Answers
Answer:
Hello your question is incomplete below is the missing part and the needed diagram
suppose John is shopping and has $20 to spend on hand sanitizer. He can go with Germ-X (G) at $1 per fluid ounce (pG=1), or he can purchase purell (P) at $1.25 per fluid ounce (Pp=1.25). His utility function for the two different hand sanitizers is as follows:
U = G +1.1P
where G and P are measured in fluid ounces.
Solve the consumer’s problem for John’s optimal demand for Germ-X and Purell. (You should find actual numbers representing the quantity of Germ-X chosen and the quantity of purell chosen
ANSWER: The solution = (Germ-x,Purell ) = (20,0).
Explanation:
The consumers problem for John's optimal demand for Germ-x and Purell as seen in the diagram can solved by John going maximizing his utility given the constraint of the budget,
that means that John will purchase/spend the constrained budget of ($20) on Germ-x since the unit price of Germ X is at $1 while Purell's unit price is at $1.25 per fluid ounce
Related Questions
On January 1, 2017 , Northeast USA Transportation Company purchased a used aircraft at a cost of $ 53,200,000. Northeast USA expects the plane to remain useful for five years (6,500,000 miles) and to have a residual value of $ 5,200,000. Northeast USA expects to fly the plane 900,000 miles the first year, 1,400,000 miles each year during the second, third, and fourth years, and 1,400,000 miles the last year.
1. Compute Northeast USA's depreciation for the first two years on the plane using the straight-line method, theunits-of-production method, and the double-declining balance method.
a. Straight-line method Using the straight-line method, depreciation is $:________
b. Units-of-production method (Round the depreciation per unit of output to two decimal places to compute your final answers.) Using the units-of-production method, depreciation is $:________
c. Double-declining balance method
Using the double-declining-balance method, depreciation is $_______ for 2017 and $ for 2018 for 2017 and $ for 2018. for 2017 and for 2017 and $________ for 2018.
Answers
Answer:
1. Compute Northeast USA's depreciation for the first two years on the plane using the straight-line method, theunits-of-production method, and the double-declining balance method.
a. Straight-line method Using the straight-line method, depreciation is $9,600,000
straight line depreciation = ($53,200,000 - $5,200,000) / 5 = $9,600,000
depreciation expense year 1 = $9,600,000
depreciation expense year 2 = $9,600,000
b. Units-of-production method (Round the depreciation per unit of output to two decimal places to compute your final answers.) Using the units-of-production method, depreciation is $7.384615 per mile
depreciation expense per unit of production = ($53,200,000 - $5,200,000) / 6,500,000 = $7.384615 per mile
depreciation expense year 1 = $7.384615 x 900,000 = $6,646,153.50
depreciation expense year 2 = $7.384615 x 1,400,000 = $10,338,461
c. Double-declining balance method
depreciation expense year 1 = 2 x 1/5 x $53,200,000 = $21,280,000
depreciation expense year 2 = 2 x 1/5 x $31,920,000 = $12,768,000
For the coming year, Belton Company estimates fixed costs of $60,000, the unit variable cost of $25, and the unit selling price of $50.
a. Determine the break-even point in units of sales.
b. Determine the unit sales required to realize operating income of $100,000.
c. Determine the probable operating income if sales total $400,000.
Answers
Answer:
1. Break even point in units = 2,400 units
2. Sales required = 6,400 units
3. Operating income = $140,000
Explanation:
Given:
Fixed costs = $60,000
Variable cost =$25 per unit
Selling price = $50 per unit
Computation:
1. Break-even point in units of sales.
Contribution per unit = sales - VC
Contribution per unit = $50 - $25
Contribution per unit = $25
Break even point in units = Fixed costs / Contribution per unit
Break even point in units = $60,000 / $25
Break even point in units = 2400 units
2. Unit sales required to realize operating income = $100,000
Sales required = (Fixed costs + Operating income) / Contribution per unit
Sales required = ($60,000 + $100,000) / $25
Sales required = 6400 units
3. Operating income if sales total = $400,000
Contribution margin = [$25/ $50]100 = 50%
Operating income = Contribution margin - Fixed costs
Operating income = ($400,000 × 50%) - $60,000
Operating income = $140,000
A stock had returns of 9.62 percent, −14.65 percent, 19.85 percent, 25.35 percent, and 7.65 percent over the past five years. What was the geometric average return for this stock?
Answers
Answer:
The geometric average return for this stock was 8.64%.
Explanation:
Geometric average return refers to the return which will result in the correct compounded dollars at the end of the time period.
Geometric average return can be computed using the following formula:
Geometric average return = {[(1 + r1)(1 + r2) ... (1 + rn)]^(1/n)} - 1 ......... (1)
Where r is returns from year 1 to year n.
For the stock in the question, we have:
r1 = 9.62%, 0.0962
r2 = -14.65%, or -0.1465
r3 = 19.85%, or 0.1985
r4 = 25.35%, or 0.2535
r5 = 7.65%, or 0.0765
n = 5
Substituting the values into equation (1), we have:
Geometric average return = {[(1 + 0.0962)(1 - 0.1465)(1 + 0.1985)(1 + 0.2535)(1 + 0.0765)]^(1/5)} - 1
Geometric average return = {1.51310732605096^0.20} - 1
Geometric average return = 0.0864, or 8.64%
Therefore, the geometric average return for this stock was 8.64%.
A $1,000 par value 10-year bond with a 10 percent coupon rate rec%ently sold for $900. The yield to maturity is:
Answers
Answer:
Yield to Maturity = 11.58 %
Explanation:
The Yield to maturity is the discount rate that equates then price of the bonds to the present of cash inflows expected from the bond
The yield on the bond can be determined as follows using the formula below:
YTM = C + F-P/n) ÷ 1/2 (F+P)
YTM-Yield to maturity-
C- annual coupon
F- Face Value
P- Current Price
n- years to maturity
YTM-?, C- 10%× 1000 =100, Face Value - 1000, P-900, n- 10
YTM = (100 + (1000-900)/10) ÷ ( 1/2× (1000 + 900) )
YTM = 0.1158 × 100 = 11.58 %
Yield to Maturity = 11.58 %
Steelcase Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it produces filing cabinets in two departments: Fabrication and Assembly. Assume the following information for the Assembly Department:Steel per filing cabinet ............................................. 55 poundsDirect labor per filing cabinet ...................................... 20 minutesSupervisor salaries ................................................ $180,000 per monthDepreciation ...................................................... $28,000 per monthDirect labor rate................................................... $21 per hourSteel cost ......................................................... $0.40 per poundRequired:Prepare a flexible budget for 12,000, 15,000, and 18,000 filing cabinets for the month of August 2014.
Answers
Answer:
Total Flexible Budgets for 12,000, 15,000, and 18,000 units is $ 556,000 $ 643,000 and $830,000
Explanation:
Steelcase Inc.
Assembly Department:
Steel per filing cabinet ............................................. 55 pounds
Direct labor per filing cabinet ...................................... 20 minutes
Supervisor salaries ................................................ $180,000 per month
Depreciation ...................................................... $28,000 per month
Direct labor rate................................................... $21 per hour
Steel cost ......................................................... $0.40 per pound
Steelcase Inc.
Flexible budget
For the month of August 2014.
Units: 12000 15000 18000
Steel for filing cabinet 660,000 825000 990,000 pounds
Steel cost $264,000 330,000 $ 396,000
Direct labor Hrs 4,000 5,000 6,000
Direct labor Cost $84,000 $105,000 $ 126,000
Supervisor salaries $180,000 $180,000 $180,000
Depreciation $28,000 $28,000 $28,000
Total $ 556,000 $ 643,000 $830,000
First we find the Steel for filing cabinets in pounds . Then we multiply with the rate to find the steel cost.
Similarly we find the direct labor hours and then the direct labor cost.
We assume that the supervisor salaries and depreciation are fixed.
Which of the following is one of the seven website design elements that marketers can use to produce an effective customer experience online?A. consistencyB. collaborationC. commercializationD. commerceE. creativity
Answers
Answer:
D
Explanation:
The Answer is Commerce
pls thnx and mark me brainliest
Usually, the decision to notify parties outside the client’s organization regarding noncompliance with laws and regulations is the responsibility of the
Answers
Answer:
Management
Explanation:
Sometimes in the course of discharging his duties, an auditor might discover a case of non-compliance with laws and regulations. In such situations, he is expected to report the issue to the governing body or management of the organization who in turn notify parties outside the client's organization. This might imply reporting to the appropriate law enforcement agencies who now investigate the matter.
The auditor should ensure that he is keeping to the code of confidentiality before proceeding on such a case. The management is expected to review the report to determine if the action was indeed non-compliant with the laws before proceeding on the next call of action.
. A particular parcel of real estate (land) is sold for $20,000,000 and was originally purchased for $10,000,000. On a taxable sale, explain a circumstance (type of investor, intent, entity, etc.) that would pay the following U.S. federal income tax results on the $10,000,000 gain (exclude the 3.8% net investment income tax and any state taxes in the calculation):
Answers
Question Completion:
Choices: a. No tax liability on the sale b. $2,000,000 of tax c. $2,960,000 of tax d. $2,100,000 of tax
Answer:
b. $2,000,000 of tax for individuals
Explanation:
Long-term capital gains tax is a tax on profits from the sale of an asset which an investor has held for more than a year. The approved long-term capital gains tax rates are 0%, 15% or 20% depending on your taxable income bracket and whether you are filing as a single or jointly as married. But, an important point to note is that long-term capital gains tax rates are generally lower than short-term capital gains tax rates, thus encouraging investors to hold assets for a longer time. Short-term capital gains tax rates are the rates applicable to the normal individual income tax brackets.
A company purchased an asset for $3,200,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The depreciation percentage each year is 33.33 percent, 44.45 percent, and 14.81 percent, respectively. What is the book value of the equipment at the end of the project
Answers
Answer:
$237,120
Explanation:
year depreciation % depreciation expense book value
1 33.33% $1,066,560 $2,133,440
2 44.45% $1,422,400 $711,040
3 14.81% $473,920 $237,120
the book value at the end of the project's life = $237,120, which is equivalent to 7.41% (the fourth year according to MACRS depreciation)
An S corporation earns per share before taxes. The corporate tax rate is 35%, the personal tax rate on dividends is 20%, and the personal tax rate on non-dividend income is 39%. What is the total amount of taxes paid if the company pays a dividend?
Answers
Answer:
$2.73
Explanation:
Question is incomplete. But assuming the company earn per shares before tax is $7 and the company pays a dividend of $2
Hence, the total amount of taxes paid is = Company earn per shares * personal tax rate on non-dividend income
= $7 * 39%
= $7 * 0.39
=$2.73
life assurance forms part of...... insurance?
Answers
Answer:
Life insurance
Explanation:
Lanning Company sells 160,000 units at $45 per unit. Variable costs are $27 per unit, and fixed costs are $975,000. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations.
Answers
Answer:
Instructions are below.
Explanation:
Giving the following information:
Sales= 160,000 units
Selling price= $45 per unit.
Variable costs are $27 per unit
Fixed costs are $975,000.
First, we need to calculate the contribution margin ratio using the following formula:
contribution margin ratio= (selling price - unitary variable cost) / selling price
contribution margin ratio= (45 - 27) / 45
contribution margin ratio= 0.4
Now, we can calculate the contribution margin per unit:
Contribution margin= selling price - unitary variable cost
Contribution margin= 45 - 27
Contribution margin= 18
Finally, the net operating income:
Net income= units sold*contribution margin - fixed costs
Net income= 160,000*18 - 975,000
Net income= $1,905,000
State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows:
a. Retired $300,000 of bonds, on which there was $3,000 of unamortized discount, for $312,000.
b. Sold 7,000 shares of $20 par common stock for $50 per share.
c. Sold equipment with a book value of $48,800 for $70,300.
d. Purchased land for $479,000 cash.
e. Purchased a building by paying $93,000 cash and issuing a $90,000 mortgage note payable.
f. Sold a new issue of $300,000 of bonds at 98.
g. Purchased 3,200 shares of $35 par common stock as treasury stock at $69 per share.
h. Paid dividends of $2.10 per share. There were 22,000 shares issued and 4,000 shares of treasury stock.
Answers
Answer:
a. Retired $300,000 of bonds, on which there was $3,000 of unamortized discount, for $312,000.
decrease cash flows from financing activities by $312,000
b. Sold 7,000 shares of $20 par common stock for $50 per share.
Increased cash flows from financing activities by $350,000
c. Sold equipment with a book value of $48,800 for $70,300.
increased cash flows from investing activities by $70,300, decrease cash flows from operating activities by $21,500 (= $70,300 - $48,800)
d. Purchased land for $479,000 cash.
decrease cash flow from financing activities by $479,000
e. Purchased a building by paying $93,000 cash and issuing a $90,000 mortgage note payable.
decrease cash flow from investing activities by $183,000, and increase cash flow from financing activities by $90,000
f. Sold a new issue of $300,000 of bonds at 98.
increase cash flows from financing activities by $294,000
g. Purchased 3,200 shares of $35 par common stock as treasury stock at $69 per share.
decrease cash flows from financing activities by $220,800
h. Paid dividends of $2.10 per share. There were 22,000 shares issued and 4,000 shares of treasury stock.
decrease cash flows from financing activities by $37,800
The goal of the __________ is to resolve any pending project-related issues, critique the overall effort of the project, and draw conclusions about how to improve the project management process for the future.
Answers
Answer: wrap-up
Explanation: since every project needs to end the wrap-up aims to resolve any pending project-related issues, critique the overall effort of the project, and draw conclusions about how to improve the project management process for the future. Doing this ensures that all stakeholders of the project are satisfied, and that all acceptance criteria for the project have been met. The wrap-up is simply the concluding action of the project.
A practice, favored by unions, which contractually binds employers to hire only workers who are already members of the union is called a(n):
Answers
Answer:
The correct answer is: Closed Shop.
Explanation:
To begin with, the name of "Closed Shop" refers to a type of practice well known as "pre-entry closed shop" too that unions favored with the only purpose to obligate the companies to contract workers who are already members of the union itself so in that situation both the company and the union tend to have an agreement of maintaining certain salary price for the workers so they are not in a continous fight. Moreover, this practice allow the workers to be employed by the company only if they are members of the union and as long as they are members of it.
A stock currently sells for $34 a share but is expected to increase in value over the next six months to at least $36 a share. Assume there are 6-month options available on this stock with an exercise price of $35. Which of these options should have the most value today?a. American and European calls equallyb. European callc. European putd. American pute. American call
Answers
Answer: American call
Explanation:
The price of the underlying stock is going to increase to at least $36 which is more than the exercise price on the option of $35. The option that would have more value therefore is a Call option because call options make profit when the exercise price is less than the market price.
The more valuable call option between the European and American call options is the American call option. This is because with an American call option, the holder is free to call in the option at any point in time up to the exercise date while a European option has to wait till the exercise date.
The American Call option is therefore the option with the most value today.
Even though Kelly did not actively post the leaked information on social media, Don and the rest of the management team decided she was still responsible for the social media infringement because she
Answers
Answer:1.Even though Kelly did not actively post the leaked information on social media, Don and the rest of the management team decided she was still responsible for the social media infringement because she
a.told someone information which led to the social media post.
2.In the case of Serena’s social media complaints about the company, Don says the key is that, though her comments did not put the company in a good light, there are important lines she did not cross. ________, racial bias, and foul language are the three examples he cites that would beinfringements on company social media policies.
a.Hate speech
3.What is Don’s response when Kelly tells him that the assistant manager labelled social media training a “low priority”?
a.He makes a note to make sure it’ll never happen again.
4.When Kelly continues to argue against the decision to let her go, Don tells her that he is sorry to see her go and that he will give her the best reference he can under the circumstances. Here, what is his strategy for managing this difficult confrontation?
a.showing empathy for the employee
5.After the confrontation with Kelly, Don says that one thing that did not help the decision to let Kelly go was that she refused to take ________ for the social media violation.
a.responsibility
Explanation:
Don and the rest of the management team agreed that even though Kelly did not actively publish the disclosed material on social media, she was nonetheless accountable for the social media infringement since she told someone information that led to the social media post.
What are social media and its importance?The phrase "social media" refers to websites and programs that emphasize communication, community-based input, engagement, content sharing, and collaboration. People utilize social media to stay in touch with friends, family, and members of various communities.
An information leak occurs when confidential information is disclosed to unauthorized individuals or parties. A brief examination of news sources reveals that data leaks occur with worrying frequency.
Learn more about Social Media here:
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A modified DCF analysis is best for evaluating and selecting the optimal strategic alternative when a company has ___ goal(s) and ___ measure(s).
Answers
Answer: single; quantitative
Explanation:
The discounted cash flow analysis is a method that is used to determine the value of a project, security, or assets by using time value of money.
The discounted cash flow analysis is used in real estate, investment finance, patent valuation etc. A modified DCF analysis is best for evaluating and selecting the optimal strategic alternative when a company has single goal(s) and quantitative measures.
Answer:
Multiple; quantitative
Explanation:
A modified DCF analysis is best for evaluating and selecting the optimal strategic alternative when a company has ___ goal(s) and ___ measure(s).
Empirical evidence from 1960 to 2010 shows that convergence in economic growth is occurring in which of the following cases?
a. All low-income countries are catching up to all high-income countries.
b. Low-income industrial countries are catching up to high-income developing countries.
c. Low-income developing countries are catching up to high-income industrial countries.
d. Low-income industrial countries are catching up to high-income industrial countries.
Answers
Answer:
Correct Answer:
c. Low-income developing countries are catching up to high-income industrial countries.
Explanation:
The evidence which shows that low income developing countries are catching up to high-income industrial countries could be found in the series of developmental strides made by some countries like Rwanda, Kenya, Tanzania, Indonesia, Vietnam etc over the years. Most of their achievements is at par with most European countries in different sectors such as educational, and social sectors.
Use the Circular Flow Model to explain how the economy of Bangladesh functions.
Answers
Answer:
What Is the Circular Flow Model?
The circular flow model demonstrates how money moves through society. Money flows from producers to workers as wages and flows back to producers as payment for products. In short, an economy is an endless circular flow of money.
That is the basic form of the model, but actual money flows are more complicated. Economists have added in more factors to better depict complex modern economies. These factors are the components of a nation's gross domestic product (GDP) or national income. For that reason, the model is also referred to as the circular flow of income model.
Explanation:
A sofa manufacturer can produce 10 sofas for $2,500 and 12 sofas for $2,760. What is the difference between the average cost per sofa for 12 sofas and the marginal cost of the 12th sofa
Answers
Answer:100
Explanation:
The following information can be gotten from the question:
Cost for 10 sofas = $2500
Cost for 12 sofas = $2760.
Average Cost = Total Cost/Quantity
2500 / 10 = $250 and
$2760 / 12 = $230
The average cost for 12 sofas will be $230
Marginal cost is the change in total cost divided by the change in quantity. This will be:
= ( 2760 - 2500 )/( 12 - 10 )
= 260/2
= 130
The difference between the average cost per sofa for 12 sofas and the marginal cost of the 12th sofa will be:
=230 - 130
= 100
Answer:
100
Explanation:
I took the question on the assignment and got it right
Which of these does NOT describe a friction that might prevent firms from choosing the optimal level of capital? A. Making too big of a change can be more expensive than making a few smaller changes. B. A firm might not be able to borrow enough to pay for the investments it wants to make. C. The firm likes its workers and doesn’t want to replace some jobs with machinery. D. Some capital is very specialized and cannot be re-sold in cases of economic downturns.
Answers
Answer:
C. The firm likes its workers and doesn’t want to replace some jobs with machinery.
Explanation:
Optimal level of capital simply refers to an ideal strategy used by a firm to raise capital. For example, a firm may decide between debt financing or equity financing, depending on the company's desired level of capital.
So, an already operational firm with that likes its workers and doesn’t want to replace some jobs with machinery has no direct relationship with its level of capital.
Digby's turnover rate for this year is 6.33%. This rate is projected to remain the same next year and no further downsizing will occur from automating. What would the total recruiting cost be for Digby, assuming it spends the same amount extra above the $1,000 recruiting base as they did this year?
Answers
Answer:
Total recruitment cost = $316.5
Explanation:
Note:
Given question is incomplete,
The number of employees = 5,000
Given:
Turnover rate for this year = 6.33%
Find:
Total recruitment cost
Computation:
Total recruitment cost = Turnover rate for this year × The number of employees
Total recruitment cost = 5,000 × 6.33%
Total recruitment cost = $316.5
The total recruiting cost will be $316.5 for Digby.
Given information
Assumed the number of employees is 5,000
Turnover rate for this year = 6.33%
Total recruitment cost = Turnover rate for this year * The number of employees
Total recruitment cost = 5,000 * 6.33%
Total recruitment cost = $316.5
Therefore, the total recruiting cost will be $316.5 for Digby.
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A company has reported operating income of $25,000,000. The bond interest expense for the year is $4,000,000 and principal payments on bonds totaled $1,000,000. The company's debt service coverage ratio is:
Answers
Answer:
The company's debt service coverage ratio is 5.
Explanation:
The debt service coverage ratio refers to the financial ratio that give a measure of the ability of a company to meet its current debts obligation.
The debt service coverage ratio therefore compares the operating income of the company with the company's total debt service obligations.
The total service obligation includes the current interest, principal repayment, and any other debt obligations.
The formula for calculating the debt service coverage ratio is given as follows:
Debt service coverage ratio = Operating income / Total debt service costs
Form the question, we have:
Operating income = $25,000,000
Total debt service costs = Interest expense + Principal payments on bonds = $4,000,000 + $1,000,000 = $5,000,000
Substituting the values into the formula, we have:
Debt service coverage ratio = $25,000,000 / $5,000,000 = 5
Therefore, the company's debt service coverage ratio is 5.
Since this is greater than 1, this iimplies that operating profits made by the company is more than enough to pay its current debt service costs.
The expected average rate of return for a proposed investment of $625,000 in a fixed asset with a useful life of four years, straight-line depreciation, no residual value, and an expected total net income of $250,000 for the 5 years, is which of the following?
a.16%
b.50%
c.40%
d.18%
Answers
Answer:
C. 40%
Explanation:
Lense Laboratories' net income was $260,000. Given the account information below, what is the net cash flows from operating activities for Lense Laboratories?
Answers
Answer:
The question is incomplete, below is the completed question:
Lense Laboratories' net income was $250,000. Given the account information below, what is the net operating cash flows for Lense Laboratories?
Increase In Accounts Receivable...$60,000
Increase In Salaries Payable...$50,000
Decrease In Inventory...$30,000
Depreciation Expense...$45,000
Increase In Prepaid Insurance...$3,000
a. $152,000.
b. $278,000.
c. $312,000.
d. $438,000.
The correct answer is:
$312,000 (c.)
Explanation:
operating cash flow is the number of cash generated by a business' regular operating activities within a specific time period.
The formula for net operating cash flow is as follows:
Operating cash flow = Net income + Non-cash expenses - increase in working capital
Net income = $250,000
Non-cash expenses = increase in salary payable + decrease in inventory + depreciation in expenses
Non-cash expenses = 50,000 + 30,000 + 45,000 = $125,000
increase in working capital = increase in accounts receivable + increase in prepaid insurance
increase in working capital = 60,000 + 3,000
increase in working capital = $63,000
∴ Operating cash flow = 250,000 + 125,000 - 63,000 = $312,000
Cash flow from activities = $312,000
The earliest time that an activity can be completed is equal to the latest time it can begin minus the time to perform the activity. Group of answer choices True False
Answers
Answer: False
Explanation:
The earliest time of an activity os necessary in order to reduce the duration of a project. The earliest start time of an activity is the time that is earliest where an activity can begin.
The earliest finish time is the addition of the early time with the completion time of the activity.
Describe the main differences for revenue spending between ""for profit"" companies and ""not for profit"" companies. Describe how the main financial documents of Goodwill are similar to those companies that are ""for profit"". Describe how the main financial documents of Goodwill are difference to those companies that are ""for profit"".
Answers
Answer with Explanation:
Requirement 1:1. Profit Organization
The aim of profit organization is to maximize the wealth of shareholders by increasing its profits. The owners of the company get dividends and appreciation in the value as a return from the company.
2. Nonprofit Organization
The primary mission of Non-profit organization is to benefit the community by helping them and the earnings generation is not the primary goal of the company. ACCA is an entity that delivers quality education to its students and also earns profit on it but the profit margin kept is as low as possible to keep its operation running. Other examples are Rolex, NGO's, National Health Institutes, etc.
In other words, these institutes are for charitable purpose and their primary objective is not making profits.
Key Difference Between Profit Organization and Non-profit Organization
A profit organization's primary objective is to maximize profits whereas the Non profit organizations work for delivering services and products that helps in uplifting the society from their donations.A profit organization is registered as a sole proprietorship or partnership or a corporation. Whereas Non profit organization is registered as a charity club, association of person, trust, corporations, etc.Usually major source of income of Non profit organization comes from donations, government and corporation grants, subscriptions, etc. Whereas the major source of profit organization is income generated from the sale of goods and services. Non profit organization - the major incomes are donation, grant, legacies, subscription, etc.Requirement 2:
Profit making organization have to publish all financial statements which includes income statement, balance sheet, cash flow statement, statement of changes in equity, etc whereas the non profit organization only publishes balance sheet and cash flow statement. If the Non profit organization is involved in selling of products and services then the organization will also have to prepare income statement.
The non profit organization doesn't pays andy dividends as it is a charity firm and all it does is, it spends it money for the welfare of the community. Whereas the profit organization have to retain a share of earned profits and then distributes the remainder to shareholders.
The profit making organization publishes changes in equity statement whereas the charitable firm is not required to publish such things because its primary objective is to spend on the welfare of the community.
The statement "Automobiles manufactured by this brand are the safest" is an example of the _____ component of attitude.
Answers
Answer:
cognitions
Explanation:
The cognitions component of attitude refers to the opinion a person has about an object. According to this, the answer is that the statement "Automobiles manufactured by this brand are the safest" is an example of the cognitions component of attitude as the sentence shows the belief the person has about that brand.
Concord Corporation has 8,800 shares of common stock outstanding. It declares a $3 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare the entries on the appropriate dates to record the declaration and payment of the cash dividend
Answers
Answer:
Declaration date:
Dr retained earnings $26400
Cr dividends payable $26400
Payment date:
Dr dividends payable $26400
Cr Cash $26400
Explanation:
Total dividend declared is the number of shares multiplied by cash dividend per share
total dividend=$3*8,800=$26400
On the record date no entries are required since record date, is just about verifying the bonafide shareholders.
On declaration date,dividends payable would be credited with $26,400 while retained earnings is debited.
On payment date,dividends payable is debited and cash credited