Susan's indexed salary increase of 1% was lower than the actual CPI inflation rate of 2%, resulting in a decrease in her purchasing power.
Indexed salary increases are designed to adjust an employee's salary to reflect changes in inflation. In Susan's case, her salary was set to increase by 1% each year, which was supposed to keep up with inflation and maintain her purchasing power.
However, in 2019, the actual CPI inflation rate turned out to be 2%, which was higher than the indexed salary increase of 1%. This meant that Susan's salary did not increase enough to keep up with the rising cost of living, resulting in a decrease in her purchasing power.
As a result, Susan was not able to afford the same standard of living as before, as her salary was not keeping up with the rate of inflation. This highlights the importance of negotiating fair and reasonable salary increases that accurately reflect the cost of living and maintain an employee's purchasing power over time.
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what are some economic concerns that may need to be addressed in the future?
Land labor capital on strawberries
Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2017, its Cash account shows a $27,500 debit balance. The company’s May 31 bank statement shows $25,800 on deposit in the bank. The May 31 bank statement lists $100 in bank service charges; the company has not yet recorded the cost of these services. Outstanding checks as of May 31 total $5,600. May 31 cash receipts of $6,200 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement. In reviewing the bank statement, a $400 check written by Smith Company was mistakenly drawn against Wright’s account. The bank statement shows a $600 NSF check from a customer; the company has not yet recorded this NSF check. Prepare a bank reconciliation for the company using the above information.
Answer:
Please see solution below
Explanation:
Bank reconciliation as at June 31st.
•Bank statement balance
$25,800
Add:
Bank service charges
$100
NSF check
$600
Wrong drawn
$400
Total
$1,100
Adjusted bank balance
$26,900
Bank reconciliation as at June 31st.
•Cash book balance
$27,500
Add: outstanding checks
$5,600
Balance
$34,100
Less: deposit in transit
($6,200)
Adjusted book balance
$26,900
can you ask the owner of brainly if he could give me $100,000 this is not a prank
Answer:
Im pretty sure they can't do that
Explanation:
Because its a learning app not a money making app.
Using productivity software ensures that the end product will look professional.
Answer: false
Explanation:
on edge 2021
Answer: The answer is false
Explanation:
props to the other dude, give them brainliest
FILL THE BLANK.
Mere possession of a billy club is a felony under the dangerous weapons control statutes. Any person who sells a BB gun to a person under ___ years old is guilty of a _____________.
The possession of a billy club is a felony under dangerous weapons control statutes, while selling a BB gun to a person under a 18 years of age age is considered a criminal offense.
Under dangerous weapons control statutes, the mere possession of a billy club is classified as a felony offense. A billy club is a type of weapon typically consisting of a heavy, often cylindrical object, such as a wooden stick or metal rod, used for self-defense or as a weapon. Possessing a billy club is illegal under these statutes, indicating the severity of the offense.
Additionally, the sale of a BB gun to a person below a certain age is considered a criminal act. A BB gun is an air-powered gun that shoots small metal or plastic pellets, commonly referred to as BBs.
The specific age threshold for the prohibition may vary depending on local laws and regulations. Selling a BB gun to someone below this age limit is regarded as a violation of the law, highlighting the need to regulate the sale and possession of such firearms, particularly in the context of minors.
These regulations aim to ensure public safety and prevent the misuse of potentially dangerous weapons. By criminalizing the possession of billy clubs and regulating the sale of BB guns to minors, the statutes serve as measures to mitigate the risks associated with the possession and use of such items.
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Conducting a search of the store is part of store closing duties. Why?
hillary is single and earns $28,000 annually. she is not covered under her employer ?s retirement plan. which of the following describes her ability to establish a traditional ira and the tax treatment of her maximum contribution? a. hillary ?s contribution will be fully tax deductible. b. hillary ?s contribution will be partially tax deductible. c. hillary may make a contribution, but no portion of the contribution is tax deductible. d. hillary is not eligible to establish a traditional ira, so no contribution can be made.
Stocks, bonds, mutual funds, and other sorts of investments can be found in a Traditional IRA, a tax-advantaged retirement plan.The correct answer is hillary may make a contribution, but no portion of the contribution is tax deductible.
The possibility of investing with pre-taxed income is its main advantage. However, once withdrawals are made, traditional IRAs are taxed as ordinary income.An individual retirement account (or “Roth IRA”) is one that enables tax-free growth and tax-free withdrawals in retirement. When taxes would be greater at retirement than they are now, Roth IRAs are the best option.The contributions made to a Roth account are frequently made using after-tax funds that cannot be deducted; as a result, the contributions grow tax-free.Also worth mentioning is the possibility of tax-free rather than tax-deferred earnings in a Roth account.
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write a journal post with three things you might be able to do to go to college (or any other option you are considering after high school) without student loan debt?
Answer:
You can apply for scholarships, work in high school, and receive grants.
Explanation:
You can possibly graduate college without debt or little money owed back to a bank.
The first option is a scholarship, this money is usually only offered from a range of $500-fully paid tuition. You may have to apply to hundreds before you are granted some but they are offered from freshmen in high school all the way to almost graduating college.
Your second option is working, sophomore year is when you'd be able to get a job the earliest. Every paycheck you save about 20%, work all the way through college and you can save enough to pay for your first year, possibly second year of college. You could also work while you're a full-time student, it'd be hard work but it can be done.
Your third option, but not last is to apply for grants. This is basically free money, they differ from scholarships though. You do not have to pay grants back, and you can get sponsored by companies to pay your way through college.
drawing increase the investment of the owner true or false
Produced goods used as inputs for the production of other goods comprise the resource known as:.
Capital.
Capital goods are those goods that are used for further production of other commodities. They are used in the future for purpose of productivity. These goods have derived demand and helped in raising the productive capacity of the business.
Answer:
make a good impression, always be on time, be respectful, be professional
Explanation:
The following information is available for Shanika Company for 20Y6:
Inventories January 1 December 31
Materials $361,910 $445,150
Work in process 651,440 605,400
Finished goods 626,100 618,760
Advertising expense $302,260
Depreciation expense-office equipment 42,730
Depreciation expense-factory equipment 57,420
Direct labor 685,530
Heat, light, and power-factory 22,700
Indirect labor 80,130
Materials purchased 672,180
Office salaries expense 234,590
Property taxes-factory 18,700
Property taxes-headquarters building 38,730
Rent expense-factory 31,610
Sales 3,147,210
Sales salaries expense 386,390
Supplies-factory 15,580
Miscellaneous costs-factory 9,790
Required:
Question Content Area
1. Prepare the statement of cost of goods manufactured.
Shanika Company
Statement of Cost of Goods Manufactured
For the Year Ended December 31, 20Y6
Depreciation expense-factory equipmentIndirect laborSuppliesWork in process inventory, January 1, 20Y6
$- Select -
Direct materials: Materials inventory, January 1, 20Y6Rent expense-factorySupplies-factoryWork in process, December 31, 20Y6
$- Select - Indirect laborProperty taxes-headquarters buildingPurchasesWork in process, December 31, 20Y6
- Select - Cost of materials available for useSupplies-factoryWork in process inventory, January 1, 20Y6Work in process, December 31, 20Y6
$- Select - Less indirect laborLess materials inventory, December 31, 20Y6Less miscellaneous cost-factoryLess work in process, December 31, 20Y6
- Select - Cost of direct materials usedCost of finished goods available for saleCost of goods manufacturedCost of goods sold
$- Select - Depreciation expense-factory equipmentDirect laborIndirect laborSupplies-factory
- Select - Factory overhead: Indirect laborMaterials inventory, January 1, 20Y6PurchasesSales
$- Select - Depreciation expense-factory equipmentDepreciation expense-office equipmentDirect laborPurchases
- Select - Direct laborHeat, light, and power-factoryMaterials inventory, January 1, 20Y6Work in process inventory, December 31, 20Y6
- Select - Cost of materials available for useDirect laborProperty taxes-factoryProperty taxes-headquarters building
- Select - PurchasesRent expense-factoryRent expense-headquarters buildingSales salaries expense
- Select - Cost of goods soldDirect laborPurchasesSupplies-factory
- Select - Advertising expenseCost of materials available for useDirect materialsMiscellaneous costs-factory
- Select - Total factory overhead fill in the blank 91eb55f46fadfde_29 Total manufacturing costs incurred fill in the blank 91eb55f46fadfde_30
Total manufacturing costs $fill in the blank 91eb55f46fadfde_31
Less cost of materials available for useLess direct materialsLess materials inventory, December 31, 20Y6Less work in process inventory, December 31, 20Y6
- Select -
Cost of goods manufactured $fill in the blank 91eb55f46fadfde_34
Question Content Area
2. Prepare the income statement.
Shanika Company
Income Statement
For the Year Ended December 31, 20Y6
Cost of goods soldGross profitIndirect laborSales
$- Select -
Cost of goods sold: Advertising expenseFinished goods inventory, January 1, 20Y6Finished goods inventory, December 31, 20Y6Sales
$- Select - Cost of direct materials usedCost of finished goods available for saleCost of goods manufacturedCost of goods sold
- Select - Cost of direct materials usedCost of finished goods available for saleCost of goods soldCost of materials available for use
$- Select - Depreciation expense-office equipmentLess finished goods inventory, December 31, 20Y6Net lossPlus finished goods inventory, December 1, 20Y6
- Select - Cost of direct materials usedCost of finished goods available for saleCost of goods soldCost of materials available for use
- Select -
Cost of goods soldGross profitProperty taxes-headquarters buildingSales
$- Select -
Operating expenses: Administrative expenses: Cost of goods soldOffice salaries expenseSalesSales salaries expense
$- Select - Advertising expenseDepreciation expense-factory equipmentDepreciation expense-office equipmentGross profit
- Select - Cost of goods soldProperty taxes-factoryProperty taxes-headquarters buildingSales
- Select - $- Select - Selling expenses: Advertising expenseCost of goods soldOffice salaries expenseSales
$- Select - Direct laborOffice salaries expenseSalesSales salaries expense
- Select - - Select - Total operating expenses fill in the blank 8dad73f36041fd2_27
Net incomeNet loss
$- Select -
The statement of cost of goods manufactured for Shanika Company for the year ended December 31, 20Y6 shows that the total manufacturing costs incurred were $fill in the blank 91eb55f46fadfde_30.
After subtracting the cost of materials available for use, direct materials, and adjustments for inventory, the cost of goods manufactured is $fill in the blank 91eb55f46fadfde_34.
The income statement for Shanika Company for the year ended December 31, 20Y6 shows that the gross profit is calculated by subtracting the cost of goods sold from the sales revenue. The net income or net loss is determined by subtracting the total operating expenses from the gross profit.
To prepare the statement of cost of goods manufactured, we start by calculating the total manufacturing costs. This includes direct materials used, direct labor, and factory overhead. We add the total costs and subtract the adjustments for materials and work in process inventory to arrive at the cost of goods manufactured.
For the income statement, we calculate the cost of goods sold by subtracting the cost of finished goods inventory from the cost of goods available for sale. The gross profit is then determined by subtracting the cost of goods sold from the sales revenue. Finally, we subtract the total operating expenses from the gross profit to find the net income or net loss.
Please note that there are missing values indicated by "Select" and "fill in the blank" in the provided data, so the complete step-by-step explanation cannot be provided without that missing information.
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PLEASE HURRYYYY THIS IS DUE RIGHT NOW 20 POINTS
Please select the word from the list that best fits the definition Fossil fuels are the only cause of global warming. Absolute or Qualified?
Answer:
absolute
Explanation:
cause oils from mine feilds an certain refreshners cause global warming
Answer:
Absolute
Explanation:
after the end of the second year and all other factors remaining equal, a future value based on compound interest will never exceed the future value based on simple interest.
The answer to this question is false. Assuming that in both methods interest is calculated on an annual basis, the future value based on compound interest will always exceed the future value based on simple interest after the end of the second year.
What Is Future Value (FV)?The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). For investors and financial planners, the future value is crucial because they use it to predict how much an investment made now will be worth in the future.
Investors can make wise investment choices based on their projected demands by knowing the future worth. However, external economic forces that depreciate an asset's value, such inflation, might have a negative impact on the asset's future worth.
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. What risk does a firm take by neglecting to do periodic marginal analysis?answer choicesIt may lose track of its total revenue.It may lose track of its profit-maximizing quantity of output.It may lose track of its break-even point.It may lose track of its fixed costs.
The firm may lose track of its profit-maximizing quantity of output.
What risk does a firm take by neglecting to do periodic marginal analysis?Marginal analysis is an important tool for businesses to use in order to make informed decisions about their production levels and pricing strategies. By neglecting to do periodic marginal analysis, a firm risks losing track of its profit-maximizing quantity of output.
Marginal analysis involves examining the changes in cost and revenue associated with producing one additional unit of a product. By analyzing these marginal costs and revenues, a firm can determine the point at which it is maximizing its profits. If a firm neglects to do this analysis, it may continue to produce at a level that is not maximizing its profits, which can lead to missed opportunities and lower overall profitability.
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On December 31, 2014, Carry On Fitness has adjusted balances of $800,000 in Accounts Receivable and $55,000 in Allowance for Doubtful Accounts. On January 2, 2015, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $10,000.
Assume that on February 2, 2015, Carry On Fitness received a payment of $500 from one of the customers whose balance had been written off. Prepare the journal entries to record this transaction. If there is not an answer type no journal entry.
1. a) Record the reversal of a customer account previously written off in the amount of $500.
b) Record the receipt of cash of $500 from the customer.
When a company has accounts receivable (money owed to them by customers for goods or services sold), they must also have an allowance for doubtful accounts.
This is a contra-asset account that represents the estimated amount of accounts receivable that the company expects will not be collected. The allowance is based on historical data, industry trends, and other factors that may affect the collectability of the accounts receivable. In the case of Carry On Fitness, they had an accounts receivable balance of $800,000 and an allowance for doubtful accounts of $55,000 at the end of the year 2014. This means that they estimated that $55,000 of their accounts receivable may not be collected. On January 2, 2015, they learned that some customer accounts were not collectible, so they authorized a write-off of $10,000. This means that they no longer expect to collect $10,000 from those customers, and they must adjust their accounts receivable and allowance for doubtful accounts accordingly. The journal entry to record the write-off on January 2, 2015, would be:
a) To reverse the write-off of $500:
Accounts Receivable - Customer Name $500
Allowance for Doubtful Accounts $500
b) To record the receipt of cash of $500:
Cash $500
Accounts Receivable - Customer Name $500
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According to O*NET, what are the two most common levels of education Loading Machine Operators earn? Check all that apply associate degree high-school diploma or equivalent some college, no degree less than high-school diploma. HELP!
Answer:
B D
Explanation:
Trial and error
Answer:
B and D
Explanation:
Select the correct answer. Richard runs a small manufacturing business. Recently, he discovered that some of the financial transactions recorded in the account books seem misleading. He suspects that some of his employees might be misusing the business’s cash reserves. Which of these measures of internal accounting controls may Richard take to avoid such instances in the future?
A. firing all the employees in the given department
B. reducing the salaries of suspected employees
C. sanctioning financial transactions in advance in the future
D. organizing a conference to discuss such issues
Answer:
C. sanctioning financial transactions in advance in the future
Explanation:
Sanctioning a financial transaction means approving or authorizing a transaction to be executed. Requiring approval for financial transactions is one of the measures of internal control. Employees are required to seek approval from management or authorities before proceeding with transactions.
Richard should demand that he sanctions all transactions in advance. Through this measure, he will get details and explanations of financial transactions before they happen.
on page 10 Lewis writes, “Tragically, even after the Holocaust, antisemitism continued to fester in Poland and other countries.” Lewis uses "fester"
Lewis uses the word "fester" to underscore the ongoing struggle against antisemitism, emphasizing the need for continued vigilance and action to combat this persistent problem.
In this context, Lewis uses the word "fester" to describe the persistent and destructive nature of antisemitism in Poland and other countries after the Holocaust. The term "fester" implies a process of infection, decay, and worsening of a problem over time, which is an apt description of how antisemitism persisted and grew despite the devastating impact of the Holocaust on the Jewish population. By using the word "fester," Lewis conveys a sense of urgency and gravity about the issue of antisemitism, highlighting how it can linger and worsen if not addressed effectively. The use of this term also suggests that the problem of antisemitism is not a passive or benign condition, but rather an active and destructive force that can cause significant harm to individuals and communities.
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If Xavier works 30 hours last week and is paid $10 per hour the amount of money he makes before taxes and other expenses are taken out is called:
A . gross profit
B . gross pay
C . net profit
D . net pay
Answer:
D is the correct answer to the question
Explanation:
Select all that apply.
Select all reasons data mining is important to businesses.
It cuts costs.
It identifies long-term goals.
It solves problems.
It increases profits.
Answer:
a,c,d
Explanation:
ALL demand are desires but all desires are not
demond.justify?
Answer:
Because desire is an individual or community request and it doesnt represent the entire market while demand is the request of of the market directly
Explanation:
Which of the following is not a disadvantage to cash advances on a credit card? a. cash advances are similar to loans in that they need to be paid back with interest. b. cash advances require a lot of paperwork and are generally difficult to get. c. cash advances are often the last thing to be paid when paying off your credit card. d. cash advances often come with an interest rate much higher than your credit card. please select the best answer from the choices provided. a b c d
It is not a disadvantage that a. cash advances are similar to loans in that they need to be paid back with interest.
What is cash advance on a credit card?A cash advance on credit card is can be described as a short-term cash loan secured by the credit line on your credit card.
In addition, cash advances, like loans, must be repaid with interest, which is not a disadvantage.
Most credit card including charge card providers will give their customers a cash advance if they ask for one, and this is going to be their credit limit.
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Managers can limit conflicts brought about by ______ by treating employees equally, being open about why some employees are rewarded, and offering mentoring programs.
Based on workplace or organizational management, Managers can limit conflicts brought about by co-workers by treating employees equally, being open about why some employees are rewarded, and offering mentoring programs.
To promote good working relationships, managers need to solve any conflicts among co-workers amicably by being open to everyone involved.
This will show impartiality from the managers and will help solve the issue permanently.
Co-workers tend to have dynamic relationships in the same organization, and to prevent long-term conflict; managers should settle the issue without looking biased.
Hence, in this case, it is concluded that the correct answer is "Co-workers."
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The world's second-largest manufacturer of widgets just went out of business. This caused the world's largest widget manufacturer, Widget Town, to be the last remaining widget producer. What is this situation called and how can Widget Town take advantage of it?
Answer:
This situation is called a monopoly. A monopoly occurs when a single company or entity becomes the only provider of a particular product or service in the market.
Explanation:
In this case, Widget Town is the only remaining widget manufacturer, giving them a monopoly on the widget market. This means that Widget Town can set the price for widgets as high as they want because there are no other competitors to drive the price down. However, Widget Town needs to be careful not to take advantage of their monopoly position too much, as this could attract unwanted attention from government regulators, who may investigate them for anti-competitive behavior. Instead, Widget Town can take advantage of their monopoly by investing in research and development to improve their product, increasing their marketing efforts to boost demand, and expanding into new markets. They could also consider partnering with other companies to create complementary products that can be sold alongside widgets, increasing their revenue streams. Overall, while a monopoly can provide a significant advantage to a company, it is important to use this advantage responsibly and ethically to maintain a positive reputation and avoid regulatory issues.
How do professional sports and the economy interact?
Answer:
Research shows local economic growth has been generated from the presence of a professional sports team in multiple ways: the creation of new jobs, increased consumer spending, increased sales in certain market segments, and increased tax revenue. Other beneficial impacts caused by sport franchises are increased tourism from hosting large
Explanation:
how to use service economy and consumer and also producer in a sentence
To use service economy and consumer and also a producer in a sentence, you could say:
"The service economy relies on both consumers and producers to drive growth, as consumers demand services and producers meet those demands through their offerings."
What is a Service Economy?The term "service economy" might apply to either of two current economic developments: The growing prominence of the service industry in developed economies.
The current Fortune 500 list includes more service businesses and fewer manufacturing than prior decades.
The service-based economy is distinguished by a dominant tertiary sector, an availability of services, a limited number of manufacturers, and the majority of service-based economies being located in first-world nations.
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If the price of gasoline increases, what will be the impact on the market for public transportation?a. The demand curve for public transportation shifts to the right.b. The quantity of public transportation demanded increases.c. The demand curve for public transportation shifts to the left.d. The quantity of public transportation demanded decreases.
If the price of gasoline increases, what will be the impact on the market for public transportation : a. The demand curve for public transportation shifts to the right.
What happen If the price of gasoline increases?If the price of gasoline increases, the cost of driving a personal vehicle increases, making it more expensive for individuals to use their cars. As a result, some consumers may choose to switch to public transportation as a substitute for driving, which would increase the demand for public transportation.
Therefore, the demand curve for public transportation would shift to the right, indicating an increase in the quantity demanded at each price level.
Option (a) is the correct answer.
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is a short-term investment that is considered highly liquid.
a. stock
b. bond
c. cash equivalent
d. mutual fund
Answer:
c. cash equivalent
Explanation:
highly liquid means can be made into cash quickly
Cash equivalent examples are money market funds Treasury bills. Treasury notes. Commercial paper.
in 2008 a problem with money market funds signaled a banking crisis. banks were giving mortgages to people with bad credit histories. on top of that those mortgages were insured so if someone couldn't pay the mortgage the insurers would pay. but at that time there were too many people who couldn't pay mortgages
a. stock is a share of ownership in a company. can't make it into cash unless you sell it.
d. mutual fund : basically a stock of stocks. company gathers money to buy a bunch of different stocks. whole thing is called a portfolio. company sells stocks of that portfolio. those stocks are mutual funds.
b. a bond is basically a loan. bond lasts for a period of time. can't sell it until that period is over. otherwise there is a penalty.
.
hedge funds : the words hedge in hedge means to reduce risk. they make it for people with more money. it combines risky, non risky, long term, & short term investments to hedge or reduce risk.
the amount of money you get paid after taxes are taken out is called