The amount that Course Co. should report as a liability for accrued interest on its December 31, 2021 balance sheet is $240.
What is accrued interest?Accrued interest is an accounting expression that shows a liability for interest payment has been incurred for a loan but the payment has not yet been made.
For Course Co., it incurs accrued interest of $240 every quarter for the three-year note payable. Usually, the accrued interest is paid at the beginning of the next quarter.
Data and Calculations:3-year note payable = $16,000
Rate of interest = 6% per year
Date of loan = May 1, 2020
Interest payment = quarterly or 4 times annually
Interest per quarter = $240 ($16,000 x 6% x 1/4).
Thus, the accrued interest on Course Co.'s December 31, 2021 balance sheet is $240.
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What is a organization chart
Answer:
An organizational chart is a diagram that visually conveys a company's internal structure by detailing the roles, responsibilities, and relationships between individuals within an entity.
is a diagram that visually conveys a company's internal structure
Explanation:
A diagram that conveys a company's internal structure by detailing the roles, responsibilities and relationships between individuals within an entity.organuzation charts are alternatively refered to as "org charts"
Prompt
What are equity investments ?
Answer:
In finance, equity is the ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets.
Explanation:
got 100%
Fallon campaign managers suggested that Arby’s implement a(n) ______ as one way of measuring the campaign’s effectiveness. In this evaluation technique, two versions of the television advertising copy are created and the difference in effectiveness is recorded via checkout scanner data.
Answer:
Sales Test
Explanation:
Sales tests can include consumer purchase tests that measure retail sales that result from a given advertising campaign.
Fallon campaign managers indicated that Arby’s implement a Sales test as one way of estimating the campaign’s effectiveness.
What is sales test?A sales assessment test exists as a resource employers utilize to gauge sales candidates' professional demeanor and overall sales acumen. It's a test that generally protects bases related to elements of sales roles like character, contact, goal-setting, presentation, adaptability, cooperation, and research.
Sales tests can contain consumer purchase tests that estimate retail sales that result from a provided advertising campaign.
Hence, Fallon campaign managers indicated that Arby’s implement a Sales test as one way of estimating the campaign’s effectiveness.
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Madison Hotels sold a foreign organization the right to use its brand name and operating know-how in return for a lump-sum payment and a share of the profits. This is an example of
This sale of brand name and operating know-how by Madison Hotels to a foreign organization in return for a lump-sum payment and profit share is an example of Franchising.
What is Franchising?Franchising is the business relationship between the franchisor and the franchisee in which the franchisor (e.g. Madison Hotels) establishes the brand's trademark or trade name and a business system. The franchisee pays a royalty and often an initial fee for the right to do business using the franchisor's brand name and system.
Thus, this business relationship between Madison Hotels and the foreign organization is an example is of Franchising.
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Suppose you pay $14 to see George Clooney in his next movie and that Mr. Clooney receives $40 million for appearing in it. This means that:
A.)You would be better off if you were more self-reliant in the movie market.
B.)George Clooney receives a producer surplus of $40 million.
C.)You receive a consumer surplus of $14.
D.)You and George Clooney benefit from this transaction.
It can be depicted that you and George Clooney benefit from this transaction since utility is derived.
What is utility?Utility refers to the usefulness or enjoyment that a consumer can get from a good or service.
In this case, if one pays $14 to see George Clooney in his next movie and that Mr. Clooney receives $40 million for appearing in it, the p[erson and George Clooney benefit from this transaction.
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Drag each tile to the correct box.
What is the sequence of events that could lead to trade surplus?
What is trade surplus?
Trade surplus:- This term is used when the export of the country product is greater than the cost of imports.[tex]\purple{ \rule{300pt}{3pt}}[/tex]
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Events ⤵️1. the selling nation’s currency value appreciates
2. import cost for the buying nation goes up
3. demand for foreign currency increases
4. import goes down in the buying nation
5. the buying nation’s currency value depreciates
Sequence ⤵️import cost for the buying nation goes up demand for foreign currency increases import goes down in the buying nation the buying nation’s currency value depreciates the selling nation’s currency value appreciatesI.e. 2-3-4-5-1
Which one is NOT a competing value:
O Justice vs Mercy
O Truth vs Loyalty
O Person vs Society
O Short Term vs Long Term
Short Term vs Long Term is NOT a competing value.
Competing valueCompeting value are range of values and priorities that determine and influence a community's culture.
Examples of Competing value are Justice vs Mercy, Truth vs Loyalty, Person vs Society.
Short Term vs Long Term is NOT a competing value.
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Amberger Products competes in consumer electronics where there is a high level of market and technological uncertainty. To address these challenges, Amberger Products does not commit itself to a particular product design or features early on; instead, it is geared to quickly and inexpensively assess if it has succeeded or failed with a design or feature, learn from its past, regroup and try again quickly. The option that Amberger Products uses is called a ________ option.
The positioning option is used by Amberger Product because its enables them to quickly and inexpensively assess if it has succeeded or failed with a design or feature.
What is positioning in business?In business, the term "positioning" refers to a concept that helps to outlines what a business should do to market its product or service to its customers.
In conclusion, the positioning option is used by Amberger Product because its enables them to quickly and inexpensively assess if it has succeeded or failed with a design or feature.
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Myra agrees to sell Connie her house for $250,000.00. The next day, a tornado destroys the house. Will either party be bound by the terms of the contract
In relation to whether either Myra or Connie will be bound to the transaction involving the house, the answer is no because the subject matter has been destroyed.
Why are neither party bound to the contract?The subject matter of the contract which is the house, has been destroyed and this happened before the contract was finalized.
There is therefore, no longer a subject for the contract to be finalized and as it is neither party's fault, neither of them will be bound by the contract's terms.
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Answer:
fr
Explanation:
give at least 2 diffrences of entrepreneurs and intrapreneurs."
Answer:
The main difference between an entrepreneur and intrapreneur is that an intrapreneur is already an employee of an existing organization or buissness, while the entrepreneur creates and oversees a new organization or buissness. Another difference is when an entrepreneur introduces an idea, they are usually introducing a new idea that doesnt already exist or belong to a company. an intrapreneur on the other hand promotes an idea innovation within the already existing company. Also, an intrapreneur is usually an "inside entrepreneur" within an inside co. while an entrepreneur is typically in a larger firm.
Explanation:
I hope this helps have a great day:)
The rapid changes in technology that have been evident over the past thirty years have begun to slow and it will likely
be another decade or so before the next technology innovation is introduced.
O True
O False
Answer:
the answer is false
Explain the difference between public goods and private goods. Consider why profit can be
made through the supply of one type of good, but not the other. (8)
Need a full answer, Please
This unaudited financial information for Bond Company is presented below. Bond Company Income Statement for the Years Ended December 31, 20X1 December 31, 20X2 Gross sales $78,400,000 $82,000,860 Less Returns and allowances 2,500,000 2,604,500 Net sales 75,900,000 79,396,360 Cost of goods sold 45,300,000 50,436,360 Gross profit 30,600,000 28,960,000 Selling and administrative 18,400,000 19,200,000 Income from operations 12,200,000 9,760,000 Interest expense 1,900,000 1,800,000 Net income before taxes 10,300,000 7,960,000 Income taxes 4,982,000 3,580,700 Net income 5,318,000 4,379,300 Accounts Receivable 26,000,275 50,672,000 Inventory 56,000,000 58,000,000 Perform a horizontal analysis of net sales and accounts receivable. Express your answer as a percentage to two decimal places.
The performance of the horizontal analysis of net sales and accounts receivable for Bond Company shows the following results:
Net sales increased in 20x2 to 104.61% while the Accounts Receivable increased to 194.89%.
What is horizontal analysis?Horizontal analysis or trend analysis of a financial statement is a comparison of the financial statement items to show their year-on-year performances and growth patterns over time.
Data and Calculations:Bond Company Income Statement for the Years Ended
December 31, 20X1 December 31, 20X2
Gross sales $78,400,000 $82,000,860
Less Returns and allowances 2,500,000 2,604,500
Net sales 75,900,000 79,396,360
Cost of goods sold 45,300,000 50,436,360
Gross profit 30,600,000 28,960,000
Selling and administrative 18,400,000 19,200,000
Income from operations 12,200,000 9,760,000
Interest expense 1,900,000 1,800,000
Net income before taxes 10,300,000 7,960,000
Income taxes 4,982,000 3,580,700
Net income 5,318,000 4,379,300
Accounts Receivable 26,000,275 50,672,000
Inventory 56,000,000 58,000,000
December 31, 20X1 December 31, 20X2 Horizontal
Analysis
Net sales 75,900,000 79,396,360 104.61% ($79,396,360/$75,900,000 x 100)
Accounts receivable 26,000,275 50,672,000 194.89% ($50,672,000/$26,000,275 x 100)
Thus, the performance of the horizontal analysis of net sales and accounts receivable for Bond Company shows that Net sales increased in 20x2 to 104.61% while the Accounts Receivable increased to 194.89%.
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Has the death of the watch been greatly exaggerated? Apple gets into the game
CS 5.1
Discuss the possible reasons to buy a watch today. Connect each motivation you identify with an appropriate motivational theory from the chapter.
CS 5.2
What does Apple really believe will motivate consumers to purchase the Apple Watch? Are there different motivations at the low versus high (luxury version) price point?
CS 5.3
How do marketers of watches use marketing and advertising to motivate consumers to buy them? Give specific examples.
Although we do not have access to the chapter, we can provide a generalized answer in that people can still be motivated to buy watches today as an accessory from a fashion standpoint.
What are some motivations today for purchasing a watch?In this digital age, watches are no longer purchased mainly for their functional aspects given that smartphones can more than suffice. However, as all marketing for watches will prove, the principal motivation for watches today is fashion. Watches now serve as an accessory to complete any outfit, and as is the case with diamonds, a more expensive watch will occupy the role of a lucrative accessory, drawing the desired attention.
Therefore, we can confirm that people can still be motivated to buy watches today as an accessory from a fashion standpoint.
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Why is the "insurance verification and eligibility" function of accounts receivable management important?
a. It facilitates patient and family counseling about insurance and payment issues, which includes advising patients and familles about insurance benefits.
b. It allows for account follow-up and payment resolution by reviewing remittance advice documents and contacting payers to resolve claims.
c. It confirms the patient's insurance plan and eligibility information with the third-party payer to determine the patient's financial responsibility for services rendere
d. It involves capturing charges and posting payments by entering charges for services and procedures in the medical practice management's billing system.
Answer:
[C] It confirms the patient's insurance plan and eligibility information with the third-party payer to determine the patient's financial responsibility for services rendere
Explanation:
The "insurance verification and eligibility" function of accounts receivable management is important It confirms the patient's insurance plan and eligibility information with the third-party payer to determine the patient's financial responsibility for services rendered.
What is the insurance?Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or someone else of your choosing. If an accident occurs and you don't have insurance, you can be liable for all associated expenses.
In order to evaluate the patient's financial responsibility for the services rendered, it verifies the patient's insurance plan and eligibility details with the third-party payer.
It entails recording fees for services and procedures in the billing system for medical practice administration in order to capture charges and submit payments.
Therefore, Thus, option (C) is correct:
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Miranda Fashions competes in the fast-changing world of fickle teenage apparel tastes. To manage this uncertainty, Miranda Fashions typically puts out several new apparel offerings in small quantities to get customer reaction and once customer preferences are clear, it invests heavily to go all out. The option that Miranda Fashions uses is called a ________ option.
a. stepping-stone
b. scouting
c. staged
d. positioning
When launching several new clothing offerings in small quantities to get the customer's reaction, Miranda Fashion uses a strategy called a stepping-stone option.
What is the Stepping-stone strategy?It is based on a strategy of managing organizational growth in the short and medium term in an aligned and modest way, but which is profitable and generates a more tangible and achievable understanding for decision making in the long term.
Therefore, through the stepping-stone, the company can manage the uncertainties of rapid change in market trends and position itself in front of its target audience in a more focused and directed way to their desires and needs.
The correct answer is:
a. Stepping-stone
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If both covered interest parity and uncovered interest parity hold, then the expected future spot rate is equal to the: current forward rate. current interest rate. current spot rate. interest rate spread.
There is often interest rates on products. If both covered interest parity and uncovered interest parity hold, then the expected future spot rate is equal to the current forward rate.
What is the covered interest parity and uncovered interest parity?Covered interest parity is known to be one that involves using forward contracts to handle an exchange rate.
The uncovered interest rate parity is used mostly in forecasting rates and not handling exposure to foreign exchange risk.
In equilibrium, if both uncovered and covered interest parity hold, the condition that should exist is that the forward rate will equal the expected future spot rate.
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Owen offers to sell his motorcycle to Julian for $5,000. After he makes the offer, Owen has second thoughts. Owen can revoke the offer to sell his motorcycle to Julian:
Owen can revoke the offer to sell his motorcycle to Julian: As long as Julian has not yet accepted the offer.
Revoke of offer to sellBased on the given scenario Owen can revoke the offer to sell the motorcycle to Julian based on the fact that Julian has not accepted the offer to buy the motorcycle from Owen.
An individual who makes an offer have the power to revoke so long as it hasn't yet been accepted by the other party.
Hence, having a second thought about the offer Owen can revoke the original offer he made.
Inconclusion Owen can revoke the offer to sell his motorcycle to Julian: As long as Julian has not yet accepted the offer.
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What event had an enormous effect on US workplace safety
Answer:
I believe your answer would be D, a deadly factory fire.
Hope this helped!
The 4 stages of ProDG are:
Define, Design, Diagnose, Deploy
Define, Measure/Analyse, Improve and Control
Define, Diagnose, Design and Deploy
Define, Diagnose, Improve and Deploy
The four stages of the ProDG are:
Define, Design, Diagnose, DeployWhat is a Design Process?This refers to the various stages in which a product has to pass through before it is considered a finished product.
With this in mind, we can see that based on the ProDG model, the four stages which takes place is to define the program which is to be made, make the design, diagnose for possible errors and then deploy.
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If the tax rate on the first $30,000 of income is 15 percent; on the next $30,000 is 20 percent; and on all income above $60,000 is 30 percent, then the tax payment on income of $30,000 is $_____.
Based on the information given the tax payment on income of $30,000 is $10,500.
Tax payment on incomeUsing this formula
Tax payment=(First income×Tax rate)+(Next income×Tax rate)
Let plug in the formula
Tax payment=($30,000×15%)+($30,000×20%)
Tax payment=$4,500+$6,000
Tax payment=$10,500
Inconclusion the tax payment on income of $30,000 is $10,500.
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Answer:4500
Explanation: multiply the tax rate of 15% by 30,000
Andrew purchased a stock for $250 and sold it for $175 one year later. If he earned a dividend income of $180, the stock's yield is:
Answer:
the answer is 605$ that Math
The government is considering levying a tax of $30 per unit on suppliers of either jeans or allergy medication. The supply curve for each of these two
goods is identical, as you can see on each of the following graphs. The demand for jeans is shown by D, (on the first graph), and the demand for
allergy medication is shown by D. (on the second graph).
Suppose the government taxes jeans. The following graph shows the annual supply and demand for this good. It also shows the supply curve (
S + Tax) shifted up by the amount of the proposed tax ($30 per pair).
On the following graph, use the green rectangle (triangle symbols) to shade the area that represents tax revenue for jeans. Then use the black
triangle (plus symbols) to shade the area that represents the deadweight loss associated with the tax.
The effect of tax on supply is that it increases the cost of production and ultimately the price of the Jeans. This will have the effect of reducing the demand as seen in the graph attached.
What are the effects of Tax of Supply?All things being equal, Tax has a way of reducing supply in the long run, especially in a perfect market.
When taxes are levied on the production of a product that is elastic to price changes (that is changes easily with fluctuations in price according to the laws of demand), demand slows down.
When demand slows down, profit also slows down. This in turn bites back on the amount of taxes that the government is able to make because suppliers are are driven by profit.
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examples of agricultural businesses
Answer:
Examples of agricultural businesses are farm machinery manufacturing, and farming and ranching too.
Explanation:
I hope this helps! Have a great day!!
Lilac~
HELP ASAP According to an article in the Wall Street Journal, between 1998 and 2018, the number of non stop coast-to-coast flights in the United States more than doubled at the same time that tho price of a ticket declined.
(Source: Scott McCartney, "The Rare Case Where Airlines and Passengers Both Win," Wall Stroof Journal, March 28, 2018,)
Briefly explain whether the scenario can account for this outcome.
The demand for coast-to-coast flights decreased during this period, while the supply of flights increased
This scenario
A. can account for the quantity of coast-to-coast flights increasing at tho same time that the price was decreasing if the increase in supply is small onough relative to the decrease in demand.
B. can't account for the outcome of the quantity of coast-to-coast fights increasing at the same time that the price was decreasing because the quantity will always be lower in this scenario.
C. accounts for the quantity of coast-to-coast flights increasing at the same time that the price was decreasing, irrespective of the relativo size of the shifts of supply and demand,
D. can account for the quantity of coast-to-coast flights increasing at the same time that the price was decreasing if the increase in supply is large enough relative to the decrease in demand.
The demand for coast-to-coast flights increased during this period, while the supply of flights decreased.
This scenario
A. can't account for the quantity of coast-to-coast flights increasing at the same time that the price was decreasing because an increase in demand and a decrease in supply will both push the price higher
B. accounts for the quantity of coast-to-coast flights increasing at the same time that the price was decreasing, irrespective of the relative size of the shifts of supply and demand.
C. can't account for the quantity of coast-to-coast flights increasing at the same time that the price was decreasing because an increase in demand and a decrease in supply will both push the quantity lower
D. can account for the quantity of coast-to-coast flights increasing at the same time that the price was decreasing if the increase in demand is large enough relative to the decrease in supply
Based on demand and supply rules, the first scenario C. accounts for the quantity of coast-to-coast flights increasing at the same time that the price was decreasing, irrespective of the relative size of the shifts of supply and demand.
The second scenario A. can't account for the quantity of coast-to-coast flights increasing at the same time that the price was decreasing because an increase in demand and a decrease in supply will both push the price higher.
Why can the first scenario account for the noticed phenomenon?The trend is that the number (supply) of flights increased and prices decreased.
Prices decrease when demand for flights decrease. Prices also decrease when supply of flights increase. Both situations will therefore lead to a decrease in price regardless of the quantity they occur in.
Why can't the second scenario account for the notice phenomenon?If the demand for flights increase, the price of flights will increase as well. A decrease in supply will also lead to prices rising.
Both scenarios will therefore lead to a rise in price and so cannot account for the fall in price.
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A system of accounting for production operations that provides managers with information to control costs and set selling prices is called a(n):
The answer is Cost Accounting system because it is system of accounting for production operations that provides managers with information to control costs and set selling prices.
What is Cost Accounting?Cost Accounting system refers to some set of methods a company's management employ to record and report measurements of the cost use to produce goods and some services carried out in detail. It involves procedures use to recognize, classify, allocate, sort and record costs incured and comparing them with standard costs.
Therefore, The answer is Cost Accounting system because it is system of accounting for production operations that provides managers with information to control costs and set selling prices
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The use of black box edits was discontinued when CMS did not renew its contract with a private company that refused to publish NCCI code edits it developed because it considered them:
a. privileged communication
b. precedents
c. proprietary
d. a breach of confidentiality
An investor deposits $50,000 in a money market accounts that pays 4%. How much money he will have at the end of 5 years. (Use the formula. Present your answer rounded to zero decimal places)
Investment, PV = $50000
Interest = 4%
Money at the end of 5 years = 50000 * (1+4%)^5 = $60833, if money is deposited at the beginning of the first year.
Money at the end of 5 years = 50000 * (1+4%)^4 = $58493, if money is deposited at the end of the first year.
How can a person expand a soap business
Answer: Networking is your best friend when it comes to personal businesses, make as many connections and friends as possible to either sell your products to, help you grow, facilitate other connections, be support, and whatever else you need people for. Once you're established you can work on marketings and potentially shipping soaps outside of your typical reach.
Explanation: