The cost of resources and using more efficient are two factors that affect the supply of a product

Please help its due in 2 hours time will give all my points

adoni [48]

Explanation:

First money ever made was just coins and it differed in worth compared to today. In the present, money is not only a physical object but it also an imaginary value on our bank accounts and cards. Having in mind that monetary transactions are all-in-all deposits, withdrawals and exchanges, its way easier to conduct those with not having to give and recieve money in physical form, but being, able to do it all while just transfering the numbers from one to another account. Bankers have less responsibility due to not having to stock all the money in safes and secure boxes, but just checking if all the numbers are adding up. So, shall we say, the development of money over time has improved the way in which monetary transactions are conducted because this way, it's safer, faster and much more trustworthy.

8 0

3 years ago

On July 1, based on prior experience, Rocky estimated there is a 40% chance it will earn the bonus for July tours. It guided a t

Alexxandr [17]

Answer:

a)

Account receivable is $28,000

Service revenue is $28,000

b)

Account receivable is $42,000

Bonus receivable is $7,000

Service revenue is $49,000

c)

Account receivable is $70,000

Bonus receivable is $7,000

Service revenue is $7,000

Explanation:

Rocky Guide Service provides guided 1-5 day hiking tours throughout the Rocky Mountains. Wilderness Tours hires Rocky to lead various tours that Wilderness sells. Rocky receives $2,800 per tour day, and shortly after the end of each month Rocky learns whether it will receive a $280 bonus per tour day it guided during the previous month if its service during that month received an average evaluation of "excellent" by Wilderness customers. The $2,800 per day and any bonus due are paid in one lump payment shortly after the end of each month.

a) On July 1, based on prior experience, Rocky estimated there is a 40% chance it will earn the bonus for July tours. It guided a total of 10 days from July 1–July 15.

b) On July 16, based on Rocky’s view that it had provided excellent service during the first part of the month, Rocky revised its estimate to an 90% chance it would earn the bonus for July tours. Rocky also guided customers for 15 days from July 16–July 31.

c) On August 5 Rocky learned it did not receive an average evaluation of "excellent" for its July tours, so it would not receive any bonus for July, and received all payment due for the July tours.

a) During July 1–July 15, Rocky estimated a less than 50% chance (i.e 40%) it will earn the bonus for July tours. Using most likely approach since the chance of expecting a bonus is 40% which is less than 50%, Rocky would not receive any bonus.

Therefore: Revenue = $2800 per tour day × 10 days = $28000

Total revenue = Revenue = $28000

Total revenue is $28,000

Account receivable is $28,000

Service revenue is $28,000

b) During July 16–July 31, Rocky estimated more than 50% chance (i.e 90%) it will earn the bonus for July tours. Using most likely approach since the chance of expecting a bonus is 90% which more than 50%, Rocky would receive the bonus.

Therefore: Revenue = $2800 per tour day × 15 days = $42000

Bonus earned = $280 per tour day × (10 + 15) days = $7000

Total revenue = Revenue + Bonus earned = $42000 + $7000 = $49000

Total revenue is $49,000

Account receivable is $42,000

Bonus receivable is $7,000

Service revenue is $49,000

c) On August 5, Rocky learned he would not receive any bonuses and receives only $60000 (i.e $42000 + $28000) in account receivable. Rocky reduces his bonus to zero and records the offsetting adjustment.

Account receivable is $70,000

Bonus receivable is $7,000

Service revenue is $7,000

6 0

3 years ago

A (n) is the factor that is deliberately changed in an experiment

Bas_tet [7]

The independent variable e.g amount of sunlight a plant gets independent; the plant's height would be dependent (it is relying upon the amount of sunlight the plant gets).

5 0

3 years ago

At the beginning of the tax year, Barnaby's basis in the BBB Partnership was $50,000, including his $5,000 share of partnership

drek231 [11]

Answer:

$62,000

Explanation:

Calculation to Determine Barnaby's basis at the end of the tax year

Using this formula

Ending tax year Barnaby's basis in the partnership=[BBB Partnership basis+( Share of debt-Share of partnership debt)+ Share of Partnership's income +Share of partnership's nontaxable income-Cash distributions]

Let plug in the formula

Ending tax year Barnaby's basis in the partnership =$50,000 + ($8,000-$5,000) + $20,000 + $1,000 - $12,000

Ending tax year Barnaby's basis in the partnership =$50,000 + $3,000 + $20,000 + $1,000 - $12,000

Ending tax year Barnaby's basis in the partnership = =$62,000

Therefore Barnaby's basis at the end of the tax year will be $62,000

5 0

3 years ago

Branson paid $566,700 cash for all of the outstanding common stock of Wolfpack, Inc., on January 1, 2017. On that date, the subs

ra1l [238]

Answer:

a.

Dr Investment in Wolfpack, Inc. 618,500

Cr Contingent performance obligation 51,800

Cr Cash 566,700

b.

12/31/17

Dr Loss from increase in contingent performance obligation 7,400

Cr Contingent performance obligation 7,400

12/31/17

Dr Loss from increase in contingent performance obligation 200

Cr Contingent performance obligation 200

12/31/18

Dr Contingent performance obligation 59,000

Cr Cash 59,000

c.

Equity Method

Dr Common stock- Wolfpack 200,000

Dr Retained earnings-Wolfpack 274,000

Cr Investment in Wolfpack 474,000

Dr Royalty agreements 122,400

Dr Goodwill 71,500

Cr Investment in Wolfpack 193,900

Dr Equity earnings of Wolfpack 74,400

Cr Investment in Wolfpack 74,400

Dr Investment in Wolfpack 25,000

Cr Dividends paid 25,000

Dr Amortization expense 13,600

Cr Royalty agreements 13,600

d.

Initial Value Method

Dr Investment in Wolfpack 59,400

Cr Retained earnings-Branson 59,400

Dr Common stock- Wolfpack 200,000

Dr Retained earnings-Wolfpack 284,000

Cr Investment in Wolfpack 484,000

Dr Royalty agreements 122,400

Dr Goodwill 71,500

Cr Investment in Wolfpack 193,900

Dr Dividend income 25,000

Cr Dividends paid 25,000

Dr Amortization expense 13,600

Cr Royalty agreements 13,600

Explanation:

a. Preparation of the Journal entry to record the acquisition of the shares of its Wolfpack subsidiary

Dr Investment in Wolfpack, Inc. 618,500

Cr Contingent performance obligation 51,800

Cr Cash 566,700

(566,700+51,800)

b. Preparation of the Journal entries at the end of 2017 and 2018 and the December 31, 2018, payment.

12/31/17

Dr Loss from increase in contingent performance obligation 7,400

(59,200 - 51,800)

Cr Contingent performance obligation 7,400

12/31/17

Dr Loss from increase in contingent performance obligation 200

(59,000 - 59,200)

Cr Contingent performance obligation 200

12/31/18

Dr Contingent performance obligation 59,000

Cr Cash 59,000

c. Preparation of consolidation worksheet journal entries as of December 31, 2018

Equity Method

Dr Common stock- Wolfpack 200,000

Dr Retained earnings-Wolfpack 274,000

(211,000+ (78,000 - 15,000)

Cr Investment in Wolfpack 474,000 (274,000+200,000)

Dr Royalty agreements 122,400

(136,000 - 13,600)

(136,000/10 years=13,600)

Dr Goodwill 71,500

( 618,500- 411,000 - 136,000)

Cr Investment in Wolfpack 193,900

(122,400+71,500)

Dr Equity earnings of Wolfpack 74,400

(88,000 - 13,600)

Cr Investment in Wolfpack 74,400

Dr Investment in Wolfpack 25,000

Cr Dividends paid 25,000

Dr Amortization expense 13,600

(136,000/10 years)

Cr Royalty agreements 13,600

d. Preparation of consolidation worksheet journal entries as of December 31, 2018,

Initial Value Method

Dr Investment in Wolfpack 59,400

(88,000-15,000-13,600)

Cr Retained earnings-Branson 59,400

Dr Common stock- Wolfpack 200,000

Dr Retained earnings-Wolfpack 284,000

(211,000+ (88,000 - 15,000)

Cr Investment in Wolfpack 484,000

(284,000+200,000)

Dr Royalty agreements 122,400

(136,000 - 13,600)

Dr Goodwill 71,500

( 618,500 - 411,000 - 136,000)

Cr Investment in Wolfpack 193,900

Dr Dividend income 25,000

Cr Dividends paid 25,000

Dr Amortization expense 13,600

Cr Royalty agreements 13,600

6 0

3 years ago