Answer:
Dr Interest Receivable $30
Cr Interest Revenue $30
Explanation:
Based on the information given we were told that Callison accepts an interest bearing note receivable for the amount of $1,000 in which the note has the interest of 12%,This means that journal entry on December 31, Year 1, to accrue interest will include:
Dr Interest Receivable $30
Cr Interest Revenue $30
Calculated as :
Accrued interest =12%×$1,000×(3/12)
Accrued interest=$30
A real estate broker sends a bright yellow flyer to all the homeowners in a neighborhood. The flyer contains a reprinted article from a local newspaper describing the future relocation plans of various employers in the region and this statement, printed in bold red letters: "Warning! The failure to sell your property within the next six months could cost you a bundle!" At the bottom of the page was printed the broker's name, photo, office address, and phone number. Based on these facts, the broker:________
Answer: has committed no offense
Explanation:
From the question, we are informed that a real estate broker sends a bright yellow flyer to all the homeowners in a neighborhood and that the flyer contains a reprinted article from a local newspaper describing the future relocation plans of various employers in the region and this statement, printed in bold red letters: "Warning! The failure to sell your property within the next six months could cost you a bundle!" At the bottom of the page was printed the broker's name, photo, office address, and phone number. Based on these facts, the broker has committed no offense.
which of the following is a benefit of a college education? A. You collect social security benefits at an earlier age than a high school graduate B. you have an increased chance of financial stabillity C. you are less likely to go into millitarry service D. you have more friends, on average, than a high school graduate does
Answer:
The correct option is;
B. You have an increased chance of financial stability
Explanation:
The advantages of going to college includes;
1) College graduates make more salary on average
2) Holding a college degree improves career stability
3) Improved job satisfaction
4) Improved financial know how on savings and investment
5) Stable marital life
6) College graduate are able to be better citizens, by their willingness and ability to contribute meaningfully whenever a volunteer requirement
If the liabilities of a business increased $75,000 during a period of time and the equity in the business decreased $30,000 during the same period, the assets of the business must have:
Answer:
Increased $45,000
Explanation:
Calculation for what the assets of the business must have
Using this formula
Change in Assets = Change in Liabilities + Change in Owner's Equity
Where,
Change in Liabilities =$75,000
Change in Owner's Equity=$30,000
Let plug in the formula
Change in Assets = $75,000 + ($30,000)
Change in Assets= $45,000 Increased
Therefore what the assets of the business must have will be $45,000 Increased
A real estate broker sold property on Friday morning and received a $2,000 deposit in cash. Afraid to carry the money, he quickly deposited it into his own account in a nearby branch of his bank. This is clearly an example of:
Answer:
commingling
Explanation:
The commingling refers to the combination of the money that belongs to the brokers with his clients
The conversion arises when a broker incurred any of the money or withdrawn any of the money
Here in the situation it is mentioned that the real estate broker sold the property for $2,000 and he immediately deposited in his own account
So this given example is of commingling
Under IRS regulations, a gain or loss upon current disposition of an asset is first considered to be long term if the asset has been held for:
Answer:
over 1 year
Explanation:
IRS known as Internal Revenue Service interpret internal revenue code and they control treasure regulation. They also have code that control disposition of asset which is the process of selling out of an asset
It should be noted that Under IRS regulations, a gain or loss upon current disposition of an asset is first considered to be long term if the asset has been held for over 1 year.
Market risk is also called ________ and ________. unique risk; nondiversifiable risk systematic risk; nondiversifiable risk unique risk; diversifiable risk systematic risk; diversifiable risk
Answer:
systematic risk; non diversifiable risk
Explanation:
Market risk can also be called systematic risk and non-diversified risk, since systematic risk can be understood as the risk inherent in the entire market, that is, it is the risk that encompasses the general market, regardless of the sector in which it operates. a company, such as political and economic crises, which are factors that can affect companies in different sectors.
Soon-Yi Park’s chain of travel agencies has identified the lesbian, gay, bisexual, and transgender community as a growing market that spends an increasing percentage of its income on travel. Which of the following would be the LEAST effective component of a marketing plan for Soon-Yi to take advantage of this opportunity?
a. develop a presence on LGBT-oriented social networking sites
b. position his agency as focused on specialized experiences
c. implement a mass marketing campaign
d. place specially-targeted ads in gay-themed publications
e. advertise on LOGO, the cable television network aimed at gays and lesbians and their friends and family
Answer: Implement a mass marketing campaign
Explanation:
From the question, we are informed that Soon-Yi Park’s chain of travel agencies has identified the lesbian, gay, bisexual, and transgender community as a growing market that spends an increasing percentage of its income on travel.
The least effective component of a marketing plan for Soon-Yi to take advantage of this opportunity is implementing a mass marketing campaign. Rather, Soon-Yi should use a strategy relating to those in LGBT.
I am conducting a survey as a project. I need ur help Which one you like 1. Ferrari 2. Lamborghini 3. Mclaren and why?? ( If you couldnt give your choice as an answer, then write it in the comment box below the question )
Pls help
Answer:
Explanation:
Compared to the McLaren, the Lamborghini has less power, a heavier engine, and less active aerodynamic designs. This allows the Huracán Performante to be an excellent supercar with extreme sounds, feels, and the excitement of a Lamborghini, but in performance the McLaren is superior.
Downloading music tracks owned by record companies without paying for them is an example of a violation of: Question 36 options: A) trademark law. B) privacy law. C) patent law. D) copyright law.
Answer:
D) copyright law.
Explanation:
Copyright law can be defined as a set of formal rules granted by a government to protect an intellectual property by giving the owner an exclusive right to use while preventing any unauthorized access, use or duplication by others.
Hence, when anyone downloads music tracks owned by record companies without paying for them, it is an example of a violation of copyright law.
The copyright law which protects the sharing and downloading rights of music is known as the Digital Millennium Copyright Act (DMCA).
Bill and Bob share ownership of a real property, but neither owns a physical portion of the property. The kind of interest they each own is an
Answer:
The would own "undivided interest".
Explanation:
The interest or privilege in tenant-owned property whereby every property owner seems to have an equitable opportunity to experience the total premises. This would be represented as just an equal marginal or proportion interest or participate across each benefit, profit as well as responsibility about just the particular topic of such a service agreement.How can you tell if a guy doesnt put the effort in being with you anymore, its online and long distant cause he lives 8 hours away from me and were both 17 have already experienced heartbreak, it was great and fun at first and he was so shy and loving and wanted to meet but now he’s dodging to see eachother and every night we call before we both go to bed and sleep while on call but after my mother passed away June 29th hes been distant and mostly plays his game Smite idk if he’s serious about me i mean he tells me he loves me and ofc i love him back hes my entire world in my mind, im always very wholesome with him he says but when i ask how he feels he says he doesnt know and i dont show it to him but that kinda hurts when the guy doesnt know... anyway if you have any advice please tell me im desperate and i cant seem to keep my feelings from leaking out and it just hurts i dont wanna tell him cause then he will be upset and i dont want that..
Answer:
his body language would change around you and when a guy says he doesnt know means he doesnt know hes processing about how he really feels about you.
When one shareholder sells stock directly to another the transaction is said to occur in the: Group of answer choices primary market. OTC market. dealer market. NASDAQ market. secondary market.
Answer:
secondary market.
Explanation:
When one shareholder sells stock directly to another the transaction is said to occur in the secondary market.
Secondary market can be defined as a market where various investors sell and buy securities from other investors.
Some examples of secondary market around the world are New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE) and National Stock Exchange (NSE).
On the other hand, the primary market refers to the market where these securities that are being sold are issued or created.
The process by which managers at all levels in the firm gain information about the performance of tasks within the firm and judge that performance against pre-established criteria is:
Answer:
Performance management
Explanation:
Performance management system is a system put in place in an organization to evaluate the performance of employees. It aligns the company's overall goals to available resources and work out performance towards realization of the goals and also develop employees' skills towards achieving the goals and then constant evaluation of performance .
As managers require adequate relevant information about performance of tasks within the system in order to evaluate performance against the set criteria , an effective performance management makes it possible for him to access
In performance appraisal, ______ means that the use of the measure is satisfactory or appropriate to the people who must use it.
Answer:
Acceptability
Explanation:
Performance appraisal is also called performance review or performance evaluation is the process by which the performance of a person is evaluated based on certain key performance indices.
When appraisals are conducted it must be acceptable to the company's employees to be successful. If employees do not trust the appraisal method then it is bound to fail.
However when employees feel an appraisal is fair they accept the feedback from the process and work to improve their performance.
On September 1, an investor sold 100 shares of KLP Corporation common stock for a loss of $1 per share. On September 15, he purchased a KLP convertible bond with a conversion price of $40. How much of the original loss may he now declare for tax purposes
Answer: $75
Explanation:
It should be noted that the convertible bond was bought less than 30 days after the loss was realized, therefore, sale of the stock will have to fall under wash sale rule i.e when securities are sold at a loss by the investors and repurchased by them before or after 30 days after the Securities has been sold, then the loss will not be allowed by the IRS.
Since there is a conversion price of $40, then the bond will be converted into:
= 1000/40
= 25 shares of KLP common stock.
Therefore, only ($100 - $25) = $75 will be declared as a loss
ABC Company purchased an investment in bonds of XYZ Company 10% bonds at par value of $30,000. Interest is paid annually on the bonds. ABC Company's journal entry to record the interest should include a
Answer:
the options are missing, but the journal entries to record both the purchase of the bonds and the coupon payments are:
The journal entry to record the purchase of the bonds should be
XX/202x, 10% bonds from XYZ Company purchased at par
Dr Investment in bonds: XYZ Company 30,000
Cr cash 30,000
When the coupon payments are received, the journal entry should be
XX/202y, coupon payment received from investment in bonds: XYZ Company
Dr Cash 3,000
Cr interest revenue 3,000
How can the price of baseball bats be affected by the demand for paper
or the price of a catchers' mitts be affected by the demand for cheese?
Answer:
- Higher demand for paper, less wood for bats, the higher price of bats, OR less supply of bats.(have to pay a higher price for wood, and if price doesn't change, they have to make less).
- Higher demand for cheese, cows kept alive, leather is scarce, the higher price of mitts. (less supply because more of the resource is allocated to the milk instead of the leather).
Explanation:
The baseball bats, as well as, paper both, are made employing the resources generated from wood resources. Similarly, the catcher's mitts and cheese are made using the cows as the resource. If two products are made employing similar resources, an increase in the price of one leads to an increase in the other as well. This occurs primarily due to the fact that if the price of the first good increases, the producer of that good is likely to pay more to get the resource and sell the good at a higher price later. Thus, the other producer will either buy less and produce less or spend more to get the resource as per his need.
An example of a financing activity shown on the statement of cash flows is: Question 9 options: buying office equipment. obtaining a long-term loan. buying office supplies. selling inventory.
Answer:
obtaining a long-term loan.
Explanation:
A Financing activity is a are transactions that leads to changes in long-term liabilities, owner’s equity and changes to short-term borrowings.
Ultimate Luxury Hotel is a single hotel with 300 rooms. During the month of October, the hotel had 5,000 guests, who each stayed one night. What is the occupancy rate for October (rounded to the nearest whole percent)?
Answer:
54%
Explanation:
Calculation for what is the occupancy rate for October
Based on the information given we were told that the hotel had 5,000 guests in which each of them stayed one night which means that we are going to First calculate the Guest nights
Guess Nights= 5,000 × 1
Guest Nights= 5,000
Second step is to calculate the available room
Available Room Nights = 300 rooms × 31 days
because we have 31 days in October
Available Room Nights= 9,300.
Last step is to calculate the Occupancy rate
Occupancy Rate= 5,000 ÷ 9,300
Occupancy Rate=0.54×100
Occupancy Rate= 54%
Therefore the occupancy rate for October will be 54%
Opportunity costs ______. are benefits that are given up when selecting one alternative over another are uncommon in decision making should be considered in decision making are part of traditional accounting records
Answer: are benefits that are given up when selecting one alternative over another.
Explanation: When faced with the decision to make a choice between two probable options or the need to give up a certain amount of a product in other to increase production of another, the benefit or choice forgone by opting to go for an alternative is called opportunity cost. Put simply, the cost incurred or loss associated with giving up a certain investment for another.
Opportunity cost can be computed mathematically using the relation:
Opportunity cost = (Return on best forgone option - return on chosen alternative).
Opportunity cost is often considered in other to guide and weigh investment options.
Opportunity costs are benefits that are given up when selecting one alternative over another and should be considered in decision making.
Opportunity cost refers to the value of the best alternative forgone when making a decision. It represents the benefits or profits that could have been obtained by choosing an alternative option. In other words, it's the cost of what you have to give up in order to choose something else.
Understanding opportunity costs is crucial in decision making because it allows individuals and businesses to evaluate the trade-offs involved in various choices. By considering the opportunity cost, one can weigh the potential benefits and drawbacks of different options and make more informed decisions.
Learn more about Opportunity cost here:
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Keisha can produce the following combinations of X and Y: 100X and 20Y, 50X and 30Y, or 0X and 40Y. The opportunity cost of one unit of Y for Keisha is Group of answer choices
Answer:
5 units of x
Explanation:
Keisha's production possibilities frontier:
100x 20y
50x 30y
0x 40y
the opportunity cost of producing 1 unit of y = 50/10 = 5 units of x
The opportunity cost refers to the extra costs or benefits lost resulting from choosing one investment or activity over another alternative. In this case, if Keisha wants to produce one more unit of y, she will not be able to produce five units of x (trade-off)
Calculate the total value of sales at each possible price for a product with the consumer demand shown.
Price: Quantity demanded:
$20. 8,500
$22.5. 7,800
$25. 6,200
$27.5. 5,900
$30. 4,300
Answer:
The total value of sales is $795470
Explanation:
Given
The data shown in the table
Required
Determine the total value of sales
To do this, we simply multiply price by corresponding quantity demanded and then sum them up;
This is done as follows;
[tex]Total = \$20 * 8,500 + \$22.5 * 7,800 + \$25.6 * 6,200 + \$27.5 * 5,900 + \$30 * 4,300[/tex]
[tex]Total = \$170000+ \$175500+ \$158720 + \$162250 + \$129000[/tex]
[tex]Total = \$795470[/tex]
Hence, the total value of sales is $795470
A contribution approach income statement ______. reports both gross margin and net income is prepared primarily for external reporting purposes separates costs into their fixed and variable components can assist with management decision making
Answer:
separates costs into fixed and variable component
can assist with management decision making
Explanation:
The contribution margin may be defined as when we deduct the expenses of the variable from sales. Where contribution margin shows the organization revenue is contributing to net income and fixed cost.
The statement of contribution margin income tells of the earnings at various stages of operations.
This report of income is not used for external reporting purposes but rather for internal decision making by the management.
Therefore according to the above description, the last two statements are correct.
Marginal cost is ______. the cost that can be traced to a specific product another name for the fixed cost per unit the cost incurred to produce one more unit of a product what is given up by selecting one alternative over another
Answer:
the cost incurred to produce one more unit of a product
Explanation:
Marginal cost can be defined as the additional cost that a firm incurs when it produces one additional unit of output.
The marginal cost of a good can be found using the following formula:
Marginal Cost = Change in cost / change in quantity
__________ are audio or video files that can be downloaded from the Internet via a subscription that automatically delivers new content to listening devices or personal computers.
a. Pod casts
b. Wikis
c. Blogs
d. Social networking sites
e. Virtual realities
Answer:
a. Pod casts
Explanation:
Podcast are audio or video files that can be downloaded from the Internet via a subscription that automatically delivers new content to listening devices or personal computers
Pricing out the construction cost of a home by a cost per square foot would be representative of a ____________ estimate.
Answer:
Parametric
Explanation:
Parameters can be defined as an element of a system that is useful in identifying or evaluating the performance ,status , size or condition of such system.
The use of parameters in achieving the above function is called parametric.
Using the cost per square foot to price out the construction cost of a home is a parametric measurement as it is aimed at arriving at the size and value of the home under construction.
Does the Constitution set down the rights of the people? Yes or No
Answer:
yes
Explanation:
the constitution does set down the rights of the people like right to freedom and right to equality
Answer: Yes
Explanation: Because it do
when the parent company of a foreign subsidiary believes that all of its investment in the subsidiary is exposed to foreign exchange risk, what method of translation should be
Answer:
Current rate method
Explanation:
Translation is defined as the conversion of financial statement of a foreign subsidiary from the foreign currency to local currency.
This is done to reduce the effect of foreign exchange risk.
If a foreign subsidiary is exposed to foreign exchange risk the best translation method is the current rate method.
Current rate method uses the current exchange rate in translation.
Translation is used when the local currency is the functional currency of the company.
Social network marketing is thought of as being earned and is not a strategy for which a company has to pay. True or False.
Answer:
true
Explanation:
Answer:
True
Explanation:
I just got it right.
Do the advantages of substituting the bioplastic pla for conventional plastics outweigh the disadvantages
Answer:
The use of Bioplastic PLA is more beneficial than the conventional plastics
Explanation:
The bioplastic PLA is more beneficial because of its compostability, less cost, less Carbon dioxide emission when they are manufactured, plant raw materials are used which absorbs Carbon dioxide, renewable energy is utilized, etc. All these benefit which conventional plastics doesn't have, will leave better impact on the environment. Furthermore, the conventional plastic was very hazardous to marine life which PLA is not. So yes, we must use PLA responsibly. Because if we are recycling more and more, then their are fewer plastic in the ocean and less are the chances that marine life gets hurt.