Answer:
Ethical behavior includes honesty, integrity, fairness and a variety of other positive traits. Those who have others' interests in mind when they make decisions are displaying ethical behavior. In the workplace, there might be a standard for ethics set throughout the company.
Explanation:
6.
Which of the following is an example of representative money?
O gold earrings
O an IOU note
O a fur coat
O diamond
Answer:
an IOU note
Explanation:
IOU or ’I owe you’ is an informal document that recognizes and acknowledges the debts. IOU is not the medium to discuss the conditions or the time to repay.
There is no standard format for the IOU. Time, date, interest, payments don’t have to be included in this document.
The informal nature of the IOU means that there is some uncertainty if it’s the real contract or not, so the law can’t be enforced so easily, like when the contract is formal. This is the reason why IOU is not considered as a negotiable instrument.
I need the answer please help
As given that the taxable state income for the year is $70,000, the applicable tax rate is 5.5%, thus, the tax payable is $3,850.
What does a progressive tax means?A progressive tax is one in which the tax rate rises in proportion to the taxable amount. The term progressive refers to the manner in which the tax rate rises from low to high, resulting in a taxpayer's average tax rate being less than the person's marginal tax rate. The term can refer to either individual taxes or an entire tax system.
We are given that the taxable state income for the year is $70,000. Note that for this salary range, the tax rate of 5.5% is applicable.
Tax payable is computed as:
= $70,000 * 5.5%
= $3,850
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AK Inc. is paying 5% coupon rate for its bondholders over the next 8 years. Your required rate of return is 7 percent, how much this bond worth?
Answer: $880.57
Explanation:
Assuming Par value of bond is $1,000.
Value of bond = (Coupon * Present value interest factor of annuity, no. years, required return) + Par Value/ (1 + required return)^ no. of years
Coupon = 5% * 1,000 = $50
Value of bond = (50 * 5.9713) + 1,000 / (1 + 7%)⁸
= 298.565 + 582
= $880.57
How can you establish rapport during your first meeting with guest ?
Briefly summarize the concept of the division of labour. What does Smith think is good about the division of labour?
Answer:
the division of labor was a way to make laboring the old times more fair in a way
Explanation:
What is the real difference between riding English or riding Western?
Answer:
What’s the difference between Western and English riding?
What’s the difference between Western and English riding? At first glance, the most obvious difference between Western and English riding is the tack, and in particular the saddle, a Western saddle is much bigger and heavier than an English saddle.
"Put the five project management process groupsin order from the one that generally requires theleast work to the one that requires the most."
Unbanked Partner #1
1. I've had terrible customer service at the banks I've been into, so I don't like them and I
don't trust them. I'm certainly not leaving my money with them,
Being unbanked has become an increasingly common situation for many individuals in recent years. An unbanked person is someone who has no financial account with any institution. Individuals may choose to be unbanked for a variety of reasons, including a lack of trust in banks due to poor customer service or a negative experience.
A person may have experienced a bad encounter with a bank employee and choose to leave the bank and seek other banking options. They may also be unable to maintain a minimum balance in their bank account, and banks may impose fees for accounts that fall below a certain amount. It can be inconvenient to have to travel to a bank to withdraw money, especially if the nearest bank is far away. Additionally, the time spent waiting in line at a bank can be tedious, and it can be difficult to fit into a busy schedule.
There are alternatives to traditional banks that may be more convenient and better suit the needs of unbanked individuals. Credit unions, for example, offer similar services as banks but are often smaller and more focused on serving the community. Mobile banking apps have also become increasingly popular, offering services such as depositing checks and transferring money.
The use of prepaid debit cards is another option that allows for the convenience of a card without the need for a traditional bank account. The unbanked may also benefit from budgeting tools and financial literacy resources, which can help them make informed financial decisions and take control of their finances. Overall, being unbanked does not mean that an individual cannot access financial services or manage their money effectively.
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1. Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
(a) None of the homes are owned by Agent Ryan
(b) Ryan discloses to Broker Bradley that he will show homes listed by XYZ Realty
(c) Delia gives verbal consent to see homes listed by XYZ Realty
(d) Delia has given written Intermediary consent
Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
Delia has given written Intermediary consent Delia gives verbal consent to see homes listed by XYZ Realty None of the homes are owned by Agent RyanWhen can homes be shown in the marketDelia gives verbal consent to see homes listed by XYZ Realty: This condition highlights the significance of Delia's consent. If Delia explicitly gives verbal consent to Ryan, it signifies that she is comfortable with viewing homes listed by XYZ Realty. Delia's consent is crucial in allowing Ryan to proceed with showing homes from XYZ Realty.
(d) Delia has given written Intermediary consent: This condition specifically refers to written consent in the form of an intermediary agreement. In some cases, Delia may choose to engage Ryan as an intermediary, authorizing him to show homes listed by multiple brokers, including XYZ Realty.
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What did Apple and other publishers seek to do?
Answer:
they wanted to eliminate prices
Explanation:
hope this helped :)
Answer:
They sought to eliminate price competition on the sale of e-books.
Explanation:Plato
IN TEST PLEASE HELP ! Mia is the owner and CEO of a Singapore-based company that makes and exports electronic goods. Mia plans to enter the Japanese market. She decides to price her products high to get the maximum profits in the shortest possible time. Which pricing strategy is Mia using? A. geographic B. penetration C. product line D. skimming
Answer:
D. skimming
Explanation:
Skimming is the pricing strategy where a company charges the highest price that customers are initially willing to pay and then lowers the price over time. This fits the scenario here, as Mia starts out by pricing her products high. None of the other strategies involve starting out with a high price to turn a short-term profit.
Which of the following statements is true of the international business strategy of licensing?
It allows a firm to enter a foreign market with relatively little risk. The following statements are true of the international business strategy of licensing.
What is business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
An international business of licensing refers that the agreement. That has involved the two firms from different countries, The rights or resources are manufactured in foreign countries. The resources and rights may include patents.
Therefore, The statement is absolutely true. About The international business strategy of licensing.
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Henry spent $550 to make 800 ceramic bowls to sell. What is the $550 he spent called? cost loss revenue profit
COST
LOSS
REVENUE
PROFIT
Answer: Cost.
Explanation:
He spent that money on materials to create a product. That is a cost. If he sold those bowls and $550 is what he made, it is revenue. If he sold the bowls and paid his costs and the new total came out to $550, that is profit. If he priced his bowls too high and spent money on materials that then made him no money, that is a loss of $550 (the total of the materials gone to waste).
1 typewritten reviews of a Business Management, or Marketing
Article of the students choosing that appeared in the required Online
readings, You may also select articles from the New York Times.
The articles due on the assign due date. The News Article Review must
be printed out and attached to the student’s Typewritten review in Pdf.
The review must summarize the article in the student’s own words and
discuss how the subject matter of the News Article Review relates to
topics covered in the course.
THE ARTICLE SHOULD NOT BE
MORE THAN 14 DAYS OLD AND MUST BE RETRIVED FROM A
BUSINESS, OR MARKETING JOURNAL PUBLICATION
Explanation:
Title: "Digital Marketing Strategies for Small Businesses: A Case Study"
Article Source: Harvard Business Review
Summary:
The article "Digital Marketing Strategies for Small Businesses: A Case Study" discusses how small businesses can effectively utilize digital marketing strategies to compete in today's highly competitive business landscape. The case study presented in the article focuses on a small boutique clothing store that implemented various digital marketing tactics to increase their online visibility and drive more sales.
The article highlights the importance of having a strong online presence for small businesses, as consumers increasingly rely on digital channels to discover and purchase products and services. The case study outlines the steps taken by the boutique store, including optimizing their website for search engines, creating engaging social media content, and implementing email marketing campaigns to engage with customers.
The article also emphasizes the need for small businesses to adapt their digital marketing strategies based on changing consumer behaviors and market trends. For example, the boutique store in the case study shifted their focus to social media advertising when they noticed that their target audience was spending more time on social media platforms.
Relation to Course Topics:
The article aligns with several topics covered in the Business Management or Marketing course. It highlights the importance of digital marketing for small businesses and the need to adapt strategies to changing consumer behaviors, which are key concepts in modern marketing. The case study also provides practical examples of how small businesses can implement digital marketing tactics, such as search engine optimization, social media marketing, and email marketing, which are commonly covered in marketing courses.
The article also emphasizes the significance of understanding consumer behavior and market trends, which are important considerations in business management. It underscores the need for small businesses to continually assess and adjust their marketing strategies to remain competitive in the ever-evolving digital landscape.
Overall, the article provides a relevant and practical case study that showcases the application of digital marketing strategies for small businesses, making it a valuable resource for students studying business management or marketing.
Review:
The "Digital Marketing Strategies for Small Businesses: A Case Study" article is a well-written and informative piece that provides practical insights into how small businesses can effectively leverage digital marketing strategies. The case study presented in the article is relevant and relatable, making it easy to understand the challenges faced by small businesses in the digital marketing realm.
The article is concise, yet comprehensive, covering key concepts such as search engine optimization, social media marketing, and email marketing in a clear and understandable manner. The use of a real-life case study adds credibility and practicality to the article, making it more engaging for readers.
The author's writing style is engaging and easy to follow, with a good balance of theoretical concepts and practical examples. The article is well-structured, with clear headings and subheadings that make it easy to navigate and locate specific information.
One potential improvement could be the inclusion of more recent data or statistics to support the author's points and provide additional evidence of the effectiveness of the digital marketing strategies discussed. However, overall, the article is a valuable resource for students studying business management or marketing, as it provides relevant and practical insights into how small businesses can navigate the digital marketing landscape to achieve their business goals.
In conclusion, the "Digital Marketing Strategies for Small Businesses: A Case Study" article is a recommended read for students studying business management or marketing. It offers valuable insights into the challenges and opportunities of digital marketing for small businesses and provides practical examples that can be applied in real-world business settings. The article's alignment with course topics and its clear and engaging writing style make it a useful resource for students looking to deepen their understanding of digital marketing strategies.
Perz, Paul, President $168,000.00
Answer:
wer5432234
Explanation:
Identify the basic internal control guidelines which should be in place to protect a business's cash by selecting the correct answers below.
a. Bills should be paid immediately
b. Handling cash is separate from recordkeeping of cash.
c. Excess cash should be left in the bank to maintain liquidity.
d. Cash payments are made by check.
e. Cash receipts are promptly deposited in a bank
The basic internal control guidelines should be in place to protect a business's cash by selecting the Cash receipts that are promptly deposited in a bank.
When an entity receives money from a consumer, investor, or bank, among other external sources, it records the transaction as a cash receipt. This cash is often recorded when a consumer sends money to reduce the balance of accounts receivable created by a sale transaction.
Businesses can run in a variety of ways, some of which offer goods and services on credit (expecting payment in full later) and others of which demand immediate payment in full upon the sale of an item or service (cash sale). The customer must hand over cash or a check to the company in exchange for the good or service they received, regardless of the form of the sales transaction.
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given quyens timeline below, which of the following events would prevent her from achieving her career goal on time as planned
Missing the deadline for vocational school applications would prevent her from achieving her career goal on time as planned. Since it will delay the process by one year. Therefore, A is the correct option.
What are vocational schools?Vocational schools are educational institutions in a country which either means secondary or post-secondary schools which provide vocational or career-related training which is required in a specific job or career field. This school attempts to make industry-ready professionals which are skilled and trained to perform the tasks of the industry in an efficient manner.
In present times, vocational training along with academic education is one of the most important tasks an individual should pursue. Trained and qualified professionals will work competitively which will in turn give a great output for the industries.
So missing the deadline for vocational school applications would prevent quyens from achieving her career goal of becoming a hairdresser on time. Therefore, A is the correct option.
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3/7 x (-1/2) • MARKING BRAINLIEST TO THE ANSWER WITH AN EXPLANATION ON HOW U GOT THE ANSWER!
Answer : The answer of the given expression is \(\frac{-3}{14}\)
Explanation :
The given expression is: \(\frac{3}{7}\times \frac{-1}{2}\)
As we know that,
When we are multiplying a fraction by a fraction then multiply numerators and multiply denominators like this:
\(\frac{X}{Y}\times \frac{A}{B}=\frac{X\times A}{Y\times B}\)
So, the answer of the given expression will be:
\(\frac{3}{7}\times \frac{-1}{2}\)
By multiplying numerators and multiply denominators, we get:
\(\Rightarrow \frac{3\times (-1)}{7\times 2}\)
\(\Rightarrow \frac{-3}{14}\)
Therefore, the answer of the given expression is \(\frac{-3}{14}\)
One thing a companys misson statement should capture is
One of the pretensions of a company's Mission statement should be to inspire or assure the general public with its passion and vision.
A Mission statement describing an association's charge and client service practices is known as a charge statement. This sometimes incorporates a definition of the association, what it does, and its pretensions.
A brief summary of your company's thing is called a charge statement. You'll notice that the introductory exemplifications of charge statements encompass broad ideals and objects.
An association's statement of purpose ought to obviously characterize your image's provocation, center capability, and objects. To put it another way, it reveals to the world who you are, what you do, why you do it, and how you approach it in a unique way.
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The accompanying graphs illustrate an initial equilibrium for the economy. Suppose that oil prices increase temporarily.
Use the graphs to show the new positions of aggregate demand (AD), short-run aggregate supply (SRAS), and long-run aggregate supply (LRAS) in both the short-run and the long-run, as well as the short-run (ESR) and long-run (ELR) equilibria resulting from this change. Then answer what happens to the price level and GDP.
In response to the temporary increase in oil prices, the short-run equilibrium experiences a higher price level and lower GDP, while the long-run equilibrium sees a higher price level and unchanged GDP.
In the short-run, the AD curve shifts leftward due to the increase in oil prices. This is because higher oil prices increase production costs for firms, leading to reduced consumption and investment spending by households and businesses.
As AD shifts leftward, it intersects with the SRAS curve at a new short-run equilibrium (ESR). At this new equilibrium, the price level increases while GDP decreases compared to the initial equilibrium.
In the long-run, the SRAS curve adjusts to the higher oil prices as firms gradually reduce production and adjust their input costs. This adjustment reflects the fact that higher oil prices affect the overall cost structure of the economy.
As the SRAS curve shifts leftward, it eventually intersects with the LRAS curve at a new long-run equilibrium (ELR). At this equilibrium, the price level is higher than the initial equilibrium due to the higher oil prices. However, GDP returns to its potential level determined by the LRAS curve.
Therefore, in response to the temporary increase in oil prices, both the price level and GDP initially decrease in the short-run but eventually stabilize in the long-run, with a higher price level and unchanged GDP compared to the initial equilibrium.
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Jimmy export copra to Australia for A $5000 when exchange rate IS KI= A$0.50 What is the total revenue earn from the export?
The total revenue earned from export is 10,000KI.
To calculate the total revenue earned from the export, multiply the amount of copra exported by the exchange rate.
Given:
Amount of copra exported = A$5000
Exchange rate: 1 KI = A$0.50
Total revenue = Amount of copra exported * Exchange rate
Total revenue = A$5000 * KI/A$0.50
Simplifying the expression:
Total revenue = A$5000 / (A$0.50/KI)
To divide by a fraction, we can multiply by its reciprocal:
Total revenue = A$5000 * (KI/A$0.50)
Calculating the product:
Total revenue = 5,000 * 2KI
Total revenue = 10,000KI
Therefore, the total revenue earned from the export of copra to Australia is 10,000KI.
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The complete income acquired from trade is 10,000KI. To work out the absolute income acquired from the product, duplicate how much copra traded by the swapping scale.
Exchange includes the exchange of labor and products starting with one individual or substance then onto the next, frequently in return for cash. Financial experts allude to a framework or organization that permits exchange as a market.
An early type of exchange, trade, saw the immediate trade of labor and products for different merchandise and services,[1] for example exchanging things without the utilization of money.
Current income merchants by and large haggle through a mode of trade, like cash. Subsequently, purchasing can be isolated from selling, or acquiring. The innovation of cash (and letter of credit, paper cash, and non-actual cash) incredibly streamlined and advanced exchange.
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Please identify one problems from product markets and explain it solutions in business environment
Answer:
invisibility or stagnation, the solution to stagnation is making sure there is always a challenge in the job, if you choose to accept stagnation then you might turn into the blockbuster and netflix situation, if you want more info on it look up blockbuster and netflix.
Explanation:
In most situations, a small business should keep their business tax records for a minimum of how long
In most situations, a small business should keep their business tax records for a minimum for 3 years. If you don't submit a return, keep records for as long as necessary.
What do you mean by the business tax records?If you file a claim for credit or refund after filing your return, keep records for 3 years from the date of your initial return's filing or 2 years from the day you paid the tax, whichever comes first.
If you submit a claim for a deduction for bad debts or a loss from worthless securities, keep records for seven years.
If you fail to submit income that you should have reported and it represents more than 25% of the gross income listed on your return, keep records for six years.
Therefore, in most situations, a small business should keep their business tax records for a minimum for 3 years. If you don't submit a return, keep records for as long as necessary.
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Price a 2-yr 4% semiannual coupon bond with a par value of $1000 and the yield to maturity (discount rate) is 4.51% per annum.
Round the answer to the nearest 2 decimal points. If your answer is $12.345, enter "12.35" in the answer box.
The price of the 2-year 4% semiannual coupon bond with a par value of $1000 and a yield to maturity of 4.51% per annum is approximately $932.08 (rounded to the nearest 2 decimal points).
To price a 2-year 4% semiannual coupon bond with a par value of $1000 and a yield to maturity of 4.51% per annum, we can use the formula for the present value of a bond. The bond pays semiannual coupons, so we need to calculate the present value of each coupon payment and the present value of the par value at maturity.
Using the given values:
Coupon payment = $20
Yield to maturity = 4.51% per annum
Number of coupon payments per year = 2
Par value = $1000
Number of periods until the coupon payment = 1 (for each semiannual coupon payment)
PV of coupon payment = $20 / (1 + (4.51% / 2))^1 + $20 / (1 + (4.51% / 2))^2
PV of coupon payment = $19.14 + $18.36
PV of coupon payment = $37.50
PV of par value = $1000 / (1 + (4.51% / 2))^4
PV of par value = $894.58
Bond price = PV of coupon payments + PV of par value
Bond price = $37.50 + $894.58
Bond price = $932.08
Therefore, the price of the 2-year 4% semiannual coupon bond with a par value of $1000 and a yield to maturity of 4.51% per annum is approximately $932.08 (rounded to the nearest 2 decimal points).
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ndifference map for goods X and Y plus three budget lines. The consumer's income is $120, and the price of Good Y is $12. Each budget line is based on a different price for Good X.
Part 2
The price of Good X is $12 along budget line , $20 along budget line and $
enter your response here along . (Enter your response as an integer.)
Part 3
The line that goes through points A, B and C is called the
▼
.
Part 4
Based on the slope of the price-consumption curve, goods X and Y are
▼
Economists examine what customers can afford to buy in order to comprehend how households make decisions.
What is Budget Line ?To achieve this, we must map out the consumer's financial restrictions. The quantity of one good is measured on the horizontal axis while the quantity of the other good is measured on the vertical axis when there is a budgetary restriction.
The several combinations of the two commodities that the consumer can afford are displayed by the budget restriction. Think about José's circumstance, as depicted in Figure 6.1a. José enjoys amassing T-shirts and movies.
We now know that José must make a purchase depending on his choices at some point along the budget line. Keep in mind that every location along the budget line is doable.
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One of the most fundamental issues in business law involves the question of when a company can be held liable for the acts of an individual person, whether this involves a contractual obligation or a personal injury (meaning a tort).
A) Choose one of the scenarios below and explain whether or not you think the business is liable for the acts under the principles of agency law.
1. A real estate agent hires a handful of local kids to do the landscaping of homes that he is trying to sell. In addition to the general payment, he reimburses them for the cost of gasoline for lawn mowers and other equipment. While mowing a lawn, one of the kids loses control of a lawn mower and it mows down a neighbors very expensive collection of lawn gnomes.
2. In a hurry to get his apartment complex painted, a homeowner hires three people he meets at the local home improvement store to do the work. Since they’re not professional painters, he provides all of the equipment and paint needed to do the work. While at the apartment complex, one of them breaks into an apartment, assaults the resident and steals a wallet.
3. An entrepreneur decides to open up his own car-for-hire business, and creates an app allowing anyone to connect with people who need a ride. The passengers pay the entrepreneur, who in turn pays a percentage to the driver. Other than the app, the entrepreneur has no other involvement between the driver and the passenger. One night, a driver who is intoxicated picks up a passenger and then gets into an accident, and the passenger is severely injured.
Answer:
Explanation below.
Explanation:
When considering the first illustration it will be discovered that the company involved can be held responsible for the act performed or carried out by the kids.
This is because, the people that were employed to do the work are kids and inexperienced. Under the agency law, the kids in this aspect are not punishable because they are still considered to be under the tutelage of older people.
The company will be held responsible for all the act the kids performed. The company can also be charged for child abuse.
Scenario 1 :
The business is liable for the acts under the principles of agency law :
When considering the first scenario states that it will be discovered that the company involved can be held responsible for the actions performed or carried out by the kids. This is because the people that were employed to do the work are kids and inexperienced. Under the agency law, the kids in this aspect are not punishable because they are still considered to be under the tutelage of older people. The company will be held responsible for all the actions the kids perform. The company can also be charged for child abuse.Know more :
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Match the definition to the term.
1. commute
2. lifestyle
3. lifestyle budget
lists the costs of items you chooseto spend your money on
the way a person chooses to live
commute the distance you travel to
and from work
The correct matching of the term and its definitions are:
commute - the distance you travel to and from work
lifestyle - the way a person chooses to live
lifestyle budget - lists the costs of items you choose to spend your money on.
What is Lifestyle Budget?A lifestyle budget is a budgeting approach that concentrates on allocating money toward the choices, needs, and prioritizations of an individual or household.
This type of budget incorporates expenditures such as amusement, dining at restaurants, pastimes, holidays, clothing, as well as other optional acquisitions into the total monetary scheme. By creating a lifestyle budget, individuals can feasibly manage their money and attain their financial aspirations while still cherishing their preferred lifestyle.
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Based on the available terms and the definition in the option, the right matching includes lifestyle budget = lists the costs of items you choose to spend your money on.
What is the Definition?The definition is a term that is used to describe the statement of meaning of a term or word, or phrase.
Generally, the term Definitions can be classified into two large categories: intensional definitions which aim to give the sense of a term, and extensional definitions which list the objects that a term defines.
Hence, in this case, we have the following words and their meanings:lifestyle budget = lists the costs of items you choose to spend your money on.lifestyle = the way a person chooses to livecommute = commute the distance you travel toand from workTherefore, in this case, it is concluded that each word or phrase has a specific meaning.
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why does a businesss cycle diagram serve as a forecasting model?
ESS Corporation is organized on January 1, 20X1 and is a calendar year-end corporation. It meets all the S corporation requirements and all shareholders consent to an S corporation election. In order to be treated as an S corporation in the current year, ESS must make an election by
Answer:
ESS Corporation
S Corporation:
In order to be treated as an S corporation in the current year, ESS must make an election by March 15 (75 days from January 1, 20X1).
Explanation:
ESS Corporation becomes an S corporation when it has met the requirements to be treated as an S corporation. With an S corporation structure, the corporate income or loss, deductions and credits of ESS corporation are passed through the individual shareholders for federal tax purposes. This means that ESS Corporation does not pay federal income taxes, but the individual partners pay the taxes. This avoids double taxation of the income of the ESS Corporation at the corporate and individual levels. Instead, the tax is levied at the individual level and rates. The company structure of ESS Corporation confers many advantages to her shareholders.
Crimson Tide Music Academy offers lessons in playing a wide range of musical instruments. The unadjusted trial balance as of December 31, 2021, appears below. December 31 is the company's fiscal year-end.
Accounts Debits Credits
Cash $ 10,300
Accounts Receivable 9,500
Supplies 2,000
Prepaid Rent 7,200
Equipment 90,000
Accumulated Depreciation $ 12,000
Accounts Payable 7,700
Salaries Payable 0
Interest Payable 0
Utilities Payable 0
Notes Payable 20,000
Common Stock 45,000
Retained Earnings 19,000
Service Revenue 42,200
Salaries Expense 24,500
Interest Expense 0
Rent Expense 0
Supplies Expense 0
Utilities Expense 2,400
Depreciation Expense 0
Totals $ 145,900 $ 145,900
Information necessary to prepare the year-end adjusting entries appears below.
a. Depreciation of equipment for the year is $6,000.
b. Accrued salaries at year-end should be $2,100.
c. Crimson Tide borrows $20,000 on September 1, 2018. The principal is due to be repaid in four years. Interest is payable each August 31 at an annual rate of 12%.
d. Unused supplies at year-end total $700. Crimson Tide debits Supplies at the time supplies are purchased.
e. Crimson Tide opens a second studio by paying for one year of rent in advance on April 1, 2018, for $7,200 ($600 per month) debiting Prepaid Rent.
f. Unpaid utilities for December total $200.
Required:
1) Enter the unadjusted balances from the trial balance and post the adjusting entries to the T-accounts, and post the closing entries to the T-accounts.
2) prepare an adjusted trial balance.
3a ) prepare an income statement for the year end december 31,2018.
3b) prepare a statement of sharholders equity for the year ended decmber 31,2018.
3c) prepare a classified balance sheet for the year ended december 31, 2018.
4) record the closing entries.
5) prepare a post-closing trial balance.
Answer:
asdasd sadad asd asdas 2 212 313135 54 554 dsa asd sad asa sd
Explanation: