1. A check for $62 written to the company by J. Johnson was returned NSF.
- The account to be debited is accounts receivable, while the account to be credited is cash.
2. The monthly service charge by the bank was $48. - The account to be debited is bank charges expense, while the account to be credited is cash.
3. The bank collected a $1,900 note plus interest of $71 on the company's behalf. The company had not accrued the interest. - The account to be debited is interest expense, while the account to be credited is interest income and notes receivable.
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Which 2 features in QuickBooks Online can help a professional services company track profitability by client?
1. Customer Statements
2. Profit and Loss by customer report
3. Projects
4. Recurring Transactions
5. Price Rules
2. Profit and Loss by customer report. 3. Projects. These are the two features in QuickBooks Online that can help a professional services company track profitability by client.
The Profit and Loss by customer report provides a detailed breakdown of income, expenses, and profitability for each individual customer. This report allows professional services companies to analyze the financial performance of each client and track their profitability. The Projects feature in QuickBooks Online enables businesses to track income, expenses, and profitability associated with specific projects or clients. This feature allows for the creation of project budgets, tracking of project-related transactions, and monitoring of project profitability. By utilizing the Profit and Loss by customer report and the Projects feature, professional services companies can gain valuable insights into their profitability by client, enabling them to make informed decisions and optimize their financial performance.
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Given the current status of the U.S. economy—a slow recovery from a severe, pandemic-induced economic downturn, relatively high unemployment, moderate inflation, and an enormous national debt level—what aggregate demand policy would you recommend as the single most important course of action needed to address the current status of the U.S. economy?
Why do you believe that your recommended course of action will be successful in improving the current performance level of the U.S. economy?
To address the current state of the U.S. economy, implementing expansionary fiscal policy through increased government spending and/or reduced taxes would be recommended. This can stimulate spending, boost aggregate demand, and improve economic performance.
Based on economic principles, during a slow recovery with high unemployment, a recommended aggregate demand policy would be an expansionary fiscal policy. This involves increasing government spending and/or reducing taxes to stimulate consumer and business spending, thus boosting aggregate demand.
Expanding government spending can create job opportunities, leading to increased employment levels. Reducing taxes puts more money in consumers' pockets, encouraging them to spend more, which can further stimulate economic activity. These measures aim to increase overall spending, leading to increased production, job creation, and economic growth.
The effectiveness of expansionary fiscal policy depends on various factors such as the magnitude of the stimulus, timing, and efficiency of spending. It also requires careful management to ensure fiscal sustainability and avoid excessive inflation or further accumulation of the national debt. Implementing such policies alongside measures to address structural issues and promote long-term economic growth can contribute to improving the overall performance of the U.S. economy.
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Kelley Company reports $960,000 of net income and declares $120,000 of cash dividends on its preferred stock for the year. At year-end, the company had 400,000 weighted-average shares of common stock. 1. What is the company's basic earnings per share (EPS)
The company's basic earnings per share (EPS) is $2.40 per share.
To calculate the basic earnings per share (EPS), we need to divide the net income by the weighted-average number of shares outstanding during the year. In this case, Kelley Company had a net income of $960,000 and 400,000 weighted-average shares of common stock.
EPS = Net income / Weighted-average number of shares outstanding
EPS = $960,000 / 400,000
EPS = $2.40 per share
This means that for every share of common stock, the company earned $2.40 in net income. This information is important for investors as it allows them to evaluate the profitability of the company and compare it to other companies in the same industry.
It's important to note that this calculation only takes into account the common shares and does not include the preferred shares or any dilutive securities that may affect the number of shares outstanding.
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Quintin's supervisor asks him to use predictive modeling in his decision-making process. What would Quintin's task MOST likely include based on this
directive?
O A. the creation of a decision tree
O B.
O C.
O D.
a conversation with his colleagues
an analysis of data charts
a written list of pros and cons
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If Quintin's supervisor asks him to use predictive modeling in his decision-making process, Quintin's task would most likely include: A. the creation of a decision tree.
What is predictive modeling?Predictive modelling frequently uses decision trees to assist see and analyse the potential effects of a decision.
They offer a methodical technique to weigh the advantages and disadvantages of many options and can aid in determining the best course of action.
Therefore choosing option A is the most likely response. Option B, a discussion with his coworkers, Option C, a review of data charts, and Option D, a written list of advantages and disadvantages, are all potential tasks that may be engaged in decision-making, albeit they may not be explicitly related to predictive modelling.
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The Cash account of Gate City Security Systems reported a balance of 2400 at December 31, 2018. There were outstanding checks totaling 1300 and a December 31 deposit in transit of 400. The bank statement, which came from Tri Cities Bank, listed the December 31 balance of 3810. Included in the bank balance was a collection of 520 on account from Carol Lajoy, a Gate City customer who pays the bank directly. The bank statement also shows a 30 service charge and 20 of interest revenue that Gate City earned on its bank balance. Prepare Gate City's bank reconciliation at December 31.
Answer:
Explanation:
gate City bank reconciliation statement as at December 31, 2018
Balance as per cash book 2400
Direct payment to the bank (loan) 520
Less bank charges (30)
Add bank interest 20
Adjustment 510
Adjusted cash book balance 2910
Balance as per bank statement 3,810
Less outstanding check (1300)
Add deposit in transit 400
Adjustment (900)
Adjusted bank statement balance 2,910
Indique en su comunidad en qué proyectos se podrían realizar negociaciones entre diferentes actores (vecinos, empresas, iglesias, municipalidad).
Answer:
En toda comunidad se suscitan diferentes problemáticas que afectan directa o indirectamente a los diferentes actores que componen el medio social de la comunidad: por ejemplo, conflictos entre vecinos, o entre estos con empresas, la municipalidad, etc. Así, los intereses de estos actores se contraponen, y es necesario que se resuelvan mediante métodos pacíficos.
El método pacífico de resolución de conflictos más común e idóneo es la negociación, por la cual las partes hacen concesiones recíprocas en mayor o menor medida, con el objetivo de sortear el conflicto y resolverlo.
Así, por ejemplo, una negociación podría darse entre vecinos para resolver un conflicto de índole doméstico, por ejemplo, por la acumulación de basura en la vereda, donde ambas partes llegarían a un acuerdo para resolver la cuestión.
what are some of the service departments that support products? which allocation method do you think would be the best for the company to choose and why?
Service departments are departments within an organization that provide support services to other departments, but do not directly contribute to the production of the final product. Some examples of service departments include:
Human Resources - provides support for personnel matters such as hiring, training, and benefits administrationInformation Technology - provides support for computer systems and technology infrastructureMaintenance - provides support for the upkeep and repair of equipment and facilitiesLegal - provides support for legal issues such as contracts and disputesAccounting - provides support for financial reporting and record-keepingThe allocation method chosen by a company to allocate the costs of its service departments will depend on a variety of factors, including the nature of the business, the relationship between the service departments and the production departments, and the company's overall financial goals and objectives.
There are several allocation methods that can be used to allocate the costs of service departments, including:
Direct Method - the costs of the service departments are directly allocated to the production departments based on a specific measure such as the number of employees or the amount of space used.Step-Down Method - the costs of the service departments are first allocated to intermediate cost pools, and then to the production departments based on a specific measure such as the number of employees or the amount of space used.Reciprocal Method - the costs of the service departments are allocated to the production departments and the production departments are allocated back to the service departments.In general, the best allocation method for a company will depend on the specific circumstances of the business and the relationships between the service departments and the production departments. A company may choose to use a combination of allocation methods, depending on the needs of the business and the goals of the company.
In general, the most important factor in choosing an allocation method is that it should be reasonable, consistent, and accurately reflect the relationship between the service departments and the production departments. It is also important to choose a method that will provide useful information for decision-making and help the company to meet its financial goals.
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How are squared top balusters used
Initially, the handrail would not be possible without the balusters. Balusters also fill in the spaces between the posts, making the railing safer by reducing the number of potential entry points for a person to fall over. Finally, balusters are an apparent way to give your railing some more flare in terms of both design and structure.
This is further explained below.
What are balusters?Generally, Staircases, parapets, and other architectural elements often feature balusters, which are vertical molded shafts, squares, or lathe-turned forms. Its primary use is as a spindle in the assembly of furniture. Wood, stone, and metal or ceramic are typical building materials.
In conclusion, To start, the railing is held up by balusters. To further enhance safety, balusters fill up the spaces between the posts. Lastly, balusters are an apparent way to give your railing some more flare in terms of both design and structure.
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Omega Company would have applied $31,500 of fixed manufacturing overhead if capacity usage had equaled the master budget. Given that 2,000 standard hours were allowed for the actual output, that actual fixed manufacturing overhead equaled the budgeted amount, and that overhead was applied at a rate of $15 per hour, what is the entry to close the fixed manufacturing overhead accounts
Answer and Explanation:
The journal entry to close the manufacturing overhead account is shown below:
Given that
There is applied overhead of $31,500
And, the budgeted overhead is
= 2,000 × $15
= $30,000
As we can see that the budgeted overhead would be lower than the applied overhead so this is an under applied overhead
Cost of goods sold Dr $1,500 ($31,500 - $30,000)
To factory overhead $1,500
(Being the closing of overhead is recorded)
The purpose of orientation is to assess a worker's performance over the
O past year
O locate potential job candidates
O acquaint a new employee with co-workers and job duties
O determine whether a worker should be dismissed
if a union is able to decrease the supply of workers in a competitive labor market but the union cannot affect the demand for its members' labor, then
While a union's ability to decrease the supply of workers can have localized benefits for its members, the inability to influence labor demand restricts the union's broader impact on the labor market.
If a union is able to decrease the supply of workers in a competitive labor market but cannot affect the demand for its members' labor, several implications arise. First and foremost, by reducing the supply of workers, the union can potentially exert upward pressure on wages and benefits for its members. With a smaller pool of available workers, employers may be compelled to offer higher compensation to attract and retain unionized workers.
However, since the union cannot influence the demand for its members' labor, there are limits to the benefits it can achieve. Even if wages rise within the union, the overall demand for labor remains unchanged, meaning that non-unionized workers may continue to compete for job opportunities at market-driven rates. Consequently, the union's impact on the broader labor market may be limited.
Additionally, the reduced supply of unionized workers may create opportunities for non-unionized workers to fill the gap, potentially leading to an increase in non-unionized employment. This dynamic could affect the relative bargaining power between unions and employers, as well as the overall composition of the labor market.
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Someone Help This Is Due today !!!!
Match the Professionalism term with its meaning
1.
Accountability
2.
Integrity
3.
Punctuality
4.
Productivity
5.
Initiative
a.
doing your job as efficiently and effectively as possible
b.
doing the right thing, even when no one is watching
c.
being responsible for your actions and words
d.
being on time
e.
to take charge or do things without being told
Answer:
Number 1
Explanation:
Number 1 is correct
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation.
Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply.
A. The costs of air and water pollution
B. The quality of goods available to consumers
C. Funds spent by city governments to renovate their buildings
D. The import and sale of illegal drugs from South America
The costs of air and water pollution and the import and sale of illegal drugs from South America are not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States.
The measurement of GDP is a widely used indicator to assess a nation's economic output. However, it has limitations when it comes to capturing certain aspects of economic activity. Two scenarios that are not adequately accounted for or measured by the income or expenditure methods of calculating GDP for the United States are the costs of air and water pollution and the import and sale of illegal drugs from South America.
When it comes to air and water pollution, the negative externalities associated with these activities are not factored into GDP calculations. While GDP takes into account the value of goods and services produced, it does not consider the harmful effects of pollution and the costs incurred in mitigating its consequences. This means that GDP may overstate economic welfare by not accounting for the environmental damages caused by pollution.
Similarly, the import and sale of illegal drugs from South America are not included in GDP calculations. As these transactions occur outside legal channels and are often hidden from official records, they do not contribute to the measured GDP. However, the drug trade represents economic activity and has a significant impact on the overall economy, including factors such as employment, income, and consumption.
GDP calculations provide a useful but imperfect measure of a nation's economic output. The exclusion of costs related to pollution and the omission of illegal activities like drug trade from GDP measurements are examples of the limitations of this indicator. These exclusions can distort the true economic picture and hinder policymakers' ability to make informed decisions. Alternative metrics, such as the Genuine Progress Indicator (GPI), attempt to account for these shortcomings by incorporating factors like environmental sustainability and social welfare into economic measurements. By considering a broader range of economic, social, and environmental factors, policymakers can gain a more comprehensive understanding of a nation's well-being and make more informed policy choices.
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Which of the following is a feature of seed financing? O a. The managerial involvement is very high. The company has to start up all operations Ob Money is used to finance research: The company needs money to finance the development C. Money is used to pay off debtors.
The correct option is: a. The managerial involvement is very high. The company has to start up all operations .
Seed capital is the cash raised to begin developing a thought for a business or another item.
This funding for the most part takes care of just the expenses of creating a proposition.
In the wake of securing seed financing, startups might approach financial speculators to obtain extra financing.
Some seed capital might come from angel investors — proficient investors who have a high total assets.
A company that is initially starting out may have restricted admittance to funding and different sources. Banks and different investors might be reluctant to invest in light of the fact that it has no set of experiences or laid out history, or any proportion of accomplishment. Many startup executives frequently go to individuals they know for initial investments — loved ones. This financing is alluded to as seed capital.
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The common stock of Xiang Estates has an expected return of 13.3 percent. The expected return on the market is 10 percent, the inflation rate is 1.4 percent, and the risk-free rate of return is 1.3 percent. What is the beta of this stock?
The beta of the common stock of Xiang Estates given the expected return, expected market rate of teturn and risk free rate is 1.24.
What is the beta?Beta is used to measure systemic risk. Systemic risk is the risk that cannot be diversified away. The higher beta is, the higher systemic risk is and the lower beta is, the lower systemic risk is.
Beta = (expected return - risk free rate) / market premium
(13.3 - 1.3) / ( 10 - 1.3) = 1.24
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A hurricane destroys the banana crop on the island of st. vincent in the caribbean sea. this causes a shift to the left in the supply of bananas to the united states. prices of bananas will ___________ because of a change in __________.
A hurricane destroys the banana crop on the island of St. Vincent in the Caribbean Sea. This causes a shift to the left in the supply of bananas to the United States. Prices of bananas will increase because of a change in resource costs and availability.
What is resource cost?Resource costs are either fixed or variable costs associated with using resources as needed by the various project activities.
When a resource is used by an activity, there is a cost associated with using it that can be thought of as a one-time expense.
A consumable resource's per-use fee is only ever applied once after it has been utilized.
On the other hand, the resource demand of the activity determines the cost per use of a renewable resource (i.e. its resource requirement and not its total work content).
For instance, gallons of gasoline required to fuel excavators during a building project have a cost per use of €250 every delivery.
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A hurricane destroys the banana crop on the island of St. Vincent in the Caribbean Sea. This causes a shift to the left in the supply of bananas to the United States. Prices of bananas will increase because of a change in resource costs and availability.
What is resource cost?Resource costs are either fixed or variable costs associated with using resources as needed by the various project activities.
When a resource is used by an activity, there is a cost associated with using it that can be thought of as a one-time expense.
A consumable resource's per-use fee is only ever applied once after it has been utilized.
On the other hand, the resource demand of the activity determines the cost per use of a renewable resource (i.e. its resource requirement and not its total work content).
For instance, gallons of gasoline required to fuel excavators during a building project have a cost per use of €250 every delivery.
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why do private sector firms seeking profit will allocate scarce resources to the production of goods and services and will it be able to make good quality products for consumers?
Answer:
Markets use prices as signals to allocate resources to their highest valued uses. ... Businesses also have dual roles—they supply goods and services and demand resources. The interaction of demand and supply in product and resource markets generates prices that serve to allocate items to their highest valued alternatives.
Explanation:
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6. Describe at least three things a bank would consider about you when deciding whether to give you a loan. (1-3 sentences. 3.0 points)
Explanation:
Your Credit History
Your Ability To Pay The Loan
Your Cash Flow History
Which of the following would represent a proper scope for market testing?
O A. Providing a limited number of the product to all potential retail
outlets
B. Placing the product in only a few retail locations for only one retail
chain
C. Exposing a small group of individual consumers to the product at
the company office
D. Providing an unlimited number of the product to all interested
retailers
The statement would represent a proper scope for market testing by Placing the product in only a few retail locations for only one retail chain. Thus the correct option is B.
What is a Product?A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.
The experimental release of a product and a marketing strategy is known as test marketing. The goal is to evaluate how potential customers will respond in a highly competitive marketplace.
Positioning the product in a small number of retail outlets for a single retail chain will allow for more focused market testing and better customer feedback.
Therefore, option B is appropriate.
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How does the Law of Supply look at a price from the seller’s perspective
The following account balances were taken from the adjusted trial balance for Shaw Messenger Service, a delivery service firm, for the fiscal year ended April 30, 20Y1:
Depreciation expense $8,750
Fees earned 682,000
Insurance expense 1,600
Miscellaneous expense 3,600
Rent expense 52,000
Salaries expense 339,100
Supplies expense 4,000
Utilities expense 42,800
Prepare an income statement.
Income Statement for Service Shaw Messenger Service's income statement for the fiscal year ended April 30, 20Y1, shows total revenues of $682,000 and total expenses of $452,850, resulting in a net income of $229,150.
The income statement shows the revenue earned and the expenses incurred by Shaw Messenger Service during the fiscal year. The revenue is reported under "Fees earned" with a total of $682,000.
The various operating expenses are listed below the revenue. These include depreciation expense, insurance expense, miscellaneous expense, rent expense, salaries expense, supplies expense, and utilities expense. The total of these expenses is $452,850.
To calculate the net income, we subtract the total operating expenses from the fees earned. In this case, the net income is $229,150.
The income statement provides a summary of the company's financial performance, showing the revenue generated and the expenses incurred to generate that revenue. It helps in assessing the profitability of the company during the specified period.
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have led to drastic changes in the ability to gather, analyze, and access
data for research.
O A. Global trends
B. Changing consumer attitudes and behaviors
C. Privacy laws
O D. Advances in technology
Answer:
d
Explanation:
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Advances in technology have led to drastic changes in the ability to gather, analyze, and access data for research. Thus the correct option is D.
What is research?Research refers to deep investigations of the data and information available to provide credentials with facts and figures to provide results that will utilize for the new research.
By adjusting their tactics and actions, today's culture is benefiting from the quick development of digital technologies. Generating creative ideas, it aids in the rapid resolution of problems.
Since information technology radically alters the connection between people and knowledge, businesses and governments are reshaping it in order to increase productivity, increase performance, and reduce operation.
Therefore, option D is appropriate.
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The shareholders' equity of Red Corporation includes $320,000 of $1 par common stock and $520,000 par of 7% cumulative preferred stock. The board of directors of Red declared cash dividends of $62,000 in 2021 after paying $32,000 cash dividends in 2020 and $52,000 in 2019. What is the amount of dividends common shareholders will receive in 2021?
The amount of dividends common shareholders will receive in 2021 is $30,000.How to calculate the amount of dividends common shareholders will receive in 2021:Dividends for preferred shareholders are paid first and any remaining amount will be paid to common shareholders.
The cumulative preferred stock indicates that if any dividends were not paid in the past, they will be paid before common shareholders' dividends are paid.
Step 1: Calculate dividends in arrears for preferred stockholders (because the stock is cumulative).Preferred dividends in arrears in 2021 = (Preferred stock dividend rate x Par value) - Previous dividends paid= (7% x $520,000) - $84,000= $36,400Step 2: Calculate the total amount of dividends that must be paid to preferred shareholders in 2021.Dividends that must be paid to preferred shareholders in 2021 = Dividends in arrears + Dividend payable in 2021= $36,400 + ($520,000 x 7%)= $73,400
Step 3: Total dividends declared in 2021 = $62,000 Dividends paid to preferred stockholders in 2021 = $73,400Remaining amount for common stockholders = $62,000 - $73,400 = -$11,400Step 4: The common stockholders have a deficit balance of $11,400, which means that they do not receive any dividends. Therefore, the amount of dividends common shareholders will receive in 2021 is $30,000. Answer: $30,000.
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The birthrate in the U.S. increases by 20%. Download the graph below and illustrate what will happen to supply and demand for college educations. Illustrate and label on the graph any shifts in supply or demand. Your labels should include D1, D2, S1, S2, E1, E2, and E3.
Because the birthrate in the U.S. increases by 20%, then, the supply and demand for college educations will increase significantly to the uptrend.
What is the supply and demand for college educations?The supply indicates the provision of college education by the schools while the demand indicates the willingness of more people to get college education.
As the birthrate increase, the demand for college educations will increase as well, thereby, increasing the supply for college educations.
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The first systematic chart ever made of an ocean current………by Benjamin Franklin.
Answer:
MARK ME BRAINLIEST PLEASE
Explanation:
was published
linear programming finds the solution that creates the highest profit while satisfying the constraints that a company faces. true or false
The answer for the statement ''linear programming finds the solution that creates the highest profit while satisfying the constraints that a company faces'' is True. Linear programming is a mathematical technique used to optimize the objective function of a company, subject to various constraints such as limited resources.
The objective function typically represents the profit or revenue that the company aims to maximize, while the constraints represent the limitations or restrictions that the company must adhere to.
By formulating the problem in this way, linear programming algorithms can identify the optimal solution that generates the highest profit while still satisfying all of the constraints.
Therefore, linear programming is an essential tool for companies to make informed decisions about resource allocation, production planning, and other critical business operations.
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character is understanding the interests of others, cultivating a sense of community, and demonstrating accountability.
Character is understanding the interests of others, cultivating a sense of community, and demonstrating accountability. These three characteristics define the concept of character. The following are the characteristics of character:
Trustworthiness: A trustworthy person is one who is honest, has integrity, and is reliable. Respect: Respect is treating others with kindness and dignity. Responsibility: Responsibility is taking responsibility for one's actions, being accountable for one's actions, and making good decisions. Fairness: Fairness is treating everyone equally and not allowing personal biases to influence decisions or actions. Caring: Caring is being empathetic towards others, showing compassion, and helping others. Citizenship: Citizenship involves being an active member of one's community and contributing to its betterment.
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Which is not a feature of online banking?
Bill paying
Help from customer service
Locating nearby financial institutions and ATMs
Ordering food for delivery
Answer: Ordering food for delivery
write me a 8 sentence pitch or more for a donut shop
Answer:
come down to our donut shop. please come down and get some donuts. we sell the best donuts here. thank you for your consideration.
we hope you enjoy our donuts.
Explanation:
haha
he flexible budget performance report directs management's attention to areas where: (check all that apply.) multiple select question. costs differ substantially from budgeted amounts. revenues differ substantially from budgeted amounts. small flexible variances exist. small quantity variances exist.
The management's focus is drawn by the flexible budget performance report to areas where corrective action can help control operations.
Flexible budget performance report: what is it?The term "flexible budget performance report" refers to a particular kind of report that enables management of a business to distinguish between quantity deviation and price variance.
Flexible budget performance reports are crucial for businesses because they help them identify areas where they may improve efficiency by taking remedial action.
As a result, management is focused on areas where corrective action can help maintain operational control.
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