Answer:
Explanation:
July 10
Dr. Accounts Receivable (98% of sales because of 2% discount) 960
Cr. Sales Revenue 960
July 19
Dr. Cash 960
Cr. Accounts Receivable 960
You work in a company that has begun selling annual subscriptions to its new online magazine. During December, the company sold the first subscriptions, receiving $600,000, which represents one-fifth of its revenues from all sources for the year. The entire amount has been collected in cash. As the end of the the year approaches, you notice that the company recorded the entire $600,000 to revenue and there is no plan to make an adjusting entry.
Draft a memo around two paragraphs in length to your supervisor, which explains the following:
The accounting error that has been made
The effect this error will have on the financial statements dated at the end of December
The problems that might result
The importance of fixing the error and what needs to be done to fix the error
Make sure to include proper grammar, spelling, etc.
The memo will indicate the accounting error that has been made and its effect on the financial statements.
The amount of $600,000 collected from the sale of the annual subscription to the new online magazine is the amount that was collected for the upcoming period of 12 months which will start by December of the current year.
Only $50000 of the amount will be recorded for the year. The related services for the remaining eleven months will then be $550000 and this should be reported as the unearned revenue.
The effect of the error is that there'll be an overstating of the net income or the current period by an amount of $550000 and there'll also be an understatement of the current liabilities by $550000.
In conclusion, the error needs to be fixed by debiting the revenue by $550000 and then crediting the unearned revenue by $550000.
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Until 1992, the Walt Disney Company had experienced nothing but success in the theme park business. Its first park, Disneyland, opened in Anaheim, California, in 1955. Its theme song, It’s a Small World After All, promoted an idealized vision of America spiced with reassuring glimpses of exotic cultures all calculated to promote heartwarming feelings about living together as one happy family. There were dark tunnels and bumpy rides to scare the children a little but none of the terrors of the real world. The Disney characters that everyone knew from the cartoons and comic books were on hand to shepherd the guests and to direct them to the Mickey Mouse watches and Little Mermaid records. The Anaheim park was an
The Anaheim park was an instant success, which Walt Disney Company replicated in Florida and Tokyo but failed to export to Paris, France.
The failure of Disney Paris was the result of a misunderstanding of the cultural peculiarities of the French. Some Frenchmen described the introduction of Disney Paris as "a cultural Chernobyl" and "a symbol of American cliches and consumer society."
Despite the envisaged 30,000 jobs that Disney Paris was to create and the demographic centrality of Paris in Europe, the diversification in Europe flopped.
Thus, Disney's misadventure in Europe became a short-lived and disastrous dream for the Walt Disney Company because of cultural misunderstanding.
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HELPPP Why do many business owners avoid market research? Question 14 options: They're afraid of hearing any negative feedback. They don't know how to do it. They're unwilling to take the time. They're shy.
Answer:
they are afraid of hearing any negative feedback
Which of the following best defines the Theory of Constraints? a. The concept of purposely creating barriers in a process in order to evaluate the impact on the workflow b. Maximizing cash flow by minimizing throughput c. A set of principles that focuses on increasing total process throughput by maximizing the utilization of all bottleneck work activities d. Limiting demand in order to better service remaining customers
In business, the Theory of Constraints is a methodology or set of principles to improve possible constraints or bottlenecks and maximize results (Option B).
In companies, it is common goals or projects are limited by factors such as:
Time.Communication problems.Limited resources.Leadership issues.Among others.These limitations are known as constraints or bottlenecks. Moreover, the Theory of Constraints proposes these factors can help companies achieve a goal or maximize results if the company focuses on improving these limiting aspects.
This means this theory states the process and results can be increased if the bottleneck activities are also maximized (option B).
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3. Identifying the Problem, Defining the Purpose, and Collecting Data Business reports require planning. Before you begin writing a report, you should define the project and gather data. In order to determine the problem your report will help to solve, you should first . What are the typical sources for gathering factual data for informal reports
The first step to show the problem the report focuses on is writing a clear problem statement. On the other hand, the most common sources for informal reports include observations, electronic sources, and printed materials.
In companies, the purpose of most reports is to describe or a process in a detailed way. In the case of reports that focus on problems, these reports aim at explaining through accurate data a problem or issue in the company.
One of the first elements in these reports is a clear problem statement, this means the problem the reports explain is summarized in a short but clear and accurate statement. This statement is usually one of the first elements in the report because it helps the writer know what the report is about.
On the other hand, reports need to illustrate and explain the problem based on realistic and accurate data. Because of this to write a report sources such as articles, observations, printed documents, etc.
In the case of informal reports the most common sources are:
Observations: Information you obtain by monitoring a process or phenomenon.Electronic sources: Information related to the problem found on the internet or in electronic records.Printed materials: Documents such as letters, reports, etc. that provide information about the problem.Learn more in: https://brainly.com/question/11509805
Buzz's Educational Software Outlet sells two or more of the video games as a single package. Managers are keenly interested in individual productprofitability figures. Information pertaining to three bundled products and the standalone prices is as follows:
StandAlone Selling Price Cost Package Packaged Price Reading Fun 1. Reading Fun & Math Fun Math Fun 2. Reading Fun & Analysis Analysis 3. All three
Using the standalone method with selling price as the weight for revenue allocation, what amount of revenue will be allocated to Reading Fun in the first package (Reading Fun & Math Fun)?
A. $20.89
B. $37.00
C. $28.62
D. $35.69
An investor already has some money invested in Company A. She does not have any shares of Companies B and C. She has some extra money available, and she is deciding in which company to invest this extra money right now. The investor beliefs that the following scenarios are likely to occur one year from now:
a. With probability 1/2 the price of one share of Company A will be $100, one share of Company B will be $200, and one share of company C will be $50.
b. With probability 1/2 the price of one share of Company A will be $50, one share of Company B will be $400, and one share of company C will be $25.
In order to diversify her portfolio, the investor should invest in assets that have returns. In this case, the investor should use her extra money to purchase shares from company's: _____________
Explain how the following transactions would affect U.S. net capital outflow. For each transaction, state whether it represents direct investment or portfolio investment.a.An American cellular phone company establishes an office in the Czech Republic.b.Harrods of London sells stock to the General Motors pension fund.c.Honda expands its factory in Marysville, Ohio.d.A Fidelity mutual fund sells its Volkswagen stock to a French investo
The transactions would affect U.S. net capital outflow in the following ways:
Foreign direct investment.Foreign portfolio investment.Foreign direct investmentForeign portfolio investmentAn American cellular phone company that establishes an office in the Czech Republic is an increase in net capital flow and foreign direct investment.
Harrods of London sells stock to the General Motors pension fund is an increase in net capital flow and foreign portfolio investment.
Honda expands its factory in Marysville, Ohio is a decrease in net capital flow and foreign direct investment.
A Fidelity mutual fund sells its Volkswagen stock to a French investor is a decrease in net capital flow and foreign portfolio investment.
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Summarize your results of the personality assessment and how you think these elements might help or hinder you as a leader.
Personality assessment refers to the proficiency in professional psychology that's vital in measuring the personal characteristics of a person.
Personality assessment can also be used in diagnosing psychological problems and screening candidates for college and employment.
Personality assessment is important as it's vital in fueling leadership development. It can also be used by a leader to uncover deep insights about himself or herself.
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Which QuickBooks Online report answers the common business question: "Who owes me money?"
Answer:
Accounts Receivable Aging report.
Explanation:
Because you're receiving money.
There are selected transactions of Martin Consulting Service. Post the transactions into the appropriate Ledger accounts.
DATE TRANSACTIONS
20x1
Sept. 1 Marcus Martin invested $40,000 in cash to start the firm.
4 Purchased office equipment for $4,350 on credit from Zappo, Inc.; received Invoice 8925, payable in 30 days.
16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $28,000 in full payment.
20 Purchased supplies for $550; paid immediately with Check 1002. 23 Returned damaged supplies for a cash refund of $105.
30 Issued Check 1003 for $2,100 to Zappo, Inc., as payment on account for Invoice 8925.
30 Withdrew $3,000 in cash for personal expenses.
30 Issued Check 1004 for $4,500 to pay the rent for October.
30 Performed services for $11,325 in cash. 30 Paid $480 for monthly telephone bill, Check 1005.
Post the above transactions into the appropriate Ledger accounts.
Martin Consulting Service, posting transactions to the appropriate Ledger accounts are as follows:
Cash
Date Account Titles Debit Credit
Sept. 1 Capital, Martin $40,000
Sept. 16 Automobile $28,000
Sept. 20 Supplies 550
Sept. 23 Supplies 105
Sept. 30 Accounts Payable (Zappo, Inc.) 2,100
Sept. 30 Drawings, Martin 3,000
Sept. 30 Prepaid Rent 4,500
Sept. 30 Service Revenue 11,325
Sept. 30 Utilities Expense 480
Capital, Martin
Date Account Titles Debit Credit
Sept. 1 Cash $40,000
Office equipment
Date Account Titles Debit Credit
Sept. 4 Accounts Payable
(Zappo, Inc.) $4,350
Accounts Payable
Date Account Titles Debit Credit
Sept. 4 Office equipment $4,350
Sept. 30 Cash $2,100
Automobile
Date Account Titles Debit Credit
Sept. 16 Cash $28,000
Supplies
Date Account Titles Debit Credit
Sept. 20 Cash $550
Sept. 23 Cash $105
Drawings
Date Account Titles Debit Credit
Sept. 30 Cash $3,000
Prepaid Rent
Date Account Titles Debit Credit
Sept. 30 Cash $4,500
Service Revenue
Date Account Titles Debit Credit
Sept. 30 Cash $11,325
Utilities Expense
Date Account Titles Debit Credit
Sept. 30 Cash $480
Data Analysis:
Sept. 1 Cash $40,000 Capital, Martin $40,000
Sept. 4 Office equipment $4,350 Accounts Payable (Zappo, Inc.) $4,350
Sept. 16 Automobile $28,000 Cash $28,000
Sept. 20 Supplies $550 Cash $550
Sept. 23 Cash $105 Supplies $105
Sept. 30 Accounts Payable (Zappo, Inc.) $2,100 Cash $2,100
Sept. 30 Drawings, Martin $3,000 Cash $3,000
Sept. 30 Prepaid Rent $4,500 Cash $4,500
Sept. 30 Cash $11,325 Service Revenue $11,325
Sept. 30 Utilities Expense $480 Cash $480
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During each stage of a product's life cycle, the types and levels of sales, profits, and competition rise, peak, and eventually decline.
a. True
b. False
Answer:
a
Explanation:
this is due to the initial uptake for the product . it levels to repeat customers but others drop off the sales due to other reasons
In 2021, Ava, an employee, who files single, has AGI of $51,900 and incurred the following miscellaneous itemized deductions this year: Union dues and work uniforms: $1,080 Home office expenses: $3,240 Unreimbursed employee expenses: $1,512 Gambling losses to the extent of gambling winnings: $1,400. What is Ava's total itemized deduction related to these items
Ava's total itemized deduction related to these items is $6,194.
Total Itemized Deduction:
Home office expenses: $3,240
Union dues and work uniforms $1,080
Unreimbursed employee expenses $1,512
Less: 2%of AGI ($51,900×2%) ($1,038)
$4,794
Gambling losses to the extent of gambling winnings $1,400
Total Itemized Deduction $6,194
($4,794+$1,400)
Inconclusion the total itemized deduction related to these items is $6,194.
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The City of Holbrook transferred $100,000 from the General Fund to the Debt Service Fund for payment of interest. The appropriate entry in the General Fund to record this transfer would be
a. Debit Expenditures $100,000; Credit Cash $100,000.
b. Debit Other Financing Uses Transfer Out $100,000; Credit Cash $100,000.
c. Debit Fund Balance Transfer Out $100,000; Credit Cash $100,000.
d. Debit Other Financing Sources Transfer In $100,000; Credit Cash $100,000.
Answer:
A. Debit Expenditures $100,000; Credit Cash $100,000.
Explanation:
Don't really have one, but hope this helped! :D
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Answer:
Explanation:
For time
Answer:
what are you talking about ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
Explanation:
i need answers right no
Answer:
what's the whole question
I can't understand
The hazard management process consists of a number of activities designed to reduce loss of life and destruction of property. Natural hazard management has often been conducted independently of development planning. A distinctive feature of OAS technical assistance is the integration of the two processes.
Mooradian Corporation’s free cash flow during the just-ended year (t = 0) was $160 million, and its FCF is expected to grow at a constant rate of 5.0% in the future. Assume the firm has zero non-operating assets. If the weighted average cost of capital is 12.5%, what is the firm’s total corporate value, in millions?
The firm’s total corporate value, in millions is: $22,400,000.
Using this formula
Firm Total Corporate Value =Free cash flow (1+ Growth) / Average cost of capital - Growth
Where:
Free cash flow=$160 million
(1+ Growth) =(1+5.0%)
Average cost of capita=12.5%
Growth=5%
Let plug in the formula
Firm Total Corporate Value= $160,000.000 ( 1+0.05)/12.5%-5%
Firm Total Corporate Value=$160,000,000(1.05)/7.5%
Firm Total Corporate Value=$168,000,000/7.5%
Firm Total Corporate Value=$22,400,000
Inconclusion the firm’s total corporate value, in millions is: $22,400,000.
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What was your largest contributor from indoor water? Why?
I need description
the pigmalion effect applies to consumer behavior?
The Pygmalion effect is where an individual's performance is influenced by others' expectations. In other words, higher expectations lead to higher performance. However, the Pygmalion effect specifically refers to how our expectations of others affect our behavior towards them.
Explanation:
The Pygmalion effect is where an individual's performance is influenced by others' expectations. In other words, higher expectations lead to higher performance. However, the Pygmalion effect specifically refers to how our expectations of others affect our behavior towards them.
The Pygmalion effect, or Rosenthal effect, is a psychological phenomenon wherein high expectations lead to improved performance in a given area. The effect is named after the Greek myth of Pygmalion, a sculptor who fell in love with a statue he had carved, or alternately, after the psychologist Robert Rosenthal.
How would you balance demands from different stake holders that are at
variance with each other?
in hypothesis testing, a type 2 error occurs whaen
A type I error (false-positive) occurs if an investigator rejects a null hypothesis that is actually true in the population; a type II error (false-negative) occurs if the investigator fails to reject a null hypothesis that is actually false in the population.
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Miss Hawaii
3. Which of the following statements is true with regards to an investment property? (A) An investment property generates cash flows largely independently of the other assets held by an entity (B) The value in use of investment property is significantly higher than of owner-occupied property (C) An investment property unlike owner-occupied property shall not be depreciated over its useful life (D) An investment property unlike owner-occupied property shall always be measured at its historical cost
Answer: An investment property generates cash flows largely independently of the other assets held by an entity
Explanation:
pls give brainliest
Why is competitive aggression, such as Tesla's drive to become the safest car factory in the world, considered to be an independent strategy
to influence the organization's environment
Competitive aggression like the actions of Tesla are considered independent strategies because d. It is an independent response to exploit a competence or efficiency for competitive advantage.
Independent strategies:
Are based on the way a company responds to a particular issue that is independent of their competitors Usually exploit some sort of competence that enables the company involved to gain a competitive advantage over its rivalsTesla is engaged in an independent strategy because they are responding to the needs of the auto industry by exploiting the safety angle and they are doing this independently, not based on competing with another rival.
In conclusion, Tesla is engaged in an independent strategy by aiming to be the safest because it is an independent response to the industry.
Options for this question include:
a. It is a cooperative strategy with another party to reduce its costs and risks.
b. It is a private legal action taken against market encroachment.
c. It is an independent action to improve relations with competitors.
d. It is an independent response to exploit a competence or efficiency for competitive advantage.
e. It is a coalition among two parties that act jointly to accomplish a set of initiatives.
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To remodel a restaurant, Two Brothers Pizza signs a 250-day note with proceeds of $63,159.72 and a maturity value of $68,000. Find the APR.
The annual percentage rate is 11.19%.
Annual percentage rate is the yearly interest generated on the loan granted to borrowers or paid to investors.
.
The formulae for APR is (Maturity Value / Net Proceed - 1) * (365 / Period of Note).,Given data
Net Proceed = $63,159.72
Maturity Value = $68,000
Period of Note = 250 days
APR = ($68,000 / $63,159.72 - 1) * (365 / 250)
APR = 0.076636 * 1.46
APR = 0.1119
APR = 11.19%
Therefore, the annual percentage rate is 11.19%.
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What's the purpose of the three questions you should ask before using your emergency fund?
The three-question:
Is it unexpected?
Is it necessary?
Is it urgent?
Answer:
to reconsider yourself before spending your emergency funds.
Explanation:
if it's not important then don't use it.
is it unexpected?.. well do you expect to use this fund.
is it necessary?... do you really need this stuff
is it urgent?.... do you need these things right now?
Investor A has an initial wealth of $100 and a utility function of the form: U(w) = log(w) where w is her wealth at any time. Investment Z offers her a return of −18% or +20% with equal probability. i. What is her expected utility if she invests nothing in Investment Z? ii. What is her expected utility if she invests entirely in Investment Z? iii. What proportion a of her wealth should she invest in Investment Z to maximize her expected utility? What is her expected utility if she invests this proportion in Investment Z?
With this initial investment of 100, the investors utility if she invests nothing is 2. If she invests entirely her utility is 2.00432
From the available question, these are the the solutions from option (i) to (iii)
i.) We have utility defined as
U(w) = log w
w = 100
[tex]Utility=log(100)[/tex]
= 2
ii) If she invests entirely in Z, utility:
[tex]return*probability\\[/tex]
-18% x 50% = -9%
20% x 50% = 10%
-9% + 10% = 1%
w = 100 + 1
= 101
[tex]Utility = log(101)[/tex]
= 2.00432
This is her utility if she invests entirely in Z.
iii) This investor has these two choices:
invest in zleave resources idleIf she invests in z she gets a 1% increase. Therefore her wealth increases or is maximum when she invests in Z.
Her utility if she invests this proportion in Z is the same as what was solved in (ii) above.
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Warner Company has $196,000 of total fixed costs and sells products A and B with a product mix of 40% A and 60% B. Selling prices and variable costs for A and B result in contribution margins per unit of $8 and $4, respectively. Compute the break-even point. Enter product mix answers in decimal form. Round weighted average unit contribution margin to two decimal places, if applicable.
The break-even point of Warner Company is 3,500 units.
Here, we are going to calculate the break-even point of Warner Company.
Product Product Mix Contribution margin Weighted Average unit
[1] per unit[2} contribution margin[1*2]
A 40% $8 $3.2
B 60% $4 $2.4
Total $5,6
Formula for Break Even point is Fixed cost / Weighted average unit contribution margin
Break-even point = $196,000 / $5,6
Break-even point = 3,500 units
Therefore, the break-even point of Warner Company is 3,500 units.
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In a research experiment, Priya hears the following list of words:
orange, belt, table, swing, cheese, walk, sting, camel, shell, tan, ivy, cola, plane,
screen, egg. When the list is completed, which of the following words will Priya be
least likely to recall?
a)
Orange
b) Cola
c) Table
d) Camel
Answer:
orange
hope this answer may help you
Explanation:
option B, Cola is the correct answer.
hope this helps you.
Multiply 3.85% x $45,076 *
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Answer:
yeah there are more of us