revenue income statement
In a hypothetical country, Nominal GDP has increased by 5%. Which of the
following must be true? (1 point)
Prices have increased.
Either price, economic output, or both has increased.
The quantity of economic output has decreased.
The quantity of economic output has increased.
As a result of an increase in nominal GDP, we can infer that Either price, economic output, or both has increased.
Nominal GDP can increase when:
An increase in price makes the final price of goods and services more than it was before An increase in economic output means that more goods and services are being produced that increase GDPThere is also the chance that both of these could happen at the same time. This would increase the Nominal GDP by a higher rate.
In conclusion, a rise of nominal GDP could come from either or both of those factors.
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True or False: You should calculate your regular monthly pay based on your Gross Pay.
Answer:
False
Explanation:
The gross pay refers to the salary you earn before taxes and other deductions are subtracted. Because of that, the answer is that the statement that says that you should calculate your regular monthly pay based on your Gross Pay is false because this amount is not equal to the amount you actually get when you are paid as the deductions have to be taken out and you receive less money.
A person should calculate his regular monthly pay based on his Gross Pay is the false statement.
What is Gross Pay?The gross pay means the amount of salary that the assesses earn before taxes and other deductions under the section of Income Tax.
A person should calculate his regular monthly pay based on his Gross Pay is the false statement because this amount is not equivalent to the amount
that the asses actually get when he is paid, as the deductions assesses receive less money assesses receives the amount of salary after the deductions.
Therefore, the above statement is false.
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When incoming shipments from various suppliers are sorted and batched and then delivered to buyers and spend little or no time in storage, that is known as ______.
When shipping is processed as described above, this is known as the very efficient method of Cross-Docking
Cross-docking:
Involves ensuring that goods spend as little a time in storage as possible Reduces storage costs significantly Works by preparing and shipping goods out when they come inCross docking ensures that a company does not have to spend too much on storage costs because goods will not spend too much time in the company.
In conclusion, the process described is cross docking.
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Cost of merchandise sold to customers $ 223,000
Merchandise inventory, beginning-of-year 32,380
Merchandise purchases, gross amount 228,620
Shrinkage on inventory as of year-end 780
Transportation-in for merchandise purchases 2,286
Cost of merchandise returned by customers (and restored to inventory) 1,950
Discounts received from suppliers on merchandise purchases 1,829
Returns to and allowances from suppliers on merchandise purchases 4,300.
213
bc i said so and i think
Explanation:
Lindy Appliance begins operations in 2021 and offers a one-year warranty on all products sold. Total appliance sales in 2021 are $1,600,000, and Lindy estimates future warranty costs in 2022 to be 2% of current sales. Actual warranty costs in 2022 are $25,000. Also in 2022, Lindy has additional sales of $2,400,000 and revises its estimate of warranty costs associated with sales in 2022 to be 1.5%.
Required:
1. Record the adjusting entry for estimated warranty costs at the end of 2021.
2. Record the summary entry for actual warranty expenditures in 2022, assuming all costs were paid in cash.
3. Record the adjusting entry for estimated warranty costs at the end of 2022.
4. What is the balance in Warranty Liability at the end of 2021 and 2022?
The Lindy Appliance will meet the requirements by recording the following journal entries:
Journal Entries:
1. December 31, 2021: Debit Warranty Expense $32,000
Credit Warranty Liability $32,000
To record the warranty costs for the year.2. 2022 Debit Summary: Warranty Liability $25,000
Credit Cash $25,000
To record the actual warranty expenditures in 2022.3. December 31, 2022: Debit Warranty Expense $36,000
Credit Warranty Liability $36,000
To record the warranty costs for the year.4. The balance in the Warranty Liability account at the end of 2021 is $32,000, and at the end of 2022, it is $43,000.
Data and Calculations:
Warranty period for sales = 1 year
Sales Revenue in 2021 = $1,600,000
Estimated warranty costs for 2021 = $32,000 (2% of $1,600,000)
Actual warranty costs in 2022 = $25,000
Sales Revenue in 2022 = $2,400,000
Estimated warranty costs in 2022 = $36,000 (1.5% of $2,400,000)
Analysis:
1. December 31, 2021: Warranty Expense $32,000 Warranty Liability $32,000
2. 2022 Summary: Warranty Liability $25,000 Cash $25,000
3. December 31, 2022: Warranty Expense $36,000 Warranty Liability $36,000
Thus, the balance in the Warranty Liability account at the end of 2021 is $32,000, and at the end of 2022, it is $43,000 ($32,000 - $25,000 + $36,000).
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When making keep or replace equipment decisions, management should consider the: (Check all that apply.) Multiple select question. operating cost of the new equipment. original cost of the old equipment. operating cost of the old equipment. book value of the old equipment. trade-in allowance on the old equipment.
Answer: trade-in allowance on the old equipment, operating cost of the new equipment, operating cost of the old equipment
Explanation:
The correct option
trade-in allowance on the old equipment.operating cost of the new equipment.operating cost of the old equipmentś.What is management?The teaching or supervising of something (such as a business) Business enhanced under the management of new owners. 2: rational use of means to achieve an end is extremely cautious when it comes to money direction.It is something that executes group efforts towards the achievement of certain pre-determined goals. “Management” is the procedure of performing with and through others to actually achieve the goals of the organization, by efficiently using delimited resources in the changing world.The act or method of managing; handling, movement, or control. skill in managing; organizational ability: great management and tact. the person or individuals controlling and directing the experiences of a business, institution,To learn more about management, refer to:
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Asking the prospect to consider choices concerning delivery, warranty, or financing terms under the assumption that a sale has been finalized is known as a(n)
The term that describes a condition whereby prospects were asked to make consideration about choices that concern warranty as well as financing with the assumption that the sale has been made is assumptive close
An assumptive close can be regarded as one that take place, when you make an assumption about the plan of the customer.So that the customer would make a purchase from you and giving them some encouragement as well as positive and reassuring remarks.Therefore, the correct option is assumptive close.
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Brainliest to correct answer.
Katrina graduated from college with a degree in veterinary science. She also has an interest in law enforcement. What company might be interested in hiring Katrina?
A. a government building looking for security.
B. a city government in need of an animal control officer.
C. a country commissioner looking for an executive assistant.
D. a large bank in need of a network manager.
Answer:
B. a city government in need of an animal control officer.
Explanation:
She has a veterinary degree, so she knows how to handle animals, and she likes law enforcement, and an animal control officer would enforce laws.
Also the other options don't have law enforcement or animals in them.
Answer:
Its b: a city goverment in need of an animal control officer
Explanation:
corporations are granted the power to issue bonds through
Answer: State laws.
Explanation:
in 2013, the u.s. imported $2,294 billion of dollars in merchandise like computers, phones, coffee machines, and so on. in the same year, the us exported $1,593 billion of dollars in merchandise like cars, computers, phones, and so on. the difference of $702 billion dollars is known as ______________.
The balance of trade between the U.S. imports of $2,294 billion and its exports of $1,593 billion is known as the trade deficit. The amount of the trade deficit is $701 billion.
Data and Calculations:
Total imports in 2013 = $2,294 billion
Total exports in 2013 = $1,593 billion
Trade deficit = $701 billion ($2,294 - $1,593)
Thus, the trade deficit arises when the U.S. imports goods of higher dollar value than its exports to other nations in 2013.
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The return per unit of risk of the optimal portfolio will be ______ compared to that of any other portfolio.
The optimal portfolio is aimed at striking a balance between the return on investment and the associated risk level. Hence, the return per unit of risk is higher compared to any other portfolio.
In other to attain an equilibrium stance between risk level and the return on invested security, an optimal portfiio is employed. The portfolio seeks to ensure that investors obtain the highest return on investment while having to cope with very little risk level.Hence, the return per unit risk will be higher than any other portfolio.
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Ron, a manager at a hardware components manufacturing unit, has recently learned from a subordinate's report that the production rates in his firm have gone down immensely because of poor employee morale. Ron has realized that he needs to make a change in the organization that will motivate employees. Which of the following steps in the comprehensive approach to change is illustrated in the scenario?
a. Recognizing the need for change
b. Understanding how to implement the change
c. Setting goals for the change
d. Selecting a change technique
e. Implementing the change
The step of comprehensive approach change that is illustrated in the scenario is recognizing the need for change (option A)
Recognize is a term of Latin origin that is composed of three parts that are:
1. The prefix re, which is equivalent to the action of repetition
2. The verb cognoscere, which can be translated as knowing
3. The suffix -ment, which is a synonym of instrument.
In other words, recognizing is a term that refers to the action of recognizing, that is, carefully examining an object, situation, person, or another to know its content or current state.
According to the above, it can be inferred that the situation described corresponds to the recognition of a problem because the manager carefully examines why sales have dropped and recognize the cause for this consequence, recognizing that he must change something to avoid this situation.
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a corporation that wishes to borrow from the general public rather than a bank will issue
Any organization that decides to borrow from the public instead of a bank
or other financial organization will have to issue a bond.
A bond represents an instrument of indebtedness by the party involved
which could be the government or an organization. The bonds are issued to
them at a particular amount which is then used to run the business or for
other important purposes.
However, the bonds issued will have to be repaid after a certain period of
time. The principal and interest accrued is usually paid and is bound by law.
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in macroeconomics, what name is given to the costs of changing prices that businesses must consider?
Answer: menu costs
Explanation:
in macroeconomics, The name is given to the costs of changing prices that businesses must consider as menu costs.
What is Business?An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.
One reason for price-stickiness, a fundamental principle of New Keynesian economic theory, is menu costs. Prices that do not alter in reaction to macroeconomic developments are said to be price-sticky.
Therefore, As a result, The cost that was changed their prices in business as known menu cost.
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When applying the lower cost or market rule to the valuation of inventory, the allowance method is considered preferable to the direct method because
A. the allowance method reports a higher inventory net valuation for balance sheet purposes than the direct method
B. the allowance method reports the inventory loss or loss recover in a separate income statement account
C. the allowance method, unlike the direct method, reduces the value of inventory reported on the balance sheet
D. the allowance method reports smaller losses than the direct method
It should be noted that the allowances method is considered preferable because B. the allowance method reports the inventory loss or loss recover in a separate income statement account.
It should be noted that the most common approach when implementing the lower cost is to apply it to each individual item of inventory separately.
When applying the lower cost or market rule, the market value should not exceed the net realizable value. Also, the allowance method is more preferable than the direct method because it reports the inventory loss or loss recover in a separate income statement account.
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Planning is an important part of management. You find your batting cages can serve 20 customers each per day and take up about 1,600 square feet each. In two years, you hope to serve 300 customers per day. About how much room will you need just for batting cages?.
The spaces taken up to serve 300 customers per day is; 24,000 square feet each
According to the question;
We are required to determine how much room will you need just for batting cages.By proportion;
To serve 20 customers each per day; the batting cages take up about 1600 square feet each
To serve 300 customers each per day; the batting cages would take up about;
= (300 × 1600)/20= 24,000 square feet eachTherefore, 24,000 square feet each is required to serve 300 customers per day.
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50 POINTS
Colin has just been elected his citys new mayor. What skill would be beneficial to Colin in this position?
A. Colin is artistic and loves to create things
B. Colin has a great concentration and an education in medicine
C. Colin is organized and driven to complete tasks
D. Colin loves to work outside with animals
there would be more tasks as he is a mayor so he needs a good ability to complete every tasks
pancakes and waffles are:
a.complements
b.normal goods
c.substitute
d.inferior goods
Answer:
they are always compliments
Explanation:
is this based on our opinion?
job ________ involves division of an organization’s work among its employees and application of motivational theories to jobs to increase satisfaction and performance.
advertising expenses occupy approximately what percentage of global economic activity?
The advertising expenses occupies an approximate of one percentage of the global economic activity.
The global economic activity implies that total worldwide economic activities that took place between multiple countries.
The advertising expenses entails various advertisement cost incurred for the promotion of brand, entity, industry, product, service etc all over the globe.The advertising expenses accounts for an approximate of 2% of economic output in U.SHowever, In global scale, the advertising expenses occupies the approximate of 1% of the global economic activity.
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Think about the life cycle (i.e., Introduction, Growth, Shakeout, Maturity and Decline) of the electric vehicle industry. What stage of the life cycle is the electric vehicle industry?
state whether the item is an asset or a liability.)
i Motor Car
ii. Stock of goods
iii. Cash at bank
iv. Bank overdraft
v. The business owes a supplier for goods
vi. Loan
vii. Machinery
viii. Creditors
ix. Equipment
x. Money owing to bank
Answer:
v and i
Explanation:
A substantial one of these will keep you from going upside down on your loan, that is, owing more on your car than it is
worth:
A) finance charges
B) insurance
C) down payment
D) interest
Answer: C) Down Payment
Explanation: You should put more money down. You no longer need a 20% down payment to buy a home, but a down payment that’s too small can harm your equity.
Knowledge Matters ;0
if a tax is imposed on a market with inelastic demand and elastic supply, then:
Answer:
Buyers will bear most of the burden of the tax
Explanation:
Hope it helps
who wanna tlk im boooored
Answer:
sure why not
Explanation:
Answer:
When I answer 2 of your questions double the chance to talk.
Explanation:
The ______ is a measure of the rate of return an investor will earn if the investor buys the bond now and holds until maturity.
Answer:
Yield
Explanation:
YTM = Yield to Maturity
50 POINTS
Danielle is a cosmetologist who specializes in hair color. What skill might benefit Danielle in her career?
A. Danielle enjoys working alone
B. Danielle likes math and solving puzzles
C. Danielle is friendly and outgoing
D. Danielle is competitive and likes sports.
Who amongst the following develops or hones technical skill in a company or industry?
8 letter word
Based on business strategies and operations, the person that develops or hones technical skills in a company or industry is a "Producer."
This is because a Producer is an individual responsible for providing the financial and managerial elements in the production process.
A Producer may not have the technical skills in production and business management at the beginning of the business.
However, as the business continues to grow, the producer also improves his technical skills by understanding and experiencing the dynamics of production and the industry.
Hence, in this case, it is concluded that the correct answer is "Producer."
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Exhibit 13-1
Bank
Increase in Checkable Deposits
New Required Reserves
New Checkable Deposits Created by Extending New Loans
A$0
$0
$1,000
B
$1,000
(A)
(B)
C
(C)
$90
(D)
D
$810
(E)
(F)
Assume that the required reserve ratio is 10%, that there are no cash leakages, and that banks hold zero excess reserves.
Refer to Exhibit 13-1. Suppose that the Federal Reserve conducts open market operations by purchasing $1,000 worth of government securities from Bank A. At the end of this process of money creation, what is the total amount of new checkable deposits?
a. $100,000
b. $10,000
c. $1,000
d. $1,000,000
Answer:
1,000,000"
Explanation:
If the marginal propensity to consume (MPC) is 0.80, and if policy makers wish to increase real GDP $200 billion, then by how much would they have to change taxes
Answer:
200b
100m263min taxes exchange