a check drawn by a company in payment of a voucher for $635 was recorded in the journal as $365. what entry is required in the company's accounts

Lucy's future value after computing based on the information provided, today will be $6,336.

Here,

$8,000 × .792 (Discount Factor, 4 years, 6%) = $6,336

A resource's future value is its worth at that time or at the moment in future. It determines the nominal future sum of money that is a given amount of money and is "worth" at a given point in the future under the assumption of a specific interest rate, or more generally, rate of return; it is the present value multiplied by the accumulation function.

Future value is important to investors and financial planners because it allows them to estimate how much an investment made today will be worth in the future. The value does not account for adjustments for inflation or other factors that might influence the true value of money in the future. This is used to determine the time value of money.

To learn more about future value: https://brainly.com/question/2549802

#SPJ4

Note that the full question is:

If Lucy earns a 6% after-tax rate of return, $8,000 received in four years is worth how much today? Use Exhibit 3.1. (Round present and future value amounts to 3 places)

$8,000.

$7,544.

$8,989.

$6,336.

Customs union builds upon the elimination of internal tariff barriers, the establishment of common external barriers, and the free flow of factors.

A customs union is an agreement between two or more countries to remove trade barriers and lower or eliminate tariffs. Members of a customs union generally apply a common external tariff on imports from non-member countries. The European Union (EU) is an example of a customs union.

Customs unions are groups of countries that apply one common system of procedures, rules and tariffs for all or almost all their imports, exports and transiting goods.

To know more about custom union
brainly.com/question/29615468
#SPJ4

The answers for the following questions are- 1) The income elasticity of demand for toilet paper is 0.17, 2) The toilet paper is a normal good, 3) The demand for toilet paper is income-inelastic.

Regardless of income, inelastic items often have the same level of demand. Even if your income increases, you'll still only need one gallon of milk or other essential necessities like gasoline each week.

Demand increases more than proportionally to a change in income for luxury goods and services, for instance, an 8% increase in income may result in a 10% increase in demand for restaurant meals. In this case, the demand elasticity of income is 1.25.

To know more about demand visit-

https://brainly.com/question/13334895

#SPJ4

The term that characterizes possessing the ability to read but being unwilling to do so is "reading aversion".

Reading aversion or book aversion is a condition where a person has the ability to read but avoids reading due to various reasons. This can be caused by a lack of interest in reading or a negative experience with reading. It can also be caused by other factors such as difficulty in focusing or visual issues that make reading uncomfortable.

People with reading aversion may avoid reading for pleasure or even necessary reading, such as work-related materials or school assignments. This can lead to challenges in academic or professional settings and limit their personal growth.

However, it's important to note that reading aversion is not a disorder or a sign of low intelligence. People who struggle with reading or choose not to read may have other talents and strengths that are just as valuable. It's also possible to overcome reading aversion with the help of a reading specialist, therapist, or other professionals.

To know more about Reading issues, check out:

https://brainly.com/question/30163337

#SPJ4

These are some examples of hypotheses that would indicate a favorable correlation between the two variables: The likelihood of bigger profits is higher for companies that invest more in research.

In-depth or straightforward questions can be asked during interviews, a typical form of primary market research. When a company phones a current client to inquire about their satisfaction with a product they recently bought, that is an example of an interview in the context of market research.

There are six steps in the marketing research process: the identification of the problem, the development of a solution strategy, 3. The creation of the research plan, 4. Fieldwork or data collecting, 5. Preparation and analysis of the data, and 6. Report creation and presentation.

To Know more about primary market

https://brainly.com/question/13993804

#SPJ1

Unused inventory from the previous year should be taken into account before scheduling a production order, it is true.

Inventory is the merchandise or supplies that a company plans to resell to clients for a profit. Inventory management is the process of tracking inventory from producers to depots and from locations to a point of sale. It is a crucial component of the supply chain.

The education, training, and experiences of present employees are compiled into a skills inventory. These inventories help organizations determine whether their current workforce is capable of achieving their objectives. Strategic planning initiatives are aided by an understanding of the company's present talent pool and skill requirements in the future.

To know more about inventory visit:

https://brainly.com/question/29889929

#SPJ4

Yes, this is an example of contextual or data-based advertising

A sort of financial accounting known as advertising costs includes all costs related to promoting a business, organisation, name, logo, good, or service. They include advertisements in broadcast and radio time, print and web advertisements, and direct mail advertisements. The price of advertising is frequently not a surprise to the business owner. In actuality, a lot of people have budgeted for advertising costs. The U.S. Small Business Administration states that the majority of companies base their marketing expenses on revenues. People are frequently presented with advertising in the form of a quick video, audio file (radio), or text message. The basic goal is to encourage them to buy something or do something else.

To learn more advertising refer here:

https://brainly.com/question/27937825

#SPJ4

The total cost would be the average cost multiplied by the quantity, or $95 * 4000 = $380,000. The new required price can be calculated by using the formula for average cost, which is total cost divided by quantity.

In this case, the average cost is $95, so we can rearrange the formula to find the required price. The formula would be:

We can plug in the values for total cost and quantity to find the required price. The total cost would be the average cost multiplied by the quantity, or $95 * 4000 = $380,000. The quantity is 4000 cases. So the formula would be:

The required price would be $95 per case. This means that the company would need to charge $95 per case in order to break even with the new average cost of $95.

Learn more about average cost at: https://brainly.com/question/29509552

#SPJ11

The sale of surplus equipment by ABC Inc. would most likely be classified as a non-operating or an "other income" transaction in the company's financial statements.

Non-operating income is income earned by a company that is not directly related to its core business operations. In this case, the sale of surplus equipment is not part of ABC Inc.'s core business activities and is therefore considered non-operating income. Other examples of non-operating income include gains on the sale of investments, rental income, and interest income.

Alternatively, the sale of surplus equipment could also be classified as an "other income" transaction, which is a catch-all category for income that is not related to the company's core business operations or investment activities.

Regardless of how it is classified, the income generated from the sale of surplus equipment would be reported on the company's income statement as a separate line item, typically under "non-operating income" or "other income."

To know more about Non- operating income, check out:

https://brainly.com/question/25906113

#SPJ4

Option A. In the given figure, the area equal to the consumer surplus is shown by:

Area A

Consumer surplus is the difference between the maximum price that a consumer is willing to pay for a good or service and the actual price that they pay. In the given figure, the maximum price that consumers are willing to pay for the housing is shown by the demand curve. The rent ceiling is set at $1,000 which is below the equilibrium price of $1,500. Therefore, the quantity of housing demanded exceeds the quantity supplied, which results in a shortage of housing.

Area A represents the consumer surplus in this case, which is the area above the rent ceiling and below the demand curve, up to the quantity supplied. This is the difference between the maximum amount that consumers are willing to pay (as represented by the demand curve) and the actual price that they have to pay (the rent ceiling).

Therefore, the answer is A. Area A.

To learn more about consumer surplus please click on below link.

https://brainly.com/question/15415230

#SPJ4

You should be prepared to pay approximately $632.29 for the 10-year bond with a 6% coupon, semiannual payments, and a semiannually compounded yield of 7.5%.

To calculate the price of a 10-year bond with a 6% coupon, semiannual payments, and a semiannually compounded yield of 7.5%, we can use the following formula:

[tex]P = (C / (1 + (r / n))^(nt)) + (FV / (1 + (r / n))^(nt))[/tex]

Where:

P = price of the bond

C = coupon payment

r = yield (in decimal form)

n = number of compounding periods per year (semiannual = 2)

t = time to maturity (in years)

FV = face value of the bond

Plugging in the values given in the problem, we get:

[tex]P = (30 / (1 + (0.075 / 2))^(210)) + (1000 / (1 + (0.075 / 2))^(210))[/tex]

[tex]P = (30 / 1.075^20) + (1000 / 1.075^20)[/tex]

P = 8.6406 + 623.6463

P = $632.29

Therefore, you should be prepared to pay approximately $632.29 for the 10-year bond with a 6% coupon, semiannual payments, and a semiannually compounded yield of 7.5%.

To learn more about semiannual payments please click on below link.

https://brainly.com/question/3178514

#SPJ4

how much should you be prepared to pay for a 10-year bond with a 6% coupon, semiannual payments, and a semiannually compounded yield of 7.5%?

When the price is raised, a sandwich shop raises the quantity of sandwiches they offer each day. If customers increase their current spending because they anticipate having more money in the future, demand rises, and D shifts right.

Expectations: If suppliers anticipate an increase in prices, they will reduce their quantity supply today and hold onto goods to resell at a higher price later. the volume of a resource, service, or item that customers are prepared and able to sell during a certain time period at a given price. • If a good's demand price increases, more of that good is supplied, all other things being equal.

To learn more about demand, click here.

https://brainly.com/question/28059714

#SPJ4

In a command economy, key elements of economic output are under the supervision and direction of the government (or another central authority).

Government control is the main component of a command economy. The government establishes economic goals and regulates production and pricing instead of letting market forces determine the production of products and services. The state discourages or even outlaws private gains in command economies. Instead, the primary motivation driving company decisions is meeting governmental mandates. The industries that create services and products for the general public are controlled by and subject to the authority of the government.

To know more about command economy visit:

https://brainly.com/question/30281949

#SPJ4

The First Step Douglas should take Douglas ought to attempt calling the businesses.

They gain a reputation for being takers as opposed to givers.

When the sender wants a written record of the communication, when there is less urgency for a response, when they are geographically apart, when they do not need much reaction from the recipient, or when the message is complex and may take some time to understand, written media is a better option.

To Know more about communication

https://brainly.com/question/22558440

#SPJ1

To find the break-even point for the number of luxury boxes, we need to determine the number of boxes that need to be sold to cover the total costs.

Let x be the number of luxury boxes sold.

The total cost function can be written as:

Total Cost = Fixed Cost + Variable Cost

Fixed Cost = $4,760,000

Variable Cost = $140,000 per box

Total Cost = $4,760,000 + $140,000x

The total revenue generated from selling x boxes can be expressed as:

Total Revenue = Price per Box × Number of Boxes

Price per Box = $280,000

Total Revenue = $280,000x

The break-even point is when Total Revenue equals Total Cost:

Total Revenue = Total Cost

280,000x = 4,760,000 + 140,000x

140,000x = 4,760,000

x = 34

Therefore, the break-even point for the number of luxury boxes in the new stadium is 34 boxes. The team will need to sell at least 34 boxes to cover their total costs. If they sell more than 34 boxes, they will make a profit, and if they sell fewer than 34 boxes, they will incur a loss.

learn more about preliminary plans at :

brainly.com/question/10849374

#SPJ4

The responsibility of line management in terms of staffing is A. to make final decisions on entry-level hires and promotions.

Finding, choosing, analysing, and establishing a working rapport with present or potential employees is referred to as staffing. Finding qualified applicants to fill the various positions inside the firm is the major objective of staffing.

A company's staffing management comprises of the procedures, techniques, and plans required to locate, hire, and keep employees. This covers all aspects of finding candidates, hiring talent, integrating new personnel, and keeping staff.

To know more about staffing here

https://brainly.com/question/24910816

#SPJ4

Broche Technologies is engaging in green marketing.

Green marketing focuses on selling products and services based on their environmental benefits. Its features include adopting sustainable business practices, creating eco-friendly products, implementing eco-friendly packaging, communicating the environmental benefits of the product, etc.

Green Marketing by Ken Peattie (1992) in the United Kingdom and Green Marketing: Challenges & Opportunities for the New Marketing Age by Jacquelyn Ottman (1993) in the United States of America.

Green Marketing encourages production of pure products by pure technology, conservation of energy, preservation of environment, minimum use of natural resources, and more use of natural foods instead of processed foods.

To know more about green markiting click here

https://brainly.com/question/14464281

#SPJ4

A car manufacturer makes 20,000 vehicles, but only sells 15,000 of them to car dealers. The remaining 5,000 automobiles fall under the investment expenditure approach category.

Investment expenditures are costs incurred for brand-new capital equipment. The four types of investment include new nonresidential structures, adjustments to inventory, producer's permanent equipment and software, and residential structures. Investment increases the capital stock, and the amount of capital that is accessible to a business is a key factor in determining its productivity. Investment supports economic expansion in this way. spending by the corporate sector on finished products and services, or GDP, particularly the acquisition of useful capital goods. The macroeconomic activity that affects both short-term business cycles and long-term economic growth is heavily influenced by investment spending. The entire amount spent by all businesses on capital goods is referred to as investment expenditure.

To know more about Investment Expenditure Visit:

brainly.com/question/29674682

#SPJ1

Option C. The step of the perception process where consumers interpret information/data based on their own attitudes, beliefs, motives, and experiences is known as: selective comprehension.

Perception is the organization, identification, and interpretation of sensory information/data to represent and understand presented information or environments.

All perceptions involve signals that pass through the nervous system. Signals are brought to the sensory system by physical or chemical stimuli. When looking, light hits the retina of the eye. Odor is mediated by odor molecules. Hearing includes pressure waves.

Perception is shaped not only by the passive reception of these signals, but also by the recipient's learning, memory, expectations and attention.

Sensory input is the process of transforming this low-level information into high-level information (eg shape extraction for object recognition).

The following processes connect a person's concepts and expectations (or knowledge) to recovery and selection mechanisms (such as attention) that influence cognition.

To learn more about perception, here:

https://brainly.com/question/29776172

#SPJ4

Complete question:

The step of the perception process where consumers interpret information based on their own attitudes, beliefs, motives, and experiences is known as:

A. selective attention.

B. selective exposure.

C. selective comprehension.

D. selective retention.

E. selective conditioning.

Real GDP, unemployment, and inflation are the main statistics used by economists to assess the health of the economy.

What are the three measures of a healthy economy?

Once upon a time, the inflation rate, unemployment rate, and growth rate of the gross domestic product were the three main indicators of economic health that could be used to determine the state of the economy.

Why does inflation occur?

The rate of price growth over an extended period of time is known as inflation. The cost of living in a nation has increased, or prices have generally increased.

                               These are examples of broad measures of inflation. As household incomes improve as a result of more jobs and higher earnings and an increase in consumer spending, the potential for price increases by businesses to raise the cost of their goods and services increases.

Learn more about Inflation

brainly.com/question/30112292

#SPJ1

The adjusting entry would tsang company make on december 31, the end of the accounting period would be:

1. Fee Receivable= Debit 14,400

2. Service Fees Earned= 4/6 x 21600

Credit 14,400

Adjusting entries are journal entries that are typically made at the conclusion of an accounting period in order to properly allocate income and expenses to the time periods in which they actually occurred.

Under accrual-basis accounting, the revenue recognition principle serves as the foundation for adjusting entries related to unearned and accrued revenues. Because they are made on balance day, they are occasionally referred to as balance day adjustments.

According to the accrual accounting matching principle, revenues and related costs are recorded during the same accounting period. However, the actual money might be paid or received at a different time.

To learn more about adjusting entries: https://brainly.com/question/13035559

#SPJ4

1. Adverse action has been taken against you based on information on your credit report.

2. You are unemployed and seeking employment.

3. You are receiving public welfare assistance.

If any of the following apply to you, you can receive more reports for free: You were informed that, as a result of your credit report, you had been refused credit, insurance, employment, or that you had encountered another "adverse action".

Each of the three credit reporting agencies must provide you with a free yearly credit report, and this is what you are entitled to on AnnualCreditReport.com. Equifax, Experian, and TransUnion are a few of these organizations. Many individuals are struggling financially as a result of the COVID-19 outbreak.

To know more about free credit report visit:

https://brainly.com/question/23432709

#SPJ4

1,700 lbs is the amount of surplus or shortage at the price per pound of apples was $3lbs.

Surplus is an economic concept that refers to a situation where the quantity of a good or service supplied exceeds the quantity demanded at a given price. In other words, when there is more supply than demand for a particular product, a surplus occurs. A surplus can lead to a decrease in the price of the product, as suppliers try to sell off their excess inventory. It can also result in a decrease in production, as suppliers reduce their shareholders output to avoid further losses. Surpluses can have negative effects on the economy, as they can lead to lower profits for businesses, reduced employment opportunities, and lower overall economic growth. Managing surpluses is an important part of supply chain management and economic policy, as it helps to ensure that supply and demand are balanced in a way that is beneficial for all parties involved.

the complete question is:

The apple industry was used as a supply and demand example in this video. When the price per pound of apples is $3. what is the amount of surplus or shortage?

Select one:

a. Surplus of 1,700 lbs

b. Surplus of 1,000 lbs

c. Shortage of 1,700 lbs.

d. Shortage of 4,000 lbs.

e. Zero. The market is in equilibrium at $3/lbs.

learn more about shareholders here

https://brainly.com/question/30380244

#SPJ4

Tina has to analyze employee performance ratings and turnover by department in order to verify this branch.

The stage of job measurement known as performance rating occurs when the analyst watches the worker's performance and notes a value comparing that performance to the analyst's definition of typical performance.

Performance rating improves employee performance, finds areas for training and education, places workers in positions where they may excel, and upholds equity in compensation, benefits, advancement, hiring, and firing. Most employees are curious about their performance at work. For employees to work efficiently, they require performance feedback. The key to good performance is getting timely, accurate, constructive feedback to an employee. Goal-setting and other motivational techniques rely on frequent performance reviews. Although there are numerous potential sources of mistake when rating performance, they can both be minimised by using behaviorally anchored rating scales and rater training. Such scales are employed in industrial and organisational psychology to precisely identify the behaviours that characterise subpar, mediocre, and excellent performance.

Visit here to learn more about turnover: https://brainly.com/question/25523223

#SPJ4

Segmentation grounds are the traits of customers and organisations that marketers use to categorise a market into segments.

Why is segmentation useful?

You can target a client or prospect more effectively by segmenting your audience based on their particular needs and interests. You can: More precisely identify the consumer categories that are most valuable to you. You may boost the return on your marketing investment by concentrating only on the consumers who are most likely to become your top customers. By determining the goods that are most likely to win over a part of a target market and the best methods for marketing and distributing those goods to that market, market segmentation helps firms lower risk.

Know more about  customers Visit:

https://brainly.com/question/13735743

#SPJ4

The total cost of goods sold (COGS) for the year is computed as the sum of all manufacturing expenses. Manufacturing expenses in this scenario comprise direct materials, direct labor, and manufacturing overhead.

COGS = Cost of Goods Sold + Direct Labor + Manufacturing Overhead COGS = $210,000 + $565,000 + $110,000 COGS = $885,000 As a result, the cost of products sold for the previous year was $885,000. The total cost of goods sold (COGS) for the year is computed as the sum of all manufacturing expenses. Manufacturing expenses in this scenario comprise direct materials, direct labor, and manufacturing overhead. cost of goods sold, sales revenue, income statement jasper company provided the following information for last year: line item description numerical data sales in units 280,000 selling price $12 direct materials 210,000 direct labor 565,000 manufacturing overhead 110,000 selling expense.

learn more about  Cost  here:

https://brainly.com/question/30045916

#SPJ4

Answer: B

Explanation:

B : A lower standard of living

Developing countries are not fully formed yet, which would lead to worse infrastructure ie, lower state of living. United states is a developed country, which means higher state of living.

The Scanlon Plan, the Rucker Plan, Improshare, and bespoke plans are the four different categories of gainsharing schemes.

The only differences between the programmes are how the bonus is determined and how much staff engagement is needed to support the scheme. The Scanlon Plan is the most traditional and often utilised kind of gainsharing plan.Gainsharing, also known as Gain sharing, Gainshare, and Gain share, is a method of management in which a company strives to achieve greater levels of performance by involving and involving its employees. Employees benefit financially when performance rises. Straight commissions, bonuses, prizes, "spiffs," rewards, and recognition are a few examples of different incentive structures. Plans for incentive compensation must be in line with business objectives, but maintaining this alignment can be challenging.

To learn more about gainsharing click on the link below:

brainly.com/question/12404457

#SPJ4