Three of the following options are required for any non-columnar records system that keeps track of trust accounts. An owner's ledger listed here is not a requirement.
What is mean by owner's ledger?
The double-entry accounting system of a business is built on the general ledger.
All transaction information required to generate the income statement, balance sheet, and other financial reports is contained in general ledger accounts.
Transactions recorded as journal entries to sub-ledger accounts are compiled into general ledger transactions.
Every general ledger account and its balance are shown in the trial balance report, which makes it simpler to review changes and track out problems.
The system used by accountants to store and arrange financial information needed to produce the company's financial statements is built on the general ledger. According to the company's chart of accounts, transactions are posted to certain sub-ledger accounts.
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item11 ebookitem 11 executives at an advertising agency want to increase the demand for the energy drink it promotes. what advice should they give the producer? multiple choice sell the drink for a higher price. sell the drink for a lower price. announce a future decrease in the price of the drink. hire a prominent athlete to demonstrate the benefits of the drink.
The producer in this scenario would be advised to (B) sell the beverage for a lesser price which would increase the demand.
What is demand?The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand in economics.
The demand curve is another name for the relationship between price and quantity demand.
Demand for a given product depends on a variety of factors, including perceived need, price, perceived quality, convenience, alternatives offered, buyer preferences, and disposable money.
The quantity requested rises when the price declines.
The Law of Demand is this.
An inverse relationship is shown on a graph as a line that slopes downhill from left to right.
Therefore, the producer in this scenario would be advised to (B) sell the beverage for a lesser price which would increase the demand.
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Correct question:
Executives at an advertising agency want to increase the demand for the energy drink it promotes. what advice should they give the producer? multiple choice
A. sell the drink for a higher price.
B. sell the drink for a lower price.
C. announce a future decrease in the price of the drink.
D. hire a prominent athlete to demonstrate the benefits of the drink.
use a horizontal financial statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. indicate whether the event increases (i), decreases (d) each part of the financial statements model. also, in the statement of cash flows column, classify the cash flows as operating activities (oa), investing activities (ia), or financing activities (fa). the first transaction is shown as an example.
Asset Source issued common shares in order to raise capital. Asset Use paid a cash dividend to the owners and paid cash operating costs. Bank loaned money is an asset source.
What are some illustrations of horizontal financial statement analysis?Take the income statement as an illustration. If the gross profit in year one was $40,000 and the gross profit in year two was $44,000, there is a $4,000 difference between the two. Since the change in this instance is positive, we can determine the percentage change.
What are a financial statement's vertical and horizontal axes?Vertical analysis shows quantities as percentages of a base figure, whereas horizontal analysis shows variations across years or periods. While vertical analysis normally concentrates, horizontal analysis typically examines many reporting periods.
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Question:
The Candle Shop experienced the following events during its first year of operations, Year1
1. Acquired cash by issuing common stock
2. Paid a cash dividend to the stockholders.
3. Paid cash for operating expenses.
4. Borrowed cash from a bank.
5. Provided services and collected cash.
6. Purchased land with cash.
7. Determined that the market value of the land is higher than the historical cost.
Required
a. Indicate whether each event is an asset source, use, or exchange transaction. (Select "NA" if there is no effect on the "Activity classification") Event Activity classification 2. 3. 4. 5. 6. 7
b. Use a horizontal statements model to show how each event affects the balance sheet, income statement, and statement of cash flows. Indicate whether the event increases (), decreases (D), or does not affect (NA) each element of the financial statements. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), financing activities (FA), or not applicable (NA). The first transaction is shown as an example
THE CANDLE SHOP Horizontal Statements Model for Year 1 Balance Sheet Income Statement Statement of Cash Flows Event O. Assets Liabilities+Stockholders' Equity Effect onType CommonRetained RevenueExpense Net Income Cash LandNotes Cash Activity Earnin +NA Payable +NA = | NA NA - NA -INA FA 2 4 5. 7
backdoor selling involves going around a purchase agent to contact other people directly involved in the purchasing decision of a company to make a sale.
Prior to talks or competition for a contract or sale, a supplier or seller will employ backdoor selling, a form of social engineering, to acquire a competitive advantage.
What is backdoor buying?Back-door purchasing or selling refers to unofficial, irregular, and cunning purchasing or selling that typically results from excessive attempts to encourage preference for a specific vendor with the intention of reducing competition.
It is a flaw that allows an attacker to gain unauthorised access to a system by getting beyond standard security measures. It is particularly challenging to find and eliminate this danger since it operates in the background and hides from the user.
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in order for a domestic foreign or alien insurance company to conduct business it must be authorized by whom
The Federal Insurance Office (FIO) was established under Title V of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Which insurance do you mean?Managing your risk is possible with insurance. The protection against unforeseen financial losses you purchase when you purchase insurance. In the event that something unpleasant occurs to you, the insurance company pays you or a person of your choosing. In the event of an accident, you can be liable for all expenses if you don't have insurance. Between the insurance provider (insurer) and the individual, insurance is a contract that is legally binding (insured). According to this, if the insured contingency occurs, the insurance company will pay up the insured's losses. A loss is brought on by the contingency.
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suppose that the central bank buys $100 worth of bonds on the open market in a country whose banking system has limited reserves. assume that the required reserve ratio is 10 percent, banks keep no excess reserves, and there are no cash leakages. after banks have made all adjustments, reserves, demand deposits, and loans will increase by which of the following?
Reserves will increase by $100, demand deposits will increase by $90, and loans will increase by $900.
What is loan?A loan is a sum of money borrowed from a lender, such as a bank or other financial institution. The borrower agrees to pay back the loan, plus interest, over a set period of time. Loans are typically used to purchase large items like cars, homes, or to pay for college tuition. Depending on the type of loan and lender, the borrower may also have to provide collateral, such as a car or home, in order to secure the loan. Loans can also be used for other purposes such as debt consolidation, medical bills, or even starting a business.
This is because when the central bank buys bonds on the open market, it increases the money supply by $100. Since the required reserve ratio is 10%, banks must hold $10 of the $100 in reserves. This leaves $90 that banks can lend out. This $90 will be deposited into demand deposits and can be loaned out, increasing the amount of loans by $900.
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T/F in order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable.
The given statement is true. Compound interest is the interest on investment funds determined on both the initial principal and the collected interest from past periods.
"Interest on interest," or the force of compound interest, is accepted to have begun in seventeenth century Italy. It will cause a total to become quicker than straightforward interest, which is determined exclusively on the principal sum.
Compounding duplicates cash at a sped up rate and the more prominent the quantity of compounding time frames, the more prominent the compound interest will be.
Compound interest is determined by multiplying the initial principal sum by one or more the yearly interest rate raised to the quantity of compound time frames short one. The all out initial measure of the credit is then deducted from the subsequent worth.
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Suppose that you arrive at a single-teller bank to find five other customers in the bank, one being served and the other four waiting in line. You join the end of the line. If the service times are all exponential with rate μ, what is the expected amount of time you will spend in the bank?
a laissez-faire leadership style can be described as . nonleadership effective leadership influential leadership theory x leadership
A laissez-faire leadership style can be described as "non-leadership" or "hands-off" leadership. In this style, the leader provides minimal direction and leaves decision making up to the team or individual employees.
This leadership style is characterized by leaders who delegate responsibility and authority, and give employees a high degree of autonomy and independence in their work. The focus of laissez-faire leaders is to create an environment of trust and freedom, where employees feel empowered to take charge of their own work and innovate without fear of retribution. One of the advantages of this style is that it allows employees to take ownership of their work and develop their own creativity and initiative. This can lead to higher levels of motivation, job satisfaction, and overall performance. Laissez-faire leaders also tend to be good listeners, and they encourage open communication and collaboration among employees. However, laissez-faire leadership also has its disadvantages. The lack of direction and structure can lead to confusion, inconsistency, and inefficiency in the workplace. Employees may feel unguided and unclear about their roles and responsibilities, which can result in decreased productivity. Additionally, a lack of monitoring and feedback can lead to poor decision-making and ineffective problem solving. In conclusion, laissez-faire leadership is a management style that can be effective in certain situations, but it should be used with caution. It works best when used in conjunction with other leadership styles, and when combined with clear expectations and regular feedback and support.
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Consider a bond selling at par ($100) with a coupon rate of 6% and 10 years to maturity. (a) What is the price of this bond if the required yield is 15%?
(b) What is the price of this bond if the required yield increases from 15% to 16%, and by what percentage did the price of this bond change?
(c) What is the price of this bond if the required yield is 5%?
(d) What is the price of this bond if the required yield increases from 5% to 6%, and by what percentage did the price of this bond change?
a. Par Value = $100 Annual Coupon Rate = 6% Annual Coupon = 6% * $100 Annual Coupon = $6 Time to Maturity = 10 years If yield to maturity is 15%: Annual YTM = 15% Price of Bond = $6 * PVIFA(15%, 10) + $100.
How do you calculate the coupon rate of a bond?
The ROI (rate of interest) that the bond issuers pay on the bond's face value is known as the coupon rate, which is frequently used in relation to bonds. The amount that the GIS must reimburse is likewise calculated using the coupon rate (guaranteed income security).
A bond's coupon rate may be calculated by taking the total yearly coupon payments and multiplying by the bond's par value, then adding 100%. The yearly interest payment represented as a percentage of the bond's face value or par value is hence another way to think of the rate of a bond. Par Value of Bond * 100% * Annualized Interest Rate
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hao made a single investment which, after 4 years invested at 12% compounded semiannually, has accumulated to $227,900. how much did hao invest initially? (pv of $1, fv of $1, pva of $1, and fva of $1) (use appropriate factor(s) from the tables provided.)
Hao initially invested $230,045.
Hao made an investment of $P which after 4 years has accumulated to $234,900.
The present value of an annuity formula can be used to determine the investment's present value (PV):
PV = FV x (1 - (1 + i)⁻ⁿ) / i
where FV = $234,900, i = 0.12/2 (12% compounded semiannually), and n = 8 (4 years x 2 semiannual periods)
Using the values in the formula as substitutes:
PV = 234,900 x (1 - (1 + 0.06)⁻⁸) / 0.06
PV = 234,900 x 0.3746 / 0.06
PV = 230,045
Therefore, Hao initially invested $230,045.
Complete Question:
Hao made a single investment which, after 4 years invested at 12% compounded semiannually, has accumulated to $234,900. How much did Hao invest initially? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
a. 230,045
b. 168,585
c. 234,898
d. 147,376
e. 19,460
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Statistical process control is used to determine whether:
A) processes are stable and generating output in a reliable fashion
B) the calculated statistics are capable of controlling the process
C) processes include adequate flexibility for random variations
D) processes are reproducible and environmentally sustainable
E) process metrics display a distribution other than the normal distribution
Statistical process control is used to determine whether process are stable and generating output in a reliable fashion. option A
Today's businesses must contend with escalating competitiveness and rising operational costs, including raw material costs. Therefore, having operational control over their business is advantageous for the organisations.
Organizations must strive for ongoing improvement in terms of quality, efficiency, and cost cutting. Many firms still conduct inspections following manufacturing to look for quality-related problems.
Statistical process control assists businesses in switching from detection-based to prevention-based quality control. Organizations can predict how a process will behave by keeping an eye on SPC graphs.
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a new cd is being marketed to teens at a price of $20. the suppliers are selling all of the cds they have, and the teens are getting all of the cds they are demanding, so $20 could be defined as the cd's (1 point)
So $20 could be defined as the cd's equilibrium price. So equilibrium price is the correct option of the given statement.
Just what is the equilibrium price?Unchanged conditions are referred to as equilibrium. Both buyers and sellers are obviously in a position of no change at the equilibrium price. The quantity that the buyers want at this price is technically equal to the quantity that the sellers are willing to supply.
Why is the price at equilibrium significant?The quantity of the good that buyers and sellers are both willing to purchase is equal at the equilibrium price, meaning that neither a shortage nor a surplus exists. Both buyers and sellers are free to purchase the desired quantity at the going rate.
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which of the elements of this scenario represent a flow from a firm to a household? this could be a flow of dollars, inputs, or outputs. check all that apply. the climbing session maria receives
Option first is correct. This could be the flow of dollars, inputs or outputs. Households provide labor to firms and receive wages in return.
Businesses use this labor to make pizzas and sell them to homes. There is a flow of goods (pizza) from companies to households and a flow of labor (working hours) from households to companies.
Therefore, in the resource market, households sell resources and firms buy resources. Resources flow in one direction (counterclockwise) and money in the opposite direction (clockwise). At this point in the cycle, households sell resources to businesses. So households hold income and businesses hold resources.
The basic economic market consists of transactions between households and businesses. Firms use the factors of production (land, labor, and capital) to produce goods that are consumed by households. Households use their income to purchase goods and services that businesses produce and sell. Businesses sell goods and services for money. In this case it is called earnings. Companies are buyers in the resource market.
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Magnificent Modems, Inc. acquired a subsidiary named Anywhere, Inc. (AI). AI manufactures a wireless modem that enables users to access the Internet through cell phones. The following trial balance was drawn from the accounts of the subsidiary.
Cash $ 200,000 Raw materials inventory 4,000 Work in process inventory 6,000 Finished goods inventory 7,000 Common stock $ 129,000 Retained earnings 88,000 Totals $ 217,000 $ 217,000 The subsidiary completed the following transactions during Year 2.
Paid $60,000 cash for direct raw materials.
Transferred $50,000 of direct raw materials to work in process.
Paid production employees $80,000 cash.
Applied $53,000 of manufacturing overhead costs to work in process.
Completed work on products that cost $163,000.
Sold products that cost $143,000 for $182,000 cash. Record the recognition of revenue in a row labeled 6a and the cost of goods sold in a row labeled 6b.
Paid $20,000 cash for selling and administrative expenses.
Actual overhead costs paid in cash amounted to $55,000.
Closed the Manufacturing Overhead account. The amount of over- or underapplied overhead was insignificant (immaterial).
Made a $5,000 cash distribution to the owners.
Required
For Anywhere, Inc., record the events in a financial statements model. The first event is shown as an example.
Prepare a schedule of cost of goods manufactured and sold.
Prepare an income statement and a balance sheet.
Financial Statements Model:
Cash $200,000
Raw Materials Inventory $4,000
Direct Materials Purchased $60,000
Direct Materials Transferred to WIP $50,000
Work in Process Inventory $56,000
Manufacturing Overhead Applied $53,000
Finished Goods Inventory $163,000
Cost of Goods Manufactured $219,000
Sales $182,000
Cost of Goods Sold $143,000
Gross Profit $39,000
Selling & Administrative Expenses $20,000
Manufacturing Overhead Incurred $55,000
Operating Income ($36,000)
Common Stock $129,000
Retained Earnings $52,000
Total Stockholders' Equity $181,000
Total Liabilities and Equity $217,000
How do we prepare other records?Schedule of Cost of Goods Manufactured and Sold:
Direct Materials Purchased $60,000
Direct Materials Transferred to WIP $50,000
Manufacturing Overhead Incurred $55,000
Total Manufacturing Costs $165,000
Finished Goods Inventory, Beginning $7,000
Cost of Goods Manufactured $219,000
Finished Goods Inventory, Ending $163,000
Cost of Goods Sold $143,000
Income Statement:
Revenue $182,000
Cost of Goods Sold $143,000
Gross Profit $39,000
Selling & Administrative Expenses $20,000
Operating Income ($36,000)
Balance Sheet:
Assets:
Cash $200,000
Raw Materials Inventory $4,000
Work in Process Inventory $56,000
Finished Goods Inventory $163,000
Total Assets $423,000
Liabilities and Equity:
Common Stock $129,000
Retained Earnings $52,000
Total Stockholders' Equity $181,000
Total Liabilities and Equity $217,000
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a business owner want to store information about purchases of inventory: item number date of purchase terms of payment vendor number vendor address vendor name purchase price quantity purchased buyer number buyer name purchase order number item description quantity on hand extended amount total amount of purchase shipping method
One of the best ways to do this is by creating a database or spreadsheet that includes fields for each of the details the owner wants to track.
The database or spreadsheet should be organized with columns for each category of information, such as "item number," "date of purchase," "terms of payment," "vendor number," "vendor address," "vendor name," "purchase price," "quantity purchased," "buyer number," "buyer name," "purchase order number," "item description," "quantity on hand," "extended amount," "total amount of purchase," and "shipping method." Each row could represent a separate purchase, with the corresponding information for each category filled in for that purchase. Having this information organized and stored in a database or spreadsheet will provide the business owner with several benefits. First, it will allow for easy access to the data, making it simple for the owner to retrieve information about specific purchases or to analyze the data as a whole. The owner could, for example, easily find the total amount of a particular purchase, or all purchases made from a particular vendor. Additionally, having the data organized in a structured manner will make it easier for the business owner to analyze the data, for example to see trends in purchases over time or to track their inventory levels. Another benefit of having the data stored in a database or spreadsheet is that it will reduce the risk of errors and inconsistencies in the data. For example, if the business owner is manually tracking the information in a notebook, there is a risk of human error, such as typos or incorrect information being entered. With a database or spreadsheet, the owner can set up rules and validation checks to help ensure that the data is entered accurately and consistently.
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Consider the change in market conditions in each of the given scenarios. Use the graphs to illustrate whether the changing market conditions will result in a change in supply or quantity supplied.
If the change in market conditions results in a change in supply, shift the supply curve appropriately, but leave the price line unchanged.
If the change in market conditions results in a change in quantity supplied, adjust the price line appropriately, but leave the supply curve unchanged.
a. An increase in the price of corn used in the production of ethanol reduces the amount of corn available for use as livestock feed.
Supply of corn available for livestock feed
Supply
Price
Price
Quantity
b. Speculators in world steel markets push the price of steel up, leading American steel companies to expand production.
A change in quantity supplied is caused by a change in the good's own price. This means that if the price of a good increases.
What is meant by Speculators?
Speculators are sophisticated investors or traders who purchase assets for short periods of time and employ strategies in order to profit from changes in its price. Speculators are important to markets because they bring liquidity and assume market risk.A speculator is any individual or firm that accepts risk in order to make a profit. Speculators can achieve these profits by buying low and selling high. But in the case of the futures market, they could just as easily sell first and later buy at a lower price. Obviously, this profit objective is easier said than done.Speculators trade based on their educated guesses on where they believe the market is headed. For example, if a speculator thinks that a stock is overpriced, they may sell short the stock and wait for the price to decline, at which point it can be bought back for a profit.To learn more about Speculators refers to:
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which of the following subsidiary ledgers at robinson company was used to enable managers to view specific details of categories such as overhead costs of direct materials?
Manufacturing Department Overhead Records: These records give managers access to detailed information on categories such DM overhead expenditures, indirect manufacturing labour, engineering and supervision, plant insurance and utilities, and depreciation in subsidiary ledger.
What is subsidiary ledger?A group of related accounts with combined balances equal to the balance in a particular general ledger account is referred to as a subsidiary ledger. Control accounts or master accounts are terms used to describe the general ledger account that lists the account balances of subsidiary ledgers. The accounts payable, accounts receivable, inventories, fixed assets, and acquisitions ledgers are a few examples of subsidiary ledgers. The main ledger's total payables are broken down in the accounts payable subsidiary ledger. In other words, in addition to the quantities owed, the subsidiary ledger also includes the specific payables owed to each of the suppliers and vendors.
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herb calalang manages a local roofing company. herb often returns client phone calls in his car when he and his employee are listening to rowdy talk radio shows.
The correct statement will be that when Herb Calalang speaks to the clients while driving and with radio rowdy talks being going on, the behavior of Herb will be considered as Unprofessional.
What is Business environment ethics?An ever-evolving subject is business ethics. Generally speaking, there are 12 ethical principles: honesty, fairness, leadership, integrity, compassion, respect, responsibility, loyalty, compliance with the law, openness, and consideration for the environment. An setting where work is done in accordance with predetermined business standards is referred to as an ideal business environment.In a quiet office setting, Herb is expected to answer client calls. While accepting such calls, the surrounding area should be completely silent.During working hours, employees must be held to a standard of behavior, and any improper conduct or misbehavior must have an effect on their pay.The accurate statement is that Herb Calalang's conduct will be viewed as unprofessional when he speaks to clients while operating a vehicle and when loud radio conversations are being broadcast.Unprofessional conduct is seen to be any behavior that does not meet the standards set by the nature of the business organization.To learn more about Business environment refer o:
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stocks a and b have the following data. assuming the stock market is efficient and the stocks are in equilibrium, which of the following statements is correct? a b price $25 $40 expected growth 7% 9% expected return 10% 12%
The dividend yield of a constant growth stock should equal its expected total return minus its expected capital gains yield.
The two assumptions used in the dividend growth model are that the dividend will grow at a constant percentage rate and that the company will exist forever. Higher interest rates mean a stock dividend yield is under pressure. To maintain the same relative payout level the company would need to increase dividends. The same problem occurs with bonds as rates rise bond values fall. The constant growth model is a technique used in the analysis of a company's stock price. The dividend discount model a form of the constant growth model, views the sum of income and capital gains expected by investors as the total return on a given stock. Dividend yield is a financial ratio that indicates the percentage of a company's stock price that is paid in dividends each year. If a company has a share price of $20 and pays a dividend of $1 per year its dividend yield would be 5%. A stock dividend is a payment to shareholders consisting of additional shares instead of cash. Distributions are paid in fractions per existing share. If a company issues a 5% stock dividend, it will pay 0.05 shares for each share owned by a shareholder. Development can be assessed, not measured. It refers to an increase in the structure for a better and improved functioning of the organs. Therefore from the above points, it is clear that the statement Growth continues throughout life is not correct.
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which of the following is used to analyze risk and highlight aspects of a process that should be targeted for improvement?
Risk analysis and the identification of system components which must be improved are done using the Failure Mode and Effects Analysis (FMEA). The right answer in this case is (D).
A phlebotomist walks into a blood collection area to carry these out standard venipuncture operation. A vein that is suitable for venipuncture is identified by the phlebotomist, who then inserts a needle. The phlebotomist must make a second venipuncture in the opposing arm due to the absence of blood returned from the first one.
The phlebotomist might have been able to determine all of the above facts from palpating the vein, EXCEPT for observing hematoma formation.
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Which of the following is used to analyze risk and highlight aspects of a process that should be targeted for improvement?
A). Voice of customers (VOC)
B). Quality control plan (QCP)
C). Supplier, inputs, process, outputs, and customer (SIPOC) diagram
D). Failure mode and effects analysis (FMEA)
you are the pc technician for a company. an employee has gone to a meeting while you fix the computer in her office. she accidentally left a report open next to her computer. it states that a friend of yours in accounting will be submitted for review if their poor work performance continues. which of the following is the best action to take?
The answer is you Ignore the paper and tell no one of its contents, is the best action to take.
Is accounting challenging?Although accounting does involve a complicated set of skills and abilities as well as exceptional attention to detail, it actually isn't that much more difficult than many of the other popular study areas that provide excellent lasting employment options.
What does "accounting" mean?Accounting is "the act of finding, measuring, and conveying economic information to facilitate informed judgements and decisions by users of the information," according to the American Accounting Association. Accountants record all financial transactions, including accounts payable and receivable, for a company.
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Briefly summarize each of the different student aid types that are available to you as a
prospective college student.
1. What is the difference between a grant and scholarship?
2. How do these differ from the Federal Student Loan options?
3. What is the key difference between Subsidized and Unsubsidized student loans?
4. Which of these aid types should you
be looking for, and why?
1. Grants and scholarships are both forms of student aid that do not need to be repaid. Grants are usually given to students who demonstrate financial need, while scholarships are usually merit-based.
2. Federal student loans are a form of student aid that must be repaid. These loans are based on the borrower’s financial need.
3. Subsidized student loans are loans where the government pays the interest while the student is in school. Unsubsidized student loans are loans where the student is responsible for the interest while in school.
4. Students should look for all forms of student aid that are available to them, including grants, scholarships, and federal student loans. Different aid types have different criteria and may be more or less beneficial depending on the student’s individual financial situation.
You observe a copper mining operation and want to model its production function The mine uses one shovel, one shovel operator, four 150 ton trucks, four truck drivers, and a mill to turn 10,000 tons of ore into 8,000 tons of copper concentrate each shift. Since there is no substitutability between these inputs you model the production fuction as: ymin(1,000 Ki, 1,000 L1, 250* K2, 250 L2, a M, 1, 000 K3) where tons per shift of copper concentrate y Ki#of hours of shovel use/shift L #of hours of shovel operator labor/shift K2#of hours of 150 ton trucks used/shift L2 #of hours of truck operator labor/shift #of tons of ore/shift M K3 #of hours of mill use/shift technologically efficient) (a) Assuming that firms do not waste inputs (i.e., what is the mumerical value of parameter a? are (b) What is the per shift mine output if one of the truck operators does not show up for their shift? (c) What is the per shift mine output if labor goes on strike? (d) What is the level of returns to scale for this mine?
a) Numerical value of parameter a cannot be determined from the information provided.
b) If one truck operator does not show up, the per-shift mine output would be decreased as the number of hours of truck operator labor would decrease, which would reduce the maximum possible output of the mine.
c) If labor goes on strike, both the shovel operator labor and truck operator labor inputs would not be available, causing a decrease in the maximum possible output of the mine.
d) Level of returns to scale cannot be determined from the information provided.
What is returns to scale?Returns to scale refer to the relationship between the percentage change in output and the percentage change in all inputs when all inputs are increased by a certain factor. It measures the efficiency of production with the growth of inputs.
In economics, there are three types of returns to scale: increasing returns to scale, decreasing returns to scale, and constant returns to scale. Increasing returns to scale means that output increases more than proportionally to the increase in inputs, while decreasing returns to scale means that output increases less than proportionally to the increase in inputs. Constant returns to scale mean that output increases proportionally to the increase in inputs.
Hence, the answer is
a) Numerical value of parameter a cannot be determined from the information provided.
b) If one truck operator does not show up, the per-shift mine output would be decreased as the number of hours of truck operator labor would decrease, which would reduce the maximum possible output of the mine.
c) If labor goes on strike, both the shovel operator labor and truck operator labor inputs would not be available, causing a decrease in the maximum possible output of the mine.
d) Level of returns to scale cannot be determined from the information provided.
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______is a learning process that Involves identifying learned material in long term memory and using it to influence performance.
a. generalizing
b. semantic encoding
c. retrieval
d. gratifying
Retrieval is a learning process that involves identifying learned material in long-term memory and using it to influence performance. option [c] is the correct answer for the above statement.
In learning, what does retrieval mean?
Retrieval exercise is a method for improving learning by bringing material to mind. We are compelled to check our knowledge when we recall things consciously.
A learning process called retrieval involves finding new information in long-term memory and utilizing it to affect performance. The appropriate response to the preceding assertion is an option [c].
Therefore, The technique of recall practice involves bringing back memories of facts, ideas, or events to improve learning.
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suppose u.s. nominal gdp changed by 0.00% from 2019 to 2020, and the price level changed by 0.50%. therefore, real gdp changed by approximately
Real GDP, calculated by subtracting the effect of inflation, changed by approximately -0.50%.
Real GDP is calculated by subtracting the effect of inflation from Nominal GDP. Since U.S. nominal GDP was unchanged from 2019 to 2020, and the price level changed by 0.50%, the effect of inflation was 0.50%.
Since real GDP is calculated by subtracting inflation from Nominal GDP, the effect of the 0.50% inflation was to reduce real GDP by 0.50%. Therefore, Real GDP changed by approximately -0.50%.
The effect of inflation is to reduce the purchasing power of money, as a result of which the same amount of money buys fewer goods and services. Thus, when calculating real GDP, it is necessary to adjust for the effect of inflation in order to determine the true value of economic output.
Otherwise, the effect of inflation would be to make the economy look larger than it actually is. In this case, the price level increased by 0.50%, and so real GDP decreased by approximately 0.50%.
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As part of the marketing team at Delta airlines, you must develop a strategy to increase demand for fights between Kansas City and Detroit. You examine data from previous flights and determine that existing demand for flights between the two cities is as given in the accompanying table
_________________________________________________________
$ per flight Demanded
_________________________________________________________
$200 1,200
_________________________________________________________
$300 1,100
_________________________________________________________
$400 1,000
_________________________________________________________
$500 900
_________________________________________________________
$600 800
_________________________________________________________
$700 700
_________________________________________________________
Your team launches a viral advertising campaign that is so successful that all existing consumers increase their willingness to pay by $100 and 50 new customers demand flights at every price. An example is below
_________________________________________________________
$ per flight Demanded
_________________________________________________________
$200 1,350
_________________________________________________________
How will this affect the quantity demanded per day at $300 per flight?
Due to New Advertising the new Quantiy Demand per day.
How will this affect the quantity demanded?
Quantity demanded is affected by the price of the product. If the price goes up, the demand will go down. If the price goes down, demand will go up.Economists call this the Law of Demand. If the price goes up, the quantity demanded goes down (but demand itself stays the same). If the price decreases, quantity demanded increases. This is the Law of Demand.Increase in demand increases the quantity. Decrease in supply decreases the quantity. Figure 4.14(b) shows the effects of a decrease in demand and an increase in supply. A decrease in demand shifts the demand curve leftward, and an increase in supply shifts the supply curve rightward.To learn more about quantity demand refers to:
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Record adjusting journal entries for each separate case below for year ended December 31.
Assume no other adjusting entries are made during the year.
Salaries Payable. At year-end, salaries expense of $15,500 has been incurred by the company, but is not yet paid to employees.
Interest Payable. At its December 31 year-end, the company owes $250 of interest on a loan. That interest will not be paid until sometime in January of the next year.
Interest Payable. At its December 31 year-end, the company holds a mortgage payable that has incurred $875 in annual interest that is neither recorded nor paid. The company intends to pay the interest on January 7 of the next year.
Prepaid Insurance. The Prepaid Insurance account has a $4,700 debit balance to start the year. A review of insurance policies shows that $900 of unexpired insurance remains at year-end.
What is Prepaid Insurance account?
The insurance premium for prepaid insurance that was paid by a business during an accounting period but did not expire within that accounting period. As a result, the company's balance sheet will reflect an asset for the portion of this insurance that hasn't yet expired.
It describes the percentage of the unpaid insurance premium that was paid in advance by the firm and is not now owed.
A business pays an amount known as an insurance premium on behalf of its employees and the policies it has in place. The insurance premium is often paid every month or every three months. Unused and prepaid expenses are recorded in the books of accounts under current assets. Additionally, the profit and loss statement includes the expenditure for that time period.
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4. When money doesn't deteriorate when it is
being handled.
Money has durability if it doesn't deteriorate when it is being handled.
What is money?Money is anything that serves as a medium of exchange. A medium of exchange is anything that is widely accepted as a means of payment.
Money serves three basic functions.
A Medium of Exchange- —money serve as a medium of exchange,
A Unit of Account-Money serves as a unit of account, which is a consistent means of measuring the value of things.
A Store of Value-is to serve as a store of value, that is, an item that holds value over time.
Money has durability if it doesn't deteriorate when it is being handled.
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FILL IN THE BLANK Contractors that have ongoing business with a company can log into its ______ by using a valid username and password. Select your answer, then click Done.
Contractors that have ongoing business with a company can log into its extranet by using a valid username and password. Select your answer, then click Done.
What is the user ID and password?
unique user ID is a group of characters that uniquely identifies a particular user and that, when used in conjunction with a password, passphrase, or another mechanism, allows a user to be authenticated to an information system. The term "password" refers to an alphanumeric code that the Client uses to verify his or her username and gain access to the Service.
Using a legitimate username and password, contractors who regularly do business with a corporation can access its extranet. After selecting your response, click Done.
Therefore, Another typical setting for credentials is the account holder as the password and the username.
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FILL IN THE BLANK. cramer's rule is a method of calculating the solution to a system of linear equations by finding the __ of the determinants.
A system of linear equations can be solved using Cramer's rule by determining the determinants' "variables".
Explain about the Cramer's rule?Any system of equations through any range of variables and a comparable number of equations can be solved using this approach.
Sometimes, in order to solve out variable z in a system of equations with three variables, let's say x, y, as well as z, we may need to first solve for variables x and y. However, we may figure out the value of the any variable using Cramer's rule without determining the values of any other variables.One technique for solving an equation system is Cramer's rule. Determinants are involved in this rule. Hence, determinants are used to calculate the characteristics of the system's variables.Thus, a system of linear equations can be solved using Cramer's rule by determining the determinants' "variables"
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