What song lyric from the Rolling Stones expresses a powerful economic idea?

Answer:

The statement is: True.

Explanation:

Linking a checking account with a debit account allows the account holder to use the money available in the two (2) accounts jointly. In the case, that person runs out of money in one of the accounts, the money available in the other will provide immediate support. It is helpful when avoiding checks wrote for the checking account to bounce due to insufficient funds.

This computation revolves around various cost classifications involving total product cost, total period cost, total direct and indirect manufacturing costs, total manufacturing and non-manufacturing costs, total conversion and prime costs, total variable manufacturing cost and fixed cost, variable cost per unit and incremental manufacturing cost.

1.

Total product cost includes direct materials, direct labor, and both variable and fixed manufacturing overhead. It equals $72,000 + $36,500 + $16,200 + $28,900 = $153,600.

Total period cost includes variable and fixed selling expense, and variable and fixed administrative expense. Thus, it equals $12,600 + $19,200 + $4,300 + $25,600 = $61,700.

2.

Total direct manufacturing cost includes direct materials and direct labor, equating to $72,000 + $36,500 = $108,500.

Total indirect manufacturing cost comprises both variable and fixed manufacturing overhead, summing up to $16,200 + $28,900 = $45,100.

3.

Total manufacturing cost equals total product cost, which is $153,600.

Total non-manufacturing cost is the same as total period cost, $61,700.

Total conversion cost comprises direct labor and manufacturing overheads, resulting in $36,500 + $45,100 = $81,600.

The prime cost includes direct materials and direct labor, adding up to $72,000 + $36,500 = $108,500.

4.

Total variable manufacturing cost includes variable manufacturing overhead and direct materials and direct labor. Therefore, it equals $16,200 + $72,000 + $36,500 = $124,700.

Total fixed cost is the sum of fixed manufacturing overhead, fixed selling expense, and fixed administrative expense, hence $28,900 + $19,200 + $25,600 = $73,700.

Variable cost per unit produced and sold equals total variable manufacturing cost divided by the number of units, resulting in $124,700/1,000 = $124.70.

5.

If Dozier had produced 1,001 units instead of 1,000 units, the incremental manufacturing cost would have been the variable manufacturing cost per unit, which is $16,200/1,000 = $16.20.

https://brainly.com/question/33287351

#SPJ3

To compute Dino's return on sales ratio for the month of January, subtract the total expenses from the net sales to find the net income. Then divide the net income by the net sales and multiply by 100 to get the return on sales ratio, which is 13.8%.

To compute Dino's return on sales ratio for the month of January, we need to calculate the net income and net sales. Net income is calculated by subtracting operating expenses, cost of goods sold, and income tax expense from net sales. In this case, net income = net sales - (cost of goods sold + operating expenses + income tax expense). Net sales is $13,000, cost of goods sold is $5,000, operating expenses is $3,500, other income is $1,000, and income tax expense is $1,700.

So, net income = $13,000 - ($5,000 + $3,500 + $1,000 + $1,700) = $13,000 - $11,200 = $1,800.

Finally, we can calculate the return on sales ratio by dividing net income by net sales and multiplying by 100 to get the percentage. Return on sales ratio = (net income/net sales) x 100. In this case, return on sales ratio = ($1,800/$13,000) x 100 = 0.138 x 100 = 13.8%.

Answer:

Explanation:

Date 31 Dec 2018

General journal:

Debit Cash                                       186534

Debit Discounts on bonds payable 13466

       Credit Bonds payable                          200000

Date June 30 2019

Debit Interest expense (6000+1684) 7684

        Credit Cash 6000

        Credit Discounts on bonds payable (13466-11782) 1684

Cash paid = Par value of bonds * interest rate * 6months/12months = 200000*0.06*6/12=6000

Date Dec 31 2019

Debit Interest expense 7684

          Credit Cash 6000

          Credit Discounts on bonds payable (13466-11782) 1684

(a)

On 31 Dec 2018

Cash $186,534

Discounts on bonds payable $13,466

     To Bonds payable $200,000

(Being issuance of the bond is recorded)

(b)

On June 30 2019

Interest expense ($6,000 + $1,684) $7,684

     Cash $6,000

     Discounts on bonds payable ($13,466 - $11,782) $1,684

(Being first interest payment is recorded)

Note:

Cash paid = Par value of bonds × interest rate × 6months ÷ 12months

= $200,000 × 0.06 × 6 ÷ 12

= $6,000

(c)

On  Dec 31 2019

Interest expense $7,684

        Cash $6,000

        Discounts on bonds payable ($13,466 - $11,782) $1,684

(Being second interest payment is recorded)

Learn more: brainly.com/question/20421012

Answer:

'Taxes' can be defined as a compulsory contribution to the state's or country's revenues, which are levied by the governments on personal incomes of individuals or profits of the corporate, or on some transactions.

Taxes are the main source of revenues for any government, through which it receives the necessary funds to spend on various activities it undertakes for public welfare and maintaining the law and order and security of the nation.

Many theorists believe that every tax should be evaluated on certain standards and the following four standards have been mentioned for evaluating whether taxes are good or not:

There may be certain provisions introduced in the federal tax system, which are targeted to induce certain behaviors or shift people's attention towards certain activities. These provisions are called tax preferences

Does this proposed change in Jurisdiction E's tax law meet the definition of a tax preference? Explain briefly.

In the given question, the decision of the jurisdiction to give deduction to the people for the snow removal equipment they purchase, is definitely a tax preference as it induces people to invest in snow removing machines, as they are getting full deduction of such expense in income taxes.

By having this provision, the government is motivating people to invest in these machines, and people also have the benefit of having such machine with them, and also getting tax deduction for such expense, so getting such machine almost free (this applies to people who have incomes in such tax bracket only). Thus it is the way of government in encouraging people to buy snow removing machines and reduce the burden on the government. Thus it is clearly a tax preference.

Jurisdiction E forecasts that the proposed change will decrease its annual tax revenues by $250,000 but will improve the jurisdiction's financial condition by $300,000. On what assumptions is this forecast based?

The forecast regarding decrease in annual tax and improvement in financial condition is based on the assumptions of people taking benefit of such a provision, and actually investing in snow removing machines.

The jurisdiction believes that people will purchase the machines and make claims for deductions, effecting the tax revenue by $250,000. But at the same time, as many people will themselves remove the snow, the government doesn't have to spend so much on snow removal and thus make the savings of $300,000

Answer:

The amount that the company should include in the current liability section of the balance sheet is $16,000

Explanation:

The short-term debt that the company is refinancing with long-term debt is non-current and  deferred tax liability arising from depreciation is also non-current and should be disclosed as such in the Balance sheet after the sub-heading long-term borrowings.

Therefore, The amount that the company should include in the current liability section of the balance sheet is $16,000

Answer:

Explanation:

The bad smell is a cost into the society that result from production of goods. A trade-off is what you give up to benefit from the choice of another alternative. If the bad result was removed, there would be a trade-off between having a good environment and production of commodities for the purpose of growing economically. If production of goods is reduced, it means the quality of life will improve and that enhances development.

If the bad result of a terrible smell is reduced, there would be a trade-off of a decrease in economic production.

In a country where most economic production results in a terrible smell, there is a trade-off if the bad result is reduced. The trade-off would be a decrease in economic production. This is because reducing the terrible smell may require implementing measures that could be expensive and time-consuming for businesses, leading to a decrease in productivity and output.

https://brainly.com/question/32032970

#SPJ3

Answer:

Correct Answer is Option c  

It is efficient to build the fence.  

(The net profit is 100 to each for an entire of 200 and the cost is 150, consequently it is efficient. For example both contribute 75, and their evaluation is 100 so both are better off with the barrier built)

a) and b) are incorrect as disbursing more than the own evaluation is not a firmly conquered strategy and each player giving 100 will be corresponding to a total of 200 and it is not a Nash equilibrium as both can reduction what they pay and be better off.

d) There are Nash equilibria in which the fence is not built. (Assume one is paying 0, then the cost to be reserved up by the other one will be 150 and the evaluation is 100, so both paying 0 will be a Nash equilibria as neither have any inducement to deviate and pay alone).

Answer:

According to IAS 36 Impairment of Assets says that impairment must be launched when it is clear that the carrying value of the asset is higher than  fair value less cost to sell or value in use.

In this question, we can see that the carrying value which is $18.64m is higher than $11.6m by $7.04m (18.64-11.6).

Dr. Impairment Loss   $7.04m

CR. Accumulated Impairment Loss   $7.04

The (Dr.) impairment Loss Should be Reported in the statement of comprehensive income as an Expense and (CR.) Accumulated Impairment Loss would reduce the Carrying Amount of the Respective Asset in the balance sheet.

Answer:

================================================================

Accounts titles and explanation                                Debit            Credit

================================================================

Allowance for Doubtful Accounts                     $13,300

Accounts Receivable                                                           $13,300

-----------------------------------------------------------------------------------------------------------

Accounts Receivable                                              $3,200

Allowance for Doubtful Accounts                                                  $3,200

-----------------------------------------------------------------------------------------------------------

Cash                                                                            $3,200

Accounts Receivable                                                                       $3,200

-----------------------------------------------------------------------------------------------------------

Bad Debt Expense($18,000 - $13,300 + $3,200

= $7900 balance before adjustment);                       $19300

($27,200 - $7900 = $19300 adjustment)          

Allowance for Doubtful Accounts                                          $19300

================================================================

Explanation:

The journal entries to record the 2017 transactions of Finzelberg Company will be given as:

================================================================

Accounts titles and explanation                                Debit            Credit

================================================================

Allowance for Doubtful Accounts                     $13,300

Accounts Receivable                                                           $13,300

-----------------------------------------------------------------------------------------------------------

Accounts Receivable                                              $3,200

Allowance for Doubtful Accounts                                                  $3,200

-----------------------------------------------------------------------------------------------------------

Cash                                                                            $3,200

Accounts Receivable                                                                       $3,200

-----------------------------------------------------------------------------------------------------------

Bad Debt Expense($18,000 - $13,300 + $3,200

= $7900 balance before adjustment);                       $19300

($27,200 - $7900 = $19300 adjustment)          

Allowance for Doubtful Accounts                                          $19300

================================================================

Explanation:

Focusing on the environment of development is a means of concentrating on the cycle of quality checks which enters the deliverable into development A method of high quality production will lead to the safety of the deliverables.

In the context of delivery the deliverable is generally utilized. Clearly it is essential for a deliverable to perform well in the environment it works in.

Answer:

All of them

Explanation:

Electronic business has revolutionised the concept of business and the method of doing business. Now a person can sit at home and do business globally. E-business has multiple advantages and routes. It can perform various business activities such as accounting, finance, marketing, manufacturing, and human resource activities. E-business is important because people perform various activities concerning various disciplines.

Answer and explanation:

Information policy sets the guidelines of how information must be transmitted and stored within an organization. Data administration allows handling that information according to the purpose of its use. Data quality refers to how good the information provided is and how it can be of use for achieving the company's objectives. All these three factors are essential for managing the organization's data resources to ensure they provide useful information according to the procedures established by the company and that can be of easy use for different purposes.

Final answer:

Information policy, data administration, and data quality assurance are essential for accurately managing a firm's data, impacting price, quantity, and quality while ensuring compliance and protecting against information overload and privacy breaches.

Explanation:

Information policy, data administration, and data quality assurance are crucial components for managing a firm's data resources efficiently and effectively in the Information Age. Information policy lays the foundation by setting the standards, guidelines, and protocols for managing information. This policy helps in reducing the risk of imperfect information affecting the company's operations.

Data administration involves the management and oversight of data assets, ensuring data is organized, accessible, and protected. This function is essential for maintaining data integrity and ensuring that information is accurate and reliable, which, in turn, directly impacts price, quantity, and quality of products or services.

Data quality assurance comprises processes and systems that aim to enhance the accuracy, completeness, and reliability of data. It offers mechanisms that safeguard against information overload, which can lead to flawed decision-making. For instance, modern farmers manage their production more effectively by utilizing accurate and quality data, rather than relying on traditional, less precise sources like the Farmer's Almanac.
Moreover, the preservation of personal, financial, and medical information privacy is a pressing concern in today's data-driven landscape, further underlining the necessity for robust information management strategies.

Answer:

These are the accounts that need to be classified

a. Interest Revenue  

b. Accounts Payable  

c. Capital  

d. Office Supplies  

e. Advertising Expense  

f. Unearned Revenue  

g. Prepaid Rent  

h. Utilities Expense  

i.  Withdrawals  

j. Service Revenue

Explanation:

a. Interest Revenue - Equity - increases with a credit - normal balance at credit.

b. Accounts Payable - Liability - increases with a credit - normal balance at credit.

c. Capital - Equity - increases with a credit - normal balance at credit.

d. Office Supplies - Asset - increases with a debit - normal balance at debit.

e. Advertising Expense - Expense - increases with a debit - normal balance at debit.

f. Unearned Revenue - Liability - increases with a credit - normal balance at credit.

g. Prepaid Rent - Asset - increases with a debit - normal balance at debit.

h. Utilities Expense - Expense - increases with a debit - normal balance at debit.

i.  Withdrawals - Asset - decreases wtih a credit (bank account), increases with a debit (cash) - normal balance at debit.

j. Service Revenue - Equity - increases with a credit - normal balance at credit.

In the subject of Business for High School students, we can identify accounts as assets, liabilities, or equity, determine if the accounts are increased with debits or credits, and identify the normal balance for each account.

1. Assets (A): Examples of assets include cash, accounts receivable, and inventory. Liabilities (L): Examples of liabilities include accounts payable, loans payable, and accrued expenses. Equity (E): Examples of equity include common stock, retained earnings, and dividends.

2. Debits (DR): Assets are increased with debits. Liabilities and equity are normally decreased with debits.

3. Normal balance: Assets and expenses have debit balances, while liabilities, equity, and revenues have credit balances.

https://brainly.com/question/36268454

#SPJ3

Answer:

(A). Willingness and ability

Explanation:

Situational leadership refers to that form of leadership wherein the leader is willing to modify or adapt his leadership style as per the ability of the follower to understand and complete a task.

As per Hersey and Blanchard model, there is no best leadership style and it all depends upon the kind of followers the leaders are dealing with. The ability and understanding of the followers determines which leadership form applies in a given situation.

Willingness refers to the desire to assume responsibility and perform a task while ability refers to how able or successfully a follower performs a task.

So followers readiness to own responsibility for their behavior depends on their willingness and ability.

The situational leadership theory developed by Hersey and Blanchard explains that followers' readiness to be responsible for their behavior is influenced by various factors.

The subject of this question is leadership theory. The Hersey and Blanchard situational leadership theory states that followers' preparedness to take responsibility for their actions relies on their capacity and desire to do so.It also depends on the availability of a substitute for task-oriented leadership, the position power of the leader, and the task structure. Ability and leader-member relations are also important factors.

https://brainly.com/question/34081770

#SPJ6

Answer:

net income = $24000

Explanation:

given data

investments = $60,000

withdrawals = $25,000

revenues = $93,000

expenses = $69,000

solution

we get here net income that is express as

net income = revenue - Expenses  ................1

put here value we get

net income = $93,000 - $69,000

net income = $24000

To calculate the net income for Charlie's Chocolates, subtract total expenses ($69,000) from total revenues ($93,000), resulting in a net income of $24,000. This is the profit the company made after all expenses.

To calculate Charlie's Chocolates' net income, we need to consider the company's revenues and expenses over a period. The owner's investments and withdrawals do not directly affect the net income calculation as they are considered owner's equity transactions, not revenue or expenses. Here's how you can calculate net income:

The net income is then calculated as:

Net Income = Revenues - Expenses

Net Income = $93,000 - $69,000

Net Income = $24,000

This $24,000 is the company's profit after covering all its expenses.

Answer:

The correct answer is letter "A": A monopoly.

Explanation:

A monopoly occurs when one company is the sole or nearly sole provider of a good or service within an industry. This potentially allows that company to become powerful enough to prevent competitors from entering the marketplace leading to limited consumer choice, higher prices, and limited response to customers' concerns.

Answer:

$125.00

Explanation:

Since Sue breached contract, Bertha is entitled to compensation in the amount of the extra cost incurred by her when buying the substitute balls.

If the original contract was for five boxes for $200 each and Bertha paid $225 per substitute box, the measure of damages is:

[tex]D=5*(\$225-\$200)\\D= \$125.00[/tex]

The measure of damages is $125.00.

Answer:

False

Explanation:

Ordinarily, economics cannot study the real world in the true state, otherwise we will be on an assignment that will almost know no end. Instead economists resort to theoretical abstraction of the real world which is able to illustrate complex relationship between variables through some analysis (often mathematical).

Economic models are mostly developed to identify some complex real world problems and apply scientific methods so as to gain a better understanding of the world around us.

Answer:

Option "C" is the correct answer to the following statement.

Explanation:

In a system, the supply curve of assets is longitudinal when the inflation rate is equivalent to the main credit rate of return.

The fund's rate is the exchange rate companies charge each other on loans that are used to satisfy capital requirements. Often, the inflation rate is puzzled with the rate of return, which is the rate of interest charged directly by the Federal reserve on credit. But they're not quite the same.

Therefore, option "C" is the correct answer.

Answer:

The correct answer is letter "E": Jurisprudence.

Explanation:

Jurisprudence typically means the philosophy of law. It refers to the study of that field. The ultimate goal of jurisprudence is to provide an understanding of the nature of law conveying legal reasoning and systems, and the role law plays in a community.

The nature of law is what tries to provide a general understanding of the essence of law, beyond simply listing its various types. It helps explain the core principles, roles, and functions of law in society, contributing to a thorough understanding of any legal system.

The correct option for the question would be 'A. The nature of law'. The nature of law attempts to provide us with a description that captures the general essence of law, rather than simply providing a list of various types of laws. It delves deeper to explore the core principles, functions, and roles that the law plays in society. By understanding this, we can gain a more complete comprehension of the workings of any legal system, including the American legal system. In other words, it attempts to define the very essence of what law is.

https://brainly.com/question/33249735

#SPJ3

Answer:

A = $3378.95

Explanation:

Given data:

Deposit amount = $2000

Compound annual rate 6%

Duration of deposition = 9 yr

amount after 9 year can be computed by using following formula[tex]A = P(1+ \frac{r}{n})^{nt}[/tex]

plugging all value in above formula

where n = 1,

P = 2000

r = 0.06

t = 9 year

interest is compounded annually

[tex]A = 2000 ( 1 + \frac{0.06}{1}^{1\times 9}[/tex]

A = $3378.95

Answer:

The correct answer is letter "B": The hiring organization calls the last place of employment for each finalist to verify the employment length and position held

Explanation:

Hiring companies require several pieces of information to applicants to verify the information they re including in their resumes is valid. Though, to get better job positions, some applicants may manipulate that data. Thus, if the hiring company reaches the last companies where the applicants are stating they worked, the hiring company could verify for how long they worked there, their position and the reason why the applicant is not part of the organization anymore.

Answer:

a. Product testing.                                              Appraisal cost

b. Product recalls.                                              External failure cost

c. Rework labor and overhead.                         Internal failure cost

d. Quality circles.                                                Prevention cost

e. Downtime caused by defects.                      Internal failure cost

f. Cost of field servicing.                                    External failure cost

g. Inspection of goods.                                      Appraisal cost

h. Quality engineering.                                      Prevention cost

i. Warranty repairs.                                             External failure cost

j. Statistical process control.                             Prevention cost

k. Net cost of scrap.                                            Internal failure cost

l. Depreciation of test equipment.                      Appraisal cost

m. Returns and allowances arising from poor quality.     External failure cost

n. Disposal of defective products.                      Internal failure cost

o. Technical support to suppliers.                      Prevention cost

p. Systems development.                                    Prevention cost

q. Warranty replacements.                                   External failure cost

r. Field testing at customer site.                          Appraisal cost

s. Product design.                                                 External failure cost

Explanation:

Appraisal costs are a specific category of quality control costs. Companies pay appraisal costs as part of the quality control process to ensure that their products and services meet customer expectations and regulatory requirements. These costs could include expenses for field tests and inspections.

External failure costs are those costs incurred due to product failures after they have been sold to customers. Also, they incurred despite the efforts made to prevent them.

Internal failure costs are those costs of quality associated with product failures that are discovered before a product leaves the factory. These failures are discovered through the firm's internal inspection processes

The costs incurred to avoid or minimize the number of defects at first place are known as prevention costs

Answer:

a. Annual Electronic Filing Requirement for Small Exempt Organizations (e-Postcard) Form 990-EZ,

Explanation:

The new law Taxpayer First Act  requires all tax-exempt organizations with a filing requirement Forms 990, 990-PF, 990-EZ, 990-T  and Form 8872 (Section 527 political organizations are now required to e-file their periodic contribution and expenditure reports) to do so electronically .

Form 990-N postcard have been required to e-file through the IRS’ website directly or by using a tax software approved by IRS since its inception.

Answer:

(a) Coins and currency. Cash And Equivalents

(b) U.S. Treasury (government) bonds. Investments

(c) Certificate of deposit. Time Deposits

(d) Cash in a bank that is in receivership. Cash And Equivalents

(e) NSF check (returned with bank statement). Cash And Equivalents

(f) Deposit in foreign bank (exchangeability limited). Cash And Equivalents

(g) Postdated checks. Cash And Equivalents

(h) Cash to be used for retirement of long-term bonds. Other Assets

(i) Deposits in transit. Other Assets

(j) 100 shares of Dell stock (intention is to sell in one year or less). Investments

(k) Savings and checking accounts. Cash and equivalents

(l) Petty cash. Cash and equivalents

(m) Stamps. Cash and equivalents

(n) Travel advances. Prepaid expenses

Answer:

There are 5 degrees of freedom.

Explanation:

If we want to find the degree of freedom in a chi-square check, the sample size was ' n ' then the number of degrees of freedom to be used in measurements would be n-1.

For a sample size of N=6, measure the degrees of freedom. Subtract 1 (df=6-1=5) from 6. of freedom in chi- square test .

therefore, the value of df is 5.

Groro Co. receives $10,000 cash, $80,000 worth of equipment, and assumes a $28,000 note payable. The accounting equation is balanced, and the journal entries are recorded in the Cash, Equipment, and Note Payable accounts.

(a) Analyzing the transactions using the accounting equation:

The accounting equation is Assets = Liabilities + Equity. In this transaction, Groro Co. receives $10,000 cash, which increases their assets. They also receive equipment worth $80,000, which increases their assets. Additionally, they assume a responsibility for a $28,000 note payable, which increases their liabilities. Therefore, the accounting equation is balanced.

(b) General journal entries:

Date | Account Title | Debit | Credit

xxx | Cash | $10,000 |

xxx | Equipment | | $80,000

xxx | Note Payable | | $28,000

(c) Posting the entries using T-accounts:

Cash:

Debit (+) | $10,000

Equipment:

Credit (-) | $80,000

Note Payable:

Credit (-) | $28,000

https://brainly.com/question/33883160

#SPJ3

Answer:

b. False

Explanation:

The concept of "direct expropriation" has never been problematic. It is an old public law institution that finds support in most national legal systems. This form implies a mandatory transfer of the title deed or the immediate occupation or confiscation of a property right. Normally, the State or a third party designated by it directly benefits from the measure. The term brings with it the connotation of a seizure by a governmental authority of the property of a person with the aim of transferring the property to another person, normally the authority that exercises its de jure or de facto power to order the seizure.

Answer:

The correct answer is letter "C": Customer dissatisfaction.

Explanation:

In front of a lack of policies, companies are likely to fail in accomplish their basic objectives such as manufacturing their goods on time or covering the minimum quality standards for the product to be attractive to consumers. Under that scenario, little by little the company will lose its market share as a result of customers' dissatisfaction.