It is a False statement, In any accounting cycle, an analysis of transactions is not performed at the end of each accounting period.
What is accounting cycle?
The accounting cycle is a comprehensive procedure that documents a company's transactions from beginning to end, assisting organizations in maintaining efficiency. All of the business's accounts, including T-accounts, credits, debits, journal entries, financial statements, and book closing, are included in the cycle.
Identification of transactions, journal entry recording, posting of transactions, preparation of the unadjusted trial balance, worksheet analysis, correction of worksheet inconsistencies, preparation of the financial statement, and closing the books are the steps in the accounting cycle.
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A mutual fund in which no sales charge is paid by the individual investor is called a(n) ________ fund.
a. closing fund
b. convertible load
c. no-load
d. open-minded
The correct option is C ( no-load fund). A mutual fund in which no sales charge are paid by the individual investor is called a no load fund.
A No-load fund is a fund that doesn't charge any type of sales load. No-load also includes the operating expenses. Not all type of shareholder fee is a sales load. These fund may charge fees that are not sales loads. A fund can only market themselves as no load fund when charges are less than allowed 12-1b charges. These are controlled by Financial Regulatory Authority (FINRA). These funds do not charge a front or backlog sales fees, they make up their charges by including other fees. Thus option C (no-load fund) is correct.
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To calculate the unit product cost using the job cost sheet ______ by the number of units produced.
To calculate the unit product cost using the job cost sheet: divide the total job cost by the number of units produced.
What is Unit product cost ?Unit product cost can be described as the total cost of a production run, which is been divided by the number of units produced.
It should be noted that this help the company to have the understanding about how costs are accumulated since it could include hundreds or thousands of units per batch, hence To calculate the unit product cost using the job cost sheet: divide the total job cost by the number of units produced.
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One way the package software firm, intuit has approached the future and avoided disruptive innovation was to?
The package software company, intuit, bought mint.com as one strategy for anticipating the future and avoiding disruptive innovation.
A disruptive innovation is one that makes products and services simpler and more accessible to underserved or untapped markets.
Traditionally, established businesses focus on refining their goods and services for their lucrative clientele, usually ignoring the requirements and preferences of undeveloped markets. This lack of focus allows smaller businesses or newcomers the opportunity to reach this disregarded group with easier, more accessible choices.
On the other side, sustaining innovation refers to the practice of inventing to improve current goods and services for the client base already present, either in response to consumer or market demands.
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Accounting statements represent a company’s earnings, but this is not the real cash that a company generates. Earnings data can be manipulated and can be deceiving. Thus, corporate decision makers and security analysts focus on the free cash flow that a firm generates to analyze the company’s real cash position. True or false?.
TRUE, accounting statements represent a company’s earnings, but this is not the real cash that a company generates. Earnings data can be manipulated and can be deceiving. Thus, corporate decision makers and security analysts focus on the free cash flow that a firm generates to analyze the company’s real cash position.
A company, abbreviated as co., is a legal entity representing an affiliation of human beings, whether or not herbal, crook or a aggregate of both, with a specific goal. Employer contributors share a not unusual reason and unite to acquire specific dreams.
An organization is a prison entity normal by way of a fixed of human beings to interact in and perform a commercial business enterprise in a commercial enterprise or business capacity. An employer's enterprise line depends on its form, which can range from a partnership to a proprietorship, or even an employer.
An employer is a kind of employer shape that is a separate criminal entity from its owners. It's a complicated business shape, with higher set-up and administrative costs due to more reporting requirements and better-degree prison obligations.
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In 2021, individuals with earned income who are age 50 or over are permitted to make an extra annual ira contribution of:________
a. $1,000
b. $2,000
c. $3,000
d. $4,000
The correct answer is (a) $1,000 .
A $1,000 IRA payment is allowed for people 50 and older, bringing the maximum authorized contribution up to $7,000.
What is an IRA?You may save money for retirement tax-advantageously with an individual retirement account (IRA). With the help of an IRA, a person can save money for retirement while enjoying tax-free growth or deferring taxes. An IRA is a financial institution-created account.
How do IRAs function after retirement?With a typical IRA, you may postpone paying taxes now until you take the funds for retirement. A conventional IRA can help you save money in the long term if you anticipate being in a lower tax band in retirement. It also offers certain unique, penalty-free withdrawals for specific expenditures.
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Notice that the marginal benefit of each additional shield decreases. explain why this would likely happen in real life.
Based on the marginal benefit of each additional shield decreasing, the reason why it would happen in real life is that there are additional advantages as quantity consumed increases.
Why does marginal benefit decrease?Marginal benefit will decrease as more goods are acquired because the benefit that each additional shield will bring is less than what the last shield would bring.
Take this example for instance. You wanted ice cream and as you kept taking more ice cream, you wanted more and more at first but then began to want less and less ice cream because you were getting full.
This is the same with the shields. As you acquire more shields, they become less useful because you can't use all of them. This shows that the marginal benefit has decreased.
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"corporate in-fighting," "management power struggles," "maneuvering and politics and power grabbing," and "machiavellian intrigues" are all phrases h. Ross perot uses to describe.
"corporate in-fighting," "management power struggles," "maneuvering and politics and power grabbing," and "machiavellian intrigues" are all phrases h. Ross Perot uses this to describe the reality of corporate life.
This is further explained below.
What is corporate life?Generally, The phases of expansion and development that practically every corporation goes through may be summed up under the term "corporate life cycle."
This cycle begins with the founding of the organization and continues until its demise, which can occur in a number of different ways. The following are the four phases that make up a business's life cycle: Startup stage. Phases of growth and being established
In conclusion, J. Ross Perot employs a number of different terms to characterize the realities of life in corporate America. Some of these expressions include "corporate in-fighting," "management power battles," "maneuvering and politics and power grabbing," and "machiavellian intrigues."
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Herrera corporation has total sales of $3,110,400 and costs of $2,776,000. depreciation is $258,000 and the tax rate is 21 percent. the firm is all-equity financed. what is the operating cash flow?
The operating cash flow for the given information is $318356.
What is operating cash flow?The amount of cash created by a company's typical business activities is measured as operating cash flow (OCF). Operating cash flow reveals whether a firm can create enough positive cash flow to sustain and increase its operations; otherwise, external finance for capital growth may be required.
The computation of the operating cash flow is done as follows-:
Sales 3110400
(-) COGS (2776000)
EBITDA 334400
(-) Depreciation (258000)
=EBIT 76400
(-)Interest 0
= Earning before tax 76400
(-)Tax 0.21 (16044)
318356
= Net Income or Earnings After Tax, 16044 (0.21 *EBIT)
= Operating Income (EBIT)
= 318356 (EBIT + Depreciation - Net Income or earnings after taxes)
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A good internal control to protect cash is to make cash payments using? checks or cash petty cash checks cash
A good internal control to protect cash is to make cash payments using: checks.
What are internal controls?Internal controls can be defined as the policies, set of rules, and procedures that are implemented or put in place by a business organization, in order to achieve the following:
Protect its assets.Protect its cash.Boost efficiency.Enhance financial accountabilityEnforce adherence to company policies.Prevent fraudulent behaviors among the employees.This ultimately implies that, the main purpose of internal controls is to guarantee that both financial and material losses are eliminated, as there's an accurate and reliable accounting system.
In this context, we can infer and logically deduce that a good internal control measure to protect cash is to ensure cash payments are made by using checks.
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If sales increase while there is no change in accounts receivable, the receivables turnover ratio will ______.
When there is an increase in sales and yet there is no change in accounts receivable, the receivables turnover ratio will Increase.
What is the receivables turnover ratio?The receivables turnover ratio refers to the measure that shows the number of times a company will have to collect money from its receivables in a given period.
If there is an increase in sales and yet the account receivables does not change, this means that there are now more account receivables. The receivables turnover ratio will have to increase to show that the company will need to collect more receivables.
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In a designed experiment, a(n) _____ measures the difference that a factor has on the response.
In a designed experiment, a(n) main effect measures the difference that a factor has on the response.
In the scientific method, an experiment is a series of actions and observations performed in the context of solving a particular problem or question in order to support or refute a hypothesis or study about a phenomenon. Experiments occupy an important place in the development of science. Because experiments are used to test a thought, an axiom, or the reality of a phenomenon on the basis of a rationale and turn it into a law or a theorem like Newton's Law.
The four basic elements that affect the validity of an experiment are controls, independent and dependent variables, and constants. These basic requirements must be in place and identified for an experiment to be considered valid.
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Competitive advantages that are unique, valuable, and difficult for rivals to copy are likely to make these advantages. True or false?.
The correct answer is true.
A corporation is said to have a competitive advantage if it can create goods or services more quickly, cost-effectively, or both than its rivals. These factors provide the producing unit the advantage over rivals in terms of sales or profits.
What are the four competitive advantages?The four basic methods for gaining a competitive edge are cost leadership, differentiation, defensive strategies, and strategic partnerships.
What elements influence competitive advantage?The following production factors can provide a competitive advantage:
a) Economies of scale: The size of a business is referred to as its scale.
b) Geographic advantages
c) Raw-materials
d) The durability of care
e) Inventory standards
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Corporation and limited liability (limited partnership) company taxed twice.
a. true
b. false
Option[A] is the correct answer.
Corporation and limited liability (limited partnership) company taxed twice.
Before any earnings may be distributed to shareholders, the corporation must pay income tax at the corporate rate. Any gains that are then dispersed as dividends to shareholders are again taxed at the recipient's individual rate. The company profits are thus subject to two separate income tax rates.
What is Double Taxation?When business profits are taxed both at the corporate and personal levels, C corporations are subject to double taxation. Before any earnings may be distributed to shareholders, the corporation must pay income tax at the corporate rate. Any gains that are then dispersed as dividends to shareholders are again taxed at the recipient's individual rate. The company profits are thus subject to two separate income tax rates.
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Financial statements are typically prepared before completing the adjusted trial balance. True or false?.
The statement "Financial statements are typically prepared before completing the adjusted trial balance" is false
What is an adjusted trial balance?
An adjusted trial balance details all general ledger account balances after any adjustments have been accounted for. The adjustments, in this case, would normally include those for prepaid and accrued expenses, as well as non-cash expenses like depreciation or amortization.
Note that the fully adjusted trial balance is required to prepare the financial statements, since the closing entries are also integral part of the financial statements, as a result, the financial statements are prepared after the adjusted trial balance has been completed.
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When an individual qualifies for a lower premium or rate than standard risks, the insured is considered a?
When an individual qualifies for a lower premium or rate than standard risks, the insured is considered a Preferred risk
What is an Insurance?
Insurance protection against loss is offered by insurance. It is a form of risk management that is mostly used to reduce the risk of a potential loss that is unknown or contingent. A business that provides insurance is known as an insurer, insurance firm, insurance carrier, or underwriter.
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Magnolia inc., an american software development company, has opened a call center in india. the company has hired indian employees to work in the call center. this scenario is an example of _____.
Magnolia inc., an American software development company, has opened a call center in India. the company has hired Indian employees to work in the call center. this scenario is an example of offshoring. Thus, option A is correct.
What is the company?A company is a corporate body established by a collection of people to conduct and manage a multinational corporation, whether it be economic or manufacturing.
Offshoring can be defined as when a country or a business gives its business to another company to process and this scenario is called as offshoring.
For example, in the given scenario Mongolia is a software development country who have given call center job to the people who are in India the scenario is called an of offshoring scenario. Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
A) offshoring
B) insourcing
C) dejobbing
D) homeshoring
__________ are segments of the population selected for marketing research to represent the population as a whole.
A sample is a segment of the population selected for research purposes to represent the population as a whole.
A sample is a part or segment of the population that is selected by the researchers to represent the population as a whole. For example, in market research, it is not possible for researcher to reach out to each and every customer. Instead of this, research select some segment of the population being studied.
Research selects some samples from the population to carry out market research or study. After gathering the required information from the sample of the study. Then, researchers analyze the data and present the result to the whole population.
There are different sample tools, theories, and techniques used for creating market research.
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A professional identity or brand name used by a salesperson and at least one or more other licensees, to provide real estate licensed services is known as a:______.
A professional identity or brand name used by a salesperson and at least one or more other licensees, to provide real estate licensed services is known as a team name.
For the purpose of providing real estate licensed services, a salesperson and one or more other real estate licensees may work together under the name "team." Notwithstanding any other legislation, the use of a team name does not require that a separate license be granted for such name pursuant to Section 10159. 5. For the purposes of this part, any other law, or for the purposes of including a fictitious business name declaration with an application as required by subdivision, a team name does not qualify as a fictitious business name.Team name is a term used in Section 858-305 of the Code to refer to a name used by a team. All team names must be registered with the Commission and authorized by the broker.To know more about Real estate visit:
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With respect to cost classifications for assigning costs to cost objects:
a. what is total direct manufacturing cost?
b. what is the total indirect manufacturing cost?
With respect to cost classifications for assigning costs to cost objects, the total direct manufacturing cost is the amount of money a company spends on its manufacturing operations.
The total direct manufacturing cost means the costs necessarily and reasonably incurred in the manufacture of the commercial products. So in order to determine per unit cost of a product, you have to calculate the total manufacturing cost of all the items manufactured during that given period.
For assigning costs to cost objects classification, the total indirect manufacturing costs are production costs which cannot be directly associated with a produced unit.
Hence, the total direct manufacturing costs are often variable costs.
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If you are planning an extended drive, advance preparation can pay off in terms of:______.
If you are planning an extended drive, advance preparation can pay off in terms of Fewer troubles, fuel savings and enhanced safety.
What is safety in driving?When operating a motor vehicle, defensive driving refers to the practice of predicting dangers despite unfavorable road conditions or other drivers' errors.
By following the rules and regulations pertaining to road safety, incidents on the road can be avoided. Driving skillfully and cautiously is essential for ensuring the safety of drivers, passengers, and pedestrians on the road. It's crucial to build better roads if you want to reduce collisions.
By driving safely and steadily, defensive driving practices lower the risk of an accident or incident and can even save money on fuel and car maintenance.
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if decking cost $3.25 per square feet, how much would it cost to build a deck that is 25 feet by 20 feet?
Answer:
1625
Explanation:
25*20=500
3.25*500=1625
What protects a specific set of procedures for conducting a particular business activity?
Regulating Body protects a specific set of procedures for conducting a particular business activity.
Business activities occurs in the organisation to fulfill and achieve the sole goal of any organisation that is to maximize the profit and make the sales maximum against the demand generated. These profits are then distributed as retained earnings and shareholders income.
Several business activities take place with a particular set of procedures which are regulated by a regulating body or a organisation that is bind by the law of code and conduct to protect them.
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In the media business synergy means that a large company can use the strengths of its different divisions to market its content. true false
True, in the media business, synergy means that a large company can use the strengths of its different divisions to market its content.
What is Synergy?
It is frequently referred to as a synergy merge when two businesses combine in order to increase efficiency or size. If a company's share price rises following a merger as a result of the deal's synergistic effects, shareholders will gain.
So the above-mentioned statement is true.
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A salamander relies on hydrogen bonding to stick to various surfaces. therefore, a salamander would have the greatest difficulty clinging to a _____.
A salamander relies on hydrogen bonding to stick to various surfaces. therefore, a salamander would have the greatest difficulty clinging to a surface of hydrocarbons.
What is a hydrogen bonding?It refers to the interaction involving a hydrogen atom located between a pair of other atoms having a high affinity for electrons, such bond are weaker than an ionic bond or covalent bond but stronger than van der Waals forces.
They can exist between atoms in different molecules or in parts of the same molecule. One atom of the pair such as a fluorine, nitrogen or oxygen atom, is covalently bonded to a hydrogen atom whose electrons it shares unequally.
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During the last couple of decades, it has become important for value-oriented marketers to ________ with customers. multiple choice
For value-oriented marketers, it has been crucial in recent years to shift away from a transactional focus on clients and toward a relational one.
When a brand engages with its audience based on shared values, it is said to be engaging in values-based marketing. It's an authentic, outward-looking strategy with the goal of improving the world. Values-based marketing aims to connect with its target audience on deeply held social and ethical issues in addition to what a company sells. Value marketing aims to generate the best potential benefit for both a consumer and a provider while being driven by authenticity.
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Explain the basic assumption of economics with respect to rational self-interest. Describe two detailed real-life examples applying the assumption.
When making economic decisions, economists make assumptions in order to better understand how consumers' and businesses' behaviour.
To assist explain how an economy works and how to maximise growth, income, and employment, there are numerous economic theories.
However, preferences—that is, what companies and customers like to have or prefer to avoid—are central to many ideas. Additionally, the assumptions frequently concern the resources that are or are not readily available to meet the demands and preferences. The decisions that individuals involved in an economy make are significantly influenced by the availability or scarcity of resources.
Learn the rationale behind economists' assumptions and how they affect economic models.
When making economic decisions, economists make assumptions in order to better understand how consumers' and businesses' or economic behaviour.
Economists They use assumptions in order to build a model that they can control because they are unable to isolate certain factors in the real world.
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In the financial projections section, the sba recommends this for the projections for the first year:______
In the financial projections section, the SBA recommends this for the projections for the first year quarterly or monthly projections.
Financial ProjectionsOne of the most crucial things you can do for your business each year is to plan out and work on your company's financial projections. The process itself frequently has more significance than the outcomes, or formal projections. At a minimum, strategic planning enables you to "come up for air" from the day-to-day challenges of managing the business, assess its current state, and chart a clear way forward.
Regular planning also assists your business in adjusting to change on both an internal and external level. You are better equipped to identify issues and possibilities by routinely reevaluating your company's capabilities, markets, and competition.
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A global environmental scan, marketing research, and judgments based on experience will determine the extent of ________ that global marketing programs will have.
A global environmental scan, marketing research, and judgments based on experience will determine the extent of standardization or customization that global marketing programs will have.
This is further explained below.
What is standardization?Generally, Standardization is the process of establishing and defining technical standards based on the agreement of several stakeholders including corporations, users, interest groups, standards bodies, and governments. Standardization may also be spelled as standardization.
In conclusion, The degree of uniformity or customization that will be included in global marketing programs will be determined by doing a global environmental scan, conducting marketing research, and making judgments based on previous experience.
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A long-standing company is expanding their existing workforce. what, in all likelihood, will they invest in terms of computing capabilities?
By restructuring and creating practical training materials, encouraging a productive and employee-centered workplace, and making sure that every member of your organization is fairly compensated, rewarded, and held accountable, investing in your staff can have significant and advantageous effects on your business.
This technique has developed over time into high-frequency big data analysis, which is currently the standard in the financial industry. It gives investors the opportunity to make a more thoughtful choice by assisting them in discovering efficiencies in areas they either didn't consider or couldn't reach before.
By automating repetitive operations like payroll, bookkeeping, and record-keeping, computers cut expenses. Enhance supplier or customer connections. Develop more effective communication inside the organization or with consumers. Boost staff productivity and corporate efficiency.
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What is the 13th order of business? (include the article and section where the answer is found.)
According to IBEW - International Brotherhood of Electrical Workers Orientation Workbook, the 13th order of business is "New Business (Matters relating to any election and installation of officers).". This is indicated in the IBEW Constitution. See attached image.
What is IBEW?The International Brotherhood of Electrical Workers (IBEW) is a labor union that contains nearly 775,000 employees and retired workers in the electrical industry in the United States, Canada, Guam, Panama, Puerto Rico, and the United States Vir.gin Islands.
More specifically, electricians, or inside wiremen, in the construction industry, as well as line workers and other public utility employees.
The organization also represents certain workers in the computer, telecommunications, and broadcasting sectors, as well as other electrical-related professions.
Some other items found in the order of business of the constitution of the IBEW are:
6th Order - Reports of Candidates9th Order - Reports of Delegates14th Order - Good of the Union etc.See attached image.
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