When mountain climbers purchase clothing for scaling mount everest, their purchases are primarily addressing __________ needs.

ocean corporation sells a product for​ $500 on account to great Atlantic sales. this transaction will be recorded in the sales journal.

Sales journal is an accounting journal that is used as a tool to record sales transaction activities. This sales transaction will be recorded in various accounts using debit and credit rules.

Usually the information stored in the sales journal for each transaction includes:

The sales journal basically only records accounts receivable, which means sales made in cash are not recorded in it.

Sales made in cash are recorded in the cash receipts journal account. But sometimes in practice there are still those who combine cash sales in the sales journal account.

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During the firm earned before taxes: a) $19,700, b) $72,800, c)21.30%, d) 34%

Taxes

Taxes are necessary contributions levied by a government entity, whether local, regional, or national, on individuals or corporations.

The accompanying schedule is used to compute the firm's tax liability:

Tax liability = base tax + marginal tax

= $13,750 + 34% of ($92,500-$75,000)

=$13,750+$5,950

=$19,700

b.  After-tax earnings Tantor Supply, Inc.'s 2013 is:

= taxable income - tax liability

=$92,500 - $19,700

=$72,800

c. The average tax rate for the firm is:

=tax liability / taxable income

=$19,700 / $92,500

=21.30%

d. The marginal tax rate of the company:

This is the tax on an additional dollar of income.

The effective rate of tax is 34%.

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Both the United States and Canada produce computer software and wheat. If Canada's opportunity cost of producing a bushel of wheat is lower than that of the United States, then Canada is considered to have a comparative advantage in producing wheat.

OPPORTUNITY COST: In economics, opportunity cost refers to the value of what you must forgo in order to choose something else.

The ratio of what you give up to what you get could be used as a formula to determine opportunity costs.

Canada and the U.S. both produce wheat and computer software. Canada is said to have the comparative advantage in producing wheat if The opportunity cost of producing a bushel of wheat is lower for Canada than it is for the U.S.

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Retained earnings is an account that consists of a company's cumulative net income less any losses and dividends declared since its inception.

What is Retained earnings ?

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A department's activity analysis for a time period is accounted for in four processes that involve study of:
(1) physical flow
(2) equivalent units
(3) cost per equivalent unit
(4) cost assignment and reconciliation.

Physical flow: In logistics networks, the movement of materials, goods, inventories, and other items is referred to as physical flow, with the primary direction of movement being from the point of origin to the site of consumption.

Equivalent units: This details the amount of work that has been done on a specific number of tangible objects. You can simply multiply the quantity of physical goods by the amount of effort done on them to determine equivalent units.

Cost per equivalent unit: It is calculated as the total of the beginning work-in-process costs and the costs added during this period divided by the equivalent units.

Cost assignment and reconciliation: It is the process of checking records to ensure that the project's expenses match ongoing activity in the project

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Surveys and interviews are the research method that would be best suited if we were hired by a real estate company to learn how the residents in a gated community feel about racial desegregation.

Surveys reflect a low-cost option research method for garnering a huge amount of data. They are a kind of descriptive research. They demonstrate the most excellent way to achieve a comprehension of an individual's attitude towards a matter. It provides a great aid in measuring a wide variety of unobservable data, such as stated preferences, traits, beliefs, behaviors, and factual information. It helps the researcher to determine validity, reliability, and statistical significance.

Interviews demonstrate a quantitative type of research method. This requires the researcher to ask questions and elicit facts or statements from the interviewee. It involves open-ended questions in a well-planned and executed manner.

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A 90-day note is signed on October 21. the due date of the note is January 19.

Reason:

90 days = 31-21=10 days in October + 30 days in November + 31 days in December + 19 days in January. Always start with the number of days in the first month and subtract the date of the note. (October: 31-21 = 10).

A bank will offer 90-day loan notes, a short-term financing option with a fixed interest rate, to clients or enterprises. Usually, a coupon is used to settle the note. This means that the full loan amount, plus interest, is due 90 days after the loan was issued.

A 90-day loan note is one of the many types of bank loans. It is known as a note rather than a bond since it has the shortest term available. Because it is a short-term loan, it has the highest annual percentage rate (APR) for repayment of any other bank loan. These loans are typically obtained in anticipation of a bonus or other unanticipated payment.

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The journal entries to record these transactions would include an A.credit to completed Goods65,000Work in Process65,000Cost of goods Sold71,000Finished.

A journal entry is a file of commercial enterprise transactions within the accounting books of a business. Well-documented magazine access includes the proper date, quantities to be debited and credited, an outline of the transaction, and a unique reference number. A magazine entry is the first step within the accounting cycle.

An entire journal entry is manufactured from 6 factors a reference number, date, account section, debits, credit, and a magazine rationalization. we can report those journal entries in either a standard journal or a special journal. There are three important kinds of journal entries compound, adjusting, and reversing.

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The correct option is (C) profit of $31.25.

The investor made a Profit of $31.25 on this transaction.

• A corporation may issue a bond known as a “corporate bond” to obtain capital for a number of purposes, including ongoing operations, mergers and acquisitions, or business expansion.

• The phrase is typically used to describe debt securities with a longer maturity of at least one year.

• Commercial paper is a term used to describe corporate debt instruments with a maturity of less than one year.

When the bond was sold, the investor made a profit of 3 1/8 points. We know that a bond is worth one point ($10), three points ($30), and an eighth of a point ($1.25). We have a profit of $31.25 after adding those figures together.

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The complete question is:

An investor purchased a corporate bond at 98 5/8 and sold the bond at 101 ¾. How much money did he make or lose on this transaction (excluding commissions)?

A)Loss of $31.25

B)Profit of $3.125

C)Profit of $31.25

D)Loss of $3.125

The five main goals of managerial accounting are supported by a variety of tools, methods, and viewpoints that offer value to a business.

The discipline of management accounting, often known as managerial accounting, is useful in giving the management financial information and the right resources to aid managers in decision-making.

Managerial accounting can be used to make both short-term and long-term choices about a company's financial health. Managerial accounting supports managers in making operational choices that aim to improve the operational effectiveness of the business and support long-term investment choices.

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Most immigrants who came to work in U.S. industries had worked in their home countries as Rural farm workers.

Immigrants in the international flow of people to a country of destination where they are not natives or citizens in order to establish themselves as long-term residents or legal residents. An immigrant is, to put it simply, a person who was born outside of the country they currently call home. That person will always be an international migrant, regardless of whether they have acquired citizenship in the country of destination, served in its army, wedded to a native, or have another status. A person who relocates to a new country is referred to as an immigrant. A woman who immigrates to the US from Mexico is an instance of an immigrant.

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Marnie makes regular annual payments of $5,000 to her individual retirement account (ira). if the amount of interest she earns is 5.6% per year, determine the future value of the account after 35 years. round to the nearest cent.  $511,914.48

Interest, which is often represented as an annual percentage rate, is the cost associated with borrowing money (APR). A lender or financial institution is paid money in interest as compensation for lending out money. A stockholder's percentage ownership in a corporation, which is typically stated as an interest, is another definition of interest. The financial fee for borrowing money is called interest, and it is typically stated as a percentage, such as an annual percentage rate (APR). Inflation rate, duration of loan, liquidity, and default risk are important variables that determine interest rates. Ownership in a business is another way to exhibit interest.

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Answer:

b

Explanation:

The future value of a Roth Individual Retirement Account will be $95,923. 88 (Option D)

"Simple" interest is the straightforward crediting of cash flows which is associated with some investment or deposit.

As the deposits are made at the year ending, the relevant formula that can be used here employing the formula to calculate Future Value or FV of ordinary Annuity.

FV = M * (((1 + r)^n - 1) / r)

FV = Future value after 30 years = ?

Given,

Substituting the values into the above equation

FV = $2,675.32 ×[tex](((1+0.012) 30-1)^3^0/0.012)[/tex]

FV = $2,675.32 × 35.8551048895342

FV = $95,923.88

The future value or FV of the account is FV = $95,923.88

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Answer:D) $95,923. 88

Explanation:edge

An AWS feature which would be used in order to track your Reserved Instance usage is the AWS cost and usage report.

The Amazon Web Services (AWS) cost and usage report contains the most comprehensive set of AWS cost and usage data available, which also includes additional metadata about AWS pricing, services, and reservations. For example, Amazon EC2 Reserved Instances.

AWS is architected in order to be the most secured and flexible cloud computing environment which is available today. Whereas, an Amazon Reserved Instance (RI) is a billing discount which allows a person to save on their Amazon EC2 usage costs.

Hence, Reserved Instances provides a person with savings on their Amazon EC2 costs.

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Given the exchange rate of  NK:USD is 10:1 means 1 dollar is divided by 10 to get the Norwegian Kroner, Similarly exchange rate of

NK: ER is 12:1 means 1 euro is divided by 12 to get the Norwegian Kroner through which we get  8,333.4 USD if we use 1,000,000 euros

Norwegian Kroner(NK) : Euro Rate(ER) = 12:1

1,000,000 euros will be 83,334 i.e., (1,000,000)*1/12  = 83,334

But, Norwegian Kroner : USD = 10:1

So, the money after facing the exchange rate will be 8,333.4 USD

(83,334)*1/10 = 8,333.4

The exchange rate is the cost of one country's currency in comparison to another country's currency. The exchange rate is "fixed" when countries use gold or another recognized standard and each currency is valued at a specific quantity of the metal or other standard.

Calculations of how much one currency will exchange for another are usually done using data from each of the nations' economies, market interest rates, gross domestic products, and unemployment rates. They are widely referred to as market exchange rates and are established in the global financial market.

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Initial investment = $8,500 Cash flow in 1 year initial investment of today and will pay in one year.

Investment is the commitment of a resource to a value increase over time. To invest, one must give up a current resource, such as time, money, or effort.

Profiting from the asset being financed is the aim of financial investment. Returns from investments might come in the form of dividends, interest, rental income, or a combination of income and capital gains. Unrealized capital gains (or losses) or income from investments, such as unrealized capital gains, can also be a type of it. The return could also include monetary gains or losses brought on by changes in foreign exchange rates.

Investors can often expect larger returns on riskier investments.

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greg is practicing strengths based management

Whether it's a company, a nonprofit, or a government agency, management (or managing) is the administration of the organisation. It is the science and art of managing the business's resources. Setting an organization's strategy and organising the work of its staff (or volunteers) to achieve its goals through the use of resources such as financial, natural, technological, and human resources are all included in management. In management, the terms "run the business" and "change the business" are used to distinguish between the continuation of the delivery of goods or services and their adaptation to satisfy the changing needs of customers - see trend. Managers are another group of individuals who fall under the umbrella of "management."

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Any activity that sells products or services to customers with the intention of making a profit is considered a business.

Consumers are people or groups who desire to order things, use things they've bought, or use them for purposes that are largely social, familial, domestic, or similar and have nothing to do with business or entrepreneurial activity.

A consumer in an economy buys goods or services primarily for their own use as opposed to reselling them or using them for business purposes. Customers must spend money to purchase goods or services (or an equivalent). then consume (use up). Therefore, consumers are a vital part of any economy and have a significant impact on the economic structure of a capitalist society.

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In the united states, workers displaced by trade can adjust the easiest for those in the service industries and those in the manufacturing industries.

The voluntary exchange of commodities or services between economic players is referred to as a trade. Since interactions are voluntary, trade is typically thought to be advantageous to both sides. Trading in the financial industry refers to the buying and selling of securities or other assets. Trade is characterized as the act of trading items, the marketplace where people purchase and sell products, or as a means of generating income. The trade-in tea, which involves importing tea from China and buying it in the US, is an illustration of trade. Working in sales is an example of trade.

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The widely accepted theory of corporate strategic planning is straightforward current strategy:

top management evaluates its current strategy over a time horizon of several years while keeping an eye out for opportunities and threats in the outside world as well as by looking at the company's resources to determine its strengths and weaknesses. The management may create a number of different strategic scenarios and evaluate them in light of the organization's long-term goals. Management details the activities to be taken soon in order to start implementing the chosen strategy (or continuing a revalidated one).corporate Strategic planning is a less formal, nearly continuous process in smaller businesses. The president often meets with a small group of his managers to discuss strategic concerns and determine their future course of action. They don't require a complex, organised planning framework. Executives are able to examine strategic alternatives and the repercussions of their actions on an as-needed basis because to the functional organisation, even in relatively large but undiversified firms. current strategy Typically, there are only a few important executives involved in these choices, and they are all nearby enough to frequently meet for a casual get-together.

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The primary aim of strategic management at the business level is achieving a competitive advantage.

Business is the pastime of making one's dwelling or creating wealth via producing or shopping for and promoting products. it's also "any pastime or employer entered into for income.

A commercial enterprise is defined as an agency or enterprising entity engaged in industrial, commercial, or expert sports. organizations can be for-profit entities or non-income organizations. commercial enterprise sorts variety from restricted legal responsibility agencies to sole proprietorships, organizations, and partnerships.

The definition of commercial enterprise is a career or exchange and the purchase and sale of services or products to make earnings. An instance of commercial enterprise is farming. An instance of business is a residence sale.

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Differential cost is the difference in average cost between two alternatives.

Differential cost refers to the difference between the price of two opportunity selections. The fee happens while a business faces several similar options, and a preference ought to be made by using selecting one alternative and dropping the other.

A differential in accounting compares the cost of two or more gadgets or the final results of 1 desire over another. The distinction in cost between the picks is the differential price. Opportunity price, then again, represents the benefits you may omit out on whilst selecting one alternative over any other.

So, the differential cost is the result of an opportunity direction of movement. For example, difference in charges can also rise up due to alternative of labor by machinery and distinction in fees of opportunity courses of movement will be the differential price.

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The present value of a 670 payment in three years when the discount rate is 7 percent i  $546.92.  

Cash flow refers to the net balance of coins stepping into and out of an enterprise at a specific factor in time. cash is continuously entering into and out of an enterprise. for example, when a retailer purchases stock, money flows out of the commercial enterprise closer to its suppliers.

Cash flow is a dimension of the number of coins that comes into and from your commercial enterprise in a specific time period. when you have advantageous coins flow, you have got greater cash coming into your enterprise than you've got leaving it so that you pay your payments and cowl other expenses.

$546.92        

Statement showing Cash flows      

Particulars   Time   PVF 7%   Amount   PV

Cash flows                    1.00                 0.9346                                           -                                             -  

Cash flows                    2.00                 0.8734                                           -                                             -  

Cash flows                    3.00                 0.8163                                 670.00                                 546.92

Present value of Cash Flows                546

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Firstly in this Job Costing we need to calculate overhead rate by dividing total estimated overheads with total direct labour hours, And then evaluate total cost by adding direct material, direct labour & overheads allocated. Through which we get overhead rate as $9 and total cost as $61,520

Predetermined manufacturing overhead rate = total estimated overhead costs ÷  total direct labour hours

Over head rate = (680,000 ÷ 80,000) + 0.5 = $9 per direct labor hour

Calculation of Total cost:

Total cost= direct material + direct labor + overheads allocated

Total cost= 38,000 + 21,000 + 280*9

Total cost= $61,520

Hence Total Job cost is $61,520.

A job order costing method totals all the expenses related to a particular batch of goods. Small batch sizes are ideal for this method, especially when each batch's goods differ from those produced by previous batches.

A system for job order costing might be very intricate. It must monitor data from various sources, such as the following:

Only the line items relevant to a job should be charged to that job from supplier invoices.

Payroll records, which may also include payroll taxes, overtime, and shift differentials, from which the hours worked on a given job are charged to that job.

When inventory goods are removed from stock and charged to a job as needed, material expenses are incurred.

An overhead allocation that comes from a cost pool and is applied to each work in accordance with some type of utilization, such as the number of labor hours used or the number of machine hours used.

Your answer is incomplete. Kindly find the missing content below:

Tech Solutions is a consulting firm that uses a job-order costing system. Its direct materials consist of hardware and software that it purchases and installs on behalf of its clients. The firm's direct labor includes salaries of consultants that work at the client's job site, and its overhead consists of costs such as depreciation, utilities, and insurance related to the office headquarters as well as the office supplies that are consumed serving clients. Tech Solutions computes its predetermined overhead rate annually on the basis of direct labor- hours. At the beginning of the year, it estimated that 80,000 direct labor-hours would be required for the period's estimated level of client service. The company also estimated $680,000 of fixed overhead cost for the coming period and variable overhead of $0.50 per direct labor-hour. The firms actual overhead cost for the year was $692,000 and its actual total direct labor was 83,000 hours. Required: a. Compute the predetermined overhead rate. b. During the year, Tech Solutions started and completed the Xavier Company engagement. The following information was available with respect to this job: Direct Material $38,000Direct Labour Cost $21,000Direct Labour hours worked 280Compute the total job cost for the Xavier Company engagement.

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Assume that crackers and soup are complementary goods. The effect on the soup market of an increase in the price crackers (other things being equal) would best be described as a decrease in the quantity of soup demanded.

A good that adds value to another good or service is said to be complementary. To put it another way, they are two items that the customer uses in tandem with one another. For instance, cereal and milk or a DVD and a DVD player.

A complementary good in economics is one whose appeal rises along with the appeal of its complement. Technically speaking, it exhibits a negative cross elasticity of demand, meaning that when the price of one good decreases, demand for it also rises.

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Outsourcing was mainly limited to Manufacturing activities in the early years of globalization.

The process of contact and integration between individuals, organizations, and governments on a global scale is known as globalization. The development of communications and transportation technologies since the 18th century has contributed to the acceleration of globalization.

This indicates that many traditions and practices that small communities share have spread to other communities that (before) had different practices and even different beliefs. The trading of goods like coffee or avocados is one good illustration of cultural globalization.

The phenomenon of globalization is complicated. As a result, it significantly affects a number of aspects of modern societies. Let's examine some of the biggest adverse repercussions of globalization thus far.

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At the financial statements of Andrews will this: growth internet cash from Operations on the coins waft declaration.

Financial statements are written information that brings the business activities and the financial performance of a business enterprise. economic statements are regularly audited by way of government agencies, accountants, companies, and so on. to ensure accuracy and for tax, financing, or making investment purposes. The earnings announcement, stability sheet, and statement of coins flows are required economic statements. those three statements are informative equipment that buyers can use to research an agency's financial power and offer a short photo of a corporation's economic health and underlying price.

Financial statements are formal statistics of the financial activities and role of a business, individual, or other entity. relevant monetary facts are presented in a dependent manner and in a shape that is simple to understand.

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China is now the second-largest economy and the third-largest market for U.S. exports. India is one of the fastest growing market

Parties can congregate in a market to facilitate the trade of goods and services. Typically, the parties involved are buyers and sellers. The market may be actual, like a physical store where customers interact with each other in person, or it may be virtual, like an online market, where customers and sellers do not interact physically. The availability of an arena, buyers, and sellers, as well as a product that can be bought and sold, are some of the fundamental features that help define a market. A market is any location where two or more parties can come together to conduct an economic transaction, even one that doesn't include cash.

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Several u.s. compliance laws provide confidence in the financial markets. shareholders are the primary beneficiaries of these laws.

Anyone who holds at least one share of a company's stock or unit in a mutual fund is referred to as a shareholder. The firm is primarily owned by its shareholders, who also have specific rights and obligations. With this ownership structure, they can benefit from a company's success.

In general, a shareholder is an investor since they expect their investment in their firm stock to generate a profit for them. By this reasoning, however, an investor is not necessarily a shareholder because they can invest in a corporation without obtaining shares.

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The velocity of change  required to remain competitive or simply keep up has created an organizational climate in which hundreds of projects are implemented concurrently.

The competitiveness of an organization is achieved in conjunction with various organizational actions, such as its strategy and management. Some of the most essential characteristics to achieve competitive advantages are through innovation, quality in products and services and organizational ethics.

With the increase in competitiveness in the globalized environment, companies need to stand out in several areas, therefore, several projects are implemented simultaneously, requiring management that includes:

Therefore, to remain competitive, a company must be innovative and offer value to its stakeholders through joint efforts.

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