when an auditor finds a debit to accounts payable, which of the following accounts is most likely to be credited?multiple choiceaccounts receivable.cost of goods sold.cash.accrued liabilities.
Answers
Accounts receivable accounts is most likely to be credited. After the balance sheet date is normally when the majority of the audit work on accounts payable is completed. The auditors would most likely anticipate finding an underestimate of assets if they found an understatement of liabilities.
To ascertain whether payments are paid on schedule is the main goal of the auditors' review of accounts payable. \u000BTRough False 4. In general, auditors believe that the proof of accounts payable in the client's hands is more trustworthy than the proof of accounts receivable. A client's cash disbursements for accounts payable are the subject of controls testing by an auditor.
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Related Questions
a project has annual depreciation of $18,700, costs of $91,700, and sales of $133,500. the applicable tax rate is 25 percent. what is the operating cash flow? multiple choice $45,375 $36,025 $31,350 $104,800 $15,125
Answers
The operating cash flow is $36,025. Operating cash flow is a measure of a company's cash generation from its core operations.
To calculate the operating cash flow, we need to first calculate the EBIT which is sales minus costs, which is $133,500 - $91,700 = $41,800. Then we deduct depreciation which is $18,700 from EBIT to get EBT which is $23,100. Applying the tax rate of 25%, we get the net income which is $17,325. Finally, we add the depreciation of $18,700 to net income to get the operating cash flow which is $36,025.
In this case, we see that the company is generating a positive operating cash flow which is a good sign for the business. However, we need to look at other financial metrics to get a complete picture of the company's financial health. Operating cash flow alone does not indicate the company's profitability or its ability to pay its debts. It is important to consider other financial ratios such as the debt-to-equity ratio, return on equity, and profit margin to evaluate the company's overall financial performance.
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The opening of which canal significantly reduced the time and money required to ship goods between the east coast and the west coast of the americas?.
Answers
Answer:
The Erie Canal
Explanation:
When it opened it dramatically decreased the cost of shipping while reducing the time to travel to the West.
State the potential effects of AIS on the Revenue of the company
with any two examples. kindly Mention all references used in this
question Answer
Answers
AIS (Accounting Information System) refers to a system that assists accountants in collecting, storing, and processing accounting and financial data.
Some of the potential effects of AIS on a company's revenue are as follows:
Increase in revenue: With an efficient AIS, a company can quickly and accurately process and analyze financial data, enabling them to identify opportunities for revenue growth. For example, a company can use AIS to identify customers who frequently purchase products and offer them discounts or other incentives to encourage repeat business. Another example would be to analyze the company's sales data to identify best-selling products and then concentrate on producing and promoting those products more effectively.
Reduction in costs: AIS can also help a company reduce costs, which can have a significant impact on revenue. With an efficient AIS, companies can automate certain financial processes, reducing the amount of time and resources required to perform manual tasks. For instance, AIS can be used to automate the generation of invoices, saving time and reducing the likelihood of errors that could lead to revenue loss. Another example would be to automate the reconciliation of accounts, which can significantly reduce the time and resources required to perform this task.
References: Johnson, H. T. (2015). Management accounting in the digital economy. In The Routledge Companion to Cost Management (pp. 69-84). Routledge. Mahmoud, Q. H., & Ettihadi, M. (2016). The Impact of Accounting Information Systems (AIS) on Performance Measures in Jordanian Private Hospitals. Journal of Finance and Accounting, 4(6), 329-334.
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Municipal bonds are issued by what?
Answers
Answer:
Hi, the correct answer to your question is they are securities issued by states, cities
etc/more.
Explanation:
They mostly do this for building like highways, roads and more. It is used to raise more money to build important things for our environment.
Hope this helps! :)
If an economy can increase its steady annual growth rate from 1 percent to 1.5 percent, this reduces the time it takes for the economy to double in size by approximately ________years. O 5 O 8
O 33 O 17 O 23
Answers
The time it takes for an economy to double in size can be shortened by about 23 years if it can raise its constant annual growth rate from 1 percent to 1.5 percent.
When annual growth rates rise from 1% to 1.5%, the time decreases by 23 years.
Rule 70 states that the time it will take the economy to double is equal to 70 divided by the growth rate.
If the growth rate is 1%, it will take the economy 70 years to double in size.
Given a 1.5 percent growth rate, it will take the economy 47 years to double in size.
Time decreases by 70 years, 47 years, and 23 years when annual growth rates rise from 1% to 1.5%.
Growth rates are the changes in a particular variable's percentage over a given period of time. Growth rates can be either positive or negative, depending on whether the variable's size is changing over time or not. Growth rates were initially employed by biologists to study population sizes, but they have since been used to other fields such as economics, business management, and investment returns.
Increase rates for investors often reflect the compounded yearly rate of growth of an investment, or the revenues, earnings, or dividends of a corporation. Gross domestic product (GDP) and unemployment are two macroeconomic terms that are also analyzed using growth rates. Two popular types of growth rates used for analysis are expected forward-looking and trailing growth rates.
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Part I
The Scenario:
When the day begins, Mary has $70 in her checking account, and she has overdraft protection
Before work she buys her cousin a round trip bus fare for $10 using her debit card
She then uses the card to get gas in her car for $60
Then she buys groceries with a check of $70.
Then she uses her debit card to buy a $2 coffee
Then she goes to buy a donut for $1 using her card
Finally, she finishes out the day with some shopping to buy new makeup for $30 using her debit card at the store
Compare ABC bank and XYZ bank when
ABC charges $37 overdraft transactions up to 3 a day, no reorder of transactions
XYZ charges $33 overdraft transactions up to 6 a day and reordering transactions from higher to low
Find Balance at the end of the day with each bank
Mary’s balance with ABC bank is ______________
Mary’s balance with XYZ bank is ______-__________
Which bank do you recommend for Mary?________________
Which bank would you choose and why?__________________
Need answers ASAP please it would be greatly appriciated
Answers
Answer:
do u still need
Explanation:
The BCG business portfolio analysis relies on two elements to produce four unique product categories. What are these two elements? Multiple select question. market growth rate number of competitors relative market share product demand number of products
Answers
The market growth rate and the relative market share.
The two elements that the BCG business portfolio analysis relies on to produce four unique product categories are the market growth rate and the relative market share.
The BCG business portfolio analysis relies on two elements to produce four unique product categories
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The BCG business portfolio analysis uses the market growth rate and relative market share to categorize products into stars, question marks, cash cows, and dogs, helping businesses make strategic decisions about their product portfolio.
The BCG (Boston Consulting Group) business portfolio analysis relies on two elements to produce four unique product categories. These two elements are the market growth rate and the relative market share.
1. Market growth rate: This element refers to the rate at which the market for a particular product or service is growing. It is typically measured in terms of percentage increase in sales or market size over a specific period of time. The market growth rate helps determine the attractiveness of a market. High growth markets are generally more desirable as they offer greater opportunities for revenue and profit generation.
2. Relative market share: This element compares the market share of a product or business unit to that of its competitors. It is a measure of the company's market dominance or competitive position within the industry. A higher relative market share indicates a larger market share compared to competitors, while a lower relative market share suggests a smaller market presence.
Based on these two elements, the BCG matrix categorizes products into four categories:
1. Stars: These are products with high market growth rate and high relative market share. They have the potential to generate significant revenue and profit, and are considered to be in attractive markets.
2. Question marks (or problem child): These are products with high market growth rate but low relative market share. They require substantial investment to increase their market share and become stars.
3. Cash cows: These are products with low market growth rate but high relative market share. They generate stable cash flow and profit, but have limited growth potential.
4. Dogs: These are products with low market growth rate and low relative market share. They typically generate low profit and may require a strategic decision to divest or discontinue.
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When faced with needing additional money during college, which option is NOT true?
Taking on a job can cut into study time.
Paying with credit cards can end up costing more money.
Paying with additional loans can lead to connections and opportunities.
Taking on a job can make connections that lead to opportunities.
Answers
Answer:
c
Explanation:
Additional loan incurs more debt doesn't lead to opportunities or connections
HELPPP
As technology continues to become a bigger part of our lives, it is also becoming a big part of the restaurant world with some fast food restaurants even using large touch screens where customers can place their orders, pay at the machine, and then wait for their order number to be called. What are these high-tech machines called?
A. technological food service
B. self-serve food ordering
C. non-restrictive food ordering
D. automated food ordering system
Answers
Answer: self-serve food ordering
Explanation:
Self-service kiosks or self-ordering kiosks are customer-facing devices that allow customers to place orders and make payments without the assistance of a cashier.
WILL GIVE BRAINLIEST
If loans and credit card debt are taking up most of your monthly income, which of the following is the LEAST effective first step in getting your debt under control?
A. Start a side hustle and allocate the money you make towards extra payments for your debt.
B. Take a hard look at your budget and try to cut nonessential items so you have more cash to pay down your debt.
C. Declare bankruptcy, which will eliminate all your debts and allow you to start over with a clean slate.
D. Pay extra money each month to the debt with the highest interest rate, so you'll decrease the total amount you'll spend on debt.
Answers
Answer:
a or c i fliped a coin and got A sounds like the answer rember jesus loves you
Explanation:
The leadership styles of Mother Teresa Mahatma Gandhi are best described as of the following?(A) Contingency leadership(B) Leader-member exchange(C) Transactional leadership(D) Servant leadership
Answers
Mother Teresa and Mahatma Gandhi are both well-known for their unique leadership styles, which have inspired countless individuals around the world. While there are many ways to describe their leadership styles, the one that best fits them is servant leadership.
Servant leadership is a style that emphasizes serving the needs of others first, rather than personal gain or ambition. This approach is characterized by empathy, humility, and a deep commitment to the well-being of others. Mother Teresa and Mahatma Gandhi both embodied these qualities in their leadership styles, using their power and influence to help others and make the world a better place.
For example, Mother Teresa's work with the poor and sick in Calcutta was driven by her desire to serve others and alleviate their suffering, rather than to achieve personal success or fame. Similarly, Gandhi's leadership of India's independence movement was grounded in his commitment to nonviolence and his belief in the power of moral persuasion to bring about change.
In conclusion, Mother Teresa and Mahatma Gandhi's leadership styles can be best described as servant leadership, which emphasizes empathy, humility, and a deep commitment to the well-being of others.
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How is partnership like a liability corporation?
A. Both are incorporated
B. Both have investors
C. Both are inexpensive to start
D. Both protect personal assets
Answers
Hope this helps! :)
Cactus cactus? or Bagel bagel?
Answers
Answer:
Both
Explanation:
4 Select the correct answer. Which of these components is a part of the Central Processing Unit (CPU) of a computer?
Answers
Answer:
Control unit
Explanation:
Is a part of the "Central Ptocessing Unit (CPU)" of a computar. It is considerado a a "heart of the CPU.
Read the excerpt from “The Monkey's Paw.”
Mr. White took the paw from his pocket and eyed it dubiously. "I don't know what to wish for, and that's a fact," he said, slowly. "It seems to me I've got all I want."
"If you only cleared the house, you'd be quite happy, wouldn't you?" said Herbert, with his hand on his shoulder. "Well, wish for two hundred pounds, then; that'll just do it."
His father, smiling shamefacedly at his own credulity, held up the talisman, as his son, with a solemn face, somewhat marred by a wink at his mother, sat down at the piano and struck a few impressive chords.
"I wish for two hundred pounds," said the old man distinctly.
A fine crash from the piano greeted the words, interrupted by a shuddering cry from the old man. His wife and son ran toward him.
Which phrase indicates a change in mood within the excerpt?
“struck a few impressive chords”
“smiling shamefacedly at his own credulity”
“a fine crash from the piano”
“interrupted by a shuddering cry”
Answers
Answer:
“smiling shamefacedly at his own credulity”
Explanation:
Answer:
its c
Explanation:
throughout the post-world war ii era, the importance of tariffs as a trade barrier has:
Answers
Throughout the post-World War II era, the importance of tariffs as a trade barrier has diminished. The creation of global trade organizations such as the General Agreement on Tariffs and Trade (GATT) and its successor, the World Trade Organization (WTO), has led to a significant reduction in tariffs on goods and services traded between countries.
These organizations have promoted free trade by encouraging countries to reduce barriers to trade through negotiations and agreements. Furthermore, advancements in technology and transportation have made it easier and cheaper to transport goods across borders, reducing the need for countries to protect domestic industries through tariffs. This has led to an increase in global competition and specialization, which has driven economic growth and raised living standards in many countries. However, tariffs have not completely disappeared as a trade barrier. Some countries, particularly developing nations, still rely on tariffs to protect their domestic industries from competition. Additionally, recent geopolitical tensions have led to an increase in tariffs between certain countries, such as the ongoing trade war between the United States and China. Overall, while the importance of tariffs as a trade barrier has decreased, they still play a role in certain countries and circumstances. However, the trend towards freer trade is likely to continue in the future.
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17. Gross income = $450,000; Expenses = $200,000; Loan Payment = $23,740; Loan Interest Paid = $6,000; Depreciation = $50,000; tax rate = 21%. The after-tax cash flow is closest to …
a) $185,520
b) $179,520
c) $40,740
d) $205,500
e) $176,260
f) $189,245
g) $203,845
Answers
The after-tax cash flow using the given information is $185,520. Hence the correct answer is option a).
We are given the following information:
Gross income: $450,000
Expenses: $200,000
Loan payment: $23,740
Loan interest paid: $6,000
Depreciation: $50,000
Taxable income = Gross income - Expenses - Loan Interest Paid - Depreciation
Taxable income = $450,000 - $200,000 - $6,000 - $50,000
Taxable income = $194,000
Tax liability = Taxable income x Tax rate
Tax liability = $194,000 x 0.21
Tax liability = $40,740
After-tax cash flow = Gross income - Expenses - Loan Payment - Tax liability
After-tax cash flow = $450,000 - $200,000 - $23,740 - $40,740
After-tax cash flow = $185,520
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The problem with spot exchange in the presence of specific assets is thatSelect one:both parties have incentives to behave as principals.both parties have incentives to behave opportunistically.both parties take the risk of price fluctuations.both parties do not take advantage of the economies of scope.
Answers
The problem with spot exchange in the presence of specific assets is that both parties have incentives to behave opportunistically.
A spot exchange, also known as a spot market, is a type of financial market where financial instruments such as currencies, commodities, or securities are traded for immediate delivery or settlement, as opposed to futures or options contracts, which have a delivery or settlement date in the future.
This means that each party may try to take advantage of the other by manipulating the price or other aspects of the transaction.
As a result, the price of the asset may not reflect its true value, leading to inefficiencies and potential losses for one or both parties. This is why it is important to establish clear rules and regulations around spot exchanges, especially when dealing with specific assets.
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Hàm số câif và cung của một hàng hóa như sau Qd=80-10P Qs=-70+20P Xác định giá và sản lượng cân bằng trên thị trường
Answers
Answer:
Equilibrium price = $5
Equilibrium quantity = 30 units
Explanation:
Given:
Quantity demanded = Qd = 80 - 10P
Quantity supplied = Qs = -70 + 20P
Find:
Equilibrium price and quantity
Computation:
Equilibrium price and quantity
Qd = QS
So,
80 - 10P = -70 + 20P
150 = 30P
Equilibrium price = $5
Qd = 80 - 10P
Qd = 80 - 10(5)
Equilibrium quantity = 80 - 50
Equilibrium quantity = 30 units
How is a debit card different from a credit card?
A. A debit card is usually issued by a financial institution.
B. A debit card provides a way for people to make large purchases.
C. Spending on a debit card is limited to the funds available in an
account.
D. Spending can occur via a digital payment method.
Answers
Answer:
C
Explanation:
because thats wat ist is.- limited funds
If real interest rates in the United States fall relative to real interest rates in Great Britain, which of the following will occur?
a. British investors will buy more United States securities.
b. British exports to the United States will increase.
c. The supply of dollars will decrease.
d. United States investors' demand for British pounds will decrease
e. The British pound will appreciate relative to the dollar.
Answers
The correct answer is E. The British pound will appreciate relative to the dollar.
When real interest rates in the United States fall relative to real interest rates in Great Britain, it means that investors will earn a lower return on their investments in the United States. As a result, British investors will be less likely to invest in the United States, and they will seek higher returns elsewhere. This will decrease the supply of British pounds in the foreign exchange market and increase the demand for the currency. The increased demand for British pounds will cause the currency to appreciate relative to the dollar. In contrast, United States investors' demand for British pounds will decrease as they will earn lower returns on their investments in the United Kingdom. This decrease in demand for British pounds will put downward pressure on the currency, causing it to depreciate relative to the dollar. British exports to the United States may increase due to the appreciation of the pound, which makes British goods cheaper for U.S. consumers. However, this is not as direct a consequence of the change in real interest rates as the appreciation of the pound.
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Your company is designing a new fuel pump for in a Stryker Armored Personnel Carrier. Based on extensive reliability testing, the test data indicates that pump failures follow a normal distribution with a mean-time-to-failure (MTTF) =9400 hours and a standard deviation (σ) of 3610 hours. Maintenance requirements prescribe depot-level overhaul at 5000 hours of operation, at which time the fuel pump may be replaced. (12 pts) a. Find R(5000 hrs) b. Determine the 90% design life of the pump. c. During depot-level overhaul, there is an option not to replace the fuel pump if inspections reveal no significant wear and the pump passes quality inspections. Determine the reliability for another 5000 hrs of operation, given it has already operated for 5000 hrs with failure.
Answers
a. The R(5000 hrs) which is the probability that a pump will still be operational after 5000 hours of operation is 0.3869.
b. The 90% design life of the pump is 13,255 hours.
c. The reliability for another 5000 hrs of operation is 0.3061.
a. R(5000 hours) indicates the probability that a pump will still be operational after 5000 hours of operation. It is the probability of no pump failure in the first 5000 hours of operation. R(5000 hours) can be obtained by finding the area under the normal distribution curve from 5000 hours to infinity.
Z= (5000 - 9400)/3610Z= -1.2055
Using standard normal distribution table, the area to the right of Z = -1.2055 is 0.5 + 0.1131 = 0.6131. Thus, the area to the left of Z = -1.2055 (and the value of R(5000 hours)) is 1 - 0.6131 = 0.3869.
Therefore, R(5000 hours) = 0.3869.
b. 90% design life is the duration after which there is a 10% probability of failure. From the standard normal distribution table, we know that for a Z value of 1.28, the area under the normal distribution curve is 0.8997.
Z = (X - MTTF) / σ
1.28 = (X - 9400) / 3610
X = 13,255 hours.
Therefore, the 90% design life of the pump is 13,255 hours.
c. The probability of a pump failure in another 5000 hours of operation is given by the formula:
P = [1 - R(5000 hours)] × [1 - R(5000 hours) after failure]
P = [1 - 0.3869] × [1 - 0.5] = 0.3061
Hence, the reliability for another 5000 hours of operation, given it has already operated for 5000 hours with failure is 0.3061.
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define the word buffer in entrepreneurship ( business ) form .
Answers
Answer:
a means or device used as a cushion against the shock of fluctuations in business or financial activity
Firing people is the least desirable way to change organizations. however, dismissals and other forms of ________ are sometimes necessary when speed is essential and other tactics are ineffective.
Answers
Firing people is the least desirable way to change organizations. however, dismissals and other forms of coercion are sometimes necessary when speed is essential and other tactics are ineffective.
The definition of coercion refers to the act of persuading or convincing a person to do some thing using pressure or different unethical approach. when you threaten a person damage in the event that they do now not signal a contract, that is an instance of coercion.
Pressure area analysis also enables those seeking to introduce changes to accomplish that effectively. The analysis it produces helps exchange retailers see the diverse levers they ought to help them enforce the exchange. primarily based on the evaluation, they could look to either fortify the riding forces or reduce the restraining forces.
The statutory definition of coercion is fairly uniform many of the states: the use of intimidation or threats to pressure a person to do some thing they have got a legal proper to do. charges usually are more advantageous if bodily pressure turned into used or threatened.
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while many south asian migrants move to cities seeking education, training, or business opportunities, they likely will not experience:
Answers
While many south Asian migrants move to cities seeking education, training, or business opportunities, they may still experience poverty.
What are some challenges that south Asian migrants may face when moving to cities?PovertyMany south Asian migrants move to cities seeking education, training, or business opportunities, but they may still experience poverty. For example, they may not have access to adequate housing or healthcare, or they may not be able to find work that pays a livable wage. Additionally, they may be discriminated against based on their ethnicity or religion, which can make it difficult to find work or housing.
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4. How do dependent tasks differ from primary tasks?
Answers
Answer:
The answer is below
Explanation:
Dependent task is a term used to describe a type of task that is associated with the main or independent task under a particular scope of work. It is usually a sub-task of the whole task that needs to be executed.
On the other hand, a Primary task is a term used to describe a type of task that takes the center stage or the major task with priority. It takes the largest or most resources in its execution.
Heightened Homes is a real estate firm based in Texas. The company ensures that employees' pay is dependent on what they are capable of doing. The company also supports efforts to empower its employees by encouraging them to be independent and to make decisions in various areas. This, in turn, ensures job enrichment. Based on this information, identify the pay structure being utilized by Heightened Homes. Select one: a. straight piecework plan b. skill-based pay systems c. merit pay system d. differential piece rates e. standard hour plan
Answers
Answer: skill-based pay systems
Explanation:
The face value of a bond is the ____.
a.
amount for which it sells
b.
amount it is worth when it is issued
c.
amount it pays at maturity
d.
purchase price plus its yield
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
c
Explanation:
Answer:
the answer is B
Explanation:
did it on edge
when should a lessor recognize in income a nonrefundable lease bonus paid by a lessee on signing an operating lease? at the inception of the lease. when received. at the expiration of the lease. over the life of the lease.
Answers
When deferred and recognized equally over the course of the lease, a lessor must include a nonrefundable lease incentive paid by a lessee at the time of signing an operating lease in income.
At the outset of the lease, which should the lessor of an operational lease be aware of?Lessors report lease revenue in operating leases on a straight-line basis for the life of the lease period. Variable lease payments for leases that fall under the sales-type, direct financing, or operating categories must be recorded by the lessor during the period in which they are earned.
What requirements must the lease satisfy in order for the lessor to designate it as a sales-type lease?If any of the following circumstances exist, the lessor must classify the lease in accordance with ASC 842 as a sales-type lease: The lessee becomes the owner of the underlying asset by the conclusion of the lease period. Tenant has the right, and is likely to exercise, the option under the lease to purchase the underlying asset.
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Achievement of strategic goals through organization development is likely to fail if
O it involves new-direction innovation
O top managers are not committed
O leaders employ an innovation strategy
O the organization does not understand the competition
Answers
Answer: Influence is the answer
Explanation: