The income statement reports all of the revenues and expenses incurred by a company during a period of time, resulting in either a net profit or a net loss.
The statement of cash flows reports the cash inflows and outflows for a company during a period of time. The balance sheet reports the assets, liabilities, and equity of a company at a point in time.The accrual basis of accounting recognizes revenues when they are earned and expenses when they are incurred, regardless of when the cash is actually received or paid.
The cash basis of accounting recognizes revenues when cash is received and expenses when cash is paid.Accrual adjustments are necessary in order to convert from the accrual basis of accounting to the cash basis of accounting, or vice versa. To convert from the accrual basis to the cash basis, accrual-basis revenues are reduced by accrual-basis expenses that have not yet been paid.
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in the seasonal and trend forecasting model, the seasons must be the same length. group of answer choices true false
The seasons must have the same length in the seasonal and trend forecasting model, which is untrue.
A season is a division of the year that is based on variations in weather, ecology, and the number of daylight hours in a particular place. Seasons on Earth are caused by the Earth's orbit around the Sun and its axial tilt relative to the ecliptic plane. Seasons are distinguished in temperate and polar regions by changes in the intensity of sunlight that reaches the Earth's surface, fluctuations of which drive animals to hibernate or migrate, and vegetation to become dormant. Various civilizations define the number and type of seasons depending on regional variances, and as a result, the number of seasons differs among present and historical cultures.
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What would be the main benefit of paying in cash for a car instead of taking out a loan?.
Answer:
You can pay immediately, with no charge from your bank when paying with cash.
Explanation:
if policymakers impose import restrictions on clothing, the u.s. trade deficit will shrink. a. true b. false
True. When restrictions are imposed, the quantity of imports will decrease, resulting in a smaller trade deficit (the sum of the total value of imports and exports).
What is it called when import restrictions are imposed?
A tariff is a tax a nation imposes on goods and services imported from another nation in order to influence that nation, generate revenue, or safeguard its competitive advantages.
How do trade restrictions affect things?
Free trade can be hindered, rich nations favored, product choices restricted, prices increased, net income decreased, employment decreased, and economic output decreased as a result of trade barriers. Due to the government's strong influence over the law, it is often used as a trade barrier.
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an education company is uploading image assets for their app campaign. what are three guidelines they should follow to optimize their image asset mix?
An education company is providing visual assets for its app marketing. The three recommendations they should follow to optimize their image asset mix are as follows: Include broad borders to improve image clarity.
A business, abbreviated as co., is a legal body that represents an association of persons, whether natural, legal, or a combination of the two, with a specified goal. Members of the company work together to attain certain, stated goals. Companies can take several shapes. A business can be formed as a legal person so that the company itself has limited responsibility as members perform or fail to perform their duties in accordance with the publicly stated incorporation or published policy. When a firm closes, it may need to be liquidated in order to avoid ongoing legal liabilities.
Corporations can form alliances and register as new companies as a group; the resulting entities are generally referred to as corporate groups.
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the market structure where there are so few sellers that each one needs to watch what the others are doing is referred to as
The market structure where there are so few sellers that each one needs to watch what the others are doing is referred to as Oligopoly market.
Market structure is the way industries are classified and differentiated based on their competition for products and services.
There are 4 types of Market Structure:
Monopolistic competitionOligopolyMonopolyPerfect competitionMonopolistic Competition is a market where there are many producers offering similar but not identical products. In this market, decision of one producer will not directly affecting other producers. Eventhough the products offered in this market is similar, but they are not perfect subtitution for another.
Oligopoly is a market where many small producers are offering similar products to the market. Those small producers are controlling he majority of market share together. In this market, a decision made by one producer could affecting other producers.
Monopoly is an economy in which a producer is dominating the market. This producer is owning the whole market share and controlling the prices. This type of market is usually happened for critical products such as gasolilne and electrics.
Perfect competition is a market structure with many producers and many buyers in it. All of producers have similar small market share and they don't have any power to control the prices. The price in this market is defined by the equilibrium point of the supply and demand curve.
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jasmine corporation has a sales price of $20, variable costs of $16 per unit, and fixed costs of $22,000. contribution margin is $58,000. how many units did jasmine sell?
Jasmine Corporation's selling price of $20, variable cost per unit of $16, Jasmine sold 14,500 units. Here option D is the correct answer.
The contribution margin per unit is calculated by dividing the selling price of the product by the variable cost of manufacturing. The contribution margin per unit is the amount each sale brings to pay fixed costs. Profit per unit sold is shown if fixed costs are covered.
The selling price per unit is the amount that a customer will pay for a single item. For example, the price a customer pays for one book would be the selling price per unit for a business that makes books.
The margin of contribution per unit = Price per unit of sale - Variable Cost per unit
Contribution margin per unit = $20 - $16
= $4
No. of units = Total contribution margin/contribution margin per unit
= $58,000/$4
= 14,500 units
Complete question:
Jasmine Corp. has a selling price of $20, variable costs of $16 per unit, and fixed costs of $22,000. The contribution margin is $58,000. How many units did Jasmine sell?
A - 13,000
B - 20,500
C - 6,300
D - 14,500
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which accounting type allows for accounts receivable (ar) to be recorded at the time of service delivery rather than
Accounting type that allows for Account Receivable (AR) to be recorded at the time of service of delivery rather than when the money is received called Accrual Basis of Accounting.
Accrual Basis of Accounting is one of 2 basis on accounting which records revenues when earner and expenses as it incurred. This approach does not relay on the cash existence in every transaction. This approach will impact the balance sheet because the receivable or payables would be recorded even in the absence of a related cash receipt or payment.
Accrual Basis of Accounting provides more accurate picture of the company's performance and finances. Decision making process could be easily done because this type of accounting allows company to predicts the future condition and long-term of their financial statement.
However, doing accrual basis of accounting maybe confusing because we not only have to focus on our invoices but also on the company's bank accounts. The company may also be taxed by the services or works they've not been paid for.
Another type of accounting is Cash Basis of Accounting. Cash Basis of Accounting recognizes every transaction based on the existence of the cash receipt or payment. Cash basis of accounting will only record and recognize income and expenses when money do change hands.
Cash Basis of Accounting is more simple and show clearly about the amount of money on hand. A company who is using this kind of accounting type only have to pay tax based on the money they have received.
However recording the transaction mainly based on the cash movement is not accurate. Some works may have been done but not yet received the payment, or many expenses and bills may already take place but haven't been paid. When making management decision, this type of accounting could hinder the decision making process because the company only have a day-to-day finance informations.
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(02.02 mc) some americans prefer a single income tax rate because it (5 points) group of answer choices is easier to calculate would increase the government's revenue means everyone would pay the same income percentage in taxes it would reduce the percent of income poorer families pay in income taxes
Tax systems come in three basic varieties. Higher levels of income are subject to higher tax rates under a progressive tax system. On the other hand, in regressive tax systems, higher levels of income are subject to lower tax rates. Lastly, in a system with a flat tax, you pay the same tax rate on all income levels.
Which three kinds of tax systems exist?A progressive tax is one that taxes more of a person's income from people with higher incomes than from people with lower incomes. A proportional tax is one that imposes the same tax on all income groups. regressive tax: A tax that takes a larger share of income from groups with lower incomes than from groups with higher incomes.
What is a system of tax rates?
The percentage at which a person or business is taxed is known as a tax rate.The federal government as well as many of the states in the United States employ a progressive tax rate system, in which a person's or entity's taxable income is multiplied by the percentage of tax that is levied.
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jake is another investor who currently owns shares of esolver stock. he would like to place a particular kind of limit order, in which the order is canceled if it cannot be executed immediately at the specified price or better. this type of order is known as
Jake is another investor who currently owns settlement stock. he wants to place a specific type of limit order, where the order is canceled if it cannot be filled immediately at the specified price or better. This type of order is known as good-till-canceled order.
A Good-Till-Canceled (GTC) order is an order to buy or sell a stock that lasts until the order is completed or cancelled. Brokerage firms often limit the time an investor can open a GTC order. This timeframe can vary between brokers.
Daily orders will remain active during the current day and automatically canceled at the end of the day if they have not been filled. Otherwise, the GTC command remains in effect until it is executed or deleted.
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one of the last padgett beale campgrounds that used a telephone reservation and cash only process has decided to accept credit cards through the use of a portable credit card reader service (e.g. square) through a smart phone. what are the risks to the campground?
One of the last padgett Beale campgrounds that used a telephone reservation and cash-only process the loss of the phone will result in the theft of customer information.
When two or more users are too far apart to hear each other clearly directly, they can communicate by using a telephone, a telecommunications device. A telephone converts sound—typically and most effectively the human voice—into electronic signals that are sent via cables and other communication channels to another telephone, which reproduces the sound for the user on the receiving end. In India, the reservation system is an example of affirmative action that gives historically underrepresented groups representation in government programs, banking, health, insurance, higher education abroad, and politics. reservation a qualm or feeling that you do not fully concur with something: I still have concerns about her ability to perform the job.
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The lecture on film genre described the hollywood system of film genres as offering both ________ and _______.
The lecture on film genre described the hollywood system of film genres as offering both Representation and position.
The purpose, tone, and some of characteristics the classification criteria that are taken into account.Drama, comedy, and action are asmall number of the movie’s genre. In action movies, it typically entails an automobile chase and a struggle with weapons. For humour, it entails characters that are humorous hilarious gestures or sentences. Drama entails weeping and crying in plenty.It is best to contrast the documentary from every other moment, taking into account how Schrader’s formulation phase was implemented for both the traditional and current black senses. The 1944 film “Double payment” by Billy Wilder looks to be the key black text of the cinematography age.
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the following budgeted information relates to green power inc.: cost of goods manufactured $3,000 cost of goods available for sale $3,150 beginning finished goods inventory $125 ending finished goods inventory $200 what amount of cost of goods sold will be reported on the budgeted income statement by green?
Green's cost of goods sold will be reported on the budgeted income statement as $2,925.
A budgeted income statement (also known as a budget income statement) is a document that estimates and evaluates a company's revenue and expenses. It's a planning tool many businesses use at the start of the fiscal year to develop and finalize their annual budgets. These statements assist companies in making better decisions and allocating resources appropriately, ensuring that they are as prepared for the future as possible.
A budgeted income statement focuses on projections for the coming year or another time period. Some businesses may divide this financial report into smaller monthly or quarterly sections for a more granular assessment. To create this statement, you must forecast and estimate all revenue and expenses.
These estimated figures are frequently included in a budget income statement:
Net sales Gross profitProfit after taxesIncome taxationBefore-tax earningsFor more information on the Budgeted Income statement, visit :
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raymond co. has $1.4 million of debt, $2.5 million of preferred stock, and $1.2 million of common equity. what would be its weight on debt? 0.27 0.54 0.24 0.44
The weigh of the raymond.co debt is 0.5
Weigh of debt
Weigh of the debt is calculated by dividing the market value of the company's debt by sum of the market values of equity and debt.
Given,
Raymond co. has $1.4 million of debt, $2.5 million of preferred stock, and $1.2 million of common equity.
Here we need to find the weight on debt.
According to the given question, we have identified the following details,
Debt = $1.4 million
Preferred stock = $2.5 million
Common equity = $1.2 million
In order to find the weigh of debt, we have to find the total assets, by adding all the values, then we get,
=> 1.4 + 2.5 + 1.2
=> 5
Now, the weigh of debt is calculated as,
=> preferred stock/ total
=> 2.5/5
=> 0.5.
Therefore, the weigh of the debt is 0.5.
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question content area a check for $342 was erroneously charged by the bank as $432. in order for the bank reconciliation to balance, you must add $90 to the bank statement balance. true false
In order for the bank reconciliation to balance, you must add $90 to the bank statement balance - True
A bank statement is a document that is delivered by a bank at the end of the month, detailing the balance of our accounts as well as any transactions that have occurred. Usually, the bank automatically withholds and processes the fees from the bank account. Therefore, any costs deducted from the account must be recorded by creating a journal entry when creating a bank reconciliation statement.
In the bank reconciliation statement, Interest earned is another factor that needs to be adjusted. In the example, the bank mistakenly charged $342 as $432, so the balance will be corrected by adding $90 to ensure that the final accounts are accurate.
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the exchange value of a good or service (the value that an item can be exchanged for in the marketplace) is called
The exchange value of a good or service (the value that an item can be exchanged for in the marketplace) is called price.
A price is the amount of money that is (often not negatively) exchanged from one party to another in exchange for their goods or services. The cost of production may go by another name in some circumstances. If a product is classified as a "good" in a commercial exchange, its price is most likely to be referred to as such.
However, there will be alternative titles for this thing if it is a "service." For instance, the graph at the bottom will display various circumstances. Production expenses, the availability of the desired item, and consumer demand all have an impact on a good's pricing. A price may be set by a monopolist or imposed on the company by the market.
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paid $70,000 cash to replace a motor on equipment that extends its useful life by four years. paid $350 cash per truck for the cost of their annual tune-ups. paid $280 for the monthly cost of replacement filters on an air-conditioning system. completed an addition to a building for $393,750 cash. 1. classify the above transactions as either a revenue expenditure or a capital expenditure. 2. prepare the journal entries to record the four transactions from part 1.
Paid $70,000 cash to replace a motor on equipment that extends its useful life by four years. paid $350 cash per truck for the cost of their annual tune-ups Capital expenditure.
Capital expenditures (CapEx) are funds used to purchase, repair, upgrade, or improve a company's fixed assets. B. A building, company, or facility. CapEx is different from day-to-day business, which falls into the category of operating expenses.
Capital Expenditure (CapEx) is the money a business uses to purchase, upgrade, or extend the life of an asset. Investing is a long-term investment. In other words, the useful life of the acquired asset is more than one year.
Capital expenditures are recorded in the PP&E section of the balance sheet. CapEx is also included in the investing activity section of the cash flow statement. Fixed assets are depreciated over time to spread the cost of the asset over its useful life.
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If student loans are such a problem, why do you think so many students borrow money?.
Students borrow money although student loans are such a problem because college tuition has grown a lot faster than income. They don't have the money needed to continue their education, therefore needing to take a loan.
A student loan is a loan a student took to pay for higher education expenses, such as tuition, supplies, books, and living expenses. In the U.S., college costs (and all its related expenses) are getting very expensive at a much faster rate than income, especially compared to other wealthy countries that have subsidized education. Most people who took student loans for their higher education are having difficulties in saving, which result in them hardly being able to afford a house. They are also less likely to take out car loans.
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7. what is nash equilibrium of this price-setting game? a. grocery store 1: low price grocery store 2: lowprice b. grocery store 1: low price grocery store 2: highprice c. grocery store 1: high price grocery store 2: lowprice d. grocery store 1: high price grocery store 2: highprice
A situation known as "nash equilibrium" in game theory is one in which, after taking into account the strategy of the opponent, a player will continue with their chosen strategy without any incentive to alter it.
In this game about cleaning a dorm room, what is the Nash Equilibrium?
consumers will pay less. The fact that oligopolists have incentives to increase production above the monopoly outcome despite the fact that the monopoly outcome is advantageous to them demonstrates the paradoxical nature of oligopoly.
What is Nadia's most effective tactic?
Depending on Maddie's decision, Nadia has two dominant strategies: Clean and Don't Clean.
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z, inc. had net income after taxes of $3,000,000. it had 9,000 shares of stock outstanding at the beginning of the year and 12,000 shares at the end of the year. what are its earnings per share (eps)?
Earnings per share, or EPS, were $285.71.
What constitutes a high earnings per share?Stocks rated 80 or higher have the best chance of success. By repurchasing shares and reducing the total number of shares outstanding, the company can increase his EPS number. Therefore, a significant increase in revenue requires a significant increase in revenue.
EPS = Period-End Common Shares Outstanding / (Net Income - Preferred Dividends). For example, a company named XYZ has a net turnover of $1 million. The preferred dividend is $200 thousand and there are currently (on average) $400 thousand ordinary shares in issue. Earnings per share is calculated by dividing net income by average number of shares outstanding.
= $3,000,000 / ((9,000+12,000) /2)
= $3,000,000 / (21000/2)
= $3,000,000 / 10,500
= $285.71 per share
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joyner company has the following historical collection pattern for its credit sales: 60% collected in month of sale 20% collected in the first month after sale 15% collected in the second month after sale 4% collected in the third month after sale 1% uncollectible budgeted credit sales for the last six months of the year follow. july $ 49,000 august 54,000 september 59,000 october 64,000 november 69,000 december 61,500 required: a. calculate the estimated total cash collections during october. b. calculate the estimated total cash collections during the year's fourth quarter.
An estimate of the anticipated cash payments and receipts during the budget period is known as a cash budget. It is a crucial cash management tool that assists in determining whether there will be cash surpluses or shortages during the period.
How Does a Cash Budget Work?An estimate of a company's cash flows over a specific time period is called a cash budget.This could be done for an annual, quarterly, weekly, or monthly budget.The purpose of this budget is to determine whether the company has enough cash on hand to continue its operations for the allotted amount of time.
How crucial is the cash budget?For determining a company's financial stability, a cash budget is essential. You can keep track of how much money comes into and goes out of a business over time with this budget.
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consider pacific energy company and atlantic energy, inc., both of which reported earnings of $790,000. without new projects, both firms will continue to generate earnings of $790,000 in perpetuity. assume that all earnings are paid as dividends and that both firms require a return of 11 percent. what is the current pe ratio for each company? pacific energy company has a new project that will generate additional earnings of $175,000 each year in perpetuity. calculate the new pe ratio of the company. atlantic energy has a new project that will increase earnings by $350,000 in perpetuity. calculate the new pe ratio of the firm.
a) PE ratio = 9.09 times
b) PE ratio = 11.10 times
c) PE ratio = 13.12 times
a) as this is a case of perpetuity with no growth rate
PE ratio for each company = 9.09 times
Explanation: Please refer to the solution in this step.
b) if pacific energy has additional earnings of 175,000
PE ratio = 11.10 times
Explanation: Please refer to the solution in this step.
c) if Atlantic energy has additional earnings of 350,000
PE ratio = 13.12 times
Explanation: Please refer to the solution in this step.
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assume that medicare part b pays for 70% of the cost of a trip to your doctor. what is the name of the policy that may pay the remaining 30% of the approved medical costs?
The name of the policy that may pay the remaining 30% of the approved medical costs is a supplemental insurance policy.
A different form of insurance aids in covering medical expenses not covered by a person's primary health insurance plan. Copayments, coinsurance, and deductibles are some of these expenses. Supplemental health insurance comes in many various forms, such as vision, dental, hospital, accident, disability, long-term care, and Medicare supplemental policies.
Additional health insurance plans are also available for certain ailments, such as cancer, stroke, or kidney failure. Other costs associated with an illness or injury may also be covered by some supplemental health insurance policies, including those for lodging, meals, travel, and other necessities.
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joan is concerned about her company's liquidity. of the following parts of the balance sheet, which would provide her with the information she needs? a.) equity b.) current assets c.) calculate the total liabilities d.) non-current assets
(b)Current assets of the company will give the information required by Joan.
A financial statistic called a liquidity ratio is used to assess a company's capacity to settle its short-term loan obligations. The statistic aids in figuring out if a business can use its liquid, or current, assets to pay its current liabilities.
The current ratio, quick ratio, and cash ratio are the three liquidity ratios that are most frequently utilized. The amount of current liabilities is put in the denominator of the equation for each liquidity ratio, and the amount of liquid assets is put in the numerator.
Ratios above 1.0 are desired due to the ratio's structure, which places assets on top and liabilities at the bottom. With a ratio of 1, a business can fully cover all of its current liabilities with its cash on hand.
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iven a prior forecast demand value of 1,100, a related actual demand value of 1,000, and a smoothing constant alpha of 0.3, what is the exponential smoothing forecast value? multiple choice 1,130 1,030 1,070 970 1,000
The exponential smoothing forecast value is Option(b) 1,030.
Given in the Question:
Forecast demand value = 1,100
Actual demand value = 1,000
Smoothing constant alpha = 0.3
Now, we will compute the exponential smoothing forecast value:
Exponential smoothing forecast value = 1,000 + 0.3 x (1,100-1,000)
Exponential smoothing forecast value = 1,000 + 0.3 x (100)
Exponential smoothing forecast value = 1,000 + 30
Exponential smoothing forecast value= 1,030
Hence, the exponential smoothing forecast value is 1,030.
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carlito is considering the purchase of a new lawnmower for his home. he has a few options in mind and begins evaluating them in terms of price, warranty, and service. these components can best be described as part of the
He has a few options in mind and begins evaluating them in terms of price, warranty, and service. These components can best be described as part of the Product part .
What is a Warranty?
A warranty is a promise that a producer or other similar entity makes about the state of their product. It also refers to the conditions and circumstances under which fixes or exchanges will be provided in the event that the product does not perform as originally intended or stated. Typically, warranties feature exclusions that restrict the circumstances in which a manufacturer is required to fix a defect. For instance, many home appliance warranties only cover the equipment for up to a year after the date of purchase. In general, they are only covered if the product has issues because of subpar materials or poor workmanship. Numerous vendors provide extended warranties as a result of the constrained manufacturer warranties. Extended warranties are essentially paid-for product insurance packages.To know more about Warranty visit:
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the entry that includes a debit to allowance for doubtful accounts and a credit to accounts receivable is a(n) . multiple choice question. adjusting entry to allow for estimated bad debts net realizable entry to report the amount expected to be collected write-off of a specific customer's account subsidiary entry to increase a customer's account for credit sales
The entry that includes a debit to allowance for doubtful accounts and a credit to accounts receivable is "adjusting entry to allow for estimated bad debts''.
In the accounts, the purpose of the allowance for doubtful accounts is to estimate how many customers out of the 100 will not pay the full amount they owe and to see exactly how payments work out, the company will debit a bad debt expense and credit allowance for doubtful accounts.
To record adjusting entry for doubtful accounts are assuming that the allowance for doubtful accounts has a credit balance, subtract the amount of the credit balance from the amount estimated to be uncollectible to get the amount of the adjusting entry in the accounts.
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suppose that bertie has 2000 hours available in the year. he earns a wage of $10 per hour. the government introduces a welfare program that provides $6,000 in benefits to anyone who is not working. the benefit is reduced by $1 for every $2 the individual earns in the labor market. what is the break even level of hours worked?
Break even time is the amount of time required for the discounted cash flows generated by using a undertaking to equal its preliminary cost.
For example, if it takes two years for a venture to generate $1,000 on a discounted basis to offset its $1,000 startup cost, the project's ruin even time is two years.
How do you calculate ruin even level?To calculate the break-even factor in devices use the formula: Break-Even factor (units) = Fixed Costs ÷ (Sales charge per unit – Variable costs per unit) or in sales bucks the usage of the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin.
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https://brainly.com/question/24233845#SPJ4conversion to an e-commerce or m-commerce system enables organizations to increase the accuracy of order processing and order fulfillment. group of answer choices true false g
Conversion to an e-commerce or m-commerce system enables organizations to increase the accuracy of order processing and order fulfillment is true.
What is e commerce?
The action of electronically purchasing or reselling goods using online services via the Internet is known as e-commerce (or electronic commerce). Mobile commerce, electronic funds transfers, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data gathering systems are just a few of the technologies that are used in e-commerce. The greatest sector of the electronics industry, e-commerce is fueled by the technological developments of the semiconductor sector.
The word was created and used for the first time by Dr. Robert Jacobson, Principal Consultant to the Utilities & Commerce Committee of the California State Assembly, in the 1984 law's title and text. It was sponsored by the late Gwen Moore (D-L.A.), the committee's chairwoman.
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if a perfectly competitive firm increases production from 10 units to 11 units and the market price is $20 per unit, total revenue for 11 units is:
The total revenue for 11 units, given the market price per unit and the number of units, is $220.
How to find the revenue?In a perfectly competitive market, the market price is the same as the average revenue and the marginal revenue. This is because the market sets the price and the sellers need to follow.
Even if the number of units sold by a firm increases ( as it did from 10 units to 11 units) the selling price and therefore average revenue is the same.
This means that the total revenue for 11 units is:
= Number of units x Market price
= 11 x 20
= $220
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frederick corporation issues $100,000 of 8% bonds, due in 20 years, when the market rate of interest is 7%. interest is paid semiannually on june 30 and december 31. the issue price of the bonds is:
The bond is issued at a premium.
Which bonds will be priced higher than others?A premium bond is one that trades in the secondary market for more than its par value (original price). When a bond offers an interest rate that is higher than the currently available interest rates being offered for new bonds, it will trade at a premium. When a bond is issued for a sum greater than its principle, a bond issuance premium is created. When the stated interest rate on the bond is higher than the bond's current market yield, the issuer will issue the bond and the
feedback:
Correct. Given that the stated interest rate is 7%, the bond is being offered at a premium.
First, figure out the stated interest rate and then compare it to the going rate.
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