If a customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transaction by increasing cash and decreasing accounts receivable.
The accounting equation is a fundamental accounting concept and a crucial part of the balance sheet. The calculation looks like this:
Assets = Liabilities + Shareholder’s Equity
This equation highlights the balance sheet's structure and lays the groundwork for double-entry accounting, also referred to as double-entry bookkeeping. In a double-entry accounting system, every transaction affects at least two accounts.
The balance sheet's foundation is the accounting equation. The statement of financial position and balance sheet are both financial statements. Assets, Liabilities, and Shareholder's Equity are the three main sections of the balance sheet, along with their various underlying components.
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Project relationship building activities include encouraging open communications and using shared learning. group of answer choices
a. true
b. false
(a) True, Project relationship-building activities include encouraging open communications and using shared learning.
What is open communication?Open conversations (or open access to communication resources) in the business refer to the capacity for anyone, on an equal footing with a transparent relationship between cost and pricing, to obtain access to and share communication resources on one level in order to provide value-added services on another level in a tiered communication system architecture. Simply put, open access plans aim to de-regulate the telecom industry's oligarchy in order to provide customers with more options for products, services, and carriers. Additionally, it will give the contentious net neutrality debate some breathing room.
Employees should be encouraged to voice their opinions and concerns, both positive and negative, without fear of management punishment if the input is unfavorable. This is the definition of true open communication.
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The cost of any required medical exams in the underwriting process is paid by the?
The cost of any required medical exams in the underwriting process is paid by the Insurer.
What is insurer?
The organization that disburses that compensation is the insurer. They are the organization that creates the insurance plan and establishes the conditions of the contract. Underwriter and insurer are frequently used interchangeably. Insurance companies are in charge of delivering on the promise made by an insurance policy to compensate the policyholder for a loss.
the company offering the insurance policies are responsible for payment of required for any medical examinations in the underwriting process.
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Current assets plus current liabilities equals net working capital. True or false
Answer: false
Explanation:
CA minus CL equals NWC
During the last couple of decades, it has become important for value-oriented marketers to ________ with customers. multiple choice
For value-oriented marketers, it has been crucial in recent years to shift away from a transactional focus on clients and toward a relational one.
When a brand engages with its audience based on shared values, it is said to be engaging in values-based marketing. It's an authentic, outward-looking strategy with the goal of improving the world. Values-based marketing aims to connect with its target audience on deeply held social and ethical issues in addition to what a company sells. Value marketing aims to generate the best potential benefit for both a consumer and a provider while being driven by authenticity.
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Many companies like zara use pos to capture information on what has sold, to whom and when. this use of technology to realize efficiencies supports which one of porter's value chain activities?
Which Porter value chain activity—Marketing & Sales—is supported by this use of technology to achieve efficiencies?
VALUE CHAIN: WHAT IS IT?
The value chain is a business management concept that was first introduced and made popular by Competitive Advantage: Creating and Sustaining Superior Performance, a 1985 best-seller by Michael Porter
Performance.
A value chain is a series of operations for a business engaged in a certain industry.
Products move sequentially through each chain activity, gaining value at each one.
some worth.
Compared to the independent parts combined together, the chain of activities increases the value of the products.
activity worth.
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The first step in the marketing research process that james took was to identify the problem. which step is his next move?
As the first step in the marketing research process that James took was to identify the problem, the next step of the marketing research process is setting objectives for the research.
What is a marketing research process?Basically, a marketing research refers to the the process of determining the viability of a new service or product through a research conducted directly with potential customers. The role of marketing research is to create, communicate and deliver a value to customers and for managing customer relationship in ways that benefit the organization and its stakeholders.
In conclusion, after James identify the problem, the next step of the marketing research process is setting objectives for the research.
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If the price of chicken increases and, as a result, you buy more pork and less chicken (even though the price of pork has not changed), then chicken and pork are:_____.
If the price of chicken increases and, as a result, you buy more pork and less chicken (even though the price of pork has not changed), Then chicken and pork are substitutes.
What is substitute?
A product or service that customers perceive to be substantially the same as or sufficiently comparable to another product is referred to as a substitute, or substitutable good, in economics and consumer theory. A product that can be used in lieu of another is known as a substitute.
So, as mentioned in question, Suppose you purchase more pork and less chicken as a result of rising chicken prices (even though the price of pork has not changed), Then chicken and pork are substitutes.
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Classifying items on the balance sheet as current and noncurrent assists financial statement users in assessing what aspects about a company?
The classification of items on the balance sheet as current and noncurrent assists the financial statement users in assessing the solvency & liquidity a company.
What is a solvency & liquidity?A solvency means a firm ability to meet long-term debts and continue operating into the future while the liquidity means the firm ability to pay short-term bills and debts and a company's capability to sell assets quickly to raise cash.
Therefore, the classification of items on the balance sheet as current assets (such as inventory, debtors, cash, bank) and noncurrent (land, machinery, building etc) assists the financial statement users in assessing the solvency & liquidity a company.
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The mutual fund industry is highly regulated. one of the areas regulated is that of making disclosures. an example of that is that mutual funds must provide reports to their shareholders on:___________
On Quarterly basis mutual funds provide reports to their shareholders as of making disclosures .
What is Mutual Fund ?
A mutual fund is an economic platform that consolidates funds from shareholders to invest in shares like stocks, bonds, money market instruments, and other assets. Professional money managers manage mutual funds, managing the assets and aiming to earn capital gains or income for the fund's investors. The profile of a mutual fund is arranged and maintained on a regular basis in accordance with the specified investment goals in the offer document.
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Which Learning Outcome domain accounts for almost 50% of the ITIL 4 Foundation exam?
Understand 7 ITIL practices Learning Outcome domain accounts for almost 50% of the ITIL 4 Foundation exam
This is further explained below.
What is the Learning Outcome domain?Generally, Knowledge, Skills, and Perceptions are the three pillars that make up the student's overall learning (values).
The areas of knowledge, ability, and attitudes that form the foundation for writing learning outcomes may be broken down into three categories, which are described below.
All of the learning objectives indicate either learning or the development of skills and attitudes in these areas.
In conclusion, Acquire knowledge of the seven ITIL practices Almost half of the points on the ITIL 4 Foundation test are devoted to the Learning Outcome domain.
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Which learning outcome domain accounts for almost 50 of the itil 4 foundation exam?
Recognizing seven ITIL guidelines accounts for almost 50 of the ITIL 4 foundation exam.
What is ITIL?The Information Technology Infrastructure Library is a collection of specific procedures for IT tasks including IT asset and service management that put the needs of businesses first.The Central Computer and Telecommunications Agency (CCTA) of the British government first adopted the acronym in the 1980s when it printed and disseminated dozens of best practices in IT service management.ITIL certificates show that you are knowledgeable about the best practices for service management and have a working knowledge of the procedures, jargon, and techniques used in contemporary IT. Professionals with ITIL certification are in high demand since they have the abilities to expand and change the business.Learn more about IITL here:
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Confirmation and reflectionkaggle's datasets and data explorer allow you to do which tasks?
It allows you to search for asses, upload datasets, conduct research, complete data projects, and share your accomplishments with others in data science community.
Describe datasets?A sets of data are referred to as datasets. Usually, this set is displayed in a tabular format. A specific variable is described in each column. Furthermore, according to the specified query, each row refers to a specific component of the data set. Data management includes this. The values of each variable for unknowable things, such as the height, weight, temperature, volume, etc., of an object or the values of random numbers, are described in data sets. A datum is the name given to the values in this set. The set of data includes information for one or more members that correspond to each row.
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If an analyst studies how a business determines the prices of its goods or services, then she is studying the field of economics known as:______
If an analyst studies how a business determines the prices of its goods and services, then she is studying the field of economics known as Macro economics.
Macroeconomics is a branch of economics is a branch of economics which studies the aggregate of all or overall study of the economy. The market and the business which operates on large scale. Macro economics study the overall economy including inflation in the economy, price level, rate of economic growth, gross domestic production (GDP) , changes in unemployment level and national income.
Macroeconomics deals with the performance, structure, and behavior of the over all economy, in compare to microeconomics, which is more focused on the choices made by individuals.
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In order to be considered a legal owner of a public company, a person or organization must _____
In order to be considered as a legal owner of a public company, a person or an organization must hold or own at least one stock of such public company.
What is the significance of a legal owner?A legal owner can be referred to or considered as a person who is the owner of a property, whether movable or immovable, in the eyes of the laws. A legal owner is better than any other owner for having the right to own, possess, and sell such property.
In case of a public company, a legal owner will be someone who owns the stock of such company, irrespective of the quantity of stocks held by such owner.
Therefore, the significance regarding a legal owner has been aforementioned.
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Occupational safety and health administration (osha) violations are categorized into three types: willful, intentional, and non-intentional. a. true b. false
Occupational safety and health administration (osha) violations are categorized into three types: willful, intentional, and non-intentional-FALSE
By establishing and enforcing standards, as well as by offering outreach, information, and help, the Occupational Safety and Health Administration (OSHA) ensures safe and healthy working conditions.Occupational Safety and Health (OSHA) deals with all aspects of health and safety in the workplace and has a strong focus on primary prevention of hazards. Its goal is to prevent accidents and harm to people from work-related activities.Every company has safety concerns that, if not properly handled, might have an effect on its personnel. Occupational safety refers to certain specific kinds of safety concerns. Occupational safety covers all facets of occupational health and safety, including social, mental, and physical factors.To know more about Occupational Safety and Health visit:
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Assume the materials cost to produce 1,000 units was $390,000. what would the materials cost be per unit and in total to produce 2,000 units?
The cost per unit is $390.
The total cost of producing 2,000 units is $780,000.
What is the total cost?The cost per unit is known as the average cost of production. In order to determine average cost, divide the total cost by the total unit produced.
Average cost = total cost / total unit
$390,000 /1000 = $390
The total cost of producing 2000 units = average cost x number of units
$390 x 2000 = $780,000
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Accrued expenses are expenses incurred that are not yet paid or recorded. An adjusting entry made to record an accrued expense.
Accrued expenses are defined as unpaid or unrecorded charges. An adjusting entry is one that, by documenting an expense incurred, decreases income and increases liabilities.
An expense that has accrued before it has been paid is referred to as an expense and is sometimes referred to as an accrued liability. An estimated cost can differ from the supplier's invoice, which will show up later. When expenses are actually incurred, they are recorded as incurred rather than as paid in accordance with the accrual method of accounting.
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Big business competes based on mass production and, thus, lower prices. small business can compete based on ______.
The big business competes based on mass production and, thus, lower prices. small businesses can compete based on personalized services and products
This is further explained below.
What is business?Generally, A person may earn a livelihood or make money via the practice of running a business, which entails the production of goods as well as their purchase and sale.
Additionally, it refers to "any activity or business undertaken with the purpose of generating a profit."
Production of considerable quantities of standardized goods in a continuous flow is the definition of mass production, which is sometimes referred to as flow production or continuous manufacturing.
This kind of production often takes place on assembly lines.
In conclusion, large corporations compete with one another via mass manufacturing and, as a result, reduced pricing.
Personalization of services and goods is an area in which smaller companies may compete successfully.
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What is the future value of this investment at the end of year five if 5.34 percent per year is the appropriate interest (discount) rate?
The future value of this investment at the end of year five if 5.34 percent per year is the appropriate interest (discount) rate:-
We use the formula:
A=P(1+r/100)^n
where
A=future value
P=present value
r=rate of interest
n=time period
A=2080*(1.17)^4+3427*(1.17)^3+646*(1.17)^2+3720*(1.17)+908
=$15531.12.
How do you determine an investment's future value?The formula for future value
In mathematic terms, the formula is: future value = present value x (1 + interest rate)n
The superscript n in this formula denotes the number of interest-compounding periods that will take place during the period you are calculating for. FV=PV(1+i)n
FV = $1,000 x (1 + 0.1)5
How is annual compound future value calculated?A = P (1+r/m) mt.
It is necessary to compute A, or the investment's future worth.
P (Initial Investment Value) = $5,000.
The rate of return, or r, is 10% yearly compounded.
m (the number of annual compounding cycles) = 1.
Three years are the number of years for which the investment is made, or t.
What is the formula for present and future value?Relevant Lessons
The formula for calculating present value is PV = FV/(1 + I n, where PV stands for present value, FV for future value, I for the decimalized interest rate, and n for the number of periods.
FV = PV (1 + i)n is the formula for future value.
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Consider a world of just two individuals, gonzalo and leila, who each need two goods to survive, apples and wheat. they differ in how productive they are in growing apples and wheat:_________-
Leila has a comparative advantage in producing wheat if a world of just two individuals, Gonzalo and Leila, who each need two goods to survive, apples and wheat.
How wheat is produced?Depending on the weather in a place, wheat is sown at various times. While some grow them in the winter, others do so in the fall. The seeds are planted using a device known as a grain drill once the soil is prepared. Wheat develops in phases. The wheat can initially resemble grass since it is green. Then, as it dries, it gets taller and turns a golden brown color.
Gathering and Keeping:
When wheat will be harvested will depend on the type of wheat grown and when it is sown. Others are harvested in the fall, while some are gathered in the summer.
When the wheat plant reaches its mature stage, meaning it is sufficiently dry and has finished.
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The payment of utilities for the period would have what effect on the accounting equation?
The payment of utilities for the period would have what effect on the accounting equation is Assets decrease; owners' equity decreases
What is Accounting Equation
The accounting equation demonstrates that the total assets of a corporation equal the sum of its obligations and shareholders' equity (assets = liabilities + equity). The basis of double-entry accounting is the distinct relationship between a company's liabilities, assets, and equity. The balance sheet of a firm serves as the data source for its accounting equations. Owner's equity, shareholder equity, or stockholder equity are all examples of equity. The fundamental accounting equation can be solved for if the first two terms are known, just as other equations. For example, total assets minus total equity equals total liabilities, or total assets minus total liabilities equals total equity A term is shifted from the right side to the left side of the accounting equation by using a negative sign.
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A metric is a ______ that quantifies a trend, dynamic, or characteristic.
a. marketing plan
b. product or service
c. promotional plan
d. measuring system
A metric is a measuring system that quantifies a trend, dynamic, or characteristic. Thus, the correct option is D). Measuring system.
What is the significance of measuring system?Measuring system refers to the system that is used in the process of associating numbers with physical quantities and phenomena.
A system of measurement is a historical method of collection of units of measurement and rules relating them to each other.
Basically, the main purpose of the measuring system is to ensure that all those involved in manufacturing are skilled in measuring.
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Ou are considering a savings bond that will pay in years. if the interest rate is , what should you pay today for the bond?
A bond is a sort of security used in finance where the issuer owes the holder a debt and is required, depending on the terms, to repay the principal and interest on the bond at the maturity date.
What is Bond?
In exchange for regular interest payments, a bondholder loans money to a business or the government for a predetermined length of time. When the bond matures, the bond's issuer pays the investor their money back. A bond is a sort of security used in finance where the issuer owes the holder a debt and is required, depending on the terms, to repay the principal and interest on the bond at the maturity date.
Bonds can be classified into five categories: corporate, municipal, agency, savings, and Treasury. Each sort of bond has its own vendors, goals, purchasers, and risk-to-return ratios. Bond-based instruments, such as bond mutual funds, can also be purchased if you want to profit from bonds.
One of the key components of the American economic system is interest rates. They have an impact on borrowing costs, savings yields, and are a significant contributor to the overall return on many assets. Additionally, certain interest rates offer information about upcoming economic and financial market activities.
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A list of all accounts used by a company, and the identification number assigned to each account, is called a:_________
A list of all accounts used by a company, and the identification number assigned to each account, is called a chart of accounts.
What is a chart of accounts?This is the term that is used to refer to the list of all of the financial accounts that has been set up by the accountant that is for an organization that has all of the recordings of the transactions that occur in the general ledger of the company.
Hence we can say in conclusion that a list of all accounts used by a company, and the identification number assigned to each account, is called a chart of accounts.
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After conducting market research, the next step in developing a marketing plan is to:______.
After conducting marketing research , the subsequent step in developing a marketing plan is to selecting a target market .
What is Target Market ?
A target market may be a particular group of people with common traits to whom a company offers its goods or services. Target markets assist businesses fully comprehend their potential clients in order that they may develop marketing strategies that support their commercial and marketing goals.
The four primary categories of market segmentation are thought to be geographic, psycho-graphic, behavioral, and demographic; however, there are many other tactics you'll employ, also as countless variants on the four primary types. Here are another strategies you might want to consider.
Who is target consumer ?A target consumer is someone who will presumably purchase your product. Additionally, it's a segment of the larger target market. as an example , if female athletes between the ages of 13 and 25 structure your target market, female athletes between the ages of 13 and 16 could be your ideal target consumer.
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In post-trade equilibrium with = = $20, the wage of workers in relative to the wage of workers in will be equal to?
In post-trade equilibrium with Pc = Pw = $20, the wage of workers in relative to the wage of workers in will be equal to 2.5 .
What is post-trade equilibrium ?
When the production and consumption sectors of a closed economy are both in balance, the general equilibrium is determined. In the consumer sector, equilibrium occurs when the marginal rate of substitution of one item, say X, for another commodity, say Y, equals the price ratio of those two commodities (MRSxy = Px/Py). When the marginal rate of transformation between these two commodities equals their price ratio (MRTxy = Px/Py), the production sector can reach equilibrium.
MRSXy = MRTXy = PXPy
The consumption and production equilibrium conditions are not accidental in an open economic system, but international trade causes changes between production and demand in each trading nation. The value of exports becomes exactly equal to the value of imports in the final equilibrium problem.
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Complete Question :
In post-trade equilibrium with Pc = Pw = $20, the wage of workers in relative to the wage of workers in will be equal to?
Christopher is self-employed and reports all of his business-related income and expenses on his personal tax return. this is an example of:_____.
a. a proprietorship
b. a corporation
c. an llp/llc
d. a partnership
Correct option is A. Christopher is self-employed and reports all of his business-related income and expenses on his personal tax return. this is an example of a proprietorship.
What is meant by sole proprietorship?A sole proprietorship is a type of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship. A solitary proprietor may hire employees in addition to doing their own business .
The lone proprietor is solely responsible for all losses and obligations and receives all gains (subject to business-specific taxes). The owner of the firm is the owner of all of the company's assets and is also responsible for all of the company's debts. In contrast to a partnership, which has at least two owners, it is a "single" proprietorship.
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importantance of business
Answer:
Business is the source of employment. It creates employment opportunities for a large number of people in any country. Various types of employees are required both in management and technical jobs of business. The development of industry and commerce is helping to solve the employment problems of the nation.
Business improves the quality of life in two ways. Firstly, it provides high-quality goods and service to the people required for their enjoyment, comfort, and health. Secondly, a business offers employment opportunities to the people by which they can generate income and improve the quality of life.
Businesses help the society first through the distribution of goods and services which are essential for survival. Furthermore, they create employment opportunities that help individuals within the society earn an income to afford their needs.
Explanation:
The section of the business plan that is designed to initially captivate and energize a potential financial investor would be the.
The section of the business plan that is designed to initially captivate and energize a potential financial investor would be the Executive summary.
A chief outline is a short report or segment of a record delivered for business purposes. It sums up a more drawn out report or proposition or a gathering of related reports so that perusers can quickly get to know a huge collection of material without perusing everything.5 Significant Pieces of a Chief SynopsisProject Outline. Foundation.Process.Results and Ends.SuggestionTo learn more about Executive summary, click the links.
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In an external information search process, the extent to which a stimulus or task is relevant to a consumer's existing need determines the:_____.
In an external information search process, the extent to which a stimulus or task is relevant to a consumer's existing need determines the Level of Involvement
How interested a consumer is in purchasing and enjoying a product determines the amount of participation of that consumer. Low-involvement items are typically affordable and present little risk to the customer if that person chooses them incorrectly.What does "degree of engagement" mean?What is Involvement Level?
Level of participation refers to how much information is processed and how much value a buyer places on a product at the time of purchase. In other words, it demonstrates how invested a consumer is in a product on a personal, social, and financial level.To Learn more about Level of Involvement of a customer, Click the links.
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