On01January 2010, the company was incorporated with an authorized ordinary share capitalof 150
000 ordinary shares of 1 each and 50 000 redeemable preference shares(fixed annual dividend of10c
per share).The post-closing trial balance of "Lily Petals Limited"as at 31 December 2022after the
provisional Statement of Profit or loss & other comprehensive income was drafted,is presented
below.
ULYPETALS LMITED
POST-CLOSINGTRIALBALANCEAS AT31DECEMBER2022
Details
Debit
Credit
Ordinary share capital
100000
Ordinarysharepremium
50
000
Retainedearnings
43000
Redeemable preference share capital(40 000 at NS1 each)
40000
LLand and buildings
100000
Plant~andMachinery
60000
Share issue expenses- preference sharer res
Underwriting commission-preference share
4000.
Share issue expenses- preference shares 2000.
Bank
22000
Total Dr 188000, Cr
188000
Additionalinformation:
The directors decided, with the necessary general meeting approval to implement these decisions on
01January2023inthisorder
1.To convert the ordinary par value shares into no par value
2.The preference shares are to be redeemed at a premium of 5c per share.
3.The redemption of the preference shares must be financed partly from the issue of 10000
ordinaryshares at NS2, each and partly out of the current bank balance.
4.The ordinary shares were offered to the public.
oThe issue was underwritten in full by Down-Under Ltd foran underwriting
commissionof6%
o The public subscribed for8000shares
o All the shares were allotted on 01 January 2023
o Share issue expenses amounted to NS500.
5.The directors wish to write off all comission and shareissue expensesimmediately after
theredemption of the preference shares.
6.Subsequent to the above transactions, there must be a capitalization issue of one ordinary
share for every eight already held at the current market price of NS2 per share.
YOU ARE REQUIRED TO
1)Prepare and present the general journal entries for the decisions on 01 January 2023.
(Narrations are not required).(30 marks)​

Answers

Answer 1

is this a essay to write? If so please list the answer not whole bunch of info


Related Questions

which year is the turning point for businesses, when their odds of survival begin to improve

Answers

The turning point for businesses, when their odds of survival begin to improve, is the end of the first year and the beginning of the second year of operation.

According to a study by the Small Business Administration (SBA) in the United States, the turning point for businesses, when their odds of survival begin to improve, is the end of the first year and the beginning of the second year of operation. Specifically, the study found that businesses that survive the first year have a 75% chance of surviving the second year, and businesses that survive the second year have a 90% chance of surviving the third year.

Therefore, it is crucial for new businesses to have a solid business plan and strategy, as well as adequate funding and resources to survive the critical first year of operation.

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_______ is the thickness of a character’s outline.

Answers

Explanation:

it's called character width. hope this help ss

When you go beyond the title of the article, read the article in depth and follow with any links, you are

When you go beyond the title of the article, read the article in depth and follow with any links, you are


Doing a deep dive and your due diligence

Watching out for misinformation

Doing an in-depth search on your topic

Researching the source

Answers

Answer:

Explanation:

I think We are doing an in-depth search on your topic.

For Curiosity, we have to do full research on the topic we are reading,

And for full research, we have to go in deep We follow the link given in the article.

A good reader is called when He does not just look at the title. He do all efforts for understanding the topic in depth.

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Q.1 Nancy Cotton bought NuTalk for $15 per share. One year later, Nancy sold the stock for $21 per share, just after she received a $0.90 cash dividend from the company. What total return did Nancy earn? What were the dividend yield and the capital gains yield?

Answers

Explanation:To calculate the total return, dividend yield, and capital gains yield, we first need to calculate the initial investment, final investment, and the total dividend received.

Initial Investment = Purchase price per share x Number of shares = $15 x 1 = $15

Final Investment = Selling price per share x Number of shares = $21 x 1 = $21

Total Dividend Received = Dividend per share x Number of shares = $0.90 x 1 = $0.90

Total Return = (Final Investment + Total Dividend Received - Initial Investment) / Initial Investment x 100%

Total Return = ($21 + $0.90 - $15) / $15 x 100%

Total Return = 48%

Dividend Yield = Total Dividend Received / Initial Investment x 100%

Dividend Yield = $0.90 / $15 x 100%

Dividend Yield = 6%

Capital Gains Yield = (Final Investment - Initial Investment) / Initial Investment x 100%

Capital Gains Yield = ($21 - $15) / $15 x 100%

Capital Gains Yield = 40%

Therefore, Nancy earned a total return of 48%. Her dividend yield was 6% and her capital gains yield was 40%.

Individuals should Fight as last resort and only when your life is in imminent danger

Answers

I think that individuals should fight as a last resort and only when your life is in imminent danger. Unless it’s a risk of loosing a loved one.

Identify the South African barriers to entry market share

Answers

Barriers to entry in South Africa include:

High startup costsLimited access to financing

What are some barriers to entry ?

Some industries in South Africa entail expensive start-up costs like procurement of equipment, infrastructure development or acquiring licenses which can be limiting for new entrants.

Several startups may encounter challenges in obtaining financial aid due to limited capital availability or stringent borrowing rules as well as exorbitant interest charges. The regulatory framework within the country is multifaceted and applies robust controls across a multitude of sectors that may be restrictive for businesses trying to establish themselves.

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With some exceptions, it is a criminal offense for a minor to:

Answers

With some exceptions, it is a criminal offense for a minor to engage in certain activities, such as:

1. Purchase or consume alcohol or tobacco products.

2. Drive a car without a valid driver's license.

3. Vote in an election.

4. Serve on a jury.

5. Work in certain hazardous occupations.

6. Enter into a binding contract.

7. Get a tattoo or piercing without parental consent.

8. Possess or use firearms.

9. Run away from home without parental consent.

10. Engage in sexual activity with an adult.

11. Commit certain crimes.

The specific laws and regulations regarding minors vary by state and country, so it is important to check the relevant laws in your area. Minors are individuals who are under the age of majority, which varies by location but is typically 18 years old. Because minors are considered to be legally incapable of making certain decisions, there are laws and regulations in place to protect them from harm and ensure that they are not taken advantage of.

For example, it is illegal for a minor to purchase or consume alcohol or tobacco products because these substances can be harmful to their health and development. Similarly, minors are not allowed to drive a car without a valid driver's license because they may not have the necessary skills and experience to operate a vehicle safely.

Other activities, such as voting, serving on a jury, or entering into a binding contract, require a certain level of maturity and responsibility that minors may not yet possess. In some cases, minors may be allowed to engage in these activities with the consent of a parent or legal guardian.

In general, the laws and regulations regarding minors are designed to protect their health, safety, and well-being, and to ensure that they have the opportunity to grow and develop into responsible adults.

Value of Kenyan Shilling falls against US dollar as demand for imports rises sharply in Kenya. --Information above to show a depreciation in the value of the Kenyan shilling (Ksh) against the US dollar (USD) on the global foreign exchange market from 100 Ksh = 1 USD to 100 Ksh = 0.8 USD.
Question: Explain why an increase in demand for imports will have this effect, other things unchanged.​

Answers

When the demand for imports increases, Kenyans need to buy more foreign currencies to pay for those imports, which puts downward pressure on the value of the Ksh relative to the USD.

Why an increase in demand for imports will have this effect, other things unchanged.​

When there is an increase in demand for imports, Kenyan consumers need to purchase more goods and services from other countries, which requires them to exchange their Ksh for the currency of the exporting countries, such as the USD.

This increased demand for foreign currencies increases the supply of Ksh on the foreign exchange market, while decreasing the supply of foreign currencies, such as USD. As a result, the price of Ksh falls relative to the USD, leading to a depreciation in the exchange rate between the two currencies.

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Suppose you have the following market demand and supply functions: =20−1.5 =5+0.5 If this market is a competitive market, find equilibrium price and quantity. If this is a monopoly, find price, quantity, deadweight loss and new producer surplus.

Answers

If the market is monopolized, the equilibrium price and output are determined by comparing the monopolist's marginal revenue and marginal cost curves.

How Does Competitive Equilibrium Occur?

Competitive equilibrium refers to the situation in which producers and consumers in competitive markets with freely determined prices reach an equilibrium price. Quantities provided and required are equal at this price, which is the equilibrium price.

What is the equation for the equilibrium quantity, price, and example?

You will set the quantity demanded (Qd) equal to a amount provided (Qs) and solve for price using the equilibrium pricing formula, which is based on demand and The supply quantities (P).

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Question:-

Suppose you have the following market demand and supply functions: =20−1.5 =5+0.5 If this market is a competitive market, find equilibrium price and quantity.?

Question 2 of 10
When payroll expenses are journalized, each individual payable account is
entered as
OA. a debit and a credit
OB. a debit
C. neither a debit nor a credit
D. a credit

Answers

The correct option is D, a credit. When payroll charges are journalized the individual outstanding accounts are credited because these accounts represent quantities owed to workers for their stipend,salary and benefits.

Payroll expenses include employee salaries, wages, payroll taxes and employee benefits. These charges are debited to the payroll expenditure account in the general tally. when recording the quantities owed to workers for their salaries and benefits the corresponding outstanding accounts are credited. This means that the accounts outstanding balance increases, reflecting the volume the company owes its workers.

when the company pays its workers, the accounts payable balances are dropped by debiting accounts payable and crediting cash accounts.

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Contrast a group and a team. Which collection of people BEST describes a group but NOT a team?

six students working on homework assignments in the same algebra classroom


three friends brainstorming ideas for a surprise birthday party for another friend

four colleagues creating a presentation for an upcoming meeting with their CEO


five athletes running a play where they dodge their opponent's defense to score a goa

Answers

The collection of six students working on homework assignments in the same algebra classroom BEST describes a group but NOT a team. While the students may be working together in the same space, they may not be working cooperatively to achieve a common goal.

Answer:

six student working on homework in algebra best suits it.

Ian is interested in purchasing bonds, but he is looking for bonds that aren’t related to the government. Which type of bonds would you suggest he purchase?
You Answered
treasury bonds
municipal bonds
Correct Answer
corporate bonds
general obligation bonds

CORRECT: corporate bonds

Answers

Corporate bonds are the best solution to the problem. This means that these bonds are being sold by a large corporation.

What exactly is a corporate bond?

A corporate bond is a bond that a company issues to raise funds for a variety of purposes such as current operations, M&A, or business expansion. Longer-term debt instruments with a maturity of at least one year are typically referred to by the term. Commercial paper refers to corporate debt securities with maturities of less than one year. The term "corporate bond" is not defined precisely. The term is sometimes used to refer to all bonds other than those that governments issue in their own currencies.

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Consider two different potential projects at a company where you have worked, and do the following:

Discuss the benefits and costs that you would consider in deciding which is better for the company
Reflect on how information technology would affect this decision

Answers

Benefits, costs, and IT impact should be considered when deciding between two potential projects at a company.

The decision to choose between two potential projects should consider their benefits and costs, as well as the impact of information technology. Factors such as return on investment, time frame, risk, and strategic alignment should be evaluated. Additionally, information technology can affect the decision through factors such as project management, data analysis, and communication. IT can improve project success rates and reduce costs through the use of automation, analytics, and collaboration tools. Ultimately, a thorough analysis of the projects and their potential impact on the organization should be conducted to make an informed decision.

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Suppose that the club extended credit to its regular patrons, although neither the articles of incorporation nor the corporate bylaws authorized this practice. Would the corporation likely have the power to engage in this activity Explain.

Answers

The following are a corporation's special powers, often known as the Theory of special Capacity: Powers include the ability to lengthen or shorten the term of a corporation, alter the amount of corporate stock, incur, generate, or increase bonded debt, revoke pre-emption rights, and sell, dispose of, lease, or encumber property.

Express and implied powers are both available to corporations. A corporation is said to be behaving extra vires when it exceeds its legal authority. Every time a company participates in unlawful behavior, such as criminal activity, it is doing ultra vires acts. Directors, officials, and shareholders are the three main decision-makers in a corporation.

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f the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, what was the real rate of interest over the last year? Disregard cross-product terms; that is, if averaging is required, use the arithmetic average. Round intermediate calculations to four decimal places.

Answers

If the inflation rate was 2.60% and the nominal interest rate was 8.00% over the last year, the real rate of interest over the last year was 5.40%.

How to solve for the real rate of interest

To calculate the real rate of interest, we need to subtract the inflation rate from the nominal interest rate.

Real interest rate = Nominal interest rate - Inflation rate

Real interest rate = 8.00% - 2.60%

Real interest rate = 5.40%

Therefore, the real rate of interest over the last year was 5.40%.

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answer this please!!!

Answers

The overall rate of inflation between the base year and last year is 1%.

How to calculate the value

Gasoline rate of inflation = ($2.65 - $2.65) / $2.65 x 100% = 0%

Pizza rate of inflation = ($3.00 - $2.65) / $2.65 x 100% = 13.21%

Beer rate of inflation = ($5.75 - $4.45) / $4.45 x 100% = 29.21%

Textbook rate of inflation = ($110.00 - $238.00) / $238.00 x 100% = -53.78%

Overall rate of inflation = (200/309) x 0% + (60/309) x 13.21% + (45/309) x 29.21% + (4/309) x (-53.78%) = 1%

Therefore, the overall rate of inflation between the base year and last year is 1%.

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Steps to Making Ethical Decisions Project. I also need help on this (40 points)

Answers

Sure, I'd be happy to help you with your project on Steps to Making Ethical Decisions. Here is a basic outline of the steps:

1. Identify the problem or ethical dilemma: The first step in making ethical decisions is to identify the problem or dilemma you are facing. This step involves understanding the relevant facts, stakeholders, and values involved.

2. Gather information: Once you have identified the problem, gather as much information as possible about the situation. This step involves researching the issue, consulting with experts, and seeking out multiple perspectives.

3. Identify the ethical principles: Identify the ethical principles or values that are relevant to the situation. Examples of ethical principles include honesty, respect, autonomy, and justice.

4. Consider alternative courses of action: Once you have identified the ethical principles, consider alternative courses of action that could be taken to address the problem. This step involves brainstorming and evaluating the pros and cons of each option.

5. Make a decision: Based on the ethical principles and alternatives considered, make a decision about the course of action to take.

6. Take action: Once a decision has been made, take action to implement the chosen course of action.

7. Reflect on the decision: After taking action, reflect on the decision made and its outcomes. This step involves evaluating the decision and learning from the experience.

8. Adjust course if necessary: If the decision made did not have the desired outcome or if new information arises, adjust course accordingly and implement a new decision.

It's important to note that these steps are not always linear, and may need to be revisited and reevaluated as new information arises. Additionally, it's important to involve stakeholders and consider the potential consequences of any decision made.

I hope this helps you with your project! Let me know if you have any further questions.

Conciseness: Rewrite the following by omitting articles, rambling
sentences, and repetitions:
At this time I am writing to you to enclose the post paid appointment card for the purpose of arranging a
convenient time when we might get-together for a personal interview

Answers

The rewritten sentence is given thus: "Writing to enclose post-paid appointment card for arranging a convenient time to get-together for a personal interview."

How is this revised?

The original sentence was a formal, verbose way of conveying the writer is sending an appointment card and wishes to arrange a gathering with the recipient.

Rewrite simplifies by removing articles, superfluous words, and duplicators. The revised phrase is a succinct and direct indication of the author's intention.

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Discuss when to use a questionnaire, interview guide or both

Answers

Answer:

Here are some considerations for when to use a questionnaire, interview guide, or both:

Questionnaire:

Questionnaires are best suited for collecting data from a large sample size.

They can be distributed electronically or in print, and participants can complete them at their convenience.

Questionnaires are useful when the research topic is well-defined and requires standardized data collection.

Interview Guide:

An interview guide is best suited for collecting data from a small sample size.

They provide more detailed and nuanced data, as they allow for follow-up questions and probes.

Interview guides are useful when the research topic is complex and requires in-depth exploration.

Both:

A combination of both methods can be useful when the research topic requires a mixed-methods approach.

The questionnaire can be used to collect standardized data from a large sample, and the interview guide can be used to explore specific themes in greater depth with a smaller sample.

In conclusion, the decision to use a questionnaire, interview guide, or both depends on the research question, the sample size, and the level of detail required in the data. Researchers should carefully consider these factors and choose the method or combination of methods that is best suited for their research.

Explanation:

Which of the following statements about consumer sovereignty is true?

Consumers’ needs and wants dictate what goods and services producers provide.

Influence of consumers over government rules regulate the marketplace.

Conditions where buyers and sellers are willingly engaging in market transactions.

Consumers dictate the prices of goods and services.

Answers

The statement that is true of consumer sovereignty is A. Consumers’ needs and wants dictate what goods and services producers provide.

What dictates the products made ?

Consumer sovereignty is the notion that the consumers are the predominant forces of the market economy and choose what products and services producers should provide in order to earn a profit.

In this way, if consumers cease buying something then the enterprises must conform their offers to fulfill the modified demand. This concept remains at the hub of economies based on the market and advances innovation and competition among firms.

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Kindly copy and answer it on a short bond paper.


1. What are the different forces of change in the workplace? Discuss.


2 Identify the ethical theories and behavior in the workplace Differentiate each.


3. Discuss how stress, and anger can be managed. How does it affect the workplace if not properly managed?


4. Discuss the steps in developing a teamwork environment in the workplace.


5. What are the negative effects of stress in the workplace? Positive effects?

Answers

1. The different forces of change in the workplace can be broadly categorized as

external and internal factors.

2. Ethical theories and behavior in the workplace can be categorized into three main types:

deontological, consequentialist, and virtue ethics.

What is external force of change

External forces of change may include technological advancements, changes in the economy or market conditions, globalization, and changes in government regulations.

Internal forces of change may include changes in organizational structure or culture, leadership changes, and changes in employee demographics or skillsets. The forces of change can impact the workplace by creating challenges, opportunities, and uncertainties that require organizations and employees to adapt and evolve.

3. Stress and anger can be managed through various techniques, such as mindfulness, exercise, and communication.

Mindfulness techniques, such as meditation and deep breathing, can help individuals manage their emotions and reduce stress.

Exercise can also help reduce stress and promote overall physical and mental health.

Effective communication can help individuals express their feelings and address issues that may be causing stress or anger. If not properly managed, stress and anger can have negative impacts on the workplace, such as decreased productivity, increased absenteeism, and reduced job satisfaction.

4. Developing a teamwork environment in the workplace requires several steps, including

setting clear goals and expectations,

building trust and communication, and

fostering a culture of collaboration and cooperation.

Clear goals and expectations help team members understand their roles and responsibilities and work towards a common objective. Building trust and communication involves encouraging open and honest communication, active listening, and respect for diverse opinions and perspectives. Fostering a culture of collaboration and cooperation involves recognizing and rewarding teamwork and encouraging a sense of belonging and community among team members.

5. Negative effects of stress in the workplace can include

decreased productivity,

increased absenteeism, and

reduced job satisfaction.

positive effects on the workplace, such as

increased motivation,

creativity, and

resilience.

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Federal Semiconductors issued 12% bonds, dated January 1, with a face amount of $940 million on January 1, 2024. The bonds sold for $873,516,024 and mature on December 31, 2043 (20 years). For bonds of similar risk and maturity the market yield was 13%. Interest is paid semiannually on June 30 and December 31. Federal determines interest at the effective rate. Federal elected the option to report these bonds at their fair value. On December 31, 2024, the fair value of the bonds was $860 million as determined by their market value in the over-the-counter market. Assume the fair value of the bonds on December 31, 2025, had risen to $866 million. Required: Complete the below table to record the following journal entries. 1. & 2. Prepare the journal entries to record interest on June 30, 2024, December 31, 2024, and adjust the bonds to their fair value for presentation in the December 31, 2024 balance sheet, and record interest on June 30, 2025, December 31, 2025, and adjust the bonds to their fair value for presentation in the December 31, 2025, balance sheet. Federal determined that none of the change in fair value in 2024 was due to a decline in general interest rates and one-half of the increase in fair value in 2025 was due to a decline in general interest rates.

Answers

Answer:

Journal Entries:

1. June 30, 2024

Interest Expense           $30,660,960   (=$940,000,000 x 0.12 x 6/12)

   Cash                               $47,000,000  (=$940,000,000 x 0.12 x 6/12)

2. December 31, 2024

Interest Expense           $30,660,960   (=$940,000,000 x 0.12 x 6/12)

   Premium on Bonds Payable   $5,000,000  [(($873,516,024 - $860,000,000)/$940,000,000) x $940,000,000 x 6/12]

   Bonds Payable                   $25,000,000  [(($873,516,024 - $860,000,000)/$940,000,000) x $940,000,000]

   Cash                               $47,000,000  (=$940,000,000 x 0.12 x 6/12)

3. June 30, 2025

Interest Expense           $28,020,000   [=$940,000,000 x 0.12 x 6/12 x (1 - 0.5)]

   Cash                               $47,000,000  (=$940,000,000 x 0.12 x 6/12)

4. December 31, 2025

Interest Expense           $28,020,000   [=$940,000,000 x 0.12 x 6/12 x (1 - 0.5)]

   Premium on Bonds Payable   $3,000,000  [(($866,000,000 - $860,000,000)/$940,000,000) x $940,000,000 x 6/12 x 0.5]

   Bonds Payable                   $12,500,000  [(($866,000,000 - $860,000,000)/$940,000,000) x $940,000,000 x 0.5]

   Cash                               $47,000,000  (=$940,000,000 x 0.12 x 6/12)

Explanation:

1. The company records the interest expense and the cash paid for the interest.

2. The company records the interest expense and adjusts the Bonds Payable account to its fair value. The premium on the Bonds Payable account is credited for the difference between the face amount of the bonds and the fair value of the bonds, and the Bonds Payable account is debited for the face amount of the bonds. The cash paid for the interest is also recorded.

3. The company records the interest expense and the cash paid for the interest.

4. The company records the interest expense, adjusts the Bonds Payable account to its fair value, and credits the Premium on Bonds Payable account for the difference between the fair value of the bonds and the face amount of the bonds. The cash paid for the interest is also recorded. The increase in the fair value of the bonds is assumed to be due to a decline in general interest rates, and one-half of the increase is recognized as an adjustment to the fair value of the bonds.

Effective first time managers volunteer for special projects.
O True
O False

Answers

Answer:

I believe False

Explanation:

Why? Because not everyone has the same skill, fast learning/thinking, it is there own decision.(I think Im saying another answer as to yours)

mookie the beagle concierge makes a payment on the visa credit card

Answers

The balance of the VISA Credit Card account after the credit card payment is recorded is $0.00. This is because the payment of $800.00 was recorded, thus bringing the balance down to zero.

What is Credit Card?

A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts plus the other agreed charges. The card issuer (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. A credit card is different from a debit card, which is linked to the cardholder's bank account, and money is withdrawn from the account to pay for goods and services. Credit cards are also different from charge cards, which require the balance to be paid in full each month.

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Complete Question:
EM6.11 Pay Credit Card
Mookie the Beagle Concierge makes a payment on the VISA credit card on 01/31/2023 in the amount of $800.
Required:
To record the payment on the VISA credit card:
From the Navigation Bar, select Expenses > select Expenses tab
From the New transaction drop-down menu, select Pay down credit card
For Which credit card did you pay?, select 2100 VISA Credit Card
For How much did you pay?, enter 800.00
For Date of payment, enter 01/31/2023
For What did you use to make this payment?, select 1001 Checking
Select Save and close
What is the balance of the VISA Credit Card account after the credit card payment is recorded?
Note: Answer this question in the table shown below. Round your answer to the nearest dollar amount.

What source would provide the best way to find valid information about climate change?

Answers

Any website that has an ending of .org would be my recommendation towards you because I always find good solid information from any website that ends in .org

A company's sales in the last year in its three different markets were as follows: Market 1 Market 2 Market 3 Total $ 75,000 60,000 45,000 180,000 In a pie chart representing the proportion of sales made by each region what would be the angle of the section representing Market 3 (to the nearest whole degree)? (2 Points)​

Answers

The angle of the portion characterizing Market 3 in the pie chart is 90° (to the most forthcoming whole point).

How to solve

To find the angle of the division representing Market 3 in the graph resembling pie, you need to decide the proportion of total businesses it shows and then increase that proportion by 360° (the total number of qualities in a circle).

Market 3 buying: $45,000

Total sales: $180,000

The proportion of Market 3 demand amount to sales:45,000 / 180,000 = 0.25

Now, increase the proportion by 360° to find the angle:0.25 * 360° = 90°

So, the angle of the portion characterizing Market 3 in the pie chart is 90° (to the most forthcoming whole point).

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New Day Vitamin Company's __________ relies heavily on advertising, personal selling, and a limited use of product sampling.

Answers

New Day Vitamin Company's promotion mix relies heavily on advertising, personal selling, and a limited use of product sampling.

Why is this so?

New Day Vitamin Company's promotion mix relies heavily on advertising, personal selling, and limited use of product sampling.

A promotion mix simply means the blend of different promotional tools that are used by organizations to create and increase the demand for goods and services.

A company's promotion mix combines promotional tools such as personal selling, advertising, sales promotion, publicity, sampling, public relations, etc.

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businesses can compensate employees for work they produce when being paid by

Answers

Explanation:

Structured incentive pay is set by specific sales or production goals and paid to employees at a percentage or flat rate. For example, you set a goal for $50,000 in sales for the fiscal year. If you reach that goal, you give each employee a bonus equaling 2% of their annual salary

Over the last 10 years, a very popular tech company has averaged a 43.5% rate of return on their stock prices. If someone had invested $200 with this company ten years ago, how much would their investment be worth today?

Answers

The amount that the investments of the people would be worth today would be $ 7,405.41.

How to find the current worth ?

To calculate the value of the investment today, we can use the compound interest formula :

Amount invested = $ 200

Rate = 43. 5 %

Number of years = 10 years

The net worth of the investment into the popular tech company would be:

= 200 ( 1 + 0. 435 ) ¹⁰

= 200 ( 1. 435 ) ¹⁰

= 200 x ( 32. 540312 )

= $7, 405.41

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Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $470,000. During 2021, Halifax sold merchandise on account for $13,200,000. Halifax's merchandise costs is 60% of merchandise selling price. Also during the year, customers returned $524,000 in sales for credit, with $289,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 4% of sales, are recorded as an adjusting entry at the end of the year.
Required:
1. Prepare entries to (a) record actual returns in 2021 of merchandise that was sold prior to 2021; (b) record actual returns in 2021 of merchandise that was sold during 2021; and (c) adjust the refund liability to its appropriate balance at vear end.
2. What is the amount of the year-end refund liability after the adjusting entry is recorded?

Answers

Purchase returns and allowances are not reflected on the balance sheet as liabilities since they are not obligations.

Liabilities are exactly what?

The balance sheet's right side is devoted to things categorized as liabilities, which include obligations like as loans, accounts payable, mortgages, deferred income, bonds, warranties, and cumulative expenses. You can contrast assets and liabilities. Liabilities are things you owe money to or that you own; assets are things you possess or have borrowed money from.

A refund is due to what account?

According to Accounting Coach, refunds are handled in accounting using the sales returns and allowances account, a contra-revenue account.

The consideration amount for which the reporting company does not anticipate being entitled is the amount of the refund obligation since it will be given back to customers. At every reporting date, the refund obligation is reassessed to account for changes in the projected returns, and revenue is subsequently adjusted.

Refund Liability A/c- (Dr.)                                     $289,000

Actual Return A/c                                                                    $289,000

Inventory A/c- (Dr.)  (60% of $289,000)              $173,400

Inventory Estimated Return                                                    $173,000

Sales Return A/c- (Dr.) ($524,000 - $289,000)   $235,000

Actual Return A/c                                                                      $235,000

Inventory A/c- (Dr.) (60% of $235,000)                 $141,000

COGS                                                                                            $141,000            

4% of $13,200,000 = $528,000 - $235,000= $293,000

$293,000 + $289,000 - $470,000= $112,000                                  

Sales return A/c- (dr.)                                                  $112,000

Refund liability A/c                                                                         $112,000

Inventory Estimated return ($112,000 x 60%)         $67,200

COGS                                                                                               $67,200

Returns Liability                                                 $470,000

Actual Return                                                     ($289,000)

Adjustment needed                                           $112,000

                                                                             $293,000

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