Making stakeholder management its own knowledge area would help organizations to better understand and manage their relationships with stakeholders, leading to more successful project outcomes.
Stakeholder management is the process of identifying, analyzing, and prioritizing stakeholders, and then developing and implementing strategies to manage their expectations and engagement throughout the project lifecycle. By making it a separate knowledge area, organizations would be able to more effectively manage stakeholder relationships by having a dedicated focus on stakeholder needs and concerns.
Stakeholders can have a significant impact on a project's success or failure, as they can influence project decisions, provide critical feedback, and have a direct impact on the project's outcomes. Therefore, effective stakeholder management is essential for project success.
By making stakeholder management its own knowledge area, organizations would be able to develop more targeted and effective strategies for engaging with stakeholders, and more effectively manage their expectations and concerns throughout the project lifecycle.
This would help to ensure that stakeholders are effectively engaged and that their needs and concerns are addressed, leading to more successful project outcomes.
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An industrial firm is considering purchasing several programmable controllers and automating its manufacturing operations. It is estimated that the equipment will initially cost $150,000 and the labor to install it will cost $45,000. A service contract to maintain the equipment will cost $5,000 per year. The trained service personnel will have to be hired at an annual salary of $40,000. Also estimated is an approximate $15,000 annual income-tax savings (cash inflow). How much will this investment in equipment and services have to increase the annual revenues after taxes in order for the firm to break even?
This investment in equipment and services will have to increase $64,511.91 of annual revenues after taxes in order for the firm to break even.
What does annual revenues mean?The money a business earns from the sale of goods and services over the course of a given year is known as annual revenue. Before any adjustments for the cost of the inventory you sold or business expenses, annual revenue is the sum of all sales. On income statements (also known as profit and loss statements) and your business tax form (Schedule C if you're a sole proprietor) your annual revenue is frequently referred to as "sales" or "gross receipts or sales."
Let increase in revenue = x
Initial investment = 150,000 + $45,000 = $195000
for breakeven NPV =0
Yearly cashflow = x+15000-40000-5000 = x-30000
195000 = (x-30000)/1.12 + (x-30000)/1.12² + (x-30000)/1.12³ .........(x-30000)/1.12¹⁰
x= $64,511.91
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1. The stock in Hotel Management, Inc. , a hotel management corporation, was divided equally between two families. For several years, the two families had been unable to agree on or cooperate in the management of the corporation. As a result, no meeting of shareholders or directors had been held for five years. There had been no withdrawal of profits for five years, and last year the hotel operated at a loss. Although the corporation was not insolvent, such a state was imminent because the business was poorly managed and its properties were in need of repair. As a result, the owners of half the stock brought an action in equity for dissolution of the corporation. Will they succeed
It is possible that the owners of half the stock will succeed in their action for dissolution of the corporation.
Under certain circumstances, a court may grant a petition for dissolution of a corporation, such as in cases where the corporation is deadlocked and unable to carry out its business activities.
In this case, the fact that no meetings of shareholders or directors have been held for five years, and the corporation has operated at a loss and is in need of repair, may support a finding of deadlock and mismanagement. However, the court will consider all relevant facts and circumstances before deciding whether to grant the petition for dissolution.
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The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Yeshemi Yaurez went to the local sporting goods store, where he bought a fishing pole for $32.88,
a tackle box for $15.95, and some lures for $9179. If the state sales tax rate is 4 percent, what is
his total purchase price?
His total purchase price is $146.2448.
What is the total purchase price?The total purchase price entails the total cost of product purchased including tax amount.
Given information
Bought fishing pole for $32.88
Bought tackle box for $15.95
Bought lures for $91.79
Tax rate = 4%
Purchase price = Fishing pole price + tackle box price + lures price
Purchase price = $32.88 + $15.95 + $91.79
Purchase price = $140.62
Tax payable = Tax rate * Purchase price
Tax payable = 4% * $140.62
Tax payable = $5.6248
Total purchase price = Purchase price + Tax payable
Total purchase price = $140.62 + $5.6248
Total purchase price = $146.2448
In conclusion, his total purchase price is $146.2448.
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1. Do you believe E-sports will continue to grow in the future? Why or why not?
Answer: I don’t really know but I think it will still be popular and lots of people will still play no matter what
Answer:
In terms of video games, yes. Because, everyone can play videogames, but not everyone can compete in physical sports.
Explanation:
I don't need to give an explanation since it's my opinion. So don't report this answer please...
outline 2 advantages to H&H of using secondary market research
If banks increase excess reserves to increase their ability to absorb a higher rate of defaults: Group of answer choices the actual multiplier will rise. the actual multiplier will fall the potential multiplier will rise. the potential multiplier will fall.
The upward push of reserves through banks to take better charge of defaults is the reason the real multiplier will fall.
What is a multiplier?A multiplier is a monetary factor that, when increased or changed, causes an increase or change in a variety of other related monetary variables.
In terms of gross home product, the multiplier impact explains profits in overall output to be more than the difference in spending that brought about it.
The time period multiplier is generally utilized in connection with the relationship between authorities' spending and overall country-wide income.
Multipliers are also utilized in explaining fractional reserve banking, referred to as the deposit multiplier. A multiplier is absolutely something that amplifies or booms the bottom cost of something else.
A multiplier of 2x, for instance, could double the bottom discern. On the other hand, a multiplier of 0.5x could truly reduce the bottom discernible by half. Many specific multipliers exist in finance and economics.
So from the above clarification, it's clear that the real multiplier will fall, that the best option.
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Scenario: Denise is 24 and living on her own. She has a job cleaning hotel rooms. She makes about $485 a week. Her monthly rent is $432. She has a car payment of $102 a month. She also has student loans from her community college with a payment of $85 a month. She has made some of her loan payments on time and missed some of her loan payments. She has two credit cards. One is maxed out with a credit limit of $5,000. The other card has a $2,800 limit with a balance of $1000.
Denise is considering going back to school to become an LPN which would double her income. The program costs $12,000. She qualified for a loan to cover the cost of the program. However, the loan will not cover living expenses while she’s in the program.
Calculate Denise's Total Monthly Income.
The monthly income of Denise after she decides to go back to school to become an LPN will be $3880.
What is monthly income?The amount of money earned or made by an individual under employment or engaged in business activities is known as the total monthly income of such individual.
Using the given information, it can be said that the salary of Denise will become $970 a week after she becomes an LPN. So, her monthly income will be 970 × 4 = $3880.
Hence, the monthly income of Denise after she becomes an LPN is aforementioned.
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in high-income countries, many central banks run highly expansionary policies that are successful in the short run. what is the interest rate associated with these policies?
The interest rate associated with these policies is typically very low, close to zero. Central banks in high-income countries often employ near-zero or even negative interest rates in order to encourage borrowing and stimulate economic growth.
What does Intrest rate mean?
The percentage of a sum of money charged for its use, usually expressed as an annual percentage rate, is known as the interest rate. It is the interest rate charged by a bank or other lender for borrowing money, or the interest rate paid by a bank to its savings account customers for keeping money in an account.
What does Saving account means?
A savings account is a deposit account at a financial institution that offers principal protection as well as a low interest rate. The account holder can deposit and withdraw funds as needed while earning interest on the balance. Savings accounts are typically used to hold funds for short-term objectives.
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Jay asks his friends for advice: "Should I start doing mobile banking now that I've got my new smart phone?" Which friend is correct in their statement on the benefits of mobile banking?
The benefits of mobile banking include Convenience, time saving, Easy to monitor, Bank on the go and many more.
What is mobile banking?Mobile banking is the act of making financial transactions on a mobile device (cell phone, tablet, etc.). Advantages to mobile banking include the ability to bank anywhere and at any time.
Mobile banking typically uses an app that is provided by the financial institution for this purpose. Mobile banking is available on a 24-hour basis and is often dependent on the availability of an internet or data connection to the mobile device.
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Again, how do you pay taxes?
Consider a bank with the following balance sheet. You read in the local newspaper that the bank's return on assets (ROA) was 1.5 percent. What were the bank's after-tax profits?
Bank Balance Sheet
(in thousands)
Assets
Liabilities and Capital
Deposits
Reserves
$100
$1,000
Loans
$1,000
Borrowing
$0
Securities
$900
Bank Capital
$1,000
The bank's after-tax profits: $
thousands
The bank's after-tax profits amount to $31,500 (in thousands).
To determine the bank's after-tax profits, we need to calculate the bank's net income first. The return on assets (ROA) is a measure of profitability and is calculated by dividing net income by total assets.
Given that the ROA is 1.5 percent, we can set up the equation as follows:
ROA = Net Income / Total Assets
1.5% = Net Income / ($100,000 + $1,000,000 + $1,000,000 + $900,000)
To solve for net income, we rearrange the equation:
Net Income = ROA * Total Assets
Net Income = 1.5% * ($100,000 + $1,000,000 + $1,000,000 + $900,000)
Net Income = 0.015 * $3,000,000
Net Income = $45,000
Therefore, the bank's net income, or pre-tax profits, is $45,000.
To calculate the after-tax profits, we need to consider the tax rate. Let's assume a tax rate of 30%.
After-Tax Profits = Net Income * (1 - Tax Rate)
After-Tax Profits = $45,000 * (1 - 0.30)
After-Tax Profits = $45,000 * 0.70
After-Tax Profits = $31,500
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Describe how Porter's "five forces" model can be used to
determine the average expected profitability in an industry.
Porter's "five forces" model is a framework that analyzes the competitive forces within an industry, helping to determine the average expected profitability.
Here's a step-by-step explanation:
1. Threat of new entrants: Assess the barriers to entry, such as high capital requirements or strong brand loyalty. If the industry has high barriers, it becomes difficult for new competitors to enter, leading to higher profitability. On the other hand, low barriers attract new entrants, increasing competition and potentially decreasing profitability.
2. Bargaining power of suppliers: Evaluate how much power suppliers have over pricing and terms. If suppliers have limited alternatives or offer unique resources, they can demand higher prices, impacting profitability. Conversely, when suppliers have less power, businesses can negotiate better terms and increase profitability.
3. Bargaining power of buyers: Determine the power buyers have over pricing and quality. If buyers have many alternatives or can easily switch, they can negotiate lower prices, reducing profitability. In contrast, when buyers have limited choices, businesses can charge higher prices, increasing profitability.
4. Threat of substitute products: Consider the availability of alternative products or services that fulfill the same need. When substitutes are readily available, businesses must compete on price and quality, leading to lower profitability. Industries with fewer substitutes have higher profitability.
5. Intensity of competitive rivalry: Analyze the level of competition within the industry. High rivalry, characterized by price wars and aggressive marketing, can reduce profitability. Conversely, lower rivalry provides businesses with more pricing power and profitability.
By analyzing these five forces, businesses can assess the overall industry attractiveness and determine the average expected profitability. Keep in mind that industry dynamics can change over time, so it's important to regularly reassess these forces.
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Question 9 of 10
How do standards act as barriers to trade?
A. They set limits on the total amount of imported goods.
B. They force imported goods to meet certain criteria.
C. They tax imported goods in order to increase their price.
D. They use government funds to lower the cost of domestic goods.
SUBMIT
Answer:
A. They set limits on the total amount of imported goods.
Explanation:
Just took the test and it was this!!
Standards act as barriers to trade because they tax imported goods in order to increase their price. Thus, option (c) is correct.
What is trade?
The process of buying and selling commodities and services is referred to as “trade.” Trade is a form of economic activity.
The tax on imported goods and services, which is an adverse effect of raising product prices, is the biggest obstacle to trade. As prices rise, there will be a shortage of goods.
Therefore, option (d) is correct.
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Write a one to two paragraph explanation that teaches how to complete each form. Be sure to write the instructions in "plain English" versus official federal government "speak."
Describe the documents you could provide to a new employer in order to establish your identity and/or employment eligibility. Provide a list of a minimum of four documents.
Submit your paragraph explanations for completing each form and the description of the documents for establishing your identity and/or employment eligibility as the assignment for this lesson.
Answer: So so sorry but i don't know!
Explanation:Have a great day
should an existing soils report be included as part of the contract documents?
Yes, an existing soils report can be included as part of the contract documents. If the existing soils report is relevant and provides valuable information for the project, it is beneficial to include it in the contract documents.
Some factors to consider:
1.Project Scope: Consider whether the soils report is relevant to the scope of the project. If the project involves construction or development work that could be influenced by soil conditions (e.g., foundation design, grading, drainage), including the soils report can be important for accurate planning and cost estimation.
2.Legitimacy and Currency: Evaluate the legitimacy and currency of the existing soils report. Ensure that it was conducted by a reputable geotechnical engineering firm and is still applicable to the current project. If the report is outdated or there have been significant changes in site conditions, it may not be suitable for inclusion.
3.Reliability and Completeness: Assess the reliability and completeness of the soils report. Review the quality and thoroughness of the investigation, testing methods, and findings. If there are any doubts about the report's accuracy or if it lacks essential information, additional soil testing or a new soils report may be necessary.
4.Contractual Requirements: Check the contract documents and specifications for any specific requirements related to soils reports. Some contracts may explicitly require the inclusion of existing soils reports or may outline the process for conducting new soil investigations.
5.Legal and Regulatory Considerations: Be aware of any legal or regulatory requirements that may govern the inclusion of soils reports in contract documents. Local building codes, environmental regulations, or specific industry standards may dictate the necessity or content of soil reports.
This are the some of the factors to be considered to include existing soil in the contract document.
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Brandy Ltd makes all of its sales on credit. Budgeted sales for the next two four-week accounting periods are as follows.
£
Period 5 300,000
Period 6 180,000
Invoicing occurs once per fortnight at the middle and end of each accounting period. At each date one half of the period's sales are invoiced. Terms of sale are that payment is due within four weeks of invoicing. A 1.5% discount is allowed and taken by customers if they make payment within one week of the invoice being raised. As a result 40% (by gross value) of invoices are settled within one week. There are no bad debts or late payers.
Which of the following is the budgeted value of cash receipts from customers in period 6?
A. £273,210 B. £274,560 C. £275,100
D. £276,000
The budgeted value of cash receipts from customers in period 6 is £274,560.
To calculate the budgeted value of cash receipts from customers in period 6, we need to consider the sales, invoicing, and payment patterns outlined in the scenario.
Given that 40% of invoices are settled within one week, we can determine the amount of sales that will be settled early. For period 6, the total sales are £180,000. Therefore, 40% of £180,000, which is £72,000, will be settled within one week and will be eligible for the 1.5% discount.
The remaining 60% of sales, which is £108,000, will be settled within four weeks without the discount. Hence, the total cash receipts from customers in period 6 will be the sum of the early settlements and the remaining settlements: £72,000 + £108,000 = £180,000.
However, customers taking advantage of the discount will pay £72,000 minus the 1.5% discount, which is £72,000 - (£72,000 * 0.015) = £71,280.
Therefore, the budgeted value of cash receipts from customers in period 6 will be the sum of the discounted payments and the remaining payments: £71,280 + £108,000 = £179,280.
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Marvel decided that since viewers like to binge-watch an entire season of a show in one sitting on netflix it would create a new channel for getting new offerings to consumers. This reflects a ________ strategy.
The decision by Marvel to start up a new channel based on what it noticed at Netflix is the Product Development strategy.
Product Development strategy Method used by companies to offer new products to customers. Involves looking at current products to develop newer and better ones.Marvel looked at the product being offered by Netflix and decided to use it to offer an even better product by opening a channel.
In conclusion, this is product development.
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When a company performs a stock split or stock dividend in the middle of the year, they must restate the weighted average number of shares to reflect a(n):_______.
a. increased number of shares from the time of the stock split or stock dividend.
b. increased number of shares from the beginning of the year.
c. decreased number of shares from the time of the stock split or stock dividend.
d. decreased number of shares from the beginning of the year.
When a company performs a company liquidity dividend in the middle of the year, they must restate the weighted average number of shares to reflect an increased number of shares from the time of the stock split or stock dividend.
A) increased number of shares from the time of the stock split or stock dividend. A stock split is a division of the existing shares of a company into more shares.
It is done to make shares more affordable to buy for retail investors and to increase the liquidity of the shares in the market. In contrast, a stock dividend is when a company pays a dividend in the form of shares of stock instead of cash.
This increases the number of shares outstanding but doesn't change the value of the company or the overall value of the investor's holdings. In both cases, the number of outstanding shares increases, and the weighted average number of shares needs to be restated.
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B. Reviewing Key Terms
Complete each sentence by writing the correct term in the blank.
15. When a bank borrows money from another bank, the interest rate it pays is called the
16. Ownership of more than one bank constitutes a
17. When a bank customer writes a check, the check will go through the process of
M
18. A bank's total assets minus its total liabilities make up its
19. Banks repay loans from the Federal Reserve at a rate of interest called the
The correct terms for the sentences in question are as follows:
15. When a bank borrows money from another bank, the interest rate it pays is called the Overnight rate.
16. Ownership of more than one bank constitutes a Bank Holding company.
17. When a bank customer writes a check, the check will go through the process of check clearing.
18. A bank's total assets minus its total liabilities make up its net worth.
19. Banks repay loans from the Federal Reserve at a rate of interest called the Federal`s funds rate.
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Select the correct answer.
Ahmed has been running a laundry service in his neighborhood for the past eight years. He picks up soiled clothes and delivers washed and ironed clothes at the customers’ doorsteps. A transporter who offers to pick and deliver customer clothes at a cheaper rate than his current transporter approaches him for a business deal. What do you think Ahmed should do in such a case?
A.
immediately discontinue services of the current transport person
B.
continue the services of the current transport person forever
C.
delay the payments of the current transport person so that he willingly discontinues his services
D.
wait until the contract with the current transport person ends before using the new transport person
Answer:
D) wait until the contract has ended
You plan to save for your retirement. Suppose that you have 30 years to work and save money and another 30 years after you retire. During retirement, you will need $5,000 at the beginning each month. (a) How much do you need to hold at the very beginning of your retirement? (b) How much do you need to save at the end of each month before retirement toward that amount in (a)? Assume interest is always at 5%.
To calculate the amount needed for retirement savings, we need to determine the lump sum required at the beginning of retirement and the monthly savings required before retirement. The lump sum is the present value of a stream of future payments, while the monthly savings is the annuity payment needed to accumulate the lump sum.
(a) To calculate the lump sum needed at the beginning of retirement, we can use the present value formula for an ordinary annuity. The future value is $5,000 per month for 30 years, and the interest rate is 5% compounded monthly. Using the formula, the present value is given by:
PV = FV / (1 + r)^n = $5,000 * [1 - (1 + 0.05)^(-30)] / 0.05 ≈ $628,895.41
Therefore, you would need approximately $628,895.41 at the very beginning of your retirement.
(b) To calculate the monthly savings required before retirement, we need to determine the annuity payment needed to accumulate the required lump sum over the 30-year working period. Again, using the present value formula for an ordinary annuity, we can rearrange the formula to solve for the annuity payment:
PV = PMT * [(1 - (1 + r)^(-n)) / r]
Rearranging the formula, we have:
PMT = PV * (r / (1 - (1 + r)^(-n))) = $628,895.41 * (0.05 / (1 - (1 + 0.05)^(-30))) ≈ $703.34
Therefore, you would need to save approximately $703.34 at the end of each month before retirement to accumulate the required lump sum.
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Which career path includes the work duties of hiring and managing farm laborers? a career as a purchasing agent a career as a farm management advisor a career as a farm labor contractor a career as a food scientist
Answer:
B.) A career as a farm management advisor
Explanation:
Answer:
B
Explanation:
What role do sources play in validating an argument? Are we able to rely on the internet to provide complete and truthful information? Of course not, but how do we discern? How do we determine the motives of the people we're reading? One thing we have learned is that the people screaming most loudly about dishonesty are the ones being most dishonest. That isn't by accident. So, what do you do? And how does that apply to this week's content?
Incomplete question. However, I answered from a general research perspective.
Explanation:
What role do sources play in validating an argument?
Well, the term source basically refers to the originator of any information. We have sources that are considered credible sources (like Encyclopedia, Journal Magazine, Newspaper, etc) and others that are considered incredible sources (general social media post). Knowing the kind of source could thus help validate an argument.
Relying on the internet to provide complete and truthful information is difficult considering the amount of fake news available today.
A new school building was recently built in the area. The entire cost of the project was $20,000,000. The city has put the project on a 20-year loan with an APR of 2.7%. There are 21,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.
Each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
To determine the total amount that each family should be required to pay each year to cover the cost of the new school building, we can follow these steps:
Calculate the total loan amount.
The loan amount is the cost of the project, which is $20,000,000.
Calculate the annual interest payment.
The annual interest payment can be calculated using the formula:
Annual Interest Payment = Loan Amount * Annual Interest Rate
Annual Interest Rate = APR / 100
In this case, the annual interest rate is 2.7% or 0.027.
Annual Interest Payment = $20,000,000 * 0.027 = $540,000
Determine the number of families responsible for payments.
There are 21,000 families responsible for making monthly payments.
Calculate the total amount each family should pay each year.
Total Amount per Family = Annual Interest Payment / Number of Families
Total Amount per Family = $540,000 / 21,000
Rounding the result to the nearest cent, each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
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In the dynamic ad and as model, contractionary monetary policy causes the price level to fall. The statement is :a. True. When the AD curve shifts to the left, the price level falls and real GDP increases. b. False. Contractionary policy causes the price level to rise by less than it would have without the policy. c. True. When the AD curve shifts to the left, the price level and real GDP fall. d. False. contractionary monetary policy shifts the AD curve to the right: the price level and real GDP rise.
Both the price level and real GDP (gross domestic product) tend to decline when the AD (aggregate demand) curve shifts to the left as a result of contractionary monetary policy. Here option C is the correct answer.
Contractionary monetary policy refers to the actions taken by a central bank to reduce the money supply or increase interest rates in order to control inflation or cool down an overheating economy. One of the main tools used in contractionary monetary policy is raising interest rates, which reduces borrowing and spending by both businesses and individuals.
When interest rates rise, borrowing becomes more expensive, leading to a decrease in consumer spending and business investment. As a result, the aggregate demand in the economy decreases, causing the AD curve to shift to the left. This shift implies that at any given price level, the total quantity of goods and services demanded in the economy decreases.
The decrease in aggregate demand leads to a decrease in both the price level and real GDP. The price level falls because there is less overall demand for goods and services, resulting in reduced prices. Additionally, real GDP decreases because the decrease in demand translates into lower production and economic output.
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Business transactions completed by Hannah Venedict during the month of September are as follows.
a. Venedict invested $60,000 cash along with office equipment valued at $25,000 in exchange for common stock of a new company named HV Consulting.
b. The company purchased land valued at $40,000 and a building valued at $160,000. The purchase is paid with $30,000 cash and a long-term note payable for $170,000.
c. The company purchased $2,000 of office supplies on credit.
d. Venedict invested her personal automobile in the company in exchange for more common stock. The automobile has a value of $16,500 and is to be used exclusively in the business.
e. The company purchased $5,600 of additional office equipment on credit.
f. The company paid $1,800 cash salary to an assistant.
g. The company provided services to a client and collected $8,000 cash.
h. The company paid $635 cash for this month’s utilities.
i. The company paid $2,000 cash to settle the account payable created in transaction c.
j. The company purchased $20,300 of new office equipment by paying $20,300 cash.
k. The company completed $6,250 of services for a client, who must pay within 30 days.
l. The company paid $1,800 cash salary to an assistant.
m. The company received $4,000 cash in partial payment on the receivable created in transaction k.
n. The company paid $2,800 cash in dividends.
Required
1. Prepare general journal entries to record these transactions (use account titles listed in part 2).
2. Open the following ledger accounts—their account numbers are in parentheses (use the balance column format): Cash (101); Accounts Receivable (106); Office Supplies (108); Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); Common Stock (307); Dividends (319); Fees Earned (402); Salaries Expense (601); and Utilities Expense (602). Post the journal entries from part 1 to the ledger accounts and enter the balance after each posting.
3. Prepare a trial balance as of the end of September
Here are the journal entries for the transactions and the resulting trial balance:
Journal Entries:
a. Debit: Cash $60,000; Credit: Common Stock $60,000
b. Debit: Land $40,000; Debit: Building $160,000; Credit: Cash $30,000; Credit: Notes Payable $170,000
c. Debit: Office Supplies $2,000; Credit: Accounts Payable $2,000
d. Debit: Automobiles $16,500; Credit: Common Stock $16,500
e. Debit: Office Equipment $5,600; Credit: Accounts Payable $5,600
f. Debit: Salaries Expense $1,800; Credit: Cash $1,800
g. Debit: Cash $8,000; Credit: Fees Earned $8,000
h. Debit: Utilities Expense $635; Credit: Cash $635
i. Debit: Accounts Payable $2,000; Credit: Cash $2,000
j. Debit: Office Equipment $20,300; Credit: Cash $20,300
k. Debit: Accounts Receivable $6,250; Credit: Fees Earned $6,250
l. Debit: Salaries Expense $1,800; Credit: Cash $1,800
m. Debit: Cash $4,000; Credit: Accounts Receivable $4,000
n. Debit: Dividends $2,800; Credit: Cash $2,800
Trial Balance:
Cash: $57,965; Accounts Receivable: $6,250; Office Supplies: $1,000; Office Equipment: $52,900; Automobiles: $16,500; Building: $160,000; Land: $40,000; Accounts Payable: $3,600; Notes Payable: $170,000; Common Stock: $76,500; Dividends: $2,800; Fees Earned: $14,250; Salaries Expense: $3,600; Utilities Expense: $635.
The journal entries record the specific financial transactions, including investments, purchases, payments, and revenues, made by Hannah Venedict's company, HV Consulting, in September. These transactions are then posted to their respective ledger accounts, such as Cash, Accounts Receivable, Office Supplies, and so on. Each ledger account shows the debits and credits associated with the transactions and their resulting balances.
The trial balance is a summary of all the ledger account balances, presenting a snapshot of the company's financial position at the end of September. It ensures that the debits equal the credits and helps in preparing financial statements. In this case, the trial balance reveals the balances of various accounts, such as cash, receivables, payables, and equity accounts like common stock and dividends.
Overall, the journal entries, ledger accounts, and trial balance provide a comprehensive overview of the financial transactions and the resulting account balances for HV Consulting in September.
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hello, if you were to start a business what would you name it? The business contains fashion clothes, some are sporty clothes and it will also have a photography business.
Xylon Corp. has contracts to complete weekly supplements required by forty-six customers. For the year 2015, manufacturing overhead cost estimates total $840,000 for an annual production capacity of 10 million pages. For 2015, Xylon decided to evaluate the use of additional cost pools. After analyzing manufacturing overhead costs, it was determined that number of design changes, setups, and inspections are the primary manufacturing overhead cost drivers. The following information was gathered during the analysis: Cost pool Manufacturing overhead costs Activity level Design changes $ 120,000 200 design changes Setups 640,000 4,000 setups Inspections 80,000 16,000 inspections Total manufacturing overhead costs $840,000 During 2015, two customers, Money Managers and Hospital Systems, are expected to use the following printing services: Activity Money Managers Hospital Systems Pages 60,000 76,000 Design changes 10 2 Setups 20 10 Inspections 38 30 11) If manufacturing overhead costs are considered one large cost pool and are assigned based on 10 million pages of production capacity, what is the cost driver rate? Under ABC costing, what is the inspection cost allocated to Money Managers?
Answer:
the cost per overhead rate and the inspection cost allocation is $0.08 per page and $190 respectively
Explanation:
The computation is shown below;
The cost per overhead rate is
= $840,000 ÷ 10,000,000
= $0.08 per page
The inspection cost allocated to Money Managers is
= $80,000 ÷ 16,000 × $38
= $190
hence, the cost per overhead rate and the inspection cost allocation is $0.08 per page and $190 respectively
The same would be considered and relevant too
The product life cycle refers to the stages a product moves through from the time it enters the market until the time
It's the stage by which a product move through from the time it enters the market until the time it is cleared. My own definition states that it's the length of time by which a product is introduced to consumers in the market until it has been removed