A company's cash account contains total debit entries totaling $27,500 and total credit entries totaling $24,900 in its first month of operations. The cash account has a debit balance of $2,600 at the end of the month.
All of a company's accounts are initially balance-free. During the first month of operation, this company has debit entries for cash totaling $27,500 and credits totaling $24,900 in its cash account. Cash balances in asset accounts rise when debits are made, while credits fall when credits are made. At the conclusion of the period, the cash account will have a $2,600 debit balance (i.e., $27,500 dr. $24,900 cr. = $2,600 dr.; an account has a debit balance when its debits exceed its credits).Any securities transactions involving a cash account with a brokerage firm must be paid for in full using funds in the account at the time of the settlement.
The complete question is :
In its first month of operations, a company's cash account has total debit entries amounting to $27,500 and total credit entries amounting to $24,900. At the end of the month, the cash account has a
a. $2,600 debit balance
b. $2,600 credit balance
c. $$27,500 debit balance
d. $52,400 debit balance
e. $0 balance
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The company has sales of $10,000,000, total assets of $2,400,000, stockholders' equity of $2,000,000, and net income of $500,000. calculate the company's profit margin.
The company's profit margin is 5.00%
What is profit margin of the company?
The profit margin of the company is net income as a percentage of its sales revenue, in other words, the portion of sales revenue that is achieved as profit for the company overall.
The profit margin is determined as the net income divided by the sales revenue, hence, the profit margin is as computed below:
company's profit margin=net income/sales
net income=$500,000
sales=$10,000,000
company's profit margin=$500,000/$10,000,000
company's profit margin=5.00%
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A decision to consume more of one good necessarily involves a decision to consume less of another good. the benefits of the highest-valued good foregone represent:_____.
A decision to consume more of one good necessarily involves a decision to consume less of another good. the benefits of the highest-valued good foregone represent Opportunity Cost.
What does Opportunity cost implies?Opportunity cost is the benefit lost when one option is chosen over another. The idea is helpful just as a suggestion to look at all sensible options prior to going with a choice.
The term is generally applied to the choice to exhaust supports now, as opposed to money management the assets until a later date. Models are: Take some time off now, or set aside the cash and put it in a house.
Set off for college currently, in order to create an enormous return from the professional education quite a long while later on. Pay down obligation now, or utilize the cash to purchase new resources that could be utilized to create extra benefits.
Therefore It is not difficult to erroneously incorporate or prohibit costs in an opportunity cost examination.
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Galaxy corporation issues 500 shares of $1 par value common stock for $5,000. what is the total effect on owners' equity
Answer: Increases $5,000
Explanation:
"corporate in-fighting," "management power struggles," "maneuvering and politics and power grabbing," and "machiavellian intrigues" are all phrases h. Ross perot uses to describe.
"corporate in-fighting," "management power struggles," "maneuvering and politics and power grabbing," and "machiavellian intrigues" are all phrases h. Ross Perot uses this to describe the reality of corporate life.
This is further explained below.
What is corporate life?Generally, The phases of expansion and development that practically every corporation goes through may be summed up under the term "corporate life cycle."
This cycle begins with the founding of the organization and continues until its demise, which can occur in a number of different ways. The following are the four phases that make up a business's life cycle: Startup stage. Phases of growth and being established
In conclusion, J. Ross Perot employs a number of different terms to characterize the realities of life in corporate America. Some of these expressions include "corporate in-fighting," "management power battles," "maneuvering and politics and power grabbing," and "machiavellian intrigues."
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If a company receives $11,400 from a client for services provided, the effect on the accounting equation would be:_________
If a company acquires $11,400 from a client for assistance provided, the effect on the accounting equation would be: growth in assets and equity
What is an accounting equation?The accounting equation displays that all assets of a company are financed from equity and liabilities, and total assets are identical as the sum of equity and liabilities
assets=equity+ liabilities
A receipt of $11,400 for assistance provided would impact assets, in that cash would rise, which means assets would increase by $11,400 also on the assumption that such services were provided for cash, the sales income which flows into equity would also improve.
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A stock sold at $32 per share in 2006. by 2016 the price per share was $65. what was the annual rate of increase for the stock?
The annual rate of increase for the stock was 3.3
Whenever we are given two independent and two dependent variables and we need to find the change between them, we are required to find the slope.
So, according to the given information, we have
Independent variables = time
So,
X1 = 2006
X2 = 2016
Dependent variables = stocks
Y1 = $32
Y2 = $65
Solution
From the equation of slope or the rate of change, we know
Rate of change/increase of stock = Y2-Y1/X2-X1
Putting the values in equation, we get
Rate of increase of stocks = 65-32/2016-2006
= 33/ 10 = 3.3
So, we can say that the rate of annual increase of stocks was 3.3.
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When interest rates increase, the opportunity cost of holding money will ________, and the quantity of money demanded by households and firms will ________.
'When interest rates increase, the opportunity cost of holding money will decrease and the quantity of money demanded by households and firms will increase.
In microeconomic theory, the opportunity cost of a particular activity is the value or benefit given up by engaging in that activity compared to engaging in an alternative activity. Simply put, once you have decided on an activity, you give up the possibility of choosing another option.
Opportunity Cost Law: Increasing the production of one good increases the opportunity cost of producing additional goods. First, remember that opportunity cost is the value of the next best option when making a decision. it is something to give up.
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Purchasing an insurance policy is an example of the ____________ risk management strategy.
a. reduce
b. avoid
c. transfer
d. accept
Purchasing an insurance policy is an example of the transfer risk management strategy
Risk transfer refers to that risk management technique in which the risk is transferred to any third party. In other and simple words risk transfer involves one party which assumes the liabilities of another party. Purchasing insurance is a common example of transferring risk from any individual or any entity to an insurance company.
Risk transfer is also a common risk management technique where the potential loss arising from any adverse outcome faced by an individual and entity is shifted to a third party.
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Multiple choice question in a swot analysis, ______ refer to the positive internal attributes of the firm. multiple choice question. strengths weaknesses opportunities threats
In a SWOT analysis, strengths refer to the positive internal attributes of the firm.
What is SWOT analysis ?
SWOT analysis (strengths, weaknesses, opportunities, and threats) is a framework for evaluating a company's competitive position and developing strategic plans. SWOT analysis evaluates internal and external elements, as well as present and possible future opportunities.
SWOT analysis is a technique for strategic planning that gives assessment tools.The identification of essential strengths, weaknesses, opportunities, and threats leads to fact-based analysis, new views, and new ideas.A SWOT analysis gathers information from both internal sources (the individual company's strengths and weaknesses) and external variables that may have unpredictable effects on decisions (opportunities and threats).When diverse groups or voices inside an organization are free to present realistic data points rather than predefined messaging, SWOT analysis works best.The results of a SWOT analysis are frequently synthesized to support a specific goal or decision that a corporation is facing.To learn more about SWOT analysis
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The basis of strategic position through serving few needs of many customers is known as:_____.
Strategy is the basis of a strategic position by serving only a few needs of many customers.
When there is a creation of a unique & valuable position it is called strategy. This strategic position can be developed through three sources. The first one is many customers and few needs. The second one is by having few customers and broad needs. The third one is by having many customers and broad needs.
A type of competing for the strategic position in strategy is known as Trade-Offs competing. The trade-Off competition requires the company to focus only on a few compatible strategies. Under this method, the company will not follow more strategies that are general but focus its attention only on a strategy that is specific. So the company will try to implement a system that is independent and different and reinforces each of its activities.
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Samanthat has been invited interview that will be conducted in a behaviroal format she is changing career fields so she has?
It is important to write down some quick notes in large font (not exact phrases) to help you remember the sequence and subject of your ideas. Because a poor delivery of a good speech might dull, perplex, or incite mistrust in the listeners.
What's a good way to get feedback if you have trouble speaking with flat tone, rambling, or fillers? Leave a voicemail for yourself and listen to it to assess your voice. Prepare potential responses in advance. Be prepared to discuss your speech's more technical points. Ask your friends and coworkers to comment on and quiz you on your speaking.
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If the total surplus in a market with no government intervention is $500 and consumer surplus is $200, producer surplus is ____
Based on the total surplus with no government intervention in the market and consumer surplus, the producer surplus is $300.
What is the producer surplus?The producer surplus can be found by using the total surplus formula:
Total surplus = Consumer surplus + Producer surplus
We can then solve for producer surplus as:
500 = 200 + Producer Surplus
Producer Surplus = 500 - 200
Producer Surplus = $300
In conclusion, the Producer Surplus is $300.
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Jon is using _______ when he bases his decision to purchase textbooks on price, condition, and location. multiple choice question.
Jon is using evaluative criteria when he bases his decision to purchase textbooks on price, condition, and location. Thus the correct option is B.
What is the Price?A price is referred to as an amount paid by an individual on the purchase of any product. This price of a product is based on the factors like cost of production, packaging, promotion, and so on.
Evaluative criteria are referred to as a technique in which a decision or judgment is taken based on the factors of evaluation. In this case, John is taking a decision based on factors like price, condition, and location to purchase a textbook.
Therefore, option B evaluative criteria are appropriate.
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The complete question is
Jon is using __________ when he bases his decision to purchase textbooks on price, condition, and location.
A. determinant attributes
B. evaluative criteria
C. habitual buying
D. personal preferences
____ can arise from the estimation process or the stability of the project team.
Internal risks can arise from the estimation process or the stability of the project team.
What are Business risks?A company's exposure to risk could ultimately result in decreased sales, revenues, and financial losses. Every day, businesses encounter risks related to doing business in the sector or industry in which they operate.
Although each element that hinders a corporation from operating efficiently or from accomplishing its financial objectives constitutes a business risk, it might be useful to classify them when creating a risk management strategy. No strategy can eliminate risk, but with careful planning, businesses may identify hazards and take the required action. External risks and internal risks in the business world are the two main categories.
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Cash typically is the first current asset reported on the balance sheet because it is:
Cash typically is the first current asset reported on the balance sheet because it is: The most liquid asset.
What is cash?Cash can defined as the money a person has in their possession or the money a person as inn their hand or at bank which is why cash under current assets includes cash at hand and cash at bank.
Cash is often record or report first under current asset when preparing a company balance sheet or financial position because cash is a liquid assets that can be access quickly and it allow you pay for the expenses incurred.
Therefore Cash typically is the first current asset reported on the balance sheet because it is: The most liquid asset.
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A(n) ________ is a large group of software products that helps manage digital content in collaborative environments.
A(n) content management system is a large group of software products that helps manage digital content in collaborative environments. content management system.
What is content management system?Software used to control the generation and alteration of digital material is known as a content management system (CMS) (content management). ECM (Enterprise Content Management) and Web content management are two common uses for a CMS (WCM).
Document management, digital asset management, and record retention are frequently combined to serve numerous users in a collaborative setting.
As an alternative, WCM is the process of collaboratively creating websites, which can include text as well as embedded images, videos, audio, maps, and program code that interacts with users and displays content. Usually, a WCM function is part of ECM.
A content management application (CMA), which serves as the front-end user interface for a CMS, allows users to add, edit, and remove material from websites even with a minimum level of technical knowledge.
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why are patience and perseverance necessary for success
Mobile shoppers also use barcode scanning apps as a mobile search engine for locating product reviews and price comparisons while shopping in stores. this practice is called ________.
While shopping in shops, mobile customers utilise barcode scanning applications as a mobile search engine to get product reviews and pricing comparisons. This method is known as Showrooming
Showrooming is the activity of looking at products at a physical store or other offline location and subsequently purchasing them online, sometimes at a lesser cost. Because they do not have the same overhead costs as brick and mortar establishments, online retailers frequently offer lower prices.What does showroom conduct entail?We suggest that showrooming behaviour, which involves a customer visiting a physical store to try things before placing an order at an online retailer, can assist to lessen the product, procedural, and psychological concerns related to making a straight online purchase (Rapp et al., 2015).to learn more about Showrooming click the links
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The capability of corporations to influence government, the economy, and society, based on their organizational resources is called:__________
CSR aids in enhancing a number of societal facets as well as enhancing the reputation of businesses.
What Is Corporate Social Responsibility (CSR)?
Corporate responsibility programs are also a wonderful method to increase morale in the workplace. Environmental effects, moral duty, charitable work, and financial obligations are the four main subcategories of CSR.
Corporate social responsibility (CSR) is a self-policing corporate strategy that enables an organization to be socially accountable to its customers, employees, and stakeholders. Companies can be aware of their impact on the economic, social, and environmental aspects of society by engaging in corporate social responsibility, often known as corporate citizenship. When a firm practices corporate social responsibility (CSR), it means that it operates in a way that benefits society and the environment rather than detracting from it.
Corporate social responsibility is a business strategy that encourages businesses to work in ways that benefit society and the environment rather than harming them.
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Calculate the bond equivalent yield and effective annual return on fed funds that are 6 days from maturity and have a quoted yield of 0.19 percent.
Calculate the bond equal yield and powerful annual return on the fed funds range that are 6 days from adulthood and have a quoted yield of zero.19 percent.
Nominal bond equivalent yield= Return*(365/360)
= 0.0019*(365/360)
= 0.001926389
= 0.1926%
Effective annual return= (1+(0.001926)/(365/6))^(365/6)-1
= 0.001927825
= 0.1928%
The fed funds, often called the fed budget, are extra reserves that commercial banks and other financial institutions deposit at regional Federal Reserve banks; these price ranges may be lent, then, to other market individuals with insufficient cash reachable to satisfy their lending and reserve desires.
By means of growing the fed funds charge, the Federal Reserve is efficaciously attempting to shrink the supply of cash to be had for making purchases. This, in turn, makes cash more pricey to reap. Conversely, whilst the Federal Reserve decreases the federal fund's charge, it increases the money delivery.
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What will be the future value of $500 at the end of five years, if the annualized interest rate is 12 nd the frequency of compounding is monthly?
Formula for FV = PV(1+r/n)^nt
where PV = present value
r = annual rate of interest
n = frequency of compounding in a year
t = time in years
∴ Here, FV = $500(1+0.12/12)^12*5
FV = $908.34
What is Future Value?Future value (FV) is the value of an asset now based on an anticipated rate of increase in the future. Investors and financial planners use the future value to project how much an investment made now will be worth in the future. Investors can choose wisely based on their anticipated demands when they have knowledge of the future value. External economic forces, such as inflation, can hurt the asset's future worth by depreciating it, though.
Investors can anticipate the potential profit from various investments using the future value computation, however, the level of accuracy varies. The future value equation is used to assess various possibilities since retaining a given amount in cash will probably provide a different level of growth than investing the same amount in equities.
Depending on the asset's kind, figuring out its future worth can be challenging. A steady growth rate is also assumed for the estimation of future value. It is simple to calculate the future worth precisely if money is put into a savings account with a guaranteed interest rate.
Therefore, Investments in stocks or other securities with a more erratic rate of return, however, might be more challenging.
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If the fed lowers the reserve requirement:____.
a. fewer people get credit.
b. banks lose business.
c. more money is available to loan.
d. less money is available in the market.
So, correct option for your question is C. more money is available to loan
When the Federal Reserve cuts the reserve ratio, it lowers the amount of cash that banks are required to store in reserves, allowing them to make more loans to individuals and companies. This increases the nation's money supply and expands the economy.
Reserve Requirements:
Based on a portion of the cash that customers have on hand, banks lend them money. In exchange for this power, the government imposes one requirement on them: maintain a minimum balance of deposits to cover potential withdrawals. The reserve requirement is the amount that banks must hold in reserve and are not permitted to lend above. Both the requirement and the interest rate that banks are paid on excess reserves are established by the Board of Governors of the Federal Reserve. The Federal Reserve is authorised to pay interest on excess reserves under the Financial Services Regulatory Relief Act of 2006. The start date for interest payments to banks was October 1, 2011. As a stand-in for the federal funds rate, this interest rate is known as the interest rate on excess reserves.
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Which hypothesis of mechanism of coral boring was supported by the investigation?
The hypothesis of mechanism of coral boring was supported by the investigation is Acid secretion.
What is Acid secretion?Acid secretion serves as a mechanism that is been initiated by food, however this could come from taste of food effects vagal stimulation which could occur from the gastrin-secreting G cells.
This can be found in the distal one third (antrum) of the stomach, The hypothesis of mechanism of coral boring was supported by the investigation is Acid secretion.
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Is the process of calculating the present value of a cash flow or a series of cash flows to be received in the future.
Discounting is the process of determining the present value of a cash flow or series of cash flows to be received or paid in the future.
What is cash flow?
Cash flow refers to the net change in cash and cash equivalents coming into and leaving a business. Inflows and outflows are represented by money received and spent, accordingly.
Finding the present value of a payment or stream of payments that will be received in the future is the process of discounting. A dollar is worth more today than it would be tomorrow due to the time value of money. The main variable got utilized to price or amount a stream of future cash flows is discounting.
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A manager's use of conceptual and decision skills ______ with greater responsibility.
A manager's use of conceptual skills and decision skills Increases with greater responsibility.
What does conceptual thought entail?When a new project comes your way, you won't be the type to roll up your sleeves and dive into duties or begin delegating responsibilities because conceptual thinking prevents you from doing these things. Before beginning the project, you prefer to take a step back and envision or theorize it.
Your quest to comprehend the "why" underlying each project is strong. Justification for your actions Describe the project's motivation. Will it have an effect? Your work will be better contextualized if you have a firm understanding of the big picture, and you'll become more adept at presenting to different audiences. You can present information in a targeted, personalized manner by determining what information is most pertinent to them.
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Carlo receives a paycheck every other friday for the same amount. carlos receives ________.
Carlo receives a paycheck every other Friday for the same amount. carlos receives Salary.
What is a Remuneration?An employee's overall compensation is known as their remuneration. It covers not just the base income but also any bonuses, commissions, overtime pay, or other financial perks that an employee receives from their firm.
The compensation for employees may or may not include a perk from their job. Although they are benefits, an on-site gym and a generous vacation policy are not compensation for employees. Direct cash payments or taxable fringe perks, like the use of a working automobile for personal travel, are both acceptable forms of compensation.
Salary or wages are the most popular kind of compensation. Bonuses awarded for achievements, special occasions, or other factors may be added to these. A commission on an employee's sales or a proportion of the total amount sold is sometimes offered in sales positions. Some of these commissioned jobs come with basic pay, while others are commission-only jobs.
Thus, remuneration is a good motivator for employees.
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Img world provides college students with new, relevant media, making which stage of the consumer buyer behavior process easier for the consumer?
Img world provides college students with new, relevant media, making Information search stage of the consumer buyer behavior process easier for the consumer
consumer decision-making processConsumer decision-making can appear complicated, but all buyers follow the same fundamental stages to choose the goods and services that will best meet their needs.
Whether purchasing something, especially when it's something substantial like a car, consider your own thought process. Before choosing what to buy, you take into account your needs, do some research, and weigh your possibilities. You frequently question your decision after the fact.
Put yourself in the customer's shoes and review the steps in the consumer decision-making process if you work in sales or marketing to maximize your influence.
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A ____ economic indicator tends to rise or fall a few months after business-cycle expansions and contractions
A Lagging economic indicator tends to rise or fall a few months after business-cycle expansions and contractions.
What is a lagging economic indicator?An observable or quantifiable quantity that varies some time after the economic, financial, or business variable with which it is connected changes is known as a lagging indicator. Trends and shifts in trends are confirmed by lagging indicators.
Lagging indications are helpful for determining the direction of the overall economy, for corporate operations and strategy, and as signals to purchase or sell assets on the financial markets.
A financial sign known as a trailing indicator appears after a significant shift has already occurred. Lagging indicators thus validate long-term trends but do not foretell them. This is important because a lot of leading indicators are frequently unstable, and short-term swings in them can hide turning moments or produce false signals.
Checking lagging indicators is one technique to determine whether an economic shift has truly taken place.
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On payday, employers can designate their banks to electronically transfer funds from the business checking account to the employees' checking account. this represents an example of a(n)?
On payday, employers can designate their banks to electronically transfer funds from the business checking account to the employees' checking account .This represents an example of a direct deposit.
What is direct deposit?Direct deposit is the phrase used to describe the electronic deposit of money into a bank account as opposed to a physical, paper cheque. In order for deposits to be made between banks, direct deposit requires the usage of an electronic network.
The Automated Clearing House is the name given to this network (ACH). There is no need to wait for the money to clear because electronic cash transfers automatically credit recipients' accounts. Paychecks, tax refunds, and other perks are frequently deposited using direct deposit.A secure and practical method of payment is direct deposit.
Through an electronic network, funds are directly deposited into the account of the beneficiary. The recipient must give the person or company making the deposit the name of their bank, their account number, and the bank's routing number in order for the monies to be transferred from the payer. Alternately, they might give you a void check with the same details written on it.
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It is a good idea to have your entire day scheduled with no down time. True or false
False, it is never a good idea to have our entire day scheduled with no downtime.
When we are deciding on the program for the entire day we are deciding about our future. The future is always uncertain no matter how much a person plans for it. There will always be some circumstances that the person has not thought of before or not planned. These circumstances that are not thought of before are only called emergencies.
Maybe we can try to schedule our entire day but our day is also dependent on others. For example, Let's say we plan to leave our house and reach our college at 9.00. On the road to our college, there is the Chief Minister who is crossing. So we will be halted and we cannot reach the college on time. This is the reason why downtime is necessary.
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