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3 years ago

Exercise (2):

Business

1 answer:

Rasek [7]3 years ago

3 0

Answer:

Amount in $

Dr. Cr.

Salaries Expense 1,300

Salaries Payable 1,300

Salaries to be paid in august

Bank 20,000

Long term loan 20,000

Loan received from bank on a 10 year note

Interest Expense 200

Interest payable 200

Expense on loan for 10 years ( 20,000 *.12*1/12)

Revenue 2,400

Receivable 2,400

Unrecorded revenue

Explanation:

1. Salaries are payable in august so a payable will be recorded for the amount. and an expense will be booked for the month.

2. Since this loan is for a period of more than 12 months so it will be treated as long term and interest on it will be calculated as mentioned above.

3. Unrecorded revenue will be recorded at mentioned above.

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Oliver is a small manufacturing business owner. He has a limited number of employees working under him. He usually helps his emp

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Answer: Social and motivational character trait helps him to be a good entrepreneur.

Explanation:

Oliver understands the strengths and weakness of the employees. He tries to nurture the strengths of the employees . By doing so the employees can be more productive and give efficient performance. He is being very social with the employees and understands their insecurities and tries to provide solution.

He concentrates on the personal growth of the individuals working under him. He plays the role of a motivational leader which helps him to be a successful entrepreneur. When the employees have job satisfaction they perform well in their work.

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3 years ago

Read 2 more answers

A friend and fellow student shares her employment experience over the last 12-week summer break. It took her one full week to fi

Inessa05 [86]

Answer: 1. 12. 2. 1.090. 3. 0.08327

Explanation:

Here is the complete question:

friend and fellow student shares her employment experience over the last 12-week summer break. It took her one full week to find a job. She started on the first day of week two and was able to keep her job for the remaining eleven weeks. Use this information to answer the following three questions, assuming the unemployment rate is not changing:

1. Calculate the rate of job finding (f) for the summer, using an average rate per week. Enter this value in the box below. Note that if f is the rate of job finding, then the average spell of unemployment is (1/f).

The value of f is:

2. Calculate the rate of job separation (s), using an average rate per week. Enter this value into the box below. Note that if s is the rate of job separation, then the average length of employment is (1/s).

The value of s is:

3. Calculate the natural rate of unemployment (U) using the above results and enter this value in the box below.

The natural rate of unemployment (in percent) is

1. From the question, we can see that it was said that took her one full week to get a job over the last 12 week summer break. The unemployment rate will be 12.

The value of f is: 12

2. From the question, the average length of the employment is 11/12 weeks. The rate of job separation will be: s = 12weeks ÷ 11 weeks

s = 1.090

The value of s is: 1.090

3. The natural rate of unemployment will be:

U = s/(s+f)

= 1.090/(1.090 + 12)

= 1.090/13.090

= 0.08327

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3 years ago

Hodgkiss Mfg., Inc., is currently operating at only 94 percent of fixed asset capacity. Current sales are $840,000. Fixed assets

Pepsi [2]

Answer:

= $9,167

Explanation:

What information do we have relevant to our question

The Current Operating Capacity = 94%

The Current Sales = $840,000

The Current fixed Asset = $500,000

The Projected Sales = $910,000

Step 1: we determine the Sales at full capacity

= Current Sales/ The Capacity of the Fixed Asset

= $840,000 / 0.94 = 893,617.021276

Step 2: We determine the Percentage of Fixed Assets

= Current Fixed Asst / The Sales at full capacity

= $500,000/ 893,617.021276

= 0.5595238095

Step 3: We determine the Required Total fixed Assets

=Percentage of fixed assets x Projected sales.

= 0.5595238095 x $910,000

= 509,166.666645

Step 4:: We calculate the New Fixed Asset needed to support sales growth

= Total Fixed Assets calculated in step 3 - The Current Fixed Assets

= 509,166.666645 - $500,000

= $9,167

6 0

3 years ago

After the death of her husband, Gina Baker, 35, received a check for $350,000 from a life insurance company. Gina has two small

Tju [1.3M]

Answer: Safety

Explanation:

According to the given question, Gina is using the safety investment factor as it is one of the important factor in the investment program after her husband death and she is using the safety investment process for the purpose of securing her and the children's future.

The safety is basically stand for the simple agreement for the future equities and the secondary purpose of the investment program is to earn some interest money. The investment program is one of the type of monetary assets which is basically provide some profit in the future for example the mutual funds.

In the same way, the life insurance is one of the program in which the person makes the payment on some regular basis to the insurance company and after the persons; death the company give money to their family.

Therefore, Safety is the correct answer.

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4 years ago