An essential assumption underlying gaap is that all economic events can be identified with what?

Wittaker Inc. should record an unrealized gain of $2,000 on its investment in Connect Inc. bonds at December 31. This is because the fair value of the bonds has increased since they were purchased.

Here are the journal entries for the transactions and the adjusting journal entry at December 31:

Transactions

* January 1:

   * Debit: Investments - Trading $32,000

   * Credit: Cash $32,000

* July 1:

   * Debit: Cash $2,400

   * Credit: Interest Revenue $2,400

* December 31:

   * Debit: Cost of Investments - Trading $1,000

   * Credit: Unrealized Gain on Investments $1,000

Adjusting journal entry at December 31:

* Debit: Unrealized Gain on Investments $2,000

* Credit: Gain on Sale of Investments $2,000

The journal entries for the transactions are straightforward. The first entry records the purchase of the bonds, the second entry records the receipt of interest, and the third entry records the unrealized gain.

The adjusting journal entry at December 31 is necessary because the fair value of the bonds has increased since they were purchased. The unrealized gain of $2,000 is the difference between the carrying value of the bond ($32,000) and their fair value at December 31 ($34,000).

The unrealized gain is not recognized in income until the bonds are sold. However, it must be reflected on the balance sheet as a component of shareholders' equity.

I hope this helps! Let me know if you have any other questions.

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When the total cost is $10,000 and variable costs are $4,000 with an output level of 10 units, the average fixed cost is $600 and the average variable cost is $400.

To calculate the average fixed cost, we need to subtract the variable costs from the total cost and then divide it by the output level.

Average Fixed Cost = (Total Cost - Variable Costs) / Output Level

Given that the total cost is $10,000 and the variable costs are $4,000, we can calculate the average fixed cost as follows:

Average Fixed Cost = ($10,000 - $4,000) / 10 = $6,000 / 10 = $600

Therefore, the average fixed cost is $600.

To find the average variable cost, we divide the variable costs by the output level.

Average Variable Cost = Variable Costs / Output Level

In this case, the variable costs are $4,000, and the output level is 10 units.

Average Variable Cost = $4,000 / 10 = $400

Thus, the average variable cost is $400.

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The major advantages and disadvantages of forced distribution approach in performance evaluation.

The forced distribution approach in performance evaluation refers to a method of ranking employees based on a predetermined distribution.

The advantage of forced distribution approach is encourages differentiation between the work, provides a clear performance standard and encourages the performance improvement to the employees.

The disadvantage of forced distribution approach create a competitive work environment, not reflect individual performance accurately and demotivate high-performing employees. This can lead to not improving performance and work method in the organization.

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Answer:

B. $31,250

Explanation:

The computation of the revenue that should be recognized by the entity on the sale of product X is shown below;

Here the transaction price should be distributed to the performance obligations.

The sum of the standalone selling price is

= $40,000 + $120,000 + $160,000

= $320,000

And, the standalone selling price is $40,000

Now the revenue that should be recognized is

= $40,000 ÷ $320,000 × $250,000

= $31,250

Answer:

C

Explanation:

The correct answer would be option C that says that the struggling farmers receive less assistance from the government as fiscal policies are associated with determining the expenses and taxation policies to the various sectors to regulate the direction of the economy.

There are two types of Fiscal Policy that are Expansionary and Contractionary.

Expansionary fiscal policy:

Contractionary policy:

In this case, farmers did not get assistance from the government due to reducing the amount of Federal money available for farming and farmers is an illustration of Contractionary fiscal policy.

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The key differences between goods and services in marketing are tangibility (goods are tangible, services are intangible) and ownership (goods are owned by the customer, services are experienced but not owned).

There are several key differences between goods and services in marketing. Here are some of the main distinctions:

1. Tangibility: Goods are tangible products that can be seen, touched, and physically possessed. Services, on the other hand, are intangible and do not have a physical presence.

2. Production and Delivery: Goods are typically produced and then delivered to the customer, while services are often produced and consumed simultaneously. Goods can be stored and inventoried, but services are perishable and cannot be stored for future use.

3. Ownership: Goods are usually owned by the customer once they are purchased, and the customer has the right to use or dispose of the goods. Services, however, are experienced or utilized by the customer but are not owned by them.

4. Evaluation: Goods can be evaluated based on their tangible attributes such as quality, features, and durability. Services, on the other hand, are evaluated based on the customer's experience, the quality of interaction, and the outcome or results of the service.

5. Customer Involvement: Customers are typically more involved in the production and consumption of services compared to goods. Services often require active participation, cooperation, or communication between the service provider and the customer.

6. Marketing Mix: The marketing mix elements for goods and services can differ. Goods marketing focuses more on product features, design, packaging, and physical distribution. Service marketing emphasizes factors like service quality, customer experience, service delivery processes, and customer satisfaction.

Understanding these differences is crucial for marketers to develop appropriate marketing strategies and effectively communicate the value proposition of goods and services to their target customers.

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To examine the weekly payroll of all employees, one would look at the: d. payroll register.

The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.

A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.

Options:

a. W-4

b. employee earnings record

c. W-2

d. payroll register.

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The journal entry mentioned above is a common transaction recorded in accounting when a company incurs expenses related to wages or salaries but has not yet paid them.

In this particular case, the factory wages incurred by the production department of the company are $28,000.

To record this transaction, the account to be debited is the Wages Expense account. This account represents the total amount of wages earned by employees during a specific period, regardless of whether or not the company has paid them yet.

When the company incurs expenses for wages or salaries, it increases the Wages Expense account with a debit entry.

On the other hand, the account to be credited is Wages Payable. This account represents the total amount of wages earned by employees but not yet paid by the company.

When the company incurs expenses for wages or salaries, it also creates a liability in the form of an account payable. In this case, the company owes $28,000 to its employees for the wages earned but not yet paid. The Wages Payable account is credited to increase the liability.

The journal entry shows a balanced equation, where the debit amount of $28,000 in the Wages Expense account is equal to the credit amount of $28,000 in the Wages Payable account.

This transaction will be recorded in the company's general ledger, and the Wages Payable account will be adjusted when the company makes the payment to its employees in the next pay period.

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Option B is correct. Reviewed U.S. Tax Court Decision carries more weight. There are five federal courts that have purview over debates between citizens and the Government.

The U.S. Tax Court is a federal court that hears disputes between taxpayers and the Internal Revenue Service (IRS) regarding federal tax issues. Taxpayers who disagree with an IRS assessment of their tax liability can petition the Tax Court for a redetermination.

Once a petition is filed, the Tax Court will schedule a trial where both the taxpayer and the IRS can present evidence and arguments. The Tax Court judge will then issue a decision based on the evidence presented and applicable tax law.

Tax Court decisions are typically reviewed by the U.S. Court of Appeals for the circuit in which the taxpayer resides or has their principal place of business. The Court of Appeals will review the Tax Court decision for legal errors or abuse of discretion.

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Answer and Explanation:

The computation is shown below:

For determining each part first we have to do the following calculations

Critical value of t = 3.250

Null hypothesis = 1.5

Alternative hypothesis ≠ 1.5

Population mean \(\mu\) = 1.5

Sample mean \(\bar X\)= 1.30

Sample size \(n\) = 10.00

Sample standard deviation \(s\) = 0.900

Standard error of mean is

\(s_x = \frac{s}{\sqrt{n} }\)

\(= \frac{0.900}{\sqrt{10.00}}\)

= 0.2846

Test static is

\(t = \frac{x - \mu}{s_x}\)

\(= \frac{1.30 - 1.5}{0.2846}\)

= -0.703

a. The null hypothesis is

μ = 1.5

Alternate Hypothesis is

μ ≠ 1.5

b. reject \(H_o\) if t is not between

-3.250 and 3.250

c. The value of the test statistic is

t = -0.703

(as we have computed above)

d. fail to reject \(H_o\) as this data does not contradict the publisher claim

If Stewart wants to legally imprint these hero's images, he needs to acquire copyright from Marvel. Therefore, option 'C' is the correct answer.

A copyright is a sort of intellectual property that, often for a certain period of time, grants its owner the only authority to reproduce, transmit, modify, exhibit, and perform creative work. The creative activity might take the shape of something musical, artistic, educational, or literary.

The types of works protected by copyright include computer programs, databases, ads, maps, and technical drawings in addition to books, music, paintings, sculptures, and films. Copyright laws provide the preferential exploitation and subsequent financial reward of the results of creative human endeavours, such as literary and artistic output.

It is believed that different cultural attitudes, social structures, economic theories, and legal systems are to blame for copyright development in Europe rather than, say, Asia.

Therefore, option 'C' (Acquire copyright from Marvel) is the correct option.

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To determine the actual level of activity in units, we need to identify the difference between the budgeted and actual fixed overheads, which is the under-absorption of overheads.Calculating this, the actual level of activity in units is approximately 120,338.98, which can be rounded to 120,000 units (option C).

The under-absorption of overheads indicates that the actual fixed overheads exceeded the budgeted amount.Given that the under-absorption of overheads is 3000 and the fixed overheads are absorbed per unit, we can calculate the actual level of activity by dividing the under-absorption by the fixed overhead absorption rate per unit.

Under-absorption of overheads / Fixed overhead absorption rate per unit = Actual level of activity in units. In this case, the under-absorption of overheads is 3000, and the budgeted number of units is 118000. Since the fixed overheads are absorbed per unit, the fixed overhead absorption rate per unit is:

Fixed overhead absorption rate per unit = Budgeted fixed overheads / Budgeted number of units.Fixed overhead absorption rate per unit = $354,000 / 118,000.Now, we can calculate the actual level of activity:Actual level of activity in units = Under-absorption of overheads / Fixed overhead absorption rate per unit

Actual level of activity in units = 3000 / ($354,000 / 118,000).Calculating this, the actual level of activity in units is approximately 120,338.98, which can be rounded to 120,000 units (option C).

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Hi there,

I can not find the complete question to  help choose an option. I wil list out a variety of answers and you would be able to choose any that suits your question.

Answer/Explanation:

As an high school leaver that wants to further his education but that doesn't want to take student loans to do it, there are a variety of option such high school leaver can choose from.

1. work and study: this simply means that the high school leaver can decide to work alongside college or university as use the money from the job to settle university bills.

2. Scholarships: Am high school leaver can try scholarship opportunities tourther his education. A scholarship can be said to be a philanthropic act by a body or individual to reward or help individuals with tuition and other things as stated in the terms and conditions.

3. Setup a funding site: an high school leaver can set up a funding site in which donations can be made to fund the higher education.

Cheers.

The demand for dollars is downward sloping due to the relationship between the price of dollars (exchange rate) and the quantity demanded. When the price of dollars decreases, the quantity demanded increases, and vice versa. There are three main groups demanding dollars: foreign consumers, investors, and central banks.

Foreign consumers demand dollars to purchase American goods and services. When the exchange rate is low, it becomes cheaper for them to buy US products, thus increasing the demand for dollars. Conversely, when the exchange rate is high, they may seek alternative goods and services from other countries, leading to a decrease in dollar demand.Investors also play a significant role in dollar demand. When US investments become more attractive due to favorable economic conditions or higher interest rates, foreign investors need to purchase dollars to invest in US assets. A lower exchange rate means they can acquire more dollars with their currency, leading to higher demand. On the other hand, when US investments are less attractive, they may move their investments to other countries, reducing the demand for dollars.Lastly, central banks demand dollars as part of their foreign exchange reserves. These institutions aim to maintain stability in the currency market and may buy or sell dollars to influence exchange rates. When the dollar's price is low, central banks may increase their dollar reserves, driving up demand. In contrast, they may sell dollars when the price is high, lowering demand.In summary, the demand for dollars is downward sloping due to the interaction of exchange rates with the quantity demanded by foreign consumers, investors, and central banks. Lower exchange rates encourage increased demand, while higher rates lead to decreased demand.

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The exchange rate today at which a foreign currency can be purchased or sold on a specific future date is the a. forward rate.

The exchange rate today at which a foreign currency can be purchased or sold on a specific future date is known as the forward rate. The forward rate is a predetermined rate agreed upon between two parties to exchange currencies at a future date. It allows individuals or businesses to hedge against potential currency fluctuations by locking in an exchange rate in advance.

The spot rate, on the other hand, refers to the current exchange rate for immediate settlement of a foreign currency transaction, typically within two business days. The future rate is not a commonly used term in the context of currency exchange rates.

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Answer:

Either increasing supply or lowering demand

Explanation:

increasing supply:

e.g. when less developed countries (LDCs) experience a famine or drought, other countries can supply food and/or water to them

lowering demand:

finding alternative solutions of the product (that have the same effect as the original product) or reducing the reasons for why there is a high demand

- e.g. crops not growing well due to weather/crop disease going around -> find a crop that is more resistant to the disease (reducing reasons for demand)

- e.g. rice field has an infestation -> not yielding enough rice to feed the population -> population feels hungry and other foods cannot help them feel full/sustain them -> find another crop to substitute, like yam or potatoes that are equally filling (alternative solutions)

but these two are pretty much the same so

also please note I don't take any courses on supply and demand other than geography so I might be completely wrong

The fordney-mccumber tariff was that  it hindered the ability of the Europeans nations to pay their war debts.

Named after Rep. Joseph W. Fordney of Michigan and Senator Porter J. McCumber of North Dakota, the Fordney-McCumber Tariff imposes very high tariffs on foreign imports. increase. Foreign products imported into the United States are now much more expensive than domestic products. The idea was to protect American manufacturers and farmers from foreign competition. 

The terms of the tariff made it very difficult for European manufacturers to export and sell their products to Americans, and hampered the ability of Britain, France, and Germany to pay their war debts. England and France had to sell their goods in America to earn US dollars and return them to American banks to pay off their debts. 

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To "synthesize" means to combine information to create new information. The given statement is true.

Synthesizing is the process of combining or fusing several facts, theories, or notions to produce new information or insights. It entails taking distinct components or sources and combining them in a way that transcends simple summarization. When you synthesize, you evaluate and interpret the data, spot recurring themes or patterns, and create a cogent and thorough understanding.

Critical thinking and creativity are both involved in the higher-level cognitive process of synthesis. Making connections, coming to conclusions, and developing fresh insights or understandings are all part of it; it goes beyond merely repeating or regurgitating information that has already been said.

Thus, the mentioned above-given statement is true.

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Your complete question was as follows.

To synthesize means to form new information by combining parts or elements of other information. Please select the best answer from the choices provided t f

Answer: its true

Explanation:

Answer:

On a new job, a good way to fit in on on the team is to...show respect and listen to every person's point of view

Explanation:

this is my answer because respecting others is one that business do to have a great start

Answer:

Assuming no issues, IRS issues tax refunds in less than 21 calendar days after IRS receives the tax return. IRS has an on-line tool, "Where's My Tax Refund", at www.irs.gov that will provide the status of a tax refund using the taxpayer's SSN, filing status, and refund amount.

Explanation:

The economies of scale, possession of required raw materials and patents are considered entry barriers in the market.

Entry barriers refers to hurdles that restrict new organizations to enter any market segment. So when any organization decides to enter should check on these obstacles.

There are many barriers faced by organizations to get enter into the market which includes economies of scale, arrangements of funds, the policy of governing structure and so on.

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Answer:

Be smart and watch out for snakes

The statement Hard skills will get you the job, but soft skills will allow you to keep the job is true.

Hard skills  can be defined as the skills your possess which are the one you have as a result of been educated and the skills you possess as a result of the experience you have gain.

On the other hand Soft skills can be defined as inbuilt  skills you possess that can enables you to succeed at your workplace and this skills includes the way you communicate and interact with people at your place of work.

Therefore the statement Hard skills will get you the job, but soft skills will allow you to keep the job is true.

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do you have a car?

do you have anyone in the house under 18?

are you an expirenced worker?

Answer:

see below

Explanation:

1. An entrepreneur is the business founder. He or she conceives the business ideas and focuses on growing it.  An investor considers existing business formed by the entrepreneur and focuses on its financial/commercial side.

2. The entrepreneur approaches an investor to finance the business. He draws a business plan and proposals to assure the investor of its viability. The investor approaches an entrepreneur if he is convinced of profits.

3. The entrepreneur manages the business but may also invest in it.  An investor only puts money in the business but is not involved in managing it.

labor efficiency variance $4000 favorable

The formula for the labor efficiency variance is:

=(Actual hours - Standard hours) x Standard rate

=(4500 - 5000) x 8 = $4000 favourable

Variable overhead efficiency variance =

=Standard overhead rate x (Actual hours - Standard hours)

=Standard overhead rate x (4500 - 5000)

The employees might not have obtained written work instructions. blend. the usual assumes a sure mix of employees concerning exclusive talent levels, which does not suit the actual staffing. training.

The labor efficiency variance focuses on the number of exertion hours utilized in manufacturing. it is defined because of the difference between the real range of direct labor hours worked and budgeted direct labor hours that ought to have been labored based totally on the requirements.

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