warren enterprises began operations during year 1. the company had the following events during year 1: the business issued $36,000 of common stock to its stockholders. the business purchased land for $28,000 cash. services were provided to customers for $32,000 cash. services were provided to customers for $21,000 on account. the company borrowed $32,000 from the bank. operating expenses of $28,000 were incurred and paid in cash. salary expense of $2,400 was accrued. a dividend of $20,000 was paid to the stockholders of warren enterprises. after closing, what is the balance of the retained earnings account as of december 31, year 1? multiple choice $22,600 $53,000 $21,000 $2,600

If a rival in the market offers the exact same smart phone that your business does with a $150 total value creation, your business has $150 in added value for the firm.

Given that the company has already generated $150 in value overall, the $150 in value added will be determined by the difference between the market entire revenue and the total costs incurred by the company. This means that the firm added value is not reliant on its competitors.

A firm is a business that engages in the commercial enterprise of buying and selling goods and/or services to customers with the market intention of turning a profit. As in "She runs a forex trading firm," the phrase is typically used interchangeably with "company" or "business" in the context of business.

A firm is any type of business that offers goods or services for sale, including corporations, limited liability companies, public limited companies, sole proprietorships, and partnerships.

Learn more about firm here

https://brainly.com/question/15306849

#SPJ4

Answer:

It is D

Explanation:

.

The perceived value of different product offers can be reasonably assessed by conducting surveys and experiments

Survey research is the process of gathering data by interviewing people face-to-face, on paper, over the phone, or online. One method of primary research, which is the collection of data directly from its source, is the administration of surveys.

Large-scale population-based data collecting has traditionally been a component of survey research. The main goal of this kind of survey research was to swiftly gather information describing the traits of a sizable sample of interesting people.

In-person interviews, telephone interviews, mail surveys, and online surveys are the four primary methods of conducting surveys. The decision is based on the researcher's objectives as well as the budget, much like with other survey design factors.

Surveys can be used to evaluate how accurately personal opinions and experiences are representative. When done effectively, surveys provide precise data about people's attitudes and actions that can be utilised to inform crucial decisions.

To learn more about conducting surveys visit:

https://brainly.com/question/5521489

#SPJ9

when making a decision using incremental analysis consider the resulting specifically from the decision volume that would occur regardless of the decision.

Incremental analysis  can be described as the decision-making technique  that is been utilized in the process of the business  which is been used in the expressing the true cost difference that can be found between alternatives.

It should be noted that this analysis can as well be described as the relevant cost approach as well as the  marginal analysis,  however this analysis is very essential in the process of the alternatives making and it is been used in the company as well as the organization that is needed to make a decision that can influence the growth as well as the progress of the company.

Therefore, the last option is correct because this techniques is been used in making decision out of the volume of the decisions that can be made.

Learn more about incremental analysis at:

https://brainly.com/question/17215395

#SPJ1

When faced with quota pressure, a salesperson with customer orientation would most likely explain the cons of the recommended product.

A business strategy known as "customer orientation" prioritizes the demands of the client over those of the company. Companies that prioritize their customers are aware that without continually increasing their customer focus, their firm will not succeed.

Cons are a drawback or justification for not acting: The higher operating expenses of a larger automobile are one of its drawbacks. Before making a choice, you must consider all the advantages and disadvantages of the situation.

To learn more about customer orientation

https://brainly.com/question/1124686

#SPJ4

Main Answer:

When faced with quota pressure, a salesperson with customer orientation would most likely practice the hard-sell approach.

Explanation:

The hard-sell approach will make the salesperson under quota pressure to use a direct and insisting language so that he can convince the customer to go for the product in a short span of time.

The correct option is b. practice the hard-sell approach. The remaining options are ruled out.

Learn more about this question here:

https://brainly.com/question/28827226

#SPJ4

Yes, "rationing" ensures that "everyone receives their fair share".

Rationing is the managed distribution of scarce resources, goods, services, or a synthetic restriction of demand. Rationing controls the size of the ration, that is one's allowed part of the sources being allotted on a selected day or at a specific time.

Rationing involved placing limits on purchasing certain high-demand gadgets. The authorities issued some of the “points” to every person, even babies, which needed to be turned in in conjunction with cash to purchase items made with restricted items.

Rationing often includes food and other necessities for which there may be a shortage, including materials for the conflict attempt such as rubber tires, leather-based shoes, apparel, and gasoline. Rationing food and water may be necessary throughout an emergency, along with a herbal disaster or terror attack.

Learn more about rationing here https://brainly.com/question/424735

#SPJ1

Answer:

The west should pursue policies that encourage economic growth and stability. Their options include:

1. Pursuing sound monetary policies that promote economic growth and stability.

2. Adopting pro-growth fiscal policies that help to increase government revenue and reduce government spending.

3. Promoting free trade and investment that allow for the efficient allocation of resources and the maximization of economic growth.

4. Pursuing policies that increase the flexibility of their economies and allow for a quick response to changing economic conditions.

5. Encouraging entrepreneurship and innovation that lead to new products and services and create jobs and economic growth.

Some consequences of inability of Gregory to pay off the credit card when the payment is due includes:

Basically, an emergency fund refers to a cash reserve that is set aside for unplanned expenses or financial emergencies. Some common use of an emergency fund includes to cater for car repairs, home repairs, medical bills, loss of income etc.

Generally, the emergency savings is used for unplanned bills or payments that are not part of your routine monthly expenses and spending. However, using a credit card for repairs is not a good idea especially when repayment is not in-sight.

Read more about emergency fund

brainly.com/question/13420184

#SPJ1

Based on the transaction analysis, the total amount of assets the company has at the end of the month is $76,000.

A transaction analysis helps to achieve the following book-keeping steps:

a) Cash $60,000 Common Stock $60,000

b) Cash $12,000 Bank Payable $12,000

c) Inventory $9,000 Cash $9,000

d) Cash $15,000 Sales Revenue $15,000

d) Cost of Goods Sold $9,000 Inventory $9,000

e) Advertising Expense $2,000 Cash $2,000

f) Equipment $8,000 Cash $8,000

           Assets                                     = Liabilities        +     Equity
      Cash     Inventory  Equipment = Bank Payable  + Common + Retained

                                                                                             Stock     Earnings

a)   $60,000                                                                    $60,000

b)      12,000                                           $12,000

c)      -9,000   $9,000

d)     15,000                                                                                       $15,000

d)                    -9,000                                                                          -9,000

e)    -2,000                                                                                          -2,000

f)     -8,000                     $8,000

Bal. $68,000  $0          $8,000           $12,000          $60,000   $4,000

Cash $68,000 ($60,000 + $12,000 - $9,000 + $15,000 - $2,000 - $8,000)

Inventory = $0 ($9,000 - $9,000)

Equipment = $8,000

Total assets = $76,000

Thus, performing transaction analysis and tabular analysis help to minimize accounting errors.

Learn more about transaction analysis at https://brainly.com/question/5421503

#SPJ1

Copyright law contains an exception known as Fair use, which provides for a limited set of circumstances where others can use portions of copyrighted material without first obtaining permission.

Copyright law is a type of intellectual property that protects an author's original work once the author modifies the work in a tangible form of expression.

An important purpose of copyright law is to "promote the advancement of science and the useful arts, that is, knowledge." Copyright law is an attempt to balance the public interest with the rights of individual authors/creators.

Copyright law is a legal term used to describe the rights an author has to literary and artistic work. Copyrighted works range from books, music, paintings, sculptures and films to his computer programs, databases, displays, maps and technical drawings.

Learn more about Copyright law https://brainly.com/question/27832510

#SPJ1

In addition to paying dividends of $3,680, the corporation may have bought back $7,480 worth of stock. The cash flow to investors for the entire year is then $11,160.

$3,680 was spent on dividends.

Own equity bought back equals $7,480

Dividends paid + Own equity repurchased - Net new equity issued = $3,680 + $7,480 - $0 = $11,160 in cashflow to stockholders for the year.

The net amount of money entering and leaving a business in the form of cash and cash equivalents is known as cash flow. The money received represents inflows, and the money spent investors represents outflows.

In the end, a company's ability to create value for shareholders is determined by its capacity to generate positive cash flows, or more precisely, by its capability to optimize long-term free cash flow (CFC). A company's free cash flow (FCF) is the cash it generates from its normal business operations after deducting any funds spent for capital expenditures (CapEx).

Cash flow is the inflow and outflow of funds inside a business.

Inflows of cash are a representation of outflows of cash, and vice versa.

The sources and expenditures of a company's investors money over time are shown in the cash flow statement, a particular kind of financial statement.

Learn more about Cash flow, here

https://brainly.com/question/28238360

#SPJ4

The cost of the car he can afford is $9,802.63.

Compound interest is the term used to describe interest that is earned on interest. This may be shown using simple math: if you have $100 and it earns 5% interest every year, you will have $105 at the end of the first year. At the end of the second year, you'll have $110.25.

In the above question:

Let x represent the cost of the car Kwame can afford.

Down payment = $2,500

The balance that needs to be financed is P = x - 2500.

The sum of the payments must match the monthly payments.

Payment in full over 4 years (48 months) is

A  = $185*48 = $8,880

The rate is r = 4.9% = 0.049.

The compounding interval is n = 12.

The time is t = 4  years.

The amount financed is P = $(x - 2500).

Therefore

(x - 2500)(1 + 0.049/12)⁴⁸ = 8880

1.216(x - 2500) = 8880

x - 2500 = 7302.63

x = 9802.63

Kwame can afford a car priced at $9,802.63.

Learn more about Compound interest: https://brainly.com/question/14295570

#SPJ9

If Bard opts for a work-study program, he will get a part time job. But first, Bard needs to check if hid college participates in the Federal work-study program.

The work-study program is a program that allows students in tertiary institutions to be able to work while studying in order to be able to finance their education.

The federal government offers a work-study program for certain universities where the student will have to work part-time and will have to maintain a certain grade. Bard needs to check if his university is one of such university where the federal government offers the program.

Find out more on Federal work-study programs at https://brainly.com/question/12497582

#SPJ1

It would take around 44 months or 3 years and 8 months for him to pay off the credit card assuming that he makes no additional charges.

A credit card is a small, rectangular piece of plastic or metal that is issued by a bank or other financial institution and enables its holder to borrow money to pay for goods and services at businesses that accept credit cards. Credit cards impose the requirement that cardholders repay the borrowed funds, plus any applicable interest and any additional agreed-upon charges, in full or over time, either by the billing date or at a later date.

Compared to other consumer loan types, credit cards typically have a higher annual percentage rate (APR).

Let the time taken be t for him to pay off the credit card then we have

$7,000 = $220{[1 − 1/(1 + .183/12)^t]/.183/12}

t = 43.87 months

Learn more about credit cards

https://brainly.com/question/26857829

#SPJ9

Based on the fact that the marketing manager decided to target households that had children aged 6 to 12, this meant that she converted information into an action recommendation.

An Action Recommendation refers to when a trend is noticed on data or information that is derived for a specific purpose, such as the sales trend described, and then this information is used to make decisions that either reverse the trend, or continue it and take advantage of it.

The sales trend information showed the marketing manager that there was a need to reverse it and so she used the data to make the Action Recommendation of targeting homes with children aged 6 to 12.

Find out more on Recommendations at https://brainly.com/question/11793514

#SPJ1

If the durham bulls examine the impact a change in ticket price has on attendance, the minor league baseball team would be using an example of quantitative data analysis.

Quantitative data analysis can be defined as the process in which data or information are analyzed and interpreted using numerical method.

Most researcher tend to make use of quantitative data analysis  method when they have want to convert the  data they collected  into a more structured data that will  inturn gives them the accurate result they want so as to draw a conclusion or reach a conclusion.

Based on the scenario it is advisable that the company makes use of what is called quantitative data analysis as this will enables them to known the imoact the change in ticket price has on attendance.

Therefore the company should make use of quantitative data analysis.

Learn more about Quantitative data analysis here: https://brainly.com/question/14919728

#SPJ1

How much money should you set aside for a 540-mile drive from Dallas, Texas, to El Paso, Texas, assuming your car gets 18 miles per gallon on average and your gas costs $1.91 on average $57. 00

Proceed at a slower pace and pay closer attention to your surroundings as you drive. You should get enough sleep the night before a lengthy travel, map out your route, and schedule rest stops every two to three hours.

Putting more space between you and the automobile in front of you can give you more time to spot hazards and take safe action. The National Safety Council advises a minimum following distance of three seconds. The three-second gap may be calculated rather quickly.

To Know more about average

https://brainly.com/question/24057012

#SPJ9

Option A. The incremental approach is the correct option.

The required details about budgeting approach is mentioned in below paragraph.

It's a pro-active strategy for managing your money. Budgeting allows you to plan for both short-term and long-term expenses by ensuring that you aren't spending more than you are earning. It's a simple, practical approach for people with different kinds of expenses and income to manage their money.

Companies often utilize one of four types of budgets: incremental, activity-based, value proposition-based, or zero-based. Each of these four budgeting techniques has benefits and drawbacks, which will be covered in greater detail in this article. Budgeting and Forecasting Course at CFI.

how a budget is created

The manager must first specify the target before creating a financial plan. The next stage is to compile and contrast data from the past and current. Then, depending on the information available, future revenue and expenses are anticipated. As a result, a practical plan is created. In the end, a thorough report is delivered to the senior executives.

To learn more about Budgeting approach, visit here

https://brainly.com/question/24940564

#SPJ4

The best choice for this major cash expenditure is allocation of expenditure properly to each requirement to each sect of the production.

Cash expenditures are applied when there is a chance of low revenue expenditure and loan debts. The major expenditures that incur in a company are paying the cash debts, and all the expenses of the firm.

In case of high revenue, the firm keeps the profit as the retained earnings which can be used further to renovate the lodge and vice versa the debts and important things are paid off.

To learn more about cash expenditure here,

https://brainly.com/question/11381503

#SPJ1

Burrus investment funds solicited clients for high-profit returns from a fictitious new internet business. Burrus employees paid off the early investors from new funds raised to cover the costs. this type of fraudulent crime is known as a Ponzi scheme.

A Ponzi scheme is a fraudulent investment scheme that entices investors with high rates of return and little risk. A Ponzi scheme is a fraudulent investment operation in which money is collected from later participants to pay returns to earlier investors. This is comparable to a pyramid scam in that both rely on new investors' money being used to reimburse the previous funders.

When the influx of new investors stops and there isn't enough money to go around, both Ponzi schemes and pyramid schemes finally hit their bottom. The plans then start to fall apart.

Learn more about investors here:

https://brainly.com/question/28538187

#SPJ4

We use demand to talk about the price and quantity of a single good . We use aggregate demand to describe the overall, or total, demand for all final goods and services produced in an economy.

Demand in economics refers to a consumer's willingness and desire to purchase goods and services at a specific price. A product or service's demand often declines as its price increases. A decrease in the price of a good or service will result in an increase in demand.

Demand is a term that both customers and organizations are well-versed in because it makes sense and naturally occurs throughout practically any day. Customers who are keeping an eye on particular things, for instance, might buy more of them when the prices are low. When anything happens that raises the price, such as a change in season, shoppers often buy fewer things or occasionally nothing at all.

to know more about demand check the link given below:

brainly.com/question/13320101

#SPJ9

In a letter made to Amy to advise her on whether she may claim a bad debt deduction for the current year, the best recommendation is that she can.

When can you claim a bad debt deduction?

According to IRS guidelines, a firm cannot claim a deduction for a bad debt if the debt has been judged completely worthless, which indicates that the remaining amount cannot be collected.

Amy has been told by the bankruptcy court that she can only receive $4,000 extra, which implies the remainder of the debt is worthless.

Amy can and should thus claim the bad debt as a tax deduction.

To learn more about bad debt tax deductions

https://brainly.com/question/26906622

#SPJ9

Any products where demand rises with rising income and declines with falling income but price doesn't change Ordinary Good. a product whose demand declines as consumer income increases inferior caliber.

What happens in the market for hot dog buns, a complementary commodity, when the price of hot dogs drops?

People purchase more hot dogs when their price drops. More hot dog buns are needed to produce hot dogs. Hot dog bun demand thus rises. The cost and availability of hot dog buns rise as a result.

When a product is subpar, what happens to customer income as a result?

Increases in income will cause a fall in demand for inferior goods, whereas decreases in income will cause an increase.

What would happen financially if the product was subpar?

Income effect is beneficial for normal goods while it is negative for inferior items.

To learn more about income from the given link.

https://brainly.com/question/26316390

#SPJ9

Gambling winnings are fully taxable, and the Internal Revenue Service (IRS) has ways of ensuring that it gets its share. And it's not just casino gambling only.

A little less than 40% of American adults visit a casino each year, whether it is in Atlantic City, New Jersey, Las Vegas, Nevada, or any of the other locations in between. Internet casinos are also popular revenue. A select group of people are wealthy. Unfortunately, you do not get to keep all of your winnings if you gamble big Gambling gains are completely taxable, and the Internal Revenue Service (IRS) has procedures in place to make sure it receives its fair share.

There are other forms of gambling as well. As well as these, winnings from lotteries, horse races, off-track betting, sweepstakes, and game shows are subject to taxation revenue. If it helps, if you itemize your deductions, gambling losses are deductible.

learn more about gambling here:

https://brainly.com/question/12020375

#SPJ4

The question was incomplete. Check below the full question.

complimentary goods and services (""comps "") given by a casino to a gambler to encourage him to keep gambling at the c document title:¶ j-6008 amount received can be treated as nontaxable gifts only if payor intended to make a gift. A tax on activities like gambling is an example of the severance tax. checkpoint source:federal tax coordinator analysis (ria) © 2022 thomson reuters/tax

For Drake Corporation Average Cost per Unit of Direct materials $6.70 Direct labor $3.10 Variable manufacturing overhead $1.75. One more unit will cost $11.55 ($6.70+3.10+1.75).

The total amount of product costs incurred to make 4,800 units will be calculated as:

Direct materials = 4800 x 6.70 = 32,160

Add: Direct labor= 4800 x 3.10 = 14880

Add: Variable manufacturing overhead = 4800 x 1.75 = 8400

Therefore, the Total product cost will be:

= 32160+ 14880 + 8400

= $55,440

Total product cost for 4800 units will be = $55,440

Average costs per unit units will be = $55,440/4800

=$11.55

Learn more about Average Cost here:

https://brainly.com/question/14299580

#SPJ4

The statement is false.

The required details about organizational climate is mentioned in below paragraph.

An employee's long-term perception of the workplace and company culture is referred to as the organizational climate. Climate can be compared to personality in that each organization has a distinct climate, just as each person has a distinct personality. An assortment of traits and qualities that employees perceive as being present represent this. These have an impact on how individuals behave at work in a variety of ways, including relationships, autonomy, and organizational structure.

The link that employees have with their company is strengthened when there is a favorable work environment.

Climate is not produced overnight; rather, it develops and is influenced through time as a result of a variety of interactions and experiences.

To learn about Organizational climate, visit here

https://brainly.com/question/17229294

#SPJ4

To take into consideration the time value of money, future cash flows are discounted using the needed rate of return.

The minimal profit (return) an investor will seek or expect in exchange for taking on the risk of investing in a stock or other type of security is known as the required rate of return (RRR). RRR can also be used to determine a project's potential profitability in relation to its funding costs.

To take into consideration the time value of money, future cash flows are discounted using the needed rate of return. A dollar can be used to generate a return, so it is worth more today than it will be tomorrow.

When evaluating an investment, RRR is a crucial notion since it indicates if the investment will be lucrative or not. Additionally, the RRR projects the number of risks that a project or investment implies; the higher the RRR, the greater the risk.

To learn more about required rate of return refer to:

https://brainly.com/question/24301559

#SPJ9

A bank loaned out ​$17000​, part of it at the rate of 7 % per year and the rest at 15 % per year. If the interest received in one year totaled ​$2000​, Hence, $6875 was loaned at 7 %.

Let x be the amount loaned at 7%, in dollars

Then the amount loaned at 15% is the rest (17000 - x)  dollars.

The interest yielded at 7% is  0.07x  dollars.

The interest yielded at 15% is 0.15 × (17000 - x)  dollars.

Your equation is

   ⇒ interest + interest      = total interest,     or

   ⇒ 0.07x    + 0.15 (17000 - x) = 2000 dollars.

Simplify and solve for x

   ⇒ 0.07x + 0.15 × 17000 - 0.15 x = 2000

  ⇒ x = [tex]\frac{200-0.15(17000)}{0.07-0.15}[/tex] = 6875 dollars.

The amount loaned at 7%  is  $6875.

Learn more about Interest, here

https://brainly.com/question/13324776

#SPJ4