Utility costs that relate to current year's operations but are not paid until the following year require:
a debit to Utilities Expensea credit to Utilities PayableWhat happens when expenses are not paid?Expenses are meant to be paid within the accounting period that they occur and if this does not happen, then they are to be treated as current liabilities in the Balance sheet.
This means that the Utilities Expense account will be debited as is the norm but the account that will then be credited is the Utilities Payable account which is a current liability.
Options for this question:
(Select all that apply.)
a debit to Prepaid Expense - Utilitiesa debit to Utilities Expenseno journal entrya credit to Utilities Payablea credit to CashFind out more on recording expense payables at https://brainly.com/question/16781277
#SPJ1
When conducting business in a market of comparative advantage, trading partners will realize:_____.
When conducting business in a market of comparative advantage, trading partners will realize "economies of scale."
What is Comparative advantage?
The ability of an economy to produce a certain good or service at a lower opportunity cost than its trading competitors is known as comparative advantage. The idea of comparative advantage shows how trade may be advantageous for individuals, nations, or companies. Comparative advantage in international trade refers to the goods that a nation can produce faster or cheaper than other nations. Even while this typically illustrates the advantages of trade, a number of modern economists now admit that relying solely on comparative advantages may lead to resource exploitation and depletion in a country.
To learn more about Comparative Advantages
https://brainly.com/question/14846093
#SPJ4
The main objective of value chain analysis is to identify stages of the value chain where the firm can:__________
A value chain is a methodical corporate strategy for taking a good or service from conception to completion.
A value chain is what?
A value chain is a business strategy that lists every step taken in the creation of a good or service. The procedures that take a product from conception to distribution, as well as everything that occurs in between, such as acquiring raw materials, carrying out manufacturing duties, and engaging in marketing activities, are all included in a value chain for organizations that create things.
A firm analyzes its value chain by analyzing the specific processes involved in each stage of its operations. A value-chain analysis' goal is to boost production efficiency so that a business can provide the most value for the least amount of money.
Value chains assist businesses in being more efficient so they can provide the most value for the least amount of money.
A value chain's ultimate objective is to give a business a competitive edge by boosting productivity and controlling costs.
The five major activities and four supporting activities of a corporation are examined under the value-chain theory.
To lean more about value chain from the given link.
https://brainly.com/question/1380316
#SPJ4
A shift in a ppc/ppf to the______________ illustrates growth which may be generated by better utilizing existing resources (improved technology) or by acquiring more resources over time.
In a ppc/ppf, a shift to the right (or outward) denotes expansion, which may be brought about by improving technology that makes better use of existing resources or by gradually accumulating more resources.
The Production Possibility Frontier (PPF): What Is It?
A graphed curve called the production possibility frontier (PPF) depicts the potential output of two goods whose production is dependent on a single finite resource. The production possibility curve is another name for the PPF.
In economics, PPF is also significant. It might demonstrate, for instance, that a nation's economy is operating at its peak efficiency.
to know about Production Possibility Frontier (PPF)
https://brainly.com/question/26754295
#SPJ4
Assume that a 4 percent increase in income across the economy produces an 8 percent increase in the quantity demanded of good x. the coefficient of income elasticity of demand is:________
Assume that a 4 percent increase in income across the economy produces an 8 percent increase in the quantity demanded of good x. the coefficient of income elasticity of demand is 2 , hence positive.
It is calculated as follows:
Percentage increase in quantity demanded = 8
Percentage increase in income = 4
Income elasticity of demand= Percentage change in quantity demanded/Percentage change in income .
= 8/4
= 2
When coefficient is positive it means it is a normal good.
Income elasticity of demand refers to the percentage change in quantity demanded due to percentage change in income.
It helps in predict the impact of business cycle on sale.
To know more about income elasticity of demand:
https://brainly.com/question/15313354
#SPJ4
Budget for long-term goals involving non-recurring items is called a(n):_________
Budget for long-term goals involving non-recurring items is called a capital budget.
What is capital budget?A business uses capital budgeting as a tool to assess potential big projects or investments. Examples of projects that might require capital budgeting before they are approved or denied include the construction of a new factory or a significant investment in an outside enterprise.Making decisions about a company's long-term capital investment in operations is done through capital budgeting. Capital budgeting is the process of forecasting future returns on investments in things like machinery, real estate, and new technologies.Because it fosters accountability and measurability, capital budgeting is crucial.A company's owners or shareholders would consider it irresponsible for it to invest resources in a project without first fully evaluating the risks and potential rewards.Learn more about capital budget here:
https://brainly.com/question/23719404
#SPJ4
The slope value is always the same at every point on a budget line but can be different at various points on a production possibilities frontier.
a. true
b. false
The slope value can vary at different places along a production possibilities frontier, but it is always the same at every point along a budget line.is True.
meaning
In mathematics, slope, also known as gradient, is a term used to describe the steepness and direction of a line or a segment of a line that connects two points. It is typically represented by the symbol m. The absolute value of a line's slope, m, is typically used to determine how steep it is. The line becomes steeper as the value increases. Based on the sign and value of m, one can deduce the direction of the line that m describes:
to know more about slope value
https://brainly.com/question/3493733
#SPJ4
Among the benefits businesses provide to their communities are:_______
a. goods and services
b. higher taxes required for fire and police
c. protection tax
d. payments jobs
Among the benefits businesses provide to their communities are: payments jobs
What is corporate social responsibility?
Corporate social responsibility is an avenue for businesses to impact positively on their environment more like a way to give back to the communities for providing an enable environment for the businesses to operate.
However, they provide so many benefits to the communities where they provide which include provision of jobs, note that goods and services are not benefits since they are only available to those who have the means to purchase them.
Find out more about corporate social responsibility on: brainly.com/question/1373962
#SPJ1
Specialists are experts in their field, but their major shortcoming as an entrepreneur is?
Answer:
Not being good at other skills as they focus only on their specialized area.
Explanation:
Specialists are experts in their field, but their major shortcoming as an entrepreneur is not being good at other skills as they focus only on their specialized area.
What skills do entrepreneurs lack?The study found that while the majority of serial entrepreneurs have improved their ability to persuade, lead, be personally accountable, be goal-oriented, and interact with others, they typically lack the ability to self-manage, empathize, plan and organize their work, and solve analytical problems.
Entrepreneurs occasionally incur costs from the general population and run a high danger of failing. Entrepreneurial endeavors may inadvertently cause layoffs in the medium future if established enterprises close.
Since they are unprepared or lack the requisite abilities, most businesses fail. The main thing standing in the way of an entrepreneur and the success of their business is fear.
Thus, not being good at other skills as they focus only on their specialized area.
For more information about skills do entrepreneurs lack, click here:
https://brainly.com/question/24957066
#SPJ2
Functional hypothalamic amenorrhea is a condition characterized by the interrelated factors of _________.
The functional hypothalamic amenorrhea is a condition characterized by the interrelated factors of energy deficit, menstrual dysfunction and loss of bone mineral density.
What is a functional hypothalamic amenorrhea?This refers to a medical condition that is characterized by dysfunction of the hypothalamic- pituitary-ovarian axis causing anovulation and the absence of menses without the presence of other organic disease.
Hence, it is related to profound impairment of reproductive functions including anovulation and infertility. The female health in this disorder is disturbed in several aspects including the skeletal system, cardiovascular system, and mental problems.
Read more about amenorrhea
brainly.com/question/7306001
#SPJ1
Trinh quits his $80,000-a-year job to become a full-time volunteer at a museum. what is the opportunity cost of his decision?
Trinh quits his $80,000-a-year job to become a full-time volunteer at a museum. The opportunity cost of his decision is at least $80,000.
Now he is not getting the 80k dollar because he is volunteering for an unpaid museum job. Therefore, he had an opportunity to not do the museum job and instead do a $80,000 job which he didn't do and his opportunity to make 80k has been lost.
What is opportunity cost?The price you pay when you choose between two or more possibilities is known as the opportunity cost. Regardless of what you stand to lose by making the decision, you believe it will benefit you more in the long run. Due to opportunity cost, any investment you make will either result in immediate losses or returns in the future.
Think about the decision of whether to sell stock shares right away or to hold onto them for a future sale. While it is true that an investor may secure any immediate advantages they may have by selling right away, they would forfeit any future gains the investment might have provided.
Learn more about opportunity cost
https://brainly.com/question/3611557
#SPJ4
__ are products that have low immediate appeal but may benefit consumers in the long run.
Salutary products are products that have low immediate appeal but may benefit consumers in the long run.
What is Long Run?There is a time frame known as the long run during which all cost and production elements are erratic. In the long run, businesses modify every expense, but in the short term, they can only affect prices by changing their production levels. A company may also anticipate competition in the long run, even though it may currently have a monopoly in the near term.
A long run is a span of time during which a manufacturer or producer can make production-related decisions with some latitude. Depending on the predicted profits, businesses can either increase or decrease their production capacity, or enter or leave a certain industry.
In order to achieve an equilibrium between supply and demand, firms that look at the long term understand that they cannot change output levels.
To know more about Long Run, visit
https://brainly.com/question/13029724
#SPJ4
Oligopolies are comprised of ______. multiple choice question.
a. hundreds of large producers
b. a few large producers
c. thousands of large producers
d. one large producer
(b). A few large producers.
Oligopolies are comprised of a few large producers.
An oligopoly is a market structure with not many firms, none of which can keep the others away from having an enormous effect. The center extent appraises the slice of the pie of the greatest firms.
A monopoly market with a single maker, a duopoly has two firms, and an oligopoly comprises at least two or more firms. There is no exact furthest cutoff to the number of firms in an oligopoly, however, the number should be low and adequate that the activities of one firm essentially impact the others.
This market comprise four main characteristics are:-
Not many Firms with an Enormous Piece of the pie.
High Obstructions to Passage.
Interdependence
More Effective.
To learn more about Oligopoly Market.
https://brainly.com/question/15243178
#SPJ4
Fixed assets are property and buildings that a firm expects to use for more than?
Fixed assets are land and buildings that a business anticipates using for more than a year.
Describe fixed assets.A business seeks to create income over the long term by using fixed assets.The most widely used phrase to describe fixed assets is "property, plant, and equipment."Any asset that is anticipated to be sold for cash or used within a year is considered a current asset.Along with fixed assets, noncurrent assets also include long-term investments and intangibles.Intangibles are amortized, whereas fixed assets are subject to depreciation to account for the decrease in value as the assets are utilized.To know more about Fixed assets visit:
https://brainly.com/question/28103935
#SPJ4
A newborn child receives a $ gift toward a college education from her grandparents. how much will the $ be worth in years if it is invested at ompounded quarterly?
The value of $20,000 be worth in 17 years if it is invested at 7% and compounded quarterly is $65068.443.
What is compound interest?Compound interest means simply that the interest on a bank account, lending, or investment grows exponentially over time rather than linearly. Compound is the key word here.
Assume you invest $100 in a company that pays a 10% dividend each year.
Her grandparents give a $20,000 college education gift to a newborn child.
[tex]\mathrm{A}=\mathrm{P}\left(1+\frac{\mathrm{r}}{\mathrm{n}}\right)^{\mathrm{nt}}[/tex]
Where A is the final amount,
P = principal amount,
r = interest rate,
n = number of times interest is applied in given time period, and
t = number of periods elapsed.
In the above formula, replace the known terms with:
[tex]\begin{aligned}&A=20000\left(1+\frac{0.07}{4}\right)^{4 \times 17} \\&A=20000(1.0175)^{68}\end{aligned}[/tex]
A = $65068.443
So, if $20,000 is invested at 7% as well as compounded quarterly for 17 years, it will be worth $65068.443.
To know more about compound interest, here
https://brainly.com/question/24924853
#SPJ4
The complete question is-
A newborn child receives a $20,000 gift toward college education from her grandparents. How much will the 20,000 be worth in 17 years if it is invested at 7% and compounded quarterly?
Issuance of common stock for cash affects which basic element of financial statements?
This entry influences property as properly as stockholders' equity.
When you trouble inventory for cash, you extend both shareholders' equity and cash.
The stock issuance is recorded in shareholders' equity as extra paid-in capital, in accordance to Bob Steele CPA.
What is issuance of frequent inventory on economic statement?Common stocks are shares issued with the aid of a enterprise to raise cash instead of selling debt or issuing desired stock.
Common shares are in reality everyday shares.
When the business enterprise troubles common inventory for the first time, they do so with the aid of an preliminary public offering or an IPO.
Learn more about issuance here:
https://brainly.com/question/25562729#SPJ4
Using the figure, what is the average per capita income in nations shown in the figure where the highest-income decile gets:
a. at least half of total income?
$
b. less than 30 percent of total income?
The highest income deciles receive 45% of the entire product. Hence option A is correct .
What is income inequality ?Total the per capita incomes of the five countries: Total = SA's per capita income plus N's per capita income plus B's per capita income plus H's per capita income plus Z's per capita income. Total = $12,240 + $9,490 + $15,640 + $1,720 + $3,810 Total = $42,900 Identify the countries with the highest average per-capita income.
The wealth gap, sometimes referred to as wealth disparity, is a measurement of how money is distributed within a certain nation, state, city, or demographic group; it is essentially the difference between the richest of the affluent and the poorest of the poor.
Income inequality, which measures how much each person makes, and wealth disparity are strongly related. However, wealth disparity encompasses more than simply income; it also takes into account the value of homes, vehicles, jewelry, and other goods as well as bank accounts, stocks, and other investments.
In many areas, unequal living conditions are largely caused by wealth inequality.
Learn more about Inequality here
https://brainly.com/question/11905169
# SPJ 2
When there is and efficiency, the market produces the right goods in the correct amounts using the fewest resources possible.
When it is allocative and productive efficiency, the market produces the right goods in the correct amounts using the fewest resources possible.
Efficiency is the maximum degree of performance that requires the fewest inputs and produces the greatest amount of output. Efficiency is using less superfluous resources, such as one's own time and energy, to produce a given product.
Allocative efficiency is the quality of a market where all products and services are efficiently divided among consumers in an economy.
Producing as much as feasible from the resources that are available in an economy is the economic principle known as productive efficiency, sometimes referred to as production efficiency.
To learn more about efficiency
https://brainly.com/question/14502027
#SPJ4
Initially, a bankers' acceptance is essentially? a covered call. a repurchase agreement. an embedded call option. a postdated check.
Initially, a bankers' acceptance is essentially a postdated check.
What is postdated check?A post-dated check is one that has been written by the drawer for a future date and is used in banking. Depending on the nation, a post-dated cheque may be cashed or deposited prior to the date printed on it.A check can be postdated by writing one for a later date rather than the one it was written on. Usually, the goal is for the check recipient to hold off on cashing or depositing the check until the date that has been mentioned in the future. In addition to postdating checks, there are additional options to give yourself extra time to obtain the required amounts to deposit checks in your account.Learn more about post-dated check here:
https://brainly.com/question/27960337
#SPJ4
brandon owes his brother $120. he has a stamp collection worth $1,250 and he has $300 in a bank account. he also has a skateboard worth $95.which are brandon’s assets?
Brandon’s assets are of $1550
According to the question Brandon owes his brother $ 120 which means that he has to repay $120 to his brother.
Now he has a stamp collection of $ 1,250, bank account of $ 300 and also a skate board worth $ 95.
The assets of Brandon are:
Stamp collection = $ 1,250
Bank account = $ 300
Therefore Total assets are of:
=1250+300
=1550 $
To know more about assets here:
https://brainly.com/question/13848560
#SPJ4
The value of information is directly linked to how it helps decision makers achieve their organization’s _____.
The value of information is directly connected to how it helps decision makers achieve their organization’s goals.
How to achieve organization’s goal?Organizational goals are strategic objectives that the management of a company sets in order to describe anticipated results and direct employees' efforts. Organizational goals can be divided into three categories: individual, team, and corporate. These objectives all have set deadlines for completion. These objectives frequently have longer time horizons than others.
Goals aid in the definition of a company's mission, promote corporate expansion, and help it meet its financial objectives. A corporation can monitor its progress and identify the tasks that need to be addressed to achieve those business goals by setting specific organisational goals. Organizational goals are quantifiable targets that are established to assist a company in achieving objectives like increased revenue, improved client satisfaction, a greater market share, staff retention, or innovation in the products and services it offers.
Hence, The value of information is directly connected to how it helps decision makers achieve their organization’s goals.
To learn more about organization’s goal refer to:
https://brainly.com/question/19334871
#PSJ4
The feature that distinguishes loss contingencies from other liabilities is the:_____.
The feature that distinguishes loss contingencies from other liabilities is the uncertain Outcome.
Why might incomes of $1 a day and $2 a day underestimate the value of the goods and services that these households actually consume?'
According to the Question, this is because of the following reasons.
Most households living on $1 or $2 a day produce and consume much of their own food and clothing.Low Income Countries
A sovereign state that is considered to be developing has a less developed industrial base and a lower Human Development Index than other nations. This term is not generally accepted, though. Furthermore, there is no consensus on which nations fall within this group.Is India a nation with a low income?India is now classified as a lower middle income country by the World Bank. In 2020, an Indian made $1,935 on average.To Learn more about Low Income Countries, Click the links.
https://brainly.com/question/17161342
https://brainly.com/question/15191788
#SPJ4
Correct Question - Poor India makes millionaires at fastest pace
India, with the world's largest population of poor people, also paradoxically created millionaires at the fastest pace in the world. Millionaires increased by 22.7 percent to 123,000. In contrast, the number of Indians living on less than a dollar a day is 350 million and those living on less than $2 a day is 700 million. In other words, there are 7,000 very poor Indians for every millionaire.
Why might incomes of $1 a day and $2 a day underestimate the value of the goods and services that these households actually consume?
Roi is most appropriately used to evaluate the performance of:_______
a. revenue center managers.
b. both profit center managers and investment
c. center manager
Roi is most appropriately used to evaluate the performance of both profit center managers and investment Option(b) is correct. ROI is a well known metric as a result of its flexibility and effortlessness.
What is Rate of Investment?Return on investment (return for money invested) is a presentation measure used to assess the productivity or benefit of an investment or look at the effectiveness of various investments.
Basically, ROI can be utilized as a simple measure of an investment's productivity. This could be the ROI on a corporate security, the ROI an organization anticipates on extending a plant, or the ROI created in a land transaction.
The actual calculation is straightforward, and it is generally simple to decipher for its great many applications. On the off chance that an investment's ROI is net positive, it is likely beneficial. Yet, assuming different open doors with higher ROIs are accessible, these signs can help financial backers dispose of or select the most ideal options.
Therefore Option(b) is correct.
Learn more about investment here:
brainly.com/question/15416632
#SPJ4
The first marketing law suggests that to be successful in the market, marketers need to?
The first marketing law suggests that in order to be successful in the market, the marketers need to understand the customer's demand and identify the brand positioning of the product in the market. Therefore, the option C holds true.
What is the significance of marketing laws?Marketing laws are the ones that are universally accepted principles followed by marketers in order to get successful position in the market. The first and foremost law tells about how one should position the brand in a market over the demand of customers.
Therefore, the option C holds true and states regarding the significance of marketing laws.
Learn more about marketing laws here:
https://brainly.com/question/16264752
#SPJ4
The incomplete question has been completed below for better reference.
A. Understand customer's demands
B. Identify brand positioning
C. Both A and B
D. None of these
The discount rate that makes the net present value of an investment exactly equal to zero is called the?
The discount rate that makes the net present value of an investment exactly equal to zero is called the internal rate of return (IRR).
The discount rate that reduces a project's net present value (NPV) to zero is known as the internal rate of return (IRR). In other words, it is the anticipated annual compound rate of return on an investment or project.
A profitable investment opportunity is indicated by an IRR greater than the discount rate.
It makes it easier to compare various investment opportunities and projects. The most practical and profitable choices are selected based on the IRR.
To know more about internal rate of return (IRR), click here:-
https://brainly.com/question/27833699
#SPJ4
A(n) ____ project implements changes to an existing system to enable operation in a different technology environment. question 5 options:
a. maintenance
b. enhancement
c. innovation
d. mandatory
Maintenance project implements changes to an existing system to enable operation in a different technology environment.
What is Technology Environment?
Environmental technology (envirotech), also referred to as green technology (greentech), or clean technology (cleantech), is the application of one or more of environmental science, green chemistry, environmental monitoring, and electronic devices in order to monitor, model, and conserve the natural environment and resources, as well as to lessen the adverse effects of human involvement. The phrase is also used to refer to renewable energy generation methods like photovoltaics and wind turbines. The foundation of environmental technology is sustainable development. Another use of the phrase "environmental technology" is to refer to a group of technological gadgets that can support resource management that is sustainable.
To learn more about Technology Environment
https://brainly.com/question/15157500
#SPJ4
When a corporation's shares are owned by a few individuals who are associated with the firm's management, we say that the stock is closely held.
true /false
True
When a corporation's shares are owned by a few individuals who are associated with the firm's management, we say that the stock is closely held is a "True" statement.
What is private firm/company?A private company is one that is privately owned. Private companies may have shareholders and issue stock, but their shares don't really trade on public exchanges and aren't issued through with an initial public offering (IPO).
Some key features regarding the private firm/company are-
Private companies are exempt from the Securities and Exchange Commission's (SEC) stringent filing requirements for public companies.In overall, the shares of these companies are less liquid, and determining their valuations is more difficult.Private companies are also known as privately held businesses. Private companies are classified into four types: sole proprietorships, limited liability corporations (LLCs), S corporations (S-corps), and C corporations (C-corps), each with its own set of rules for shareholders, members, and taxation.To know more about the private firm/company, here
https://brainly.com/question/886817
#SPJ4
Mark each of the following statements, regarding the wto, as true or false. if false, correct the statement. ______ the wto was formed by countries that conduct the majority of international trade.
The statement that the WTO was formed by countries that conduct the majority of international trade is TRUE.
Who formed the World Trade Organization?The World Trade Organization (WTO) was established by 123 nations around the world in 1994 with the signing of the Marrakesh Agreement.
The World Trade Organization was able to become so influential in regulating trade because these 123 nations were the major players in international trade.
Find out more on the World Trade Organization at https://brainly.com/question/25631712
#SPJ1
The failure to properly record an adjusting entry to accrue a revenue item will result in an.
The failure to properly record an adjusting entry to accrue a revenue item will result in an understatement of revenues and an understatement of assets.
Revenues is the overall amount of profits generated with the aid of the use of manner of the sale of goods and services associated with the number one operations of the monetary corporation. Business profits can also be known as earnings or as turnover. A few companies receive sales from interest, royalties, or excellent charges.
The crucial income definition is the general amount of cash delivered in with the useful aid of a commercial enterprise agency's operations, measured over a fixed quantity of time.
An organization's revenue is its gross profits earlier than subtracting any expenses. Earnings and normal earnings outline earnings—it's far the monetary gain through profits and/or offerings rendered.
Revenue, in economics, the earnings that a company receives from the sale of an amazing or service to its clients.
Learn more about revenue here:https://brainly.com/question/16232387
#SPJ4
Recent trends show that the percentage of the labor force represented by unions has _____.
Recent trends show that the percentage of the labor force represented by unions has decreased.
What is labor force ?Anything that is structured and compensated in a formal way is considered to be formal labor. Formal employment within a nation boosts its gross national product, unlike employment in the unorganized sector of the economy. Work that isn't covered by a formal contract under the law or in practice is considered informal. It can be either paid or unpaid, but it is almost always unorganized and unregulated. Over time, formal employment has shown to be more reliable. The former typically produces higher income as well as more advantages and security for both men and women.
A term used to describe the group of people who are either employed or unemployed is "the workforce" or "labor force."
To learn more about labor force from the given link:
https://brainly.com/question/12167259
#SPJ4