Answer:
Ernst Consulting
Balance Sheet
For the Month Ended October 31, 202x
Assets:
Cash $12,650
Accounts receivable $12,800
Office supplies $2,850
Office equipment $17,530
Land $45,940
Total assets $91,770
Liabilities and stockholders' equity:
Accounts payable $8,110
Common Stock $83,540
Retained earnings $120
Total liabilities and stockholders' equity $91,770
Explanation:
I ordered the accounts and included a couple that were missing:
- Cash 12,650
- Accounts receivable 12,800
- Consulting revenue 12,800
- office supplies 2,850
- Land 45,940
- office equipment 17,530
- Accounts payable 8,110
- Cash dividends 1,570
- Common Stock 83,540
- Rent expense 3,110
- Salaries expense 6,490
- Telephone expense 850
- Miscellaneous expenses 660
First we need to determine net profit for the month:
Consulting revenue 12,800
Salaries expense -6,490
Rent expense -3,110
Telephone expense -850
Miscellaneous expenses -660
net profit = $1,690
retained earnings = net profit - dividends distributed = $1,690 - $1,570 = $120
Answer:
$3.25
Explanation:
The new price for cigarettes will be the intersection point between the demand curves and the new supply curve.
Assuming S1 is the old supply curve without taxes and the new supply curve is S2 with taxes. The new price is the intersection of S2 and the demand curve, which is at $3.25.
Answer:
A) profitability
Explanation:
The main advantage of being a socially responsible business is that your company's image improves as well as your brand value.
Social responsibility increases profits because it promotes higher sales, boosts the company's image and increases customer loyalty.
One of the most famous and recognized studies that supports the positive effects of social responsibility was <em>Corporate citizenship: Profiting from a sustainable </em>business published by the Economist Intelligence Unit in 2008. Several other studies also show the same relationship, but the most relevant one was the Economist's report (N° 1 magazine in the business world).
Answer:
4. Usage
Explanation:
Market Segmentation refers to segregation of markets into different sectors or sections wherein each sector comprises of buyers with similar traits or patterns.
Market Segmentation of can be done on the basis of location or area which is termed as Geographical, on the basis of age composition or population, which is termed as Demographical, on the basis of perception and psychic of buyers which is termed as Psychographic, on the basis of their buying pattern and usage, which is termed as Behavioral.
The given information corresponds to Behavioral segmentation or usage based segmentation.
Answer: a) $1,000 + $1,000 x .08 x 3 = $1,240
Explanation:
Monthly retirement Benefit at age 67 = $1000
Incremental rate on benefit beyond age 67 = 8%
Incremental rate on benefit beyond age 70 = 0
Period = 70 - 67 = 3years
Estimated monthly benefit at age 72;
Monthly benefit at age 67 + (monthly benefit at age 67) × incremental rate × increment period × 12
$1000 + ($1000 × 0.08 × 3 )
$1000 + $240.00
=$1240
Similarly,
This means monthly rate = 8% / 12 = 0.0066667
Total period = 12 × 3 = 36 months
Total = Principal + (principal × rate × time)
1000 + (1000 × 0.0066667 × 36)
1000 + 240.0012
1,240.0012 = 1240