lereu Biahks to complete the cost of goods sold sections. E5-14 Dorsett Corporation reported sales revenue of $257,000, net income of $45,300, cash of $9,300, and net cash provided by operating activities of $23,200. Accounts receivable have increased at three times the rate of sales during the last 3 years Instructions (a) Explain what is meant by high quality of earnings (b) Evaluate the quality of the company's earnings. Discuss your findings. (c) What factors might have contributed to the company's quality of earnings? *E5-15 This information relates to Alfie Co. 1. On April 5, purchased merchandise from Bach Company for $27,000, terms 2/10, n/30. 2. On April 6, paid freight costs of $1,200 on merchandise purchased from Bach Company 3. On April 7, purchased equipment on account for $30,000. 4. On April 8, returned some of the April 5 merchandise to Bach Company, which cost $3,600. 5. On April 15, paid the amount due to Bach Company in full.

Answers

Answer 1

(a) "High quality of earnings" refers to the earnings that are generated from a company's core operations and are sustainable over the long term. In other words, high-quality earnings are those that are not subject to significant volatility or manipulation and are backed by actual cash flows.

What is the high quality of earnings?

(b) Based on the information provided, it is difficult to assess the quality of Dorsett Corporation's earnings. However, the fact that accounts receivable have increased at three times the rate of sales over the last 3 years could be an indicator of potentially low-quality earnings. This could suggest that the company is recognizing revenue too early or that it has difficulty collecting payments from customers.

(c) Several factors could have contributed to Dorsett Corporation's quality of earnings, including the company's revenue recognition policies, its credit and collections practices, and its overall financial health.

Note: The Purchase Discount is calculated as $27,000 x 2% = $540, and deducted from the amount owed to Bach Co. ($27,000 - $540 = $26,460).

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Lereu Biahks To Complete The Cost Of Goods Sold Sections. E5-14 Dorsett Corporation Reported Sales Revenue

Related Questions

You notice that a forklift is starting to sound strange, and this typically indicates the forklift may be going bad. You do not want to stop your work because your team’s performance will suffer as a result. If you fix it now, it will take 10 minutes. However, if it breaks, it will likely take a few hours to fix

Answers

A forklift is starting to sound strange, You do not want to stop your work because your team’s performance will suffer as a result. If you fix it now, it will take 10 minutes. However, if it breaks, it will likely take a few hours to fix is soon as possible. Thus, option (d) is correct.

What is forklift?

The term forklift refers to the powered industrial truck are the used in the industrial truck to load the raw material. The invention of the 20th century, was the mainly used in the industrial sector.

According to the facts of the case, When driving a loaded forklift on ramps with a 10% gradient or higher, you should always keep the cargo upward, even if it means going in reverse along the ramp. It took a few hours to correct, but it only took 10 minutes.

As a result, the significance of the forklift are the aforementioned.

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Your question is incomplete, but most probably the full question was.

How soon should repairs be made on a forklift?

a. At the next scheduled maintenance time

b. At the end of the operator’s shift

c. Whenever the forklift is not need to perform tasks

d. As soon as possible

Mission: "Our mission is what drives us to do everything possible to expand human potential. We do that by creating groundbreaking sport innovations, by making our products more sustainably, by building a creative and diverse global team and by making a positive impact in communities where we live and work."
Vision: "To bring inspiration and innovation to every athlete in the world."
Mission: _______________Vision: ___________Explanation: (explain why how did you come up with those statement/Must include the basis of given steps)

Answers

The answer is Mission:  “do everything possible to expand human potential.” Vision:  This assertion demonstrates that the business does not restrict itself to particular techniques in order to give its consumers the finest that the sports industry has to offer.

What is a business's brief definition?

A business is a corporate entity that is recognized by the law as distinct from its owners. It is a sophisticated organizational structure with higher setup and administrative costs due to more reporting duties and more serious legal obligations.

Why do businesses and companies differ from one another?

A company may also be called a "business," or vice versa. Any type of business organization can be referred to by this word. However, enterprises only apply to fundamental businesses, not to corporations, which are seen as separate legal entities. One such instance is the lack of a legal personality for a sole proprietorship.

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______is a method of querying and reporting that takes data from standard relational databases, calculates and summarizes the data, and then stores the data in a special database called a data cube.

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Online Analytical Processing is a technique for querying and reporting that extracts data from common relational databases, computes and summaries the data, and then stores the data in a unique database known as a data cube (OLAP).

Online Analytical Processing (OAP) is a technique for querying and reporting that pulls information from common relational databases, computes and summaries it, and then stores it in a unique database known as a data cube (OLAP). With the aid of OLAP, users can evaluate multidimensional data from a variety of angles and condense massive amounts of data into a manageable form. The OLAP data cube is a multidimensional database that holds aggregated data in a structured fashion, facilitating users' ability to carry out intricate analysis and produce reports.

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FILL IN THE BLANK. mass customization is a step beyond a ___ strategy, because although the latter allows for good choice with quick delivery, it does not allow customers unlimited options for features.

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Mass customization allows customers to design certain made-to-order product features while keeping costs closer to mass-produced products.

What is the meaning of Mass customization?

By maintaining costs that are more in line with those of mass-produced products, mass customization enables a customer to design specific made-to-order characteristics of a product. The product's parts may occasionally be modular. Due to this versatility, the client can combine several alternatives to get a final product that is somewhat unique.

Using adaptable computer-aided systems to create specialized output, mass customization is used in marketing, manufacturing, call center operations, and management. Such systems combine the adaptability of individual customization with the low unit prices of mass production techniques.

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suppose the call money rate is 6.8 percent, and you pay a spread of 1.9 percent over that. you buy 1,100 shares at $55 per share with an initial margin of 55 percent. one year later, the stock is selling for $61 per share and you close out your position. what is your return assuming no dividends are paid? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places, e.g., enter 1.23 for 1.23%.)

Answers

To calculate the return on this investment, we need to consider several factors, including the initial cost, the amount of borrowed funds, the interest charged on those funds, and the final selling price.

First, let's calculate the initial cost of the investment. Since the investor is purchasing 1,100 shares at $55 per share with a margin of 55%, the total initial cost is:

Initial cost = (1,100 shares x $55 per share) / 0.55 = $121,000

Since the investor is only required to put up 55% of the initial cost as margin, they have borrowed the remaining 45%, or $53,900.

Next, we need to calculate the interest charged on the borrowed funds. The call money rate is 6.8%, and the investor pays a spread of 1.9% over that. Therefore, the interest rate charged on the borrowed funds is:

Interest rate = 6.8% + 1.9% = 8.7%

The interest charged on the borrowed funds for one year is:

Interest charged = $53,900 x 8.7% = $4,683.30

Now, let's calculate the final selling price of the shares. One year later, the stock is selling for $61 per share, so the total selling price is:

Selling price = 1,100 shares x $61 per share = $67,100

The net profit on the investment is the selling price minus the initial cost and interest charged on the borrowed funds:

Net profit = $67,100 - $121,000 - $4,683.30 = -$58,583.30

Since the net profit is negative, the return on this investment is negative as well. The percentage return is calculated by dividing the net profit by the initial cost and expressing the result as a percentage:

Percentage return = (-$58,583.30 / $121,000) x 100% = -48.47%

Therefore, the investor has incurred a negative return of 48.47% on this investment, assuming no dividends were paid. This negative return is primarily due to the high cost of borrowing funds, which significantly outweighed any gains from the increase in the stock price.

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The daily total cost C(x) incurred by Trappee and Sons for producing x cases of TexaPep hot sauce is given by the following function.
C(x) = 0.000002x3 + 9x + 260
Calculate the following for h = 1, 0.1, 0.01, 0.001, and 0.0001. (Round your answers to four decimal places.)
[C(100+h)-C(100)]/h
Use your results to estimate the rate of change of the total cost function when the level of production is 100 cases/day. (Round your answer to two decimal places.)

Answers

The rate of change of the total cost function when the level of production is 100 cases/day is 9.06.

What is the fee characteristic given through way of C?

The prevalent structure οf the fee characteristic formulation is C(x)=F+V(x) C (x) = F + V (x) the lοcation F is the whole consistent costs, V is the variable cοst, x is the number of units, and C(x) is the complete manufacturing cost.

Cost attribute refers tο the practical relatiοnship between charge and output. It loοkup the behaviοur of rate at gorgeous tiers of output when technological expertise is assumed tο be constant. It can be expressed as below: C= f(Q) (Here, C= Cost of prοduction; and Q= Quantum of output).

The given functiοn is

C(x) = 0.000002x³ + 9x + 260

Calculate the follοwing for h = 1, 0.1, 0.01, 0.001, 0.0001

h = 1

Plugging h = 1

[tex]$\mathrm{ \frac{C(100+h)-C(100)}{h} = }[/tex] [tex]$\mathrm{ \frac{0.000002(100+1)^3+9(100+1)+260-(0.000002(100)^3+9(100)+260)}{1}}[/tex]

= 9.06

In all other cases, Rοunding off  two decimal places we will get 9.06

So, the rate of change οf the total cost function when the level of production is 100 cases/day is 9.06.

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Select any business organization and make environmental (Internal & External) assessment; determine the critical success factors (Strengths, Weaknesses, Opportunities and Threats) and recommend the organization according to the results of your assessment. Select any business enterprise you want and consider its offerings. Analyze the enterprise’s offerings in terms of customer value hierarchy (levels of product: core benefit, actual product, expected product, augmented product and potential product). Select any real advertising strategy (magazine, newspaper, tv, radio, display) for a given organization. Assess and evaluate the strength and weakness of that ad and recommend the alternative possible solutions to make it perfect and recommend the organization according to the results of your assessment.​

Answers

You should choose to carry out an internal and external environmental assessment of a company that you identify with, research more about it and explain its strengths and weaknesses, opportunities and threats.

What is SWOT analysis?

It is a management tool that helps an organization determine its situation in the internal and external environment, leading to an analysis of strengths, weaknesses, opportunities and threats, expanding its view of the market, its characteristics and values.

Therefore, you can conduct your environmental assessment based on company characteristics such as offerings, customer value, marketing and other characteristics that contribute to your market positioning.

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the following december 31, 2021, fiscal year-end account balance information is available for the stonebridge corporation:

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The amount of the retained earnings as per the given information is as follows- $86,500.

A fiscal year is a year that the businesses and the governments use for the financial reporting and the budgeting. Fiscal years are most commonly used for accounting purposes to prepare financial statements.

The fiscal year he can start on January 1st and end on December 31st, but not all fiscal years correspond to calendar years. For example, universities often begin and end fiscal years after academic years.

A fiscal year is the 12-month period a company chooses to report its financial information.

Financial reports, external audits, and federal tax returns are based on the company's fiscal year.

Companies may choose to report financial information for off-calendar fiscal years based on the particular nature of their business and earnings cycle.

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Complete question:

The following December 31, 2018, fiscal year-end account balance information is available for the Stonebridge Corporation:

Accounts

$$

Cash and cash equivalent

25,000

Accounts receivable

80,000

Short-term investment

50,000

Property, plant, and equipment (net)

120,000

Accounts payable

44,000

Wages payable

15,000

Utilities payable

10,000

Paid-in-capital

100,000

The only assets not listed is inventory. The only liabilities not listed are $40,000 note payable due in two years and related accrued interest of $2,000 due in four months. The current ratio at year-end is 2.5:1. Which of the following is the amount of retained earnings?

Under a perpetual inventory system, the cost of goods sold is determined each time a sale occurs.
True od False

Answers

The following statement ''Under a perpetual inventory system, the cost of goods sold is determined each time a sale occurs'' is true.

This means that the inventory levels and cost of goods sold are updated continuously throughout the accounting period.

This system provides a more accurate reflection of inventory levels and cost of goods sold at any given time, as opposed to a periodic inventory system, where inventory levels and cost of goods sold are only updated at the end of the accounting period.

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According to the Growth Share Matrix (aka BCG Matrix), ________ are low-growth, low-share businesses and products. They may generate enough cash to maintain themselves but do not promise to be large sources of cash.
O DogsO customerO Question MarkO Butterfly

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According to the Growth Share Matrix (aka BCG Matrix), Dogs are low-growth, low-share businesses and products. They may generate enough cash to maintain themselves but do not promise to be large sources of cash. (Option A).

What is Growth Share Matrix?

The Growth Share Matrix, also known as the BCG Matrix, is a strategic planning tool that helps businesses evaluate their portfolio of products or business units. It categorizes each product or business unit into one of four categories based on their market growth rate and relative market share.

The four categories are: "Stars", which are high-growth, high-share products; "Cash Cows", which are high-share, low-growth products that generate significant profits; "Question Marks", which are low-share, high-growth products that require investment to increase their market share; and "Dogs", which are low-growth, low-share products that may not generate much profit and could be candidates for divestment. The matrix helps companies to allocate resources and develop strategies for each category based on their market position and potential.

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Which of the following recruitment strategies can help an organization reduce labor costs and improve customer service together with accessing top talent?
A. offshoring
B. resume databases
C. observation
D. trade fairs

Answers

Option A is correct. Offshoring is the next recruitment strategy that helps companies reduce labor costs, improve customer service, and improve access to top talent.

Offshoring is the transfer of the activity or ownership of an entire business process to a country other than the country in which the company receiving the service is based. This primarily helps in gaining access to a more cost-effective labor market, but it also helps in accessing additional qualified workers or setting up a business establishment in a foreign country. Offshore companies do so through outsourcing agreements with third parties or by establishing their own Global In-House Center (GIC) presence at offshore locations, among other business structures.

There are many ways to outsource your client's operations and business activities. The hard part is deciding which contact center solution (offshore outsourcing, nearshore outsourcing, onshore outsourcing, home-based, or a combination of all) is right for your product or service. In this strategy guide, take a closer look at all your options and learn how each can benefit your business and your customers for years to come. 

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Andre purchased some land ten years ago for $40,000 cash. The property appreciated to $70,000 at which time Andre sold it to his wife Steffi for $70,000 cash, its fair market value.What are the income tax consequences to Andre?

Answers

The sale of property from Andre to his wife Steffi for its fair market value is basically implied to a transfer of property between related parties.

What is income tax consequence?

The impact of a transaction on income taxes depends on a number of variables, including the nature of the transaction, the type of income earned, and the tax laws that apply to the transaction.

A transfer of property between related persons is regarded as occurring when Andre sells a piece of property to his wife Steffi for its fair market value.

It could be interpreted in this situation as an effort to evade paying taxes on capital gains from the property's appreciation.

As a result, the IRS might consider this transaction to be a gift or a fictitious sale and might impose certain tax regulations on it.

Thus, in this scenario, Steffi's basis in the property would be $40,000 and would replace Andre's original cost basis of $40,000.

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Under a Utilitarian approach to ethical reasoning a business leader would make a decision that impacts the majority of those affected in a negative way.
Group of answer choices
True
False

Answers

The statement given in the question is False.

Under a Utilitarian approach to ethical reasoning a business leader would make a decision that impacts the majority of those affected in a negative way.

Under a Utilitarian approach to ethical reasoning, a business leader would strive to make a decision that maximizes the overall happiness and well-being of the majority of those affected.

Even if it means some individuals may be negatively impacted. The focus is on the net benefit to society as a whole.

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which of the following is not an example of a theme which unites artistic practice in using new media?

Answers

B. Video Game Animation is not an example of a theme which unites artistic practice in using new media

Animation from video games is not an example of a theme that connects artistic use of new media. Video game animation is a type of new media, but it's a particular use of technology that's more frequently employed for enjoyment than for artistic expression.

In order to develop new forms of expression or interact with social, political, or cultural issues, artistic practise in the use of new media often entails investigating and pushing the limits of new media technology. The use of interactive technologies, the study of virtual worlds, the development of interactive installations, or the use of networked communication technologies are some possible themes that might tie these artistic practises together.

Complete Question:

Which of the following is NOT an example of a theme which unites artistic practice in using new media?

A.) Scientific and Industrial Research

B.) Video Game Animation

C.) Political/Cultural Media Activism

D.) The Art System

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FILL IN THE BLANK. Jones Company sells its motors in the United States. Now, it has the opportunity to sell in CHina. This means the cost per motor will ______. decrease

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The answer is decrease cost per motor.A company, frequently abbreviated as "co.," is a legal designation for a collection of individuals with a shared objective who may be either natural, legal, or a combination of the two.

A company business may be constituted as a legal entity so that the company itself has limited liability as members fulfil or fail to fulfil their obligations in accordance with the publicly stated incorporation, or published policy. After a business has closed,voluntary groups with a profit motive, such as for-profit businesses, banks, programmes, and nonprofits, as well as educational institutions

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estimate the model where a one million increase in sales has the same percentage effect on research and development spending

Answers

The percentage of revenue that was generated from R&D expenses in a previous time period, such as the previous year, is referred to as "return on research capital," or simply "RORC."

What percentage of total income is spent on research and development?

Using the research and development to sales ratio, businesses in the same sector can compare how well they utilize their R&D resources. By dividing R&D costs by total revenue, it is calculated. On a TTM basis, this was determined.

How do you calculate the investment's return in R&D?

The return on research capital measures how much money is earned for every dollar invested in research and development over a specific period of time (usually a year). The amount is calculated by dividing the gross profits for the current year, which are typically shown on the income statement, by the R&D expenses for the prior year.

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The complete question is:

What estimate the model where a one million increase in sales has the same percentage effect on research and development spending?

A circular double-stranded DNA molecule contains 4200 base pairs. In solution the molecule is in a B-form helix, with about 10.5 base pairs per turn. The DNA circle has 12 superhelical turns. Part A What is its superhelix density σ?

Answers

The superhelical density, σ, of a circular double-stranded DNA molecule is a measure of the degree to which the molecule is overwound or underwound. It is defined as the number of superhelical turns, τ, per unit length of DNA, L.

The superhelical density can be calculated using the following formula:

σ = (τ/L) × (Lk - Tw), where Lk is the linking number, Tw is the twist, and L is the contour length of the DNA molecule. In this case, we are given that the DNA circle has 12 superhelical turns, Lk = 12, and that the contour length of the DNA molecule is L = 4200 base pairs. We also know that the B-form helix has about 10.5 base pairs per turn, so the twist is Tw = 4200/10.5 = 400.

Substituting these values into the formula, we get:

σ = (12/4200) × (4200×10.5 - 400) ≈ 0.034

Therefore, the superhelical density of the circular DNA molecule is approximately 0.034 turns per base pair. This value indicates that the DNA molecule is underwound, as the superhelical density is less than 1. A superhelical density of 1 indicates that the DNA molecule is neither overwound nor underwound.

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Give the formulas under the direct method for computing
(a) cash receipts from customers and
(b) cash payments to suppliers.

Answers

(a) The direct method formula for calculating cash receipts from clients is: Customers' cash receipts = Sales revenue + Beginning accounts receivable - Ending accounts receivable.

To compute cash receipts from customers, tally up the entire sales revenue for the period and then adjust for any changes in accounts receivable. If accounts receivable grew during the period, it signifies that cash has not yet been collected for all sales, hence the rise in accounts receivable must be deducted. If, on the other hand, accounts receivable declined throughout the time, it signifies that cash was received for more sales than were produced during the period, hence the decrease in accounts receivable must be added.

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fill in the blank. A manager who is considering entry to a new market must carefully consider all aspects of the environment as it relates to that market, including any obstacles posed by __________ who already have established relationships with suppliers and customers.

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A manager who is considering entry to a new market must carefully consider all aspects of the environment as it relates to that market, including any obstacles posed by competitors.

who already have established relationships with suppliers and customers. A management considering entering a new market must carefully analyze all aspects of the environment, including any difficulties provided by rivals who have already built market connections with suppliers and consumers. Closing entries are used at the end of an accounting period to transfer the balances of temporary accounts (such as revenue, expenses, and dividends) to the permanent Retained Earnings account. This technique ensures that the income and expenditure accounts begin with a zero balance for the following fiscal period.

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FILL IN THE BLANK. In a market where customers conducer competitors to be very similar, it is important to understand ____, which refers to how customers feel or think about various brands.

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Understanding personal selling, which relates to how consumers think or feel about distinct brands, is crucial in a market in which customers tend to perceive competitors as being quite similar.

Of the following, which one involves personal selling?

One of the typical types of personal selling is door-to-door sales. Sales representatives knock on prospective customers' doors to promote and offer the products/services. They try to get individuals to buy from them by using their strong interpersonal skills.

What is the purpose of personal selling?

Publicity, sales promotion, and advertising can all be supported by personal selling. It eliminates the negative effects of sales promotion and advertising. Personal selling supports the advertising message while advertising raises awareness.

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Sandhill Company from time to time embarks on a research program when a special project seems to offer possibilities. In 2016, the company expends $324,500 on a research project, but by the end of 2016 it is impossible to determine whether any benefit will be derived from it. v (b) The project is completed in 2017, and a successful patent is obtained. The R&D costs to complete the project are $114,500. The administrative and legal expenses incurred in obtaining patent number 472-1001-84 in 2017 total $16,900. The patent has an expected useful life of 5 years. Record these costs in journal entry form. Also, record patent amortization (full year) in 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit (To record research and development costs) (To record legal and administrative costs) (To record one year's amortization expense) Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER

Answers

To record research and development costs, debit $324,500 from Research and Development Expense and credit $324,500 from Cash.

What is meant by journal entry?

A journal entry is a record of a financial transaction that is entered into the accounting system of a company. It typically includes the transaction date, the accounts involved, the transaction amount, and a brief description of the transaction. Journal entries form the basis of a company's financial records and are used to prepare financial statements, track cash flow, and monitor business performance. They can be done manually in a physical journal or automatically in an accounting software system, and they must be accurate and complete in order for the company's financial records to be reliable and up to date. To keep track of legal and administrative expenses:

Credit Cash for $16,900 Debit Patent Expense for $16,900 To record the amortisation expense for one year: Amortization Expense in the amount of $26,900 ($114,500 / 5 + $16,900) Credit Accumulated Amortization - $26,900 Patent.

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the type of production that does not concern itself with customer preferences, but instead focuses on making a large number of a few products is called production.

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Instead focuses on making a large number of a few  is called mass production. Mass production is the process of producing standardised goods in huge quantities, frequently with the aid of automation or assembly lines.

The efficient creation of several identical products is made possible by mass production. Things that are mass produced are created on a big scale, typically in a factory or plant. Shoes, computers, and automobiles are all mass-produced goods.

Not the well-known chocolate chip cookies your dad makes. Items that are mass produced are uniform, if not identical, to one another. This covers the transportation, furniture, textile, and food sectors. Automobile manufacturers employ mass production to build automobiles on cheap assembly lines using goods high-quality parts.

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e journal entry to close all of a company's expense accounts would include a____ (debit/credit) to each of the expense accounts and a corresponding___ (debit/credit) to the income ____(statement/summary) account.

Answers

Answer: credit, debit, summary

Explanation:

just did it

After much consideration, you have chosen Ireland over Spain for your Study Abroad program next year. However, the deadline for your final decision is still months away and you may reverse this decision. Which of the following events would prompt you to reverse this decision?
The marginal benefit of going to Spain increases.

Answers

The marginal benefit of going to Spain is increased by events that force you to reverse that decision.

Marginal benefit is the maximum amount a consumer will pay for an additional product or service. Marginal benefit is also the additional satisfaction that the consumer receives from purchasing an additional good or service. Marginal profit usually decreases as consumption increases.

In general, marginal costs rise for each successive unit produced. Therefore, the producer is willing to increase production only if he  receives a higher price for the additional units produced.

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______ is the part of the marketing mix that aims at creating value by providing features and benefits that meet customers' needs.

Answers

Product is the part of the marketing mix that aims at creating value by providing features as well as benefits that meet customers' needs.

The product element of the marketing mix includes the design, development, and packaging of goods or services that will be offered to the market. This includes features such as quality, design, functionality, and branding, as well as the benefits that the product or service provides to the customer.

A key aspect of the product element is differentiation, or the process of making a product or service unique in some way to stand out from competitors. By creating a product that meets customers' needs and provides value, businesses can differentiate themselves from their competitors and build customer loyalty.

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give an example of marketing myopia using a company you perceive to be suffering from this. identify and explain the specific marketing myopia problem in this company, as defined by the levitt article.

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Blockbuster is an example of a company that suffered from marketing myopia by focusing too narrowly on its existing business model and failing to adapt to changing market conditions.

Blockbuster's marketing myopia problem was its failure to recognize the shift in consumer behavior towards digital streaming and video-on-demand services.

According to Levitt's article, "Marketing Myopia," companies need to focus on identifying and satisfying customer needs, rather than on their own products and services.

In Blockbuster's case, the company was too focused on its video rental business and failed to recognize the growing demand for digital streaming services.

As a result, Blockbuster lost market share to competitors such as Netflix and Redbox, who were able to capitalize on this emerging trend.

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T/F codes of ethical conduct adopted by businesses and professions often provide for sanctions against individuals who violate the code.

Answers

The given statement "codes of ethical conduct adopted by businesses and professions often provide for sanctions against individuals who violate the code" is true. Because these codes typically set out the ethical standards and values that the business or profession expects its members to adhere to.

Violations of the code can lead to disciplinary action, which may include warnings, suspension, or revocation of licenses, depending on the severity of the violation.

The purpose of these codes and the accompanying sanctions is to maintain the integrity and reputation of the business or profession and to ensure that members are held accountable for their conduct. By enforcing ethical standards, businesses and professions can protect the interests of their clients, customers, and stakeholders, and maintain public trust in their operations.

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Yard Designs (YD) experienced the following events in Year 1, its first year of operation:
On October 1, Year 1, YD collected $20,400 for consulting services it agreed to provide during the coming year.
Adjusted the accounts to reflect the amount of consulting service revenue recognized in Year 1.
Required
Based on this information alone:
a. Record the events under an accounting equation.
b. Prepare an income statement, balance sheet, and statement of cash flows for the Year 1 accounting period.
c. Ignoring all other future events, what is the amount of service revenue that would be recognized in Year 2?

Answers

Assets = Liabilities + Stockholders' Equity in the YARD DESIGNS Accounting Equation Event Cash = Retained Earnings + Unearned Revenue Adjusting $20400 to $20400 plus $0 $0 = ($5100) $510

What is meant by a Balance Sheet ?

A balance sheet, also referred to as a statement of financial position or a statement of financial condition in financial accounting, is a summary of the financial standing of a person or an organization, whether they are sole proprietors, partners in a business, corporations, private limited companies, or other entities like governments or not-for-profits.

A precise date, such as the conclusion of the company's fiscal year, is used to list the assets, liabilities, and ownership equity. As a "snapshot of a company's financial state," a balance sheet is frequently referred to.

Each and every financial statement of an organization is summarized in it. The balance sheet is the only one of the four fundamental financial statements that pertains to just one point in time on a company's calendar.

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How do you build a beginners portfolio?

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Building a beginner's investment portfolio can be a daunting task, but here are some general steps to help you get started:

Set your investment goalDetermine your risk toleranceDiversify your portfolio

What is beginners portfolio?

Set your investment goals: Before investing, it's essential to determine your investment goals, whether it's for long-term growth, short-term gains, or income. It's important to have a clear understanding of your investment objectives to make informed decisions.

Determine your risk tolerance: Investing always comes with risks, and it's important to identify your risk tolerance. Your risk tolerance will determine how much risk you're willing to take with your investments. Generally, investments that offer higher potential returns also come with higher risks.

Lastly, Diversify your portfolio: Diversification is key to managing risk. It means spreading your investments across different asset classes, such as stocks, bonds, and real estate, to minimize the impact of a single asset's poor performance.

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Given the following information, calculate the sales dollars needed to achieve the target profit. Target profit after tax $4,500 Fixed costs $2,000 Contribution margin ratio 40% Tax rate 25% O $16,250 O $30,000 O $21,000 O $20,000 4

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$20000 is the sales dollars needed to achieve the target profit.

What is  the target profit?

A profit target is a set price at which an investor intends to terminate a trade having made a profit.

                           Investors and technical traders utilize profit targets as a component of numerous trading systems to control risk, and the profit objective can be set using a variety of methods or standards.

Given -

Fixed cost = $2000

Target profit after tax = $4500

Contribution margin ratio = 40%

tax rate = 25 %

sales dollar =  fixed cost +{ target profit after tax/ (1-0.25) }

                 =  2000 + { 4500 / 0.75 }

                = 2000 + 6000

                 =  $ 8000 / 0.40

               =  $20000

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