Answer:
1. No journal entry on May 1
2. May 5
Dr Cash count 200,000
Cr Interfund loans payable 200,000
3. Dr Expenditures account debited 165,000
Credit Vouchers payable account 165,000
Dr State Government account 165,000 Credit Revenue account 165,000
4. December 13
Dr Cash account 165,000
Credit Dues from state government account 165,000
5. December 31
Dr Revenue account debited 165,000
Cr Expenditure account 165,000
Explanation:
Preparation of Journal entries
1. No journal entry on May 1
2. Preparation of Journal entry for short term loan
May 5
Dr Cash count 200,000
Cr Interfund loans payable 200,000
(To record short term loan is recorded)
3. Preparation of Journal entry for the payment of expendtiture
Dr Expenditures account debited 165,000
Credit Vouchers payable account 165,000
( To record the expenditure incurred )
Dr State Government account 165,000 Credit Revenue account 165,000
( Being recorded in the sate government)
4. Preparation of Journal entry for government reimbursement of funds
December 13
Dr Cash account 165,000
Credit Dues from state government account 165,000
(To record the receipts of dues )
5. Preparation of the Adjusted Entry for the revenue and expenditure
December 31
Dr Revenue account debited 165,000
Cr Expenditure account 165,000
( To record the closing of entries )
What is a plan for how much to spend and how much to save of ones earnings called?
A. a wish list
B. a personal budget
C. a saving account
D. an investment portfolio
Are any of y'all furries just wondering?
comment below :)
Answer:
Lol yep I’m a furry
Explanation:
Answer:
no
Explanation:
but there's no reason to be rude to them for just doing what they find fun :))
This software application can be used to organize, analyze, and illustrate data.
Answer:
its Excel :)
Explanation:
I learned abt it
Answer:
person above me
Explanation:
Kyle has experience in tracking inventory. What company might be interested in hiring Kyle?
a city clinic offering night classes to adults
a grocery store looking for a produce manager
a city manager’s office interested in balancing the budget
a state safety agency looking for an inspector
Answer:
a grocery store looking for a produce manage
Explanation:
Inventory refers to products a business holds for sale. Tracking inventory will refer to managing inventory movement in and out of business. A grocery store will need Kyle's experience much more than the businesses. The core business of a grocery store is to sell groceries.
Because Kyle is good at tracking inventory, he will help the store maintain optimal stock levels and guard against losses due to theft and spoilage.
Which are costs of a college education? Check all that apply.
•tuition
•federal grants
•books and fees
•room and board
•student loan interest
•academic scholarships
-tuition (you need to pay for your education)
-books and fees (materials you need and other miscellaneous fees)
-room and board (you obviously need a place to stay while in college)
-student loan interest (if you opt to get a loan instead of paying for your tuition on the spot)
The cost for college education are tuition, books and fees, room and board, student loan interest.
What is a cost?A cost is the value of money that has been expended to create something or provide a service and is therefore no longer available for use in production, research, retail, and accounting. In the case of a purchase cost, the money spent on the acquisition is considered the cost. In this instance, money is the resource used to obtain the item.
The cost of a college education involves:
tuition - The fees we need to pay for our education.books and fees - The materials we need and other miscellaneous fees.room and board - We obviously need a place to stay while in college.student loan interest - If we opt to get a loan instead of paying for our tuition on the spot.Therefore, all the cost required for a college education is mentioned above.
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What is the rule of positive self talk
Answer:
be positive i guess. like always see the good side in things.
Explanation:
Answer:
The rule of positive self talk is simple. Don't say anything to yourself that you wouldn't say to anyone else. Be gentle and encouraging with yourself. If a negative thought enters your mind, evaluate it rationally and respond with affirmations of what is good about you.
Explanation:
100 in edge2020
how do banks benefit of giving people loans
Answer: It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts—and the difference is the banks' profit.
Explanation: Hopefully this helped!
If an entrepreneur can establish a strong and trustworthy management team, then the
risk might be avoided.
O compliance
O financial
strategic
operational
Mark this and return
Ne
Answer:
operational
Explanation:
bc it is
If an entrepreneur can establish a strong and trustworthy management team, then the operational risk might be avoided. Thus option D is correct.
What is Team?When a group of people come together in an official setting and in a disciplined manner to achieve the common objective of business with individual roles and shared responsibilities representing teams.
A strong and trustworthy management team helps in better controlling and coordinating events which help to avoid operational risk and helps in producing efficient results with productivity.
The enforcement of laws safeguarding the environment and employees helps to reduce compliance risk, and building a stable number of clients helps in reducing financial risk.
Therefore, option D operational is appropriate.
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7. Another example of opportunity cost is a company's cost of capital. Suppose a manufacturer wants to add
microwave ovens to its product line. To do this, it must invest $500,000 in new equipment.
Besides the original investment, the company estimates it would spend $200,000 per year on production
costs for labor and materials. It also estimates that it could sell about $225,000 worth of microwave ovens
each year. Would it benefit the company to manufacture the microwave ovens if it could earn 10 percent
interest by purchasing U.S. Treasury bonds with the $500,000? Explain your answer.
Answer:
You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.
Explanation:
alternative 1, build and sell microwave ovens:
initial outlay = $500,000
net cash flow per year = $225,000 - $200,000 = $25,000
alternative 2, invest in US securities:
investment = $500,000
net cash flow per year = $500,000 x 10% = $50,000
Opportunity costs are the benefits lost or extra costs resulting from choosing one activity or investment over another.
If you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000 = -$25,000.
Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000 = $25,000.
You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.
The calculation is as follows:alternative 1, build and sell microwave ovens:
initial outlay = $500,000
So,
net cash flow per year = $225,000 - $200,000 = $25,000
now
alternative 2, invest in US securities:
investment = $500,000
net cash flow per year = $500,000 x 10% = $50,000
In the case when you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000
= -$25,000.
Now
Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000
= $25,000.
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A job application is a form used to make a job request. (3 points)
True
False
Answer:
I would say it is True.
Explanation:
A job application form states your personal information
According to the U.S. Census Bureau, in 1950, 39.3 million families had a child under 18 at home. Suppose a recent study found that number had decreased by 9.3%. How many million families had a child under 18 at home according to this study? Round the number of millions to the nearest tenth.
Answer: 35.7 million
Explanation:
Number of families that have a child of under 18 at home = 39,300,000
Percentage decrease = 9.3% = 0.093
The number of families that had a child under 18 at home according to this study will be:
= 39.3 million - (39.3 million × 0.093)
= 39.3 million - 3.6549 million
= 35.6451 million
= 35.7 million
An environmental lawyer is not part of the Energy cluster.
True or False for K12
Answer:
True
Explanation:
Lawyers belong to the Law, Public Safety, Corrections, and Security cluster. Work under this career cluster revolves around protecting citizens and their rights. Lawyers train and acquire university degree before training at the law school.
Lawyers may specialize in a specific area such as crime, tax, environment, and so many others. Other prominent job titles for lawyers include Attorney General, Associate Attorney, Attorney, Attorney at Law, General Counsel, and Partner.
Write a short paragraph describing the benefits of working as a team to complete a project.
Answer:
A group of people who have to achieve common goal is known as team. If we work in team it increases our creativity and learning, it also builds trust. It boost the particular person when we work in team. We can also learn faster. There are more chances of getting success in particular area if we work in team. As there is saying, " together we can achieve more what each of us can achieve." It also enhances productivity and capability.
Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning of the manufacturing process. Conversion costs are added evenly throughout the process. During May, the company completed and transferred 23,500 units of product to finished goods inventory. Its 5,400 units of beginning work in process consisted of $17,300 of direct materials and $329,940 of conversion costs. It has 3,600 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. During the month, $497,600 of direct material costs and $2,519,100 of conversion costs were charged to production.
Prepare the journal entry dated May 31 to transfer the cost of completed units to finished goods inventory. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)
Answer:
May 31, 202x, 23,500 units completed and transferred out
Dr Finished goods inventory 2,984,500
Cr Work in process 2,984,500
Explanation:
beginning WIP 5,400 units
materials $17,300
conversion $329,940
ending WIP 3,600 units
materials 100% complete
conversion 80% complete (2,880 EU)
units completed and transferred out 23,500
units started and completed 18,100
costs added during the period
materials $497,600
conversion $2,519,100
total costs
materials $514,900
conversion $2,849,040
total EU
materials 18,100 + 5,400 + 3,600 = 27,100
conversion 18,100 + 5,400 + 2,880 = 26,380
cost per EU
materials $514,900 / 27,100 = $19
conversion $2,849,040 / 26,380 = $108
total = $127
costs assigned to finished units = $127 x 23,500 = $2,984,500
YO GUYS mator12 IS A BIG BABY
Answer: lol
Explanation:
What are the accounting heads that appear on the credit side of the T accounts?
Liability,(blank), revenue, gains, and capital (equity) accounts have credit balances in the T account.
Answer:
capital(equalty)
Explanation: I think this is the answers?
Is it abc or cba
I wanna know thanks bro
Answer:
If your talking about Alphabetical order, it's ABC.
If your talking about anything else, it might be CBA.
Explanation:
If answer is 1, Go along with the alphabet.
ABCDEFGHIJKLMNOPQRSTUVWXYZ.
If it's two, (I actually don't know.)
Lawn maintenance is an alternative energy source career.
A.
True
B.
False
Answer:
False
Explanation:
Lawn maintenance isn't
Answer:
The answer is false
Explanation:
How much would $2000 dollars earn in 1 year at a rate of 4.4% compounded annually?
Answer:
2,088
Explanation:
Use calculator and do 2000(1.044)^1
Damerly Company (a Utah employer) wants to give a holiday bonus check of $350 to each employee. Since it wants the check amount to be $350, it will need to gross-up the amount of the bonus. Calculate the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative earnings for the year are $46,910. Besides being subject to social security taxes and federal income tax (supplemental rate), a 5% Utah income tax must be withheld on supplemental payments.
Answer:
$350
Explanation:
Calculation for the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative
Social Security rate 6.20%
Medicare rate 1.45%
Federal Income tax 22.00%
State income tax 5.00%
Total tax percentage 34.65%
Calculation for the Required gross bonus
Required gross bonus =$350/(1-34.65%)
Required gross bonus=$350/1-0.3465
Required gross bonus=$350/0.6535
Required gross bonus=$535.57
Gross bonus amount $535.57
Federal Income tax withheld (117.82) ($535.57*22%)
OASDI tax withheld (33.20)
($535.57*6.2%)
HI tax withheld (7.76)
($535.57*1.45%)
Utah Income tax withheld (26.77)
($535.57*5%)
Take home bonus check $350.00
Therefore the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative will be $350.00
Which of the following is an example of an advertisement?
A.
A company newsletter
B.
A billboard
C.
A press release
D.
A news article about the company
Answer: B
Explanation:
just did it
A Billboard is an example of an advertisement. Option (b) is the correct answer to the question.
What is an Advertisement?Advertising is a type of communication that is intended to encourage an audience to do something, usually in relation to a commercial offering, like a good or a service that is being sold.
A billboard is a sizable outdoor advertising structure that is generally seen in high-traffic places, such as beside busy roadways. In the UK and many other countries, it is also known as hoarding. Large advertisements are shown on billboards for cars and pedestrians to see. Normally, businesses utilize billboards to promote new items or to strengthen their existing brands.
The largest ordinary-sized billboards command high-density consumer exposure and are typically found on major highways, expressways, or main arterial. Due to their size and the fact that they enable creative "customization" through extensions and embellishments, these provide the most visibility.
Therefore, Option (b) is correct.
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Short-term bank loans (Select all that apply.) usually have a lower interest rate than long-term debt. usually have a higher interest rate than long-term debt. are not frequently used by large corporations as a significant component of capital structure. are frequently used by large corporations as a significant component of capital structure.
Answer:
A. usually have a lower interest rate than long-term debt.
D. are frequently used by large corporations as a significant component of capital structure.
Explanation:
A short-term bank loan can be defined as a type of loan that provides quick cash which mainly have a shorter repayment period when compared to a traditional loan.
Basically, when a small business owner (entrepreneur) or start-up needs to finance a temporal personal or working capital requirements but isn't eligible to apply for a line of credit from a bank; he or she can obtain a short-term bank loan.
Short-term bank loans usually have a lower interest rate than long-term debt and are frequently used by large corporations as a significant component of capital structure.
One month ago, Kyle made a goal to save $800 for a new video camera. The deadline is in seven months. He now has $110 saved. Evaluate his progress toward reaching his goal. Is Kyle on track to reach his goal? Yes or no?
Answer:
No, he will not reach his goal if he saves $110 per month.
Explanation:
Answer:
yes
Explanation:
A process for making financial decisions is called _____.
Answer:
ouybouybo
Explanation:
At her job of grooming horses, Polly Yaskovich worked 8 hours a day on Monday and Tuesday earning $67 each day. On Wednesday, she earned $82. On Thursday, she earned $78. How much must Polly earn on Friday, to have average earnings of $75 a day?
Answer:
Your answer is that she needs to earn $148 on Friday
Explanation:
Calculate Average:
(67 + 82 + 78) / 4 = 56.75 (Remember 67 is worth Monday and Tuesday)
We know that the number that the 4 numbers add up to has to be divisible by 5 because our we need to average 75 and we have 5 days to average on.
5 x 75 = 375
67 + 82 + 78 = 227
375 - 227 = 148
(67+82+78+148) / 5 = 75
Your answer is that she needs to earn $148 on Friday
What is debt?
I have to put twenty characters. To ask this question.
Sparkling Water, Inc., expects to sell 3.7 million bottles of drinking water each year in perpetuity. This year each bottle will sell for $1.46 in real terms and will cost $.82 in real terms. Sales income and costs occur at year-end. Revenues will rise at a real rate of 1.7 percent annually, while real costs will rise at a real rate of .8 percent annually. The real discount rate is 5 percent. The corporate tax rate is 25 percent. What is the company worth today?
Answer:
approximately $65,238,286
Explanation:
gross profit year 0 = $2,368,000, after tax profit = $1,776,000
gross profit year 1 = [($1.46 x 1.017) - ($0.82 x 1.008)] x 3,700,000 = $2,435,562, after tax profit = $1,826,672
gross profit year 2 = [($1.46 x 1.017²) - ($0.82 x 1.008²)] x 3,700,000 = $2,540,491, after tax profit = $1,905,368
gross profit year 3 = [($1.46 x 1.017³) - ($0.82 x 1.008³)] x 3,700,000 = $2,574,812, after tax profit = $1,931,109
gross profit year 4 = $2,646,550, after tax profit = $1,984913
gross profit year 5 = $2,691,542, after tax profit = $2,018,657
gross profit year 6 = $2,737,298, after tax profit = $2,052,974
gross profit year 7 = $2,783,832, after tax profit = $2,087,368
gross profit year 8 = $2,831,157, after tax profit = $2,123,368
gross profit year 9 = $2,879,287, after tax profit = $2,159,465
gross profit year 10 = $2,928,535, after tax profit = $2,16,401
Using linear regression (using an excel spreadsheet and the data from the first 20 years), the slope of the constant growth line is 39,078x, which represents a $39,078/$1,776,000 = 2.2% growth rate
once we are able to determine an approximate constant growth rate, we can use the formula for the present value of a growing perpetuity:
company's value = NCF year 1 / (Re - g) = $1,826,672 / (5% - 2.2%) = $65,238,286
true or false losing inventory for the year ended 31 August 2018 will be closing inventory for the year ended 31 August 2019
true because they closed
HELP ME PLEASE !!!
which of the following is a benefit that computer technology has provided to the realm of financial administration?
a. financial records can be searched more easily
b. less data availability
c. less security of financial records
d. slower data entry
Answer:
a. financial records can be searched more easily
Explanation:
Computer technology has aided in the automation and integration of an organization's financial records in a single system. A business's financial data relating to several financial years are accessible from a single computer. Computer technology has made it easy to collect, analyze, report, and interpret financial records.
Through computer technology, financial records are organized and stored in a manner that is easy to retrieve. It takes very little time to access the required financial information as long as it was labeled correctly and stored.
Answer:
1 selling stock before telling about the downfall one
2 A or financial records can be searched more easily
3 crowdfunding
4 forecast
Researchers conducted a study to determine the monthly rental cost of rent-controlled apartments in the five boroughs of New York City in 2012. The study randomly sampled 157 apartment records from the Bronx, obtained from a large collection of income- and expense-filing statements. The 95% confidence interval of rent-controlled apartment costs in the Bronx was $917.00 ± $22.10. The cost of all rent-controlled apartments in the Bronx has a standard deviation of $73.70. State the conclusion of the z-confidence interval for the mean. Researchers are certain that the interval ($894.90, $939.10) contains the mean.
Question Completion:
Researchers are ________certain that the interval ($876.28, $899.72) contains the mean monthly rental cost of _____. (
all rent-controlled apartments in New York City.
all rent-controlled apartments in Bronx.
the 157 apartments in the sample.
all apartments in Bronx)
Answer:
Researchers are ___95%_____certain that the interval ($876.28, $899.72) contains the mean monthly rental cost of _____.
all rent-controlled apartments in Bronx.
Explanation:
The 157 samples were from the Bronx, "obtained from a large collection of income- and expense-filing statements." The concentration of the study was on "rent-controlled apartments in the Bronx." So, the study or research is specific. Therefore, the generalization from its findings can only be specific to the Bronx borough of New York City and affecting only rent-controlled apartments.
