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3 years ago

I will give BRAINLY I need any career name plz

Business

1 answer:

schepotkina [342]3 years ago

7 0

You can be a streamer!

Two Benefits of being a streamer is.

You can earn money.

Companies can promote your channel.

Two drawbacks of being a streamer is.

Your channel can get taken down or people can be rude to you.

You can forgot about uploading and may lose subscribers.

Let me know if you have any questions.

~ Lily from Brainly.

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Selected account balances before adjustment for Atlantic Coast Realty at July 31, the end of the current year, are as follows: D

solong [7]

Answer:

Atlantic Coast Realty

1. Adjusting Journal Entries:

Debit 12 Accounts Receivable $10,250

Credit 41 Fees Earned $10,250

To record the unbilled fees at July 31.

Debit 55 Supplies Expense $2,250

Credit 13 Supplies $2,250

To record supplies used during the period.

Debit 53 Rent Expense $5,800

Credit 14 Prepaid Rent $5,800

To record expired rent.

Debit 57 Depreciation Expense $8,750

Credit 17 Accumulated Depreciation-Equipment $8,750

To record depreciation expense for the year.

Debit 41 Fees Earned $2,100

Credit 22 Unearned Fees $2,100

To record unearned fees.

Debit 54 Wages Expense $4,900

Credit 23 Wages Payable $4,900

To record accrued wages.

2. The effect on the income statement if the adjustments for unbilled fees and accrued wages were omitted at the end of the year:

Income will be understated by $10,250.

Income will be overstated by $4,900.

3. The effect on the income statement if the adjustments for unbilled fees and accrued wages were omitted at the end of the year:

Income will be understated by $10,250.

Income will be overstated by $4,900.

4. The effect on the "Net increase or decrease in cash" on the statement of cash flows if the adjustments for unbilled fees and accrued wages were omitted at the end of the year:

a. Net increase in cash will be less by $4,900 (if the indirect method is used).

b. Net decrease in cash will be more by $10,250 (if the indirect method is used).

Explanation:

a) Data and Calculations:

Unadjusted account balances at July 31:

Debits Credits

Accounts Receivable $ 79,500

Prepaid Rent 9,300

Supplies 3,180

Equipment 342,700

Accumulated Depreciation—Equipment $102,700

Wages Payable –Unearned Fees 14,100

Fees Earned 670,200

Wages Expense 329,600

Rent Expense –

Depreciation Expense –

Supplies Expense –

Analysis of Adjustments:

12 Accounts Receivable $10,250 41 Fees Earned $10,250

55 Supplies Expense $930 13 Supplies $2,250

53 Rent Expense $5,800 14 Prepaid Rent $5,800

57 Depreciation Expense $8,750 17 Accumulated Depreciation-Equipment $8,750

41 Fees Earned $2,100 22 Unearned Fees $2,100

54 Wages Expense $4,900 23 Wages Payable $4,900

CHART OF ACCOUNTS

Atlantic Coast Realty

General Ledger

ASSETS

11 Cash

12 Accounts Receivable

13 Supplies

14 Prepaid Rent

15 Land

16 Equipment

17 Accumulated Depreciation-Equipment

LIABILITIES

21 Accounts Payable

22 Unearned Fees

23 Wages Payable

24 Taxes Payable

EQUITY

31 Owner’s Equity

32 Withdrawals

REVENUE

41 Fees Earned

42 Rent Revenue

EXPENSES

51 Advertising Expense

52 Insurance Expense

53 Rent Expense

54 Wages Expense

55 Supplies Expense

56 Utilities Expense

57 Depreciation Expense

59 Miscellaneous Expense

3 0

3 years ago

The smoothing constant chosen in simple exponential smoothing determines the weight to be placed on different terms of time-seri

jonny [76]

Answer:

The smoothing factor is close to 1, the values of the time series are more heavily weighted that the values in the distant past. When the value of the smoothing factor is close to zero, the values of the time series are more evenly weighted with the values in the recent past values.

Calculate the weight applied to the observations four periods ago as shown below:

F₁ +1 = (1- a)F₁ + a(A₁) = (1 -0.3)F₁ + 0.3(4) = (0 .7) F₁+ (0.3) (A₁)

F₄ = (0.7) F₁ + (0.3) A₁

Here, F₁ = Forecasted demand of t period A₁ = Actual demand

Explanation:

4 0

3 years ago

ABC stock is currently trading at an all-time high price of $150 per share. Your client contacts you about the stock, stating th

UkoKoshka [18]

Answer:

Buy ABC Puts

Explanation:

Based on the information provided within the question it can be said that the best recommendation to the client is to Buy ABC Puts. This is mainly due to the fact that the client specifically stated that he does not want to lose more than this investment. Therefore Puts are the best option since they are purchased as a speculation on a market price decline, and the customer can only lose the premium paid if the market does the opposite and ends up rising. While other options like shorting or selling can lead to unlimited loss potential.

7 0

3 years ago

If an employee is seeking redress under the eeo compliant process, within how many calendar days must he or she contact an eeo c

Maksim231197 [3]

People often make different kinds of complaints. It takes 90 days before a person can redress an EEO complaint.

<h3>Why the redress of an EEO complaint</h3>

The agency is known to issue a final decision on the individual claim for relief in the time of about 90 days of filing. Here, the decision can be appealed to EEOC's OFO.

An aggrieved individual or DOL employee will have to contact and EEO Counselor within 45 calendar days of any kind of discriminatory action of the effective date of said action.

Learn more about EEO complaint from

brainly.com/question/10099890

4 0

3 years ago

US Apparel (USA) manufactures plain white and solid-colored T-shirts. Budgeted inputs include the following

Artemon [7]

Answer:

A) USA will not be better off switching to the new dye since the cost is greater than the Fine

B) $118076

C) The reduction in material/fabric cost can be achieved by the reduction in material wastage and in the use of quality materials

while the reduction in labor cost can be achieved by Hiring well trained employees with the necessary skillset

Explanation:

<u>A) Determine If the USA be better off using the new dye </u>

Units of clothes to be dyed = 50,000

Difference in cost = [ 4 ( 1.25 - 0.5 ) ] = 4 * 0.75 = $3

Total cost of using the new dye = 50000 * $3 = $150,000

Fine = $130,000

hence USA will not be better off switching to the new dye since the cost is greater than the Fine

<u>B) Determine by how much overall cost will be reduced at the end of 12 months using Kaizen costing </u>

<em>condition : reduce fabric and labor cost by 1%</em>

Original Monthly Costs without the use of Kaizen Costing =( Total Units/Number of Months)*(Fabric Cost per Unit + Labor Cost per Unit)*Number of Months

= [( 10000 + 50000 )/12 ) * ( 6 + 4 ) ] *12

= [ 5000 * 10 ] *12 = $600,000

Applying kaizen costing

Given: Fabric cost per unit = $6 , Labor cost per unit = $4

Total units of production = 10000 + 50000 = 60,000

Kaizen costing formula per month = [ (cost per unit * total units / 12 ) - ( 1% of cost per unit * total units / 12) ]

Total annual cost using Kaizen costing = $56807.61

difference in cost = $600,000 - $568076 = $31924

with the new dye and Kaizen costing the overall cost will be change by $118076 i.e. ($150,000 - $31924) = <em>$118076 </em>

C ) The reduction in material/fabric cost can be achieved by the reduction in material wastage and in the use of quality materials

while the reduction in labor cost can be achieved by Hiring well trained employees with the necessary skillset

5 0

3 years ago