For the questions below, select the appropriate answer.
Are households primarily buyers or sellers in the goods and services market?
Are households primarily buyers or sellers in the labor market?
Are firms primarily buyers or sellers in the in the labor market?
Are firms primarily buyers or sellers in the goods and services market?
A Buyers
B. Sellers
C. Neither

Answer:

In house counsel

Explanation:

In house counsel handle of legal matters of the firm, policy, tax and regulatory matters or may occupy managerial positions

Answer:

Of course a sales agent can be involved, although they will probably charge a fixed amount and not a sales percentage. Many people probably need the help of a sales agent to fill out legal forms, including contracts, etc. Not everyone has the knowledge to prepare them or simply fill them out, and a sales agent can be helpful.

Answer:

Difference between accrual accounting and cash basis accounting:

The insurance expense for the period will be $900 under the accrual accounting basis.  But with the cash basis of accounting, the insurance expense for the period will be $1,200 being the amount of insurance paid during the period.

Explanation:

a) Data:

A. Prepaid insurance beginning $400

B. Payments for insurance during the period $1,200

C. Prepaid insurance ending $700

With accrual basis, the insurance prepaid of $400 at the beginning will be accounted as expense in the current year when the services are consumed.  The amount would be debited to the Prepaid Insurance account as a current asset.  The payments for insurance during the period of $1,200 are also added to the beginning prepayment.  Then the prepaid insurance ending of $700 is deducted (credited) to the insurance account to arrive at the insurance expense for the period.

The cash basis accounting will charge the sum of $1,200 as the insurance expense for the period with no regard for the beginning and ending balances of prepayments.

Answer:Therefore amount of deductions allowable in year of installation = $7,808

Explanation:

Deductions  entitled in the year of installation of pool  =Cost of installing pool -insurance cost - the increase in property value

=$19,520- $4,880 -$6,832

=$7,808

Therefore amount of deductions allowable = $7,808

Answer:

it is capitalism

Explanation:

This is so becauae , capitalism is a free market economy where the individual business people do most in the economy by deciding what to produce , workers to hire etc than the government

Answer:

235.5 days

Explanation:

Chik's chicken has accounts receivables of $6,333

The sales for the year for Chik's chicken is $9,800

The first step is to calculate the receivables turnover

= $9,800/$6,333

= 1.55

Therefore the average collection period for Chik's chicken can be calculated as follows

= 365/1.55

= 235.5 days

Hence the average collection period for Chik's chicken is 235.5 days

Answer: C) approve advertising

Explanation: A registered representative may be described as a licensed official equipped with the necessary training required to serve as a broker by functioning in its capacity to help and assist clients trading such as the purchase and sale of securities such as bonds, stock and mutual funds. Hence, registered representatives could be described as brokers, buyers and sales agents of different securities depending on the nature of the license held by the representative. Advert approval is thus not a function of a registered representative

Answer:

$470,425

Explanation:

The computation of the amount reported as bond payable is shown below:

Particulars  Interest at 4.5% Interest at 5%  Amortized  UnAmortized  CV

                                                                            discount     discount

Starting value                                                                        $30,500  $469,500    

                                                              ($500,000 - $469,500)  

June 30         $22,500         $23,475                $975        $29,525  $470,425

  ($500,000 × 4.5%)            ($469500 × 5%)

The six months rate would be the half of the rates given in the question

Answer:

= $40,815

Explanation:

For computing the assets first determine the equity for the year 2018 which is shown below:

Equity is

= Total assets - total liabilities

= $28,160 - $15,206

= $12,954

Now the total assets for the year 2019 is

= total liabilities + total equity

= $16,086 + $12,954 + $9750 + $7,900 - $5,875

= $16,086 + $24,729

= $40,815

Answer:

[tex]\widehat {price}=127.27+1.0466(appraised\ value)[/tex]

Explanation:

The question is not complete, the complete question is attached

An appraised value is the value used estimate the price of a product. Regression analysis is the use of mathematical models and functions to predict a variable with the help of other variables. It shows the relationship between variables. Regression analysis can also be used to estimate, predict or forecast from a model.  

The equation of the least-squares regression line for predicting selling price from appraised value is gotten by adding the constant coefficient and the appraisal coefficient. The equation is given as:

[tex]\widehat {price}=127.27+1.0466(appraised\ value)[/tex]

Answer: should be protected because their account is fully insured by the FDIC.

Explanation:

From the question, we are informed that Xavier and Alyssa kept about $55,000 in a savings account at Bigbux Bank, the bank failed and filed for bankruptcy but that the bank FDIC member bank.

Based on the above scenario, they'll be protected because their account is fully insured by the FDIC. It should be noted that the Federal Deposit Insurance Corporation helps in insuring several bank deposits and in case of bank failure, the depositors will be paid or the accounts of the bank will have to be transferred to some other bank.

Answer:

All of the above

Explanation:

A website can be promoted through the following methods

- Word of mouth: This involves advertising your website to people by telling them directly the different features of the website and giving them unique reasons why they should visit the website

- Newsletters: This involves writing down the benefits of your website to potential customers, this can be sent to their various emails. This form of advertisement is very essential as it serves as a constant reminder to potential customers to enable them visit your website.

- Banner ads: This is a type of advertising strategy in which features of your website is shown in the form of images. This images are used to compel visitors to check out the website. This form of advertising enables you to showcase your website in an attractive way.

Hence all of the options above can be effectively used to promote a website.

Answer:

1. Record the time worked on a client project by professional staff.

The first thing is do is to record the time the client was worked on by a professional staff because CPAs should be charging by the hour.

2. Record the completion of a client project.

The record the completion of a client project so that the project can be considered finished. The total hours worked will be totalized here.

3. Record the application of office overhead.

After the completion of the project the overhead costs are now apportioned and recorded.

Answer: The cost of something is what you give up to get it

Explanation:

The options to the question are:

1.) The cost of something is what you give up to get it

2) Markets are usually a good way to organize economic activity

3) People usually exploit opportunities to make themselves better off.

4) Trade can make everyone better off

This has to do with opportunity cost whereby there's always a trradeoff between two goods. One has to make a choice and leave out one economic decision in order to make another decision.

This can be seen in the question where we were told that In order to swim for an hour, Paolo must take time away from work, where he earns $11 per hour. This is in addition to paying a $4 entrance fee for the pool.

Answer:

The correct answer is:

Actively control the flow of information. (A)

Explanation:

successful projects rely on communication. Communication entails exchange, discussion, information, technology, advice and teamwork. A good communication plan entails the following:

There is no definite way for a team to communicate in a project, but a variety of communication methods exist, which includes:

emails, meetings, discussion boards, status reports, to-do lists or task trackers, collaboration apps.

In order to know what type of communication method to choose:

Answer:

The answer is below

Explanation:

Five key things you must know in order to identify opportunities in your area of work are:

1. Study industry trends and insights, by checking the latest or current infographics on your industry.

2. Study top executives in the industry, through interviews, magazines profiles, and their company websites.

3. Pay attention to both existing and potential clients' needs.

4. Understand the present challenges in the industry and think the solution

5. Attend conferences and seminars relating to your industry.

Answer:

E) To help establish a project selection process.

Explanation: Estimating the time and cost of a project or a business activity is very important as it will to schedule the work, determine the financial requirements of a project,to determine how well the project is performing or progressing etc.

Time and cost of a project are very important to an organisation as they are part of the factors to be analysed and put into consideration when carry or choosing a project.

Answer:

Classification of Products and Services.

Convenience Goods. These are products that consumers purchase often and habitually, without much thought given.

Shopping Goods. In contrast, consumers looking to purchase shopping goods are more willing to do research and compare different product options....

ᐛ

Answer:

c. an investing activity.

Explanation:

The sale and acquisition of items of Property, Plant and Equipment is classified under investing activities in the cash flow statement.

Therefore, the sale proceeds following the sale of a long-term investment would ordinarily be classified as a cash inflow from investing activity.

Answer:

B) a condition precedent.

Explanation:

A condition precedent is an event or state of affairs that is required before something else will occur. It is a condition precedent because, without the approval of the loan which should come first, Jen would not be interested in buying the Dirt Bike business owned by Kev.

Answer:

Dr Cash ($500,000 * $103 / $100) $507,500

Cr Bond Payable                                           $507,500

Cr Bond premium                                          $7,500  

Explanation:

The bond was issued at 1st March and the interest due is at 31st of December which means that first 2 month interest has been accrued and thus requires journal entry to record:

Dr Interest Expense ($500,000 * 9% * 2/12)  $7,500

Cr Interest Payable                                                $7,500

At the issuance date, the price of the bond is $103 and this is the price that was received when the bond was issued, hence the cash collected would be:

Cash Collected = ($500,000 * $103 / $100) = $515,000

$7,500 would be the interest accrued which means:

Cash collected for bond = $515,000 -  $7,500 = $575,000

Now the entry would be:

Dr Cash ($500,000 * $103 / $100) $507,500

Cr Bond Payable                                           $507,500

Cr Bond premium                                          $7,500  

Answer:

PV= $7,528

Explanation:

Giving the following information:

Future value= $15,000

Number of periods= 8 years

Interest rate= 9% compounded annually

To calculate the present value, we need to use the following formula:

PV= FV/(1+i)^n

PV= 15,000/(1.09^8)

PV= $7,528

Answer: c. The controllable variance pertains solely to fixed costs

Explanation:

For overhead variance, it should be noted that standard hours allowed are used in calculating the controllable variance, standard hours allowed are used in calculating the volume variance and the total overhead variance pertains to both variable and fixed costs.

Therefore, the option that is not true is that the controllable variance pertains solely to fixed costs(option C)

Answer:

Equilibrium wage = 800

Equilibrium quantity = 4

Explanation:

The computation of equilibrium weekly wage and the equilibrium quantity of solar panel is shown below:-

Here as per the graph the equilibrium wage is meet at 800 where equilibrium quantity is lying on 4.

Therefore according to the given situation the equilibrium wage is 800 and the equilibrium wage is 4.

as the quantity demanded and quantity supplied are matched so this we called as an equilibrium

Answer:

people

Explanation:

There are four areas that are subject to change as the organization frequently tries to adjust to internal and external pressures. These four areas includes:

1. Strategy

2. People

3. Structure

4. Technology

However, in this case, it has been established that, Juan and Rita are having trouble with new employees Peters and Jackson, this is implies or indicates that areas of change is most needed is PEOPLE, because in this case, the problem is between people.

Answer:

I'm not sure what a gigastrap is or if it is just a some term made up for this question, but whenever an import tariff is set, the price of the product will increase. It doesn't matter if it is something simple as sugar, microchips, diamonds, cars, etc. It doesn't even matter if the product can be produced domestically or not, the price will still increase since the domestic producers will increase their price to match the increase in price of foreign goods. This is the reason why sugar is so expensive in the US, since the domestic producers charge extremely high prices because they know there is no way foreign sugar producers can compete with them due to the import tariffs and quotas.

Answer:

Total direct material cost= $1,536,000

Explanation:

Giving the following information:

So 385,000 yards will be needed.

The estimated January 1, 2012, beginning inventory is $124,000.

The desired ending balance is $120,000.

The material costs $4.00 per yard.

To determine the direct material budget, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Direct material budget:

Production= 385,000*4= 1,540,000

Desired ending inventory= 120,000

Beginning inventory= (124,000)

Total direct material cost= $1,536,000

Answer:

PV= $5,342.89

Explanation:

Giving the following information:

Future value (FV)= $9,500

First, we need to calculate the monthly interest rate (i) and the number of periods (n):

i= 0.0825/12= 0.006875

n= 7*12= 84

To calculate the present value, we need to use the following formula:

PV= FV/(1+i)^n

PV= 9,500/(1.006875^84)

PV= $5,342.89

Question Completion:

The accounts of Granger Services Inc. at January 31, 2016 are listed in alphabetical order:

Accounts payable $12,200

Accounts receivable 17,000

Accumulated depreciation – equipment 6,500

Advertising expense 11,300

Cash 17,400

Common Stock 5,300

Current portion: Long-term note payable 1,900

Depreciation expense – Equipment 1,900

Interest expense 500

Dividends declared 12,500

Equipment 42,000

Long-term note payable 16,000

Other long-term assets 13,700

Prepaid expense 5,900

Retained earnings, Jan 31, 2015 13,300

Salary expense 26,100

Salary payable 3,400

Service Revenue 95,000

Supplies 3,500

Supplies expense 4,600

Unearned Service revenue 2,800

At ​January 31, ​2015, net working capital was $22,600​, the current ratio was ​1.90, and the debt ratio was 0.15.

Requirements as provided in the question

Answer:

Granger Services Inc.

a. Net Working Capital:

Current Assets - Current Liabilities

= $43,800 - 20,300

= $23,500

b.  Current ratio:

Current assets / current liabilities

= $43,800/20,300

= 2.16

c. Debt Ratio:

Total Liabilities/Total Assets * 100

= $36,300/$93,000 * 100

= 0.39 or 39%

d) At ​January 31, ​2016, net working capital was $23,500​, the current ratio was ​2.16, and the debt ratio was 0.39.

e) Grange's ability to pay both current and total debts improved marginally during the fiscal year with less current liabilities vis-a-vis the current assets and more long-term debts as can be discerned from the current ratio and debt ratio respectively.

f) Grange's debt position became weak in 2016 as its debts can be settled with 39% of the total assets as against 2015's 15%.  This implies that whereas, 15% of the assets could settle the debts in 2015, Grange needed 39% of assets to settle debts in 2016.  This is a deterioration for a company that does not want to be highly leveraged.  Otherwise, it is an improvement in debt leverage.

Explanation:

a) Data and Calculations:

Granger Services Inc. Trial Balance as of January 31, 2016:

                                                  Debit           Credit

Cash                                        $17,400

Accounts receivable                 17,000

Prepaid expense                       5,900

Supplies                                     3,500

Equipment                               42,000

Accumulated

depreciation–equipment                             $6,500

Other long-term assets          13,700

Accounts payable                                         12,200

Unearned Service revenue                           2,800

Salary payable                                                3,400

Current portion: Long-term note payable     1,900

Long-term note payable                              16,000  

Common Stock                                              5,300

Retained earnings, Jan 31, 2015                 13,300

Dividends declared                12,500

Service Revenue                                        95,000

Advertising expense               11,300

Depreciation expense

– Equipment                            1,900

Interest expense                        500

Salary expense                      26,100

Supplies expense                   4,600

Total                                       156,400      156,400

Granger Services Income Statement for the year ended January 31, 2016:

Service Revenue                               $95,000

Expenses:

Advertising expense               11,300

Depreciation expense

– Equipment                            1,900

Interest expense                        500

Salary expense                      26,100

Supplies expense                   4,600    $44,400

Net Income                                          $50,600

Retained earnings, January 31, 2015    13,300

Dividends declared                               (12,500)

Retained earnings, January 31, 2016  $51,400

Granger Balance Sheet as of January 31, 2016:

Assets:

Current Assets:

Cash                                        $17,400

Accounts receivable                 17,000

Prepaid expense                       5,900

Supplies                                     3,500

Total Current Assets                               $43,800

Long-term Assets:

Equipment                42,000

Accumulated depreciation

 – equipment            6,500   35,500

Other long-term assets          13,700

Total long-term assets                           $49,200

Total assets                                            $93,000

Liabilities + Equity:

Current Liabilities:

Accounts payable                $12,200

Unearned Service revenue    2,800

Salary payable                         3,400

Current note payable              1,900

Total Current Liabilities                           $20,300

Long-term note payable                            16,000  

Common Stock                      5,300

Retained earnings                51,400

Total shareholders' equity                       56,700

Total Liabilities + Shareholders' Equity $93,000