Gravel company reported net income of $4,500,000 in 2021. the weighted average number of common shares outstanding during 2021 was 200,000 shares. gravel paid $250,000 in dividends on preferred stock, which was convertible into 40,000 shares of common stock.How much is basic earnings per share for 2021?a. $21.25b. $22.50c. $18.75d. $17.71

in practice, raw materials, work in process and the finished goods are frequently combined and reported as single amount called inventory on balance sheet.

Financial accounting summarizes an organization's financial balances on a balance sheet, regardless of the sort of entity it is—a sole proprietorship, business partnership, corporation, limited liability company, or another type of institution like the government or a not-for-profit. Ownership equity, liabilities, and assets are reported as of a particular date, like the end of the company's fiscal year. The left side of a balance sheet for a firm is typically taken up by assets, while the right side, which is the finance, is broken down into obligations and ownership equity. Assets are followed by obligations. As stated inside the accounting equation, net worth must equal known as asset liabilities. The capital of a corporation is sometimes known as equity, net assets, or net worth.

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The transactions sold merchandise on account to Jim Dobbs, $9,600, the cost of goods sold is $6,400 are journalised below.

The term "accounts receivable," also regarded as "AR" or "A/R," refers to legally enforceable claims for payment that are held by a business for goods or services that have been given upon request from customers but have not yet been paid for. They typically take the form of invoices that companies produce and send to clients for payment within set time constraints. Accounts receivable is a balance sheet item that represents an asset.It is one of several accounting transactions that deal with charging a customer for the goods and services they have requested. These can be differentiated from notes receivable, which are debts made through formal legal documents called promissory notes.

To solve the question :

Date                          Particulars                         Debit           Credit

April 1               Account receivable-

                                Jim Dobbs A/c Dr.               $9,600  

                                     To Sales A/c                                              $9,600

        (To record sale of merchandise

                on account to Jim Dobbs)    

April 1       Cost of goods sold A/c Dr.               $6,400  

              To Merchandise Inventory A/c                           $6,400

              (To record cost of goods sold)    

June 10 Cash A/c Dr.

              (1/3 of Inventory sold = 1/3 × $9,600)       $3,200  

          Allowance for doubtful

                accounts (Bad debts) A/c Dr.

                ($9,600 - $3,200)                                       $6,400  

                     To Account Receivable

                           Jim Dobbs A/c                                                    $9,600

          (To record Received payment

                for 1/3 of the receivable

                and wrote off the remainder )    

Oct. 11 Account Receivable- Jim Dobbs A/c Dr.    $6,400  

          To Allowance for doubtful accounts A/c                    $6,400

           (To record the reinstating

                     Account of Jim Dobbs)    

Oct. 11 Cash A/c Dr.                                                $6,400  

          To Account Receivable - Jim Dobbs A/c                    $6,400

      (To record cash collection in full payment )

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If Mona honors Nat's payment on the note. Mona may demand payment on the note from Jake, Kim, or Lou after giving prompt notice to the appropriate persons.

A promissory note, also known as a note payable, is a legal document in which one party—the maker or issuer—promises in writing to pay another—the payee—a specific amount of money under particular terms and conditions, either at a specific future time or upon demand of the payee.

Since Jake, a maker and payer, is stated in the question, he would likely pay Kim before endorsing Lou.

In this case, the Mona should obtain money from the aforementioned three parties.

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Option (c), Due to better targeting options and the ability to identify the times and locations where consumers make decisions, advertisers are increasing their spending on digital, social, and mobile media.

Targeting is important in marketing because it is a part of a full strategy. In addition to advertising, other factors that are affected include customer experience, branding, and corporate operations. If your company concentrates on target market segmentation, it can take the following steps: Address a particular group of people with your speech.

Digital media may reach a large audience across a large geographic area, which is just one advantage of using them for marketing and advertising. Digital media's low creation costs are its second advantage for use in marketing and advertising.

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CRTICAL PATH: ACTIVITIES HAVING ZERO FLOATS

CRITICAL PATH: A-B-C-E-G

Activity: A project consists of a number of operations, and it is said to be finished when all of these operations have been finished. A task is really performed as part of activity. This uses resources, including time, people, money, space, and other things.

Event: It is when a task begins or ends. In other terms, an event is a moment in time at which an activity or series of events commences or terminates. Neither time nor resources are used in this.

NETWORK:

                    T            ES EF=ES+T   LS=LF-T      LF              F=LS-  

                                                                                                          ES=LF-EF

Activity      Time Earliest   Earliest      Latest           Latest          Float  

                                 Start       Finish            Start              Finish

A                  6       0       6               0               6         0

B                  5       0       5                0                5          0

C                  3       6        9                6                 9          0

D                  2       6        8                10                12          4

E                  4       5        9                  5                  9          0

F                  6       5        11                  6                 12           1

G                    10       9        19                   9                  19          0

H                    7      11        18                  12                   19           1

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In the long run, with free entry and exit, the price in the market is equal to both a firm's marginal cost and its average total cost.

Hence, Option C is correct.

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Explanation:

An argument is a series of statements or reasoning used to support a particular point or conclusion. There are two types of argument: deductive and inductive.

Deductive arguments are arguments that start with a general principle or statement, and use logic and reasoning to arrive at a specific conclusion. For example, a deductive argument might start with the premise that "all men are mortal," and use this principle to conclude that "Socrates is mortal."

Inductive arguments are arguments that start with specific observations or evidence, and use this evidence to arrive at a general principle or conclusion. For example, an inductive argument might start with the observation that "all the birds I have seen are brown," and use this evidence to conclude that "all birds are brown."

Here are some examples of both types of argument:

Deductive argument:

Premise 1: All men are mortal.

Premise 2: Socrates is a man.

Conclusion: Therefore, Socrates is mortal.

Inductive argument:

Premise 1: All the birds I have seen are brown.

Conclusion: Therefore, all birds are brown.

Carrie is considering several different universities because university is an example of a heterogeneous shopping product, and Carrie is having difficulty comparing.

Generally speaking, the term "heterogeneous" refers to a mixture of distinct, separate pieces or elements. When referring to a combination of two or more different substances or the same material in several phases of matter, the word is used in a more precise manner in the context of chemistry (such as ice and liquid water).

A structure that appears irregular or variegated and has different parts or elements is said to be heterogeneous. On a CT scan, a dermoid cyst, for instance, exhibits heterogeneous attenuation. It is the opposite of homogenous, which is a structure made up of comparable elements. A structure with an alien origin is referred to as heterogenous.

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Barriers' primary objective is to ease the flow of commerce.

The bulk of trade barriers function in a similar manner: they add some sort of cost (money, time, bureaucracy, quota) to trade, which raises the price or supply of the traded products. When two or more nations regularly erect trade obstacles against one another, a trade war results.

Trade restrictions are frequently put in place to safeguard domestic businesses and workers. This practice is known as protectionism. For instance, tariffs, quotas, and embargoes increase the cost and decrease the supply of foreign goods.

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Benefit committee decided to limit the number of participants who can receive a lump sum pension plan because this would reduce the people taking earlier retirements.

Retirement is the condition after which the person is sought to leave all the jobs or cease their working conditions as they are assumed to be old and physically consumed enough for the job. Generally the age of 60 years is considered as retirement age in many countries, though there are no hard and fast rule. Benefits at retirement helps the elderly people to sustain their living normally. If people continue early retirement then there will be lack of lump sum money which could be paid to the pensioners and this may create condition of chaos and stress among the pensioners. Hence the committee decided to reduce the participants who can receive lump sum pension.

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Explanation:

Below are a few reason why customer service become a problem

1.Long Wait on Hold.

2.Unavailable or Out of Stock Product.

3.Making Customers Repeat Their Problem.

4.Uninterested Service Rep.

5.Poor Product or Service.

6.No First Call Resolution.

7.Lack of Follow Up.

8.New Product or Feature Request.

hope this helps

The best option for Oscar is Option A: Buy a replacement boat for his fishing business within 2 years for at least $450,000 and use it to catch fish for his fishing business.

This is because in order to qualify for a casualty loss deduction, Oscar must replace the damaged property with "like-kind" property. In this case, he must purchase a boat for fishing purposes within two years of the casualty loss.

If he does so, he will be able to deduct the difference between the adjusted basis ($300,000) and the insurance proceeds ($450,000) against his income. If he does not replace the boat, he will not be able to qualify for the casualty loss deduction.

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gene is regulated using an average cost pricing rule, the price he is allowed to charge to wash 100 cars is group

The common fee pricing rule is a standardized pricing strategy that regulators impose on sure corporations to restrict what those organizations are capable to charge their consumers for its merchandise or services to a price equal to the prices quintessential to create the product or service.

The criticism of ACP is that the natural monopoly is held at zero economic profit significantly, and the company is not allowed to limit or expand its price above the market stage price. Therefore, the association will operate on the fee and purposefully make bigger the cost.

This pricing rule is every so often used with the aid of the authorities or regulators to mandate a monopoly to charge expenses equal to the common fee of production.

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Debit to Raw Materials Inventory and Credit to Accounts Payable are included in the journal entry to purchase materials on credit for production use. In order to document a business transaction in the accounting records of the company, a journal entry is employed.

The general ledger often contains a diary entry. As an alternative, it might be entered into a subsidiary ledger, summarised, and then rolled forward into the main ledger. After then, the general ledger is utilised to produce the company's financial statements. The idea behind a journal entry is to use double entry accounting, which involves recording every company transaction at least twice. For instance, when you make a cash sale, the revenue account and the cash account are both increased. Alternatively, if you purchase items on credit, this raises both the accounts payable and inventory accounts.

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The Correct option is D. your favorite sporting goods store puts all of its water skiing equipment in a clearance sale right after labor day. this scale indicates the store manager is using: zone pricing.

A pricing approach in which all clients inside a described sector or area are charged an equal price; greater remote clients pay a higher price than those closer to the business enterprise's despatch point. additionally known as a couple of region Pricing. suppliers frequently promote equal brands of fuel to outlets at extraordinary charges. The charge is based on the “fee area” in which the retailer is located.

A quarter fee is a type of freight fee based on the number of geographic regions that shipping has to skip to attain its final destination. The more zones a shipper desires to bypass between its starting point and its vacation spot, the gradually better the freight charge will be. zone pricing lets retailers phase their product services into customized "charge zones"—rather than geographic obstacles—with the purpose to take local customers' possibilities, phase behavior, and price sensitivities into consideration.

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Complete Question:

your favorite sporting goods store puts all of its water skiing equipment in a clearance sale right after labor day. this scale indicates the store manager is using: ____.

A. seasonal discount

B. promotional allowance

C. quantity discount

D. zone pricing

Answer:

Challenges:

1) Lack Of Better Internet Service

2)Lack of Idea about Mobile Banking

3)Lack of technology

4)Lack Of Infrastructure

Additionally, there is a chance for malware and virus attacks, which could provide outsiders access to someone's personal information such usernames and passwords. Additionally, using SMS for mobile banking carries some risk.

Malware is any software that is purposefully created to disrupt a computer, server, client, or computer network, leak confidential information, obtain unauthorized access to data or systems, prevent access to data, or inadvertently compromise a user's privacy and security online.

Contrarily, software that harms users due to a flaw is commonly referred to as a software bug. There are many different kinds of malware, including Trojan horses, worms, ransomware, spyware, adware, rogue software, wiper, and scareware.

Depending on the type of malware, different defense strategies are employed, but for the most part, infected systems can be isolated, antivirus software is installed, firewalls are activated, patches are applied on a regular basis to lessen zero-day attacks, networks are protected from intrusion, and regular backups are made.

In order to avoid being discovered by antivirus software, malware is increasingly being developed. Malware can occasionally be deployed against corporate or governmental websites to gather sensitive data or generally impede their operation.

However, malware can be used against people to obtain information like passwords, bank or credit card numbers, or personal identity numbers or details.

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This assertion is accurate. Some businesses sell products that might not live up to the standards of the home country in terms of benefit or quality when laws in the host country are less strict than those there.

A country's definition of ethical business conduct may not be the same as another's. Corruption, labor laws, human rights, environmental regulations, and multinational firms' moral responsibilities are the most pervasive ethical issues in a global economic framework.

Ethical relativism refers to the perspective that morality is reliant on cultural norms. To put it another way, an action is either good or evil depending on the moral norms of the society in which it is practiced. In one group, a certain action might be morally right, but it might be unethical.

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Adjusting journal entries are those made by accountants at the end of the fiscal year to close the temporary accounts and transfer the remaining balances to the permanent accounts.

Adjusting journal entries is required to accurately reflect a company's true financial position. They are used to adjust the balances of specific accounts prior to the preparation of financial statements.

Adjusting journal entries is also used to update accounts for unpaid expenses or revenue that has not yet been recorded. For example, if a company has unpaid expenses from the previous period, the expense would be recorded using an adjusting journal entry.

To correct this account, the following entries need to be made:

1. Record amortization of patent:

Date Particulars Debit Credit

June 30 Amortization expense $7,248 Patent $7,248

2. Record payment of rent:

Date Particulars Debit Credit

June 30 Cash $85,400 Rent expense $85,400

3. Record premium on common stock:

Date Particulars Debit Credit

June 30 Common stock $232,000 Paid-in capital in excess of par $232,000

4. Record amortization of bond discount:

Date Particulars Debit Credit

June 30 Amortization expense $8,880 Bond discount $8,880

5. Record promotional expenses:

Date Particulars Debit Credit

June 30 Promotional expense $216,800 Cash $216,800

6. Record operating losses:

Date Particulars Debit Credit

June 30 Operating loss $247,500 Retained earnings $247,500

After making all the entries, the account should now show the following balances:

Date Particulars Debit Credit Balance

June 30 Patent $7,248 $1,417,228

June 30 Rent expense $85,400 $1,331,828

June 30 Common stock $232,000 $1,099,828

June 30 Bond discount $8,880 $1,091,948

June 30 Promotional expense $216,800 $875,148

June 30 Operating loss $247,500 $627,648

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The alternatives must first be added before we can respond to this question.

1. The court determined that the woman did not receive the benefit of her deal because the buyer paid her $50,000 more for the house than the buyer had paid the builder.

2. The court determined that the builder had agreed to foot the bill for the repair by yelling at the woman to "get it fixed."

C. The court determined that the builder's warranty deed to the buyer had a covenant of further assurances that had been broken by the foundational flaws.

3. The court determined that a future buyer might enforce an implied assurance of habitability made by the builder to the buyer.

What Is the Frauds Statute? According to a legal principle known as the statute of frauds, certain kinds of transactions must be in writing. The sale of land, agreements involving products valued at more than $500, and contracts lasting a year or more are some of the transactions that are most frequently subject to the statute of frauds.

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D. The most appropriate strategy for an options investor wishing to follow a market-neutral strategy would be a debit put spread.

A debit put spread involves buying a put option and simultaneously selling another put option with the same expiration date, but with a lower strike price. This strategy is market-neutral because it allows the investor to benefit from a decline in the underlying asset's price while limiting losses if the price increases.

The investor can also benefit from time decay as the option contracts lose value over time. By selling a lower strike put option, the investor will also receive a premium, which offsets the cost of the higher strike put option. This strategy is best suited for investors who are looking for limited downside risk and a market-neutral approach.

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A Theory X manager would assume his or her workers are lazy employees who can't be trusted . Thus correct option(4).

Douglas McGregor developed the theories known as Theory X and Theory Y in 1960. These theories propose two aspects of human behavior at work, or, to put it another way, two opposing perspectives on people (employees): one is negative and is known as Theory X, and the other is positive and is known as Theory Y.

According to Theory X, individuals despise their jobs, lack motivation, and are hesitant to accept accountability. This presumption leads managers to drive their workforce using a rigorous "carrot and stick" strategy that rewards superior performance and penalizes subpar performance.

A management is more likely to believe that prompts, rewards, and penalties are the only ways to get a worker to focus if they consider that the worker doesn't enjoy their work and isn't naturally driven. To complete the task, they make use of their authority.

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Based on the responses received the ratios with the highest significance rating are the current ratio and account receivable turnover in days.

What is account receivable turnover ratio?

By analysing how long it takes to collect the outstanding debt over the course of the accounting period, the accounts receivable turnover ratio, also known as receivables turnover, is used in business accounting to quantify how well businesses are managing the credit that they extend to their customers.

What is a good turnover ratio for accounts receivable?

Companies should aim for a ratio of at least 1.0 to ensure they collect the full amount of average accounts receivable at least once during a period. In general, a higher accounts receivable turnover ratio is advantageous.

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D. The market price for DVDs may be more than, less than, or equal to the marginal cost to society of producing DVDs.

This is because the market price of a DVD does not take into account the externalities associated with its production, such as the cost of emitting sulfur dioxide. The marginal cost to society of producing a DVD takes into account the externalities, including the cost of air pollution.

If the cost of air pollution is higher than the market price of the DVD, then the marginal cost to society of producing the DVD will be higher than the market price. Conversely, if the cost of air pollution is lower than the market price of the DVD, then the marginal cost to society of producing the DVD will be lower than the market price.

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The allowed QBI deduction for Janice's sole proprietorship generated $175,000 in qualified business income this year, and she had taxable income of $150,000 before any QBI deductions. The allowed QBI deduction for Janice is the issue has been fixed.

Deduction for qualified business income For tax years starting after December 31, 2017, many proprietors of sole proprietorships, partnerships, S corporations, and some trusts and estates may be qualifying for a qualified business income (QBI) deduction, often known as Section 199A.

For tax years beginning after December 31, 2017, but before January 1, 2026, the Tax Cuts and Job Act of 2017 (TCJA) added a new 20% deduction for sole proprietors and owners of pass-through entities known as the Qualified Business Income (QBI) deduction under IRC Section 199A.

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Readers working in specific industries are the target audience for professional magazines, often known as trade magazines or business-to-business journals.

Consumer magazines can also be categorized according to how they are distributed, whether that is through subscription, circulation, shop distribution, or a combination of these. They can also be divided into categories based on frequency; the most popular categories are weekly, monthly, and bimonthly.

Consumer magazines, trade magazines, and organization publications are the three different categories of magazines. There are a range of well-liked subcategories and genres for each kind of magazine.

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The information in the table indicates that the following statements about long-term returns to scale are true.

The two basic components of economic production are labor and capital. Labor refers to the individuals needed to produce a good or service, as well as their mental labor. Contrarily, capital describes the man-made machinery, technology, or apparatus used in the manufacture of a good or service. The amount of labor required to perform an activity, such as the number of man-hours needed to build a bed, is the total amount of work. A firm can employ capital, which is money, to boost production and, consequently, sales. In order to successfully produce, labor needs tools with which to work as well as housing, equipment, and other productive tools. All of these need capital, which is a tally of earlier earnings.

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The solution is Option D.

Opportunity cost is the financial gain lost as a result of choosing a different path. The opportunity cost in this instance is represented by the cost of the lunch that Alex brought.

When you choose between two or more possibilities, you incur an opportunity cost, which is the cost of what you lose. Regardless of what you stand to lose by choosing, you believe that the decision will benefit you more in the long run. Your investing decisions will always result in immediate and long-term losses or gains, according to the concept of opportunity cost.

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Exchange charge risk refers to the risk that a company's operations and profitability may additionally be affected by means of modifications in the trade fees between currencies.

Companies are uncovered to three sorts of risk precipitated by means of currency volatility: transaction exposure, translation exposure, and financial or operating exposure.

The three types of overseas exchange hazard include transaction risk, monetary risk, and translation risk. Foreign alternate threat is a most important chance to consider for exporters/importers and corporations that change in international markets.

One of the dangers related with foreign alternate is the uncertainty of future trade rates. The relative values of the two currencies ought to alternate between the time the deal is concluded and the time charge is received.

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Option 10% is the correct answer. Using a 360-day year as an example, the revenues from discounting a $48,494 90-day note at a bank were $47,767. bank utilised a 10% discount rate in calculating the proceeds.

A discount is a reduction in the monetary amount or percentage of a product or service's typical selling price. For example, a $10 discount off the list price of a product may be provided, or a 10% reduction off the list price. A sales discount is a lower price that a company offers on a product or service. Learn how to integrate invoice discounts. A sales discount, sometimes known as a 'discount,' offers clients of a business a lower price on one or more of the items or services on offer. The selling price of the goods is reduced as a consequence of the discount, making it more appealing to the buyer.

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