Aggregate expenditures must have increased by $80 billion. It is because the marginal propensity to consume is 0.80.
Aggregate expenditures can be defined as the sum of all the expenditures undertaken in the economy by the factors during a specific time period. The formula for aggregate expenditures is AE = C + I + G + NX, where (C) is equals to consumptions, (I) is equals to investments, (G) is equals to government spending, and (NX) is equals to net exports.
The marginal propensity to consume or also known as MPC is simply identified as the proportion of an aggregate raise in pay that a consumer spends on the consumption of services and goods, as opposed to saving it.
Marginal propensity = consumption function / change in disposable income
0,8 = consumption function / $100,000,000
Consumption function = $80,000,000 = $80 billion
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which provide a standard format for displaying project schedule information by listing project activities and their corresponding start and finish dates in a calendar format?
Gnatt chart provides a standard format for displaying project schedule information by listing project activities and their corresponding start and finishes dates in a calendar format.
What is information?Information is the act or time when data is gathered and is either filtered through another person's eyes or is taken directly by the individual. It is information or news that can be employed for a variety of purposes.
The statistics pertaining to the project as well as other related processes is presented in the shape of a bar chart. The calendar presentation is the result of both the Gnatt chart's bar-plotting process.
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as the human resources director for your company, you must give a presentation to the company owners about the staff demographics in each of your company's two locations. what organizational pattern would be best for you to present your data?
Geography/space organizational pattern will be best to present your data
The Human Resource Director will plan, lead, direct, develop, and coordinate the Human Resource (HR) department's policies, activities, and staff, ensuring legal compliance and the implementation of the organization's mission and talent strategy.
Human resource directors must be well-versed in employment laws and regulations. A college degree and years of experience on the job are required, as well as excellent communication and leadership skills, astute decision making, organizational aptitude, and assertiveness.
Ethical behavior is one of the most important characteristics of an HR director. Many people believe that an HR director should have a high level of general intelligence as well as technological literacy.
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consider a specific example of the special-interest effect. in 2012, it was estimated that the total value of all corn-production subsidies in the united states was about $3 billion. the population of the united states was approximately 300 million people that year.
special-interest effect. in 2012, it was estimated that the total value of all corn-production subsidies in the US was about $3 billion. the population of the united states was approximately 300 million people that year 10 (3 billion /300 million).
The US Census Bureau estimates that there were around 7.5 billion people on Earth in 2019 and that the 7 billion mark was crossed on March 12, 2012. In October 2011, the United Nations estimated that there were over seven billion people on Earth. This milestone presents both unprecedented problems and potential for all of mankind, according to UNFPA. The US Census Bureau reports that on February 24, 2006, the world population reached 6.5 billion. The approximate day when the world population surpassed 6 billion user was set as 12 October 1999 by the United Nations Population Fund.
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office depot knows that maintenance and repair services offered by the manufacturer are important to buyers of copy machines. if the copier does not function correctly, the office depot customer wants to be sure that it can be fixed or replaced at no extra charge and in a timely, convenient manner. in this case, the product can best be classified as .
The product can be classified as a combination of the product and the service.
The combination of a product and a service can be defined as a product-service hybrid. The combination of product and service also known as service product, also can be defined as a business offers a service and a product or a good together as its practice. The combination of product and service is also called service-good mix, and it can refer to many different types of businesses in all different industries.
There are 4 types of service-good mix, such as:
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In designing a bonus structure to reward your production managers, one of the options is to reward the managers based on reaching annual income targets. What are the differences between a reward system for a company that uses absorption costing and one for a company that uses variable costing?
In a reward system for a company that uses absorption costing and bonuses will be based on production, while in variable costing it will be based on sales.
What is a rewards system?It is an organizational strategy to provide a bonus structure for employees who achieve certain goals and objectives stipulated in a period of time, being an instrument of motivation for employees to commit to their tasks.
Therefore, absorption and variable costing methods will impact the organizational reward system by the scope of the company's expected results.
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Choose one of the scenarios below and write a three-paragraph essay describing
its effect on prices for food, housing, and oil. Remember that the future is always
uncertain, so there's no right answer. Make your best guess as to what might
happen in each case based on the economic concepts you've learned so far. Pay
particular attention to how consumer demand would change and how the event
would affect production costs and the business cycle. (30 points)
a. The president signs a free-trade agreement between the United States and
Brazil.
b. The Federal Reserve chairman says that the central bank will raise interest
rates.
c. The Environmental Protection Agency relaxes environmental rules on timber
production.
Since there is no clear-cut right or wrong response, it is best to choose the opposing side. In my opinion, investors have a net positive impact on the businesses they invest in. Investments inevitably lead to expansion and growth, which is always at least one of the key objectives of every successful business.
What is a free-trade agreement?According to international law, a free-trade agreement or treaty establishes a free-trade zone between collaborating governments. Bilateral and multilateral trade agreements are the two different sorts.FTAs are agreements between two or more countries that have as their goals the reduction or elimination of particular trade and investment barriers and the promotion of closer economic links between the parties. Today's famous example of free trade is the European Union. The member nations effectively operate as a single, borderless entity for trade purposes, and the majority of these nations' adoption of the euro makes things even simpler. Free trade agreements don't just reduce and eliminate tariffs, they also help address behind-the-border barriers that would otherwise impede the flow of goods and services; encourage investment; and improve the rules affecting such issues as intellectual property, e-commerce and government procurement.To know more about free-trade agreement refer to:
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if jack refinished his basement himself, the value of his work group of answer choices is included in gross domestic product (gdp). is included in the next year's gross domestic product (gdp). is only included in gross domestic product (gdp) if he uses u.s. made components. is not included in gross domestic product (gdp).
if Jack refinished his basement himself, the value of his work is not included in gross domestic product (gdp).
What is the gross domestic product?This is the term that is used to refer to the total amount of the goods and services that are created in a given nation or economy at an annual basis or at the period of one year.
The reason why this is not a part of the GDP is due to the fact that no one was paid for the job that was done. The question tells us that he did the services tgat he needed by himself.
GDP has to do with the total amount of all of the finished goods and services in a society. But these can only be calculated if payments were made for the services that have been rendered.
Hence we would say that that work that has been done here by Jack is not one that would have to be put in the Gross domestic product of a nation because he did the work himself.
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a firm has redesigned its production process so that it now takes 10 hours for a unit to be made. using the old process, it took 15 hours to make a unit.
It now takes a company 10 hours to produce a single item after redesigning its production method. A unit was made in 15 hours using the previous method. $7500 less work is now being done.
Musical Company features music and lyrics by Stephen Sondheim with a story by George Furth. A record-breaking 14 Tony Awards were nominated for and six were given to the original 1970 staging. Company was written in a non-chronological, linear fashion. In order to create something for consumption, the process of production entails mixing a variety of immaterial (plans, knowledge) and material inputs (output). The act of producing a good or service that has value and improves people's utility is known as production. Production refers to the act of manufacturing, gathering, or creating something, as well as the volume of something that was manufactured or gathered.
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Stock Y has a beta of 1.45 and an expected return of 16.3 percent. Stock Z has a beta of .90 and an expected return of 12.6 percent. What would the risk-free rate have to be for the two stocks to be correctly priced relative to each other?
Answer:
risk free rate= 6.55%
Explanation:
expected return= risk-free rate +Beta*(Market rate- risk-free rate )
Stock Y
16.3=Rf+1.45(Rm-Rf)
16.3=1.45Rm-0.45Rf
Rm=(16.3+0.45Rf)/1.45
Stock Z
12.6=Rf+0.9*(Rm-Rf)
12.6=0.9Rm+0.1Rf
12.6=0.9(16.3+0.45Rf)/1.45+0.1Rf
risk free rate=(12.6-10.11724138)/(0.279310344+0.1)
risk free rate= 6.55%
you have created a customer journey that does the following: sends an email regarding a country/region-specific promotional offer. creates a phone call activity and sends a text message to the contact. which set of actions should you take to activate your customer journey?
You should follow these instructions to add a segment tile, an email tile, a trigger tile, a scheduler tile, and an SMS text tile in order to activate your customer journey.
The status of the journey displays the draught reason when you first create a new customer journey and while you are working on it. The tour is dormant and won't try to send any messages or carry out any other processing while it's still in draught mode.
You light it up when everything is set up and you're ready to leave. As soon as the set start date occurs, the trip will begin processing all contacts in its target segment because this updates the status reason for the trip to be alive.
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What is TRUE about non-depository financial institutions?
A.
They do not offer other types of accounts, such as savings and checking accounts.
B.
Traditionally, they focused on providing loans and other money management services.
C.
They are all federally insured.
D.
They include commercial banks and credit unions.
The truth that can be said about the non depository institutions is that They include commercial banks and credit unions.
What are non-depository financial institutions?This is the term that is sued to refer to the financial institutions that are not known to accept deposits of any forms from the customers that they have/.
These are the types of institutions that are known to perform other forms of financial services to their customers. But when it comes to taking deposits they are not to function in such an aspect.
Hence we would say that the institutions are made up of the commercial banks and they also involve the credit unions.
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freda is speaking to a group of college students about investing. "it is the time to get an ira when you reach an aae of $30,000." a. this is effective because she will appear knowledgeable b. this is effective because these are terms used in that field. c. this is ineffective because of the principle of appropriateness to audience. d. this is ineffective because college students do not like acronyms.
Since Freda is speaking to a group of college students about investing. "It is the time to get an IRA when you reach an AAE of $30,000. this talk is option c: This is ineffective because of the principle of appropriateness to audience.
What is appropriateness of assessment methods?In regards to assessment techniques, a tool's appropriateness for the type of topic utilized as the learning target is determined by the assessment's appropriateness.
When considering language use, appropriateness is one of the first ideas a speaker needs to consider. When we say that a language is appropriate, we mean that it is appropriate or appropriate for the speaker, the listeners, the situation in which we are speaking, and the speech itself.
Hence, We must concentrate on the manner in which we communicate with strangers if we want successful conversation to happen, mostly In all situations.
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alexandra's boutique has the following transactions related to its top-selling gucci purse for the month of october. alexandra's boutique uses a periodic inventory system. date transactions units unit cost total cost october 1 beginning inventory 6 $750 $4,500 october 4 sale 4 october 10 purchase 5 760 3,800 october 13 sale 3 october 20 purchase 4 770 3,080 october 28 sale 7 october 30 purchase 6 780 4,680 $16,060
Using the specific identification method the ending inventory is $5,430, while the cost of goods sold is $10,630.
What is the specific identification method?The specific identification method is an inventory costing technique that tracks the particular inventory sold and differentiates them from the ending inventory.
This method assigns the cost of goods sold based on their specific unit costs and does the same for the ending inventory.
How is the cost of goods sold determined?The cost of goods sold is the difference between the total cost of goods available for sale and the cost of the ending inventory, especially under the periodic inventory system.
Date Transactions Units Unit Cost Total Cost
October 1 beginning inventory 6 $750 $4,500
October 4 sale -4
October 10 purchase 5 760 3,800
October 13 sale -3
October 20 purchase 4 770 3,080
October 28 sale -7
October 30 purchase 6 780 4,680
Total 21 -14 $16,060
Ending Inventory 7 units (21 - 14)
Beginning inventory 1 x $750 = $750
October 30 purchase 6 x $780 = $4,680
Total ending inventory = $5,430
Cost of goods sold = Cost of goods available for sale - Cost of Ending Inventory
= $10,630 ($16,060 - $5,430)
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Question Completion:Required: 1. Calculate ending inventory and cost of goods sold at October 31, using the specific identification method.
The October 4 sale consists of 4 purses from the beginning inventory.
The October 13 sale consists of one purse from the beginning Inventory and two purses from the October 10 purchase.
The October 28 sale consists of three purses from the October 10 purchase and four purses from the October 20 purchase.
marvin formerly operated a lawn care company for 15 years. now, he has an abundance of underutilized resources, including industrial lawnmowers and weeding equipment. he decides to start a new business that rents out these resources for an hourly rate. this is an example of the
Business thar Marvin does is the example of the sharing economy.
The collaborative consumption or peer-to-peer-based sharing also known as sharing economy can be defined as a concept that highlights the ability and perhaps the preference of individuals to rent or borrow goods rather than buy and own them. The sharing economy also can be defined as a socio-economic system built around the sharing of resources in the capitalism. The socio-economic system often involves a way of services and purchasing goods that differs from the traditional business model of companies hiring employees to produce products to sell to consumers.
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Karan manages a law firm that deals with the mergers and acquisitions of various businesses. to maintain the confidentiality of such deals, karan has initiated a monitoring process to review the emails and social network activity of the employees in his office. which best practice should karan adopt while enforcing this monitoring protocol
The best practice that Karan should adopt while enforcing protocol is : disclose to the employees that their emails will be monitored
Option D is correct .
To cover the social network conditioning of the workers of a company is walking the line of ethics so there's a way to determine what must be the stylish practice keeping in line with the working culture of the company.
The people working there must be informed that their exertion will be covered so they've an understanding that it'll be done.
After this one must perform checks either arbitrarily or on the base of who seems further secure and who less.
Why social networking is important?It allows people to partake information. Social networks also help grease the spread of information. This can be information about original or public news, products or services, certain businesses, laws and government conduct or simply information about musketeers and family members
What's a monitoring protocol?
Monitoring protocols validate what, why, and how the network is covering certain vital signs. They correspond of a protocol narrative and associated set of standard operating procedures( bribes)
Question is incomplete , the missing options are given below :
Which best practice should Karan adopt while enforcing this monitoring protocol?
A. enlist an external agency to keep an eye on personal visits of emp
B. split the employees into groups based on their trustworthiness
C. perform arbitrary checks on select employees from the office
D. disclose to the employees that their emails will be monitored
E. hire a person to spy on the employees in the office
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What type of analytics recommends one or more courses of action, identifies the likely outcome of each decision, and quantifies the effect of future decisions in order to advise on possible outcomes before the decisions are actually made?.
Prior to making judgments, prescriptive analytics offers advice on potential outcomes, identifies the likely result of each choice, and measures the effect of upcoming choices.
In contrast to descriptive and predictive models, prescriptive analytics makes recommendations for one or more actions and forecasts the expected results of each choice. In order to provide guidance on prospective outcomes before decisions are taken, prescriptive analytics aims to quantify the influence of future decisions.
When BI cannot provide an answer, predictive analytics can. Predictive analytics offers better suggestions and more forward-looking responses. By utilizing multiple statistical and machine learning techniques, predictive analytics may estimate the chance of a future result.
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last week, nalani had to fire logan from his entry-level logistics analyst position. nalani felt that logan did not receive proper training at northernmost university. when laila, also a graduate of northernmost university, applied for logan’s old position, nalani did not want to consider hiring her, feeling laila also probably did not receive the proper training. nalani was affected by bias.
Representativeness is the last week, nalani had to fire logan from his entry-level logistics analyst position. Hence, option D is correct.
What is meant by Representativeness?Representing someone else. A adopting a position of power on their behalf. of, based on, or made up of a system of governance where representatives are chosen from among the people, usually by elections.
The representativeness heuristic is a method we use to cognitively assess probability. We frequently rely our assessment of the possibility of an event on how much it resembles an existing mental template.
Thus, option D is correct.
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The options are missing
a) Training
b) Blind
c) Confirmation
d) Representativeness
utilitariansm is described as a cost benefit analysis that is often used in making business decisions. john rawls wanted to add and incorporate a sense of justice to try to achieve fairness for all. his theory includes all the followiing except?
Utilitarianism says that the proper motion is the only that produces the pleasant effects overall, and cost-advantage analysis prescribes that amongst a hard and fast of possible alternatives, one must pick the opportunity that maximizes internet blessings or minimizes internet costs.
The required details for Utilitarianism in given paragraph
Utilitarianism is a idea of morality that advocates movements that foster happiness and oppose movements that reason disappointment. Utilitarianism promotes "the finest quantity of appropriate for the finest wide variety of people." utilitarianism is a own circle of relatives of normative moral theories that prescribe movements that maximize happiness and well being for all affected individuals.
Although distinct forms of utilitarianism admit distinct characterizations, the fundamental concept at the back of they all is, in a few sense, to maximize utility, that is regularly described in phrases of well being or associated concepts.
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choose the threat that is not a barrier to entry. a. rivals fight against new entrants. b. several entry barriers exist simultaneously. c. incumbents ignore the new entrant. d. industry profits erode
The threat that is not a barrier to entry is incumbents ignore the new entrant.
The potential threat of entry The competitive climate Porter established has an impact on current rivals and has an impact on how profitable it is for current businesses. For instance, if there is a high danger of entrance, new rivals will probably be drawn to the industry's earnings and will find it easy to enter. Existing rivals may see changes in product quality or price levels as a result of new competitors entering the market, which might threaten or reduce their market share and profitability. In the graphic design sector, where entry barriers are extremely low, Porter's danger of new entrants is demonstrated. Factors that prevent new businesses from entering a market are referred to as barriers to entry. Existing businesses do not have any entrance barriers when they ignore the entry of new businesses.
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which term refers to the process of initiating a project, making a plan, executing and completing tasks, and closing a project?
Project life cycle refers to the process of initiating a project, making a plan, executing and completing tasks, and closing a project.
The project management lifecycle is divided into four stages: planning, execution, and closure. The project life cycle is simply a fancy way to describe the lifespan of a project. It explains the high-level process of project delivery and the stages you take to get things done. That's how projects happen; how project phases guide a team from brief to delivery. Every project has a beginning and an end; it is founded, matures, and then "eventually die" at the end of the project life cycle.
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What career information can be found in the Occupational Outlook Handbook? Check all that apply.
a monopolistically competitive company assembles and installs solar panels it imports at $10 per unit. all remaining costs of the company, denoted rc, is given by the following (as a function of per unit solar panel):
The optimal production level Q* and the profit of at Q* are $290 and $715.
The moment at which manufacturing any more units would drive up the cost of production per unit is when the firm reaches its optimal production level. In other words, higher output leads to higher variable and fixed expenses.
Total cost for a typical firm is RC = 1000 + 10Q + 5Q^2. Each firm in the market equates MC withMR
MC is 10 + 10Q and MR is 500 - 60Q. Find Q
500 - 60Q = 10 + 10Q
490 = 70Q
Optimal production level Q* = 7 and price P* = 500 - 30×7 = $290.
The profit for a typical firm is Revenue - cost
= 7×290 - (1000 + 10×7 + 5×(7²)) = $715
When imports are charged a tariff of 30%, the new price for import is $10 + $10×30% = $13 per Q.Total cost now is RC New = 1000 + 13Q + 5Q².
MC is 13 + 10Q and MR is 500 - 60Q. Find Q*
500 - 60Q = 13 + 10Q
487 = 70Q
Optimal production level Q* = 6.957 and price P* = 500 - 30×6.95
= $291.29.
The profit for a typical firm is Revenue - cost
= 6.957×291.29 - (1000 + 10×6.957 + 5×(6.957²)) = $715 (approx.)
The tariff has no impact on the profit levels because the profits are unchanged.
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longer maturity bonds have high price risk but low reinvestment risk, while higher coupon bonds have a higher level of reinvestment risk and a lower level of price risk. to account for the effects related to both a bond's maturity and coupon, many analysts focus on a measure called -select- , which is the weighted average of the time it takes to receive each of the bond's cash flows.
When evaluating the risk of a bond Price risk is the chance that rising interest rates will lower a bond's value.
Compared to bonds that will mature soon, this risk is greater for bonds with extended maturities. Reinvestment risk is the possibility that falling interest rates would result in lower income from a portfolio of bonds.
On callable bonds, this risk is undoubtedly considerable. It is also high for short-term bonds since there are fewer years before the comparatively high old-coupon bonds are replaced with new low-coupon issues the shorter the bond's maturity.
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a target audience is select one or more: a. a particular group that has similar attributes at which advertising is aimed due to a high propensity to purchase. b. the group that the competition targets exclusively. c. those people who hear or see an advertisement, regardless of their willingness to purchase. d. the competitor's existing customers only.
A target audience is select one or more: a. a particular group that has similar attributes at which advertising is aimed due to a high propensity to purchase and d. the competitor's existing customers only.
An target audience is a set of folks who participate in a display or stumble upon a work of art, literature, theatre, track, video video games, or academics in any medium. target market individuals participate in extraordinary ways in distinct forms of artwork.
An audience is a set of folks who take part in an event. as an example, folks who go to an e-sports activities occasion to watch others play a sport are a part of an audience. The photo is an instance of heaps of humans gathered into a crowd at an area to watch an e-sports event.
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2. the following information relates to clyde corporation which produced and sold 50,000 units last month. there were no beginning or ending inventories. production and sales next month are expected to be 40,000 units. the company's unit contribution margin next month should be: a. $16.63 b. $3.10 c. $7.98 d. $13.30
According to the given information, The company's unit contribution margin next month should be $13.30.
Selling price per unit ($850,000/50,000) $ 17.00Less: Variable manufacturing cost ($140,000/50,000) $ 2.80Less: Variable selling and administrative expense
($45,000/50,000) $ 0.90
Contribution margin per unit $ 13.30You can provide the contribution margin as a gross or per-unit figure. After removing the variable element of the company's expenditures, it indicates the additional revenue made for each product or unit sold.By subtracting the variable cost per unit from the selling price per unit, the contribution margin is calculated. The metric, which is often referred to as dollar contribution per unit, shows how much a certain product adds to the company's overall profit.It offers a means of illustrating the profit potential of a certain item or service a business offers, as well as the percentage of revenue that goes toward paying the business' fixed expenses. Profit is defined as whatever income that remains after paying fixed costs.Learn more about Contribution margin, here
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Quon decides to sell his antique roadster, so he places an ad on craigslist. He lists the roadster as a 1957 mercedes benz 300sl roadster, describes it as in good working condition, and states that no reasonable price will be refused. Fern responds to the ad and offers to pay $25,000 to quon for the car, which quon agrees to. In this scenario, who is the offeror?.
Despite that Quon placed an ad on craigslist about his decision to sell his antique roadster, Fem is seen as the offeror because he responds to the ad and offers to pay $25,000 to Quon for the car.
What is an Offer?In law, an offer is defined as an expression of willingness to contract on certain terms which is made with an intention that it shall become binding as soon as it is accepted by the person to whom it is addressed known as the offeree.
In essence, the offer means the statement of the terms on which the offeror is willing to be bound and it is a present contractual intent to be bound by a contract with definite and certain terms communicated to the offeree.
In conclusion, an expression of offer may take different forms and which form is acceptable varies by jurisdiction. Some may be presented in a letter, newspaper advertisement, fax, email verbally conduct etc as long as these medium communicates the basis on which the offeror is prepared to contract.
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Solve for w
37=w/5+14
Answer: W = 115
Explanation:
if caterpillar wished to reach the market in malaysia but was leery of a direct investment in the country, it might provide a malaysian operation with the knowledge to produce and market its products in exchange for a commission. this type of arrangement is called
if caterpillar wished to reach the market in Malaysia but was leery of a direct investment in the country, it might provide a Malaysian operation with the knowledge to produce and market its products in exchange for a commission. this type of arrangement is called licensing.
Malaysia is rustic in Southeast Asia. The federal constitutional monarchy includes thirteen states and three federal territories, separated by means of the South China Sea into two regions, Peninsular Malaysia and Borneo's East Malaysia. Peninsular Malaysia stocks a land and maritime border with Thailand and maritime borders with Singapore, Vietnam, and Indonesia. East Malaysia stocks land and maritime borders with Brunei and Indonesia and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the countrywide capital, the largest metropolis, and the seat of the legislative branch of the federal government. The nearby deliberate capital of Putrajaya is the administrative capital, which represents the seat of both the executive department (cupboard, federal ministries, and groups) and the judicial department of the federal authorities.
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choose the appropriate accounts to complete the company's balance sheet. make sure to select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. (amounts to be deducted should be entered in minus sign.)
The balances in those accounts are filled in using the adjusted trial balance for the relevant accounts to complete the balance sheet for the company.
A balance sheet is a financial statement that lists the assets, liabilities, and shareholder equity of a corporation at a certain point in time. Balance sheets serve as the foundation for calculating investor return rates and assessing a company's trial balance financial structure.
The balance sheet, or statement of financial position, is a summary of the assets and liabilities of a corporation as well as the amount of shareholder investment. To do fundamental analysis or determine financial ratios, balance sheets can be utilized alongside other trial balance significant financial accounts.
Date Account title Debit credit
Jan 31,2021
12 Service revenue [51100+88400] 139500
Interest revenue 100
Income summary 139600
[Being revenue account closed]
13 Income summary 87820
Salaries expense (33000+35100) 68100
Supplies expense 3350
Utilities expense 15300
Bad debt expense 1070
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The complete question is
The following information is available on January 31, 2018.
Depreciation on the equipment for the month of January is calculated using the straight-line method.
At the end of January, $4,900 of accounts receivable are past due, and the company estimates that 50% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 3% will not be collected. The note receivable of $34,800 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts.
Accrued interest revenue on notes receivable for January.
Unpaid salaries at the end of January are $34,500.
Accrued income taxes at the end of January are $10,900
Choose the appropriate accounts to complete the company's income statement. Select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance.
TNT Fireworks
Multiple-Step Income Statement
For the year ended January 31, 2018
Gross profit $0
Total operating expenses 0
Operating income 0
0
$0
Zantano Corporation sells $1,000 worth of goods on June 25 on credit. The customer sends the company a check on August 15. The customer receives the goods on September first. Assuming the company uses accrual accounting, the sale will be recorded in _____.
Assuming the company uses accrual accounting, the sale will be recorded in June 25. Accrual accounting is the practice of a company registering a financial transaction at the moment of the sale rather than when the money actually enters the bank account.
By using this strategy, the company is able to include all sales, both cash and credit, in that month's data, which provides a fuller view of the company's financial account situation. A journal entry called an adjusting journal entry is used to include accrued revenue in the financial accounts. Accrued revenue is deducted from an Accrual accounting by the accountant and then credited with the amount of collected income.
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