When performing capital budgeting and considering replacement projects, one factor must be regarded as the potential salvage value of equipment no longer needed.
Salvage value is an asset's estimated book value after depreciation, depending on what a business needs to obtain in return for the entity at the end of its lifespan. As a result, an asset's estimated salvage value is crucial when determining a depreciation schedule.
Salvage value should be considered when performing capital budgeting and considering replacement projects on pieces of equipment no longer needed. Any asset that a business will depreciate on its records over time can have a projected salvage value determined. Every business will establish its own set of criteria for calculating salvage value.
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suppose the university health center receives flu vaccinations at the beginning of each flu season and offers these vaccines to students at the market price of $20.00 each. of course, college students have varying budgets—some have money to spare, while others have difficulty meeting basic needs. additionally, some students have pre‑existing conditions, such as asthma or diabetes, that place them at high risk for the flu.
$20 will be paid to them by the students who want to get the vaccine.
What do you mean by a vaccine?An infectious disease-specific active acquired immunity is provided by a vaccine, which is a biological preparation. An agent that resembles a disease-causing bacteria is generally found in vaccines, and this agent is frequently created from the microbe's toxins, weakened or deceased versions, or one of its surface proteins. The substance induces the immune system to identify the substance as a threat, eliminate it, and then identify and eliminate any subsequent bacteria that may be connected with the substance. Vaccines can be therapeutic (to treat the symptoms of a current infection by a natural or "wild" pathogen) or preventive (to stop or lessen the effects of a future infection) (to fight a disease that has already occurred, such as cancer).
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you are on the emma website considering investing in a municipal bond. what does the information under cusip tell you that is most important?
You are on the EMMA website considering investing in a municipal bond. The information under CUSIP tells you that the most important is the disclosure statement associated with the bond.
The free source of data and information on almost all municipal bonds in the municipal market is the Electronic Municipal Market Access (EMMA®) website. The EMMA website is run by the Municipal Securities Rulemaking Board (MSRB) to encourage an open, equitable, and effective market. A website called Electronic Municipal Market Access (EMMA) service was developed to inform the public about municipal bonds, bond prices, and market trends. Municipal bonds or money market funds will both pay you interest if you are investing for income. Just be aware that while money market funds are likely not to lose value, bonds occasionally do. Also, keep in mind that you are actually earning more than the interest rate would suggest because municipal bonds are tax-free.
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a company wants to add a quality inspection station to its assembly line. what type of project does this represent?
A company wants to add a quality Planning inspection station to its assembly line. what type of project does this Process represent.
Designing a process that will be able to achieve predetermined goals while operating is the responsibility of quality planning. When a scenario has one or more of the following traits, quality planning is a process that can be applied. A service has never been offered before. Project managers are becoming increasingly concerned with quality assurance and safety. Construction-related flaws or failures can cost a lot of money. Reconstruction may be necessary and facility operations could be hampered even by small flaws. The effect is higher costs and delays. Failures could, in the worst scenario, result in fatalities or serious physical injury. Similar to other accidents, construction-related mishaps can lead to serious costs and human injuries. Due of these higher direct expenses, indirect costs for insurance, inspection, and regulation are rising quickly. Good project managers make an effort to guarantee that tasks are completed accurately the first time and without severe mishaps.
Because it enables you to deliver a successful project and maintain the satisfaction of your stakeholders, quality planning is essential to project management. A project manager establishes the criteria for what constitutes project success and outlines the activities necessary to meet those criteria.
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a manufacturing operation consists of 10 operations; 5 of them are distinct machining operations and the other 5 are distinct assembly operations. however, five machining operations must be completed before any of the five assembly operations can begin. within each set of five, operations can be completed in any order. how many different production sequences are possible?
14,400 production sequences are possible.
Since the first set of machining operations can be performed in any order, after selecting one, there are 4 operations left. After selecting another, there are 3 operations left.
After selecting yet another, there are 2 operations left. Finally, after selecting yet another, there is only 1 operation left. This procedure may be described by the equation below: There are 120 potential options when multiplying 5 by 4 by 3 by 2 by 1. It may also be written mathematically as 5! = 120.
Here, We have 5 × 4 x 3 x 2 x 1 = 120 potential unique options for the final five assembly processes.
So total number of combinations will be - 120 × 120
= 14,400
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if you have 12% withheld for federal taxes, 7% for state taxes, and fica is 7.65%, how much are your involuntary withholdings in all if your gross pay was $2,400.00 per month and your net income was $1,550.40 per month?
The value of Involuntary will be approximately 283.56.
What are taxes?Taxes can be defined as the part where an individual, firm, or company gives taxes to the government as it is a form of revenue.
The given data is be:
The federal taxes rate is 12%
state taxes rate is 7%
the gross pay was $2,400 p.m.
net income $1,550.40 p.m.
The formula for Total known withholding is
Total known with holdings = federal state + FICA + involuntary
(12+7+7.65)% of 1,375+ Involuntary
Net income can be equated with gross with holdings
$725.00 = $1,375.00 - [(12+7+7.65)% of 1,375 + Involuntary]
Calculating the value of involuntary in the firm:
Involuntary = $1,375.00 [(12+7+7.65) % of 1,375] - $725.00
= $1,375.00 [(26.65) % × 1,375] - $725.00
= $1,375.00 - [(26.65) 100 × 1,375] - $725.00
= $1,375.00 366.4375-$725.00
=283.56225 283.56
Therefore, the answer is “283.56”
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if you are paying for the actual time your attorney spends on your legal matter, you are being charged a(n):
You are being charged an hourly fee if you are paying for the real time your lawyer spends working on your case.
An attorney is a person who is designated to represent another in commercial or legal concerns. They are often lawyers.
Is a lawyer also an attorney?Attorneys, on the other hand, can only consult with, advise, and assist their clients while practising law, as opposed to an attorney who can also pursue lawsuits against defendants and represent clients in court in addition to providing legal counsel and assistance.Attorneys offer clients advice and counsel in civil and criminal cases. They represent their clients in court by presenting qualified counsel, preparing court documents, and appearing personally.To Learn More about Attorneys, click the links.
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the manager is responsible for keeping up to date on all regulations and food safety practices as well as and monitoring their entire staff.
The manager is responsible for keeping up to date on all regulations and food safety practices as well as turnover and monitoring their entire staff.
What is turnover?How quickly a business conducts its operations is determined by the accounting notion of turnover. Turnover is typically used to determine how rapidly an organization sells its inventory or how quickly it collects money from accounts receivable.
Accounts receivable, inventory, portfolio, and working capital turnover are examples of common forms of turnover. A variety of these ratios can help businesses, frequently with the aim of maximizing turnover, better gauge the effectiveness of their operations.
The percentage of a portfolio sold in a given month or year is known as turnover in the financial sector. More commissions are earned for trades executed by a broker when the turnover rate is high.
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the most common source of changes to a project based on the natural tendency of the client and project team members to improve the project’s output is called
The maximum commonplace supply of adjustments to a venture primarily based on the natural tendency of the client and assignment crew members to improve the mission’s output is called Scope creep.
The definition of a purchaser method is a client or someone who makes use of services. An example of a purchaser is a pupil being tutored at a university writing middle. (Ancient) someone depending on every other, for protection or patronage. A terminal or non-public laptop that is connected to a server.
A purchaser is someone who buys services or products from a corporation, even as a client refers to a sure type of client who purchases professional services from an enterprise. typically speak me, customers purchase products at the same time as customers purchase recommendations and solutions.
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explain purpose of visual aids
what is one disadvantage of npv as a capital budget method? a.) it can be inaccurate because a company cannot adjust the discount rate when calculating npv. b.) it is not very good at accounting for opportunity cost. c.) it can only be used to assess a single investment and is not a comparative tool. d.) there is disagreement about whether a project with a negative npv should be approved or not.
It can be inaccurate because a company cannot adjust the discount rate when calculating NVP is one disadvantage of NVP as a capital budget method.
An employer, abbreviated as co., is a felony entity representing an association of humans, whether or not natural, criminal or a mixture of both, with a particular goal. company members percentage a common reason and unite to gain unique, declared dreams.
A company is a legal entity fashioned by using a collection of individuals to interact in and perform a commercial enterprise agency in a commercial or business ability. An enterprise's commercial enterprise line depends on its structure, which can range from a partnership to a proprietorship, or even a business enterprise.
An employer is a kind of commercial enterprise structure that may be a separate felony entity from its proprietors. it's a complicated commercial enterprise structure, with better set-up and administrative expenses because of more reporting requirements and better-stage felony obligations.
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the stack pole company retails two products: a standard and a deluxe version of a luggage carrier. the budgeted income statement for next period is as follows:
Standard and Deluxe Carriers Sold at a Ratio of 187,500 to 62,500
Therefore, the ratio is 3:1, which means that 3 Units of Standard will be sold for every Unit of Deluxe.
(three times ten) plus Weighted Contribution Margin (1 x 20)
Per unit, $50
Breakeven point equals 2,250,000 / 50 in bundles. =45,000
So the Standard Carrier Break even point is 45,000 times three, or 135,000
.Breakeven Point for Deluxe Carrier = 45,000 multiplied by one is 45,000.
Total units needed to break even are 180,000 (135,000 + 45,000).
2) If Standard Carriers Are Sold Only,
Standard Carriers Contribution Margin = 28 - 18 = 10
Breakeven points = 2,250,0 / 10 =225,000 Units
b)Only sell Deluxe carriers
Contribution Margin for Deluxe Carriers is equal to 50 minus 30.
2,250,000/20 is the break-even point.
=1,12,500 Units
3)Operating Income
Standard Deluxe Total
Sales $ 5,600,000 $ 2,500,000 $ 8,100,000
Variable Cost $ 3,600,000 $ 1,500,000 $ 5,100,000
Contribution Margin $ 2,000,000 $ 1,000,000 $ 3,000,000
$2,250,000.00 in fixed costs
$750,000.00 in operating income
The sales ratio is 200,000:50,000, or 4:1.
Bundle contribution margin = (4 x 10) + (1 x 20) =60
Break Even in Bundles is equal to 2,250,000 / 60.
36,500 Bundles
Gaining Equal Points
Standard Carrier = 37,500 times 4 = 150,000.
A Deluxe Carrier costs 37,500 multiplied by one.
150,000 plus 37,500 units, or 187,500 units, are needed to break even.
The Break Even Points and Operating Incomes are altered by the change in Sales Mix.
Delux Corporation, a retail sales corporation, has a taxable income of $500,000. Delux Corporation's regular tax liability is A. $158,250. B. $175,000. C. $105,000. D. $162,200.Delux Corporation's regular tax liability is: . $105,000.
The new company tax rate is 21% as of 2018.Previously, it was reduced from 35% to 21%.As a result, while determining Delux Corporation's tax obligation, the taxable income will equal C.'s $105,000 (21% of $500,000).Prior to 2018, B. would have owed $175,000 in taxes.This is a reduction of $70,000 in taxes that the government lost so that businesses might invest in the expansion of the economy.
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question 4 a company wants to make more informed decisions regarding next year’s business strategy. an analyst uses data to help identify how things will likely work out in the future. this is an example of which problem type?
By using data to help identify how things will likely work out in the future is an example of this problem type: A. making predictions.
Who is a data analyst?A data analyst can be defined as an expert or professional who is saddled with the responsibility of inspecting, transforming, analyzing, and modelling data with the sole aim of discovering useful information, providing insights, and creating informed conclusions, so as to support decision-making.
The data analyst six (6) problem types.Generally, there are six (6) problem types that are associated with a data analyst and this include the following:
Making predictionsCategorizing thingsSpotting something unusualIdentifying themesDiscovering connectionsFinding patternsIn this context, we can reasonably infer and logically deduce that a data analyst using data to help identify how things will likely work out in the future is an example of making predictions because it entails making an informed decision about the future.
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Complete Question:
A company wants to make more informed decisions regarding next year’s business strategy. an analyst uses data to help identify how things will likely work out in the future. This is an example of which problem type?
Making predictions.
Spotting something unusual.
Identifying themes.
Discovery connections.
Answer:
How should this model be completed to represent 820 ÷ 17? Enter your answers by filling in the boxes. I'm in 5the BTW
Explanation:
your answer XB
yoooooooooooooooooooooooooooooo
if the trial balance is in balance, it can be assumed that all journal entries were posted correctly and no errors were made.
No, trial balance is in balance it doesn't means that all entries are correct.
Trial balance plays an important part in accounting process. It summaries list of all ledger accounts and their balances. This is used to ensure that debit balance is equal to credit balance.
If trial balance match and the balances are correct. It doesn't means that all entries are correct. There are compensating errors also which errors are occurred but are failed to show in the trial balance.
Thus, it is not always correct that the if balance matched in trial balance will have no errors in journal or posting.
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what is the best definition of the capability of a process? select one: a. how well the input of a process satisfies the customer of the process. b. how fast is the throughput of a process c. the standard deviation of the process d. how many defects we make.
Correct option is A. The best definition of the capability of a process is how well the input of a process satisfies the customer of the process.
What is the purpose of process capability analysis?
To determine how well a certain process complies with a set of specification restrictions, a set of techniques called process capability analysis is utilized. In other words, it assesses the effectiveness of a procedure.
In actuality, it compares the distribution of sample values—representing the output of the process—against the specification limits, or the upper and lower bounds of what we aim to achieve. It may also be compared to a specification target.
Process capacity indices are frequently used to describe a process's capabilities. Depending on your analytical needs, you could calculate one or more of the several process capability indices. However, in order to compute any process capacity indices, you must first presume that your process is stable.
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multiple choice question strategy is . multiple choice question. the set of actions a firm takes to achieve a competitive advantage
1) A strategy is a course of action used by managers to achieve one or more objectives of the organization. A overall direction established for the business and its numerous parts to achieve a desirable condition in the future is another definition of strategy. The thorough strategic planning process yields strategy.
2) A firm's strategy is the collection of goal-directed actions it employs to achieve and maintain superior performance in comparison to rivals.
Planning a strategy requires keeping in mind that choices are not made in a vacuum and that each action done by a company is likely to elicit a response from those it will likely affect, including competitors, clients, employees, or suppliers.
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Assume that the socially efficient output level in the residential solar panel market is 1,000 units per week, but the industry is only producing 800 units per week at current capacity. The industry’s under-production is causing.
The industry's under-production is causing d) society to lose out on a net benefit, as the next panel produced would have more consumer value than production costs.
What is consumer value?Consumer value is the perceived preference of a product or service over alternatives by consumers.
Consumer value is evaluated through the eyes of the consumer.
By not producing at full capacity, the residential solar panel market is unwittingly creating artificial scarcity and reducing productivity for residential solar panels, which can drive up prices.
Thus, the industry's under-production is causing d) society to lose out on a net benefit.
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Question Completion with Answer Options:a) a net cost on society because the last panel produced had more production costs than consumer value.
b) a net cost on society, because the last panel produced had more consumer value than production costs.
c) society to lose out on a net benefit, as the next panel produced would have more production costs than consumer value.
d) society to lose out on a net benefit, as the next panel produced would have more consumer value than production costs.
the robinson corporation has $38 million of bonds outstanding that were issued at a coupon rate of 12.050 percent seven years ago. interest rates have fallen to 11.050 percent. mr. brooks, the vice-president of finance, does not expect rates to fall any further. the bonds have 17 years left to maturity, and mr. brooks would like to refund the bonds with a new issue of equal amount also having 17 years to maturity. the robinson corporation has a tax rate of 30 percent. the underwriting cost on the old issue was 3.80 percent of the total bond value. the underwriting cost on the new issue will be 2.40 percent of the total bond value. the original bond indenture contained a five-year protection against a call, with a 8 percent call premium starting in the sixth year and scheduled to decline by one-half percent each year thereafter. (consider the bond to be seven years old for purposes of computing the premium.) use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. assume the discount rate is equal to the aftertax cost of new debt rounded up to the nearest whole percent (e.g. 4.06 percent should be rounded up to 5 percent).
the Robinson corporation has $38 million of bonds outstanding that were issued at a coupon rate of 12.050 percent seven years ago. interest rates have fallen to 11.050 percent. mr. brooks, the vice-president of finance, does not expect rates to fall any further. the bonds have 17 years left to maturity, and mr. brooks would like to refund the bonds with a new issue of equal amount also having 17 years to maturity. the Robinson corporation has a tax rate of 30 percent. the underwriting cost on the old issue was 3.80 percent of the total bond value. the underwriting cost on the new issue will be 2.40 percent of the total bond value. the original bond indenture contained a five-year protection against a call, with a 8 percent call premium starting in the sixth year and scheduled to decline by one-half percent each year thereafter. (consider the bond to be seven years old for purposes of computing the premium.) use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. assume the discount rate is equal to the aftertax cost of new debt rounded up to the nearest whole percent (e.g. 4.06 percent should be rounded up to 5 percent).
Discount Rate = [Interest Rate × (1 – Tax Rate)]
Discount Rate = [11.750% × (1 – 30%)]
Discount Rate = 0.08225 OR 8.23%
Hence, the discount rate is 8.23%.
A transaction or financial instrument's life expires on the day of maturity, at which point it must be renewed or it will no longer be valid. This phrase is frequently used to refer to deposits, spot foreign exchange trades, forward transactions, interest rate and commodity swaps, options, loans, and fixed income securities like bonds. Sometimes as part of a campaign to draw in new investors, financial institutions would temporarily change maturity dates. A bank could provide a greater rate of return for a short-term CD when it comes to promotional certificates of deposits (CDs). The promotional CD usually renews at the same rate and duration as a regular CD when it reaches maturity.
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research a health care organization or network that spans several states with in the united states (united healthcare, vanguard, banner health, etc.). assess the readiness of the health care organization or network you chose in regard to meeting the health care needs of citizens in the next decade. prepare a 1,000-1,250 word paper that presents your assessment and proposes a strategic plan to ensure readiness. include the following: describe the health care organization or network. describe the organization's overall readiness based on your findings. prepare a strategic plan to address issues pertaining to network growth, nurse staffing, resource management, and patient satisfaction. identify any current or potential issues within the organizational culture and discuss how these issues may affect aspects of the strategic plan. propose a theory or model that could be used to support implementation of the strategic plan for this organization. explain why this theory or model is best. ou are required to cite a minimum of three sources to complete this assignment. sources must be appropriate for the assignment and relevant to nursing practice. prepare this assignment according to the guidelines found in the apa style guide, located in the student success center. an abstract is not required. this assignment uses a rubric. please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. you are required to submit this assignment to lopeswrite. a link to the lopeswrite technical support articles is located in class resources if you need assistance.
Overall readiness of the organization
In order to be ready to address residents' healthcare requirements in the coming ten years, Banner Health is quickly adopting value-based reimbursement methods. These models reward value rather than quantity, and by shifting a sizeable portion of the financial and clinical risks from the payers to the providers, they can significantly reduce costs, boost efficiency, and improve the quality of care.
A strategy to deal with network expansion, nurse staffing, resource management, and patient satisfaction issues.
The strategic planning process at Banner Health takes into account patient satisfaction, resource management, strategic expansion, and nurse staffing. The objective of Banner Health is to build new facilities in response to the rising demand for healthcare services in order to meet both the country's present and future demands. The organization's goal is to build complete medical facilities and provide patients and families with convenient care. With the rapid growth of various regions, Banner Health wants to make sure that its health plan subscribers and patients have easy access to care when they need it.
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which neighborhood quality of life issue is most affected by the overuse of alcohol? a. litter b. property values c. traffic congestion d. homelessness
Property values neighborhood quality of life issue is most affected by the overuse of alcohol.
What is Property values?
Creating an opinion of value for actual property is known as real estate appraisal, property valuation, or land valuation. Because real estate transactions happen seldom and each property is unique, as opposed to corporate stocks, which are exchanged every day and are all the same, assessments are usually required.
Therefore,
Property values neighborhood quality of life issue is most affected by the overuse of alcohol.
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a manufacturer of washing machines has expanded its plant and created excess capacity, just as the general economy takes a downturn. the company is likely to:
Because the general economy takes a downturn, the company is likely to offer rebates and incentives for customers who purchase washing machines.
What are the rebates and incentives?In marketing, these are techniques of marketing promotion that are used to entice, induce prospective customers.
Therefore, as the firm has expanded its capacity where the the general economy takes a downturn, it is likely to offer rebates and incentives for customers who purchase washing machines.
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giannis corporation purchases debt investments as trading securities at a cost of $150,000 on december 1. this is its first and only purchase of such securities. on january 5, giannis corporation decides to sell a portion of its trading securities (costing $9,000) for $10,000 cash. the journal entry to record this sale would include a:
In a condition given above where the Giannis Corporation sells a proportion of its trading securities, costing $9,000, for an amount of $10,000, the journal entry of the transaction would include a gain of $1,000. Therefore, the option C holds true.
What is the significance of gains?The gains of a business organization can be referred to or considered as the surpluses earned by a company from the extraordinary and indirect operations, which are unrelated to its normal business activities. Any such gains are recorded under ''Other Revenues'' Accounts of the firm.
Therefore, the option C holds true and states regarding the significance of gains.
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The question seems to be incomplete. It has been added below.
Giannis corporation purchases debt investments as trading securities at a cost of $150,000 on December 1. This is its first and only purchase of such securities. On January 5, Giannis corporation decides to sell a portion of its trading securities (costing $9,000) for $10,000 cash. The journal entry to record this sale would include a:
A. Loss of $10,000
B. Gain of $10,000
C. Gain of $1,000
D. Gain of $9,000
during 2013, colgate-palmolive reported net income of $2,203 million. a. assume that the only changes affecting retained earnings were net income and dividends. what amount of dividends did colgate-palmolive pay to its shareholders in 2013?
The EPS will surpass $2.38.
The value made available to corporate shareholders after all costs and taxes have been subtracted is known as the earnings per share. Restructuring costs are one-time expenditures that are included in other operating costs on the income statement.
Restructuring and other one-time expenses during the period are included in the income statement, which lowers earnings before taxes and eventually lowers net profit. If these expenses are not included, the earnings will increase and the company's earnings per share (EPS) will increase.
What is the latest actual share count reported in the 2013 Colgate-Palmolive 10-K?918,943,637 shares were computed.
Colgate-Palmolive Company is a symbol of unrivaled consumer goods companies with products offered in about 200 countries and provinces worldwide.Colgate stood for stability in 1806 and was established in 1923 in accordance with specific Delaware State rules.
As of June 30, 2013, the final business day of its various recently ended secondary portion, the total market value of Colgate-Palmolive Company Common Stock held by non-associates was approximately $53.0 billion.Colgate-Palmolive Company Common Stock had 918,943,637 estimated shares as of January 31, 2014, although those shares were from 2013. 10-K for Colgate-Palmolive
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assume that bubba’s food truck only produces burgers and sushi. if bubba is currently producing at production choice e, his opportunity cost to move to production choice a would be:
The opportunity cost of switching to production option A is 40 pieces of sushi.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them. Making smarter decisions requires an understanding of the possible opportunities lost when a company or person selects one investment over another. The difference between the anticipated returns of each alternative is all that needs to be considered when estimating an opportunity cost. The determination of a company's capital structure involves opportunity cost analysis in a significant way. To make up for the investment risk, a company must pay costs when issuing both debt and stock capital.
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tar heel corporation provides the following information at the end of 2021. salaries payable to workers at the end of the year $ 2,700 advertising expense for the year 9,800 building that has been purchased 74,000 supplies at the end of the year 4,000 retained earnings 36,400 utility expense for the year 5,400 note payable to the bank 22,000 service revenue recognized during the year 66,400 salary expense for the year 26,100 accounts payable to suppliers 7,100 dividends paid to shareholders during the year (?) common stock that has been issued, including $6,000 that was issued this year 27,000 cash remaining 4,600 interest expense for the year 1,800 accounts receivable from customers 12,600 retained earnings at the beginning of the year 23,500 required: prepare the income statement for the year ended december 31, 2021. prepare the statement of stockholders’ equity for the year ended december 31, 2021. prepare the balance sheet for the year ended december 31, 2021.
1. The preparation of the income statement for the year ended December 31, 2021, for Tar Heel Corporation is as follows.
TAR HEEL CORPORATION
Statement of Stockholders' EquityFor the year ended December 31, 2021
Service revenue $66,400
Advertising expense $9,800
Utility expense 5,400
Salary expense 26,100
Interest Expense 1,800 $43,100
Net income $23,300
2. The preparation of the Statement of Stockholders Equity for the year ended December 31, 2021, for Tar Heel Corporation is as follows.
TAR HEEL CORPORATION
Statement of Stockholders' EquityFor the year ended December 31, 2021
Common Stock $27,000
Beginning Retained Earnings $23,500
Net income 23,300
Dividend (10,400)
Ending balance $36,400
Total ending equity $63,400
1. The preparation of the Balance Sheet for the year ended December 31, 2021, for Tar Heel Corporation is as follows.
TAR HEEL CORPORATION
Balance SheetDecember 31, 2021
AssetsCurrent assets:
Cash $4,600
Accounts Receivable 12,600
Supplies 4,000
Total current assets $21,200
Building $74,000
Total assets $95,200
Liabilities and EquityCurrent liabilities:
Salaries payable $2,700
Accounts payable 7,100 $9,800
Note payable $22,000
Total liabilities $31,800
Equity:
Common Stock $27,000
Retained earnings 36,400 $63,400
Total liabilities and equity $95,200
Data and Calculations:Tar Heel Corporation
Salaries payable $2,700
Advertising expense $9,800
Building $74,000
Supplies $4,000
Retained earnings $36,400
Utility expense $5,400
Note payable $22,000
Service revenue $66,400
Salary expense $26,100
Accounts payable $7,100
Dividend paid = $10,400 (calculated from the statement of stockholders' equity)
Common Stock $27,000
Cash $4,600
Interest Expense $1,800
Accounts Rec'ble $12,600
Totals $141,000 $158,900
Retained earnings at beginning = $23,500
Thus, the dividend paid for the year was determined as $10,400 from the statement of stockholders' equity.
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Question Completion:1. Prepare the income statement for the year ended December 31, 2021.
2. Prepare the statement of stockholders' equity for the year ended
3. Prepare the balance sheet for the year ended December 31, 2021.
auditors understand that receiving explanations from an entity's management is the step in the professional judgment process.
Adjudication means evaluating evidence to reach a decision. Judgment is also the ability to make well-thought-out decisions. The term has at least five different uses. Aristotle suggested looking at the antonyms of a term to determine whether the various uses are actually different.
Formal - The mental act of affirming or denying one thing in comparison with another. Judgments are communicated to others using agreed terms, in the form of words or algebraic symbols, as meanings forming statements relating to the terms, and further asserted meanings of 'relationship' are used to make judgments. understood and interpreted by those who do.
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Backed by the u. S. Government, these financial instruments are short-term debt obligations with a maturity of less than one year. They are considered risk-free investments.
Treasury Bills (T-Bills) are US Treasury bills backed by the Treasury and have a maturity of one year or less. US Treasury bills are generally sold in denominations of $1,000 and are backed by u. S. Government, these financial instruments are short-term debt obligations with a maturity of less than one year. They are considered risk-free investments.
Short Treasury Bond Funds are investment funds that, by their risk-free investment objectives and the Fund's Articles of Incorporation, are restricted primarily to investments in short-term federal or agency bonds. The short term is up to 5 years, depending on the definition of the fund.
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Adjustments help to ensure that all ______ are recorded in the period in which they are incurred.
Adjustments help to ensure that all expenses are recorded in the period in which they are incurred.
Revenues are recorded in the period in which services are rendered, expenses are recorded in the period in which they are incurred, and at the conclusion of an accounting period, the balances of the accounts on the balance sheet and the income statement are accurate.
One of a company’s financial accounts, an income statement or profit and loss account, lists the company’s revenues and costs for a specific time period. It describes the process through which revenues are converted into net income or net profit. The simple formula for income statement is Revenue - expenses. If revenue of company is more then it is profitable.
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When amazon says, "we want to be earth’s most customer-centric company," it is stating its code of ethics. True or false?.
Answer:
Explanation:
If you research what it means when a company uses their code of ethnics, it means basically their statement of truth, technically an oath. Basically the answer is False. Hope this helps!
explain the law of increasing opportunity costs using the example of economic growth and a production possibilities curve.
According to the law of growing opportunity cost, the opportunity cost of producing more units of a specific good will rise as an economy advances along its production possibilities curve in the direction of doing so.
"The Combined Production Possibilities Curve for Alpine Sports," illustrates how the rule of increasing opportunity cost operates as it moves from point A toward point D on the production possibilities curve. The opportunity cost of each of the first 100 snowboards is equivalent to half a pair of skis; the opportunity cost of each of the next 100 snowboards is one pair of skis; and the opportunity cost of the last 100 snowboards is two pairs of skis.
As the business switches from snowboards to skis, the law still holds true. Consider that it starts from point D and only produces 300 snowboards every month. It may first switch to producing skis at a reasonably modest price.
At Plant 1, the opportunity cost of the first 200 pairs of skis is merely 100 snowboards, or 0.5 snowboards for each pair of skis. In terms of producing skis, we would say Plant 1 has a competitive edge. The next 100 pairs of skis would be manufactured in Plant 2, where the monthly production of snowboards would decrease by 100 snowboards.
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when leann called on a long-time customer, she realized that the man was upset about the loss of his pet and took the time to listen to his problem. she was able to sympathize with the customer's recent loss of a pet by using her
When Leann called on a long-time customer, she realized that the man was upset about the loss of his pet and took the time to listen to his problem. she was able to sympathize with the customer's recent loss of a pet by using her emotional intelligence.
Emotional Intelligence is a concept popularized by Daniel Goleman who described it as “a master aptitude, a capacity that profoundly affects all other abilities, either facilitating or interfering with them.” It is the ability to sympathize with the pain of someone.
Emotional Intelligence is the capacity to recognize emotions in oneself and others, to understand its causes, be aware of its effects, and the ability to channelize these emotions into positive avenues. It is an essential trait for people working in organization, particularly those entrusted to deal directly with customers on a regular basis. For example, Leann's customer who lost her pet.
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