After entering a transaction into the accounting equation, an increase in total assets can be accompanied by a(n) ______(increase/decrease) in total liabilities or equity.

The statement is false. Revenues are typically recorded when earnings and expenses are compared to the periods in which they contribute to revenue under accrual-basis accounting method. Not when franchisers are permitted to recognize the revenue from the sale of the franchise.

Additionally, in accrual-basis accounting, activities that impact a company's financial statements are recorded in the periods in which they take place, and revenue is recognized in the period in which the performance obligation is met.

A brand can reach many more consumers by or through franchising since the brand already has a loyal following of consumers. In accounting of a franchise, according to the revenue recognition principle, revenue must be reported in the time frame that funds are received.

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Before posting a payment of $5,000, the accounts payable of senator company has a normal balance of $16,000. The balance after posting this transaction was $11,000.

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$13,377.2 billion ÷ $12,958.5 billion) × 100 = 103.2 the importance of the GDP deflator between 2005 and 2006.

In general, calculating real GDP is accomplished by separating nominal GDP from the GDP deflator (R). For example, if an economy's prices have risen by 1% since the base year, the deflating digit is 1.01. If nominal GDP was $1 million, then actual GDP is estimated as $1,000,000 / 1.01, or $990,099.

Nominal GDP is derived by bearing the current year's quantity output by the current market cost.

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The existence of cash is always relevant, and valuation may not be a relevant assertion for the cash account with an instant cash payment basis.

Any kind of business-to-business or some business-to-consumer account that is accredited on an instant payment basis, with no credit or valuation being granted, is referred to as a cash account.

In a cash account, the investor must pay the entire price for any securities they wish to purchase.

Any transaction on a cash account must be paid in full of sufficient funds on the settlement date. Cash accounts are a form of brokerage account.

The existence assertion ensures that the information presented exists with proof and is free from fraudulent activity. This assertion is a test to the fact that this is a complete cash existence assessment and has all the items included in the statement for a given accounting period.

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Structures on the premises separated by clear space from the dwelling are covered under coverage D of the homeowners policy?

The amount of risk or responsibility that an individual or entity has covered by using insurance services is known as insurance coverage. In the event of unforeseeable events, an insurer will issue insurance coverage, such as vehicle insurance, life insurance, or more unusual kinds, such as hole-in-one insurance.

When unforeseen occurrences like vehicle accidents or the death of an adult family supporter occur, insurance coverage aids customers in recovering financially. The insured person pays a premium to the same insurance company in exchange for this coverage. Numerous factors frequently affect both insurance coverage and price.

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The account earned+ 6.6 % per year.

You make a deposit when you add money to your bank account. to create savings and generate interest, you ought to put money in a bank. For money you'll withdraw at any time, a requirement deposit is made.

A certificate of deposit is an investment for the long term. once you take out a loan, you'll also pay a deposit as collateral.When you deposit money, you place it during a checking or savings account.

The minimum monthly deposit required from the customer is $100. an individual or item is put or left somewhere when they are deposited there.

What is deposit and withdrawal?

If you're wondering what's the difference between a deposit and a withdrawal, the reality is that they are exact opposites: A deposit is money put into a bank account for safekeeping until you need it. A withdrawal is money that's taken out of your account.

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The following scenarios are microeconomic:

A team of three partners starts a new ad agency

A laid-off worker enrols in job re-training

The following scenarios are macroeconomic:

the inflation rate rises, Nationwide,

new housing construction declines for the third month in a row.

Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic variables that affect the whole economy. These economic variables include as inflation, unemployment, GDP and growth rate.

Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources

Here is the complete question:

Place the appropriate label to classify each scenario as either microeconomic or macroeconomic.

A team of three partners starts a new ad agency,

A laid-off worker enrolls in job re-training

the inflation rate rises, Nationwide,

new housing construction declines for the third month in a row.

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Participants of the dc real property fee: time period limit. A member can't serve for extra than 2 consecutive, full three-12 months phrases until the courtroom makes a special exception.

Consecutive refers to matters that are arranged or show up in sequential order. A criminal who serves a consecutive sentence does time for one conviction after any other.

Consecutive periods of time or events take place one after the other without interruption. The Cup was won for the third consecutive yr via the Toronto Maple Leafs. Synonyms: successive, strolling, following, succeeding extra Synonyms of consecutive.

Consecutive comes from the Latin consecutus, which means "following closely" without a gap. similar to the snowstorms — one typhoon came about each day, lower back to back, for 5 days in a row. Consecutive numbers also observe every difference or boost inside the proper order. as an example, 5, 6, 7, eight, 9, and 10 are consecutive numbers.

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Employment is an example of safety and security type of need.

Employment is a partnership between two people that governs the delivery of compensated labor services. One party, the employer, who may be a company, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in accordance with the terms of a contract in exchange for doing the job that has been allocated to them. Employees perform work in exchange for pay, which may be made up of an hourly rate, piecework payments, or an annual salary, depending on the nature of the work performed, the industry conditions in effect, and the bargaining power of the parties. In some industries, employees could get stock options, bonuses, or gratuities. Employees may also receive benefits in some jobs in addition to compensation.

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Workers formed unions and eventually these were recognized as a legal entity having the right of collective bargaining.

Why is it called collective bargaining?

What is an example of collective bargaining?

Employees can bargain collectively with their unions for more favorable terms. An illustration would be when factory workers use their union to bargain for higher wages.

What are the 4 types of collective bargaining?

Collective bargaining comes in a variety of forms, such as composite concessionary, distributive, integrative, and productivity bargaining.

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raw materials inventory       $2230

To credit carter corporation $2230

raw materials inventory will shown as debit and carter corporation as credit.  

The $2,230 transaction is recorded by carter as a debit to raw materials inventory.

A vendor, usually referred to as a supplier, is a person or a company who sells goods. A vendor often finds a place to sell their products and services. The seller markets and sells their goods using whichever strategy suits them best after procuring the appropriate items. For instance, if it's a food truck, the vendor makes sure there are enough ingredients to prepare the menu items and serve the anticipated amount of people before driving to a specific location and starting to sell meals. To prepare for, obtain, and deliver the items and services they are contracted to offer, a vendor that supplies one of these major businesses would require a significantly larger operation.

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Answer: Quantitative tools, and Qualitative reasoning

Explanation:

Business analytics translates data into decisions to improve business performance through QUANTITATIVE TOOLS or techniques and QUALITATIVE REASONING and analysis.

Quantitative Tools (and Techniques):

Qualitative Reasoning (and Analysis):

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The answer is 09.19%.

To find the common-size statement value of inventory.

Firstly, we need to calculate the Total Assets.

Total Assets = Current Assets + Net Fixed Assets

                     = $(500+544)

                     = $1044.

Now,

Find the Common size Value of Inventory.

Common-size value of inventory = Inventory/Total Stocks.

                                                      = $96/$1044

                                                      = 0.0919

                                                      = 09.19%

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The supply curve for paper will experience a leftward shift because of the decreased productivity of a paper mill due to the advancement of computers. That means the supply of paper will decrease.

The supply curve is a curve that provides a graphical representation of the law of supply. It presents the relationship between the price of the commodity and the quantity of the same a seller is willing and able to supply. The quantity supplied is measured on the horizontal axis and the price on the vertical axis respectively. This demonstrates that as the price increases, the quantity supplied increases and vice versa given the ceteris paribus conditions.

The supply curve shifts with the minute change in the factors that are assumed to remain constant. These factors include labor productivity, input costs, technology, producer expectations, government actions, and so on. The leftward shift in the supply curve indicates a decrease in the quantity supplied and a rightward shift indicates an increase in the same and so on.

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Revenue is recognized when the seller :

collects cash from customers , if using cash basis accounting.

Services are provided even if cash has not yet been collected, if using accrual basis accounting

Accrual accounting is an accounting method in which an expense or income is recorded at the time when the transaction occurs. The purpose of accrual accounting is to match income and expenses with the period in which they occur.

If the accrual accounting method is used, the expense would be recorded when the order is made.

The cash basis of accounting is an accounting method that records revenue only when cash is received and records expenses only when cash is paid.

Cash accounting does not include account receivable or account payable. An advantage of the cash basis of accounting is it easy to use. A disadvantage of cash accounting is it is a less accurate representation of financial position of a company.

IFRS or US GAAP does not allow cash accounting but allows accrual accounting.

Here are the options:

Cash is collected from customers, if using cash basis accounting

2) Borrowing money from a bank, if using cash basis accounting

3) Borrowing money from a bank, if using accrual basis accounting

4) Services are provided even if cash has not yet been collected, if using accrual basis accounting

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A manager and employee agree on precise performance goals, and then a strategy is created to help them be achieved. This approach is known as management by objectives (MBO).

Having an effective control system aids in achieving goals. Planning, organizing, leading, and controlling are the four primary management activities that have replaced and replaced Fayol's functions over time.

In contrast, managers work to apply procedures like organizational structuring and budgeting in order to attain organizational goals. Managers must make judgments to employ resources economically and effectively in order to meet market goals and objectives.

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The purpose behind a secondary sources of law is to increase the level of uniformity across courts in all 50 states.

In general, anything that discusses and analyzes primary sources is probably a secondary source if authorities like statutes and case law that establish the law are considered primary sources.

Given the broad scope of the concept, it is not surprising that secondary sources can have a wide range of characteristics and purposes, similar to the various approaches to analyzing laws and case law.

For instance, many secondary sources take the form of authoritative thematic treatises, while others take the form of live or recorded seminars. Other such authority may compile case law or statutes from various jurisdictions. And even that barely scratches the surface of all the secondary legal sources that are readily available.

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The correct question is “The purpose behind a secondary sources of law is to increase the level of ______ across courts in all 50 states.”

The law of demand illustrates an Inverse relationship between price and Quantity demanded.

It has downward sloping and negative relation.

Increase in price will decrease the quantity demanded and vice versa

Option (a) is incorrect as there is inverse relationship not direct.

Option (c) is incorrect as there is relationship of price and quantity demanded not demand.

Option (d) is incorrect because there is no direct relation  with the price and demand.

The law of demand illustrates an inverse relationship between price and the quantity demand.

Quantity demanded is defined as quantity demanded at particular price whereas demand refers to the different quantities at different prices that consumer is willing to buy

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Answer:

The correct answer is B

Explanation:

Net Income flows from the income statement to the statement of retained earnings.

The balance sheet is balanced when net income from the income statement, less any dividends paid, is transferred to the retained earnings column. Additional connections- Long-term debt on the balance sheet is used to determine interest expenditure on the income statement.

Net income: In commerce, Net Income is the amount of cash left over on balance costs, like salaries and wages, the value of commodities or raw materials, and taxes, are paid. Net Profit is the amount that an individual keeps after paying taxes, insurance premiums, and retirement contributions.

Net Income flows from the income statement to the statement of retained earnings.

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Tom's Drug Store chooses to increase the price of the toothpaste it purchases from $1 to $1.50. The marketing mix is where this strategic choice belongs.

Product, pricing, place, and promotion have historically been the four main components of the "marketing mix," which is a foundational business strategy (also known as the "4 Ps").

The early twenty-first century saw the emergence of marketing theory. First published in 1984, the modern marketing mix has now evolved into the preeminent framework for marketing management decisions. An extended marketing mix is employed in the services industry, often consisting of 7 Ps (product, pricing, promotion, place, packaging, positioning, and people), which are the basic 4 Ps plus process, people, and tangible evidence.

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A formal writing is the type of writing you would most likely observe in an email between an employee and his or her supervisor.

It refers to the type of writing that is is written for an audience you do not know on a personal level, that is, it is often the main style in academic writing and is more complex than informal writing.

The characteristics of a formal writing includes a more complex structure, an objective approach, use of full words rather than contractions and writing in the third person. Hence, as the relationship between an employee and supervisor is formal, then, the formal writing is the type of writing you would most likely observe in an email between an employee and his or her supervisor.

Therefore, the Option C is correct.

Missing option "Colloquial,Casual,Formal, Informal"

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Answer:

Resources should be used as efficiently as possible to achieve society's goals.

Explanation:

Resources should be used as efficiently as possible to achieve society's goals.

A flexible budget is one that adapts to a company's activity or volume levels. A flexible budget continuously "flexes" with a business's variations in costs, as opposed to a static budget, which remains fixed at the numbers decided upon when the budget was produced.

Budget flexibility = Fixed Cost plus (actual unit of activity x variable cost per unit of activity)

A flexible budget is simple to adjust in response to changes in the volume of production and sales. Performance measurement and evaluation are made easier with a flexible budget. It takes into consideration changes in activity volume. For control, a flexible budget is preferable to a static one.

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The amount a firm earns from selling products to customers is its revenue

What is distinction between revenue and profit?

The difference between revenue and profit is that the latter is the total earnings from customers by selling products to them, whereas refers to the   net earnings from selling products to customers after having considered the cost of those products, in other words, profit is the excess of sales revenue over the cost of goods sold.

In this instance, there was no mention of cost of those goods sold customers, in effect, we are not expected to consider cost of sales, which means that only revenue is received from customers when we sell to them, the profit can only be ascertained if we factor in cost of products sold, the amount required here is the revenue.

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Providing decision-making discretion is an organizational practice that allows employees to make decisions that result in the employee having a sense of control and greater opportunities for learning. (Option D). See further explanation below.

The process of choosing choices by recognizing a decision, acquiring information, and evaluating possible alternatives is known as decision-making.

By collecting important information and identifying options, a step-by-step decision-making process may help you make more careful, meaningful judgments.

The four decision-making types are given as follows:

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Full Question:

________ is an organizational practice that allows employees to make decisions that result in the employee having a sense of control and greater opportunities for learning.

Positive deviance

Sharing information

Minimizing incivility

Providing decision-making discretion

Providing feedback

Finance is the functional area of business that is responsible for finding the best sources of funds and the best ways to use them. So the correct option is (d).

What is a Functional area?

Functional area describes a way of segmenting an organization into distinct parts, each of which will act as a fully functional unit carrying out the specified functions. This means that a segmented unit like this accomplishes a specific organizational goal that can be distinguished from the role of other segments. The human resource department, a division within the organization that is divided from other functional areas by the particular obligations that are distinctive to just the human resource department, is an example of such a division within an organization.

Therefore correct answer is (d).

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Psychographics are data that help businesses determine how often potential customers use a particular product or service.

Market research, commonly referred to as "marketing research," is the procedure used to assess the viability of a new service or product by conducting research with prospective customers. Market research enables a business to identify the target market and gather input from customers regarding their interest in the good or service as well as opinions.

This kind of research might be carried out internally, by the business itself, or by a different business that specializes in market research. Surveys, product testing, and focus groups are among methods that can be used. A small stipend or product samples are typically given as payment to test subjects in exchange for their time. A new product or service's research and development (R&D) process must include market research as a key step.

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Retained profits is the term used to describe the portion of net income that a corporation keeps over time without paying dividends.

Retained profit is the portion of a company's net income that is held internally rather than distributed to shareholders. A company's long-term financial stability can be strongly predicted by its retained earnings.

As a measure of a company's financial soundness, retained profit is crucial for investors to comprehend. Numerous purposes can be served by operational gains. Although paying corporation taxes is required, there are some choices to be taken regarding what to do with the remaining profit.

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There will be inadequate liabilities.

the required details about sales revenue is mentioned below

What Does Sales Revenue Mean?

Sales revenue is the money a business makes from selling products or offering services. Sales and revenue can, and frequently are, used interchangeably to refer to the same thing in accounting. It is significant to remember that revenue does not always equate to money received. One part of sales revenue may be paid in cash, and the other part may be paid on credit using methods like accounts receivable.

Either the gross revenue total or the net revenue amount can be used to represent sales revenue on the income statement. All deductions for product returns, the potential for undelivered items, and the cost of bad debt are all included in net revenue.

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A company documents a loss of $70,000 on the sale of its outdated inventory.

a) Operating Activity

Operating activities are all the things a business does to bring its products and services to market on an ongoing base. Non-operating activities are past events that may affect revenues, expenses, or cash flow but fall outside of the company's routine, core business. Operating activities include: Setting a strategy.

Operating activities contain cash activities related to net income. Investing actions contain cash activities similar to noncurrent assets. Financing actions contain cash activities related to noncurrent liabilities and owners' equity.

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