All of these choices are correct; The acquisition cost of a piece of equipment is testing costs prior to placing the equipment into production, transportation costs, installation costs.
The phrase "transportation Costs" refers to particular expenses paid by an employee or self-employed taxpayer who travels on company business. Travel expenses, which also include taxi fares, gas, parking fees, accommodation, meals, tips, cleaning fees, shipping fees, and telephone charges, are a subset of transportation expenses. Employees may incur these costs while on business trips and submit claims to their employers for reimbursement. On an employee's tax return, some transportation costs may be deducted from pay.
Transportation costs are any outlays for staff members who travel for work purposes. In most cases, an employee who travels for business is eligible to deduct the cost of their travel, lodging, meals, and any other connected expenses as a transportation expenditure.
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during the __________ era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising and selling.
During the Selling Era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising and selling.
A business's philosophy is the set of guiding principles it adheres to in order to accomplish its main objective. It encompasses the company's principles and grounds it amidst ups and downs. It ought to fit with the character, purpose, and vision of the brand. It highlights the company's actions, choices, and culture. You want your business philosophy to be inspiring, practical, and applicable to all company endeavours and divisions.
Production is the process of combining different material and immaterial inputs to create something that is intended for consumption. Production is the act of creating a result, a good or service that has value and enhances people's utility.
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2. Unemployment is likely to increase when
a. Aggregate demand is high
b. There is a period of moderate inflation
c. Workers voluntarily leave their jobs for new ones
d. The supply of goods is less than the economy demands
Unemployment is likely to increase when There is a period of moderate inflation
Inflation and unemployment have been historically maintained in an inverse relationship which is represented by the Phillips curve. Low levels of unemployment generally and typically corresponded with the higher inflation whereas high unemployment always corresponded with lower inflation and even deflation also.
Inflation is the term which is used to describe the drop of a currency's purchasing power over a fixed time. Unemployment is the situation where the economists refer to when the number of jobless people which are willing to work in the given time exceeds the supply of jobs in the workforce
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What are the examples of fair or unfair practices? in data analytics
Answer:
Fair practices in data analytics include using data ethically and responsibly, ensuring data accuracy and reliability, and protecting user privacy. Conversely, unfair practices in data analytics include using data for unethical purposes, manipulating data to produce biased results, and using data without the user's consent.
Explanation:
Using data lawfully and professionally, as well as guaranteeing its quality and dependability, are fair practices in data analytics. Using data unethically and altering data to obtain biased results are examples of unfair data analytics practices.
What is data analytics?Analyzing data collections to identify trends and make judgments about the information they contain is known as data analytics (DA). The study of examining unprocessed data to draw inferences about such information is known as data analytics.
Understanding trends or patterns from the enormous amounts of information being gathered requires the use of data analytics. It aids in performance optimization for enterprises.
Fair practices in data analytics include using data ethically and professionally, as well as ensuring its dependability and quality. Unfair data analytics practices include the use of data unethically and the manipulation of data to produce biased conclusions.
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Describe the marketing mix to reach the desired marketing objectives
The marketing mix is the collection of marketing tools that a company employs to achieve its marketing objectives in a specific market. There are various components of the marketing mix, but McCarthy's 'FOUR Ps' are universally accepted. These 4 Ps are ‘Product, Price, Place, Promotion’
Product- A product is defined as "anything of value" that is offered for sale in the market. The concept of product refers not only to the physical product but also to the benefits provided by the product from the consumer's perspective. The concept of product also includes what is offered to the customer in terms of after-sales services, handling complaints, availability of spare parts, and so on
Price- Price is the amount of money which the customers have to pay to obtain the product. It is a very crucial element of marketing mix as customers are highly price sensitive, and level of price affects the level of demand. Marketers have not only to decide about objectives of price setting but to analyze the factors determining the price and fix a price for the firm’s products.
Place- Place, also known as physical distribution, refers to activities that make a company's products available to its target customers. It also includes decisions about which intermediaries to use and how to support them through discounts, promotional campaigns, and so on.
Promotion- Promotion refers to all activities that communicate the availability, features, benefits, and so on of a product to potential customers and persuade them to purchase it. Organizations engage in a variety of promotional activities and spend significant money promoting their products through a variety of tools such as advertising, personal selling, sales promotion techniques, and public relations.
A company's success is determined by how well these elements are combined to provide superior value to customers while meeting sales and profit goals.
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Why are credit card companies more willing to offer a young person a secured credit card than an unsecured card?
Answer: I work at a bank and we offer young person a secured card than unsecured card because people tend to steal a young persons card more than a middle aged man or woman, because people think it is just more effortless I guess.
Explanation:
Why is lifelong learning important?
Answer:
to be very educated
Explanation:
Answer:
to understand life and the world
Which of the following taxpayers will NOT be eligible for a qualified business income (QBI) deduction for the business activity described?
Alejandro is a sole proprietor. He actively participates in his business and has a net profit of $60,000 this year.
Lindsay owns 10% of the shares of Gestures, Incorporated, an S corporation. She does not perform any services for the company. Her share of ordinary income is $3,000 this year.
Jeff owns 20% of the shares of Woodbury, Incorporated, a C corporation. He occasionally performs services and receives Form W-2 for his earnings.
Gina is a general partner of Business Case, a partnership. She actively participates in the business operation. Her share of ordinary income is $45,000 this year.
The taxpayer that will NOT be eligible for a qualified business income (QBI) deduction for the business activity described is option C: Jeff owns 20% of the shares of Woodbury, Incorporated, a C corporation.
Which business models are acceptable for Qbi?QBI is the total of all qualified items of income, gain, deduction, and loss from all qualified trades or businesses, including partnership, S corporation, sole proprietorship, and certain trust income.
A partnership, S corporation, or sole proprietorship that generates qualified business income (QBI) may be eligible for the QBI deduction. You are not permitted to deduct any income that you receive from a C corporation.
Therefore, The net amount of qualified items of income, gain, deduction, and loss from any qualified trade or business, including partnerships', S-corporations', sole proprietors', and certain trusts' income, is known as QBI. Hence option C is correct.
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Create a simple symbol to help explain each of the three types of loans that banks commonly
make: commercial loans, consumer loans, and mortgage loans. Write one or two sentences
explaining who would typically take our each type of loan and what the money would be used
for.
Borrowing cards are a type of unsecured revolving credit with higher interest rates. Commercial loans with terms of one to three years. Commercial loans with a longer term are typically secured by real estate or other large assets.
What is commercial loans?A commercial loan is arranged between a bank and a company and is used to pay for both operating expenses and capital investments. Collateral, such as real estate or machinery, is often required for commercial loans. Financial statements are typically required from businesses to demonstrate their capacity to pay.
Simply enough, "commercial" is another synonym for "business." Therefore, as opposed to a consumer loan, a commercial loan is only a business loan. A business loan might be used, for instance, to purchase both the building and a restaurant.
An mortgage loan used to buy, refinance, or repair a business property is known as a commercial real estate (CRE) loan. Numerous traditional and internet lenders offer CRE loans with slightly variable terms, fees, and eligibility requirements.
Loans that aren't typically managed by the real estate or consumer loan departments are referred to as "commercial loans" in common parlance. Commercial or business loans are typically one of a national bank's most significant assets when it comes to asset distribution.
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A student paraphrases the ideas of an expert criminologist in her essay on crime and deviance. Should she:
Based on the essay writing technique and standards, when a student paraphrases the ideas of an expert criminologist in her essay on crime and deviance. she should cite the source and reference it.
Paraphrasing ideas in the essayThe act of paraphrasing different ideas when writing an essay as a student is a very common thing. However, when paraphrasing, it is always expected that the writer cites the source and makes a reference to the original person who jas the idea to avoid plagiarizing.
Three methods of paraphrasing are the following:Acknowledging paraphrasingOrganizing paraphrasingAbstracting paraphrasingAlso, to make a proper paraphrasing, one needs to do the following:Ensure to use synonymsAlways use the different word formMake sure to change from active to passive.Always try and change the word order.Make use of a combination of techniques.Hence, in this case, it is concluded that when a student paraphrases the ideas of an expert criminologist in her essay on crime and deviance, she should cite the source and reference it.
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Please help me look for the answer to this question!!!
On July 1, 2019, Sheridan Company purchased new equipment for $80,000. Its estimated useful life was 8 years with a $12,000
salvage value. On December 31, 2022, (before calculating annual depreciation) the company estimated that the equipment's
remaining useful life was 10 years, with a revised salvage value of $5,000
(what is in the red box is incorrect)
The depreciation expense entry on Dec 31, 2019 is
DR Depreciation Expense $4250
CR Accumulated Depreciation $4250
The depreciation expense entry on Dec 31, 2020 is
DR Depreciation Expense $8500
CR Accumulated Depreciation $8500
Revised Annual depreciation to be charged on Dec 31, 2022 is $5375
The depreciation expense entry on Dec 31, 2022 is
DR Depreciation Expense $5375
CR Accumulated Depreciation $5375
Balance Accumulated Depreciation as on Dec 31, 2022 is $26,625
What is Depreciation?Depreciation is a systematic allocation of cost of an asset over the useful life. Depreciation is charged monthly or annually according to the policy. Depreciation can be calculated using straight line method or reducing method, these two are common methods of you of calculating depreciation.
In the case scenario provided in the question the depreciation was initially charged on eight years while the revised depreciation estimated that the useful life of the asset remaining is 10 years. The asset value is first deducted from the salvage value of the asset then divided by the number of estimated useful life. Revised depreciation can be calculated by taking the original amount of the asset minus accumulated depreciation till date minus salvage value then divide into revised useful remaining life of the asset.
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how do supply and demand work together to influence the price of a product
What is the use of registration card in front office department of hospitality industry
Answer:
After the guest arrives at the hotel, the front desk agent creates a guest registration record in order to collect important guest information like full name, address, date of birth, email, telephone number, company name, passport and visa details etc.
Answer:
Every business which has multi-departments should have a front office or a reception to receive the visitors. It is said that front office department is the face of the organization, as well as the voice of a business. Regardless of the rating of the hotel or the hotel type, the hotel has to have a front office as it is the most important and the first visible department of an organization.
Explanation:
What is one advantage of a trade school education?
A. Statistically, your lifetime earnings will be higher than a college
graduate's.
B. You will have a greater selection of electives.
C. It is less costly than attending a four-year college.
D. You can postpone getting a job longer.
Answer:
c
Explanation:
it is making me type more
Discuss why do wages differ across occupations?
Answer: Depending on the level or education.
Explanation: Some occupations require degrees and what not so if you have a degree or a phd you can get a job that has a higher wage because it required more knowledge. A job can offer a lower wage because it is easier or does not require studying or as much effort. An other factor is the rank, a janitor will be payed less than a lawyer because it is a very low rank. Difficulty also. Doctors and surgeons will be payed well because other humans lives are at risk whenever they perform a surgery
The stable behavioral and psychological characteristics responsible for a person's identity are known as _______
The stable behavior and psychological characteristics responsible for a person's identity are known as Personality.
Behavior refers to the assortment of behaviors and etiquette that people, living things, systems, and artificial entities exhibit in a given context. These systems may consist of both the inanimate physical world and other systems or species. It is the system's or organism's calculated reaction to different inputs or stimuli, whether internal or external, conscious or unconscious, overt or covert, and voluntary or involuntary.
From the standpoint of behavior informatics, a behavior is made up of an actor, an operation, interactions, and attributes. This can be shown as a vector of behavior.
People's health is greatly influenced by their behavior, and many behavioral patterns are intricately linked to their socioeconomic status.
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Monetarism Which of the following is a position held monetarists?
The economy is unstable; wages and prices are inflexible.
Changes in the velocity of money are unpredictable.
Aggregate demand depends on money velocity but not on the money supply.
The short-run aggregate supply curve slopes upward.
Initially, the economy is in long-term equilibrium. Suppose there is an increase in velocity-that is, there is an increase in the average number dollar is spent to buy goods and services.
Show the long-run effect of this change according to the monetarist view, ceteris paribus, by dragging one or both curves on the graph below.
The short-run aggregate supply curve slopes upward.
What the graph depicts?The aggregate supply curve displays the amount supplied in the market at various price points. While supply is inelastic in the short term, it is elastic over the long term.Money: The same factors that affect the supply and demand of commodities also affect the supply and demand of money. The assumption about the rate at which money is traded in an economy is known as the velocity of money. The frequency with which money is transferred from one person to another. It is the rate of economic spending by both consumers and corporations.Therefore, The short-run aggregate supply curve slopes upward.To learn more about supply curve, refer to
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Question 4 of 20
How is the equilibrium price found using a supply and demand graph?
A. It is found at the midpoint of the supply curve.
B. It is found at the midpoint of the demand curve.
C. It is found where the supply curve meets the demand curve.
D. It is found at the lowest point of the supply curve.
SOBMIT
Answer:
C.
It is found where the supply curve meets the demand curve
the party making the promise to pay the promissory note is the? a.maker. b.payee. c.lender. d.assignee.
Answer:
PAYEE
Explanation:
A promissory note is a legal instrument in which the first party (maker) promises to pay a specific amount to another (payee) at a specific time with specific terms and conditions.
For example: I want a business loan (promissory note). I go to the bank. They write up the paperwork. The loan officer (maker) agrees to pay me the $3000 at 6% for the next 3 years. I sign the paperwork stating I accept the loan (I am now the payee).
You walk outside only to find that your car has been towed because you
were parked illegally. You paid the towing company with a check and took
this unexpected expense from which budget?
'Utilities' can be used to pay for this unexpected expense
What is budget?
A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future spending and saving in addition to anticipated income and expenses.
Governments, companies, and people all utilize budgets as financial guidelines to monitor their income and expenses.
Maintaining that one's expenditure does not exceed their income is still a crucial component of financial planning.
What is utility budgeting?
Planning your spending and usage of energy according to your financial schedule. Taking into account the company's particular energy goals and making sure that budgets, along with any additional costs that need to be addressed, can be rolled up to appropriate responsibility centers.
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Which of the following statements are CORRECT when comparing For AGI deductions to From AGI deductions? (Choose all that apply.)
a. Deduction for AGI reduce AGI thus reducing the limitations on other tax benefits that are decreased or phased out for higher income taxpayers.
b. For AGI deductions are also called deductions ""below the line"" or ""itemized deductions.""
c. From AGI deductions are generally preferred over deductions for AGI.
d. Certain from AGI deductions may not have an effect on taxable income despite the taxpayer incurring the expense.
e. For AGI deductions are subtracted directly from adjusted gross income.
Option a and d are correct when comparing For AGI deductions to From AGI deductions. IRS calculates your annual income tax liability using your AGI.
Your annual gross income (AGI) is determined by adding up all of your revenue for the year and deducting specific income adjustments. Your AGI may have an impact on the amount of your tax deductions and your eligibility to contribute to certain types of retirement plans, such as a Roth individual retirement account. Your AGI less a few ordinarily permitted deductions is known as your modified adjusted gross income (MAGI). AGI and MAGI are likely to be similar for many persons.
The word "income tax" refers to a category of tax that governments levy on revenue produced by people and enterprises within their territorial authority. To assess their tax liabilities, taxpayers are required by law to file an income tax return each year.
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Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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A food worker has prepared a
large pot of rice that must be
cooled.
How should the food worker
cool the rice safely?
a. Place the pot in the refrigerator
b. Cover the pot and leave it at room
temperature
c. Separate the rice into smaller portions
and refrigerate
Explanation:
The food worker should separate the rice into smaller portions and refrigerate to cool the rice safely.
Very hot items can first be cooled at room temperature.
Put the food in a shallow dish so it cools more quickly. Once cooled, refrigerate all leftovers.
By this way a large pot of rice will be cooled easily.
A food worker should (c)Separate the rice into smaller portions
and refrigerate.
Why are very hot foods not kept in refrigerator?
Between 41 and 135 degrees Fahrenheit, dangerous germs can develop. The danger zone for foods is this spectrum. At these temperatures, germs that might be hazardous proliferate the fastest. Putting huge quantities of hot food in the refrigerator might cause it to reach this dangerous temperature.
How to quickly cool down food ?
Distribute huge food batches. FoodSafety.gov advises you to split meals into smaller or shallow storage containers when preparing big quantities of food, such as roasts and stockpots full of soup. As a result, the food will chill down more rapidly in the refrigerator.
Put some ice in the meal. Place the smaller food containers into an ice bath or run them under cold water to quickly chill goods before keeping them in the refrigerator.
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a(n) ____________ involves interviewing business people at their offices concerning industrial products or services, a process that is very expensive.
A focus group involves interviewing business people at their offices concerning industrial products or services, a process that is very expensive.
Manufactured goods are goods that are produced primarily by using labor and capital to produce raw materials and other inputs. As such, product is the opposite of the primary product, but includes both intermediate and finished products.
Manufactured goods are goods intended to be sold for the purpose of producing other goods or providing services, as opposed to goods primarily intended for sale to final consumers.
Manufactured goods are purchased and used for industrial and commercial purposes. They consist of machinery, production equipment, raw materials, and other commodities or components used in industries or enterprises. Consumer goods are available for consumption and meeting human needs, such as clothing and food.
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Your house is valued at $125,000. Assume the tax rate is 11.9 cents for every $100 of assessed value. How much will you be charged in real estate tax?
Answer: The correct answer is $148.75 in real estate tax
Explanation:
The formula for tax computation:
(House Value/increment)*tax rate
(125000/100)*0.119
1250 * 0.119 = 148.75
A buyer and seller have a serious disagreement regarding a defect in the swimming
pool. The buyer gives up and demands the deposit back. The seller disagrees and
demands the earnest money as liquidated damages. What should the broker do?
The broker will treat real estate as deposits as liquidated damages.
What is demand?Demand is the consumer's intention to buy a specific product or service.
The demand for a specific good on the market is known as market demand. The total demand for goods and services in the economy is known as aggregate demand. The price of an item or service is determined by how well supply and demand match. Recognizing the idea of demand.
Thus, the buyer demand for money has void.
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comment on the ethics exhibited by amy and the possible consequences of her actions. how does the merchandising company account for the suits that amy returns? (what journal entries are required?)
It is extremely unethical on their part of Amy to purchase a suit from the merchandising company and then return it after a week wherein she wears the suit for her event and then returns to the company to get a full payment refund. Ethically, she can only return the suit that she did not like for some reason or it has some other problems (like fitting, etc) however in no circumstances it is ethical to return a suit after using it for one party. This unethical practice can also land Amy in trouble in case the merchandising company discovers her intentions. If they come to know that suit was already used by her during a function and then returned they could certainly sue them for the breach of sale and return of goods contract.
Unethical: “A scholar used plagiarism on their very last written project to get a better grade” This is unethical as it is going towards social norms and the bulk of humans might discover this act unacceptable.' Unethical' defines as something this is morally incorrect, even as something being 'unlawful' way it's far from the law. In an unlawful act, the decision-making element is the law.
For an unethical act, the finding out the agent is the man's personal conscience. An unethical deed can be towards morality however now no longer towards the law. The unethical behavior of the strength agencies is disgraceful. But lately, we've got visible simply what the value of unethical behavior can be.
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Suppose a person who is developing a card game crowdfunds $40,000 and holds this as cash for future expenses. If this $40,000 comes from donors' checking accounts, by how much will the money supply fall if the reserve ratio is 10 percent?
A. The Money Supply will decrease by $___.
I've tried 4000, 40000, 36000, 44000, 400000, and everything else you can think of. Someone please help answer this!
According to the given details, the money supply will decrease by $400,000
Money supply
Money supply refers all the currency and other liquid instruments in a country's economy on the date measured.
Given,
Suppose a person who is developing a card game crowdfunds $40,000 and holds this as cash for future expenses.
Here we need to find the decreasing rate in money supply.
While we looking into the given question, we have identified the following values,
Account balance = $40,000
Reserve ratio = 10%
Now, the decreasing rate is calculated as,
Decrease rate = Account balance[1/reserve ratio]
Now, we have to apply the values on the formula, then we get
Decrease rate = 40000[1/0.10]
When we simplify it, then we get the decrease rate as,
Decrease rate = $400,000
Therefore, the money supply will decease by $400,000.
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The following information applies to the questions displayed below.]
Clothing Frontiers began operations on January 1 and engages in the following transactions during the year related to stockholders’ equity.
January 1 Issues 600 shares of common stock for $38 per share.
April 1 Issues 100 additional shares of common stock for $42 per share.
The following entries will be made for Clothing Frontiers
Jan 01
DR Cash $22,800
CR Common Stock $600
CR Additional Paid in capital $22,200
Apr 01
DR Cash 4,200
CR Common Stock $100
CR Additional Paid in capital $41,00
What is Journal Entry?Journal entry is the type of recording transaction that have occurred in a company, these journal entries are also known as the double entry for their nature of having impact on different account. The journal entry is the initial step for the transaction to be recorded. At the end of the month trial balance is maintained and then Income statement and balance sheet are prepared.
The Common stock is credited with the par value of the stock sold while the difference of the cash received for the sale of cash and the par value is credited to the additional paid in capital account.
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Where to get essay writing services in Australia
Answer:
In my experience Homework Joy is the best website for hiring essay writing services. Since writing is a skill that not everyone possesses thereof, the majority of the students require the assistance of an expert writer.
In case you are also facing difficulties to write and deliver your essay then I highly recommend choosing Homework Joy. In addition, if you have any further questions do not hesitate to reach out to them visit their official website - homeworkjoy.com
Explanation:
Answer:
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a fixed asset should be removed from the accounts except a.when it is sold. b.when it is discarded. c.when it is fully depreciated. d.when it is given away.
A fixed asset should be removed from the accounts except c.when it is fully depreciated.
A fixed asset, also referred to as lengthy-lived belongings or assets, plant and gadget, is a time period used in accounting for assets and assets that may not without difficulty be transformed into cash. constant property are specific from modern-day assets, such as cash or financial institution bills, because the latter are liquid assets.
The term constant asset refers to a protracted-term tangible piece of belongings or system that a firm owns and uses in its operations to generate income. the overall assumption about fixed belongings is that they're predicted to remaining, be ate up, or be transformed into cash after as a minimum 365 days.
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