An account balance depicts the total asset other than the liabilities. It includes the saving and checking account balance that is available after all the debits, credits and charges are balanced.
The balance on the check will be:
Option A) $5,285
This can be estimated by:
Outstanding checks are issued but not reported in the bank account = $600 Outstanding deposits are the balance that is added in the account = $400Service charge is some money that is deducted by the banks as a service = $15 The total account balance = $5,500The cash account balance of the bank reconciliation = Ending cash balance + Deposit - Outstanding checks - Service charges
= $5500 + $400 - $600 - $15
= $5285
Therefore, $5,285 is the balance before the reconciliation.
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how do you manage scarce resources?
By setting the rations ahead of time and sticking to the intended plan as best as possible. Understand your limits to know how to measure the resources.
what statement about form i-9 is accurate?answer: a. the employee submits one or two documents to verify employment eligibility. b. it was significantly revised and expanded in 2020. c. a company submits this to request an ein. d. it is also referred to as publication 15.
Statement B is accurate: Form I-9 was significantly revised and expanded in 2020.
Form I-9 is a document that employers in the United States are required to use to verify the identity and employment eligibility of their employees. The form requires employees to provide certain documents to prove their identity and work authorization, such as a passport or driver's license and a Social Security card. The form was last revised in 2020, with changes aimed at making the form easier to use and reducing errors. Therefore, option B is the correct answer. Option A is incorrect because employees may need to submit several documents to verify their employment eligibility, not just one or two. Option C is incorrect because a company submits Form SS-4 to request an EIN, not Form I-9. Option D is incorrect because Publication 15 is a document published by the IRS that provides guidance on federal income tax withholding.
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Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 50,000 ounces from the Blending Department. During the period, the Filling Department completed 46,000 ounces, including 4,000 ounces of work in process at the beginning of the period. The ending work in process inventory was 8,000 ounces. How many ounces were started and completed during the period?
Answer:
The number of ounces started and completed during the period is 42,000 ounces.
Explanation:
The number of ounces started and completed during the period can be computed by simply deducting the beginning work in process from the number of ounces completed.
Since we have the following from the question:
Number of ounces completed by Filling = 46,000 ounces
Beginning work in process = 4,000 ounces
Therefore, we have:
Number of ounces started and completed = Number of ounces completed by Filling - Beginning work in process = 46,000 ounces - 4,000 ounces = 42,000 ounces
Therefore, the number of ounces started and completed during the period is 42,000 ounces.
In a liquidity trap, monetary policy has _____ effect on aggregate spending because a change in the money supply has _____ effect on interest rates.
In a liquidity trap, monetary policy has no effect on aggregate spending because a change in the money supply has no effect on interest rates.
An expansionary monetary policy (increase in money supply) in a liquidity trap inhibits economic growth by failing to raise interest rates or income. A little change in interest rates in the liquidity trap causes a very huge shift in the amount of money needed.
Finding appropriate borrowers can be difficult for financial institutions, which is a major feature of a liquidity trap. This is made worse by the fact that there isn't much opportunity for further incentives to draw in highly skilled people because interest rates are almost zero.
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if the usa imposes tariffs on imported steel it will
If the USA imposes tariffs on imported steel, it will likely lead to Higher prices for steel consumers
How would tariffs affect price ?Tariffs will make imported steel more expensive, which will likely lead to higher prices for steel consumers, such as manufacturers and construction companies.
Tariffs could lead to increased production of steel in the US, as US producers will have an incentive to produce more steel to meet the demand from domestic consumers. Tariffs will make it more difficult for foreign steel producers to compete with US producers, which could lead to higher profits for US steel producers.
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Preparing financial statements at the end of each monthly fiscal period is an application of the accounting concept: a) Adequate Disclosureb) Going Concernc) Objective Evidenced) Accounting Period Cycle
The correct option is D ; Accounting Period Cycle , The accounting cycle is a comprehensive procedure for locating, evaluating, and documenting a company's accounting events.
The usual 8-step procedure starts when a transaction takes place and concludes with its inclusion in the financial statements.
Identifying and analyzing transactions, recording transactions in a journal, posting journal information to a ledger, and preparing an unadjusted trial balance are the first four processes in the accounting cycle.
We start by outlining the steps and the documentation that goes along with them.
Any time frame utilized for financial reporting is referred to as an accounting period. The statements or reports for a certain accounting period include transactions that occurred during a specified calendar range.
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a certain city reports the following year-end total assets: general fund $ 18,400,000 library fund (a special revenue fund) 2,900,000 debt service fund 2,600,000 total governmental funds 26,300,000 total governmental and enterprise funds combined 51,250,000 based on this information, which funds should be reported as major funds?
The general fund ($18,400,000) and the debt service fund ($2,600,000) should be reported as major funds.
Major funds are defined as those funds that are considered significant in terms of size and scope. In the case of a city, the general fund and the debt service fund are typically considered major funds because they play a significant role in the overall financial operations of the city. The general fund is the main operating fund for the city and is used to finance the day-to-day operations, while the debt service fund is used to pay for long-term debt obligations.
Based on the information provided, the general fund and the debt service fund should be reported as major funds.
Total governmental funds: $26,300,000 (sum of the general fund, library fund, and debt service fund)
Total governmental and enterprise funds combined: $51,250,000
So, the general fund ($18,400,000) and the debt service fund ($2,600,000) should be reported as major funds.
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Interview a business owner on the crisis experienced in the workplace. attach an interview schedule a part of your oral presentation
To conduct an interview with an entrepreneur about a crisis experienced in the workplace, it is essential to develop a well-structured script.
How to develop an effective interview?It is essential that questions are developed in line with the theme and objective of the interview, seeking to eliminate ambiguity and subjectivity, generating greater consistency in the interview.
Some examples of interview questions for an entrepreneur about a crisis at work could be:
What strategy did the company develop to deal with the crisis experienced?What do you consider essential to overcome a crisis at work?Therefore, it is essential that an interview is conducted in an organized and planned manner so that its objective is achieved.
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(PLEASE HELP) Why might someone choose to own a business rather than simply working as an employee at one? Compare and contrast the advantages and disadvantages that come with owning a business and discuss. Explore why you personally would or would not like to own a business one day.
Answer: Being a business owner can be extremely rewarding. Having the ... More importantly, you have the freedom to make the decisions that are crucial to your own business success.
Explanation:
:)
your roommate says, "sales taxes are reported as an expense in the income statement." do you agree?
When an item is sold to a customer, sales tax applies. This is categorized as a current liability that must be paid to the government rather than a cost.
Does VAT correspond to sales tax?A flat tax assessed on an item is known as value-added tax (VAT). It is similar to a sales tax in some ways, but unlike a sales tax, the consumer pays the entire amount owed to the government at the point of sale. With a VAT, different parties to a transaction each pay a portion of the tax.
What is an illustration of a sales tax?Take a look at this sales tax illustration. Before you check out at The Clothing Boutique, you should estimate your final bill after taxes. The sum of the prices of the items in your cart adds up to $100. In that county, the sales tax is 9.5%, so you would divide $100 by 9.5% (100 x 0.095).
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Suppose a colleague of yours is gearing up to write a business plan for a business she intends to start. She told you she plans to prepare the financial statement first to get that job out the way before she tackles the rest of the plan. What is the flaw in your colleague’s logic as described to you
Answer:Even though preparing a financial statement is an important part of a business plan, you shouldn't do it first and think of it as "getting that job done." Several reasons for this include:
The business plan's other components are interconnected with financial statements: The executive summary, company description, marketing plan, operations plan, and management plan are all interconnected with the financial statement, which is not a stand-alone section of the business plan. The financial statement is influenced by each of these elements. Sales projections, for instance, will be influenced by the marketing plan, which in turn will have an effect on revenue and other financial projections.
Without a comprehensive business plan, it is challenging to produce accurate financial statements: Information about the business's costs, expenses, and revenue sources is necessary for financial statements to be accurate and complete. Financial statements can be made more accurately with the assistance of a comprehensive business plan, which provides a deeper comprehension of the company's operations, target customers, and competition.
The overall business strategy should be reflected in the financial statement: The overall business strategy and objectives ought to be reflected in the financial statement. There is a risk of producing a financial statement that does not align with the business's overall objectives if the financial statement is prepared before the business strategy and goals are identified.
As a result, it is absolutely necessary to approach the creation of a business plan from a holistic perspective and to not place any aspect above others. To ensure a cohesive and efficient plan, each component should be developed with the other components in mind.
Explanation:
a tariff rate quota provides a lower tariff rate to
To sustain the levels of import access that now exist and to guarantee a minimum level of access, a system of tariff-rate quotas was established.
How do you calculate tariff rate?Divide the total income from tariffs by the total value of imports to arrive at a trade-weighted averaged tariff rate. This is a typical method of reporting average tariffs because these statistics are often supplied by numerous nations.
What do tariff-rate quotas serve?In certain instances, the computed equivalent tariffs were too high to provide any meaningful chance for imports, much as the original provisions that were tariffied. To sustain the levels of import access that now exist and to guarantee a minimum level of access, a system of tariff-rate quotas was established.
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Write any two features of RTGS.
Features of RTGS Transaction
Realtime online fund transfer.
Used for high value transactions.
Safe and secure.
Reliable and backed by RBI.
Immediate clearing.
Funds credited on a one-on-one basis.
Transactions executed on an individual and gross basis.
Successful firms focus their efforts on satisfying customer needs that match their core competencies.
1. True
2. False
The given statement "successful firms focus their efforts on satisfying customer needs that match their core competencies" is true because successful firms often focus their efforts on satisfying customer needs that match their core competencies.
Core competencies are the unique strengths and capabilities that allow a company to deliver superior value to customers, and when a company can align those competencies with customer needs, it can create a strong competitive advantage. By focusing on meeting customer needs that match their core competencies, companies can differentiate themselves from their competitors and build strong customer loyalty. This can help to increase customer retention, enhance reputation, and ultimately drive sustainable business growth.
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If you could replace all of the grass in the world with something else, what would it be and why?
Answer:
I would replace it with cannabis, everyone is happier when there is green :)
Explanation:
Answer:
I would replace it with oil because oil is a rare resource
Explanation:
Tungsten Company, Inc., sells heavy construction equipment. There are 11,000 shares of capital stock outstanding. The annual fiscal period ends on December 31. The following condensed trial balance was taken from the general ledger on December 31, 2014:
Account Titles Debit Credit
Cash $34,900 Accounts receivable (net) 16,400 Inventory, ending 52,500 Operational assets 41,500 Accumulated depreciation $16,800
Liabilities 25,100
Capital stock 72,700
Retained earnings, January 1, 2014 16,680
Sales revenue 149,000
Sales returns and allowances 6,100 Cost of goods sold 78,900 Selling expense 14,700 Administrative expense 17,100 Bad debt expense 3,000 Sales discounts 7,400 Income tax expense 7,780 Totals $280,280 $280,280
Required:
Beginning with the amount for net sales, prepare an income statement (showing both gross profit and income from operations). Treat sales discounts and sales returns and allowances as a contra-revenue.
The preparation of an income statement for Tungsten Company, Inc.(showing both gross profit and income from operations) is as follows:
Tungsten Company, Inc.
Income StatementFor the year ended December 31, 2014
Net sales revenue $142,900
Cost of goods sold 78,900
Gross profit $64,000
Expenses:
Selling expense $14,700
Administrative expense 17,100
Bad debt expense 3,000
Sales discounts 7,400
Income tax expense 7,780 $49,980
Income from operations $14,020
What is an income statement?An income statement is a financial statement that shows the financial performance of an entity over a period.
The income statement shows the net income or profit or loss, as the case may be.
Tungsten Company, Inc.
Condensed Trial BalanceDecember 31, 2014
Account Titles Debit Credit
Cash $34,900
Accounts receivable (net) 16,400
Inventory, ending 52,500
Operational assets 41,500
Accumulated depreciation $16,800
Liabilities 25,100
Capital stock 72,700
Retained earnings, January 1, 2014 16,680
Sales revenue 149,000
Sales returns and allowances 6,100
Cost of goods sold 78,900
Selling expense 14,700
Administrative expense 17,100
Bad debt expense 3,000
Sales discounts 7,400
Income tax expense 7,780
Totals 280,280 $280,280
Net Sales Revenue:Sales revenue $149,000
Sales returns and allowances 6,100
Net sales $142,900
Outstanding capital shares = 11,000
Thus, the income statement of Tungsten Company, Inc. shows a net income or profit of $14,020.
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firms with a strong have employees who are more committed, better organizational citizens, and stronger performers. True or False
The statement that firms with a strong justice climate have employees who are more committed and stronger performers is True.
What happens when there is a strong justice climate?A company with a strong justice climate is one where employees are treated fairly and their work is rewarded in the same vein that they are given.
This serves to encourage employees to be more committed and stronger performers because they know they will be adequately rewarded. The employees will also be better organizational citizens because they will be more devoted to the company.
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(19b) 3. as a type of sales promotion, encourage trial and reduce consumer risk, although they may negatively impact perceptions of brand value.
Money-back guarantees are a type of sales promotion that encourages trial and reduces consumer risk, but they may negatively impact perceptions of brand value.
Money-back guarantees are a marketing strategy employed by companies to entice consumers to try their products or services with the assurance that if they are dissatisfied, they can get a refund. This approach reduces the perceived risk for consumers, as they feel more comfortable trying a new product or service without the fear of wasting their money. However, implementing money-back guarantees may have a potential downside. Some consumers might perceive the brand as less valuable or question its quality if the need for such guarantees is prominently highlighted.
Sales promotions serve as incentives to drive consumer purchases and increase product trial. Money-back guarantees specifically aim to reduce consumer risk by offering a refund if the customer is not satisfied with the product. This strategy can be effective in persuading hesitant consumers to try a new product or switch brands, as it provides a safety net in case of dissatisfaction. However, money-back guarantees can also impact perceptions of brand value. By emphasizing the need for such guarantees, consumers might question the quality or reliability of the product. They may perceive the brand as lacking confidence in its offerings or believe that the company expects a significant number of dissatisfied customers. Therefore, while money-back guarantees can encourage trial and reduce consumer risk, they should be implemented carefully to minimize any negative impact on brand perception and value.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Briefly discuss three objectives of the government
Government aims to influence distribution of income by imposing taxes on the rich and spending more on the welfare of the poor. It will reduce income of the rich and raise standard of living of the poor, thus reducing inequalities in the distribution of income. 3. Economic Stability:
dozen or so of its outlets before relwasing it nationwide. when the company does this, it is engaged in
When a company releases a dozen or so of its outlets before releasing it nationwide, it is engaged in the process of market testing.
The process of market testing is where a company releases a product to a small segment of the population before releasing it to the public or to a larger market. This is done to test the product and its effectiveness before spending money on mass production. Market testing is used to determine the following aspects of a product:
The quality of the product: The price range that is acceptable to consumers. If the product meets customer needs.
Marketing of the product: The success of the product in the market
Thus, a company releases a dozen or so of its outlets before releasing it nationwide when they want to conduct market testing. This is done to ensure that the product is successful in the market and meets the customers' needs before releasing it to a larger market.
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suppose savannah's art studio is charging the market price, which is slightly higher than her average total cost. this means that savannah:
If Savannah's art studio is charging the market price, which is slightly higher than her average total cost, it means that she is earning a profit on her products or services. Option a is Correct.
The market price is the price that consumers are willing to pay for a product or service, while the average total cost (ATC) is the total cost of producing a product or providing a service, including all the costs of labor, materials, and overhead. If the market price is slightly higher than the ATC, it means that Savannah is earning a profit margin above her average total cost. This profit margin allows her to cover her costs and generate revenue to sustain her business.
However, if Savannah continues to charge a price that is significantly higher than her ATC, she may not be able to attract enough customers to sustain her business, as consumers may perceive her products or services as overpriced compared to similar offerings from competitors. Therefore, it's important for Savannah to strike a balance between charging a price that is high enough to cover her costs and attract customers, while also ensuring that her products or services are competitively priced in the market. Option a is Correct.
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Correct Question:
Suppose savannah's art studio is charging the market price, which is slightly higher than her average total cost. this means that savannah :
a. is earning a small economic profit.
b. is incurring a small economic loss.
c. is breaking even.
d. should shut down immediately.
Because Worldcom's accounting fraud was brought to an end with Cynthia Cooper's intervention,
WorldCom investor and employee losses were
Answer:
Explanation:
Less
Andrea has a health insurance deductible pf $5,000. Her medical bills for the year total $49,000. How much will she be required to pay out of pocket on her annual medical bills?
A. $5,000
B. $33,000
C. $0
D. $38,000
b is right answer I think
$5,000 is the amount she will pay out of pocket on her annual medical bills.
Basically, the term of Deductible is used in Insurance. The amount of deducible refrain the Insurer from liability until a certain level of liability is reached.
In health Insurance, having a deductible of $5,000 on one's policy means the health plan benefits will start after one pays $5,000 out of his pocket.
Information given
Deductible = $5,000
Total claim = $49,000
Therefore, the Option C is correct because $5,000 is the amount she will pay out of pocket on her annual medical bills.
A nurse, police office, and teacher would all have _____ interests. a. scientific b. social c. office operations d. craft Please select the best answer from the choices provided A B C D
Answer:
B
Explanation:
They all have to talk to their fellow co-workers. Therefore B is the best answer
Answer:
B) social
Explanation:
Just took the test
Ceos & financial markets usually use the past year's return on equity as the main way to judge strategic performance. why can this be a problem?
The financial markets usually use the past year's return on equity as the main way to judge strategic performance because option b. ROE is really constrained by the long term asset and equity positions of a company, and therefore won't vary that much from period to period.
What is Return on Equity (ROE)?Return on Equity (ROE) is known to be that which is often used to measures the net profits gotten by a firm based on each dollar of equity investment that is also been contributed by shareholders.
Note that this is one that tends to be expressed in percentage form and thus, The financial markets usually use the past year's return on equity as the main way to judge strategic performance because option b. ROE is really constrained by the long term asset and equity positions of a company, and therefore won't vary that much from period to period.
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See options below
a. CEO decisions can dramatically improve ROE in the short run.
b. ROE is really constrained by the long term asset and equity positions of a company, and therefore won't vary that much from period to period
c. ROE is only relevant to shareholders, and is not meaningful to those who own a company's bonds
The two pivotal factors that distinguish one competitive strategy from another boil down to.
The two pivotal factors that distinguish one competitive strategy from another boil down to:
(1)whether the company's market target is broad or narrow, and (2) whether the company is pursuing a competitive advantage linked to lower costs or differentiation.
broad differentiation, best-cost provider, low-cost provider, focused differentiation, and focused low-cost strategies are examples of generic competitive strategies. T he following generic types of competitive strategies is usually the "best" strategy for a business to use
What distinguishes focused (or market niche) strategies from broad differentiation strategies and low-cost leadership is their concentrated interest on serving the needs of buyers in a small portion of the overall market significantly lower overall costs than competitors on comparable products.
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Which of the following about the Nernst equation and the GHK equation is TURE? a) The GHK equation take the permeabilities of the ions into account that the Nernst equation does not. Ob) The Nernst eq
Option A is true. The GHK (Goldman-Hodgkin-Katz) equation takes into account the permeabilities of ions, which the Nernst equation does not.
The Nernst equation is used to calculate the equilibrium potential of an ion based on its concentration gradient. It considers only the concentration of ions and the charge of the ion. It does not take into account the permeability of the ion across the membrane.
On the other hand, the GHK equation is an extension of the Nernst equation and incorporates the permeabilities of multiple ions. It considers the relative permeabilities of different ions in addition to their concentration gradients and ion charges. This allows for a more accurate prediction of the membrane potential by considering the contributions of multiple ions.
Therefore, the correct answer is Option A.
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Rickic is charged with a crime in a amall town in Michigm. Rick knows many people who live in the town due to its imall size. Ricki's attorncy argues that the case should be beard in a different town because the case will harm Ricla's repetation in this small town. The prosecuting attorncy argues for the case ta be beard in the small town in Michigan. The concept the atiomeys are arguine over is __ a) standing which involves the right of a party to being a case. b) Jurisidiction, which involves the court's authority to hear a case. c) judicial review, which involves the right of the judiciary to review the actions of the other branches. d) venoe, which involves where it is more appropriate and convenieat to bear-a case.
The answer is, The correct option is b) Jurisdiction, which involves the court's authority to hear a cave, The topic that the lawyers are discussing in the scenario above is jurisdiction. A jurisdiction is a geographical area with a unique set of laws that are governed by a court system or other government body.
Which 4 jurisdictional categories are there?From greatest Air Force authority to least, there are four primary categories of jurisdiction: (1) exclusive federal jurisdiction; (2) concurrent federal jurisdiction; (3) partial federal jurisdiction; and (4) proprietary jurisdiction.
Which phrase best encapsulates the term jurisdiction?The legal word for the power given to a legal institution to administer justice is jurisdiction. In federations like the United States, there are local, state, and federal levels of jurisdiction.
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Greg works at a local college and organizes activities for college students to do while living in the dorms. What is Greg’s career?
A.Social Service Assistant
B.Residential Advisor
C.Sociologist
D.Health Counselor
Answer:
B. RA (residential Advisor)
Explanation:
Watch way too much tv lol
Answer:
The answer is B; Residential Advisor
Explanation:
I am taking the test right now, this is the answer I am selecting.