the value of the cpi was 100,106,114.48 if a basket of goods and services has been selected to calculate the cpi and 2002 has been chosen Consumer Price Index as the base year.
Given
Cost of Basket in 2002 (based year = $ 75
cost of basket in 2004 = $ 79.5
Cost of Basket in 2006 = $85.86
formula for CP1 is
CPI = [tex]\frac{cost of basket in given year}{cost basket in base year}[/tex]×100
so, CPI in 2002= $75/$75*100
= 100
CPI in 2004 = $79.5/$75 x 100
=106
CPI in 2006 = $ 85.86/$ 75 = 114.48
∴ CPI : 100 in 2002
106 in 2004
114.48 in 2006
The Consumer Price Index (CPI) tracks changes in consumer prices on a monthly basis in the United States. The cost-of-living index (CPI) is determined by the Bureau of Labor Statistics (BLS) as a weighted average of prices for a sample of products and services that is indicative of total consumer spending in the United States.
The CPI is among the most widely used indicators of inflation and deflation. The producer price index (PPI), which tracks changes in the prices paid to US producers of goods and services, has a different survey methodology, pricing samples, and index weights than the CPI report.
Learn more about Consumer Price Index here
https://brainly.com/question/12988188
#SPJ4
emil company expects that its asset will be more useful during early years of its life than during later years. in addition, the company estimates that repair costs will increase over time. which method(s) may help equalize total expenses recognized over the service life of this asset? (select all that apply.)
The methods that help equalize total expenses recognized over the service life of this asset are option(a) and option(c) i.e,sum-of-the-years digits and declining balance.
Any resource that a company or other economic body owns or controls is considered to be an asset. Anything that has the potential to provide positive economic value qualifies. The ownership value that can be turned into cash is represented by assets. Because they can create income or be turned into cash, assets are valued.
One of a company's most important financial statements, the balance sheet, lists assets. In an accelerated depreciation scheme known as the declining balance method, bigger depreciation expenses are recorded in the earlier years of an asset's useful life and smaller depreciation expenses are recorded in the asset's later years.
To know more about assets refer to: https://brainly.com/question/14404094
#SPJ4
The complete question is:
Emil Company expects that its asset will be more useful during early years of its life than during later years. In addition, the company estimates that repair costs will increase over time. Which method(s) may help equalize total expenses recognized over the service life of this asset? (Select all that apply.).
sum-of-the-years digits
retirement
declining balance
straight-line
according to the classical view, if consumer demand slowed down: group of answer choices prices would decrease and the economy would return to its long-term growth trend prices would increase and the economy would return to its long-term growth trend wages would increase and the economy would return to its long-term growth trend investment and government demand would increase and the economy would return to its long-term growth trend
According to the classical view, if consumer demand slowed down Prices would decrease and the economy would return to its long-term growth trend.
The goal of the long-term growth (LTG) investing strategy is to raise a portfolio's value over a number of years.Long-term growth is typically intended to produce above-market returns over a period of ten years or more. However, long-term is relevant to an investor's time horizons and individual style.Long-term growth portfolios may be more aggressive and comprise an 80% stock to 20% bond ratio.Long-term investing (LTI) is often intended to provide above-market returns over a period of ten years or more, while LTI is relative to an investor's time horizons and individual style.Due to the longer time horizon, Long-term growth portfolios can be more aggressive, containing a higher proportion of equities compared to fixed-income securities like bonds.Learn more about Long-term growth, here
https://brainly.com/question/28198706
#SPJ4
an organization’s is a statement of its fundamental, unique purpose that sets a business apart from other firms of its type and identifies the scope of the business’s operations in product and market terms.
An organization's mission is a statement of its fundamental, unique purpose that sets a business apart from other firms of its type and identifies the scope of the business's operations in product and market terms. The correct answer is option(a).
A succinct, comprehensive description of an organization's objectives and plans for achieving them is known as a mission statement or an organization's mission. It frequently discusses the services that the company provides as well as how it wishes to benefit its clients, the local community, its workers, its shareholders, and other interested parties.
The harvesting of value from a business's assets is referred to as business operations. Rent is an illustration of value that is obtained from a tangible asset, such as a building. A royalty is an illustration of value created from an idea or other intangible asset.
To know more about business operations refer to: https://brainly.com/question/24142702
#SPJ4
The complete question is:
An organization's _____ is a statement of its fundamental, unique purpose that sets a business apart from other firms of its type and identifies the scope of the business's operations in product and market terms.
a. mission
b. statement of qualification
c. article of incorporation
d. operational goal
e. tactical plan
samira, an hr manager, is designing a training for those working on the new cross-functional teams within her company. this class is aimed at improving group decision making and interpersonal relations skills. what method of delivery should samira choose?
Samira should choose a delivery method that includes role-playing, practice, and discussion.
What is method?
A method is generally a way to carry out a task. Similar to this, a Java method is a group of commands that carry out a specific task. It allows for the reuse of code. Using methods, we can modify code with ease as well. This section explains what a method in Java is, the different kinds of methods, how to declare a method, and how to contact a method in Java. A method is a section of code, group of statements, or body of code used to carry out a specific task or operation. It helps to make code more reuseable. A method is created once and used repeatedly.
To learn more about method
https://brainly.com/question/26711803
#SPJ4
What type of business intelligence systems combine models and data in an attempt to solve semi-structured and some unstructured problems with extensive user involvement?.
Decision support system is the type of business intelligence systems combine models and data in an attempt to solve semi-structured and some unstructured problems with extensive user involvement.
What is Decision support system?They are set of computer programs that can be used in solving problems.
The programs used are usually related and they help to generate meaningful information that helps in solving problems.
They help to analyse data and prepare results that are considered as best options.
Therefore, decision support system helps to combine models and data to solve semi-structured and some unstructured problems.
Learn more on data below
https://brainly.com/question/26711803
#SPJ1
which of the following statements is correct regarding the concept of branding? question 6 options: brands cannot be built through advertising, public relations, sponsorships, social media, or similar techniques. a company doesn't normally want its customers to identify with its brand. startups usually start with an established brand. a brand can be one of a company's most valuable assets. a brand can denote a negative impression of a company.
The information a customer receives about a product or service from advertisements and online media is referred to as this. It is one of the most important ways that customers learn about their choices.
What is a brand and how does it work?
A brand is a product, service, or idea that is publicly distinguished from other products, services, or ideas to make it simple to communicate and typically market. The process of creating and disseminating the brand name, its characteristics, and personality is known as branding.
Social media branding is about consistently engaging with your target audience on social media platforms in the appropriate manner.
Learn more about brand here:
https://brainly.com/question/25922327
#SPJ4
how should unearned rent that has already been paid by tenants for the next eight months of occupancy be reported in a landlord’s financial statements? current liability. long-term asset. long-term liability. current asset.
By Current liability the unearned rent that has already been paid by tenants for the next eight months of occupancy be reported in a landlord’s financial statements.
Current liabilities are a business's short-term debts that are due in a year or within a typical operational cycle. The time it takes for a business to buy inventory and turn that stock into cash from sales is known as an operational cycle, also known as the cash conversion cycle. Invoices payable to suppliers are an illustration of a current liability.
Current assets, or possessions used up within a year, are generally used to satisfy current liabilities. Accounts receivable, or money owed by customers for sales, is a type of current asset. The ability of a corporation to continue making timely debt payments is significantly influenced by the ratio of current assets to current liabilities.
Learn more about Current liabilities, here
https://brainly.com/question/14287268
#SPJ4
if a customer wishes to open a cash account in his name only and allow a third party to make trading decisions but not withdraw cash and securities, he must instruct his broker-dealer to open
'If a customer wishes to open a cash account in his name only and allow a third party to make trading decisions but not withdraw cash and securities, he must instruct his broker-dealer to open a cash account with limited power of attorney.
In business practice, a cash account means a business-to-business or business-to-consumer account maintained on an immediate payment basis. H. Credits are not provided.
A cash account is a type of custody account that requires an investor to deposit the full amount of securities purchased. An investor with a cash account cannot borrow money from a brokerage firm to pay for transactions on the account (margin trading).
In accounting, a cash account or cash book can refer to a general ledger that records all cash transactions. Cash accounts include both cash receipts and cash payments.
Learn more about cash account https://brainly.com/question/24179665
#SPJ1
show the short-run impact of a $2 per unit excise tax imposed on firms in a competitive industry. (assume the industry is in long-run equilibrium before the tax was imposed.) how would the long-run results differ? (explain briefly.) what is the impact on efficiency of the tax?
A $2 tax per unit imposed on businesses in a cutthroat market will, in the short term, result in less supply of goods. Taxes will cause both the producer surplus and the consumer surplus to decline.
The elasticity of the demand and supply curves will, however, determine how much of an impact taxes have..
Leftward sloping supply curve will occur. Given that the demand will remain the same in the short term, this will result in higher pricing. The equilibrium shifts from point up to point down as a result.
Producer surplus in a completely competitive market is zero over the long run since the economy is running at a loss. It will therefore not alter. However, the consumer surplus will decline. Therefore, in the long run, only consumers will be impacted.
Learn more about supply curve here:
https://brainly.com/question/1915798
#SPJ4
e. under what circumstances might an audit team have a duty to disclose management’s frauds to parties other than the company’s management and its board of directors?
Fraud or error are the two causes of risk assessment financial statement inaccuracies. Fraud and error vary in that the underlying conduct in the former is deliberate.
The risk assessment methods to be followed are as follows:
1. Auditors must: in order to gather data used for risk identification.
2. To acquire the management's, internal audit team's, and those in charge of governance's opinions on the risk assessment of fraud, the auditor should ask them whether any instances of actual or claimed fraud have happened in the past.
3. Ask yourself if any further information you Fraud have indicates a fraud risk.
4. Based on the data gathered during the evaluation, analyze any fraud risk indicators that may be present.
5. Recognize unusual or unexpected Fraud relationships while carrying out analytical procedures, and assess them to risk assessment determine the likelihood of material misstatement as a result of fraud.
6. Assume that revenue recognition will be subject to risks depending on the evaluated transactions.
Learn more about risk assessment here
https://brainly.com/question/14804333
#SPJ4
when supply and demand both increase, equilibrium a. price will increase. b. price will decrease. c. quantity may increase, decrease, or remain unchanged. d. price may increase, decrease, or remain unchanged.
D. When supply and demand both increase, equilibrium price may increase, decrease, or remain unchanged.
With everything else remaining the same, an increase in demand will result in a rise in the equilibrium price and an increase in supply. Reduced demand will result in a drop in the equilibrium price and a reduction in supply.
With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required. The equilibrium price will increase as the supply declines, while the quantity needed will go down.
Learn more about equilibrium here:
https://brainly.com/question/13463225
#SPJ4
a flood control project at pleasant valley dam is projected to cost $1,920,000 today, have annual maintenance costs of $57,000, and have major inspection and upkeep after each 8-year interval costing $250,000. if the interest rate is 10%/year. part a determine the total capitalized cost.
If the interest rate is 10%/year, then the total capitalized cost is $2,708,610.03
The $210,000 which occurs every four years can be converted to an Annual value using the A/F factor. Dividing the resulting Annual values by 'r' will yield the capitalized cost
A/F Factor is calculated as below
A/F Factor at 10% for 8 years = [tex]\frac{r}{ (1+r)^n -1}[/tex]
= [tex]\frac{0.10}{1.1^8 - 1}[/tex]
= 0.08744401
Capitalized Cost = $1,920,000 + (57000 / 0.10) + (250,000 × 0.08744401) / 0.10 = $2,708,610.03
On a company's balance sheet, a capitalized cost is an item that is added to the cost base of a fixed asset. When constructing or acquiring fixed assets, capitalized expenditures are incurred. Capitalized expenses are not written off in the period they are incurred, but rather are recognized over time through depreciation or amortization.Learn more about Capitalized Cost, here
https://brainly.com/question/13503615
#SPJ4
altira corporation provides the following information related to its inventory during the month of august 2024: august 1 inventory on hand—2,100 units; cost $6.20 each. august 8 purchased 10,500 units for $5.60 each. august 14 sold 8,400 units for $12.10 each. august 18 purchased 6,300 units for $5.40 each. august 25 sold 7,400 units for $11.10 each. august 28 purchased 4,100 units for $5.80 each. august 31 inventory on hand—7,200 units. 2. using calculations based on a perpetual inventory system, determine the inventory balance altira would report in its august 31, 2024, balance sheet and the cost of goods sold it would report in its august 2024 income statement using the average cost method.
Using the average cost method based on a perpetual inventory system, the inventory balance Altira would report on its August 31, 2024, balance sheet is $40,896.
Using the average cost method based on a perpetual inventory system, the cost of goods sold that Altira would report in its August 31, 2024, income statement is $88,728.
What is unique about the average cost method under a perpetual inventory system?The uniqueness of the average cost method under a perpetual inventory system involves the calculation of the average cost whenever sales are made.
The cost of goods sold and ending inventory are valued based on the average cost per unit and not their actual unit costs.
August 1 inventory on hand—2,100 units; cost $6.20 each $13,020
August 8 purchased 10,500 units for $5.60 each $58,800
Cost of goods available for sale = $71,820 (2,100 x $6.20 + 10,500 x $5.60)
Average cost per unit = $5.70 ($71,820/12,600)
August 14 sold 8,400 units for $12.10 each.
Cost of goods sold on August 14 = $47,880 ($5.70 x 8,400)
Balance of inventory = 4,200 units at $5.70 = $23,940
August 18 purchased 6,300 units for $5.40 each $34,020
Cost of goods available for sale = $57,960 (4,200 x $5.70 + 6,300 x $5.40)
Average cost per unit = $5.52 ($57,960/10,500)
August 25 sold 7,400 units for $11.10 each
Cost of goods sold on August 25 = $40,848 ($5.52 x 7,400)
Balance of inventory ($5.52 x 3,100) = $17,112
August 28 purchased 4,100 units for $5.80 each $23,780
Cost of goods available for sale = $40,892
Average cost per unit = $5.68 ($40,892/7,200)
August 31 inventory on hand—7,200 units x $5.68 = $40,896
Cost of goods sold:August 14 $47,880 ($5.70 x 8,400)
August 25 $40,848 ($5.52 x 7,400)
Total = $88,728
Learn more about the average cost method at https://brainly.com/question/15684883
#SPJ1
what three tasks must be done before an approximate price level can be selected? multiple select question. estimate demand and revenue identify pricing objectives and constraints make special adjustments to list or quoted price assess competitors' pricing determine cost, volume, and profit relationships
Three tasks that need to be done before approximating price levels include estimating demand and revenue, identifying pricing objectives and constraints, and determining cost, volume, and profit relationships. Thus, the correct options are (a), (b), and (e).
Pricing level refers to the way of setting the price of goods and services that manufacturers receive in exchange for selling them to consumers. Fixing appropriate price levels is an integral part of the marketing process as the right price levels can generate more sales and the wrong one can have an adverse effect on potential customers.
So, whenever pricing for products is set, it is vital to first identify pricing objectives and constraints; next estimate demands, and revenues; and then determine relationships between cost, volume, and profit.
Other options are not selected because:
Although both options (c) i.e. make special adjustments to list or quoted price and (d) i.e. assess competitors' pricing are also tasks of the process of price level fixing, but it is mentioned in the question to select only three tasks which we have selected on prioritization basis.
You can learn more about pricing at
https://brainly.com/question/7452044
#SPJ4
the fundamental purpose of an organization's mission statement is to: a. define the operational structure of the organization. b. generate good public relations for the organization. c. define the organization's purpose in society. d. define the functional areas required by the organization.
The primary goal of an organization's mission statement is to outline the role that the organization plays in society.
The mission statement of an organization is a succinct statement that explains its purpose for being and doing what it does in society. Along with organization describing the organization's major clients, the products they want to sell, and other information, it also discusses the organization's objectives.
In this form of organizational structure, every employee is given two superiors in two different tiers. A "functional" hierarchy guarantees that each sort of expert in a company is well-trained and evaluated by a society supervisor who is a super-expert in the same field. The opposing organization strategy is "executive," which uses specialists to execute projects. Projects may be arranged according to regional areas, customer kinds, or other criteria.
The term "formal organization" refers to a group that has been created with the intention of achieving specific goals. Its design explains how society objectives are separated into constituent parts of the organization. This organizational structure is made up of divisions, departments, roles, jobs, and duties. So, when it comes to interactions with clients or members, the official organization is expected to act impersonally.
Learn more about organization here
https://brainly.com/question/28120945
#SPJ4
1) What will likely happen to the price of oranges if a drought causes many orange
crops to die out?
Due to the limited number of orange crops, the price would rise.
What is the market shortage?Sometimes the market is not in equilibrium, meaning that the amount supplied and the amount requested are not equal. Either there is an excess of supply or demand at this time.
When there is excess demand—that is, when the amount wanted exceeds the amount supplied—a market shortage results. Customers won't be able to purchase as much of a product as they would like in this scenario.
Producers will increase both the cost of their goods and the quantity they are ready to supply in response to consumer demand. Some customers will find the price rise to be too much and stop buying the product.
While this is happening, more products will be accessible to fulfill other customers. Equilibrium will eventually be reached.
Learn more about the market shortage, from:
brainly.com/question/28607026
#SPJ2
assume the annual cost of a college education will be $30,000 when your child goes to college in 18 years. you now have $6,500 to invest. what annual rate of interest must you earn on your investment to cover your child's first year cost? [10 pts]
If the annual cost of a college education is expected to be $30,000 when your child enrolls in college in 18 years, you must earn 8.87% in annual rate on your investment to cover the cost of their first year.
Let's assume your child has just been born.
So time t = 18 years
Future value (annual cost) = $30,000
Present Value P = $6500
rate of interest r=?
F=P*(1+r)^t
30000 = 6500* (1+r)^18
(1+r)^18 = 30000/6500
(1+r)^18 = 300/65
1+r = (4.615)^(1/18)
1+r = 1.08868
r = 0.08868
r = 8.87%
hence annual rate should be 8.87%
The term annual rate describes the annual interest that is produced by a payment that is owed to investors or levied to borrowers. The annual percentage rate, or APR, is a measure of the real cost of borrowing money over the course of a investment loan or the income generated by an investment. This includes any fees or other expenditures related to the transaction, but does not account for compounding. Consumers may investment compare lenders, credit cards, and investment goods using the annual rate which gives them a concrete number to work with.
Learn more about annual rate here
https://brainly.com/question/17088238
#SPJ4
to enhance the speed and effectiveness of decision making, kaia is restructuring her company's activities around related diversification. she plans to allow some of the work to be decentralized, while other aspects will be centralized. which type of organizational structure is kaia designing?
The type of organizational structure that kaia is designing when she enhance the speed and effectiveness of decision making, and help in restructuring her company's activities is functional organizational structure.
What is functional organizational structure?A functional organizational structure can be described as the structure that is been used in the organization of the company as well as the workers.
It should be noted that the functional organizational structure focus on the grouping as well as the positioning of the workers in the organization, however doing this could come ion different form such as the grouping of the workers base on the skill they can render as well as the way they are best fit for the organization to archive high productivity that is been needed by the organization.
In conclusion, with the case above we can see that Kaia was trying to group as well as arrange the workers base on how they were fit to perform various task that is required in the organization.
Read more about organizational structure at:
https://brainly.com/question/2636977
#SPJ1
he higher the fixed asset turnover, the a.more efficiently a company is using its intangible assets in generating sales b.less efficiently a company is using its fixed assets in generating sales c.more efficiently a company is using its current assets in generating sales d.more efficiently a company is using its fixed assets in generating sales
The higher the fixed asset turnover, the b.less efficiently a company is using its fixed assets in generating sales.
Fixed assets turnover=net sales/average net fixed assets.
An advanced fixed asset development rate indicates that a company has effectively used investments in fixed means to induce sales. The more advanced the asset development rate, the better the company is performing, since advanced rates indicate that the company is generating further profit per bone of means. The asset development rate tends to be more advanced for companies in certain sectors than in others.
While an advanced fixed asset development rate is generally better, if the fixed asset development rate is too high, also the business establishment is likely operating over capacity and needs to either increase its asset base( factory, property, outfit) to support its deals or reduce its capacity.
Learn more about asset turnover here: https://brainly.com/question/22848654
#SPJ1
The chief operating officer of middleton community hospital is aware that the hospital’s medical staff and other employees are overworked but is unsure how to solve the situation. She seeks a proposal from a consultancy firm. What is the proposal most likely to provide?.
Answer:
1: Provide more staff. 2: Ask what the medical staff what they think will better lighten the load.
Explanation:
1: If the current number of staff is over worked than providing more staff will thin the number of problems because there will be less problems needed to be solved.
2: When you ask the medical staff what they think will better lighten the load, you get direct answers that will better help you understand what you need to do.
suppose the economy is initially in long-run equilibrium. then suppose there is a drought that destroys much of the wheat crop. according to the model of aggregate demand and aggregate supply, what happens to prices and output in the short run? a. prices rise; output rises. b. prices rise; output falls. c. prices fall; output rises. d. prices fall; output falls.
Initial long-term equilibrium exists in the economy. Output decreases when prices rise.
What takes place when the economy reaches long-term equilibrium?
When an economy is said to be in long-run equilibrium, real GDP is at its maximum potential output, the natural rate of unemployment (about 6%) is equal to the actual rate, and the actual price level is equal to the anticipated price level.
What does it mean for an economy to be in long- and short-term equilibrium?
When the total amount of output and demand are equal, this is known as short-run equilibrium. When the economy is operating at its maximum potential and prices are adjusted to reflect changes in the market, this is long-run equilibrium.
Learn more about equilibrium here:
https://brainly.com/question/517289
#SPJ4
What is the value of a stock that you believe will sell in three years for $81 a share and will pay $3. 00 in dividends every year for the three-year period assuming your required return is 10%?.
A stock that you think will go for $81 per share in three years and will pay $3.00 in dividends annually for that time period, providing your needed return is 10%, is worth $68.32.
N = 3
I = 10
PV = ? = $68.32
PMT = 3
FV = 81
A stock, usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing dividends company. Shares, also known as units of stock, entitle its owners to a share of the company's assets and income in proportion to the number of shares they possess.
Most individual investors' portfolios are built on stocks, which are mostly bought and sold on stock exchanges. Government standards designed dividends to shield investors from dishonest tactics must be followed during stock trades.
In order to raise money to run their operations, corporations issue stock, and the holder of that shares, known as a shareholder, may be entitled to some of the company's assets and earnings.
Learn more about stock here
brainly.com/question/8040499
#SPJ4
graciella is making a persuasive complaint at work. which of these examples illustrate how to convey a complaint logically, clearly, and unemotionally? a. for the past two weeks, fax machine no. 223- 51 has been unavailable to complete essential business for 25 of our employees due to incomplete service. please ensure our equipment is repaired by friday. b. if you can't be bothered with maintaining our equipment in good working order, how can i be confident that you care about your employees? i can't be bothered filing repeated repair requests either. c. did you realize that bill has still not fixed the fax in workroom 223 despite the work request i completed two weeks ago? make bill fix it!! d. i have put up with a broken fax in workroom 223 for three weeks, and i am just fed up with this waste of my time. repair the fax or else!
Therefore correct option is (a) For the past two weeks, fax machine no. 223- 51 has been unavailable to fulfill essential business for 25 of our employees due to incomplete service. please ensure our technology is repaired by Friday.
An example of a service is the labor performed by barbers, physicians, attorneys, mechanics, banks, insurance firms, and other service providers. A service is defined as a "(intangible) act or usage for which a customer, company, or government is ready to pay." Government services are those that are funded by the entire society . Service providers profit from resources, expertise, innovation, and experience to the advantage of service customers. Services may be viewed as intangible activities or performances that the service provider offers to the client in exchange for payment.
Learn more about Service here:
https://brainly.com/question/17247526
#SPJ4
on each of the 22 work days in a particular month, every employee of a start-up venture was sent a company communication. if a total of 4730 company communications were sent, how many employees does the company have, assuming that no staffing changes were made that month?
The number of employees does the company have, assuming that no staffing changes were made that month should be 215.
Since Every employee of a start-up business received a company communication on each of the 22 working days in that particular month. In addition, a total of 4730 business communications were sent.
So, the no of employees is
4730 ÷ 22
= 215
Consequently, the organization should have 215 employees if no staffing adjustments were done in that particular month.
The activity of running a business involves creating, purchasing, and reselling commodities in order to support one's lifestyle (such as goods and services). Furthermore, it refers to "any activity or enterprise undertaken for profit."Learn more about Business, here
https://brainly.com/question/15826771
#SPJ4
30 POINTS!! PLEASE HELP ASAP!!
When Jerry buys fuel for his own vehicle, the transaction shouldn't be noted in the company's account.
Using the prudence principle, determine what should or shouldn't be added to the company's account.The following transactions need to be added to the business's account:
Jacob supplied the company with items on credit.Sarah calculates that the office's market worth has increased by $50,000.JSL Inc. acquired shares in a different corporation.The following transaction shouldn't be recorded in the business's account:
Jerry buys gasoline for his own vehicle.Theo predicts that he would need to spend more money on buying raw materials next month.What exactly is the prudential concept?Avoid overestimating revenues recognized or underestimating expenses in accordance with the prudence idea. Additionally, when recording the value of assets, one should exercise caution and not grossly underestimate obligations. The outcome ought to be conservatively- financial disclosures
By avoiding the overstatement of income and assets in the firm's reporting, this approach makes sure the company is not overvalued. The prudence concept departs from standard accounting in that it anticipates no profits and accounts for all potential losses.
Learn more about prudence principle: https://brainly.com/question/14297228
#SPJ13
A company recorded an event that caused assets, liabilities and cash flow from financing activities to increase, but had no affect on net income. This event could have been due to ______.
This event could have been due to borrowing money with a two year term to maturity.
The life of a transaction or financial instrument ends on the day of maturity, at which point it must be renewed or it will no longer be in existence. The phrase is frequently used to describe deposits, spot foreign currency trades, future deals, interest rate and commodities swaps, options, loans, and fixed income securities like bonds.
As part of a marketing to draw in new investors, financial institutions may change maturity dates momentarily. A bank could provide a higher rate of return for a short-term certificate of deposit (CD) for promotional purposes. The promotional CD will typically renew at maturity at the same rate and duration as a regular CD.
If a bond is not paid for at maturity, the issuer may default on the obligation, which would have a negative effect on the issuer's credit rating and ability to raise money through other bond issues in the future.
Learn more about Maturity, here
https://brainly.com/question/14746626
#SPJ4
will owes juan $1,000 due on july 1. juan assigns the debt to joshua on june 1, but neither juan nor joshua informs will. on july 1, will pays juan $1,000. is will fully discharged from his obligation?
Yes, he will be fully discharged from his obligation because he didn't receive notice of Juan's assignment to Joshua.
Discharge of obligation:A discharge of obligations refers to that parties to the contract which are no longer liable for any terms and condition of the agreement, and no further promises may be enforced.
Why is discharge of contract important?The discharge of the contract occurs when the obligations of the contract between the parties of the contract comes to an end. This often ends the legal validity of the contract. The discharge of the contract is also known as the termination of the contract.
Learn more about Discharge of obligation:
brainly.com/question/25789642
#SPJ4
What does the concept of scarcity explain?choose three answers
The concept of scarcity explains:
why consumers are willing to pay high prices for items.why decisions must be made on how to use resourceswhy a single resource has more value than another resource.Scarcity as an economic idea "refers back to the basic reality of lifestyles that there exists most effective a finite quantity of human and nonhuman resources which the first-rate technical expertise is capable of the usage of to provide most effective restricted most amounts of each economic appropriate. shortage in economics refers to whilst the call for for a resource is greater than the deliver of that aid, as assets are limited. shortage consequences in purchasers having to make selections on how high-quality to allocate assets a good way to satisfy all simple needs and as many desires as feasible. shortage refers back to the confined availability of a useful resource in contrast to the infinite desires. shortage may be with appreciate to any natural assets or with admire to any scarce commodity. scarcity can also be called paucity of sources.
Learn more about scarcity here:https://brainly.com/question/3081250
#SPJ1
Answer:
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why a single resource has more value than another resource.
Explanation:
why a product could lose significant value over time.
why people continue to purchase different products.
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why resources can be both renewable and nonrenewable.
why a single resource has more value than another resource.
(i took the test)
brussels enterprises issues bonds at par dated january 1, 2021, that have a $3,100,000 par value, mature in four years, and pay 6% interest semiannually on june 30 and december 31.
1. 1 Jan 2019
Cash 2100000 Dr
Bonds Payable 2100000 Cr
2.
30 June 2019
Interest expense 73500 Dr
Cash 73500 Cr
31 Dec 2019
Interest expense 73500 Dr
Cash 73500 Cr
1.Because no market interest rate is given, the bonds are assumed to be issued at par value, which is the same as the interest rate on bonds of 7%. The issuance of bonds at par results in a debit to the cash received account and a credit to the bonds payable account.
2. The semi-annual bond interest payment is,
Semi-annual bond interest = 2100000 * 0.07 * 6/12 = 73500
The given interest rate is a 7% annual interest rate. As a result, we multiply it by 6/12 to get the semi-annual interest.
Here is the complete question-
Brussels Enterprises issues bonds at par dated January 1, 2019, that have a $2,100,000 par value, mature in four years, and pay 7% interest semiannually on June 30 and December 31. 1. Record the entry for the issuance of bonds for cash on January 1. 2. Record the entry for the first semiannual interest payment and the second semiannual interest payment.
Learn more on interest-
https://brainly.com/question/13324776
#SPJ4
You are interested in saving money for your first house. Your plan is to make regular deposits into an account that will earn 12. 20% per year. Your first deposit of $4,500 will be made today. You also plan to make additional deposits at the end each of the next 9 years of $2,000. How much money will be in your account after making your final deposit?.
If your aim is to make regular installments into an Interest rate account that would earn 12.5%, when you make your final deposit, you will have $42.483.563 in your account. 20% yearly.
Interest rate = 12.20% Per year
Deposits = $4,500 today and $2,000 per year for next 9 years
Future value of deposits = Deposit today * (1+1)^n + Annual deposit * ((1+I)^n -1 ]/I
= $4,500 * ( 1 + 12.20%) 9 + $2.000 * [( 1 + 12.20%) 91]/12.2%
= $4,500 * 2.8179658+ $2.000 * 14.901359
= $42.483.563
The fee that a lender assesses on a final deposit borrower is known as the interest rate, which is expressed as a percentage of the principal, or the loaned amount. Usually, the annual percentage rate (APR), which is how loans' interest rates are expressed, is indicated (APR).
Also subject to interest rates are earnings from final deposit savings accounts and certificates of deposit held by banks and credit unions (CD). Interest rate on these bank accounts is referred to as annual percentage yield (APY).
Learn more about Interest rate here
https://brainly.com/question/13324776
#SPJ4