What are three red flags that might be raised for hiring managers

Susan Marciano invested part of her $38,000 bonus in a fund that paid a 10% profit and invested the rest in stock that suffered

kakasveta [241]

Answer:

Missing word <em>"The amount invested at 10% is $? and The amount invested in stock is ?"</em>

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Let Susan invested $x that paid a 10% profit

Then (38,000 - x) suffered loss at 4%

Overall net profit = $3,350

10% of x - 5% of (38,000 - x) = $3,350

10/100*x - 5/100*(38,000 - x) = $3,350

10x - 5*(38,000 - x) = 335,000

10x - 190,000 + 5x = 335,000

15x = 335,000 + 190,000

15x = 525,000

x = 525,000/15

x = 35,000

From (38000 - x) when x = 35,000

==> 38,000 - 35,000

==> $3,000

So, the amount invested at 10% is $35,000 and the amount invested at 5% i.e stock is $3,000

3 0

3 years ago

Nike, Inc., with headquarters in Beaverton, Oregon, is one of the world's leading manufacturers of athletic shoes and sports app

JulijaS [17]

Answer:

Nike, Inc.

Transaction Analysis and Indication of the account, amount, and direction of the effect on the accounting equation:

a. Purchased additional buildings for $172 and equipment for $270; paid $432 in cash and signed a long-term note for the rest.

Analysis:

Accounts affected: Building, Equipment, Cash, and Long-term Note Payable

Assets (Building +$172,000,000, Equipment + $270,000,000, Cash -$432,000,000) = Liabilities (Long-term Note Payable + $10,000,000) + Equity

Check: Assets +$10,000,000 = Liabilities + $10,000,000 + Equity

b. Issued 100 shares of $2 par value common stock for $345 cash.

Analysis:

Accounts Affected: Common Stock, Additional Paid-in Capital (APIC), and Cash

Assets (Cash +$345,000,000) = Liabilities + Equity (Common Stock +$200,000,000 and APIC +$145,000,000)

Check: Assets +$345,000,000 = Liabilities + Equity +$345,000,000

c. Declared $145,000,000 in dividends to be paid in the following year.

Analysis:

Accounts affected: Dividends Payable and Dividends (Retained Earnings)

Assets = Liabilities (Dividends Payable + $145,000,000) + Equity (Retained Earnings - $145,000,000

Check: Assets = Liabilities -$145,000,000 + Equity - $145,000,000

d. Purchased additional short-term investments for $7,616,000,000 cash.

Analysis:

Accounts Affected: Short-term Investments and Cash

Assets(Short-term Investments + $7,616,000,000, Cash -$7,616,000,000) = Liabilities + Equity

Check: Assets = Liabilities + Equity

e. Several Nike investors sold their own stock to other investors on the stock exchange for $84

No impact on the accounting equation.

f. Sold $4,313 in short-term investments for $4,313 in cash.

Analysis:

Accounts Affected: Short-term Investments and Cash

Assets(Short-term Investments - $4,313,000,000, Cash +$4,313,000,000) = Liabilities + Equity

Check: Assets = Liabilities + Equity

Explanation:

In Nike's financial records, the accounting equation is the basis for the double-entry system of accounting. It shows that the two sides of the financial position of Nike, Inc. are always in balance with the assets = liabilities + equity with the occurrence of each business transaction. This is because, two or more accounts are always involved and affect equally the two sides if proper accounting has been carried out.

5 0

3 years ago

If Congress decides to increase defense spending but does not increase taxes to cover the deficit spending, we can expect that

mote1985 [20]

Answer:

e. consumer spending will increase.

Explanation:

If Congress decides to increase defense spending but does not increase taxes to cover the deficit spending, we can expect that consumer spending will increase because, unless in the event that the increase will be funded by borrowing from the private sector which will cause a crowding out effect, The increased spending by congress (government) will create a multiplier effect by causing job creation for the unemployed, which will imply that people will have more income to spend leading to rise in aggregate demand or consumer spending.

Furthermore, the fact that there will be no increase in taxes implies that consumers will have a higher disposable income for consumption purposes leading to a rise in consumer spending

3 0

4 years ago

Ameneh's mother is an entrepreneur and chooses to open a business. Her business begins to grow a large consumer base and eventua

inna [77]

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no thats wrong

it's a

5 0

3 years ago

Suppose on January 1 Andrew's Tavern prepaid rent of $ 16 comma 800 for the full year. At November 30, how much rent expense s

zalisa [80]

Answer:

The rent expense to be recorded on November 30 will be $15400.

Explanation:

The accrual principle in the accounting states that the revenues and expenses for a period should be matched and recorded in their respective periods. Following the principle, we should record the expenses in the period to which they belong. Thus, the rent that is paid in advance is an asset and it will be expensed out as it is consumed.

The rent of $16800 is paid for the period from January to December.

The rent to be recorded as rent expense on 30 November will be for 11 months from January to November.

Rent expense = 16800 * 11/12 = $15400

6 0

4 years ago