Pay bills on time, spend less than they make,save their money and have a budget are the following that apply.
What is budget ?
A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future spending and saving in addition to anticipated income and expenses.
Budget is derived from the Old French word bougette, which means "small sack." The British chancellor of the Exchequer is referred to as "opening" his budget, or container of documents and accounts, when he presents his annual financial statement.
Hence all the options that apply are :
Pay bills on time
spend less than they make
save their money
have a budget
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in accordance with to the u.s. public health service (phs) regulations, which of the following would be considered a significant financial interest?
A $5,000 equity stake held by the spouse of the investigator in a business that makes goods associated with the institutional obligations of the investigator.
What is a significant financial interest according to US Public Health Service?When it comes to any non-publicly traded company, a Significant Financial Interest is present if the Investigator (or their spouse, partner, or dependent children) owns any equity interest, or if the total value of all compensation they received from the company in the year prior to the disclosure exceeds $5,000.
What are the PHS regulations about financial conflict of interests?According to PHS regulations, grantee organisations and contractors are required to appoint one or more individuals to review investigators' financial disclosure statements outlining their significant financial interests and make sure that any inconsistencies are managed, reduced, or eliminated before spending any money.
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which of the following statements are true? (select all that apply.) multiple select question. equipment is furniture or machinery that can be used for years. supplies are purchased from suppliers, while equipment is donated by stockholders. supplies are assets, but equipment is a liability. supplies are assets that can be used in the process of earning revenue in the near future.
Furniture or apparatus that can be employed for a prolonged time is called equipment. In the near future, supplies are assets that can be used to generate income.
What does the term "revenue" in business mean?
Revenue, sales, or the top line are terms used to describe the funds generated by standard business operations.
Operating income is calculated as revenue (from the sale of goods or services) minus operational costs.
Non-operating revenue, sometimes known as erratic or unreliable money from various sources (e.g., lawsuit proceeds).
Even though their techniques and resources differ, governments, nonprofit organisations, and private individuals are examples of non-business entities that also report revenue.
While revenue only refers to the revenues, income or profit also accounts for costs incurred in generating revenue and reports net (not gross) outcomes via sales.
The money that a business makes from its operations is regarded as revenue. There are various methods for calculating revenue relying on the accounting techniques described.
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FILL IN THE BLANK one of the issues with a______ is that subsidiaries rely on headquarters for all process and control decisions as well as system design and implementation.
one of the issues with a global is that subsidiaries rely on headquarters for all process and control decisions as well as system design and implementation.
Does the size and needs of a corporation have any impact on the global information system?
The parts of global information systems (GISs) are unaffected by a company's size or operational requirements. Standardization within departments is necessary for a global information system's (GIS) coordinating dimension.
One of the problems with a global organization is that subsidiaries depend on the headquarters for all decisions relating to process and control, as well as for the creation and execution of systems.
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______ order is a method of speech organization in which the main points follow a time pattern.
The answer is chronological, Chronological order is a method of speech organization in which the main points follow a time pattern.
What does "organization" mean to you?A group of people who cooperate is known as an organization. Examples of such groups include unions, corporations, charities, and neighborhood associations. The term "organization" can be used to describe a person, a company, a group, or the process of creating something.
The importance of organization in lifeThe opposite is also true: being organized can improve your health and make you happier and more at ease. Your life can suffer greatly from disarray. A higher level of stress and despair may result from it. Besides posing a fire risk and a mildew and dust buildup issue, disorganization can also pose a physical threat.
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The importance of the pro forma income statement is to provide a projection of how much _______ is anticipated over the ensuing time period
A) cash
B) profit
C) accounts receivable
D) debt
The answer is option b. Profit, The importance of the pro forma income statement is to provide a projection of how much profit is anticipated over the ensuing time period.
Which definition of profit is most accurate?Profit is the term used to describe the monetary gain experienced when the revenue from a commercial activity outpaces the costs, costs, and taxes incurred to support the activity in question.
Just what is profit?Profit is a word that's frequently used to refer to the monetary benefit that a company has when its income exceeds its costs and expenses. As an illustration, a kid at a lemonade stand pays a quarter to make one cup of lemonade. She later sells the beverage for $2. Her earnings from the cup of lemonade total $1.75.
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Zed Company sells two kinds of mainframe computer power supplies The company projected the following cost information for the two products Assume that total fixed costs are $428.400 How many units of the standard supply unit would be included in the total number of units required to break even with the projected sales mix (round your answer to the nearest whole unit)? 3.600 units 2.520 units 1.080 units 2040 units
The correct option is b i.e., 2,520 units of the standard supply unit would be included in the total number of units required to break even with the projected sales mix.
How do sales work?A sale is a transaction that involves exchanging products or services for a specific sum of money. To put it another way, a sale is any action that involves giving the buyer possession of a thing or commodity in return for payment.
What exactly do sales in company mean?Sales in general business operations refer to any exchanges of money or value for the right to possess a good or get a service. Sales, in the context of accounting, refers to the income generated by a corporation via the selling of goods or services (net sales).
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On January 2, Year 1, Polk borrowed $60,000 and used the proceeds to purchase 90% of the outstanding common shares of Strass. This debt is payable in ten equal annual principal payments, plus interest, beginning December 30, Year 1. The excess cost of the investment over Strass' book value of acquired net assets should be allocated 60% to inventory and 40% to goodwill. On January 1, Year 1, the fair value of Strass shares held by noncontrolling parties was $10,000.
On January 2, Year 1, stockholders' equity including noncontrolling interests should be:
A) $80,000
B) $85,000
C) $90,000
D) $130,000
The noncontrolling interest is worth $10,000 in fair market value. As a result, on January 2, Year 1, Polk's stockholders' equity is $90,000 ($80,000 + $10,000).
What do shareholders do?A stockholder or shareholder of a firm is someone who owns at least one share of its capital stock. The majority of the owners of the company are its stockholders, who normally gain from success through growing stock prices.
Who is a good illustration of a stockholder?Anyone who holds common stock shares in a corporation is referred to as a common stockholder. Common shareholders elect the board of directors for the corporation, and they can also weigh in on matters like corporate mergers.
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the opportunity costs of a decision may include each of the following types of costs except group of answer choices out-of-pocket financial costs. forgone financial costs. sunk costs. nonfinancial costs.
The opportunity costs of a decision may not include sunk costs.
What are sunk costs?
A sunk cost often referred to as a retrospective cost, is a cost that has already been incurred and cannot be recovered in economics and corporate decision-making. Sunk costs and prospective costs—future expenses that could be avoided if action is taken—are contrasted. In other words, a sunk cost is an amount that was spent in the past but is no longer significant when making decisions for the present. Even though economists contend that sunk costs are irrelevant to rational decision-making in the future, consumers frequently factor past expenses for circumstances like fixing a car or house into their decisions regarding those properties in daily life.
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Which of the following statements explains why the U.S. continues to import crude oil from Canada at a rate of 4 million barrels per day?
O All of the answer options are correct.
O The majority of oil produced in the U.S. is light crude oil.
O Oil imports from Canada are primarily heavy crudes.
O Many U.S. refineries were designed to process heavy crude oil.
O Idle refineries do not produce operational profits.
The Statements that explains why the U.S. continues to import crude oil from Canada at a rate of 4 million barrels per day are:
The majority of oil produced in the U.S. is light crude oilOil imports from Canada are primarily heavy crudes.Many U.S. refineries were designed to process heavy crude oil.Idle refineries do not produce operational profits.Why do U.S. import crude oil from Canada today?In 2021, the US exported approximately 8.54 million barrels per day (b/d) and imported approximately 8.47 million b/d of petroleum, making the US an annual total petroleum net exporter for the second year in a row since at least 1949.
Even though the United States' annual total petroleum exports exceeded total petroleum imports in 2020 and 2021, the country still imported some crude oil and petroleum products from other countries to help meet domestic demand and supply international markets.
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an advertisement has been placed on your company’s and on major recruitment websites for a great opportunity to be employed as country manager at abc insurance company in the uae. you read the job description and believe you are a fir for this position. you want to negotiate with the general manager, dr david smith, that you would like to excel and get promoted as the ‘country manager’, from your current position as the ‘dubai’s branch manager’. this position will provide you with many opportunities such as a higher salary, more responsibilities, and utilizing more of your technical and leadership skills. in addition, you have been working with the company since september 2015 as a full-time employee and have made enormous contributions to the organization. from your experience, you have also determined that dr smith is a ‘thinker’ personality type as per the myers-briggs type indicator.
What strategies would you utilize to make the best first impression? Give a minimum of two examples.
1.Be prepared and professional: Before meeting with Dr. Smith, do your research on the position and the company. Make sure that you have an understanding of the job duties and expectations, as well as the company's mission and values.
What is the first impression?Generally, Speak to your accomplishments: When meeting with Dr. Smith, focus on the successes and accomplishments that you have achieved while working at the company. Demonstrate how your experience and knowledge have made you an ideal fit for the position, and highlight how you have contributed to the company's overall success. Be sure to back up your claims with concrete examples and evidence.
Additionally, dress professionally, arrive on time, and bring any relevant documents or materials that may be helpful in the negotiation.
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pick the correct statement from below. multiple choice nasdaq is a broker market. the nyse is a dealer market. the exchange with the strictest listing requirements is nasdaq. some large companies are listed on nasdaq. most debt securities are traded on the nyse.
C: "The exchange with the strictest listing requirements is NASDAQ" is the correct statement.
NASDAQ and NYSE are two of the largest stock exchanges in the world. NASDAQ operates as a broker market, meaning that trades are executed through a network of brokers, while NYSE operates as a dealer market, where trades are executed through a market maker. NASDAQ has a reputation for having more stringent listing requirements for companies, including higher financial and operational standards, making it a more attractive exchange for established companies. In comparison, NYSE is known for trading debt securities, such as bonds, more frequently.
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The decedent or his or her surviving family (in a wrongful death suit) may have suffered the following types of losses, both past and future
Some family members, especially surviving wives and children, experienced losses. In addition to the mental and emotional suffering they endured following their loss, these may also involve financial losses.
Who is Entitled to File a Wrongful Death Claim?Although some jurisdictions allows any person to do so, most states only allow the executor of the decedent's estate or a close relative to file a wrongful death lawsuit. The recipients of any damages awarded and those who qualify to pursue wrongful death claims are also determined by the state.
Why not elaborate on Loss of Consortium?In certain states, the plaintiff in a wrongful death action may assert a loss of consortium claim also known as a loss of companionship claim. An people may experience great grief when they lose their spouse, especially if it was done by another person.
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at the project level, which of the following is a factor that should influence the choice of project management structure?
Projects and organisational culture are related.
The corporate culture of a company is a key determining factor for all actions intended to be carried out within the Organization, such as Projects, as it describes how people interact with one another within an organization. Any project that is to be carried out must adhere to the organizational culture.
Additional elements that are known to affect project management Included in structure are the following
THE ORGANIZATION'S SIZETHE BUSINESS IT ENGAGES ININSTITUTIONAL STRUCTUREThe company's goalsTHE LEADERSHIP OF THE ORGANIZATION.To know more about organisational culture, click the below link
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If the demand for good B increases when the price of good A increases, the two goods are_____
If the demand for good B increases when the price of good A increases, the two goods are substitutes. It is claimed that two items are substitutes when a rise in the price of one product (good A) increases demand for another good (good B).
As the cost of good A rises, buyers may switch their demand to good B, which serves as a stand-in for good A, in the case of good A and good B. This happens as a result of the fact that as the price of good A rises, it becomes more expensive in comparison to good B, making good B a more desirable choice for customers.
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true/false. when you squeeze lime juice onto sliced avocado or drip orange juice over your sliced apples, you are using citric acid as a competitive inhibitor to prevent oxygen from binding to the active site of polyphenol oxidase (ppo), the enzyme that causes fruit to turn brown.
The given statement "When you squeeze lime juice onto sliced avocado or drip orange juice over your sliced apples, you are using citric acid as a competitive inhibitor to prevent oxygen from binding to the active site of polyphenol oxidase (PPO), the enzyme that causes fruit to turn brown." is true because citric acid found in lime and orange juice functions as a competitive inhibitor to PPO.
PPO is the enzyme responsible for causing browning in fruits by oxidizing the polyphenols in the fruit, leading to the production of melanins.
By adding citric acid, it acts as a competitive inhibitor by binding to the active site of PPO, preventing oxygen from binding to the enzyme and preventing the browning process from occurring. This technique of using citric acid to prevent fruit browning is commonly used in the food industry.
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Which of the following statements regarding the financial statements is TRUE?
The income statement reports operating and investing activities and the balance sheet reports assets, liabilities and stockholder’s equity.
The statement of cash flows reports revenues and expenses and the statement of retained earnings reports assets and liabilities.
The statement of retained earnings reports dividends and the income statement reports revenues and expenses.
The balance sheet reports revenues and expenses and the statement of cash flows reports assets and liabilities.
The statement of retained earnings reports dividends and the income statement reports revenues and expenses is true regarding the financial statements.
What are financial statements?
Official records of a person's, a company's, or another entity's financial position and actions are called financial statements. An easy-to-understand format is used to provide pertinent financial data in a systematic manner. Once you have learned the accounting components and are familiar with the many accounts that make up financial statements, preparing them is simple. Financial statements are important when applying for loans or borrowing money for better operations. Personal financial statements are unique in that they function as a unit rather than merely as two independent pieces of data.
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(Figure: Demand for Bus Rides) The city of Vaughan in Ontario, Canada, opened a new subway line that extended the existing subway system between the greater Toronto area and the city of Vaughan. The route previously only had bus service. Which of the following graphs depicts the effect you would expect to see on the demand for bus rides on this route after the introduction of the subway? А B с D Price Price Prio Old price Now prio New price Old pro Old demand New demand Quantity Demand CH New Quantity Qurity guarity Demand New Ok Quantity quantity quantity Old Germand Quandy Graph C Graph D Graph B Graph A 2)When you get hired for a well-paying job, you will most likely view older used cars as complementary goods. normal goods. inferior goods. substitute goods. 3) Which of the following scenarios illustrates the law of demand? I Kathleen eats more steak when the price is low, and less when the price is high. Francis does not care about the price of coffee at the coffee shop - he must buy two cappuccinos every day, regardless of the price. A research company finds that the more expensive a particular brand of a designer handbag, the more that consumers are willing to purchase the brand. John likes to drink spring water. At $2 he buys four bottles of water, and at $1.50 he still buys four bottles of water. Focus
If this route only had bus service, introducing a new subway would reduce the demand for bus rides.
What is the fundamental rule of demand?According to the law of demand, consumers make fewer purchases as prices rise. A free market should, in theory, strive towards an equilibrium quantity and price where supply and demand converge.Demand is the consumer's intention to buy a specific product or service. If this route only had bus service, introducing a new subway would reduce the demand for bus rides.As a result, the demand curve for bus rides on this route will shift towards the left.Therefore, the demand for bus rides on this route after the introduction of a new subway is rightly depicted by graph A.To learn more about demand refer to:
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T/F in countrymanager, mexico participates in the mercosur trade agreement which provides tariff free sales and production among its members.
True. The Mercosur Trade Agreement, also known as the Southern Common Market, has been in place since 1991 and provides tariff-free sales and production among its members.
Currently, the Mercosur members include Argentina, Brazil, Paraguay, Uruguay, and Mexico, which joined in late 2018. The agreement not only eliminates tariffs between member countries, but also sets common rules and regulations for trade, intellectual property protection, and dispute resolution.
It also provides a platform for members to coordinate economic and trade policies, and to promote economic integration.
Furthermore, the Mercosur Trade Agreement facilitates the free movement of labor and capital, as well as the free circulation of goods, services, and payments among members.
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withdrawal behaviors can be either categorized as neglect or exit behaviors. is an example of exit behavior.
Employees engage in withdrawal behavior, a series of acts designed to keep them out of the workplace and lead to eventual resignation.
What is withdrawal behavior?
The inclination to avoid the unfamiliar, whether they be people, places, or situations, is what distinguishes withdrawal behavior. Although withdrawal, or avoidance, may be brought on by a temperamental inclination to inhibit when faced with novel situations, anxiety about the prospect of a negative review or a conditioned avoidant response, sometimes known as a phobia, can also bring about withdrawal. Each of these three pathways has the potential to influence withdrawal behavior. In children, withdrawal behavior is frequently observed. Most of the time, the retreat or avoidance that is observed in the preschool years is brought on by a temperamental bias that causes certain kids to be uneasy around unexpected situations. Later in childhood, extremely specific things like lightning, animals, insects, or meals cause withdrawal or avoidance.
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TRUE OR FALSE If a firm switched from taking trade credit discounts to paying on the net due date, this might cost the firm some money, but such a policy would probably have only a negligible effect on the income statement and no effect whatever on the balance sheet.
This statement- " If a firm switched from taking trade credit discounts to paying on the net due date, this might cost the firm some money, but such a policy would probably have only a negligible effect on the income statement and no effect whatever on the balance sheet" is false.
Taking the trade credit discounts basically involves paying the suppliers less than the full invoice amount and that too within a specified period of time. Its usually within 10 to 60 days. If the firm doesn't take these discount then it may miss out a lot on potential savings and could actually end up paying more for its purchases. This would in turn increase its cost of goods sold (COGS) and it will lower its net income, affecting the overall income statement.
Finally, paying suppliers on the exact net due date could also have an impact on the firm's cash flow and firm's ability to pay bills and meet its financial obligations.
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consider the hypothetical trade data presented in the accompanying table. a. given the data presented in the table, which countries have open economies?
The right response is "Panama" and "Mexico."
An open economy is one that allows for free trade; it includes unrestricted imports and exports of commodities and services.
What is an open economy?
An open economy is a form of economy in which organisations from other nations trade goods in addition to those produced domestically (goods and services). Management interchange, technological transfer, and the exchange of a wide range of commodities and services are all examples of trade. There are some exceptions that cannot be swapped; for instance, a country cannot trade its railway services with another nation in order to use the service.
In contrast, a closed economy forbids the conduct of both foreign trade and finance. Exporting is the process of selling products or services to another nation. Importing is the process of purchasing goods or services from another nation. International trade is the term used to describe both importing and exporting.
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use the range names in formulas to find the expected salary increase for each of the respondents. fill in the expected salary increases below.
First, write the anticipated fixed amount in cell A3 directly below your annual paycheck. Your post-raise salary will be displayed if you enter (=A2 + A3) in cell A4.
What is a salary?A salary clause, a sort of recurrent payment from an employer to an employee, may be included in an employment contract. Instead of being paid on a regular basis, piece wages are paid separately for each work, hour, or other unit. A salary is predetermined amount of cash or other compensation that a business pays an employee in exchange for work performed. Frequently, wages are paid at fixed intervals, such as monthly instalments equal to one-twelfth of the annual wage. Salary determination often involves comparing market pay rates for workers performing equivalent work in comparable industries in the same place. Wage is also determined by levelling the pay scales and salary ranges established by each company.
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an advertisement has been placed on your company’s and on major recruitment websites for a great opportunity to be employed as country manager at abc insurance company in the uae. you read the job description and believe you are a fir for this position. you want to negotiate with the general manager, dr david smith, that you would like to excel and get promoted as the ‘country manager’, from your current position as the ‘dubai’s branch manager’. this position will provide you with many opportunities such as a higher salary, more responsibilities, and utilizing more of your technical and leadership skills. in addition, you have been working with the company since september 2015 as a full-time employee and have made enormous contributions to the organization. from your experience, you have also determined that dr smith is a ‘thinker’ personality type as per the myers-briggs type indicator.
What are the essential techniques and strategies in the context of negotiation?
An advertisement, otherwise known as an advert or ad, is generally considered a public communication that promotes a product, service, brand, or event.
What is an advertisement?Advertisement sometimes referred to as an advert and ad, is typically seen as a form of public discourse that supports a good, service, organization, or event. Some people may view the phrase as going even further than that, encompassing any form of sponsored advertising intended to inform or persuade.
Direct mail, comparative, cooperative, educational, and outdoor advertising are a few types of product advertising. Television, radio, print, websites, social media, outdoor/billboards, as well as digital placement are all examples of advertisement channels.
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the brandon household has a monthly income of $5,630 on which to base their budget. they plan to save 10 percent and spend 32 percent on fixed expenses and 56 percent on variable expenses.
Remaining amount is estimated as $575.00.
What are variable expenses?
Any expense with a changeable amount is a variable expense. Among the varied costs are those for food, transportation, and entertainment. Budgeting for variable expenses can be challenging because it's impossible to predict exactly how much you'll spend.
Savings: $5,750 x 10% = $575
Fixed expenses: $5,750 x 32% = $1,824
Variable expenses: $5,750 x 56% = $3,224
Remaining amount: $5,750 - $575 - $1,824 - $3,224 = $575.00
"The Brandon household has a monthly income of $5.750 on which to base their budget. They plan to save 10 percent and spend 32 percent on fixed expenses and 56 percent on variable expenses. a. What amount do they plan to set aside for each major budget section? (Round your answers to 2 decimal places.) Savings Fixed expenses Variable expenses b. After setting aside these amounts, what amount would remain for additional savings or for paying off debts? (Round your answer to 2 decimal places.) Remaining amount"
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when the economy experiences shortfalls or excesses of spending, government policies can be used to address the imbalances. which statement does not address such imbalances, realized during the coronavirus pandemic? there is fear of recession and uncertainty about the future in a post covid-19 reality. the government reduced taxes to help workers. congress passes a $4 trillion relief package for workers and businesses affected by the coronavirus pandemic. the federal government provided cash payments to workers unemployed due to pandemic.
The correct option is A i.e., there is fear of recession and uncertainty about the future in a post covid-19 reality.
What does the term "recession" actually mean?A prolonged time of low or negative real GDP (output) growth that is followed by a noticeably higher unemployment rate is known as a recession. During a recession, a lot of other economic activity indices are similarly weak.
Who gains from a recession?As the general public, corporations, and policymakers struggle with the recession, economists frequently observe a tremendous surge in demand for their services. In uncertain economic times, consultants, government policy advisers, and even media personalities may find opportunities to promote their expertise.
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FILL IN THE BLANK ravenshaw corp. assigns its sales and marketing people to specific countries, regions, and districts. ravenshaw corp. is most likely an example of a _____ .
Ravenshaw corp. assigns its sales and marketing people to specific countries, regions, and districts. Ravenshaw corp. is most likely an example of a geographic organization.
What does geography mean in the organization?
An organization's personnel are arranged according to their geographic locations using a geographical organizational structure. Specific divisions are established for each place by this framework. Using a variety of employees for a range of job functions, each division operates as though it were its own company.
The sales and marketing staff at Ravenshaw Corp. are allocated to particular nations, areas, and districts. Probably the best illustration of a geographic organization is Ravenshaw corp.
Therefore, People within an organization are arranged according to their geographic locations via a geographical organizational structure.
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Entries into T accounts and Trial Balance
Ken Jones, an architect, opened an office on April 1, 20Y4. During the month, he completed the following transactions connected with his professional practice:
Transferred cash from a personal bank account to an account to be used for the business, $18,000.
Purchased used automobile for $19,500, paying $2,500 cash and giving a note payable for the remainder.
Paid April rent for office and workroom, $3,150.
Paid cash for supplies, $1,450.
Purchased office and computer equipment on account, $6,500.
Paid cash for annual insurance policies on automobile and equipment, $2,400.
Received cash from a client for plans delivered, $12,000.
Paid cash to creditors on account, $1,800.
Paid cash for miscellaneous expenses, $375.
Received invoice for blueprint service, due in May, $2,500.
Recorded fees earned on plans delivered, payment to be received in May, $15,650.
Paid salary of assistant, $2,800.
Paid cash for miscellaneous expenses, $200.
Paid $300 on note payable.
Paid gas, oil, and repairs on automobile for April, $550.
Required:
Question Content Area
1. Record the above transactions (in chronological order) directly in the following T accounts without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Accounts Payable; Notes Payable; Ken Jones, Capital; Professional Fees; Rent Expense; Salary Expense; Blueprint Expense; Automobile Expense; Miscellaneous Expense. To the left of each amount entered in the accounts, select the appropriate letter to identify the transaction.
2. Determine account balances of the T accounts. Accounts containing a single entry only (such as Prepaid Insurance) do not need a balance.
Cash
fill in the blank e3601cfc9fe106c_2
fill in the blank e3601cfc9fe106c_4
fill in the blank e3601cfc9fe106c_6
fill in the blank e3601cfc9fe106c_8
fill in the blank e3601cfc9fe106c_10
fill in the blank e3601cfc9fe106c_12
fill in the blank e3601cfc9fe106c_14
fill in the blank e3601cfc9fe106c_16
fill in the blank e3601cfc9fe106c_18
fill in the blank e3601cfc9fe106c_20
fill in the blank e3601cfc9fe106c_22
fill in the blank e3601cfc9fe106c_24
Bal. fill in the blank e3601cfc9fe106c_25
The entry that will be presented will be in relation to the company of Ken Jones who is an architect.
What is a business account?By having one's business and personal finances separate, big banks provide some individual insurance coverage. Additionally, merchant services protect your clients' purchases and guarantee the privacy of their personal information.
In this, there will be various accounts that will be debited as well as credited that will be based on the regulations. The entries will have various accounts like equipment, cash, bank, salary, account receivables, expenses, etc.
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The question is incomplete, the complete question will be :
Ken Jones, an architect, opened an office on April 1, 20Y4. During the month, he completed the following transactions connected with his professional practice:
Transferred cash from a personal bank account to an account to be used for the business, $18,000.
Purchased used automobile for $19,500, paying $2,500 cash and giving a note payable for the remainder.
Paid April rent for office and workroom, $3,150.
Paid cash for supplies, $1,450.
Purchased office and computer equipment on account, $6,500.
Paid cash for annual insurance policies on automobiles and equipment, $2,400.
Received cash from a client for plans delivered, $12,000.
Paid cash to creditors on account, $1,800.
Paid cash for miscellaneous expenses, $375.
Received invoice for blueprint service, due in May, $2,500.
Recorded fees earned on plans delivered, payment to be received in May, $15,650.
Paid salary of assistant, $2,800.
Paid cash for miscellaneous expenses, $200.
Paid $300 on note payable.
Paid gas, oil, and repairs on automobile for April, $550.
Required:
Question Content Area
1. Record the above transactions (in chronological order) directly in the following T accounts without journalizing: Cash; Accounts Receivable; Supplies; Prepaid Insurance; Automobiles; Equipment; Accounts Payable; Notes Payable; Ken Jones, Capital; Professional Fees; Rent Expense; Salary Expense; Blueprint Expense; Automobile Expense; Miscellaneous Expense. To the left of each amount entered in the accounts, select the appropriate letter to identify the transaction.
the optimal interest rate for the federal reserve to target determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.
The complete question is:
Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.
1. The optimal interest rate for the Federal Reserve to target
2. The effects of government tax policy on long-term economic growth
3. The effect of a cigarette tax on the quantity of cigarettes sold
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The CPI is calculated on the basis of a basket of _____ products, but is temporarily misrepresented due to the introduction of ____ products.
a. new; old
b. new; common
c. common; new
d. common; old
e. old; common
Correct option is C, The CPI is calculated on the basis of a basket of common products, but is temporarily misrepresented due to the introduction of new products.
What does CPI mean?A market basket of products and services that households have purchased at a weighted average price is measured by a consumer price index. The measured CPI changes over time to reflect variations in price.
The Consumer Price Index, which measures the total change in consumer prices over time, is derived using a sample basket of goods and services.
An instrument used to monitor variations in the typical retail prices of particular goods and services that consumers purchase over time is the consumer price index (CPI). The real purchasing power of consumer income and wellbeing is impacted by these changes.
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TRUE/FALSE. the u.s. accounting community is moving away from international financial reporting standards (ifrs).
The US accounting community is moving away from international financial reporting standards (IFRS). The statement is True.
What is IFRS?IFRS stands for international financial reporting standards,a collection of accounting standards intended to provide financial statements for public firms. The US employs a unique set of Generally Accepted Accounting Principles (GAAP)
In comparison to the US GAAP, which has clear and widely-accepted advice and established practice for many key locations, IFRS lacks accuracy in execution, and gives judgment quite so much flexibility.
The statement is True.
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Answer:
false
Explanation: