what is the difference between accrual and realization concept in accounting​

There are different kinds of skills. One of the skills that most leads to success in the workplace is  working well as part of a team.

It is very essential to note that  when one work with others in a work place, it is good to depends on others sometimes and this can bee done through interaction.

Positive interactions in the workplace often increase good feelings, increase morale and boast work satisfaction.  Success in the workplace is not based on intelligent you are or your qualifications.

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Answer:

its 3

Explanation:

When preparing standard costs, we primarily consider microeconomics, which is the study of the behavior of individual consumers, firms, and industries. Standard cost is the estimated cost of producing a unit of product or service, based on historical data and budgeted costs.

It is used as a benchmark to compare actual costs with expected costs and to analyze the variances between them. In order to determine standard costs, we need to consider the cost of each individual input such as direct materials, direct labor, and overheads. This analysis is done at the microeconomic level because it involves the behavior and decision-making of individual firms and their interactions with suppliers, customers, and competitors.

The macroeconomic factors such as inflation, interest rates, and unemployment rates may also have an impact on the cost of production but these are generally outside the scope of standard cost analysis. Therefore, while macroeconomics can indirectly influence the cost of production, the focus of standard cost analysis remains on the microeconomic factors that affect the cost of individual inputs.

Overall, standard cost preparation involves a detailed microeconomic analysis to determine the estimated cost of producing a product or service, which is then compared with the actual costs to identify any variances and improve the cost efficiency of the firm.

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By using the price elasticity of demand formula, the quantity of messenger bags that would be sold per week is 240 messenger bags.

Mathematically, the price elasticity of demand can be calculated by using the following formula;

Price elasticity of demand = (Q₂ - Q₁)/[(Q₂ + Q₁)/2]/(P₂ - P₁)/[(P₂ + P₁)/2]

For the change in price, we have:

Change in price, ΔP = P₂ - P₁

Change in price, ΔP = $44 - $36

Change in price, ΔP = $8

From the midpoint formula, the midpoint price is given by:

Midpoint price, P = (P₂ + P₁)/2

Midpoint price, P = ($44 + $36)/2

Midpoint price, P = $80/2

Midpoint price, P = $40

For the change in quantity, we have:

Change in quantity, ΔQ = Q₂ - Q₁

Change in quantity, ΔQ = Q₂ - 400

From the midpoint formula, the midpoint quantity is given by:

Midpoint quantity, Q = (Q₂ + Q₁)/2

Midpoint quantity, Q = (Q₂ + 400)/2

Midpoint quantity, Q = 0.5Q₂ + 200

Now, we would substitute the parameters into the formula for price elasticity of demand:

-2.5 = (Q₂ - 400)/8 × 40/0.5Q₂ + 200

Evaluating the above, we have:

-2.5(0.5Q₂ + 200) = 5(Q₂ - 400)

-1.25Q₂ - 500 = 5Q₂ - 2000

5Q₂ + 1.25Q₂ = 2000 - 500

6.25Q₂ = 1500

Q₂ = 1500/6.25

Q₂ = 240 messenger bags.

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Complete Question:

The current price of canvas messenger bags is $36 each and sales of the bags equal 400 per week. If the price elasticity of demand is -2.5 and the price changes to $44, how many messenger bags will be sold per week? Use the midpoint formula.

Explanation:

Evaluating the Efficiency of his Employees.

Answer:

$60.70

Explanation:

Calculation to determine how much additional equity financing is required for next year

First step is to calculate the Current total equity

Using this formula

Current total equity= Total assets - Total liabilities

Let plug in the formula

Current total equity = $1,650 + $800 - $490

Current total equity= $1,960

Second step is to calculate the Projected assets using this formula

Projected assets = Total assets * Projected increase in assets

Let plug in the formula

Projected assets =($1650 + $800 ) * (1 +10%)

Projected assets = $2,695

Third step is to calculate the Projected liabilities using this formula

Projected liabilities = Current liabilities * Projected increase in liabilities

Let plug in the formula

Projected liabilities = $490 * (1 + 10%)

Projected liabilities= $539

Fourth step is to calculate the Projected increase in retained earnings

Using this formula

Projected increase in retained earnings = Projected sales * Profit margin * Retention ratio

Let plug in the formula

Projected increase in retained earnings = ($2,460 * 110%) * 5% * 100%

Projected increase in retained earnings = $135.30

Now let calculate the Additional Equity funding needed using this formula

Additional Equity funding needed = Increase in assets - Increase in current liabilities - Current equity - Increase in retained earnings

Let plug in the formula

Additional Equity funding needed = $2,695 - $539 - $1,960 - $135.30

Additional Equity funding needed= $60.70

Therefore the additional equity financing that is required for next year will be $60.70

Answer:

Explanation:

Contract:- A contract is an agreement between two or more parties. It is a written or legal agreement.

Thus for the formation of a contract, there must be-

a) an agreement

b) the agreement should be enforceable by law

All agreements are not enforceable by law and therefore, all agreements are not contracts. Some agreements are not enforceable by law.

                                   Classification of Contracts

According to validity

Valid Contract

Illegal Contract

Void Contracts

Unenforceable Contract

According to Formation

Expressive Contract

Implied Contract

Quasi Contract

E-Contract

According to Performance

Executed Contract

Executory Contract

Unilateral Contract

Bilateral Contract

Valid Contract - Enforceable by a court of law

Void Contract - Not enforceable by a court of law

Illegal Contract - Void and forbidden by law

Unenforceable contract - Not enforceable by a court of law due to some technical error in the contract.

Express Contract - The contract is expressed through words whether oral or written

Implied Contract - When a contract is created by action or implication of law

Quasi Contract - The contract is expressed through words whether oral or written

E- contract - The contract is expressed through words whether oral or written.

Executed Contract - Performance did on part of all parties

Executory Contract - Performance is pending by one or more parties

Bilateral Contract - Performance is pending by both parties

Unilateral Contract - Performance is pending by one party

If the contract is "mixed," meaning it involves both the sale of goods and the performance of services, the governing law (UCC or common law) is determined by the predominant factor. This means that whichever aspect of the contract is the main focus or primary purpose will determine the governing law. The correct option is d.

For example, if the contract involves the sale of a computer and also includes installation and setup services, but the primary purpose of the contract is the sale of the computer, then the UCC (Uniform Commercial Code) would be the governing law.

On the other hand, if the primary purpose of the contract is the performance of services, then common law would be the governing law. The determination of the governing law is important because the UCC and common law have different rules and requirements for contracts, such as the statute of frauds, warranties, and remedies for breach of contract.

Therefore, it is important to understand which law governs the contract in order to properly interpret and enforce its terms. It is not determined by Article 6 or liability relating to a negotiable instrument, but rather by the predominant factor in the contract. The correct option is d.

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The consolidated common stock account at December 31 is  $1,430

Using this formula

December 31 Consolidated common stock account=Common Stock + Stock Issued par value

Let plug in the formula

December 31 Consolidated common stock account=$1,080+($10 × 35 shares)

December 31 Consolidated common stock account= $1,080 + $350

December 31 Consolidated common stock account= $1,430

Inconclusion The consolidated common stock account at December 31 is  $1,430

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Answer: It's seasonal.

Explanation:

Answer: $279,000

Explanation:

Accrued revenue and expenses should be accounted for because they have been realized and incurred in the current period.

Used insurance and depreciation should be accounted for as the expenses they are and rent revenue earned should be treated as revenue.

Pretax income after adjustments:

= Pretax income + Accrued sales revenue + rent revenue - Depreciation - Accrued expenses - Insurance

= 300,000 + 36,000 + 2,000 - 38,000 - 17,000 - 4,000

= $279,000

Answer:

Deposited amount will decrease by 1% and $2,000

Explanation:

Inflation rate will effect the value of money due to decrease in purchasing power of the currency holder.

We will use following formula to calculate the impact

Nominal rate = Real interest rate + Inflation rate

5% = Real interest rate + 6%

Real interest rate = 5% - 6% = -1%

The deposited amount will be decreased by 1%.

Deposit value = $200,000 x ( 1 - 1% ) = $198,000

Decrease in value = $200,000 - $198,000 = $2,000

Answer:

COGS= $11,600

Explanation:

Giving the following information:

Beginning inventory= 735 units for $8

During February the company produced 700 units for $12 per unit.

Units sold= 1,100

Under the LIFO (last-in, first-out) method, the cost of goods sold is calculated using the cost of the last units produced.

COGS= 700*12 + 400*8

COGS= $11,600

Answer:

Its true....the statement is true

A promissory note can best be described as: a. an interest-bearing IOU.

Promissory note can be defined as a written note that help to shows that a person who lend a money from another person  promise to payback. The note contains  a promise by the borrower to pay back the lender within a stipulated period of time.

A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which  the borrower will have to payback.

A promissory note also contains the terms and conditions of the agreement  and this terms and agreement includes the following :

Therefore we can conclude that the correct option is A.

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The correct answer is B. Economic demand is the amount of a good or service that consumers are willing and able to buy at various prices.

It reflects the relationship between the price of a product and the quantity that consumers are willing to purchase at that price. Demand is influenced by factors such as price, consumer preferences, income levels, and availability of substitutes.

As the price of a product decreases, the quantity demanded generally increases, and vice versa, following the law of demand. The demand curve represents this relationship, showing the quantity of a good or service that consumers are willing and able to buy at different price points.

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The total retained earnings on 31st December 2016 is $197,100. The journal entry are attached below.

Retained earning is basically the profits of the company which is kept aside to meet the future requirement of the company. It the amount which is left over after deducting all cost such as direct cost, indirect cost, income taxes and dividend.

The retained earning is used in the future projects or for buying the equipment for the company.

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.

Answer: C.

Cost of Goods Sold

3,500

Merchandise Inventory

3,500

Explanation:

A perpetual inventory system is a system thats uses records transactions that take place in real-time. Both the returns and the purchases are recorded immediately as they happen in the inventory account.

Under the perpetual inventory method, it should be noted that sales will be credited to the inventory while the purchases that are incurred will be debited to the inventory and it should be noted that the debit will be recorded in the account of the cost of goods sold.

Therefore based on the question, the journal entry to record the cost of goods sold would​ be:

Debit: Cost of goods sold $3500

Credit: Merchandise inventory $3500

Therefore, the correct option is C.

Answer:

b

Explanation:

Entrepreneurs face a variety of innovative challenges that can impact the marketing of their enterprise. One such challenge is identifying the right market for their product or service. They need to understand the needs and preferences of their target audience and adjust their marketing strategy accordingly.

Building brand awareness is another challenge for entrepreneurs, as they often lack the resources of established brands. They need to develop innovative marketing strategies that can help them stand out from the competition and build a loyal customer base.

Limited resources can also be a challenge, which requires finding cost-effective ways to promote their brand. Staying ahead of the competition by constantly innovating and improving their products or services is necessary. Finding the right talent to help market their enterprise effectively is also important.

As the enterprise grows, entrepreneurs face the challenge of managing that growth effectively, which requires a strategic approach to marketing and a deep understanding of their target audience. Despite these challenges, entrepreneurs who can navigate them successfully can build a successful brand and thrive in today's competitive business environment.

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A requested task is subject to be reported when it promotes violent and/or illegal activities. This ensures that any content or actions that pose a threat or violate the law are appropriately addressed and handled. Reporting such tasks helps maintain a safe and secure environment for users and prevents the dissemination of harmful or unlawful content.

Promoting violent and/or illegal activities goes against community guidelines and ethical standards. By reporting such tasks, users can play an active role in upholding the rules and regulations of the platform or community they are a part of. Reporting serves as a mechanism for users to flag content or requests that could potentially harm individuals or society as a whole.

Requesting for a screenshot, asking for three proofs, or requesting an email address submission, on their own, may not necessarily warrant a report. These actions typically serve functional or practical purposes in various contexts. However, it is essential to assess the overall intent and impact of a requested task to determine whether it aligns with ethical standards and legal requirements. If a task requests actions that are potentially harmful or against the rules, it should be reported to the appropriate authorities or platform administrators for further investigation and appropriate action.

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Answer:

A partner deliberately and consistently commits breach of agreements relating to the management of the firm.

Explanation:

The partnership can be dissolved if the partner has breached the agreements that are related to the management of business affairs.

An organization that will be analyzed in this context is Coca-Cola.1.1 Summary of the nature of the business:Coca-Cola is one of the most well-known beverage manufacturers in the world. They create fizzy drinks, juices, and water for a variety of markets.

Their drink portfolio includes more than 200 brands sold in over 200 countries.1.2 Summary of the business model:Coca-Cola Company follows a business model based on creating strong brands that generate significant customer demand.

Their main goal is to build and enhance brand equity. They engage in extensive advertising and promotion campaigns to attract more consumers.1.3 What are the key business drivers:Coca-Cola's essential business drivers are its brand, extensive distribution network, market reach, product innovation, customer satisfaction, and product differentiation.2.1 Nature of decision describing what decision needed to be made and why:The business decision that was taken by Coca-Cola was regarding the selection of the right marketing mix, which is a critical decision.

This allowed them to gain valuable insights into how the consumers perceive their products, which they could use to develop targeted marketing strategies. From a risk modeling perspective, the approach is beneficial because it allows the company to minimize the risks by identifying the issues that consumers may face with their products.3.1 Using the selected business decision from above, identify at least 5 risks that needed to be considered to make the same:1. Competition from other beverage manufacturers2. Consumer preferences and behavior3. Changes in market trends4. Fluctuating economic conditions

5. Changing health and safety regulations3.2 Using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk:The following table shows the qualitative risk analysis for the five risks that were identified:RiskProbabilityImpactCompetitionMediumHighConsumer preferences and behaviorHighHighChanges in market trendsLowHighFluctuating economic conditionsHighMediumChanging health and safety regulationsLowMedium3.3 Using a matrix included in Appendix A, plot the risks on a heat map and explain what the map means:The risks were plotted on a heat map, as shown below:The heat map shows that the competition and consumer preferences risks have a higher probability of occurrence and impact, while the changes in market trends and health and safety regulations have a lower probability of occurrence and impact.4.1 Using the register derived in question 3.1, calculate the average impact (expected monetary value) using aggregation of static values:

The five possible expected monetary values are calculated by multiplying the probability of each risk and the range of possible impacts.RiskProbabilityImpactRange of possible impactsExpected Monetary ValueCompetitionMedium$2,000,000-$4,000,000$1,200,000Consumer preferences and behaviorHigh$3,000,000-$5,000,000$3,000,000Changes in market trendsLow$1,000,000-$3,000,000$300,000Fluctuating economic conditionsHigh$1,000,000-$2,000,000$1,200,000Changing health and safety regulationsLow$500,000-$1,000,000$50,000Total Expected Monetary Value$5,750,0005.2 Describe the result of this methodology using an appropriate diagram:The following diagram shows the possible expected monetary values for the five risks:5.3 Summarize what does this average impact value mean for the organization:

The average impact value means that the Coca-Cola Company could potentially lose an estimated $5,750,000 due to the five risks that were identified. This value represents the range of possible impacts that the company may face, given the probability of occurrence of each risk. The company can use this information to identify the risk mitigation strategies that are required to minimize the impact of these risks.

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Answer:

Therefore, the Beta of Portfolio AC is 1.10

Explanation:

In order to calculate the Beta of Portfolio AC we would have to make the following calculation of the following formula according to the given data:

beta of Portfolio AC is given as=80%*1.0+20%*1.5

beta of Portfolio AC is given as=0.8+0.3

beta of  Portfolio AC is given as=1.10

Therefore, the Beta of Portfolio AC is 1.10

The correct option is B : How focused are you on information and people ?

As a result of our exposure to society and how we interpret it, critical consumption is based on internal beliefs and ideas.

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Answer:I need points

Explanation: by 7-4p 4

Answer:

Performing mathematical formulas

Explanation:

APEX

A general view from the leadership, internal and external communication with stakeholders has been provided

Leadership:

Efficient leadership necessitates setting a definitive vision, encouraging and motivating personnel, and making judicious decisions when required. A successful leader should succinctly verbalize the vision and objectives of the organization and guarantee that employees comprehend their positions in attaining those aims.

Interior communication with stakeholders pertains to communication within an institution with staff, superior executives, and additional internal stakeholders. Successful internal communication can facilitate aligning the visions and aspirations of the corporation and guaranteeing that everybody is progressing towards common ambitions.

External communication with stakeholders:

External communication with stakeholders alludes to communication with purchasers, vendors, financiers, and other external parties. Effective external communication can promote constructing associations with these stakeholders, embellish the standing of the establishment, and elevate customer gratification.

Certain obstructions to productive communication can affect the capability of leaders to communicate effectively with stakeholders. These impediments involve speakers barriers, cultural differences, physical detachment, and technological issues. Other hindrances consist of inadequate trust, deficient listening aptitudes, and indefinite or ephemeral messages.

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Answer:

a) a lock icon is not displayed in the address bar

(d) the url of the website begins with http

Explanation:

The lock item in the address bar is proof that the communication between your computer and the website is secure because it indicates that the communication is encrypted. If it is not there therefore, the communication is not secure.

Websites with Hypertext Transfer Protocol Secure (HTTPS) are secured as the communication is encrypted by the use of Transport Layer Security unlike websites with the basic HTTP. Visits to such sites are therefore riskier as there is a higher chance of information theft.

The website is not secure when its not displaying a lock, missing an updated SSL and does start with an HTTP instead of HTTPS.

Hence the option D is correct that is the URL of the website begins with HTTP.

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