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:
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
An additional worker is hired for an hour at a wage w = $12. the worker produces 4 hamburgers per hour with a price of $3 per hamburger. the real wage paid to the worker is:____.
The real wage paid to the worker is 4 hamburgers per hour.
What is Wage?A wage is the sum of money that an employer pays an employee for work that was completed within a certain time frame. The minimum wage, prevailing rate, annual bonuses, and remunerative rewards like prizes and tip payments are a few examples of wage payments.It is broken down into two parts: a direct cost made up mostly of gross pay plus various benefits; and an indirect cost made up primarily of traditional and legal employer contributions and other fees.Regular and supplemental pay can be divided into two groups.The number of hours worked multiplied by the employee's hourly wage can be used to determine gross wages for hourly workers.Learn more about wage here:
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If an agent does not comply with the requirement of conducting a visual inspection of a property, how long after possession does the buyer have to file a suit?
Agents are expected to conduct inspections at locations that are reassuringly accessible, and they must disclose the findings on an inspection disclosure form. The buyer has two years from the date of ownership to launch a lawsuit if the agent does not adhere to this rule.
What is Visual inspection?
Visual inspection is a typical technique for data collection, analysis, and quality control. When referring to visual inspection in the context of facility maintenance, it refers to the examination of machinery and buildings using any or all of the five basic human senses—sight, sound, touch, and smell—as well as any general inspection tools. Inspections using ultrasonic, x-ray, infrared, or other specialized equipment are not normally regarded as visual inspections because they demand for specific tools, training, and certification. According to research on the visual inspection of tiny integrated circuits, experienced inspectors' trained eye fixations typically lasted 200 milliseconds (ms). The fastest and most accurate inspectors had the fewest eye fixes.
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A market is an arrangement that brings _____ together and enables them to get information and do business with each other.
A market is an arrangement that brings central banks and commercial banks together and enables them to get information and do business with each other.
What is market?
A market is a gathering place for consumers and sellers where they can exchange goods and services. Markets might be real-world, like a physical store, or digital, like an online merchant. The black market, the auction market, and the financial market are more examples.
Therefore,
A market is an arrangement that brings central banks and commercial banks together and enables them to get information and do business with each other.
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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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________ 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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A buyer is purchasing a property for $400,000. His loan-to-value ratio is 80%. The lender also charges a 1% loan origination fee. How much is the loan origination fee?
The loan origination fee = $3200
Given:
Purchasing price of property = $400,000.
Loan-to-Value Ratio= 80%
Loan-to-Value Ratio= 0.80
Loan-to-Value ratio = (Loan amount)/( Value of property)
0.80 = (Loan amount)/(400000)
Loan amount= 0.80 x 400000
Loan amount=$ 320,000
Origination fee = 1% of (Loan amount )
= 0.01 x ( 320000)
= $3200
Hence, the loan origination fee = $3200
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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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Your business statistics class had a test last week. The average score for the class is an example of.
Example of the average score for the class is Descriptive Statistics. An individual data set, which may be a sample of a population or a representation of the entire population, is summed up using a specific data set using brief informative coefficients known as descriptive statistics. Measures of central tendency and measures of variability are included in descriptive statistics (spread).
To put it simply, descriptive statistics offer succinct summaries of the sample and data measures to help describe and comprehend the features of a certain data set. The most well-known types of descriptive statistics are the mean, median, and mode, which are used at almost all math and statistics levels.
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Which characteristic of a phospholipid contributes to the fluidity of the membrane?.
The saturation level of the phospholipids' fatty acid tails is one of their properties that governs membrane fluidity. A plasma membrane is expected to be less fluid if it has more saturated fatty acid tails in the phospholipids.
The plasma membrane is the outermost, envelope-like membrane or structure that encloses the cell and its organelles. The phospholipid bilayer is a double-membraned cell organelle that can be found in both bacterial and eukaryotic cells. The plasma membrane serves as the barrier and is selectively permeable in all live cells, allowing the entry and exit of specific molecules.
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From a business perspective, raw data is transformed systematically during various stages, transforming it into valuable information, in a process called:__________
From a business perspective, raw data is transformed systematically during various stages, transforming it into valuable information, in a process called: the information value chain.
What is the Information Value Chain?
Very specifically, the Information Value Chain is the understanding that data only creates value if it goes through a sequence of steps, steps which eventually result in effort back in the real world.
What is the information Action value chain?
The chain has four major steps. We start with data accepted from the real world. Next, we convert that data into information. We use that information to inform conclusions. Finally, based on those decisions we take action that will deliver value to the firm.
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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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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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Which type of an economy, typically agricultural, can be described as where things are done in the same way as they have always been done?
The traditional economy type of economy, typically agricultural, can be described as where things are done in the same way as they have always been done.
Economics is defined as the management of financial matters in communities, businesses, or families. An example in economics is the US stock market system. A country's economy is the wealth it derives from business and industry. The Japanese economy grew by more than 10% every year. 3. Uncountable nouns. The economy is about using the minimum amount of money, time, or other resources necessary to accomplish something, and not wasting anything.
Hmm, that's confusing. But essentially the economy works by allocating scarce resources to individuals and businesses. A series of markets in which goods and services are exchanged and enabled by capital together form an economy. These networks exist at local, national, and international levels.
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Application of the cost-benefit principle would lead one to purchase a _______ computer because _______ .
Measurable financial metrics, such as money generated or costs avoided as a result of the project's decision, are part of a cost-benefit analysis.
According to the cost-benefit concept, users should not pay more for financial information in financial statements than is necessary to provide that information.
According to the cost-benefit principle, all options should be considered before making a decision. Opportunity costs are one.
Measurable financial metrics, such as money generated or costs avoided as a result of the project's decision, are part of a cost-benefit analysis.
To assess the viability of cash flows from an asset or project, use the benefit-cost ratio. The risk-return profile of the project is more appealing the higher the ratio. A defective benefit-cost ratio would be the result of inadequate cash flow forecasts or an inappropriate discount rate.
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The presence of a financial market increases the marketability of a financial security by:________
The right response is "to lower the transaction costs associated with selling the security".
A financial market is any site or mechanism that enables buyers and sellers to exchange financial assets including bonds, shares, the various international currencies, and derivatives. Financial markets provide the link between those with funds to invest and others in need of capital.
What are securities and financial markets?A financial market is a place where individuals may exchange financial derivatives and securities for little to no cost. Stocks, bonds, raw resources, and precious metals, which are referred to as commodities in the financial markets, are some of the securities.
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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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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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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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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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Qiaochu purchased a parcel of land costing $67,900. today, that land is valued at $64,800. how long has she owned this land if the price has been decreasing by 1.5 percent per year?
The number of years that the owner owned the land for the value to fall from $67,900. to $64,800 is 3.14 years
What is the appropriate formula to determine years in case of a decreasing growth rate?
When asset decreases rather increases, the number of years it takes for the land whose initial cost was $67,900, needs to decrease in value to $64,800 can be determined as shown below:
n= ln(FV/PV) / ln(1+i)
FV=future value=$64,800
PV=the purchase cost=$67,900
i=decreasing rate of asset=1.5% per year
n=ln($64,800/$67,900)/ln(1+1.5%)
n=-3.14 years(it is negative because asset value is reducing)
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The most liquid measure of money supply is part 2
a. m0.
b. m1.
c. l.
d. m2.
e. m3.
The correct answer is (b) m1.
M1 is a measure of the money supply and includes the most liquid assets. In other words, M1 refers to any assets that can be used to quickly swap for goods and services. Circulating coin and currency, traveler's checks, demand deposits, and other checkable deposits make up this amount.
Describe M1.The money supply, also known as M1, is made up of cash, demand deposits, and other liquid deposits like savings accounts. M1 contains the liquid portions of the money supply since it comprises assets and currencies that are either already cash or can be converted into it quickly.
Which type of currency is the most movable?The most livable indicator of the money supply is M1. Checking deposits, traveler's checks, and active money are all included.
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When the retail price of imported products is increased for the purpose of making domestic goods more competitively priced it is called a(n):________
When the retail price of imported products is increased for the purpose of making domestic goods more competitively priced it is called a protective tariff.
Protective tariffTariffs that are implemented with the intention of safeguarding a domestic industry are referred to as protective tariffs. Their goal is to raise the price of imported items relative to domestically produced equivalents, which will increase sales of domestically made goods and help the local economy. Tariffs are also applied to increase tax revenue for the government or to stop a bad activity (sin tax). The goals of protection and revenue maximization propose distinct tariff rates, necessitating a choice between the two objectives, even if a tariff can simultaneously safeguard domestic industry and generate government money.
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A product’s value depends both on its utility and its scarcity.
True or false
Answer:
true
Explanation:
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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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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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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When buyers equate the status, quality, and value of an item with its cost, what part of the pricing strategy is involved with setting prices of luxury items?
Pricing Perceptions are involved while setting the price of luxury items.
What is Pricing Perception?Price perception is the value that a product or service has in the eyes of the consumer. It is a significant factor in the purchasing decision of the consumer. The exact cost of manufacturing the goods that consumers purchase is unknown. Instead, people base their judgments on an internal sense of the value of various products and which brand provides the highest value. Brands frequently attempt marketing methods to enhance the pricing perception of their brand and products in order to offer competitive prices while yet obtaining a higher price for their goods.
The pricing on all items may not be the lowest on marketplaces like Walmart and Amazon. However, because customers believe they will have the lowest pricing, they frequently favor these platforms over those that have the same or even lower prices.
Thus, Pricing perception is taken into consideration while setting the luxury goods price.
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The characteristic that a new accounting standard should not favor one group of companies over others or achieve a particular social outcome is an example of:_________
Neutrality is the characteristic that a new accounting standard should not favor one group of companies over others or achieve a particular social outcome. Because management wants to see the company grow, financial statements created by the corporation are by definition slightly skewed. This implies that they are more likely to indicate improved performance while omitting to disclose negative incidents.
Management must produce entirely objective financial accounts in order to be neutral. For instance, a business that has knowledge of a potential lawsuit must record it in its financial statement notes. The financial statements would become unreliable in the eyes of creditors and outside investors if this information were withheld.
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If mean lead time decreases but all other values remain the same, what will be the impact on the order point?
the order point will decrease
The delay between the start of a procedure and its conclusion is known as a lead time. For instance, the lead time between placing an order and receiving a new automobile from a certain manufacturer might range from 2 weeks to 6 months, depending on a number of specifics. The complete amount of time needed to create an item, including order preparation time, queue time, setup time, run time, move time, inspection time, and put-away time, is referred to as "manufacturing lead time" in one business lexicon. It is the period of time between when an order is released and when that order is produced and sent for made-to-order goods. It is the period of time between the release of an order and the manufacturing of and reception into completed goods inventory for make-to-stock products.
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