If on february 2, miles inc. Pays $800 to purchase a one-year insurance policy. No miles did not make the proper accounting entries.
Insurance policy can be defined as a coverage that help to cover cost incase of unforeseen circumstance.
Based on the scenario mile did not makes the proper accounting entries based on the following:
Prepaid insurance is not an expense but an asset.Hence, the company should have offset the decrease in cash of the amount of $800 and $800 increase in prepaid insurance into an asset account.Therefore miles did not make the proper accounting entries.
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What movie earned tom hanks his first oscar nomination?.
Answer:
Big (1988)
Explanation:
He made his breakthrough with in Penny Marshall's Big (1988) for which he earned an Academy Award for Best Actor nomination.
The Riparian use doctrine A) Encourages conservation of water B) Protects the rights of those who got there first C) properly weighs the marginal benefits of water use to all users D) all of the above
The Riparian doctrine does the following:
encourages conservation of waterprotects the rights of those who got there firstproperly weighs the marginal benefits of water use to all users.What is the riparian doctrine?In water rights context, the doctrine states that water belongs to the person whose land borders a body of water.
Therefore, the Option D is correct.
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Those directly responsible for achieving the organization's production goals by issuing orders and enforcing discipline are ______ managers. Multiple choice question. line production staff
Those directly responsible for achieving the organization's production goals by issuing orders and enforcing discipline are line managers.
Why are the line managers important in an organization?A line manager is very essential in an organization because they are responsible for overseeing employees so as to fulfill business goals.
These managers are the main point of contact, responsible for achieving the organization's production goals stands between management and the outside the organization.
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why is the subject line of a business email important
Answer:
The subject line often determines whether an email is opened and how the recipient responds. An email with a blank subject line will likely get deleted, lost, or immediately irritate the recipient, who is forced to open the email to figure out what it's about.
A message's opening and response rates are frequently influenced by the subject line. When an email's subject line is blank, it is more likely to be deleted, misplaced, or immediately anger the receiver because they are compelled to open the email in order to find out what it is about.
What is the rate?A number, amount, or degree measured in relation to another object. She typed at a speed of 80 words per minute. : a charge or payment based on another quantity. more specifically: the premium per insurance unit.
A rate in mathematics is the comparison of two related values expressed in different units. The numerator of the ratio expresses the corresponding rate of change in the other (dependent) variable.
The first line of text recipients sees when they open your email is the subject line. Make sure it is optimized for your audience because this one line of content frequently determines whether an email is opened or sent directly to the trash.
Therefore, The subject line frequently has an impact on response rates. When the subject line of an email is empty,
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What is a swot anaylasis
Answer:
a study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats.
Explanation:
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What are the four basic factors that effect workplace safety?
Brandon is part of a sales team. He effectively coordinates his tasks with others in the team and willingly contributes to their efforts in achieving the team's objectives. Thus, Brandon is in ________ of the Level-5 leadership pyramid.
Brandon is in level 2 of the Level-5 leadership pyramid.
Level 2 of the Level-5 leadership pyramid.
The concept of Jim Collins’s classification of leaders based on empirical evidence describes the levels of leadership as would expect from employees and how they are different
They include:
Level 1: The Highly Capable IndividualLevel 2: The Contributing Team MemberLevel 3: The Competent ManagerLevel 4: The Effective LeaderLevel 5: The ExecutiveBrandon is in level 2 or the contributing team member level. This is because he can efficiently work and contribute in a team and contribute to the team's objectives.
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You have been awarded an insurance settlement of $211,400 that is payable one year from today. What is the minimum amount you should accept today in exchange for this settlement if you can earn 6.3 percent on your investments?
If you can make 6.3 percent on the investments, the minimum amount you should take today in exchange for this settlement is $198,871. (Approx).
What is the present value?The current value of a future sum of money or stream of cash flows, assuming a certain rate of return, is known as present value (PV).
In the given case, there is a need to find out the present value of $211,400.
Computation:
According to the given information,
Present value = $211,400 × 1/(1 + r)n
Present value =$211,400× 1/1.063
Present value =$211,400× 0.940734
Present value =$198,871(Approx).
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2. Accrued interest income on notes receivable is calculated using all of the following information except the (A) annual interest rate. (B) principal. (C) term of the note. (D) date of the note.
Term of the note is not necessary to be used for calculating the accrued interest income on notes receivable.
What is accrued interest?Accrued interest is that interest rate that has been already incurred on the loan but not paid yet.
In order to, calculate the accrued interest, interest rate has to be multiplied by the notes receivable amount and divide by the 12.
Accrued interest can be in the form of accrued interest revenue or accrued interest expense.
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The debit for a sales tax properly levied and paid on the purchase of machinery preferably would be a charge to
The debit for a sales tax properly levied and paid on the purchase of machinery preferably would be a charge to machine account.
What is a machine account?This is a section of the Journal entry that records the machine entry.
Hence, the amount paid on the purchase of machinery preferably would be a charge to machine account.
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The weak form of the efficient market hypothesis implies that:________ a) No one can achieve abnormal returns using market information. b) Insiders, such as specialists and corporate board members, cannot achieve abnormal returns on average. c) Investors cannot achieve abnormal returns, on average, using technical analysis, after adjusting for transaction costs and taxes. d) All of above.
The weak form of the efficient market hypothesis implies that All of above and EMH.
Thus, equities always trade at their fair value on exchanges, according to the EMH, making it impossible for investors to buy undervalued equities or sell them for exorbitant prices.
The only way an investor can earn larger returns is by making riskier bets, as it should be impossible to outperform the market as a whole through excellent stock selection or market timing.
Share prices, according to the efficient market hypothesis (EMH) or theory, accurately reflect all available information. According to the EMH, equities trade on exchanges at their fair market value.
EMH proponents contend that investing in a low-cost, passive portfolio is advantageous for investors. EMH critics contend that equities can diverge from fair market values and that it is feasible to outperform the market.
Thus, The weak form of the efficient market hypothesis implies that All of above and EMH.
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Discuss ways in which businesses can deal with change in the workplace
Donald, a banker in an investment firm, has long hair. His boss thinks that all men who have long hair are not serious about their work. In this scenario, Donald's boss is guilty of _____.
In this scenario, Donald's boss is guilty of Stereotype as thinks that all men who have long hair are not serious about their work.
What is Stereotype?Stereotype is a belief in which is unfair and untrue that many people have for the other people. For example:- Girls are considered to be weak ,innocent and polite and boys are considered as very strong and they never cry.
In the above scenario, Donald who is an investment banker is judged on the basis of his physical appearance. His boss has a Stereotype that all men who have long hair are not serious about their work.
Donald must be judged by his working skills rather than his appearance. Thus the boss is guilty about his Stereotype thinking.
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What is wrong with the following outline?
When teenagers give community service, they not only benefit the community but themselves.
Community service fulfills special needs in the community that might otherwise be neglected.
Volunteers often provide the only companionship that some of the elderly or disabled have because many people in nursing homes do not have family nearby.
Big Brother/Big Sister programs offer kids opportunities to learn, play, and socialize, which they would not otherwise have because of working parents.
Teenagers who perform community service benefit from the knowledge that they are making a difference.
Teenagers involved in neighborhood clean-up programs can see tangible evidence of how the clean streets and parks improve the community.
Teenage volunteers at food banks and soup kitchens are able to focus on the needs of others and see how they can fulfill those needs.
Many teenagers do not volunteer because they don't know how to get involved.
There are many resources that can help you find a service that's right for you.
The Internet is a great way to search for community service opportunities.
Your local community center or public library can be a good resource.
Ask teachers or parents how you can get involved.
There aren't enough main points.
There's nothing wrong with the outline.
There aren't enough subpoints for each main point.
There aren't enough supports for each subpoint.
Answer:
there are not enough subpoints for each main point
Answer:
B. There aren't enough subpoints for each main point.
Explanation:
The reason is that the outline has the main points which is good. But there isn't enough reasoning or smaller points to prove these main points.
outline reasons why some chemicals are not suitable for man's use
Answer: Chemicals such as insecticides, pesticides, and others must be kept away because they can contaminate food, and make it poisonous to anybody. Some can cause burns, vomiting, diarrhea, and in very large amounts, drowsiness or death. Chemical products may cause immediate health effects, such as skin or eye irritation or burns, or poisoning. There can also be longer-term health effects from chemicals.
Explanation:
Chemicals such as insecticides, pesticides, and others must be kept away because they can contaminate food, and make it poisonous to anybody. Also, chemicals used, for the preservation of food, must not be allowed to come in contact with food substances.
28. Gorman and Morton form a partnership on May 1, 2019. Gorman contributes cash of $50,000; Morton conveys title to the following properties to the partnership: Steele is invited to join the partnership on January 1, 2020. Because of her business reputation and financial expertise, she is given a 40 percent interest for $54,000 cash. The bonus approach is used to record this investment, made directly to the business. The articles of partnership are amended to give Steele a $2,000 compensation allowance per month and an annual cash drawing of $20,000. Remaining profits are now allocated:
The total allocation of net income for Gorman and Morton will be $9200 and $1800 respectively.
How to calculate the net income?The total allocation of net income for Gorman will be:
= (1000 × 8) + 1200
= 8000 + 1200
= 9200
The total allocation of net income for Morton will be 1800.
Therefore, the total allocation of net income for Gorman and Morton will be $9200 and $1800 respectively.
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As the middle and lower classes reduced income what were their two responses?
As the middle and lower classes reduced income their response to their demand will be reduced. Household spending will be affected.
What is middle class income.Middle class income earners are the people with income or salary that is more than their spending. Their earning is doubling the average spending of their household.
Therefore, a decline in middle and lower classes reduced income will reduce the household spending.
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Company culture is driven by the ability of employees to:.
Company culture is driven by the ability of employees to interrelate with each other.
What is company culture?This is the way and manner at which individual in the company behave and interact with each other.
There is cross-cultural interaction to enhance progress in a given task.
Therefore, Company culture is driven by the ability of employees to interrelate with each other.
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Daugherty Company owned a participating interest in an oil and gas business. In a transaction that qualifies as a sale, Daugherty transferred the entire interest to a third party. Daugherty received both cash and a forward commitment from the third party to deliver additional receivables to Daugherty over the course of the next 6 months. The CFO has asked if the forward commitment should be recognized as part of the proceeds of the sale. Which section of the authoritative guidance best outlines the accounting for a transfer of a participating interest in a financial asset that satisfies the conditions for treatment as a sale
IFRS-9 is the section of the authoritative guidance which best outlines the accounting for a transfer of a participating interest in a financial asset.
What is IFRS-9?
This is a financial instrument which measures and classifies assets, liabilities etc at a fair value.
The transfer of participating interest in a financial asset is done after the conditions for treatment as a sale is satisfied.
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Tremont Industries reported the following non-GAAP financials: (Values in $000s)2020 Net income 1,365Interest income (60)Interest expense 640Tax expense 637One-time tax (gain) / loss (182)Depreciation & amortization 80EBITDA 2,480Stock based compensation 350Restructuring costs 175(Gains) / Losses on sale (330)Adjusted EBITDA 2,675Had the gains/losses on sale been $350,000 instead of $330,000, which of the following statements is most accurate?a) Adjusted EBITDA would be $2,655,000b) Adjusted EBITDA would be $2,695,000.c) EBITDA would be $2,460,000.d) EBITDA would be $2,500,000.
The most accurate statement is that the adjusted EBITA is equivalent to $2,655,000.
Option A is the correct answer.
What is meant by EBITA?EBITA refers to the amount before any adjustment relating to taxes and interest expenses to the operating profit.
Computation of adjusted EBITA:
[tex]\rm\ Adjusted \rm\ EBITA=\rm\ EBITA+ \rm\ Stock \rm\ Compensation + \rm\ Restructuring \rm\ Costs - \rm\ Gain \rm\ or \rm\ Loss \rm\ on \rm\ Sale \\\rm\ Adjusted \rm\ EBITA=\$2,480,000 + \$350,000 + \$ 175,000 - \$350,000\\\rm\ Adjusted \rm\ EBITA=\$2,655,000[/tex]
Therefore, the amount of adjusted EBITA comes out to be $2,655,000.
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Tara is interested in designing automated systems for a supply chain. which type of degree would she most likely need? select an answer: mechanical engineering packaging engineering computer science industrial engineering
Tara is interested in designing automated systems for a supply chain the type of degree would she most likely need is mechanical engineering.
What is mechanical engineering?Mechanical engineering is a branch of science that combines other Science subject such as physics and mathematics to manufacture important mechanical systems and product.
Therefore, Tara is interested in designing automated systems for a supply chain the type of degree would she most likely need is mechanical engineering.
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On January 2, 20X1, Hauser Company issues $2 million face amount, 10-year bonds. Issue costs associated with these bonds are $100,000. How are the issue costs accounted for
The bonds issue costs of Hauser Company amounting to $100,000 will be debited while recording in the journal entry; whereas, the bonds payable account will be credited.
What is a journal entry?The systematic recording of accounting transactions in the journal books of a business organization, in a chronological manner, is known as a journal entry.
Hence, the significance of the journal entry is given above.
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Negative impacts of strikes on businesses as an economic issue
The major negative impact of strikes on businesses as an economic issue results in less productivity.
What do you mean by business?A business refers to an organization that is engaged in commercial, industrial, or professional activities.
The negative impact of the strike on businesses is that it affects the teamwork, profitability, and productivity of the business.
Businesses may have to suffer financial and production losses and consumer confidence is badly affected.
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Name the occupation in which people work for others and get rewarded in return
Answer:
Employment/Employers
Explanation:
Employers are the people who hire others in order to do work for a business, establisment or company with the bonus of payment.
Shelby wants to insert a new row by selecting the insert rows button. where will her new row appear on the datasheet?
The new row will appear below the row been clicked for the insertion of the rows option.
What does new row means?In a spreadsheet, this means the addition of a new row to the existing rows on the sheet.
Therefore, the new row will appear below the row been clicked for the insertion of the new rows option and this will allow the user to work on the new inserted row.
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Which of these is a disadvantage of owning your own business?
A. You set your own rules, hours, and direction of your business.
B. You can work in the field you love best.
C. When your business makes money, you profit the most.
D. When your business loses money, you are responsible for the debt.
Answer:
D
Explanation:
If you own the business, and you experience a loss, you are responsible for the loss. The other answers are positive advantages
What is the process for adding a text box on a slide?
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☁️ Question ☁️
What is the process for adding a text box on a slide?
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☁️ Answer ☁️
1. On the Home tab, under Insert, click Text.
2. On the pop-up menu, click Text Box.
3. On the slide, click the location where you want to add the text box.
4. Type or paste your text in the text box.
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The fixed costs of WeBuy&Sell, an e-commerce website, make up about 90 percent of the total costs incurred by the company. However, since its primary means of communication is web advertising, WeBuy&Sell has variable costs as low as 10 percent of its total costs. This allows WeBuy&Sell to earn high profits at a very low cost. According to the given scenario, WeBuy&Sell has _____ scalability. a. zero b. low c. infinite d. high
From the fact that the company is able to earn high profits at a very low cost it can be said to have high scalability.
What is high scalability?
This has to do with the fact that the business is able to tailor itself to meet up with the increases in its work load.
This is simply from the fat that the business would require lower capitals in their growth.
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When asked a difficult question during an interview, _____.
change the subject
put a positive spin on the honest answer
make up a positive story
ignore the question
Answer: The answer is B.
Put a positive spin on the honest answer.
If there is a greater quantity supplied than the quantity demanded, in other words, an excess supply of a good or service you are most likely dealing with a
An excess supply of a good or service than the quantity demanded then it is most likely dealing with a Economic Surplus.
What is demand?Demand refers to the desire to purchase the commodity along with having the purchasing power. It the willingness to purchase certain price of the commodity at the given period of the time.
In the market, if the supply of the commodity increases then the quantity demanded that situation is called as the Economic surplus. In such case, the prices of the commodity will decrease as their is no demand for the product.
Thus the excessive supply of the commodity can be inferred as the economic surplus.
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