Use the following financial statements and additional information.
ONPOINT INCORPORATED
Comparative Balance Sheets
June 30, 2019 and 2018
2019 2018
Assets Cash $ 127,700 $ 74,600
Accounts receivable, net 70,000 55,000
Inventory 65,000 90,000
Prepaid expenses 4,500 5,600
Total current assets 267,200 225,200
Equipment 131,000 121,000
Accumulated depreciation—Equipment (33,000) (11,000)
Total assets $ 365,200 $ 335,200
Liabilities and Equity Accounts payable $ 28,000 $ 34,000
Wages payable 7,000 17,000
Income taxes payable 3,800 4,200
Total current liabilities 38,800 55,200
Notes payable (long term) 35,000 70,000
Total liabilities 73,800 125,200
Equity Common stock, $5 par value 250,000 180,000
Retained earnings 41,400 30,000
Total liabilities and equity $ 365,200 $ 335,200
ONPOINT INCORPORATED
Income Statement
For Year Ended June 30, 2019
Sales $ 699,000
Cost of goods sold 427,000
Gross profit 272,000
Operating expenses Depreciation expense $ 61,000 Other expenses 69,000 Total operating expenses $ 130,000
142,000
Other gains (losses) Gain on sale of equipment 2,200
Income before taxes 144,200
Income taxes expense 44,140
Net income $ 100,060
Additional Information
A $35,000 note payable is retired at its $35,000 carrying (book) value in exchange for cash.
The only changes affecting retained earnings are net income and cash dividends paid.
New equipment is acquired for $60,000 cash.
Received cash for the sale of equipment that had cost $50,000, yielding a $2,200 gain.
Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.
All purchases and sales of inventory are on credit.

Answer:

Professional education is a formal specialized training about a particular profession in which learners are taught the central concepts, principles, and techniques, and how these are applied in real practice, and the learners also acquire the necessary competencies needed for proper practice and behaviour.

Professional education is a formalized approach to specialized training in a professional school through which participants acquire content knowledge and learn to apply techniques. Although content is what the participant is expected to learn by attending professional school, such an education also helps the participant acquire the competencies needed for proper practice and behavior.

A spherical magma body with a radius of 5.8 meters and a cubical magma body with sides of length 9.35 meters, in which body of magma is the magma likely to cool more quickly .The magma will cool more quickly in the cubical magma body.

This is because the surface area-to-volume ratio of the cubical magma body is larger than that of the spherical magma body. The rate of cooling depends on the surface area available for heat loss, and since the surface area of the cubical magma body is greater than that of the spherical magma body, the cubical magma body will cool more quickly.

Additionally, the corners of the cubical magma body provide even more surface area for heat loss compared to the smooth surface of the spherical magma body.

The rate of cooling of a body of magma (or any object, for that matter) depends on several factors, including its surface area, its volume, and its thermal conductivity. The greater the surface area, the more heat can be lost to the surrounding environment, and the faster the body will cool. Similarly, the greater the volume, the more heat the body contains, and the longer it will take to cool. Finally, the thermal conductivity of the material also plays a role, as some materials are better at conducting heat than others.

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Answer:

हिंदी में खोजें

एप्लीकेशन ऑफ नुक्लेअर एनर्जी

Applications of nuclear energy

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Background: Nuclear energy can be used for various industrial applications, such as seawater desalination, hydrogen production, district heating or cooling, the extraction of tertiary oil resources and process heat applications such as cogeneration, coal to liquids conversion and assistance in the synthesis of chemical.

Answer:

C

Explanation:

Eddy attends as many technical training and seminar as possible

Answer:

The answer is C.) Eddy attends as many technical training's and seminars as possible.

Explanation:

I took the test and got it right.

Answer:

1.  $13,000

2. $34,000

3. $52,200

4. $28,100

5. $13,700

6. ($18,500)

Explanation:

Hi, I have attached the full question as pdf below

The Accounting equation is stated as :

Assets = Equity + Liabilities

also stated as,

Equity = Assets - Liabilities

therefore,

1.  Equity = $29,000 - $16,000 = $13,000

2. Equity = $63,000 - $29,000 = $34,000

now

Beginning Equity + Common Stock Issue + Net Income - Dividends = Ending Equity

where,

Beginning Equity = $13,000 (calculated)

Ending Equity = $34,000 (calculated)

therefore,

3. Net Income = $34,000 +$36,700-$13,000-$5,500 = $52,200

4. Common Stock = $34,000 + $8,100 - $13,000 - 1,000 = $28,100

5. Dividends = $13,000 + $16,700 + $18,000 - $34,000 = $13,700

6. Net (Ioss) = $34,000 - $13,000 - $41,100 + $1,600 = ($18,500)

According to the California Accountancy Act, Dana Solomon can start working in this capacity no earlier than February 19, 2003. The answer of above question is option (b).

The California Accountancy Act, often known as the CAA, is a liberal collection of rules created by the California Accountancy Board, a framework made up of all of California's CPAs. The Board is empowered by the Act to oversee, punish, and license CPAs. To make sure they are following the guidelines, the CPAs must examine the Act.

The California Accountancy Act (CAA), which was passed by the California Board of Accountancy, serves as the state's complete regulatory framework for CPAs.

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Answer:

GOD?

Explanation:

The firms that employ new technology are the principal sources of new technology in many sectors. This is true.

People, information, materials, tools and equipment, energy, capital, and time are all resources used by any technological system. People's needs drive technology, and people's needs drive technology. Computers, workstations, laptops, tablets, phones, servers, switches, modems, routers, and/or any other hardware, software (local, hosted, or cloud-based), accounts, and technological equipment, tools, or accessories are examples of technology resources.

Three sources of technical change are particularly important to the process of technological development: R&D, learning-by-doing, and spillovers.

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Answer:

(a) 12.26037049%

(b)  15.34868967%

(c) 17.9626%

Explanation:

(a)

=  \(RATE(12\times 25,PMT(\frac{8.5 \ percent}{12} ,12\times 25,1\times 90 \ percent)-PMT(\frac{8 \ percent}{12} ,12\times 25,1\times 80 \ percent),1\times 90\ percent-1\times 80 \ percent)\times 12\)

=  \(12.26037049\)%

(b)

=  \(RATE(12\times 25,PMT(\frac{8.5 \ percent}{12} ,12\times 25,1\times 90 \ percent)-PMT(\frac{8 \ percent}{12} ,12\times 25,1\times 80 \ percent),1\times 90 \ percent\times (1-2 \ percent)-1 \times 80 \ percent)\times 12\)

=  \(15.34868967\)%

(c)

=  \([RATE(12\times 5,-PMT(\frac{8.5 \ percent}{12} ,12\times 25,1\times 90 \ percent)+PMT(\frac{8 \ percent}{12} ,12\times 25,1\times 80 \ percent),-1\times 90 \ percent\times (1-2 \ percent)+1\times 80 \ percent],-[FV(\frac{8.5 \ percent}{12} ,12\times 5,PMT(\frac{8.5 \ percent}{12} ,12\times 25,1\times 90 \ percent),1\times 90 \ percent)]+[FV(\frac{8 \ percent}{12} ,12\times 5,PMT(\frac{8 \ percent}{12} ,12\times 25,1\times 80 \ percent),1\times 80 \ percent))\times 12]\)=  \(17.9626\)%

Note: percent = %

The goal of a marketing exchange is to obtain something that is more desired than what is given up to obtain it. In other words, the gain exceeds the expenditures.

Fourth, the trade participants must be able to communicate with one another in order to make their valuable items available. For an exchange to take place, four conditions must be met: (1) Two or more individuals, groups, or organizations must participate, and each must own something of value that the other party desires; (2) the exchange must benefit or satisfy both parties involved in the transaction; (3) each participant must participate.

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While deciding about where and how many ads needed to be run through digital advertising, the advertisers must consider the customer fatigue associated with their commercials.

Option A is the correct answer.

A customer is an individual who acquires a product from the market through an ad telecasted on electronic devices.

Customer fatigue arises when the customers are losing interest in the advertisements of the company as the ads repetitively come on every digital device. it is important for the advertisers to decide on which medium they are required to advertise their ads and how many ads needed to be advertised so that the interest of the public cannot lose over it.

Therefore, customer fatigue needs to be considered when making a decision about where and how many ads need to advertise.

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Answer:

2) FTC stands for Federal Trade Commission

Explanation:

The true statement is that, FTC stands for Federal Trade Commission.

The Federal Trade Commission (FTC) is an agency of the government of the United States of America saddled with the responsibility of promoting consumer protection and the enforcement of all civil antitrust laws.

Basically, the laws formulated or established by the FTC are to provide protection for consumers of various goods and services while requiring that businesses do not make false claims about them. Also, the Federal Trade Commission (FTC) is responsible for competition regulations among manufacturers of goods and services provided for the consumers.

Sabrina engages in the controlling function when she develops a loyalty reward program because the number of repeat customers has been declining.

In Fayol's management theory, the function helps to seek a planned results from the subordinates, managers and at all levels of an organization.

The controlling function helps the firm to measures the progress towards the organizational goals, brings any deviations and as well indicates corrective action.

Therefore, she is engages in the controlling function when she develops a loyalty reward program because the number of repeat customers has been declining.

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Your online identity, uniqueness, and digital footprint are what define you as a person. Depending on what you do online, it develops your online reputation or impression.

Judith K. Rowling - No one can deny this British native's success, regardless of whether you're a Harry Potter fan or not. The estimated $15 billion valuation of the Harry Potter empire (yes, you read that correctly).

Many people are unaware of Rowling's difficult past, which occurred immediately before the publication of her books.

She wed, endured abuse, gave birth to a daughter, and then filed for divorce from her husband. She had to enroll herself on welfare in order to survive after losing her mother to MS.

Furthermore, every major British publishing business turned down the first Harry Potter novel. One ultimately said yes, and the business was off and running.

J.K. Rowling is an inspirational author because she uplifts kids, establishes strong female role models, and lends her creativity and generosity to charities and rising teenagers.

"Dwelling on dreams while ignoring the present is not healthy." J. K. Rowling

Even if everything is bad, there is still hope for improvement. There are obstacles at every turn, so keep going.

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Answer:

Inflation affects growth by changing the labor supply and demand, and thus reducing aggregate employment in the sector that is subject to increasing returns. The reduction in the level of employment will reduce the marginal productivity of capital.

If deflation is exacerbated, it can throw an economy into a deflationary spiral. This happens when price decreases lead to lower production levels, which, in turn, leads to lower wages, which leads to lower demand by businesses and consumers, which lead to further decreases in prices.

Answer:

2.06%

Explanation:

in order to determine the real risk free rate of return we can use the following formula:

real risk free rate = [(1 + T-bond yield - T-bond maturity risk premium) / (1 + inflation rate)] -1

real risk free rate = [(1 + 5% - 0.9%) / (1 + 2%)] -1 = (1.041 / 1.02) - 1 = 1.0206 - 1 = 0.0206 = 2.06%

Answer:

Venture capital firms get paid through two revenue streams: management fees and carried interest. Management fees are an annual payment made by investors to the venture capital firm to cover its operational expenses. The fee is usually around 2%. Carried interest is a performance incentive paid to the venture capital.

Therefore, the answer is True.

Answer:

Answer: D

Explanation:

Leah takes out a loan to finance the rest of the amount owed. She will have to pay back the principal plus interest. The appropriate response is option D.

The principal of a loan is the sum that was initially borrowed and is still owing. Any accrued but unpaid interest related to the loan is not included in this sum. The phrase can also be used to describe the principal party to a contract or other type of commercial transaction.

The principal serves as the cornerstone upon which everything else is paid off or constructed, respectively, for both loans and investment accounts.

When a debt is incurred by the borrowing of money, interest is the sum that is charged. It may take a company or person some time to pay off a debt, so interest is frequently charged on a regular basis to promote prompt repayment of the initial sum.

Simple interest and compound interest are the two methods for calculating interest. Simple interest is calculated on a loan's principal. Compound interest is often referred to as "interest on interest".

Hence, the appropriate response is option D.

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The four reasons international countries choose Jamaica to do business are below in the below segment.

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In all of these career cluster listed above, you will find all levels of business jobs, such as an Administrative Assistant

For better understanding, let's understand what career clusters means

From the above, we can therefore say that the answer In all of these career cluster listed above, you will find all levels of business jobs, such as an Administrative Assistant is correct.

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$72,600  is the total prime cost incurred by Tyler for the next month (assume the month has 30 days) for tyler’s inc. makes soap. tyler plans to produce 5000 soaps next month.

Prime Cost == Direct material cost + Direct Labor cost

Direct material cost = 3000 tons x $ 11 = $ 33,000

Direct labor cost = 10 workers x 8 hours x 30 days x $ 16.50 = $ 39,600

Prime Cost = $ 33000 + 39600 = $ 72,600

The expenditures incurred by a company that are soap directly tied to the labor and materials utilized in manufacturing are known as prime costs. It speaks about the expenses soap incurred in producing a good, which are calculated to ensure the highest possible profit margin for the producer. The prime cost determines the direct costs of Laboure and raw materials used in the production of a thing. Direct expenditures do not include indirect costs like marketing and office expenses.

The overall direct costs, which may be fixed or variable, associated with producing a product for sale are referred to as prime costs. The overall cost of the production inputs required to produce a specific output is calculated by businesses using prime costs.

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The formula that most likely appear in the formula bar of the spreadsheet when B6 is selected is =AVERAGE(B2:B5). Thus, the correct answer is option (D).

A spreadsheet is a computer programme for organizing, calculating, and storing data in tabular form. Spreadsheets were created as digital counterparts to traditional paper accounting spreadsheets.

The central tendency of a bunch of numbers in a statistical distribution—which is where the center is located—is measured by the AVERAGE function. The following are the top three central tendency measures:

Therefore, option D is correct.

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The expected weekly cranks output should be 3,693.60.

The following formula should be applied:

= Number of cranks produced per hour × number of hours operated per day × number of days per week × expected machine running percentage × efficiency level

= 95 × 9 × 6 × 90% × 80%

= 3,693.60

Therefore we can conclude that The expected weekly cranks output should be 3,693.60.

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Answer: a double coincidence of wants

Explanation:

a double coincidence of wants is a situation in which two people each want to exchange some good or service others can provide

In macroeconomics, money describes a state in which two people want to trade some good or service that the other person can provide.

Money is any commodity or verifiable record that is widely recognized in a given country or socioeconomic environment as payment for products and services and repayment of debts, such as taxes.

Money is widely acknowledged as a vehicle of economic exchange. It is the means for expressing prices and values. It is the primary measure of wealth and circulates from person to person and country to country, promoting commerce.

Money in macroeconomics refers to a situation in which two individuals wish to exchange some item or service that the other person can give. Money is defined as any good that is commonly utilized and accepted in transactions involving the exchange of goods and services from one person to another.

Therefore, it is money.

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The gain or loss you made is $1.80. Firstly, the purchase is made on August 19, so it is necessary to determine the cost of purchasing 900 shares.

The cost of purchasing 900 shares is calculated as follows:$15.01 × 900 = $13,509We can now move on to August 20th, when 900 shares were sold at $15.03 per share. To determine the proceeds, we use the following equation:$15.03 × 900 = $13,527Subtract the purchase cost of $13,509 from the sale proceeds of $13,527 to get:$13,527 − $13,509 = $18Therefore, you made a profit of $18. However, it's worth noting that the profit earned could be eaten up by brokerage commissions if they were applied to the transactions. Additionally, it is worth noting that a limit order may not be executed if the stock does not reach the desired price. As a result, market orders are frequently utilized to execute trades immediately.

Furthermore, in situations where the price of a stock is rapidly changing, it may be difficult to execute limit orders since the stock may not remain at the target price for long enough to complete the order.

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Retailers are important in the distribution of goods to the final consumers as

this ensures less shipping cost accrued as a result of them buying the

commodities in bulk and then selling at designated points which are usually

close to the final consumers.

Retailers also ensure that there is a healthy market competition. The

retailers assist in ensuring that the prices of goods and services varies and

the consumers therefore has various options he/she can choose from which

is a very good thing.

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Answer:

a

Explanation:

i just took the unit text and got a 100%

Answer:  Difficult, but I choose C:  His conclusion is based on an assertion regarding unfairness, and unfairness is a very subjective concept.

Explanation:  The ineffectiveness in Antoine's argument is, in my mind, that he is ignoring the purpose of the gasoline tax increase.  The purpose is to limit petroleum consumption, not to increase revenues.  The increased revenue, in fact, could be used to lower taxes.  While his argument does seem to address fairness, that doesn't apply here.  In fact, it would be unfair to add taxes to people who don't consume much petroleum.  Furthermore, his plan would do nothing to direcly reduce petroleum consumption.  Choice C came closest to this line of thought.