The excess of revenues over expenses for the year is P610,000.
To calculate the excess of revenues over expenses for the council, we need to consider the various revenue and expense items provided.
Revenue:
- Fundraising drive: P250,000 cash + P50,000 pledges (10% uncollectible) = P250,000 + P45,000 = P295,000
- Art fair: P500,000 gross revenue - P80,000 cost of the fair = P420,000
Total revenue = P295,000 + P420,000 = P715,000
Expenses:
- Salaries of trustees: P100,000
- Rent expense: P30,000
- Other expenses: P10,000
Total expenses = P100,000 + P30,000 + P10,000 = P140,000
Excess of revenues over expenses = Total revenue - Total expenses = P715,000 - P140,000 = P575,000
Therefore, the excess of revenues over expenses for the council for the year is P610,000.
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according to adam smith, a country has an absolute advantage in the production of a product when it blank . multiple choice question. is more efficient than any other country at producing it can charge the lowest cost for the product can produce a personalized product chooses to import that product from another country
Imagine that California and Mexico are two nations that produce tequila and wine. Off to the right, it is noted how much of each good each nation can create.
As you can see, California has a significant production edge over the rest of the country because it can produce more of everything. When a manufacturer can deliver an item or service in bigger quantities for the same price—or in the same quantities for less money—than its rivals, it has an absolute advantage. The term "absolute advantage" describes a nation's capacity to manufacture a good for less money or with fewer resources than its trading counterparts.
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what refers to actions by franchisors to void the contracts of franchisees in order to sell the franchise to someone else and collect an additional fee?
The term that refers to actions by franchisers to void the contracts of franchisees in order to sell the franchise to someone else and collect an additional fee is "churning."
Churning occurs when a franchisor intentionally terminates or forces franchisees out of their contracts in order to resell the franchise to new individuals, often with the goal of generating additional fees or royalties. This practice is generally considered unethical and can lead to legal disputes between the franchisor and franchisee.. This practice is generally considered unethical and unfair to the franchisees involved. It can disrupt the business operations of existing franchisees and undermine the trust and stability of the franchising relationship.
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A withdrawal of cash from a bank that does not put the bank's reserves below the level of required reserves will ______.
If there is a withdrawal of cash from a bank which does not go below the required reserves, the withdrawal will not change money supply but will reduce bank checkable deposits.
What does withdrawing from a bank do?If one withdraws money from a bank, it will reduce the bank's checkable deposits as these are made of cash that was deposited by entities.
As regards total money supply however, these withdrawals will only have an impact if the withdrawal causes bank reserves to fall below the required reserves.
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Select the described workplace culture from the drop-down menu below.
* workplace culture emphasizes everyone being in agreement
* workplace culture emphasizes development of new skills
* workplace culture emphasizes reacting quickly to change
* workplace culture emphasizes accomplishing goals
Answer:
The workplace culture emphasizes everyone being in agreement.
Explanation:
The workplace culture emphasizes everyone being in agreement.
An organization should have a good work condition that should be create a good relationship and employee-employee and employer-employer relationship.
It should helped to everyone to achieve their organizational target.
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✔ Consistency-oriented
workplace culture emphasizes everyone being in agreement.
✔ Involvement-oriented
workplace culture emphasizes development of new skills.
✔ Adaptive
workplace culture emphasizes reacting quickly to change.
✔ Achievement-based
workplace culture emphasizes accomplishing goals.
Explanation:
answer on edge
Which of the following internal controls has Jim implemented at his company if he hires an outside auditing firm to review the company's financial records? O Monitoring processes O Information and communication systems O Control environment O Risk assessment
Jim, the owner of the company, hired an outside auditing firm to review the company's financial records to assess whether the company's financial statements are fairly presented, whether there are any financial discrepancies, and whether there is any possibility of financial fraud.
The following internal controls have Jim implemented at his company:O Monitoring processes Information and communication systems Control environment Risk assessment monitoring processes are used to monitor the activities of employees, transactions, and other aspects of the company.
When there is an irregularity, this type of control helps to determine what caused it and how to prevent it from happening again. Monitoring processes also assist in the identification of fraud and errors.
In a company, information and communication systems enable people to communicate and transfer knowledge among departments. For this reason, information is critical in a company. Communication and information exchange must be consistent and transparent to have a successful audit.
The control environment is the overall atmosphere or culture in which people work and perform their responsibilities. Internal control systems are determined by the control environment. Control activities are influenced by control environmental factors, such as the business owner's management philosophy and operating style.
Risk assessment is a process of identifying, evaluating, and prioritizing potential threats to the organization's financial well-being. The company's risk management procedures should be constantly updated as conditions change in the organization. Risk assessment plays a crucial role in making sure that the company's goals are met efficiently and effectively.
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describes employees who are allowed to work remotely.
Networked staff
Overtime employees
Telecommuting employees
Salaried employees
Answer:
Telecommuting employees.
Explanation:
There are numerous mediums or ways of working in the corporate world. telecommunication is one such way in which the employees are allowed to work from a remote place and do not necessarily need to come to the employer's office to do work.
Telecommunication is also known as work from home, remote work, flexible work, mobile work, etc. among others. This allows the employee to work in his/ her own space, comfort zone and also need not make them go through the hassle of traveling to and back from the office. This, in return, makes it good for the company to reduce costs be it in travel allowances, office space, and other amenities, etc.
Answer:
telecommuting employees
Explanation:
got it right on my quiz
mclarry manufacturing firm paid $12,000 for a repair on one of its machines. after this repair, the productivity of this machine increases from producing 100 units per hour to 120 units per hour. the journal entry to record this repair will include:
The journal entry to record the repair of the machine at McLarry Manufacturing Firm would include debiting the machinery account with $12,000 as this amount has been spent to repair the machine.
Additionally, since the productivity of the machine has increased after the repair, an increase in the value of the machinery is also observed. Therefore, the machinery account will be credited with the increased value of the machine, which is calculated as the difference between the old productivity and the new productivity multiplied by the hourly rate per unit.
So, the journal entry would look like this:
Debit - Machinery Account: $12,000
Credit - Machinery Account: ($2,000) [$20 x (120-100) units/hour]
The net effect of this journal entry is an increase in the value of the machinery account by $10,000 ($12,000 - $2,000), which is a reflection of the improvement in the machine's productivity after the repair. This transaction will help McLarry Manufacturing Firm to maintain accurate records of its assets and liabilities, as well as help in making informed decisions about the future repair or replacement of machinery.
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Do you think lance is right to be concerned about leroy's plan for growth
Answer:
yes
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on january 8, the end of the first weekly pay period regis company
Answer:
mhmm
Explanation:
The shift from D to D1 is called
From the graph shown, the shift from D to D1 is called a decrease in demand. Option A
What is a shift in demand graph?The shift from D to D1 in a demand graph is called a shift in the demand curve.
This means that there has been a change in the quantity demanded at every price point.
The shift can occur for several reasons, such as a change in consumer preferences, changes in income or wealth, changes in the availability of substitute or complementary goods, changes in the number of consumers, or changes in expectations about the future.
If the shift is to the right, it indicates an increase in demand, while a shift to the left indicates a decrease in demand.
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Determine the statement that best describes the role of the federal reserve district banks
Answer:
The district banks set the discount rate for lending between banks and oversee open market operations. The district banks direct monetary policy, influencing the policies set by the Board of Governors and the Federal Open Market Committee.
Explanation:
Hope it helps :D
The economic survey 2018 suggest that the psychological biases
can be used in the realm of tax compliance. It is in favour of using
religious norms such “dying in debt is a sin” to improve tax
compliance.
Identify the related dimensions of business environment.
Answer
(a) Legal and social dimension
(b) Social, and economic dimension
(c) Technological and political dimension
(d) Political and economic dimension
Answer: (a) Legal and social dimension
Explanation:
The Legal dimension of the business environment deals with laws and regulations governing the business environment. Tax compliance will therefore fall under this dimension.
The social dimension includes social structures like culture, tradition and the like. Using religious norms will therefore fall under here as religion falls under social structures.
individuals who are planning a career in selling should understand that
Answer:
There is no single, correct process.
Explanation:
The process can vary depending on people, places, and other outside factors.
which of the following methods do economists use to study income differences across countries? check all that apply. the purchasing power parity method, used to compare incomes across countries the bundle of goods method, used to compare types of affordable goods across countries an environmental performance index the gdp deflator method, used to compare incomes across countries
Following methods economists use to study income differences across countries :
The purchasing power parity method, used to compare incomes across countries
Exchange rate conversion, used to express incomes in the common currency
A common metric used by macroeconomic analysts to compare the currencies of various nations using a "basket of goods" approach is purchasing power parity (PPP). Economists can compare economic productivity and living standards across nations thanks to purchasing power parity (PPP). In order to account for PPP, some nations modify their GDP estimates.
The rate at which one currency can be exchanged for another is known as the exchange rate between two currencies. In other words, the exchange rate is the cost of one currency relative to another.
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In cases where sexual harassment may have occurred, which of the following CEO responses would be appropriate? Check all that apply. a. I'm going to fire the person who harassed you right now. b. Our company policy prohibits harassment of any kind. Let's get HR involved so we can straighten this out. c. Go talk to your supervisor about this. d. Please tell me exactly what happened
In cases where sexual harassment may have occurred, the appropriate CEO responses would be B and D. It is important for the CEO to show that the company takes harassment seriously and has policies in place to address it. Therefore, response B acknowledges the company's policy and involves HR to address the situation. Response D is also appropriate because it shows that the CEO is listening to the victim's experience and taking it seriously. However, response A is not appropriate because firing someone without an investigation may not be fair or legally justified. Response C is also not appropriate because it may not address the issue at the appropriate level and may not provide the necessary support to the victim. It is important for the CEO to handle these situations with sensitivity, respect, and fairness towards the victim and the accused.
In cases where sexual harassment may have occurred, the appropriate CEO responses would be:
b. Our company policy prohibits harassment of any kind. Let's get HR involved so we can straighten this out. This response acknowledges the seriousness of the situation and takes appropriate action by involving HR to investigate and address the issue.
d. Please tell me exactly what happened. This response shows the CEO is genuinely concerned and willing to listen to the victim's experience, which is essential for understanding the situation and taking proper actions.
Option a is not appropriate because immediate termination without proper investigation can lead to legal issues and may not be the best solution. Option c is also not appropriate as it may discourage the victim from speaking up and seeking proper assistance.
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When the United States spends money on education, does this cause the nation's GDP to grow or decline?
Answer:
the gdp of the united states stays the same because the money the put into it is the tax payers money
Explanation:
Animeat is a company that sells food for exotic animals in the UAE. Business is going well but they predict they will have some cash flow problems five months from now. What type of finance do you recommend? Explain your recommendation
Answer:
Animeat should access a flexible line of credit.
Explanation:
While it is common knowledge that businesses including those that are profitable would at one time or another have cash flow problems, yet it is pertinent for business owners and managers to always plan ahead against lack or shortage of cash flow as such could lead to total collapse of the business or customers/suppliers loss.
With regard to the above scenario, I would suggest Animeat access a flexible line of credit like invoice finance,overdraft facilities or short term business loan etc, inorder to meet up with it's food supply when the time comes. This would give the business quick access to funds/cash hence cushion the effect of cash flow problem during the predicted time.
The most important source of finance is to find the one that suit the business need and in which interest payment will be seamless so that available cash will not be depleted.
what is the relationship among job,employment and education?
Answer:
i know it
Explanation:
Job/employment are the same for all intents and purposes.
The relationship between employment and education is a most obvious one.
First of all, “education” is not limited to just a college education. It includes (but is not limited to): trades, industry management track training, apprenticeships, as well as college.
When a prospective worker has knowledge, skills, abilities, and education (KSAEs), he/she increases his potential for better paying jobs. The more he/she increases those KSAEs the higher his/her job prospects go.
This is pretty much job/employment 101.
plz mark my answer to brainliest answer
Answer: n every single 1 we r learning sum and we r doing sum new
Explanation:
Calculate and express as a percentage, the company’s debt-to-assets ratio using amounts reported in its financial statements for the years ended February 2, 2014 and February 3, 2013, respectively.
85.8 and 64.4 percent
26.5 and 27.9 percent
0.69 and 0.57 percent
69.1 and 56.7 percent
The correct answer is 85.8 and 64.4 percent.
To calculate the company's debt-to-assets ratio, we need to divide the total amount of debt by the total amount of assets and express it as a percentage. For the year ended February 2, 2014, the company's debt-to-assets ratio is 85.8 percent.
This means that 85.8 percent of the company's assets are financed by debt. For the year ended February 3, 2013, the company's debt-to-assets ratio is 64.4 percent. This means that 64.4 percent of the company's assets are financed by debt.
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In addition to saving money, what are some other ways you can show financial responsibility?
Answer:
you could start a savings a acount or a 401k plan to help with future problems or you could save for a new car.
Explanation:
the language in a georgia lease may provide for an automatic extension of the rental term without notice of termination by the tenant or a notice of renewal from the owner. if a tenant occupies the property without a written lease with the landlord's consent, the tenant is considered a
There is no time limit for a tenant-at-will, but either party can terminate the arrangement at any time without notice. As a tenant, it's important to understand the language in the lease.
The term notice of termination is a notice that the tenant needs to send the owner if he wishes to terminate the agreement in due time. The tenant must ensure that the notice of termination reaches the landlord within a reasonable time.The term tenant-at-will is a type of leasehold where a person lives on someone else's property with the owner's permission. Without a written agreement or contract, a tenant-at-will exists. It can be challenging to comprehend the words and clauses, but if the terms are clear, there would be better clarity about the rights and obligations under the lease. The language in a Georgia lease may provide for an automatic extension of the rental term without notice of termination by the tenant or a notice of renewal from the owner. If the tenant continues to occupy the property after the lease has expired without any notification, the landlord can consider the tenant's occupancy to be month-to-month. If the tenant does not want to extend the lease or is planning to leave, a Notice of Termination must be provided to the landlord. If a tenant occupies a property without a written lease with the landlord's consent, the tenant is considered a tenant-at-will.Learn more about landlord's consent at: https://brainly.com/question/29741978
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the most common definition that monetary policymakers use for price stability is
Answer:
A central feature of monetary policy strategies in all countries is the use of a nominal variable that monetary policymakers use as an intermediate target to achieve an ultimate goal such as price stability. Such a variable is called a nominal
Explanation:
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suppose you currently have in your savings account, and your bank pays interest at a rate of per month. if you make no further deposits or withdrawals, how much will you have in the account in years?
You need to know the principal sum, interest rate, and period to determine the potential worth of your savings account. The sum can be calculated using the compound interest method.
You must apply the compound interest formula to calculate the future worth of your savings account after a specified amount of time. The principal sum, the interest rate, and the duration are all taken into consideration in this calculation. If your bank gives a set interest rate each month and you presently have a certain amount in your savings account, you can use the following formula to determine the future value:
FV = P x (1 + r/n)^(n*t)
Where n is the number of times interest is compounded annually, r is the yearly interest rate (expressed as a decimal), P is the principal amount, FV is the future value, and t is the duration in years. You can determine the future worth of your savings account after a certain amount of time by entering these variables.
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Cheryl wants to purchase a par value $500 bond from Agram Imports. Agram Imports bonds have a market rate of 102. 114 and offer 8. 1% interest. If Cheryl’s broker charges a commission of 2. 5% of the market value of each bond sold, what is the current yield on Cheryl’s bond? a. 0. 077 b. 0. 078 c. 0. 081 d. 0. 40.
The current yield on Cheryl's bond is 0.077. Therefore the correct answer is option a.
To calculate the current yield, we need to divide the annual interest payment by the market price of the bond. The annual interest payment is 8.1% of the par value, which is $500 * 0.081 = $40.50.
The market price of the bond is 102.114% of the par value, which is $500 * 1.02114 = $510.57. Dividing the annual interest payment by the market price, we get $40.50 / $510.57 ≈ 0.079.
However, we need to subtract the commission charged by the broker, which is 2.5% of the market price, or $510.57 * 0.025 = $12.76. Subtracting the commission from the annual interest payment, we get $40.50 - $12.76 = $27.74.
Finally, dividing the adjusted annual interest payment by the market price, we get $27.74 / $510.57 ≈ 0.054. Therefore, the current yield on Cheryl's bond is approximately 0.077.
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Maury invested $5,000 in a selection of high-tech stocks. After six years of careful trading, his investments were worth $79,700. At what quarterly compounded nominal rate did his investments grow?
Maury's investments grew at a quarterly compounded nominal interest rate of approximately 12.23%.
To find the quarterly compounded nominal interest rate, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = the final amount (in this case, $79,700)
P = the principal amount (in this case, $5,000)
r = the nominal interest rate (unknown)
n = the number of compounding periods per year (4, since we're dealing with quarterly compounding)
t = the number of years (6)
Plugging in the given values, we have:
$79,700 = $5,000(1 + r/4)^(4*6)
Dividing both sides by $5,000:
15.94 = (1 + r/4)^(24)
Taking the 24th root of both sides:
(1 + r/4) = 15.94^(1/24)
Now, let's solve for r/4:
r/4 = (15.94^(1/24)) - 1
Multiplying both sides by 4:
r = 4 * [(15.94^(1/24)) - 1]
Using a calculator to evaluate the right side, we find:
r ≈ 12.23%
Therefore, Maury's investments grew at a quarterly compounded nominal interest rate of approximately 12.23%.
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What is telemarketing?
Answer:
Using the telephone or the Internet to promote products or services to prospective clients is known as telemarketing. Outbound calls, inbound calls, lead generation calls, and sales calls are the four most prevalent types of telemarketing calls.
Explanation:
Hope it helps:)
Definition : A telemarketer makes phone calls on behalf of the company to provide information about products and services to potential clients. When interviewing telemarketers the successful candidate will have a positive attitude with excellent sales skills.
What is a Telemarketer?
Telemarketers, also known as sales representatives, sell products or services over the telephone or through web conferencing. They usually work in call centers or at home for third-party call center companies. Additional responsibilities include: ... Contact potential and current customers to promote products or services.
What is a telemarketing in business?
Telemarketing is the direct marketing of goods or services to potential customers over the telephone, Internet, or fax.
What is telemarketing example?
Definition and examples. Telemarketing usually means contacting customers and potential customers by telephone, but can also include using fax or the Internet. Direct mail and face-to-face meetings are not part of telemarketing.
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Required information [The following information applies to the questions displayed below.) At the beginning of the year, Mahogany, Incorporated bought machinery, shelving, and a forklift. The machinery initially cost $27,200 but had to be overhauled (at a cost of $1,520) before it could be installed (at a cost of $760) and finally put into use. The machinery's total life was estimated as 40,000 hours, with an estimated residual value of $1,000. The machinery was actually used 5,000 hours in year 1 and 7,000 hours in year 2. Repair costs were $390 in each year. The shelving cost $9,500 and was expected to last 5 years, with a residual value of $640. The forklift cost $12,600 and was expected to last six years, with a residual value of $2,080. 4. Compute year 2 straight-line depreciation expense for the shelving and give the journal entry to record it. Complete this question by entering your answers in the tabs below. Req Reg 4B Compute year 2 straight-line depreciation expense for the shelving. Year 2 straight-line depreciation expense
The year 2 straight-line depreciation expense for the shelving is $1,912.
What is the depreciation expense for the shelving in year 2?The year 2 straight-line depreciation expense for the shelving can be calculated by subtracting the residual value from the initial cost of the asset and dividing it by the estimated useful life. In this case, the initial cost of the shelving is $9,500, and the residual value is $640. The estimated useful life of the shelving is 5 years.
Subtracting the residual value from the initial cost: $9,500 - $640 = $8,860
Dividing the difference by the estimated useful life: $8,860 / 5 = $1,772
Therefore, the year 2 straight-line depreciation expense for the shelving is $1,772.
Depreciation expense represents the allocation of an asset's cost over its useful life. Straight-line depreciation is a commonly used method where the depreciation expense remains constant throughout the asset's useful life. It is calculated by subtracting the residual value from the initial cost and dividing it by the useful life. This method provides a consistent and predictable expense over time, making it easier for companies to plan their financials and allocate costs accurately.
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what do i say to "tell me about yourself" in a job interview
(20 pts)
Answer:
1- Mention past experiences and proven successes as they relate to the position. ...
2- Consider how your current job relates to the job you're applying for. ...
3- Focus on strengths and abilities that you can support with examples. ...
4- Highlight your personality to break the ice.
Explanation:
Are quotas important?
Quotas are used by nations in international trade to control the amount of trade that occurs between them and other nations. To decrease imports and boost domestic production, nations occasionally impose quotas on particular products.
The idea of quotas is to increase home production by limiting international competition. Quotas will aid domestic suppliers by lowering imports. However, they will result in increased consumer costs, a production in economic wellbeing, and they may trigger retaliation if other nations impose tariffs on our goods. Consumers ultimately pay higher prices as a result of the quantitative restrictions placed on imported goods through quotas.
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Arthur files a single income tax return and his maximum tax-free interest under the education savings bond program is $6,000. How much of the interest is excludible if his modified adjusted gross income exceeds the applicable dollar limit by $5,000 (one-third of the phaseout range)?.
Since Arthur's modified adjusted gross income exceeds the applicable dollar limit by $5,000, the excludable interest is only $1,000.
Data and Calculations:Education savings bond program's maximum tax-free interest = $6,000
Excess of modified adjusted gross income = $5,000
Conditions for Excludable Interest:1) Arthur should have paid “qualified” higher education expenses (as defined by the IRS) for himself.
2) Arthur should have a single filing status.
3) Arthur should have an adjusted gross income that does not exceed the phase out rules.
Thus, since Arthur's modified adjusted gross income exceeds the applicable dollar limit by $5,000, the excludable interest is $1,000 ($6,000 - $5,000).
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