Pearly Gates Inc. has a debt-to-assets ratio of 0.55 which means that B. stockholders' equity is 45% of total assets.
What is debt to assets ?The debt-to-assets proportion may be a monetary proportion that compares a company's add up to obligation to its add up to resources. It measures the rate of a company's resources that are financed by obligation.
A debt-to-assets proportion of 0.55 implies that 55% of the company's resources are financed by obligation, and the remaining 45% are financed by shares (the distinction between add up to resources and total liabilities). Subsequently, alternative B is the proper reply.
Find out more on debt to assets at https://brainly.com/question/15852966
#SPJ1
when a change in accounting principle is reported , what is likely sacrificed?
Answer:
Whenever a change in principles is made by a company, the company must retrospectively apply the change to all prior reporting periods, as if the new principle had always been in place, unless it is impractical to do so. This is known as "restating." Keep in mind that these requirements only impact direct effects, not indirect effects.
Explanation:
have a nice day.
the activity index used in preparing a flexible budget should not influence the variable costs that are being budgeted. (True or False)
False, The activity index used in preparing a flexible budget should influence the variable costs that are being budgeted.
The activity index, which is the measure of the level of activity, affects the variable costs in a flexible budget as they vary with changes in activity. For example, if the activity level increases, the variable costs such as direct materials or direct labor will increase accordingly. Therefore, the activity index is crucial in estimating variable costs in a flexible budget.
As the activity level changes, variable costs are also expected to change proportionately. Therefore, the activity index does influence the variable costs being budgeted in a flexible budget.
To Know more about activity index
https://brainly.com/question/31423370
#SPJ11
Oberon, Inc., has a $40 million (face value) 10-year bond issue selling for 97 percent of par that pays an annual coupon of 8.15 percent. What would be Oberon’s before-tax component cost of debt? (Round your answer to 2 decimal places.) Cost of debt %
Oberon’s before-tax component cost of debt is 8.42%.
To find Oberon's before-tax component cost of debt, we need to calculate the yield to maturity (YTM) of the bond. We have the following information:
Face value of the bond = $40 million
Current selling price = 97% of par
Annual coupon payment = 8.15% of face value
Time to maturity = 10 years
1: Calculate the current bond price.
Current bond price = 0.97 * Face value = 0.97 * $40 million = $38.8 million
2: Calculate the annual coupon payment.
Annual coupon payment = 8.15% * Face value = 0.0815 * $40 million = $3.26 million
3: Use a financial calculator or an online tool to find the YTM.
Input the following values:
Present value (PV) = -$38.8 million (negative sign indicates cash outflow)
Future value (FV) = $40 million
Annual payment (PMT) = $3.26 million
Number of periods (N) = 10 years
Using a financial calculator or an online tool, we find that YTM = 8.42%.
4: Round your answer to 2 decimal places.
Oberon's before-tax component cost of debt = 8.42%
Learn more about Cost of debt:
https://brainly.com/question/31421205
#SPJ11
Monroe buys a new television for $795. She receives consumer surplus of $355 from the purchase. How much does Monroe value her television
Monroe values her television at **$1,150**.
Consumer surplus represents the difference between the price that a consumer is willing to pay for a product and the actual price they pay. In this case, Monroe's consumer surplus is $355, which means she values the television more than the price she paid.
To calculate the value Monroe places on the television, we add the consumer surplus to the purchase price. Therefore, the value she assigns to the television is $795 (purchase price) + $355 (consumer surplus) = $1,150.
This indicates that Monroe values her television at $1,150, which reflects the maximum amount she would be willing to pay for it based on her satisfaction and the surplus she gained from the purchase.
learn more about "television ":- https://brainly.com/question/25556823
#SPJ11
cullumber company has beginning raw material inventory $10,000, ending raw materials inventory $12,600, and raw material purchases $142,800. what is the cost of direct materials used?
To determine the cost of direct materials used by Cullumber Company, you need to consider the beginning raw materials inventory, ending raw materials inventory, and raw material purchases.
The beginning raw materials inventory is the stock of materials at the start of the period, which is $10,000. The ending raw materials inventory is the stock of materials at the end of the period, which is $12,600. Raw material purchases made during the period amount to $142,800.
To calculate the cost of direct materials used, you can use the following formula:
Cost of Direct Materials Used = (Beginning Raw Materials Inventory + Raw Material Purchases) - Ending Raw Materials Inventory
Plugging in the given values, the calculation would be:
Cost of Direct Materials Used = ($10,000 + $142,800) - $12,600
Cost of Direct Materials Used = $152,800 - $12,600
Cost of Direct Materials Used = $140,200
Therefore, the cost of direct materials used by Cullumber Company during the period is $140,200.
For more such questions on, direct materials :
https://brainly.com/question/30573180
#SPJ11
To calculate the cost of direct materials used, we need to subtract the ending raw materials inventory from the sum of beginning raw material inventory and raw material purchases.
This is because the materials used in production are the difference between the raw materials available at the start of the period (beginning inventory) plus any additional raw materials purchased during the period and the raw materials left over at the end of the period (ending inventory).Cost of direct materials used = Beginning raw material inventory + Raw material purchases - Ending raw material inventory
Cost of direct materials used = $10,000 + $142,800 - $12,600
Cost of direct materials used = $140,200
Therefore, Cullumber Company's cost of direct materials used is $140,200.
Learn more about purchases here
https://brainly.com/question/29560034
#SPJ11
Ambiguous receipts written in the receipt book were typically made to (A) Tammy Fisher (B) Robin Shoals (C) Doug Laflin
(D) Pator Lori Coleman
Regarding the question about ambiguous receipts, unfortunately, I cannot provide a definite answer since I do not have any information about the context or the nature It is impossible to determine who the ambiguous receipts were made to without more details.
Ambiguous receipts are transactions that lack clarity or specificity, leaving room for interpretation or confusion. This can happen when a transaction is not recorded properly or when there are discrepancies between what was purchased and what was documented.
Receipt books are commonly used to record sales transactions and serve as proof of payment for both the buyer and seller. They are important for tracking sales, inventory, and revenue, and can be used for accounting and tax purposes.
Regarding the question about ambiguous receipts, unfortunately, I cannot provide a definite answer since I do not have any information about the context or the nature of the transactions. It is impossible to determine who the ambiguous receipts were made to without more details. However, whoever wrote them should have provided more clarity and specificity in the documentation to avoid any confusion or misinterpretation.
To know more about ambiguous receipts visit:
https://brainly.com/question/28274328
#SPJ11
Expensive Coca-Cola television ads primarily are a type of _____.a.informative advertisingb.comparative advertisingc.persuasive advertisingd.reminder advertisinge.institutional advertising
The type of advertising that expensive Coca-Cola television ads primarily fall under is persuasive advertising. Persuasive advertising aims to convince consumers to purchase a particular product or service by appealing to their emotions, desires, and needs. Coca-Cola's television ads often feature heartwarming or humorous stories that evoke positive emotions and associations with the brand. These ads also highlight the unique characteristics of Coca-Cola, such as its taste, refreshing qualities, and iconic branding.
Through persuasive advertising, Coca-Cola seeks to persuade consumers to choose their product over others and build brand loyalty. While some of Coca-Cola's ads may also contain elements of informative or institutional advertising, their primary goal is to persuade consumers to buy their product, making them primarily a type of persuasive advertising.
Coca-Cola's expensive television ads primarily fall under the category of persuasive advertising. These ads are designed to influence consumers' emotions and preferences, encouraging them to purchase the product. They often use storytelling, memorable visuals, and music to create a strong emotional connection with the audience.
To know more about Coca-Cola visit:-
https://brainly.com/question/14602871
#SPJ11
Based on the table, what is the profit-maximizing output for John's Tricycle Company? Output Marginal Total Cost Revenue 5 1,200 7,500 6 1,300 9,000 7 1,400 10,500 8 1,500 12,000 1,600 13,500 A. 8 units B. 6 units OC. 9 units 0.7 units
To determine the profit-maximizing output for John's Tricycle Company, we need to calculate the marginal revenue and compare it to the marginal cost at each level of output.
Based on the information given in the table, the profit-maximizing output is 7 units. To find the marginal revenue, we can observe that the revenue increases by $1,500 as we move from 7 units to 8 units. Therefore, the marginal revenue of producing the 7th unit is $1,500.
To find the marginal cost, we can observe that the cost increases by $100 as we move from 6 units to 7 units. Therefore, the marginal cost of producing the 7th unit is $1,400.
Since the marginal revenue of producing the 7th unit ($1,500) is greater than the marginal cost of producing the 7th unit ($1,400), the company should continue to produce additional units until the marginal revenue equals the marginal cost. However, for any additional unit produced, the marginal cost would exceed the marginal revenue, leading to a decrease in profit. Therefore, the profit-maximizing output for John's Tricycle Company is 7 units.
To learn more about marginal revenue, click here:
https://brainly.com/question/31683012
#SPJ11
Gomez Company reported net income of $55,525 and net sales of $525,000 for the current year. (a) Compute Gomez's profit margin. (b) Assuming Cruz (a competitor) has a profit margin of 15%, which company is generating more profit on each dollar of sales?
Gomez's profit margin is 10.52% and the Cruz Company has a higher profit margin because the profit margin of the of Cruz's is more than the Gomez Company,
(a) Gomez's profit margin can be computed by dividing net income by net sales. In this case, the profit margin for Gomez Company is:
Gomez's profit margin= ($55,525 *100 / $525,000)
which equals approximately 10.52%.
(b) Cruz Company has a higher profit margin of 15% compared to Gomez's 10.52%, meaning Cruz is generating more profit on each dollar of sales.
To further explain, the profit margin is an important financial metric that indicates the percentage of revenue left after accounting for all expenses. It provides insight into how efficiently a company is operating and generating profit relative to its sales. Comparing the profit margins of Gomez Company and Cruz Company, it is evident that Cruz Company is more efficient in generating profit from its sales.
Despite having a lower profit margin, Gomez Company might still have potential for growth or other factors that make it a viable competitor. However, solely based on the profit margin, Cruz Company is currently generating more profit for each dollar of sales compared to Gomez Company.
Know more about profit margin click here:
https://brainly.com/question/27910700
#SPJ11
When the UH Bookstore orders a large shipment of football jerseys just before the big game, this type of inventory is typically called:
A. Cycle Stock
B. Smoothing Inventory
C. Hedge Inventory
D. Anticipation Inventory
E. Transportation Inventory
When the UH Bookstore orders a large shipment of football jerseys just before the big game, this type of inventory is typically called d) anticipation inventory.
Anticipation inventory is held in anticipation of future demand and is ordered in advance of peak demand to ensure that the inventory levels are sufficient to meet customer demand. This type of inventory is typically used to reduce the risk of stockouts and to ensure that there is sufficient inventory available during peak demand periods.
Anticipation inventory is commonly used in industries where demand is seasonal or where there are known peaks in demand, such as retail or sports merchandising. By holding anticipation inventory, companies can ensure that they are able to meet customer demand during these peak periods and avoid the costs associated with stockouts or lost sales.
Overall, anticipation inventory plays an important role in supply chain management, as it allows companies to ensure that they are able to meet customer demand during peak periods while minimizing the risk of stockouts and lost sales.
Therefore, the correct answer is D. Anticipation Inventory
Learn more about supply chain management here: https://brainly.com/question/31538507
#SPJ11
A post-audit involves comparing actual results with forecasted results and is an important step in the capital budgeting process that is sometimes overlooked. Post-audits are generally a waste of time, because it is nearly impossible for actual results to match forecasted results.
While it is true that actual results may not always match forecasted results, post-audits are still an important step in the capital budgeting process. It may be challenging to achieve perfect alignment between actual and forecasted results, post-audits are still an important part of the capital budgeting process.
A post-audit allows companies to evaluate the accuracy of their forecasting methods, identify any errors or biases, and adjust their decision-making processes accordingly. Even if the results are not exactly what was predicted, a post-audit can still provide valuable insights into the performance of a project or investment.
Moreover, post-audits can help companies learn from their mistakes and avoid making similar errors in the future. By analyzing the factors that led to differences between actual and forecasted results, companies can refine their forecasting models and make better-informed decisions in the future.
In addition, post-audits can also help companies evaluate the effectiveness of their management and control systems. By comparing actual results with expected outcomes, companies can identify areas of weakness or inefficiency and take corrective actions.
Overall, while it may be challenging to achieve perfect alignment between actual and forecasted results, post-audits are still an important part of the capital budgeting process. They allow companies to learn from their experiences and improve their decision-making processes, ultimately leading to better business outcomes.
for more such question on post-audits
https://brainly.com/question/24112426
#SPJ11
builtrite common stock just paid a dividend of $3.00, and dividends are expected to grow at a 9 nnual rate. if you require a 12 nnual return, what do you believe is a fair price for builtrite stock?
The fair price of Builtrite common stock, based on the given information, is $100.
To calculate the fair price of Builtrite common stock, we need to use the dividend discount model, which states that the current price of a stock is equal to the sum of all future expected dividend payments, discounted back to their present value using the required rate of return.
Given that the stock just paid a dividend of $3.00, and dividends are expected to grow at a 9% annual rate, we can use the following formula to calculate the fair price of the stock:
P = D / (r - g)
Where P is the fair price of the stock, D is the most recent dividend, r is the required rate of return, and g is the expected dividend growth rate.
Substituting the given values, we get:
P = 3.00 / (0.12 - 0.09) = $100
Therefore, the fair price of Builtrite common stock, is $100. If the current market price of the stock is lower than $100, it may be considered undervalued and may represent a good investment opportunity.
To know more about common stock click here
brainly.com/question/11453024
#SPJ11
Which account was displayed in the Deposit to field for the payment deposited in Step 1 of Practice Exercise 1. 1
Select one:
The checking account is displayed in the Deposit to field for the payment deposited in Step 1 of Practice Exercise
What is the checking account?In accounting, the Deposit to field refers to the specific account where a payment or deposit is recorded. In Step 1 of Practice Exercise 1.1, when making a deposit, the most common account displayed in the Deposit to field would be the checking account.
The checking account is a common type of bank account that businesses use for day-to-day transactions, such as receiving payments and making withdrawals. It serves as a central account where funds are deposited and from which payments are made.
Read more on checking account here:https://brainly.com/question/26181559
#SPJ4
Which account was displayed in the Deposit to field for the payment deposited in Step 1 of Practice Exercise 1.1? Select one:
a. Cash
b. Accounts Receivable
c. Checking
Maintaining ___________ is generally the most reasonable response to claims made by marketers and advertisers.
Maintaining skepticism is generally the most reasonable response to claims made by marketers and advertisers.
In today’s market, companies are constantly vying for our attention and trying to convince us to buy their products or services. Unfortunately, many of these claims are exaggerated, misleading, or outright false. As a result, it is important to take every promise made by a company with a grain of salt and to do our own research before making any decisions.
It is also important to be aware of any potential bias that the company may have in trying to sell its product. For example, a company may be willing to make exaggerated promises or ignore any potential risks associated with their product in order to make it more appealing. It is also wise to be aware of any potential conflicts of interest that a company may have when making a claim.
know more about advertisers here
https://brainly.com/question/16257206#
#SPJ11
1. inamori's companies were successful as a result of his:
Inamori's companies were successful as a result of his leadership skills, strategic planning, and dedication to innovation and quality. He believed in the importance of putting employees first and creating a strong company culture.
Additionally, Inamori emphasized the need for ethical business practices and long-term thinking, which allowed his companies to build a strong reputation and sustainable success. Firstly, Imamura had a strong vision for his companies, which he communicated effectively to his employees. He believed in creating a company culture that valued integrity, hard work, and a focus on customer satisfaction. This vision was instilled in his employees, who shared his values and worked hard to achieve the company's goals. Secondly, Inamori believed in continuous improvement and innovation. He was not afraid to take risks and invest in new technologies and products that could help his companies stay ahead of the competition.
For example, Kyocera Corporation was one of the first companies to develop ceramic products, which became a major source of revenue for the company.
Read more about companies here:https://brainly.com/question/26106218
#SPJ11
Please help
2) Write a ratio in three different forms.
3) Write it in simplest form.
4) Write two equivalent ratios.
5) Explain if in step 4 a proportion forms or not.
6) Use the definition of each (ratio, proportion) to show the difference
a) 2:3
b) 2/3
c) 2 out of 3
To simplify the ratio, we need to find the greatest common divisor (GCD) of the numbers in the ratio and divide both parts by it.The GCD of 2 and 3 is 1, so we divide both parts by 1:
2/1 : 3/1
Simplified ratio: 2:3
Two equivalent ratios can be obtained by multiplying or dividing both parts of the ratio by the same non-zero number.For example:
2:3 is equivalent to:
4:6 (multiplying both parts by 2)
1:1.5 (dividing both parts by 2)
In step 4, a proportion does not form. A proportion is a statement that two ratios are equal. In this case, we are simply finding equivalent ratios by multiplying or dividing both parts of the original ratio.A ratio is a comparison of two quantities, usually expressed as a fraction or using a colon. It represents the relationship or relative size between the two quantities.A proportion, on the other hand, is an equation that states two ratios are equal. It shows the equivalence of two ratios and implies that the same relationship holds true for the corresponding values in each ratio. Proportions are used to solve problems involving ratios and are particularly useful in solving for unknown quantities.
Read more about greatest common divisor at; brainly.com/question/14526360
#SPJ11
On October 31, the stockholders' equity section of Crane Company's balance sheet consists of common stock $552,000 and retained 402,000. Crane is considering the following two courses of action:(1) Declaring a 5% stock dividend on the 92,000 $ 6 par value shares outstanding(2) Effecting a 2-for-1 stock split that will reduce par value to $3 per share.
Both options will have an impact on the equity structure of the company, but neither will increase or decrease the total equity balance.
The stockholders' equity section of a company's balance sheet represents the residual interest of the owners in the assets of the business. In the case of Crane Company, its equity section consists of common stock and retained earnings. The common stock reflects the amount of capital contributed by investors, while retained earnings represent the accumulated profits that the company has kept over time.
Now, the company is considering two courses of action that will impact its equity structure. The first option is to declare a 5% stock dividend on the outstanding shares of $6 par value. This means that shareholders will receive additional shares equivalent to 5% of their current holdings. This move will increase the number of outstanding shares and reduce the earnings per share. However, it will not affect the total equity balance, as it is merely a redistribution of equity among existing shareholders.
The second option is to effect a 2-for-1 stock split that will reduce the par value to $3 per share. This move will double the number of outstanding shares, thereby reducing the price per share. However, it will not affect the total equity balance, as the par value reduction will be offset by the increase in the number of shares.
The decision to declare a stock dividend or effect a stock split will depend on the company's goals and the preferences of its shareholders. Shareholders who prefer a higher dividend yield may opt for the stock dividend, while those who prefer a lower share price may prefer the stock split. However, the company should ensure that any move it makes is aligned with its long-term strategy and does not compromise its financial health.
To know more about equity visit:
https://brainly.com/question/31518525
#SPJ11
Demands for a newly developed salad bar at the Great Professional restaurant for the first six months of this year are shown in the following table. What is the forecast for July if the 3-month weighted moving - average method is used? (Use weights of 0.5 for the most recent demand, 0.3, and 0.2 for the oldest demand.)
The forecast for July if, the 3-month weighted moving-average method is used is 64.
To calculate the forecast for July using the 3-month weighted moving-average method, we need to take the weighted average of the demands for April, May, and June.
Using the given weights of 0.5 for June, 0.3 for May, and 0.2 for April, we can calculate the weighted average as follows:
July forecast = (0.5 x June demand) + (0.3 x May demand) + (0.2 x April demand)
July forecast = (0.5 x 70) + (0.3 x 60) + (0.2 x 55)
July forecast = 35 + 18 + 11
July forecast = 64
Therefore, the forecast for July using the 3-month weighted moving-average method is 64.
Learn more about weighted moving average here: https://brainly.com/question/28495879
#SPJ11
What were 2 common factors in both the Therac-25 case and the space shuttle disaster.What does design for failure mean?
The Therac-25 case and the space shuttle disaster share two common factors: design flaws and inadequate safety protocols.
In both cases, the design of the technology failed to account for potential errors and their consequences, resulting in tragic outcomes. In the case of the Therac-25, a programming error caused radiation overdoses in patients, while in the space shuttle disaster, a faulty O-ring caused a catastrophic explosion.
Design for failure is a concept that acknowledges that failure is inevitable and seeks to minimize its impact through proactive measures. It involves designing systems and products with redundancy, fail-safes, and other measures to ensure that they can withstand and recover from failures. This approach can help prevent disasters like the ones in the Therac-25 case and the space shuttle disaster. By anticipating potential failures and designing systems to account for them, we can reduce the likelihood of catastrophic outcomes and improve safety overall.
To know more about Disasters visit :
https://brainly.com/question/30515331
#SPJ11
guerilla radio broadcasting has a project available with the following cash flows : year cash flow 0 −$ 15,900 1 6,500 2 7,800 3 4,300 4 3,900
The payback period for Guerilla Radio Broadcasting's project is 3 years. Since the cumulative cash inflows exceed the initial investment at year 3, the payback period is 3 years.
The payback period is a capital budgeting technique that measures the time it takes for the cash inflows of a project to recover its initial investment. To calculate the payback period, we need to determine the number of years it takes for the cumulative cash inflows to equal or exceed the initial investment.
In this case, the initial investment is -$15,900, which represents the cash outflow at year 0. We can calculate the cumulative cash inflows by adding the cash flows for each year, starting from year 1, until we reach or exceed the initial investment.
Year 1: $6,500
Year 2: $6,500 + $7,800 = $14,300
Year 3: $14,300 + $4,300 = $18,600
Since the cumulative cash inflows exceed the initial investment at year 3, the payback period is 3 years. This means that it will take 3 years for the project to recover its initial investment.
In summary, the payback period for Guerilla Radio Broadcasting's project is 3 years.
To know more about payback period refer here:
https://brainly.com/question/28304736#
#SPJ11
Complete Question:
Guerilla Radio Broadcasting has a project available with the following cash flows :
Year - Cash Flow
0 −$15,900
1 - 6,500
2 - 7,800
3 - 4,300
4 - 3,900
What is the payback period?
TRUE/FALSE.The higher the node number, the longer the activity will take.
FALSE. The node number is simply an identification number for each activity in a network diagram and does not indicate the duration or length of the activity. The duration of an activity is determined by its estimated time and resources needed to complete the task.
In general, the statement that the higher the node number, the longer the activity will take is not universally true. The duration of an activity depends on various factors, including its complexity, dependencies on other activities, available resources, and efficiency of execution.Node numbers are typically associated with activities in project management or scheduling diagrams, such as the precedence diagram method (PDM) or the program evaluation and review technique (PERT). In these diagrams, nodes represent specific activities, and the relationships between nodes indicate the dependencies between activities.While it is possible that activities with higher node numbers may take longer in some cases, it is not a direct correlation. The duration of an activity is determined by its inherent characteristics and constraints. For example, an activity with a lower node number may have complex requirements or dependencies, causing it to take longer than an activity with a higher node number that has simpler requirements.
It's important to analyze the specific details of each activity, including its scope, resources, and dependencies, to determine its estimated duration accurately. Simply relying on the node number in a diagram would not provide an accurate measure of the activity's duration
Learn more about node number click here
brainly.in/question/13143698
#SPJ11
C3-1 Analyzing, Recording, and Posting, and Preparing and Evaluating Financial Statements (Chapters 1-3) [LO 3-2, LO 3-3, LO 3-4, LO 3-5]
[The following information applies to the questions displayed below.]
Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $13. At the start of January 2015, VGC’s income statement accounts had zero balances and its balance sheet account balances were as follows:
Cash $ 2,230,000 Accounts Receivable 211,000 Supplies 16,700 Equipment 928,000 Land 1,630,000 Building 425,000 Accounts Payable 134,000 Unearned Revenue 132,000 Notes Payable (due 2018) 123,000 Common Stock 2,900,000 Retained Earnings 2,151,700 In addition to the above accounts, VGC’s chart of accounts includes the following: Service Revenue, Salaries and Wages Expense, Advertising Expense, and Utilities Expense.
[3. Create T-accounts, enter the beginning balances shown above, post the journal entries to the T-accounts, and show the unadjusted ending balances in the T-accounts.]
***EDIT*** HERE ARE THE TRANSACTIONS...
1.
Record the receipt of $71,750 cash from customers for subscriptions that had already been earned in 2014.
2.
Record the receipt of $220,000 cash from Electronic Arts, Inc. for service earned in the month of January.
3.
Record the purchase of 10 new computer servers for $40,800; paid $15,600 as cash and signed a three year note for the remainder owed.
4.
Record the payment of $15,100 for an Internet advertisement run on Yahoo! in January.
5.
Record the sale of 13,800 monthly subscriptions at $13 each for services provided during January. Half was collected in cash and half was sold on account.
6.
Record the receipt of an electric and gas utility bill for $5,750 for January utility services. The bill will be paid in February.
7.
Record the payment of $370,000 in wages to employees for work done in January.
8.
Record the purchase $4,500 of supplies on account.
9.
Record the payment of $4,500 cash to the supplier in (h).
In terms of analyzing, recording, and posting transactions, it is important to understand the basics of accounting and the different accounts that are used. The entry would be a debit to supplies and a credit to accounts payable.
To prepare financial statements, it is necessary to record all transactions accurately and in a timely manner. Once all transactions have been recorded, the financial statements can be prepared. In terms of evaluating financial statements, this involves analyzing the financial statements to understand the financial health of a company. This can include analyzing the income statement to determine if the company is profitable, or analyzing the balance sheet to understand the company's assets and liabilities.
Now, to answer the specific question at hand:
To record the purchase of $4,500 of supplies on account, the entry would be:
Debit: Supplies - $4,500
Credit: Accounts Payable - $4,500
To record the payment of $4,500 cash to the supplier, the entry would be:
Debit: Accounts Payable - $4,500
Credit: Cash - $4,500
These entries would ensure that the transactions are recorded accurately and in accordance with generally accepted accounting principles.
For more such questions on transactions
https://brainly.com/question/1016861
#SPJ11
At the end of the television ad for a kitchen knife set, the viewer is asked to order the knives by midnight to receive half off. What is this commercial an example of? cable tv a streaming service satellite television DVR direct-response TV
This commercial is an example of direct-response TV. Direct-response TV is a type of advertising strategy that encourages viewers to respond directly to an advertisement by taking action, such as making a purchase or signing up for a service.
In this commercial, the viewer is asked to order the kitchen knife set by midnight to receive half off. This type of ad creates a sense of urgency, as it encourages the viewer to take action in order to take advantage of the special offer.
The ad also typically includes a toll-free number or website address where the viewer can get more information or place an order. Direct-response TV is a powerful advertising tool that can be used to generate sales and increase brand awareness.
know more about advertising strategy here
https://brainly.com/question/12943298#
#SPJ11
Consider two identical bonds issued by a company, expect that bond A is callable and bond B is not. Which bond has a higher YTM? Bond A Bond B Impossible to say
Bond A, which is callable, may have a higher yield to maturity (YTM) compared to bond B, which is not callable. This is because the issuer of bond A has the option to call back the bond before its maturity date, which means that investors may receive their principal back earlier than expected and may miss out on potential interest payments. In order to compensate for this risk, bond A may offer a higher YTM.
It ultimately depends on various factors such as the specific terms and conditions of the bonds, the prevailing market conditions, and the creditworthiness of the issuer. For example, if interest rates have fallen since the issuance of the bonds, the issuer may be more likely to call back bond A and issue new bonds with a lower coupon rate, which would lower the YTM for investors. On the other hand, if the issuer's creditworthiness has deteriorated, bond A may have a lower YTM to reflect the increased risk of default. Therefore, without more information, it is impossible to definitively say which bond has a higher YTM.
Learn more about yield to maturity (YTM): https://brainly.com/question/30762654
#SPJ11
Using a contribution margin format income statement to measure the magnitude of operating leverage Nagano Company, a merchandising firm, reported the following operating results: Income Statements Sales revenue (2,400 units × $100) Cost of goods sold (2,400 units × $65) Gross margin Sales commissions (10% of sales revenue) Administrative salaries expense Advertising expense Depreciation expense Shipping and handling expense (2,400 units × $1) Net income 240,000 (156,000 84,000 (24,000) 15,000 (20,000) (10,600) (2,400) $ 12,000 Required a. Reconstruct the income statement using the contribution margin format. b. Calculate the magnitude of operating leverage. e. Use the measure of operating leverage to determine the amount of net income that Nagano will earn if sales revenue increases by 10 percent.
If sales revenue increases by 10%, Nagano will earn an additional $4,800 in net income.
a. Reconstructed income statement using the contribution margin format:
Sales revenue (2,400 units × $100) $240,000
Variable expenses:
Cost of goods sold (2,400 units × $65) $156,000
Sales commissions (10% of sales revenue) $24,000
Shipping and handling expense (2,400 units × $1) $2,400
Contribution margin $57,600
Fixed expenses:
Administrative salaries expense $15,000
Advertising expense $20,000
Depreciation expense $10,600
Net income $12,000
b. Magnitude of operating leverage is calculated by dividing contribution margin by net income. In this case, the contribution margin is $57,600 and the net income is $12,000, so the magnitude of operating leverage is $57,600 / $12,000 = 4.8.
c. To determine the amount of net income that Nagano will earn if sales revenue increases by 10 percent, we can use the formula:
ΔNet income = Magnitude of operating leverage × ΔSales revenue / Total revenue.
In this case, ΔSales revenue is 10% of $240,000, which is $24,000, and Total revenue is $240,000.
So, ΔNet income = 4.8 × $24,000 / $240,000 = $4,800. Therefore, if sales revenue increases by 10%, Nagano will earn an additional $4,800 in net income.
To know more about net income, refer here:
https://brainly.com/question/28390284#
#SPJ11
A set of average city temperatures in December are normally distributed with a mean of 16. 3ºC and a standard deviation of 2ºC.
What proportion of temperatures are between 16ºC and 18ºC?
To find the proportion of temperatures between 16ºC and 18ºC, we need to calculate the z-scores for these values and then use the standard normal distribution table.
The z-score formula is given by:
z = (x - μ) / σ
Where x is the temperature, μ is the mean, and σ is the standard deviation.
For 16ºC:
z = (16 - 16.3) / 2 = -0.15
For 18ºC:
z = (18 - 16.3) / 2 = 0.85
Now, we can use the standard normal distribution table or a calculator to find the proportion between these z-scores.
Looking up the z-scores in the standard normal distribution table, we find that the area to the left of -0.15 is 0.4432 and the area to the left of 0.85 is 0.8023.
To find the proportion between these two values, we subtract the smaller area from the larger area:
Proportion = 0.8023 - 0.4432 = 0.3591
Therefore, approximately 35.91% of temperatures are between 16ºC and 18ºC.
Here you can learn more about standard normal distribution
brainly.com/question/29509087#
#SPJ11
Jill owns her own business and is looking for a financial institution to loan her money to expand her business to an additional location. Which financial institution is focused on helping businesses expand?.
A financial institution that is focused on helping businesses expand is typically a commercial bank.
Commercial banks offer various financial services and products tailored to the needs of businesses, including loans for expansion, working capital, equipment financing, and more.
They have specialized departments and teams dedicated to assisting businesses with their financial needs and providing guidance throughout the expansion process. Other financial institutions, such as credit unions or specialized business lenders, may also offer business expansion loans, but commercial banks are generally the primary institutions that businesses approach for financing their growth and expansion plans.
Visit here to learn more about financial institution brainly.com/question/29641948
#SPJ11
Which of the following is the first step an attacker must perform to conduct a successful session hijacking?
1.Insert himself/herself between Party A and Party B.
2.Analyze and predict the sequence number of the packets.
3.Sever the connection between the two parties.
4.Seize control of the session.
The first step an attacker must perform to conduct a successful session hijacking is to insert himself/herself between Party A and Party B.
This can be done through various methods, such as ARP spoofing or DNS spoofing, to redirect the traffic to the attacker's machine. Once the attacker is in the middle, they can then begin to analyze and predict the sequence number of the packets, which is the second step in the process. This allows the attacker to seize control of the session by injecting their own packets into the communication stream or by modifying existing packets. Finally, the attacker may sever the connection between the two parties to prevent them from realizing the hijacking is taking place. Therefore, the correct answer to the question is 1.
To learn more about session, visit:
https://brainly.com/question/29509723
#SPJ11
Products that are distinctive in physical aspects, location, intangible aspects and perceptions in the eyes of the consumer are called products. Select the correct answer below: O homogeneous differentiated O monopolistic O identical
The correct answer to the question is differentiated products. Differentiated products are those that have unique and distinctive features that set them apart from other similar products in the market, hence option B) is correct.
The correct answer to the question is differentiated products. Differentiated products are those that have unique and distinctive features that set them apart from other similar products in the market. These features could be physical, such as the design, color, size, and shape of the product, or they could be intangible, such as the brand image, reputation, and perceived value of the product. Differentiated products are often created to cater to the diverse needs and preferences of consumers. By offering products that are unique and distinctive, businesses can attract and retain customers who are looking for something specific or special. Moreover, differentiated products can help businesses create a competitive advantage by making it difficult for other businesses to imitate or replicate their products. In contrast, homogeneous or identical products are those that are considered identical or nearly identical by consumers. These products are often sold in a perfect competition market, where businesses have little or no control over the price of the product and must compete based on other factors, such as quality, service, and availability. Monopolistic products, on the other hand, refer to products that are sold by a single supplier or producer with no close substitutes. Monopolies often have a significant market power and can set their prices and output levels without much competition. However, monopolistic products are rare in a competitive market and are often regulated by the government to prevent market abuses. In conclusion, differentiated products are those that are distinctive in physical aspects, location, intangible aspects, and perceptions in the eyes of the consumer. These products offer businesses a competitive advantage and cater to the diverse needs and preferences of consumers. Therefore option B) is correct
For more such questions on market
https://brainly.com/question/25309906
#SPJ11
true or false firms in the same industry will have the same inventory turns.
False, firms in the same industry may have different inventory turns due to various factors such as differences in production efficiency, sales volume, and supply chain management.
Inventory turns, also known as inventory turnover, is a financial ratio that measures the number of times a company sells and replaces its inventory within a certain period. A high inventory turnover ratio indicates that a company is selling its inventory quickly and efficiently.
In the same industry, two firms may have different inventory turnover ratios due to differences in their production processes. For example, a company that uses a just-in-time inventory system may have a higher inventory turnover ratio than a company that uses a traditional inventory management system.
Supply chain management can also affect inventory turns. For example, a company that has strong relationships with its suppliers and can quickly restock its inventory may have a higher inventory turnover ratio than a company that experiences frequent supply chain disruptions.
Therefore, firms in the same industry may have different inventory turns due to various factors that impact their production efficiency, sales volume, and supply chain management.
To know more aboutfirms refer here
https://brainly.com/question/29482295#
#SPJ11