In the closing procedure, expenses and dividends are zeroed out by crediting each account, and incomes are zeroed out by debiting each account.
What is the objective of the closing process?One purpose of closing admissions is to communicate net income or net loss for the period to Retained Earnings. A second objective is to "zero out" all temporary accounts (revenue accounts, expense accounts, and Dividends) so that they begin each new period with a zero balance.
The statement of cash flows must be prepared last because it takes data from all three previously prepared financial statements.
To learn more about the closing procedure visit the link
https://brainly.com/question/13171423
#SPJ4
Interest income from treasury securities is ________________, and interest income from municipal bonds is always ________________.
Interest income from treasury securities exists taxable at federal level only , and interest income from municipal bonds stands always exempt from federal taxes.
What is Federal tax?State income taxes are gathered by the particular state(s) where a taxpayer resides and derives income, whereas federal income taxes are gathered by the federal government. Federal income taxes are collected by the federal government to cover its expenses, whereas state taxes are collected by individual state governments to cover their particular state obligations.
The U.S. Department of the Treasury issues debt obligations under the name "Treasury securities," which includes Treasury bills, notes, and bonds. Because they are backed by the full faith and credit of the United States government, Treasury securities are among the safest investments. The United States Department of the Treasury issues United States Treasury securities, often known as Treasuries or Treasurys, to support government spending as an alternative to taxation.
Hence, Interest income from treasury securities exists taxable at federal level only , and interest income from municipal bonds stands always exempt from federal taxes.
To learn more about Federal tax refer to:
https://brainly.com/question/25783927
#SPJ4
If your job at the company is to improve existing products, you are probably using the ________ strategy.
If your job at the company is to improve existing products, you are probably using the development strategy.
What is the development strategy?This is the term that is used to do with the actions that would involve the research and the identification of the strategic options in the business. It has to help in such a way that it would provide the resources that would help in the achievement of objectives.
Hence we can say that If your job at the company is to improve existing products, you are probably using the development strategy.
Read more on development strategy here: https://brainly.com/question/27801561
#SPJ1
What are components of the network effect in social media engagement? (choose every correct answer.)
The components of the network effect in social media engagement are
Social media are used by marketers and customers to share many kinds of information.Social media can be an important component of an integrated marketing communications strategy.Social media facilitate interpersonal interactions.Option D is correct All of the above
This is further explained below.
What is social media?Generally, The term "social media" refers to a group of interactive technologies that, via the use of online communities and networks, make it easier for people to create and share information, ideas, hobbies, and other kinds of expression.
The term "information" is used to refer to anything in the abstract that has the capacity to inform.
When broken down to its most elemental components, information refers to the decoding of what may be seen.
In conclusion, The multiplicative effect of having individuals exchange information with others with whom they are connected through social media.
The lightning-fast rate at which information may be disseminated via social media.
Read more about social media.
https://brainly.com/question/18958181
#SPJ1
CQ
What are the components of the network effect in social media engagement? (choose every correct answer.)
Social media are used by marketers and customers to share many kinds of information.Social media can be important components of an integrated marketing communications strategy.Social media facilitate interpersonal interactions.All of the aboveWhat annual percent growth rate is equivalent to a continuous percent growth rate of ? round your answer to two decimal places. the corresponding annual percent growth rate
The annual percent growth that is equivalent to a continuous percent growth rate of 13% is 13.88%.
What is the equivalent annual percent growth rate?When given a continuous percent growth rate of 13%, the annual percent growth rate that it is equivalent to is:
e ⁰.¹³ ˣ ¹ = 1 + annual percent growth rate
Solving gives:
Annual percent growth rate = e ⁰.¹³ ˣ ¹ - 1
Annual percent growth rate = 0.1388
Annual percent growth rate = 13.88%
In conclusion, the equivalent Annual percent growth rate is 13.88%.
Find out more on the continuous percent growth rate at https://brainly.com/question/5160341
#SPJ1
When did you first start reading the wsj? high school, college, early career, midcareer, late career, or retirement?
We generally first start reading the Wall Street Journal from the High school to the Retirement,
What is the Wall Street Journal?This is an American daily newspaper that is based in New York City which is published six days a week by Dow Jones & Company which is a a division of News Company.
As a Qualitative subject, the ordinal scale of measurement for the question will ranges as "since the responses can be ordered from earliest (high school) to latest (retirement)" Therefore, we first start reading the Wall Street Journal from the High school to the Retirement,
Read more about Wall Street Journal
brainly.com/question/16257665
#SPJ1
Rather than accept a job in the workforce, margo spends $10,000 on one year's college tuition. the opportunity cost of spending one year in college for margo is:_________
The opportunity cost of spending one year in college for Margo would have purchased with the $10,000 plus whatever she would have earned had she not been in college.
What is a Opportunity cost?
The value of what you must give up in order to pick something else is referred to as opportunity cost in economics. It is, in a nutshell, the worth of the path not traveled. For instance, by choosing to lease a retail space in midtown Manhattan for the low cost of $10,000 per month, you are passing up the chance to lease in SOHO, the Upper East Side, or even Jersey City, New Jersey. The value of what it would have cost you to rent somewhere else is your opportunity cost, assuming that your other alternatives were less expensive.
Learn more about Opportunity cost here:
https://brainly.com/question/13036997
#SPJ4
Which characteristics should a nurse focus on to become an effective transformational leader?
Effective communication is a critical component of successful transformational leadership in nursing.
Open, sincere communication is necessary for personnel to understand their responsibilities and the objectives they are working toward. A nurse leader's commitment to others, including the staff, families, and patients, demonstrates to others that she or he is not only in a leadership position for personal gain but also for the benefit of those being led.
These leaders empower people to share a common vision and objective for the organization rather than using their position of authority to enforce change.
To know more about communication, click here:-
https://brainly.com/question/22558440
#SPJ4
Illustrate your understanding of how to use the adjusted trial balance to prepare a statement of retained earnings by completing the following sentence. in order to prepare the statement of?
The reported net income (loss) from the Income statement is combined with retained earnings, the balance of the (Retained earnings / Cash) account, and any debit balance in the (Dividends / Supplies) account. These amounts are moved from the adjusted trial balance.
What is the adjusted trial balance used to prepare?The adjusted trial balance is used to check the accuracy of the financial accounts. The balance sheet, income statement, and cash flow statement are all created using the adjusted trial balance as a tool.
What is the purpose of the adjusted trial balance and how do we prepare it?In order to make sure that the financial statements for the time are correct and current, an adjusted trial balance is prepared. It fixes any mistakes to bring the statements into compliance with the standards of the relevant accounting system.
To learn more about trail balance visit:
https://brainly.com/question/15059786
#SPJ4
One important difference between service companies and manufacturing companies is that:________
The most important difference between service companies and manufacturing companies is that the manufacturing businesses sell a different product than service businesses do.
What is service & manufacturing companies?The manufacturing business creates and sells a physical product wheres the service business sells a service. For instance, a soap company is a manufacturing business while a service business could be an accounting or a legal firm.
Therefore, the most important difference between service companies and manufacturing companies is that the manufacturing businesses sell a different product than service businesses do.
Read more about service & manufacturing
brainly.com/question/28072267
#SPJ1
The pure expectations theory assumes that investors do not consider long-term bonds to be riskier than short-term bonds. True or false?.
It is accurate to say that the pure expectations theory makes the assumption that investors do not think long-term bonds are more risky than short-term bonds.
Based on the current long-term interest rates, expectations theory aims to forecast what short-term interest rates will be in the future. According to the hypothesis, an investor would make the same amount of interest by purchasing two consecutive one-year bonds as opposed to one two-year bond today. The "unbiased expectations theory" is another name for the hypothesis. With the use of a projection of future interest rates, the expectations theory tries to assist investors in making decisions. The theory predicts the rate for short-term bonds using long-term rates, often from government bonds.
Learn more about the pure expectations theory https://brainly.com/question/14845474
#SPJ4
The journal entry to record the property tax levy for a municipality would include?
The journal entry to record the property tax levy for a municipality would include a credit to Estimated Uncollectible Current Taxes.
Breaking Down Special Revenue FundEvery municipality goes through a quarterly budgeting process during which there are discussions and disagreements about money, including where it comes from, who gets it, and how much they get. Budget funds must be distributed among four major categories: general fund, capital fund, "rainy day" fund, and special revenue funds. The general fund is used to cover routine and ongoing local expenses, the capital fund is set aside for sizable undertakings, and the rainy day fund serves as an emergency fund for unanticipated costs. For the purpose of funding and managing targeted smaller-scale projects, a specific income fund is created. Funds from unique revenue sources may be used to pay for parks, libraries, beaches, and town squares. For the purpose of tracking cash inflows and outflows, each of these projects will have its own set of books.
To know more about " Breaking Down Special Revenue Fund " , visit : https://brainly.com/question/18492624
#SPJ4
Pam purchased video cameras for all of her employees so they can participate in ________.
Pam purchased video cameras for all of her employees so they can participate in videoconferencing
What is Videoconferencing?
A videophone combines a telephone with a video camera and a video display to enable simultaneous video and voice communication. Videotelephony, also known as videoconferencing and video teleconferencing, is the two-way or multipoint receiving and transmission of audio and video signals by individuals in multiple places for real-time communication. Videoconferencing encourages using this technology for group or organisational meetings rather than being used by lone users. Telepresence is a term that can be used to describe both meeting technology, which can go beyond video into robots, and high-quality videotelephony systems, which try to give the impression that distant people are in the same room (such as moving around the room or physically manipulating objects).
To learn more about Videoconferencing
https://brainly.com/question/917245
#SPJ4
Business ethics is not adequately pursued just by obeying the law because __________.
Business ethics is not adequately pursued just by obeying the law because ethics asks us what the law should be, not merely what the law is.
What are Business ethics?Business ethics is a kind of applied ethics or professional ethics that addresses moral or ethical dilemmas that could occur in the workplace. It is applicable to both the behavior of specific persons and large organizations, and it covers all facets of business conduct.A company's ideals, objectives, and day-to-day operations are all influenced by its business ethics. Principles like honesty, integrity, fairness, dependability, responsibility, and respect for others guide an ethical business. Obedience to corporate policies, effective communication, accepting responsibility and accountability, professionalism, mutual trust and respect among coworkers are only a few examples of ethical workplace conduct.Learn more about business ethics here:
https://brainly.com/question/4048149
#SPJ4
In a pure command economy, the prices at which goods and services are sold are planned by the.
In a pure command economy, the prices at which goods and services are sold are planned by the central government.
In a pure command economy, centeral government set the prices for goods and services. The central government dictates the distribution of goods and services and controls the production of goods and services.
In a pure command economy, government fully controls the distribution and production of goods and services to control the monopoly, and prices and dictates the external entrance into the market. Because the goal of this type of economy to create equality in the society. While the free market system decides the prices of goods and services based on the relationship between demand and supply.
In a free market system, producers or private companies set production and produce goods and services based on the demand for these goods and services in the market.
You can learn more about command economy at
https://brainly.com/question/1362251
#SPJ4
Which act prohibits external auditors from providing many forms of non-audit services and consulting work to public companies for which the auditor also provides a financial statement audit?
An act that prohibits external auditors from providing many forms of non-audit services and consulting work to public companies for which the auditor also provides a financial statement audit is the Sarbanes-Oxley Act of 2002. Thus the correct option is B.
What is a Financial statement?The financial statement of a business is referred to as a written document that is prepared by the business to evaluate the profit and loss of the organization and check its performance and understand its position in the market.
Federal legislation known as the Sarbanes-Oxley Act of 2002 formed extensive financial and auditing standards for public firms. As a consequence of this law, external auditors are not allowed to provide public firms with several types of non-audit services.
Therefore, option B is appropriate.
Learn more about the financial statement, here:
https://brainly.com/question/28237926
#SPJ4
The complete question is
Which act prohibits external auditors from providing many forms of non-audit services and consulting work to public companies for which the auditor also provides a financial statement audit?
The Securities Exchange Act of 1933
The Sarbanes-Oxley Act of 2002
The Securities Exchange Act of 1934
The Dodd-Frank Act of 2010
When a company carefully selects its goals and then creates a plan for reaching those goals, it is engaging in ______.
When an organization carefully selects its goals and so creates an idea for reaching those goals, it's engaging in strategic planning.
Strategic planning may be a process within which an organization's leaders define their vision for the long run and identify their organization's goals and objectives. the method includes establishing the sequence during which those goals should be realized so the organization can reach its stated vision. Strategic planning typically represents mid- to long-term goals with a life of three to 5 years, though it can go longer. this is often different than business planning, which generally focuses on short-term, tactical goals, like how a budget is split up. The time covered by a business plan can range from several months to many years. The product of strategic planning may be a strategic plan. it's often reflected in a very plan document or other media. These plans will be easily shared, understood and followed by various people including employees, customers, business partners and investors.
Learn ore about strategic planning.
https://brainly.com/question/24864915
#SPJ4
The most important factor for developing and reinforcing a high-integrity work culture is:______
The most important factor for developing and reinforcing a high-integrity work culture is hiring ethical job applicants.
What is high integrity work culture?
Respect and honesty are only two aspects of integrity in work. Employees that work for a company with a genuine culture of integrity take their commitments seriously, take initiative when they don't know what to do with their duties, and are ultimately responsible for the outcomes. As a result, the firm thrives.
Reviewing resumes and job applications for the knowledge, skills, and abilities required to carry out the job assignment is a regular part of the recruiting process.
Ethics are frequently assumed or disregarded.
To know more about high integrity work culture, visit:
https://brainly.com/question/14096314
#SPJ4
Indirect labor costs include ______. multiple select question.
a. assembly-line supervisor salary
b. factory security guard wages
c. administrative assistant salary
d. assembly-line worker wages
Indirect labor costs include: factory security guard wages and assembly-line supervisor salary
What is indirect labor cost?Indirect labor cost is the cost of labor that isn't directly related to the production of goods or the provision of services. It refers to the payment made to workers whose duties enable others to produce goods and provide services.
Indirect labor is the labour done by people who are not directly involved in the production of the commodities. Workers in a plant's quality assurance department, managers, and security personnel are a few examples. Their pay and benefits would be considered indirect labor costs.
"Indirect labor" refers to tasks performed by employees that enhance the operation of the company without directly producing goods or services. They are employed in industries including administration, accounting, and engineering.
To learn more about indirect labor cost visit:
https://brainly.com/question/14671852
#SPJ4
The journal entry to close out a credit balance in service revenues of $2,000 for the period would be:______.
The journal entry to close out a credit balance in service revenues of $2,000 for the period would be A journal entry is the act of recording any transaction, whether one that is commercial or not.
Cash 2000 (Debit)Accounts Receivable 2000 (Credit)A journal entry is the act of recording any transaction, whether one that is commercial or not. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.
Which 7 categories of journals are there?There are seven main sorts of journals: general, cash receipts and disbursements, cash receipts and returns, sales, and sales returns.To Learn more about journal entry click the links.
https://brainly.com/question/20421012
https://brainly.com/question/15889958
#SPJ4
The accuracy of a digital recording is determined by the device's ________ rate.
The sampling rate is determined by the accuracy of the digital recording.
What is the Sampling rate in digital recording?According to Nyquist’s Theorem, for an accurate digital representation of a sound wave, the sample rate must be at least two times bigger than the highest frequency record.
As the highest sound a human can hear has a frequency of 20 kHz, the minimum sample rate must be 40 kHz to be possible to digitalize this frequency.
As a component of the Nyquist-Shannon theorem, sample rates were first discussed in the 1940s. According to this, a sampling rate must have a frequency that is twice as high as the original recording for the sound to be accurately reproduced. Between 20 hertz (20Hz) and 20 kilohertz, the human ear is capable of hearing (20kHz). According to the theory, because 44.1 kHz is more than twice the upper limit of human hearing, it will produce a very accurate reproduction. However, some people continue to record at higher sample rates in order to capture all sounds. While these are not audible in the original recordings, if a 192 kHz audio sample were pitched down, some frequencies that were previously undetectable would become audible. Some of the highs might have been pitched down after being recorded at a lower sample rate.To learn more about the Sampling rate, refer
to https://brainly.com/question/24448358
#SPJ4
According to the midpoint method, the price elasticity of demand for tomatoes between point x and point y is approximately , which suggests that the demand for tomatoes is between points x and y.
Between points x and point y, the demand for tomatoes is elastic.
The degree to which demand reacts to a change in an economic component is known as elasticity of demand. The most prevalent economic component considered when calculating elasticity is price. Income level and the accessibility of substitutes are further considerations.
Elasticity gauges how demand changes in response to shifting economic conditions. Demand is said to be inelastic when it is unaffected by price changes.
A good or service's price elasticity of demand is calculated by dividing the percentage change in quantity demanded by the percentage change in price.
To learn about midpoint method of elasticity see:
https://brainly.com/question/28039288
#SPJ4
The cash flow that results from a company's ongoing, normal business activities is called?
The cash flow that results from a company's ongoing, normal business activities is called operating cash flow.
Cash flows help a business to determine the liquidity and solvency of the business.
There are 3 types of cash flows that companies should track and analyze the business' liquidity and solvency;
Cash flow from operating activities, cash flow from investing activities and cash flow from financing activities.
These are all included on the company's cash flow statement.
https://brainly.com/question/28504317
#SPJ4
What must an agent do if a buyer or seller refuses to sign the required ny disclosure form?
Finish up a declaration form that depicts current realities of what occurred.
#SPJ4
if the losing party's assets are not liquid, or if the losing party is bankrupt, the prevailing party may have difficulty
the prevailing party may have difficulty in collecting or judgement
The term "prevailing party" refers to the party that wins the main relief it sought, whether through a compromise settlement or a court ruling. The opposing party will be considered to have prevailed if the party that initiated the action, suit, or procedure dismisses it or ends it without the other party's consent. The party that receives a favorable verdict on the claims made in the complaint after any appeal, if any, is referred to as the victorious party. The term "fair lawyers' fees" refers to the reasonable legal costs actually expended in order to win the case for the victorious party.
To know more about prevailing party refer to https://brainly.com/question/17318682
#SPJ4
There are four primary financial statements of a proprietorship? the income statement, the statement of owner's equity, the balance sheet, and the statement of cash flows.
It is True that there are four primary financial statements of a proprietorship which are the income statement, the statement of owner's equity, the balance sheet, and the statement of cash flows.
What is financial statements?Financial statements can be described as essential part of the financial environment which is a written records that convey the business activities as well as the financial performance of a company.
It should be noted that the Financial statements are been audited by government agencies as well as the accountants, so as to be able to determine the accuracy and for tax as well as financing, or investing purposes.
In conclusion, It is True that there are four primary financial statements of a proprietorship which are the income statement, the statement of owner's equity, the balance sheet, and the statement of cash flows.
Learn more about proprietorship at:
https://brainly.com/question/4442710
#SPJ1
COMPLETE QUESTION
True or false There are four primary financial statements of a proprietorship? the income statement, the statement of owner's equity, the balance sheet, and the statement of cash flows.
_____ is the uniform system of reporting scientific measurement developed through international cooperation.
A System International Units is the uniform system of reporting scientific measurement developed through international cooperation.
What is a System International Units?This is defined as the global standard for expressing the magnitudes or quantities of important natural phenomena. Also known as metric system, it builds on an earlier system of measurement called the meter-kilogram-second system.
The Bureau international is responsible for promoting and describing the SI standard. They body operates under the supervision of the International Committee for Weights and Measures while the CIPM comes under the authority of the General Conference on Weights and Measures.
Read more about SIU
brainly.com/question/140086
#SPJ1
An individual knows that a product exists, but has little information regarding the product and does not seek additional information. in what stage of the product adoption process is that person?
Awareness is the stage of the product adoption process for that person.
What is a product?The object being sold is referred to as a commodity. A company or perhaps an object both qualify as products. It could take on a tangible, digital, or electronic form.
Awareness of a product means the person is getting all the information that is related to the product which can be related to the content price use or even just the name of the product is enough to create awareness, sometimes it is done with the help of advertisement. Any commodity has expenses involved with it, and everyone has pricing.
Learn more about product, here:
https://brainly.com/question/22852400
#SPJ1
The assumption that because the economy as a whole is better off as a result of a trade treaty, each individual industry must also be better off as a result of the treaty is an example of the:___.
The assumption that because the economy as a whole is better off as a result of a trade treaty, each individual industry must also be better off as a result of the treaty is an example of the: fallacy of division.
This is further explained below.
What is a trade treaty,?Generally, An investment guarantee is often included in the scope of a trade agreement, which is a comprehensive tax, tariff, and trade pact.
In conclusion, It comes into being when two or more nations reach an agreement on conditions that facilitate their commercial interactions with one another.
Read more about the trade treaty,
https://brainly.com/question/1487679
#SPJ1
Name THREE benefits of being a for-profit business.
tax exemption
profit sharing (profit maximization)
swift expansion
innovation
The THREE benefits of being a for-profit business are:
profit sharing (profit maximization)swift expansioninnovationThe establishment of a for-profit business has some clear advantages: self-employment and financial rewards proportional to success.
What are the disadvantages of a for-profit business?The disadvantages of a for-profit business are Limited access to receive grants, and No tax deduction to donors. One big drawback of for-profit companies is that they are not generally eligible to receive foundation and government grants (with some exceptions)
Therefore, the correct answer is as given above
learn more about for-profit business: https://brainly.com/question/24553900
#SPJ1
When the amount of seasonal variation depends upon the trend or average amount, the seasonality is described as:__________
Additive seasonal variant assumes that the seasonal version is constant regardless of the fashion or common amount.
With the additive method, the seasonal component is expressed in absolute phrases in the scale of the determined series, and in the degree equation the sequence is seasonally adjusted by means of subtracting the seasonal component. Within each year, the seasonal issue will add up to about zero.
How do you identify additive and multiplicative seasonality?We can typically discover an additive or multiplicative time collection from its variation. If the magnitude of the seasonal factor adjustments with time, then the series is multiplicative. Otherwise, the sequence is additive.
Learn more about additive seasonal variation here:
https://brainly.com/question/15734021#SPJ4