Mr. Zai was the accounting manager at Scobi, a tire manufacturer, and he played golf with Mr. Naj, the CEO, who was something of a celebrity in the community. The CEO stood to earn a substantial bonus if Scobi increased net income by year-end. Mr. Zai was eager to get into Mr. Naj's elite social circle; he boasted to Mr. Naj that he knew some accounting tricks that could increase company income by simply revising a few journal entries for rental payments on storage units. At the end of the year, Mr. Zai changed the debits from "Tent expense" to "prepaid rent' on several entries. Later, Mr. Naj got his bonus, and the
deviations were never discovered.
Required:
(a) How did the change in the journal entries affect the net income of the company at year-end?
(b) Who gained and who lost as a result of these actions?

The Martin Company will have an annual depreciation expense of $15,000 for this machine.

The Martin Company purchased a machine at the beginning of the year for $75,000. They plan to depreciate the machine using the straight-line method over its useful life.

The straight-line method evenly distributes the cost of an asset over its useful life. To calculate the annual depreciation expense, we divide the cost of the machine by its useful life.

In this case, we need to know the useful life of the machine. Let's say the machine has a useful life of 5 years.

To calculate the annual depreciation expense, we divide the cost of $75,000 by the useful life of 5 years.

$75,000 / 5 years = $15,000

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The company will report a liability of $30,800 in its 2021 balance sheet and $26,600 in its 2022 balance sheet for this note.

The journal entry to record the acquisition of the tractor on January 1, 2021:

Tractor (Asset) $44,000

Cash (or Note Payable) $9,000

Note Payable $35,000

To calculate the interest expense for the years 2021 and 2022, we need to determine the interest on the note. The interest is calculated based on the outstanding balance of the note and the interest rate.

Year 2021:

Outstanding Balance (January 1, 2021) = $35,000

Interest Expense = Outstanding Balance * Interest Rate = $35,000 * 12% = $4,200

Year 2022:

Outstanding Balance (January 1, 2022) = $35,000

Interest Expense = Outstanding Balance * Interest Rate = $35,000 * 12% = $4,200

Therefore, the company will include $4,200 as interest expense in its 2021 and 2022 income statements for this note.

The liability reported in the balance sheet is the remaining balance of the note. We need to calculate the outstanding balance at the end of each year.

Outstanding Balance (December 31, 2021) = $35,000 - $4,200 (interest paid) = $30,800

Outstanding Balance (December 31, 2022) = $30,800 - $4,200 (interest paid) = $26,600

Therefore, the company will report a liability of $30,800 in its 2021 balance sheet and $26,600 in its 2022 balance sheet for this note.

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On January 1, 2021, Byner Company purchased a used tractor. Byner paid $9,000 down and signed a noninterest-bearing note requiring $35,000 to be paid on December 31, 2023. The fair value of the tractor is not determinable. An interest rate of 12% properly reflects the time value of money for this type of loan agreement. The company’s fiscal year-end is December 31. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)

Required:

1. Prepare the journal entry to record the acquisition of the tractor.

2. How much interest expense will the company include in its 2021 and 2022 income statements for this note?

3. What is the amount of the liability the company will report in its 2021 and 2022 balance sheets for this note?

The bal() function that is going to balance the loan after a period of 9 years would be  A. bal(108)

The question tells us that the loan balance would be calculated after the period of 9 years.

We have 12 months yearly in all of these 9 years.

Hence the function would be bal(12*9)

= bal(108)

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To calculate run rate, take your current revenue over a certain time period—let's say it's one month. Multiply that by 12 (to get a year's worth of revenue). If you made $15,000 in revenue for each month, your annual run rate would be $15,000 x 12, or $180,000.

Car Repair Shop Check Sheet Defect/Issue | Frequency of Occurrence Engine Problems Transmission Issues |Brake System Faults |Electrical Malfunctions |Suspension Troubles

Tire and Wheel Problems |Fluid Leaks |Exhaust System Defects |Air Conditioning Failures |Other Issues |In the above check sheet, you can list various common defects or issues that are encountered in the car repair shop. The employees or technicians can use this sheet to mark the frequency of occurrence for each issue by putting a checkmark or tally mark in the corresponding column.The check sheet serves as a visual representation of the frequency of different issues, allowing the shop to identify patterns and prioritize areas that require attention. It helps in gathering data systematically and provides a snapshot of the most common problems faced by customers.

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Answer:

The answer is C. E-commerce

Explanation:

E-commerce refers to the process of buying or selling products or services over the Internet. So i believe this is the answer to the question.

Buying and selling products online is called E-commerce. Hence, option C is appropriate.

Online purchasing and selling of products and services is known as e-commerce. Affiliate marketing strategies are also a possible part of the definition of an e-commerce firm. To increase online sales, you can leverage e-commerce platforms like your own website, a well-known retailer like Amazon, or social media.

E-commerce is the electronic purchase or sale of goods through online stores or the Internet. E-commerce, often known as electronic commerce, is the exchange of goods and services as well as the sending of money and data through an electronic network, most commonly the Internet. These business dealings can be either B2B (business-to-business), B2C (business-to-consumer), C2C (consumer-to-consumer), or C2B.

Online purchasing and selling of products and services is known as e-commerce. Tactics are another component of the concept of an e-commerce business.

Hence, option C is correct.

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The  journal entries are as follows: a. In 2020, the expenditures of patent research and registration cost will be incurred.

Dr Patent 11,200

Dr Research and development expense 49,600

  Cr Accumulated depreciation 6,400

  Cr Cash 54,400

b. Legal fees paid in 2021.

Dr Patent 4,800

  Cr Cash 4,800

c. Amortization expense in 2021.

Dr Amortization expense 607.50

 ($11,200/20 x 9/12) plus ($15,000/20 x 3/12) equals Cr Patent 607.50.

d. Amortization expense in 2022

Dr Amortization expense 750

  Cr Patent 750

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Even if Wanda printed all those labels, she still needs to let the customer know that some of the ingredients have changed. If she still decides to put the old label on the new treat.

Sustainability is a business approach to creating long-term value by considering how a particular organization functions in the environmental, social and economic environment. Sustainability is based on that developing these strategies enhances the company's life.

These results show that the factors that influence corporate sustainability include the following five factors: Shared leadership, innovation, economic factors, corporate governance, shared value creation.

Sustainable profitability of a business means that an organization provides services or products that are profitable and environmentally friendly. Companies that proactively plan for climate change achieve an 18% higher return on investment (ROI) than those that don't.

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false Hedging, or lowering risk, is the same as increasing the firm's value or return.

hedging to reduce the risk of currency loss. Foreign exchange risk is an unavoidable reality for businesses doing business in other countries, although hedging can help reduce the risk. By taking a contrary position in a comparable asset, the hedging technique seeks to reduce risks associated with financial assets.

A approach for reducing the risks associated with financial assets is hedging. It uses market tactics or financial instruments to reduce the risk of any unfavorable price changes. To put it another way, investors use a trade in another investment to protect one investment.

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The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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Answer:

Diversity refers to the fact that there are various ethnic or cultural groups within society. By using diverse marketing strategies, you appreciate this societal makeup with all of its different talents, needs, interests, and skills. It also means tolerating different preferences and ways of life — even in religious or sexual orientation.

Explanation:

Answer:

Technology.

Explanation:

As the definition is seen above, these qualities are directed towards technology. Technology has advanced produce and sales of goods and services a lot. It shows itself in fastening and making production easier. And also in different other forms that come as advertising, E-commerce, communication etc. Orders of certain goods are been sent thousands miles away from the producing country and are seen to be received safe and sound at the other end of the purchase country. Also adverts can be seen of a Chinese product in far away Africa through television commercials and also internet.

The correct answer is d, i.e. the central bank uses it's monetary policy to steer the economy away from recession and toward growth.

The central bank basically modifies the quantity of money, usually through open market operations, to conduct monetary policy. The basic reason for performing such policies is to reduce inflation, prevent unemployment, and keep long-term interest rates low.  In the monetary policy process, the open market activities include purchasing or selling government assets, adjusting the discount rate given to member banks, and revising the reserve requirement, which specifies how much money banks must keep on hand that isn't already spoken for loans.

Basically, the central bank is in charge of a country's monetary policy. It controls the currency of country, money supply and interest rates. The central bank typically supervises the commercial banks of a country.

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The ten axioms for success, the approach should be used to addresses a common source of project failure are plan, execute and action.

To avoid project failure, make perfect plan and strategy before execution the project.

The workplan provides the step-by-step instructions for constructing project deliverables and managing the project. You should use a prior workplan from a similar project as a model.

The scope creep is typically caused by key project stakeholder changing requirements or by internal miscommunication and disagreements in project deals.

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The correct option is Speaker B: I invest to get as much money as I can as quickly as I can. I'm not worried about losing money at all.is most likely to make the high-risk investment?

What is Investment?

Investment is the commitment of a resource to a long-term increase in value. Investment necessitates the loss of a current resource, such as time, money, or effort. In the world of finance, investing is done in order to profit from the asset being put to use.

Investments are defined as assets bought or invested in with the goal of increasing wealth and setting aside funds from salary or capital gains. The main goal of an investment is to generate additional revenue or to make money on the investment over a certain amount of time.

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Answer:

when you divide

Explanation:

Select the best answer for the question. B

1. You are operating an ice cream truck. Which of the following would you categorize as COGS?

A. Cost of the permit to operate the ice cream truck.

B. Cost of the ice cream, cones, and toppings.

C. Your salary.

D. Gas and maintenance costs.

Answer: correct option is A.

Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.

Stocks incur speculative risk. Therefore option A is correct.

A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.

Common stock and preferred stock are the two primary categories of stocks.

Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.

Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.

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Based on the given diagram, the area that represents the increase in producer surplus when the market price rises from P to P2 is the triangle B+D.  Producer surplus refers to the difference between the price at which a producer is willing to sell a good or service and the actual price they receive in the market.

In this case, as the market price increases from P to P2, the producers are able to sell their goods at a higher price, which leads to an increase in their surplus.

To calculate the increase in producer surplus, we need to look at the difference in the area of the triangles formed by the original producer surplus (triangle A+B+C) and the new producer surplus (triangle A+C+D+E) after the price increase. The difference between these two triangles is the area of the triangle B+D, which represents the increase in producer surplus.

In summary, the area that represents the increase in producer surplus when the market price rises from P to P2 is the triangle B+D.

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The firm's Economic Value Added (EVA) is $22,500, which corresponds to option "a" in the given choices.

To calculate the firm's Economic Value Added (EVA), we need to follow these steps:

Step 1: Calculate the firm's NOPAT (Net Operating Profit After Taxes)
NOPAT = EBIT x (1 - Tax Rate)
NOPAT = $300,000 x (1 - 0.40)
NOPAT = $300,000 x 0.60
NOPAT = $180,000

Step 2: Calculate the firm's total invested capital
Total invested capital = Total assets
Total invested capital = $1,500,000

Step 3: Calculate the firm's WACC (Weighted Average Cost of Capital)
WACC = After-tax cost of capital
WACC = 10.5%

Step 4: Calculate the firm's capital charge
Capital charge = Total invested capital x WACC
Capital charge = $1,500,000 x 0.105
Capital charge = $157,500

Step 5: Calculate the firm's EVA (Economic Value Added)
EVA = NOPAT - Capital charge
EVA = $180,000 - $157,500
EVA = $22,500

Hence, the correct option is a) $22500.

The complete question is:

GPD Corporation has operating income (EBIT) of $300,000, total assets of $1,500,000, and its capital structure consists of 40% debt and 60% common equity. Total assets equal total invested capital. The firm's after-tax cost of capital is 10.5% and its tax rate is 40%. The firm has 50,000 shares of common stock currently outstanding and the current price of a share of common stock is $27.00. What is the firm's Economic Value Added (EVA)?

a. $ 22,500

b. $ 87,575

c. $187,740

d. $450,000

e. $575,000

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a. An exogenous shock that increases the price of labor in the economy would shift the short-run aggregate supply (SRAS) curve to the left, leading to a decrease in output and an increase in the price level. In the long run, wages and prices adjust to the new equilibrium, and the economy returns to its potential output level. However, the price level remains higher than before the shock.

b. To keep output at its natural rate level, the central bank would need to increase aggregate demand by lowering interest rates, which shifts the AD curve to the right. This policy response can bring output back to its potential level, but it would also lead to a further increase in the price level in the short run due to the initial shock. In the long run, the impact on the price level is uncertain, as it depends on the degree to which the central bank's policy affects inflation expectations.

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True: Social shopping involves sending e-mails to specific customers about new products that may be of interest to them.

Social shopping is the use of social media by customers to share experience among themselves. This may even include the sending of e-mails to specific customers about new products that may be of interest to them.

Social shopping allow customers to discuss, share, and shop thereby sharing ideas among one another.

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Cadillac recognized it needed to revitalize its brand and attract different market segments. these are indications that cadillac's products were primarily in the Decline stage of the product life cycle.

A decline is a fall or descent and, in the product life cycle, the decline stage represents similar behavior for products. The decline stage in the product life cycle is when a product dissolves as a result of decreased or negative growth.

The introduction and growth stages provided the strength for the success of the product to this point, and with most products the decline stage is a result of lower demand, which ultimately results from new inventions and technology advancements.

For the company, profitability will decrease to a level at which it is no longer sensible to produce and distribute the product and production activities will cease.

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Answer:

bias

Explanation:

bias is the true anwer

The consumers likely to do if the price of the leading brand of orange juice increases, the consumers will substitute the leading brand of orange juice.

The word demand is specified as the desire of a user to buy products, as well as occupations. As in the demand, the users immediately pay the prices associated with them. As, economic process is also defined as the number of things the users are prepared for it.

When the prices of any products or the services are increases there are mainly one thing is there that the consumer will go for the other products, or they will be alternative as a substitute for the leading brand.

Therefore, As a result, the consumer will go for the other products as the prices will increase.

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Broker Bill must complete two 30-hour courses in his first renewal period for a total of 60 hours of post-license training. This could cause him problems if it's not done.

A licensee, though, is not able to remain a temporary broker indefinitely. A provisional broker who wants to become a full-fledged real estate broker must finish the necessary post-licensing courses within 18 months of receiving their original license.

You are, in essence, a broker whose license is in a provisional position. You are permitted to carry out all broker-related duties, but a broker-in-charge must keep an eye on you at all times. You can't work on your own.

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