you are considering whether to enter a holiday lights display contest that pays $1,000 to the winner. state whether each of the following constitutes private costs, private benefits, external costs, or external benefits. You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers Private costs Private benefits External costs External benefits Increased traffic congestion. Increased traffic congestion. Increased traffic congestion. Increased traffic congestion. Increased Increased Increased Increased electric bill from the holiday lights electric bill from the holiday lights electric bill from the holiday lights. electric bill from the holiday lights. Winning the Winning the Winning the Winning the holiday lights display contest. holiday lights display contest. holiday lights display contest. holiday lights display contest. Neighbors have Neighbors have Neighbors have Neighbors have difficulty parking on difficulty parking on difficulty parking on your street. difficulty parking on your street. your street. your street.
Answers
To enter the holiday lights display contest:
Private costs: increased electric bill from the holiday lightsPrivate benefits: Winning the holiday lights display contestExternal costs: Increased traffic congestion and Neighbors have difficulty parking on your streetExternal benefits: - (None)Private cost is the cost borne by an individual or a firm caused by the production of product or activity. In the case, the example of private cost is the increased electric bill from the holiday lights because the electric bill is harbored only by the house owner/participant of the holiday lights display contest.
Private benefit refers to the benefit derived by an individua directly involved in a transaction or activity. In the case, the only person who will enjoy the winning of the holiday lights display contest is only the winning contestant. Hence the benefit is only enjoyed privately.
External costs or spillovers are costs harbored by the unrelated parties or environment as a result of a transaction or activity which they are not directly involved in. In this case, both traffic congestion and parking difficulty are included in this category. The neighbors have nothing to do with the holiday lights display contest, yet they experience some difficulties caused by the contest.
External benefits refer to the benefit gained by the unrelated parties or environment as a result of a transaction or activity which they are not directly involved in. However in this case, none of the example can be categorized in this group.
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Related Questions
Inventory is an
•expense
•asset
•neither
Answers
A cost due to an increase in activity is called?
Answers
Answer:
Marginal benefit is the additional benefit an individual derives from increase in an activity.
Explanation:
Which is the result of entering a debit in an expense account?
Answers
Explanation:
when a payment is made the entries recorded are debit prepaid expenses
Which of the following it NOT a position in the Administrative Support pathway?
A. Teacher
B. Medical Transcriptionist
C. Receptionist
D. Administrative Assistant
Answers
Teacher is not a position in the Administrative Support Pathway. The administrative support pathway covers careers that assist corporate operations through a range of administrative and clerical tasks, such as project management, data processing and gathering, and information and communication management.
The administrative support assistant assists with a number of academic or administrative units' general administrative duties, such as answering phones, serving customers, workers, or visitors, creating documents and reports, gathering records, setting up meetings, and arranging. Therefore, teacher is not considered to be a part of it.
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Which phase of the economic cycle is characterized by prosperity?
O Contraction
O Peak
O Trough
O Recession
Answers
Answer:
peak
Explanation:
According to the random-walk hypothesis, uncertainty about future income does not affect consumption, however, uncertainty does affect utility. Discuss how uncertainty about consumption affects expected lifetime utility using the log utility function u(ct) = log(1−act) as your instantaneous utility. (ii) Using the instantaneous utility above, show that the utility function exhibit increasing relative risk aversion (IRRA) as wealth increases and which individuals is it consistent with in the economy? (iii) The random-walk hypothesis argues that change in consumption is unpredictable. Dis- cuss this with the necessary derivations. (iv) Derive the equity premium puzzle and discuss the intuition behind your derivation. How can governments benefit from the equity premium puzzle?
Answers
Answer:
i dont really understand
Explanation:
im looking for a research assistance to help me find solutions
What is a periodic adjustment cap?
O A. A limit on how many times the rate can be adjusted
B. A limit on how much an ARM's interest rate can change at each
adjustment period
O C. A limit on a loan's initial interest rate
OD. A limit on how many years a loan can be for
Answers
Answer: B. A limit on how much an ARM’s interest rate can be changed at each adjustment period
Explanation:
You are the general manager of a regional chemical company. In the course of producing your bulk chemicals, large amounts of particles and smoke are emitted through your plant’s smokestack. The level of pollutants is below current EPA regulations, and you are violating no laws, but neighborhood groups are complaining about minor health problems caused by the smoke. After investigating numerous alternatives, you find the most effective solution would be to install a “scrubber” system, which will remove 90% of the pollutants and ash. Cost: $3 million. Do you install the system?
Answers
If the installation of the scrubber which will remove 90% of the pollutants and ash, costing $3 million, will be profitable for the business, I will surely recommend to install the scrubber.
What is a scrubber system?Scrubber systems (for example, chemical scrubbers and gas scrubbers) are a diverse group of air pollution control devices that can be used to remove certain particulates and/or gases from industrial exhaust streams.
The term "scrubber" has traditionally referred to pollution control devices that use liquid to wash unwanted pollutants from a gas stream. Recently, the term has also been applied to systems that inject a dry reagent or slurry into a dirty exhaust stream in order to "wash out" acid gases. Scrubbers are one of the most important devices for controlling gaseous emissions, particularly acid gases.
Therefore, as the neighborhood groups are complaining about minor health problems caused by the smoke, I will recommend to install the scrubber system.
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Why is pay a valuable part of employee recognition? What are the potential results of not paying employees a competitive salary?
Answers
The payment is a valuable part of the employee's recognition as a legal benefit of the employee's right that enables him to have a favorable financial condition for the development of all areas of his life.
Companies that pay their employees a competitive salary gain greater motivation and productivity from their employees, which makes their work more collaborative and effective, generating several benefits for the organization.
Therefore, considering payment as a valuable part of employee recognition, companies that do not pay a competitive salary can have as potential results demotivation, lack of creativity and productivity, dissatisfaction with work and higher employee turnover.
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cookery tools help huhu
Answers
Answer:
2 is saute pan
and 1 is saucepan ig
If you wanted to buy a house that cost $150,000 with a down payment of five percent, how much would you need for the down payment?
Answers
After computing five percent of the cost of the house as the down payment, the value was gotten as $7500
Word ProblemGiven Data
Cost of House = $150,000Percentage Down Payment = 5%Let us find the amount in down payment needed
Amount of Down Payment = 5/100*$150,000
Amount of Down Payment = 0.05*$150,000
Amount of Down Payment = 0.05*$150,000
Amount of Down Payment =$7500
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HELP PLEASE! 50 POINTS
1. being driven and dependable will never truly help us find success as a student or employee.
True
False
2. being part of extra curricular activities and clubs isn’t really important, we are already so busy that it would just stress us out
True
False
3. Lifelong learners understand that learning is a lifestyle not a destination
True
False
4. teachers, parents, school groups, quality peers and mentors are just a few resources we can lean on in life
True
False
Answers
Which BCMAP situation requires a direct comment on the USMC Fitness Report?
Select the best re
Answers
Self discipline is a BCMAP situation that require a direct comment on the USMC fitness report.
What is Body composition millitary appearance and fitness report?BCMAP is the program employed by millitary base to develop and build bodies of corps for effectiveness in their work and for their healthiness in performing task.
The Fitness Report is a strategy use by which the Marine Corps so as to check and evaluates Marine's performance for their selection, assignment, retention and capabilities.
Therefore, Self discipline is a BCMAP situation that require a direct comment on the USMC fitness report.
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what can cause money supply to change by less than than the amount
Answers
#dapdap
Money supply is the total amount of money in circulation in an economy. The money supply can change in response to various factors, including changes in the central bank's monetary policy, changes in the banking system, and changes in the demand for money.
One reason why the money supply may change by less than the amount of a given policy change is the existence of leakages in the banking system. For example, if the central bank injects a certain amount of new money into the economy, commercial banks may choose to hold onto some of that money as excess reserves rather than lending it out to customers. This reduces the amount of new money that enters into circulation in the economy and can cause the money supply to change by less than the amount of the injection.
Another reason why the money supply may change by less than the amount of a given policy change is the existence of "money hoarding" behavior. If people and businesses choose to hold onto more cash instead of spending it, this can reduce the velocity of money and cause the money supply to change by less than the amount that has been injected into the economy. Additionally, if interest rates are high, individuals and firms may choose to hold onto more cash as savings, which can reduce the overall money supply in the economy.
In summary, leakages in the banking system and changes in the velocity of money are two factors that can cause the money supply to change by less than the amount of a given policy change.
Outline the initiatives that Woolworths use to lessen their impact on environment
Answers
The initiatives that Woolworths use to lessen their impact on environment was RECYCLING
This is further explained below.
What is RECYCLING?Generally, The act of reusing and repurposing old resources to create new products and materials is known as recycling.
This idea often encompasses the act of extracting usable energy from materials that would otherwise be discarded.
The capacity of a material to recover the characteristics it has in its raw condition is a critical factor in determining whether or not it may be recycled.
In conclusion, RECYCLING is one of the activities that Woolworths does to decrease the effect that it has on the environment.
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The unadjusted trial balance of Sheridan Exposure Inc. had these balances for the following select accounts: Supplies $4,300, Unearned Service Revenue $9,250, and Prepaid Rent $1,920. At the end of the period, a count showed $960 of supplies on hand. Services of $4,100 had been performed related to the unearned revenue account, and one month’s worth of rent, worth $40, had been consumed by sheridan exposure. Record the required adjusting entries related to these events. (List all debit entries before credit entries. If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Answers
No Entry is required for the Supplies, Unearned Service Revenue, and Prepaid Rent accounts since their balances have been adjusted through the adjusting entries above.
To record the required adjusting entries related to the events mentioned, we need to consider the changes in the account balances and adjust them accordingly. Here are the adjusting entries for Sheridan Exposure Inc.:
Supplies:
Debit: Supplies Expense ($4,300 - $960) = $3,340
Credit: Supplies ($4,300 - $960) = $3,340
Explanation: The supplies on hand decreased by $960, indicating that $960 worth of supplies were used during the period. Therefore, we need to recognize the expense by debiting Supplies Expense and reduce the Supplies account balance with a credit.
Unearned Service Revenue:
Debit: Unearned Service Revenue ($9,250 - $4,100) = $5,150
Credit: Service Revenue ($9,250 - $4,100) = $5,150
Explanation: Services worth $4,100 were performed, reducing the unearned service revenue. We need to recognize the revenue by debiting the Unearned Service Revenue account and crediting the Service Revenue account.
Prepaid Rent:
Debit: Rent Expense ($40)
Credit: Prepaid Rent ($40)
Explanation: One month's worth of rent, amounting to $40, has been consumed. We need to recognize the expense by debiting Rent Expense and reduce the Prepaid Rent account balance with a credit.
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What are some ways you can keep your saw sharp while in school and then also in your profession
Answers
Keeping your saw sharp in school and in your profession means continuously developing your skills and staying up-to-date with industry trends and advancements.
How to keep your saw sharp while in school and then also in your professionHere are some ways to do so:
Attend conferences and seminars: Attending conferences and seminars related to your field will give you the opportunity to learn from industry experts, network with other professionals, and stay up-to-date on the latest developments in your industry.
Participate in online courses and webinars: Taking online courses and webinars is an excellent way to learn new skills and techniques.
Join professional organizations: Joining a professional organization related to your field can provide you with opportunities to network with other professionals
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Jake is the manager of a cafe in Houston Texas. Jake opened a bank account under the cafe name
Answers
Jake’s Finer Foods is a family-owned, Houston-based broadline distributor and food supplier delivering quality food, exceptional service and custom solutions to foodservice providers throughout Texas and Louisiana since 1946.
Jake’s services a wide range of industry segments, including independent restaurant operators, multi-unit chains, retail grocery, daycares, caterers and corporate cafeterias. Its complete line of product offerings also includes fresh-cut, premium meats from Gourmet Ranch, Jake’s exclusive custom butcher shop.
From its simple and humble start selling eggs door-to-door, to today tapping into global trends, and national and local brands, Jake’s Finer Foods is a thriving family business that is led by faith – impacting lives and helping others achieve their goals.
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Leslie was born on September 12, 2002. When will Leslie be able to purchase alcohol?
Answers
Leslie was born on September 12, 2002. When will Leslie be able to purchase alcohol? In most countries around the world, the legal drinking age is 18 years old or above. In the United States of America, it is 21 years old.
Leslie, born in 2002, is currently 19 years old. This implies that Leslie can purchase alcohol if she resides in a country where the legal drinking age is 18 years or above.
A few countries, such as Italy, allow 16-year-olds to drink beer or wine with a meal if they are accompanied by an adult.
However, these laws vary from one country to another, and the safest bet is to look up the drinking laws in your specific country or region to learn more about legal drinking ages.
Alcohol is harmful when consumed in excessive quantities, causing mental and physical problems.
Thus, it is critical to consume alcohol responsibly, regardless of the legal drinking age in one's region. If Leslie chooses to drink alcohol, she should only do so in moderation and not become addicted to it.
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"Be all you can be is an example" of a(n)
a) formal statement.
Ob) slogan or saying.
c) story, legend, or myth.
Od) role modeling.
e) rite and ritual.
Answers
Answer:
"Be all you can be is an example" of slogan or saying.
Explanation:
A slogan ir a saying is a phrase which is short and easy to remember. It is often used in advertisements.
For example
You are launching a protein powder brand where you kept the slogan as "Be all you can be" which depicts that the protein powder is capable of everything you need in your body.
Other Options are INCORRECT
A mission statement is something which describes the agenda, ethics, values of the orgaization which is Incorrect.
A story, legend or myth can't be described in a short phrase. Therefore, Incorrect.
A role modeling is an inspiring statement which is alrady present in ourself. But, here "Be all you can be" depicts that it is something that is yet to be achived. Therefore, Incorrect.
How has the Timberland Company incorporated the four pillars of its corporate social
responsibility (CSR) strategy into its day-to-day operations?
Answers
Answer:
The four pillars are energy, product, workplace and service.
Please mark Brainliest
Explanation:
The Timberland Company have a tradition of Corporate Social Responsibility, Timberland have always been committed to environment and social sustainability. The four pillars of Timberland Company for Corporate Social Responsibility are Energy, Product, Workplace and Service.
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SELECT AN ORGANISATION OF YOUR CHIOCE.
1.1 SUMMARISE THE NATURE OF BUSINESS
1.2 SUMMARISE THE BUSINESS MODEL
1.3 WHAT ARE THE KEY BUSINESS DRIVERS
2.1 NATURE OF DECISION DESCRIBING WHAT DECISION NEEDED TO BE MADE AND WHY
2.2 SUMMARISE HOW WAS THE DECISION MADE
2.3 ANALYSE THE DECISION MADE AND DESCRIBE IF A QUALITATIVE OR QUANTITATIVE APPROACH WAS USED AND JUSTIFY YOUR RESPONSE
2.4CONFIRM WHY WAS THIS APPROACH TAKEN BY THE BUSINESS AND APPRAISE THIS APPROACH FROM RISK MODELLING PERSPECTIVE
3.1 USING THE SELECTED BUSINESS DECISION FROM ABOVE, IDENTIFY AT LEAST 5 RISKS THAT NEEDED TO BE CONSIDERED TO MAKE THE SAME
3.2 USING THE RISK REGISTER IN THE PREVIOUS SECTION, CONDUCT A QUALITATIVE RISK ANALYSIS FOR THESE 5 RISKS BY PROPOSING THE PROBABILITY OF OCCURRENCE AND IMPACT FOR EACH RISK
3.3 USING A MATRIX INCLUDED IN APPENDIX A, PLOT THE RISKS ON A HEAT MAP AND EXPLAIN WHAT THE MAP MEANS
4.1 USING THE REGISTER DERIVED IN QUESTION 3.1, CALCULATE THE AVERAGE IMPACT (EXPECTED MONETARY VALUE) USING AGGREGATION OF STATIC VALUES
4.2 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
5.1 USING THE REGISTER FROM 3.1, CALCULATE THE 5 POSSIBLE EXPECTED MONETORY VALUES USING THE AGGREGATION OF THE RISK DRIVEN OCCURRENCES METHODOLOGY
5.2 DESCRIBE THE RESULT OF THIS METHODOLOGY USING AN APPROPRIATE DIAGRAM
5.3 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
Answers
An organization that will be analyzed in this context is Coca-Cola.1.1 Summary of the nature of the business:Coca-Cola is one of the most well-known beverage manufacturers in the world. They create fizzy drinks, juices, and water for a variety of markets.
Their drink portfolio includes more than 200 brands sold in over 200 countries.1.2 Summary of the business model:Coca-Cola Company follows a business model based on creating strong brands that generate significant customer demand.
Their main goal is to build and enhance brand equity. They engage in extensive advertising and promotion campaigns to attract more consumers.1.3 What are the key business drivers:Coca-Cola's essential business drivers are its brand, extensive distribution network, market reach, product innovation, customer satisfaction, and product differentiation.2.1 Nature of decision describing what decision needed to be made and why:The business decision that was taken by Coca-Cola was regarding the selection of the right marketing mix, which is a critical decision.
This allowed them to gain valuable insights into how the consumers perceive their products, which they could use to develop targeted marketing strategies. From a risk modeling perspective, the approach is beneficial because it allows the company to minimize the risks by identifying the issues that consumers may face with their products.3.1 Using the selected business decision from above, identify at least 5 risks that needed to be considered to make the same:1. Competition from other beverage manufacturers2. Consumer preferences and behavior3. Changes in market trends4. Fluctuating economic conditions
5. Changing health and safety regulations3.2 Using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk:The following table shows the qualitative risk analysis for the five risks that were identified:RiskProbabilityImpactCompetitionMediumHighConsumer preferences and behaviorHighHighChanges in market trendsLowHighFluctuating economic conditionsHighMediumChanging health and safety regulationsLowMedium3.3 Using a matrix included in Appendix A, plot the risks on a heat map and explain what the map means:The risks were plotted on a heat map, as shown below:The heat map shows that the competition and consumer preferences risks have a higher probability of occurrence and impact, while the changes in market trends and health and safety regulations have a lower probability of occurrence and impact.4.1 Using the register derived in question 3.1, calculate the average impact (expected monetary value) using aggregation of static values:
The five possible expected monetary values are calculated by multiplying the probability of each risk and the range of possible impacts.RiskProbabilityImpactRange of possible impactsExpected Monetary ValueCompetitionMedium$2,000,000-$4,000,000$1,200,000Consumer preferences and behaviorHigh$3,000,000-$5,000,000$3,000,000Changes in market trendsLow$1,000,000-$3,000,000$300,000Fluctuating economic conditionsHigh$1,000,000-$2,000,000$1,200,000Changing health and safety regulationsLow$500,000-$1,000,000$50,000Total Expected Monetary Value$5,750,0005.2 Describe the result of this methodology using an appropriate diagram:The following diagram shows the possible expected monetary values for the five risks:5.3 Summarize what does this average impact value mean for the organization:
The average impact value means that the Coca-Cola Company could potentially lose an estimated $5,750,000 due to the five risks that were identified. This value represents the range of possible impacts that the company may face, given the probability of occurrence of each risk. The company can use this information to identify the risk mitigation strategies that are required to minimize the impact of these risks.
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Alliance Manufacturing Company has two support departments, Maintenance Department and Personnel Department, and two producing departments, X and Y. The Maintenance Department costs of $90,000 are allocated on the basis of standard service hours used. The Personnel Department costs of $13,500 are allocated on the basis of number of employees. The direct costs of Departments X and Y are $27,000 and $45,000, respectively.
Data on standard service hours and number of employees are as follows:
Maint. Person. Dept. Dept.
Dept. Dept. X Y
Standard service hours used 200 150 1,200 600
Number of employees 25 50 75 75
Direct labor hours 250 250 1,000 500
Predetermined overhead rates for Departments X and Y, respectively, are based on direct labor hours. What is the overhead rate for Department X assuming the direct method is used?
a. $27.00
b. $81.00
c. $46.88
d. $93.75
Answers
Answer: d. $93.75
Explanation:
First find the total cost of Department X:
= Direct cost + Maintenance cost + Personnel costs
Maintenance cost for Dep. X:
= Standard hours for Maintenance / Total hours * Maintenance costs
= 1,200 / (1,200 + 600) * 90,000
= $60,000
Personnel costs:
= Number of employees in X / Total employees * Personnel costs
= 75 / (75 + 75) * 13,500
= $6,750
Total cost:
= 27,000 + 60,000 + 6,750
= $93,750
Predetermined overhead rates:
= Cost / Direct labor hours
= 93,750 / 1,000 hours
= $93.75
si el dia 17 de junio me comprometo a pagar una suma de dinero en un plazo de 3 meses: ¿hasta que dia tengo tiempo para hacer efectivo el dinero?
Answers
The date that you would have to pay back the money borrowed would be September 16.
How to find the date ?A financial agreement or contract is established when an individual commits to paying a specific sum of money within an agreed-upon timeframe. In this particular instance, the obligation entails remitting payment within three months from June 17.
Should one vow to pay said amount before 3 whole months after June 17, then they would have until September 16th to follow through on their promise. This is because September 17th marks the end of the third month and thus its conclusion. Nevertheless, given that full payment is mandated within the span of those 90 days, the last day to submit the sum turns out to be September 16th - marking the final date of the time period at hand.
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reducing accounts in chart of accounts
Answers
Answer:
Reducing the Chart of Accounts It may be possible to drastically shrink the number of expense accounts in use. In particular, consider using just the following mega-accounts: Direct costs. This account will probably contain the cost of materials and supplies used in the production process, as well as freight costs, and not a great deal more.
Explanation:
what kind of kitkat are low demand?
Answers
Kitkat is one of the most selling chocolate brand. The kitkat products which are of low demands are mostly Wasabi kitkat,, whole grain biscuits, cough drop kit kat etc.
What is product demand?The demand for a product changes with taste and needs of consumers. Price elasticity, or consumer behaviour in response to price changes, is the category that describes how consumer demand responds to changes in pricing.
The individual buyer exhibited rational conduct; he sought to maximise the number of advantages, i.e., the ratio of the cost of the meal to the cost of the purchase.
Kitkat is a popular brand and many products such as biscuits, chips, cough drops and chocolate bars are delivered by them. Among them, the products that are commonly of low demand are Wasabi kitkat, cough drop kit kat and whole grain biscuits.
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impact of new vendor with zero opening balance
Answers
The impact of the vendor with the zero opening balance is to show that the account has been correctly set up.
What is the vendor opening balance?This is the term that is used to refer to the amount of money that is in an account at the particular time that the account is newly opened.
The way that the vendor balance can be gotten is when the opening balances that are in a new year are carried forwards and the customers are done. In order to track this, the code that is to be used is F. 07.
The opening balance is what would have to be brought forward at the end of an accounting period and it is usually what the vendor would have to use as they try to keep a track of the cash flow that is in their account.
Hence we would say that the impact of the new vendor with this balance that is 0 is to help to determine how correct the set up of the account has been done.
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Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
Answers
(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.
(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.
(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:
Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000
Cash Cr. Br 540,000
This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.
(b) To record revenue and dividends for the year:
On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.
Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)
Revenue from Investment in YY Ltd. Cr. Br 45,000
This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.
On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.
Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)
Revenue from Investment in YY Ltd. Cr. Br 81,000
This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.
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In QuickBooks, when first setting up sales taxes for a client, what information will be prepopulated?
Answers
Answer:
Company address
Explanation:
Quick books is accounting software that is made for small and medium-sized organizations. They include cloud-based applications for business payments.
For setting up the software and first starting with the sales taxes for the contents one needs to enter the company address, and start with the other information.Learn more about the first set-up sales taxes for a client.
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In its most recent annual report, Appalachian Beverages reported current assets of $54,000 and a current ratio of 1.80. Assume that the following transactions were completed: (1) purchased merchandise for $6,000 on account, and (2) purchased a delivery truck for $10,000, paying $1,000 cash and signing a two-year promissory note for the balance.
Compute the updated current ratio (round answers to 2 decimal places)
Transaction (1) ________________
Transaction (2) ________________
Answers
Answer:
Current Ratio - Transaction 1 = 1.6666 rounded off to 1.67
Current Ratio - Transaction 2 = 1.6388 rounded off to 1.64
Explanation:
The current ratio is a measure of liquidity which measures the amount of current assets a business has to pay off each $1 of current liability. It is calculated as follows,
Current Ratio = Current Assets / Current Liabilities
We know the initial current ratio and current assets. The initial current liabilities will be,
1.8 = 54000 / Current Liabilities
Current Liabilities = 54000 / 1.8
Current Liabilities = $30000
Transaction 1
The result of transaction 1 will be that the current assets will increase by $6000 as inventory increases and the current liabilities will also increase by $6000 as accounts payable are increasing. The new current ratio will be,
Current Ratio - Transaction 1 = (54000 + 6000) / (30000 + 6000)
Current Ratio - Transaction 1 = 1.6666 rounded off to 1.67
Transaction 2
The result of transaction 2 will be that the current assets will decrease by $1000 as payment for truck which is a fixed asset is made partly by cash and the current liabilities will not increase as the note signed for the remaining payment of the truck is due after 2 years thus it is a non current liability. The new current ratio will be,
Current Ratio - Transaction 2 = (54000 + 6000 -1000) / (30000 + 6000)
Current Ratio - Transaction 2 = 1.6388 rounded off to 1.64