Ezra works for a wholesaler
What is a wholesaler?
In the supply chain, a wholesaler serves as an intermediary or middleman. The most typical illustration of a wholesaler is a business that buys finished goods from producers and then distributes them to retailers, who subsequently market the goods in lesser quantities to consumers.
The primary objective of a wholesaler is to sell products to businesses or retailers who will then resell them. A retailer, on the other hand, solely sells products to the final customer as their target market. These two commercial connections serve as key marketing channel intermediaries.
Therefore, Ezra works as a wholesaler in the inc.
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Outsourcing is advantageous when which of the following occurs?
A. A firm is operating at a loss and is on the verge of a shutdown.
B. A firm does not have an established brand image to protect.
C. A high degree of coordination is required between activities.
D. There is high technological uncertainty in an industry.
Outsourcing is advantageous when a firm does not have an established brand image to protect. Option (b) is correct.
What do you mean by Shutdown?The termination or suspension of an operation or activity is the definition of shutdown.
One can utilize information, talents, and your entire supply chain through outsourcing. Additionally, outsourcing can help your company become more adaptable and flexible, allowing it to better respond to difficulties and changing market conditions while achieving cost savings and higher service levels.
Therefore, Option (b) is correct. Outsourcing is advantageous when a firm does not have an established brand image to protect.
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Sabrina, a member ,has been employed by Luca & Smith, CPA's for the past 10 years. During that time, Sabrina has worked on many of the firm's most complicated clients and projects. Sabrina is a member of the local Chamber of Commerce and the AICPA. Sabrina has decided to leave Luca & Smith, CPA's to start her own CPA practice. While the firm was sorry to hear about Sabrina's plans to leave ,there is no animosity between the parties. As part of the formation of her new firm, Sabrina is considering various forms of advertising, marketing ,and solicitation. Which of the following forms of advertising, marketing, and solicitation is acceptable in all cases?
0 Soliciting clients of her former firm by calling them three times a day for a month and guaranteeing that she will a better job.
0 Placing a yellow pages ad that states that Sabrina is a tax expert' if she, in fact, can demonstrate that she has expertise in the area as a result of education, training, or experience.
0 Using a marketing brochure that states: 'no other sole practitioner in the state has the tax knowledge that Sabrina has'.
0 Both a. and c. are acceptable.
According to the CPA professional code of conduct, it is to be noted that in the above scenario, the best form of advertising and marketing that Sabrina can use is "Placing a yellow pages ad that states that Sabrina is a tax expert' if she, in fact, can demonstrate that she has expertise in the area as a result of education, training, or experience." (Option B)
What does the CPA Code say about Advertising?A CPA may not engage in misleading and fraudulent advertising activities under the Advertising and Other Forms of Solicitation Rule of the AICPAs Code of Professional Conduct.
The CPA business should carefully consider the advantages of presenting its message to potential clients through advertising. Advertising is not sloppy; it is an excellent business.
The updated Code creates a conceptual framework for all professional accountants to assure compliance with the five key principles of ethics:
Integrity, Accountability, Transparency, and Accountability.Objectivity.Due Care and Professional CompetenceConfidentiality.Professionalism in Action.Learn more about CPA Code:
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Speyer Medical Clinic measures its activity in terms of patient visits Last month, the budgeted level of activity was 1240 patient-visits and the actual level of activity was 1,230 patient visits. The cost formula for administrative expenses is $4.80 per patient visit plus $26,000 per month. The actual administrative expense was $24700 In the clinic's flexible budget performance report for last month, the spending variance for administrative expenses was
Actual administrative costs came to $24700. The clinic's budget variance report card for the previous month shows that administrative expenses had a $7,204 spending variance.
What do expenses entail?The money being spent or expenditures incurred by a business in an endeavor to make money are known as expenses. This could take the shape of expenses like paying employees' salaries or paying suppliers. Tax-deductible business expenses can be deducted from taxation to reduce taxable income and tax liabilities.
What are the expenses?The complete direct costs associated with production, including labor and raw materials, are referred to as prime costs. Utility costs, manager pay, and delivery expenses are examples of indirect costs that are excluded from prime costs. To guarantee making a profit, businesses must determine the prime price of each item created.
Briefing:Actual Results- $24,700
Flexible Budget = (26,000FC + 4.8VC X 1230)
Flexible Budget =31,904
= 24,700- 31,904
Expenses = $7,204 U.
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FILL IN THE BLANK. ___ are ostensibly designed to protect the parental rights of a putative father who has registered by giving him notice of a pending adoption proceeding.
Financial statement are ostensibly designed to protect the parental rights of a putative father who has registered by giving him notice of a pending adoption proceeding.
Despite occasional linguistic variations, "putative father" generally refers to a male who alleges or asserts parental rights for a child born to a woman to whom he was not married at the time of the kid's birth. The father acquires parental responsibility for his kid by having his name added to the birth certificate. After then, his child is eligible for benefits including Social Security, life insurance, military pay, and inheritances. To provide a man in this situation with notice before any termination procedures, Pennsylvania keeps a record of putative dads.
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When satisficing, a decision maker selects the best solution. True False
The decision-maker uses the satisficing strategy, choosing the first option that satisfies his or her minimum criteria of satisfaction. Hence the above mention statement is false .
What is Satisficing ?A manager's values define his or her ethics and have an impact on the alternatives, choosing criteria, and performance measurements that are used in the decision-making process.
When making decisions, satisficing means aiming for an outcome that is acceptable or satisfactory rather than the best one. Satisficing focuses https://brainly.com/question/14925666on practical effort when faced with tasks rather than exerting maximal effort to achieve the ideal result.
The satisficing decision-maker always choose the first option that pleases them, according to the satisficing decision-making paradigm. It might have nothing to do with the ideal answer.
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Which checking account would be best for kiera? account
A bank account is labeled Minimum Balance with entries[tex]500[/tex]dollars, [tex]250[/tex]dollars[tex], 50[/tex] dollars.
A bank account is a financial record of the financial transactions between a bank and a customer that is kept by a bank or other financial organization. The terms and conditions for each type of account each financial institution offers are set by the institution itself. These accounts are categorised into categories that are easily understood, such as deposit accounts, credit card accounts, current accounts, loan accounts, or many other types of accounts. A consumer could have multiple accounts. When a customer opens an account, the money they deposit with the financial institution is recorded in the account they choose. Loan loaders allow for the withdrawal of money.
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A bank account is labeled Minimum Balance with entriesdollars, dollars dollars.
A bank account is a financial record of the financial transactions between a bank and a customer that is kept by a bank or other financial organization. The terms and conditions for each type of account each financial institution offers are set by the institution itself. These accounts are categorised into categories that are easily understood, such as deposit accounts, credit card accounts, current accounts, loan accounts, or many other types of accounts. A consumer could have multiple accounts. When a customer opens an account, the money they deposit with the financial institution is recorded in the account they choose. Loan loaders allow for the withdrawal of money.
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which of the following controls would most likely reduce the risk of diversion of customer receipts by a client’s employees?
(1) A bank lockbox system.
(2) Prenumbered remittance advices.
(3) Monthly bank reconciliations.
(4) Daily deposit of cash receipts.
Option (a), a bank lockbox system would probably reduce the likelihood that a client's staff would steal customer receipts.
What is a bank lockbox system?Businesses can receive payments from customers by using the lockbox banking facility that banks provide as a service. The service directs customer payments to a specific post office box rather than to the company.
When you use a bank's lockbox service, you have access to one or more lockboxes, which are simply post office boxes that the bank can put up across the country so that your business can collect client checks or payments. Lockbox solutions enable businesses to receive money more quickly.
Who use a lockbox setup?Lockboxes are available as retail or wholesale. Retail lockboxes are frequently utilized by companies that get a lot of small-dollar cheques. For instance, medical practices frequently receive a large number of postal checks in a range of amounts, based on the copays of the patients.
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Which of the following activities related to human resources are supervisors likely to be directly involved in? (Select all that apply)a. overall company designb. job analysis and designc. employee trainingd. recommendation of pay increasese. performance appraisals
activities related to human resources in which supervisors are likely to be directly involved are job analysis and design; employee training; recommendation of pay increases; and performance appraisals.
Activities in the area of human resources encompass anything and everything an organisation does that has to do with its workforce. These include activities such as recruiting, selection, training and development, as well as performance evaluation.
A person who takes on all of the administrative responsibilities within an organisation is referred to as a supervisor. He examines and assesses the performance of every worker, and he assists those workers in participating in activities that are associated with human resources.
The demands of the organisation, checking the performance of the employee while also providing them with direction and assistance and encouraging communication between the employee and the employer are all included in the supervisor's responsibilities.
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Last year, a vendor cost of goods sold was $8,000 and average inventory investment was $500. This vendor's ________ was 16.-fill rate-weeks of supply-inventory turnover
This vendor's inventory turnover was 16.-fill rate-weeks of supply-inventory turnover
Inventory turnover is the period of time between when a corporation purchases a product and when it is sold. Having sold all of the merchandise that was purchased, less any items lost to damage or shrinkage, is referred to as a complete turnover of inventory.
Inventory turnovers occur frequently in successful businesses, however the number varies by industry and product category. While particularly high-end luxury items, such as luxury handbags, typically see few units sold per year and lengthy production schedules, consumer packaged goods (CPG) typically have rapid turnover.
Turnover can be impacted by a variety of inventory management issues, such as fluctuating client demand, inadequate supply chain planning, and overstocking.
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l’oréal engages in _______ on mtv’s the hills: new beginnings by strategically featuring their makeup products being used by cast members to reach the product’s target markets.
l’oréal engages in product placement on mtv’s the hills: new beginnings by strategically featuring their makeup products being used by cast members to reach the product’s target markets.
What is product placement?Product placement can be described as the form of advertising which is been usd by most of the company whereby the branded goods and services are featured in a production that targets a large audience.
It should be noted that the Product placement, can as well be described as the embedded marketing, because it can be seen as a marketing technique where references to specific brands or products are incorporated into another work, such as a film or television program, with specific promotional intent.
Therefore, it is one whereby there is a strategically featuring involving the makeup products being used by cast members to reach the product’s target markets.
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Which of the following are reasons why might states not want to encourage free trade?
a-They may worry more about domestic employment than economic growth.
b- They may prioritize their own labor and environmental standards and regulations.
c- They may have certain new sectors of the economy that they want to protect so they can grow.
d- They may believe certain sectors of the economy are too vital to allow to outsource.
All of the mentioned reasons can be used by states who do not want to encourage free trade.
What else could exchange possibly mean?Business, commerce, industry, and traffic are a few examples of typical trade synonyms. Commerce and trade imply the exchange and transportation of commodities, even if all these phrases refer to "activity connected with the supplying and distribution of commodities."
Why is it referred to as trade?Trade is derived from Middle English trade (a "route, line of conduct"), Middle Low German trade (a "track, course"), Old Saxon trada (a "spoor, track"), Proto-Germanic *trad (a "track, way"), and is cognate with Old English tredan. Trade was introduced into English by Hanseatic traders ("to tread").
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mention 5 types of unemployment
TRUE/FALSE. You should change the marital status linked to your credit card account should you become married, separated, or divorced.
True, because of your gender or marital status, credit card firms cannot refuse you credit or provide you less favorable terms.
What exactly does "credit card" mean?A sort of credit facility offered by banks is a credit card, which enables users to borrow money up to a pre-approved credit limit. Customers can use it to transact in the purchase of goods and services.
How can I improve my credit?Pay the minimum amount required each month, or more if you are able to, and make sure your payments are made on time. Paying down the balance on a credit card as soon as you can is the easiest approach to lower the interest that is charged. If you only make the minimum payments, it could take several years to pay off even a tiny credit card bill.
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you are the dns administrator and have been tasked to hold alternative names for a host that is a newly established start-up venturing into the business of ecommerce. the start-up wants its clients to be directed to the appropriate page whenever they request for alternative names. which of the following resource records would you apply as a dns administrator in such a case?
CNAME record resource records would you apply as a DNS administrator in such a case.
An Administrator gives a workplace guide to both a character or crew and is important for the easy running of a business. Their responsibilities can also encompass fielding telephone calls, receiving and directing visitors, word processing, growing spreadsheets and shows, and submitting. even as there are many similarities between the 2 roles, there are several key variations. each position is focused on executing the enterprise imaginative and prescient, however, directors are a part of the crew that determines the enterprise's route.
An administrator is a person whose task entails supporting organizing and supervising the manner that an organization or organization functions.
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assume that today is december 31, 2021, and that the following information applies to abner airlines: after-tax operating income [ebit(1 - t)] for 2022 is expected to be $600 million. the depreciation expense for 2022 is expected to be $110 million. the capital expenditures for 2022 are expected to be $375 million. no change is expected in net operating working capital. the free cash flow is expected to grow at a constant rate of 5% per year. the required return on equity is 15%. the wacc is 12%. the firm has $190 million of nonoperating assets. the market value of the company's debt is $4.092 billion. 100 million shares of stock are outstanding. using the corporate valuation model approach, what should be the company's stock price today? do not round intermediate calculations. round your answer to the nearest cent.
The current share price of the corporation should be $14.55.
The following steps can be used to estimate this utilising the corporate valuation model approach:
Calculating the free cash flow is the first step.
The money a company makes after deducting capital expenditures is known as free cash flow. This can be calculated using the formula below:
After-tax operating income plus depreciation costs less capital outlays equals free cash flow (FCF).
In response to this query, we have:
Free Cash Flow (FCF) = $600 + $110 - $375 = $375 million.
Step 2: Value of operations are calculated (Vo)
Vo=FCF÷(WACC-FCF growth rate)
= 375/ (12%-5%)
= 5357.14 million
Step 3: calculating the firm value
Vo plus non-operating assets equal a firm's value
= 5357.14 million + 190 million
=5547.14 million
Step 4: Value of equity calculation
= Firm value - Debt
= $5547.14 - $4092
=$1455.14 million
Step 5: Today's stock price per share calculation
= equity value divided by shares outstanding
= 1455.14 ÷ 100 million
= $14.55
As a result, the stock price for the company today should be $14.55 a share.
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PLEASE HELP
pt 1. You work for an ad agency that has a Super Bowl sponsor as a client. What approach would you recommend for your agency as it develops a campaign—universal, customized for each geographical region, or something else, and why?
pt 2. What types of companies could benefit from placing ads on the NFL website, and how can they use the internet effectively to promote their products?
The kind of campaign that would work best for a Super Bowl is one that is universal. This is because the nature of people who come to the Super Bowl can best be described as a heterogenous marketing segment.
The kind of companies that could benefit from placing ads on the NFL website are those in the sports, health, and fitness industry.
What is a universal campaign?Universal Ads provides you with unique, cross-platform insights into the data you need to be successful. Events from the bottom of the funnel are integrated across platforms. Ad network conversion rates are contrasted. Long-term trends, are segmented by platform, ad set name, channel, and other factors.
Previous research has found that businesses' sales do not increase when their Super Bowl commercials run. New university research, on the other hand, reveals that Super Bowl advertising causes brief increases in web searches and word-of-mouth impressions.
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according to the pay scale college salary report, 2018, which of the following degrees have the highest median starting salaries?
Economics. It plays a significant role in how people make decisions. Even a trip to the grocery shop takes into account economics. And it is already a straightforward activity that aims to satisfy a person's basic needs and probably some wants.
Does economics require a lot of math?You should take even more math if you're thinking about going to graduate school for economics. Economics Ph. D. programs anticipate students start the program with a solid background in mathematics because economics research frequently uses arithmetic.
Is a degree in economics regarded favorably?Economics is the degree to choose if you want one that will actually be useful in the workplace. The study of wealth creation and distribution is essential for determining policies and managing corporations, governments, and other organizations.
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How is the perceived demand curve for a monopolistically competitive firm different from the
perceived demand curve for a monopoly or a perfectly competitive firm?
A perfectly competitive firm can sell any amount it wants at the going market price, the perceived demand curve for a monopolistically competitive firm is perfectly elastic, or flat. For monopolistic or perfectly competitive businesses, the perceived demand curve is downward sloping.
What is a perfectly competitive firm?Generally, The perceived demand curve for a monopolistically competitive company is perfectly elastic, often known as flat. This is because a perfectly competitive firm is able to sell any amount that it desires at the price that is currently in effect in the market.
The perceived demand curve for a monopoly, as well as the demand curve for a business that is completely competitive, slopes downward.
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the point of is to find a solution to price wars by getting each player to think about the broader market, rather than only optimizing their own needs.
The point of game theory is to find a solution to price wars by getting each player to think about the broader market, rather than only optimizing their own needs.
What is game theory?
Theoretically, social scenarios with rival players can be imagined using game theory. Game theory seeks to provide the best possible strategic decision-making among autonomous, rival actors.
Why does game theory apply to business?
In the event that predictions come true, game theory offers a mathematical framework for examining the course of action most probably to produce the desired results. Informed decisions about everything from pricing and product introductions to target market selections and marketing campaigns are made possible by such preparation.
In order to reach sustainable harvest goals, game management entails monitoring and managing habitats and game populations. It is beneficial for the ecology, society, and the economy to regulate hunters and hunting activity.
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a company budgets the following direct materials purchases: april: $70,000; may $90,000; june: $60,000. all purchases are on account and the company pays 25% of purchases in the month of the purchase, 50% in the month after the purchase, and the remaining balance in the second month after the purchase. cash payments for june for direct materials is $
The cash payments for the month of June for direct materials, can be found to be $77, 500
How to find the cash payments?In the month of June, the company would see a cash payment of 25% for the direct materials purchased in June. It would see 50% for the direct materials purchased in May, and it would see the rest of the balance of the direct payment from April.
The cash payments for June for direct materials is therefore:
= ( 25 % x June purchases ) + ( 50 % x May purchases ) + ( 25 % x April purchases )
The cash payments in June is:
= ( 25 % x 60, 000 ) + ( 50 % x 90, 000 ) + ( 25 % x 70, 000)
= 15, 000 + 45, 000 + 17, 500
= $77, 500
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The process of estimating expected future cash flows of a project using only the relevant parts of the balance sheet and income statements is referred to as:
A. incremental cash flows.
B. estimation and depreciation analysis.
C. pro forma analysis.
D. substitute and complement.
Pro forma analysis is the process of calculating projected future cash flows for a project utilizing only the pertinent balance sheet and income statement information.
Which of these describes the procedure for calculating a project's anticipated future cash flows?The term "discounted cash flow" (DCF) refers to a method of valuation that calculates an investment's value based on its anticipated future cash flows. Using estimates of how much money an investment will make in the future, DCF analysis seeks to evaluate the value of an investment today.
Why do we estimate cash flows?The process provides a framework for creating and implementing the best investing plans. Long-term investments' economic feasibility is assessed using cash flow forecasts. The money Through the use of discounted and non-discounted cash flow methodologies, project flows are estimated.
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below are the summarized statements of cash flows for two companies. based on the information discussed in class, which company has a stronger statement of cash flows? car corporation bus corporation net cash flows from operating activities 1,100 25,600 net cash flows from investing activities 2,700 (6,250) net cash flows from financing activities 4,200 (11,700) net change in cash $8,000 $7,650
Net change in cash $8,000 $7,650 has a stronger statement of cash flows.
The amount of money that flows into and out of a business is referred to as its cash flow .For businesses, sales bring in money, but they also have expenses. They might also make money from investments, royalties, licensing agreements, and interest. Additionally, they could provide things on credit with the promise of payment later. Evaluating the quantity, timeliness, and unpredictable nature of cash flows as well as their origins and destinations is one of the most important objectives of financial reporting. It is essential for figuring out an organization's liquidity, adaptability, and overall financial success. A company's ability to fulfill commitments, reinvest in its business, distribute earnings to shareholders, cover costs, and function as a safety net in case of impending financial troubles is indicated by positive cash flow.
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Net change in cash $8,000 $7,650 has a stronger statement of cash flows.
The amount of money that flows into and out of a business is referred to as its cash flow .For businesses, sales bring in money, but they also have expenses. They might also make money from investments, royalties, licensing agreements, and interest. Additionally, they could provide things on credit with the promise of payment later. Evaluating the quantity, timeliness, and unpredictable nature of cash flows as well as their origins and destinations is one of the most important objectives of financial reporting. It is essential for figuring out an organization's liquidity, adaptability, and overall financial success. A company's ability to fulfill commitments, reinvest in its business, distribute earnings to shareholders, cover costs, and function as a safety net in case of impending financial troubles is indicated by positive cash flow.
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consumer-oriented sales promotions are used to support . multiple choice question. a firm's ability to raise prices specifically, the repositioning of a product a company's advertising and personal selling efforts efforts to obtain publicity
Consumer-oriented sales promotions are used to support the repositioning of a product.
Promoting refers to a variety of moves meant to elevate greater awareness or advancement of an object. In terms of a profession, promoting refers to advancing a worker's rank or role in a hierarchical shape.
The most vital purpose that advertising serves is that it sets an enterprise apart from its competition. No commercial enterprise will ever want to run any promotions if there wasn't any opposition. you need to live ahead of your competitors in order for clients to hold doing enterprise with you.
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In the simple deposit expansion model, a decline in checkable deposits of $500 when the required reserve ratio is equal to 10 percent implies that the Fed:
A) sold $500 in government bonds.
B) sold $50 in government bonds.
C) purchased $50 in government bonds.
D) purchased $500 in government bonds.
If in the simple deposit expansion model, a decline in checkable deposits of $500 when the required reserve ratio is equal to 10 percent implies that the Fed: B) sold $50 in government bonds.
How to find the government bonds?Using this formula to find the government bonds
Government bonds = Checkable deposits × Required reserve ratio
Where:
Checkable deposits = $500
Required reserve ratio = 10% or .10
Let plug in the formula
Government bonds = $500 × .10
Government bonds = $50
Therefore the correct option is B.
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which of the following is the most likely reason that cressey believes an employee tries to solve a financial problem in secret
The most likely reason that Cressey believes an employee tries to solve a financial problem in secret is that they are afraid of losing the approval of those around them.
An employee is a person who is paid to work for an individual or company. A worker does not have to work full-time to be considered an employee. You just need to be paid for the work by your employer (the person or company that pays your wages).
An employee is hired by a person or company to work for that person or company, also known as an employer. The Internal Revenue Service defines people as employees if the employer has control over the work done.
They are the people who contribute effectively to the well-functioning of the organization. They do their best and work hard to achieve their assigned goals within the set time frame. Employees play a key role in determining workplace culture.
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bayer advanced season-long grub control is not effective against adult grubs.
They spend the wintry weather as massive grubs (0.75 inches long) some 2-6 inches beneath the soil surface.
When the floor warms up in spring, they resume feeding and can cause damage from the time the grass turns inexperienced till they pupate in mid-May
Do grubs return every year?All lawns, everywhere, have some grubs each year. Newly hatched grubs are massive eaters! Grubs consume the most in the Fall and gradually less as they mature in the Spring. In fact, when grubs are almost geared up to change into beetles, they quit eating.
What do grub worms flip into?At the grownup stage, grub worms flip into beetles that emerge from the soil. The kind of beetle species varies primarily based on the kind of grub worm present. You may also start to be aware beetle damage as they consume the leaves of your grass and different plant life in your garden.
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https://brainly.com/question/7721393#SPJ465 High transportation costs are a disadvantage for companies that
Multiple Choice
• are service based.
• ship large, bulky products.
• produce and ship products regionally.
• use customization.
• ship component parts.
Transportation costs are the expenses related to the transportation of raw materials and finished products. High transportation costs are a disadvantage for the companies that ship large and bulky products.
What are transportation cost?The transportation costs refers to costs incurred by an company for movement of their goods from one place to another. Transportation costs are related to transportation operations including raw materials, driver wages, employee salaries, vehicle maintenance, vehicle operations, and finished products. Transport costs can be fixed or variable.
The companies that need to transport large and bulky product as a part of their business operation, high transportation costs are a disadvantage for them and that gets included in the cost of the product.
Therefore, companies that ship large, bulky products, high transportation cost are a disadvantage for them.
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heinrich, the principal executive officer of a publicly held corporation, received $2.5 million compensation this year. the compensation consisted of an $800,000 base salary and a $1.7 million year-end bonus for outstanding performance. the corporation is allowed to deduct the entire amount of heinrich's compensation.
It is FALSE to indicate that the corporation is allowed to deduct the entire amount of Heinrich's compensation.
What are the deductions that can be made to a person's compensation?The statute-based deductions that are permissible in the above case as well as in others (all things being equal) are;
1) Standard Deductions
The standard deduction is a fixed amount allowed by the IRS to taxpayers.
Single Filers - $6,300Married filing jointly - $ 12,600Head of Household - $9,3002) Itemized Deductions
The taxpayer totals all permissible deductions and claims the total as a deduction from gross income.
In other words, itemized deductions refer to the actual amount of allowable deductions. Itemized deductions often include mortgage interest, IRA contributions, property taxes, and so on.
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on jan 1, 2020, lcorp granted 2,000 shares of restricted of $5 par value common stock to executives. the market price(fair value) of the sotck is $59 per share on the date of grant. the period of benefit is 2 years.Prepare icorp journal entries for January 1, 2014, and December 31, 2014 and 2015.
The official record of every company activity is a journal entry. A transaction is, in the broadest sense, any financial activity that has an impact on the firm.
Date Account Titles and Explanation Debit Credit
January 1,2020
Unearned Compensation 140700 =2100*67
Common Stock 10500 =2100*5
Paid-in Capital in Excess of Par-Common Stock 130200
December 31,2020
Compensation Expense 70350 =140700/2
Unearned Compensation 70350
December 31,2021
Compensation Expense 70350
Unearned Compensation 70350
The official record of every company activity is a journal entry. A transaction is, in the broadest sense, any financial activity that has an impact on the firm.
They encompass all exchanges involving the movement of money, including interest payments, depreciation, costs, and payroll. They encompass more than just the exchange of goods and services. Instead of being processed automatically like invoices or cash receipts are, general journal entries are manually entered into the general ledger.
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Alan is young, but he decides to plan for his retirement early. He decides to formulate some estimates of his lifetime income. Which answer best describes Alan’s lifetime income?
Alan’s lifetime income is his employee benefits, like health insurance.
Alan’s lifetime income includes his salary and retirement benefits.
Alan’s lifetime income includes both his career outlook and his career environment.
Alan’s lifetime income is both his college classes and his vocational training.
Based on personal economics and the context of the question the statement that best describes Alan’s lifetime income is that "Alan's lifetime income includes his salary and retirement benefits."
What is Lifetime IncomeLifetime Income is a term that is used to describe the kind of retirement plan that enables individuals with a constant stream of income for the rest of their life.
Usually, annuities are the only retirement plan that can give this type of income, which is why they're often called “annuities for life.”
Given that Alan is young, and decided to plan for his retirement early. This implies that Alan has decided to formulate some estimates of his lifetime income.
Therefore, the answer that best describes Alan's lifetime income is - Alan's lifetime income includes his salary and retirement benefits.
Hence, in this case, it is concluded that the salary, he earned throughout his life created his assets and savings. And the money that he will get as retirement benefits is also his income.
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Answer:
b.
Explanation: