Answer:
A country's total output
Explanation:
Gross domestic product calculates the financial price of the original products and customer services, such that, those manufactured in a nation over a specified period of time which are purchased by the final customer. Every one of the output produced within a nation's territory is counted.
The World Trade Organization eliminates tariffs on agricultural goods.
True
False
Answer:
True
Explanation:
An importing business is involved in international business when it buys goods from other countries and sells them in its own country.
Stockton Company Adjusted Trial Balance December 31 Cash 6,102 Accounts Receivable 2,938 Prepaid Expenses 703 Equipment 15,970 Accumulated Depreciation 6,337 Accounts Payable 1,719 Notes Payable 4,543 Common Stock 1,000 Retained Earnings 10,872 Dividends 916 Fees Earned 6,176 Wages Expense 2,514 Rent Expense 761 Utilities Expense 459 Depreciation Expense 233 Miscellaneous Expense 51 Totals 30,647 30,647 Determine the retained earnings ending balance.
Answer:
Stockton Company
The retained earnings ending balance is:
= $12,114.
Explanation:
a) Data and Calculations:
Stockton Company
Adjusted Trial Balance December 31
Cash 6,102
Accounts Receivable 2,938
Prepaid Expenses 703
Equipment 15,970
Accumulated Depreciation 6,337
Accounts Payable 1,719
Notes Payable 4,543
Common Stock 1,000
Retained Earnings 10,872
Dividends 916
Fees Earned 6,176
Wages Expense 2,514
Rent Expense 761
Utilities Expense 459
Depreciation Expense 233
Miscellaneous Expense 51
Totals 30,647 30,647
Income Statement for the year:
Fees Earned $6,176
Wages Expense 2,514
Rent Expense 761
Utilities Expense 459
Depreciation Expense 233
Miscellaneous Expense 51 4,018
Net Income $2,158
Statement of Retained Earnings for the year:
Net Income $2,158
Retained Earnings 10,872
Dividends (916)
Retained Earnings, ending $12,114
What two characteristics must an item possess to have monetary value?
A. scarcity and capital
C. transferability and utility
B. capital and transferability
D. utility and scarcity
The two characteristics that must be possessed is transferability and utility.
We can describe "monetary value" as the property of having a material worth and this allows the transfer-ability of an assets.
The amount that is paid in cash for an asset is referred to the monetary value of such asset.Money is one of the measure through which the monetary value on an assets is being exchange for the asset.In conclusion, a monetary value must be transferable to other person and must be able to be used to carry out transaction at any time..
Learn more about Monetary value here
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On August 24, Edward Charles offered to sell his 1967 Chevy Corvette Convertible for $150,000 to Mark Anderson. Anderson offered to pay $125,000. On August 24, Charles rejected Anderson’s offer of $125,000. On August 28, Anderson offered $150,000 for the car. Charles refused to sell and Anderson sued for specific performance of the contract. Will the court require Charles to sell the car? Use legal theories and the facts to support your answer.
Answer:
No, Charles will not be required to sell. The original deal involved $150,000, but the Anderson made a counteroffer which eliminates the original deal. Since Charles rejected the counteroffer, there is no legal obligation between both parties. If the car is going to be sold, new terms must be agreed by both parties.
Mustafa a friend of yours, plans to open a fashion boutique that will sell women’s clothing and accessories. He told you that he leafed through several books on how to prepare forecasts and pro forma financial statements but that the books were geared toward existing firms that have several years of historical financial statements on which to base their projections. If Mustafa asked for your advice about how to prepare financial statements along with pro forma and forecasts for a completely new women’s fashion boutique, what would you tell him?
Answer: Financial Forecast
Explanation:
Forecast is a prediction of events that would happen in the future based on evidence of what's seen now or an assumption on projections.
While financial forecast is predicting how well a business will perform in the future through estimating future financial outcomes.
I would advise Mustafa to seek experts ideas on financial forecast for a new business and that would help him project his expectations
When a product is a ______, the more ______ its demand.
Answer:
oil
Explanation:
what's the context, what are the possible options for input?
The way you have the question now is super vague and unanswerable
Mr. Khalis has been employed as an account manager at Kyasara Sdn Bhd since 2 January 2012. On 1 October 2020, Kyasara Sdn Bhd decided to merge with another company named Maxell Sdn Bhd. As a consequence from that merger, the top management of Kyasara Sdn Bhd had terminated many employees including Mr. Khalis who was terminated on 30 November 2020. The company paid him a gratuity of RM280,000 in appreciation of his service. In addition, Mr. Khalis received RM110,000 as compensation for loss of employment and he withdrew RM140,000 from an unapproved fund whereby 60% of the fund was contributed by Kyasara Sdn Bhd. His remuneration and benefits received until 30 November 2020 are as follows:
1. Monthly salary of RM8,010 (after deducting employee’s EPF contribution of 11%).
2. BonuspaidinJune2020amountedtoRM10,000.
3. A monthly entertainment allowance of RM1,800, but he only spent 80% to
entertain company’s clients.
4. A monthly petrol allowance for official duties of RM480 and parking fees
allowance of RM300.
5. TraditionalmedicaltreatmentatanapprovedhospitalcostingRM650waspaid
by the company.
6. Mr. Khalis was awarded the performance incentive of RM2,500 for the year of
assessment 2018, which was paid on 31 October 2020. This incentive was
given due to his excellent service performance for the year of assessment 2018.
7. A new car costing RM250,000 with a driver were provided by the company
throughout his service.
8. A fully furnished condominium with a rental value of RM2,500 per month
(including furniture of RM800 per month) was provided until 30 November 2020.
9. A reimbursement of RM600 per month was made to pay for the salary of a
servant employed by Mr. Khalis.
10.The company paid for Mr. Khalis’s annual corporate membership fees of
RM2,500 to Kota Kemuning Golf Centre.
11.In January 2020, the company paid RM18,000 for his family’s vacation to Las
Vegas. The expenses inclusive of air tickets, accommodations and meals which were RM8,000, RM6,000 and RM4,000 respectively.
Required:
Compute the statutory employment income of Mr. Khalis for the year of assessment
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You are the manager of an off-site airport auto rental office. An employee has informed you that the shuttle bus driver, who is a reformed alcoholic, was recently arrested on a driving under the influence charge. He is your most reliable employee; however, you are concerned with the safety of your employees and customers.
Questions:
1. What is the ethical dilemma?
2. Name all the primary and secondary stakeholders
Primary:
Secondary:
3. What would an individual that believed the following ethical foundations recommend that you should do (not a definition)? In other words, put yourself in the place of that philosophy to determine your recommendations.
Cultural relativism:
Subjectivism:
Religion:
4. Which response, if any comes closest to your thinking? Explain why or why not?
5. Response Question
Should a company’s concern for the safety of its employees and customers override the medical needs of a single employee? Explain why or why not?
The ethical dilemma is whether u wanna look at the safety at staff or customers or wanna remove the driver from the job bc he could get drunk
Customers and staff- primary stakeholders
staff union and future shareholders of the company bc the image of the bus company will get harmed- secondary stakeholders
i only know the answer to the first 2 hope this helps x!!
documentation is necessary to establish educational accommodations. true or false
Answer:
True
Explanation:
The correct option to the statement will be true.
When accessibility is being used when talking about disabilities, it means the support that are given to the disabled students in order for them to have the same opportunities that the non-disabled students have.Documentation simply means the evidence or the official information which helps serve as a record.In order to establish educational accomodations, it should be noted that documentation is very important. When there is documentation in place, the students can be given an extension that will enable them do their assignments. They can also be given notes and there can be a reduction in the number of test questions that they're given.In conclusion, the correct option is True.
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A value-added activity in a service enterprise is reception. billing. performing landscaping services. ordering supplies. eTextbook and Media
Answer:
performing landscaping services.
Explanation:
What are some reasons why people would budget their money?
Explanation:
Budgeting helps you achieve goals. A good budget keeps you honest. Budgeting helps improve habits. Budgeting helps you avoid debt and improve credit.
Identify the correct pattern of a compound-complex sentence
Answer:
A complex sentence combines a dependent clause with an independent clause. When the dependent clause is placed before the independent clause, the two clauses are divided by a comma; otherwise, no punctuation is necessary.
Explanation:
:)
Economists Measure the personal satisfaction someone gets from consuming goods and services with a concept of what
My father told me "Do your homework" change this sentence to indirect speech(reported speech).
Answer:
get your homework done
Explanation:
hope that will help
Problem 4-53 (Algo) Special Order (LO 4-1, 2) Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to various car services that can customize them for their locale and business model. It manufactures two systems, the Star100 and the Star150, which differ in terms of capabilities. The following information is available. Costs per Unit Star100 Star150 Direct materials $ 55 $ 65 Direct labor 24 30 Variable overhead 10 15 Fixed overhead 80 110 Total cost per unit $ 169 $ 220 Price $ 280 $ 380 Units sold 4,000 2,000 The average wage rate is $15 per hour. Variable overhead varies with the quantity of direct labor-hours. The plant has a capacity of 20,000 direct labor-hours, but current production uses only 10,400 direct labor-hours. Required: a. A nationwide car-sharing service has offered to buy 2,400 Star100 systems and 2,400 Star150 systems if the price is lowered to $190 and $240, respectively, per unit. a-1. If Unter accepts the offer, how many direct labor-hours will be required to produce the additional systems
Answer:
Unter Components
If Unter accepts the offer, the direct labor-hours required to produce the additional systems are:
= 8,640 hours.
Explanation:
a) Data and Calculations:
Product Lines Star100 Star150
Direct materials $ 55 $ 65
Direct labor 24 30
Variable overhead 10 15
Fixed overhead 80 110
Total cost per unit $ 169 $ 220
Price $ 280 $ 380
Units sold 4,000 2,000
Average wage rate is $15 per hour
Product Lines Star100 Star150
Hours to make one unit 1.6 hours 2 hours ($24/15 and $30/$15)
Special offer by a nationwide car-sharing service:
Systems to buy 2,400 2,400
Offered price $190 $240
Hours to make systems 3,840 4,800
(2,400 *1.6 hours and 2,400 *2 hours)
Total hours required to make both systems = 8,640 hours (3,840 + 4,800)
a string of length 160cm is cut in to 2 pieces, in the ratio 3:5
find the length of each piece
An existing electrical power line needs to have its capacity increased, and this can be done in either of two ways. The first method is to add a second conductor to each phase wire using the same poles, insulators and fittings, at a construction cost of $15,000. The second method for increasing capacity is to build a second line parallel to the existing line, using new poles, insulators and fittings, at a construction cost of $23,000. At some time in the future, the line will require another increase in capacity, with the first alternative now requiring a second line at a cost of $32,500, and the second alternative requiring added conductors at a cost of $23,000. If interest rate is 6%, how many years between the initial expenditure and the future expenditure will make the two methods economically equal
Answer:
3 years
Explanation:
First method
The PV of the investment can be written as:
PV1 = $15,000 + $32,500/(1+0.06)^n
Second method
The PV of the investment can be written as:
PV2 = $23,000 + $23,000/(1+0.06)^n
After n years both projects will be economically equal. Hence their present value must be equal PV1 = PV2
$15,000 + $32,500/(1.06)^n = $23,000 + $23,000/(1.06)^n
$23,000 - $15,000 = $32,500/(1.06)^n - $23,000/(1.06)^n
$8,000 = $9,500/(1.06)^n
(1.06)^n = $9,500/$8,000
(1.06)^n = 1.1875
Taking log on both sides we get:
nlog1.06 = log 1.1875
n = log 1.1875/log 1.06
n = 0.07463361829/0.02530586526
n = 2.94926166417121
n = 3
So, the answer is 3 years
A newly employed engineer decides to place 5 % of her salary every year into a retirement account. Her first year salary is $45.000, and it is anticipated that her real salary (after removing the effect of inflation) will increase 3% per year. What will be in the account at the end of year 30 if annual interest earned on the account is
Answer:
FV= $254,887.23
Explanation:
We will include the growth in the salary in the interest rate.
I assume an interest rate of 5%
Interest rate (i)= 0.05 + 0.03= 0.08
Number of periods (n)= 30 years
Annual deposit (A)= $45,000*0.05= $2,250
To calculate the future value (FV), we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,250*[(1.08^30) - 1]} / 0.08
FV= $254,887.23
what is the solutions of emotional differences?
Explanation:
In the work environment there are people with different personality profiles, so some routine work-related situations can end up generating some emotional barriers in organizations, such as communication difficulties, personal conflicts, stress, anger, anguish, etc.
Therefore, some solutions can be useful to reduce the impact of emotional barriers, such as not discussing with other co-workers and seeking an assertive and ethical communication that does not disrespect the individual values of each one. For managers, it is necessary to seek the development of communication skills, providing feedback so that there are no misunderstandings that can lead to conflicts.
Which of the following are
examples of natural resources? (Check all that apply)
Gold
Fish
Factories
Money
Answer:
fish, gold
Explanation:
I just know trust me
Scott wanted to start a lawn cutting service but needed to purchase a lawnmower. Sherif gave Scott $30 in exchange for company revenue. What does Sherif now have in Scott’s company?
A.
rebate
B.
investment
C.
stock
D.
bond
Answer:
The correct answer is C. Stock
Explanation:
I got it correct on Plato!
Depreciation for Partial Periods Clifford Delivery Company purchased a new delivery truck for $36,000 on April 1, 2019. The truck is expected to have a service life of 5 years or 120,000 miles and a residual value of $3,000. The truck was driven 8,000 miles in 2019 and 20,000 miles in 2020. Clifford computes depreciation expense to the nearest whole month. Required: Compute depreciation expense for 2019 and 2020 using the following methods: (Round your answers to the nearest dollar.) Straight-line method 2019$ fill in the blank 1 2020$ fill in the blank 2 Sum-of-the-years'-digits method 2019$ fill in the blank 3 2020$ fill in the blank 4 Double-declining-balance method 2019$ fill in the blank 5 2020$ fill in the blank 6 Activity method 2019$ fill in the blank 7 2020$ fill in the blank 8 For each method, what is the book value of the machine at the end of 2019
Answer:
Clifford Delivery Company
1. Depreciation Expense for 2019 and 2020:
Straight-line Sum-of-the-years Double-declining Activity method
2019 ($6,600/12*9) 5/12 * $33,000 40% *$36,000 8/120 * $33,000
= $4,950 = $13,750 = $14,400 = $2,200
2020 = ($6,600/12*12) 4/12 * $33,000 40% *$21,600 20/120 * $33,000
= $6,600 = $11,000 = $8,640 = $5,500
2. Book value at the end of 2019:
Straight-line Sum-of-the-years Double-declining Activity method
Cost $36,000 $36,000 $36,000 $36,000
Depreciation
Expense 4,950 $10,313 $10,800 $2,200
Book Value, End
of 2019 $31,050 $25,687 $25,200 $33,800
Explanation:
a) Data and Calculations:
Cost of delivery truck = $36,000
Purchase date = April 1, 2019
Estimated useful life = 5 years or 120,000 miles
Residual value = $3,000
Depreciable amount = $33,000 ($36,000 - $3,000)
Annual straight-line depreciation expense = $6,60 ($33,000/5)
Straight-line Sum-of-the-years Double-declining Activity method
2019 ($6,600/12*9) 5/12 * $33,000 40% *$36,000 8/120 * $33,000
= $4,950 = $13,750/12*9 = $14,400 /12*9 = $2,200
= $4,950 = $10,313 = $10,800 = $2,200
2020 = ($6,600/12*12) 4/12 * $33,000 40% *$25,200 20/120 * $33,000
= $6,600 = $11,000 = $10,080 = $5,500
Straight-line Sum-of-the-years Double-declining Activity method
Cost $36,000 $36,000 $36,000 $36,000
Depreciation 4,950 $10,313 $10,800 $2,200
Book Value End
of 2019 $31,050 $25,687 $25,200 $33,800
a) The straight-line method divides the depreciable amount by the number of useful life to get an amount that is charged every year.
b) Sum of the years digit method sums the years and uses the denominator to apportion the depreciable amount, with the first year having the largest number as numerator.
c) Double-declining method doubles the straight-line rate and depreciates on declining value of the asset. It apportions more cost in the earlier years. For the last year, consideration is then given to the salvage value because the asset cannot be depreciated more than its depreciable amount.
d) Activity method calculates the depreciation expense based on the activity usage.
The United States financial system is attractive to international investors because _____.
(Select all that apply.)
1. the Federal Reserve oversees the system
2. the FDIC insurance bank deposits
3. risk is not high
4. it is a stable system
Answer:
1. the Federal Reserve oversees the system
2. the FDIC insurance bank deposits
4. it is a stable system
Explanation:
The United States financial system is attractive to international investors because the Federal Reserve oversees the system, the FDIC insurance bank deposits and it is a stable system.
Draw an indifference curve for an individual
showing that
a. good X and good Y are perfect complements.
b. item X becomes a bad after 4 units.
c. item Y becomes a bad after 3 units.
d. MRS is increasing for both X and Y
Answer:
Air jordan shoe rack and pinion to be there at noon
Which of the following best describes the sequences of events that lead to a price increase and quantity
decrease when supply decreases?
Answer:
you gave no options but according to me
Explanation:
When the demand for a product increases, businesses increase the price while decreasing the supply/quantity.
During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows:Jan. 6 Sold goods for $50 to Wizard Inc. with terms 2/30, n/60. The goods cost Solitare $60.6 Sold goods to Spyder Corp. for $50 with terms 5/10, n/30. The goods cost Solitare $50.14 Collected cash for the amount due from Wizard Inc.Feb. 28 Collected cash for the amount due from Spyder Corp.Required:Compute the total revenue Solitare would report over the two months. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
The total revenue Solitare would report over the two months is $99 with a gross loss of $11.74
Explanation:
Particulars Amount ($)
Sales (January & February)
- Wizard Inc $50
- Spyder Corp $50
Less: Discount allowed to Wizard Inc $1 ($50 * 2%)
Net Sales $99
Less: Cost of goods sold (60.6+50.14) $110.74
Gross Loss $11.74
The term "lifestyle brand" refers to those hotels that appeal to people purely on the basis of price.
False
True
Answer:
false these brands appeal to people by location, theme, accommodations and etc
Explanation: brainliest plz
You want to be able to withdraw $800 from a savings account at the end of year 1, $900 at the end of year 2, $1,000 at the end of year 3, and so on over a total of 5 years. How much money must be on deposit right now, at the end of year 0, to just deplete the account after the 5 withdrawals if interest is 5% compounded annually
What is a product market AND how do I choose a product market . Pls help quick!!!!
Answer:
Product markets typically contain groups of consumers that share a fairly specific need that only certain and closely related kinds of products or services can meet. In the case of smartphone users, for example, only phones with specific and more or less comparable capabilities can serve the needs of these consumers. In a product market, the capacity to serve the market is often predicated on the method. Only a company that produces smartphones can compete for this market, let alone hold an intrinsic advantage, because only that product suffices.
When planning for the future you should keep in mind that
O a
as your level of education increases, your income potentially decreases
Ob
as your level of education decreases, your income potentially increases
Ос
as your level of education decreases, your income potential remains the same
Od
as your level of education increases, your income potentially also increases
Answer:
As your level of education increases,your income potentially also increases