ZK
Zybrea Knight
Answers (8)
ZK
Answered
A ________ lets you search the Internet by asking questions in normal,everyday English.
A) code snippet
B) metro-search engine
C) colloquial paradigm
D) natural language search
E) metasearch
A) code snippet
B) metro-search engine
C) colloquial paradigm
D) natural language search
E) metasearch
On Aug 03, 2024
D
ZK
Answered
Where total utility is at a maximum, marginal utility is
A) negative.
B) positive and increasing.
C) zero.
D) positive but decreasing.
A) negative.
B) positive and increasing.
C) zero.
D) positive but decreasing.
On Aug 02, 2024
C
ZK
Answered
In addition to wages,salaries,and property income,some people receive income from __________________.
On Jul 04, 2024
government transfer programs
ZK
Answered
Several months ago, Jones Company experienced a spill of hazardous materials into the White River from one of its plants. As a result, the Environmental Protection Agency (EPA) fined the company $405,000. The company contested the fine. In addition, an employee is seeking $180,000 damages related to the spill. Finally, a homeowner has sued the company for $260,000. Although the homeowner lives 30 miles downstream from the plant, he believes that the spill has reduced his home's resale value by $260,000.Jones' legal counsel believes the following will happen in relationship to these incidents:
(a)It is probable that the EPA fine will stand.(b)An out-of court-settlement for $165,000 has recently been reached with the employee, with the final papers to be signed next week.(c)Counsel believes that the homeowner's case is weak and will be decided in favor of Jones Company.(d)Other litigation related to the spill is possible, but the damage amounts are uncertain.
(1)Based on this information, journalize the contingent liabilities associated with the spill. Use the account "Damage Awards and Fines" to recognize the expense for the period.(2)Prepare any note disclosure related to the spill.
(a)It is probable that the EPA fine will stand.(b)An out-of court-settlement for $165,000 has recently been reached with the employee, with the final papers to be signed next week.(c)Counsel believes that the homeowner's case is weak and will be decided in favor of Jones Company.(d)Other litigation related to the spill is possible, but the damage amounts are uncertain.
(1)Based on this information, journalize the contingent liabilities associated with the spill. Use the account "Damage Awards and Fines" to recognize the expense for the period.(2)Prepare any note disclosure related to the spill.
On Jul 03, 2024
(1)Damage Awards and Fines
570,000
EPA Fines Payable
405,000
Litigation Claims Payable
165,000
Note: The "damage awards and fines" would be disclosed on the income statement under "Other expenses."
(2)The company experienced a hazardous materials spill at one of its plants during the previous period. This spill has resulted in a number of lawsuits to which the company is a party. The Environmental Protection Agency (EPA) has fined the company $405,000, which the company is contesting in court. Although the company does not admit fault, legal counsel believes that the fine payment is probable. In addition, an employee has sued the company. A $165,000 out-of-court settlement has been reached with the employee. The EPA fine and out-of-court settlement have been recognized as an expense for the period. There is one other outstanding lawsuit related to this incident. Counsel does not believe that the lawsuit has merit. Other lawsuits and unknown liabilities may arise from this incident.
570,000
EPA Fines Payable
405,000
Litigation Claims Payable
165,000
Note: The "damage awards and fines" would be disclosed on the income statement under "Other expenses."
(2)The company experienced a hazardous materials spill at one of its plants during the previous period. This spill has resulted in a number of lawsuits to which the company is a party. The Environmental Protection Agency (EPA) has fined the company $405,000, which the company is contesting in court. Although the company does not admit fault, legal counsel believes that the fine payment is probable. In addition, an employee has sued the company. A $165,000 out-of-court settlement has been reached with the employee. The EPA fine and out-of-court settlement have been recognized as an expense for the period. There is one other outstanding lawsuit related to this incident. Counsel does not believe that the lawsuit has merit. Other lawsuits and unknown liabilities may arise from this incident.
ZK
Answered
Andrew's net income was $280,000; its total assets were $1,050,000; and its net sales were $3,500,000.Calculate the company's profit margin ratio.
On Jun 04, 2024
Profit Margin Ratio = Net Income/Net Sales
$280,000/$3,500,000 = 8.0%
$280,000/$3,500,000 = 8.0%
ZK
Answered
If the CPI is 85,by what percent did prices decline since the base year?
On Jun 03, 2024
15 percent
ZK
Answered
At a sales volume of 40,000 units, Lonnie Company's total fixed costs are $40,000 and total variable costs are $60,000. The relevant range is 30,000 to 50,000 units.If Lonnie were to sell 50,000 units, the total expected cost per unit would be: (Round intermediate calculations to 2 decimal places.)
A) $2.20
B) $2.30
C) $2.50
D) $2.00
A) $2.20
B) $2.30
C) $2.50
D) $2.00
On May 05, 2024
B
ZK
Answered
The contribution margin ratio is the percent of each sales dollar that remains after deducting the unit variable cost.
On May 04, 2024
True