Reporting revenues when the goods or services are provided and expenses when they are incurred is called accrual accounting.
What is accrual accounting?
Accrual accounting is a method used to record revenues or expenses where revenue is recorded when a service is provided and an expense is recorded when incurred.
The purpose of accrual accounting is to match income and expenses with the period in which they occur. The accrual accounting method is the method approved by the IFRS and the US GAAP.
In contrast to accrual accounting, there is another accounting method known as cash accounting. In cash accounting, revenue is recorded only when cash is received and expenses are recorded only when cash is paid.
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In the financial projections section, the sba recommends this for the projections for the first year:______
In the financial projections section, the SBA recommends this for the projections for the first year quarterly or monthly projections.
Financial ProjectionsOne of the most crucial things you can do for your business each year is to plan out and work on your company's financial projections. The process itself frequently has more significance than the outcomes, or formal projections. At a minimum, strategic planning enables you to "come up for air" from the day-to-day challenges of managing the business, assess its current state, and chart a clear way forward.
Regular planning also assists your business in adjusting to change on both an internal and external level. You are better equipped to identify issues and possibilities by routinely reevaluating your company's capabilities, markets, and competition.
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Home hoarding realty is advertising to the public that their managing broker has been in the business 37 years and has sold over 1,250 homes. this is an example of?
The correct answer is institutional advertising.
Institutional advertising is defined as promotional efforts meant to enhance a brand's reputation, create a favorable perception of a brand, or motivate consumers to support a particular brand or institution.
What kinds of advertisements are used in institutions?Radio, television, print, and internet media are the most popular forms of institutional advertising because they allow businesses to communicate their message through discourse. Non-conventional media is also included in public spaces.
What is the objective of institutional advertising?Institutional advertising works to improve a company's reputation as a whole rather than just one particular item or service. The company also works to promote its concepts and values, as well as its goal and vision.
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The globe project dimension that focuses on how much unequal distribution of power should exist in organizations and society is _____.
The GLOBE Project dimension that focuses on how much unequal distribution of power should exist in organizations and society is power distance.
What is power distance.?Power distance can be described as the extent the members of the members of organizations and institutions that do not have much power to accept as well as expect unequal power distributions.
It should be noted that it is measured not only from the perspective of the leaders, hence GLOBE Project dimension that focuses on how much unequal distribution of power should exist in organizations and society is power distance.
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If demand for a good is inelastic, what would the demand curve for this good look like?
If demand for a good is inelastic, what would the demand curve for this good look like the Downward sloping and relatively steep.
Demand for good is said to be inelastic when there is less change in quantity demanded due to more change in price.
If there is 5% change in price of the good or services , there will be less than 5 % change in quantity demanded.
Perfectly inelastic demand refers to the no change in the quantity demanded due to change in price .
Perfectly inelastic demand curve will be vertical straight line parallel to y axis.
some examples are essential items such as medicines , it is essential for life, so consumer will buy no matter what the price is.
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When an employee works in year 1 but is paid in year 2, the company must recognize an expense in year(s) _____
When an employee works in year 1 but is paid in year 2, the company must recognize an expense in year(s):
There is no income statement affect in Year 2There is no cash flow affect in Year 1both an expense and liability are recorded in Year 1What is income statement?
A company's financial performance over a certain accounting period is reported using three primary financial statements: the balance sheet, the statement of cash flows, and the income statement.
The income statement, which is often referred to as the profit and loss statement (P&L) or the statement of revenue and expense, is primarily concerned with the company's revenue and expenses for a specific time period.
Knowing how to study an income statement is the greatest approach to evaluate a firm and determine whether you should invest.
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After identifying a gap in the soft drinks market, jerome developed a low sugar drink. he borrowed $5000 from family and friends to start up a business and to provide working capital. jerome operates as a sole trader. to promote his product, jerome handed out free samples in town centre. in the first year, jerome's business sold 10000 units. this is 200 units more than his break even output. jerome is considering ways to increase added value. outline two ways that break even information can help jerome's business?
Jerome can use break-even analysis to calculate the amount of income or the number of items needed for the business to become profitable.
Break-even analysis can be used by Jerome since it will assist him to increase added value while preventing costs from drastically shifting.
The point at which total revenue and total cost are equal is known as the break-even point. The amount of income or the number of units required to pay all of your company's costs is determined by a break-even study. You won't be making or losing money at break-even, but all of your business's expenses will have been paid.
When your business, service, or product will begin to earn a profit, you may predict it using a financial tool called a break-even analysis. It is a mathematical formula used to calculate how many goods or services a business must sell to cover costs, particularly fixed costs.
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An environmental impact statement (eis) must contain a cost-benefit analysis of the proposed action and alternative actions.true /false
It is true that an environmental impact statement (eis) must contain a cost-benefit analysis of the proposed action and alternative actions.
What is an environmental Impact statement?An environmental impact statement (EIS), which is a legally binding government document, outlines how a proposed project will harm the environment. In the US, federal law mandates specific disclosures for specified projects. Environmental impact assessments are meant to help local governments and policymakers with their job and decision-making.
Introduces the Proposed Action, its Need, and its Goals in Section 1The baseline for comprehending the current environmental status in connection to the proposed action is provided in Section 2, which describes the Affected Environment.The "heart" of the EIS is Section 3 which presents a variety of alternatives to the proposed action. A No Action Alternative is always offered.Section 4 analyses the effects on the environment of each proposed action and the available alternatives.The EIS may also cover other subjects that are not necessary for every project, such as financial plans, environmental mitigation plans, and compliance strategies for any extra federal, state, or local permits.
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A+cpa+may+redesign+a+client's+payroll+system+and+charge+a+fee+calculated+as+25%+of+the+next+four+years'+cost+savings,+which+is+called+a(n):________
A CPA may redesign a client's payroll system+ and charge a fee calculated as 25% of the next four years' cost savings, which is called a(n) contingent.
A Certified Public Accountant (CPA) is a person who has attained professional qualifications through a combination of education, experience and licensing. A chartered accountant is not the same as an accountant. Accountants are typically professionals with bachelor's degrees in accounting. A CPA, or Chartered Accountant, is a professional who has obtained her CPA license through a combination of education, experience, and testing.
Certified Public Accountant (CPA) course is the premier credential for accounting education. Career possibilities for CPA are endless as you can work for a company, practice accounting, or work for an individual. For candidate resumes, CPA is a respectable credential
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Marketing is an activity that creates value for customers, clients, partners, and society at large. a firm does this by blank______. (select three answers)
Marketing is an activity that creates value for customers, clients, partners, and society at large. A firm does this by: communicating offerings, delivering offerings and creating offerings
What is marketing activity?
Marketing activity can be defined as the avenue through a firm makes its products or services known to the target customers while also making sure they the added benefits that the products or services offer or that they understand the problems could be solved by using them.
Marketing activity involves communicating effectively the products or offerings, what the company has to offer, ensuring that the products can deliver on the promised benefits coupled with creating offerings, which means that the customers are satisfied when the products have been tried and that there is a recourse such as after sales services
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Full question with options:
Marketing is an activity that creates value for customers, clients, partners, and society at large. A firm does this by ______. (Select three answers) Multiple select question. creating offerings expanding markets delivering offerings segmenting offerings communicating offerings selecting markets
A situation where quantity supplied is greater than quantity demanded is called a?
Market Surplus is situation where quantity supplied is greater than quantity demanded
When there is an excess of supply—that is, when the amount provided exceeds the amount demanded—a market surplus results. Some manufacturers won't be able to sell all of their products in this circumstance. This will encourage them to reduce their pricing in order to increase the allure of their goods. Many businesses reduce their pricing in an effort to remain competitive, which lowers the market price for the product. Customers will increase their amount required in reaction to the decreased price, driving the market it towards an equilibrium price and quantity. The price of the commodity has been under pressure to decline in this circumstance due to an abundance of supply.
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A fountain ejects water through the four nozzles, which have inner diameters of 10mm. determine the pressure in the pipe and the required volumetric flow through the supply pipe
A fountain ejects water thru the four nozzles, which have internal diameters of 10mm. decide the strain within the pipe and the specified volumetric drift via the supply pipe: right here, the total stress to be had in the pipe head is used by the nozzles equally.
The diameter of a circle is any immediate line phase that passes via the center of the circle and whose endpoints lie on the circle. it can additionally be described as the longest chord of the circle. each definition also is legitimate for the diameter of a sphere.
Definition of DIAMETER: A measurement used to indicate the dimensions of a circle based on the length of a straight line that starts off evolved and ends at the threshold of the circle and also passes via the center of the circle. Diameter is represented by using the image and is generally abbreviated to "dia" or "d".
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Suppose the equilibrium rent in boston is $1,500. A rent ceiling of $1,600 per month leads to.
Suppose the equilibrium rent in Boston is $1,500. Ceiling rent $1,600 per month doesn't make a difference in the Boston apartment market.
The buying and selling transaction itself usually involve a bargaining process between the seller and the buyer. Both will seek a price that they mutually agreed upon and then the sale and purchase transaction will be carried out.
Basically, the equilibrium price is a price meeting point that is agreed by both parties for a sale and purchase transaction to occur. The interaction between sellers and buyers that causes buying and selling transactions is referred to as the market, so the equilibrium price is also commonly referred to as the market price.
The equilibrium price is formed because of a meeting between supply and demand. At the equilibrium price, the quantity demanded is equal to the quantity supplied. The equilibrium price can be obtained in 3 ways, namely a mathematical approach using a formula, a curve approach, and a table approach.
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________ is a statement about what will happen or might happen in the future, for example, predicting future sales or employee turnover.
Regression is a statement about what will happen or might happen in the future such as future sales or employee turnover.
What is Regression Analysis?Regression Analysis can be described as the statistical technique, which is been used in the evaluation of the relationship between two or more variables.
It should be noted that the Regression analysis can be used in an organization to understand data points and what it represent, hence Regression is a statement about what will happen or might happen in the future such as future sales or employee turnover.
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General-purpose financial statements are the product of:____.
a. financial accounting.
b. managerial accounting.
c. both financial and managerial accounting.
d. neither financial nor managerial accounting.
General-purpose financial statements are the product of: both financial and managerial accounting.
What is the definition of general purpose financial statements?The general definition of financial statements is to provide information about the effects of operations, financial position, and cash flows of an organization. This information is employed by the readers of financial statements to make judgments regarding the allocation of resources.
What are the three general objective financial statements?
The balance sheet, income statement, and cash flow information each offer unique pieces with information that is all connected. Together the three statements give a comprehensive portrait of the company's working activities.
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The _____ of algeria includes 3,973 km of railroads, 104,000 km of roads, and 54 paved airports. it also has only five telephones for every 100 citizens and only two internet service providers.
The infrastructure of Algeria includes 3,973 km of railroads, 104,000 km of roads, and 54 paved airports. it also has only five telephones for every 100 citizens and only two internet service providers.
What is Infrastructure?Infrastructure can be described as the set of facilities as well as the systems that is been used in the country, city, so that the country can be habitable for the public.
This consist of services and facilities necessary for its economy, hence The infrastructure of Algeria includes 3,973 km of railroads, 104,000 km of roads, and 54 paved airports. it also has only five telephones for every 100 citizens and only two internet service providers.
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When courts find accountants liable for constructive fraud, the implication is that:______.
Even if they were unaware of the fraud, accountants may be held accountable for it.
How does constructive fraud work?A legal fable known as "constructive fraud" describes a circumstance in which a person or organization obtained an unfair advantage over another using dishonest or unjust means. As opposed to true fraud, no proof of intent is required. The failure to inform clients of product flaws is one example of unfair practices.
The elements are:
1) a duty owed by the party to be charged to the complaining party due to their relationship;
2) violation of that duty by making deceptive material misrepresentations of past or current facts or remaining silent when a duty to speak exists; and
3) reliance on such statements by the complaining party.
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Generally, the revenue account for a merchandising business is entitled :_______
a. sales
b. gross sales
c. fees earned
d. gross profit
The Right Response is Option A
A) Sales.
Sales is the name of a merchandising company's revenue account. As a result, we simply use the term "revenue" instead of "net sales account" or "sales revenue account." Net sales is the term used to describe the sum of the gross sales, sales returns, and allowances.However, the merchandising worksheet will also include the following account titles and amounts: purchases, sales tax, accounts payable, product inventory, and accounts receivable.What does the business sell?The term "sales" is used to describe any actions taken in order to sell a something or service to a customer or business. However, in actuality, it symbolises much more. In order to close a sale successfully, a lot of work must be put into finding prospects, developing connections, and offering consumers solutions.To Learn more about Sales, Click the links.
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In the circular flow example, the amount of income that is flowing into the household sector is ___________ .
In the Circular Flow example, the amount of Income that is flowing into the Household sector is $5000
What is the Circular Flow model?
This refers to an economic model that shows how money moves through society. It captures how money flows from producers to workers as wages and flows back to producers as payment for products, that means that an economy is an endless circular flow of money.
In most typical economic model, the circular flow model starts with the household sector which engages in consumption spending (C) and the business sector which produces the goods.
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When kraft focused on cost cutting with its older, established brands, leaving them to wither without much investment or modification, kraft decided to ________ the older products.
When kraft focused on cost cutting with its older, established brands, leaving them to wither without much investment or modification, kraft decided to Harvest the older products.
In order for the parties concerned to reap—or, harvest—the most possible profits, a harvest strategy is a marketing and business plan that entails a reduction or termination of investments in a product, product line, or line of business. When it is judged that additional investment won't increase product income in the future, a harvest plan is often used toward the conclusion of a product's life cycle.
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What are some key benefits of soliciting project proposals from stakeholders throughout, and possibly outside, the company?
Some key benefits of soliciting project proposals from stakeholders throughout, and possibly outside, the company are options A. a request for proposal (RFP) can be used to take a concept and ask an outside company to develop the project and B. good ideas are not just limited to upper management.
What are project proposals?A project proposal is a written document showcasing all that which stakeholders should know about a project, such as the timeline, budget, purpose, and goals. One's project proposal should give a brief details of the project and interesting such that stakeholders can accept the initiative.
Therefore, the correct answer is as given above
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The complete question goes thus:
what are some key benefits of soliciting project proposals from stakeholders throughout and possible outside the company?
a. a request for proposal (RFP) can be used to take a concept and ask an outside company to develop the project
b. good ideas are not just limited to upper management
c. project management offices and/or portfolio offices are all that are needed
Regular employees who have no malicious intentions are still a serious security threat to their organization. T/F
Regular staff members who are not malicious yet pose a substantial security risk to their company. True. Two key categories of data are under danger. Sensitive data, such credit card numbers, passwords, or contact lists, comes first.
The other is data about your online browsing patterns that can be of interest to advertisers. Hacking, phishing scams, and ransomware are examples of common techniques.
Internal threats come from within the company and are typically committed by current or former employees, contractors, business partners, etc. Attacks from within can be purposeful or unintentional. Threats can be broken down into four groups: conditional, veiled, direct, and indirect.
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You manage a farm equipment supply store in iowa. Use the price of soybean futures as a signal, an incentive, and as a source of information to help make better business decisions by answering the following questions. Soybean futures are:___.
A. investments into soybean farms where farmers pay a dvidend to investors who whole soybean futures. B. loans that buyers take out in order to buy soybeans at a low price, hold them for a short time, and sell them at a higher price to pay back their initial loan while still earing a profit. C. contracts where a buyer agrees to purchase soybeans at a specific time in the future. The price of soybean futures has increased over the last three months. as a soybean equipment supplier, how should you respond? A higher futures price indicates that farmers expect to be able to sell soybeans at____price in the future. You should____the amount of soybean farming equipment you plan on supplying to the market.
You manage a farm equipment supply store in iowa. Use the price of soybean futures as a signal, an incentive, and as a source of information to help make better business decisions by answering the following questions. Soybean futures are option C. contracts where a buyer agrees to purchase soybeans at a specific time in the future.
The price of soybean futures has increased over the last three months. as a soybean equipment supplier, how you would respond is that A higher futures price indicates that farmers expect to be able to sell soybeans at higher price in the future. You should increase the amount of soybean farming equipment you plan on supplying to the market.
Who is a store manager?A store manager also known as a retail manager is an individual that is highly responsible for the day to day activities (controlling and fulfilling duties) of a store. All employees working in the store report to the store manager. A store manager reports to a district/area or general manager.
Therefore, the correct answer is as given above
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Answer:
Option C
A higher futures price indicates that farmers expect to be able to sell soybeans at higher price in the future. You should increase the amount of soybean farming equipment you plan on supplying to the market.
Explanation:
Option C is correct because a contract is a bet on a future price.
A higher future price indicates there will be a scarcity and more soybean would need to be supplies
The total overhead assigned to actual production at any point in time is called? a.non-unit-based overhead. b.budgeted overhead. c.applied overhead. d.overhead assignment.
The total overhead assigned to actual production at any point in time is called applied overhead.
The applied overhead can be defined as the applicable cost rate for the cost object. A cost object is any item a business buys that also costs more to maintain or own, such as a product, distribution channel, product line, subsidiary, geographic area, customer, staff, or process.
Examples of overhead applied to a cost object could be rent, insurance or staff compensation. The amount of overhead applied is usually a standard application rate which can only change after a long interval. This is because of this price variable, the amount of overhead applied during one period may differ from the standard applied overhead in another period.
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The quantity of products that people are willing to buy at different prices at a specific time is called:__________
The quantity of products that people are willing to buy at different prices at a specific time is called quantity demanded.
Quantity demanded is a term which is used in economics to describe the total amount of goods and services which the consumers demand over a given period of time.
It depends upon the price of a good and service in the marketplace, regardless of whether the market is in equilibrium or not.
The relationship between the quantity demanded and the price of the good is known as the demand curve or in other words it can be the demand.
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The ________ function calculates the periodic interest for a specified payment period on a loan or investment.
The NPER(Number of Periods) function calculates the periodic interest for a specified payment period on a loan or investment.
So the correct filling is NPER(Number of Periods)
What is periodic interest
The quantity of compounding periods has a direct impact on the periodic interest rate of a loan or investment. If an investment accumulates monthly and has an effective annual return of 12%, its periodic rate is 1%. If you were to compound the daily periodic rate, its periodic interest rate would be 0.00033, or the equivalent of 0.03%. An investment grows more fast the more often it compounds. Consider that a $1,000 investment has two options. Option one provides an annual interest rate of 8% to the investor, and the interest grows on a monthly basis. Option 2 offers the investor an annual compounded interest rate of 8.125%.
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Recognizing patterns generates ______ that let entrepreneurs see everyday objects in new light. insights actions demand observation
Recognizing patterns generates insights that let entrepreneurs see everyday objects in new light. insights actions demand observation
Broad insight must be accompanied by qualified skills in running this entrepreneur. This is another factor that supports success in entrepreneurship, which is important for every entrepreneur to have. In this context, an entrepreneur is able to apply his insights and skills to develop his business.
Entrepreneurship is an activity for doing business or independent business. In this activity, all income and resources are borne by the perpetrators who carry out entrepreneurship or are called entrepreneurs. In practice there are several mentions for this one activity but still in the same context.
The factors that support success in entrepreneurship are:
Have Insights About EntrepreneurshipHave Entrepreneurial SkillsDare to Take a StepDare to take risksHave High CreativityHave High ConfidenceYou can learn more about entrepreneurship supply here brainly.com/question/18203575
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To what extent do you think the government should be involved in the free enterprise economy?
The involvement of government in the free enterprise economy should be strictly limited.
What is free enterprise?
An economy where the market sets pricing for goods and services, not the government, is known as free enterprise or the free market. Government control over businesses and services is not present. Alternatively, the term "free enterprise" could refer to a philosophical or legal framework in which the majority of controls over commercial activity come from the private sector.
Government's participation in the free-market economy should be rigorously constrained. However, the government could step in to take the following actions:
To make sure that revenue is shared fairly among all members of society. To control monopolistic behavior and unethical commercial activities that limit market competition.To overcome a failing market.To implement tax reform and impose business taxes.To implement monetary and fiscal policy during recessions.To Apply automatic stabilizers.To upgrade the infrastructureTo offer assistanceTo know more about free enterprise, go to URL
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The loss of which normal property results in the immune system producing antibodies against its own cells?
The loss of Autoimmunity normal property results in the immune system producing antibodies against its own cells
.This is further explained below.
What are antibodies?Generally, a protein found in the blood is created as a reaction to a particular antigen and acts to neutralize it.
Antibodies form a chemical bond with organisms that the body identifies as foreign, such as bacteria, viruses, and other things that are present in the blood that is not naturally occurring.
In conclusion, When the normally occurring trait of autoimmunity is lost, the immune system begins to produce antibodies that target the body's own cells.
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Training is a key element for an organization pursuing a commitment based hr strategy. .
The statement is True.
Training is a key element for an organization pursuing a commitment that is based on hr strategy.
Training is a vital element existing in an organization for the purpose of pursuing a commitment that is based purely on HR strategy. This course will use training for building knowledge, skill as well as attitudes so that employees can work quickly and flexibly as well without waste of time. In order to enhance the transfer of the learning program, training should have developed and delivered by those who are specialized in training.
Training along with development is one of the major functions included in the department of human resource management. It refers to a systematic order of setup where employees are instructed well to proceed further and taught technical knowledge-related matters on behalf of their jobs.
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The given question is incomplete, the correct question is :
Training is a key element for an organization pursuing a commitment-based hr strategy. True or false?
International trade decreases the demand for workers in domestic industries that?
International trade decreases the demand for workers in domestic industries that Real wages in several industries have been known to decline as a result of international trade, depriving a portion of the population of their wage income.
The amount of this impact may be greater than any potential effect resulting from wages, yet cheaper imports can also lower domestic consumer prices. Greater specialization and more effective resource management result from international trade, which frequently lowers prices, increases output, and boosts productivity.
When the volume of imports exceeds the volume of exports, international trade could, from an economic perspective, increase the debt of the nation. Thus, a nation needs to have a sound financial management system to guard against potential losses brought on by international trade.
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