operating cash flow per share question 50 options: uses information from the statement of cash flows and the income statement. uses information from the balance sheet and the statement of cash flows. uses information from the income statement and the balance sheet. all of these. g

The correct answer is (b) Debit Income Summary $75,000; credit Revenues $75,000.

This is because option (b) is an incorrect closing entry as it debits the Income Summary account, which should only be credited with the total revenue earned during the period. The correct entry for closing the books would be to debit Income Summary $13,000 (which is the net income) and credit Owner's, Capital $13,000 to reflect the owner's equity in the business.

Option (a) is a correct closing entry, which debits Revenues for the total revenue earned during the period and credits Income Summary for the same amount.

Option (c) is also a correct closing entry, which debits Income Summary for the net income and credits Owner's, Capital to reflect the owner's equity in the business.

Option (d) is a correct closing entry, which debits Income Summary for the total expenses incurred during the period and credits Expenses for the same amount.

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The correct formula that is used to calculate the current ratio of business is option B "current assets divided by current liabilities"

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The effect of transaction on individual asset accounts, individual liability accounts, Capital Stock account, and Retained Earnings account would be different.

Capital stock refers to the total amount of common and preferred shares that a company is authorized to issue and sell to its shareholders. This is the amount of money that investors have contributed to a company in exchange for ownership rights. The capital stock of a company represents the long-term funding sources of the organization and serves as a key indicator of its financial health. A company's board of directors determines the number of authorized shares of capital stock, which can be issued to shareholders. These shares represent a claim on the company's assets and earnings, and entitle shareholders to vote at the company's annual meetings, as well as receive dividends if the company generates profits. Capital stock can also be used to raise additional funds through secondary offerings.

Individual Asset Accounts: The purchase of printing equipment will increase the Fixed Asset account by $4,000.

Individual Liability Accounts: The company agreed to pay balance at a later date, which means they have incurred a liability. The Accounts Payable account will increase by $2,400 (60% of $4,000).

Retained Earnings Account: The purchase of equipment does not affect Retained Earnings account.

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This is a useful note-taking strategy because it permits precise and thorough information collection, reducing the possibility of overlooking crucial particulars.

The method Alma used to take note-taking strategy what the instructor said on the board—can be beneficial for a variety of reasons. First of all, it enables her to remember all of the important ideas and facts that were covered in class. This is especially helpful if the subject matter discussed is intricate or substantial. Second, having a comprehensive collection of notes might make it simpler to review the content later on and prepare for tests. Thirdly, it can act as a fallback in case anything is forgotten or missed during the lesson. It is crucial to remember that this approach might not be effective for all pupils because some could find it challenging to maintain their focus while taking in-depth notes at the same time.

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Real Interest Rate 10% 0% -3%When the rate of inflation is greater than the interest rate on Devon's deposit, the purchasing power of her deposit falls over the course of the year.

Real interest rates are interest rates that have been modified to take inflation into account. Once modified, it reflects the actual cost of borrowing money for a borrower and the actual yield received by a lender or investment. The rate at which prices increase over a specific time period is known as inflation.

Initially, Devon's $4,000 deposit has a purchasing power of 200 denim jackets ($4,000 ÷ $20.00 per jacket).

Given Annual Inflation Rate 0% 10% 13%
Number of Jackets Devon Can Purchase after One Year 200 180 174

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Option (c), The broker was unable to notify the seller of the signed agreements because he is out of town for the weekend. The document is currently an Offer.

The three original documents that are deemed to be the most significant are the purchase agreement, a deed, and any mortgage or trust deed. If the originals are lost or destroyed, you might be able to obtain certified copies of these documents from the lender or closing company, but unless absolutely essential, you should just not reliance on someone else's record-keeping practices.

A set of conditions that are outlined in the Sale and Purchase Agreement have been accepted by both the buyer and the seller. One of the clearest examples of this is the discussion on the price of the apartment at the time it was purchased. The agreement would include the apartment's agreed-upon valuation, which the buyer and seller had agreed upon.

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The complete question is:

A real estate professional has found a buyer for a seller's home. The buyer has indicated in writing a willingness to buy the property for $1,000 less than the asking price and has deposited $5,000 in earnest money with the real estate professional. The seller is out of town for the weekend, and the real estate professional has been unable to inform the seller of the signed document. At this point, the buyer has

A) a voidable contract

B) an executory agreement

C) an offer

D) an implied contract

All except d) performance reviews help to develop informal networks that play an important role in an organization.

Informal networks play a significant role in the exchange of news and information within the organization between peers, superiors, and subordinates, and it's frequently the case that those with the inside track are the first to learn of impending announcements regarding promotions and the introduction of new products.

In addition to this, informal networks can be a good way to bond with coworkers and relieve stress in high-stress environment of today. Sharing coffee or tea during breaks and having light conversations, or "talking shop," as it is also known, can add value to the organization.

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Note that the full question is:

All of the following help to develop informal networks that play an important role in an organization EXCEPT for:

a) Job rotation

b) Company softball team

c) Virtual communities

d) Performance reviews

e) Attendance at a conference

Analyze each transaction and indicate the amount of increases and decreases in the accounting equation.

Assets   =   Liabilities   +   Equity

$27,000= $3,500+8,000+0

The accounting equation is a fundamental principle in accounting that states that assets must always equal the sum of liabilities and equity. The equation is expressed as: Assets = Liabilities + Equity

The assets refers to the economic resources owned by a business or individual, such as cash, accounts receivable and liabilities are the financial obligations or debts owed by the business or individual, such as accounts payable, loans, and mortgages.

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Based on this analysis, the following entries would be included in the journal entry to retire the shares: Debit: Common Stock $100;Debit: Additional Paid-in Capital $1,100;Credit: Cash $1,200

There are a few possible ways to approach this question, but one common method is to  the effects of the stock issuance and repurchase on Frill Corp.'s accounts and then determine which accounts need to be adjusted in the journal entry to retire the shares. Here's one possible solution:Year 1 stock issuance:

Debit: Cash $10,000 (1,000 shares x $10 per share)

Credit: Common Stock $1,000 (1,000 shares x $1 par value)

Credit: Additional Paid-in Capital $9,000 (the excess of the issuance price over the par value)

Year 3 stock repurchase and retirement:

Debit: Common Stock $100 (100 shares x $1 par value)

Debit: Additional Paid-in Capital $1,100 (the excess of the repurchase price over the par value and the original issuance price)

Credit: Cash $1,200 (100 shares x $12 per share)

Based on this analysis, the following entries would be included in the journal entry to retire the shares:

Debit: Common Stock $100

Debit: Additional Paid-in Capital $1,100

Credit: Cash $1,200

Therefore, the correct options are:

Debit: Common Stock

Debit: Additional Paid-in Capital

Credit: Cash

Note that the total amount debited ($1,200) equals the total amount credited ($1,200), which ensures that the journal entry is balanced. Also, the retirement of the shares reduces the total number of outstanding shares from 1,000 to 900 (1,000 - 100), which may affect the calculation of earnings per share and other financial ratios.

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Individuals who purchased bonds from the company have the highest priority for repayment in case of financial difficulties.

The reason for this is that bonds are considered debt instruments and bondholders are considered creditors. The company has a legal obligation to pay back the principal amount and interest to the bondholders before any other payment to shareholders or other stakeholders.

Bonds are issued by companies to borrow money from investors.

Bondholders are creditors of the company and have a legal claim on the assets of the company.

In case of financial difficulties, the company must prioritize the repayment of its debts, including bonds.

Bondholders have the highest priority for repayment, followed by other creditors such as banks or suppliers.

Shareholders, on the other hand, have a lower priority and may not receive any payment if the company is unable to repay its debts.

In summary, bondholders have the highest priority for repayment in case of financial difficulties as they are considered as creditors of the company.

This is because bonds are debt instruments that create a legal obligation for the company to repay the principal amount and interest to the bondholders before any other payment to shareholders or other stakeholders.

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The answer is True, General purpose governments generally provide a wider range of services to their residents than do special purpose governments is true.

The structure used to run a state or a community is called a government. Government is described by the Columbia Encyclopedia as "a system of social management where the power to enact laws and to enforce them is vested in a certain group in society."

A government is a structure whereby authorities use their authority to enact and uphold laws. The fundamental duties of a government include providing direction, upholding the law, delivering public services, ensuring national security, ensuring economic security, and assisting with the economy.

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The following are normally included in a credit application:

Credit applications typically request information about a borrower's financial situation, including other credit relationships, bank accounts, and liabilities.

This information is used by lenders to evaluate the borrower's creditworthiness and ability to repay the loan. Information about family life and driving record is generally not relevant to the credit application process.

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The complete question  is:

Which of the following are normally included in a credit application? Information about: (Select all that apply)

- Family life

- Other credit relationships

- Bank accounts

- Liabilities

- Driving record

Option a) decrease in asset and as decrease in liability suits the given example of 'purchasing a machine for cash'.

In financial accounting, a liability is defined as a future sacrifice of economic benefit that an enterprise must make to another enterprise as a result of past transactions or other past events, the settlement of which is the transfer or use of an asset. can result in provision of services or other future economic benefits.

A liability is defined by the following characteristics:

Borrowing of any kind from individuals or banks to improve business or personal income payable in the short or long term.

Obligation to others to effect future transfer or use of assets, performance of services, or other settlement of any economic interest upon the occurrence of a specified event or upon request at a specified or determinable time. Or liability.

An obligation or liability that imposes another obligation on the company and leaves little or no discretion to avoid settlement. and,

A transaction that has already occurred or an event mandated by the company

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Complete question:

Purchasing a machine for cash is an example of

a) decrease in asset and as decrease in liability

b) An increase in an asset and an increase in an another asset.

c) an increase in asset and an decrease in an another asset.

d) an increase in liability and a decrease in an stockholders' equity account.

The answer is Dr. - Merchandise Inventory $4,00 to Cr. - Accounts Payable $4,000, is the complete journal entry for the equation.

All of the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: If a newspaper seller utilizes a vehicle to deliver newspapers to consumers, just the newspapers will be counted as inventory. The car will be handled as an asset.

The goal of the inventory is to act as a buffer between production and sales, regulating the flow of goods and guaranteeing that commodities are available when customers place orders. Companies must carefully control their inventory levels to accomplish this goal, possibly investing in the right method.

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True. Although burning fossil fuels to produce electricity is a standard practise across the world, some scientists and economists contend that hydroelectric power is a more effective way to produce energy in places where it makes sense geographically.

Although burning fossil fuels to produce electricity is a standard practise across the world, some scientists and economists contend that hydroelectric power is a more effective way to produce energy in places where it makes sense geographically. In contrast to using fossil fuels, the process of producing electricity by using hydroelectric power involves transforming the energy of falling water into electrical energy. Hydroelectric power facilities are also usually more efficient than fossil fuel-based power plants and do not emit greenhouse gases, which are a factor in climate change. Hydroelectric power has its own environmental effects, such as the destruction of river ecosystems and the eviction of local inhabitants, and it is not practical in all geographical areas.

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If the tuition is set at $70 there will be a surplus at 10 a.m. and a shortage at 8 a.m. Hence, option B is correct.

An item or resource that has more than is currently being used is said to have a surplus. A surplus can relate to a wide range of things, including money, goods, capital, and profits.

When you have more of anything than you need or intend to utilize, you have a surplus. When you prepare a meal, for instance, you have an excess of food if there is any left over after everyone has finished eating.

Thus, option B is correct.

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The journal entry to record the purchase on November 4 would be: The Purchase Discounts account is a contra-expense account that is credited when the company takes advantage of a discount. By crediting this account, the company records the reduction in the cost of goods sold due to the discount.

The image of the journal  is attached below

Generally, the image below

Since Peron Company uses a perpetual inventory system, it records each purchase of merchandise into the Merchandise Inventory account, which is a current asset account that reflects the cost of goods available for sale.

Since the invoice terms are 2/10, n/30, the company can take a 2% discount if it pays within 10 days. The discount is calculated as 2% of the invoice price, or $40 ($2,000 x 2%). The net amount due is $1,960 ($2,000 - $40).

Since the company is using the net method of recording invoices, it records the net amount due in the Accounts Payable account, which is a current liability account that reflects the amount owed to the vendor.

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The ratio of the price of popcorn to the price of pop when Henry is maximizing his utility by consuming 3 bags of popcorn and 3 bottles of pop is 6/5. The correct option is B.

According to the data, Henry is maximizing his utility by consuming 3 bags of popcorn and 3 bottles of pop. To find the ratio of the price of popcorn to the price of pop, we need to use the marginal utility of each good and apply the following formula:

Ratio of price of popcorn to price of pop = Marginal utility of pop / Marginal utility of popcorn

From the data, we can see that the marginal utility of pop at 3 bottles is 70, and the marginal utility of popcorn at 3 bags is 60.

Therefore, the ratio of the price of popcorn to the price of pop is:

Ratio of price of popcorn to price of pop = 70 / 60 = 7 / 6 = 1.1667

So the correct answer is 6/5. In conclusion, the ratio of the price of popcorn to the price of pop when Henry is maximizing his utility by consuming 3 bags of popcorn and 3 bottles of pop is 6/5.

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Dollar Rental Car, Avis, and Hertz compete directly on the same attributes in the same target market, with "head-to-head" positioning.

Head-to-head positioning is a marketing strategy where companies compete directly with each other by emphasizing similar attributes and targeting the same market segment. In the case of Dollar Rental Car, Avis, and Hertz, they are all major players in the car rental industry, offering similar services and targeting similar customers.

To differentiate themselves, they may emphasize factors such as pricing, convenience, availability of certain types of vehicles, or loyalty programs. The goal is to convince customers that their brand offers the best overall value and to win a larger share of the market.

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Fixed costs are sunk costs because they are in the past and cannot be altered. For this reason, fixed costs should play no role in economic decisions about future production or pricing. Variable costs typically show diminishing marginal returns, so that the marginal cost of producing higher levels of output rises.

Based on a detailed understanding of your company's fixed and variable costs, we can establish the price point that will generate a profit for the products or services that you offer. By using this data, you may calculate your break-even point, which is the amount in units or dollars at which total revenues and total costs are equal.

Variable costs often display declining marginal returns, which causes the marginal cost of producing rising amounts of output to rise with these costs. Variable costs vary depending on how much is generated. Examples of variable expenses include raw materials, commissions, and labour.

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Cash flows from operating operations can be calculated directly using: wages given to employees. Money given to suppliers and vendors. Cash received from clients.

The net cash flow from operational activities of a business tells us how much more money is entering or leaving its operations. Both changes to non-cash items and to net income are included in this (Sales less any costs, including taxes, depreciation, and cost of goods sold, among others).

Every new loan or note that a business takes on increases the notes payable account on the balance sheet. Its cash flow is improved as a result of receiving funds from the loan. This amount is listed by the company as a cash inflow in the financing operations section of the cash flow statement.

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The complete question is:

Darkover Inc., as part of its strategic planning process, is considering making some policy changes. What effect (i.e. Increase, Decrease, No Effect) would each the following changes have on Darkover's Net Cash Flow from Operating Activities? Assume that in each case, the change only affects the account or accounts mentioned (i.e. all other accounts are not changed by the action).1-increase2-no effect3-

_____(a) Increase investment in new plant and equipment.

_____(b)Change the collections policy to insure that receivables are collected sooner.

_____(c)Change inventory policy to increase the amount of raw materials kept on hand (work in process and finished goods inventory will remain unchanged).

_____(d)Sell long term bonds and use the proceeds to reduce notes payable

_____(e) Begin paying all employees every week instead of every two week, effectively decreasing accruals.

_____(f)Change accounts payable policy to pay bills in 20 days instead of 10 days.

Service to a firm with more courteous and helpful clerks than its rivals enables the firm to differentiate its good base.

A Customer Service Representative assists customers who have complaints, orders, or questions about the organization's products/services. They also provide solutions that are tailored to the specific needs of the customer at every stage of the process.

This statement emphasizes the importance of providing good customer service and how it can contribute to a firm's success. By focusing on building a base of satisfied customers, a firm can create a competitive advantage that sets it apart from its rivals.

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Fixed premium payments and a benefit payout at the time of death that will depend on investment returns over the life of the policy are Variable life. Because this insurance is a type of permanent life insurance that requires fixed premium payments. So, the correct option is (B).

The benefit payout amount depends on the performance of the investments chosen by the policyholder. The benefit payout is not fixed and can vary based on the investment returns over the life of the policy.

The investment options available in variable life policies are typically mutual funds that invest in stocks, bonds, or other securities. In contrast, whole life, endowment life, and universal life policies provide a fixed benefit payout, and term life insurance policies do not have any cash value or investment component. So, correct answer is (B) Variable life.

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A journal entry is a written record of an individual's thoughts,  observations that are typically recorded on a regular basis, such as daily

The journal entries are as follows:

May 1, 2010:

Cash $954,000

Bonds Payable $900,000

Premium on Bonds Payable $54,000

Interest Expense $36,000

Cash $36,000

Premium on Bonds Payable $9,000

Interest Expense $9,000

Dec 31:

Interest Expense $72,000

Interest Payable $72,000

Premium on Bonds Payable $9,000

Interest Expense $9,000

Jan. 1, 2011:

Interest Expense $108,000

Cash $108,000

April 1:

Bonds Payable $360,000

Loss on Bond Redemption $3,600

Premium on Bonds Payable $9,000

Cash $367,200

Dec 31:

Interest Expense $32,400

Interest Payable $32,400

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The correct option is A. In the closing process, Nominal accounts are reset to zero.

An account is a particular report inside an employer's financial ledger or balance sheet. Accountants, finance experts, and bookkeepers can use debts to report important financial records, like reporting day-by-day transactions to confirm the exact amount of money an organization has at any moment.

In accounting, an account is a document within the famous ledger this is used to kind and maintain transactions. as an example, groups may additionally have an account of a coin wherein to file every transaction so one can increase or decreases the business enterprise's cash. fundamental accounting ideas used in commercial organizations globally cover income, charges, belongings, and liabilities. the one's elements are tracked and recorded in documents which encompass stability sheets, income statements, and cash glide statements.

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Option C is correct, bicycle racers do not generate a strong demand for innovations that fall outside what is officially recognized as standard for purpose of competition.

The sector of the economy that deals with bicycles and cycling is known as the "bicycle industry" or "cycling industry." It comprises at the very least accessory and part makers as well as bicycle manufacturers.

A technology that is already part of your stack should be preferred, but only if it is the best choice. This is known as technical conservatism. An current technology may not be suitable in some circumstances.

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Eleanor wants to repeat the first row of the worksheet on each printed page of a four-page worksheet of the following options should she use in the Page Setup dialog box  Row and column headings.

Navigate to the [Page Layout] tab. Click [Print Titles] in the "Page Setup" group. Click the spreadsheet icon in the "Rows to repeat at top" section under the [Sheet] tab. The row you want to appear at the top of each page can be chosen by clicking on it. Click [OK] after pressing the [Enter] key.

Click Page Setup under the Page Setup group on the Page Layout tab. Select the column or row that contains the titles you wish to repeat by clicking under Rows to repeat at the top or Columns to repeat at the left under Print Titles. Select OK.

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The journal entry will be Debit- Insurance exp. and credit Prepaid insurance.

A journal entry is a record of a commercial transaction made in an organization's accounting system. The double-entry accounting method, which has been around for centuries, is built on the foundation of journal entries.

With debit and credit account entries verified by a trial balance, a general ledger serves as the mechanism for maintaining a company's financial data. A permanent summary of all sums recorded in supporting journals, which identify specific transactions by date, is kept in the ledger. Each transaction starts in a journal and moves through one or more ledgers. The summary totals in the ledgers are used to create the financial statements for a corporation.

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The activities may violate the rules concerning activities of registered person is directing a customer to a flyer for a specific mutual fund rob really likes.

FINRA Rule 2111 (Suitability) requires that broker-dealers and their registered representatives (including receptionists) must have a reasonable basis to believe that any recommended securities transaction or investment strategy is suitable for the customer based on the customer's investment profile.

If Rob directs a customer to a flyer for a specific mutual fund without assessing the customer's investment profile or without having a reasonable basis to believe that the fund is suitable for the customer, this may violate the suitability rule.

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During an internal business presentation, a speaker's credibility can be increased through:

Demonstrating knowledge about a business issue shows that the speaker has done their research and understands the topic at hand, which can help build trust with the audience. It can also show that the speaker is well-informed and authoritative on the subject, which can help to establish their credibility.

Explaining how a business idea will improve the company shows that the speaker has thought carefully about their proposal and has a clear understanding of how it can benefit the organization. It can help to persuade the audience that the proposal is worth considering and that the speaker has the expertise and knowledge to implement it successfully.

Both of these factors can work together to increase the speaker's credibility and make their presentation more effective in influencing the audience.

Therefore the correct option is A, C.

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