Key ideas when starting a business are:
A plan without action is futile.
Believe in yourself and your abilities.
An organization or enterprising entity that conducts business, industrial, or professional operations is referred to as a business. Businesses can be either for-profit corporations or nonprofit institutions.
Using your action plan, you can map out strategies and preliminary steps toward achieving long-term objectives. It helps you identify your goals, their due dates, and the steps required to reach them. This enables you to focus all of your efforts on your current duties.
Have faith in yourself since you must succeed in any business activity for it to be successful. As our organization grows, it is better to be cautious. But entrepreneurs that are prepared to take chances in order to grow their business also start to have faith in themselves.
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Question 2. (6)
Briefly explain why Investors, Competitors and Suppliers take interest in
accounting information related to a business. (Please include examples)
Answer:
They like googIe
Explanation:
Knapp Industries began business on January 1, 2018 by issuing all of its 1,550,000 authorized shares of its $1 par value common stock for $30 per share. On June 30, Knapp declared a cash dividend of $1.25 per share to stockholders of record on July 31. Knapp paid the cash dividend on August 30. On November 1, Knapp reacquired 310,000 of its own shares of stock for $35 per share. On December 22, Knapp resold 155,000 of these shares for $41 per share.
Required:
a. Prepare all of the necessary journal entries to record the events described above.
b. Prepare the stockholders' equity section of the balance sheet as of December 31, 2018 assuming that the net income for the year was $8,000,000
The video title refers to a pay cut for the CEO. What prompted the board of directors to take this action
The thing that resulted in the board of directors taking the action regarding the pay cut for the CEO is due to A. Unethical actions in regard to a whistleblower's identity.
A whistleblower simply means an individual who can also be an employee for an organization or a government agency that discloses information to the public for wrongdoing.
Based on the complete information, it should be noted that the information illustrated was about Barclay's case study. Based on the information, the pay cut for the CEO wasn't due to the investigation by the Financial conduct authority but rather, due to unethical actions in regard to a whistleblower's identity.
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what makes the news true and accurate
The news is considered true and accurate when it is based on facts and evidence. This means that the sources used to create the news must be reliable and trustworthy.
News reporters and journalists must verify the information they receive from their sources to ensure that it is accurate before they publish or broadcast it. They must also use multiple sources to confirm the information they receive.
In addition, news must be presented in a balanced and impartial way. This means that reporters should not have any biases or prejudices that affect the way they report the news. They must also present both sides of a story to give their audience a complete picture of what is happening.
Another important aspect of accurate news is the use of language. News reporters must use language that is clear and concise, avoiding any exaggeration or sensationalism. They must also avoid using inflammatory language or making unfounded claims.
Finally, news organizations must have a strong ethical code that guides their reporting. This code should include principles such as accuracy, impartiality, fairness, and transparency. By following these principles, news organizations can ensure that their reporting is true and accurate.
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Visit two (2) different companies in Ghana with opposing pay-out policies (where one pays low and the other pays high). Find out from their respective Managements some real-world factors influencing their choice of pay-out policy.
NB: Please visit the companies and do NOT copy from the textbook as this will compel the examiner to mark you down.
The factors can vary greatly depending on the company and the industry they operate in. It's important to note that there are often many complex factors at play when it comes to a company's pay-out policy.
Some factors that could influence a company's pay-out policy include:
Industry norms: companies may follow the pay-out policies of other companies in their industry to remain competitive and attract top talentFinancial performance: a company's financial performance and available cash reserves can impact their ability to pay high salaries or offer generous bonusesOrganizational culture: some companies may prioritize employee satisfaction and morale, leading to higher pay-outs, while others may prioritize cost-cutting measuresBusiness strategy: a company's long-term business strategy, such as plans for expansion or diversification, may impact their pay-out policiesGovernment regulations: laws and regulations surrounding labor and compensation may influence a company's pay-out policiesTo learn more about Managements, here
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To save time, try a test solution after your first interview
Imagine that a country has 170.2 million people employed, 12 million people unemployed, and 4.3 million people in prison. what is the country's unemployment rate?
Imagine that a country has 170.2 million people employed, 12 million people unemployed, and 4.3 million people in prison. What is the country's unemployment rate? [(12) ÷ (12 + 170.2)] × 100 = 6.6%.
being engaged. job; occupation; profession; work. Number or percentage of employees. Employment is defined as what you do as paid work. An example of employment is working in a coffee shop.
Employers hire workers. The form of employment is employment. More specific use of employment is as a noun meaning employment or service. This meaning of the word is most often used in phrases such as employment.
Being employed means someone has given you a job. Since this is passive, we use "of" (eg. Stephen's father hired me last week = I was Employed by Stephen's Father last week).
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Tax-Sheltered Returns. Ashley Travis, of Harrisburg, Illinois is in the 25 percent marginal tax bracket and is considering the tax consequences of investing $2,000 at the end of each year for 30 Years in a tax-sheltered retirement account, assuming that the investment earns 8 percent annually.
(A) How much will Ashley's account total over 30 years if growth in the investment remains sheltered from taxes?
(B) How much will the account total if the investments are not sheltered from taxes (Hint: Use Appendix A-3 or the Garman/Forgue companion website)
Ashley's account will total approximately $19,570.09 after 30 years if growth in the investment remains sheltered from taxes, and the investments are not sheltered from taxes is $12,225.87.
To calculate the total amount in Ashley's account after 30 years if growth in the investment remains sheltered from taxes, we can use the formula for compound interest;
A = P × \((1+r)^{n}\)
Where; A = Total amount in the account after n years
P = Initial investment amount ($2,000)
r = Annual interest rate (8% or 0.08)
n = Number of years (30)
Plugging in the values, we get;
A = $2,000 × (1 + 0.08)³⁰
Now, we can calculate the value of A;
A = $2,000 × (1.08)³⁰ ≈ $19,570.09
So, Ashley's account will total approximately $19,570.09 after 30 years if growth in the investment remains sheltered from taxes.
To calculate the total amount in Ashley's account after 30 years if the investments are not sheltered from taxes, we need to account for the taxes on the investment returns. Since Ashley is in the 25% marginal tax bracket, she will pay taxes on the investment returns at a rate of 25%.
Let's, calculate the annual compounded interest on the investment without considering taxes;
Annual interest without taxes = P × r
Annual interest without taxes = $2,000 × 0.08 = $160
Calculate the taxes on the annual interest at a rate of 25%:
Taxes on annual interest = Annual interest without taxes × Tax rate
Taxes on annual interest = $160 × 0.25 = $40
Therefore, Net annual interest = Annual interest without taxes - Taxes on annual interest
Net annual interest = $160 - $40 = $120
Calculate the total amount in the account after 30 years with taxes using the net annual interest;
Total amount with taxes =\((P+ Net annualinterest)^{n}\)
Total amount with taxes = ($2,000 + $120)³⁰
Using a calculator, we can calculate the value of the total amount with taxes;
Total amount with taxes = ($2,000 + $120)³⁰ ≈ $12,225.87
So, Ashley's account will total approximately $12,225.87 after 30 years if the investments are not sheltered from taxes.
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Record the issuance of 70,000 shares of $4 par value common stock assuming the shares sell for $4 cash per share.
The appropriate entry to record the issuance of 70,000 shares of $4 par value common stock is : Debit Cash $280,000, Credit Common stock, $4 par value $280,000.
What is journal entry?Journal entry is used by companies or organization to post their day to day business transaction.
Based on the given information the appropriate journal entry to record the issuance of share is:
Debit Cash $280,000
Credit Common stock, $4 par value $280,000
($70,000 × $4)
( To record the issuance of shares)
Therefore the entry is Debit Cash $280,000, Credit Common stock, $4 par value $280,000.
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Outline and describe the different forms of Communication and further explain how they are important in an organization. Provide practical example to support your discussion.
La comunicación desempeña un papel fundamental en el funcionamiento de una organización, ya que permite la transmisión de información, ideas, instrucciones y retroalimentación entre los miembros del equipo. Existen varias formas de comunicación que se utilizan en un entorno organizacional. A continuación, describiré algunas de las formas más comunes:
Comunicación verbal: Es el uso de palabras habladas para transmitir información. Puede ser en forma de reuniones, conversaciones cara a cara, llamadas telefónicas o videoconferencias. La comunicación verbal es rápida y permite una interacción directa entre las personas, lo que facilita la clarificación de dudas y la resolución de problemas en tiempo real. Por ejemplo, durante una reunión de equipo, los miembros pueden discutir ideas, compartir actualizaciones y tomar decisiones conjuntas.
Comunicación escrita: Implica el uso de palabras escritas para transmitir información. Esto incluye correos electrónicos, mensajes de texto, informes, memorandos y documentos formales. La comunicación escrita es útil cuando se requiere un registro permanente de la información y proporciona la oportunidad de revisar y editar antes de enviar el mensaje. Por ejemplo, un gerente puede enviar un correo electrónico detallando las metas y objetivos del proyecto a su equipo para asegurarse de que todos estén al tanto de las expectativas.
Comunicación no verbal: Se refiere a la transmisión de información sin el uso de palabras. Incluye gestos, expresiones faciales, lenguaje corporal y tono de voz. A menudo, la comunicación no verbal puede transmitir emociones y actitudes que pueden complementar o contradecir el mensaje verbal. Por ejemplo, durante una presentación, el lenguaje corporal de un orador puede transmitir confianza y entusiasmo, lo que refuerza su mensaje.
Comunicación formal: Se lleva a cabo a través de canales oficiales y estructurados dentro de la organización. Esto incluye comunicaciones descendentes, como anuncios y políticas de la gerencia hacia los empleados, así como comunicaciones ascendentes, como informes de estado y retroalimentación de los empleados hacia los superiores. La comunicación formal es importante para establecer líneas claras de autoridad y responsabilidad, así como para garantizar la coherencia en la información transmitida.
Comunicación informal: Se produce a través de interacciones sociales no estructuradas entre los miembros de la organización. Esto puede incluir conversaciones informales en el lugar de trabajo, interacciones en las pausas para el café o discusiones en grupos de chat en línea. La comunicación informal es valiosa para fomentar la camaradería, construir relaciones y facilitar el intercambio de ideas no convencionales. Por ejemplo, en un entorno de trabajo abierto, los empleados pueden compartir ideas innovadoras durante una conversación informal en la sala de descanso.
La importancia de estas formas de comunicación en una organización radica en que permiten la colaboración efectiva, la toma de decisiones informada, la resolución de problemas, la coordinación de tareas y la creación de un ambiente de trabajo positivo. Una comunicación clara y efectiva evita malentendidos, reduce los errores, mejora la productividad y fortalece la cohesión del equipo.
Un ejemplo práctico podría ser una empresa de desarrollo de software. En este caso, la comunicación verbal sería esencial para que los miembros del equipo discutan los requisitos del proyecto, compartan actualizaciones diarias y resuelvan problemas en las reuniones diarias de puesta al día (stand-up meetings). La comunicación escrita sería crucial para documentar los requisitos, especificaciones técnicas y cronogramas del proyecto, así como para enviar correos electrónicos y mensajes de chat con actualizaciones y solicitudes de retroalimentación. La comunicación no verbal también tendría un papel importante, ya que el lenguaje corporal y las expresiones faciales en las reuniones ayudarían a transmitir confianza y apoyo entre los miembros del equipo. En cuanto a la comunicación formal, se utilizarían informes de estado y presentaciones formales para mantener a la alta dirección informada sobre el progreso del proyecto. Por último, la comunicación informal se daría en momentos de descanso, donde los empleados podrían discutir ideas, plantear desafíos y fomentar la creatividad en un ambiente más relajado
Answer:
There are several different forms of communication that are important in an organization. These include:
1. Verbal communication: This is the use of spoken words to convey a message. Verbal communication is important in an organization because it allows employees to communicate with each other and with customers. For example, a salesperson might use verbal communication to explain the features of a product to a customer. Another example is a team meeting where employees discuss project updates and share ideas.
2. Nonverbal communication: This is the use of body language, gestures, and facial expressions to convey a message. Nonverbal communication is important in an organization because it can convey emotions, attitudes, and intentions. For example, a manager might use nonverbal communication to show approval or disapproval of an employee's performance. Another example is a job interview where the interviewer might use nonverbal communication to assess the candidate's confidence and professionalism.
3. Written communication: This is the use of written words to convey a message. Written communication is important in an organization because it provides a permanent record of communication. For example, an email can be used to communicate project updates, deadlines, and other important information. Another example is a report that summarizes the results of a project.
4. Visual communication: This is the use of images, graphs, and other visual aids to convey a message. Visual communication is important in an organization because it can help to simplify complex information and make it easier to understand. For example, a chart can be used to show sales trends over time. Another example is a video that demonstrates how to use a product.
All of these forms of communication are important in an organization because they allow employees to share information, ideas, and feedback. Effective communication can also help to build trust and relationships between employees, customers, and partners. For example, if a customer has a positive experience with a salesperson, they are more likely to return to the organization in the future.
A practical example of the importance of communication in an organization is a team project. Effective communication is essential for the success of the project. Team members need to be able to communicate their ideas, concerns, and progress to each other in order to stay on track and meet deadlines. This might involve verbal communication in team meetings, written communication in project reports, and visual communication in presentations. Without effective communication, the project is likely to fail.
Marketing cannot be successful if the product is not what the customer wants or if the quality is low.
True or False?
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
The document shows a 1040 form.
A 1040 tax form.
The 1040 form is used to collect
Answer:
The 1040 form is used to collect the federal tax.
Answer:
federal taxes
Explanation:
On September 1, Pat Hopkins established Ona Cloud Corporation (OCC) as a provider of cloud computing services. Pat contributed $14,000 for 1,400 shares of OCC. On September 8, OCC borrowed $36,500 from a bank, promising to repay the bank in two years. On September 10, OCC wrote a check for $22,500 to acquire computer equipment. On September 15, OCC received $1,450 of supplies purchased on account and, on September 16, paid $2,500 for September rent. Through September 22, OCC provided its customers $11,550 of services, of which OCC collected $6,900 in cash. On September 28, OCC paid $695 for Internet and phone service this month. On September 29, OCC paid wages of $5,450 for the month. Finally, on September 30, OCC submitted its electricity meter reading online and determined that the total charges for the month will be $645. This amount will be paid on October 14 through a preauthorized online payment.
Required:
a. Indicate the accounting equation effects of the September events.
b. Prepare journal entries to record the September events described above.
c. Using your answer to requirement 1 or 2, calculate OCC's preliminary net income for September. Is OCC profitable, based on its preliminary net income?
d. Identify at least two adjustments that OCC will be required to make before it can prepare a final income statement for September.
Answer:
a) I used an excel spreadsheet since there is not enough room
b)
On September 1, Pat Hopkins established Ona Cloud Corporation (OCC) as a provider of cloud computing services. Pat contributed $14,000 for 1,400 shares of OCC.
Dr Cash 14,000
Cr Common stock 14,000
On September 8, OCC borrowed $36,500 from a bank, promising to repay the bank in two years.
Dr Cash 36,500
Cr Notes payable 36,500
On September 10, OCC wrote a check for $22,500 to acquire computer equipment.
Dr Equipment 22,500
Cr Cash 22,500
On September 15, OCC received $1,450 of supplies purchased on account and,
Dr Supplies 1,450
Cr Accounts payable 1,450
on September 16, paid $2,500 for September rent.
Dr Rent expense 2,500
Cr Cash 2,500
Through September 22, OCC provided its customers $11,550 of services, of which OCC collected $6,900 in cash.
Dr Cash 6,900
Dr Accounts receivable 4,650
Cr Service revenue 11,550
On September 28, OCC paid $695 for Internet and phone service this month.
Dr Internet and phone expenses 695
Cr Cash 695
On September 29, OCC paid wages of $5,450 for the month.
Dr Wages expense 5,450
Cr Cash 5,450
Finally, on September 30, OCC submitted its electricity meter reading online and determined that the total charges for the month will be $645. This amount will be paid on October 14 through a preauthorized online payment.
Dr Utilities expense 645
Cr Accounts payable 645
c) preliminary net income = $2,260, so the company seems to be profitable
d) OCC must adjust depreciation expense (equipment), interest expense on the bank loan and supplies expense.
in the cash book, every cash receipt is______ and every cash payment is_______
What is the address bar in Firefox?
Answer: The Firefox address bar displays the URL web address for the page that you are visiting.
Explanation:
Answer:
The Firefox address bar displays the URL web address for the page that you are visiting.
Explanation:
The government has recently introduced a marketable permit program for major polluters where one permit gives permission to pollute one unit. When the program is introduced, Firm A emits 800 units of pollutant and so is granted 800 permits. After one year, firms are issued 10% fewer pollution permits. If Firm A reduces its pollutants from 800 units to 690 units, how many permits does it sell after one year
Answer:
Firm A can sell 30 permits as it has an excess of 30 permits.
Explanation:
As the permits are reduced by 10%, then the permits issued to Firm A after one year will be,
Permits issued - After one year = 800 * (1 - 10%) = 720 permits
Now as Firm A has reduced its pollutant units to 690 units, which is more than the permits issued to it, it has an excess of 30 permits.
Excess = 720 - 690 = 30 permits
Firm A can sell these permits after one year.
Bob lives in Miami and runs a business that sells guitars. In an average year, he receives $793,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $430,000; he also pays wages and utility bills totaling $301,000. He owns his showroom; if he chooses to rent it out, he will receive $15,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Bob does not operate this guitar business, he can work as a financial advisor, receive an annual salary of $50,000 with no additional monetary costs, and rent out his showroom at the $15,000 per year rate. No other costs are incurred in running this guitar business.
Identify each of Bob’s costs as either an implicit cost or an explicit cost of selling guitars.
a. The wholesale cost for the guitars that Bob pays the manufacturer
b. The wages and utility bills that Bob pays
c. The salary Bob could earn if he worked as a financial advisor
d. The rental income Bob could receive if he chose to rent out his showroom
Answer and Explanation:
The identification of each transaction as an explicit cost or implicit cost is as follows
a. It is an explicit cost as the cost would be paid to the factors of production
b. It is also an explicit cost as the cost would be paid to the factors of production
c. It is an implicit cost as it is considered to be the hidden cost
d. It is also an implicit cost as it is considered to be the hidden cost
real answers only please
Provide complete responses to the following questions or statements.
Describe what you believe the meaning and corresponding responsibilities are for each of the following:
The right to safety
The right to truthful information
Answer:
the to give truth answer
Explanation:
you have to say the true no matter how the situation is
Explain how marketing information is used in sports and entertainment marketing
The use of sporting and sports-related events to advertise a company, brand, or product is known as sports marketing. Using this strategy, marketers can use sports' appeal and popularity to draw attention to their company or product. The marketing and promotion of live sporting events is also included in the category of sports and entertainment marketing.
How is marketing used in the entertainment industry?Popular entertainment marketing techniques include product placement, strategic brand alliances, and celebrity endorsements. These strategies are used in pop cultural events and aid in their spread in our society.
Marketing that focuses on both the promotion of sports, events, games, music, and films as well as the advertising of other products and services through sport and entertainment is known as "sport & entertainment marketing." You will be actively working on actual business cases that have been given to you by the sector.
We'll talk about entertainment marketing in two different approaches. First, entertainment will be considered a product that needs to be sold. Second, the role of entertainment in marketing to draw attention to other products will be addressed.
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1 typewritten reviews of a Business Management, or Marketing
Article of the students choosing that appeared in the required Online
readings, You may also select articles from the New York Times.
The articles due on the assign due date. The News Article Review must
be printed out and attached to the student’s Typewritten review in Pdf.
The review must summarize the article in the student’s own words and
discuss how the subject matter of the News Article Review relates to
topics covered in the course.
THE ARTICLE SHOULD NOT BE
MORE THAN 14 DAYS OLD AND MUST BE RETRIVED FROM A
BUSINESS, OR MARKETING JOURNAL PUBLICATION
Explanation:
Title: "Digital Marketing Strategies for Small Businesses: A Case Study"
Article Source: Harvard Business Review
Summary:
The article "Digital Marketing Strategies for Small Businesses: A Case Study" discusses how small businesses can effectively utilize digital marketing strategies to compete in today's highly competitive business landscape. The case study presented in the article focuses on a small boutique clothing store that implemented various digital marketing tactics to increase their online visibility and drive more sales.
The article highlights the importance of having a strong online presence for small businesses, as consumers increasingly rely on digital channels to discover and purchase products and services. The case study outlines the steps taken by the boutique store, including optimizing their website for search engines, creating engaging social media content, and implementing email marketing campaigns to engage with customers.
The article also emphasizes the need for small businesses to adapt their digital marketing strategies based on changing consumer behaviors and market trends. For example, the boutique store in the case study shifted their focus to social media advertising when they noticed that their target audience was spending more time on social media platforms.
Relation to Course Topics:
The article aligns with several topics covered in the Business Management or Marketing course. It highlights the importance of digital marketing for small businesses and the need to adapt strategies to changing consumer behaviors, which are key concepts in modern marketing. The case study also provides practical examples of how small businesses can implement digital marketing tactics, such as search engine optimization, social media marketing, and email marketing, which are commonly covered in marketing courses.
The article also emphasizes the significance of understanding consumer behavior and market trends, which are important considerations in business management. It underscores the need for small businesses to continually assess and adjust their marketing strategies to remain competitive in the ever-evolving digital landscape.
Overall, the article provides a relevant and practical case study that showcases the application of digital marketing strategies for small businesses, making it a valuable resource for students studying business management or marketing.
Review:
The "Digital Marketing Strategies for Small Businesses: A Case Study" article is a well-written and informative piece that provides practical insights into how small businesses can effectively leverage digital marketing strategies. The case study presented in the article is relevant and relatable, making it easy to understand the challenges faced by small businesses in the digital marketing realm.
The article is concise, yet comprehensive, covering key concepts such as search engine optimization, social media marketing, and email marketing in a clear and understandable manner. The use of a real-life case study adds credibility and practicality to the article, making it more engaging for readers.
The author's writing style is engaging and easy to follow, with a good balance of theoretical concepts and practical examples. The article is well-structured, with clear headings and subheadings that make it easy to navigate and locate specific information.
One potential improvement could be the inclusion of more recent data or statistics to support the author's points and provide additional evidence of the effectiveness of the digital marketing strategies discussed. However, overall, the article is a valuable resource for students studying business management or marketing, as it provides relevant and practical insights into how small businesses can navigate the digital marketing landscape to achieve their business goals.
In conclusion, the "Digital Marketing Strategies for Small Businesses: A Case Study" article is a recommended read for students studying business management or marketing. It offers valuable insights into the challenges and opportunities of digital marketing for small businesses and provides practical examples that can be applied in real-world business settings. The article's alignment with course topics and its clear and engaging writing style make it a useful resource for students looking to deepen their understanding of digital marketing strategies.
IKEA is very Sweden-centric; that is, they like doing it the Swedish way, from the names of the furniture to the management of the company. Sweden is a neutral country, so maybe this is the way to go for a global company, but is smart to be too centric to a specific country when you are a global corporation
Answer:
It can be a smart strategy if the country has a significant amount of soft power (power not on military or economic terms, but on cultural and social terms).
Explanation:
For example, Sweden is a country that enjoys a high level of prestige around the world, because it is a very well developed country, with a very high standard of living, an economic model that many people admire (the Nordic Model), and several cultural exports like Volvo cars, or ABBA, that enjoy popularity around the world.
IKEA, in that sense, is like another Swedish cultural export, and when people go to an IKEA, they go expecting to find something "Swedish", so in this sense, the strategy can clearly pay off because of the soft power that Sweden has.
Ellie is an internal Consumer Insights researcher for JumpBab, a company that makes children's game Apps for smart devices. In her research of marketing trends, she observes that the downloads for her Apps is positively related to the per capita consumption of goat cheese; and negatively related to the number of engine failures of Ford Fiesta cars in the USA. Excited at finding these interesting relationships between these variables, she declares to her Marketing Manager that "JumpBab should include mentions goat cheese in all our marketing communications, but really stay away from Ford Fiesta cars!" Despite the statistical soundness of the data, Ellie's Marketing manager scoffs at her suggestion. This is likely because:
Answer: a. Ellie has most likely tapped into an illusionary correlation in her data.
Explanation:
Illusionary Correlation is a phenomenon in Psychology and Statistics where during the course of research, the researcher perceives a relationship to exist between the variables due to seemingly statistically significant findings when no such relationship actually exists.
The problem is that since such correlations are usually rare, they are easier to discover and fixate on.
The likelihood of children apps being influenced by goat cheese and the number of engine failures of Ford Fiesta cars in the USA would make quite a number of people scoff which is why her manager was skeptical.
Carla incorporated her sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100 percent of the corporation's stock. The property transferred to the corporation had the following values and adjusted bases:
FMV Adjusted basis
Inventory $35,750 $10,100
Building 153,000 106,500
Land 291,750 375,000
Total $480,500 $491,600
The corporation also assumed a mortage of $153,750 attached to the building and land. The fair market value of the corporation's stock received in the exchange was $320,750.
Required:
a. What amount of gain or loss does Carla realize on the transfer of the property to the corporation?
b. What amount of gain or loss does Carla recognize on the transfer of the property to the corporation?
c. What is Carla's basis in the stock she receives in her corporation?
Answer:
a. The amount of loss does Carla realize on the transfer of the property to the corporation is -$17,100
b. Carla does not recognized any gain or loss on the transfer of the property to the corporation
c. The amount of Carla's basis in the stock she receives in her corporation is $337,850
Explanation:
a. In order to calculate the amount of gain or loss does Carla realize on the transfer of the property to the corporation we would have to use the following formula:
amount of gain or loss=Fair market value of stock received+morgage assume by corporation-Adjusted tax basis of the property transferred
amount of gain or loss=$320,750+$153,750-$491,600
amount of gain or loss=-$17,100
The amount of loss does Carla realize on the transfer of the property to the corporation is -$17,100
b. Carla does not recognized any gain or loss on the transfer of the property to the corporation because the requirements are met and no boot is received in exchange.
c. In order to calculate the amount of Carla's basis in the stock she receives in her corporation we would have to use the following formula:
amount of Carla's basis in the stock=Adjusted tax basis of the property transferred-morgage assume by corporation
amount of Carla's basis in the stock=$491,600-$153,750
amount of Carla's basis in the stock=$337,850
The amount of Carla's basis in the stock she receives in her corporation is $337,850
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $155 Units in beginning inventory 200 Units produced 2,020 Units sold 1,760 Units in ending inventory 460 Variable costs per unit: Direct materials $ 49 Direct labor $ 29 Variable manufacturing overhead $ 11 Variable selling and administrative expense $ 14 Fixed costs: Fixed manufacturing overhead $18,180 Fixed selling and administrative expense $33,440 What is the total period cost for the month under variable costing
Answer:
$76,260
Explanation:
Calculation to determine the total period cost for the month under variable costing
Using this formula
Total Period cost = Variable selling and administrative cost + Fixed manufacturing overhead + Fixed selling and administrative cost
Let plug in the formula
Total Period cost = ($14 × 1,760) + $18,180 + $33,440
Total Period cost =$24,640+$18,180 + $33,440
Total Period cost =$76,260
Therefore the total period cost for the month under variable costing is $76,260
which of the following items are likely to be normal goods for a tropical customer? which is likely to be inferior goods?
a) Expensive perfume
b) paper plates
c) Secondhand clothing
d). Overseas trips
explain her commitment to a decision could assist a school Leaver to adapt to the change of entrepreneurship
Answer:
with the correct knowledge and training running their own business will become easy and will make them successful
Generally, an education helps potential entrepreneurs with cognitive skills to better evaluate and exploit entrepreneurial opportunities.
Being an entrepreneurship could help school leavers or drop out not to become an unemployment statistics because you are depending on your personal business.
In conclusion, the commitment with the existing education will allow the school leaver to adapt to the change of entrepreneurship.
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Preparing statistical graphs is used in this step of market research
Statistical graphs are an effective way to visualize and analyze data collected during market research.
What is market research?Market research is a systematic and organized effort to gather information about target markets or customers and to better understand the behaviors, needs, and preferences of a specific group of consumers. It is a form of data collection that involves quantifying and qualifying aspects of a market, such as size, competition, and potential for growth. It also involves understanding customer needs, wants, and perceptions as well as tracking customer satisfaction.
They can be used to identify patterns and trends in customer data, compare different customer segments, or provide a visual representation of survey results. Graphs can also be used to show correlations between different variables, such as the relationship between customer satisfaction and product features. Graphs are an essential tool for presenting quantitative data in a clear, concise, and easy-to-understand manner.
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Which type of credit is used to lease a building?
Answer:
service credit
Explanation:
Income Statement. Owner’s Equity Statement. Balance Sheet. Statement of Cash Flows. Each of these statements provides important financial information to both internal and external users. Choose two of the above-mentioned statements and identify how internal and external users can use the information from those statements to make decisions.
Managers and other employees who use financial information to confirm past results and make adjustments for future activities are examples of internal users. External users are those who use financial information outside of the organisation to make decisions or evaluate an entity's performance.
Who are internal and external users?Internal users are people who use financial information within a company. Owners, managers, and employees are examples of internal users. External users are people who use accounting information outside of the business entity (organisation).
Managers are the most frequent users of financial statements because they require the information to perform their duties. The statements can be used by owners to determine whether their investment is safe and whether the company is providing an acceptable return on their investment.
Therefore, internal and external users can use the information from income statements to make decisions.
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