David, an accountant with brighter future corporation, is experiencing job dissatisfaction due to comparing how hard he works and how much he gets paid versus his perception of a coworker's effort and reward. David's dissatisfaction can be explained by equity model.
Model of Brand Equity
Brand equity, according to David Aaker, is a collection of assets and liabilities associated with a brand that contribute or eliminate value from the item or activity under that branding. He created a brand equity model (also known as the Five Assets Model) wherein he recognizes five components of brand equity.
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brenda says her assets are definitely greater than her liabilities. which explains whether brenda is correct?brenda is correct because she has five assets and only three liabilities.brenda is correct because all the items should be in the assets column of the balance sheet.brenda is not correct because the total value of her assets could be less than the liabilities.brenda is not
The statement explains whether Brenda is correct is Brenda is not correct because the total value of her assets could be less than the liabilities.Thus option C is correct.
What is Asset?An asset is considered as a resource of the business which has an economic value in the future of the business and helps business activities to take place smoothly.
Brenda is not correct because the total value of her assets could be less than the liabilities as the calculation of assets will be done as-
Assets=Liabilities +Owner’s Equity
This implies that the double entry rule is followed. An accounting entry error is indicated if the balance sheet created does not match.
Therefore, option C is appropriate.
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The complete question is-
Brenda created this personal balance sheet. brenda's balance sheet assets liabilities jewelry food wages health insurance commission rent bank account tips total total brenda says her assets are definitely greater than her liabilities. which explains whether brenda is correct? brenda is correct because she has five assets and only three liabilities. brenda is correct because all the items should be in the assets column of the balance sheet. brenda is not correct because the total value of her assets could be less than the liabilities. brenda is not correct because she needs to list more liabilities.
some of the activities performed by managerial accountants includes (select all that apply): multiple select question. preparing financial statements preparing internal reports preparing tax forms providing external audits
A number of the sports finished by way of managerial accountants consist of preparing financial statements.
An accountant is an expert who performs accounting capabilities including account evaluation, auditing, or financial assertion analysis. Accountants can find employment with an accounting firm or a large business enterprise with an inner accounting branch, or they can install a character practice. Getting ready and maintaining critical monetary reports. making ready tax returns and ensuring that taxes are paid well and on time. evaluating economic operations to propose best practices, discover troubles and strategize solutions, and assist companies to run efficaciously.
Even though one-of-a-kind expert accounting sources may additionally divide accounting careers into unique categories, the 4 kinds listed right here reflect the accounting roles commonly to be had at some point of the career. these 4 branches encompass company, public, authorities, and forensic accounting.
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What is structurally different between starch and cellulose that gives them different physical properties?.
Cellulose has rigid α−1,4 glycosidic linkages while starch has less inflexible β−1, four glycosidic linkages. c. Cellulose has amylose and amylopectin, making it greater inflexible than starch.
Cellulose is a natural compound with the formulation ₙ, a polysaccharide inclusive of a linear chain of numerous hundred to many lots of β-related D-glucose gadgets. Cellulose is a vital structural factor of the primary cell wall of inexperienced flowers, many styles of algae, and the oomycetes.
Cellulose is a fiber observed in fruits, vegetables, and other plant ingredients as a part of a plant's mobile walls. it is discovered in tree bark and a plant's leaves. while you devour plant foods, you're eating cellulose.
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the life and health insurance guaranty associate is funded by authorized insurers in this state one of the roles of this organization is to
The life and health insurance guaranty associate is funded by authorized insurers in this state one of the roles of this organization is to Assist in the prevention of insurer insolvencies.
What is health insurance?Health insurance is a type of insurance in which the insurer receives some health benefits in exchange for paying some premium, in health insurance, any type of health issue faced by the individual will be supported by the insurance company to meet the needs.
One of the organization's functions is to assist in the preventative measures of insurer bank failures. The life and health insurance guaranty associate is funded by approved insurers in this state.
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The complete question is
the life and health insurance guaranty associate is funded by authorized insurers in this state one of the roles of this organization is to_________
cash sales are recorded in the journal. question content area bottom part 1 a. cash receipts b. general c. sales d. cash sales
The cash sales made by a firm during an accounting period are recorded in the sales journal of its financial records. Therefore, the option C holds true.
What is the significance of cash sales?The cash sales of a firm can be referred to or considered as the sales derived out of the company on which the payment was done at the time of purchase. The credit sales as well as the cash sales are recorded under the head of ''sales'' in the journals of the company.
Therefore, the option C holds true and states regarding the significance of the cash sales.
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another term for internet business services (ibss) is managed hosting, because the outside firm (host) manages system operations.
"Managed hosting" is the another term for internet business services (ibss) is managed hosting, because the outside firm (host) manages system operations.
Operation management system
An integrated set of criteria, obligations, and business procedures known as an operations management system can help you accomplish your objectives and constantly improve performance. We discover that the majority of businesses have a wide range of overlapping objectives that the management system can handle.
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which dimension of the triple bottom line seeks to benefit its employees, the local community, and other entities that are impacted by the firm's existence?
Social dimension f the triple bottom line seeks to benefit its employees, the local community, and other entities that are impacted by the firm's existence.
What is social dimension?The term "dimension" can be used to describe a feature, appearance, stage, or situation of something. Social, on the other hand, is what connects society: the group of people who live in the same area and adhere to the same laws.
We can comprehend what the social dimension is thanks to these definitions. This is the term of the group of elements involved in the interactions between people and societal life.
The social component might be seen as having to do with how someone is socialized. Humans are social creatures that rely on others to meet their material and symbolic needs. A person must master all of the social tools that are innate to him in order to fully realize himself.
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using information systems to develop extensive knowledge of your customers, thereby providing high-quality customer service, .
Using information systems to develop extensive knowledge of your customers, thereby providing high-quality customer service, Increases customer switching costs.
Switching costs are the fees a purchaser will pay as a result of switching brands or merchandise. Switching costs may be financial, psychological, effort-based, and time-primarily based. Switching costs may be categorized as high switching costs or low switching costs.
Why is switching costs essential?
Switching costs are important because they allow stores to maintain sales and amplify emblem awareness. Due to the fact that having high switching costs makes purchasers much less probable to leave or switch to a competitor, your income can also remain the same or grow.
How do you reduce switching costs?
To lessen economic switching costs, do not forget the use of a freemium model for your product. for example, Slack does a brilliant task of easing users into their paid plans. Slack starts off evolved off as unfastened for a constrained of customers, which means that customers can check out the usage of Slack without any bad economic impact.
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ford company reports depreciation expense of $46,000 for year 2. also, equipment costing $159,000 was sold for its book value in year 2. there were no other equipment purchases or sales during the year. the following selected information is available for ford company from its comparative balance sheet. compute the cash received from the sale of the equipment. at december 31 year 2 year 1 equipment $ 640,000 $ 799,000 accumulated depreciation-equipment 452,000 530,000
The cash received from the sale of the equipment is $35000.
What is depreciation?Depreciation refers to the decrease in the valuation of the assets at the particular period of time. The equipment or the machinery gets outdated after a period of time.
To calculate the cash received, first identify the balance of cumulative depreciation, which is calculated below:
Accumulated depreciation = Beginning balance of accumulated depreciation + depreciation expense - ending balance of accumulated depreciation
= $530,000 + $46,000 - $452,000
= $124,000
Subtract this amount from the equipment's selling price, So, the value is equal to :-
= $159,000 - $124,000
= $35000.
Therefore, it can be concluded that $35000 is cash received from the sale of the equipment.
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every licensee must immediately notify the commissioner in writing of any change in his residence address, business address, or mailing address
It is the duty of every licensee to immediately notify the commissioner in writing of any change in his residence address, business address, or mailing address. Hence, the given statement is true.
What is an address?The term "address" refers to the location of a venue where something or someone can be easily found. There are various kinds of addresses that are used by humans to locate or locate either themselves or anything else or a human.
Some of the instances of address are residence address, business address, meeting address, and many more. All legal documents that are held by a person are registered at the address that is given by them.
Thus, when any kind of change in the address occurs or happens, it is the duty of the document holder to inform the signed authority.
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The complete question has been attached in text form:
Every licensee must immediately notify the commissioner in writing of any change in his residence address, business address, or mailing address
False
True
a county taxes real property at a millage rate of 15. if your customer owns real property in the county and the assessed value is 80% of the current market value of $150,000, the annual tax is
If your customer owns real property in the county and the assessed value is 80% of the current market value of $150,000, the annual tax is $1800
15 x 0.001=0.015
8 x $150,000=120,000
120,000x.015=$1800
Another way to calculate the number of tax during this example is to multiply your assessed value by 0.0185. Using the millage rate above, a home assessed at $300,000 would have a bill of $5,550. The formula is: Assessed value ($300,000) x millage rate (1.85%, or 0.0185) = land tax ($5,550). To calculate the mileage, or mill rate, a possessor divides the quantity of mills by 1,000.
As an example, say a neighborhood taxing authority encompasses a mill rate of 15 on the assessed value of holding in its jurisdiction. That puts the capital levy rate at 1.5% before any county taxes adjustments or exemptions. To calculate your individual property's effective charge per unit, all you have got to try and do is divide your annual invoice by what you estimate to be the value of your property.
The assessed value estimates the reasonable value for your home. it's based upon prevailing local realty market conditions. Multiply the value of your item or service by the county taxes charge per unit. If you have got a charge per unit as a percentage, divide that number by 100 to induce the charge per unit as a decimal. Then use this number within the multiplication process.
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a small percent of international combinations fall short of their objectives and the majority continue operating for several years.
A small percent of international combinations fall short of their objectives and the majority is not continue operating for several years. So the correct answer is False.
What do you mean by Percentage?
The term "percent" comes from the Latin per centum, which means "hundred" or "by the hundred." The symbol for "percent" evolved from the Italian expression per cento, which means "for a hundred." The "per" was frequently shortened as "p." and finally vanished entirely. The "cento" symbol is constructed from %. Percent modifications applied progressively do not add up as expected.
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click here to access the 2022 tax rate schedule. if required, round the tax liability to the nearest dollar. when required, round the average rates to four decimal places before converting to a percentage (i.e., .67073 would be rounded to .6707 and entered as 67.07%).a. chandler, who files as a single taxpayer, has taxable income of $118,000.
Using the 2022 tax rate schedule, the following about Chandler is as follows:
Tax liability: $20,923Marginal rate: 24%Average rate: 17.7313%.What are the tax liability, marginal rate, and average rate?The tax liability is the tax amount that a taxpayer is due to pay. It is the calculated tax payable.
The marginal rate is the rate of the tax bracket that a taxpayer falls into based on their taxable income.
The average rate is the ratio of tax liability to taxable income.
Data and Calculations:Taxable Income Tax Liability
First $10,275 $1,027.50 ($10,275 x 10%)
Next $41,775 $5,013 ($41,775 x 12%)
Next $47,300 10,406 ($47,300 x 22%)
Last $18,650 4,476 ($18,650 x 24%)
Total $118,000 $20,922.50
Marginal rate = 24% (since his taxable income falls between $89,076 and $170,050)
Average rate = 17.7313% ($20,923/$118,000 x 100)
Thus, Chandler owes $20,922.50 in tax liability at a marginal rate of 24% and an average rate of 17.7313%.
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Question Completion:Using the 2022 tax rate schedule, find the following about Chandler:
Tax liability: $
Marginal rate: %
Average rate: %
Tax Rate Taxable Income (Single)
10% Up to $10,275
12% $10,276 to $41,775
22% $41,776 to $89,075
24% $89,076 to $170,050
32% $170,051 to $215,950
What is the difference between a shift along a demand curve and a shift of a demand curve.
which one of the following documents must normally be approved by the ceo or similarly high-level executive?
Policy is the document which must normally be approved by the CEO or similarly high-level executive.
Policies require approval from the highest level of management, usually the CEO.
Other documents may often be approved by other managers such as Human Resource Managers, departmental managers among others.
For public policies, they are carried out by administrative agencies in the executive branch, although sometimes the courts get involved in implementing decisions they make.
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roger tong earns 3 commission on sales of $9500 as an electrical supplies wholesaler what is his commission
He will get a commission of $285 when he does a sale of $9500.
GIVEN: Roger Tong earns a 3% commission on sales of $9500 as an electrical supplies wholesaler.
To calculate the commission we just have to get 3% of $9500.
= 9500*3/100= 285
So he will get a commission of $285 when he does a sale of $9500.
Commission: Commission means the amount paid to an employee after completion of a target or task.
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(c) the store is currently producing 80 milkshakes and 110 sundaes. calculate the opportunity cost of increasing milkshake production from 80 to 100 milkshakes. show your work.
The opportunity cost is the -77.5 units of sundae not produced.
What is opportunity cost?
The potential profit lost from a missed chance is referred to as the “opportunity cost” and is the result of selecting one option over another.
The total number of milkshakes made by a sundae is 110.
Milkshake production has been doubled from 80 to 100.
The total number of sundaes generated is (110/80) 100/1 = 137.5 137.
From 100 milkshakes, 5 units of sundae are predicted to be generated.
When the quantity of milkshake created is 100, the actual quantity of sundae produced is 60.
The opportunity cost is the extra 20 milkshakes,
(137.5 – 60)
= 77.5
As a result, the opportunity cost = -77.5 units of sundae not produced.
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a small clothing firm currently produces 50,000 shirts and blouses per month. the costs of its factory, raw materials, and labor are $500,000 per month. if the company is to increase production by 5,000 and that requires an additional labor and raw material expense of $100,000, what is the best estimate of costs of the increased production?
A small clothing company currently Production 50,000 shirts and blouses per month. His factory, raw materials, and labor costs are $500,000 per month. If the company was asked to increase production by 5,000, which would cost him $100,000 in additional labor and raw materials, his best estimate of the cost of the increase would be $100,000.
Most of us think he's on his way to making a million dollars and becoming an overnight star. But the reality is that apparel profit margins are notoriously low. Industry analysts expect profit margins to be between 4% and 13%. This means that for every $100 you invest, you get back $104 to $113.
Production is the process of making or producing goods or products from raw materials or parts. In other words, production takes inputs and uses them to produce outputs suitable for the consumption of goods or products of value to end-users or customers.
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raheem bought stock in a tech company that has just announced a dividend. he did not receive the dividend even though the record date had not yet passed when he purchased it.
As a result, given the circumstances, the reason he did not get the dividend is that he bought the stock on or after the ex-dividend date.
What is the dividend?A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments. The dividend yield, which is the dividend per share, is stated as a percentage of the share price of a corporation, for example, 2.5%. If a common shareholder of a dividend-paying company owns the shares on the ex-dividend date or earlier, they are eligible to receive a payment.
Raheem would not be entitled for the dividend if he bought the stock on or after the ex-dividend date because the dividend is only paid to investors who bought the stock before that date.
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when modifying commercial buildings to meet accessibility requirements, owners should focus their attention on these four areas: , access to goods and services, access to restrooms, and any other necessary measures, such as access to public amenities.
when modifying commercial to meet accessibility requirements, owners should focus their attention on these four areas:
Providing an accessible approach and entrance. The first area of focus is accessible approach and entrance. This can include ramps instead of stairways, and door width.1 : a commonly roofed and walled shape built for everlasting use (as for a dwelling) 2 : the art or enterprise of assembling substances right into a shape. Synonyms instance Sentences terms Containing constructing analyze extra approximate building.
A building is a structure that has a roof and walls, for instance, a residence or a factory. They were on the top floor of the building. Crowds amassed across the Parliament building. Synonyms: shape, house, production, living [formal, literary] greater Synonyms of constructing.
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If consumers view cappuccinos and lattés as substitutes, what would happen to the equilibrium price and quantity of lattés if the price of cappuccinos rises?.
If consumers view cappuccinos and lattés as substitutes, then both the equilibrium price and quantity would be decreased. This would happen to the equilibrium price as well as the quantity of lattés if the price of cappuccinos rises.
Substitute goods are those goods that can be consumed in place of each other to compensate. If the price of a particular good increases, then the consumer is able to easily substitute the concerned goods for other goods.
If cappuccinos and lattés are considered as substitutes to be substituted in place of goods facing a shortage, if there is a fall in the price of cappuccinos, then the demand for cappuccinos would be increasing as well as the demand for lattes would be fallen as due to the reason that lattes are relatively more expensive than cappuccinos nowadays.
During the fall in demand takes place, then it will lead to a fall in demand quantity as well as the price.
The equilibrium price is the concerned price that deals with the particular quantity that is demanded equal to the supplied quantity. It is usually determined by the intersection of both curves of demand and supply whereas a surplus exists if the quantity of particular goods or services which is supplied can exceed the demanded quantity at a current price. So, it may cause downward pressure on the concerned price.
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Salaries and wages expense should have been accrued on december 31st, but the entry was not made. The result of this oversight is that.
The result of this oversight is that obligations are underestimated.
Adjusting Journal is an accounting journal that is used to make adjustments to certain account balances or post transactions to match the actual situation in the process of preparing financial statements. Examples of adjusting entries for merchandise inventory and office supplies. Adjusting entries are used by trading, service, manufacturing and other entities.
The basic concept of adjusting entries is the basic accounting concept used as the basis for making adjusting entries.
Examples of transactions recorded in adjusting entries are:
Prepaid lease transactions,Prepaid insurance,Prepaid income,Depreciation of fixed assets,Bad debts,Bank reconciliationSupplies on handIncome SummaryAllowance for loss of receivablesMerchandise inventoryYou can learn more about Adjusting Journal here brainly.com/question/14895809
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an essential assumption in accounting is that all economic events can be identified specifically with an individual economic . (enter only one word.)
Economic entity is an essential assumption in accounting is that all economic events can be identified specifically with an individual economic. Accounting assumptions are a collection of guidelines that guarantee an organization's business operations are carried out effectively and in accordance with standards established by the FASB.
This presumption distinguishes the business's owner from the business itself. It means that the economic entity assumption distinguishes between the financial records of the business and the owner's personal finances. In all likelihood, the owner of the company's individual transactions and the commercial business transactions cannot coexist in accounting. The business entity assumption is another name for this presumption.
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when conducting research for an industry analysis, why it is necessary to treat with caution the economic statistics for an industry? the data are unreliable. measurement techniques vary across countries. they classify industries based on production technology rather than customer need. the statistics fail to account for changing technology. the classification system changes over time.
Instead of considering client needs, they categorize sectors based on production technology.
An industry analysis examines a particular sector of the manufacturing, service, or trade industries. An crucial framework for the analysis of a certain firm, or company analysis, is to comprehend the industry in which it operates.
What does industry analysis serve to accomplish?
An entrepreneur or business can use industry analysis as a tool to better understand where their company stands in relation to other industry players.
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once submitted, who can cancel an enrollment application before the effective date? a. the client b. the client’s writing agent, as long as they do so before the effective date of the plan c. the client’s doctor d. both a and c
So the option d) both a (the client ) and c (the client’s doctor) is the correct answer.
Enrollment Application
The information provided by or on behalf of an individual to the Exchange in conjunction with a request to enroll as a Subscriber or Dependent is referred to as an Enrollment Application.
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Which statement is true about an annual percentage rate? Answer choices: It is reduced every time you make a payment, It is of little interest to the average borrower, it is a simple way to compare all the various elements of different loans, or it is equal to the interest rate times the principal.
The claim that an annual percentage rate is equal to the interest rate multiplied by the principal is true.
The annual interest produced by a sum that is paid to investors or charged to borrowers is referred to as the annual percentage rate (APR). APR is a percentage that expresses the actual annual cost of borrowing money throughout the course of a loan or the revenue from an investment. This does not account for compounding and includes any fees or additional expenditures related to the transaction. Consumers can evaluate lenders, credit cards, or investment goods using the APR as a benchmark figure. It factors in variables like monthly payments to determine what proportion of the principal you'll pay annually.
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lindon company is the exclusive distributor for an automotive product that sells for $40 per unit and has a cm ratio of 30%. the company’s fixed expenses are $180,000 per year. the company plans to sell 16,000 units this year.
The sales level at which the contribution margin equals fixed costs, with no profit or loss for the company, is known as the break-even point. To turn a profit, a company must surpass the break-even point.
What is fixed cost?Fixed costs are expenses that remain constant regardless of whether sales or production volumes rise or fall. This is so because they are not involved in the actual process of producing a good or providing a service. Fixed costs are therefore regarded as indirect costs.
Over a given time frame, fixed costs are constant. Depending on the company's output, variable costs may go up or down. Rental fees, taxes, and insurance are some instances of fixed costs. Direct labor, commission, and credit card fees are a few examples of variable costs.
Given that -
Selling Price = $40
Contribution Margin = 30%
Variable Expenses per unit = Selling Price ∗(1- Contribution Price )
Variable Expenses per unit = $40∗(1 -30%)
Variable Expenses per unit = $40∗(1 -0.30)
Variable Expenses per unit= $40∗(0.70)
Variable Expenses per unit= $28
The number of units for break-even be x
We know that at break-even point,
Total Contribution Margin=Fixed Expenses
Sales - Variable Expenses=Fixed Expenses
$40x - $28x= $18000
[tex]x=\frac{180000}{12}[/tex]
x=15000 units
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What type of price elasticity of demand results from a relatively small percentage change in quantity demanded divided by a relatively larger percentage change in price?.
The price elasticity of demand results from a relatively small percentage change in quantity demanded divided by a relatively larger percentage change in price is inelastic.
The price elasticity of demand calculates how much an item's consumption changes as prices change.
Economists use price elasticity to examine how demand and supply for a product change concerning its price change. Supply, like demand, has price elasticity.
The price elasticity of supply is the relationship between price and supply change. It is calculated by subtracting the price change percentage from the quantity delivered change percentage. The two elasticities interact to determine which products are produced and at what cost.
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Jerry and ralph are consumers of hockey tickets. For this exercise, suppose that all seats in the arena are of the same quality and have the same price. When tickets cost $160, neither will buy a ticket. If tickets cost $140, jerry is willing to buy one, but ralph will still not buy any. When each ticket costs $120, jerry will buy two tickets during the course of the hockey season and ralph will still buy no tickets. At a price of $100 per ticket, jerry is willing to buy three and ralph is willing to buy two tickets in a season. At a price of $60, jerry will buy five tickets and ralph will buy six tickets a season. At $40 a ticket, jerry will buy six and ralph will buy eight tickets during the season. Describe jerry’s demand curve and ralph’s demand curve. Then, suppose that jerry and ralph are the only individuals in the market and describe the market demand curve that shows the total number of tickets the market will buy at each price. Explain how you derive the market demand curve.
A) Jerry's demand curve slopes downward from left to right as the prices reduce.
B) Ralph's demand curve is steep but slopes downward from left to right when the prices reduce, but Ralph's effective demand starts from $100.
C) The market's demand curve slopes downward from left to right as the prices reduce.
What is the demand curve?
The demand curve is the graphical illustration of the relationship between the price and the quantity demanded of a good or service for a period.
The price on the demand curve appears on the left vertical (Y) axis, and the quantity demanded appears on the right horizontal (X) axis.
Data and Calculations:Price Jerry Demand Ralph Demand Market Demand
$160 0 units 0 units 0 units
$140 1 unit 0 units 1 unit
$120 2 units 0 units 2 units
$100 3 units 2 units 5 units
$60 5 units 6 units 11 units
$40 6 units 8 units 14 units
Thus, Jerry's, Ralph's, and the market's demand curves show that consumers demand more units with decreasing prices.
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dalvin is considering multiple job offers. his wife recently had a baby with serious health issues. what non-income factor would influence his decision? location working hours personal satisfaction availability of benefits
Dalvin is contemplating several career opportunities. His wife recently gave birth to a baby with major health problems. Availability of benefits factor which is non-income factor would influence his decision.
What is Non-Income?
The elements that don't directly affect income are known as non-income factors. When assessing non-income criteria, personal characteristics such as marriage, health, friendships, religion, and other factors are considered.. These elements influence or alter economic choices based on happiness and level of satisfaction. In the aforementioned example, Dalvin's decision to accept the job was impacted by the non-income element of benefits availability.
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