Business

Budgeting for needsSelect the items that are needs from your credit card statement Last MonthGroceries $200Movie rentals $15Concert Tickets $120Internet Services $60Fitness Class $35Go-Kart racing $50I've tried so many combinations and none of them work. I assume groceries is 100% one of the options. Can't seem to find the others.
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Sanders Corporation has the following shares outstanding: 8,000 shares of $50 par value, six percent preferred stock and 50,000 shares of $1 par value common stock. The company has $328,000 of retained earnings. At year-end, the company declares its regular $3 per share cash dividend on the preferred stock and a $2.2 per share cash dividend on the common stock. Three weeks later, the company pays the dividends.a. Prepare the journal entry for the declaration of the cash dividends.b. Prepare the journal entry for the payment of the cash dividends.
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Elmhurst Corporation is considering changes to its responsibility accounting system. Which of the following statements is/are correct for a responsibility accounting system? I. In a cost center, managers are responsible for controlling costs but not revenue. II. The idea behind responsibility accounting is that a manager should be held responsible for those items that the manager can control to a significant extent. III. To be effective, a good responsibility accounting system must help managers to plan and to control. IV. Costs that are allocated to a responsibility center are normally controllable by the responsibility center manager.
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Tom is the aerobics coordinator at a fitness center. He needs a more efficient way for his instructors to share information. Class schedules are updated on a regular basis. Instructors need to indicate when they cannot teach a class and other instructors need to be able to sign up to cover the class. Instructors also often attend training classes and learn new procedures. Having a place to share their learning and update procedures will benefit them and their clients. Cindy is taking a business class and told Tom about a great tool that will serve their needs. What was the technology tool Cindy told Tom about
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A loan made to the government that pays a fixed amount of interest at acertain time is aA. savings accountB. bondC. stockD. hedge fund
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pls can someone buy me the upgrade i beg youuu :(
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Type the correct answer in the box. Spell all words correctly.Why is the cost of goods sold account part of a trading business only?The cost of goods sold account is part of a trading business, but not seen in the income statement of a service business. This is because in aservice business, nogoods are sold to the consumers.
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Which is considered a tertiary source?A.) A Wikipedia articleB.) An autobiographyC.) A government recordD.) A journal entry
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What do we call an item that is essential for survival in economics? A Needs B WantsC scarcity D opportunity cost
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Read the scenario and answer the following questions:Maria works for a toy manufacturer and is responding to the claim of a disgruntled customer. The customer is upset because the Interactive toy he purchased for his child stopped working the day of the purchase. The customer tried replacing the batteries, but that would not fix the problem. Maria knows that there have been issues with this product, and she decides to write an adjustment message. Which of the following sentences would be appropriate for Maria to include in her adjustment message? a. I wasn't personally responsible for the defect, but I'll see what I can do. b. Perhaps your child did something to the toy to cause it to stop working. c. You can use the enclosed voucher to purchase a new product of your choice. d. I promise this will never happen again.
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Mount Snow Inc. operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. Investors would like to earn a 15% return on the company's $115 million of assets. The company incurs primarily fixed costs to groom the runs and operate the lifts. Mount Snow projects fixed costs to be $43,500,000 for the ski season. The resort serves 900,000 skiers and snowboarders each season. Variable costs are $10 per guest. The resort had such a favorable reputation among skiers and snowboarders that it had some control over the lift ticket prices. Assume that Mount Snow's reputation has diminished and other resorts in the vicinity are charging only $66 per lift ticket. Mount Snow has become a price-taker and won't be able to charge more than its competitors. At the market price, Mount Snow's managers believe they will still serve 900,000 skiers and snowboarders each season.Requried:a. Would Mount Snow emphasize target costing or cost-plus pricing. Why?b. If other resorts in the area charge $66 per day, what price should Mount Snow charge?
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Lester sold a warehouse with an original cost of $150,000 for $230,000. The warehouse had accumulated depreciation of $40,000. The recognized gain on the sale was $ . The amount of the gain that is unrecaptured Section 1250 gain is $ and will be taxed at a maximum rate of percent. The remaining $ will be taxed at a maximum rate of 20%.
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How do businesses compete for customers?
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Joint products A and B emerge from common processing that costs $116,000 and yields 4,000 units of Product A and 2,800 units of Product B. Product A can be sold for $280 per unit. Product B can be sold for $100 per unit. How much of the joint cost will be assigned to Product A if joint costs are allocated on the basis of relative sales values
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Your company manufactures riding lawn mowers.One of your customers,Marie,writes a claim,demanding a compensation for her faulty mower.On examining the faulty product,a service executive in your company discovers that someone dismantled the mower and attempted to fix it.Which of the following statements is the best way to phrase your refusal of Marie's claim for adjustment?A) Our contract,which you signed,clearly absolves us of any liability in this case.B) If you read our contract,you would know that we are not liable to pay compensation in such cases.C) Paragraph 2 of our contract clearly shows that your claim is without foundation.D) As stated in our contract,we are liable to pay compensation only when our personnel repair the equipment.E) Your attempt to repair the lawn mower on your own has rendered the product warranty void.
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Why do corporations, companies, and government agencies use formal application forms?
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how can exchange rates change to reduce the wage differential between countries
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Calistoga Produce estimates bad debt expense at 0.50% of credit sales. The company reported accounts receivable and allowance for uncollectible accounts of $476,000 and $1,650 respectively, at December 31, 2020. During 2021, Calistoga's credit sales and collections were $315,000 and $307,000, respectively, and $1,880 in accounts receivable were written off. Calistoga's final balance in its allowance for uncollectible accounts at December 31, 2021, is:
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Sexton, Corp., has projected the following sales for the coming year: Q1 Q2 Q3 Q4 Sales $ 860 $ 940 $ 900 $ 1,000 Sales in the year following this one are projected to be 15 percent greater in each quarter. a. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 30 percent of projected sales for the next quarter. Assume that the company pays immediately. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate payments to suppliers assuming a 90-day payables period. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate payments to suppliers assuming a 60-day payables period.
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Determine the effect on country demoffrage's GDP for a tourist spends on a seafood dinner at a resturant
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Help me please... help
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Epsilon currently pays $76 per unit to buy a part for a product it sells. Epsilon has excess capacity, and estimates that making the part would incur variable costs of $8 for direct materials and $40 for direct labor. Epsilon's normal predetermined overhead rate is 150% of direct labor cost, but management computes an incremental overhead rate of $16.00 per unit to make this part. Epsilon should choose to:___.A. Buy since the relevant cost to make it is $82 per unit. B. Make since the relevant cost to make it is $61.20 per unit.C. Buy since the relevant cost to make it is more than $74.00 per unit.
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Career ClusterIf your dream is to be an elementary school teacher, themight be best for you.A. Education and TrainingB. Human ServicesC. Health SciencesD. Training and Instruction
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Which of the following is a disadvantage of incentive compensation plans? Group of answer choices Employees are taxed heavily on their income from incentive plans. Employers are taxed heavily on their expenditure incurred through incentive plans. Employees know that rise in productivity will have no impact on their compensation. Employers are unable to increase employee productivity while following incentive plans. Employees don't develop loyalty to their employers when incentive plans are practiced.
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