Which of the following is a fundamental of the RAD methodology?
a. Focus initially on creating a prototype that looks and acts like the desired system
b. Actively involve system users in the analysis, design, and development phases
c. Accelerate collecting the business requirements through an interactive and iterative construction approach
d. All of the above
Answers
All of the above are fundamental of the RAD methodology.
Rapid Application Development (RAD), sometimes called Rapid Application Building (RAB), is the name of James Martin's agile development technique and is the general term for adaptive software development methodologies. In general, RAD's software development methods emphasize more on an adaptable process and less on planning. In some cases, prototypes are used in place of or in addition to design standards.
While not limited, RAD is particularly well-suited to creating software driven by user interface specifications. Agile application development tools are commonly used to describe graphical user interface designers. Adaptive, agile, spiral, and unified models are other methods for achieving rapid development.
Hence the correct option is D
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Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of July 31, 2015.
a On July 31, the company's Cash account has a $25,752 debit balance, but its July bank statement shows a $27,908 cash balance.
b. Check No. 3031 for $1,450 and Check No. 3040 for $717 were outstanding on the June 30 bank reconciliation. Check No. 3040 is listed with the July canceled checks, but Check No. 3031 is not. Also, Check No. 3065 for $501 and Check No. 3069 for $2,218, both written in July, are not among the canceled checks on the July 31 statement.
c. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that Check No. 3056 for July rent was correctly written and drawn for $1,220 but was erroneously entered in the accounting records as $1,210.
d. A credit memorandum enclosed with the July bank statement indicates the bank collected $7,000 cash on a non-interest-bearing note for Branch, deducted a $35 collection fee, and credited the remainder to its account. Branch had not recorded this event before receiving the statement.
e. A debit memorandum for $805 lists a $795 NSF check plus a $10 NSF charge. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF.
f. Enclosed with the July statement is an $11 debit memorandum for bank services. It has not yet been recorded because no previous notification had been received.
g. Branch's July 31 daily cash receipts of $8,152 were placed in the bank's night depository on that date but do not appear on the July 31 bank statement.
1. Record the adjusting entry required, if any, related to the July 31 cash balance.
2. Record the adjusting entry required, if any, related to the outstanding checks.
3. Record the adjusting entry required, if any, related to Check No. 3056.
4. Record the adjusting entry required, if any, related to the non-interest-bearing note.
5. Record the adjusting entry required, if any, related to the NSF check.
6. Record the adjusting entry required, if any, related to bank service charges.
7. Record the adjusting entry required, if any, related to the July 31 deposit.
Answers
a) Cash Account = $25,752Bank Statement = $27,908Adjusted Cash Account Balance: $25,752Adjusted Bank Statement Balance: $27,908
b) The checks that were outstanding on the June 30 bank reconciliation need to be adjusted. The outstanding checks will be deducted from the adjusted bank statement balance.
3065 - $5013069 - $2,2183031 - $1,450
Check No. 3031 should have been included in June's outstanding checks. Adjust the outstanding check to $0.
Therefore, $1,450 will be deducted from June's bank reconciliation. June's adjusted bank statement balance:
$29,875 (from $31,325)
July's adjusted book balance: $27,302 (from $25,752)
July's adjusted bank statement balance: $29,875 (from $27,908)
c) $10 will be added to the Check #3056. It should have been $1,220, but it was erroneously entered as $1,210.
July's adjusted book balance: $27,312 (from $27,302)
July's adjusted bank statement balance: $29,875 (from $29,875)
d) This represents a collection on Branch's behalf.
Therefore, it will be added to the company's books.
July's adjusted book balance: $34,312 (from $27,312)
July's adjusted bank statement balance: $36,840 (from $29,875)
e) $805 will be deducted from the company's books. July's adjusted book balance: $33,507 (from $34,312)July's adjusted bank statement balance: $36,035 (from $36,840)
f) The bank service charges have not been accounted for, so $11 will be deducted from the company's books.
July's adjusted book balance: $33,496 (from $33,507)
July's adjusted bank statement balance: $36,035 (from $36,035)
g) The $8,152 deposit needs to be added to the company's books. July's adjusted book balance: $41,648 (from $33,496)
July's adjusted bank statement balance: $36,035 (from $36,035)
Therefore, the journal entries will be as follows:
1. Debit Balance: $6,152Credit Balance: $6,152
2. Debit Balance: $3,568Credit Balance: $3,568
3. Debit Balance: $10Credit Balance: $10
4. Debit Balance: $7,000Credit Balance: $7,000
5. Debit Balance: $805Credit Balance: $805
6. Debit Balance: $11Credit Balance: $11
7. Debit Balance: $8,152Credit Balance: $8,152
Therefore, the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of July 31, 2015 are as follows:
1. Debit Cash Account: $6,152
Credit Adjustments: $6,1522.
Debit Adjustments: $3,568
Credit Cash Account: $3,5683.
Debit Adjustments: $10
Credit Cash Account: $104.
Debit Cash Account: $7,000
Credit Adjustments: $7,0005.
Debit Adjustments: $805
Credit Cash Account: $8056.
Debit Adjustments: $11
Credit Cash Account: $117.
Debit Cash Account: $8,152
Credit Adjustments: $8,152.
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Bankruptcy can make it difficult for you to get a loan, rent an apartment, or even get a job. True or false?
Answers
Answer:
True
Explanation:
It is true.
What is bankruptcy?Through the legal process of bankruptcy, individuals or other entities that are unable to pay their creditors back can seek partial or complete relief from their debts. Bankruptcy is typically imposed by a court order that is frequently requested by the debtor.
Bankruptcy helps individuals who can no longer pay their debts get a fresh start by liquidating assets to spend on their debts or by creating a repayment plan. Bankruptcy laws also rescue financially troubled businesses. This section defines the bankruptcy process and laws.
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Mickey Doren's group medical insurance coverage costs $94.50 semimonthly . His employer pays 65% of the cost. How much is the annual premium ?
Answers
Answer: $793.80
Explanation:
The cost of the insurance is $94.50 semi-monthly which means this is paid twice a month.
In a month therefore, the cost is:
= 94.50 * 2
= $189
In a year this is:
= 189 * 12
= $2,268
The employer pays 65% which leaves Mr. Doren with 35%:
= 35% * 2,268
= $793.80
What is one difference between common and preferred stock?
A. Common stockholders receive higher dividends than preferred
stockholders,
B. Holders of common stock are paid off sooner than holders of
preferred stock if the business goes bankrupt.
C. Common stock costs more than preferred stock
D. Common stock value can appreciate more than preferred stock.
Answers
Answer:
C. Common stock costs more than preferred stock
Explanation:
krysta wants to take piano lessons. she asked a teacher how many new pieces she could expect to learn each month. the teacher gave an estimate of 3. write an equation that shows how the total number of pieces krysta would learn, y, depends on the number of months of piano lessons, x.
Answers
The required equation is y = 3x which represents the total number of pieces Krysta would learn, where x months of piano lessons.
What is the Linear equation?A linear equation is defined as an equation in which the highest power of the variable is always one.
Krysta wants to learn to play the piano. She inquired with an instructor about the number of new pieces she could anticipate studying each month. The teacher estimated three.
Let y represent the total number of pieces Krysta would learn,
And x represent depends on the number of months of piano lessons,
According to the given situation, we can write the equation would be as:
⇒ y = 3x
Therefore, the required equation is y = 3x which represents the total number of pieces Krysta would learn.
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when a government imposes penalties on both sellers and buyers of an illegal good, the price of the good ________ and the quantity ________.
rises; might increase, decrease, or not change
falls; might increase, decrease, or not change
might rise, fall, or not change; decreases
falls; decreases
Answers
when a government imposes penalties on both sellers and buyers of an illegal good, the price of the good rises, and the quantity decreases. Thus option Ais correct.
This is because the penalties raise the cost of producing and consuming the unlawful commodity. Sellers will have to pay a penalty for selling the product, which will raise their expenses and make selling the good at the same price less lucrative. Customers will be penalized for purchasing the product, lowering their willingness to pay for it and lowering the quantity desired.
These fines will have the net effect of shifting the supply and demand curves to the left, resulting in a higher price and a lesser amount of the illicit commodity being sold. Yet, the precise size of the price and quantity shift will be determined by the elasticity of supply and demand for the illicit commodity.
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Hubbard industries is an all-equity firm whose shares have an expected return of 10%. hubbard does a leveraged recapitalization, issuing debt and repurchasing stock, until its debt-equity ratio is 0.60. due to the increased risk, shareholders now expect a return of 13%. assuming there are no taxes and what is the interest rate on the debt? give your answer in percentage and with the % sign
Answers
Cost of equity of levered capital = Un levered cost of capital + Debt/equity * (rate of return - rate of debt)
0.168 = 0.108 + 0.65 * (0.108 - rate of debt)
0.168= 0.108 + 0.0702 - 0.65 * rate of
debt
0.65 * rate of debt =0.1782 - 0.1680
= 0.0102
rate of debt = 0.0102 / 0.65
= 0.01569 or 1.57%
In finance, leverage (or gearing inside the UK and Australia) is any technique regarding borrowing finances to buy matters, hoping that future profits might be in many instances extra than the cost of borrowing. This approach is called after a lever in physics, which amplifies a small input force right into a more output force due to the fact successful leverage amplifies the comparatively small amount of money needed for borrowing into large quantities of earnings. However, the technique also involves the excessive danger of no longer being capable of pay again a huge loan. Usually, a lender will set a limit on how great deal danger it is ready to take and will set a restriction on how plenty leverage it'll allow, and would require the acquired asset to be provided as collateral security for the loan.
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When businesses sponsor
community events they are largely
fulfilling their
responsibility to:
Answers
When businesses sponsor community events they are largely fulfilling their responsibility in order to grow their customer base through the promotional benefits of the event.
A community event is an event which is based on the public property, and either has attendees over 50, or blocks or reserves which have access to public passages or the right of way. So, such events have direct and indirect impacts on communities.
These events tend to provide opportunities for skills development, participation, volunteering and social, cultural economic and environmental developments. Thus, this way they also grow their customer base through the promotional benefits.
Hence, such community events also attract the tourists.
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If the price elasticity of demand for a good is 0.4, then a 10 percent increase in price results in a:A. 0.4 percent decrease in the quantity demandedB. 2.5 percent decrease in the quantity demandedC. 4 percent decrease in the quantity demandedD. 40 percent decrease in the quantity demanded.
Answers
If the price elasticity of demand for a good is 0.4, then a 10 percent increase in price results in 4 percent decrease in the quantity demanded. The correct answer is C.
If the price elasticity of demand for a good is 0.4, then a 10 percent increase in price results in a 4 percent decrease in the quantity demanded. This is because the price elasticity of demand measures the responsiveness of quantity demanded to a change in price, and a value of 0.4 indicates that demand is relatively inelastic.
Therefore, a 10 percent increase in price will result in a smaller decrease in quantity demanded, which is calculated by multiplying the percentage change in price by the price elasticity of demand (0.4 x 10% = 4%). Therefore, the answer is C.
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Have you ever bought something you thought would make you happy, but in the end it didn't?
Answers
Answer:
ummmmmmmmmm yea, but it's all cool now hbu
If a contract is for the sale of goods, it falls under Article 2 of the UCC; if it is for anything else, it falls under.Multiple ChoiceArticle 1Article 3the common lawthe federal rules of contractsstatutory laws
Answers
A contract for the sale of goods falls under Article 2 of the UCC (Uniform Commercial Code), while a contract for anything else falls under the common law.
This means that contracts for the sale of goods are governed by a specific set of rules, while contracts for other types of transactions are governed by the general principles of contract law.
The UCC is a set of laws that govern commercial transactions, including the sale of goods. Article 2 of the UCC specifically deals with the sale of goods, and provides rules for how these types of contracts should be formed, interpreted, and enforced.
The common law, on the other hand, is a set of legal principles that have been developed over time through court decisions. These principles apply to contracts that are not covered by the UCC, such as contracts for services or real estate.
In summary, if a contract is for the sale of goods, it falls under Article 2 of the UCC; if it is for anything else, it falls under the common law.
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You estimate an index model for Stock A using the market excess return. The estimate beta is 1.4. The standard deviation of market return is 5% and the standard deviation of Stock A's return is 8%. What is the R-squared of Stock A using this single index model.
A) 50%
B) 76.6%
C) 87.5%
D) 100%
E) None of the above
Answers
The correct answer is option B) 76.6%.
In finance, the R-squared value tells us how much of a security's variance may be accounted for by the market's variance. R-squared values are typically between 0 and 1, with values closer to 1 indicating that the security's returns can be predicted more reliably using the market index.
According to the given information: Beta = 1.4, Standard deviation of market return = 5%
Standard deviation of stock A's return = 8%
Using the formula below, we can calculate the R-squared value for stock A.R2 = (Beta)2 * (standard deviation of market return / standard deviation of stock A's return) 2R2 = (1.4)2 * (0.05 / 0.08)2R2 = 0.961 or 96.1%
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by what date must taxes be filed in the united states?
Answers
Answer:
april 15
Explanation:
its a direct question the isnt an explanation
define finance education for class 8
Answers
Mary is a stay-at-home mother whose husband died. She has two small
children to care for, and her husband was the primary wage earner for their
family. What Social Security benefits would care for Mary and her children?
A) retirement benefits
B) disability benefits
C) survivor’s benefits
D) worker’s compensation
Answers
Answer:
The answer that I think would be correct is option C (survivors benefits)
Explanation:
Retirement benefits definition: a form of social insurance payment made by the US Social Security (for age 62 and older) considering that Mary has two small kids, she probably isn't that old.
Disability benefits: in order to be eligible, you have to be unable to do regular or customary work for at least right days. Considering the fact that Mary is a stay at home mother then she wouldn't be employed.
Survivors benefit: this allows a retiree to ensure after death, a continuous lifetime annuity for their dependents.
Workers compensation: provision of benefits to employees who suffered work related injuries. Mary's husband most likely didn't die in the work place.
It is not necessary, when rejecting a job candidate, to worry about how the rejection is worded, as it will have minimal, if any, impact on the organization. True False
Answers
Which of the following is a benefit associated with regional economic integration?
A. Trade creation
B. Trade diversion
C. Loss of jobs
D. Loss of sovereignty
Answers
Answer:
its b
Explanation:
Answer: The answer is Trade creation
Explanation: I took the test
Utilizing your research notes, imagine you are a business manager and you must create a brief step-by-step problem-solving guide to be used by your employees. The guide should outline the steps in the problem solving process and provide a few details as to how an individual could approach each step. The guide should be no more than one page. Be sure to explain the value of collaboration and teamwork within the workplace.
Answers
Answer:
Define the problem
Analyze the affects of problem on the business
Generate list possible solutions to it.
Evaluate each alternative.
Implement a solution that is best fit
Monitor the results
Explanation:
There are six steps in problem solving. As a business manager one should understand all these steps to immediately counter a problem and progress for business success. The business manager should first define the problem and analyse the affects that it may cause to the business operations. He should then consider list of possible solutions which can solve the problem without any harm to business activities. The best possible solution to the problem should be selected and then it should be implemented to solve the problem quickly. The progress of the problem solving should be evaluated.
June enters into a contract with Steeley Company to purchase a washer and dryer. She doesn’t understand the financing terms but signs the agreement anyway because she needs the appliances. The financing terms violate state laws on interest rate limits and she is unable to make all of her payments when they are due. Steeley sues when June breaches the contract. The court would:
Answers
Answer: be exercising judicial restraint if it requires June to pay as she promised, even if the agreement was unfair and unwise.
Explanation:
Judicial restraint simply means a situation whereby judges aren't allowed to inject their own preferences into rulings and legal proceedings. It simply means that judges should limit exercising their own power during legal proceedings.
In this case, since June doesn't understand the contract but still signed, the court would be exercising judicial restraint if it requires June to pay as she promised, even if the agreement was unfair and unwise. It's advisable for the court not to interfere in the matter and follow the normal proceedings.
How does thinking at the margin change the decision-making process.
Answers
Answer:
Decision making process are as follows
Identification of problem
Collection of problem
Analyzing the problem
Taking Multiple Alternatives
Selecting best alternates
Taking decision
The benefit of mutual funds is that
Answers
Answer:
Mutual funds are the most popular investment choice in the U.S. Advantages for investors include advanced portfolio management, dividend reinvestment, risk reduction, convenience, and fair pricing.
Explanation:
(Disadvantages include high fees, tax inefficiency, poor trade execution, and the potential for management abuses.) not in question but just in case u need it
Answer:
Explanation:
Mutual funds are the most popular investment choice in the U.S. Advantages for investors include advanced portfolio management, dividend reinvestment, risk reduction, convenience, and fair pricing
(Disadvantages include high fees, tax inefficiency, poor trade execution, and the potential for management abuses.) not in question but just in case u need it
ryan is reviewing the credentials of job applicants and notices that rune shares his interest in watching and playing golf. ryan is demonstrating a form of when deciding to offer rune the position based in part on this common interest.
Answers
Lee is reviewing the credentials of job applicants and notices that Juan shares his interest in watching ad playing golf. Lee is demonstrating a form of implicit bias when deciding to offer Juan the position based in part on this common interest.
Implicit bias refers to unconscious attitudes or stereotypes that can influence decision-making, even when we are not aware of them. In this case, Lee's decision to offer Juan the position based on their shared interest in golf may be influenced by an implicit bias that associates people who share common interests with being more competent or suitable for the job.
While the bias in this case may be unintentional or unconscious, it can still have negative consequences for the hiring process and for diversity and inclusion in the workplace. To address implicit bias, it is important to increase awareness of our own biases and to implement strategies for reducing their impact on decision-making. This can include using objective criteria and standardized measures to evaluate job candidates, ensuring diversity in the selection committee, and providing training on unconscious bias for hiring managers and staff.
Recognizing and addressing implicit bias is an important step toward creating a more diverse and inclusive workplace, and promoting equal opportunities for all candidates.
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is it better for bondholders when the yield to maturity increases or decreases?
Answers
It is better for bondholders when the yield to maturity decreases.
How does yield affect bondholders?It is better for bondholders when the yield to maturity decreases. The yield to maturity represents the total return that bondholders will receive over the life of the bond, considering both the interest payments and any capital gain or loss upon maturity. When the yield to maturity decreases, it implies that bond prices have increased.
As a result, existing bondholders can benefit from higher bond prices if they decide to sell their bonds before maturity. Additionally, a decrease in the yield to maturity indicates a lower interest rate environment, which can make the fixed interest payments on bonds relatively more attractive compared to other investment options.
Overall, a decrease in the yield to maturity is favorable for bondholders.
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mark is interested in becoming a bio
Answers
Answer:
ok
Explanation:
Suppose the government wants to tax the good that will generate more tax revenue at a lower welfare cost. In this case, it should tax because, all else held constant, taxing a good with a relatively elastic demand generates larger tax revenue and smaller deadweight loss.
Answers
The Government should tax Smartphones because all else held constant taxing a good with a relatively less elastic demand generates larger tax revenue and smaller dead weight loss.
What is Elastic demand?An elastic demand refers to the change in the quantity demanded which takes place due to the change in the prices of the commodity. The prices changed in the large.
The complete question is attached below.
The opposite of the Elastic demand is Inelastic Demand which refers to the change in the demand in response to the smaller change in the prices of the commodity.
Smartphones should be subject to a tax because, all else being equal, taxing a good with a substantially less elastic demand results in greater tax revenue and less waste.
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fragment company leased a portion of its store to another company for eight months beginning on october 1, at a monthly rate of $1,275. fragment collected the entire $10,200 cash on october 1 and recorded it as unearned revenue. assuming adjusting entries are only made at year-end, the adjusting entry made on december 31 would be:
Answers
Total rent of the fragment company is equal to 10,000.
Rent income is the money made from renting out real estate, like office space, to other people. A sum of money paid by a lessee to a lessor in consideration for the use of machinery, equipment, etc. a regular payment made by a renter to a landlord in exchange for the use of land, a structure, an apartment, an office, or another piece of property.
Unearned money equals total rent (3 months / 8 months).
Unearned amount = 10,200x[3/8]
Unearned income = $3825
Log entry: $3825 in unpaid rent for the apartment
A/C Rent Cr $3825
Credit for $3825 of earned rent and a debit for unearned rent
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Risk is an important factor for companies engaged in international business. One way a collaborative arrangement helps minimize risk when operating abroad is by ________. Group of answer choices
Answers
One form of a collaborative agreement that helps to minimize risk when operating abroad is to freeing up resources so that a company can diversify into more countries.
The internationalization of a business has added risks that require effective risk management for the protection of the company's assets and long-term sustainability in the market.
Some potential risks of operating abroad are:
Entry barriersBureaucracyLegislative barriersCultural barriersTherefore, by freeing up resources so that a company can diversify in more countries, it increases the possibility of a company adapting to different markets and not just fixing all its resources in a single international market.
This can be a strategy for an organization to gain knowledge, experience and develop better strategies to operate in the international market.
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Explain one reason why many businesses have a human resource functional area.
Answers
Answer:
One reason why the human resource department is important is because they look after the recruitment needs of the company. Employee recruitment, which includes interviewing and selecting new hires, is typically the responsibility of the human resources department.
Explanation:
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how do I start a business? It has to be a physical business cuz I wanna open a boba shop
My mom says I should take business classes but I am impatient and I wanna know
Answers
Answer: The first when starting a business is knowing what the business is going to be about
Explanation: You made it clear that you want to open a physical store. But before opening a store is important for you to know some basic stuff. Your mom is right about taking some business class and while you take them you can also open the store, which is a learning proccess that never ends.
When opening a store you need to be clear how your product or services is going to help or be a way for people to entertain or enjoy. When you are clear about it you have to think about putting the store in a place that you know you are going to get good visibility. Also, you are going to work on the marketing side and you can do this online creating ads for people to go and see your store.
When you are clear about the ubication and the ways of how to make people come to your store, you need to also think about the design. The type of product that you want to sell needs to have an attractive design that catches people's eyes.
you're evaluating the performance of your pension fund. you invested $100 initially, which grew to $103 after 4 months, and then to $107 after another 6 months.
Answers
The initial investment in the pension fund was $100, which grew to $103 after 4 months and then to $107 after an additional 6 months. Evaluate the performance of the pension fund based on these growth figures.
The performance of the pension fund can be assessed by calculating the rate of return over the investment period. To do this, we need to determine the total percentage increase in value from the initial investment to the final amount.
Starting with an initial investment of $100, the growth to $103 after 4 months represents a percentage increase of 3% [(103-100)/100 * 100]. Similarly, the growth from $103 to $107 over the next 6 months represents a percentage increase of approximately 3.88% [(107-103)/103 * 100].
In total, the pension fund experienced a compounded growth of approximately 6.88% over the entire investment period. This indicates a positive return on the initial investment.
In conclusion, the pension fund demonstrated a growth of approximately 6.88% over the investment period. This indicates a positive performance, as the fund's value increased from $100 to $107.
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