Eric will have saved $153,365 after he makes his final deposit.
To calculate the total amount Eric will have saved immediately after making his final deposit, we can use the formula for the future value of an ordinary annuity.
Future Value = Payment × ((1 + Interest Rate)^Number of Periods - 1) / Interest Rate
Here, the payment is $8,000 per year, the interest rate is 5% per year, and the number of periods is 14 years.
Plugging these values into the formula:
Future Value = $8,000 × ((1 + 0.05)^14 - 1) / 0.05
Future Value ≈ $153,365
Therefore, Eric will have saved approximately $153,365 immediately after he makes his final deposit.
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Explain one reason why a business may use social media to promote
Answer:
Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers
Explanation:
An advantage of online advertising over other forms of advertising is that is allows companies to
An advantage of online advertising over other forms of advertising is that it allows companies to reach a wider and more targeted audience.
With online advertising, companies can target specific demographics, interests, and behaviours of potential customers, using various digital marketing tools such as search engine optimization (SEO), social media marketing, pay-per-click (PPC) advertising, and email marketing. This targeting ability means that companies can reach people who are more likely to be interested in their products or services, resulting in higher conversion rates and more cost-effective advertising campaigns.
Online advertising also allows companies to track and measure the effectiveness of their campaigns more accurately. They can monitor key metrics such as impressions, clicks, and conversions in real-time, and make adjustments to their campaigns based on this data. This level of precision and flexibility is not possible with traditional advertising methods like print, TV, or radio advertising.
Overall, online advertising offers companies the ability to reach a more targeted audience, measure the effectiveness of their campaigns more accurately, and adjust their strategies in real-time, making it a highly effective and efficient form of advertising.
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terin, the chief human resources officer for a major financial services company, has met with each of her employees to set their objectives. now, terin expects the employees to:
Given that Terin's employees have set their objectives in the company, the next thing that Terin expects from these employees would be to develop action plans.
Option D is the correct answer to this question. The action plans are sets of strategies that the employees have laid out that would help them to achieve their goals and objectives.
In order to do this, they have to make up lists of the things that they want to achieve in the firm and also list the strategies that they would employee to achieve them.
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Production data for Joe's Pizza Parlor are as follows. For simplicity assume that labor is the only input. Each pizza sells for $5. Number of Workers Pizzas Baked Per Day 0 0 1 12 2 21 3 27 4 30 5 31 How many workers will Joe hire if he must pay each one $25 a day? Multiple Choice 3 2 W
Joe will hire 3 workers if he must pay each one $25 a day.
By observing the data provided, we can see that as the number of workers increases, the number of pizzas baked per day initially rises rapidly but then starts to exhibit diminishing returns. When Joe hires the first worker, 12 pizzas are baked. With each additional worker, the number of additional pizzas baked decreases. From the data, we see that the increase in pizzas baked from the first to the second worker is 9, from the second to the third worker is 6, from the third to the fourth worker is 3, and from the fourth to the fifth worker is only 1. Given that the cost of hiring an additional worker is $25 and each pizza sells for $5, Joe will only hire workers as long as the marginal revenue from selling additional pizzas exceeds the cost of hiring. In this case, the marginal revenue from selling additional pizzas is less than the cost of hiring an additional worker when moving from 3 workers to 4 workers. Thus, Joe will hire 3 workers.
Therefore, based on the production data and the cost of hiring workers, Joe's optimal choice would be to hire 3 workers to maximize his profit, as the marginal benefit of hiring a fourth worker would be lower than the cost associated with their wages.
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For new college students, the most important goal of higher education is:
A. meeting new people
B. becoming career-ready
C. exploring disciplines to find a major
D. participating in clubs and teams
Answer: I believe C is the answer.
Explanation: Sorry if it's wrong :C
For new college students, the most important goal of higher education is becoming career-ready. The correct option is b.
The most significant goal of higher education can differ from one student to the next. Other components, such as personal development or academic discipline exploration, may be prioritized by some students. For many incoming college students, though, getting career-ready is a primary aim that motivates their educational journey.
While meeting new people, researching subjects to select a major, and participating in organizations and teams are all important parts of the college experience, for many students, the main objective of higher education is preparing for their future jobs. Students can explore several career options and industries through higher education. Students can make educated choices about their future professional aspirations through academic guidance, career counseling, and exposure to numerous fields.
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How to treat someone very mean on their special day??
When I mean special day I mean
Mothers day
Birthday
Meeting
whoever answers the questions correctly and best I will mark them Brainly and will give them more points
Answer:
birthday
Explanation:
- give them a happy birthday card but glue the card shut
- give them a wrapped present but inside the box put nothing but glitter in it
Keira is excited that her favorite brand of running gear has released a new hoodie in the company’s trademark color. Keira probably has a strong ________blank with this company.
Keira is thrilled that her preferred brand of athletic apparel has introduced a new sweatshirt in the logo color of the business. Keira most likely has a positive brand association with this business.
An association between your brand and a concept, image, emotion, experience, person, interest, or activity is known as a brand association. Purchase decisions are significantly influenced by this association, which might be immediately favorable or unfavorable.
When a person thinks of a brand, brand associations—such as "soft" for Cottonelle or "athletics" for Nike—come to mind.
The brand association aids in recalling your company's name and distinctive features, such as those that set you apart from your rivals. The brand association offers clients ideas, images, and attitudes that can aid in the brand recall by developing familiarity and strengthening recognized traits.
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Question 9 of 10
3 Points
Suppose a merchant in a moneyless economy traded his goods for a large
amount of purple fabric. He intended to use the fabric to trade for other
goods in another location. While he traveled to the other marketplace,
however, a trade ship arrived with a large shipment of purple fabric. As a
result, the merchant was only able to trade his fabric for about half of what he
had expected it to be worth in return. This situation illustrates the need for
what aspect of the purpose of money?
A. Preservation of value
B. Unit of measure
C.Ease of exchange
D.Government endorsement
I NEED HELP PLEASE!!
Answer:
Preservation of value
Explanation:
One of the advantages of money over trade by barter or any other moneyless transaction is the time value of money.
Time value of money can be explained as the ability of money to preserve its value and even increase in nearest future due to its potential earning capacity.
It can be inferred from the given scenario that the purples fabrics has lost a significant value due to the surplus of supply in the market place as it could no longer achieve the original worth.
Answer:
A) Preservation of value!
Explanation:
This means preserving a value, the cost of things at one point and another, you want to preserve that value in order to get the most out of your payment.
company manufactures pillows. the operating budget was based on production of pillows, with machine-hours allowed per pillow. budgeted variable overhead per hour was . actual production for was pillows using machine-hours. actual variable costs were per machine-hour. calculate the following: a. the budgeted variable overhead for b. the variable overhead spending variance c. the variable overhead efficiency variance
a. The budgeted variable overhead is $468,750.
b. The variable overhead spending variance is $38,100 Favorable
c. The variable overhead efficiency variance is $30,000 Favorable
What is variable overhead?Variable overhead is a cost of running a business that varies with operational activity. Variable overheads rise and fall in lockstep with production output. Overheads, such as administrative overhead, are often a set cost.
The variable manufacturing overhead controllable variance reflects how effectively the company stuck to its budget. The difference between the planned fixed overhead at normal capacity and the standard fixed overhead for the actual units produced is the fixed factory overhead volume variance.
a. The budgeted variable overhead for 2017 = Budgeted hours * Variable overhead rate per hour
= (25000*0.75)*$25 = $468,750
b. Variable overhead spending variance = (SR - AR) * AH = ($25 - $23) * 19050 = $38,100 Favorable
c. Variable overhead efficiency variance = (SH - AH) * SR = (27000*0.75 - 19050) * $25 = $30,000 Favorable
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Expressway lane markings are of a different design and meaning as on other roadways. a) true b) false
The design and purpose of expressway lane markings differ from those on other roads. The given statement is True.
What is an Express lane?
Express Lanes are unused paths built in expansion to any existing general-purpose paths to supply drivers the choice of a more solid trip by paying a toll. Toll costs are set to oversee traffic and have fair the proper number of vehicles within the path to supply dependable, shorter travel time. On a few Express Lanes, tolls can change in cost depending on the level of blockage. As activity increments, the toll cost goes up to create sure the path continuously remains a free-flowing elective for travelers. Then again, the toll cost will diminish when there's less activity within the path. Drivers will continuously be charged the sum on the overhead signage when they enter the Express Lane.To know more about express lane markings visit:
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the assessment of a firm's financial condition and performance through calculations and interpretation of financial ratios developed from the firm's financial statements is called analysis.
The assessment of a firm's financial condition and performance through calculations and interpretation of financial ratios developed from the firm's financial statements is called financial ratio analysis.
Financial ratio analysis involves examining various financial ratios, which are calculated by comparing different financial figures from the firm's financial statements. These ratios provide insights into the firm's profitability, liquidity, solvency, efficiency, and other aspects of its financial performance.
Common financial ratios include profitability ratios (such as gross profit margin, net profit margin), liquidity ratios (such as current ratio, quick ratio), solvency ratios (such as debt-to-equity ratio, interest coverage ratio), and efficiency ratios (such as inventory turnover ratio, receivables turnover ratio).
By analyzing these ratios, financial analysts and stakeholders can gain a deeper understanding of the firm's financial strengths and weaknesses, identify trends and patterns, and make informed decisions regarding investment, lending, and management strategies.
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As described in the ten axioms for success, what issue is considered as being vital to promote trust as project managers from the perspective of know your team?.
Project managers need to motivate people to make wise decisions and share a common vision.
What are the works of Project managers?Planning and project management are managers' primary responsibilities. conforming to predefined reporting structures while leveraging any delegation and project assurance roles. Plans for the project, the stage, and the exception should be made and updated as necessary. Developing back-up plans is part of controlling project risks.
Project management is the practice of overseeing a team's activity to fulfill all project objectives within the predetermined constraints. The project documentation that is made at the start of the development process typically include explanations of these data. The three main ones are those related to scope, time, and budget.
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1 In what ways do we negotiate our own identities through communication? How do we do that as individual? As families? As societies?
Through communication, we can express our beliefs, values, and experiences, and participate in conversations that help to define who we are and how we see ourselves in relation to others.
As individuals, we negotiate our identities through the ways in which we present ourselves to others through language, nonverbal cues, and other forms of communication. For example, we may choose to highlight certain aspects of our personality or experiences in conversation, or we may choose to conceal certain information. The choices we make in our self-presentation shape how others perceive us and contribute to the formation of our personal identity.
In families, communication is a key factor in shaping and maintaining family dynamics and identity. Family members communicate and negotiate their roles, expectations, and relationships with one another, which helps to create a shared sense of identity and belonging. Family members may also engage in acts of communication that help to reinforce their shared values and cultural traditions, further solidifying their sense of family identity.
At the societal level, communication plays an important role in shaping and negotiating collective identities. Through media, political discourse, and other forms of public communication, individuals are exposed to and participate in conversations about shared cultural beliefs, values, and norms. These conversations shape our collective understanding of what it means to be part of a particular cultural or social group, and help to form a shared sense of identity.
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The free rider problem is a situation in which A. one agent secures benefits that others pay for B. all of the above. C. none of the above. D. there are excessive subsidies given to polluting buses or other forms of mass transit E. Effluents such as CFCs combine with ozone and decrease concentrations of that protective chemical F. perfect property rights exits
Answer:
b). one agent secures benefits that others pay for.
Explanation:
The free-rider problem is described as the problem when some individuals consume or take the benefit of a resource without paying for it. in this problem, one agent is being benefitted from the resources that the others are paying for. This creates a load on a shared resource and eventually causes market failure. In order to cope with this problem, the organizations must ensure a fair distribution of resources and their benefits as per the payment made by the agents. Therefore, option B is the correct answer.
The Staffing of an organization is considered part of which management function?
A. Organizing
B. Controlling
C. Planning
D. Leading
The Staffing of an organization is considered part of the Planning management function.
Here, correct answer will be C. Planning.
Staffing involves the selection and placement of personnel in positions to achieve organizational objectives. Planning is a key management function that helps to ensure that an organization has the right number of people in the right positions to meet its goals and objectives.
The planning process involves evaluating the current workforce, determining the needed skills and competencies of future employees, and designing the recruiting and selection processes to acquire the needed personnel. The planning process also involves developing job descriptions and job specifications to ensure that the right people are hired for the right jobs.
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influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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If the price index moves from 107 to 110, the rate of inflation is: Group of answer choices 3% 30% 28% 2. 8%
If the price index moves from 107 to 110, the rate of inflation is 2.8 %.The percentage change in inflation is then calculated by multiplying this by 100.Option D is correct.
Evaluating:Rate of inflation = 110 - 107 ÷107
= 0.0280 × 100 %
= 2.8 %
How is the rate of inflation determined by price index?The price index from the interest year is subtracted from the base year, and then the result is divided by the base year to determine inflation. The percentage change in inflation is then calculated by multiplying this by 100.
If inflation is too high, what happens?The consumer price index (CPI) is used to measure inflation, which maintains economic health at low rates. But when inflation rises quickly, it can have negative effects on the economy in the form of lower purchasing power, higher interest rates, slower economic growth, and other things.
Question incomplete:If the price index moves from 107 to 110, the rate of inflation is:
a. 3%
b. 30%
c. 28%
d. 2.8%
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Resource scientists aid in which of the following agricultural areas?
A.Banning pesticides such as DDT
B.Helping to create more effective seeds for withstanding floods
C.Assisting in agricultural colleges and universities
D.working in Washington D.C. to get farm legislation passed
The second approach, which contributes to the development of stronger seeds resistant to floods, is the best.
What is the main focus of agricultural scientists?Agricultural scientists are experts at examining farming practises and food production techniques to increase crop productivity and safety. An agricultural scientist conducts research to find novel and creative ways to raise the standard of food produced and supplied. The main issue that modern society has is flooding, which affects Assam state in India virtually yearly. Creating new seeds that can withstand floods is essential for society.
Agriculture research will encourage nations in converting to more wholesome food production techniques. New high-yield crop varieties are being created by scientists that need less herbicides and fertiliser. Such crops lessen the need for trading and expensive chemicals.
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Imagine that you performed a nail enhancement on a client and made a mistake—you cut living skin and injured them, you applied tips that were too wide or narrow, you soaked their hands too long in acetone, etc. How would you handle a situation like this that involved a disgruntled, injured, or very upset client? What would you do to try and appease the client, fix your mistake, and avoid losing future business from this client?
Answer: Personally I would offer a refund on the nails that they are currently getting, and or giving them a free nail appointment next time they come and make sure that all things are clean safe and ready to use for him/her next time him/she comes
Explanation:
Students in the new MBA class at a state university have the following specialization profile:
Finance—83
Marketing—36
Operations and Supply Chain Management—72
Information Systems—59
Find the probability that a student is either a finance or a marketing major. Are the events finance specialization and marketing specialization mutually exclusive? If so, what assumption must be made?
The events finance specialization and marketing specialization are not mutually exclusive because some students may have dual specializations.Assumption: If the events finance specialization and marketing specialization are mutually exclusive, the assumption made is that no student has dual specialization.
Given that,Students in the new MBA class at a state university have the following specialization profile:Finance—83 Marketing—36 Operations and Supply Chain Management—72 Information Systems—59 To find the probability that a student is either a finance or a marketing major, we will calculate the sum of the students in the Finance and Marketing specialization. Therefore, the probability of a student is either a finance or a marketing major isP(Finance or Marketing) = P(Finance) + P(Marketing)
= 83/250 + 36/250
= 119/250.
The events finance specialization and marketing specialization are not mutually exclusive because some students may have dual specializations.Assumption: If the events finance specialization and marketing specialization are mutually exclusive, the assumption made is that no student has dual specialization.
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Question 20 of 20
What do consumer protection laws protect?
OA. Your rights and privacy when making transactions
OB. Your credit score and credit card number
C. The rights and privacy of companies
D. Companies from consumers who make transactions
SUBMIT
Answer:
A your rights and privately when making a transaction
Which of the following best describes the NPV profile? A. graph of a projects NPV as a function of possible IRRs. B. A graph of a project's NPV over time C. A graph of a project NPV as a function of possible capital costs D. none of these statements is correct
A. A graph of a project's NPV as a function of possible IRRs. The NPV (Net Present Value) profile represents the relationship between a project's NPV and its internal rate of return (IRR).
It shows how the NPV changes at different discount rates (IRR) used to calculate the present value of future cash flows. The NPV profile helps in analyzing the feasibility and profitability of a project by identifying the range of discount rates that result in positive or negative NPV. It assists in determining the project's break-even point and provides insights into the project's risk and potential returns. Therefore, option A accurately describes the NPV profile.
The NPV profile demonstrates the relationship between a project's NPV and its internal rate of return (IRR). It displays the NPV values calculated using various discount rates (IRRs). The NPV is derived by discounting the project's expected cash flows to their present values using a given discount rate.
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what are some common tasks performed by Psychiatrists? (Select four options)
A administering first aid and life support care
B collaborating with other medical professionals
C maintaining patient information and records
D developing diagnostic imaging techniques
E prescribing, directing, or administering psychotherapeutic treatments or medications
F analyzing and evaluating patient data or test findings
Answer:
B, E and F and explanation I share you other thought about it
Explanation:
Psychiatrists are medical doctors who specialize in the treatment of mental health conditions. Some common tasks performed by psychiatrists include:
Conducting initial evaluations and assessments to diagnose mental health conditionsPrescribing and managing medications to treat mental health conditionsProviding individual, family, or group therapy to help patients manage their mental healthDeveloping and implementing treatment plans for patientsCollaborating with other healthcare providers to coordinate care for patientsProviding crisis intervention and support to patients experiencing mental health emergenciesConducting research to advance the field of psychiatry and improve treatment options for patients.A country wants to create a fair economy for its people. The government takes control over the country's biggest companies and puts groups of workers in charge. All citizens are encouraged to share the wealth produced in these companies equally, This situation best reflects the influence of which economic thinker? O A. Adam Smith O B. Karl Marx O C. John Maynard Keynes O D. Thomas Robert Malthus
Answer:
B). Karl Marx
Explanation:
Karl Marx is the economic thinker whose influence has been best reflected in the given situation as it talks about socialism which is the intermediate phase between capitalism and attaining full communism as per Marx. Socialism advocates collective pr governmental ownership and administration of the means of production and distribution of goods as mentioned in this situation. It is the foundation to communist society (Marx's proposed version of an ideal economy) where the people hold the ownership of distribution of resources collectively. Thus, option B is the correct answer.
16. Demographics are
Answer:
statistical data relating to the population and particular groups within it.
Explanation:
!!
C. F. Lee Inc. has the following income statement. How much after-tax operating income does the firm have?Sales $2,850.00Costs $1,850.00Depreciation $192.00EBIT $808.00Interest expense $285.00EBT $523.00Taxes (35%) $183.00Net income $339.95a. $427.78b. $450.29c. $473.99d. $498.94e. $525.20
The after-tax operating income of the firm is $498.94
The operating income is an important measure of a company's financial performance, as it reflects the amount of income generated from the company's core business activities, excluding any non-operating income or expenses.
To calculate the after-tax operating income of C. F. Lee Inc., we need to consider several factors, including sales, costs, depreciation, interest expense, taxes, and net income.
Starting with the net income of $339.95, we need to add back any non-operating expenses, such as interest expense, which was $285.00. This gives us an adjusted net income of $624.95.
However, this figure still includes the effects of taxes, which we need to subtract. In this case, taxes were $183.00, which means that the pre-tax operating income is $441.95.
Finally, to arrive at the after-tax operating income, we need to subtract the depreciation expense of $192.00. This gives us the final answer of $249.95, which is the after-tax operating income of C. F. Lee Inc.
So, the correct answer is d. $498.94.
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The trial balance of Watteau Co. does not balance.
WATTEAU CO.
TRIAL BALANCE
JUNE 30, 2014
Debit Credit
Cash $3,365
Accounts Receivable $3,726
Supplies 1,295
Equipment 4,295
Accounts Payable 3,161
Unearned Service Revenue 1,695
Common Stock 6,495
Retained Earnings 3,495
Service Revenue 2,875
Salaries and Wages Expense 3,895
Office Expense 1,435
Totals $16,341 $19,391
Each of the listed accounts should have a normal balance per the general ledger. An examination of the ledger and journal reveals the following errors.
1. Cash received from a customer on account was debited for $570, and Accounts Receivable was credited for the same amount. The actual collection was for $750.
2. The purchase of a computer printer on account for $995 was recorded as a debit to Supplies for $995 and a credit to Accounts Payable for $995.
3. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89.
4. A payment of $560 for telephone charges was recorded as a debit to Office Expense for $560 and a debit to Cash for $560.
5. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $820 was performed prior to June 30 (related to Unearned Service Revenue).
6. A debit posting to Salaries and Wages Expense of $1,165 was omitted.
7. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260.
8. A dividend of $1,070 was debited to Salaries and Wages Expense for $1,070 and credited to Cash for $1,070.
Prepare a correct trial balance.
A trial balance that does not balance means that there is an error somewhere in the company's bookkeeping system. There are many possible reasons why a trial balance may not balance, including errors in recording transactions, incorrect account balances, or missing transactions.
The trial balance is a statement of all the debit and credit balances in the accounts of a business at a given point in time. The purpose of the trial balance is to determine if the total debits equal the total credits, which would indicate that the company's bookkeeping system is accurate and in balance. If the debits do not equal the credits, there is an error somewhere in the accounting system that must be corrected.
To prepare a correct trial balance for Watteau Co., we need to examine the ledger and journal to identify and correct any errors. The errors identified are as follows:
1. Cash received from a customer on account was debited for $570, and Accounts Receivable was credited for the same amount. The actual collection was for $750.
2. The purchase of a computer printer on account for $995 was recorded as a debit to Supplies for $995 and a credit to Accounts Payable for $995.3.
3. Services were performed on account for a client for $890. Accounts Receivable was debited for $890 and Service Revenue was credited for $89.4.
4. A payment of $560 for telephone charges was recorded as a debit to Office Expense for $560 and a debit to Cash for $560.
5. When the Unearned Service Revenue account was reviewed, it was found that service revenue amounting to $820 was performed prior to June 30 (related to Unearned Service Revenue).
6. A debit posting to Salaries and Wages Expense of $1,165 was omitted.
7. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260.
8. A dividend of $1,070 was debited to Salaries and Wages Expense for $1,070 and credited to Cash for $1,070.
To correct these errors and prepare a correct trial balance, we need to make the following adjustments:
1. Cash should be debited for $750 and Accounts Receivable should be credited for $750 to correct the error in recording the cash receipt from the customer on account.
2. Supplies should be debited for $995 and Accounts Payable should be credited for $995 to correct the error in recording the purchase of the computer printer.
3. Accounts Receivable should be credited for $890 and Service Revenue should be credited for $890 to correct the error in recording the services performed on account for the client.
4. Office Expense should be credited for $560 and Cash should be credited for $560 to correct the error in recording the payment for telephone charges.
5. Service Revenue should be debited for $820 and Unearned Service Revenue should be credited for $820 to correct the error in recording the services performed prior to June 30.
6. Salaries and Wages Expense should be debited for $1,165 to correct the omission of the debit posting.
7. Cash should be credited for $206 and Accounts Payable should be credited for $206 to correct the error in recording the payment on account.
8. Dividends should be debited for $1,070 and Cash should be credited for $1,070 to correct the error in recording the dividend payment.
The corrected trial balance is as follows:
WATTEAU CO.TRIAL BALANCE JUNE 30, 2014
Debit-Credit Cash $4,375
Accounts Receivable $2,886
Supplies 1,295
Equipment 4,295
Accounts Payable 2,956
Unearned Service Revenue 875
Common Stock 6,495
Retained Earnings 3,495
Service Revenue 3,765
Salaries and Wages Expense 5,060
Office Expense 875
Totals $19,346$19,346
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4) Amortization Methods and Disposal of Assets [5] Mildred purchases computer equipment for $3,700.00 on March 9,2004 . She estimates that she will use it for three years, after which she hopes to sell it for $400.00. In the meantime, she will calculate amortization using the straight-line method. Assuming that Mildred's firm runs a one-year accounting period, which ends on December 31 : i) Show the entry that will be made on December 31,2004 to adjust for the amortization expense for the first year. (Use the nearest-whole month rule.) ii) Show the entry that will be made on December 31,2005 to adjust for the amortization expense for the second year.
They plans to use the straight-line method to calculate amortization. The accounting period for her firm ends on December 31 each year.
i) Entry on December 31, 2004, to adjust for the amortization expense for the first year:
Amortization expense = (Cost - Residual value) / Useful life
Amortization expense = ($3,700 - $400) / 3 years = $3,300 / 3 = $1,100
December 31, 2004, adjusting entry:
Debit Amortization expense $1,100
Credit Accumulated amortization $1,100
ii) Entry on December 31, 2005, to adjust for the amortization expense for the second year:
Since the equipment has a useful life of three years, we need to calculate the amortization expense for the second year.
Amortization expense = (Cost - Accumulated amortization - Residual value) / Remaining useful life
Accumulated amortization at the end of 2004 = $1,100
Amortization expense = ($3,700 - $1,100 - $400) / 2 years = $2,200 / 2 = $1,100
December 31, 2005, adjusting entry:
Debit Amortization expense $1,100
Credit Accumulated amortization $1,100
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What's a curling iron?
Answer:
A curling iron is a tool that is used on hair to create a tight or loose curl.
Can someone PLEASE PLEASE HELP ME WITH THIS!!!!!
Answer:
1. Consumer.
2. Producer.
3. Transportation.
4. Marketing.
5. Harvesting.
6. Processing.
7. Retail/food service.
Explanation:
Food supply continuum can be defined as a cycle of how livestock (animal products) moves from the producer to the consumers. The main goal of the food supply continuum is to safely provide quality animal products to the consumers.
Basically, the seven (7) steps or segments in the food supply continuum include the following;
1. The segment which is responsible for safe handling of the animal product (beef, pork, lamb) in their homes is the consumer.
2. The producer is responsible for raising a healthy animal.
3. The segment which carries the animal from the farm to the market is transportation.
4. The segment which sells the animal to the packer is marketing.
5. The segment which harvests the animal is harvesting. It involves the slaughtering of the animal.
6. The segment which processes the carcasses into retail cuts is processing.
7. The segment which involves a negotiator is the retail/food service.