True or false: a ledger provides a chronological record of all transactions affecting the firm.

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Answer 1

This is false. A ledger does not  provides a chronological record of all transactions affecting the firm.

What is a ledger?

This is the term that is used to refer to the book that is used as a collection of accounting activities that are financial in nature.

The financial accounts that are recorded in the ledger are usually recorded as the debit transactions or they are recorded as the debit as the debit transaction.

Hence we can say that This is false. A ledger does not  provides a chronological record of all transactions affecting the firm.

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Related Questions

When there is and efficiency, the market produces the right goods in the correct amounts using the fewest resources possible. True or false?.

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The following statement is True. As When there's and efficiency, the market produces the correct goods within the correct amounts using the fewest resources possible.

Market efficiency refers to the degree to which market prices reflect all available, relevant information. If markets are efficient, then all information is already incorporated into prices, then there's no thanks to "beat" the market because there aren't any undervalued or overvalued securities available. The term was taken from a paper written in 1970 by economist Eugene FAMA, however FAMA himself acknowledges that the term could be a bit misleading because nobody features a clear definition of the way to perfectly define or precisely measure this thing called market efficiency. Despite such limitations, the term is employed in relating what FAMA is best known for, the efficient market hypothesis. Therefore the subsequent statement is true.

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In the saw-toothed inventory pattern, inventory decreases at the_______rate of demand.

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In the saw-toothed inventory pattern, inventory decreases at the constant rate of demand.

A diagram called a saw-tooth inventory diagram is used to monitor a company's inventory. It demonstrates how a company's inventory level changes over time. It is assumed in this graphic that the demand is constant and that the inventory is dwindling at a constant rate.The sawtooth figure illustrates how revenue changes in response to changes in total demand. Unintentional inventory buildup, A, can be positive or negative when demand shifts before production has a chance to adapt.Available quantity of an SKU over time shown by saw tooth diagram.

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A firm has a net working capital of 420, net fixed assets of 2166 sales of 5300 and currrent liabilityes of 730 how many dollars worth of sales are generated from every 1$ in total asstest?

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1.69 times of sales are generated from every 1$ in total assest. The net working capital is $470, and the current liabilities are $800.

Current liabilities

Current liabilities are generally referred to in accounting as all liabilities of the firm that must be settled in cash within the fiscal year or the operating cycle of a particular company, whichever is longer. According to a more thorough definition, current liabilities are obligations that will be paid off by current assets or by the creation of new current liabilities. Accounts payable are due and payable within 30 days, however under particular situations, they frequently take longer than 30 or 60 days.

Current assets - current debts = gross working capital.

Current assets - 800= 470

Current assets = $1,270

Net fixed assets is given as $2,287.

Total assets = Net fixed assets + Current assets

Total assets = 2,287 + 1,270

= $3,557

Total assets turnover ratio = Sales / Total assets

= 6,000 / 3,557

= 1.69 times.

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Incomplete Question

Management students may not immediately become managers, but studying management can help you.

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Management students may not immediately become managers, but studying management can help you: Understand how organizational decisions are made.

What is management?

Management can be defined as the process of making decision, planning, organizing , controlling, as well as leading an organization so as to achieve the organization set goals.

Management play an important in an organization as the success of an organization depend on it. Ineffective or poor management of an organization can lead to failure of that organization which is why management functions play an important role because making use of this functions can enables companies or organization to achieve their goals and objectives.

The management functions are:

PlanningOrganizingLeadingControlling

Therefore Management students may not immediately become managers, but studying management can help you: Understand how organizational decisions are made.

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Cost estimating services do not include an allowance for entrepreneurial profit or incentive. True or false

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This statement is true.

True, Cost estimating services do not include an allowance for entrepreneurial profit or incentive.

What Do Incentives Mean in the Workplace?

The strength of an incentive stems from the fulfillment that comes from obtaining a reward. A person is motivated to continue performing an action in the same manner or even better when they are compensated for it. There are situations when a larger incentive would result in a greater response, but you must also consider the emotional component. In the workplace, rewards are used to encourage particular actions or behaviors.

For instance, businesses frequently create incentive plans for staff members who work in sales to boost profits. However, incentives are also used to boost productivity or make the workplace more hygienic. A corporation can encourage its employees to be more punctual by offering an economic incentive to those who arrive on time throughout a certain month, or by offering a bonus for a tidy desk.

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__________ is managing upstream and downstream value-added flows of materials, final goods, and related information among suppliers, the company, resellers, and final consumers.

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Supply Chain Management is the management of upstream and downstream value-added flows of materials, final goods, and related information among suppliers, company, resellers, and final consumers.

What is Supply Chain Management?

Supply chain management is the process of managing the entire manufacturing flow of a good or service, from the procurement of raw materials to the delivery of the finished product to the client.

The process of organizing the numerous tasks required to produce and deliver goods and services to customers is known as supply chain management. A few examples of supply chain activities include designing, farming, manufacturing, packaging, and shipping.

The five elements of supply management are supply planning, production planning, inventory planning, capacity planning, and distribution planning.

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The branch of accounting that must have its reports verified by a certified public accountant is?

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The branch of accounting that must have its reports verified by a certified public accountant is "Financial accounting"

What is Financial Accounting?
The process of recording, compiling, and reporting the numerous transactions that occur over time in the course of business operations  is known as financial accounting. It is a particular branch of accounting. The preparation of financial statements, such as the balance sheet, income statement, and cash flow statement, which document the operating performance of the company over a given time period, summarizes these transactions. The public and private sectors both employ financial accountants. The tasks of a general accountant, who works for oneself or herself rather than directly for a firm or organization, may be different from those of a financial accountant.

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Why is there so much government regulation involving social repsponsibility issues? Should there be more?

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Answer:

this is subjective

Explanation:

government regulation can have a good effect on people and make it easier for acheiving quality of life, however government regulation is usually bad for economy due to limiting companies on how they run their business

Komelia, a country in southern europe, imports rubber and plastic products from china. it can be said that komelia is engaged in _____.

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Komelia, a country in Southern Europe, imports rubber and plastic products from China. it can be said that komelia is engaged in global procurement. Thus, option A is correct.

What is import?

Import can be defined as when the goods are services are being transferred from one country to another country full stop

If this is done between two foreign countries, then it can be also called as international trade.

A global procurement can be defined as a country like Komelia products like rubber and plastic from another country that is chine for its use. Therefore, option A is the correct option.

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The question is incomplete, the complete question will be:

A) global procurement

B) vertical integration

C) privatization

D) insourcing

Majerek company accrues salaries at year-end. what is the financial statement effect of this adjusting entry?

Answers

Net income, in both business and accounting, is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a certain accounting period.

The financial statement effect of this adjusting entry is

Net income is decreased.

The amount earned by an individual or corporation after costs, allowances, and taxes is referred to as net income. Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.

The following equation is used to determine net income:

Net Income = Revenue - Cost of Goods Sold - Expenses.Net Income = Gross Income - Expenses.Net Income = Total Revenues - Total Expenses.

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A prokaryotic cell wall that has primarily peptidoglycan with small amounts of teichoic acid and lipoteichoic acid is:________-

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A prokaryotic cell wall that has primarily peptidoglycan with small amounts of teichoic acid and lipoteichoic acid is: gram positive.

What is a prokaryotic cell wall?

The prokaryotic cells are known to have strong cell walls. These are known to be located under a particular capsule. The function is to help in the maintenance of shape and also help in the protections of the interior parts of the cells.

Hence we can say that: A prokaryotic cell wall that has primarily peptidoglycan with small amounts of teichoic acid and lipoteichoic acid is: gram positive.

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The demand for funds resulting from business investment in short-term assets is ____ related to the number of projects implemented, and is therefore ____ related to the interest rate

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The amount of projects that are implemented and the interest rate have an inverse relationship with the amount of money that businesses need to finance short-term investments.

Marketable securities, commonly referred to as temporary investments or short-term investments, are financial investments that can be quickly converted to cash, usually within five years. After only three to twelve months, many short-term investments are sold or turned into cash. CDs, money market accounts, high-yield savings accounts, government bonds, and Treasury bills are a few typical examples of short-term investments.

These investments often consist of high-quality, extremely liquid assets or investment vehicles. Short-term investments can also specifically refer to financial assets owned by a corporation that are of a similar nature but with a few extra criteria.

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The health insurance premiums paid for by each partner in a partnership is considered to be:_________

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The health insurance premiums paid for by each partner in a partnership is considered to be Self-employed health insurance premiums.

Are Health Insurance Premiums Tax-Deductible?

Any out-of-pocket health insurance premiums you pay for plans that include medical care are tax deductible. You can deduct these costs for yourself, your spouse, and your dependents when preparing your taxes. Medical care policies cover treatment including hospitalization, surgery, and X-rays; prescription drugs and insulin; dental care; lost or damaged contact lenses; and long-term care, with some limitations.

Medicare Part B and D premiums as well as COBRA insurance premiums are both deductible expenses. The premiums paid for Medicare A are also tax deductible if you are not a former government employee who paid Medicare tax or enrolled in Medicare under Social Security.

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A. financing for public corporations must flow through financial markets true or false

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This is a True and Firm Statement.

Financing for public corporations must flow through financial markets

To support existing corporate operations or to finance future expansion, corporations may rely on sources of investment such as borrowed money (debt capital or credit). Debt can take many different forms, including bank loans, notes payable, and publicly traded bonds.

Public enterprises must access financial markets for financing. Private firms must use financial intermediaries to receive funding. The FOREX exchange floors in New York and London are where almost all foreign currency trading takes place.What is a financial market, for instance?Any market where securities are bought and sold is referred to as a financial market. The stock market, bond market, and commodities market are a few examples of financial markets.

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_______________ liberties place restraints on how government is supposed to act, while ____________ liberties limits what the government has the power to do.

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Procedural liberties place restraints on how government is supposed to act, while substantive liberties limits what the government has the power to do.

Procedural liberties are regarded as the restraints on how the government is supposed to act. For instance, the citizens of a country are guaranteed the due process of law suppose when they are to be charged with a certain crime.

Whereas, the substantive liberties are restraints which are known to be limiting what the government shall have the power to do. This can thus include the restricting freedom of speech, freedom of the press, or freedom of religion.

Hence, procedural liberties and substantive liberties both differ in their approach.

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An investor has adjusted his portfolio based on changes that have been made in the s&p 500 index. with this information, what types of portfolio strategy is this investor using?

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An investor has adjusted his portfolio primarily based on changes that have been made inside the s&p 500 index. with this information, styles of portfolio techniques are that this investor the use of indexing.

An investor is an individual that puts cash into an entity together with an enterprise for a monetary go back. the main intention of any investor is to decrease hazards and maximize go back. it is in comparison with a speculator who is willing to invest in an unstable asset with the hopes of getting higher earnings.

An investor is a person, organization, or fund that buys securities or different properties with the expectation of cashing in on the alternate inside the fee of those assets through the years. not unusual investments encompass shares, bonds, trade-traded funds, actual estate, commodities, currencies, options, and derivatives.

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True or false: auditors can read business periodicals and textbooks to help obtain an understanding of a client's business.

Answers

Answer:

true

Explanation:

true

_____________________ seek to obtain the highest-quality merchandise at the lowest possible purchase cost for their employers.

Answers

Supply managers, Buyers, Purchasing agents seek to obtain the highest-quality merchandise at the lowest possible purchase cost for their employers.

For organizations, buyers and purchasing agents purchase goods and services. Buyers and purchasing agents are under the control of purchasing managers. Purchasers make purchases of goods and services for their company's use.

When selecting suppliers and products, purchasing agents and buyers take into account pricing, quality, availability, dependability, and technical support. Buyers and purchasing representatives purchase goods and services for businesses to utilize internally or to market. They examine the quality of the items, negotiate contracts, and assess suppliers.

For their company, buyers and purchasing agents acquire products and services. Buyers are those who purchase finished goods like clothing or furnishings. Those who purchase the components and supplies used to manufacture items are known as purchasing agents or purchasers. Both of these worker categories do comparable tasks.

Identification, acquisition, and administration of resources and suppliers that are necessary to an organization's operations are together referred to as supply management. Supply management, also referred to as procurement, entails the acquisition of tangible items, knowledge, services, and any other essential resources that permit a business to carry on with its operations and expand.

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Before introducing a new piece of software, star software inc. Conducts benchmark activities to assess how popular the product would be in the marketplace. Which stage of the strategic management process is being used in this situation?.

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Assessing the current state of affairs is done during this stage of the strategic management process.

Every assessment project is tailored to your unique requirements. Projects typically involve gathering and analyzing data from a variety of sources, and they usually end with a presentation and/or written report that highlights the main conclusions and suggestions. A team from the church or ministry may occasionally help with data collection. The evaluation might consist of:

From the church or ministry's statisticsexternal data, like local demographicsadditional analysis of certain datainterviews with important figuresFocus sessionsonline poll to gather more opinions

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According to the law of demand, if all else remains equal, as the price of a good becomes lower, then _________________________.

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According to the law of demand, if all else remains equal, as the price of a good becomes lower, then the quantity demanded of the good will increase.

The law of demand states that the quantity which is purchased by a customer varies inversely with price. So when the price is higher, the lower the quantity demanded is and vice versa.

So the law of demand defines the relationship between the price of a product and people's willingness to either buy a product at a given price or not.

Hence, the law of demand tends to explain the consumer choice behavior when the price changes.

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What is the difference between a real estate space market and the real estate asset market?

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Real-Estate Space Market:- The expression "Real-Estate Space Market" is the market for the utilization of genuine property.

In this market, occupants trade leases with property managers for the option to utilize land and fabricated space.

This market is frequently called "the rental market."

Real-Estate Asset Market:- The expression "Real-Estate Asset Market" alludes to the component of the deliberate trade of responsibility for the property.

In this market, purchasers trade cash with dealers for possession freedoms to land and assembled space (land).

This market is frequently called "the property market."

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Although non-random sampling techniques are considered less scientific than random techniques they are often used for expediency.
a. true
b. false

Answers

Although non-random sampling procedures are considered less scientific than random techniques they are often used for expediency.True

Why do researchers not ever use random samples in their research?

(1) A random sample of the population is excessive to begin sampling the population - only lists of the chosen "clusters" are necessary.

(2) The cluster groups are usually closer together and when people are closer together - this protects time and money for the researchers conducting the study.

Cluster sampling can be more efficient than easy random sampling, especially where a study takes place over a wide geographical province.

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An enterprise resource planning system integrates all functions of the enterprise. true false

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It is a true statement that the enterprise Resource Planning system integrates all business processes and functions into a single software system, using a single database.

What is an enterprise resource planning system?

This system involves the processes that are essential to running a business, including inventory and order management, accounting, human resources, customer relationship management etc. At its most basic level, the enterprise resource planning system software integrates these various functions into one complete system to streamline processes and information across the entire organization.

The ERP system components are:

FinancialsHuman resourcesProcurement and logisticsProduct development and manufacturingSales and servicesAnalytics

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Answer: True

Explanation:

As a result of relationship marketing, customers experience specific relational benefits. these include?

Answers

As a result of relationship marketing, customers experience specific relational benefits such as :

1)It may improve how you interact with customers.

2)It becomes simpler to produce more recommendations to qualified leads when two-way contact is established for helpful client feedback.

3)You'll have a deeper comprehension of what your clients need.

4)You'll find it helpful in developing new business (and product/service) ideas.

5)It helps your company stand out from rivals.

6)You can encourage loyalty.

7)Ultimately, cross-selling and upselling can increase your revenue.

Relationship Marketing: Relationship marketing refers to techniques used by businesses to create enduring bonds with their clients. You want to build a loyal consumer base rather than concentrating on one-time sales.

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Adam was found to have used his license to procure insurance for relatives and it was also discovered that he was issuing rebates to insureds. what will probably happen to him?

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Adam's license will be suspended or revoked. It's because he was determined to have used his license to obtain insurance for family members and because it was found that he was giving insureds rebates.

After being found guilty of a significant traffic infraction, failing a road test, or providing false information on a government form, a license is frequently cancelled. One of the best rights is the ability to drive, therefore it's critical to understand whether your license is suspended or revoked as well as your options if it is. An "Administrative Review Suspension" is a unique classification of suspension used in several jurisdictions. This is given to persons whose medical conditions make it risky for them to operate a motor vehicle. Before relieving the suspension, the DMV may occasionally require written confirmation from the physician.

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During live ammunition turn-in, the customer service clerk completes which form?

Answers

During live ammunition turn-in, the customer service clerk completes DA Form 581.

Who is a customer service clerk?

A customer service representative is in charge of addressing customer concerns, providing information when asked, and offering excellent customer service. Information exchange, addressing and documenting requests, gathering money, and resolving billing disputes are among the duties of customer service clerks. Furthermore, they make certain that clients receive goods or services on time. A strong ability to listen and communicate is required of job candidates. In addition to being able to multitask, they must have strong customer service abilities. Additionally, they will have an advantage if they possess conflict resolution and problem-solving skills.

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An investor who wants to purchase previously issued shares of stock from another investor would trade in the _____.

Answers

An investor who wants to purchase previously issued shares of stock from another investor would trade in the stock market

What are common stocks?

Common stocks are issued by  a company to investors for them to become part owners of the company by purchasing the stocks, however, the previously issued stocks of a company cannot be bought directly from the company, rather the investor would purchase such stocks in the stock market.

In essence, when the company issued to the stocks to investors for the first time through initial public offer, an investor can purchase from the company, however, going forward the investors would buy and sell the company stocks among themselves in the stock market

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The classic flow is that mission drives business strategy, which in turn drives functional strategy. when the functional strategy then feeds back into the business strategy, experts refer to this as?

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The classic flow is that mission drives business strategy, which in turn drives functional strategy. When the functional strategy then feeds back into the business strategy, experts refer to this as "closing the loop".

What is business strategy?

As was already mentioned, many different components make up a corporate plan. Clear priorities and boundaries are established by this management action. Efficiently using energy resources and processes is decided upon by a business plan. Additionally, it guarantees that the organization's stakeholders and employers work together to achieve a common objective. They determine the future course of the business as well. Another key objective of the strategy is to provide businesses an advantage over rival businesses. These strategies are therefore centered on the goals and missions of the organization after carefully assessing the company's internal strengths and weaknesses and recognizing opportunities and hazards in the external environment.

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A ________ is a measuring system that quantifies a trend, dynamic, or characteristic and is used by marketers to help explain why things happened and also to predict the future.

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A metric is a measuring system that quantifies a trend, dynamic, or characteristic and is used by marketers to help explain why things happened and also to predict the future.

What is a metric?


This is the term that is used to refer to what is used to measure all forms of quantitative measurements. They are used for the tracking of performance and they can also show production. It would be used in financial analysis and in other forms of mathematics.

Hence we can say that a metric is a measuring system that quantifies a trend, dynamic, or characteristic and is used by marketers to help explain why things happened and also to predict the future.

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Which control could be used to mitigate the threat of hiring unqualified or larcenous employees?

Answers

Answer:

Segregation of duties

Explanation:

Segregation of duties is a key internal control intended to minimize the occurrence of errors or fraud by ensuring that no employee has the ability to both perpetrate and conceal errors or fraud in the normal course of their duties. Generally, the primary incompatible duties that need to be segregated are: Nội dung chính Segregation of Duties

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