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4 years ago

Listed below are accounts that appear in financial statements.

Business

1 answer:

Kobotan [32]4 years ago

7 0

Answer:

Dividends - Statement of Changes in Retained Earning

Dividends are payments to shareholders from a company's net income. They are derived from the Statement of Changes in Retained Earning because this is where Net Income is sent to. After they are deducted from Retained Earnings, the Earnings form part of Equity.

Differed Revenue - Balance Sheet

Differed Revenue refers to money that was received from a customer or client for goods and/or services that have not yet been delivered. The business will treat them as a liability until they are delivered so they will go under Current Liabilities in the Balance Sheet assuming they are to be fulfilled in 12 months or less which is usually the case.

Service Revenue - Income Statement

These are revenue that the business earns for providing a service when their main source of revenue is by selling goods. It is listed in the Income Statement just after Revenue and is added to Revenue to get Total Revenue.

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What characteristics would make an encryption absolutely unbreakable? what characteristics would make an encryption impractical

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There's no such things as an unbreakable encryption. If an encryption is devised, it will eventually be broken/decrypted. However, there are certain measures or characteristics that can be put in place to prolong decryption like using a one-time pad encryption. This means the key is used only once; using a key once is a pretty good idea since a strong algorithm will be of no use when the key becomes known. This characteristics ensures that a new key is required for decryption on successive attempt. You could also consider adding a long sequence of characters or adding an extra layer of security by upgrading to 256 or 512 bit encryption, also use salting and multiple algorithms.

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3 years ago

Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received y

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Answer:

$2,171,762

Explanation:

since there is not enough room here I used an excel spreadsheet

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3 years ago

Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Gre

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Answer:

Greg's Bicycle Shop

Ending Inventory:

a. Specific Identification:

Beginning inventory 1 * $230 = $230

March 9 purchase 2 * $250 = 500

March 22 purchase 2 * $260 = 520

March 30 Purchase 8 * $280 =2,240

Total value of inventory 13 units = $3,490

Cost of goods sold = Cost of goods available for sale Minus Ending Inventory

= $11,940 - $3,490

= $8,450

b. FIFO:

March 22 Purchase 5 260 1,300

March 30 Purchase 8 280 2,240

Ending Inventory 13 $3,540

Cost of goods sold = Goods available for sale Minus Ending Inventory

= $11,940 - $3,540

= $8,400

c. LIFO:

Ending Inventory:

March 1 Inventory 13 $230 $2,990

Cost of goods sold = Goods available for sale Minus Ending Inventory

= $11,940 - $2,990

= $8,950

d) Weighted -Average Cost:

Ending Inventory = $248.75 * 13 = $3,233.75

Cost of Goods Sold = $248.75 * 35 = $8,706.25

Specific FIFO LIFO Weighted

Identification Average

Sales $13,900 $13,900 $13,900 $13,900.00

Cost of goods sold 8,450 8,400 8,950 $8,706.25

Gross profit $5,450 $5,500 $4,950 $5,193.75

Explanation:

Dat and Calculations:

Shop uses periodic inventory system

Date Transactions Units Unit Cost Total Cost Total

March 1 Beginning inventory 20 $230 $4,600 Sales

March 5 Sale ($360 each) 15 $360 $5,400

March 9 Purchase 10 250 2,500

March 17 Sale ($410 each) 8 $410 $3,280

March 22 Purchase 10 260 2,600

March 27 Sale ($435 each) 12 $435 $5,220

March 30 Purchase 8 280 2,240

Total Goods available for sale 48 35 $11,940 $13,900

Ending Inventory = 13 (48 - 35)

Weighted average cost = Cost of goods available for sale/Units of Goods available for sale

= $11,940/48 = $248.75

Specific Identification:

March 5 sale 15 consists of bikes from 15 beginning inventory Bal 5 - 4 = 1

March 17 sale 8 consists of bikes from the March 9 purchase Bal = 2

March 27 sale 12 consists of four bikes from beginning inventory and eight bikes from the March 22 purchase Bal = 2

Ending Inventory:

Specific Identification:

Beginning inventory 1 * $230 = $230

March 9 purchase 2 * $250 = 500

March 22 purchase 2 * $260 = 520

March 30 Purchase 8 * $280 =2,240

Total value of inventory 13 units = $3,490

FIFO:

March 22 Purchase 5 260 1,300

March 30 Purchase 8 280 2,240

Ending Inventory 13 $3,540

LIFO:

March 1 Beginning inventory 13 $230 $2,990

Weighted-Average Costs:

Ending Inventory = $248.75 * 13 = $3,233.75

Cost of Goods Sold = $248.75 * 35 = $8,706.25

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3 years ago

Assume that Ms. Sawyer's salary is $70,000, up from $60,000 last year, while the CPI is 120 this year, up from 100 last year. Th

Alex17521 [72]

Assume that Ms. Sawyer's salary is $70,000, up from $60,000 last year, while the CPI is 120 this year, up from 100 last year. This means that Ms. Sawyer's real income has decreased since last year.

CPI is a statistical estimate generated from the price of a sample of representative items that are priced on a regular basis. Sub-indexes and sub-sub-indexes are calculated for different categories and subcategories of goods and services and are combined to create an overall index with weights that reflect the share of total consumer spending covered by the index.

This is one of several price indexes calculated by most National Statistics Bureaus. The annual rate of change in the CPI is used as an indicator of inflation. CPI can be used to index the actual value of wages, salaries and pensions (that is, to adjust for the effects of inflation).

Regulate the price. It then shrinks the monetary size to show the actual change in value. In most countries, the CPI, along with the census, is one of the most widely followed national economic statistics.

Learn more about CPI here: brainly.com/question/1889164

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2 years ago

A purse company's ads feature the cast of a popular reality show. Product sales increase significantly among the fans. From the

TiliK225 [7]

Answer: d. Reference group

A reference group refers to a group of people who are used as yardsticks by individuals for their own self assessment. The self assessment is made with respect to attitudes, behaviour, tastes, beliefs, preferences or values.

When the cast of a show appeared in a TV ad feature for purposes, the cast became a reference group for the purse and the fans quickly purchased the purse, resulting in higher sales.

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4 years ago