It is true that the side of the account that is increased is called the normal balance of the account.
All sort of asset accounts have a normal balance at the debit side of the T account. And, it is associated with the left side of the equation i.e. liability and owner equity’. A normal balance refers to the debit or credit balance that’s basically expected from a certain account.
This concept of normal balance is actually used in the double-entry method of accounting. In a business asset account, for example, the normal balance would consist of debits . You can expect your asset account to have a debit normal balance. You can expect your credit account to have a credit normal balance.
The increasing side of the account is the normal balance. The normal balance for asset and expense accounts is the debit balance, while for income, equity, and liability accounts it is the credit balance.
An account's normal balance is on the side where increases go because the increases in any account are usually greater than the decreases.
Therefore the normal balance of an account is the side of the account that is positive or it is increasing.
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What is paulie's opportunity cost of producing one cup of ice cream (round to two decimal places)?
Paulie's opportunity cost of producing one cup of ice cream is 8.5 t-shirts.
What is the opportunity cost?The potential benefits that a person, investor, or business forgo while choosing between two possibilities are known as opportunity costs. Opportunity costs can be easily disregarded since they are by nature invisible. Understanding the potential opportunities missed when a business or individual chooses one investment over another is necessary for making wiser decisions.
To accurately calculate opportunity costs, it is necessary to balance the benefits and drawbacks of each option.
Opportunity costs have a value that can assist individuals and organizations in making more profitable choices.
Here, the opportunity cost for Paulie for ice cream will be calculated by dividing 17 by 2 Thi will be:
= 17 / 2
= 8.5 t-shirts
Therefore Paulie's opportunity cost of producing one cup of ice cream is 8.5 t-shirts
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Under which act (or acts) may liability charges be filed against a cpa who has performed a financial statement review for a public company?
When fees for the prior year audit are still owed, publishing the current year audit report. Pursuant to Section 19(1) of Comptroller and Auditor-General's Duties, Powers and Conditions of Service Act, 1971, audit of the accounts of Government companies is conducted by the Comptroller and Auditor General (C&AG) in accordance with the provisions of the Companies Act, 1956.
To their clients, the shareholders, CPAs are typically liable for either slight or egregious negligence. By becoming a limited liability corporation, CPAs can avoid any personal culpability. A CPA cannot be held accountable for an audit unless they have audited all of the company's affiliates.
When CPA ethics and standards are broken, the consequences can be severe and range from a CPA losing their employment to criminal prosecution to a loss of business for an accounting company.
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A ______ is a product or service that adds value to the original product offering.
A product or service that adds value to original product offering is known as complement. The correct answer to this question is complement good or service
The usage of complement goods is directly related to another linked or associated good or a paired good, i.e We can say two goods are complementary to each other. Complement goods are also called complementary goods as they are usually used or consumed together with other goods.
Complimentary service is a service that comes with a product for support. They are the services that are offered in addition to any business's service and help the customer in using that service.
Complementary goods must have relationship (functional) with other goods. Therefore, these products are also often referred to as paired goods. These goods add value to other goods and cannot be used without each other.
Therefore, Complementary products or services are those products or services that add value to the original product.
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Accounting statements represent a company’s earnings, but this is not the real cash that a company generates. Earnings data can be manipulated and can be deceiving. Thus, corporate decision makers and security analysts focus on the free cash flow that a firm generates to analyze the company’s real cash position. True or false?.
TRUE, accounting statements represent a company’s earnings, but this is not the real cash that a company generates. Earnings data can be manipulated and can be deceiving. Thus, corporate decision makers and security analysts focus on the free cash flow that a firm generates to analyze the company’s real cash position.
A company, abbreviated as co., is a legal entity representing an affiliation of human beings, whether or not herbal, crook or a aggregate of both, with a specific goal. Employer contributors share a not unusual reason and unite to acquire specific dreams.
An organization is a prison entity normal by way of a fixed of human beings to interact in and perform a commercial business enterprise in a commercial enterprise or business capacity. An employer's enterprise line depends on its form, which can range from a partnership to a proprietorship, or even an employer.
An employer is a kind of employer shape that is a separate criminal entity from its owners. It's a complicated business shape, with higher set-up and administrative costs due to more reporting requirements and better-degree prison obligations.
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An employee makes an hourly rate plus any tips they earn. this tip employee made a total of $400 by working 28 hours last week. if $253 of their total earnings was their tips, what is their hourly rate of pay? a. $5.25 b. $5.61 c. $8.82 d. $9.04 please select the best answer from the choices provided a b c d
Answer: A
Explanation:
If a lender makes a simple loan of $ for one year and charges $ interest, then the simple interest rate on that loan is:________
To compute simple interest, multiply the principal portion by the interest rate and the time. The formula written out is
Simple Interest = Duration.x Interest Rate xPrincipal
This equation is the easiest way of computing interest.
How do you calculate interest in one year?Firstly, multiply the principal P, interest in rate R, and tenure T in years. For yearly interest, split the result of PxRxT by 100. To get the monthly interest, split the Simple Interest by 12 for 1 year, 24 months for 2 years, and so on.
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in the case of post-it notes, the primary strategic process described came from which of the following?
For post-it notes, planned emergence was the main strategic process that was described.
So, it can be concluded that the primary strategic process came from planned emergence. The product was developed over several years by Arthur Fry and Spencer Silver as an emergent process utilizing a "bottom-up" strategy to persuade more senior management of the idea's viability.
The methods, tools, and theories of traditional planned company strategy are heavily emphasized in your studies of business management and strategy. Planned strategy is built on a structured procedure for establishing company goals and creating a cohesive business plan intended to meet those goals with the resources at hand. Consequently, planned strategy refers to the official corporate planning procedure.
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When calculating the balance of the sales revenue account, you find that the balance is lower than expected. However, according to your balance sheet and your analysis of the accounting equation, all of your debits and credits are equal across accounts. What is the most likely explanation for this?.
A sales transaction was never added to the ledger or financial records because you neglected to enter it in the diary.
The assets made by a company's operations and business activities are its revenues. To put it another way, revenues comprise the money or receivables a business receives from the sale of its products or services. The income account has a credit balance and is an equity account. Therefore, a credit to the revenue T-account results in a rise in the account balance. The enlarged accounting equation demonstrates how revenues raise equity. Because revenues or income are often only created, unlike other accounts, revenue accounts are rarely debited. A business seldom has its income taken away. Only when items are returned and purchases are reimbursed does the revenue account be deducted. The initial transaction is voided in this situation, thus the recorded sale must be reversed.
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True or false: there is only one method for preparing the statement of cash flows.
It is a false statement that there is only one method for preparing the statement of cash flows.
What is a statement of cash flows?In accounting, this refers to the financial statement that provides an aggregate data regarding all cash inflows a company receives from its ongoing operations and external investment sources.
Because there is a direct and indirect statement of cash flows, then, It is a false statement that there is only one method for preparing the statement of cash flows.
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The requirement that if one product or service is purchased then another product or service must also be purchased, even if not desired by the customer, is called?
In antitrust law, the requirement is that if one product or service is purchased, another product or service must also be purchased, even if the customer does not desire it is called a Tie-in Sale.
What is Tie-in Sale?
The selling of one product to a customer with the clearly stated need that they also buy another product. The consumer could not desire the second item, or she might be able to find it cheaper elsewhere. Tie-in agreements that impede competition are prohibited.
Tie-in sales are a sort of restrictive trade practice that involves a supplier requiring that the product's buyer fulfill certain conditions.
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Why does demand not change when the price of a good changes with no change in the other influences on buying plans?
Due to the fact that demand contains different prices and different quantities, demand (the table or the graph) does not change when the price changes.
Why an increase in the price of a good does not change the demand for the good?Demand is not determined by price, hence a change in price does not result in a change in demand. Ceteris paribus, the quantity demanded will shift, and the demand curve will move, if the price of new cars varies. A shift in the price of a good or service does not modify the demand curve; rather, it causes movement along a particular demand curve and often results in some change in the quantity sought. The left-hand graph lists potential demand-increasing circumstances.
Due to the fact that demand contains different prices and different quantities, demand (the table or the graph) does not change when the price changes. Demand does not determine how much we purchase. Note that the ceteris paribus premise is part of our definition of demand. Only the price and quantity desired vary when we create a demand curve.
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A person or an organization that helps another organization sell its goods and services to customers is called a(n) ______.
A person or an organization that helps another organization sell its goods and services to customers is called a(n) distributor.
What is services to customers ?
Customer service today is providing proactive and prompt assistance to clients whenever they need it via the channel of their choosing, including . Customer service is now seen by enterprises across industries as a strategic function due to how crucial it is.
Therefore
A person or an organization that helps another organization sell its goods and services to customers is called a(n) distributor.
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Nterest-only mortgages, temporary buydowns, and hybrid arms all might be of particular interest to home buyers who:______.
Interest-only mortgages, temporary buydowns, and hybrid arms all might be of particular interest to home buyers who anticipate that their pay should increment considerably in the following couple of years.
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How to prepare a check to replenish the fund for the expenditrues made since may 1?
Answer:
No , silly American..
Explanation: Cuz I'm from Russia
Scanner data that provides information on purchases by brand, size, price, and flavor or formulation are called ________.
Scanner data that provides information on purchases by brand, size, price, and flavor or formulation are called volume-tracking data.
What is volume tracking data?
Volume Tracking defines how a certain volume is deformed in the flow. This means that flow inside the volume is measured indirectly. To minimize this limitation, Volume Tracking and particle tracing can be used simultaneously.
What is scanner data?
Scanner data are the data recorded by the retailers when consumers purchases something . They consist of , for each article sold in a store on a given day, the number of articles sold and the sales price. They are exchange daily by the retail chains.
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Being able to manage interactions successfully by using your knowledge of your emotions and the emotions of others is known as:_________
Being able to manage interactions efficiently through the use of the knowledge of your feelings and the emotions of others is referred to as Emotional intelligence.
Knowledge is described as what is found out, understood, or aware of. An instance of expertise is mastering the alphabet. An instance of information is having the potential to discover a region. An example of understanding is remembering information about an event.
Knowledge sharpens our talents like reasoning and problem-solving. A robust base of information helps the brain's characteristics more easily and efficiently. We emerge as smarter with the power of understanding and clearing up issues without problems. * ordinary life- know-how is essential and useful in each day's activities.
The 'Knowledge is electricity' method is that a person has training and a complete management of his life through the use of the strength of knowledge. The capability to acquire knowledge, hold and bypass it directly to the future generation makes the guy effective. It allows him to govern the forces of nature and use them for his gain.
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______ business processes are static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and closing processes.
Regular company operations that are static, routine, and static, such checking out customers, stocking products, or opening and shutting every day. attempts to comprehend the current procedure, measure it, and then enhance performance accordingly.
Financial planning, growth strategies, and stakeholder interactions are examples of strategic business processes, which are dynamic, non-routine, long-term business processes. Employees regularly assess how well the business is able to identify, respond to, and use change at the operational level.
Business operations processes. static, regular, and daily. automation. process of automating manual processes to increase productivity and dramatically reduce operating costs.
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The central organizing tenant of the file-oriented approach is to store data related to :__.
a. an entity.
b. a transaction cycle.
c. a business division.
d. a specific program.
The central organizing tenant of the file-oriented approach is to store data related to a specific program. Thus the correct option is D.
What is data?Raw Information that has been converted into a structured format that is useful for transmission or process is referred to as data. Facts, numbers, or information that is saved in or accessed by a computer.
Storing information relating to a particular application is the main organizational concept of the file-oriented approach. Programs are designed with content that enables participants to study subjects specifically.
Therefore, option D is appropriate.
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If the customer sells the pdq position, how much cash can be withdrawn from the sale proceeds?
a. $1,500
b. $3,000
c. $4,500
d. $6,000
The correct option is (B) $3000
$3000 cash can be withdrawn from the sale proceeds.
What is a PDQ in business?Any business that wants to accept payments from customers using debit or credit cards must pay close attention to the initials PDQ, which stands for Process Data Quickly. That's because "machine" is typically used after "PDQ," therefore a PDQ machine is another name for a Chip and PIN machine.
What do PDQ sales stand for?Production data acquisition (PDA), also known as BDE or PDC, is the process of gathering data about a business's operations. In order to be useful and pertinent in achieving an organization's overall macro production or productivity goals, production or operating data must be consciously monitored, tracked, and collected.
This account is restricted because it is below a 50% margin. 50% of any sale proceeds in a restricted margin account must be kept in the account (the retention requirement). The customer may borrow the remaining 50% after it has been released to SMA. 50% of $6,000 sale = $3,000.
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The complete question is:
“A customer margin account shows: 100 shares of ABC $50 300 shares of DEF $80 200 shares of PDQ $30 Debit = $20,000 SMA = $4,500 Reg. T = 50% If the customer sells the PDQ position, how much cash can be withdrawn from the sale proceeds?
a. $1,500
b. $3,000
c. $4,500
d. $6,000”
Suppose the working age population (wap) is 300 million. if the unemployment rate (ur) is 5 nd there are 228 million employed (e), what is the labor-force participation rate (lfpr)?
Based on the working age population and the unemployment and employment numbers, the labor-force participation rate is 77.7%
What is the labor-force participation rate?The labor-force participation rate can be found by the formula:
= Labor force / Working age population
The labor force is:
= Unemployed people + Employed people
The labor-force participation rate is therefore:
= (5 + 228) / 300
= 233 / 300
= 0.7767
= 77.7%
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Corporate _______ is the system of company oversight designed to ensure that the interests of owners and other stakeholders are protected. multiple choice question. administration
Corporate governance is the system of company oversight designed to ensure that the interests of owners and other stakeholders are protected.
What is company?
The term "company" refers to the legal entities that are legally registered in accordance with the Company Act. The company's main goal is to earn a higher profit, and they maintain goodwill.
"Corporate governance" refers to a system of direct and indirect constraints. The company's governance is the responsibility of its owner. The job of the shareholders is to appoint directors and to protect themselves.
Hence, the corporate governance as the designed to the owners and the stakeholders to protected.
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A greater focus on underlying customer needs than on existing customer wants leads to marketing myopia.
a. true
b. false
The statement is FALSE. A greater focus on underlying customer needs than on existing customer wants WON'T lead to marketing myopia.
When the management "ignores" (not focus on) underlying consumer needs and concentrate exclusively on existing wants, marketers are described as having marketing myopia. Marketing myopia can also result from just concentrating only on the company's products.
The management should prioritize increasing the effectiveness of production and distribution. One of the earliest selling orientations is this idea and in some circumstances, this production philosophy is still very helpful to this day.
The majority of marketing strategies place a strong emphasis on product quality and improvement. Marketing myopia, on the other hand, might result from concentrating solely on items.
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Budget company pays a dividend to its shareholders for $5,000. recording this transaction will include a debit to?
The budget company pays a dividend to its shareholders for $5,000. recording this transaction will include a debit to dividends.
A shareholder of a company is a man or woman or felony entity that is registered by means of the enterprise because of the legal proprietor of stocks of the share capital of a public or private organization. Shareholders may be referred to as members of an agency.
A shareholder is any character, company, or group that owns shares in an enterprise's stock. An employer shareholder can hold as little as one percent. Shareholders are difficulty to capital profits (or losses) and/or dividend bills as residual claimants on a firm's earnings.
The definition of a shareholder is someone who owns shares in an organization. a person who owns inventory in Apple is an instance of a shareholder.
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When setting up mobile cranes the minimum clearance between the rotating upper works and fixed should be?
The spinning upper works and fixed shall have a minimum distance of 10 feet with encroachment protections.
A mobile crane is what?
Mobile cranes are an important piece of machinery that are pulled by cables and pulleys and installed on a prime mover. Their layout makes it easier for them to get to and from various locations. They often don't take much work to assemble or set up.
Essentially, the crane moves a boom from which a hook is suspended by a wire rope. The wire ropes are then moved by the prime mover.
As the years pass, more and more varieties of mobile cranes are produced, each with a unique use and a number of benefits over fixed cranes. These cranes' main benefits are that they are simple to use.
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Which part of the constitution is mainly responsible for enumerating the powers of the national government?
Article 1, section 8 of the constitution is mainly responsible for enumerating the powers of the national government
What is constitution?A constitution is a set of fundamental laws that establishes how a nation or state is to be governed. Most constitutions are "codified," which essentially means they are detailed in a unique text known as "the constitution."
However, several nations have "un-codified" constitutions that are not properly written down in one specific place, including Israel, New Zealand, and the United Kingdom. Basic components of constitutions often comprise the following:
An emotional introduction that outlines the constitution's goals is referred to as a preamble.a thorough explanation of the power-sharing arrangements between the legislative, executive, and judicial departments of governmenta commitment to upholding certain fundamental rights for all of the nation's residents.Learn more about constitution
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It is important for a good economic model to predict cause and effect so that it can?
The ability to forecast cause and effect is crucial for a solid economic model since it enables it to both explain past events and foresee potential future ones.
A model of the economy's importance
Its main goal is to describe and examine the prices and volume sold in a market that is competitive. In relation to price and other factors, the equations of the model define the level of supply and demand (for example, income).
What conclusions do economic models draw?
A simplified representation of reality, an economic model enables us to observe, comprehend, and forecast economic phenomena. A model's goal is to simplify a complex, real-world scenario so that only the most important elements remain.
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The market clearing price where the quantity demanded by consumers equals the ____________ by producers.
The market clearing price where the quantity demanded by consumers equals the supply by producers.
It is called equilibrium price.
What is equilibrium price?The cost to the customer of a good or service at an equilibrium price, sometimes referred to as a market-clearing price, is determined by supply and demand being equal or nearly equal. Customers have access to all the units they wish to purchase, and manufacturers and vendors are free to move as many units as they like.
Coffee is a commodity with a stable market. Prices won't tend to alter unless the supply or demand curves adjust. The price at which quantity requested equals amount supplied is known as the equilibrium price in any market. Due to this, $6 a pound of coffee is the market's equilibrium price.
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As marketers embraced the concept of integrated marketing communications, they began asking their ad agencies to rely primarily on media advertising. True or false
As marketers adopted the idea of integrated marketing communications, they started to request from their advertising agency that they integrate the application of diverse range of advertising techniques rather than depending primarily on media advertising. As a result, the claim is FALSE.
Many brands started to explore outside the box of conventional ad agencies and employ multiple types of marketing expertise.
"Integrated Marketing Communications" techniques include:
- build and strengthen connections with clients
- seeks to have all marketing initiatives present a cohesive, consistent picture to the public such as in media advertising
- acknowledges that every engagement across a myriad of touch points is a chance to realize the corporate identity
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If brazil gives up 3 automobiles for each ton of coffee it produces, while peru gives up 7 automobiles for each ton of coffee it produces, then:_____.
If brazil gives up 3 automobiles for each ton of coffee it produces, while peru gives up 7 automobiles for each ton of coffee it produces, then Brazil should focus on producing coffee because it has a competitive edge in this area.
What does Brazil have a comparative advantage in?
Brazil is rich in minerals, especially iron ore, but it also has oil and other basic materials. Although technically speaking they are economic rents rather than comparative advantages, they nonetheless exist and the majority of other nations do not.In terms of actual comparative advantage, it is the low-cost producer of a number of agricultural items, most notably sugar, where Brazil is unquestionably the global heavyweight, but also soy, cotton, coffee, and other crops, as well as beef, poultry, and other protein.Brazil's issue is not its producing side. In general, they are effective producers. It relates to infrastructure. Usually, the top three producers of most commodities are the US and Brazil.To know more about comparative advantage in Brazil visit:
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The new york times reported that the average base salary of a data scientist is $85,000 competitive bonus.
a. true.
b. false
The New York Times reported that the average base salary of a data scientist is an $85,000 competitive bonus is a false statement. Thus, option B is correct.
What is the salary?A salary can be defined as the amount that is paid to a person by the employer for the work that he or she has done.
The report that said the data scientist's average salary is around, $85000 with a competitive bonus is a wrong statement as the package value of that person will be greater than the general amount that is going on for that particular job for a data scientist. Therefore, option B is the correct option.
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