Answer: The business shown in the graph had a net income or gain. The reason being is one quick glance shows that the business shows its revenue and assets in a teal blue. That teal blue is well above owners equity, total liabilities, and total expenses.
The chart shows that the business is doing great and is pulling in massive profits. The chart also shows that whatever the business is doing they can continue to do so for a while until market or economic changes occur that would render their strategies ineffective.
Based on my financial statements I would likely use self financing. At the very least in the initial stages of the business. This is because I'd rather not owe anyone for a business that doesn't even generate revenue yet. However after the business is stable and more money is needed for growth then I would entertain the possibility of getting a grant or seeking an investor.
Explanation: I'm not sure this is the best answer but this question is more opinion than anything, try taking my answer as an example and work off of that in order to make yours more unique.
Answer:
Based on the charts the company is making a Net Income because almost all four quarters had a profit. In order to find out if they had a profit or not, I added up the Total Revenue and Total Expenses. Total revenue made around $100,000 and the total expenses were around $61,000. I calculated that the company roughly made $39,000 in profit for that year.
The chart shows that the business is doing well and is attracting huge profits. The chart also shows that whatever the business is doing they can continue to do so for a while until market or economic changes make their strategies ineffective.
Based on my financial statements I would try to get a loan to help finance the company because the company is making a profit of 15%. With a profitable business with proof, it can be used to show that the company is able to pay of the loan and fees. This financial source is the best for my situation because the business is too large for funding from self financing and family or friends, is too small for Angel Investors, and is too much for a credit card. The loans allow the company to pay off at a gradual rate for a fixed term.
Explanation:
These were answers for when I finished the project.
EDGE 2021
**Please do not copy word for word**
Only use as an example so you don't plagiarise
Jerry and Ann paid the following amounts during the current year: Interest on automobile loan $1,500 Interest on bank loan (proceeds were used to purchase municipal bonds) $5,000 Qualified home mortgage interest $3,150 What is the maximum amount they can use as interest expense in calculating itemized deductions for the current year
Answer:
the maximum amount is $3,150
Explanation:
The computation of the maximum amount that could be used as an interest expenses while calculating the item deductions for the present year is shown below:
Here we considered only the home mortgage interest i.e. qualified i.e. $3,500
The other things would not be considered like interest on automobile loan, interest on bank loan etc as it is not allowed
Therefore the maximum amount is $3,150
Concord Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Concord Company uses the periodic inventory system.
Answer:
the numbers are missing, so I looked for a similar question:
Purchases Sales Units Unit Cost Units Selling Price/Unit
3/1 Beginning inventory 100 $40
3/3 Purchase 60 $50
3/4 Sales 60 $80
3/10 Purchase 200 $55
3/16 Sales 70 $90
3/19 Sales 90 $90
3/25 Sales 60 $90
3/30 Purchase 40 $60
the requirements are:
calculate COGS and ending inventory under FIFO, LIFO and weighted average.
since this company uses the periodic inventory level we must first determine the total cost of goods available for sale:
3/1 Beginning inventory 100 $40
3/3 Purchase 60 $50
3/10 Purchase 200 $55
3/30 Purchase 40 $60
total goods available for sale = 400 units, at a total cost of $20,400
total units sold = 60 + 70 + 90 + 60 = 280 units
ending inventory = 120 units
under FIFO:
ending inventory = (40 x $60) + (80 x $55) = $6,800
COGS = $20,400 - $6,800 = $13,600
under LIFO:
ending inventory = (100 x $40) + (20 x $50) = $5,000
COGS = $20,400 - $5,000 = $15,400
under weighted average:
ending inventory = ($20,400 / 400) x 120 = $6,120
COGS = $20,400 - $6,120 = $14,280
Which of the following should the closing paragraph not do?
Answer:
3
Explanation:
Answer: B - Describe why are you interested in the company
Explanation: that’s the correct answer !!!
ILL GIVE BRAINLIEST!! HELP ASAP!!
Type the correct answer in the box. Spell all words correctly.
Which source of funds refers to the money raised by corporations through stock markets?
_______ refers to the money raised by corporations through stock markets?
Answer:
Equity Capital or equity funding refers to the money raised by corporations through stock markets
Explanation:
Answer: Capital Market
Explanation: plato
Eve's Apples opened for business on January 1, 2021, and paid for two insurance policies effective that date. The liability policy was $55,800 for 18 months, and the crop damage policy was $19,200 for a two-year term. What was the balance in Eve's Prepaid Insurance account as of December 31, 2021?
Answer:
The balance of Eve's Prepaid Insurance account as of December 31, 2021 is $28,200
Explanation:
Computation of prepaid Insurance
Insurance 1 ($55,800*6/18) = $18,600
Insurance 2 ($19,200*12/24) = $9,600
Total Prepaid Insurance $28,200
On December 1, 2021, Davenport Company sold merchandise to a customer for $20,000. In payment for the merchandise, the customer signed a 6% note requiring the payment of interest and principal on March 1, 2022. How much interest revenue will the company recognize during 2021
Answer:interest revenue the company recognize during 2021 is $100
Explanation:
Interest for 2021 = Principal x Rate x Time
= $20,000 X 6% x 1/ 12 ( From 1st t0 31st December is 1 Month)
=$100
Journal to record accrued interest by Davenport Company
Date Accounts Titles Debit Credit
Dec 31st, 2021 Interest Receivable $100
Interest Revenue $100
Therefore, the interest revenue the company will recognize during 2021 is $100.
Bathtub Refinishing Oldsmar FL
Answer:
cool
Explanation:
Security A: Probability 30% of Return 7%; Probability 50% of Return 12%; Probability of 20% of Return 17%. Security B: Probability 35% of Return 6%; Probability 65% of Return 16% What is the expected return for Security A
Answer:
the expected return for security A is 11.50%
Explanation:
The computation of the expected return for security A is shown below:
The Expected return for security A is
= Respective Return × respective probability
= (0.3 × 7) + (0.5 × 12) + (0.2 × 17)
= 11.50%
hence, the expected return for security A is 11.50%
We simply applied the above formula so that the correct value could come
And, the same is to be considered
What is the breakeven point, in dollars, for Zippy Dippy Swimwear, maker of bathing suits and accessories. They have the following costs:
raw materials: $15 per pair
labor costs: $8 per pair
commissions: $2 per pair
utilities: $50,000
rent: $96,000
taxes: $30,000
salaries: $150,000
Answer:
the selling is missing, so I looked for similar questions and found that the selling price per swimsuit and its accessory is $85.
total variable costs:
raw materials $15labor costs $8commissions $2total $25total fixed costs:
utilities $50,000rent $96,000salaries $150,000taxes $30,000total $326,000contribution margin per swimsuit and accessory =$85 - $25 = $60
break even point in units = $326,000 / $60 = 5,433.33 ≈ 5,434 units
break even point in $ = 5,434 x $85 = $461,890
A number of states have a minimum wage that is higher than the federal minimum. In those states that impose such a minimum wage, it is more likely that the minimum wage acts as a binding:
A. price ceiling, causing excess supply in the market.
B. price floor, causing excess supply in the market.
C. price floor, causing excess demand in the market.
D. price ceiling, causing excess demand in the market.
Answer:
c,but try to think how this is the ansi
Help!
dancing is considered as labor, capital,land or entrepreneurship?
Answer:
D. Entrepreneurship
Because 100% it's not a land or a capital. Well, it may be a labor, but mostly it's entrepreneurship.
Hope that helps you
A machine operates with the following production cycle:
29 minutes of setup, 90 minutes of production. While in production, the machine produces 4 parts per minute.
Required:
What is the capacity of the machine in parts per minute?
Answer:
The capacity of the machine in parts per minute is 3 parts per minute
Explanation:
The Total time = 29 + 90
The Total time = 119 minutes
Total production = 4*90
Total production = 360 units
The capacity = 360/119
The capacity = 3.02521
The capacity = 3 parts per minute
Thus, the capacity of the machine in parts per minute is 3 parts per minute
On March 14, Teal Co. accepted a 120-day, 6% note in the amount of $10,000 from AZC Co., a customer. On the due date of the note, AZC honors the note and pays in full. The journal entry that Teal would make to record payment of this note would include a credit to:
Answer:a credit to Interest revenue for $200
Explanation:
Interest = Principal x rate x time ( period )
= $10,000 x 6% x 120/360
=$200
Account titles and explanation Debit Credit
Cash $10,200
Note receivable $10,000
Interest revenue $200
Therefore, The journal entry that Teal would make to record payment of this note would include a credit to Interest revenue for $200
Rohan, the manager of a new product development team, wants to hold a meeting to get an update on the individual progress of the members of his team. Which type of meeting would best support this objective
Answer:
This question is incomplete, the options are missing. The options are the following:
a) An information-sharing meeting.
b) An information dissemination meeting.
c) A social meeting .
d) A symbolic meeting.
And the correct answer is the option A: An information-sharing meeting.
Explanation:
To begin with, the name of "Information-sharing meeting" is known in the world of business for refering to a type of meeting that basically focus on the fact of obtaining information from its members with the only purpose knowing how things are going according to the schedule that they have agreed on. Therefore that in this case when Rohan is looking for to know how the members of his team are going with the individual progress then he should definitely organize an information-sharing meeting for the group.
Nona Hat Shop received a shipment of hats for which it paid the wholesaler $2,940. The price of the hats was $3,000, but Nona was given a $60 cash discount and required to pay freight charges of $75. What amount should Nona include in inventory?
Answer:
the amount that should include the inventory is $3,015
Explanation:
The computation of the amount that should involved in inventory is shown below:
= Invoice price - cash discount + freight charges
= $3,000 - $60 + $75
= $3,015
Hence, the amount that should include the inventory is $3,015
We simply applied the above formula so that the correct value could come
And, the same is to be considered
To what extent might the slow service be a source of employee irritation and dissatisfaction
Answer:
Slow service can be an extension and source of employee irritation and dissatisfaction. In any business, you rely on employees to perform simultaneous tasks. It is a team effort. Good management usually incentives good work. As a result, when you have an employee or a cluster of employees that are not satisfied the service will more likely be poor. For example, a fast-food restaurant may have two employees that are dissatisfied with the manager. These employees will look for any distraction and will abuse breaks and so forth. The attention to detail will be minimized and items on the menu will be missing something. Finally, the business will suffer in the long run. Customers will complain and the food will have to be prioritized. Customers will leave if it is taking too long. As a team, when one or two slack off the entire team suffers. Think of a football game if two players decide to try and make all the points and fail in doing so. They have jeopardized the potential of winning or producing.
Explanation:
A young engineer wishes to become a millionaire by the time she is 65 years old. She plans to make annual deposits, beginning on her 25th birthday and continuing through her 64th birthday.
Assume that she can obtain a 8% rate of return per year. How much should each annual deposit be?
a. $2160
b. $2675
c. $3110
d. $3575
Answer:
Annual deposit= $3,860.16
Explanation:
Giving the following information:
Future Value (FV)= $1,000,000
Number of peridos= 40 years
Interest rate (i)= 8%= 0.08
To calculate the annual deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,000,000*0.08) / [(1.08^40) - 1]
A= $3,860.16
If the young engineer can obtain an 8% rate of return per year on her deposits, she can make an annual deposit of d. $3575 to become a millionaire in 40 years from her 25th birthday.
Data and Calculations:
Future deposit expected = $1,000,000
Period of savings = 40 years (64 - 24)
Interest rate per year = 8%
Annual deposit = $3,575 (calculated below)
N (# of periods) 40
I/Y (Interest per year) 8
PV (Present Value) 0
FV (Future Value) 1000000
Results:
PMT = $3,574.22
Sum of all periodic payments $142,968.94
Total Interest $857,031.06
Thus, by the end of 40 years, the young engineer will become a millionaire if she deposits $3,575 annually with an interest of 8% per year.
Learn more: https://brainly.com/question/14602883
There is a zero coupon bond that sells for $4,550.90 and has a par value of $10,000. If the bond has 18 years to maturity, what is the yield to maturity'? Assume semiannual compounding.
A. 4.47%
B. 4.27%
C. 4.31%
D. 4.24%
E. 4.42%
Answer:
E. 4.42%
Explanation:
Calculation for the yield to maturity
First step is to calculate the Current price using this formula
The Current price=Par value/(1+yield to maturity/2)^(2*Time period)
$4,550.90=$10,000/(1+yield to maturity/2)^(2*18)
(1+yield to maturity/2)^36=($10,000/$4,550.90)
1+yield to maturity/2=($10,000/$4,550.90)^(1/36)
Now let calculate the yield to maturity
Yield to maturity/2=1.0221092-1
Yield to maturity=0.0221092*2
Yield to maturity=0.0442*100
Yield to maturity=4.42%
Therefore the Yield to maturity will be 4.42%
An investment of $100 pays interest of 2.5% per quarter. What will be the value of this investment at the end of 3 years
Answer:
FV= $107.76
Explanation:
Giving the following information:
Present value (PV)= $100
Interest rate (i)= 0.025/4= 0.00625
Number of periods (n)= 3*4= 12 quarters
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
FV= 100*(1.00625^12)
FV= $107.76
A(n) _____ involves moving an employee into a position with greater challenges, more responsibility, and more authority than in the previous job.
Which phrase best completes the diagram?
Features of Federal Reserve banks
Are divided into 12 districts
Execute federal monetary policy
?
A. Adjust Federal Reserve requirement rates
B. Provide money to banks at the discount rate
C. Appoint members of the Board of Governors
O D. Buy treasury securities on the open market
Federal Reserve bank is the highest/top bank of the U.S., it provides money at a discounted rate to the banks.
What do the Federal Reserve banks do?They are the highest/top of all the banks in the U.S. They look after the country's monetary policy, regulate the banking system, check the money flow in the country, and provide financial services to the government.
Features of Federal Reserve banks:
divided into 12 districtsExecute monetary policy, andProvide money to banks at a discount rate.Therefore, option B describes the function of Federal banks.
Learn more about Federal Reserve banks here:
https://brainly.com/question/13084954
Answer: Provide Money
Explanation:
I’m doing the quiz
The product life cycle does not have a major impact on decision-making.
A) True.
B) False.
Answer: Thats false.
According to the video, what are some examples of Postsecondary Education Administrators? Check all that apply.
Academic Deans,
Admission Directors ,
Department Heads,
College Tutors ,
Instructional Designers,
School Psychologists.
Answer: Its 1,2,3
Explanation: Got 100% on Ed!!!
All other things being equal, the numerical difference between a present and a future value corresponds to the amount of interest earned during the deposit or investment period. Each line on the following graph corresponds to an interest rate: 0%, 10%, or 20%. Identify the interest rate that corresponds with each line.
Answer:
im sorry but GOD BLEESED YOU
On March 1, 2020, Parnevik Company sold goods to Goosen Inc. for $660,000 in exchange for a 5-year, zero-interest-bearing note in the face amount of $1,062,937 (an inputed rate of 10%). The goods have an inventory cost on Parnevik's books of $400,000.
Required:
Prepare the journal entries for Parnevik on (a) March 1, 2020, and (b) December 31, 2020.
Answer:
Parnevik Company
Journal Entries:
(a) March 1, 2020
Debit Notes Receivable (Goosen Inc.) $660,000
Credit Sales Revenue $660,000
To record the sale of goods in exchange for a 5-year, zero-interest-bearing note in the face amount of $1,062,937.
Debit Cost of Goods Sold $400,000
Credit Inventory $400,000
To record the cost of goods sold.
(b) December 31, 2020:
Debit Interest Receivable (Goosen Inc.) $55,000
Credit Interest Revenue $55,000
To record the interest receivable for 10 months on the note.
Explanation:
The sale of goods will be recorded net of the interest. Interest Receivable from Goosen Inc. will be accumulated until when it is settled by Goosen Inc. at the end of the note's 5-year life. By that time, the interest must have accumulated to $402,937 compounded yearly.
Young Company budgets sales of $970,000, fixed costs of $30,600, and variable costs of $135,800. What is the contribution margin ratio for Young Company
Answer:
contribution margin ratio= 0.86
Explanation:
Giving the following information:
Young Company budgets sales of $970,000
Variable costs of $135,800.
To calculate the contribution margin ratio, we need to use the following formula:
contribution margin ratio= contribution margin / sales
contribution margin ratio= (970,000 - 135,800) / 970,000
contribution margin ratio= 0.86
..............................
A part of a business's message that distinguishes it from all its competitors
is referred to as what?
A. Cultural sensitivity
B. Unique selling proposition
C. Superiority clause
D. Isolation technique
Answer:
Unique selling proposition.
Answer:b
Explanation:
PLEASE HELP!
Your family purchased new living room furniture on credit at the store, which is a simple interest loan. If your family paid $300.00 in interest on the principal of $1,000.00
over 5 years, what was the rate of the loan?
1.) 6%
2.) 8%
3.) 4%
4.) 2%
Project ____ management has to do with project information being created, compiled, and dissiminated g
Answer:
scope
Explanation:
Project scope management can be regarded as a process of acquiring information, as well as documentation of the task, goals of the project and all activities that involves in starting a project. It involves paying attention to the features of the product that one is working von so it can meet the requirements of the stakeholders.It should be noted that Project scope management has to do with project information being created, compiled, and dissiminated.
