Expropriation is best defined as the ________. Expropriation is best defined as the ________. transfer of ownership from private to public sector with compensation to private owners for their losses conversion of state-owned property to privately owned property with no compensation conversion of state-owned property to privately owned property likelihood of foreign government investment
Answers
Expropriation is best defined as the transfer of property's ownership from private to public sector, with compensation to private owners for their losses.
What is transfer of property?
When the ownership of a property, whether movable or immovable, is transferred from the hands of one party to another by a lawful agreement and consideration, it is known as a transfer of property.
Hence, option A states about transfer of property under expropriation.
Learn more about transfer of property here:
https://brainly.com/question/15409435
#SPJ1
Related Questions
Diamond Construction is an owner-managed entity with contracting revenues of $20 million in 2023. As
construction is a labour-intensive industry, one of Diamond's largest expense accounts is labour and wages. You
are a first-year auditor at Klein and Partners. You have been given the following information regarding the
entity's payroll process for hourly employees at Diamond Construction:
1. The owner-manager is the only person who can authorize the hiring of a new employee.
2. When a new employee is hired, the payroll clerk prepares a new employee package that includes:
• safety orientation
• tax forms
benefits plan enrolment
3. Only the payroll manager has the ability to update the employee master list. This can only be done once the
tax forms, a void cheque with direct deposit information, and the owner's approval have been received. All
forms need to be returned before the payroll manager will update the payroll master list and add any new
employees.
4. Hourly employees are paid biweekly.
5. Hours worked are tracked on time cards. Supervisors fill in the time cards for each individual day and
initial each of the time cards, noting the hours worked.
6. At the end of the pay period, time cards are provided to the payroll clerk, who compiles the total hours
worked and codes the hours to the appropriate job number. Once compiled, the payroll clerk enters the
hours worked per person in the payroll system.
7. The accounting system prepares the direct deposit information based on the rates of pay maintained in the
payroll master list (listing of all authorized staff and approved wage rates). It also calculates the
withholding taxes.
8. This information is transferred to the bank and a record of the transmission is printed and attached to the
front of the payroll run.
9. The payroll module is integrated with the general ledger. The payroll clerk prepares and posts the journal
entry to the payroll expense accounts.
pokies to provide a better browsing experience for all. By using this site, you agree to our use of cookies.
Disable Cookies
Accept
[3:04 PM, 8/3/2022] Fariya Idrees: 4. Hourly employees are paid biweekly.
5. Hours worked are tracked on time cards. Supervisors fill in the time cards for each individual day and
initial each of the time cards, noting the hours worked.
6. At the end of the pay period, time cards are provided to the payroll clerk, who compiles the total hours
+
worked and codes the hours to the appropriate job number. Once compiled, the payroll clerk enters the
hours worked per person in the payroll system.
7. The accounting system prepares the direct deposit information based on the rates of pay maintained in the
payroll master list (listing of all authorized staff and approved wage rates). It also calculates the
withholding taxes.
8. This information is transferred to the bank and a record of the transmission is printed and attached to the
front of the payroll run.
9. The payroll module is integrated with the general ledger. The payroll clerk prepares and posts the journal
entry to the payroll expense accounts.
10. Pay stubs with payroll details are given to the supervisors for distribution.
11. If an employee is terminated, Diamond just stops paying them as they no longer have time cards submitted.
12. When an employee has been promoted or their job classification has changed, the supervisor will verbally
communicate this to the payroll manager, who will then update the payroll master file. Therefore, source
documentation in employee files will only relate to an employee's original job classification. The rationale
for this was that most job classification changes would only result in an additional dollar or two per hour
paid to the employee.
Required
a. Identify the control strengths of the payroll process at Diamond Construction. For each strength, identify
what the test of that control could be.
b. Identify the control weaknesses of the payroll process at Diamond Construction. For each weakness,
identify the implications of the weakness and recommend how to improve it.
PLEASE ANSWER PART B ASAP THANKS YOU
Answers
Control weaknesses increase the risk of payroll errors, inaccurate payments, and potential fraudulent activities. It also undermines the integrity and reliability of the payroll process, which can impact employee morale and trust in the company.
1. Lack of segregation of duties: The payroll clerk has the ability to update the employee master list, compile total hours worked, and enter hours into the payroll system. This lack of segregation of duties increases the risk of errors or fraudulent activities going undetected.
2. Manual time card tracking: Supervisors fill in the time cards for each day and initial them, noting the hours worked. This manual process is susceptible to errors or manipulation.
3. Lack of documentation for job classification changes: When an employee's job classification changes, there is no source documentation in their employee file. This lack of documentation increases the risk of errors or misunderstandings regarding pay rates
Recommendations to improve the weaknesses: Diamond Construction should implement the following measures:
1. Segregate duties: Assign different individuals to handle tasks such as updating the employee master list, compiling hours worked, and entering hours into the payroll system. Implement a review process to ensure accuracy and detect any errors or irregularities.
2. Implement automated time tracking: Replace manual time card tracking with an automated system that accurately records and tracks employee hours. This will reduce the risk of errors and fraudulent time entries.
3. Document job classification changes: Establish a formal process to document and communicate job classification changes. Maintain accurate records of changes in employee files and ensure that payroll calculations are based on the correct job classifications.
for more questions on payroll
brainly.com/question/33550029
#SPJ8
Operation Managment: Answer the following question.
For this Organization like a Small manufacturing firm, Describe the
inputs, transformation process, and outputs of the production
system.
Answers
A small manufacturing firm's production system involves inputs, transformation processes, and outputs.
The inputs of the production system consist of various resources required for manufacturing, such as raw materials, labor, machinery, and energy. These inputs are essential for the transformation process to take place.
The transformation process refers to the activities and operations performed on the inputs to convert them into finished goods or products. It involves different stages, including design, planning, scheduling, procurement, production, quality control, and distribution. Each stage contributes to the overall transformation of inputs into desired outputs.
The outputs of the production system are the final products or services that are generated as a result of the transformation process. These outputs can vary depending on the nature of the manufacturing firm and its specific objectives. For a small manufacturing firm, the outputs may include tangible goods, such as automobiles, electronics, or furniture, as well as intangible services, such as repairs or customizations.
Overall, the production system of a small manufacturing firm involves the input of various resources, the transformation of these inputs through different stages, and the generation of outputs in the form of finished goods or services. This systematic approach ensures efficient and effective operations, meeting customer demands while optimizing resource utilization.
Learn more about transformation processe
brainly.com/question/32940988
#SPJ11
Which scenario is most likely to result when the Federal Reserve raises the reserve requirement?answer choicesMore money is required to be kept in banks to loan out to businesses, so they can invest in their companies.More money is required to be kept in the Federal Reserve banks, which increases the amount of money in circulation and stimulates the economyMore money is required to be kept in the Federal Reserve banks to make it available for loans to member banks in poor economic times.More money is required to be kept in bank reserves, and less is available to be loaned out to businesses to invest in the economy
Answers
When the Federal Reserve raises the reserve requirement, more money is required to be kept in bank reserves, and less is available to be loaned out to businesses to invest in the economy. (Option B)
What is the reserve requirement?The reserve requirement is the percentage of deposits that a bank must hold in reserve and not lend out. It is one of the tools that the Federal Reserve uses to manage the money supply and achieve its monetary policy objectives.
When the Federal Reserve raises the reserve requirement, it requires banks to hold a larger percentage of their deposits in reserve, which means that there is less money available for banks to lend out to businesses and individuals.
To know more about bank reserves, visit:
brainly.com/question/30002356
#SPJ4
the likelihood that a decision maker will ever receive a payoff precisely equal to the emv when making any one decision is:
Answers
The likelihood that a decision maker will ever receive a payoff precisely equal to the EMV when making any one decision is Low (near 0%).
A technological standard for smart payment cards, payment terminals, and ATMs that can accept them is the foundation of the EMV payment mechanism. The three businesses that developed the standard, "Europay, Mastercard, and Visa," are referred to as EMV.
EMV cards are smart cards, also known as chip cards, integrated circuit cards, or IC cards. These cards also include magnetic stripes for backward compatibility and store their data on integrated circuit chips. These comprise both contactless cards that can be read at a close range utilizing near-field communication technology as well as cards that need to be manually inserted or "dipped" into a reader.
To know more about EMV here-
https://brainly.com/question/17056362
#SPJ4
B. Reviewing Key Terms
Complete each sentence by writing the correct term in the blank.
15. When a bank borrows money from another bank, the interest rate it pays is called the
16. Ownership of more than one bank constitutes a
17. When a bank customer writes a check, the check will go through the process of
M
18. A bank's total assets minus its total liabilities make up its
19. Banks repay loans from the Federal Reserve at a rate of interest called the
Answers
The correct terms for the sentences in question are as follows:
15. When a bank borrows money from another bank, the interest rate it pays is called the Overnight rate.
16. Ownership of more than one bank constitutes a Bank Holding company.
17. When a bank customer writes a check, the check will go through the process of check clearing.
18. A bank's total assets minus its total liabilities make up its net worth.
19. Banks repay loans from the Federal Reserve at a rate of interest called the Federal`s funds rate.
Learn more about the Federal reserve Policy:
https://brainly.com/question/3468194
identify and explain two advantages to ruby of having part-time employees
Answers
Answer:
Explanation:
make the 4 to 8 and the 8 to 47 by addind
the following are to understand about demand patterns and their underlying causes, except: a. predictable cycle b. cyclical variations c. competitors demand d. random change
Answers
The answer is c. competitors demand. Understanding demand patterns and their underlying causes is important, with the exception of rival demand.
In a demand-driven value network (DDVN), demand pattern analysis is a new discipline within supply chain management (SCM) that analyses customer and demand data to more accurately estimate demand over a range of time frames.
Different values of the various characteristics, including base, slope, season, and noise, affect the service level and overall cost. These demand types include constant, seasonal, seasonal with growing trend, seasonal with declining trend, and seasonal with no trend.
Read more about demand patterns at
https://brainly.com/question/15170313
#SPJ4
For an FBLA-PBL member who is interested in running for a state or national
office, what FBLA-PBL activity would be the most likely to help them?
O A. Participate in the Institute for Leaders
B. Network with local business people
C. Participate in local community service
D. Compete at the National Leadership Conference
SUBMIT
Answers
Answer:A
Explanation: i did the test
john paints the exterior of his house and, as a result, his neighbor christine is able to sell her home for $5,000 more than she could have before. John's house painting:
Answers
In order for Christine to be able to sell, John provides a favourable externality.
Which positive externality is it?This happens when the usage of a good or its production results in a benefit to a third party. For instance:
You gain a personal benefit when you take education in. But, there are advantages for the rest of society as well. For instance, you can educate others, and as a result, they gain from your education. (A positive externality of consumption)
The benefit to society is higher than your personal advantage when there are positive externalities.
The Social Benefit > Private Benefit as a result of a positive externality Remember Private Benefit + External Benefit Equals Social Benefit
To know more about externality visit:
https://brainly.com/question/24233609
#SPJ1
A borrower goes to a lender, wishing to buy a house, the borrower promises to repay the lender $200,000 plus interest, agreeing to use the property as security for the debt. What two-party instrument does the borrower give the lender to create a lien on the property?
a)conveyance
b)deed of trust
c)mortgage
d)promissory note
Answers
The borrower gives the lender a mortgage to create a lien on the property. Therefore, the correct answer is c) mortgage.
A mortgage is a legal instrument that the borrower provides to the lender as security for the debt incurred when purchasing a property. It serves as a lien on the property, giving the lender the right to claim the property if the borrower fails to repay the loan. The mortgage document outlines the terms and conditions of the loan, including the repayment schedule, interest rate, and consequences of default.
A promissory note, on the other hand, is a separate document in which the borrower makes a promise to repay the loan amount plus interest. It does not create a lien on the property itself.
Conveyance refers to the act of transferring property ownership, which is not directly relevant to creating a lien.
A deed of trust is another type of instrument used in some jurisdictions, particularly in certain U.S. states, as an alternative to a mortgage. It involves three parties: the borrower, the lender, and a trustee who holds legal title to the property until the debt is fully repaid. While similar in function to a mortgage, the specific legal mechanisms may differ.
Therefore, the correct answer is c) mortgage.
To learn more about mortgage click here: brainly.com/question/31751568
#SPJ11
If this price is increased by %, what is the approximate percentage change in demand?
Answers
Price elasticity is a measure of how responsive the quantity demanded or supplied of a good is to a change in its price. It is computed by dividing the percentage change in quantity demanded (or supplied) by the percentage change in price.
Elasticity can be categorized into five broad groups: perfectly elastic, elastic, perfectly inelastic, inelastic, and unitary. A demand or supply is considered elastic if the elasticity is greater than one, which means that there is a high responsiveness to changes in price.
Unitary elasticity is when the percentage change in quantity demanded (or supplied) is equal to the percentage change in price.
Understanding price elasticity is crucial in economics as it helps determine the behavior of consumers and producers in response to changes in price.
To know more about Elasticity:
https://brainly.com/question/28790459
#SPJ4
Cms may eliminate any increase in payment due to the occurrence of selected post-admission complications, known as:.
Answers
Answer:Hospital Acquired Conditions
Explanation:
CMS may eliminate any increase in payment due to the occurrence of selected post-admission complications known as Hospital Acquired Complications.
What are hospital-acquired conditions?Illnesses that arise when a patient is in the hospital for another reason result in suffering from these conditions known as Hospital Acquired conditions.
To reduce the causes of these spreads, Hospitals have developed reduction programs that aim to promote hospitals to enhance patient safety by reducing the number of conditions associated with hospitalization of the patient.
These reduction programs help them to design better safety and security to restrict this kind of infection.
Learn more about Hospitals, here:
https://brainly.com/question/23946521
#SPJ2
The formula models the population of a us state, a, in millions, t years after 2000.
a. what was the population of the state in 2000?
b. when will the population of the state reach million?
Answers
The population of the state in 2000: was 24.2 million,
The population of the state reach a million: in 2003
What do you mean by population?In common parlance, a population is a distinct group of people who share a common citizenship, identity, or set of traits. A population is a sampling that is typical of a broader group of individuals (or even objects) that share one or more characteristics.It is a collection of members of the same species that can procreate together and occupy a specific space during a certain amount of time. Community It is an amalgamation of many populations in a specific location that displays trophic linkages that facilitate interaction and interdependence.It could be a collection of people, things, occasions, organizations, etc. To make inferences, use populations. population in Figure 1. A population can be all the students at a particular school. All of the pupils enrolled at that school at the time of data collection would be included.a. what was the population of the state in 2000?
in 2000, t=0
so,
A = 24.2 * e.0775*0 million = 24.2 million
Answer= 24.2 million.
b. when will the population of the state reach a million?
31.4 = 24.2 e.0775*t
0075*t=ln(31.4/24.2)
t= 3.3
Hence, the answer = is 2003
To learn more about population, refer to:
https://brainly.com/question/25896797
#SPJ4
Using the _____ would be least expensive for the borrower when determining the total amount to be paid to the lender.a. simple interest methodb. add-on interest methodc. discount methodd. sum-of-the-digits methode. average loan balance method
Answers
Using the a) simple interest method would be least expensive for the borrower when determining the total amount to be paid to the lender.
This method calculates interest on the principal amount alone, rather than including the interest that has already accumulated. As a result, the borrower pays less overall compared to other methods such as add-on interest, discount method, sum-of-the-digits method, and average loan balance method.
The add-on interest method involves adding the total interest to the principal and then dividing the sum by the number of payments. The discount method involves subtracting the interest from the principal and then paying back the loan in equal installments. The sum-of-the-digits method allocates interest charges based on a fraction, with the denominator equal to the sum of the digits in the number of payments. Finally, the average loan balance method calculates interest on the remaining balance of the loan, which decreases over time.
In summary, the simple interest method is the least expensive for the borrower because it only charges interest on the initial principal amount, resulting in lower overall payments.
Therefore, the correct answer is a. simple interest method.
Learn more about add-on interest method here: https://brainly.com/question/31423148
#SPJ11
True or False. A stockbroker is always required to act in a client's best interests and is held to a fiduciary standard.
Answers
Answer: true
Explanation:
abby co. allows each employee two weeks of paid time off during each calendar year. since employees are working for 50 weeks, rather than 52 weeks, abby must accrue the paid time off during the 50 weeks that the employees work. the year-end adjusting entry is recorded as a credit to the ________- account.
Answers
the year-end adjusting entry is recorded as a credit to the Holiday Pay account.
What is journal entry?A journal entry is also known as a double entry which records the transaction of a company in a given period of time. Journal entry is the first step of accounting, after posting journal entries of transactions, trial balance is made which helps out in preparing of income statement and balance sheet.
Employees are paid for the days off. In the case scenario given in the question employee at Abby Co. are given two weeks off for which they need to book an accounting entry. The accounting entry will have impact on holiday pay account Being credited and salary expense account to be debited. The entry will be recorded at the year end in accounts to record the expense that is salary paid to the employee for the weeks off.
Learn more about journal entries at https://brainly.com/question/27012933
#SPJ1
Jessica has contributed $10,000 of her personal funds to expand her business. How will it affect the accounting equation?.
Answers
The accounting equation will be as: Assets ↑ (10,000) = Liabilities + Owners’ Equity ↑ (10,000).
What is the complete accounting equation?In the basic accounting equation, assets are equal to the sum of liabilities and equity. The accounting formula is Assets = Liabilities + Equity. To finance your purchases, you either use capital or debt, thus both sides of the equation must be equal.
Why is a financial equation important?One of the accounting equation's main benefits is that it provides a quick way to verify the accuracy of your bookkeeping. It also helps in figuring out how successful your business is. Are your liabilities significantly greater than your assets?
To know more about Accounting Equation visit:
https://brainly.com/question/14689492
#SPJ4
The monetary policy of jaune is controlled by the country's central bank known as the bank of jaune. the local unit of currency is the jaunian dollar. aggregate banking statistics show that collectively the banks of jaune hold $220 million of required reserves, $55 million of excess reserves, have issued $5,500 million of deposits, and hold $440 million of jaunian treasury bonds. jaunians prefer to use only demand deposits and so all money is on deposit at the bank.
Answers
The value of the money supply after banks adjust to the change in the reserve requirement is $6,875 million (option b)
Required Reserves = 220million
Excess Reserves = 55 million
Deposits = 5,500 million
In hold = 440 millions
Tazians prefer to use only demand deposits
and the bank has all of the money on deposit. Thus, the amount of money in circulation is 0.
Reserve Requirement = Required Reserves/deposit
=220/5500
=4%
Currency deposit ratio = 0%
Excess reserves to deposit ratio
= Excess Reserves / Deposits
= 55 /5,500
= 1%
Monetary base = Currency in circulation + Required reserves + Excess reserves
= 0 +220 + 55 = 275 million
If the Bank of Tazi changes the reserve
need ratio to 3% while maintaining the same level of excess reserves
Therefore total reserves Required = 3% + 1%
= 4%
Money Multiplier = 1 divide by 0.04 = 25
Therefore Money Supply = Monetary Base * Money Multiplier = $275 * 25
= $6,875 million
To learn more about monetary policy
https://brainly.com/question/29694955
#SPJ4
The complete question is given below
The Monetary Policy of Jaune is controlled by the country's central bank known as the Bank of Jaune. The local unit of currency is the Jaunian dollar. Aggregate banking statistics show that collectively the banks of Jaune hold $220 million of required reserves, $55 million of excess reserves, have issued $5,500 million of deposits, and hold $440 million of Jaunian Treasury bonds. Jaunians prefer to use only demand deposits and so all money is on deposit at the bank.
Refer to Scenario 29-1. Suppose that the Bank of Jaune changes the reserve requirement to 3 percent. Assuming that the banks still want to hold the same percentage of excess reserves what is the value of the money supply after banks adjust to the change in the reserve requirement?
a.
$7,175 million
b.
$6,875 million
c.
$7,875 million
d.
$1,375 million
evaluate joint initiative on priority skills acuisitions (jipsa)
Answers
1. Which of the following BEST defines a down payment?
1. A down payment is a portion of the purchase price that increases the loan amount.
2. The down payment is the good faith escrow deposit.
3. A down payment is a portion of the purchase price that reduces the loan amount.
4. The down payment is the total amount borrowed for purchasing or leasing a car.
Answers
Answer:
3
Explanation:
It has to be this one because it is intial payment to help someone.
Which type of bankruptcy leaves your credit report sooner?
Answers
have a great day!
a dollar today is worth more than a dollar tomorrow if the interest rate is positive.
a. true b. false
Answers
Answer:
a. true
Explanation:
a dollar today is worth more than a dollar tomorrow if the interest rate is positive.
a. true
A local toy manufacturer is using a production line that runs 8 hours per day and produces a toy that requires a total of 7 tasks to be performed. The
daily demand is 100 toys. Times of the tasks are 2. 73, 2. 01, 02. 13, 2. 0, 2. 61, 2. 71, and 2. 95 minutes for A, B, C, D, E, F, and G, respectively. However,
due to the nature of the product there are precedence rules that must be observed. Such that Task A does not need any predecessors; task B requires
task A to be completed. To start task C and task D, each require task B to be completed. Task C must be completed prior to stating task E. Task F
needs both task D and task Eto be completed. Finally, task G can start only once task Fis completed.
Given we apply the most remaining tasks rule for balancing the assembly line, with ties broken according to longest task time first, the tasks that will
be assigned to the THIRD workstation are
O a. None is the correct answer
O b. B, C, and D
OCD and F
O d. Donly
O e. E only
Answers
The tasks that will be assigned to the THIRD workstation, following the most remaining tasks rule with ties broken according to longest task time first, are C and D.
To determine the tasks assigned to each workstation, we follow the precedence rules and consider the remaining tasks after each task is assigned. Based on the given information, we have the following precedence relationships:
Task A has no predecessors.Task B requires Task A to be completed.Task C and Task D require Task B to be completed.Task C must be completed prior to starting Task E.Task F needs both Task D and Task E to be completed.Task G can start only once Task F is completed.Using the most remaining tasks rule, we start with the first workstation and assign Task A. Then, we move to the second workstation and assign Task B. Now, for the third workstation, we consider the remaining tasks after Task B is completed. The remaining tasks are C, D, E, F, and G. Applying the tie-breaking rule, we select the longest task time first, which is Task D (2.61 minutes). Therefore, the tasks assigned to the THIRD workstation are C and D.
learn more about precedence relationships here:
brainly.com/question/13365011
#SPJ11
20 POINTS AND WILL GIVE BRAINLY
PLS ANSWER
Answers
red envelope partnership distributes cash of $20,000 and land with a basis of $10,000 and a fair market value of $40,000 to khadij, whose outside basis in red envelope is $50,000. what is khadij's basis in the land and remaining basis in the partnership after this operating distribution?
Answers
$5,000 basis in land and $0 basis in partnership
Reason: Khadij first reduces her basis in the partnership by the money, leaving only $5,000 of basis to be allocated to the land. Her partnership basis is thus reduced to $0.
What is partnership?An agreement between two or more people to manage a business' operations and divide its assets and liabilities is known as a partnership.All partners in a general partnership corporation split the company's assets and debts equally.Lawyers and other professionals frequently create limited liability partnerships.A partnership may have tax advantages over a corporation.A partnership, broadly speaking, can be any project that several people undertake together. Governments, charitable organizations, businesses, or private persons may be the parties. A partnership's objectives can also differ greatly.The three primary types of partnerships are general partnerships, limited partnerships, and limited liability partnerships when referring to a for-profit endeavor carried out by two or more people.All partners in a general partnership are equally liable financially and legally. The debts that the partnership incurs are personally liable to the individuals. Equal shares are also given to profits. In a partnership agreement, the mechanics of profit sharing will almost definitely be spelled out in writing.
To learn more about partnership, refer to
https://brainly.com/question/25012970
#SPJ4
Why do you think it is important to understand GDP?
Answers
Suppose that at first price of bag of coffee is $10 and the price of a box of tea is $6. Then, the price of a bag of coffee changes to $20 and the price of a box of tea changes to $14. What has happened the money prices and relative prices of these two goods?
Answers
The money prices and relative prices of the two goods have changed as follows: Money prices, Relative prices.
The price of a bag of coffee has increased from $10 to $20, indicating a rise in its money price.
The price of a box of tea has increased from $6 to $14, also indicating a rise in its money price.
Relative prices: The relative price of coffee in terms of tea can be calculated by dividing the price of coffee by the price of tea at each point:
Initially, the relative price of coffee was $10 / $6 = 1.67.
After the price changes, the relative price of coffee becomes $20 / $14 = 1.43.
The relative price of coffee has decreased, indicating that coffee has become relatively cheaper compared to tea.
In summary, the money prices of both goods have increased, but the relative price of coffee has decreased. This implies that the price increase of coffee has been relatively smaller compared to the price increase of tea.
Learn more about prices here:
https://brainly.com/question/15072414
#SPJ11
PLEASE HELP
Select the two statements about owners of equity in a business that are TRUE.
Question 6 options:
A Partner owns equity.
Contractors own equity.
All stakeholders own equity.
Founders own equity.
Answers
Considering the equity ownership analysis, the two statements about owners of equity in a business that is TRUE include "A Partner owns equity and Founders own equity."
What is Owners Equity?Owners Equity is a business term that is used to describe the right of the owners to the business assets after the liabilities are removed.
Given that owners' equity relates to the business's assets, then it is concluded that the founders and partners of the business own equity.
Hence, in this case, it is concluded that the correct answer is options A and D.
Learn more about Owner's Equity here:https://brainly.com/question/1166326
VIVIAN'S REPAIR CO. WORKSHEET Adjustn 4. Ore b. सhepain P4-3B. Using the following trial balance and adjustment data for Vivian's Repair Co, of Windsor, prepare: 1. A worksheet for October 2. An income statement for October, a statement of owner's equity for October, and a balance sheet as of October 31,2022 Comprehensive problem - 0 (60 min) Check Figure Net Income $13,553.92 Adjustment Data a. One quarter of the prepaid insurance has expired. b. Repair supplies on hand, $795. c. Depreciation on repair equipment is based on the straight-line approach, with a 10-year life and a residual value of $1,200. d. Depreciation on building is also straight-line, 50 -year life, and no residual value. e. Wages eamed but unpaid amounted to 76 hours at $1$ per hour at month-end.
Answers
Vivian's Repair Co. Worksheet Adjustn 4, Ore b, Shepain P4-3B is a comprehensive problem that requires a worksheet for October, income statement for October, statement of owner's equity for October, and a balance sheet as of October 31, 2022.
The following is a worksheet for October.
Adjustment Data for the Worksheet:
a. One quarter of the prepaid insurance has expired.
$3,000 × 1/4 = $750 Expired Insurance
b. Repair supplies on hand, $795.
Repair Supplies = $5,715 - $795
= $4,920
c. Depreciation on repair equipment is based on the straight-line approach, with a 10-year life and a residual value of $1,200.
Depreciation = (Equipment Cost - Residual Value) / Life-span
Depreciation = ($21,000 - $1,200) / 10 = $1,980
d. Depreciation on the building is also straight-line, 50-year life, and no residual value.
Depreciation = (Building Cost) / Life-span
Depreciation = ($280,000) / 50 = $5,600
e. Wages earned but unpaid amounted to 76 hours at $1 per hour at month-end.
Accrued Wages = 76 hours × $11 = $836
Then, we can fill out the worksheet:
1. Adjusted Trial Balance:
2. Income Statement for October:
3. Statement of Owner's Equity for October:
4. Balance Sheet as of October 31, 2022:
Therefore, the net income is $13,553.92.
To know more about income statement
https://brainly.com/question/28936505
#SPJ11
Find the speed v, in miles per hour, that will minimize costs on a 105-mile delivery trip. The cost per hour for fuel is C dollars, and the driver is paid W dollars per hour. (Assume there are no costs other than wages and fuel. Round your answer to one decimal place.)
Fuel cost: C = v2/400
Driver: W = $7.80
v = mph
Answers
The speed that will minimize costs on a 105-mile delivery trip is approximately 28.0 mph (miles per hour).
Given,
Cost per hour for fuel: C = v²/400
Driver wages per hour: W = $7.80
Distance travelled: d = 105 miles
For the given conditions, the total cost (TC) for delivering a distance d is given as follows:
Total Cost, TC = Driver cost + Fuel cost
Total Cost, TC = W x time + C x distance/v
Total Cost, TC = 7.8 x time + v²/400 x (d/v)
where, time taken to deliver the distance d = d/v
Equating the derivative of TC with respect to v to zero, we obtain:
dTC/dv = -7.8 + (vdC/dv - C)d/dv (d/v) = 0
On solving the above equation, we obtain the value of v that will minimize the cost, as:
v = 20 x √(C/7.8)
On substituting the given values, we get:
v = 20 x √(v²/3120)
Squaring both sides, we obtain:
v² = 400 x (v²/3120)
On solving the above equation, we get:
v ≈ 28.0 mph (rounded to one decimal place)
Therefore, the speed that will minimize costs on a 105-mile delivery trip is approximately 28.0 mph (miles per hour).
To learn more about speed, visit: https://brainly.com/question/19915685
#SPJ11