Chestnut, Inc. reported the following balances on its balance sheet at December 31, Year 1 12 Total Assets $254,000 8 01:49:06 Total Liabilities $ 81,000 eBook Common Stock Retained Earnings Total Equity 89,000 84,000 173,000 Total Liabilities and Equity $254,000 On January 1, Year 2, Chestnut purchased equipment for $52,000 on account. What is the company's debt- to-assets ratio immediately after the purchase of the equipment?
Answers
To calculate the debt-to-assets ratio immediately after the purchase of the equipment,
we need to determine the new total assets and the new total liabilities.Given the information provided, at the end of Year 1, the total assets were $254,000, and the total liabilities were $81,000. This means the equity was $173,000 ($254,000 - $81,000).On January 1, Year 2, Chestnut purchased equipment for $52,000 on account. This means the equipment is considered part of the company's assets.
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Related Questions
Each fire department member has a specific duty to perform. Match each position with the appropriate role or responsibility.
Answers
Answer:
I'm working on this too man. lemme finish it up and ill tell you the answers
Explanation:
Two grams of musk oil are required for each bottle of mink caress, a very popular perfume made by a small company in western siberia. the cost of the musk oil is $2.10 per gram. budgeted production of mink caress is given below by quarters for year 2 and for the first quarter of year 3:
Answers
Answer:
Since there is not enough room here, I used an excel spreadsheet and attached it.
Explanation:
Year 2 Year 3
First Second Third Fourth First
Budgeted prod. 84,000 114,000 174,000 124,000 94,000
in bottles
Musk oil has become so popular as a perfume ingredient that it has become necessary to carry large inventories as a precaution against stock-outs. For this reason, the inventory of musk oil at the end of a quarter must be equal to 20% of the following quarter’s production needs. Some 33,600 grams of musk oil will be on hand to start the first quarter of Year 2.
a competitive firm a. and a monopolist are price makers. b. is a price taker, whereas a monopolist is a price maker. c. is a price maker, whereas a monopolist is a price taker. d. and a monopolist are price takers.
Answers
A competitive firm is a price taker, whereas a monopolist is a price maker.
In a competitive market, there are numerous buyers and sellers, and no individual firm has the power to influence the market price. Therefore, a competitive firm must accept the prevailing market price as given and adjust its quantity of output accordingly. The firm is a price taker, meaning it has no control over the price and must accept it to maximize its profits.
On the other hand, a monopolist has market power and faces limited or no competition. As the sole provider of a particular good or service, the monopolist has the ability to influence the market price. The monopolist can choose the price it wants to charge and adjust its quantity of output accordingly. Therefore, a monopolist is a price maker, as it has the power to set the price in the market.
To summarize, a competitive firm is a price taker, accepting the market price, while a monopolist is a price maker, having the ability to set the price in the market.
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All licensees should give earnest money checks to their sponsoring broker immediately who must deposit said earnest money by:_______
a. the third day following the contract acceptance.
b. the next business day of contract acceptance.
c. within seventy four hours from the time the offer is delivered.
d. the third day following the final counteroffer.
Answers
Answer:
b)the next business day of contract acceptance.
Explanation:
A license which is reffered to as a permit to authority should make sure their sponsoring brokers were given earnest money checks after the contract has been accepted so that it can becomes a legal deal.
It should be noted that All licensees should give earnest money checks to their sponsoring broker immediately who must deposit said earnest money by the next business day of contract acceptance.
which type of cues refers specifically to information found in a message that pertains directly to a product, its attributes, its advantages, or the consequences of its use?
Answers
The fundamental tenet of the balance theory is that people are driven to preserve the appearance of consistency in the relationships observed in mental systems. The balance hypothesis, put out by Fritz Heider, is a theory of attitude change in the psychology of motivation.
The cognitive consistency motive is interpreted as a desire for psychological harmony. The desire to uphold one's ideals and views across time is known as the consistency motive.
A psychological theory called reinforcement theory contends that actions have consequences and that reinforcement, punishment, and extinction are all effective ways to alter behavior. Modern concepts concerning reinforcement theory were greatly influenced by behavioral psychologist B.F. Skinner.
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standard oil company was the empire of which business mogul?
Answers
how does jonah define a bottleneck? group of answer choices the stage of a process that causes the entire process to slow down or stop completely. any point of congestion or blockage in a process. any resource whose capacity is equal to or less than the demand placed on it. the plant resource which produces the most unnecessary inventory. the slowest workstation in the plant.
Answers
The definition that has been given by Jonah in the context of a bottleneck is that it is the stage of a process that causes the entire process to slow down or stop completely. Hence, Option A is correct.
What is a bottleneck?An assembly line or computer network bottleneck is a location of congestion that causes a manufacturing system to halt or move very slowly.
A "bottleneck" in an operation is a work stage that, even while operating at maximum throughput, is unable to achieve the production quota, causing the flow of activities to be slowed down or stopped.
Therefore, Option A is correct.
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Which of the following is NOT an organization to protect consumers?
The American Red Cross
The U.S. Food and Drug Administration
Federal Trade Commission
Better Business Bureau
Answers
Answer:
It might be D- whic
who determines whether a good is normal or inferior?
a-individual.
b-sellers
C-government
tions
d-all the above.
Answers
Answer:
A.
Explanation:
Determining whether a good is normal or inferior depends on individuals. When there is a rise in the income of a person and he/she buy more of a good, it shows that good is normal. When there is a rise in a person income and there is a decrease in the demand for goods, then the product is inferior.
Therefore, it is an individual who determines whether a good is normal or inferior. Thus option A is correct.
5. Imagine you are buying a new guitar. Describe how you would make the purchase using the
research-based approach
Answers
Answer:
What I would do is make sure it is a good quality item and see if it is worth my money after that I would go to the cashier and buy my product.
Explanation:
At the time of purchasing a new guitar, or any new thing, the purchase would be made by keeping a few things in mind, like the quality of the product, usage of the product, whether it is worth investing that amount or not, and many more.
What is a research-based approach?A research-based approach is one in which the search for any material, text, or anything done for exploring things that are relevant and important also carries interesting questions and challenges.
One can use a research-based approach in any segment, like learning new things, investing money, purchasing any asset, and many more.
Therefore, while purchasing a new guitar, quality, usage, and other things can be found with the help of a research-based approach.
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Explain the connection between the terms "division of labor" and "specialization".
Answers
Answer:
Division of labor leads to specialization
Explanation:
Division of labor refers to the process of subdividing work into small tasks. In the division of labor, the production process is divided into different stages. Each stage requires a specific task to be performed. Workers are assigned specific tasks depending on skills and abilities.
The division of labor leads to an increase in productivity. Each worker performs a regular task, using familiar tools. In time, the worker becomes an expert in what they do, thereby increasing productivity. Division of labor leads to specialization. When work is subdivided into tasks and assigned to a specific worker, the assigned employee specializes in that task. Specialization is the practice of focusing on a single or very few activities that one is good at doing.
Write any 4 points regarding the nature of target customers, which in the present times has led to the growing importance of ‘Persuasive function of Promotion'? MARKETING
Answers
Answer:
A target customer profile is simply a specific group of customers most likely to respond positively to your promotions, products, and services. 4 points regarding the nature of target customers:
What kind of people we’re looking?Where to find them?What our customers want from our brand, to adapt our value proposition so that our brand is relevant to a specific need or problem?How they compare and choose products to adjust marketing campaigns to make our offering seem the most compelling?Digital marketing has led to the growing importance of ‘Persuasive function of Promotion' because customers can learn about promotions from home and even compare the campaigns.
Explanation:
Persuading function of Promotion is to motivate customers to buy products under promotion due to intense competition among different industries producing similar types of products.
Imagine you are an entrepreneur looking to hire additional employees to join your existing team of five accountants. You are exploring the options available for screening your applicants. Because you own an accounting business, you believe you will also need additional employee screening for the potential employees beyond typical new hire documentation. Name at least two forms of documentation that are typically required for the hiring process. Name the additional screening measures you will want to include and explain why additional screening may be necessary for your business.
Answers
The two forms of documentation required for the process of hiring accountants are:
Certified Public Accountant (CPA)Certified Fraud Examiner (CFE)What are the screening measures for a recruitment process?There needs to be a process of recruiting and selecting new potential candidates for a company in line with organizational needs. As candidate screening measures for an accounting firm the firm may require:
Bachelor's and Master's Degree in AccountingSpecific extracurricular coursesAccountant licensesThe company can also develop a series of steps in the selection process with the application of interviews, group dynamics, resolution of objective tests, etc.
Therefore, additional screening of candidates will assist in hiring an employee who meets the company's needs, with the necessary experiences and certifications to perform accounting positions, which require high responsibility and reliability.
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Your older sister is planning on saving money by paying her bills, spending money on fun, and then saving whatever is leftover. Why is this not the best option for saving her money?
Answers
Answer:
spend money on bills first then food then save the leftover money for later
accruals involve transactions where the cash outflow or inflow takes place in a period ______ expense or revenue recognition.
Answers
Accruals involve transactions where the cash outflow or inflow takes place in a period that differs from expense or revenue recognition.
They are adjusting entries that recognize expenses or revenue in the period they are incurred or earned, rather than when the cash is exchanged. These entries ensure that the financial statements accurately reflect a company's financial performance for a given period.Accruals are necessary because many transactions are not completed at the same time as the exchange of cash.
For example, if a company provides services to a client in December but doesn't receive payment until January, the revenue from those services should be recognized in December. The same goes for expenses; if a company incurs an expense in December but doesn't pay for it until January, the expense should be recognized in December.
Accruals ensure that the company's financial statements accurately reflect the company's financial performance in a given period, regardless of when the cash is exchanged.Accruals can be either accrued expenses or accrued revenues.
Accrued expenses are expenses that have been incurred but not yet paid, such as interest, taxes, or wages. Accrued revenues are revenues that have been earned but not yet received, such as interest income or rent. Both types of accruals require an adjusting entry to ensure that the company's financial statements accurately reflect the company's financial performance for the period.
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Help what’s the answer?
Answers
The long-run aggregate supply curve is only influenced by capital, labor, and technology.Since it is vertical over the long term, more capital, more labor, and better technology could cause the curve to turn to the right.
Although there are a number of different ways to measure economic growth, gross domestic product (GDP) is the most widely used and reported indicator.
What long-term factors influence output?
Instead, in the long run, an economy's output is only limited by the resources and technology it has available to it.The long-run aggregate supply curve (LRAS), which is vertical at the economy's potential output, exemplifies this concept.
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100 POINTS!!!!!!!
Which answer would be the best response for the interview question, "Do you have any questions?"
A) "How often I can take days off?"
B) "No, thank you for your time."
C) "What does a day in this position look like?"
D) "What is the expected salary for this position?"
Answers
Answer:
C
Explanation:
Answer: c
Explanation:
You should be interested in your job, not about days off.
Timothee is very frustrated with his coworker for stealing his idea in a meeting and presenting it as his own. He spends the rest of the meeting sitting with his arms crossed and not participating in the discussion. Although he's not speaking, his body language is playing what role in the communication process?
A. channel
B. receiver
C. message
B. noise
Answers
Answer:
C. Message because he is crossing his arms and not speaking, which could mean he is sending a message through his body language.
Explanation:
Hope it helps?! =/
explain advertisement
Answers
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
A direct mailer falls under the category of sales, not marketing.
True
False
Answers
Answer:
False.
Explanation:
A direct mailer can be defined as a form of marketing which involves the use of a mail service such as a courier or postal service to physically deliver a piece of promotional product or material to a target audience such as home or business. Some examples of a direct mailer are catalogs, postcards, solicitation letters, flyers, coupons, brochures etc.
Hence, a direct mailer falls under the category of marketing, not sales.
Suppose 2 athletes sign 10-year contracts for $80 million. In one case, we're told that the $80 million will be paid in 10 equal instalments. In the other case, we're told that the $80 million will be paid in 10 instalments, but the instalments will increase by 5% per year. Who got a better deal and why?
Answers
Answer:
player 2 is signing a better contract
Explanation:
the present value of an annuity (player 1) = annual payment x annuity factor
assuming that the interest rate is 10%
present value = $10 million x 6.1446 (PV annuity factor, 10%, 10 periods) = $61.446 million
player 2's contract
the present value of a growing annuity = [payment / (i - g)] x {1 - [(1 + g) / (1 + i)]ⁿ} = [$10 / (10% - 5%)] x {1 - [(1 + 5%) / (1 + 10%)]¹⁰} = $200 x 0.372 = $74.398 million
Throughout history, the role of government in business has changed. When the constitution was written, what was the federal government's role in business?
Select an answer from the options below
A-issue patents to inventors
B-impose tariffs on imported goods
C-settle disputes between businesses
D-all the above
Answers
Government agencies may assist businesses by offering them advisory, financial, and other services. It can also serve as the public's ally by making and upholding laws pertaining to labor safety, consumer protection, and other issues.
The Constitution grants the government the authority to regulate some businesses, and the U.S. government has been involved in business for as long as the nation has existed. The business community continues to enjoy a great deal of independence even if the role of the government has grown throughout time.
To safeguard the rights of employees, the environment, and businesses' level of power in a highly commercialized society, the U.S. government has put in place a number of business rules. Growth, industrialization, changes in mindset, environmental concerns, and technological advancements all contributed to changes in the government's involvement in business over time.
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identify ms. barnes’s statutory marginal rate and compute her average tax rate assuming ms. barnes is a single taxpayer.
Answers
Ms. Barnes’s Statutory Marginal Rate and Average Tax Rate Ms. Barnes’s statutory marginal rate is 24% since she earns between $85,525 and $163,300 in taxable income.
her average tax rate will be calculated as follows;
Annual income before taxes - deductions = taxable income
$93,000 - $12,000 = $81,000 (taxable income)
We will use the tax tables for 2019 to calculate Ms. Barnes’s income tax.
As seen below:
Taxable Income Tax rate$0 to $9,700 10% of taxable income
$9,701 to $39,475 $970 plus 12% of the excess over $9,700$39,476 to $84,200 $4,543
plus 22% of the excess over $39,475$84,201 to $160,725 $14,382 plus 24% of the excess over
$84,200$160,726 to $204,100 $32,748 plus 32% of the excess over $160,725$204,101 to $510,300 $46,628
plus 35% of the excess over
$204,100Over $510,300 $153,799
plus 37% of the excess over $510,300We will now calculate the tax she will pay by adding up the tax in each bracket:
10% of $9,700 = $97012% of ($39,475 - $9,700) = $3,57322% of ($84,200 - $39,475) = $9,54624% of ($81,000 - $84,200) = $-736 (Negative means that a tax refund is owed)
Total tax = $13,353
We will now calculate her average tax rate.
Average tax rate = total tax / taxable income * 100% = 13,353/81,000 * 100% = 16.5%
Ms. Barnes’s statutory marginal rate is 24% and her average tax rate is 16.5%.
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
career class question
Answers
I think so
before a company’s competitive advantage moves into the decline stage, it should
Answers
Before a company's competitive advantage moves into the decline stage, It is necessary for a company to keep reevaluating its strategies and adapt to changes in order to maintain a sustainable competitive advantage in the market.
To maintain its competitive edge in the market, a company should keep improving its business processes and strategies. It should strive to remain updated with the latest market trends, consumer needs, and preferences. Additionally, a company must reevaluate its business model, analyze its strengths, weaknesses, opportunities, and threats (SWOT), and make the necessary changes to stay competitive.
Companies can leverage technology, diversify their products, provide innovative services, enter into partnerships or acquisitions, improve their supply chain management, and employ efficient cost-cutting measures to maintain their competitive advantage. Companies should also invest in their workforce, train them, and provide them with a conducive working environment to improve their productivity, performance, and motivation.
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Which aspect of the organization should Albert have been aware of before joining it?
Albert has recently joined a business organization. After a few weeks, he has realized that he is not happy with the organization's values,
management style, and policies. He is thus finding it difficult to perform daily tasks. He wishes he had found some information about the
organization's
before joining it
Answers
Answer:
well you have to think before taking action in something
1.2.
State which environment unions are found in.
Answers
I got this question on my quiz a few weeks ago and was wondering if anyone could explain the best/correct answer.
I'm currently leaning towards the last option, but I'm not sure.
Answers
Answer:
Easy it's B, this is because the rate at which we earn interest with only 1000$ does not keep up with the maintenance fee.
In B u get $1010 because of the interest after the first year,
In D u get $960 because if u get an annual interest of 2% from $1000 u get a total of $1020 but deduction from maintenance fee is $60 per year, Thus $1020-$60 = $960. Same explaination for the others as well.
if a 25% change in price results in a 40% change in quantity supplied, then the price elasticity of supply is about a. 1.60, and supply is elastic. b. 0.63, and supply is inelastic. c. 0.63, and supply is elastic. d. 1.60, and supply is inelastic.
Answers
The ideal decision (a). If a 25% change in price causes a 40% change in the amount delivered, supply is elastic since its price elasticity is roughly 1.60.
What does supply price elasticity mean?A good or service's responsiveness to supply after a change in its market price is measured by its price elasticity of supply. Basic economic theory states that when a good's price grows, so will it's supply. A good's supply will fall when its price rises, on the other hand.
The price elasticity of supply is calculated as follows: % change in quantity supplied / % change in price. Economists determine whether the quantity provided of an item is elastic or inelastic by calculating the price elasticity of supply.
the supply's price elasticity
= % variation in the amount supplied / Price variation in %.
= 40% / 25%
= 1.6
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