Using QuickBooks Online, you must begin by clicking the " Receive Payments " option. Intuit created and sells the accounting software suite known as QuickBooks.
How can transactions be created in QuickBooks?
The procedures listed below can be used to create transactions on QuickBooks Online based on transactions that have already occurred:
Choose "Receive Payment" by clicking the "+" button in the dashboard's upper right corner.
Choose "Esther Green" as the client, and then enter the sum paid as the invoice's unpaid balance. Choose "Cheque" as the payment option and input the 598-digit check number. Transaction saved.
Choose "Invoice" by clicking on the "+" symbol once again. Choose "Roy Fisher" as the client and type $550 as the balance owed. Choose Melanie's unique floral design service in the products/services area to apply the credit of $25 + GST to the bill. Transaction saved.
Refresh your browser and choose "Receive Payment" from the "+" menu. Choose "Karuna Ramachandran" as the client and input the sum owed for the two unpaid bills. Choose "Debit" as the mode of payment, then save the deal.
Choose "Credit Note" by clicking on the "+" button once again. Choose "Sharon McColl" as the customer, then input a credit amount of $25 + GST. Save the transaction and apply the credit to the birthday vase invoice.
Refresh your browser and choose "Receive Payment" from the "+" menu. When the credit has been applied, choose "Sharon McColl" as the client and input the new balance. Choose "Cash" as the mode of payment, then save the deal.
Click the "+" symbol and choose "Bank Deposit" to make a deposit. Choose the payments made by Karuna Ramachandran, Sharon McColl, and Esther Green as the deposit items, then save the transaction.
Go to the Reports tab on the left-side menu and choose "Profit and Loss" to create a report. Run the report with April 8, 2026 as the date range.
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Based on the stage that you are in your career, prepare a chronological or functional resume for a position in your dream company. You need to create your resume in any 1 format chronological OR functional, properly justifying your choice.
A chronological resume presents your professional experience in reverse chronological order. To put it another way, the position you had most recently is mentioned first on your CV. Just below that is where you were previously, and so forth.
In a chronological resume, are professional experiences listed in reverse chronological order the major emphasis?Reverse chronological resumes, often known as chronological resumes, are the most common format. The chronological resume concentrates and accentuates your professional experiences and accomplishments in chronological order, making it highly advised for those with lengthy employment histories.
What does the reverse chronological order on a resume mean?The reverse chronological resume format is the most popular and well-known. Your relevant employment history is presented in this format in reverse chronological order, beginning with the most recent position you had and working your way backwards.
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In order to show a commercial on South Korean television, a company like Gillette
must film the commercial using South Korean actors. What political consideration is
most likely responsible for this legal requirement?
Center around keeping up with portion of the overall industry and spend proportionately less on promoting on the grounds extra consumptions . Government regulations govern taxation.
How is business affected by the political climate?The majority of political factors originate in governments, and businesses have virtually no control over anything. A company's ability to serve and retain customers while also making a profit is primarily affected by political factors. Businesses are affected by taxation, employment regulations, and political stability. By influencing how businesses operate, they can have a positive or negative effect on a company. The introduction of risk is one of the negative effects. A company may suffer significant losses as a result of risk factors that can have a significant impact on its profits. War and demonstrations are two common risk factors.
There are a variety of reasons why some businesses pay lower taxes than others. Businesses are subject to a variety of taxes, including employee and employer-paid employment taxes. FICA taxes, for example, pay for Social Security and medical care for employees and employers. State income taxes and dividend taxes are two additional taxes.
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A guest arriving at a restaurant bows to the host instead of extending a hand. This is an example of how cultural customs and taboos can affect
A.a sense of humor
B.dietary preferences
C.greetings between people
D.preferences for amenities
This is an illustration of how 's sense of humor can be impacted by cultural taboos and norms. dietary inclinations.
Who defines culture?Language, values, conventions, behaviors, and even material possessions are all considered to be part of a culture. Culture is universal; while its specifics may vary from group to group, all civilizations create standardized, taught ways of understanding and engaging with their environment. A moral imperative that establishes what we believe to be good and wrong and implicit instructions that teach us what we should do are both provided by culture. Material culture and nonmaterial culture are two subcategories of culture. The tools and technology created by members of society are referred to as material culture.and employ. This encompasses all creations manufactured by humans, such as works of art, structures, tools, jewelry, clothing, and hairstyles. The methods of thinking (beliefs, values, and other worldviews) and behavioral patterns of a group are included in nonmaterial culture (language, gestures, and other forms of social interaction).
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A competent party who unknowingly enters into a contract with a minor may void the contract. true false
Answer:
False.
Explanation:
A contract entered into by a minor is generally voidable at the option of the minor, but not at the option of the competent party. The competent party is bound by the terms of the contract unless it can be shown that the minor lacked capacity to enter into the contract, such as in cases where the minor was mentally incompetent or under the influence of drugs or alcohol at the time of entering into the contract.
Money aggregates
Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes.
a. Daesun has $20,000 in a money market account.
b. Becky has a jar of coins by her bedside table.
c. Felix has $1,200 in a checking account.
d. Hilary has $6,000 in a two-year certificate of deposit (CD).
The main difference between M1 and M2 is that all money in M1 can be used directly as ?, whereas some types of money within M2 cannot.
a. Daesun has $20,000 in a money market account. is M1 and M2
b. Becky has a jar of coins by her bedside table is M1
c. Felix has $1,200 in a checking account is M1
d. Hilary has $6,000 in a two-year certificate of deposit (CD) is M2
This example belongs to both M1 and M2 categories. A money market account is a type of savings account that pays higher interest rates than a standard savings account.
This example belongs to M1. The jar of coins is cash and can be used directly as a medium of exchange. It is the most liquid form of money and falls under M1.
This example belongs to M1. Checking accounts are highly liquid, and funds can be easily accessed using a debit card or checks. As a result, they fall under M1.
This example belongs to M2. CDs are time deposits that offer higher interest rates than savings accounts or checking accounts. They are less liquid than cash, checking accounts, or money market accounts and require a penalty for early withdrawal. Therefore, they fall under the M2 category.
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In order for communication to be effective in the workplace, managers need to solicit comments and criticism from employees regarding their communication messages. This input from employees is referred to as ______.
what are Perpose of induction
The purpose of induction in business is to provide new employees with the necessary information, training, and support to help them integrate into the company culture and perform their job responsibilities effectively.
What is an Induction program?Induction programs typically include an overview of the company's mission, values, and policies, as well as training on job-specific skills and procedures.
Induction helps to ensure that new employees feel welcome and supported, understand their roles and responsibilities, and have the resources they need to succeed.
A successful induction program can help to reduce turnover, improve job satisfaction, and increase productivity.
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A great way to ontain hands-on training in a real work environment is to complete a(n)
Answer:
It's c, apprenticenship
Assume that you are writing about green hotels and eco-friendly meetings. You have access to the following word-for-word passages from two sources. These passages will be the basis of the exercises.
Stewart, J. (2012). The greening of hotels. New York: Williams-Anderson Group.
Most hotel executives have recognized that the demand for greener hotels has reached a tipping point. They expect a quickly accelerating demand for greening in all dimensions of hotels: energy usage, carbon emission, impact on local environments, and water consumption. As one executive told me, "The current operations model simply won't work any longer. We've got to adapt to shifting demands, and do it within three to five years. Or, we're toast." (from page 14)
Mendez, E. (2011). Marketing eco-friendly meetings. San Francisco: Finch & Sons Publishing.
Our research shows that 20 percent of conference attendees expect eco-friendly meetings. But, that doesn't tell the story, and any convention center, hotel, or other conference host that thinks the demand for green conferences will not become a significant share of the market is delusional. From our research, here are the statistics that matter most: 75 percent of conference planners say their employers demand more eco-friendly meetings to reach CSR initiatives, and 60 percent of conference planners now believe eco-friendly conferences cost less. (from page 3)
Research shows that just 20 percent of conference attendees expect eco-friendly meetings.
A. Plagiarized: not paraphrasing sufficiently
B. plagiarized; not correctly acknowledging direct quotations
C. plagiarized; not acknowledging the source of ideas
D. plagiarized; not correctly acknowledging the source of ideas
E. Not plagiarized
E. Not plagiarized the words and structure used in research shows that 20 percent of conference attendees expect eco-friendly meetings are general factual statement are different from those in the original source. Furthermore, it is well known and does not need for attribution to a particular source so it has no plagiarism
Plagiarism is the act of misrepresenting the thoughts, creations, or words of another person as your own without properly crediting or citing the source. Since it is a form of intellectual theft, it is regarded as unethical and dishonest in both educational and professional settings. Plagiarism includes a variety of actions, such as copying and pasting, paraphrasing without the necessary citation, using someone else's ideas without giving them credit, and submitting someone else's work as your own. The proper reference styles must be utilized, and you must always provide fair acknowledgment to the sources you used, in order to avoid plagiarism.
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Explain briefly the difference between traditional and enlightened management
intelligent management Enlightened managers in our world are those who are sensitive to both their employers and staff. They are conscious of the outside environment and how it affects the company.
What does "enlightened" mean in practice?Being advanced and having acquired necessary information or knowledge, particularly spiritual knowledge, is referred to as enlightenment. Enlightenment can be exemplified through learning more about a certain field of study or religion.
What does the word "enlightened" actually mean?demonstrating comprehension, being constructive, and not adhering to erroneous or outdated ideas The school has a progressive policy that involves teaching boys how to cook. She has considerably more progressive ideas on schooling now.
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Under the CAL-VET program, during the period that the veteran is living in the home and making payments, the veteran is party to a land contract. has full legal title. is a tenant in a leasehold estate. has no equitable interest in the property.
Under the CAL-VET program, during the period that the veteran is living in the home and making payments ,has full legal title.
What kind of agreement is a veteran given when making a Cal Vet purchase?A loan arrangement known as a participation contract is signed by the veteran and Calve and is governed by a separate legal system from mortgage law.
The Cal Vet program is what?Calve sets the national standard for connecting veterans and their families with the rights and benefits they have earned through their military service as well as providing innovative leadership in veteran advocacy and veteran services in California.
Cal Vet is available to veterans.To be eligible, the following prerequisites must be satisfied: Every veteran who served actively for at least 90 days, during a time of war or peace (but not exclusively on active duty for training purposes), is eligible. To be eligible, service must be rendered in morally upright circumstances. There are no requirements for living there. The veteran has full legal title to the property while participating in the CAL-VET program and making payments on it.
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Analyse 3 ways a school or college might help teachers achieve a better work life balance[12]
Answer: The 3 ways a school or college might help teachers achieve a better work life balance are: (1) By conducting co-curricular activities. (2) To provide maternity/menstrual/emergency leaves. (3) Restrictions on working hours.
Explanation: The 3 ways a school or college might help teachers achieve a better work life balance are as follows :
(1) To reduce the stress of the entire week schools can conduct co-curricular activities for teachers such as yoga, dance, singing, games among students and teachers. It strengthen the bond between students and teachers.
(2) They should provide maternity leave or menstrual leave to female faculties and emergency leave for faculties. These balances their personal and professional life.
(3) There should be work as well as time restrictions for teachers so that they do not work for extra hours. They should also have ample number of faculties for all subjects and enough non-teaching staffs, so that teaching staffs do not have to do extra hours of work.
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The three elements of loan in credit rating that can be offered to the customer by the credit
dept. are ....
Explanation:
Students classify those characteristics based on the three C's of credit (capacity, character, and collateral), assess the riskiness of lending to that individual based on these character- istics, and then decide whether or not to approve or deny the loan request.
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Discuss the causes of monopoly
Explanation:
Monopoly is a market structure characterized by the existence of a single supplier or producer in a market, with no close substitutes for its product. Monopolies can arise due to various reasons, including:
Barriers to entry: Monopolies can emerge due to barriers to entry that prevent other firms from entering the market and competing with the existing firm. Barriers to entry may include economies of scale, high start-up costs, exclusive patents or licenses, control over scarce resources, and legal or regulatory restrictions.
Control over essential resources: A firm may hold a monopoly if it controls an essential resource, such as a rare mineral, that is required to produce a specific product. If the resource is scarce and there are no substitutes, the firm can charge a premium price and maintain a monopoly.
Mergers and acquisitions: Large firms may acquire smaller firms or merge with their competitors to create a monopoly. This allows the dominant firm to increase its market share and reduce competition.
Government regulation: Government regulations can create monopolies in certain industries. For example, the government may grant exclusive licenses to certain companies to operate in specific industries or regions.
Network effects: Some industries, such as social media, benefit from network effects, where the value of the service increases as the number of users grows. This can lead to a dominant firm with a large user base and create a natural monopoly.
Predatory pricing: A firm may engage in predatory pricing, where it sets its prices below its costs to drive out competitors and gain market share. Once it has eliminated competition, the firm can raise its prices and maintain a monopoly
Target Case (Static) [LO18-1, 18-5]
Target Corporation prepares its financial statements according to U.S. GAAP. Target’s financial statements and disclosure notes for the year ended February 1, 2020, are available here. This material also is available under the Investor Relations link at the company’s website (www.target.com). Target refers to its Shareholders’ Equity as Shareholders’ Investment.
Required:
Note 20, “Share Repurchase,” provides the information we need to reconstruct the journal entry that summarizes Target’s share repurchases in the year ended February 1, 2020. Provide that entry.
Does Target account for share repurchases as (a) treasury stock or (b) retired shares?
The treasury stock method is a common accounting treatment for repurchased shares, where the shares are recorded as an asset on the balance sheet and deducted from the shareholders' equity section.
What is Stock?
Stock refers to the ownership interest in a company or corporation. When a company goes public, it sells shares of stock to investors in order to raise capital. The investors who buy the stock become shareholders and own a portion of the company. Stockholders are entitled to vote on certain corporate matters and may receive dividends if the company decides to distribute profits to its shareholders.
The journal entry to summarize Target's share repurchases in the year ended February 1, 2020, can be reconstructed as follows:
Treasury Stock Account $2,953 million
Cash Account $2,953 million
This entry represents the purchase of 40.4 million shares of common stock at an average price of $73.06 per share.
Target accounts for share repurchases as treasury stock, as indicated by Note 20 in the financial statements.
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PLEASE HELP DUE AT 11:59
The following data have been gathered for Syncronics, Inc.:
a. The July 31 bank balance was $4,000,
b. The bank statement included $65 in service charges.
c. There was an EFT deposit of $900 on the bank statement for the monthly rent from
the tenant.
d. Checks #541 and #543 for $205 and $320, respectively, were not among the canceled
checks returned with the statement, therefore the checks are outstanding.
e. The July 31 deposit of $350 did not appear on the bank statement
f. The bookkeeper had erroneously recorded a $50 check as $500. The check was
written to a vendor to pay- off an accounts payable.
g. Included with the canceled checks was a check written by Syncronize
Corporation for $200 which was deducted from Syncronics' account. .
h. The bank statement also included an NSF check written by Multimedia, Inc for a $460
payment on accounts receivable
i. The cash account showed a balance of $3,200 on July 31.
REQUIRED:
1. Prepare the July 31 bank reconciliation for Syncronics Inc.
2. Adjust the Cash Balance (using Journal Entries, T accounts, or the Accounting Equation).
Explanation:
July 31 Bank Reconciliation for Syncronics Inc.
Balance per bank statement:
Beginning balance: $4,000
Service charges: -$65
EFT deposit: +$900
Outstanding checks: -$525 (check #541 for $205, check #543 for $320)
NSF check: -$460
Adjusted balance per bank statement: $3,750 ($4,000 - $65 + $900 - $525 - $460)
Balance per company's records:
Beginning balance: $3,200
Deposit in transit: +$350
Erroneously recorded check: -$450 ($500 - $50)
Deducted check: -$200
Adjusted balance per company's records: $2,900 ($3,200 + $350 - $450 - $200)
Adjusted Cash Balance:
To adjust the cash balance on Syncronics' books to the reconciled balance of $3,750, the following journal entry can be made:
Debit: Cash (increase) $850 ($3,750 - $2,900)
Credit: Accounts Receivable (decrease) $850
Alternatively, the T-account for Cash can be adjusted:
Beginning balance: $3,200
Add: Deposit in transit $350
Less: Erroneously recorded check -$500
Less: Deducted check -$200
Adjusted balance: $2,850
Then, the adjusting entry would be:
Debit: Cash (increase) $900 ($3,750 - $2,850)
Credit: Accounts Receivable (decrease) $900
Your company has just predicted that the organization will need more user experience (UX) designers to build its new line of products. You've been
tasked with human resource planning. What is your next step?
I have been given the task of planning human resources, particularly for the position of user-experience (UX) designers. Forecasting the external supply of UX designers is the next step.
What exactly is ERP (enterprise resource planning)?ERP is, at its core, an application that automates business processes, provides insights, and provides internal controls by collecting inputs from departments like accounting, manufacturing, supply chain management, sales, marketing, and human resources (HR). However, when the information required to carry out procedures and make crucial decisions is dispersed across a number of different systems, this becomes difficult. Representatives often have trouble finding the information they require and may require access to it entirely, regardless of whether the data is stored in important business executives' programming or calculation sheets. For instance, the accounting and FP&A teams might use distinct expense tracking spreadsheets.
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Suppose that Mimi plays golf 5 times per month when the price is $60 and 4 times per month when the price is $50. What is the price elasticity of Mimi’s demand curve?
Answer:
1.0
Explanation:
Last year Easton Corporation reported sales of $780,000, a contribution margin ratio of 40% and a net loss of $30,000. Based on this information, the break-even point was:
a. $705,000
b. $930,000
c. $810,000
d. $855,000
The break-even point for Easton Corporation was $855,000 (option d) is the correct answer.
Based on the information provided, the break-even point for Easton Corporation, we will first find the fixed costs and then use the contribution margin ratio to find the break-even point in sales.
Step 1: fixed costs.
We know that:
- Sales = $780,000
- Contribution Margin Ratio = 40%
- Net Loss = $30,000
Contribution Margin = Sales * Contribution Margin Ratio
Contribution Margin = $780,000 * 40% = $312,000
Now, we can find the fixed costs:
Fixed Costs = Contribution Margin - Net Loss
Fixed Costs = $312,000 - (-$30,000) = $342,000
Step 2: break-even point in sales.
Break-even point in sales = Fixed Costs / Contribution Margin Ratio
Break-even point in sales = $342,000 / 40%
Break-even point in sales = $855,000
Therefore, the break-even point for Easton Corporation was $855,000 (option d).
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Intel recently approached many customers and individuals chosen at random to participate in making its ads. People were asked to sing the Intel jingle in their own unique style. Those interested could also create their ads personally and post them on the Intel website, some of which were also aired on television. In this scenario, Intel used:
In this scenario, Intel used user-generated advertising as it chose customers to participate in making its ads.
User-generated content (UGC) is a term used in marketing to describe information produced by someone who isn't your company's official spokesperson. It might be a podcast, video, update on social media, etc. User-generated content is that which features your brand but was produced by third parties other than your employees or affiliates.
Any text, image, or video produced by real customers rather than by a brand is considered user-generated content. Even without interaction from the brand directly, UGC can take many different forms, from product reviews on your website to posts on social networking networks.
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is a broad statement of some desired endpoint. O a. consumer O b. contollable factor O c. Goal O d. Desire
Goal is a broad statement of some desired endpoint.
What is a goal?A goal is a vision of the future or desired outcome that an individual or group of people envisions, plans, and commits to achieve. Goals represent the choices and commitments you make to achieve something, to break a bad habit, to develop a beneficial habit, or to achieve more in different areas of your life.
Goals can be applied to different areas of our lives and can also be associated with time ranges. For example, life-related goals include personal development goals, career goals, education goals, health goals, family and relationship goals, spiritual goals, and social goals.
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Consider the following time series data.
Quarter Year 1 Year 2 Year 3
1 5 8 10
2 2 4 8
3 1 4 6
4 3 6 8
(a) Choose the correct time series plot.
(i)
(ii)
(iii)
(iv)
Plot (iv)
What type of pattern exists in the data?
Positive trend pattern, with seasonality
(b) Use a multiple regression model with dummy variables as follows to develop an equation to account for seasonal effects in the data: Qtr1 = 1 if Quarter 1, 0 otherwise; Qtr2 = 1 if Quarter 2, 0 otherwise; Qtr3 = 1 if Quarter 3, 0 otherwise.
If required, round your answers to three decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank (Example: -300). If the constant is "1" it must be entered in the box. Do not round intermediate calculation.
ŷ =
6.667
+
Qtr1 +
Qtr2 +
Qtr3
(c) Compute the quarterly forecasts for next year based on the model you developed in part (b).
If required, round your answers to three decimal places. Do not round intermediate calculation.
Year Quarter Ft
4 1
5.667
4 2
3.667
4 3
4.667
4 4
6.667
(d) Use a multiple regression model to develop an equation to account for trend and seasonal effects in the data. Use the dummy variables you developed in part (b) to capture seasonal effects and create a variable t such that t = 1 for Quarter 1 in Year 1, t = 2 for Quarter 2 in Year 1,… t = 12 for Quarter 4 in Year 3.
If required, round your answers to three decimal places. For subtractive or negative numbers use a minus sign even if there is a + sign before the blank (Example: -300).
ŷ =
6.667
+
-0.032
Qtr1 +
-4.688
Qtr2 +
-3.344
Qtr3 +
0.656
t
(e) Compute the quarterly forecasts for next year based on the model you developed in part (d).
Do not round your interim computations and round your final answer to three decimal places.
Year Quarter Period Ft
4 1 13
12.917
4 2 14
8.917
4 3 15
4 4 16
On the basis of the multiple regression model created in part, the quarterly prediction for Year 4, Quarter 1, is 7.667. (b).
What advantages can quarterly forecasts offer?The difference between a good quarter and a significant loss is sometimes determined by how precise the projection is. You will receive data from a quarterly forecast covering a three-month period. These figures contain revenue and profit projections so that you may understand the incomings and outgoings of your company and make more informed decisions.
What is a prediction for a year?For instance, if your forecast period is 12 months long, another month will be added when each one finishes. In this manner, your forecasts are always 12 months out. Rolling forecasts often include 12 forecasts or more.
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Which two of the following statements are true about Attribution reports?
Select All Correct Responses
A. App conversions and store visits are included in Attribution reports
B. App conversions and store visits are not included in Attribution reports
C. Attribution reports can help you estimate how changes to your attribution model might impact conversion reporting
D. Attribution reports can help you evaluate and optimize performance after you’ve changed your attribution model
B. App conversions and store visits are not included in Attribution reports of the following statements are true about Attribution reports.
What is revealed by an attribution report?The paths customers follow to complete conversions are displayed in attribution reports, which also offer insights into how your various advertising campaigns interact to produce conversions. You may check, for instance, whether some keywords helped with conversions that subsequently came about as a result of other keywords.
Store visits and app conversions are excluded from Attribution reports. You can make an educated guess about how adjustments to your attribution model would affect conversion reporting using attribution reports. After changing your attribution model, attribution reports can aid in performance evaluation and optimization.
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global corporation distributed property with an $658,500 fair market value and a $362,175 adjusted basis to one of its shareholders. the property was subject to a $199,196 mortgage, which the shareholder assumed. global has ample e & P to cover any distribution made during the year. What is the amount of the shareholder's dividend income on the distribution? What is the shareholder's basis in the property received?
1. Calculation of the amount of shareholders' dividend Income on the distribution are as follows:
Gross dividend income = Fair market of distributed property - Mortgage of property
= $658,500 - $199,196 = $459,304
Thus, the amount of the shareholders' dividend income on the distribution was $459,304.
2. Calculations of shareholders' basis in one property received are as follows:
Basis in one property = Fair market value of the distributed property
= $658,500
Thus, the shareholder's basis in the property received is $658,500.
Even though Worldwide has sufficient income and benefits to disseminate profits it probably won't have sufficient money accessible to do as such. This way the organization is satisfying its commitments to its investor while not utilizing its cash reserves.
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Your credibility is affected by your attention to detail while completing business messages. In view of the above statement.
a. Highlight the importance of proofreading your documents with any 4 time-tested techniques.
b. In order to make your content mobile-friendly what are the key aspects you need to focus on?
Being trustworthy equates to having credibility. The audience is invested in the speaker's credibility when they deliver a speech in public.
What factors can influence a communication's credibility?The speaker, communicator, and presenter must exhibit the following seven qualities in order to be taken seriously: poise, cohesion, charisma, character, competence, compassion, and commitment.
What does a credibility statement mean?A statement of credibility explains to the audience why you are qualified to give this speech, whether by personal experience or education. For example, you may tell the audience that you have studied the topic in depth or that you have worked in a relevant field.
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Assuming that firms maximize profits, how will the price and output policy of an unregulated monopolist compare with ideal market efficiency? (More than one answer is correct.)
a. The output of the monopolist will be too large and the price too high, compared to ideal market efficiency.
b. The output of the monopolist will be too small and the price too low, compared to ideal market efficiency.
c. The output of the monopolist will be too small and the price too high, compared to ideal market efficiency.
d. The monopolist’s price will be too high, but the impact of monopoly on the output is indeterminate.
e. The unregulated monopolist will be in a position to charge a price greater than its ATC of production in the long-run.
c. The output of the monopolist will be too small and the price too high, compared to ideal market efficiency.
e. The unregulated monopolist will be in a position to charge a price greater than its ATC of production in the long run.
Assuming that firms maximize profits, the output of the monopolist will be too small and the price too high, compared to ideal market efficiency, and the unregulated monopolist will be in a position to charge a price greater than its ATC of production in the long run. What is a monopoly? A monopoly refers to a market situation in which there is just one seller, and the seller is therefore a price-maker. In a monopoly, entry is restricted, and the seller can control the price and quality of the commodity, for example. It can charge high rates and supply a small quantity of the commodity, resulting in a reduction in social welfare. Therefore, a monopoly is not an ideal market efficiency in any way. It is inefficient and tends to have higher prices and lower output than a perfectly competitive market. In the case of a monopolist, since it has no rivals, it can restrict output and increase prices. It can also use its market power to restrict the entry of new firms.
A monopolist has an incentive to restrict output because, as the sole supplier, they can charge a higher price than a competitive market. The price, however, will be higher than what would have been charged in a competitive market. Therefore, the output of the monopolist will be too small, and the price will be too high, compared to ideal market efficiency. Therefore, option C is the correct answer, and the answer e is also correct because the unregulated monopolist will be in a position to charge a price greater than its ATC of production in the long run.
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Garden Pro Corporation has sales of $4,951,983; income tax of $482,096; the selling, general and administrative expenses of $201,163; depreciation of $307,857; cost of goods sold of $2,779,882; and interest expense of $170,946. Calculate the firm’s net income?
$1,010,039 will be the firm’s net income at sales of $4,951,983 and income tax of $482,096.
To calculate the net income of Garden Pro Corporation, we need to subtract all expenses from the total sales revenue:
Net Income = Sales Revenue - Cost of Goods Sold - Selling, General and Administrative Expenses - Depreciation - Interest Expense - Income Tax Expense
Substituting the values given in the question:
Net Income = $4,951,983 - $2,779,882 - $201,163 - $307,857 - $170,946 - $482,096
Net Income = $1,010,039
Income tax is a tax levied on the income of individuals and businesses by the government. The tax is calculated as a percentage of the income earned and is used to fund government programs and services. Income tax rates and rules vary across countries, and taxpayers are required to file tax returns annually.
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Write a formula to return the first three characters in the last three characters in cell J one and excel
Use the Excel formula =LEFT(J1,3)&RIGHT to retrieve the first three characters and the final three characters from cell J1.(J1,3)
What Excel formula delivers characters in a cell that come after a certain character?The delimiter, which can be any character or substring, is returned by the Excel TEXTAFTER function. You can select the target occurrence if the delimiter occurs more than once.
What formula yields the character count?Enter =LEN(cell) in the formula bar and hit Enter on your keyboard to invoke the function. Multiple cells: Enter the formula in the first cell and then drag the fill handle down (or across) the range of cells to apply it to further cells.
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During which waterfall phase does the project manager bring the full team on board and orient them to the project and expectations?
Answer:
The Waterfall methodology is a sequential project management approach, where stakeholder and customer requirements are gathered at the beginning of the project, and then a sequential project plan is created to accommodate those requirements. Each phase of the project cascades into the next, following steadily downward like a waterfall.
However, I couldn’t find specific information about when exactly during the Waterfall phases the project manager brings the full team on board and orients them to the project and expectations. It may vary depending on the specific project and team.
On 1 July 2020 Tom bought a machine for P15, 500. He depreciates machinery at a rate of 20% per annum on the reducing balance basis. A full year’s depreciation is charged in the year an asset is purchased. His year end is 31 October. Required: a. Calculate the depreciation charge on the machine for the year to 31 October 2022. (6 marks) b. Identify three reasons why an asset may be depreciated. (3 marks)
The depreciation charge on the machine for the year to 31 October 2022 will be P4,464.
What is the depreciation charge on the machine?As the machine was purchased on 1 July 2020 and Tom's year-end is 31 October, the machine has been in use for two full years (from 1 July 2020 to 30 June 2021 and from 1 July 2021 to 31 October 2022).
As full year's depreciation is charged in the year of purchase, the initial depreciation charge would be 20% of P15,500 which will give us P3,100.
For the first year ending 31 October 2021. The remaining value of the machine is:
= P15,500 - P3,100
= P12,400.
Therefore, the depreciation charge for the first year is 20% of P12,400, which is P2,480.
For the second year ending 31 October 2022, the remaining value of the machine is:
= P12,400 - P2,480
= P9,920.
Therefore, the depreciation charge for the second year is 20% of P9,920, which is P1,984.
The total depreciation charge for the machine for the year to 31 October 2022 is:
= P2,480 + P1,984
= P4,464.
What are reasons why an asset may be depreciated?To reflect the decrease in an asset's value over time due to wear and tear, obsolescence, or other factors.To spread the cost of an asset over its useful life, rather than expensing the full cost in the year of purchase.To comply with accounting standards and principles, which require companies to accurately reflect the value of their assets in their financial statements.Read more about depreciation
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