i. Define partnership and explain the importance of the business in Pakistan.
ii. If the profit earned during the last five years Rs. 92,000, Rs. 81,000,
Rs 75,000 and Rs. 70,000. Calculate the value of good will, under the average profit method and 4-years purchase of the average profits of the last five years?

Answers

Answer 1

Partnership is where two or more equally operate a business and share in its profit and loss.

The value of the good will is Rs. 254,400.

What is partnership?

i. Partnership is a type of business structure where two or more individuals come together to operate a business with the goal of making a profit. Partners share the responsibilities, liabilities, and profits of the business. Partnerships are an important form of business in Pakistan as they provide an opportunity for individuals to come together and pool their resources, skills, and expertise to start and run a business. Partnerships can also reduce the risk of business failure, as partners share the financial burden of the business and can provide support and guidance to one another.

ii. To calculate the value of goodwill using the average profit method:

Add up the total profits from the last five years: 92,000 + 81,000 + 75,000 + 70,000 = 318,000

Divide the total profits by the number of years: 318,000 / 5 = 63,600

Multiply the average profits by the number of years of purchase, in this case 4: 63,600 * 4 = 254,400

So, the value of goodwill under the average profit method and 4-years purchase of the average profits of the last five years is Rs. 254,400.

Read more on partnership here: https://brainly.com/question/25012970

#SPJ1


Related Questions

On January 1, 2021, Tiny Tim Industries had outstanding $1,000,000 of 12% bonds with a book value of $967,000. The indenture specified a call price of $983,500. The bonds were issued previously at a price to yield 14% and interest payable semi-annually on July 1 and January 1. Tiny Tim called the bonds (retired them) on July 1, 2021. What is the amount of the loss on early extinguishment

Answers

Answer:

$8,810

Explanation:

Calculation for What is the amount of the loss on early extinguishment

First step is to calculate the Call price of bond

Call price of bond=$967,000 + ($967,000*(14%/2)) - ($1,000,000*(12%/2))

Call price of bond= $967,000 + ($967,000*7%) - ($1,000,000*6%)

Call price of bond=$967,000+$67,690+$60,000

Call price of bond= $974,690

Now let calculate the Amount of loss on early extinguishment

Amount of loss on early extinguishment = $983,500 - $974,690

Amount of loss on early extinguishment = $8,810

Therefore Amount of loss on early extinguishment will be $8,810

The following accounts and account balances are available for Badger Auto Parts at December 31, 2019:
Accounts Payable $8,500 Income Taxes Payable $3,600
Accounts Receivable 40,800 Interest Expense 6,650
Accumulated Depreciation (Furniture) 47,300 Interest Payable 1,800
Advertising Expense 29,200 Inventory 60,500
Cash 3,200 Notes Payable (Long
-Term) 50,000
Common Stock 100,000 Prepaid Rent 15,250
Cost of Goods Sold 184,300 Retained Earnings,
12/31/2018 15,900
Depreciation Expense (Furniture) 10,400 Sales revenue 264,700
Furniture 128,000 Utilities expense 9,700
Income Taxes Expense 3,800
Required:
Prepare a trial balance. Assume that all accounts have normal balances.

Answers

Answer:

Answer is solved and explained in the explanation section below.

Explanation:

In this question, we are asked to prepare a trial balance assuming that all accounts have normal balances. And the purpose of making a trial balance is to make sure that the entries in the system are mathematically sound.

So,

Badger Auto Parts                                         Debit                Credit

Accounts payable                                                                   $8,500

Accounts receivable                                    $40,800

Accumulated depreciation (furniture)                                    $47,300

Advertising expense                                    $29,200

Cash                                                              $3,200

Common stock                                                                        $100,000

Cost of goods sold                                       $184,300

Depreciation expense (furniture)                $10,400

Furniture                                                       $128,000

Income tax expense                                    $3,800

Income tax payable                                                                 $3,600

Interest expense                                          $6,650            

Interest payable                                                                       $1,800

Inventory                                                       $60,500

Notes payable                                                                         $50,000

Prepaid rent                                                  $15,250

Retained earnings                                                                   $15,900

Sales revenue                                                                          $264,700

Utilities expense                                           $9,700

Totals                                                            $491,800         $491,800

Journalize the following transactions for Cullumber Company.

Sept. 1 Purchased supplies for $1,020 cash. 5 Paid $410 cash dividend to stockholders.
7 Received $5,500 down payment from customer for services to be provided in the future.
16 Received $770 cash from a previously billed customer for payment of services provided in the prior month.
22 Purchased equipment for $3,000 by paying $1,100 cash and issued a note payable for the balance.

Answers

Answer and Explanation:

The journal entries are shown below

On Sept 1

Supplies Dr $1,020

    To Cash $1,020

(being supplies purchased in cash)

On Sept 5

Dividend Dr $410

   To cash $410

(being cash dividend is paid)

On Sept 7

cash Dr 5,500

   To Unearned service revenue  $5,500

(being cash collection is recorded)

On Sept 16

Cash Dr $770

  To Account receivable $770

(being cash collection is recorded)

On Sept 22

Equipment Dr $3,000

         To cash $1,100

         To Note payable $1,900

(being equipment purchased is recorded)

Dodie Company completed its first year of operations on December 31. All of the year's entries have been recorded except for the following:

a. At year-end, employees earned wages of $4,000, which will be paid on the next payroll date in January of next year.
b. At year-end, the company had earned interest revenue of $1,500. The cash will be collected March 1 of the next year.

Required:
a. What is the annual reporting period for this company?
b. Identify whether each transaction results in adjusting a deferred or an accrued account. Using the process illustrated in the chapter, prepare the required adjusting entry for transactions ( a ) and ( b Include appropriate dates and write a brief explanation of each entry.
c. Why are these adjustments made?

Answers

Answer:

a. What is the annual reporting period for this company?

January to December

b. Identify whether each transaction results in adjusting a deferred or an accrued account. Using the process illustrated in the chapter, prepare the required adjusting entry for transactions ( a ) and ( b Include appropriate dates and write a brief explanation of each entry.

a. At year-end, employees earned wages of $4,000, which will be paid on the next payroll date in January of next year.

Dr Wages expense 4,000

    Cr Wages payable 4,000

Accrued expense

b. At year-end, the company had earned interest revenue of $1,500. The cash will be collected March 1 of the next year.

Dr Interest receivable 1,500

    Cr Interest revenue 1,500

Accrued revenue  

c. Why are these adjustments made?

Even though the wages will be paid during January, the expense was incurred during December, therefore, the liability and the expense must be recorded. The interest will be collected in March, but it was earned during the past year.

find three examples of managers
you would describe as master managers. Write a paper describing these individuals
as managers and why you think they deserve this title.
ms​

Answers

Answer:

All managers must be comfortable with three main types of activities or roles. To do their jobs, managers assume these different roles. No manager stays in any one role all of the time, but shifts back and forth. These roles are leadership (or interpersonal), informational, and decision making.

Explanation:

Hope it helps kahit na ndi ko na sagot ung main question.

The three examples of managers that we would describe as master managers are advertisement manager, accounting manager and analytics manager. The roles of managers  are leadership, informational, and decision making.

What is an information?

An information refers to something that has the power to inform. At the most fundamental level information pertains to the interpretation of that which may be sensed.

The digital signals and other data use discrete signs or alogrithms to convey information, other phenomena and artifacts such as analog signals, poems, pictures, music or other sounds, and the electrical currents convey information in a more continuous form.

Information is not knowledge itself, but its interpretation is important. An Information can be in a raw form or in an structured form as data. The information available through a collection of data may be derived by analysis by expert analysts in their domain.

Learn more about information here:

brainly.com/question/27798920

#SPJ5

Functions of money and barter
Consider an economy in which money does not exist, so that agents rely on barter to carry out transactions. When the economy was small, barter seemed sufficient. However, the economy has now begun to grow. If people in this economy trade three goods, the price tag of each good must list ______prices, and the economy requires______prices for people to carry out transactions. Suppose that the number of goods people trade increases to 15. Then the price tag of each good must list ______prices, and the number of prices that the economy requires increases to_____.
Now suppose that our economy has a money. The government now issues a national currency and there is no longer any barter. In this economy, money and currency are the same because:
1. Just because the government issues currency does not mean that the currency will be accepted as money, since it must be used as a medium of exchange, store of value and standard of value.
2. The fact that the government issues currency means that the currency will be accepted as money by all agents.
3. The fact that the currency is backed by the government means that it will never lose value and will remain a perfect unit of account.
4. Just because the government issues currency does not mean that the currency will be accepted as money, and buyers and sellers still need barter to ensure that money does not lose its value.
Suppose now that our economy is suffering from rapid, ongoing increases in the cost of living. Which characteristic of money is directly negatively impacted in that economy?
1. Medium of exchange.
2. Double coincidence of wants.
3. Store of value.
4. Unit of account.

Answers

Answer:

a. 9 prices

b. 9 prices

c. 225 prices

d. 225

e. 2. The fact that the government issues currency means that the currency will be accepted as money by all agents.

f. The characteristic of money that is directly negatively impacted in that economy by the rapid, ongoing increases in the cost of living is the:

3. Store of value.

Explanation:

Before the advent of money or currency, the system of exchanging goods and services between two people was the barter system.  This system relies on the exchange of goods and services that are required by one person if she can find another person who has the goods or services and is willing to accept or actually needs the goods or services that the first person has.  It was a complicated marketplace that involves locating the other party in the barter transaction.

Concord Company purchased equipment for $25200 on December 1. It is estimated that annual depreciation on the equipment will be $6300. If financial statements are to be prepared on December 31, the company should make the following adjusting entry:
Debit Depreciation Expense, $6300;
Credit Accumulated Depreciation, $6300.
Debit Depreciation Expense, $525;
Credit Accumulated Depreciation, $525.
Debit Equipment, $25200;
Credit Accumulated Depreciation, $25200.
Debit Depreciation Expense, $18900;
Credit Accumulated Depreciation, $18900.

Answers

Answer:

Debit Depreciation Expense, $525;

Credit Accumulated Depreciation, $525.

Explanation:

Based on the information given in a situation where the financial statements are to be prepared on December 31, which means that the company should make the following adjusting entry:

Debit Depreciation Expense, $525

Credit Accumulated Depreciation, $525

Calculated as:

Debit depreciation expense $6,300/12

Debit depreciation expense=$525

Assuming that turkey chicken pork and beef are substitues supppose that the price of turkey had fallen. This will, other things being equal

Answers

wait where did the turkey fall?

Decision Point: International Market Analysis You've done a considerable amount of research and have determined the follöwing Approximately 75% of the population in Ethiopia does not have electricity. Approximately 55% of the population in Nigeria does not have electricity. Nearly 40% of the population in Bangladesh does not have electricity. Nearly 25% of the population in Indonesia does not have electricity. Approximately 25% of the population in India does not have electricity. * Yoè recognize, however, that it would be wise to consider the population of those countries before determining which market(s) would have the greatest potential for your products, so you obtain that information as well. Your research reveals the following population estimates: .
Population of Ethiopia: 102,000,000 .
Population of Nigeria: 187,000,000 .
Population of Bangladesh: 163,000,000
Population of Indonesia: 260,000,000
Population of India: 1,327,000,000
Based on the information presented above, calculate the number of people in each country who do not have access to electricity.

Answers

Answer and Explanation:

The computation is shown below:

Country  Total population  % without electricity  No. of people without electricity

Ethiopia         102,000,000     75%                          76,500,000

Nigeria          187,000,000      55%                         102,850,000

Bangladesh  163,000,000      40%                         65,200,000

Indonesia     260,000,000     25%                         65,000,000

India             1,327,000,000   25%                         331,750,000

The number of people in each country who do not have access to electricity will be:

Ethiopia = 76,500,000Nigeria = 102,850,000Bangladesh = 65,200,000Indonesia = 65,000,000.India = 331,750,000.

In Ethiopia, the number of people without electricity will be:

= 75% × 102000000 = 76500000

In Nigeria, the number of people without electricity will be:

= 187000000 × 55% = 102850000

In Bangladesh, the number of people without electricity will be:

= 163000000 × 40% = 65200000

In Indonesia, the number of people without electricity will be:

= 260000000 × 25% = 65000000

In India, the number of people without electricity will be:

= 1327000000 × 25% = 331750000

Read related link on:

https://brainly.com/question/15183149

Annie, a professor of management studies, wants to organize a collaborative project with her students to help them understand various aspects of marketing. She writes down the project goal in a circle in the center of a large sheet of paper. She and her students then brainstorm to identify the tasks that must be done to achieve the goal. She asks the students to write each task in a circle on the sheet and draw lines connecting the various circles. In this scenario, Annie is using a process called:

Answers

Answer:

Mind mapping

Explanation:

Mind mapping is commonly known as a graphic technique. It is used simply for showing or representing ideas, simply by using words, images, symbols, and color. It is patterns based and found in nature and research on how humans think and use their minds. It used to articulate and capture thoughts, ideas, and information as it is a connected relationships that uses structure and logic to thoughts, ideas, and information.

Furthermore, it it characterized by a central main idea, secondary ideas (or topics), also has other many layers of ideas (or sub-topics) importantly to fully capture and articulate the concept.

Decision making is often a biased and flawed process. This activity is important because a person who can identify and be aware of their biases may be able to make better decisions for themselves and may be able to diagnose flawed decisions that affect their workplace.The goal of this exercise is to test your knowledge of the nine fundamental decision-making biases.Availability BiasRepresentativeness BiasSunk-Cost BiasAnchoring and Adjustment BiasConfirmation BiasOverconfidence BiasHindsight BiasFraming BiasEscalation of Commitment BiasFirst, hover over each name and read the scenario. Next, click and drag each name into the appropriate area in the chart to correspond with the decision-making bias its scenario best represents.

Answers

Answer:

Availability Bias(Amber)

Representativeness Bias(Logan)

Sunk-Cost Bias(Katrina)

Anchoring and Adjustment Bias(Sue)

Confirmation Bias(Mike)

Overconfidence Bias(Bill)

Hindsight Bias(Kathy)

Framing Bias(Allison)

Escalation of Commitment Bias(Patrick)

Explanation:

Bias can as well be regarded as cognitive bias, it can be explained as tendency that comes in when making decisions or taking actions in ways that are illogical.It should be noted Decision making can often be biased as well as flawed process.

The fundamental decision making bias are been listed below as;

1)Availability Bias

2)Representativeness Bias

3)Sunk-Cost BiasAnchoring

3)Adjustment Bias

4)Confirmation Bias

5)Overconfidence Bias

6)Hindsight Bias

7)Framing Bias

8)Escalation of Commitment Bias

Mercedes-Benz runs a TV commercial advertisement that displays one of its top-of-the-line cars. As the driver pulls up to a valet, people turn their heads and stare at the car. Mercedes-Benz has effectively leveraged which need in Maslow’s hierarchy?

Answers

Answer:

esteem

Explanation:

esteem

Manufacturers of large equipment such as aircraft and ships and companies involved in road construction have jobs that may require two or more years for completion. For example, Boeing Corporation might have an order for 50 aircraft for a particular airline, and the order will extend over a three- to five-year period. Aircraft are delivered as completed, but not in a batch of 50 at one time. In the typical fashion, the overhead application rate must be calculated and applied in such a way that each aircraft that is delivered has the proper amount of overhead for that aircraft. Required: What unique difficulties do you see in the calculation and application of overhead in industries such as aircraft manufacturing or shipbuilding

Answers

Answer and Explanation:

The unique difficulty that faced by industries in terms of aircraft manufacturing or ship building that includes the measurement of the capciaty cost that would be distributed each year with respect to the job. The overhead would be distributed to the capacity spent. Also the company find to be difficult for tracking the actual capacity i.e. used in the production of a single aircraft or ship. In this case, the predetermined overhead rate would not be worked.

explain the governance of internet​

Answers

Answer:

Internet governance is defined as 'the development and application by governments, the private sector, and civil society, in their respective roles, of shared principles, norms, rules, decision-making procedures, and programs that shape the evolution and use of the Internet'

Hope it helps! ^-^

I have aspect that you will be knowledgable person by using given definition...otherwise you can report to the brainly office

Explanation:

The growth or development and programmes by government at a public sector and all the institutions in their respective roles of mutual guiding beliefs,norms,rules,desicision making operation and broadcast programming that forms the intection or evolutionary term and use the internet can be defined as governance of internet.

A consulting engineer has been engaged to advise a town how best to proceed with the construction of a 200,000 water supply reservoir. Since only 120,000 of storage will be required for the next 25 years, an alternative to building the full capacity now is to build the reservoir in two stages. Initially, the reservoir could be built with 120,000 of capacity and then, 25 years hence, the additional 80,000 of capacity could be added by increasing the height of the reservoir. Estimated costs are as follows construction cost, and annual maintenance cost, build in 2 stages first stage 120,000 reservoir $14'200,000 $75,000; second stage add 80,000 of capacity $120600,000 and $25,000 additional construction cost build in full capacity now 200,000 reservoir $22'400,000 and $100,000 if the interest is computed at 4%, which construction plan is preferred?

Answers

Answer:

Single stage construction

PW of Cost = $22,400,000 + 100,000(P/A, 4%, 25)

PW of Cost = $22,400,000 + 100,000(15.622)

PW of Cost = $22,400,000 + $1,562,200

PW of Cost = $23,962,200

Tow stage construction

PW of cots = $14,200,000 + $75,000(P/A, 4%, 25) + $12,600,000(P/F, 4%, 25)

PW of cost = $14,200,000 + $75,000(15.622) + $12,600,000(0.3751)

PW of cost = $14,200,000 + $1,171,650 + $4,726,260

PW of cost = $20,097,910

Conclusion: We should choose two stage construction as it has lesser Present worth of cost.

Here we preferred two stage construction as it has lesser Present worth of cost.

Calculation of the selection of the construction plan:

For Single stage construction

PW of Cost = $22,400,000 + 100,000(P/A, 4%, 25)

= $22,400,000 + 100,000(15.622)

= $22,400,000 + $1,562,200

= $23,962,200

Now

For Tow stage construction

PW of cots = $14,200,000 + $75,000(P/A, 4%, 25) + $12,600,000(P/F, 4%, 25)

= $14,200,000 + $75,000(15.622) + $12,600,000(0.3751)

= $14,200,000 + $1,171,650 + $4,726,260

= $20,097,910

Learn more about cost here: https://brainly.com/question/24230268

100 POINTS + BRAINLIEST PLEASE HELP ME

Answers

Answer:

Hi there! Hope this helps you!

Explanation:

Three goals: Exercise,eat healthy, and do my work on time

I would write these on a paper and then I will check them with a pen, and every month I will try to do it and make a habit.

I dont know if this helped....

Have a great day!

Answer:

One of my career goals is a ufc fighter anther is a rapper third is a you tuber. I guess I would have to keep moving forward and never give up, if I feel doubt then I have to turn myself around.

Explanation:

Overcoming a challenge can very difficult for many people. I can't really remember a time I overcame a challenge, I guess I always stayed positive and It wasn't really a big deal to me, I just dealt with it and life goes on. But I can tell you some challenges I will or am trying to overcome in my present and future life. First, High School can be difficult for others for so many reasons, but my main problem getting through high school is passing and graduating. I guess I was dealing with a lot and couldn't really focus on my school work, so I failed and haven't passed a lot of classes so I'm very behind on my credits to graduate. Now I'm in twelfth grade and it's like taking every single class of high school I didn't pass all in one, so it's very overwhelming and a lot of work. Second, another challenge I will be overcoming in the future is to accomplish my goals and passion. I want to become a UFC fighter, rapper, and You Tuber. These goals are big dreams and achieving them can be almost not possible, but anything can be possible, you just have to have the mind set and tell yourself you can do anything. But it can be difficult if you don't know what to do or how to work towards your drams, so that's my main problem. Finally, my main challenge I'm trying to overcome is getting through life, some and many people don't really worry about life because there taking care of and been told they don't have to worry about anything. I have a rough life filled with tough love and scars and tears. But growing up didn't change my soul, I still believe I can accomplish anything and overcome anything. From what I learned from my challenges is that life can be overwhelming and can become hell but sometimes you have to go through hell to get to heaven. And going through experiences can make you wiser by learning from your mistakes and sometimes even learning from other peoples mistake. But I'm trying, it's seems like it's almost impossible to accomplish things I want to accomplish because bad things just happen to me and pulls me down and makes me want to give up on everything.

Presented below is information related to Metlock Corp. for the year 2020.
Net sales $1,274,000 Write-off of inventory due to obsolescence $78,400
Cost of goods sold 764,400 Depreciation expense omitted by accident in 2019 53,900
Selling expenses 63,700 Casualty loss 49,000
Administrative expenses 47,040 Cash dividends declared 44,100
Dividend revenue 19,600 Retained earnings at December 31, 2019 960,400
Interest revenue 6,860 Effective tax rate of 20% on all items
Prepare a multiple-step income statement for 2017. Assume that 62,370 shares of common stock are outstanding. (Round earnings per share to 2 decimal places, e.g. 1.49.)

Answers

Answer:

Net Income $238,336

Earnings per share 3.82

Explanation:

Preparation of a multiple-step income statement for 2017.

Multiple-step income statement for 2017

Sales Revenue:

Net sales 1,274,000

Less: cost of goods sold (764,400 )

Gross profit sales[A] 509,600

Operating Expenses:

Selling Expenses 63,700

Admin Expenses 47,040

Total Operating Expenses (b) 110,740

Income from Operations (a - c]=c 398,860

Other Revenue and Gains

Dividend Revenue 19,600

Interest Revenue 6,860

Total other revenues and gains(d) 26,460

Other Expenses and Losses :

Write-off of Inventory Due to Obsolescence 78,400

Casualty loss 49,000

Total Other Expenses and Losses(e) 127,400

Income before income tax(c + d -e]=f 297,920

Less: Income tax 20%(g) 59,584

Net Income(f - g) 238,336

(297,920-59,584)

Number of shares outstanding 62,370

Earnings per share 3.82

Therefore the multiple-step income statement for 2017 will be $238,336

Florissa's Flowers jointly produces three varieties of flowers in the same garden: tulips, lilies, and daisies. The flowers are all watered via the same irrigation system and all receive the same amount of water; daisies require three times as much as lilies, and the water required for tulips is about halfway between the amounts needed for daisies and lilies. Although the lilies and tulips receive more water than they need due to the joint irrigation process, they are not hurt by the overwatering. The joint production cost of the three varieties of flowers is about $30 per harvest. Every harvest yields 10 tulips, 20 lilies, and 20 daisies.

1. Allocate the joint costs of production to each product using the physical units method.

Joint
Product Flowers
per Harvest Proportion Joint
Costs Allocation
Tulip % $ $
Lily %
Daisy %
Totals $
Which products receive the largest portion of the joint costs?

received the largest portion of the joint costs.

2. Allocate the joint costs of production to each product using the weighted average method.

Joint
Product Flowers
per Harvest Weight
Factor Weighted
Flowers
of Water Weighted
Percent
of Water Joint
Costs Allocation
Tulip % $ $
Lily %
Daisy %
Totals $
Which product receives the largest portion of the joint costs?

received the largest portion of the joint costs.

3. Why would it be important to consider the watering process as an appropriate weight factor?

a. The cost of watering the plants is a large portion of the joint costs and the company follows the same irrigation system for all three varieties of flowers.

b. It is a natural resource which is more precious.

c. Daisies have the highest market value.

d. None of the above.

Answers

Answer:

1.) Lilies and Daisies received the largest portion of the joint costs.

2.) Daisies received the largest portion of the joint costs.

3.) a. The cost of watering the plants is a large portion of the joint costs and the company follows the same irrigation system for all three varieties of flowers.

Explanation:

Physical unit method :

Joint product _Flo /harvest _prop__JC__Alloc

Tullip ________10 _______0.20 _ 30 __ 6

Lilly _________ 20 ______0.40 _ 30 __ 12

Daisy ________ 20 ______0.40 _ 30 __ 12

Allocation = proportion * joint cost

B.)

Weighted average method :

If daisy requires 3 tines as much as lilies and tulips requires something in between both ;

Then ;

Daisy = 3 ; lilies = 1 ;

Tullips = (daisy + lilies) / 2 = (3 +1) / 2= 4/2 = 2

Weighted average method :

JP_Flo /H_ WF__WFW_W%__pro__JC__Alloc

Tullip_10 __ 2 __ 20 _ 20% _0.20 _ 30 __ 6

Lilly_ 20 ___ 1 __ 20 _ 20% _0.20 _ 30 __ 6

Daisy_20 __ 3__ 60 _ 60% _0.60 _ 30 __ 18

Allocation = joint cost * proportion

Explain using examples the three measures of measuring GDP​

Answers

Answer: See explanation

Explanation:

The gross domestic product means the value in terms of money of the goods that a nation produces. The three measures of measuring the gross domestic product are:

1. Expenditure approach: This approach has to do with the addition of all the expenses that was incurred in a particular economy on the final goods and services. This can be calculated using C+I+G+(X-M)

where,

C = consumption.

I = investment

G = government expenditure

X = export

M = import

2. Income approach: This involves the addition of all the income that is earned in a particular country for the year. In this case, one will need to add the wages, salaries, interest, profit and rent.

3. Value added approach: This has to do with the addition of the value added which is down at every production level.

Assume you are the CEO of Black Diamond, a global organization. You need to assemble members for new project team that is based on a loosely structured product concept. As a result, the project itself is ambiguous without clearly defined goals or roles for members. You recognize that some people are more likely to be comfortable working on such an ambiguous project than others and that this might be related to national or cultural differences. In this case you might seek to put people on the project who are from a ___________________ country.

Answers

Answer:

culturally similar

Explanation:

In this case, you might seek to put people on the project who are from a culturally similar country. These types of countries share the same cultural backgrounds and therefore individual's from these countries usually have the same beliefs, ideas, habits, etc. This similarity allows these individuals to easily bond and work together easily. Ultimately, this would be the best option for a group project since it will drastically increase efficiency if the members are able to work together more fluently.

Bedrock Company reported a December 31 ending inventory balance of $414,500. The following additional information is also available: The ending inventory balance of $414,500 included $72,500 of consigned inventory for which Bedrock was the consignor. The ending inventory balance of $414,500 included $23,000 of office supplies that were stored in the warehouse and were to be used by the company's supervisors and managers during the coming year. Based on this information, the correct balance for ending inventory on December 31 is:

Answers

Answer:

$391,500

Explanation:

Calculation for what the correct balance for ending inventory on December 31 is:

Using this formula

Ending inventory on December 31=Ending inventory balance-Office supplies

Let plug in the formula

Ending inventory on December 31=$414,500-$23,000

Ending inventory on December 31=$391,500

Therefore the correct balance for ending inventory on December 31 is:$391,500

A radiology clinic is considering buying a new $700,000 x-ray machine, which will have no salvage value after installation because the cost of removal will be approximately equal to its sales value. Maintenance is
estimated at $24,000 per year as long as the machine is owned. After 10 years the x-ray source will be depleted and the machine must be scrapped. Which of the following represents the most economic life of this x-ray machine?
a.One year, because it will have no salvage after installation
b. Five years, because the maintenance costs are constant
c. Ten years, because maintenance costs don't increase
d. Cannot be determined from the information given.

Answers

Answer: c. Ten years, because maintenance costs don't increase.

Explanation:

With the maintenance costs constant at $24,000 a year, the machine is still expected to go 10 years before it's x-ray source is depleted and it has to be scrapped.

This means that the useful life is therefore 10 years because the maintenance cost will not increase but will still keep the machine going for 10 years.

Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6,700 for direct materials, $9,500 for direct labor, and $6,270 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $4,100 for direct materials and $4,100 for direct labor.

Required:
Calculate the overhead cost be added to Job W at year-end

Answers

Answer:

Job W= $2,706

Explanation:

First, we need to calculate the predetermined overhead rate based on allocated overhead to Job V:

Job V:

Direct labor= $9,500

Allocated overhead= $6,270

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

6,270= Estimated manufacturing overhead rate*9,500

6,270/9,500= Estimated manufacturing overhead rate

Estimated manufacturing overhead rate= $0.66 per direct labor dollar.

Now, for Job W:

Job W= 0.66*4,100

Job W= $2,706

If the price of output increases, the marginal revenue product curve will shift ________ and the profit maximizing quantity of labor demanded will ________. Group of answer choices up; decrease down; decrease down; increase up; increase

Answers

Answer:

Increase marginal revenue

If the price of output increases, the marginal revenue product curve will shift up and the profit maximizing quantity of labor demanded will decrease. Thus, option (a) is correct.

What is product?

The thing being sold is called a “product.” A product and service market foundation. Items are divided into two categories: industrial products and consumer products. The product is to fulfill the needs of the consumer. There was the based on the commonly are the rules in the government to follow the product management.

When the quantities of other variables utilized fluctuate, the marginal revenue product of labor changes. It will also fluctuate as a result of changes in technology, the price of the product being produced, or the number of enterprises hiring workers. The product curve will trend upward, while the quality will fall.

As a result, the price of output increases, the marginal revenue product curve will shift up and the profit maximizing quantity of labor demanded will decrease.  Therefore, option (a) is correct.

Learn more about on product, here:

https://brainly.com/question/22852400

#SPJ5

An investor, who believes the economy is slowing down, wishes to reduce the risk of her portfolio. She currently owns 12 securities, each with a market value of $3,000. The current beta of the portfolio is 1.21 and the beta of the riskiest security is 1.62. What will the portfolio beta be if the riskiest security is replaced with a security of equal market value but a beta of 0.80

Answers

Answer:

1.14

Explanation:

Investors has number of securities = 12

Each with a market value = $3,000

Current beta of the portfolio (before replacement of riskiest security ) = 1.21

Beta of the riskiest security= 1.62

If the riskiest security is replaced = 0.80

Portfolio Beta before replacement of the riskiest security = Remaining number of securities / total number of securities * Beta of securities + Number of riskiest security / total number of securities * Beta of the riskiest security

Portfolio Beta before replacement of the riskiest security = Weight of securities*Beta of securities + Weight of riskiest security*Beta of riskiest security

Let the beta of securities be x.

1.21 =11/12 *x + 1/12 *1.62

1.21 =11/12 *x +0.135

1.21-0.135 = 11/12 x

1.075 =11/12 x

x = 1.075*12/11

x = 1.1727

Beta of securities = 1.17

Portfolio beta after the replacement of the riskiest security = 11/12*1.17 +1/12*0.8 = 1.0725 + 0.0666 = 1.1391 = 1.14

It's & called
2. When one organism benefits while the other is not affected. It is
known as​

Answers

Its called Commensalism – symbiotic

The following events occurred for Johnson Company:

a. Received investment of cash by organizers and distributed to them 1,180 shares of $1 par value common stock with a market price of $15 per share.
b. Purchased $8,200 of equipment, paying $1,500 in cash and owing the rest on accounts payable to the manufacturer.
c. Borrowed $14,000 cash from a bank. Loaned $800 to an employee who signed a note.
d. Purchased $20,343 of land; paid $9,000 in cash and signed a note for the balance.

Required:
For each of the events (a) through (d), perform transaction analysis and indicate the account, amount, and direction of the effect (increase or decrease) on the accounting equation.

Answers

Answer:

a. Received investment of cash by organizers and distributed to them 1,180 shares of $1 par value common stock with a market price of $15 per share.

Account                                 Debit      Credit

Cash                                      $17,700

Common Stock                                     $1,180

Additional Paid-In Capital                    $16,520

Assets increase, and stockholder's equity increase by the same amount: $17,700.

b. Purchased $8,200 of equipment, paying $1,500 in cash and owing the rest on accounts payable to the manufacturer.

Account                                 Debit      Credit

Equipment                             $8,200

Cash                                                       $1,500

Accounts Payable                                  $6,700

Assets increase by a net $6,700 (Equipment - Cash), and Accounts Payable by $6,700 as well.

c. Borrowed $14,000 cash from a bank. Loaned $800 to an employee who signed a note.

Account                                 Debit      Credit

Cash                                     $14,000

Notes Payable                                      $14,000

Notes Receivable                  $800

Cash                                                      $800

Assets increase by a net $14,000 (Cash + Notes Receivable - Cash), and liabilities increase by $14,000

d. Purchased $20,343 of land; paid $9,000 in cash and signed a note for the balance.

Account                                 Debit      Credit

Land                                     $20,343

Cash                                                     $9,000

Notes Payable                                     $11,343

Assets increase by a net $11,343 (Land - Cash), and liabilities increase by the same amount.

                                       

Prepare a journal entry for the purchase of office equipment on February 19 for $31,700, paying $7,600 cash and the remainder on account. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is enter.
CHART OF ACCOUNTS
General Ledger
ASSETS
11 Cash
12 Accounts Receivable
13 Office Supplies
14 Prepaid Insurance
15 Land
16 Office Equipment
17 Automobiles
LIABILITIES
21 Accounts Payable
22 Unearned Rent
23 Notes Payable
24 Salaries Payable
EQUITY
31 John Doe, Capital
32 John Doe, Drawing
Journal
Prepare a journal entry for the purchase of office equipment on October 27 for $32,750, paying $6,550 cash and the remainder on account. Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
GENERAL JOURNAL
DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT
1
2
3
REVENUE
41 Fees Earned
42 Sales Commission

Answers

Answer:

A. Dr Office equipment $31,700

Cr Cash $7,600

Cr Accounts payable $24,100

B. Dr Office equipment $32,750

Cr Cash $6,550

Cr Accounts payable $26,200

Explanation:

Preparation of the journal entry

A. Based on the information given if the purchase of office equipment on February 19 was the amount of $31,700 in which the amount of $7,600 was paid as cash while the remainder on account which means that the journal entry will be:

Dr Office equipment $31,700

Cr Cash $7,600

Cr Accounts payable $24,100

($31,700-$7,600)

B. Based on the information given if the purchase of office equipment on February 19 was the amount of $32,750 in which the amount of $6,550 was paid as cash while the remainder on account which means that the journal entry will be:

Dr Office equipment $32,750

Cr Cash $6,550

Cr Accounts payable $26,200

($32,750-$6,550)

Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below:

Materials Labor Overhead
Work in process, May 1 $22,300 $35,694 $173,247
Cost added during May $135,305 $23,796 $115,498
Equivalent units of production 1,900 1,800 1,700

Required:
a. Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers to 2 decimal places.)
b. Compute the total cost per equivalent whole unit.

Answers

Answer:

                                                               Materials     Labor        Overhead

Work in process, May 1                         $22,300    $35,694     $173,247

Cost added during May                        $135,305   $23,796     $115,498

Total                                                       $157,605   $59,490    $288,745

a. Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers to 2 decimal places.)

Materials cost per EUP = $157,605 / 1,900 = $82.95

Labor cost per EUP = $59,490 / 1,800 = $33.05

Overhead cost per EUP = $288,745 / 1,700 = $169.85

b. Compute the total cost per equivalent whole unit.

total cost per EUP = $82.95 + $33.05 + $169.85 = $285.85

why is it important to have a good besiness background? ​

Answers

So people would be interested in your business and want to work or buy from you! :)
Other Questions
What year did the Franks and Van Daans go into hiding?A.1944B.1943C.1945D.1942 What is 13x+14=??????? 5. Identify the reactants in this chemical equation:2H3PO4 HAP20, +H2O find the slope of the line what is the relationship between the human rights outlined in the Declaration and an individuals success in a society? (Universal Declaration of Human Rights) how would you describe the forces between the particles of solids?? Which equation represents the vertical line passing through (5,-4)? x = -4y = -4x = 5y = 5pick one Mather Company purchased equipment on January 1, 2012 at a total invoice cost of $224,000; additional costs of $4,000 for freight and $20,000 for installation were incurred. The equipment has an estimated salvage value of $8,000 and an estimated useful life of five years. The amount of accumulated depreciation at December 31, 2013 if the straight-line method of depreciation is used is: Noahs family has been going through some rough times. Noahs parents are arguing more frequently and the home environment is unstable. Why might his parents have arranged for him to get counseling? Use a model to divide. 1/27 . What is the answer 2/7 1/14 14 3 1/2? [tex]( {a}^{3})( {a}^{2} ( {a}^{6) } answer:(a) please tell fast plzzzzzz please help ill give you brainliest and thanks Convert the following decimal to a fraction. True or FalseProkaryotic cells generally have a higher surface area to volume ratio than eukaryotic cells. In duo7. Evimizdeki tozlar daha hzl ve etkiliekilde almamz salayan teknolojik alet. Which of the following is the expansion of(2x + 3)^3? 1. "Six less than twice a murider."A. 6 - 2xB. 2x - 6C. 6x-2D. 2 - 6x2. "Five times the sum of a number and four."A. 5y + 4B. 4(y + 5)C. 5 + 4yD. 5(y + 4)3. Which is the correct translation of the given 2(m - 3)?A. Twice difference of 3 and miste C. Twice the difference of m and 3.6. Twice the sum of m and 3.6D. Twice the sum of m and 3.4. "Ten less than thrice the a number"A. 10 - 3bB. 3b - 10C. 106 - 3D. 3 - 10b5. Given, m - 4, complete this: 4A. minusB. diminished bya numberC. subtracted fromD. decreased by6." The ratio of 7 and a number decreased by 2."A. 7/(x-2)B. (71x) - 2C. 7X-2D. 7 - 2/x7. "The difference of 10 and k divided by 4 yields to 2."A. (10-k)/4 = 2 B. 10 - (k/4) = 2 C. 10K/4 = 2D.K-10/4 = 28. "Four times the sum of 12 and y is equal to 60.A. 4y + 12 = 60 B. 4 + 12yC. 4(12) + y = 60 D. 4(12 + y) = 609. All of the following are correct except2x + 4; Twice a pumberA. increased by B. added toC. plusD. more than= 6010. "8 times a number decreased by 13 becomes 3."A. 8x + 13 = 3 B. 86- 13 = 3C. 13 - 8x = 3D. 13 + 8x = 3branleast kpo ang sasagot neto Which is an example of a function?the distance to school and the time you spend at schoolthe price of a piece of cloth and the length of the cloththe price of a movie ticket and the height of the customerthe time it takes to mow a lawn and the age of the person mowing the lawn You are caring for ER, a 28 year old female. She and her husband were having breakfast when she suddenly stopped responding to him. Her husband states, "She just stared into space and kept saying, Its like this, its like this, its like this." When her husband put his hand on her arm, she hit him. He called 911 and they are now in the emergency department and she is being evaluated for seizure disorder.Required:a. What kind of seizure might ER have had? Explain your answer. b. What assessments and diagnostics will be used to rule seizure disorder in or out? c. ERs husband says, "It cant be seizures. She didnt fall on the ground and bite her tongue." How will you explain seizure disorder to ER and her husband? d. If ER is diagnosed with seizures, what will you teach ER and her husband about managing her seizure disorder?