Online recommendation engines typically are based on

Answers

Answer 1

Answer:

An online recommendation engine is a set of software algorithms that uses past user data and similar content data to make recommendations for a specific user profile. An online recommendation engine is a set of search engines that uses competitive filtering to determine what content multiple similar users might like.

Explanation:


Related Questions

The Coffee Shop around the Corner (CS) is famous for its fresh-made muffins. Hank, the owner of CS, knows that the demand for muffins depends very much on the time of the day: The demand is high in the morning decreases in the afternoon hours and is at its lowest in the evening. Hank is having trouble deciding how many muffins to make for each period of the day. He asked you to help him forecast the demand. If you do a good job in forecasting the demand for tomorrow, Hank will pay you to do this job on a recurring basis. The following is the demand data Hank collected in the past three days:
Day 1 2 3
Period Morning Afternoon Evening Morning Afternoon Evening Morning Afternoon Evening
Demand 37 25 9 48 28 14 53 33 17
Using a 5-period moving average, forecast the morning, afternoon and evening demand for muffins on day 4.

Answers

Answer:

The Coffee Shop around the Corner (CS)

5-period Moving Average Forecast of Demand

Day 4        Based on Average   Educated Guess

Morning            29.8                       41

Afternoon         29.8                       30

Evening            30.8                        19

Explanation:

a) Data and Calculations:

Day 1           Demand    5-period Moving

                                           Average

Morning           37

Afternoon       25

Evening            9

Day 2

Morning         48

Afternoon      28                     29.4

Evening          14                     24.8

Day 3

Morning        53                     30.4

Afternoon     33                     35.2

Evening         17                     29.0

Day 4

Morning                                29.8

Afternoon                             29.8

Evening                                30.8

b) Given that for the past three days, coffee demand in the evenings had not exceeded 20, we can tweak the evening demand to less than 20 and carry the remainder to the morning when demand is always high.  In that case, the demand on day 4 may read more like, Morning 41, Afternoon 30, and Evening 19.

Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator.
The GDP deflator for this year is calculated by dividing the___using_____by the____using_____and multiplying by 100. However, the CPI reflects only the prices of all goods and services______. Indicate whether each scenario will affect the GDP deflator or the CPI for the United States.
Shows up in the... GDP
Scenario Deflator CPI
A decrease in the price of a Treewood Equipment feller
buncher, which is a commercial forestry machine made
in the U.S. but not bought by U.S. consumers.
An increase in the price of a Japanese-made television
that is popular among U.S. consumers.

Answers

Answer:

GDP deflator for this year is calculated by dividing the value of all goods and services produced in the economy using this year's prices by the value of all goods and services produced in the economy using the base year's prices. However, the CPI reflects only the prices of all goods and services bought by the consumers.

1. Scenario: A decrease in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine made in the U.S. but not bought by U.S. consumers

Shows up: In the GDP Deflator not CPI

2. Scenario: An increase in the price of a Japanese-made television that is popular among U.S. consumers.

Shows up: In the CPI not GDP Deflator

A new oven will save $100 per year in electricity expense. How much can we afford to pay for this oven if it is expected to last 15 years

Answers

Answer:

$557.55

Explanation:

Missing word "The interest rate is 16​% per year"

Present Value of annuity of 1 = (1-(1+i)^-n)/i

Where, i = 16%, n=15

Present Value of annuity of 1 = (1-(1+0.16)^-15)/0.16

Present Value of annuity of 1 = 5.575456

Present Value of saving of electricity expense = Annual Saving * Present Value of annuity of 1 = $100.00 * 5.575456 = $557.55. So, the amount we can afford to pay is $557.55

Here is the ledger for Blossom Company.

Cash
Oct. 1 8,660 Oct. 4 2,060
Oct. 10 2,640 Oct. 12 3,160
Oct. 10 9,660 Oct. 15 360
Oct. 20 810 Oct. 30 410
Oct. 25 3,660 Oct. 31 610

Accounts Receivable
Oct. 6 910 Oct. 20 810
Oct. 20 1,030

Supplies
Oct. 4 2,060 Oct. 31 1,840
Equipment
Oct. 3 4,660
Notes Payable
Oct. 10 9,660

Accounts Payable
Oct. 12 3,160 Oct. 3 4,660
Common Stock
Oct. 1 8,660
Oct. 25 3,660

Dividends
Oct. 30 410
Service Revenue
Oct. 6 910
Oct. 10 2,640
Oct. 20 1,030
Salaries and Wages Expense
Oct. 31 610
Supplies Expense
Oct. 31 1,840
Rent Expense
Oct. 15 360

Required:
Reproduce the journal entries for only the transactions that occurred on October 1, 10, and 20.
b.Prepare a trial balance at October 31.

Answers

Answer:

1/Oct : Cash (Dr.) $8,660

Accounts Receivable (Cr.) $8,660

10/Oct : Equipment & Supplies (Dr.) $9,660

Notes Payable (Cr.) $9,660

20/Oct : Accounts Receivable (Dr.) $2,640

Service Revenue (Cr.) $2,640

Explanation:

Debits $16,960

Cash 6,600

Accounts Receivable 1,840

Supplies 1,840

Equipment 4,660

Dividend 2,020

Credits : $16960

Accounts Payable 4,660

Notes Payable 9,660

Service Revenue 2,640

A computer sends a packet of information along a channel and waits for a return signal acknowledging that the packet has been received. If no acknowledgment is received within a certain time, the packet is re-sent. Let X represent the number of times the packet is sent. Assume that the probability mass function of X is given byp(x) ={ cx , for x=0,1,2,...50 , otherwieFind P(X = 2).

Answers

Answer:

The answer is "[tex]\frac{2}{15}[/tex]" .

Explanation:

[tex]\to x = 0, 1, 2, 3, 4, 5\\\\\to p(x) \ for \ x \ = 0, 1, 2, 3, 4, 5 = 0\\\\ \to c, 2c, 3c , 4c, 5c = 1\\\\\to 0 + c + 2c + 3c + 4c + 5c = 1\\\\\to 15c = 1\\\\\to c = \frac{1}{15}\\[/tex]

[tex]\to p(x) \ for \ x \ = 0, 1, 2, 3, 4, 5 = 0\\\\ \to \frac{1}{15}, \frac{2}{15}, \frac{3}{15}, \frac{4}{15}, \frac{5}{15}[/tex]  

[tex]\to P(X=2)=\frac{2}{15}[/tex]

TRANSACTIONS
1. Paid $2,100 for utilities.
2. Performed services for $10,500 on account
3. Received $6,500 from charge account customers
4. Paid salaries of $4,500 to employees
5. Paid $8,000 to a creditor on account.
6. Owner invested $90,000 in the business.
7. Purchased $26,700 of supplies on account.
8. Purchased equipment for $21,000 cash
9. Paid $6,000 for rent (in advance).
10. Performed services for $7,800 cash.
Indicate the impact of each of the transactions below on the fundamental accounting equation (Assets Liabilities+Owner's Equity) by placing a "+" to indicate an increase and a "-" to indicate a decrease. The first transaction is entered as an example. (If transaction causes one account to increase and another to decrease within the same classification of the accounting equation, select +/-)
Assets Liabilities +Owner's Equity
Transaction 1
Transaction 2
Transaction 3
Transaction 4
10. Performed services for $7,800 cash.
indicate the impact of each of the transactions below on the fundamental accounting equation (Assets = Liabilities + Owner's Equity) by placing a "+" to indicate an increase and a "-" to indicate a decrease. The first transaction is entered as an example. (If transaction causes one account to increase and another to decrease within the same classification of the accounting equation, select
+1) Assets Liabilities Owner's Equity
Transaction 1
Transaction 2
Transaction 3
Transaction 4
Transaction 5
Transaction 6
Transaction 7
Transaction 8
Transaction 9
Transaction 10

Answers

Answer:

Transactions and their Effects on the Accounting Equation

1. Paid $2,100 for utilities.

Assets (Cash -$2100) = Liabilities + Equity (Retained Earnings -$2100)

2. Performed services for $10,500 on account

Assets (Accounts Receivable +$10,500) = Liabilities + Equity (Retained Earnings +$10,500)

3. Received $6,500 from charge account customers

Assets (Cash +$6,500; Accounts Receivable -$6,500) = Liabilities + Equity

4. Paid salaries of $4,500 to employees

Assets (Cash -$4,500) = Liabilities + Equity (Retained Earnings -$4,500)

5. Paid $8,000 to a creditor on account.

Assets (Cash -$8,000) = Liabilities (Accounts payable -$4,500) + Equity

6. Owner invested $90,000 in the business.

Assets (Cash +$90,000) = Liabilities + Equity (Common Stock +$90,000)

7. Purchased $26,700 of supplies on account.

Assets (Inventory +$26,700) = Liabilities + Equity (Retained Earnings +$26,700)

8. Purchased equipment for $21,000 cash

Assets (Equipment +$21,000; Cash -$21,000) = Liabilities + Equity

9. Paid $6,000 for rent (in advance).

Assets (Cash -$6,000; Prepaid Rent +$6,000) = Liabilities + Equity

10. Performed services for $7,800 cash.

Assets (Cash +$7,800) = Liabilities + Equity (Retained Earnings + $7,800)

Explanation:

The effects of transactions on the accounting equation of assets = liabilities + equity demonstrates that each transaction affects two accounts and makes the equation to remain in balance.

Ananda owns a clothing store that sells graphic T-shirts. N is the number of shirt she sells each month. the revenue function of her store is our equals 25n the cost function of her store is C equals 10n +900 using a calculator what is the breaking even point of Amanda store

Answers

Answer:
n = 60 shirts
Step-by-step explanation:
The break-even point is the point where revenue is equal to cost. This means we take the equation for revenue, r = 25n, and set it equal to the equation for cost, c = 10n + 900:
25n = 10n + 900
Subtract 10n from each side:
25n - 10n = 10n + 900 - 10n
15n = 900
Divide both sides by 15:
15n/15 = 900/15
n = 60

Sosa Diet Supplements had earnings after taxes of $1,170,000 in 20X1 with 347,000 shares of stock outstanding. On January 1, 20X2, the firm issued 103,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 31 percent.
a. Compute earnings per share for the year 20X1. (Round your answer to 2 decimal places.)
b. Compute earnings per share for the year 20X2. (Round your answer to 2 decimal places.)

Answers

Answer:

A. $3.37

B. $3.41

Explanation:

A.Computation for earnings per share for the year 20X1

20X1 Earnings per share= $1,170,000/347,000

20X1 Earnings per share= $3.37

Therefore earnings per share for the year 20X1 will be $3.37

B. Computation for earnings per share for the year 20X2.

First step is to calculate the Earnings available to common stockholders

Earnings available to common stockholders = $1,170,000x (1+.31 )

Earnings available to common stockholders = $1,170,000x 1.31

Earnings available to common stockholders = = $1,532,700

Second step is to calculate the Common shares outstanding

Common shares outstanding = 347,000 + 103,000

Common shares outstanding = 450,000

Now let calculate the earnings per share for the year 20X2

20X2 Earnings per share=$1,532,700/450,000

20X2 Earnings per share = $3.41

Therefore earnings per share for the year 20X2 will be $3.41

After the accounts have been adjusted at April 30, the end of the fiscal year, the following balances were taken from the ledger of Nuclear Landscaping Co.:________.
Felix Godwin, Capital $643,600
Felix Godwin, Drawing 10,500
Fees Earned 356,500
Wages Expense 283,100
Rent Expense 56,000
Supplies Expense 11,500
Miscellaneous Expense 13,000
Journalize the two entries required to close the accounts.

Answers

Answer:

April 30

Dr Fees earned 356,500

Cr Income summary356,500

April 30

Dr Income summary 363,600

Cr Wages expense 283,100

Cr Rent expense 56,000

Cr Supplies expense 11,500

Cr Miscellaneous expense 13,000

April 30

Dr Felix Goodwin, capital 7,100

Cr Income summary 7,100

April 3.0

Dr Felix Goodwin, capital 10,500

Cr Felix Goodwin, drawing 10,500

Explanation:

Preparation of the journal entry for the two entries required to close the accounts.

April 30

Dr Fees earned 356,500

Cr Income summary356,500

April 30

Dr Income summary 363,600

(283,100+56,000+11,500+13,000)

Cr Wages expense 283,100

Cr Rent expense 56,000

Cr Supplies expense 11,500

Cr Miscellaneous expense 13,000

April 30

Dr Felix Goodwin, capital 7,100

Cr Income summary 7,100

(363,600-356,500)

April 3.0

Dr Felix Goodwin, capital 10,500

Cr Felix Goodwin, drawing 10,500

Sheridan Company has $21000 of ending finished goods inventory as of December 31, 2019. If beginning finished goods inventory was $15000 and cost of goods sold was $50000, how much would Sheridan report for cost of goods manufactured

Answers

Answer:

$56,000

Explanation:

The computation of the cost of goods manufactured is shown below:

As we know that

Cost of goods sold = Opening finished goods inventory + cost of goods manufactured - ending finished goods inventory

$50,000 = $15,000 + cost of goods manufactured - $21,000

So, the cost of goods manufactured is

= $50000 + $6,000

= $56,000

On November 1, Jasper Company loaned another company $270,000 at a 8.0% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31. The amount of interest revenue that should be reported in the first year is:

Answers

Answer:

The interest revenue that should be reported in the first year, for two months from November to December, on 31 December is $3600.

Explanation:

According to the accrual basis of accounting, the revenues and expenses for a particular period should be recorded in the period to which they relate to rather then when they are received or paid. This means that although the interest will be received on March 1 of the next year, the interest revenue on note receivable for a period of two months from November to December should be recorded in the first year because it has been earned in the first year and it relates to it.

Interest revenue - first year = 270000 * 0.08 * 2/12 = $3600

Suppose Nationwide increases the insurance premium they charge for their auto policies by 6 percent. In response, the demand for State Farm auto policies in a small town increases from 1,500 to 1,650. What is the cross-price elasticity of demand for State Farm auto policies in this town?Using the midpoint formula, the cross-price elasticity of demand for State Farm auto policies is _____. (Round to 3 decimal places.)In this instance, auto insurance from Nationwide and auto insurance from State Farm are _____.

Answers

Answer:

1.667

Explanation:

% Change in Quantity Demanded in units = (1650 - 1500 / 1500)*100 = (150/1500) * 100 = 10%

% Change in Price = [(1.06x-x)/x]*100 = (0.06/1)*100 = 6%

Cross-price elasticity of demand is given Ec = (% Change in Quantity Demanded of good / % Change in Price of good)

Cross-price elasticity of demand = 10% / 6%

Cross-price elasticity of demand = 0.10 / 0.06

Cross-price elasticity of demand = 1.6666666667

Cross-price elasticity of demand = 1.667

Therefore, the cross-price elasticity of demand of State Farm Auto Policies is 1.667.

An increase in which of the following will increase the return on equity, all else constant I. Total asset turnover. II. Net income. III. Total assets. IV. Debt-equity ratio. I only. I, II, and III only. I and II only. I, II, and IV only. I, II, III, and IV.

Answers

Answer:

I and II only.

Explanation:

Return on equity (ROE) is an example of a profitability ratio.

Profitability ratios measures the ability of a company to earn profits from its assets.

ROE = Net income / Average total equity

If ROE increases, it means that net income increases more than average total equity

Total asset turnover = Revenue / average total assets

(Net Income/ Net profit margin) / Total Assets

All else remaining constant, if ROE increases, it means that revenue also increases more than average total asset

Since Net income is the numerator in ROE, it means it would also increase

Total asset and debt equity ratio is not a component of ROE, so the effect of ROE on them can't be determined

Davis acquires 100% of Reynolds in an acquisition . At date of acquisition , Reynolds had in process research and development costs they had spent $300, 000 for 3 years ago and is now recorded on its books at $100, 000 This R and D has not yet reached technological feasibility and no alternative use has been identified. At acquisition date, Reynolds continues to work on this project and the fair value is considered to be $200, 000. How much will Davis recorded this for at acquisition date using the:__________.
a. Acquisition method
b. Purchase method
c. Pooling of interests method
d. Do either of answers a, b, c above differ is this transaction was structured as either a statutory merger or statutory consolidation.

Answers

Answer:

a) When an asset is acquired in any form, it is been acquired at the fair market value of that asset which is $200,000. In this case, since the product is not yet technically feasible, so the same amount shall be disclosed in the balance sheet as it is still contingent.

b) When an asset it purchased we look for market value of the asset. So it will be booked at $200,000 but the contingent clause shall not be mentioned here.

c) In case of pooling of interest the book value of the asset i.e $ 1,000,000 shall be the value to be recorded in the books of account.

d) The answers would not differ.

Roberto and Reagan are both 25-percent owner/managers for Bright Light Incorporated. Roberto runs the retail store in Sacramento, California, and Reagan runs the retail store in San Francisco, California. Bright Light generated a $131,300 profit companywide made up of a $76,800 profit from the Sacramento store, a ($29,500) loss from the San Francisco store, and a combined $84,000 profit from the remaining stores. If Bright Light is taxed as a partnership and it is decided that both Roberto and Reagan will be allocated 70 percent of his own store's profit, with the remaining profits allocated pro rata among all the owners, how much income will be allocated to Reagan in total

Answers

Answer: $‭3,897.5‬0

Explanation:

The profit that is to be shared on a pro rata basis will include:

a. The $84,000 profit from the remaining stores

b. 30% of the profit from Sacramento

c. 30% of the loss from San Francisco

= 84,000 + (0.3 * 76,800) + (0.3 * -29,500)

= $‭98,190‬

Reagan is to get 25% of the above as well as 70% of San Francisco losses.

= (0.25 * ‭98,190‬) + (0.7 * -29,500)

= ‭24,547.5‬0 - ‭20,650‬

= $‭3,897.5‬0

Fox Corporation has provided its contribution format income statement for June. The company produces and sells a single product: sales (2,700 units), $261,900; variable costs, $102,600; contribution margin, $159,300; fixed costs, $136,300; and operating profit, $23,000.If the company sells 3,000 units, its total contribution margin should be closest to _____.A. $25,556

Answers

Answer:

Total contribution margin= $177,000

Explanation:

First, we need to calculate the unitary contribution margin:

Unitary contribution margin= total contribution margin / number of units

Unitary contribution margin= 159,300 / 2,700

Unitary contribution margin= $59

Now, the total contribution margin for 3,000 units:

Total contribution margin= 3,000*59

Total contribution margin= $177,000

Skysong Industries collected $92,400 from customers in 2022. Of the amount collected, $22,000 was for services performed in 2021. In addition, Skysong performed services worth $35,200 in 2022, which will not be collected until 2023. Skysong Industries also paid $63,360 for expenses in 2022. Of the amount paid, $26,400 was for expenses incurred on account in 2021. In addition, Skysong incurred $36,960 of expenses in 2022, which will not be paid until 2023.
(a) Compute 2022 cash-basis net income.
(b) Compute 2022 accrual-basis net income. Accrual-basis net income $

Answers

Answer:

(a) Compute 2022 cash-basis net income.

Revenue                                 $92,400

Expenses                               ($63,360)

Net income                            $29,040

(b) Compute 2022 accrual-basis net income.

Revenue  ($92,400 - $22,000 + $35,200)              $105,600

Expenses ($63,360 - $26,400 + $36,960)              ($73,920)

Net income                                                                  $31,680

The journal entry to transfer completed products from production to finished goods inventory includes which two of the following? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
Debit to Finished Goods Inventory ?
Credit to Work in Process Inventory ?
Credit to Finished Goods Inventory ?
Debit to Work in Process Inventory ?
Debit to Raw Materials Inventory ?
Credit to Raw Materials Inventory ?

Answers

Answer:

Debit finished goods inventory

Credit Work in Process Inventory

Explanation:

The journal entry that is required to transfer the completed products from the production stage to finished goods inventory which is the amount of goods in the inventory that have been produced and as well is available and ready for customer to buy will includes to Debit finished goods inventory and to Credit Work in Process. Inventory

Debit finished goods inventory

Credit Work in Process Inventory

(Being to record finished goods inventory)

Steve has been given the charge of managing unskilled labor in the production units of his company. These workers are primarily motivated by financial incentives and other perks such as discount coupons and free movie or lunch days. In this scenario, which of the following power bases should Steve primarily use to influence the workers to improve their productivity?

a. Referent power
b. Expert power
c. Reward power
d. Information power

Answers

Answer:

c. Reward power

Explanation:

Reward power is the power to influence employees or to impress employees by giving them some reward for doing certain things. The reward is clear and vague .                                                  so correct option is c. Reward power

Estimate the value of a loyal customer of a loyal Volvo automobile owner. Assume the contribution margin is 0.28, the purchase price is $63,000, the repurchase frequency is every six years, and the customer defection rate is 22 percent. Do not round intermediate calculations. Round your answer to the nearest dollar.

Answers

Answer:

value of a loyal customer = $481,091 (to the nearest dollar)

Explanation:

The Value of a loyal customer (VLC) is the measure of loyalty shown by the customer in choosing a company over its direct competitors every time.

To calculate VLC, the following formula is used:

VLC = (purchase price) × (contribution margin) × (repurchase frequency) × (buyer's life cycle).

From the list of data in the question, you will notice that 'buyer's life cycle (BLC)' is not given. Now, let us calculate BLC.

BLC = 1 ÷ (defection rate)

Defection rate = 22% = 22/100 = 0.22

∴ BLC = 1 ÷ (0.22) = 1/0.22 (do not round intermediate calculations)

∴ VLC = 63,000 × 0.28 × 6 × (1/0.22)

[tex]VLC = \frac{63000 \times 0.28 \times 6}{0.22} \\= 481,090.91[/tex]

= $481,091 (to the nearest dollar)

The value of a loyal customer of a loyal Volvo automobile owner is $481,091.

What is a calculation of the value of a loyal customer?

The value of loyal customers or VLC is derived by multiplying the values of the purchase price, contribution margin, repurchase frequency, and buyer's life cycle with each other.

Here, the buyer's life cycle would be calculated by dividing 1 by the defection rate.

Now, VLC would be;

[tex]VLC=63,000*0.28*6*\frac{1}{0.22} \\=481,090.91[/tex]

Learn more about the value of customers here:

https://brainly.com/question/14186307

Presented below is information related to equipment owned by Suarez Company at December 31, 2017.
Cost $9,000,000
Accumulated depreciation to date 1,000,000
Expected future net cash flows 7,000,000
Fair value 4, 800,000
Assume that Suarez will continue to use this asset in the future. As of December 31, 2017, the equipment has a remaining useful life of 4 years.
Instructions
(a) Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2017.
(b) Prepare the journal entry to record depreciation expense for 2018.
(c) The fair value of the equipment at December 31, 2018, is $5, 100,000. Prepare the journal entry (if any) necessary to record this increase in fair value.

Answers

Answer and Explanation:

The journal entries are shown below:

But before that following calculations need to be done

For impairment loss

Cost $9,000,000

Less: Accumulated Deprecation-equipment $1,000,000

Net Value $8,000,000

Less: Fair value $4,800,000

Loss on Impairment $3,200,000

For depreciation expense

Fair value $4,800,000

Life 4 years

Depreciation Expenses $ 1,200,000

The journal entries are as follows:

1 Loss on Impairment $3,200,000

        To Accumulated Deprecation-equipment $3,200,000

(being loss on impairment is recorded)

2 Depreciation Expenses $1,200,000

       To Accumulated Deprecation-equipment $1,200,000

(Being depreciation expense is recorded)

3 No Journal Entry is required

The journal entries of the above transactions are shown in the image below.

What is journal entry?

Journal entry is the of recording all the financial transactions of the business in which all the business transactions are recorded whether it is actually received or not.

Computation of the amount of the journal entry:

Amount for impairment of the loss:

According to the given information,

Cost = $9,000,000

Accumulated Deprecation-equipment  = $1,000,000

Fair value = $4,800,000

Now put the values in the formula,

[tex]\text{Loss on Impairment} = \text{Cost} - \text{Accumulated Deprecation}- \text{Fair Value}\\\text{Loss on Impairment} = \$9,000,000 - \$1,000,000 - $4,800,000\\\text{Loss on Impairment} = \ $3,200,000[/tex]

Therefore, the journal entry of the above transactions are given in the image below.

Learn more about the journal entry, refer to:

https://brainly.com/question/15889958

Bill operates a proprietorship using the cash method of accounting, and this year he received the following: $130 in cash from a customer for services rendered this year a promise from a customer to pay $194 for services rendered this year tickets to a football game worth $235 as payment for services performed last year a check for $176 for services rendered this year that Bill forgot to cash How much income should Bill realize on Schedule C

Answers

Answer:

$541

Explanation:

Calculation for How much income should Bill realize on Schedule C

Income realize on Schedule C=$130 + $235 + $176=

Income realize on Schedule C=$541

Therefore the amount of income that Bill should realize on Schedule C is $541

A time ticket: Multiple Choice Shows the time that a department's employees worked on all jobs, the pay rate of each employee, and the total cost chargeable to each job. Shows the time an employee worked on each job, the pay rate, and the total cost chargeable to each job. Shows the time an employee worked on each job only. Shows the time an employee worked on each job and the total cost chargeable to each job only.

Answers

Answer:

Shows the time an employee worked on each job, the pay rate, and the total cost chargeable to each job.

Explanation:

A time ticket is a document that constitutes of the working period of the particular employee. It includes the working period for which the employee has been paid by the company. It constitutes of the initial time of the working day and the ending time of the day. The work hour for which the employee is paid and the cost invoked during the course of the period is also listed in the time ticket.

On March 25, 2021, Phillips Corporation purchased bonds of Atlas Corporation for $132 million and classified the securities as trading securities. On December 31, 2021, these bonds were valued at $150 million. Three months later, on April 3, 2022, Phillips Corporation sold these bonds for $140 million. As part of the multi-step approach to record the 2019 transaction, Phillips Corporation should first update the fair value adjustment by recording:A. An unrealized holding gain of $28 million in 2019.B. A unrealized holding loss of $10 million in 2019.C. An unrealized holding gain of $8 million in 2019.D. A gain of $8 million in 2019.

Answers

Answer:

B. A unrealized holding loss of $10 million in 2022.

Explanation:

By December 31, 2021, the bonds were worth $150 million, resulting in an $18 million unrealized gain. By the time the bonds were sold, their price had deceased to $140 million, which means that $10 million of the $18 million previous gain had been erased. Therefore, the adjusting entry on December 31, 2022, should include the $10 million unrealized loss.

Suppose Manuel is the only seller in the market for bottled water and Hubert is the only buyer. The following lists show the value Hubert places on a bottle of water and the cost Manuel incurs to produce each bottle of water:
Hubert's Value Manuel's Costs
Value of first bottle: $10 Cost of first bottle: $1
Value of second bottle: $7 Cost of second bottle: $3
Value of third bottle: $3 Cost of third bottle: $7
Value of fourth bottle: $1 Cost of fourth bottle: $10
The following table shows their respective supply and demand schedules:
Price Quantity Demanded Quantity Supplied
$1 or less 4 0
$1 to $3 3 1
$3 to $7 2 2
$7 to $10 1 3
More than $10 0 4
Use Raphae's supply schedule and Larry's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $5, and $8.
A price of____brings supply and demand into equilibrium.
At the equilibrium price, consumer surplus is_____producer surplus is_____, and total surp is_____.
If Raphael produced and Larry consumed one less bottle of water, total surplus would_____.
if instead, Raphael produced and Larry consumed one additional bottle of water, total surplus would_____.

Answers

Answer:

Manuel and Hubert

A price of__$5__brings supply and demand into equilibrium.

At the equilibrium price, consumer surplus is__$2___producer surplus is__$2___, and total surplus is__$4___.

If Manuel produced and Hubert consumed one less bottle of water, total surplus would__$6___.

if instead, Manuel produced and Hubert consumed one additional bottle of water, total surplus would_$6____.

Explanation:

a) Data and Calculations:

Hubert's Value                                 Manuel's Costs

Value of first bottle:      $10             Cost of first bottle: $1

Value of second bottle: $7              Cost of second bottle: $3

Value of third bottle: $3                   Cost of third bottle: $7

Value of fourth bottle: $1                 Cost of fourth bottle: $10

The following table shows their respective supply and demand schedules:

Price               Quantity        Quantity

                   Demanded     Supplied

$1 or less            4                    0

$1 to $3              3                     1

$3 to $7             2                    2

$7 to $10            1                    3

More than $10   0                   4

Using Manuel's supply schedule and Hubert's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $5, and $8.

Price     Quantity      Quantity

         Demanded     Supplied

$2            3                 1

$5            2                2

$8            1                 3

At the equilibrium price:

Consumer Surplus = $7 - $5 = $2

Producer Surplus =   $5 - $3 = $2

Total surplus is $2 * 2 = $4

The following information is related to Dickinson Company for 2020.

Retained earnings balance, January 1, 2020 $980,000
Sales revenue 25,000,000
Cost of goods sold 16,000,000
Interest revenue 70,000
Selling and administrative expenses 4,700,000
Write-off of goodwill 820,000
Income taxes for 2020 1,244,000
Gain on the sale of investments 110,000
Loss due to flood damage 390,000
Loss on the disposition of the wholesale division (net of tax) 440,000
Loss on operations of the wholesale division (net of tax) 90,000
Dividends declared on common stock 250,000
Dividends declared on preferred stock 80,000

Dickinson Company decided to discontinue its entire wholesale operations (considered a discontinued operation) and to retain its manufacturing operations. On September 15, Dickinson sold the wholesale operations to Rogers Company. During 2020, there were 500,000 shares of common stock outstanding all year.

Required:
Prepare a multiple-step income statement and a retained earnings statement.

Answers

Answer:

Dickson Company

Multi-step Income Statement for the year ended December 31, 2020:

Sales revenue                                      $25,000,000

Cost of goods sold                                 16,000,000

Gross profit                                            $9,000,000

Interest revenue                                            70,000

Total revenue                                        $9,070,000

Selling and

administrative expenses 4,700,000

Write-off of goodwill           820,000   $5,520,000

Income from operations                      $3,550,000

Gain on the sale of investments                110,000

Loss due to flood damage                      (390,000)

Income before taxes                              3,270,000

Income taxes for 2020                          1,244,000

Net Income                                         $2,026,000

Loss on the disposition of

 the wholesale division (net of tax)      (440,000)

Loss on operations of the

 wholesale division (net of tax)              (90,000)

Comprehensive Income                    $1,496,000

EPS = $2.992

Statement of Retained Earnings for the year ended December 31, 2020:

Comprehensive Income                    $1,496,000

Retained earnings balance, Jan, 1         980,000

Dividends: common stock 250,000

Dividends: preferred stock 80,000     (330,000)

Retained earnings, December 31    $2,146,000

Explanation:

a) Data and Calculations:

Retained earnings balance, January 1, 2020 $980,000

Sales revenue 25,000,000

Cost of goods sold 16,000,000

Interest revenue 70,000

Selling and administrative expenses 4,700,000

Write-off of goodwill 820,000

Income taxes for 2020 1,244,000

Gain on the sale of investments 110,000

Loss due to flood damage 390,000

Loss on the disposition of the wholesale division (net of tax) 440,000

Loss on operations of the wholesale division (net of tax) 90,000

Dividends declared on common stock 250,000

Dividends declared on preferred stock 80,000

b) EPS = $2.992 ($1,496,000/500,000 shares)

Mr. Brew Cafeteria has computed the indifference point between debt and common equity financing options to be $4 millions of EBIT. EBIT is approximately normally distributed with an expected value of $4.5 million and a standard deviation of $600,000. What is the probability that the equity financing option will be superior to the debt option

Answers

Answer: 20.33%

Explanation:

The probability of having the equity financing option having higher figures than debt is the probability of having EBIT lower than the indifference point of $4million. We would use the z-score to find the probability of having a lower EBIT.

z-score = indifference point - expected EBIT/ standard deviation

Which would be; 4000000-4500000/600000= -0.83.

From our table, -0.83 is 20.33%.

Suppose a​ student-athlete has the opportunity to earn ​$600,000 next year playing for a minor league baseball​ team, ​$100,000 next year playing for a European professional football​ team, or​ $0 returning to college for another year.
The opportunity cost of the​ student-athlete returning to college next year is ​$

I entered $100,000 and got it wrong.

Answers

Answer:

it's 0

Explanation:

hes returning to college and making zero money

Franklin, Inc uses activity-based costing. The company produces X and Y. Information relating to the two products is as follows:
X Y
Units produced 38,000 50,000
Machine-hours 15,000 17,000
Direct labor-hours 16,000 24,000
Materials handling (number of moves) 8,000 12,000
Setups 10,000 14,000
The following costs are reported:
Materials handling $160,000
Labor-related overhead 480,000
Setups 240,000
Labor-related overhead costs assigned to product X are:________
A. $192,000
B. $232,000
C. $288,000
D. $272,500

Answers

Answer:

A. $192,000

Explanation:

The computation of the labor related overhead cost is shown below:

= (Labor related overhead cost) ÷ (Total direct labor hours) × direct labor hours of X

= ($480,000) ÷ (16,000 hours + 24,000 hours) × 16,000 hours

= $192,000

hence, the correct option is A.

If TOMS advertised its shoes differently

Answers

Answer:

it might have more sales <3

Explanation:

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