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AfilCa
12 days ago
8

Noreen is extremely happy to be working at QBiz. They are a socially conscious, community-focused company. Noreen knows that her

goals align with those of her manager, team, and employer. Noreen has ________ in relation to her company.
Business
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Your friend Amanda suffers from a condition that reduces her blood's ability to carry oxygen. Which of the following is the name
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D. anemia

Anemia is a condition characterized by an insufficient amount of healthy red blood cells to transport adequate oxygen throughout the body's tissues.

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Draw a graph which depicts long run equilibrium of transnet
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Although I can't create a graph in this dialog box, I will describe the long-run equilibrium for Transnet. In economics, long-run equilibrium is concerned with the timeframe during which resources are still obtainable, as well as the associated costs and production volumes. 
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3 months ago
On March 1 a commodity's spot price is $60 and its August futures price is $59. On July 1 the spot price is $64 and the August f
Katen [3525]

Answer:

The answer is $59.50.

Explanation:

The calculations based on the scenario are as follows:

Profit on futures price = After futures price - before futures price

$63.50 - $59

= $4.50

Thus, the effective price that the company pays can be calculated using this formula:

Effective price paid = Spot price in July - Gain on futures price

= $64 - $4.50

= $59.50

6 0
2 months ago
Gus takes his $15 in lemonade stand earnings and deposits it into his savings account. Meanwhile, Gus’s dad borrows $20,000 to b
harina [3808]
liability, asset. Liabilities represent future obligations that a business must fulfill, expressed in monetary terms. They are categorized based on their due periods into current and long-term liabilities, such as payments owed to a supplier or a loan repayment. On the other hand, assets indicate something that provides future economic advantages. Assets can take various forms, including tangible fixed assets, movable assets, or intangible assets like Goodwill. In this context, regarding a bank's standpoint, the acceptance of deposits by the bank is considered a liability because it needs to pay these deposits when the customer requests them. Conversely, the loans given by the bank are viewed as assets, as the bank is expected to receive these amounts back along with interest in the future.
8 0
1 month ago
Natsu Company’s annual accounting period ends on October 31, 2017. The following information concerns the adjusting entries that
Mariulka [3825]

Response:

Natsu Company

1. Journal Adjustments as of October 31:

a. Expense for Supplies $54,370

   Inventory for Supplies $54,370

This entry records the expenses incurred for supplies throughout the period.

b. Expense for Insurance $4,730

   Prepaid Insurance $4,730

This entry captures the insurance expenses for the period in question.

c. Wages Expense $5,000

  Wages Payable $5,000

This entry is to acknowledge the wages that have not been paid for the period.

d. Depreciation on Building $5,400

   Accumulated Depreciation $5,400

This reflects depreciation expense for the current year.

e. Rent Receivable $1,000

   Rent Revenue $1,000

This entry documents the revenue from rent for the month.

f. Unearned Rent $1,450

  Rent Revenue $1,450

This entry is for recognizing rent revenue for two months.

2. General Journal Entries for cash transactions in November 2017 relating to c and e:

c:

Date General Journal                         Debit      Credit

Nov. 7      Salaries Payable   $5,000

                Cash Account                            $5,000

This reflects the disbursement of wages for the final week of October.

e:

Date General Journal    Debit      Credit

Nov. 15    Cash Account      $2,000

               Rent Revenue                     $1,000

               Rent Receivable                   1,000

This entry captures the collection of rent for both October and November.

Clarification:

a) Data and Calculations:

1. Supplies

Beginning Balance         $600

Purchases       54,570

Supplies Expense   54,370*

Ending Balance         $800

2. Policy  Purchase Date   Months of         Cost

                                               Coverage        

         A        April 1, 2016              24          $6,000

         B        April 1, 2017               36            7,200

         C        August 1, 2017           12            1,320

3. Insurance Expense for 2017:

Policy A Nov 2016 to October 2017  $3,000 ($6,000 *12/24)

Policy B April 2017 to October 2017 $1,400 ($7,200 * 7/36)

Policy C Aug. 1 2017 to October 2017 $330 ($1,320 * 3/12)

Total Insurance Expense = $4,730

4 0
2 months ago
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