The accounts payable ending balance equals a $4,000 balance
What is accounts payable?
Accounts payable is the account that represent the company's suppliers, in effect, its balance indicates the amounts owed to them, in essence, the closing balance is determined by adding new purchases to the beginning accounts while deducting amount paid to suppliers in the period under review.
accounts payable ending balance=beginning accounts payable+purchases-amount paid
beginning accounts payable=$1,000
purchases=$10,000
amount paid=$7,000
accounts payable ending balance=$1,000+$10,000-$7,000
accounts payable ending balance=$4,000
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Attracting, contacting, and evaluating potential employees is easier when recruiting from external sources.
a. true
b. false
The correct option (a) True.
You run the risk of passing up the opportunity to hire individuals with novel abilities and concepts if you just use internal hiring. In light of this, using external recruitment will boost your ability to find qualified and experienced people.
What is Recruitment?Finding, vetting, recruiting, and eventually, onboarding qualified job prospects is the process of recruitment. The hiring process might be very simple, but the initial step—finding potential candidates—can be extremely difficult due to technological advancements, a competitive labor market, and a worker pool that may span five generations.
The hiring manager and other participants in the recruiting process support recruitment, which is an important aspect of human resource (HR) management. A company's bottom line may be significantly impacted by effective recruitment activities that make it stand out and more desirable to prospective employees.
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If+mortgage+rates+rise+from+5%+to+10%+but+the+expected+rate+of+increase+in+housing+prices+rises+from+2%+to+9%,+are+people+more+or+less+likely+to+buy+houses?
People are more likely to buy houses
compute real interest rates (r = i - π) in both periods:
Before r = 5% - 2% = 3%
After r = 10% - 9% = 1%
Because the real interest rate that must be paid has decreased from 3% to 1%, more people are now likely to buy homes. The amount of money that people are paying back may be increasing, but because property prices have increased so quickly, the actual cost of financing homes has decreased. The real interest rate for acquiring a home has decreased from 3% (=5% -2%) to 1% (=10% 9%), which has increased the likelihood that people will do so. Thus, even if mortgage rates have increased, the actual cost of financing a home is reduced. (If tax deductions for interest payments are permitted, then the likelihood that individuals will purchase homes increases.)
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The amount of money that a financial institution is willing to lend the borrower on a particular property is the:__________
The amount of money that a financial institution is willing to lend the borrower on a particular property is the: Interest
What is interest explain?
Interest is the price you pay to take money or the cost that charge to borrow money. Interest is most often reflected as an annual percentage of the amount of a loan. This percentage is called as the interest rate on the loan.
What are types of interests?
The three types of interest containing simple interest, accrued interest, and compounding interest. When money is lends, usually by the means of a loan, the borrower is asked to pay the interest agreed by the two parties.
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You expect to receive a $10,000 annual bonus in 12 months because of your efforts in landing a large client for your firm. How much is the bonus worth today if your opportunity cost is 3%?
By applying the formula you will get the answer, 5.128 is the bonus amount worth today if the opportunity cost is 3%
The idea behind opportunity cost is that you always have a finite amount of resources as a business owner. In other words, you can't take advantage of every chance because you have a limited amount of time, money, and experience. You must necessarily give up on the others if you choose one.
What you sacrifice / What you gain = opportunity costs
PV(-1000) FV(1350) N(6) PMT(0) CPT I/Y
Advantages lost by not taking a different path of action. The future earnings or expenses that would have been incurred if this alternative had been chosen are known as opportunity costs. This would be the alternative's lost earnings or savings if it were not picked.
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True or false: a bond's value is not affected by changes in the market rate of interest.
A bond's value is not affected by changes in the market rate of interest.
FALSE
A market is a composition of structures, institutions, approaches, social family members or infrastructures whereby parties interact in trade. at the same time as events can also alternate goods and offerings by way of barter, most markets depend upon dealers imparting their goods or offerings to shoppers in exchange for money.
A marketplace is an area wherein consumers and sellers can meet to facilitate the alternate or transaction of goods and offerings. Markets may be bodily like a retail outlet, or virtual like an e-store. other examples include illegal markets, public sale markets, and financial markets.
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Retained earnings is an example of a ____ account, meaning its balance is carried forward from one period to the next.
Retained earnings is an example of a permanent account, meaning its balance is carried forward from one period to the next.
Administration and Retained ProfitsThe management of the company is often in charge of deciding whether to keep the profits or distribute them to the shareholders. Since they are the actual proprietors of the corporation, the shareholders can, by a majority vote, overturn it.
For a number of reasons, management and shareholders may prefer that the company keep the profits. The management may be considering a high-growth project because they are more knowledgeable about the market and the company's operations and may believe it has the potential to produce significant returns in the future.
Over time, these measures might produce superior returns for the company's stockholders than dividend payments.
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Accounts payable is an account which contains the total dollar value of __________ by the business for all __________ purchases.
Value of monies owed to suppliers for credit purchases, Cash
Accounts payable is an account that contains the total dollar value of monies owed to suppliers for credit purchases by the business for all cash purchases.
Accounts Payable: Accounts payable (AP) refers to the sums owed to suppliers or vendors for goods or services received but not yet paid for. The accounts payable balance on the company's balance statement represents the total of all unpaid sums to vendors.
All of the short-term debt owed by the corporation is included in accounts payable. For instance, if a restaurant owes money to a company that sells food or drinks, those products are included in its inventory and so count toward its trade payables.
Value of monies owed to suppliers for credit purchases, Cash
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Answer:
monies owed to the suppliers; credit.
Explanation:
A neighborhood where the most likely buyer for properties will be investors is an indication that the neighborhood is in the ___________ phase of its life cycle.
A neighborhood where the most likely buyer for properties will be investors is an indication that the neighborhood is in the Decline phase of its life cycle.
What is Decline Stage?
A decline is a fall or drop, and the decline stage of the product life cycle reflects behavior that is similar for products. When a product disintegrates as a result of slowing down or experiencing negative growth, it enters the decline stage of its life cycle. The strength for the product's success up to this point came from the introduction and growth stages, and with most items, the fall stage is brought on by reduced demand, which ultimately arises from new inventions and technological breakthroughs. The company's profitability will drop until it becomes uneconomical to manufacture and sell the product, at which point manufacturing will stop.
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Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the _____ of the car-manufacturing firm.
If Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the Factors of production of the car-manufacturing firm.
What is Factors of production?
Factors of production can be defined as factors, inputs or resources that contributed to the production of goods and services.
Labor, land , capital as well as entrepreneurship play a major role when it comes to production of goods and service as they are the factors that contributed to the production of goods and services which in turn means that they are essential.
Therefore If Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the Factors of production of the car-manufacturing firm.
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A feature of a product or service that customers have come to expect and entering competitors must also offer is a(n):___________
A feature of a product or service that customers have come to expect and entering competitors must offer is an Entry Barrier.
What is an entry barrier?High startup costs or other impediments that make it difficult for new rivals to enter a market or line of business are referred to as barriers to entry. As a result of protecting their revenues and earnings and preventing competitors from taking market share, incumbent businesses benefit from entry barriers.
Entry barriers are things that stop or make it difficult for new businesses to enter a market. Entry barriers reduce the market's contestability and level of competition. The fewer entry obstacles there are, the less competitive the market will be.
What are the four primary categories of entry barriers?Legal (patents/licenses), technical (high start-up costs/monopolies/technical knowledge), strategic (predatory pricing/first mover), and brand loyalty are the four basic categories of entry barriers.
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Which detail best supports the purpose of persuading the audience that their freedom is connected to their generosity? "we make friends by doing good to others, not by receiving good from them." "this makes our friendship all the more reliable, since we want to keep alive the gratitude of those who are in our debt by showing continued good-will to them." "again, in questions of general good feeling there is a great contrast between us and most other people." "when we do kindnesses to others, we do not do them out of any calculations of profit or loss: we do them without afterthought, relying on our free liberality."
Answer: I think the answer is, "when we do kindnesses to others, we do not do then out of any calculations of profit or loss: we do them without afterthought, relying on our free liberality." but I'm not sure. I hope that helps :P
Explanation: it makes the most sense, in my opinion.
The detail that best supports the purpose of persuading the audience that their freedom is connected to their generosity is that when we do kindnesses to others, we do not do them out of any calculations of profit or loss: we do them without afterthought, relying on our free liberality.
What is freedom?Freedom is the unrestricted ability to pursue one's desires or a complete lack of inhibition. The freedom of U.S. citizens to express their thoughts and opinions is an illustration of freedom.
A prisoner being released from custody after finishing their sentence is an illustration of freedom. the state of not being constrained, specifically the capacity to act without being directed by, influenced by, or constrained by another person or environment.
In this case, the detail that supports the purpose of persuading the audience that their freedom is connected to their generosity is that when we do kindnesses to others, we do not do them out of any calculations of profit or loss: we do them without afterthought, relying on our free liberality.
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A journal entry that debits manufacturing overhead and credits accounts payable would be made to record ______.
A journal entry that debits manufacturing overhead and credits accounts payable would be made to record
factory utilities expenseRent expense on factory equipmentThis is further explained below.
What is manufacturing overhead?Generally, The cost of manufacturing overhead, often known as MOH, is the aggregate of all the indirect expenses that are spent throughout the process of making a product.
Along with the expenses of direct materials and direct labor, it is included in the total cost of the finished product.
In conclusion, A journal entry that debits manufacturing overhead and credits accounts payable would be made to record
factory utility expenseRent expense on factory equipmentRead more about journal entry
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All manufacturing costs are assigned to units of product and all nonmanufacturing costs are treated as period cost under costing. True or false?.
'All manufacturing costs are assigned to units of product and all nonmanufacturing costs are treated as period cost under costing.
This statement is True.
Manufacturing cost is the sum of the costs of all resources used to manufacture a product. Manufacturing costs fall into three categories: direct material costs, direct labor costs, and manufacturing overhead costs. This is a factor in the total shipping cost.
Manufacturing costs are the costs incurred in manufacturing a product. These costs include direct material costs, direct labor costs, and manufacturing overheads. Expenses are typically reported as separate line items on the income statement.
Manufacturing costs play an important role in the successful development and manufacture of a product. According to the value added model, production costs must be less than value added in order to be profitable. Calculating the cost of designing and manufacturing a product is therefore critical to the success of the product.
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Identify professional organizations that the accounting profession is involved in.
The following are professional organizations that an accountant must join:
American Institute of CPAsAmerican Accounting AssociationNational Society of AccountantsInstitute of Management AccountantsBeta Alpha PsiAmerican Association of Finance & AccountingAccounting and Financial Women’s AllianceInstitute of Internal AuditorsNational Association of Black AccountantsAssociation for Financial ProfessionalsA professional organization, also known as a professional association, exists to improve one or more professions, support the interests of those who work in such professions, and further the common good. It encourages creativity, connection, and communication. A professional organization often features a set of subcommittees or functional divisions, an elected leadership body, and member dues. Professional associations can be local, national, or even global, and they frequently have links to colleges and universities that offer degree programs in the subject matter.
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Fast bean sells coffee to fred to brew and drink at home. this is an example of business-to-______ marketing.
a. vendor
b. business
c. consumer
d. producer
Fast bean sells coffee to fred to brew and drink at home. this is an example of business-to-consumer marketing.
What is business-to-consumer marketing ?The process of selling items and services directly between a business and consumers who are the end-users of its products or services is referred to as business-to-consumer (B2C).
The majority of businesses that sell directly to consumers are classified as B2C.
B2C became extremely popular during the late 1990s dotcom boom, when it was mostly used to refer to online retailers who offered items and services to consumers via the internet.
Business-to-consumer refers to the process of businesses selling products and services directly to consumers, without the need of a middleman.
B2C refers to online sellers who sell products and services to customers via the internet.
Online B2C posed a threat to traditional retailers, who benefitted from adding a markup to the price.
However, companies such as Amazon, eBay, and Priceline have thrived, eventually becoming industry disruptors.
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Which resource management agency would most likely set guidelines for oil pipelines and windmills?
Federal Energy Regulatory Commission would most likely set guidelines for oil pipelines and windmills.
The Federal Energy Regulatory Commission (FERC) is the federal agency in the United States that controls the pipeline transportation of the oil as well as the transmission and wholesale sale of electricity and natural gas in interstate commerce. FERC also evaluates plans for interstate natural gas pipelines and projects for gas storage.
The following are some of FERC's duties: Controlling the transmission and wholesale sales of electricity in interstate commerce; Controlling the transmission and sale of natural gas for resale in interstate commerce; granting permits and conducting inspections for state, local, and private hydroelectric projects.
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The ability to profit by purchasing wheat in the u.s. and selling it in china implies that the?
The capability to benefit by copping wheat in the U.S. and dealing it in China implies that the real exchange rate is lower than 1.
Purchasing Power Parity By removing the variations in price situations between nations, copping power equivalence( PPPs) are rates of currency restatement that aim to equate the purchasing power of colorful currencies.
Grounded on PPP, India's GDP per capita in 2020 was 461 foreign currency. India's GDP per capita calculated using PPP climbed from,022 USD in 2001 to,461 USD in 2020, expanding at an average periodic rate of6.39.
The ability to profit by purchasing wheat in the U.S. and selling it in China implies that the real exchange rate is less than 1.
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The payoff matrix is a fundamental tool of:______
a. monopolistic competition.
b. game theory.
c. corporate finance theory.
d. regulatory oversight.
The payoff matrix is a fundamental tool of game theory.
A payoff matrix can be used to identify all of the alternatives available to each player in order to help them choose the best possible strategies. Game theory is the study of how individuals choose their course of action in a range of social contexts. It is used to explain how businesses choose how to operate in the market, including how choices are made regarding product pricing, when to release products, and how much money to spend on advertising.
In game theory, the payoff matrix is a key idea. The payoff matrix aids in illustrating each potential result associated with strategic decision-making. A player must consider how their decision will impact the results of the other player as well as how the other player's decision would impact their own.
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Choose the components of the shadow banking system.
a. savings and loan associations.
b. investment banks.
c. money market funds.
d. hedge funds.
e. commercial banks.
The proper responses are;
Investment banks (B).Money market mutual funds [C] Hedge funds [D]The production of credit inside the global financial system is facilitated by a network of financial intermediaries known as the "shadow banking system," which is unregulated.
Shadow bankingShadow banking refers to unregulated non-bank middlemen who connect lenders and borrowers. Despite being a significant contributor to the global crisis of 2008–2009, shadow banking still plays a significant role in world economies.
Money marketMoney market funds are businesses that offer less risky investments including certificates of deposit, interbank loans, and short-term securities like treasury bills. Money market funds in the United States are governed by the Securities and Exchange Commission (SEC).
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Inventories held for sale in the normal course of business are classified in the balance sheet as?
Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.
What is meant by current liability?This is the term that is used to refer to all of the financial obligations that the customer would have to have due to themselves in the long run. These are the liabilities that are known to be dropped in the current assets and would then be settled in the course of a year.
Hence we can say that Inventories held for sale in the normal course of business are classified in the balance sheet as Current liabilities.
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Securities traded in active financial markets are liquid assets. explain why liquidity is important to individual investors and to mutual funds.
Assets that are liquid are securities traded on vibrant financial markets.
Liquidity is crucial because investors want to be able to swiftly and easily convert their investments into cash when it's required or desirable to do so. Investing in securities like stocks, bonds, and short-term debt is what a mutual fund does, which is a business that pools money from many people. The mutual fund's portfolio is its collective holdings. In mutual funds, investors purchase shares.
How are mutual funds operated?
By combining money from numerous investors, mutual funds function. Then, stocks, bonds, and other securities are purchased using that money. Mutual funds provide quick diversity (and a correspondingly lower risk environment) to investors because they invest in a variety of businesses.
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Which is not a component that is taken into account with a relative value unit (rvu)?
a. overhead
b. work
c. all are components
d. malpractice
Overhead, Work and Malpractice is not taken into account with a relative value unit.
The US Medicare compensation model for physician services uses relative value units (RVUs) as a measure of value. [1] The resource-based relative value scale includes RVUs. Prior to the implementation of RVUs, Medicare compensated for physician services based on "usual, customary, and reasonable" rate-setting, which resulted in inconsistent payment. A Medicare cost schedule was established by the Omnibus Budget Reconciliation Act of 1989, and as of 2010, there were roughly 7,000 different physician services included. The American Medical Association owns the intellectual property rights to the terminology used to categorize the services, which is based on the Current Procedural Terminology (CPT).
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________ is the number of months the business can survive at its current rate of negative cash flow.
TIME OUT OF CASH is the number of months the business can survive at its current rate of negative cash flow.
The business owner must project the total amount of cash required to operate the company up until it generates break-even cash flow.
Time out of cash is relevant to Financial Feasibility.
TIME OUT OF CASH is the number of months the business can survive at its current rate of negative cash flow.
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What is the best advice for an american business person who is traveling to sweden on business?
The best advice for an American business person who is traveling to Sweden on business is to follow up oral negotiations and agreements in writing.
The best advice which can be given to an American business person who is traveling to Sweden on business is to be well-prepared when entering oral negotiations and also with agreements in writing with Swedes.
This has to be taken care of because the Swedes are known for analyzing backgrounds, information and proposals very carefully. Thus, it is recommended that you could provide your Swedish business partner with lots of information in writing to go through and to study the same.
Hence, Swedes are known for their ability to secure good business deals without making any enemies.
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Market offerings include entities such as people, places, information, and ideas.
a. true
b. false
'Market offerings include entities such as people, places, information, and ideas.
This statement is True.
A marketing offer is a product or service that a business offers to its customers to meet their needs. Offers include more than individual products or services. This includes the added value companies add to their products, such as: B. Comfort, quality and support.
A combination of products, services, information, or experiences offered to the marketplace to satisfy a need or desire. For example, in the food industry, a "market offer" could be a sandwich. Market offerings generally also include other entities such as people, places, organizations, information, and ideas.
Intangible value propositions are embodied in offerings that are combinations of products, services, information and experiences. A brand is an offer from a known source.
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A seller wants to net $55,614 from the sale of her house after paying a 7ommission. her minimum sales price will have to be?
Based on the amount that a seller wants after the sale of the house and the commission percentage, the minimum sales price of the house will be $59,800
What is the minimum sales price?When you have the net amount desired and the commission, the minimum sales price of a property can be found by the formula:
= Desired sales price / (1 - commission amount)
Solving for the minimum sales price gives:
= 55,614 / (1 - 7%)
= 55,614 / 0.93
= $59,800
In conclusion, the minimum sales price should be $59,800.
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What tax policies did the south fear as the negotiations began that eventually resulted in the three-fifths compromise?
Heavy taxes on agricultural goods exported from the U.S is the tax policy which is done by south fear as a negotiations that resulted to three - fifths compromise .
What is three - fifths compromise ?
At the United States Constitutional Convention (1787), delegates from the Northern and Southern states reached a compromise by agreeing that three-fifths of the slave population would be taken into consideration when determining direct taxes and House of Representatives representation.
Many of the Founding Fathers realized that slavery ended up going against the ideal of liberty that was at the emotional core of the American Revolution, but they were unable to take decisive action to finish it because they were devoted to the sanctity of private property rights, the ideas of limited government, and the pursuit of intersectional harmony.
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A corporation with an outstanding convertible debenture issue could force conversion by?
A corporation with an outstanding convertible debenture issue could force conversion by Equity.
Equity is the thing about convertible bonds is that the issuing company can force a conversion to equity. Fully convertible bonds provide investors with a way to participate in a company's growth while reducing short-term risk. The company is issuing convertible bonds to attract enough investors to finance their international expansion. The conversion will be 20:1 after three years. The fixed interest rate paid to investors on the convertible bond is 2%, which is lower than the typical bond rate. Convertible bonds are long-term debt instruments issued by a company that can be converted into company shares in the future.
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Exporting products overseas is an example of ________. group of answer choices a convertible trade fair trade a marketing mix strategy countertrade a market-entry strategy
Exporting products overseas is an example of a market-entry strategy. Thus the correct option is E.
What are products?A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.
Market-entry strategy refers to techniques to get entered into the international market and sell products and gain maximum revenue and fulfill the objectives of the business.
This market-entry strategy includes exporting, licensing, acquisition, and so on.
Therefore, option E is appropriate.
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How many chargers must be produced and sold if you wish to make a profit of $51760? round up to the nearest whole number.
In order to make a profit of $45389, 7879 charges must be sold. $45389, 7879 is the nearest whole number.
What is Profit/Income function?
The consumption function, often known as the Keynesian consumption function, is a mathematical expression expressing the functional connection between total consumption and gross domestic product. John Maynard Keynes, a British economist, introduced it and said it could be used to monitor and foresee total aggregate consumption spending. The difference between an economic entity's revenue from its outputs and the opportunity costs of its inputs is what is known as a profit. It is equivalent to total income less total expenses, which includes both direct and indirect expenses.
Cost function equals 50500+2.48x
(fixed cost + variable cost).
Income function = 14.65x
Revenue function minus cost function equals profit.
Profit function equals (50500 + 2.48x) / 14.65.
Profit function equals
14.65 x 50500 - 2.48 x,
or 12.17 x 50500.
If x is now 5500,
Profit thus equals
12.17 x 5000 – 5000 = 16435.
Given that profit is 45389, this means that
45389 = 12.17 x 50500 (45389 + 50500) / 12.17
equals 7879.
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Incorrect Question