what types of accounting reports are prepared in conformity with generally accepted accounting principles
Answers
The answer is financial statements, they are the types of accounting reports are prepared in conformity with generally accepted accounting principles.
Financial Statements: What Are They?Financial statements are documents that describe a company's operations and financial performance. Government organizations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and for tax, financing, or investing purposes.
What role do financial statements play?A company's financial health may be seen at a single glance thanks to the financial statements that reveal information about its operations, performance, and cash flow. Since they reveal details about a company's earnings, costs, profitability, and debt, financial statements are crucial.
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Related Questions
Diane paid $600,000 for a six-unit apartment building. The gross income is $900 per month per unit, with annual expenses of $16,800 annually. What was the capitalization rate for this investment
Answers
Answer:
8%
Explanation:
First calculate annual gross income. 900 x 6 x 12 = 64,800. Next determine the net income. 64,800 - 16,880 = 48,000. 48,000 / 600,000 = .08 or 8%
Four different stores have the same watch on sale. The original price and discounts offered by each store are listed below. Rank the stores from the cheapest to most expensive sale price of the watch. Store A: price $129. 99 and discount of 25% Store B: price $119. 99 and discount of 15% Store C: price $115. 99 and successive discounts of 5% and 5% Store D: price $109. 99 and discount of 10% a. A, B, C. D b. A, B, D, C c. A, C, D, B d. A, D, B, C.
Answers
The stores ranked from the cheapest to most expensive sale price for the watch is : A, D, B, C.
A discount reduces the price of an item. The formula that can be used to determine the price after a discount is: initial price x (1 - discount rate)
Price after discount
Store A: $129.99 x (100 - 25%)
$129.99 x 0.75 = $97.49
Store B: $119.99 x (100 - 15%)
$119.99 x 0.85 = $101.99
Store C:
Price after the first discount = $115 x (100 - 5%)
115 x 0.95 = $109.25
Price after the second discount = $109.25 x (100 - 5%)
$109.25 x 0.95 = 103.79
Store D:
$109.99 x (100 - 10%)
$109.99 x 0.90 = $98.99
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differentiate between
Alkali metals and halogens
Halogens and inert gases.
Answers
Which step of the legislative process is missing?
with answers in screenshot
Answers
Unstable cildiei 1.
NISM
Kelly Krantz
3 points
13. Kelly Krantz saved $250.00 to buy clothes and supplies for the new school year. She went to the mall
and bought the following items: 3 pair of jeans that cost $35.00 each; 5 shirts that cost $15.50 each;
new shoes for $48.00; 6 notebooks at a cost of $1.50 each; and a pack of pens for $2.75. How much
more or less than she budgeted did she actually spend?
Your answer
Submit
Log
Answers
Answer:
$62.50 more
Explanation:
please mark branliest
what is the most critical limitation of direct and indirect calorimetry methods?
Answers
The most critical limitation of direct and indirect calorimetry methods is their inability to provide precise measurements in real-world settings and practical applications. While these methods are valuable for understanding energy expenditure and metabolic processes in controlled laboratory conditions, they face challenges when applied to everyday situations.Direct calorimetry measures heat production directly by measuring the heat released from an individual's body.
However, it requires specialized equipment and controlled environments, making it impractical for routine use. Indirect calorimetry estimates energy expenditure by measuring oxygen consumption and carbon dioxide production. Although indirect calorimetry is more widely used, it still has limitations.One limitation is that indirect calorimetry assumes that the respiratory quotient (RQ), which represents the ratio of carbon dioxide produced to oxygen consumed, remains constant. However, RQ can vary based on factors like diet composition, metabolism, and activity level. This assumption introduces errors and uncertainties in energy expenditure calculations.Furthermore, indirect calorimetry requires accurate measurements of oxygen consumption and carbon dioxide production, which can be affected by factors such as breathing patterns, equipment accuracy, and subject cooperation. Small errors or inconsistencies in these measurements can significantly impact the reliability of the results.
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A job application is a form used to make a job request. (3 points)
True
False
Answers
Answer:
I would say it is True.
Explanation:
A job application form states your personal information
Because interest is usually tax deductible and payments are deferred until you graduate, it is good advice to take out the maximum student loan for which you can qualify.
Answers
It is not necessarily good advice to take out the maximum student loan for which you can qualify.
While it is true that interest on student loans is often tax deductible and payments are deferred until after graduation, it is important to consider the long-term implications of taking on excessive debt. Taking out the maximum loan amount may lead to a higher overall debt burden and larger monthly payments after graduation. It is recommended to only borrow what is necessary to cover tuition, fees, and essential living expenses.
Additionally, exploring other options such as scholarships, grants, and part-time work can help reduce the need for excessive borrowing. It is important to carefully consider your financial situation and future earning potential before deciding how much to borrow.
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Under what conditions would a nation be viewed as being neither a net borrower nor a net lender in the international economy?.
Answers
Conditions would a nation be viewed as being neither a net borrower nor a net lender in the international economy is its trade balance is zero.
International economy
International economics is concerned with how disparities in consumer choices and productive resources across national boundaries, as well as the institutions operating internationally, impact economic activity. It aims to explain the trends and effects of contacts and transactions, including commerce and investment, between citizens of various nations.
International trade is the study of how commodities and services travel across national borders as a result of factors including supply and demand, economic integration, global factor movements, and regulatory considerations like tariff rates and trade quotas.
International finance examines the movement of capital among different financial markets as well as how this affects exchange rates.
The study of cross-border money flows and the consequences they have on nations' overall economy is known as international macroeconomics.
As a subfield of international relations, international political economy examines the problems and effects of, among other things, international disputes, negotiations, and sanctions; national security and economic nationalism; as well as international agreements and adherence.
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_____ is financing obtained from investment firms that specialize in financing small, high-growth companies and receive an ownership interest and a voice in management in return for their money.
Answers
Megha is a taekwondo expert who starts her own martial arts training academy. She conducts taekwondo classes for women and teaches them the art of self-defense. Megha can be regarded as a(n)
Answers
As Megha, who is a taekwondo expert that starts her own martial arts training academy, also conducts taekwondo classes for women and teaches them the art of self-defense, then, Megha can be regarded as an entrepreneur.
Who is an entrepreneur?This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks and rewards of their business venture. Their business idea often entails a new product or service rather than an existing business model.
Because of the features possessed by an entrepreneur, therefore, Megha can be regarded as an entrepreneur because of her taekwando classes.
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Which one of these clauses is not found in a typical loan contract? A) Recourse B) Deficiency payments. C) Acceleration D) Withdrawal terms
Answers
The clause that is not found in a typical loan contract is Withdrawal terms. A “withdrawal term” is a clause that allows a borrower to withdraw from the loan before the maturity date.
This type of clause is not commonly seen in loan contracts because it would give the borrower too much flexibility and power to end the loan agreement before it’s due date. Instead, lenders prefer to have more control over the repayment process by including clauses such as Recourse, Deficiency payments, and Acceleration.
Recourse refers to a clause that allows the lender to take legal action against the borrower if they fail to make their payments, Deficiency payments refer to a clause that allows the lender to recover the remaining balance of the loan should the borrower default, and Acceleration is a clause that allows the lender to demand immediate repayment of the full loan if the borrower fails to make their payments.
All of these clauses help to protect the lender's interests and ensure that the borrower is held accountable for the loan agreement.
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Which of the following statements are correct?
Select the correct option(s) and click submit.
Agile and Design Thinking are same
Design Thinking is about Product Development. Agile Manifesto is about Software Development
Design Thinking is finding the right things and Agile is about building the right things
Design Thinking is building the right things and Agile is about finding the right things
Submit
Answers
Product Development is the focus of Design Thinking. The Agile Manifesto is concerned with software development.
Design Thinking is about discovering the right things, while Agile Manifesto is about creating the right things. Hence, option b) is correct.
Design thinking is a problem-finding methodology, whereas agile is a problem-solving methodology. It requires a high level of end-user empathy and comprehension, as well as an iterative process of developing new ideas, debunking assumptions, and redefinition of problems.
Agile Manifesto and Design thinking fosters a user-centric environment that emphasizes rapid iterations to achieve the best results. Use agile development to collaboratively build solutions to problems identified through design thinking.
Design thinking prioritizes the needs of the user, and Agile is an excellent method for delivering solutions gradually. The user's needs are considered throughout the design and development process.
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Rectify the following errors identified in the books of Shyam. The Trial Balance
showed ₹ 875 as an excess debit.
a. The total of debit side of Expenses account been cast in excess of ₹575.
b. Paid electricity bill of the proprietor’s residence was debited to
Electricity expenses ₹1,050.
c. An amount of ₹ 150 entered in sales return book has been posted to the
debit of Verma, who returned the goods.
Pass journal entries for correcting the above transactions and prepare
Suspense Account.
PLEASE ANSWERRR
Answers
Answer:
Part 1
a
Debit : Suspense Account ₹575
Credit : Expenses ₹575
Reducing the Debit of the Expenses Account by ₹575
b
Debit : Drawings ₹1,050
Credit : Electricity expenses ₹1,050
Drawings treated as Electricity expenses now corrected
c
Debit : Suspense Account ₹ 300
Credit : Account Receivable - Verma ₹ 300
Sales returns posted on wrong side of Verna`s Account now corrected
Part 2
Suspense Account
Debit :
Difference on Trial Balance ₹ 875
Expenses ₹575
Account Receivable - Verma ₹ 300
Totals ₹ 1,750
Credit :
Profit and Loss ₹ 1,750
Totals ₹ 1,750
Explanation:
Only errors that affect trial balance totals to not agree will require correction through suspense account.
That said, the errors that do not affect trial balance totals such as Error of Principle, Error of Original Entry do not require to be corrected through the Suspense Account.
The difference in the Suspense Account usually cost more effort to continue to check the records than it is worth it for the firm, hence it is written off to profit and loss account
According to the chart, by year 5, the combined payment for principal and interest will increase to approximately . by year 15, the combined payment will increase to approximately . recall that taxes and mortgages add about $400 to the payment for principal and interest. if demarco and tanya’s income stays the same, by year 10, their total payment will be 25% of their gross monthly income.
Answers
The total payment will be 25% of their gross monthly income would be $836 - 961 - over.
What is meant by gross monthly income?Your gross monthly income is simply your monthly revenue before any deductions for taxes and other expenses. Alternatively, it is equal to your annual income divided by 12. Your monthly gross income is your complete revenue before any withholdings.
Calculate how much money you make each month in order to determine your personal monthly gross income. Your take-home pay or the payment you get straight from your employer will probably be different from this.
The total amount of money you made in a given time period before any deductions or taxes are taken out is your gross income, which may be viewed on a pay stub. Also, your year-end W2 or 1099 will show your entire gross income.
A different way to figure out your gross income is to multiply your hourly pay rate by the number of hours you'll work in a given month, or by your monthly salary before taxes.
Gross income is the total amount generated before to tax and other deductions. The gross salary and take-home pay are typically listed on an employee's pay check . You should also provide any additional revenue sources, gross rather than net, if applicable.
The total payment will be 25% of their gross monthly income would be $836 - 961 - over.
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Answer:
Part 1: $836
Part 2: $961
Part 3: over
Explanation:
Did the assignment and got it right. Hope this helps :)
I allow you to write letters of the alphabets what I am
Answers
Answer:
1COMPUTER (Practice worksheet) Name: Class:2 Date ...../ / I am your friend Pingo. Will you do this worksheet with me? This is my keyboard. Function Keys Numeric My computer's keyboard can talk. Special Keys Normal Keys Direction Keys Keys Numeric Keypad It wants to ask a few questions. Will you answer them for me? 1. Which key am I? a) I allow you to write letters of the alphabets. b) I allow you to move the cursor to the top of the page. c) I allow you to delete the letter to the left of the cursor d) I allow you to delete the letter to the right of the cursor. e) If you press me you can type capital letters. f) You use me to type numbers. g) I allow you to create blank spaces between two words or two numbers. h) I allow you to move the cursor up, down, left or right.
Think of an issue in your community that you would like to fix or improve in some way. First, write down what it is, and then identify how you think it could be fixed, and how you or other people could do so.
Answers
For me i just wish my community was more active i would most likely do this by throwing community events
Explanation:
Earning a degree can be expensive but which example shows why it might be worth it?
(financing higher education)
Answers
Answer:
Earning a degree can be expensive but it can almost guarantee you great job opportunities and great job opportunities can provide great income, and other benefits.
Explanation:
A large publicly traded company will receive a major financial benefit from the sale of its stock ________.
a. when the stock is traded on the New York Stock Exchange
b. each time a shareholder buys or sells the stock
c. when it offers the stock as an employment benefit
d. at the initial public offering
Answers
Answer:
d. at the initial public offering
Explanation:
The initial public offering, or the IPO, is the process by which shares of a company are sold to investors for the first time in the exchange market. Through the IPO process, a private company transforms into a public company.
The IPO process generates a huge amount of capital for the issuing company. As the company offers new shares, it receives money from investors. The IPO is different from normal trading in the stock exchange, where share changes hands between investors. The initial public offering is conducted at the primary market, where all proceeds apart from the investment bank's fee go to the issuing company.
Which team role makes treatment decisions and assigns roles.
Answers
The team role that makes treatment decisions and assigns roles is : Team leader.
Who is a team leader?A team leader is someone who oversees the functionality of a workgroup by providing guidance and instruction.
Team leader monitor the progress of a team throughout the duration and successful completion of a project.
Qualities of a good team leader are :
Achieve goals in good time.Good leaders make a decisive commitment to a vision.Successful team leaders speak well and listen better.There, the team role that makes treatment decisions and assigns roles is the team leader.
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Tracey decides to lease a car for two years. She puts $0 money down and pays $209.15 per month. At the end of the lease, Tracey can buy the car for $11 000. The selling price of the car today is $13 500. What is the total cost of the car if Tracey buys it at the end of the lease?
Answers
Answer:
$16,019.6
Explanation:
The amount of money Tracey puts down for the car = $0
The amount Tracey pays each month for the lease the car = $209.15
The number of years Tracey leases the car = 2 years
The amount at which Tracey can buy the car at the end of the lease, Pp = $11,000
The selling price of the car today = $13,500
The total amount Tracey pays while leasing the car for two years, L = $209.15/month × 2 years × 12 months/year = $5,019.6
The total cost of the car if Tracey buys it at the end of the lease, C = Pp + L
∴ C = $11,000 + $5,019.6 = $16,019.6
The total cost of the car if Tracey buys it at the end of the lease, C = $16,019.6.
If someone gets a 1000 dollar loan how much will their monthly payment be
Answers
Answer:
the monthly payment column represents the principal and interest payment for each $1,000 you borrow. For example, if you borrow $100,000 for 30 years at 4.25%, your monthly payment per $1,000 borrowed would be $4.92. Multiply that factor (4.92) by 100 (100,000/1,000) to estimate your monthly payment of $492.00.
Which of the following statements is true?
Question 8 options:
A. A college may withdraw its offer of acceptance if it finds out you have lied on your application.
B. Any sort of disciplinary infraction in high school will disqualify you from being accepted to college.
C. Colleges have no way of finding out any more about you than what is included in your application.
D.Having someone else fill out your application shields you from legal responsibility for the information it contains.
15 points. No bit links plz.
Answers
Answer:A
A college may withdraws offer of acceptance if it finds out you have a lied on your application
Explanation: it’s obvious
Answer:
A) A college may withdraw it's offer of acceptance if it finds out you have lied on your application.
Explanation:
It's kinda self explanatory.
3. If GDP is $10 million, consumer spending is $5million, Government is $3 milion, net exports is 1 million, how much is investment? A. $ 0 million B. $ 1 million C. $ 2 million D. $ 3 million
Answers
The table shows the total amount of money carl has saved for 5 consecutive weeks. write an equation that can be used to determine his savings after any number of weeks.
week 1: $50
week 2: $80
week 3: $110
week 4: $140
week 5: $170
Answers
To determine Carl's savings after any number of weeks, we can use the equation y = 30x + 20, where y represents the total amount of money saved and x represents the number of weeks.
This equation assumes that Carl saves $30 per week consistently, starting with an initial amount of $20. We can see that this equation accurately reflects Carl's savings over the five consecutive weeks shown in the table. For example, plugging in x = 3 gives us y = 30(3) + 20 = $110, which matches the amount Carl saved in week 3. This equation can be used to predict Carl's savings for any number of weeks going forward.
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Which of the 4 P's focuses on communicating the value proposition?
Answers
Answer: The marketing mix is most commonly executed through the 4 P's of marketing: Price, Product, Promotion, and Place.
Explanation:
Which one of the following statements accurately describes FICO?
A.FICO is firm that analyzes data collected by credit bureaus and generates a credit score.
B.FICO is a credit bureau.
C.FICO collects information about your financial dealings involving any sort of loan, debt, or billing.
D. FICO uses your grades and employment information to determine your creditworthiness
Answers
Answer:
c. FICO collects information about your financial dealings involving any sort of loan debt or billing.
FICO collects information about your financial dealings involving any sort of loan, debt, or billing. Thus, the correct answer is option C.
What is FICO?FICO, formerly Fair, Isaac and Company, is a data analytics business with a focus on credit scoring services that is situated in Bozeman, Montana. Its formal name is Fair Isaac Corporation. In 1956, Bill Fair and Earl Isaac started it. A standard of consumer lending in the US is the FICO score, which measures the risk of consumer credit.
A business can store a complete copy of its financial transaction data because of FICO. FICO is specifically designed to assist businesses in producing and managing financial statements for analysis and reporting as well as supporting efficient business planning and decision-making.
Therefore, FICO collects information about your financial dealings involving any sort of loan, debt, or billing.
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Which type of panel varies questions from one panel measurement to the next?
a. Continuous panels
b. Repetitive panels
c. Multivariate panels
d. Discontinuous panels
Answers
The type of panel that varies questions from one-panel measurement to the next is known as Discontinuous panels. A discontinuous panel is a panel in which different sets of respondents are surveyed over time, with each set of respondents being used for only one survey wave. For the same reason, this panel is also known as the cross-sectional panel. While each panel has a unique set of questions to ask, some questions may be repeated over time. The questions are generally not repeated from one panel to the next. As opposed to continuous panels, which use the same set of respondents for each wave, and multivariate panels, which are often used to track the same set of individuals but collect different types of data at each wave.
Most respondents in discontinuous panels are only interviewed once.
The type of panel that varies questions from one-panel measurement to the next is called a Discontinuous panel.
Discontinuous panels or cross-sectional panels are those in which different sets of respondents are surveyed over time, with each set of respondents being used for only one survey wave. This type of panel is also known as the cross-sectional panel. Each panel has a unique set of questions to ask, and while some questions may be repeated over time, the questions are generally not repeated from one panel to the next. Many respondents in discontinuous panels are only interviewed once.
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Altoona Company began the year with 300,000 shares of $5 par common stock. On April 1, they issued 150,000 shares. On July 1, they issued 60,000 shares. On September 1, Altoona experienced a 2 for 1 stock split, and on October 1, they repurchased 20,000 shares and placed them in the treasury.
Prepare a schedule showing the weighted average shares for the year to be used in earnings per share calculations
Answers
The weighted average shares for the year can be calculated by multiplying the number of shares outstanding at each point in time by the fraction of the year that those shares were outstanding.
The weighted average shares for the year is then the sum of these weighted shares. Here is the schedule showing the weighted average shares for the year:
| Date | Shares Outstanding | Fraction of Year | Weighted Shares |
|--------------|--------------------|------------------|-----------------|
| January 1 | 300,000 | 3/12 | 75,000 |
| April 1 | 450,000 | 3/12 | 112,500 |
| July 1 | 510,000 | 2/12 | 85,000 |
| September 1 | 1,020,000 | 1/12 | 85,000 |
| October 1 | 1,000,000 | 3/12 | 250,000 |
| **Total** | | | **607,500** |
Therefore, the weighted average shares for the year to be used in earnings per share calculations is 607,500.
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Consumers have certain rights that do NOT carry corresponding responsibilities.
Please select the best answer from the choices provided
T
F
Answers
Answer:
Explanation:Consumers have certain rights that do NOT carry corresponding responsibilities....(false is the answer)