The three choices that are declared as Quincy's assets are cash, stocks, and jewelry.
What are assets?Assets are items or properties that you own, and that is valuable to you. Liabilities are things that you have to pay for as a result of you using something.
So, having that in mind, Quincy's liabilities are rent, student loans, and utilities, whereas his assets are cash, stocks, and jewelry.
He gets cash when he finishes his work, he gets money from stocks, and he has the jewelry that he either bought or got as a gift that he can sell for money.
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Answer:
Quincy's assets are cash, jewelry, and stocks as they are the properties that she can sell when she is in need of funds while student loan and utilities are her liabilities.
What are Assets?
The monetary resources that provide benefits in the upcoming years are called Assets. It can be acquired for a shorter term, known as current assets, or for a longer term known as non-current assets.
Analysis of assets and liabilities as follows:
Cash is a current asset that is used to acquire all the fixed assets.Jewelry and stocks are assets that can be exchanged for cash by disposing of them.A student loan is a non-current liability as it has to be paid by her after a period of more than a year.Utilities are a current liability as it has to be reimbursed by her within a period of one year.Therefore, the cash, stocks, and jewelry are considered to be the assets of Quincy out of the provided assets and liabilities,
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Carla Vista Co. issues $290,000, 20-year, 9% bonds at 103. Prepare the journal entry to record the sale of these bonds on June 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
These bonds issued by Carla Vista at 103 with par value $290,000 with a 20 year maturity period will be recorded as:
Date Account title Debit Credit
June 1, 2022 Cash $298,700
Bonds Payable $290,000
Premium on Bonds Payable $ 8,700
How do we record the sale of bonds?First find the cash which is:
= Par value x 103
= 290,000 x 103/100
= $298,700
The Premium will be:
= Cash - Par value
= 298,700 - 290,000
= $8,700.
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Consider the wealth effect, interest rate effect, and international trade effect. Of these, the ________ effect is the most significant and the ________ effect is the least significant.
Consider the wealth effect, interest rate effect, and international trade effect. Of these, the wealth effect is the most significant and the international effect is the least significant.
What is the wealth effect?This is the theory that states that people spend more money on commodities as they experience an increase in their wages.
What is the international effect?This is the theory that the given differences that exist in nominal interest rate of countries is useful for prediction of changes in interest rate.
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Cash inflows and outflows related to bonds payable and long-term notes payable are reported on which section of the statement of cash flows?.
Cash inflows and outflows related to bonds payable, and notes payable are reported in the financing activities section of the statement of cash flows.
What are financial activity?Financial activities are series of events a company or firm undertakes.
This events helps to achieve a particular goal and objective.
Activities include cash inflow and outflow and also expenses.
Therefore, Cash inflows and outflows related to bonds payable, and notes payable are reported in the financing activities section of the statement her of cash flows.
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How long is most information retained on a credit report?.
Answer:
So, in general, most items reported to the credit bureaus fall off between two and ten years after they’re first reported.
Explanation:
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Which is an example of an income deduction? an unexpected salary cut wages lost due to illness vacation budget retirement savings
Retirement savings are among the examples of income deduction and Option D is correct.
What is Income deduction?Income deduction can be defined as the amount that is being deducted transparently from the actual income before the income comes in hand and is allocated in other reserves that are utilized for various benefits.
Retirement savings, income tax, medicare, and many more are some of the examples of Income deduction.
Retirement savings are funds deducted transparently and consistently from the income for a long period of time and is returned to the employee during the time of retirement.
Therefore, Retirement savings are among the examples of income deduction and Option D is correct.
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Answer:
the answer is D
trust me
Derby Phones is considering the introduction of a newmodel of headphones with the following price and cost characteristics. Sale price----$285 per unit, variable costs--140 per unit, and fixed costs 348,000 per month. What number must Derby sell to make an operating profit of $159,500 for the month
The units of headphones that must be sold to have an operating profit of $159,500 is 3497.
What is the units sold that would yield an operating profit of $159,500?
Operating profit is total profit that is earned from the daily business operations of a business. Operating profit is total revenue less fixed cost and variable cost.
How many units must be sold to have an operating profit of $159,500 = operating profit + fixed cost / (selling price - variable cost)
(159,000 + $348,000) / (285 - 140) = 3497
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President george washington instituted a tax on what alcohol product?.
Answer:
New England run and frontier whiskey
List the four steps in preparing a statement of cash flows in the correct order.
The statement of Cashflow is the part of Financial statements that are published in the annual report and is usually checked and analyzed by the stakeholders.
What is Financial Statements?Financial statement is the set of information that is presented in the Annual report by a Company to its shareholder, and other stakeholders such as, suppliers, customers, financial institutions, government and potential shareholders.
The steps of Cash Flow
Identify Net EarningAdjust operating activities in these earnings by adding back non cash flow expenses for example depreciationAdjust Investing activities in the above Finally adjust the Financial activities in the aboveThe final of these will represent the net cash generated or lost for the period by a company.
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The AD curve will shift to the right: because of the wealth and interest rate effects. if the government increases taxes paid by households. if household wealth increases. if the aggregate price level increases.
Explanation:
The aggregate demand curve, or AD curve, shifts to the right as the components of aggregate demand—consumption spending, investment spending, government spending, and spending on exports minus imports—rise. The AD curve will shift back to the left as these components fall.
A mortgage banker operating as a correspondent lender typically does not have his own funds to lend, so he establishes a line of credit with commercial banks that is called
A mortgage lender is a mortgage banker operating as a correspondent lender who establishes a line of credit with commercial banks.
What is mortgage lender?A mortgage lender serves as a financial institution which offers and underwrites home loans.
These mortgage Lenders posses some specific borrowing guidelines and they do establishes a line of credit with commercial banks.
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The information that is shared in the communication process is called the ______.
Answer:
The answer is The Message.
Explanation:
The information that is shared in the communication process is called the The Message.
How much of each message conveyance a business owner uses to sell his or her product as well as his or her objective in using each one is known as
Promotional mix is is the message conveyance that a business owner uses to sell his or her product .
What is promotional mix?A promotional mix involves using marketing methods such as advertising, sales, public to achieve marketing goal.
The promotional mix is important to increase sales and to get larger marketing mix.
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The Golden Rule is the idea that we should interact with other people in a manner consistent with the way we would like them to interact with us. True or False
Answer:
it is true
Explanation:
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What type of protection does U.S law grant the creator of a book, film, or piece of music
A) A public franchise, which grants the exclusive right to use the creation during the creator's lifetime and to his or her heirs for 70 years after the creator's death.
B) A copyright, which grants the exclusive right to use the creation during the creator's lifetime and to his or her heirs for 70 years after the creator's death.
C) A copyright, which grants exclusive rights to the creator for 20 years after the work is created.
D) A patent, which grants the exclusive right to use the creation during the creator's lifetime and to his or her heirs for 70 years after the creator's death.
The type of protection that the U.S law would grant the creator of a book, film, or piece of music is: Option B.
What is copyright law?Copyright law can be defined as a set of formal rules and regulations that are granted by the government to protect an intellectual property (IP), especially by giving the creator or original author (owner) an exclusive right to use during his or her lifetime, while preventing any unauthorized access, unlawful use or duplication by other parties.
This ultimately implies that, a copyright grants a creator the exclusive right to use the creation during his or her lifetime, as well as to the creator's heirs for 70 years after the creator's death.
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There is one order outstanding, to make 80 frame kits. There are 200 legs in inventory. What is the net requirement for the Fastener set
If there are 200 legs in inventory. The net requirement for the Fastener set is 440.
Net requirementA- Frame=80
For each frame 2 side brace are needed and 4 legs are needed
Side brace=2×80=160
Legs=(4 per units×80)-200=120
For each frame 2 fastener are needed and 1 legs are needed
Net requirement=160×2+120×1
Net requirement=320+120
Net requirment=440
Therefore the net requirement for the Fastener set is 440.
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Arranging tasks, people, and other resources to accomplish the work is known as the _____ function of management.
Arranging tasks, people, and other resources to accomplish the work is known as the organizing function of management.
What is management?This is a process that is used in the business place or other spheres of life on the planning and execution of tasks in the work place.
The organizing function is the aspect that has to do with the arranging of tasks in the workplace.
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To determine the scope of a bookkeeping clean-up engagement, you are reviewing the client overview tab for a potential client. You notice that there is a large amount in the opening balance equity account.
To determine the book-keeping clean-up engagement the clients' inventory set-up process, current asset account, and importing customer data are reviewed.
How do you determine the scope of a bookkeeping clean-up engagement?To figure out how big a bookkeeping clean-up job is, do the following:
1. During the setup procedure, the opening balance for an inventory item was entered.
2. When creating an Other Current Asset account, the client entered an Opening Balance.
3. When utilizing the Import data tool to import customers, opening balances were included.
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Marquis quits his job as a security consultant, which paid an annual salary of $65,000, and opened his own security company. He used $40,000 of a mutual fund that paid a 4% annual interest rate to buy a truck. In his first year of operation, he spent $100,000 on equipment and licensing and earned a total revenue of $210,000. Marquis's accounting profit is _____, and his economic profit is _____.
From the calculations that have been done in this question, Marquis's accounting profit is 108,400, his economic profit is 43,400
How to solve for Marquis's accounting profitFormula for Accounting profit
TR - Total explicit cost - Interest
= 210,000 - 100,000 - 40,000 * 4%
= 108,400
Therefore the total accounting cost is 108,400
How to solve for Marquis's economic profitFormula = TR - Total explicit cost - Interest - Total implicit cost
= 210,000 - 100,000 - 40,000 * 4% -65,000
= 43,400
Therefore the total economic profit is given as $43,400
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A firm offloads some of its production costs to 3rd parties. This would contribute to market failure because:
When a firm offlaods some of its production costs to 3rd parties, it contributes to market failure becaue it leads to negative externality.
What is negative externality?
A firm generates negative externality when the cost of the production activities is greter than the benefits to third parties not involved in production. An example of an activity that generates negative externality is pollution.
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One of the advantages corporations have that sole proprietorships do not is.
Explanation:
cooperative societies have combined aids with proper investment and stock maintainace and if there is a loss the whole of the investors bear it whilst sole proprietorship is a one man business he bears all the gains and losses
The primary difference between a static budget and a flexible budget is that a static budget.
The key difference between the static budget and the flexible budget The static budget uses the original volume forecasted.
What is difference between the static budget and the flexible budget?It should be noted that the flexible budget is usually been updated base on the actual volume compare to the static budget.
In this case, The static budget uses the original volume forecasted.
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Margaret isn't ready to buy jill's property, but she pays jill a fee that guarantees she'll be notified if another buyer appears. If another buyer does make an offer, margaret has the opportunity to purchase at the price and terms of the offer. Margaret has a(n) ______ on jill's property
What this means is that Margaret has a Right of first refusal on Jill's property,
What is Real Estate?This refers to the buying and selling of properties and how the ownership is transferred.
Hence, because Margaret has made a down payment on the property which gives her the chance to buy the property if there is no counteroffer, then this means that Margaret has a Right of first refusal on Jill's property,
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2. How has the growing interpretation of earmarks and other budget allocations as corruption influenced the way congresspeople work
The way that the growing interpretation of earmarks and budget allocations have influenced the work of congress people is by:
Having well defined electoral bases which are location specific.How doe this budget allocations affect congress?It helps to create well defined and specific electoral bases.It also creates location specific projects.All of these help to ensure that benefits are visible and infrastructure spending are done on given projects.
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f the market price is $5, the firm will earn a. negative economic profits in the short run but remain in business. b. zero economic profits in the short run. c. positive economic profits in the short run. d. negative economic profits and shut down.
Given the information, the firm will earn a negative economic profits in the short run but remain in business if the market price is $5.
What is a negative economic profits?This is an recorded profit that occurs when the cost of equity capital exceeds the accounting profit in a firm.
Hence, as its records a negative economic profit. the firms have the cause to leave the market because since its resources would be more profitable elsewhere.
Therefore, the Option A is correct.
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horeline Supply offers their customers trade credit with terms 2/15 net 30. This implies that Multiple Choice paying within 30 days will let a customer deduct 15% off the invoice price. Shoreline's customers have very little incentive to pay within the discount period. most customers will pay their bill within 2 days in order to take the maximum discount. the annual financing cost of failing to pay within 15 days is about 48%.
The most suitable option is that Company S's customers have very little incentive to pay within the discount period, that is, a 2% of discount is allowed to customers of Company S on paying within 15 days of the discount period.
What is a cash discount?A cash discount is an incentive or rebate allowed to the customers on a receivable amount to be paid within a specified period. It is usually allowed to get prompt payments from the customers.
The credit term provided by Company S is 2/15, net 30 which means a 2% discount is provided to customers if they make the payment within 15 days, and after 15 days the discount period expires and they have to pay the full amount within the period 30 days.
Therefore, the customers of Company S have a very minimal amount of incentive on paying within the discount period.
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List six goods and services that most students own or use and discuss promotional techniques that prompt you to buy them: advertising, personal selling, social media, publicity, sales promotion, or word of mouth. Which seems most effective and why
Answer:
vacation cruise
makeup
junk food
play station games
phones
clothes
social media or publicity
Explanation:
The method to be more effective would be the one that reaches the most students. As of now, most students have phones and would be very active on social media. Usually when someone sees their favorite influencer, celebrity buy something or advertise something, they would be pushed to be like them and buy that same product. Therefore, the most effective means would be most likely social media or publicity
Hector, a manager at Roseland Corp., recently illustrated __________ by promoting two employees because their performance had greatly improved.
Hector, a manager at Roseland Corp., recently illustrated positive reinforcement by promoting two employees.
What is positive reinforcement?Positive reinforcement can be defined as the way of rewarding someone by making use of reinforcer as this will help to encourage the person to keep putting in their best in what they do.
The manager use using positive reinforcement on his employee by promoting them because they perform well on their job. Doing this will encourage the employee to more productive.
Therefore, the manager at Roseland Corp., recently illustrated positive reinforcement by promoting two employees.
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An example of policies designed to encourage new local industries serving the domestic market would be subsidizing imports to the domestic market. removing all trade restrictions and price supports. imposing import tariffs or otherwise restricting imports. taxing exports of manufactured goods.
Policies designed to encourage new local industries serving the domestic market would be C. imposing import tariffs or otherwise restricting imports.
What are import restrictions?Import restrictions are trade protective policies enunciated to protect companies and workers in a home economy from foreign competition.
As a trade barrier, import restriction restricts the importation of goods and services produced in foreign countries so that local industries could survive and become internationally competitive.
Thus, an example of policies designed to encourage new local industries serving the domestic market would be C. imposing import tariffs or otherwise restricting imports.
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In addition to advertising, MasterCard used competitions to build excitement and encourage use of the card. These competitions are a form of
As MasterCard uses competitions to build excitement and encourage use of the card, such competition serves belong to a form of sales promotion.
What is sales promotion?In marketing, this is a strategy that business uses to offer to increase interest or demand in its product or service.
Hence, as uts uses competitions to build excitement and encourage use of the card, it is a form of sales promotion.
In conclusion, the aim of sales promotion is to continue to induce potential customer to patronize their product or service.
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Susan had to go buy school supplies. While she was out, she decided to buy some new items for her bedroom as well. her credit limit is $200, and she only spent $180 for these purchases. She had a balance of $75 which she did not pay the previous month. Which term applies to this situation?
Answer: Over the limit fee
Explanation: This is because since she did not pay the 75 dollars the previous month it rolls over to this month in which she has already spent 180 dollars and her limit is 200 dollars so adding 75 to that 180 dollars would be over the limit, so she would have to pay a fee.