Deferred revenues is another term for them. They refer to payments that are made before the delivery of goods or services. They might pose a threat. On a balance sheet, they are displayed.
Deferred revenue: what is it?Income that has been accrued in advance of the supply of goods or services is known as deferred revenue. Deferred revenue is recorded as a short-term debt on a company's balance sheet. Money received for the anticipated good or service is shown as a debit to cash on the balance sheet.
Unearned income: What is it?Unearned revenue is money that has been obtained from a consumer in exchange for products or services that have not yet been made or provided. Unearned revenue, also known as deferred revenue, is an obligation that must be satisfied by successfully delivering a good or service to the client in order for it to be removed from the balance sheet. Frequently, the unearned revenue account is shown as a current liability on the balance sheet.
Henry George coined the phrase "unearned income" to characterize the profits from owning monopolies and other kinds of property. The expression is still often used today to represent public aid payments, heirlooms, real estate ownership gains, and pensions.
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T/F firms that develop high levels of capability tend to find change easy because they are also able to develop new capabilities.
The given statement "firms that develop high levels of capability tend to find change easy because they are also able to develop new capabilities.capabilities.is True.
A company's ability to produce goods or services faster, more efficiently, or for less money than its competitors is known as a competitive edge. These elements enable the producing unit to outperform its competitors in terms of sales or margins.
Firms that have developed high levels of capability are generally able to adapt to change more easily as they have the resources and ability to develop new capabilities and skills to keep up with changing market conditions and customer needs. This can give them a competitive advantage and help them maintain their position in the market.
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g where on form 4797, sales of business property, would the sale of the driveway be reported? page 1, part i. page 1, part ii. page 2, part iii. page 2, part iv.
On Section 4797, Part I, the land is sold. The capital asset portion of your Form 1040 is combined on line 13. Consequently, the answer to your last query is that this does count as two sales on your Form 4797, but only one of them is a Schedule D capital asset.
How do I fill out Tax form 4797 after sale of a rental property?To complete form 4797 for the 2013 tax year, I'm attempting to find out how to do it.
For $240,000 in 2007, the duplex was bought, and for $251,900 in 2013, it was sold.
Never owned by the owner, it was always used as a rental property. the following information
- Paid $240,000 when bought in 2007. (Land: 50,000 Building: 190,000)
- Purchased for $251,900 in 2013.
- $13,500 in fees for the property's selling
- Depreciation over the last six years or more: $34,000
- During this time, the home underwent no improvements.
I typed 251,000 into line 20 of form 4797. This is probably accurate.
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which of the following is not a reason that would make calculating return on investment (roi) on sustainability projects difficult?
option d is correct. the data necessary to calculate accurate ROI in sustainability projects is frequently not available.
Project sustainability plan: what is it?A sustainability plan outlines strategies for sustaining the programme, activities, and partnerships and serves as a road map for accomplishing long-term objectives.
What is the sustainability guiding principle?1995). the natural world. The traditional definition of the golden rule is the growth path that results in the highest per capita consumption. to all of the existing and coming generations
What are the six main sustainability objectives?The Sustainable Development Goals are as follows: no poverty; no hunger; good health and wellbeing; quality education; gender equality; clean water and sanitation; affordable and clean energy; decent work and economic growth; industry, innovation, and infrastructure; reduced inequalities; sustainable cities and communities; and responsible consumption.
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TRUE/FALSE. After posting the entries to close all revenue and expense accounts, Marker Company's Income Summary account has a credit balance of $6,800, and its Marker, Withdrawals account has a debit balance of $2,900. These balances indicate that net income for the current accounting period amounted to $3,900.
False, The debit balance of the withdrew amount indicates that it should be shown in the retained earning statement, and the credit balance of the income summary denotes the net income for the specific time.
What is a retained earnings statement composed of?Retained profits are the money that a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends to shareholders. This is the portion of the company's equity that could be used, for example, to buy new machinery, conduct research and development, and fund marketing.
A statement of retained profits, sometimes referred to as a statement of changes in equity, displays the entire amount of earnings that a company has accrued and retained in the business since it started operations.
Cash balance in the income-summary account= $6,800
Balance of the Withdrawals account is debited= $2,900
Because the credit balance of the income summary shows the net income for the particular period, and the debit balance of the withdrew amount reflects that, it must be included in the retained earning statement.
The note in the journal would be
Income summary A/c (Dr.) $6,800
To Retained earning (Cr.) $6,800
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Which of the following is not an example of scarcity? Select the correct answer below: Amanda can play a song as many times as she likes with no additional cost to her. Because the number of trained doctors is limited, some people cannot find a doctor when they need one. Joey has to choose between buying a new motorcycle or buying a small boat, since he cannot afford to buy both. A small business owner has to subcontract a portion of work due to lack of time.
Amanda can play a song as many times as she likes with no additional cost to her.
What is scarcity in this scenario?
Scarcity in this scenario refers to the limited availability of resources, including time and money, that individuals and businesses must use to fulfill their wants and needs. In economic terms, scarcity is the fundamental condition that exists when people have unlimited wants and needs, but limited resources to fulfill them. This leads to the need for individuals and businesses to make choices about how to allocate their limited resources, which often involves trade-offs between competing alternatives.
Hence, the answer is Amanda can play a song as many times as she likes with no additional cost to her.
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six universal core virtues--courage, justice, humanity, temperance, transcendence, and wisdom--represent the basic structure around which researchers used to develop .
The six universal core virtues--courage, justice, humanity and wisdom--represent basic structure around which researchers used to develop Values in Action Classification of Character Strengths.
What is humanity?Being human is a virtue connected to the core moral ideas of generosity. Additionally, it stands for the affection and sympathy that people have for one another. Humanity, as opposed to pure justice, shows a greater degree of benevolence toward those who are a part of it. In other words, although while fairness frequently extends to everyone, humanity, acts of love and kindness, and social intelligence are typically personal attributes. Humanity is one of the six virtues that cut across all cultural barriers. Human rights and other modern concepts have their origins in the Renaissance's development of "humane" or "humanist" thought and the early modern conception of humanitarianism.
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to sound conversational, you should avoid which of the following in your business messages? group of answer choices legal terminology technical words references to impersonal, third person references to first person
The correct answer is option C. References to impersonal, third person.
Creating an effective business message requires a conversational tone. First person language such as “I” and “we” should be used to sound more friendly.
Avoiding technical or legal language is also important, as it can come off as overly formal. In order to create a conversational tone, use language that is easier to understand.
Additionally, use words that are more engaging and friendly. This will ensure that the message comes off as friendly and inviting, rather than overly formal and impersonal. To ensure the best results, use language that is personal and conversational when writing a business message.
Complete Question:
Which of the following should you avoid in your business messages to sound conversational?
A. Legal terminology
B. Technical words
C. References to impersonal, third person
D. References to first person
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what is the taxpayer's average tax rate? (enter your answer as a percent to two decimal places. for example, enter 36.25 and not 0.3625.)
One estimate claims that the average income tax burden for all taxpayers is 13.3%; however, determining an average is very difficult.
Which tax rates will be in force starting in 2022?The ratio at which a corporation or individual is taxed in a tax system is known as the tax rate. Statutory, average, marginal, and effective tax rates are some of the ways that are used to display them. The terms inclusive and exclusive can be used to present these rates when applied to a tax base. The percentage at which a person or business is taxed is known as the tax rate. The United States employs a progressive tax rate system, where the amount of tax charged rises as taxable income for an individual or entity increases. This system is used by both the federal government and many state governments.
Tax brackets for 2022 (for taxes due April 2023 or October 2023 with an extension)
tax amount
Whether single, married, filing jointly, or a qualified widow
10%
$0 to $10,275
$0 to $20,550
12% $10,276 to $41,775
$20,551 to $83,550
22% $41,776 to $89,075
$83,551 to $178,150
24% $89,076 to $170,050
$178,151 to $340,100
The complete question is,
use this information to answer the following 2 questions: assume a single taxpayer is taxed at 10 on the first $9,875 of taxable income, 12% on the next $30,250 of income and at 22% for the following $45,400 of income. his taxable income is $81,775. what is the taxpayer's average tax rate? (enter your answer as a percent to two decimal places. for example, enter 36.25 and not 0.3625.)
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During Year 1 Xing Enterprises experienced the following events.
(1) Earned $4,000 of revenue on account.
(2) Incurred $3,500 of expenses on account.
Based on this information the amount of total assets, net income, and cash flow from operating activities appearing on the year 1 financial statements is
The sums in the statements model show that after accrued revenue and expense have been recognised, total assets are $4,000, net income is $500, and cash flow remains unaffected.
What is accrued revenue?
Revenue that has been earned via the provision of a good or service but for which no money has been exchanged is known as accrued revenue. To reflect the amount that customers owe the company for the items or services they purchased, accrued revenues are shown as receivables on the balance sheet.
Accrued revenue and accrued expenses can be contrasted with realised or recognised revenue. It is frequently used in the service sector, since service contracts may span several accounting periods.
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4. Is the steepest slope of the graphs elastic inelastic unit elastic
The slope of demand is steeper in case of relatively inelastic demand; the price may increase or decrease but the quantity demanded will remain about the same.
What is inelastic demand?Inelastic is an economic term referring to the static quantity of a good or service when its price changes. Inelastic demand means that when the price goes up, consumers’ buying habits stay about the same, and when the price goes down, consumers’ buying habits also remain unchanged.
Inelastic means that a 1% change in the price of a good or service has less than a 1% change in the quantity demanded or supplied.
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Organizations as Open Systems
Organizations as Open Systems
Organizations transform raw materials into sellable products and services and operate as open systems. As open systems, they are affected by, and affect, their environments. In this activity you will consider different organizations, their products, and the inputs used in making those products.
Part of the way in which organizations are affected by and affect their environments is through their inputs and outputs. Organizations transform inputs such as raw materials and services into marketable products and services. Other types of inputs could include services, equipment, capital, and even information. Once these inputs are gathered and obtained by the organization, a variety of processes and procedures transforms these inputs into products and services from which consumers benefit. These products and services are referred to as the outputs of an organization.
The goal of this activity is to demonstrate the development of open systems.
This activity is important because, as a manager, you will need to understand the processes and procedures that transform inputs into products and services from which consumers benefit.
For Questions 1-6 below, select the input that each organization needs to produce their product and/or service.
1. General Mills
(Click to select) Oil Tax Returns Sheep's wool Flowers Gasoline Accounting Majors Envelopes Cheerios Wool jackets Oats Cars Trees Tires Rubber
2. Mohawk Paper Mills
(Click to select) Gasoline Oats Tires Oil Sheep's wool Cars Flowers Trees Accounting Majors Envelopes Rubber Tax Returns Wool jackets Cheerios
3. ExxonMobil
(Click to select) Rubber Trees Cheerios Accounting Majors Cars Flowers Tax Returns Sheep's wool Wool jackets Oats Envelopes Gasoline Tires Oil
4. Ernst & Young
(Click to select) Trees Wool jackets Gasoline Envelopes Rubber Flowers Accounting Majors Tires Tax Returns Oil Cheerios Cars Oats Sheep's wool
5. Goodyear
(Click to select) Flowers Tax Returns Gasoline Envelopes Rubber Accounting Majors Cars Tires Sheep's wool Cheerios Oil Oats Wool jackets Trees
6. L.L. Bean
(Click to select) Oil Accounting Majors Cars Oats Sheep's wool Rubber Flowers Tires Wool jackets Envelopes Tax Returns Gasoline Trees Cheerios
For questions 7-12 below, please select the output that each organization provides.
7. General Mills
(Click to select) Accounting Majors Tires Gasoline Cheerios Sheep's wool Envelopes Tax Returns Cars Trees Oats Wool jackets Flowers Oil Rubber
8. Mohawk Paper Mills
(Click to select) Trees Sheep's wool Cheerios Rubber Oil Tax Returns Envelopes Wool jackets Accounting Majors Flowers Gasoline Oats Cars Tires
9. ExxonMobil
(Click to select) Accounting Majors Oil Trees Wool jackets Tires Envelopes Gasoline Cheerios Cars Sheep's wool Tax Returns Flowers Oats Rubber
10. Ernst & Young
(Click to select) Oil Gasoline Envelopes Flowers Tires Oats Cars Sheep's wool Wool jackets Accounting Majors Rubber Cheerios Trees Tax Returns
11. Goodyear
(Click to select) Cheerios Rubber Oats Trees Sheep's wool Tax Returns Accounting Majors Gasoline Cars Envelopes Tires Flowers Oil Wool jackets
12. L.L. Bean
(Click to select) Cheerios Rubber Oats Trees Sheep's wool Tax Returns Accounting Majors Gasoline Cars Envelopes Tires Flowers Oil Wool jackets
1) input: Oats output: Cheerios, 2) input: Trees output: Envelopes, 3) input: Oil output: Gasoline, 4) input: Accounting Majors output: Tax Returns, 5) input: Rubber output: Tires, 6) input: Sheep's wool output: Wool jackets.
What does filing taxes mean?A tax return is one or more forms submitted to a taxing body that include earnings, outlays, and other crucial tax data. Tax returns give taxpayers the option to determine their tax liability, plan out their tax payments, or ask for refunds for any taxes they have paid in excess of what is required.
What makes you want a tax return?There are various circumstances that can lead to tax refunds. However, it typically happens when you overpay your tax liability for the year. Since most taxpayers have jobs, this occurs when an excessive amount of money is taken out of your paycheck each week.
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which of the following correctly states the three main reasons the demand curve is downward sloping?
There are three main reasons why the demand curve is downward sloping. The correct answer to the question above is Marginal benefit, purchasing power, and substitutes.
The demand curve is a graphical representation of the relation between the quantity of demand for a good or service and the price of the good and service for a given period of time. The demand curve became important to companies or businesses when businesses make a pricing decision. These are the three main reasons Marginal benefit, purchasing power, and substitutes.
The demand curve will slope downward when the price of goods or services is lower. The lower price will lead to a higher quantity of demand.
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For each of the following note disclosures, indicate whether the disclosure would likely appear in (A) the summary of significant accounts policies or (B) a separate note. A/B Note disclosures (1) Depreciation method (2) Contingency information (3) Significant issuance of common stock after the fiscal year-end (4) Cash equivalent designation (5) Long-term debt information (6) Inventory costing method
Disclosures, indicate whether the disclosure would likely appear in the correct option is B, a separate note.
What do disclosures mean?Making facts or information public is a process called as disclosure. Making relevant information known to consumers, investors, and analysts is the act of a firm providing proper disclosure.Disclosure is characterized as a revelation or a revelation. The declaration of a family secret is an illustration of disclosure. The revelation of a family secret is an illustration of a disclosure.The goal of disclosure is to make available evidence that either strengthens or weakens the various parties' arguments.Disclosures, indicate whether the disclosure would likely appear in the correct option is B, a separate note.To learn more about Disclosures refer to:
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if you want to know how much you need to invest today at 12 percent compounded annually in order to have $4,000 in five years, you will need to find a(n)___value. a) present b) idealistic c) past d) future
If you want to know how much you need to invest today at 12 percent compounded annually in order to have $4,000 in five years, you will need to find a present value.
What is the present value?
Given a certain rate of return, present value (PV) is the current value of a future financial asset or stream of cash flows. The discount rate determines how much future cash flows are discounted, and the higher the discount rate, the lower the present value of those future cash flows will be. The secret to accurately valuing future cash flows, whether they be earnings or debt obligations, is choosing the right discount rate. In order to calculate the current value, it is necessary to make the assumption that the money could receive a certain rate of return. The predicted cash flows from an investment are discounted to the present to determine the present value.
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which of the following are money market instruments? check all that apply. commercial paper certificates of deposit preferred stocks long-term bank loans common stocks
Commercial paper and Certificates of deposit are money market instruments. the other options are business instruments.
The word "money markets" refers to marketplaces for financial products such term certificates of deposit, commercial paper, Treasury bills, interbank loans, money market mutual funds, and securities lending and repurchase agreements. A part of the economy that offers short-term funding is the money market. Short-term loans are often made on the money market for a year or less. Unorganized marketplaces include money markets. For a brief time, financial institutions, banks, brokers, and money dealers do business. Local and foreign merchants that want quick access to capital can get it through the money market. It offers a provision for bills of exchange to be discounted, which enables quick financing for the purchase of goods and services. The acceptance houses and discount marketplaces are advantageous to international dealers.
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paul wants to invest a sum of money today that will accumulate to $51,000 at the end of 4 years. assuming he can earn an interest rate of 8% compounded semiannually, how much must he invest today? (pv of $1, fv of $1, pva of $1, and fva of $1) (use appropriate factor(s) from the tables provided.)
We may use the present value of an annuity factor calculation to calculate the present value of $51,000 that will be received in 4 years at a semi-annual interest rate of 8%: PV = FV divided.
by (1 + r/n) (nt) Where PV denotes the present value FV stands for future value ($51,000). The semi-annual interest rate (r) is 8%. The number of compounding periods in a year is denoted by n. (2) t represents the number of years (4) Filling in the blanks PV = $51,000 / (1 + 0.08/2)^(2 * 4) PV = $51,000 / (1.04)8 PV = $51,000 / 1.408467 PV = $36,218.83 PV = $36,218.83 may use the present value of an annuity factor calculation to calculate the present value of $51,000 that will be received in 4 years at a semi-annual interest rate of 8%: PV = FV divided. So, Paul needs invest $36,218.83 now in order to acquire $51,000 in four years at an interest rate of 8% compounded semi-annually.
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Smartphones are advanced mobile phones with Internet, photo, and music and video capability (The Pew Research Center, Internet & American Life Project, 2011). The following survey results show smartphone ownership by age.Age Category Smartphone (%) Other Cell Phone (%) No Cell Phone (%)18-24 49 46 525-34 58 35 735-44 44 45 1145-54 28 58 1455-64 22 59 1965+ 11 45 44a. Construct a stacked bar chart to display the above survey data on type of mobile phone ownership. Use age category as the variable on the horizontal axis.b. Comment on the relationship between age and smartphone ownership.c. How would you expect the results of this survey to be different if conducted in2021?
Modern cell devices with Internet, photo, audio, and video capabilities are known as smartphones. Age-specific smartphone ownership is seen in the below. Mobile phone Age Category (%) Additional Cellular (%) No Cellular (%)
a. A stacked bar chart can be used to display the survey data on mobile phone ownership by age. Each bar in the chart would represent a different age category, with the height of the bar representing the percentage of respondents in that category who own either a smartphone, other cell phone, or no cell phone. The height of each section of the bar would represent the percentage of respondents in that category who own a particular type of mobile phone.
b. The relationship between age and smartphone ownership is an inverse one, with younger age categories having a higher percentage of smartphone ownership and older age categories having a lower percentage of smartphone ownership. This is likely due to younger generations being more familiar and comfortable with technology.
c. If the survey were conducted in 2021, it is expected that the results would show an even higher percentage of smartphone ownership among all age categories, as smartphones have become even more prevalent and accessible. Additionally, the gap between smartphone ownership among younger and older age categories may have decreased, as older generations continue to adopt smartphones and become more familiar with the technology.
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removename this method takes a list of people and name for which to search. it removes all names that contain the search string. it should print to the console any names that were removed.
ArrayList is a part of the Java collection framework and it is a class of java.util package.
What is an ArrayList in Java?The java.util package contains the ArrayList class, a resizable array. In Java, a built-in array and an ArrayList vary in that an array's size cannot be changed; instead, a new array must be created if you want to add or remove entries from an existing one.Java's ArrayList is used to hold collections of elements that change in size dynamically. An ArrayList automatically expands in size when new elements are added to it, unlike Arrays, which have a fixed size. Java's collection foundation includes ArrayList, which implements the List interface.The size of the items must always be specified because the array is a fixed-sized data structure. The size of the ArrayList, however, is not necessary to be mentioned when constructing its object because it is not a data structure with a defined size.Program :
public ArrayList<Person> people;
public void remove(String name){
for(Person i : people){
if (people.contains(name)){
people.remove(i);
}
}
}
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When a company buys equipment for $150,000 and pays for one third in cash and the other two thirds is financed by a note payable, which of the following is one of the effects on the fundamental accounting equation?
cash decreases by $50,000.
total assets increase by $200,000.
liabilities increase by $150,000.
equipment increases by $100,000.
cash decreases by $50,000 is one of the effects on the fundamental accounting equation.
Accounting, which is sometimes referred to as simply "accounting," is the act of gathering, analysing, and disseminating financial and other data on enterprises and corporations. Accounting is the activity of maintaining the accounting records of a company's financial transactions. Accounting, usually referred to as accounting, is the measurement, processing, and transmission of financial and non-financial information concerning economic organisations like firms and corporations. Accounting is the process of documenting a company's financial activities. These transactions are summarised, examined, and reported to oversight organisations, regulatory bodies, and tax collecting organisations as part of the accounting process. The practise of documenting a business's financial transactions is referred to as basic accounting.
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T/F david ricardo believed factory workers should work in areas where they have a clear advantage and trade for other necessities.
The given statement "David Ricardo believed factory workers should work in areas whereby they have a clear advantage and trade for other necessities" is true because it correctly indicates what David Ricardo believed about factory workers.
David Ricardo was a classical economist who believed in comparative advantage, the idea that countries (or in his case, regions) should specialize in producing goods in which they have a lower opportunity cost and trade for goods in which they have a higher opportunity cost. He argued that this leads to a more efficient allocation of resources and overall economic growth. He believed that workers should work in areas where they have a comparative advantage and trade for other necessities.
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one of the benefits of the g.i. bill is that the will pay for four years of college tuition.
On occasion, the GI Bill may make children and the surviving spouse of a dependant Veteran eligible for financial aid for their education.
What are the benefit of the G.I. Bill of Rights?To almost all of the World War II military personnel, this bill offered numerous useful financial awards. Loans with low interest rates were made available, as well as low cost mortgages. Benefits included a year of unemployment compensation, reduced tuition costs, and assistance with living expenses while attending college or a trade school.
The two main GI Bill programs that provide survivors and dependents of Veterans with financial aid for their education are the Marine Gunnery Sergeant John David Fry Scholarship and the Survivors' and Dependents' Educational Assistance (DEA) Program.
Children and the surviving spouse of a Veteran who is dependent may occasionally be eligible for financial aid for their education under the GI Bill.
Therefore, the correct answer be option B. tuition for vocational and college education.
The complete question is;
What was one benefit of the G.I. Bill of Rights?
A. increased availability of low-income housing in cities
B. tuition for vocational and college education
C. a higher federal minimum wage for all workers
D. expanded welfare benefits to dependents of veterans.
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A significant recent trend in the provision of financial services is that households increasingly prefer denomination intermediation and information services provided by
A. mutual funds and money market mutual funds.
B. commercial banks.
C. insurance companies.
D. hedge funds.
E. investment banks.
A significant recent trend in the provision of financial services is that households increasingly prefer denomination intermediation and information services provided by insurance companies.
By financial, what is meant?
Investing, borrowing, lending, budgeting, saving, and predicting are all included in the definition of finance, which is the management of money. Personal, business, and public/government finance are the three basic categories.
The word finance also came into use in the 15th century, but it was derived from the Anglo-French finer, which both meant "to end" and "to pay," and it was used to refer to an end or a payment in English. The phrase first used in the 18th century and came to mean money and money management.
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FILL IN THE BLANK marketing ______ sports involves the strategic marketing efforts of companies in which they partner with a sports entity for some commercial benefit.
Marketing through sports involves the strategic marketing efforts of companies in which they partner with a sports entity for some commercial benefit.
What does "strategic sports marketing" entail?A marketing technique that uses an athlete or a team to promote sporting events, gear, goods, and services is known as sports marketing. Using a sportsperson or a team has a single, obvious goal. The audience is directly impacted by an athlete or team acting as an influencer.
Sports marketing is a component of sports promotion that spans a number of different sports-related industries, including broadcasting, advertising, social media, digital platforms, ticket sales, and community relations.
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animal toys produced beautifully made stuffed animals that many customers wanted. however, the product was so expensive that most potential customers could not afford it. which of the following applies to this scenario?
The product was so expensive that most potential customers could not afford it. Low efficiency and high effectiveness apply to this scenario.
What is efficiency?
Efficiency involves carrying out tasks correctly, whether those entails working more quickly, using fewer resources, completing significant projects on a tighter budget, or in any other way accomplishing "more" with "less." You need efficiency and efficacy to lead a genuinely exceptional team.
What is effectiveness?
Being effective requires focusing on the "right" things that promote organizational goals and add value to the business. Today, few teams are successful in connecting their ongoing work to broader organizational objectives.
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the general ledger summarizes the transactions in journals. summarizes the information on the trial balance. is posted in total to the general journal. only includes balance sheet accounts.
Journal transactions are compiled by account balances in the general ledger. Each transaction must be periodically posted from journals to the general ledger.
Why is a trial balance created? A set of credit and debit entries known as a trial balance is what companies use to internally evaluate their double-entry accounting systems. The objective is to check that all debits and credits add up to a total of all credits and to see whether any transactions have been done in the wrong account.A trial balance is a spreadsheet used in bookkeeping that contains the ledger balance broken down into credit and debit sections. To create the balance sheet, use this worksheet. The purpose of creating a trial balance is to confirm the accuracy of the recorded transactions in math.The accounting report known as a trial balance contains the closing balances of the several general ledgers of the organization.To learn more about trial balance, refer to:
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question 2 of 4 note: enter your answer and show all the steps that you use to solve this problem in the space provided. complete the following transactions and explain how they would appear in your register. your beginning balance on october 1 is $542.89. you pay land electric $43.90 on october 7. (check #400) you deposit your paycheck on october 23 ($7.25/hour for 40 hours/wk for 2 weeks with deductions of fica (7.65%), federal withholding (12%), and state withholding (8.75%). you buy $78.54 plus 6% sales tax in clothes from fitright on october 24 using your debit card. be sure to include in your response: the steps you followed to complete your computations. the balance as of october 24 the process for entering the transaction in the registry
The answer to the provided expression for multiplication is 13.5424, and it has a positive sign.
Multiplication is what?Calculating the sum of two or more numbers is the procedure known as multiplication in mathematics. When two integers are multiplied together in mathematics, the result is a product, or an expression that describes the factors to be multiplied.
Calculating the sum of two or more numbers is the procedure known as multiplication in mathematics.
E = (-1.15) x 3.2 x (-1.15) x 3.2 E = -1.15 x 3.2 x -1.15 x 3.2 E = -3.68 x -1.15 x 3.2 E = 4.232 x 3.2 will be used to solve the given multiplication formula.
E= 13.5424
As a result, 13.5424 is the answer to the given multiplication expression, and it has a positive sign.
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Assuming semiannual compounding, what is the price of a zero coupon bond with 5 years to maturity paying $1,000 at maturity if the YTM is (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):
Price of the Bond
a. 3 percent $
b. 8 percent $
c. 13 percent $
Assuming semiannual compounding, the price of a zero coupon bond with 5 years to maturity paying $1,000 at maturity if the YTM is
a. 3 percent $738.65
b. 8 percent $620.70
c. 13 percent $503.90
How to find the price of a zero coupon bond?To find the price of a zero coupon bond, you can use the formula:
Price = Par value / (1 + YTM/2)^(Years to maturity * 2)
a. Price at 3% YTM:
Price = $1,000 / (1 + 0.03/2)^(5 * 2)
Price = $1,000 / (1 + 0.015)^10
Price = $738.65
b. Price at 8% YTM:
Price = $1,000 / (1 + 0.08/2)^(5 * 2)
Price = $1,000 / (1 + 0.04)^10
Price = $620.70
c. Price at 13% YTM:
Price = $1,000 / (1 + 0.13/2)^(5 * 2)
Price = $1,000 / (1 + 0.065)^10
Price = $503.90
Therefore the price of the bond at 3% YTM is $738.65, at 8% YTM is $620.70, and at 13% YTM is $503.90.
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When prices are rising at a rate of 3 percent, the cost of products and services would double in ______ years
When prices are rising at a rate of 3 percent, the cost of products and services would double in 24 years.
The product cost refers to the expenses incurred in the production of a product. Direct labor, direct materials, consumable production supplies, and factory overhead are all included in these costs. Labor costs for providing a service to a customer can also be included in the product cost.
Direct materials, direct labor, and allocated factory overhead are all part of the product costs. General and administrative expenses such as rent, office depreciation, office supplies, and utilities are included in period costs.
Product costs are the direct costs of making a product. For example, a manufacturer's product costs would include: direct labor. The raw materials. Supplies for the manufacturing industry.
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Full Question :When prices are rising at a rate of 3 percent, the cost of products and services would double in ______ years.
12
36
3
24
Identifying and Selecting Systems Development Projects
J. K. Choi, chief financial officer for Petrie Electronics, came early to the quarterly IS Steering Committee meeting.
Choi, who was the chair of the committee, took his seat at the head of the big table in the corporate conference room. He opened the cover on his tablet PC and looked at the agenda for the day’s meeting. There were only a few proposed systems projects to consider today. He was familiar with the details of most of them. He briefly looked over the paperwork for each request. He didn’t really think there was anything too controversial to be considered today. Most of the requests were pretty routine and involved upgrades to existing systems. The one totally new system being proposed for development was a customer loyalty system, referred to internally as “No Customer Escapes.”
Choi chucked at the name as he read through the proposal documents. “This is something we have needed for some time,” he thought. After about 15 minutes, his administrative assistant, Julie, came in. “Am I late or are you early?” she asked. “No, you’re not late,” Choi said. “I wanted to come in a little early and look over the proposals. I wasn’t able to spend as much time on these yesterday as I wanted.” As Julie was about to respond, the other members of the committee started to arrive. First was Ella Whinston, the chief operating officer. Choi knew that Ella was the champion for the customer loyalty project. She had talked about it for years now, it seemed to Choi. One of her people would make the presentation in support of the system.
Choi knew she had buy in on the project from most of the other members of the c-suite. He also knew that Joe
Swanson, Petrie director of IT, supported the project. Joe was away, but his assistant director, Jim Watanabe, would attend the meeting in his place. Ella had already let it be known that she expected Jim to be the project manager for the customer loyalty system project. Jim had just joined the company, but he had had five years of experience at Broadway Entertainment Company before its spectacular collapse. “Good thing I unloaded all that BEC stock I owned before the company went under,” Choi thought. That reminded him of the meeting he had later today to plan the annual stockholders’ meeting. “Better not let the steering committee meeting run too long,” he thought. “I’ve got more important things to do today.”
Next to arrive was John Smith, the head of marketing. John, who was also a member of the steering committee, had been with Petrie for most of his career. He had been with the company longer than anyone else on the steering committee. Just then, Jim Watanabe came speeding into the conference room. He almost ran into John Smith as he sailed into the room. It looked like he was about to drop his tablet and spill his coffee on Smith. Choi chuckled again. “Welcome, everyone,” Choi said. “I think we are all here. You all have copies of the agenda for this morning’s meeting. Let’s get started.” “Sorry to interrupt, JK,” Ella said. “Bob Petroski is not here yet. He will be presenting the proposal on the customer loyalty system project. I don’t know where he is. Maybe he got held up in traffic.” “The customer loyalty system discussion is the last item we will discuss today, so we can go ahead with the rest of the agenda. Bob does not need to be here for anything except that discussion,” Choi explained.
Choi looked around the table once more. “OK, then, let’s get started. Let’s try to keep to the agenda as much as possible. And let’s watch the clock. I know we are all busy, but I have a very important meeting this afternoon.
Julie, see if you can locate Bob.”
Case Questions
1. What is an IS steering committee? What are its major functions? Typically, who serves on such a committee?
Why do these committees exist?
2. Where do ideas for new information systems originate in organizations?
3. What criteria are typically used to determine which new information systems projects to develop? What arguments might Bob Petroski make for developing the proposed customer loyalty system?
4. What kind of information would you need to have to be able to put together a table like to present to the steering committee? How much of that information is objective? Subjective? Justify your answer.
A Steering Committee is a collection of senior advisers chosen to lead and manage an organization or administrative division.
What is a committee?
Committees keep an eye on existing government activities, spot problems that warrant legislative scrutiny, compile and assess data, and suggest actions to take.
The advisory board receives and evaluates each request for the advancement and enhancement of important information services, and it establishes the priorities, timelines, and resource needs, among other things. The senior managers sit on it. A working group is in charge of and controls an enterprise or a portion of it.
It comes from the IT division.
The steering committee has the best knowledge of how to plan and execute a project, therefore we should choose the methods to align tasks, goals, and the final product correctly.
Information that is objective includes the advantages of new projects, while material that is subjective alludes to factors like client impact, etc.
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which of the following sentences does not contain a long lead-in? group of answer choices i am writing this letter to inform you that our return procedure has changed. please be advised that our meeting location has changed. please share your concerns with your supervisor. you might be interested to learn that an updated model is available.
The answer is please be advised that our meeting location has changed, is the sentence that does not contain a long lead-in.
What is the greatest way to define a sentence?A word, clause, or phrase, or a collection of clauses or phrases, that, when spoken, indicates an assertion, a question, an order, a wish, an exclamation, or the performance of an action, and that, when written, often starts with a capital letter and ends with the proper end punctuation, is.
What's an illustration of one sentence?The three fundamental components of a sentence—a subject, a verb, and a finished thought—are present in a simple sentence. The following are some illustrations of basic sentences: For the train, Joe waited. The train arrived late.
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