The dp-3 would exclude coverage for partial damage to the dwelling resulting from all of the following perils except for losses specifically excluded in the policy. Thus the correct option is D.
What is dp-3?A DP-3 insurance policy is that primarily protects residences that aren't your principal residence considered as type of dwelling fire insurance. It normally includes personal liability coverage, loss of use coverage, and structural insurance.
Other than damages expressly specified in the contract, this kind of insurance covers all damages to the covered property. To the exclusion of those indicated as restrictions, it can be said to protect against all loss sources.
Therefore, option D is appropriate.
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Teh complete question is probably
A) broad form perils only.
B) extended coverage perils.
C) open perils
D) for losses specifically excluded in the policy.
true/false.inventory turnover can be calculated by ratio of cost of goods sold over average inventory cost ratio of average inventory cost over cost of goods sold ratio of inventory days in stock over average inventory cost ratio of average inventory cost over inventory days in stock
the price of a call option tends to be lower when which of the following is higher (all else equal)? multiple choice the expected volatility of the underlying stock
The price of a call option tends to be higher when the expected volatility of the underlying stock is higher (not lower), all else equal. The reason for this is that the value of an option is directly related to the volatility of the underlying asset, as higher volatility increases the likelihood that the option will end up "in the money" (i.e., profitable for the option holder).
When the expected volatility of the underlying stock is higher, the potential for larger price movements is greater, which means that the option has a higher probability of being profitable. As a result, investors are willing to pay more for the option, which leads to a higher price.
Answer:
The price of a call option tends to be lower when the expected volatility of the underlying stock is lower, all else equal.
Cindy operates a computerized engineering drawing business from her home. Cindy maintains a home office and properly allocates the following expenses to her office: Depreciation $1,500 Utilities 500 Real estate taxes 325 Mortgage interest (100 percent deductible) 500 a. Assume that Cindy earns income of $4,400 from her business for the year before deducting home office expenses. She has no other expenses associated with the business. Calculate Cindy's deduction for home office expenses.
b. Assume that Cindy earns income of $2,600 from her business during the year before deducting home office expenses. Calculate Cindy's deduction for home office expenses. $
If Cindy operates a computerized engineering drawing business from her home.
a. Deduction for home office expenses is $1,575
b. Cindy's deduction for home office expenses $2,600.
How to find the Deduction for home office expenses ?A) Cindy's deduction for home office expenses is calculated below:
Deduction for home office expenses = Gross Income - Depreciation Balance - Utilities Balance - Real estate Taxes and Mortgage Interest
Deduction for home office expenses = $4,400 - $1,500 - $ 500 -$325 - $500
Deduction for home office expenses = $4,400 - $2,825
Deduction for home office expenses =$1,575
B)To calculate Cindy's deduction for home office expenses when she earns income of $2,600 from her business for the year before deducting home office expenses:
Step 1: Calculate the total expenses allocated to the home office (same as in part a):
Depreciation + Utilities + Real estate taxes + Mortgage interest = $1,500 + $500 + $325 + $500 = $2,825
Calculate the limit on the deduction for home office expenses:
Since Cindy's business income is less than her total home office expenses, she cannot deduct more than her business income. Therefore, the limit on her deduction is $2,600.
Calculate the deduction for home office expenses:
Cindy can deduct the lesser of her total home office expenses or the limit based on her business income:
Deduction for home office expenses = $2,600 (limit)
Therefore, Cindy's deduction for home office expenses is $2,600.
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Which of the following would normally be expected to result in an increase in the supply of funds, all else equal? L. The perceived riskiness of all investments decreases II. Expected inflation increases III. Current income and wealth levels increase IV. Near term spending needs of households increase as energy costs rise O I and ill only II and III only O II, III, and IV only I and IV only
The perceived riskiness of all investments decreases and Current income and wealth levels increase would normally be expected to result in an increase in the supply of funds, all else equal. Hence, option A is correct.
What is supply of funds?The amount of money that is available for loans serves as a proxy for how every saver acts in a given economy. A saver is more willing to put money away if they can get a greater interest rate. As a result, the availability of loanable money indicates that when interest rates rise, there will be more savings on hand.
The total amount of money—cash, coins, and balances in bank accounts—in circulation is known as the money supply. The money supply is typically understood as a collection of secure assets that individuals, businesses, and governments can use to make payments or hold as short-term investments.
Thus, option A is correct.
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a new manager has been in their role for three months. they take time each day to get to know and socialize with their team, and are often meeting with employees to discuss various challenges they are facing. however, work efficiency is down and project deadlines are not being met. it is likely that this manager is disproportionately in their leadership style. Group of answer choices: A) relationship-oriented
B) task-oriented
C) authoritarian
D) laissez-faire
It is likely that this manager is disproportionately relationship-oriented in their leadership style. option [A] is the correct answer for the above statement.
A Leadership Style is what?
A leader's leadership style is the method they use to help their team reach its goal by inspiring team members to work together and putting an emphasis on their welfare. For a team to function well, continue to grow, and accept change, it is essential to comprehend the leadership style.
Relationship-oriented leadership, also known as relationship-focused leadership, is a behavioral strategy in which the team leader places special emphasis on the team members' motivation, satisfaction, and overall well-being.
Therefore, This manager's leadership style is perhaps excessively relationship-oriented.
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You buy a share of The Ludwig Corporation stock for $23.30. You expect it to pay dividends of $1.09, $1.1543, and $1.2224 in Years 1, 2, and 3, respectively, and you expect to sell it at a price of $27.67 at the end of 3 years.
Calculate the growth rate in dividends. Round your answer to two decimal places.
Calculate the expected dividend yield. Round your answer to two decimal places.
Assuming that the calculated growth rate is expected to continue, you can add the dividend yield to the expected growth rate to obtain the expected total rate of return. What is this stock's expected total rate of return (assume market is in equilibrium with the required rate of return equal to the expected return)? Do not round intermediate calculations. Round your answer to two decimal places.
The expected total rate of return is calculated by taking the expected dividend yield and adding it to the expected growth rate 16.7%.
What is total rate?Total rate is the sum of all the rates or charges associated with a particular transaction. It is the cost for a service or product after all taxes and fees have been added to the base price. It is also referred to as the grand total or the all-inclusive rate.
Growth Rate in Dividends: The growth rate in dividends is calculated by taking the final dividend amount, subtracting the initial dividend amount, and dividing the result by the initial dividend amount.
Growth Rate = (1.2224 - 1.09) / 1.09 = 0.12
Dividend Yield: The dividend yield is calculated by taking the annual dividend amount and dividing it by the purchase price of the stock.
Dividend Yield = 1.09 / 23.30 = 0.047
Expected Total Rate of Return: The expected total rate of return is calculated by taking the expected dividend yield and adding it to the expected growth rate.
Expected Return = 0.12 + 0.047 = 0.167 or 16.7%.
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As part of convergence efforts, the FASB and IASB have developed a common definition and common set of financial statement ____ for discontinued operations.
In an effort to achieve convergence, the FASB and IASB have developed a shared definition and set of "presentation requirements" for financial statements for discontinued businesses. An entity's discontinued activities are those parts that have either been sold or are indicated as being held for sale.
What do FASB and IASB stand for?In order to enhance comparability and simplify the financial statement-reading process for users, the FASB and IASB have sought to align their accounting principles with regard to discontinued businesses. This entails creating a standard definition and a set of presentation guidelines that both FASB and IASB must adhere to.
In addition to the International Accounting Standard Board (IASB), the Financial Accounting Standards Board (FASB) is mentioned. The accounting subject is present on these two boards. The IASB focused on global standards, whereas the FASB focused on American accounting rules.
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Suppose private saving in a closed economy is $12b and investment is $10b.
Suppose private saving in a closed economy is $12b and investment is $10b. The government budget deficit must equal $2b. Thus the correct option is D.
What is a Closed Economy?A closed economy refers to an economy that avoids or prevents trade activities with other countries and depends on strengthening the economy with domestic activities rather than using import or export as a feature to boost the economy.
Private saving = GDP - Investment
GDP=$12b
Investment = $10b.
Private saving= $12b- $10b.
= $2b
Therefore, option D is appropriate.
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The complete question is Probably
Suppose private saving in a closed economy is $12b and investment is $10b.
a. National saving must equal $12b.
b. Public saving must equal $2b.
c. The government budget surplus must equal $2b.
d. The government budget deficit must equal $2b.
bill o'malley is a buyer in the purchasing department at nilo industries. his speciality is nonferrous metals. bill is attempting to develop a system for force casting monthly copper prices. he has accumulated :6 months of historical price data:
Forecast for month 7 with alpha 0.1 = 0.87
Forecast for month 7 with alpha 0.5 = 0.84
How to calculateData Provided:
Month
Price/Pound
Forecast
1
0.85
0.90
2
0.82
3
0.90
4
0.79
5
0.83
6
0.85
Case 1 when Alpha = 0.1
Using exponential method we make forecast using below formula
Forecast Current = (Alpha * Previous period Actual) + ((1- Alpha)* Forecast of previous period)
Forecast month 2 = (Alpha * Actual price month 1) + ((1-Alpha)*Forecast for month 1)
=(0.1*0.85)+((1-0.1)*0.90)= 0.90
Similarly we can calculate for rest for the periods till month7 as below:
Month
Price/Pound
Forecast
1
0.85
0.90
2
0.82
0.90
3
0.90
0.89
4
0.79
0.89
5
0.83
0.88
6
0.85
0.87
7
0.87
Same needs to be done for Alpha 0.5 as below:
Forecast month 2 = (Alpha * Actual price month 1) + ((1-Alpha)*Forecast for month 1)
=(0.5*0.85)+((1-0.5)*0.90)= 0.88
For rest of the month to be as below:
Month
Price/Pound
Forecast
1
0.85
0.90
2
0.82
0.88
3
0.90
0.85
4
0.79
0.87
5
0.83
0.83
6
0.85
0.83
7
0.84
Calculating MAD for Forecasting with alpha 0.1
Mean absolute deviation (MAD) , In this we 1st find the errors of forecasting by subtracting forecasted value from actual value as below:
Month
Price/Pound
Forecast
Error
1
0.85
0.90
-0.05
2
0.82
0.90
-0.08
3
0.90
0.89
0.01
4
0.79
0.89
-0.10
5
0.83
0.88
-0.05
6
0.85
0.87
-0.02
Now we convert ERROR value in absolute values as below:
Month
Price/Pound
Forecast
Error
|Error|
1
0.85
0.90
-0.05
0.05
2
0.82
0.90
-0.08
0.08
3
0.90
0.89
0.01
0.01
4
0.79
0.89
-0.10
0.10
5
0.83
0.88
-0.05
0.05
6
0.85
0.87
-0.02
0.02
Now we add up |Error| as below:
Month
Price/Pound
Forecast
Error
|Error|
1
0.85
0.90
-0.05
0.05
2
0.82
0.90
-0.08
0.08
3
0.90
0.89
0.01
0.01
4
0.79
0.89
-0.10
0.10
5
0.83
0.88
-0.05
0.05
6
0.85
0.87
-0.02
0.02
Total
0.31
Next we calculate MAD by dividing sum of |Error| by number of errors to get MAD
MAD = 0.31/6 = 0.5167
Same Process we repeat for forecast with alpha 0.5
Month
Price/Pound
Forecast
Error
|Error|
1
0.85
0.90
-0.05
0.05
2
0.82
0.88
-0.06
0.06
3
0.90
0.85
0.05
0.05
4
0.79
0.87
-0.08
0.08
5
0.83
0.83
0.00
0
6
0.85
0.83
0.02
0.02
Total
0.26
Now in this case Month 5 has 0 error means no error, so for this MAD your number of errors will be 5 rather than 6 as in previous forecast with alpha 0.1
MAD = 0.26/5 = 0.5200
So MAD of forecast with alpha 0.1 is lesser than MAD of forecast with alpha 0.5.
Forecast for month 7 with alpha 0.1 = 0.87
Forecast for month 7 with alpha 0.5 = 0.84
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When attending a networking event, what should you focus on first before asking for connections or advice?
A-)Building a relationship with people first.
B-)Finding out where the good food is.
C-)Telling people your life story and your accomplishments.
D-)Asking whether people work in the job that you want first.
Which of the following agencies regulates insider trading?
Answer:
SEC
Explanation:
The SEC regulates insider trading.
Answer:
1. SEC
2. Franklin D Roosevelt
3. To restore trust in the economy as a result of the great depression
4. A raise in taxes AND a raise in your salary
5. A shift in the structure of an economic system
Explanation:
Answers to the Regulatory Agencies and Economic Changes Quick Check
got a 100%
Which of the following is one of the shortcomings experienced by franchisees in a franchise arrangement?
Lack of management training and assistance
Decentralized buying power
Low chances for success
Less freedom in business decisions
Lack of financial assistance
lack of management support and training. independent purchasing power low likelihood of succeeding less discretion in making commercial judgments.
What is the most fundamental argument in favor of management?
Tasks are planned and kept track of by management in order to complete an objective. Administrative tasks include selecting the organization's strategy and planning how the personnel will use the resources at their disposal to carry it out. The four most prevalent types of managers are team leaders, top-level managers, middle managers, and first-line managers. Management is the process of allocating a company's resources and directing its operations to best meet its goals.
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assume the economy of andersonland is in a long-run equilibrium with full employment. in the short run, nominal wages are fixed. (a) draw a correctly labeled
Changes in aggregate demand would cause output and employment in the Andersonland economy to fluctuate. This would be depicted on a graph with the price level as the vertical axis and real GDP as the horizontal axis.
What is Real GDP?The value of all final goods and services produced within an economy in a given year, adjusted for inflation, is measured by the macroeconomic measure known as Real Gross Domestic Product (Real GDP). It is the value, at constant prices, of all goods and services produced in an economy. It is used to measure a nation's economic growth over time.
The nominal GDP, which is the GDP unadjusted for inflation, is taken into account when calculating real GDP. Real GDP provides a more precise measure of an economy's growth or contraction over time because it eliminates the influence of inflation.
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Wu Systems has the following balance sheet. How much net operating working capital does the firm have?
Cash $ 100
Accounts payable $ 200
Accounts receivable 650
Accruals 350
Inventory 550
Notes payable 350
Current assets $1,300
Current liabilities $ 900
Net fixed assets 1,000
Long-term debt 600
Common equity 300
Retained earnings 500
Total assets $2,300
Total liab. & equity $2,300
a. $750
b. $675
c. $825
d. $908
e. $998
Wu Systems has $750 in net operating working capital, with the given balance sheet. Hence option (a) is the answer.
What is net operating working capital?Current assets minus current non-interest-bearing obligations equal net operating working capital (NOWC), which is the difference. With the exception of marketable securities, current assets consist of cash, accounts receivable, and inventories.
The phrase "operating working capital" (OWC) refers to a company's current assets and measures the total amount of investment needed to support various operational cycles or day-to-day operations components. This operation includes the purchasing and selling of goods, the payment of suppliers, and the receipt of payments from customers. Net Operating Working Capital (NOWC) is calculated as the difference between current assets and current liabilities.
Net working capital = Current assets - Accounts Payable - Accruals. Net working capital =
Given
Current Assets = $1,300
Accruals = $350
Accounts payable = $200
NOWC = $1,300 - $200 - $350
= $750
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Awake Cafe, a U.S. coffee company, produces a latte at its location in Minneapolis on January 18, 2017. It sells the latte to a customer immediately.
Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 4, 2017. Athleticus imports the pair of sneakers into the United States on May 28, 2017.
An accountant starts a client's 2017 tax return on April 14, 2018, finishing it just before midnight on April 15, 2018.
It quickly sells a customer a latte. On March 4, 2017, a Vietnam-based facility of the American shoe manufacturer Athleticus creates a pair of sneakers.
What do you mean by a manufacturer?
A manufacturer is a person or business that creates finished things from raw materials using a variety of tools, equipment, and procedures, and then sells the products to consumers, wholesalers, distributors, retailers, or other manufacturers for the creation of more complicated goods. Any company that employs components or raw materials to produce completed things is considered a manufacturing business. The majority of the items we use are manufactured, including furniture, medical equipment, aircraft, and electrical devices.
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which statement is false about an introducing broker-dealer? a an introducing broker-dealer is not permitted to hold customer funds or securities b an introducing broker-dealer must sign a clearing agreement with a clearing broker-dealer c an introducing broker-dealer cannot accept trades from customers d an introducing broker-dealer must resolve any customer complaints
"(c) An introducing broker-dealer cannot take transactions from clients," is the false claim made about such a broker-dealer.
Who is a dealer, exactly?Dealers are individuals or businesses that purchase and sell assets on their own behalf, whether through a dealer or not. In contrast to a trader who acts as a representative and performs orders on behalf of his customers, a dealer acts as just a principal when dealing for its own account.
How do dealers make a living?In addition to loans, car sellers can profit from the vehicle itself, your trade-in, warranty sales, and repair work. Discounts in some areas of the selling may be supported by profits in other areas. To increase its total profit, the store takes advantage of this reality.
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Is saving $2,000 by the end of the semester a short term goal or milestone
Answer:short term goal
Explanation:
Answer:
Short term goal
e-marketplaces are group of answer choices virtual or holographic purchasing marketspaces that allow manufacturers to estimate demand based upon different changes in environmental forces. websites that allow consumers to make direct purchases from a manufacturer rather than through a traditional retail outlet. online trading communities that bring together buyers and supplier organizations to make possible the real time exchange of information, money, products, and services. computer simulations that allow manufacturers to estimate how much inventory to keep on hand based upon different purchasing scenarios. databases co-sponsored by the u.s. department of commerce and the world trade organization (wto) that houses all public access records for the purpose of aiding american and global businesses.
Online trading communities that bring together buyers and supplier organizations to make possible the real-time exchange of information, money, products, and services is the correct answer
In order to facilitate the real-time exchange of information, money, goods, and services, e-marketplaces are online trading communities that unite supplier and buyer organizations. They are digital platforms that let companies transact online.
To ensure trust and transparency in transactions, e-marketplaces offer a variety of services, such as product catalogs, buying and payment systems, dispute resolution tools, and feedback systems. These marketplaces may be owned and run by independent providers or by suppliers and customers. Businesses frequently use them to simplify the procurement process, lower transaction costs, and boost supply chain effectiveness.
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____ are sources of external secondary data. A. customer letters. B. US census reports. C. accounts receivable reports. D. warranty cards. E. sales invoices.
The correct answer is (b) US census reports. A census is construed as the opposite of a sample as its intent is to count everyone in a population, rather than a fraction.
What is census?A census is the process of systematically collecting, recording, and calculating demographic information about members of a particular population.
This term is used primarily in relation to census and housing. Other common census include agricultural, traditional culture, business, goods, and transportation census.
The United Nations defines the essential characteristics of population and housing censuses as “individual census, universality within a defined area, simultaneity and defined periodicity” and to be taken at least every 10 years.
We encourage you to conduct a census on The UN Recommendations also include census targets to be collected, official definitions, classifications, and other useful information for coordinating international practice.
The Food and Agriculture Organization of the United Nations (FAO) defines an agricultural census as "a statistical operation for collecting, processing and disseminating data on the structure of agriculture, covering all or a significant part of a country".
"In the Agriculture Census, data is collected at the farm level."
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Here, Max is explaining what Rebecca needs to do to drive a bulldozer. Max is relying on his _____ effectively during the training session. skills to operate the machinery If those skills make up the majority of the skills he needs on the job, Max is probably a ____
Here, Max is explaining what Rebecca needs to do to drive a bulldozer. Max is relying on his technical skills effectively during the training session. skills to operate the machinery If those skills make up the majority of the skills he needs on the job, Max is probably a first-line manager
What is the skills about?
A first-line manager is a manager who is responsible for overseeing the day-to-day operations of a specific department or unit within an organization. They are often referred to as "front-line" managers because they are at the bottom of the managerial hierarchy and are closest to the employees who are doing the work.
Therefore, They are the first point of contact for their team members when they have questions or concerns, and they are responsible for communicating information from upper management down to their team.
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1 to 3. first, post the unadjusted balances from the unadjusted trial balance that was given and the adjusting entries that were made in problem 2-3 into the appropriate t-accounts (on the t-accounts tab). then prepare an adjusted trial balance.
The process of preparing an adjusted trial balance includes posting the unadjusted balances from the unadjusted trial balance into the appropriate t-accounts, then making any necessary adjusting entries, and finally preparing the adjusted trial balance. Here are the steps to follow:
1. Post the unadjusted balances from the unadjusted trial balance into the appropriate t-accounts. This will include accounts such as Cash, Accounts Receivable, Supplies, Prepaid Insurance, Equipment, Accumulated Depreciation, Accounts Payable, Unearned Revenue, and Owner's Equity.
2. Make any necessary adjusting entries. These may include entries for accrued expenses, prepaid expenses, depreciation, and unearned revenue.
3. Prepare the adjusted trial balance. This will include the balances of all of the accounts after the adjusting entries have been made.
An example is attached in the image.
The adjusted trial balance should have equal totals in the debit and credit columns. This indicates that the accounting equation is in balance and the financial statements can be prepared.
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T/ F : at burger king, multiple items such as a cheeseburger, french fries, and a drink are combined together to create a complete meal. this is an example of diversification.
fill in the blank. general electric is a legal entity whose assets and liabilities are separate from those of its owners. as a___, general electric is owned by any number of shareholders.
General Electric is a corporate entity with distinct financial standing from its owners. Any number of stockholders own general electric as a corporation.
How Are Firms and Corporations Distinct?A business or other endeavor can desire to incorporate. The company exists in law as a separate entity from its owners because it is a corporation. The most important effect is that the owners cannot be held liable for the obligations of the corporation. It also suggests that the company has the legal authority to take legal action, borrow money, and possess property.
An organization that is authorized by the state to act as a single unit and is recognized as such in law for specific purposes is known as a corporation. This organization often comprises of a company or a group of people. A charter was used to establish the first corporations. Today, the majority of countries allow for the formation of new corporations.
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Determine the total annual fica tax for an annual salary of $38,480. (fica is 7. 65%) a. $294. 37 b. $717. 96 c. $2,385. 76 d. $2,943. 72.
The correct option is D. the overall annual FICA tax for an annual income of $38,480 is $2,943.72
The FICA tax for an annual income of $38,480 would be:
FICA tax = 0.0765 x $38,480
FICA tax = $2,943.72
FICA stands for Federal Insurance Contributions Act, which is a law that requires employers to withhold a portion of their employee's wages to fund two government-run social programs: Social Security and Medicare. FICA tax is the tax that is withheld from an employee's paycheck to fund these programs.
Employers are required to match their employees' FICA tax contributions, which means that they are also responsible for paying a portion of their employees' Social Security and Medicare taxes. The combined employee and employer contributions make up the total FICA tax payment.
FICA tax is an important source of funding for Social Security and Medicare, which provide financial support to retired and disabled individuals, as well as medical care for those over 65 years of age.
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Sites like Kickstarter and Indiegogo have popularized a type of start-up financing known as ______, in which entrepreneurs post a detailed explanation of their projects or businesses on the site and ask for financing.
Sites like Kickstarter and Indiegogo have popularized a type of start-up financing known as crowdfunding, in which entrepreneurs post a detailed explanation of their projects or businesses on the site and ask for financing from a large number of people, often in small amounts.
What is crowdfunding?The goal is to raise enough money to bring the project to fruition without having to rely on traditional forms of financing such as venture capital or bank loans. Crowdfunding can be used for a wide range of projects, from creative endeavors like art and music to technology startups and social enterprises.
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Santana Rey created Business Solutions on October 1, 2021. The company has been successful, and its list of customers has grown. To accommodate the growth, the accounting system is modified to set up separate accounts for each customer. The following chart of accounts includes the account number used for each account and any balance as of December 31, 2021. Santana Rey decided to add a fourth digit with a decimal point to the 106 account number that had been used for the single Accounts Receivable account. This change allows the company to continue using the existing chart of accounts.
Number Account Title Debit Credit
101 Cash $ 48,372 106.1 Alex’s Engineering Company 0 106.2 Wildcat Services 0 106.3 Easy Leasing 0 106.4 IFM Company 3,000 106.5 Liu Corporation 0 106.6 Gomez Company 2,668 106.7 Delta Company 0 106.8 KC, Incorporated 0 106.9 Dream, Incorporated 0 119 Merchandise inventory 0 126 Computer supplies 580 128 Prepaid insurance 1,665 131 Prepaid rent 825 163 Office equipment 8,000 164 Accumulated depreciation—Office equipment $ 400
167 Computer equipment 20,000 168 Accumulated depreciation—Computer equipment 1,250
201 Accounts payable 1,100
210 Wages payable 500
236 Unearned computer services revenue 1,500
307 Common stock 73,000
318 Retained earnings 7,360
319 Dividends 0 403 Computer services revenue 0
413 Sales 0
414 Sales returns and allowances 0 415 Sales discounts 0 502 Cost of goods sold 0 612 Depreciation expense—Office equipment 0 613 Depreciation expense—Computer equipment 0 623 Wages expense 0 637 Insurance expense 0 640 Rent expense 0 652 Computer supplies expense 0 655 Advertising expense 0 676 Mileage expense 0 677 Miscellaneous expenses 0 684 Repairs expense—Computer 0
Based on the given chart of accounts, it appears that the accounting system has been modified to set up separate accounts for each customer under account number 106 with a fourth digit after a decimal point.
What will be the Journal Entry ?This change was made to accommodate the company's growth and to continue using the existing chart of accounts.
As of December 31, 2021, the balances of the new customer accounts under account number 106 are as follows:
Alex’s Engineering Company (106.1): $0
Wildcat Services (106.2): $0
Easy Leasing (106.3): $0
IFM Company (106.4): $3,000
Liu Corporation (106.5): $0
Gomez Company (106.6): $2,668
Delta Company (106.7): $0
KC, Incorporated (106.8): $0
Dream, Incorporated (106.9): $0
Other accounts with balances as of December 31, 2021, include:
Cash (101): $48,372
Merchandise inventory (119): $0
Computer supplies (126): $580
Prepaid insurance (128): $1,665
Prepaid rent (131): $825
Office equipment (163): $8,000
Accumulated depreciation—Office equipment (164): $400
Computer equipment (167): $20,000
Accumulated depreciation—Computer equipment (168): $1,250
Accounts payable (201): $1,100
Wages payable (210): $500
Unearned computer services revenue (236): $1,500
Common stock (307): $73,000
Retained earnings (318): $7,360
Dividends (319): $0
Computer services revenue (403): $0
Sales (413): $0
Sales returns and allowances (414): $0
Sales discounts (415): $0
Cost of goods sold (502): $0
Depreciation expense—Office equipment (612): $0
Depreciation expense—Computer equipment (613): $0
Wages expense (623): $0
Insurance expense (637): $0
Rent expense (640): $0
Computer supplies expense (652): $0
Advertising expense (655): $0
Mileage expense (676): $0
Miscellaneous expenses (677): $0
Repairs expense—Computer (684): $0
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Evaluate the argument of Meredith in this case.
Are her claims valid? Was she treated fairly in this case? Why or why not?
In this situation, Meredith claims that her employer treated her unfairly. She argues that she should be reimbursed for missed salary and benefits because she was fired without reason and without prior notice.
The things Meredith says are true. An employee cannot be let go by an employer without justification or advance notice. Meredith was most likely treated unfairly in this situation, therefore. She might be qualified for financial support for her lost benefits and salary.
Meredith ought to speak with a lawyer about her legal alternatives. She can seek legal remedies that may be available with the assistance of a lawyer, who can also advise her on the best course of action and help her understand her rights and obligations.
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Which of the following refers to a condition in which the CPU performs well but the bus speed is slow?a. Rebootb. Instructions per cycle (IPC)c. Clock speedd. Bottlenecking
Bottle necking refers to a condition in which the CPU performs well, but the bus speed is slow. Thus, option (D) is correct.
What is the Bottle neck?As the term bottleneck is considered as, a point of the congestion in a production system by which severely slows the system. The unskillfulnesses brought about by the bottleneck often create postponements and higher production costs.
As, sometimes in electronic computer, there are statuses arise in which the CPU performs well, but the bus speed is slow, this state is known as Bottle necking and this originates more in the gaming PC.
Therefore, The right option (D) is correct.
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Based on your understanding of the determinants of interest rates, if everything else remains the same, which of the following will be true?
A) Higher inflation expectations increase the nominal interest rate demanded by investors.
B) A BBB-rated bond has a lower default risk premium as compared to a AAA- rated bond.
Based on your understanding of the determinants of interest rates Higher inflation expectations increase the nominal interest rate demanded by investors. The true statement is A.
What do you mean by interest rate?An interest rate indicates how expensive borrowing is or how lucrative saving is. Hence, if you are a borrower, the " rate is the sum you pay for borrowing money and is expressed as a percentage of the total loan amount.
What various interest rates are there?The cost of borrowing, the effective interest rate, and the rate of interest are the three primary categories of interest rates. The declared rate on which interest payments are computed is known as the nominal interest on an investment or loan.
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you and the buyer both realize that you overcharged for the yard work she did but did not rectify it; now she seeks to enforce a different payment amount in small claims court. this attempt will probably not be enforceable if you plead the defense of uncon
False, this attempt will probably not be enforceable if you plead the defense of unconscionability.
What is the defense of unconscionability?
A defense against the enforcement of a contract or portion of a contract. However, a court may find it unconscionable and refuse to apply it, If a contract is illegal or rough to one party in a way that suggests abuses during its conformation. Unconscionable is an adjective that means without a heart; unconscionable; so illegal or unjust that it shocks the heart.
The adjective is constantly used in the environment of contract law for contracts that have grossly rough and illegal terms. When a court finds a contract unconscionable, it's unenforceable. Two general types of potentially unconscionable vittles are explicatory clauses and disclaimers of limitations of bond liability. Explicatory clauses are clauses that release a party from liability for injuries that he causes.
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