FEMA 21. a right or obligation to act on behalf of a department, agency, or jurisdiction is defined as Authority.
Authority can be used to guard our rights to lifestyles, liberty, and belongings. Authority may be used to offer order and protection in people's lives. as an instance, air visitor controllers prevent injuries and offer protection for airplane passengers. Authority can be used to control warfare peacefully and pretty.
In the fields of sociology and political technology, authority is the legitimate strength of someone or a group over different human beings. In a civil nation, authority is practiced in methods such as a judicial department or a govt branch of the presidency. inside the exercising of governance, the authority and electricity of the phrases are inaccurate synonyms.
Authority is a right or obligation to act on behalf of a department, agency, or jurisdiction. In most jurisdictions, the responsibility for the protection of the citizens rests with the chief elected official.
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Which form is used to report fica taxes for the employer and employee, and also federal income taxes for the employee?
FORM 941 is used to report FICA taxes for the employer and employee, and also federal income taxes for the employee.
IRS Form 941 is more normally referred to as the company's Quarterly Federal Tax go back. This is the shape your business uses to document earnings taxes and payroll taxes that you withheld out of your personnel's wages. It also gives space to calculate and file Social protection and Medicare taxes.
Normally, any man or woman or business that pays wages to an employee should record a shape 941 in each area and must continue to achieve this even supposing there are not any employees throughout a number of the quarters.
Employers use Form 941 to: document profits taxes, Social protection tax, or Medicare tax withheld from workers' paychecks. Pay the business enterprise's part of Social security or Medicare tax.
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Gordon is arrested for insider trading. his case will first be heard by which court?
His case will first be heard by a trial court.
What is insider trading?
Any purchase or sale of a security made in violation of a fiduciary responsibility or other relationship of trust and confidence and based on substantial, nonpublic knowledge about the security is referred to as illegal insider trading.
What is a trial court?
Most civil and criminal matters begin in a trial court, often known as a court of first instance, which has original jurisdiction. Evidence and testimony are initially presented, received, and taken into consideration in the trial court. Trial courts make conclusions of fact and law, and eventually those findings of law may be appealed to a higher court with review authority. A court of appeal is what is often referred to as this. Trial courts may have both broad and specific jurisdictions.
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The journal entry to record the use of direct materials in process costing is a(n)?
The journal entry to report the usage of direct materials in procedure costing is debit paintings in system inventory and credit raw substances stock.
A journal entry is supposed to collect your ideas and observations on a wide variety of factors and positioned the happenings of every day in writing. In this way, you're able to higher keep in mind what you probably did, what your concept is, and what changed taking place whilst you have been more youthful.
Each journal entry access contains the statistics vast to a single commercial enterprise transaction, which include the date, the quantity to be credited and debited, a short description of the transaction, and the money owed affected. relying on the employer, it is able to list affected subsidiaries, tax details, and other records. An instance of a magazine entry consists of the purchase of machinery by using the united states of America in which the equipment account might be debited, and the cash account will be credited.
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In the __________ stage of the industry life cycle, the emphasis on product design is very high, the intensity of competition is low, and the market growth rate is low.
In the introduction stage of the industry life cycle, the emphasis on product design is very high, the intensity of competition is low, and the market growth rate is low.
Introduction, expansion, maturity, and decline are the four stages of the industry life cycle. When an industry is in the decline stage, it can no longer sustain the expansion and will eventually contract as businesses leave, merge, or go bankrupt.
The creation and first marketing of a new good or service fall under the introduction, or startup, phase. To facilitate the creation and spread of novel offers, innovators frequently found new companies. Because there is frequently little information available about the items and industry players, demand is frequently unclear.
You can learn vital information from industry cycles about supply networks, corporate strategy, and earnings as well as growth possibilities, opportunities, and obstacles. The business cycle has an impact on both firm strategy and earnings.
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Which state's proposal embodied a principle of representing state in the congress according to their size and wealth?
A US state's proposal embodied a principle of representing state in the congress according to their size and wealth.
In protest against Viceroy Lord Linlithgow's decision to declare India a belligerent in the Second World War without consulting the Indian people, the Congress ministries resigned in October and November 1939. Informally, "Indicate" has also referred to the Indian National Congress (Organisation) as the Syndicate and the Indira faction. The INC was led by K Kamaraj and later by Morarji Desai (O).
The Indian National Congress was established by retired British Indian Civil Service (ICS) officer Allan Octavian Hume to provide educated Indians with a forum for civil and political discourse. Following the Indian Rebellion of 1857, the British Empire took over control of India from the East India Company.
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the marketing concept holds that above all else, firms must be focused on building the highest quality product possible.
FALSE, Marketing concept is not about businesses should prioritise producing the highest-quality product they can for customers.
More about marketing concept:
The marketing concept is the notion that businesses have a duty to their customers and that their marketing plans should be created to satisfy those demands. Part of a series on marketing concepts, the holistic marketing concept describes a marketing plan that views the company as a whole rather than as an amalgam of separate pieces.
The process of marketing involves getting the right products, services, or even ideas to the right people at the correct time, place, and price. It also involves applying the proper marketing tactics to offer the best possible customer service.
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A perfectly competitive firm not able to sell all it wants at the market equilibrium
price. Therefore, it has no incentive to increase prices (sacrificing revenues and
therefore profits) to increase sales. Because other firms are selling nearly identic
products (i.e., goods are homogeneous) at the market equilibrium price, trying to
raise the price would lead to the firm gaining all its sales.
A perfectly competitive firm is not able to sell all it wants at the market equilibrium price. Therefore, it has no incentive to increase prices (sacrificing revenues and therefore profits) to increase sales. Because other firms are selling nearly identic products (i.e., goods are homogeneous) at the market equilibrium price, trying to raise the price would lead to the firm gaining all its sales.TRUE
In economic theory, perfect competition occurs when all companies sell identical products, market share does not influence price, companies are able to enter or exit without barriers, buyers have perfect or full information, and companies cannot determine prices.In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition.
Perfect competition is an economic term that refers to a theoretical market structure in which all suppliers are equal and overall supply and demand are in equilibrium. For example, if there are several firms producing a commodity and no individual firm has a competitive advantage, there is perfect competition.The three primary characteristics of perfect competition are (1) no company holds a substantial market share, (2) the industry output is standardized, and (3) there is freedom of entry and exit. Efficient market equilibrium under perfect competition is when marginal revenue equals marginal cost.
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A(n) __________ strategy is the outcome of a rational and structured, top-down strategic plan. multiple choice question. serendipitous emergent realized intended
A(n) intended strategy is the outcome of a rational and structured, top-down strategic plan.
What do you mean by intended strategy?An expected system is the methodology that an association desires to execute. Expected techniques are normally depicted exhaustively inside an association's masterful course of action. At the point when a well defined course of action is made for another endeavor, it is known as a marketable strategy.
An expected system is what you plan to happen deduced to the activities you are deciding to seek after. You attempt to design out the drawn out objectives and activity plans. For instance, as an individual, you could make an arrangement to practice over 3 days per week, or as a firm, you could want to present one new item consistently.
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As of June 28, 2020, Cedar Fair had issued $201.5 million in season passes. Cedar Fair estimated that guests would use passes worth
$41.9 million during the remainder of 2020, $61.9 million from January 1 to June 30, 2021, and the remaining $97.7 million after June
30, 2021. What amounts should Cedar Fair classify as current versus noncurrent, in its balance sheet on June 28, 2020?
Based on Cedar Fair issuance of season passes,$103.80 million would be classified under current whereas $97.7 million is non-current
What does current classification indicates in the balance sheet?
The current classification in the balance sheet refers to assets that would be used up in up to a year or liabilities that would be settled within a year, any other item whose usage or settlement date is beyond 1 year is classified as non-current asset or liability.
In this case, Cedar Fair would classify the the amount of season passes usable within a year under the current liability and the remainder value of season passes that would be used after after June 30, 2021 as non-current liability.
current liability=$41.9 million+ $61.9 million=$103.80 million
non-current liability=$97.7 million
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A prepayment is originally recorded as an asset. an adjusting entry at the end of the accounting period results in a(n)?
A prepayment is originally recorded as an asset, an adjusting entry at the end of the accounting period results in a decrease.
Prepayment refers to the settlement of a debt or instalment loan before the day it is officially due. A prepayment can be the early closure of an account due to the payment of a bill, an operating expense, or a non-operating expense. Additionally, prepayments are a means of obtaining expense advantages. Prepayment examples include paying off a loan before it is due, as well as paying rent, salaries, insurance premiums, credit card bills, income taxes, sales taxes, line of credit payments, and other expenses in prepayment. Because they are expenses that a business has paid in advance in exchange for goods or services that will be provided in the future, prepayments are regarded as current assets.
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drew and hank were camping at hank’s riverfront cabin. hank told drew that he rarely used the cabin and was thinking of selling it. drew said that he’d buy it from hank for $80,000, which hank agreed was a fair price. it’s two months later, and hank is upset that drew now says he won’t buy it. why isn’t this contract enforceable?
The offer couldn't be made because Drew lacked the necessary funds so that is a reason this contract is not enforceable.
What is the difference between a valid and enforceable contract?A contract that can be upheld in court is said to be enforceable. In other words, the contract can be enforced according to the law. A valid contract must always be enforceable. However, an effective contract might not be enforceable.
A contract is an agreement between two or more private parties that creates legal duties for both parties. The fundamental components necessary for the agreement to be a valid offer and acceptance, adequate consideration, capacity, and legality are: mutual assent, expressed through a contract-compliant offer.
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. using the information from the first two steps, grey should work with his staff to come to a consensus and develop a plan of action. because grey has used the stakeholder theory to inform his decision making, he has evaluated the protentional outcome for:
Because grey has used the stakeholder theory to inform his decision making, he has evaluated the protentional outcome for: Investors or suppliers.
Who are the investors and the suppliers in the business?The investors are the persons that would give up their capital in the business to ensure that they are able to grow. The reason why people invest in businesses is because the business has the potential for growth and they would want to reap the benefits based on the investments that they have made.
The suppliers are the ones that would have tp provide the goods that are produced in the company to the market. These are also the producers of a good. They ensure that it gets to the retailers.
Hence we can say that Because grey has used the stakeholder theory to inform his decision making, he has evaluated the protentional outcome for: Investors or suppliers.
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What is the coupon promotion liability that holyoak should report in its december 31, 2021, balance sheet?
The coupon promotion liability that Holyoak should report in its December 31, 2021, balance sheet is $ 22000.
What are some other types of liabilities Holyoak may have?Holyoak may additionally be accountable for different forms of responsibilities. For instance, if they may be sued for product liability, they could want to see in the courtroom docket and protect themselves. Other capacity obligations for Holyoak include defamation, contract breach, copyright infringement, and product liability.
These responsibilities is probably owed to a financial institution mortgage or every other sort of financing within side the case of a business. Beyond coins and coins equivalents, the enterprise may additionally have belongings that aren't presently on hand. For instance, they could encompass inventory that may be offered if vital or machinery, equipment, or different items.
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One powerful motivation for people to become entrepreneurs is that becoming one is not just a job, but a?
One powerful motivation for people to become entrepreneurs is that becoming one is not just a job, but a lifestyle.
Who is an entrepreneur?An entrepreneur can be defined as an individual who is involved in the buying and selling of goods and services, usually from scratch or in a small capacity.
The qualities and characteristics of a entrepreneur.Generally, some examples of the qualities and characteristics of a successful entrepreneur include the following:
CuriosityAn entrepreneur is a planner.An entrepreneur is a money manager.Structured Experimentation.Adaptability.An entrepreneur is business savvy.Decisiveness.An entrepreneur is passionate.Team Building. Risk Tolerance.Comfortable with Failure.An entrepreneur is confident. PersistenceAn entrepreneur never give up.Based on the aforementioned characteristics, we can reasonably infer and logically deduce that aside from profit (money), a powerful motivation for people to become entrepreneurs is that becoming one is not just a job, but a lifestyle because it entails a lot.
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PLEASE HELP ASAP
Last year, $3,155.24 was withheld from your pay for federal taxes. When you calculate the amount of federal tax you owe, it comes to $2,791.80. What does this mean?
A.You must pay an additional $363.44.
B.The remaining $363.44 will be applied to your state taxes.
C.You have lost $363.44.
D.You will get $363.44 refund from the government.
The fact that your federal taxes paid were more than you calculated means that D.You will get $363.44 refund from the government.
What happens when we overpay taxes?When a person pays too much in taxes, the Internal Revenue Service can be able to give you a refund for the amount that you overpaid.
In this case, that amount would be:
= 3,155.24 - 2,791.80
= $363.44
To get the refund, you would have to fill in your annual tax returns and the Internal Revenue Service would find the refund.
In conclusion, you can expect a tax refund of $363.44 from the government.
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Answer:
D. You will get $363.44 refund from the government.
Explanation:
connexus
How does a sustainable competitive advantage differ from a competitive advantage?
A sustainable competitive advantage is one that competitors cannot copy in the immediate future is the way in which a sustainable competitive advantage differ from a competitive advantage .
What is Sustainable competitive ?
A set of traits and skills that enable a company to outperform rivals in satisfying the needs of its customers is known as a sustainable competitive advantage. This gives a company more concentration, enabling it to increase sales and improve profit margins.
Without one or more persistent competitive advantages, a business might not be able to overcome whatever made its stock attractively priced. We only wish to invest in the stocks of businesses that provide true value investments rather than value pitfalls. In other words, we aim to purchase equities that are now trading below their real value and that will increase shareholder cash flow.
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A $1,000 par-value 4-year bond pays 4oupon annually. the bond yields an effective annual interest of i nd has a modified convexity equal to 17.47. calculate i.
The bond yields an effective annual interest of I and has a modified convexity equal to 17.47. The value of i is 3.00%.
We know the value of modified convexity and we have to calculate the value of I which is the yield to maturity (YTM) of the bond.
To get the modified convexity = 17.47; we use different values of i in the following calculation at an effective annual interest.
Time (t) Cash Flow from Coupon Payment (4% of $1000) Cash Flow from maturity amount Total Cash Flow (CF) Present Value (PV) of cash Flow = CF/(1+i)^t Weight = PV of cash Flow/Price Convexity = Sum of [t *(1+t) * weight * 1/(1+i)^2]
1 $40 $40 $38.83 3.74% 0.07
2 $40 $40 $37.70 3.64% 0.21
3 $40 $40 $36.61 3.53% 0.40
4 $40 $1,000 $1,040 $924.03 89.09% 16.80
Total $1,037.17 17.47
↑ Price ↑ Convexity
We got the value of i = 3.00%
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activities g, p, and r are the immediate predecessors for activity w. if the earliest finish times for the three are 12, 15, and 10, then the earliest start time for w
Ans. The earliest start time for w is 15.
What is earliest start time?
It is the earliest moment the activity can occur. begin. It corresponds to the event's earliest event time (TE), from which the activity arrow starts.
It is a day when the operation order determined based on the anticipated release date of the production order is begun at the earliest possible time, i.e., the day when the operation can begin at the earliest possible time with the materials, facilities, and personnel prepared. Similar word: leveling.
The following equation is used to determine the Early Start and Early Finish dates: Early Start = Early Finish + 1 of the preceding activity. Activity time + Early Start of activity minus one equals Early Finish of the activity.
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If inflation is increasing at 2.9 percent per year, and your salary increases at the same rate, how long will it take your salary to double?
The salary double up after 25 years based on the inflation rate of 2.9 percent
What is the rule of 72?
The rule of 72 indicates the number of years it takes an amount of money to double, it is determined as the 72 divided by the inflation rate which is also the growth rate of salary in this case.
Years to double salary=72/growth rate
growth rate=2.9(without the % sign)
Years to double=72/2.9
Years to double=25 years
Approximately , rounded to the nearest years, it would take 25 years for the salary to double.
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To evaluate the effectiveness or performance of a marketing strategy, firms typically use.
To evaluate the effectiveness or performance of a marketing strategy, firms typically use a SWOT analysis. The final step in the planning process is to compare a firm's performance over time to that of competitors by evaluating performance using marketing measures such as sales, profits, gross margin, and return on investment.
Examples include your team members, patents and intellectual property, and location. The SWOT analysis framework is used to discover and analyze an organization's strengths, weaknesses, opportunities, and threats marketing The acronym SWOT is made up of these words. The major purpose of SWOT analysis is to raise awareness of the factors that influence business decisions or the development of a corporate strategy.
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janet saw a 6% decrease in her income and as a result she changed her consumption behavior. janet decreased her consumption of sliced turkey 3%, she decreased her consumption of smoked salmon by 9% and she increased her consumption of margarine by 1%. with this information we know that for janet, sliced turkey is good, smoked salmon is good, and margarine is good. a an inferior; a normal luxury; a normal necessity b an inferior; a normal luxury; a normal necessity c a substitute; an inferior good; a normal luxury d an inferior; a substitute; a normal luxury e a normal necessity; a normal luxury; an inferior
The answer is a normal necessity, a normal luxury, an inferior.
What is a normal necessity?A normal good in economics is referred to as a necessity good or essential good. Consumers will purchase necessities such as goods and services regardless of fluctuations in their income levels, making them less susceptible to changes in income.Normal goods, inferior goods, and Giffen goods are the three categories into which economists divide products.In other words, necessities are those items for which a price increase decreases an agent's marginal utility of income whereas luxuries are those for which a price increase enhances an agent's marginal utility of income.The answer is a normal necessity, a normal luxury; an inferior.
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How can you lead to establish trust which increases nimble response for org members?\
It is real that performance is how we're able to produce the favored consequences that are associated with standardization and revolutionary is how we're developing and accepting adjustments that are the power.
To achieve each on an identical time, performance innovation is the key to attain. Now the first-class manner to do is to simplify and streamline the present techniques with a blend of new thoughts and maintain the scope of flexibility. as opposed to choosing to be almost green or almost revolutionary, we can mix both of them and obtain standardization until a specific stage and obtain flexibility till a selected stage. This could assist me as an individual to obtain cost efficiency with innovation at the same time.
So for instance if I must make a presentation on three unique projects of marketing, production, and finance at the identical time with both being green and flexible, what I can do is to have a specific stage this is the methodology and the presentation could have the equal historical past, equal format and same layout that could make me gain performance and standardization. And innovation would be accomplished by making a few adjustments and leaving the regions of flexibility in finance presentation, I'm able to use the formulas and remedy the practical questions and in advertising, I'm able to speak a case observe, and so on.
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Which type of decision is deciding whether to introduce a new product line?
a. structured
b. unstructured
c. recurring
d. non recurring
e. predictive
Deciding whether or not to introduce a new product line is an unstructured decision.
The decision maker must use judgment, evaluation, and insights into the problem definition while making an unstructured choice. Contrarily, structured decisions are repeated and regular, and decision-makers can be effective by addressing them according to a specific process. Choosing a policy for new technology or handling a labor issue are two examples of unstructured decisions. When the decision-maker(s) are making semi-structured decisions, decision support systems perform at their best. The tax calculation is a nice illustration of a structured choice. The amount of taxation is, after all, a very clear definition of the objective. If the profit and the conditions of how it was achieved are understood, then information is attainable and controllable. The exact details of tax payment are laid forth in statutes. Unstructured decision-making is a dynamic process where a person must come up with a solution because there isn't one given or available. An individual may not have preferences or be aware of the best course of action while making this kind of decision.
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1) several types of risk are present in the u.s. economy. for each of the following, identify the type of risk that is present. explain your answer
a. Given that there is a chance of loss, this is a basic risk case. Terrorists carried out the attack, and a certain amount of money was lost as a result.
b. The house was damaged in the fire, which caused a monetary loss, so it is a property risk.
c. It is a case of personal risk since the family's head is completely crippled, which has an immediate effect on the family and results in the family's inability to meet its financial obligations, which results in an income loss.
d. Since the investor bought 100 shares, there was a chance of making a profit or losing money/ monetary risk, hence it was a speculative transaction.
e. Because the river's overflow affects thousands of people's property, this situation involves serious risk.
f. As the risk affected the opposing changes in the commodity price, interest rate, etc., this is an instance of financial risk.
g. Given that the worker may succeed or fail, it is a speculative case.
What are various types of risk?There are essentially two types of risk: systematic and unsystematic. Systematic risk is the market unpredictability of an investment, which means it represents outside factors that have an impact on all (or many) businesses in a given sector or group. The asset-specific risks that can impact an investment's performance are referred to as unsystematic risks.
The most significant categories of risk that a financial analyst should take into account while assessing investment opportunities are listed below:
Systematic Risk: The effect of the market as a whole
The uncertainty that is specific to a firm or an asset
Political/Regulatory Risk: This refers to the effects of political decisions and regulatory changes.
Financial Risk: A Company's Capital Structure (degree of financial leverage or debt burden)
Changes in interest rates' effects are known as interest rate risk.
The effects of shifting social norms, movements, and discontent are referred to as social risk.
Uncertainty regarding environmental liabilities or the effects of environmental changes is known as an environmental risk.
Operational risk is the degree of uncertainty that exists with respect to a company's day-to-day operations, including its supply chain and the delivery of its goods or services.
The effect that a management team's decisions have on a firm is known as managing risk.
Legal Risk - Uncertainty regarding lawsuits or the ability to conduct business
The level of industry competition and the effect that competitors' decisions will have on a firm
Thus, there are several types of risk and each of them has its own specifications.
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Complete Question:
Several types of risk are present in the U.S. economy. For each of the following, identify the type of risk that is present. Explain your answer.
a. The Department of Homeland Security alerts the nation of a possible attack by terrorists.
b. A house may be severely damaged in a fire.
c. A family head may be totally disabled in a plant explosion.
d. An investor purchases 100 shares of Microsoft stock.
e. A river that periodically overflows may cause substantial property damage to thousands of homes in the floodplain.
f. Home buyers may be faced with higher mortgage payments if the Federal Reserve raises interest rates at its next meeting.
g. A worker on vacation plays the slot machines in a casino.
Find+the+time+required+for+an+investment+of+$3000+to+grow+to+$5000+at+an+interest+rate+of+8.5%+per+year,+compounded+quarterly.+(round+your+answer+to+two+decimal+places.)
The time is 4.53 years.
Compounding is the process whereby interest is credited to an existing principal amount as well as to interest already paid. Compounding thus can be construed as interest on interest the effect of which is to magnify returns to interest over time, the so-called “miracle of compounding.
Present value:
P = $5000
Future value: A = $7000
Rate of interest:
r = 7.5 %
= 0.075
A number of compounding periods per year:
n = 4
(Compounding quarterly)
We can find the time t
by using the Compound Interest formula:
A = P (1 + rn)nt
7000 = 5000 (1 + 0.075 +4)4t
7000/5000 = (1+ 0.075 ×4)4t
1.4 = (1 +0.01875)4t
1.4 = (1.01875)4t
(1.01875)4t = 1.4
t = 4.52975
⟹ t ≈ 4.53 years.
Hence, the time is approximately
4.53 years.
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on january 1, 2021, the general ledger of grand finale fireworks includes the following account balances: accounts debit credit cash $ 42,700 accounts receivable 44,500 supplies 7,500 equipment 64,000 accumulated depreciation $ 9,000 accounts payable 14,600 common stock, $1 par value 10,000 additional paid-in capital 80,000 retained earnings 45,100 totals $ 158,700 $ 158,700 during january 2021, the following transactions occur: january 2 issue an additional 2,000 shares of $1 par value common stock for $40,000. january 9 provide services to customers on account, $14,300. january 10 purchase additional supplies on account, $4,900. january 12 purchase 1,000 shares of treasury stock for $18 per share. january 15 pay cash on accounts payable, $16,500. january 21 provide services to customers for cash, $49,100. january 22 receive cash on accounts receivable, $16,600. january 29 declare a cash dividend of $0.30 per share to all shares outstanding on january 29. the dividend is payable on february 15. (hint: grand finale fireworks had 10,000 shares outstanding on january 1, 2021, and dividends are not paid on treasury stock.) january 30 resell 600 shares of treasury stock for $20 per share. january 31 pay cash for salaries during january, $42,000. exercise 10-17 part 2 unpaid utilities for the month of january are $6,200. supplies at the end of january total $5,100. depreciation on the equipment for the month of january is calculated using the straightline method. at the time the equipment was purchased, the company estimated a service life of three years and a residual value of $10,000. accrued income taxes at the end of january are $2,000. 2. record the adjusting entries on january 31, 2018 for the above transactions.
The adjusting entries on January 31, 2018, for the above transactions.
A financial transaction is a settlement, or verbal exchange, among a client and seller to alternate goods, offerings, or assets for a fee. Any transaction entails a trade in the fame of the finances of two or greater companies or individuals.
Closing Entries
Date Accounts Debit Credit
31-Jan Service Revenue $63,400
Retained Earnings $ 63,400
(To close all income statement accounts with credit balances)
Service Revenue = $14,300 + $49,100= $63,400
31-Jan Retained Earnings $ 42,000
| Salaries Expense $ 42,000
(To close all income statement accounts with debit balances)
31-Jan Retained Earnings $ 3,300
Dividends $ 3,300
(To record closing entry for dividends)
Outstanding Shares = Outstanding shares + Shares issues - Treasury stock
| Outstanding Shares = 10,000 + 2,000 - 1,000 = 11,000 shares
Dividend = 13,000 x 0.30 = $3,300
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we build lenses uniquely to the needs of your eyes multiple choice 1 fit timing price location performance
Correct option is A, As the slogan is related to the Fitment of the unique lenses as per the need of eyes which means uniquely designed lenses by the company such as lenskart.
What Are the Different Types of Specialty Lenses?
Terms like "conventional lenses" or "standard lenses" can be confusing, because all contact lenses must be fitted to the patient's eyes. Every person's eye is slightly different in shape, and contact lenses must be tailored to that shape. Specialty contact lenses are useful in situations where fitting a lens to the eye or the patient's needs is more difficult than usual. The scleral lens is one example. Scleral lenses are used when irregularities in the shape of the cornea make fitting an effective standard lens impossible. Scleral lenses, rather than sitting on the cornea, rest on the white of the eye (the sclera) and then vault.
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If there is accounting information not included in the primary financial statements that would benefit users, that information should be disclosed in?
If there is accounting information not included in the primary financial statements that would benefit users, that information should be disclosed in Function of Financial Accounting
How Does Financial Accounting Work?
Financial accounting is a part of accounting that deals with the process of documenting, compiling, and presenting the numerous transactions resulting from corporate operations throughout time.
The main purpose of financial accounting is to deliver valuable financial data to customers outside of the corporate enterprise, especially creditors and investors. These users make important resource allocation choices that have an impact on the world economy. Financial statements and related notes are the main tools used to communicate financial information to external users. Financial accounting is primarily focused on information delivery to diverse external customers.
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prince is allocated 80 percent of all profits and losses with the remaining 20 percent assigned to robbins after interest of 10 percent is given to each partner based on beginning capital balances.
After the new investment, the total capital is $167,000 ($70,000 + $60,000 + $37,000).
However, based on the new investment, the indicated worth of the company is $185,000 ($37,000 x 20%). As a result, $18,000 in goodwill must be recorded, with the remaining $8,000 being allocated to the first two partners according to their respective profit-to-loss ratios: Prince—$14,400 (80%) and Robbins—$3,600 (20%).
Prince Jeffery Robbins $15,000 in total net income $8,440 in interest; $6,360 $3,700 (18,500) $(3,500)
Rest of funds to be distributed: 1,750, 1,050, 700, and 3,500 Allocation overall: $6,690 $5,310 $3,000
All interest-bearing debt plus shareholders' equity, which may comprise securities like ordinary stock, preferred stock, and minority interests, is referred to as total capital. A company's capital is the money it has on hand to cover both its ongoing expenses and potential future expansion. The four primary types of capital are working capital, debt, equity, and trading capital. Brokerages and other financial entities employ trading capital.
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Question:- Prince, Capital$70,000
Robbins, Capital 60,000
Prince is allocated 80 percent of all profits and losses with the remaining 20 percent assigned to Robbins after interest of 10 percent is given to each partner based on beginning capital balances.
On January 2, 2018, Jeffrey invests $37,000 cash for a 20 percent interest in the
partnership. This transaction is recorded by the goodwill method. After this transaction, 10 percent interest is still to go to each partner. Profits and losses will then be split as follows: Prince (50 percent), Robbins (30 percent), and Jeffrey (20 percent). In 2018, the partnership reports a net income of $15,000.
The production possibilities curve for the nation of economagic shifts to the left. this could have been caused by?
For the economic nation, the output potential curve moves to the left. This might have happened as a result of a battle that depleted the economy's resources.
The maximum output of two items with a fixed amount of input is measured by a production possibilities curve. The four variables of production—natural resources (including land), labor, capital goods, and entrepreneurship combine to make up the input. The most effective way to produce a pair of items is shown visually by the production possibilities curve. When resources are allocated to producing more of one good and less of another, the points on the curve represent how much of each good will be produced.
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