Identify the accounts affected by each transaction and its type. Considering the information provided by Zorum Corporation.
First transaction: $250,000 in cash and par value common stock were issued. The Cash and Common Stock accounts will be impacted by this transaction.
Transaction 2: $120,000 in salaries were recorded and paid. This transaction will have an impact on the Cash and Wages Expense accounts.
3. Purchase of land by the issuance of common stock. We need further information to identify the accounts affected because the transaction's specifics have been omitted.
Make use of the double-entry bookkeeping method. Make certain that the debits and credits balance out for each transaction.
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Prepare a short report about the importance of hotel management.
Answer:
Having a hotel management degree can help you get a lucrative entry position in food or beverage service, accounts, restaurant service, executive housekeeping, marketing, or other departments within a hotel
ECONOMICS QUESTION: Ashley comes up with an idea that she patents, what kind of monopoly does she have?
a. Government monopoly
b. Cartel
c. Technological monopoly
d. Natural monopoly
Answer:
i think C
Explanation:
seattle adventures, incorporated, is trying to decide between the following two alternatives to finance its new $17 million gaming center: issue $17 million, 6% note. issue 1 million shares of common stock for $17 per share with expected annual dividends of $1.02 per share.
1) The completion of the income statement for Seattle Adventures, Incorporated for the year is as follows:
Seattle Adventures, Incorporated
Income Statement (completion)For the year
Issue Note Issue Shares
Operating income $9,200,000 $9,200,000
Interest expense (on the issued note) 1,020,000 0
Income before tax $8,180,000 $9,200,000
Income tax (30%) 2,454,000 2,760,000
Net income $5,726,000 $6,440,000
Number of shares 2,200,000 3,200,000
Earnings per share (net income/number) $2.60 $2.01
2a) Interest expense will be higher by $1,020,000 with the note issuance.
2b) Dividends will be higher by $1,020,000 with the stock issuance.
2c) The issuance of the notes results in higher earnings per share than the issuance of the stock.
How the earnings per share are computed:Notes Payable = $17 million
The annual interest rate on the notes payable = 6%
Total annual interest expense = $1,020,000 ($17 million x 6%)
Earnings per share = Net Income/Number of Common Stock outstanding
= $2.60 ($5,726,000/2,200,000)
Common stock = $17 million (1 million x $17)
Annual dividend per share = $1.02
Total annual dividends = $17,340,000 (17 million x $1.02)
Earnings per share = $2.01 ($6,440,000/3,200,000)
Thus, based on the earnings per share results, Seattle Adventures, Incorporated should issue the notes instead of issuing stock.
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Question Completion:Required: 1. Assuming the note or shores of stock are issued at the beginning of the year, complete the income statement for each alternative.
Outstanding number of common stock shares = 2,200,000
Operating income = $9,200,000
Income tax rate = 30%
2. Answer the following questions for the current year, (a) How much are interest payments higher if issuing the note? (b) How much are dividend payments higher by issuing stock? (c) Which alternative results in higher earnings per share?
If tax rates decrease as income falls, the tax structure is
Regressive taxes are those with tax rates that lower as income rises.
What are tax rates?
The term "tax rates" refers to a progressive tax rate system, in which the amount of tax owed rises as taxable income for an individual or company does.
Regressive taxes are those in which the average tax burden reduces as income increases. Middle- and high-income taxpayers bear a disproportionately large fraction of the tax burden, compared to low-income taxpayers, who bear a negligible amount.
Hence, the significance of the tax rates is aforementioned.
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who wants to vc wit me im depressed
When someone you care about is depressed, giving advice or wisdom may be something you do with only good intentions in mind.
So, yes Video calling would be a good option.
The straightforward definition of depression?Mental disorders like depression are rather thing. It is believed that 5% of individuals worldwide experience this condition. It is characterized by enduring unhappiness and a loss of interest or pleasure in formerly rewarding or delightful activities. It may also between with appetite and sleep.
What is the modern term for depression?Depression, now known as major depressive disorder or clinical depression, is a common but dangerous mood disease. It creates bad symptoms that interfere with your ability to function on a daily basis, including sleeping, eating, and working.
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2. A business installs a free chilled water drinking machine
for staff. This is an example of: (1)
A
B
С
D
a non-financial method of motivation
a promotional method
an improvement to customer service
organic growth
What is market economy?
Answer: an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
Answer:
an economic system in which production and prices are determined by unrestricted competition between privately owned businesses.
Explanation:
what is capital consumption
What is the total monthly payment for this mortgage? Principal Per Month: $150 Interest Per Month: $820 Property Tax Per Year 0.5 percent of the value of the house ($140,000) Home Insurance Per Year $360 PMI Per Month $50 $58.33 $1,108.33 $970 $1,050
Answer:
its is 970
Explanation:
what is the best strategy to avoid paying interests on your credit card
Answer:
Paying the balance full each month
Explanation:
Already did this on everfi and got it right.
Which of the following choices is associated with socialism?
Karl Mars
free market
private ownership of property
Adam Smith
Answer:
Karl Mars
Explanation:
Socialism can be defined as an economic, social and political theory which asserts that the method of exchange, distribution, as well as the means of production of goods and services and ownership of properties should be controlled or regulated by the public (government) rather than the private sector. Thus, everyone living in the society has an equal share of the means of production used in producing the goods and services.
Under socialism, key industries are owned or controlled by the government. Some examples of socialist countries are Vietnam, Cuba, China, etc.
Karl Marx was a German sociologist, economist, philosopher, historian, author and political theorist. Marx was born on the 5th of May, 1818 in Trier, Germany and is famously known for his works on communism, socialism, and capitalism.
Karl Mars is the option which is associated with socialism because he believed all of human history was a struggle between rich and poor.
QUESTION 1 of 10: Large-cap stocks have a market capitalization of:
0 0 0 0
a) Between 300 million and 2 billion
b) Between 10 billion to 200 billion
c) Between 200 billion and 500 billion
d) Between 500 billion and 900 billion
Is the following scenario a partnership? Agreeing to operate an online store to sell gidgits with two people who contributed the
necessary investment capital.
Ο Νο
OYes
Answer:
Yes
Explanation:
The partnership is an agreement made between two or more people in order to share the profit and losses in their profit sharing ratio
Since in the question it is mentioned that the online store is to be opened between two people who wants to contribute the required investment capital
So this situation represent the partnership
You are considering working for A NON PROFIT or Start your own new NON PROFIT upon graduation. Explain how the marketing goals, strategies, and markets for the nonprofit differ from a for-profit organization?
Nonprofit organizations operate differently from for-profit organizations. The nonprofit sector is composed of organizations that are not motivated by profit. Instead, they are driven by a social cause or a desire to effect positive change.
The key difference between nonprofit organizations and for-profit organizations is the way in which they operate. A for-profit organization operates with the goal of making a profit, while a nonprofit organization operates with the goal of achieving a social cause.
This results in several differences between the two in terms of marketing goals, strategies, and markets. Marketing Goals In a for-profit organization, the primary goal of marketing is to generate revenue and increase profits. Marketing strategies focus on identifying and satisfying customer needs, increasing brand awareness, and building customer loyalty.
In contrast, nonprofit organizations focus on achieving social impact and improving the lives of the people they serve. Marketing strategies for nonprofits focus on building relationships with stakeholders, generating support for the cause, and promoting awareness of the organization’s mission.
Marketing Strategies For-profit organizations focus on generating revenue and increasing profits, marketing strategies for for-profit organizations are geared towards increasing sales, expanding the customer base, and building brand recognition.
This is achieved through a variety of marketing techniques, such as advertising, direct marketing, and sales promotions. Nonprofit organizations, on the other hand, rely on donations, grants, and other forms of support to fund their activities.
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Which of the following can an interviewer legally ask you about at a job interview?
A.
Your marital status
B.
Whether or not you have medical conditions
C.
Whether or not you’ve been convicted of a crime
D.
Your age
Where would you measure angles?
A) Driveline components
B) Bolt
C) Fasteners
D) All of the above
Driveline components (option A) are where I would measure angles.
What is angle measurement?The amount of rotation from point A to point B is described as an angle measurement. It is important to mention that the if the rotation is carried in a clockwise direction, then such an angle is called a positive angle. If the rotation is carried out in the anticlockwise direction. Then such an angle is called a negative angle.
Driveline components are described as the various components in a vehicle that allows the wheels to rotate by transferring power to the wheels from the transmission. Angles are measured in a driveline and the angle is kept within one degree with respect to the other components.
It can be concluded that driveline components (option A) are where I would measure angles.
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Geigle and Bailey (2001) argued that change communication is most likely to be effective if change managers _____
Geigle and Bailey (2001) argued that change communication is most likely to be effective if change managers **actively engage** with employees.
Active engagement involves involving employees in the change process, seeking their input and feedback, and addressing their concerns and questions. By actively engaging employees, change managers can create a sense of ownership and involvement, which can increase their commitment and support for the change. Effective change communication also involves being transparent, providing clear and timely information about the change, and maintaining open lines of communication throughout the change process. Overall, active engagement and effective communication are key factors in successfully managing change and gaining employee acceptance and support.
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Which of the following is the amount of money the business has earned after paying income taxes?
O Sales figures
O Costs of goods sold
O Gross profit
O Net income
Answer:
Net income is the amount of money the business has earned after paying taxes
Juan is a young sales professional. He should feel that he is at a disadvantage because his
compensation is tied to his performance. T/F
Juan should not feel that he is at a disadvantage because his compensation is tied to his performance. In fact, having compensation tied to performance can be seen as an advantage for a sales professional. This statement is false.
Here's why:
Incentive for high performance: Tying compensation to performance creates a strong incentive for sales professionals to excel and achieve their targets. Knowing that their efforts directly impact their earnings motivates them to work harder and strive for success.
Reward for exceptional performance: With performance-based compensation, sales professionals have the opportunity to earn higher rewards when they exceed their targets or perform exceptionally well. This can provide a sense of accomplishment and financial satisfaction.
Control over earnings: Performance-based compensation gives sales professionals a certain level of control over their earnings. By putting in the effort, honing their skills, and effectively closing deals, they have the ability to increase their income potential.
Clear measurement of success: Performance-based compensation provides a clear and measurable indicator of success. Sales professionals can track their progress, identify areas for improvement, and set goals to increase their earnings.
While there may be risks associated with performance-based compensation, such as the possibility of not meeting targets or facing variability in income, it is generally considered a fair and rewarding system for sales professionals. It aligns their efforts with organizational goals and provides opportunities for growth and financial success based on their performance.
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for each of the following,state the factors you would consider before selecting the channel of communication to be used :
A} an urgent request for a catalogue
B} asking 1200 parents to attend a parent- teacher association meeting
C} sending 100 books to an overseas destination
D}sending a fox message to remote location
Answer:
B it makes the most sense
Explanation:
The law of demand relates primarily to which of the following?
A
the actions of producers in response to changes in prices
B
the actions of producers in response to changes in production costs
C
the actions of consumers in response to changes in prices
D
the actions of consumers in response to changes in production costs
The law of demand relates primarily to the actions of consumers in response to changes in prices. Thus option (C) is correct.
What is demand?A demand of a product or a commodity is how much a consumer is willing and able to pay for a product at a given time.
The law of demand states the relationship between price and quantity demanded, ceterus paribus. It states that when the price of a product increases its demand decreases, other things remaining constant and vice versa.
The graphical representation of the law of demand is known as demand curve . When the tuition fees of a college falls then the demand for college enrollment will rise.
The law of demand relates primarily to the actions of consumers in response to changes in prices. Therefore, option (C) is correct.
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In the process of producing engine valves, the valves are subjected to a first grind. Valves whose thicknesses are within the specification are ready for installation. Those valves whose thicknesses are above the specification are reground, while those whose thicknesses are below the specification are scrapped. Assume that after the first grind, 74% of the valves meet the specification, 17% are reground, and 9% are scrapped. Furthermore, assume that of those valves that are reground, 90% meet the specification, and 10% are scrapped.
Given that a valve is scrapped, what is the probability that it was ground twice?
Given that a valve is scrapped, we have to find the probability that it was ground twice. Let A be the event that a valve is scrapped, and let B be the event that a valve is reground.
We are required to find the probability of B, given that A has occurred.Since those valves that are reground are done so because they are above specification, the probability of a valve being reground is the same as the probability of a valve being above specification. Thus:
P(A) = 0.09
P(B) = 0.17
P(A ∩ B) = 0.10
Then, we can find P(B|A) using Bayes' theorem:
P(B|A) = P(A ∩ B) / P(A)
= 0.10 / 0.09
≈ 1.111
≈ 1 or 111% (rounded to the nearest whole number)
Therefore, the probability that a valve was ground twice given that it was scrapped is approximately 111%.
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Given the following information for a project for year-1: Revenues =$120,000; Depreciation =$20,000; Operating Costs (Excluding depreciation) =$75,000;8 Tax rate is: 21%; Calculate the relevant after-tax cash flow for the project for year −1 $23,700 $34,800 $39,750 $19,750 From the following data, calculate the after tax-cash flow from Project M for year-1: Revenues =9,000; Total Costs = [Fixed + variable costs] =$4,500 Depreciation for year 1=$2,000; Tax rate =34% $3,650 $3,320 $2,980 $1,650
For the project in year-1, the relevant after-tax cash flow is $23,700. For Project M in year-1, the after-tax cash flow is $2,980.
To calculate the relevant after-tax cash flow for the project in year-1, we need to consider the revenues, depreciation, and operating costs, along with the tax rate.
For the first project:
1. Revenues are $120,000.
2. Depreciation is $20,000.
3. Operating costs (excluding depreciation) are $75,000.
4. The tax rate is 21%.
To calculate the after-tax cash flow, we use the following formula:
After-tax cash flow = (Revenues - Depreciation - Operating costs) * (1 - Tax rate)
= ($120,000 - $20,000 - $75,000) * (1 - 0.21)
= $25,000 * 0.79
= $19,750.
Therefore, the relevant after-tax cash flow for the project in year-1 is $19,750.
For Project M in year-1:
1. Revenues are $9,000.
2. Total costs (fixed + variable costs) are $4,500.
3. Depreciation is $2,000.
4. The tax rate is 34%.
Using the same formula as above:
After-tax cash flow = (Revenues - Total costs - Depreciation) * (1 - Tax rate)
= ($9,000 - $4,500 - $2,000) * (1 - 0.34)
= $2,500 * 0.66
= $1,650.
Therefore, the after-tax cash flow from Project M in year-1 is $1,650.
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The price of mangoes is currently $5.00 per pound. At this price, producers are supplying 4,000 pounds of mangoes. Point C on the graph shows the current equilibrium price and quantity. To which point will the equilibrium shift if the demand increases suddenly because of a non-price determinan
t of demand?
Answer:
yes
Explanation:
Answer:
Point "B"
Explanation:
The following rule of thumb is to follow your equilibrium point. D2 "Demand Curve 2" and S1 "Supply Curve 1" illustrates how demand increases because of a non-price determinant.
A company is planning to expand its business after 5 years from now. The expected money required for the expansion program is $50 000 000. The company can invest $5 000 000 at the end of every year for the next five years. If the assured rate of return of investment is 10% for the company, check whether the accumulated sum in the account would be sufficient to meet the fund for the expansion program. If not, find the difference in amounts for which the company should make some other arrangement after 5 years?
the answer is, the accumulated sum in the account would be sufficient to meet the fund for the expansion program, and there is no need to make any other arrangements.
Planning for the expansion of business and calculating the required funds to meet the objectives is essential for companies. The given problem is an application of compound interest. The company intends to expand its business, and it requires $50,000,000 after 5 years. It plans to invest $5,000,000 every year for the next five years to generate a return of 10%. The problem is to find whether the accumulated sum in the account would be sufficient to meet the required fund for the expansion program and, if not, find the difference in amounts for which the company should make some other arrangement after 5 years.Let us use the formula to find the future value of the investments
P = A(1+r/n)^(nt)
Here,P = Future ValueA = Initial Investmentr = Rate of Returnn = Number of times compounded per yeart = Number of yearsInitially,
the company can invest $5,000,000 per year for the next 5 years, and the rate of return is 10%. Thus, the future value of these investments is:
P = 5,000,000[(1 + 0.10/1)^(1*5) - 1]/(0.10/1)P = 31,825,625.87
At the end of 5 years, the amount in the account is $31,825,625.87. Now, let us find the future value of this amount after 5 years, with the same rate of return:
FV = 31,825,625.87(1 + 0.10/1)^(1*5)FV = 52,044,888.46
Comparing this value with the required amount of $50,000,000, we can see that the amount in the account would be sufficient to meet the required fund for the expansion program. Hence, the company does not need to make any other arrangements for the expansion program. The accumulated amount in the account is more than sufficient to cover the expenses, so there will be no difference between the amount required and the actual value.
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On a day with a high of 30°C, the café
can expect to have about blank in
beverage sales.
On a day with a high of 30°C, the café can expect to have about cold in beverage sales.
How can it be explained in detail?The type of café, where it is located, what day of the week it is, what time of day it is, and other weather variables like humidity, precipitation, and wind can all affect the sales of drinks.
So it seems to reason that on a hot day like this, people would be more likely to buy cool and reviving beverages like iced coffee, iced tea, lemonade, or soft drinks. It Is possible that sales of hot beverages like coffee or hot chocolate may be lower than normal. To draw guests and boost sales, the café can also think about implementing seasonal specials or promotions.
In the end, a number of variables will determine the precise volume of beverage sales on a hot day.
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Suppose a bank has excess reserves of $50 and that the reserve ratio is 20%. If Roderick deposits $5,000 in his checking account, and the bank lends $2,500 to Nia, the money supply: is increased by $2,500. remains unchanged. is increased by $7,500. is decreased by $5,000.
Hi there! When Roderick deposits $5,000 in his checking account, the bank's excess reserves increase by $5,000 since it's a deposit.
Given a reserve ratio of 20%, the bank is required to hold 20% of the deposit as reserves. In this case, the required reserves would be $1,000 (20% of $5,000).
Since the bank already has excess reserves of $50, it can lend out the remaining excess reserves, which is $4,950 ($5,000 - $50 - $1,000). Therefore, when the bank lends $2,500 to Nia, the money supply increases by $2,500.
So, in total, the money supply is increased by $2,500. I hope this helps! Let me know if you have any further questions.
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when queries are saved and run again at a later date one advantage is that the query uses the most information
A. Complex
B. basic
C. historical
D. current
Answer: current
Explanation: took the quiz
Complex queries occur when queries are saved and run again at a later date one advantage is that the query uses the most information.
What is a complex query?It is a type of query that involves an individual using more than one search tools. It can be used to better understand multiple query by further breaking them into bits.
Therefore, Complex queries occur when queries are saved and run again at a later date one advantage is that the query uses the most information.
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7. Another example of opportunity cost is a company's cost of capital. Suppose a manufacturer wants to add
microwave ovens to its product line. To do this, it must invest $500,000 in new equipment.
Besides the original investment, the company estimates it would spend $200,000 per year on production
costs for labor and materials. It also estimates that it could sell about $225,000 worth of microwave ovens
each year. Would it benefit the company to manufacture the microwave ovens if it could earn 10 percent
interest by purchasing U.S. Treasury bonds with the $500,000? Explain your answer.
Answer:
You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.
Explanation:
alternative 1, build and sell microwave ovens:
initial outlay = $500,000
net cash flow per year = $225,000 - $200,000 = $25,000
alternative 2, invest in US securities:
investment = $500,000
net cash flow per year = $500,000 x 10% = $50,000
Opportunity costs are the benefits lost or extra costs resulting from choosing one activity or investment over another.
If you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000 = -$25,000.
Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000 = $25,000.
You should invest in US bonds because you will be able to earn a higher return than if you build and sell microwaves.
The calculation is as follows:alternative 1, build and sell microwave ovens:
initial outlay = $500,000
So,
net cash flow per year = $225,000 - $200,000 = $25,000
now
alternative 2, invest in US securities:
investment = $500,000
net cash flow per year = $500,000 x 10% = $50,000
In the case when you choose to build and sell microwaves, you will not be able to invest in bonds, and therefore, your net income will decrease by $25,000 - $50,000
= -$25,000.
Now
Instead, if you invest in bonds and not microwaves, your net income will increase by $50,000 - $25,000
= $25,000.
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factorise the following3x^2-18 +24
Answer:
it's 3(x^2-2) bcoz -18-24= -6 and 3 is divisible into 6 twice