Answer:
The workers at State Hospital, a public sector employer, and Acme Inc, a private employer, are subject to speech censorship and arbitrary job termination. Constitutional issues are present only for the State Hospital workers is a TRUE statement.
Explanation:
Answer:
actual variable expenses were higher than the flexible budget variable expenses.
Explanation:
A flexible budget projects budget data (revenue and expenses) based on various or multiple levels of business activities, such as production sales.
Also, a flexible budget variance gives the difference between the output resulting from a flexible budget and the actual outputs.
A variance can either be favorable or unfavorable. An unfavorable flexible budget variance for variable expenses would indicate actual variable expenses were higher than the flexible budget variable expenses.
Hence, If a company's actual net income is lower than it's planned, the variance is said to be unfavorable. Thus, higher costs and expenses would result in a unfavorable variance while higher revenues result in a favorable variance.
A quantity variance and price variance can be used to measure the direct materials flexible budget variance.
Answer:
The statement is: True.
Explanation:
Environmental scanning refers to the analysis companies make of the immediate and further atmosphere that will allow them to spot threats to counteract or mitigate them and opportunities from where the firm can make a profit. Organizations engaging environmental scanning constantly review different mediums of communication and conduct researches that will keep them up-to-date on market fluctuations.
Helen's role at Marshall Manufacturing involves environmental scanning which requires her to monitor various external factors that influence the company's marketing efforts. The emergence of technology and globalization has expanded competition and reshaped market dynamics, pressing businesses and workers to adapt for macroeconomic growth.
Helen, a manager at Marshall Manufacturing, is actively engaged in environmental scanning, a crucial process in business management that involves analyzing various factors that may impact the company's marketing strategies and overall success. The actions she takes to examine global, technological, socio-cultural, competitive, and economic influences are a testament to this activity's importance. Crucial shifts in how we define markets, primarily due to advancements in technology and globalization, have opened up local businesses to a world of increased competition and innovative approaches to business-to-business relationships via online platforms.
This competitive environment encourages both individual workers and firms to seek improvements and invest in human and physical capital, which can lead to macroeconomic growth. The need to stay ahead in technology and to participate in the global marketplace invariably affects local market dynamics and corporate decision-making processes.
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Accumulated Depreciation-Equipment $ 292,000
Payroll Taxes Payable 177,591
Inventory 239,800
Bonds payable 300,000
Rent payable (short-term) 45,000
Discount on bonds payable 15,000
Income taxes payable 98,362
Cash 360,000
Rent payable (long-term) 480,000
Land 480,000
Common stock, $1 par value 200,000
Notes receivable 445,700
Preferred stock, $10 par value 150,000
Notes payable (to banks) 265,000
Prepaid expenses 87,920
Accounts payable 490,000
Equipment 1,470,000
Retained earnings ?
Retained earnings ?Debt investments (trading) 121,000Income taxes receivable 97,630Accumulated depreciation-buildings 270,200Notes payable (long-term) 1,600,000Buildings 1,640,000
Required:
Required:1. Prepare a classified balance sheet in good form.
Answer:
MONTOYA, INC.
Balance Sheet
December 31, 2017
Assets
Current assets
Cash $360,000
Equity Investments (Trading) 121,000
Notes Receivable 445,700
Income Taxes Receivable 97,630
Inventory 239,800
Prepaid Expenses 87,920
Total current assets $1,352,050
Property, plant, and equipment
Land 480,000
Buildings $1,640,000
Less: Accum Deprec - Buildings 270,200 1,369,800
Equipment 1,470,000
Less: Accum Deprec - Equipment292,000 1,178,000
3,027,800
Intangible assets
Goodwill 125,000
Total assets $4,504,850
Liabilities and Shareholders’ Equity
Current liabilities
Accounts Payable $490,000
Notes Payable to Banks 265,000
Payroll Taxes Payable 177,591
Income Tax Payable 98,362
Rent Payable - Short-term 45,000
Total current liabilities $1,075,953
Long-term liabilities
Unsecured Notes Payable (Long-term) 1,600,000
Bonds Payable $300,000
Less: Discount on Bonds Payable 15,000 285,000
Rental Payable Long-term 480,000 2,365,000
Total liabilities 3,440,953
Shareholders’ equity
Capital Stock
Preferred stock, $10 par; 20,000 shares authorized, 15,000 shares issued 150,000
Common stock, $1 par; 400,000 shares authorized, 200,000 issued 200,000 350,000
Retained Earnings ($1,063,897 - $350,000) 713,897
Total shareholders’ equity ($4,504,850 – $3,440,953) 1,063,897
Total liabilities and shareholders’ equity $4,504,850
Computation of Retained earnings:
Accounting Equation
Total assets $4,504,850
Less: Liabilities 3,440,953
Less: Contributed capital 350,000
Retained earnings $713,897
A classified balance sheet divides assets, liabilities, and equity into subcategories. Assets and liabilities are further divided into current and non-current. Retained earnings, part of equity, is calculated by adding this period's net income to last period's retained earnings and subtracting dividends paid.
A classified balance sheet categorizes assets, liabilities, and equity into subcategories to provide more meaningful information.
Assets
can be categorized as current assets (e.g. Cash, Debt investments (trading), Notes receivable, Prepaid expenses, Income taxes receivable, Inventory), long-term investments, property plant and equipment (PPE), Intangible assets such as Goodwill, and other assets.
Liabilities
can be categorized as current liabilities (e.g. Accounts payable, Notes Payable to the bank, Rent payable (short-term), Payroll Taxes Payable, Income taxes payable) and long-term liabilities (e.g. Notes payable (long-term), Rent payable (long-term), Bonds payable less discount on bonds payable).
Equity
is comprised of share capital (Common stock and Preferred stock) and Retained earnings.
To calculate Retained earnings, begin with the last period's retained earnings, add this period's net income, and subtract dividends paid. Given the provided information, we can't calculate it as not all necessary information is provided. Hence, it is mentioned as ?.
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Answer:
DrSalaries Expense $960
Cr Salaries Payable $960
Explanation:
Based on the information given we were told that the Company pays each of its two office employees each Friday at the rate of $240 per day which means that if the employees worked on both Monday and Tuesday, the month-end adjusting Journal entry to record the salaries earned but unpaid is:
Dr Salaries Expense $960
Cr Salaries Payable $960
Using this formula to Calculate the amount
Amount = Rate per day * Number of days * Number of employees
Let plug in the formula
Amount= $240 * 2 * 2 employees
Amount= $960
Answer:
A
Explanation:
Answer:
because people would have to have good contraptions in order to be able to make free choices
Explanation:
Answer:
6.517%
Explanation:
Present Value PV = $14,320
Future Value FV = $18,434
Number of period Nper = 4
Annual effective yield = Rate(Nper, Pmt, Pv, -Fv)
Annual effective yield = Rate(4, 0, 14320, -18434)
Annual effective yield = 0.06517
Annual effective yield = 6.517%