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Mays
BusinessBusiness
For the year ending June 30, Island Clinical Services mistakenly omitted adjusting entries for (1) $1,500 of supplies that were used, (2) unearned revenue of $4,200 that was earned, and (3) insurance of $5,000 that expired. What is the combined effect of these errors on (a) revenues, (b) expenses, and (c) net income for the year ending June 30? Enter all amounts as positive values.
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Jessie Boone
BusinessBusiness
Premier Sports Inc has a beginning PBO balance of $628,000 and a beginning market-related value of plan assets of $560,000. The net actuarial gain at the beginning of the period is $87,500 and the average employee base has a remaining service life of 20 years. What is the required amortization of actuarial gains or losses for the current year?

a. 24,700

b. 1,235

c. 3,140

d. 4,375
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Guest
BusinessBusiness
Which of the following was designed to simplify and standardize the laws affecting businesses involved in interstate trade? the standardized commerce rules statutory law the Uniform Commercial Code common law
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Rylie Huber
BusinessBusiness
Kevin wants to lose 5 pounds of fat. he finds it difficult to cut back on his eating, so he decides that he will walk an hour each day to burn more calories. how many extra calories must he expend to lose a pound of fat?
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Tristan Holder
BusinessBusiness
Bev owns 500 acres of timberland. She grants a nonexclusive easement in gross to Kelly. Kelly later apportions the easement by selling one-half interests to Bill and Gus, both of whom are commercial loggers. Under these facts:

(a) Kelly has the right to apportion her nonexclusive easement.

(b) Bev could intervene and disallow the apportionment since only exclusive easements in gross can be apportioned.

(c) Kelly's right to apportion is legal since Bill and Gus are commercial loggers.

(d) two of the above.
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Mohamed Lozano
BusinessBusiness
Historically, the sales process placed an emphasis on A. identifying and satisfying consumers' wants and needs. B. developing long-term relationships with consumers and corporate partners. C. filling seats through the mass dissemination of free tickets to attract fans. D. emphasized pre-sales training to sales personnel so they were properly trained before dealing with customers.
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Van Knox
BusinessBusiness
For the category "fruit," people give a higher typicality rating to "banana" than to "kiwi." knowing that, we can also reason that when people are asked to list all the fruits they can think of, kiwi will usually appear on their list before banana. neither kiwi nor banana are likely to be "closest" to the prototype of the fruit category. the word "fruit" will lead to a larger priming effect for banana than for kiwi. people will have a similar number of exemplars for kiwi and banana.
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Ariel
BusinessBusiness
Business Aid is funded by a group of wealthy investors for the sole purpose of providing funding for individuals and small firms that are trying to convert their new ideas into viable products. What is this type of funding called?
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Antony Ponce
BusinessBusiness
Which of the following is a primary benefit of entrepreneurial competition?

1. lower taxes

2. larger markets

3. faster innovation

4. better-informed consumers
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Allan Farmer
BusinessBusiness
Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is 3 days, and the pepperoni itself costs $3 per pound ... If she were to order 80 pounds of pepperoni at a time, what would be the length of an order cycle?

A. 4 days

B. 5 days

C. 3 days

D. 0 days

E. 25 days.
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Guest
BusinessBusiness
Ashley transfers property with a tax basis of $5,000 and a fair market value of $3,000 to a corporation in exchange for stock with a fair market value of $2,000 and $500 in cash in a transaction that qualifies for deferral under section 351. the corporation assumed a liability of $500 on the property transferred. what is ashley's tax basis in the stock received in the exchange?
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Timothy Elliott
BusinessBusiness
The so-called "investment model" is a model that seeks to explain why people stay with their long-term relationship partners. This model identifies three key factors, namely a. passion, commitment, and intimacy. b. security, anxiety, and avoidance. c. satisfaction, alternatives, and investments. d. similarity, familiarity, and propinquity.
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Lucia Ponce
BusinessBusiness
Which is an example of a withholding you might see on your pay stub?
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Cheyanne Salazar
BusinessBusiness
Each stock's rate of return in a given year consists of a dividend yield (which might be zero) plus a capital gains yield (which could be positive, negative, or zero). Such returns are calculated for all the stocks in the S&P 500. A weighted average of those returns, using each stock's total market value, is then calculated, and that average return is often used as an indicator of the "return on the market."a. True

b. False
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Madeleine Charles
BusinessBusiness
McBride and Associates employs two professional appraisers, each having a different specialty. Debbie specializes in commercial appraisals and Tara specializes in residential appraisals. The company expects to incur total overhead costs of $378,210 during the year and applies overhead based on annual salary costs. The salaries and billable hours of the two appraisers are estimated to be as follows:Debbie Tara Annual Salary $ 150,000 $ 81,000 Billable Hours 2,000 1,800 The accountant for McBride and Associates is computing the hourly rate that should be used to charge clients for Debbie and Tara's services. The hourly billing rate should be set to cover the total cost of services (salary plus overhead) plus a 20 percent markup. Required: (1) Compute the predetermined overhead rate. (2) Compute the hourly billing rate for Debbie and Tara. (Do not round your intermediate calculations.)
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