Direct labor dollars would be the least appropriate allocation base for calculating factory overhead rates because it does not necessarily correspond to the amount of overhead resources used.
For example, if two different products require the same amount of direct labor, but one uses significantly more overhead resources than the other, allocating overhead based on direct labor dollars would not accurately reflect the true costs of producing each product. Therefore, direct labor dollars would not provide an appropriate basis for allocating overhead costs.
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if art earns $100,000 yearly and pays only 15% of his total income for taxes, while bob earns $55,000 yearly but has to pay 35% of his total income for taxes, how would you categorize the income tax system?
If Art earns $100,000 yearly and pays only 15% of his total income for taxes, while Bob earns $55,000 yearly but has to pay 35% of his total income for taxes, we can categorize the income tax system as a progressive tax system.
A progressive tax system is one in which the tax rate rises as the taxpayer's income increases. This means that taxpayers with higher income levels pay a higher percentage of their income in taxes.A tax system is classified as progressive if tax rates rise as income levels rise. In other words, higher-income taxpayers pay a larger proportion of their income in taxes than lower-income taxpayers. Income taxes, such as the federal income tax in the United States, are typically progressive. The tax system in this question is an example of a progressive tax system because Art and Bob, who make different amounts of money, pay a different percentage of their income in taxes. Art, who earns more than Bob, pays a lower percentage of his total income for taxes (15%) than Bob, who earns less, but pays a higher percentage (35%). Therefore, the more you earn, the higher percentage of your total income you pay in taxes in a progressive tax system.Learn more about tax system: https://brainly.com/question/29238265
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A large, 50-person multi-specialty group held a semi-annual retreat on a Saturday to review the group’s operating progress and to assess financial targets, staffing issues, and any patient issues that have arisen. Monthly financial targets and the like were always reviewed by the Executive Committee, but this gave the entire partnership a chance to be informed of the status of the group. At this meeting, the administrator of the group presented the patient satisfaction scores that were generally quite good. However, she did want to call attention to some disconcerting trends. "We have a team who is assigned to monitor some social media pages," she said. "Lately, we are seeing some of our patients posting some rather disparaging remarks in terms of impersonal care during their visits now that we have transitioned to the EHR. They feel some of our doctors are only looking at the computer. We have seen these remarks on Foursquare and on some blog posts. This isn’t good. One of our staff found some really negative comments on Yelp." "Ridiculous," said Dr. Johnson, one of the more senior members of the group. "I have not had a single patient complain to me, and I will admit that I do have to look at that darn thing. It is a pain in the neck." Two other physicians agreed with Dr. Johnson in saying no one complained to them. An assistant administrator who was responsible for the operations at the front desk, scheduling, and billing said he had reports from staff that some patients did complain to the billing department about their visits with the clinical staff on discharge, but the number was small. During the lunch break, this issue was still a topic of conversation. What is this group experiencing in this situation? Is the physician correct?
This group is experiencing negative reviews from patients on social media platforms, such as Foursquare and Yelp.
The physician's experience is not an accurate representation.
Despite the physician's assurance that he had not had any complaints from patients, the assistant administrator reported to the group that there had been some complaints to the billing department. This suggests that the physician's experience is not an accurate representation of what the whole patient population is experiencing. Patients' experiences of care should be taken into consideration when assessing the effectiveness of care provided by the medical staff.
The patient satisfaction scores may have been generally good, but the disparaging remarks suggest that there may be underlying issues of impersonal care and that the transition to the EHR could be having a negative impact. It is important that the group takes the time to address this feedback and consider changes to ensure patient satisfaction.
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A performance specification is results-and use-oriented. The supplier decides how to provide the most suitable product or service. When using performance or function specification as a method of description: a) most of the risk is borne by the suppliet. b) it is fairly easy to ensure that suppliers are quoting for exaclly the same material or service. c) most of the rigk is borne by the buyer. d) supplier is not expected to exerdse its discretionis meeting the requirements.
A performance specification is outcome and application focused. The provider determines how to give the best product or service.It is quite simple to confirm that providers are bidding for the same commodity or service.
What exactly are specification and examples?
A specification is a clearly specified need, such as the essential features in the design of anything. I'd want to purchase some property and have a house constructed to my specifications. The definition of specification is "to declare openly or in detail" or "to be detailed". A requirement specification is a written requirement, or group of written specifications, that must be met by a certain material, design, product, or service. A specification is a description of the physical or functional qualities, or the nature of a supply, service, or construction item; the requirements to be met by a product, material, or process, including, if applicable, the processes for determining if the requirements are met.
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which of the following is appropriate content for the conclusion of a report? check all that apply. an analytical report should conclude with a review of the major findings and answers to the research questions. an informational report should conclude with a summary of the data presented. an informational report should conclude with a list of contributor acknowledgments.
A review of the key conclusions and the responses to the research questions should be included in the analytical report's conclusion. A summary of the information supplied should be included in the report's conclusion.
In report management, how many different report types are used?Daily, weekly, or monthly reports are all possible formats for them. They include current information to aid managers in assessing and comprehending it in light of recent events.
How should a report be concluded?The conclusion paragraph should restate your thesis, include a summary of the key arguments you used to support it throughout the research, and offer your evaluation of the central notion. Included in this final summary should be the moral of your story or a revelation of a deeper truth.
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Real GDP per person falls during a devastating recession, which in turn causes consumption to fall by 5%. Would giving everyone 5% more income during the recession offset the changes to consumption? Giving everyone 5% extra income would offset the 5% fall in consumption because people will spend of each extra dollar
Yes, giving everyone 5% more income during a recession would offset the 5% fall in consumption. This is because people will spend most of the extra income, which would help to bolster economic activity and help to counteract the recessionary pressures.
Fiscal stimulus based on tax reductions are more likely to increase growth than those based on spending. Fiscal changes that are based on lowering expenditure rather than raising taxes are more likely to reduce deficits and debt-to-GDP ratios than the contrary.
For example, if the government were to give everyone an extra 5% in income, they would likely use the money to purchase goods and services, thus stimulating economic activity and potentially offsetting some of the negative economic effects of the recession.
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If GC actually pays $50,000 of this contribution on January 15 of year 2 and the remaining $25,000 on or before April 15 of year 2, what book–tax difference will it report associated with the contribution in year 1 (assume the 10 percent limitation does not apply)? Is it favorable or unfavorable? Is it permanent or temporary?
The book-tax difference is favorable and temporary, as it will be reversed in the following year when the full $50,000 is paid.
The book–tax difference that GC will report associated with the contribution in year 1 is $25,000, which is favorable and temporary. This is because GC paid $50,000 of the contribution on January 15 of year 2, which is outside of the year 1 tax period. Therefore, it will report a book-tax difference of $25,000 in year 1 ($50,000 paid in year 2 - $25,000 paid in year 1). The book-tax difference refers to the difference between a company's financial accounting and tax accounting. When the book-tax difference is favorable, it means that the company's financial accounting reports higher income than its taxable income, resulting in a lower tax liability.A favorable book-tax difference may be temporary or permanent. A temporary book-tax difference arises due to differences in the timing of when income and expenses are recognized for financial accounting purposes versus tax accounting purposes. This temporary difference may result in a lower tax liability in the current year, but may be offset by a higher tax liability in future years when the income becomes taxable.For more questions on book-tax difference
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johnny promises to give tommy $20 if he doesn't drive a car before he is 15 years old. johnny and tommy live in missouri where you must be 16 to drive a car. is this a contract? if not, what element is missing?
No, this is not a contract because the subject matter of the agreement is illegal.
In Missouri, it is illegal to drive a car before the age of 16. Therefore, Johnny's promise to give Tommy $20 if he doesn't drive a car before the age of 15 is an agreement that involves an illegal act. As such, this is not a valid contract and cannot be enforced in court.
For an agreement to be considered a contract, it must meet certain requirements, including:
Offer and acceptance: There must be an offer by one party and an acceptance by the other.
Consideration: Both parties must receive some form of benefit or advantage from the agreement.
Legal capacity: Both parties must have the legal capacity to enter into the agreement.
Legality of subject matter: The subject matter of the agreement must be legal.
In this case, the agreement fails the fourth requirement as the subject matter of the agreement is illegal. Therefore, it cannot be considered a valid contract.
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l'oreal acquired two u.s. firms that developed and sold hair care products to african-american customers. this permitted it to build a new ethnic hair care division in europe and africa. this represents an advantage of international expansion using arbitrage. optimization of the location of value-chain activities. performance enhancement. learning opportunities.
Arbitrage is the practice of taking advantage of price differences between markets for the same products or services. By acquiring two U.S. firms that developed and sold hair care products to African-American customers, L'Oreal was able to capitalize on the price differences between the U.S. and European/African markets by creating a new ethnic hair care division in Europe and Africa.
This allows L'Oreal to optimize the location of their value-chain activities, which can lead to performance enhancement and learning opportunities. The increased competition from domestic firms in the European/African market may also lead to increased innovation and efficiency. In conclusion, L'Oreal's decision to utilize arbitrage as a way to expand internationally provides them with a number of advantages.
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QUESTION 2 IFRS 16 leases defines a lease as ‘A contract, or part of a contract, that conveys the right to use an asset for a period of time in exchange for consideration’. Mr Kasuba Ltd is a a Pizza maker and offers delivery service to its clients at an additional fee. Kasuba Ltd enters into a 5 year contract with Honda Bikes for the right to use two of its motor bikes per week that will be used for deliveries. Honda Bikes has allocated Bike A and Bike B to be used for this purpose. Honda Bikes will be required to provide any other Bike to Kasuba Limited in times when Bike A and Bike B are being serviced by Honda Bikes. Kasuba will be able to use the Bikes on any route and at any time to make deliveries but Honda Bikes has restricted Kasuba on using the Bikes to carry any other goods rather Pizzas. Kasuba is prohibited from using other drivers for motor bikes other than those registered with Honda Bikes upon entry into this agreement. The average age of the Honda is 6 year as estimated by Honda.
Required : In accordance with the provisions of IFRS 16, discuss whether a lease cantract exists between Mulonga and Honda Bikes or not. (10 marks)
According to the definition provided by IFRS 16, a lease contract exists when there is a contract or part of a contract that represents the first major overhaul of lease accounting in over 30 years. Hence the ease contract exists between Mulonga and Honda Bikes.
What is the definition of a lease under IFRS 16?Under IFRS 16 a lease is defined as a contract, or part of a contract, that transmits the right to use an asset (the underlying asset) for a period of time in exchange for compensation. According to IFRS 16, lessors must initially derecognize the asset and then recognize a receivable for the net investment in the lease in order to account for finance leases.
The net investment in the lease includes all initial direct costs, except those incurred by a manufacturer or dealer lessor. The majority of businesses who report using IFRS and engage in leasing will be impacted by the new Standard. The new Standard will affect most companies that report under IFRS and are involved in leasing.
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Question 2 (8 marks) Based on the three strategic concepts - differentiation, low-cost leadership and response - by which firms achieve competitive advantage through their operations (Heizer, Render & Munson, 2017:74), discuss the competitive strategy of Apple. Your discussion should be buttressed by relevant academic sources
Apple's competitive strategy is primarily based on the differentiation, with a focus on offering high-quality and innovative products to its customers.
What is a competitive strategy?Competitive strategy is a plan of action that businesses use to achieve a competitive advantage over their rivals. It involves analyzing the strengths and weaknesses of both the business and its competitors, identifying opportunities and threats in the market, and developing a strategy that will allow the business to outperform its competitors. This can include focusing on cost leadership, differentiation, or niche strategies. Cost leadership involves producing products or services at a lower cost than competitors, while differentiation involves creating unique products or services that customers perceive as valuable. Niche strategies focus on serving a specific segment of the market that is not well served by competitors. Overall, competitive strategy is essential for businesses to succeed in today's highly competitive marketplaces.
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Identify liability issues that may arise from information technology system use in supply chain management of an organisation. Define proactive measures that may lesson or mitigate liability issues for supply chain management information system applications.
For many firms, information technology solutions are essential to supply chain management. While these technologies might boost productivity and cut expenses, they can also raise a number of liability concerns.
The following are a few liability concerns that might result from supply chain management's usage of information technology systems:
Data security breaches: As the usage of digital information and online communication rises, enterprises are more worried about cyberattacks. Data breaches may result in identity theft, loss of data integrity, and harm to one's reputation.
Data management mistakes might occur because supply chain management requires gathering, analysing, and sharing a lot of data. Data management errors can result in supply chain interruptions, consumer complaints, and even legal issues, such as using the wrong product codes or delivery addresses.
Supply chain management solutions must be dependable and accessible around-the-clock. Technical errors, maintenance issues, or cyberattacks can all result in system downtime, which can delay production and delivery and create financial losses and reputational harm.
Organizations may take a number of proactive steps to reduce these liability risks, such as:
Establishing a strong cybersecurity strategy: To prevent data breaches, organisations should have a strong cybersecurity strategy that includes safeguards like firewalls, encryption, two-factor authentication, and regular security audits.
Employee support and training: Workers should get frequent training on data management best practises, such as how to spot and prevent mistakes and stay away from security threats. For any potential problems, they should also have access to technical help.
Creating explicit contracts and agreements: Companies should make sure that all of their agreements with suppliers, clients, and other stakeholders are crystal clear and spell out who is responsible for what in the event that a supply chain interruption occurs.Managing backup systems: To guarantee that supply chain management systems can be promptly restored in the event of a system outage, organisations should have backup systems and disaster recovery strategies in place.
IT systems should be routinely reviewed and updated by organisations to guarantee their security, dependability, and compliance with applicable laws and regulations.
Organizations can decrease or mitigate liability risks that may result from the use of information technology systems in supply chain management applications by taking these proactive actions.
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the opportunity costs of using owned resources; costs for which no monetary payment is explicitly made
The opportunity costs of using owned resources are costs for which no monetary payment is explicitly made. The term "opportunity cost" is used to refer to the benefits that are forgone as a result of pursuing one alternative over another.
The concept of opportunity cost is essential in economics because it helps people make better choices when faced with a scarcity of resources. The opportunity cost of a particular activity is determined by comparing the benefits of that activity to the benefits of the next-best alternative that could be pursued using the same resources. In other words, opportunity costs arise from the fact that resources are limited, and when one is used to producing a good or service, it cannot be used to produce another good or service.
Opportunity costs are not always explicit or monetary. For example, suppose you have two hours of free time. You could use that time to study for an upcoming exam or watch a movie. The opportunity cost of watching the movie is the time you could have spent studying. Even though no money was exchanged, the cost of watching the movie is still significant because you are giving up the potential benefits of studying.
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What are some viewpoints on hospital's adding patient surveys to
measure patient satisfaction under POS to the Value Chain?
There are different viewpoints on hospitals adding patient surveys to measure patient satisfaction under POS (Patient-centered Outcomes and Satisfaction) to the Value Chain. Here are some examples:
Positive ViewpointNegative ViewpointBalanced ViewpointWe proceed to analyze the different viewpoints associated with the situation of hospitals and patient surveys to measure satisfaction:
Positive Viewpoint: Adding patient surveys to measure satisfaction can help hospitals improve the quality of their services by identifying areas where patients are dissatisfied and addressing those issues. This can lead to increased patient loyalty and positive word-of-mouth, which can benefit the hospital's reputation and bottom line.Negative Viewpoint: Some critics argue that adding patient surveys to measure satisfaction under POS can be costly and time-consuming for hospitals, as they may require additional resources and staff to administer and analyze the surveys. Additionally, some argue that patient satisfaction may not always be the best indicator of healthcare quality, as patients may rate their satisfaction based on factors that are not directly related to clinical outcomes.Balanced Viewpoint: Some experts suggest that adding patient surveys to measure satisfaction under POS can be a useful tool for hospitals, but should be balanced with other measures of healthcare quality, such as clinical outcomes, safety, and efficiency. By considering multiple measures, hospitals can gain a more comprehensive understanding of their performance and take a more holistic approach to quality improvement.See more about Value Chain at https://brainly.com/question/1380316.
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Which is a way to increase your net worth?
A. Pay your parents back for your tuition
B. Pay down your student loans
C. Buy a new car
D. Pay a small down payment on a house
According to the question, pay down your student loans is a way to increase your net worth.
What is net worth?Net worth is a financial term that refers to the total value of an individual's monetary and non-monetary assets, such as cash, investments, real estate, and personal property. It is akin to one's wealth, and is usually calculated by subtracting liabilities from assets. Net worth can be used to measure an individual's financial health and is a very useful tool for financial planning. Additionally, an individual's net worth can be used as a comparison tool to gauge how one's financial situation compares to others in the same age bracket. In general, an individual's net worth increases with age and experience, as they accumulate assets and reduce liabilities.
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What advice would you give the partners for one's unforeseen death when the articles of partnership are prepared?
In the event of an unforeseen death, there are some steps partners should take to prepare for the possibility, one of them is to incorporate provisions for this scenario into the Articles of Partnership.
The Articles of Partnership should specify what happens if a partner dies. It may include a buyout clause, a method for determining the deceased partner's share of the company, or a method for distributing the company's assets. In order to make sure that the articles of partnership are updated for the event of unforeseen death, the partners should consult with their attorneys to ensure that all necessary provisions are in place. They should also ensure that their insurance policies cover them in case of a partner's death, as this can provide an additional layer of protection.
If one of the partners dies, the remaining partners should immediately meet to discuss how to proceed. This could include bringing on a new partner, restructuring the company, or dissolving it entirely. In any case, the partners should seek the advice of a qualified legal professional to ensure that they are taking the appropriate steps to protect their interests.
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The argument is clearly made about the value and determinants of "intrinsic " motivation. Considering your own job (or your general observations about workplace practices), how much emphasis is put on extrinsic and intrinsic motivators? How much of the 3 factors - Autonomy, Mastery and Purpose - are present in your job or more generally in workplaces? What is your reaction to the statement that organizations should pay people enough to take the issue of money off the table?
In many workplaces, the emphasis is often placed on extrinsic motivators such as salary, bonuses, promotions, and other rewards.
While these extrinsic factors can certainly play a role in motivating employees, research suggests that intrinsic motivators such as autonomy, mastery, and purpose are even more important in promoting long-term engagement and job satisfaction.
Autonomy refers to the degree of control employees have over their work, including decision-making authority and flexibility in work processes. Mastery involves the ability to develop and improve skills, knowledge, and expertise in one's field. Purpose refers to the sense of meaning and fulfillment employees derive from their work, including the contribution it makes to a larger goal or mission.
The presence of these intrinsic motivators can vary widely across different jobs and organizations. In some cases, employees may have high levels of autonomy, mastery, and purpose, while in other cases, these factors may be relatively low. For example, jobs that involve repetitive, routine tasks may offer less autonomy and opportunities for mastery, which can be demotivating for employees over time.
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jeremiah, a manager at welford nonprofit group, is known for his selflessness and willingness to give to others. he likes working in the nonprofit sector because he wants to apply his skills and abilities to serve others who are less fortunate. based on this information, which of the following best describes jeremiah?
Jeremiah is a selfless and compassionate individual who is motivated by his desire to use his skills to help others who are less fortunate. He is committed to serving the nonprofit sector. Based on the information provided, the best description of Jeremiah would be "altruistic."
Altruism is the selfless concern for the well-being of others, and it is clear from the description that Jeremiah is motivated by a desire to help others and make a positive impact in their lives. His selflessness and willingness to give to others are key indicators of his altruistic nature.
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current ratio 1.2 1.4 acid test ratio 0.89 0.94 average collection period 30 days 25 days inventory turnover 18.1 20.3 fixed assets turnover 4.1 4.8 total asset turnover 2.78 2.8 debt ratio 50% 60% times-interest-earned 5.5% 4.5% net profit margin 1.15% 1.5% return on equity 5.21% 7.32% abc, inc. income statement (in thousands) sales (all credit) $200,000 cost of goods sold 140,000 gross profit on sales 60,000 operating expenses 56,000 operating income 4,000 interest expense 1,000 earnings before tax 3,000 income tax 1,050 net income available to common stockholders $1,950 assets cash $2,000 accounts receivable 17,800 inventories 8,700 total current assets 28,500 gross fixed assets 70,000 accumulated depreciation 26,500 net fixed assets 43,500 total assets $72,000 liabilities and equity accounts payable $18,000 accruals 13,350 total current liabilities 31,350 long-term debt 8,250 total liabilities 39,600 common stock (par value and paid in capital) 2,000 retained earnings 30,400 total stockholders' equity 32,400 total liabilities and equity $72,000 since 2015, abc's efficiency at using its assets has improved. deteriorated. remained the same. been variable across components of the efficiency measures.
Looking at the given financial ratios, it appears that ABC Inc.'s efficiency at using its assets has improved since 2015.
What are financial ratios?Financial ratios are quantitative metrics used to evaluate and compare a company's financial performance and position. They are computed by using data from a company's financial statements, such as the balance sheet and income statement, to compute ratios that can be compared to industry averages or the company's own historical data. Financial ratios provide insights into a company's profitability, liquidity, solvency, efficiency, and other key aspects of its financial health. Examples of common financial ratios include the current ratio, return on equity, debt-to-equity ratio, and gross profit margin.
The inventory turnover ratio has increased from 18.1 to 20.3, the average collection period has decreased from 30 days to 25 days, and both the fixed assets turnover and total asset turnover ratios have increased. Additionally, the current ratio has improved slightly, and the acid test ratio has remained relatively stable. The only ratios that suggest a potential decrease in efficiency are the debt ratio and times-interest-earned ratio, which have both increased. However, overall, it seems that ABC Inc. has become more efficient at using its assets since 2015.
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the petit chef co. has 11.4 percent coupon bonds on the market with seven years left to maturity. the bonds make annual payments and have a par value of $1,000. if the bonds currently sell for $1,115.37, what is the ytm?
The Yield to Maturity (YTM) for the given bond is 10.33%.
Explanation:
The yield to maturity (YTM) is the total return anticipated on a bond if it is held until maturity. Yield to maturity is considered a long-term bond yield but is expressed as an annual rate. In other words, it is the internal rate of return of an investment in a bond, considering the total cash flows of the bond from the time of purchase until it matures.
The formula for the Yield to Maturity (YTM) calculation is as follows:
PV = C/(1+r)^1 + C/(1+r)^2 + ... + C/(1+r)^n + FV/(1+r)^n
Where,
C = Coupon payment
PV = Present value
FV = Face value or par value
r = Yield to maturity
n = Number of years until maturity
Here,
Coupon payment = $1,000 x 11.4% = $114
Annual payment = $114
Par Value = $1,000
Present Value = $1,115.37
No. of years = 7
Using the formula above, we get,
1,115.37 = 114/(1+r)^1 + 114/(1+r)^2 + ... + 114/(1+r)^7 + 1,000/(1+r)^7
Solving this equation using trial and error, we get:
YTM = 10.33%
Therefore, the Yield to Maturity (YTM) for the given bond is 10.33%.
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mary richardo has performed $470 of cpa services for a client but has not billed the client as of the end of the accounting period. what adjusting entry must mary make? select answer from the options below debit cash and credit unearned service revenue debit accounts receivable and credit unearned service revenue debit unearned service revenue and credit service revenue debit accounts receivable and credit service revenue
The adjusting entry Mary must make if she has performed $470 of CPA services for a client but has not billed the client as of the end of the accounting period is debit accounts receivable and credit service revenue (C).
Accounting is the process of recording, analyzing, summarizing, and interpreting financial transactions to provide information to decision-makers. Accountants use financial statements to give information about a company's economic activities over a certain period.
The term 'period' refers to a certain accounting period, such as a month or year. During the accounting period, all financial transactions are recorded in a company's financial records.
At the end of the accounting period, accounting records are examined to guarantee that all entries are correct, and financial statements are made. Adjusting entries are accounting entries that are made at the end of an accounting period to change accounts to their correct amounts.
Adjusting entries ensure that financial statements are correct, and they are used to record entries that have been missed during the accounting period.
Adjusting entries can be classified into two categories: prepayments and accruals. In the case of the question at hand, Mary has not yet billed the client, so the service revenue is yet to be earned.
To reflect this, Mary must credit service revenue and debit accounts receivable. Therefore, the correct option is C. Debit accounts receivable and credit service revenue.
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Statement of Cash Flows
The comparative balance sheet of Hirayama Industries Inc. for December 31, 20Y2 and 20Y1, is as follows:
Dec. 31, 20Y2 Dec. 31, 20Y1
Assets Cash $181 $57 Accounts receivable (net) 104 72 Inventories 65 39 Land 149 162 Equipment 84 62 Accumulated depreciation-equipment (22) (11) Total Assets $561 $381 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $71 $57 Dividends payable 11 - Common stock, $1 par 37 18 Excess of paid-in capital over par 97 45 Retained earnings 345 261 Total liabilities and stockholders' equity $561 $381 The following additional information is taken from the records:
Land was sold for $33.
Equipment was acquired for cash.
There were no disposals of equipment during the year.
The common stock was issued for cash.
There was a $121 credit to Retained Earnings for net income.
There was a $37 debit to Retained Earnings for cash dividends declared.
a. Prepare a statement of cash flows, using the indirect method of presenting Cash flows from (used for) operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.
Hirayama Industries Inc.
Statement of Cash Flows
For the Year Ended December 31, 20Y2
Cash flows from (used for) operating activities: Net income $ Adjustments to reconcile net income to net cash flows from (used for) operating activities: Depreciation $ Gain on sale of land $ Changes in current operating assets and liabilities: Increase in accounts receivable $ Increase in inventories $ Increase in accounts payable $ Net cash flow from operating activities $
Cash flows from (used for) investing activities: Cash received from sale of land $ Cash paid for purchase of equipment $ Net cash flow from investing activities $
Cash flows from (used for) financing activities: Cash received from issuing common stock $ Cash dividends $ Net cash flows from financing activities $
Net increase in cash $
Cash balance, January 1, 20Y2 $
Cash balance, December 31, 20Y2
Expert Answer
To prepare the statement of cash flows using the indirect method, we need to analyze the changes in various balance sheet accounts and make adjustments to arrive at the cash flows from operating activities. The whole statement of cash flows is shown in the attached images below.
Cash flows refer to the movement of cash into and out of a company over a specific period of time. It represents the inflows and outflows of cash resulting from operating activities, investing activities, and financing activities.
Cash flows from operating activities include cash transactions that are directly related to the core business operations of the company.
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The decision to raise a family will affect your financial planning by
OA. decreasing your liabilities
B. making it easier to retire at an early age
C. increasing your savings
D. increasing your financial responsibility
—
Answer: D. Increasing your financial responsibility
Explanation: The decision to raise a family will become a big task to find ways for finance to make a family happy.
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Please look at the proposed database table design and answer the questions below:
Is this table design in 2nd Normal Form? If not, please explain why
Is this table design in 3rd Normal Form? If not, please explain why
ProductID 1 2 3 4 ProductName Bose EarBuds Nikon D7500 Nike Golf Cap Avacado
ProductPrice $219 $1.600 $25 $1.20
DeptID 3 3 2 1
DeptName Electronics Electronics Sport Grocery
Dept Manager Angela Angela Danny Shelton
This table design is in 2nd Normal Form. This is because the table is composed of two distinct sets of columns, the first being the product information such as the product ID, product name and product price and the second being the department information such as department ID, department name and department manager.
All the columns of each set depend on the primary key, which is the Product ID and the Dept ID respectively. Therefore, this table design is in 2nd Normal Form.
No, this table design is not in 3rd Normal Form. This is because the table contains columns that are not completely dependent on the primary key. For example, the Dept Name and Dept Manager columns contain data that is dependent on the Dept ID, however, they also contain data that is dependent on the Product ID.
Therefore, this table design is not in 3rd Normal Form.
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A positive bottom line always improves (all other things being equal)
a) The company's cash flow
b) The company's working capital
c) Working capital and cash flow of the company
d) No answer fits
A positive bottom line always improves a. the company's cash flow
Bottom line is a term that refers to a company's net earnings or profit. When all costs and expenses have been subtracted from the total revenue or sales of a company, it is what remains. Cash flow is a term that refers to the amount of money that comes in and goes out of a company or individual over a given period of time. It's a measure of how much money is coming in compared to how much is going out, and it's used to determine a company's financial position.
A positive bottom line means the company has earned a profit. A profitable company has more money coming in than going out, and as a result, the company's cash flow improves. So, among the given options, option a. the company's cash flow is correct.
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Matthew is paid $14. 80 per hour. What is matthews time-and-a-half rate per hour
Matthews time-and-a-half rate per hour is $22.20.
Matthew's time-and-a-half rate per hour is calculated by taking his regular hourly rate and adding half of that rate to it.
So firstly we will divide the regular hourly rate by 2 and then add the half of it with the regular hourly rate and the amount obtained will be the Matthew's time-and-a-half rate per hour.
Matthew's regular hourly rate = $14.80
Half of Matthew's regular hourly rate = $14.80 / 2 = $7.40
Matthew's time-and-a-half rate per hour = $14.80 + $7.40 = $22.20
Therefore, Matthew's time-and-a-half rate per hour is $22.20.
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repaid rent, representing rent for the next six months' occupancy, would be reported on the tenant's balance sheet as a(n) a.asset b.contra liability c.liability d.owner's equity account
The correct option is c. Repaid rent, representing rent for the next six months' occupancy, would be reported on the tenant's balance sheet as a liability.
Balance sheet : A balance sheet is a financial statement that reveals a company's financial position. A balance sheet provides information on a company's financial status as well as what the company owns and owes. It is also known as a statement of financial position.
A balance sheet has three components that must always balance with one another:
Assets: The things that the company owns or controls, and that have valueLiabilities: The company's financial obligations to others, such as bills or loans
Owner's equity: The value of the assets that the company owns after deducting its debts and obligations
Rent : Rent is the amount of money paid by the lessee to the lessor for the use of property or space. Rent can be paid in one lump sum or in installments for a specified period of time.
Liability : liability is any financial obligation or debt that a company or individual owes to another party, including loans, leases, and accrued wages, salaries, and taxes.In conclusion, repaid rent, representing rent for the next six months' occupancy, would be reported on the tenant's balance sheet as a liability.
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Before writing a business letter you must ask the following question:
Group of answer choices
A.No questions are needed at this time, fix it in editing.
B.What should I have for lunch?
C.How much will sending this message cost me?
D.Why am I sending this message?
Before writing a business letter you must ask the following question d. why am I sending this message?
It is important to ask yourself why you are writing the business letter before you start composing it. This aids in the organization of thoughts and the identification of the message you want to convey. It also ensures that the message is clear and that the language used is appropriate for the audience.
There are various reasons why you might write a business letter. You might be trying to persuade someone to take a specific action or to respond to a specific question. You may be delivering information or asking for feedback. Whatever your reason for writing a business letter, it is critical to be clear about it before you begin.
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negative inflationary surprises lead to a(n): group of answer choices redistribution of wealth from borrowers to lenders. decline in inflation risk for lenders. decline in the nominal interest rate. increase in the real interest rate. redistribution of wealth from lenders to borrowers.
Negative inflationary surprises lead to a(n) "redistribution of wealth from borrowers to lenders".
The correct answer to the given question is option A.
What is a negative inflationary surprise?Negative inflationary surprises lead to an increase in the real interest rate. It occurs when inflation is lower than anticipated.
Negative inflationary surprises, as the name suggests, are a negative shock to inflation. This means that the rate of inflation falls unexpectedly, which is a disadvantage for borrowers and a benefit for lenders.
The results can be significant since many investors will have invested based on expectations of a certain inflation rate.
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You made it! Your 50 years old and have a million dollars. You decide to retire and live off $70,000a year. You have gotten conservative now that you are retired and can only get 5% return on your money? You plan to take annual distributions. How long will your money last to the nearest decimal (ex 11.1)?
Your money will last approximately 22.5 years to the nearest decimal.
To calculate how long your money will last given your retirement plan, we can use the formula for present value of an annuity, which is:
[tex]PV = C * [(1 - (1 + r)^(-n)) / r][/tex]
Where:
PV is the present value of the annuity, which is the amount of money you need to have today to fund the annuityC is the amount of the annual payment, which is $70,000 in this caser is the annual interest rate, which is 5% in this casen is the number of payment periods, which is the number of years you want your money to lastWe want to solve for n, so we can rearrange the equation to:
[tex]n = -log(1 - PV*r/C) / log(1 + r)[/tex]
Substituting the values we have, we get:
[tex]n = -log(1 - 1000000*0.05/70000) / log(1 + 0.05)[/tex]
Evaluating this expression gives us:
n ≈ 22.5
So your money will last approximately 22.5 years to the nearest decimal.
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T/F. behaviorally anchored rating scales (bars) are a performance appraisal system in which information about an employee is gathered from supervisors, co-workers, subordinates, and sometimes suppliers and customers.
Behaviorally Anchored Rating Scales (BARS) is a performance appraisal system which gathers information about an employee from supervisors, co-workers, subordinates, suppliers, and customers. The given statement is True.
Behaviorally Anchored Rating Scales (BARS) is a qualitative approach which combines detailed examples of specific job performance with a numerical rating scale, which gathers information about an employee from supervisors, co-workers, subordinates, suppliers, and customers. It is a performance appraisal system. It is an objective way of assessing employees and is being used increasingly by organizations. Consequently it forces managers to rate their subordinates based on actual achievements and not on personal opinions. Employees are treated fairly under this system.
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