Total Liabilities and Equity $11,
Journal Entry Worksheet:
Date Accounts and Explanation Debit Credit
----------------------------------------------------------------------
1. July 1, 2025
Equipment $15,800
Cash $15,800
(To record the purchase of a Suburban)
1. July 1, 2025
Prepaid Insurance $2,750
Cash $2,750
(To record insurance payment)
1. July 1, 2025
Equipment $6,800
Cash $6,800
(To record the painting of Suburban)
1. July 1, 2025
Equipment $2,950
Cash $2,950
(To record the installation of deluxe roof rack and trailer hitch)
2. October 22, 2025
Vehicle Maintenance Expense $2,300
Cash $2,300
(To record maintenance related to the Suburban)
3. December 31, 2025
Depreciation Expense-Equipment $2,120
Accumulated Depreciation-Equipment $2,120
(To record depreciation of the vehicle)
4. December 31, 2025
Sales Revenue $3,000
Advertising Expense $3,000
(To record closing entry for revenue accounts)
5. December 31, 2025
Advertising Expense $3,000
Insurance Expense $2,750
Depreciation Expense-Equipment $2,120
Vehicle Maintenance Expense $2,300
(To record closing entry for expense accounts)
Note: No adjustment for the painting of the Suburban or the installation of a deluxe roof rack and trailer hitch is needed. These amounts are already included in the initial cost of the vehicle.
The adjusting entries needed are only for depreciation and prepaid insurance. The adjusting journal entries for these accounts are shown below.
Journal Entry Worksheet:
Date Accounts and Explanation Debit Credit
----------------------------------------------------------------------
Dec 31, 2025
Depreciation Expense-Equipment $2,120
Accumulated Depreciation-Equipment $2,120
(To record depreciation of the vehicle)
Dec 31, 2025
Insurance Expense $229
Prepaid Insurance $229
(To record the expired portion of insurance policy)
Below is the income statement for the period ended December 31, 2025.
Income Statement:
For the period ended December 31, 2025
Sales Revenue $3,000
Expenses:
Vehicle Maintenance Expense $2,300
Insurance Expense $2,750
Advertising Expense $3,000
Depreciation Expense-Equipment $2,120
Total Expenses $10,170
Net Income $(7,170)
Below is the classified balance sheet as of December 31, 2025.
Classified Balance Sheet:
December 31, 2025
Assets:
Current Assets:
Cash $0
Prepaid Insurance $0
Total Current Assets $0
Noncurrent Assets:
Equipment $13,680
Accumulated Depreciation-Equipment $(2,120)
Total Noncurrent Assets $11,560
Total Assets $11,560
Liabilities and Equity:
Current Liabilities:
None $0
Long-Term Liabilities:
None $0
Equity:
Common Stock $0
Retained Earnings $(7,170)
Total Equity $(7,170)
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Answer the questions below as it relates to Targeting by Decile Grid: The Market Basket consists of the top 5 companies in the 3D printer business. In Q4 2019, the total number of 3D printers sold within the Market Basket was 10,000. Your company sold 2,000 printers which represent a 20% Market Share of this Market Basket. Assume that the Marketing Department has determined it will focus its efforts on 1,000 target accounts (customers) Using your knowledge of Targeting by Decile (3 Rows of 10 Columns (boxes) each); Title the first row AND complete the 10 columns in this row Title the second row AND complete the 10 columns in this row Title the third row AND complete the 10 columns in this row (the information in these 10 columns is NOT known with specific certainty but make it DIRECTIONALLY CORRECT)
The companies are listed alphabetically as placeholders, and the actual prioritization may vary based on various factors such as market analysis, customer data, and business strategies.
Title: Targeting by Decile Grid
Row 1: High Priority Accounts
Column 1: Company A
Column 2: Company B
Column 3: Company C
Column 4: Company D
Column 5: Company E
Column 6: Company F
Column 7: Company G
Column 8: Company H
Column 9: Company I
Column 10: Company J
Row 2: Medium Priority Accounts
Column 1: Company K
Column 2: Company L
Column 3: Company M
Column 4: Company N
Column 5: Company O
Column 6: Company P
Column 7: Company Q
Column 8: Company R
Column 9: Company S
Column 10: Company T
Row 3: Low Priority Accounts
Column 1: Company U
Column 2: Company V
Column 3: Company W
Column 4: Company X
Column 5: Company Y
Column 6: Company Z
Column 7: Company AA
Column 8: Company BB
Column 9: Company CC
Column 10: Company DD
The specific information in the 10 columns of each row is not known with certainty, but the general direction of prioritization is provided. The companies are listed alphabetically as placeholders, and the actual prioritization may vary based on various factors such as market analysis, customer data, and business strategies.
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In the short run, when a firm produces zero output, total cost equals: a. Zero. b. Variable costs. c. Fixed costs. d. Marginal costs.
When the output is zero, the variable cost will also be zero. The fixed cost won't change at all. As a result, the total cost will be equal to the fixed cost.
The cost that is consistent independent of output level is known as a fixed cost. The expense whose quantity changes based on the degree of output is referred to as a variable cost. A fixed cost is an expense that a company must pay and typically includes a temporal component. The monthly rent a business pays for office building or manufacturing plants is an illustration of a fixed expense. Overall costs are made up of both fixed costs and variable costs. The sum of all recurring, non-variable costs a business incurs is what is known as total fixed costs. Take the case of a business that pays $10,000 per month to lease office space, $5,000 per month to rent equipment, and $1,000 per month to pay its utility bills. There would be a total of $16,000 in fixed costs for the business in this scenario.
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under what system of stratification is your societal position related to your position in the economic market?
According to the socioeconomic class system, one's place in society has an impact on one's position in the market.
The system of social standing is referred to by sociologists as social stratification. Social stratification is the division of a population into groups according to wealth, income, education, family history, and authority in a society.
A society's division of its members into groups according to socioeconomic characteristics such as wealth, income, race, education, ethnicity, gender, employment, social position, or derived power is known as social stratification (social and political). In this sense, stratification refers to the relative social standing of individuals within a social group, category, geographic location, or social unit.
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Support activities add value by themselves or through their relationships with which kinds of activities?
Operations of the value chain including procurement, technological development, human resource management, and general administration either contribute value on their own or through significant links with both main activities and other support activities.
In the value chain model, these activities are referred to as support-activities and they are essential to the efficient operation of the primary activities. The procurement process entails locating inputs and raw materials, whereas technological development promotes innovation and competitiveness.
General administration provides the essential infrastructure and support services, while human resource management makes sure that the requisite talent is present to carry out the main duties. All of these auxiliary activities add to the total value a firm creates and are necessary for the value chain to operate effectively and efficiently.
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What is the difference between a “Named Insured” and a “Driver”?
Named insured(s) can drive a car, or anyone else's (including rental car) and get into an accident. An additional driver is a person who resides with the named insured and/or regularly uses a shared vehicle. His or her record is used in underwriting the policy to determine rates, but the person has no policy rights.
A Trustworthy Source is credible, reliable & relevant.
True
False
Answer: True
Explanation:
Marla is a macroeconomist who believes that monetary policy is not very effective in changing aggregate demand, output, and employment. marla is most likely a:______.
Marla is a macroeconomist who believes that monetary policy is not very effective in changing aggregate demand, output, and employment. marla is most likely a Keynesian economist.
An economist is an expert and practitioner in the social science field of economics. Individuals can also research, develop and apply economics theories and concepts and write about economics. As an economist, you research and monitor economic trends and create statistical models to predict future developments.
An economist is an expert who studies the relationship between society's resources and their production or output. Economists study societies ranging from small communities to whole nations to the global economy.
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which of the following is an example of a good leader in the context of business? a.a person who disobeys authority b.a person who relies on force to lead people c.a person who is efficient and does not delegate his or her duties d.a person who can influence others e.a person who is a dictator
The correct option is D. A good leader in the context of a business person who can influence others.
Extremely good leaders treat their groups with appreciation, gaining appreciation in going back. transparent: Being open and sincere makes work greater green and exciting. Trusting: leadership requires delegation–trusting their team to finish what they are assigned with excellence produces fantastic morale and mutual respect.
Exact leaders percentage a level of brilliance that permits them to encourage the hundreds in the direction of new ideas and innovations. Examples encompass Mahatma Gandhi, Oprah Winfrey, and Martin Luther King Jr. studying notable leaders is useful as it lets you analyze high-quality traits and behaviors to emulate.
They keep in mind it is an excessive honor and duty to serve those they have been given the privilege to guide. remarkable leaders attempt to be fantastic communicators. they're responsive and dependable and supply on their commitments.
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Which of the following is an example of a soft skill?
A. Ability to use CSS spreadsheets
B. Ability to manage spreadsheets
C. Ability to work well with a project team
D. Ability to manipulate images using computer software
Answer:
Ability to work well with a project team
Explanation:
When determining the amount of cash payments for manufacturing overhead, which costs are removed from the budgeted manufacturing overhead?
When determining the number of cash payments for manufacturing overhead, Depreciation is removed from the budgeted manufacturing overhead.
What is depreciation in accounting?
Depreciation is allocated across the asset's estimated useful life in order to charge a reasonable portion of the depreciable amount for each accounting period. Depreciation includes the amortization of assets with predetermined useful lifetimes.
How to calculate manufacturing overhead?
You must total up all indirect costs associated with the manufacturing of a product to determine manufacturing overhead. This covers the price of depreciation, factory supplies, electricity, insurance, maintenance of machines, indirect materials and labor, and more.
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galaxy tennis corporation issues 1,000 shares of its $0.01 par value preferred stock to finance operations. the preferred stock was sold for $15 per share. record the issuance of the preferred shares.
The preferred stock issuance is recorded by debiting the Preferred Stock account for the total value of the shares ($15,000).
Since the par value of the stock is $0.01, the remaining amount of $14,000 represents the excess paid by the investors. This excess is credited to the Paid-in Capital in Excess of Par account.
The Common Stock account is credited for the par value of the shares ($0.01 x 1,000 shares = $1,000). This entry reflects the legal capital of the company.
By making these journal entries, the company properly records the issuance of preferred shares and distinguishes the par value from the additional amount paid by investors.
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Glamor is a cosmetics company that uses a television program to explain the benefits of the company's unique skincare products developed over several years by a Beverly Hills dermatologist. The program shows a step-by-step process of daily skincare activities designed to improve a person's skin tone, wrinkles, and skin discoloration. This television _______ is a 30-minute or longer advertisement, which is relatively inexpensive to produce and air
The television infomercial is a 30-minute or longer advertisement, which is relatively inexpensive.
What is an infomercial?An infomercial serves as a form of advertisement that educate the customer about a product.
Therefore, infomercial is a series of introduction as regards products via television.
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on an income statement, the revenues are more than the expenses this result in cash flow from ------- activities a. investing b. financing c. operating d. marketing
On an income statement, if the revenues are greater than the expenses, it results in cash flow from operating activities. This is because revenues and expenses are part of operating activities, while investing activities deal with investments in long-term assets, and financing activities deal with changes in liabilities and equity.
However, it is worth noting that the income statement is just one part of the cash flow statement. While the income statement records a company's revenues and expenses over a period of time, the cash flow statement reports a company's cash inflows and outflows over the same period. The cash flow statement consists of three sections: operating activities, investing activities, and financing activities.
The cash flow from operating activities shows how much cash a company generates or uses from its core operations, while investing activities show how much cash is used or generated by buying or selling long-term assets. Financing activities show how much cash is used or generated from changes in liabilities and equity.
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Matthew earned $1,000 this pay period. He will pay $94.12 in federal taxes. He does not have to pay state income tax. Social security tax is 6.2%, which is $62. Medicare is 1.45%, which is $14.50. Calculate Matthew's net pay with all mandatory taxes included.
Answer: 829.38
Explanation:
A gentleman in a wheelchair and his daughter are in the store looking at Healthcare products. You are not currently helping another customer and you spot that they have a shopping list. What do you do?
wirte a report to your headmaster about the historical excursion
my
Unloading the dishwasher is an example of a _____. a. Two minute action task b. Time sensitive task c. Locationally sensitive task d. Multi-task job
Answer:
C or 3
Explanation:
Locationally sensitive task
Unloading the dishwasher is an example of a Locationally sensitive task.
Thus, the correct option is C.
What is Locationally sensitive task?A task in project management is an action that must be finished by a specific date or time in order to advance professional objectives. It is a minor but crucial task that helps to distinguish between different project components.
A task can be divided into assignments, each of which should have a set start and finish date or completion deadline. An assignment or assignments on a task start the task's execution.
A task is typically considered finished after all assignments for that task have been performed. Dependencies can be established by connecting tasks together.
The cooperation of others is typically required to complete tasks. In order to achieve a common objective, coordinated human contact integrates the time, energy, effort, capability, and resources of numerous individuals.
Another way to think about coordination is as the vital mechanism that connects or ties together individual efforts with those of the broader task being carried out by a number of people. Coordination enables one to successfully do tasks that would be more difficult to complete without it.
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Which work value is most likely to be important in a person's career choice?
oA.
preferring a fast-paced environment
oB.
volunteering at the animal shelter
oC.
spending time on social media applications
oD.
being skilled at negotiating and bargaining with people
Answer:
oD. being skilled at negotiating and bargaining with people
in the context of a customer benefit package (cbp), a variant is
A customer benefit package (CBP) is a specifically defined group of tangible (goods-content) and intangible (services-content) elements that the consumer is aware of, pay for, utilizes, or experiences.
A CBP is, to put it simply, a collection of products and services that have been organized in a specific way to benefit clients. Peripheral products or services are those that complement the core good or service but are not necessary to provide it. A variation is a CBP feature that differs from the basic CBP and is typically location- or company-specific. Transporting goods to consumers is referred to as distribution. It is also employed to define the breadth of a product's market reach.
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Objectives and functions of NCERT,UGC,AICTE,ICMR
Answer:
It undertakes educational research, training and developmental activities. It provides assistance to the government in educational matters. It co-ordinates, determines and maintains the standards of university education in the country. It is a national-level council for technical education.
Jackson is working late at night on a project that is due the next day. he is not sure how to print his word document, and it is too late to call or text his teacher. what what is the best option for Jackson?
Decided not to print the document
Provide negative feedback to office online
Type a question in the "tell me what to do" box
View accessibility options
Answer:
Type a question in the “Tell me what you want to do” box.
Explanation:
Did the test myself and got it right.
Answer:
click the tell me what to do box
Explanation:
Which one of the following options best describes the purpose of a sales contract? a. To establish a partnership between two companies b. To outline the terms of a business loan c. To set out the details of a sales transaction d. To provide legal protection in case of a dispute
The purpose of a sales contract is to set out the details of a sales transaction.
A sales contract is a legal agreement between a buyer and a seller that outlines the terms of a sale, including the price, delivery date, and payment terms.
The contract serves to protect both parties in the transaction and provides a clear understanding of the expectations and responsibilities of each party. It also serves as proof of the transaction in case of any future disputes or legal action.
Therefore, option c, "To set out the details of a sales transaction" is the best description of the purpose of a sales contract.
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Advertising a low-priced product in order to lure customers into buying a high-priced product is called what?.
Advertising a low-priced product in order to lure customers into buying a high-priced product is called Bait and switch
An ethically dubious sales strategy known as "bait and switch" entices clients with promises of high quality or low pricing on products that ultimately prove to be out of stock in order to upsell them on a more expensive, similar alternative. Despite the fact that it also occurs in other situations, it is regarded as a type of retail sales fraud. When a seller makes an alluring but phony offer to sell a good or service that the seller does not truly plan to sell, it is known as "baiting and switching."
A Potential Bait and Switch: Warning Signs
If a business provides you with a good or service at a significant discount and without any conditions.If a seller inquires about payment information too soon.If a vendor starts offering justifications for why a product that has been marketed is unavailable or costs more than stated.Learn more about Bait and switch here:
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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"Please answer all parts.
The December 31,2024 , adjusted trial balance for Coyote Corporation is presented below. Required: 1. Prepare an income statement for the year ended December \( 31,2024 . \) 2. Prepare a statement of"
The December 31, 2024, adjusted trial balance for Coyote Corporation provides the necessary information to prepare an income statement for the year ended December 31, 2024, and a statement of retained earnings.
To prepare the income statement, we need to gather the revenue and expense accounts from the trial balance. Revenues such as sales, service income, and other operating income are listed as credits. Expenses, including cost of goods sold, salaries and wages, rent, utilities, and other operating expenses, are listed as debits. By subtracting the total expenses from the total revenues, we can determine the net income or loss for the period. After preparing the income statement, we can use the net income figure to calculate the statement of retained earnings. The statement of retained earnings shows the changes in retained earnings from the beginning to the end of the period.
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In which stage of team development do project managers personalize each member's role, collaborate when possible, and assess and build members and team capability?
Project managers tailor each member's function at the team-capability phase or stage, encourage collaboration where practical, and evaluate and enhance individual and collective abilities.
At the norming stage, there is a high level of interdependency; participants routinely cooperate and voluntarily assist one another with duties outside of their own assigned responsibilities. Forming: During this phase, the team members are getting to know one another, the project management, and determining how they fit into the overall scheme of things.
Concerns about how they fit in with the group and how their abilities and skills stack up are shared by team members. Norming. Team members are developing fresh approaches to working and playing together at this level. Leadership shifts from "one" teammate in control to shared leadership as the group becomes more cohesive.
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Correct Question:
In What phase or stage of team development do project managers personalize each member's role, collaborate when possible, and assess and build members and team capability?
carson company has a piece of machinery that costs $500,000 and is expected to have a useful life of 4 years. residual value is expected to be $50,000. using the straight-line method, what is depreciatio
The annual depreciation using the straight-line method for Carson Company's machinery is $112,500.
To calculate depreciation using the straight-line method, you need to determine the depreciable cost, which is the cost of the machinery minus the expected residual value. carson company has a piece of machinery that costs $500,000 and is expected to have a useful life of 4 years.Residual value is expected to be $50,000. Then, you divide the depreciable cost by the useful life of the machinery.
In this case, the cost of the machinery is $500,000, and the expected residual value is $50,000.
Therefore, the depreciable cost would be:
Depreciable Cost = Cost of Machinery - Residual Value
Depreciable Cost = $500,000 - $50,000
Depreciable Cost = $450,000
Now, you divide the depreciable cost by the useful life of 4 years to find the annual depreciation:
Annual Depreciation = Depreciable Cost / Useful Life
Annual Depreciation = $450,000 / 4
Annual Depreciation = $112,500
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If the steady-state rate of unemployment equals 0.10 and the fraction of employed workers who lose their jobs each month (the rate of job separations) is 0.02, then the fraction of unemployed workers who find jobs each month (the rate of job findings) must be: 0.02. 0.08. 0.10. 0.18.
If the steady-state rate of unemployment equals 0.10 and the fraction of employed workers who lose their jobs each month (the rate of job separations) is 0.02, then fraction of unemployed workers who find jobs each month (the rate of job findings) must be approximately 0.14 or 0.1414 (rounded to four decimal places). Thus, the correct option is 0.14.
Given, the steady-state rate of unemployment equals 0.10 and the fraction of employed workers who lose their jobs each month (the rate of job separations) is 0.02,
We need to find the fraction of unemployed workers who find jobs each month (the rate of job findings) must be:
We know that the steady-state rate of unemployment (u) is given by:
u = s/(s+f)
where s is the fraction of employed workers who lose their jobs each month (the rate of job separations) and f is the fraction of unemployed workers who find jobs each month (the rate of job findings).
Now, the given steady-state rate of unemployment is 0.10 and the fraction of employed workers who lose their jobs each month (the rate of job separations) is 0.02.
u = s/(s+f)
0.10 = 0.02/(0.02+f)
On cross multiplying, we get:
1 = 0.02/f+f0.02
= f²f
= √0.02f
= 0.1414
Therefore, the fraction of unemployed workers who find jobs each month (the rate of job findings) must be approximately 0.14 or 0.1414 (rounded to four decimal places).
Thus, the correct option is 0.14.
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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PLEASE HELP!!! What is the name for the highest amount a policyholder pays for deductibles, coinsurance, and co payments?
A. benefit maximum
B. coverage maximum
C. out-of-pocket maximum
D. premium maximum
Answer:
out of pocket
Explanation:
plato
What information does a person need to know before renting an apartment?
O The salaries earned by the building employees.
O If electricity is included in the rent of the apartment.
O The property taxes on the building that are paid by the owner.
o If the apartment building has a mortgage.
Answer:2
Explanation:
2