Comparing vendor invoices to inventory prices, obtaining lower of cost or market data and recalculating deprecation schedules relate to the ______ assertion.

Sana Gill deposited $3500 into a new business checking account to begin her new bookkeeping firm, Gill Bookkeeping. This business transaction would increase the company's cash, and increase Sana Gill's Capital.

A financial exchange of commodities, money, or services between two or more people is referred to as a business transaction. A commercial exchange must have a measurable monetary value in order to be considered a transaction for accounting purposes. Business dealings will have an impact on the company's finances.

A long-term service contract might be as complicated as a business transaction, or it can be as simple as a cash purchase. The following requirements must be met for a transaction to qualify as a commercial transaction:

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Online social interactions between people and businesses take place on social networking websites.

A social networking site is an online community where users can connect with one another and build public profiles. Social networking sites typically let new users create a list of contacts they have a connection with, and those contacts can subsequently confirm or deny the link. Once connections have been made, a new user can look through existing connections to find new ones.

A social networking site is also referred to as a social website or a social networking website.

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The company has return on equity of 30 nd stockholders' equity of $4,000,000. what is the company's net income is 840000 (1200,000 - 4000000*.30).

By calculating a company's return on equity (ROE), one can determine how well its owners' equity investments are producing income.

If any total debt was utilized to finance the company's purchase or operations, you can calculate the net equity value by deducting that amount from the enterprise value.

Take the gross income, which is the whole amount of money earned, and deduct costs like taxes and interest payments to get at net income.

Net income for an individual is the amount that they really receive from their paycheck each month as opposed to the gross amount they are paid before payroll deductions.

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If the accounts receivable ending balance is greater than its beginning balance, then its debits were greater than its credits during the period.

Accounts receivable is a balance sheet account that is used to record services rendered or goods sold for which payment have not be made for them.

Accounts receivable is an asset for the company due to the fact that it is a legal obligation for payment to be made for services rendered. Accounts receivable is also considered to be a liquid asset.

When payments are received for services rendered or goods sold. the amount is subtracted from the accounts receivable account. When ending balance of the accounts receivable is greater than the beginning balance, it means that there is an increase in the amount of outstanding payments.

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Consumer confidence (and spending) is a reflection of how economic factors are related to psychological influences.

An economic indicator known as a consumer confidence index is released by numerous organizations across multiple nations. In layman's words, rising consumer confidence denotes economic expansion, which is accompanied by rising consumer expenditure, which denotes more consumption. Consumer confidence is a type of economic indicator that gauges how optimistic people are about both their individual financial conditions and the state of the economy as a whole. An economic indicator is consumer confidence. It evaluates how confident consumers are about the general state of the economy. It also gauges the degree of assurance people have in the steadiness of their income. Their level of confidence affects their financial choices, including their spending behavior.

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Ordinarily, the most significant audit objective and primary risk area for auditors in the examination of accounts payable is:

Audit Objective: Completeness is the main goal of the accounts payable audit. Completeness suggests that the payable won't receive any significant future additions. Accounts payable are a significant source of operating cash flows in the drug wholesale industry because inventory turnover is very high.

Primary Risk Area:

1) Intentionally understated are expenses and accounts payable.

2) There are payments made to unsuitable vendors.

3 )Payments are made twice to vendors.

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It is false that bakers are much more likely to supply pastries to the market if property rights are enforced. Bakers are much more likely to supply pastries to the market if property rights are not enforced.

Property rights specify who legally and formally owns resources and how they may be used. These resources might be physical or intangible, and they can be owned by people, companies, or governments. 

Private property rights, or the rights of private persons to amass, keep, delegate, rent, or sell their property, are typically exercised by individuals in various nations, including the United States. 

The allocation of property rights in a community has an impact on the effectiveness of resource usage since in economics, property rights serve as the foundation for all market transactions. Individuals or small groups of people typically own property.

The use of patents and copyrights to protect the following can expand the rights of property ownership.

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a company that makes microprocessors and only sells to private companies who make expensive computers. ABC specifically targets the corporate world.

The economic and industrial worlds that will hire students after they have finished high school or college.

What do you mean by business world?

It refers to the area of the world dominated by companies. It signifies a separation between the "corporate world" and the "ordinary world." It speaks of CEOs, businesses, their deeds, and everyone who works for them. The entire corporate world is involved.

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A firm that enhances a commercial package by adding custom features and configuring it for a particular industry is called a  VAR.

The configuration of a computer system refers to how its parts are arranged. Both hardware and software components are included in configuration. Sometimes, individuals expressly mention software components and hardware arrangement when referring to hardware configuration. Since some hardware or software programs require a minimum configuration, it is crucial to understand computer configuration.

The operating system can be used to learn more about setups. For instance, information about the operating system version, processor specifications, and RAM information are presented by choosing the "Properties" option on "My Computer" for Windows-based operating systems. The command "msinfo32" on an MS-DOS prompt can be used to get the same details about the settings of the computer.

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Three factors that Kendra Scott used to set itself apart from competing jewelry companies were offering a broad variety of services, being an online-only retailer, and appealing to the individual tastes of its clients.

A jewelry store, or jewelry store in American English, is a type of retail business that focuses on buying and selling jewels and timepieces. Jewelry stores offer a wide range of services, including designing, manufacture, remodeling, and repairs. The most prevalent kind of jewelers are bench jewelers, sometimes referred to as metalsmiths, silversmiths, goldsmiths, and platinumsmiths. They are skilled in a variety of areas. Typically, they do a variety of activities, from straightforward jewelry cleaning and repair to creating molds and pieces from scratch. A jeweler is a business that manufactures, sells, and fixes jewelry and watches.

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A form of ownership wherein several buyers purchase undivided interests in real property with a right to use that property for a specific period is called a timeshare.

The primary goal of the Subdivided Lands Act, a consumer protection law, is to guarantee that proper disclosures are given. The California Department of Real Estate interprets and applies the Subdivided Lands Act, which governs public offers of land in subdivisions for sale or lease.

In order to ensure that new development occurs in a timely manner and that services like roads, utilities, open space, and other services are adequately provided, the California Subdivision Map Act grants local governmental agencies the authority to regulate and control the design and improvements of subdivisions.

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The phenotypic frequency of black cats 0.72

The phenotypic black cats are 72

The total population is 100

Phenotypic frequency = counting the number of times a particular phenotype appears in a population / total number of individuals in the population.

Now,

Phenotypic frequency = 72/100

Phenotypic frequency = 0.72

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Theory X would obstruct the company's employees' ability to advance and be productive.

Managers who anticipate and micromanage daily tasks do not help in their development since they are more focused on making sure their work is done right than on training their personnel and discovering potential new prospects.

They are limiting potential sources of income in the near future by doing this, and even if these new alternatives could cause merchants more issues, if they carry on as they have, they will fail nonetheless, so it is worthwhile to explore new options. If they encounter these kinds of difficulties, they will also be unable to be innovative with future endeavors since, as the adage goes, it takes money to create money.

Retailers must, however, offer shoppers something novel if they want to overcome these worries.

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When a company borrows from a bank by signings a formal agreement, an asset titled cash is increased and a liability titled notes payable is increased.

Therefore, when a company borrows from a bank by signings a formal agreement, an asset titled cash is increased and a liability titled notes payable is increased.

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The complete question is given below
When a company borrows from a bank by signings a formal agreement, an asset titled cash is increased and a _____ titled ______ _______ is increased.

The typical purchase involved in an organizational buying exchange is larger in size than that in consumer buying for the business.

The expression 'organizational buying exchange' makes reference to the purchase process associated with the obtention of any type of good/service in an organized manner, which depends on geographical concentration and the presence of different types of channels for distribution.

In conclusion, the typical purchase involved in an organizational buying exchange is larger in size than that in consumer buying for the business.

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You own a mobile Taco Truck. You have a short list of competitors. The TWO that would be considered your Indirect Competition are options A. Walk-up Mexican Food stand and B. Burger King franchise. Hence, options A and B are the answers.

Indirect competition is the contrats between sellers whose goods or services are not the same but that could satisfy the same consumer need. Indirect competition opposes with direct competition, in which businesses are selling products or services that are essentially the same.

Therefore, the correct answer is as given above

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Answer:

Walk-up Mexican food stand & A local Taco Bell franchise

Explanation:

because it is places that serve the same items, which are direct competitors

burger king and mobile fish and chips truck is indirect cus they dont serve the same thing but still satisfy customers

It will be more fun, simpler to grasp, and lend credibility to both you and the speech if your speech is well-organized. The typical speech should have two to four primary ideas. There is a time pattern that speeches in chronological sequence follow. Speeches that are grouped spatially follow a timeline.

It's crucial to keep in mind that speeches have three distinct parts: an introduction, a body, and a conclusion when writing one. The topic is introduced, and your audience is oriented, in the introduction, and everything is summarized in the conclusion at the end of your speech.

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On July 1, Smokey Company pays $13,308 for a one-year insurance contract. Debit Rent Expense, $8,000; credit Prepaid Rent, $8,000; this is the adjusting entry for December 31.

An insurance contract, represented by a policy, provides financial protection or reimbursement from an insurance company in the event of a loss to the policyholder. In order to lower costs for the insured, the company pooled the money from its customers.

Plans for insurance are designed to guard against the possibility of both significant and minor financial losses brought on by damage to the insured's property or person, or by liability for injuries or damages to a third party.

An insurance policy is a contract that an insurer enters into to reimburse another party for losses brought on by particular risks or occurrences.

There are several varieties of insurance. The four most common types of insurance are life, health, home, and auto.

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The very first step in developing a social marketing plan involves understanding the target audience.

Having a strategy is essential for successful social media marketing.

You risk posting on social media just for the sake of posting if you don't have a plan. It will be difficult to succeed on social media if you don't know what your objectives are, who your target audience is, and what they want.

Creating a social media marketing strategy is crucial if you want to advance as a social media marketer or expand the reach of your company on social media.

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Markets in which funds are transferred from those who have excess funds available to those who have a shortage of available funds are called commodity markets.

The trade of products and services can take place in a market, which is a gathering place for interested parties. Buyers and sellers are typically the parties engaged.

The market might be actual, like a physical store where people interact in person, or it could be virtual, like an online market, where there is no face-to-face interaction between buyers and sellers.

A market's essential elements include the presence of buyers and sellers, as well as a good or service that may be bought and sold. A market determines the costs of commodities and other services regardless of the situation.

Supply and demand dictate these rates. One of the fundamental principles of economics is the concept of supply and demand. Demand is produced by buyers, but supply is produced by sellers.

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If the economy is operating at point c, the opportunity cost of producing an additional 15 units of meat is 20 units of eggs.

Opportunity cost is a theory that arises from scarcity, as well as unlimited human needs and wants. Therefore, opportunity costs usually occur when humans are faced with two or more choices.

In addition, it is important to understand the concept of opportunity cost because there are several reasons as follows.

Examples of Opportunity Costs in Daily Life

For example, a person only has 15 dollars. However, he was faced with a choice, namely, to buy fried chicken rice or a boba drink. He can only choose one of the two menus because the money he has is limited. In the end, he chose to buy a boba drink, so he missed the opportunity to eat fried chicken rice.

The picture above is the concept of applying opportunity cost in everyday life. Essentially, any of these opportunity costs must be profitable.

When viewed in terms of cost, the choice of the lowest load or the lowest cost will be an alternative cost. Meanwhile, when viewed in terms of production, choose which sector is able to produce more products than others.

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By debiting the working in process account, the manufacturing overhead account, and crediting the raw materials inventory account in the job order costing, the business can record the materials utilized in production.

The date, the amount to be credited and debited, a brief description of the transaction, and the accounts affected are all included in each journal entry along with other information pertinent to a single business transaction. Depending on the business, it could include a list of the impacted subsidiaries, tax information, and other details.

In order for the general ledger and financial reports based on this information to be accurate and full, it is essential to accurately and completely input journal data. Recurring journal entries can be automated and templated in today's accounting software, reducing the possibility of error.

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It tells you that the rate is going to change based on the curve of the per-capita growth rate of the meerkat population.

An algebraic standard can be used to depict population growth over a period of time. They are referred to as population models. Using a model, it is frequently simple to comprehend complex population components and interactions. Population models provide a pattern that makes it possible to forecast and comprehend how an organism will expand. The age and size of the population of the organism affect the ecological model. When developing a model, the interaction with the environment is another important consideration. Ecologists employ models to predict if a species will go extinct or become endangered, helping to rescue those species. Two models—the exponential and logistic population growth models—can predict the per capita growth.

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An income statement reflects activity that occurs over a period of time while a balance sheet reflects values at a point of time.

The income statement of a company is the financial statement that shows its income and expenditures. This gives a picture of the profit or loss the company is making. This is calculated for a given period of time.

The balance sheet of a company, on the other hand, is calculated at a specific point in time. It shows the assets, liabilities, and shareholder equity of the company at that point.

Income statement and balance sheet both constitute the financial statement of a company.

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Period costs are always recorded as an expense when incurred. So the correct option is A.

In accounting, expenses refer to the money spent or costs incurred by a company in an effort to produce revenue. Therefore, expenses are the cost of running a business in accounting, which includes the total of all the actions that will ideally result in a profit for you. There are many different ways that expenses can be defined in accounting.

The financial charges a company faces throughout operations in order to generate revenue are referred to as expenses.

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The maximum fine for driving and drinking an alcoholic beverage is 1000$
Therefore, the correct option is C. $1000

Alcoholic Beverage Punishments

Alcoholic Beverage
DUI, also referred to as Alcoholic Beverage, is a form of moving violation that happens when a driver is under the influence of alcohol or another dangerous substance. If someone is caught driving after drinking, they may face jail time, fines, or a suspension of their license.

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The correct answer is d  

High-performance work systems result in simple, repetitive jobs

Numerous empirical investigations have also discovered a connection between HPWS and a variety of beneficial outcomes, including improved job performance, creativity, and innovation.

A system that fosters a work environment in which employees have more involvement and responsibility is known as a high-performance work system. Employees are regarded as important business partners, and due of their dedication to making the company successful, it is possible to establish and retain a competitive edge.

A high-performance work system's ability to boost corporate productivity and efficiency is one of its main advantages.

Employee attitudes and actions are impacted by HPWS, and these employees retaliate with "extra-role activities."

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The accounts payable ending balance equals a $4,000 balance

What is accounts payable?

Accounts payable is the account that represent the company's suppliers, in effect, its balance indicates the amounts owed to them, in essence, the closing balance is determined by adding new purchases to the  beginning accounts while deducting amount paid to suppliers in the period under review.

accounts payable ending balance=beginning accounts payable+purchases-amount paid

beginning accounts payable=$1,000

purchases=$10,000

amount paid=$7,000

accounts payable ending balance=$1,000+$10,000-$7,000

accounts payable ending balance=$4,000

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The common set of standards and procedures by which audited financial statements are prepared are called GAAP

The Financial Accounting Standards Board (FASB), an independent non-profit organization, creates the standards. Accounting standards increase financial reporting's openness across the board. The commonly used set of accounting standards for creating financial statements in the US is known as generally accepted accounting principles (GAAP).

The International Accounting Standards Board (IASB) has established the International Financial Reporting Standards (IFRS), which are used by international businesses that report financial accounts and are not subject to U.S. GAAP. In the United States, both public and private institutions frequently apply widely accepted accounting standards.

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This is a Firm and True Statement.

Each row of the production possibilities schedule illustrates the MAXIMUM amount of a good service that may be produced given the production of the other.

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