Analyzing the accounting equation at the end of the month will reveal the following. Select all that apply. Multiple select question. revenues and expenses will change the equity account assets and liabilities will be reported on the income statement assets
The accounting equation should be analyzed at the closing of the month at the time when the revenues and expenses should vary equity account.
The following information should be considered:
The accounting equation is the assets that are equivalent to the liabilities & equity, and the same should be shown in the balance sheet.The assets & liabilities do not show on the income statement.The revenues & expenses should vary equity account as the difference between the revenue and expense should be added or subtracted to the equity account. It means if the revenue is more than the expense, so it is an income, and the same should be added to the equity account, and vice versa.The increment & decrement of the cash should be shown under the cash flow statement.Therefore we can conclude that The accounting equation should be analyzed at the closing of the month at the time when the revenues and expenses should vary equity account.
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Attending classes is a faster and more efficient method of learning new skills as compared to electronic performance support systems (EPSSs).
a. True
b. False
Answer:
b.False
Explanation:
It is not scientifically proven because both can do depending on your work ethic
On Jan. 2, Callie Company purchased $300 worth of supplies. She paid $100 immediately, but put the rest on account. The journal entry to record this transaction in Callie Company's books would include : ____________
Answer:is 200
Explanation:200 because 300-100=200
When deciding what price to charge customers, a firm may choose to charge different prices based on customers:________
a. Age
b. llingness to pay
c. Location
d. All of the above
Answer:
I would say d
Explanation:
it depends on what services are being exchanged and how easy or difficult it is
If the ending inventory is overstated by 100 the net income will be
This periods end assets to be overstated
what were the activities of the apostles
Answer:
spending the gospel to none jews
Answer:
They could testify to his being God's son, working of miracles and teaching, his dying on the cross, his resurrection to a new creation body, his ascension into heaven, and his sending of the Holy Spirit.
Scenario: 500 units of a product are being manufactured and the question to be answered is whether or not to perform a particular test on those units before shipping. The test costs $10,000 per unit to perform. The cost not to perform the test is $0 per unit, but if a unit fails in the field then it will have to be fixed in the field, which has a cost of $350,000 per unit.
If the units are tested, for the units that pass the test, there is now an additional cost of re-readying the units for delivery of $2,000 per unit. For the units that fail the test, there is now an additional cost of $21,000 to fix the units, as well as the $2,000 per unit cost of re-readying them for delivery, for a $23,000 total cost per unit.
Historically you know and can count on the fact that 96% of your products will pass the testing. The same pass/fail rate for testing applies to the pass/fail rate observed in the field.
To fully complete this assignment, you need to answer or perform the following:
The math and resulting values you are expected to fill in to show the completion of the decision tree.
Be sure to fill in the last two values: what is the Expected Monetary Value for both performing the test and not performing the test?
Which choice should be made? Be sure to include with your submission an answer to whether the test should be performed or not, and give a short answer why.
Answer:
7000
Explanation:
The better choice is to not perform the test. This decision is based on the higher expected monetary value, indicating that not performing the test is more financially favorable in this scenario.
How did we arrive at this assertion?To make an informed decision, we'll calculate the Expected Monetary Value (EMV) for both performing the test and not performing the test.
For performing the test:
EMV = (Probability of passing * (Revenue - Test Cost)) + (Probability of failing * (Revenue - Test Cost - Fixing Cost - Re-readying Cost))
EMV = (0.96 * ($350,000 - $10,000)) + (0.04 * (-$350,000 + $23,000))
For not performing the test:
EMV = (Probability of passing in field * Revenue) + (Probability of failing in field * Fixing Cost)
EMV = (0.96 * $350,000) + (0.04 * $350,000)
Now we'll calculate the values:
EMV for performing the test = (0.96 * $340,000) + (0.04 * -$327,000) = $326,400
EMV for not performing the test = (0.96 * $350,000) + (0.04 * $350,000) = $350,000
Based on the calculations, the EMV for not performing the test is higher ($350,000) than performing the test ($326,400).
Therefore, the better choice is to not perform the test. This decision is based on the higher expected monetary value, indicating that not performing the test is more financially favorable in this scenario.
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Pastina Company sells various types of pasta to grocery chains as private label brands. The company's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below.
Information necessary to prepare the year-end adjusting entries appears below.
Depreciation on the office equipment for the year is $11,200.
Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2021, were $1,350.
On October 1, 2021, Pastina borrowed $52,400 from a local bank and signed a note. The note requires interest to be paid annually on September 30 at 12%. The principal is due in 10 years.
On March 1, 2021, the company lent a supplier $22,400 and a note was signed requiring principal and interest at 8% to be paid on February 28, 2022.
On April 1, 2021, the company paid an insurance company $8,400 for a one-year fire insurance policy. The entire $8,400 was debited to prepaid insurance.
$830 of supplies remained on hand at December 31, 2021.
A customer paid Pastina $3,200 in December for 1,350 pounds of spaghetti to be delivered in January 2022. Pastina credited deferred sales revenue.
On December 1, 2021, $2,200 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022 at $1,100 per month. The entire amount was debited to prepaid rent.
1. & 2. Post the unadjusted balances and adjusting entires into the appropriate t-accounts. (Enter the number of the adjusting entry in the column next to the amount. Do not round intermediate calculations. Round your final answers to nearest whole dollar.)
The unadjusted balances and adjusting entries are posted into the appropriate t-accounts of Pastina Company on December 31, 2021 as shown below.
T-Ledger accounts:
1. Debit Depreciation Expense $11,200
Credit Accumulated Depreciation on Office Equipment $11,200
2. Debit Salaries Expense $1,350
Credit Salaries Payable $1,350
3. Debit Interest Expense $1,572
Credit Interest Payable $1,572 ($52,400 x 12% x 3/12)
4. Debit Interest Receivable $1,493
Credit Interest Income $1,493 ($22,400 x 8% x 10/12)
5. Debit Insurance Expense $6,300
Credit Prepaid Insurance $6,300 ($8,400 x 9/12)
6. Debit Supplies Expense $1,470
Credit Supplies $1,470 ($2,300 - $830)
7. No adjustment required
8. Debit Rent Expense $1,100
Credit Prepaid Rent $1,100
Data and Analysis:
1. Depreciation Expense $11,200 Accumulated Depreciation on Office Equipment $11,200
2. Salaries Expense $1,350 Salaries Payable $1,350
3. Interest Expense $1,572 Interest Payable $1,572 ($52,400 x 12% x 3/12)
4. Interest Receivable $1,493 Interest Income $1,493 ($22,400 x 8% x 10/12)
5. Insurance Expense $6,300 Prepaid Insurance $6,300 ($8,400 x 9/12)
6. Supplies Expense $1,470 Supplies $1,470 ($2,300 - $830)
7. No adjustment required
8. Rent Expense $1,100 Prepaid Rent $1,100
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An employee that has unpaid bills might exhibit the following fraud factor: __________a. Rationalization b. Pressure c. Opportunity
Answer:
Option B, Pressure is a fraud factor that an employee has a unpaid bills.
Explanation:
Fraud risk factors are factors or situations that:
represents rationalizations or behavior to justify a fraudulent activity; represents a pressure to perpetrate fraud; or produce an opportunity to commit fraud.Therefore, Option b. Pressure is the correct answer.
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https://brainly.com/question/19272916how the looting of shops and malls will affect business in terms of the relationship between social responsibility and triple bottom line
The looting of shops and malls will affect business in terms of social and triple bottom line relationship.
Triple bottom line is a business concept in which businesses focus and look for the impact on social and environment by their business activities.
If a shop or mall is looted it will have great impact on environment and social relationship.
The businessmen will feel insecure in the state and will be afraid of investing more money into business.
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Comment benefits of Tourism in 2010 based on households, government and business infrastructure
Answer:
Explanation:
n the global economy, tourism is one of the most noticeable and growing sectors. This sector plays an important role in boosting a nation’s economy. An increase in tourism flow can bring positive economic outcomes to the nations, especially in gross domestic product (GDP) and employment opportunities. In South Asian countries, the tourism industry is an engine of economic development and GDP growth. This study investigates the impact of tourism on Pakistan’s economic growth and employment. The period under study was from 1990 to 2015. To check whether the variables under study were stationary, augmented Dickey–Fuller and Phillips–Perron unit root tests were applied. A regression technique and Johansen cointegration approach were employed for the analysis of data. The key finding of this study shows that there is a positive and significant impact of tourism on Pakistan’s economic growth as well as employment sector and there is also a long-run relationship among the variables under study. This study suggests that legislators should focus on the policies with special emphasis on the promotion of tourism due to its great potential throughout the country. Policy implications of this recent study and future research suggestions are also mentioned.
procedure codes can be found in the
A- office manual
B-CDT published by the American Dental Association (ADA)
C- OSHA manual
D- Americans with Disabilities Act regulations
The mass of the eggs laid by a certain breed of hen is normally distributed random variable with mean 0.06kg and standard deviation 0.009kg. if a random sample of 1800 eggs are sold, how many would you expect to have mass
i. less than 0.052kg
ii. between 0.052 and 0.075kg)
III greater than 0.075
The correct answer by the standard deviation would be as follow:
i. less than 0.052kg - 288 eggs
ii. between 0.052 and 0.075kg) - 1476 eggs
III greater than 0.075 - 36 eggs
Given:
number of the samples, n = 1800 eggs
the mean of the distribution, m = 0.06 kg
standard deviation, d = 0.009 kg
(i) less than 0.052 kg (standard size):
1 standard deviation below the mean = m - d
m - d = 0.06 kg - 0.009 kg = 0.051 kg
(the standard size is 1 standard deviation below the mean)
less than 1 standard deviation below the mean in a normal distribution is = 16% of the given samples
Number of standard size = 0.16 x 1800
= 288 eggs
(ii) Between 0.052 kg and 0.075kg (medium size):
0.052 kg is 1 standard deviation below the mean
2 standard deviations above the mean:
> m + 2d
> m + 2d
> 0.06 + 2(0.009)
= 0.078 kg
Between 1 standard deviation below the mean and 2 standard deviation above the mean in a normal distribution
= (68 + 14)%
= 82%
Number of medium size = 0.82 x 1800
= 1,476 eggs
(iii) Greater than 0.075 kg (large size):
0.078 kg is 2 standard deviations below the mean
greater than 2 standard deviation above the mean in a normal distribution = 2 % of the number of given samples
Number of large size = 0.02 x 1800
= 36 eggs
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provincial government
Answer:
Provincial Government means, anything done before the commencement of the Constitution, the authority or person authorized at the relevant date or administer executive government in the Province in question.
Example:
Canada has 10 provinces, making it a provincial government form.
Some people argue that air is not an economic good. Explain why you agree or
disagree with this statement.
Answer:
Answer:I agree with this statement to a certain degree as air cannot be brought and sold it’s the only thing that can’t be taken physically from someone even if you are poor or don’t own much money u are a blé to breath without the need to think of expenses
Explanation:
Which of the following is true regarding the unrestricted use of new technologies and the most compelling reason for prudent and ethical assessment of its consequences?
a. Immediate advantages should outweigh long-term side effects of technology.
b. Technological innovation is considered neutral and value-free.
c. Many well-meaning technologies have inadvertently produced unforeseen harm.
d. Artificial control of nature will result in producing oppressive control over others.
For non-restricted use of new technologies & for prudent & ethical analysis of its result represent that many technologies should be inadvertently generated unexpected harm.
The following information should not be relevant:
The instant advantage does not outweigh the technology side effects for the long term.Technological innovation should not be relevant as neutral & value-free.Nature control should not result in generating control over the others.As various new technologies are being adopted by an individual & company but it should result in harm later on.
So it has become important for carrying out the assessment in advance.
Therefore we can conclude that For non-restricted use of new technologies & for prudent & ethical analysis of its result represent that many technologies should be inadvertently generated unexpected harm.
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Suppose you are planning for retirement in a two-period world. In the first period you are young and earn $1 million, and in the second period you are old and retired and earn nothing. The interest rate is initially 10 percent, but then it falls to 7 percent. After the interest rate falls, the:
a. income effect will induce you to consume more when you are young.
b. substitution effect will induce you to consume less when you are young.
c. change in interest rates affects the substitution effect but not the income effect.
d. substitution effect will induce you to consume more when you are young.
Explanation:
i think "A" should be the answer tho I'm not pretty sure about it
what are the two factors of commerce
Answer:
Regulation of product pricing. It's natural for customers to compare prices between brands. ...
Maintaining high quality products. ...
Improving store accessibility. ...
Making a wonderful first impression. ...
Securing your shipments. ...
Taking advantage of m-commerce.
Past behavior of demand is indicative of its future behavior, therefore past demand data can be used to construct demand forecasts. This statement is the underlying principle of the ______ method.
This statement is the underlying principle of the __time series analysis___ method.
Time series analysis method is a statistical technique that is often employed to determine how a variable changes over a series of time.
Time series analysis has been used in sciences, economics, and mathematics to determine changes of a given data variable over time and in relation to other variables in the same time period.
The wide application of the time series analysis method in various fields is dictated by the need to construct forecasts and make predictions, that is, using past realities to guess future realities.
Thus, this statement that the underlying principle of time series analysis method is based on the fact that past behavior of demand is indicative of its future behavior is widely accepted.
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Diamond really likes to shop at Lands' End because of the stylish designs and the many choices. Whether it's a T-shirt, slacks, or swimwear, Diamond always finds something she likes in the right size and in the right color. Which factor is considered the most critical in determining where customers like Diamond choose to shop
Sanjay, the new HR Manager at Charlemagne Tools Inc., examines the application form that the company has been using for the last two years. According to the guidelines set by the Equal Employment Opportunity Commission and various court decisions, which of the following is an illegal question on the application form?
a. Will you be able to relocate for the job
b. Can you perform the duties of the job with reasonable accommodation
c. What is your main area of work expertise
d. Whom should we contact in case of emergency
Can you perform the duties of the job with reasonable accommodation of the following is an illegal question on the application form. Thus, option (b) is correct.
What is job?The term “job” refers to being employed by a particular company. The job creates an opportunity to build a career. A job provides financial support and allows you to gain experience. There are producers, builders, thinkers, and improvers.
Hr manager at the company of Charlemagne Tools Inc., are the main work to the hiring the candidate for the job. The application form are the question was the asked to execute the works of the job with sensible accommodation.
As a result, they perform the duties of the job with reasonable accommodation. Therefore, option (b) is correct.
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what is the most employment intensive sector of the economy
A decision strategy is a sequence of decisions and chance outcomes, where the decisions chosen depend on the yet to be determined outcomes of chance events.
a. True
b. False
Answer:
false is the correct answer
Which function is responsible for understanding customer needs and aligning products and services to meet those needs
Answer:
Marketing
Explanation:
Marketing is responsible for communicating with customers about products, explaining who is offering them and why they are desirable. Marketing is also responsible for listening to customers and communicating back to the provider about how well they are satisfying customer needs and opportunities for improvement.
Given the following information concerning a convertible bond:
Principal $1,000
Coupon 5%
Maturity 15 years
Call price $1,050
Conversion price $37 (i.e., 27 shares)
Market price of the common stock $32
Market price of the bond $1,040
a) What is the current yield of this bond?
b) What is the value of the bond based on the market price of the common stock?
c) What is the value of the common stock based on the market price of the bond?
d) What is the premium in terms of stock that the investor pays when he or she purchases the convertible bond instead of the stock?
e) Nonconvertible bonds are selling with a yield to maturity of 7 percent. If this bond lacked the conversion feature, what would the approximate price of the bond be?
f) What is the premium in terms of debt that the investor pays when he or she purchases the convertible bond instead of a nonconvertible bond?
g) If the price of the common stock should double, would the price of the convertible bond double? Briefly explain your answer.
h) If the price of the common stock should decline by 50 percent, would the price of the convertible bond decline by the same percentage? Briefly explain your answer.
i) What is the probability that the corporation will call this bond?
j) Why are investors willing to pay the premiums mentioned in parts (d) and (f)?
Answer:
I hacemos idea hello ilegalmente
Beatrice invests $1,330 in an account that pays 3 percent simple interest. How much more could she have earned over a 4-year period if the interest had been compounded annually
Answer:
7.3$
Explanation:
Simple interest=1330*3%*4
159.6+1330=1489.6
compound interest
1496.93
therefore minus both answers and you will get the difference
THREE reasons except politics for the looting of shops,malls and the destruction of business property in GAUTENG and KwaZulu Natal
Answer:
poverty,lack of AQ,others do it for fun
In its proposed 2020 income statement, Hrabik Corporation reports income before income taxes $493,000, income taxes $172,550 (not including unusual items), loss on operation of discontinued music division $58,000, gain on disposal of discontinued music division $38,000, and unrealized loss on available-for-sale securities $151,000. The income tax rate is 35%.
Prepare a correct statement of comprehensive income, beginning with income before income taxes. (Enter loss using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)
The correct statement of comprehensive income is $209,300
Hrabik Corporation Statement of comprehensive income (partial) For the year ended December 31, 2020
Income before income taxes $493,000
Less Income tax expense $172,550
Income from continuing operations $320,450
($493,000-$172,550)
Discontinued operations
Loss from operation of discontinued division ($37,700)
[$58,000×(1-35%)]
Gain from disposal of discontinued division $24,700
[$38,000×(1-35%)]
($13,000)
Net Income $307,450
($320,450-$13,000)
Unrealized Loss on available-for-sale Securities ($98,150)
[$151,000×(1-35%)]
Comprehensive income $209,300
($307,450-$98,150)
Inconclusion The correct statement of comprehensive income is $209,300
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A software company developed a new virus protection software named LockDown. The box containing the CD displayed the company name and a small blue badge, as well as information about the product installation. Which of the following would be considered the logo in this scenario?
a. Blue badge
b. Box
c. Company name
d. Product information
Answer:
a
Explanation:
cant be b because it says that it's displaying the company name and a small blue badge. the blue badge is the logo
Blue badge is considered the logo in this scenario.
As a software company developed a new virus protection software named LockDown. The box containing the CD displayed the company name and a small blue badge, as well as information about the product installation.
Hence, the option a correct .
What is virus protection software?The virus protection software is designed to detect and remove viruses and prevent essential threat to the computer system.
What is virus in computer?A computer virus is a type computer program that can copy itself and infect a computer without our knowledge
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how did the looting of shops and malls will affect the businesses in the the terms of the relationships between social responsibility and triple bottom line?
Businesses reduce their incentives that will lead to minimizing their ability to carry out their part for social responsibility of the triple bottom line.
The triple bottom line is an obligation on businesses to not just look for their profit but include and maintain a good balance between these factors:
economic growth social welfare environment impactBusinesses should follow the Triple bottom line:
Making profits Making sure that there is positive social welfare on their part. Maintain ecological footprintThus, The correct answer would be - the ability of businesses to meet both their social responsibility and Triple bottom line is minimized and not as it was in normal conditions.
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