In its first month of operations, a company’s cash account has total debit entries amounting to $27,500 and total credit entries amounting to $24,900. At the end of the month, the cash account has a.$2,600 debit balance.
As shown at left, asset, expense and dividend accounts each follow the identical set of debit/credit rules. These accounts normally carry a debit balance. On the asset side of the record, a debit increases the balance of an account, while a credit decreases the balance of that account.
When an organization receives money prior to earning it, the accounting may be a debit to the asset Cash for the quantity received and a credit to the liability account like Customer Advances or Unearned Revenues. Debits increase asset accounts; credits decrease asset accounts.
Third: Debit the receiver, Credit the giver. A debit increases asset or expense accounts, and reduces liability, revenue or equity accounts. A credit is usually positioned on the proper side of an entry.
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What is the effect of this event on the quantity of beef supplied and on the supply of beef?
The effect of this occasion on the quantity of beef supplied and on the supply of beef is The quantity of beef supplied decreases and the supply of beef is unchanged.
What occurs when quantity supplied decreases?
A decrease in direction will cause the equilibrium price to fall; quantity supplied will decrease. An increase in supply, all other things untouched, will cause the equilibrium price to fall; quantity required will increase. A decrease in supply will cause the balance price to rise; quantity demanded will decrease.
What drives the quantity supplied to decrease?
The law of supply says that a higher price leads to a higher quantity provided and that a lower price leads to a lower quantity supplied.
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Complete Question is,
A. The quantity of beef supplied decreases and the supply of beef also decreases
B. The quantity of beef supplied increases and the supply of beef also increases
C. The supply of beef decreases and the quantity of beef supplied is unchanged.
D. The supply of beef is unchanged and the quantity of beef supplied increases.
E. The quantity of beef supplied decreases and the supply of beef is unchanged.
What is the yield to maturity (ytm) on a simple loan for $2000 that requires a repayment of $8000 in five years' time?
The yield to maturity (YTM) on a simple loan is 31.9%
What is the yield to maturity?The yield to maturity represents an overall total of all outstanding loan repayments. The yield to maturity of the security varies based on the bond's valuation and the number of remaining balances.
simple loan for $2,000
repayment of $8,000
time period 5 years
The formula for yield to maturity is
Yield to Maturity = [Annual Interest + {(FV-Price)/Maturity}] / [(FV+Price)/2]
$2,000 = $8,000/(1+i)⁵
(1+i)⁵ = $8,000/$2,000
(1+i) = 41/5
i = 1.319-1
= 31.9
31.9% is the YTM
The yield to maturity (YTM) on a simple loan is 31.9%
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A(n) ________ energy audit is the most complex and difficult energy audit to perform.
A Investment grade energy audit is the most complex and difficult significance audit to perform.
What stands Investment grade ?
Investment grade refers to the grade of a company's credit. To be considered an asset grade issue, the company must be rated at 'BBB' or higher by Standard and Poor's or Moody's. Anything below this 'BBB' rating is believed non-investment grade.\
What is the distinction between investment quality and non-investment grade?
Investors generally group bond ratings into 2 major categories: Investment-grade guides to bonds rated Baa3/BBB- or better. High-yield (also directed to as "non-investment-grade" or "junk" bonds) pertains to bonds placed Ba1/BB+ and lower.
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In trying to forecast demand for a new product, an ideal situation would be one where an existing product or generic product could be used as a:_________
A qualitative technique in forecasting historical analogy in trying to forecast demand for a new product, an ideal situation would be where an existing product or generic product could be used as a model.
More about historical analogy:
The historical analogy method, which may be accurate and affordable, primarily estimates the demand for a new product. In order to create the greatest fit forecast, it starts with forecasts and historical data of any comparable or pertinent existing products.
A forecasting technique known as forecast by analogy makes the assumption that two distinct types of phenomena would behave similarly.
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Which fee should an account in good standing never have to incur?
atm fee
atm fee online banking fee
online banking fee
identity theft protection fee
identity theft protection fee
overdraft fee
There are no ATM Transaction fees while using a U.S. Bank ATM if you have an account with that bank that includes ATM access as a feature.
What is a Transaction?An exchange or transfer of products, services, or payments; specifically, electronic transactions. Transactions, collectively: The frequently published minutes from a society or group meeting. 2a: a transactional act, procedure, or instance.
Paying a supplier for products or services received. Acquiring real estate that the seller previously held by paying the seller with cash and a note.
When one institutional unit makes a payment or assumes a liability expressed in units of money, the transaction is referred to as a monetary one.
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A leasehold estate conveyed to a tenant entitles the tenant to do all of the following except?
a. sell the property
b. enjoy the property
c. occupy the property
d. use the property
A leasehold estate conveyed to a tenant entitles the tenant to do all of the following except: a. sell the property.
What is leasehold estate?Leasehold estate is when a lessor who is the person that lease out a property decide to lease out the property to a lessee or a tenant in which the lessee now have access to the property.
A lessee does not have the right to sell the property that was lease to him/her but has the right to do the following:
Enjoy the propertyOccupy the propertyUse the propertyTherefore a leasehold estate conveyed to a tenant entitles the tenant to do all of the following except: a. sell the property.
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The features of a product or service that most, if not all, customers prefer are called_________blank.
We, consumers, favor products or services that perform well or prefer the "performance attributes" of what we want to consume. This feature is most, if not all, customers prefer.
The dimension of the utility function for the customer is the performance attributes of a product, good or service. Performance quality, attributes and characteristics distinguish the goods or services from those of rival brands or businesses, which the buyer may find to be very important.
If we ask a firm what their product or service is to be given and we can relate to its features or performance characteristics, the strategic activities correspond to the performance attributes subcomponent of the market utility function.
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From a business perspective, raw data is transformed systematically during various stages, transforming it into valuable information, in a process called:__________
From a business perspective, raw data is transformed systematically during various stages, transforming it into valuable information, in a process called: the information value chain.
What is the Information Value Chain?
Very specifically, the Information Value Chain is the understanding that data only creates value if it goes through a sequence of steps, steps which eventually result in effort back in the real world.
What is the information Action value chain?
The chain has four major steps. We start with data accepted from the real world. Next, we convert that data into information. We use that information to inform conclusions. Finally, based on those decisions we take action that will deliver value to the firm.
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On november 21, civic company received $550 from customers in payment of their accounts. the journal entry to record this transaction would include:__________
On november 21, civic company received $550 from customers in payment of their accounts. the journal entry to record this transaction would include a debit to supplies and a credit to accounts payable.
What is debit to supplies?
Credit-purchased goods from a supplier: The accounts payable account is credited and the supply expenditure account is debited. Cash-purchased inventory from a supplier: The cash account is credited and the inventory account is debited.
The materials must be expensed because they were used up during the period, necessitating the debit to the supplies cost account. Rather than being paid in cash, expenses are instead noted in diary entries.
Therefore,
On november 21, civic company received $550 from customers in payment of their accounts. the journal entry to record this transaction would include debit to supplies and a credit to accounts payable.
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department a uses 2,000 labor hours. department b uses 3,000 labor hours. calculate the allocation rate for allocating $20,000 total cost on labor hours.
The time it takes for the final amount to be $20,000 is 4 hours.
What is an equation?An equation is an expression that can be arithmetic or algebraic, which are related with an "=" sign that indicates equality of expressions.
If apartment A uses $2000 per hour in labor and apartment B uses $3000 per hour, to arrive at a total amount of $20000, we formulate the following equation:
Final amount = hours (amount A + amount B)
hours = x, this is our hourly variable20000 = x (2000 + 3000)
x = 20000 / (2000 + 3000)
x = 20000 / 5000
x = 4 hours
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Identify the controllable and uncontrollable elements that starbucks has encountered in entering global markets.
The controllable and uncontrollable factors which the Starbucks has encountered while entering in the global market are similar to those in their domestic market.
These factors include different factors such as product, price, place and promotion. The Starbuck's name and image connects with the millions of consumers around the globe. Internally, Starbucks is also able to make adjustments to fit in a county's cultural tastes and expectations regarding their product, price of it and where it is available and how it is marketed.
Starbuck's is now also able to take part in market research to get surity about their product that it has the right fit for each of its international locations.
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National income and product data are generally revised.what effects would the following revisions haveon consumption, investment, government purchases,net exports, and gdp?
Consumer purchases of North Carolina-made furniture count as consumption; as a result, consumption rises by $6 billion, investment stays the same, government purchases remain the same, net exports remain the same, and GDP rises by $6 billion.
What is GDP?A popular measure of economic performance is the gross domestic product (GDP). The gross domestic product (GDP), which accounts for all economic activity in a country over a specific time period, is seasonally adjusted to take into account seasonal changes in output. In order to reflect increases in output rather than changes in the prices of goods and services, the most carefully followed GDP indicator is also adjusted for inflation.
The size of country economies is regularly compared using annual GDP totals. The yearly rate of growth or contraction of the GDP is more relevant to policymakers, players in the financial markets, and company executives. Comparing annual and quarterly rates is now simpler as a result.
Thus, GDP is the most accurate indicator of a Nation's Economic Value.
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Complete Question
National income and product data are generally revised. What effects would the following revisions have on consumption, investment, government purchases, net exports, and GDP? Give an adequate explanation.
It is discovered that consumers bought $6 billion more furniture than previously thought. This furniture was manufactured during the current year in Sweden.
Other things equal, if the price of a key resource used to produce product x falls, the:______
Other things equal, if the price of a key resource used to produce product X falls, the: Product supply curve of X will shift to the right.
What is Product supply curve ?
The supply curve in economics is a visual representation of the connection between the cost of an item and the quantity that a seller is willing and able to produce. The vertical axis of the graph reflects product pricing, while the horizontal axis represents supply quantity.
Therefore,
Other things equal, if the price of a key resource used to produce product X falls, the: Product supply curve of X will shift to the right.
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According to the bcg matrix, products or businesses with a high market share in a high-growth market are classified as ________. group of answer choices
A. dogs
B. question marks
C. cash cows
D. stars
E. heroes
Businesses with a high market share in a high-growth market are classified as stars. (Option d)
What are the BCG classifications?A product is described as a question mark when a product is sold in a market that is growing rapidly and the products have a low market share.
A product is described as a star when it has a high market share and high growth rate.
A product is described as a dog if it has a low growth rate and a low market share.
A product is described as a cash cow if it has a large market share but a low growth rate.
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The foreign corrupt practices act makes it illegal for employees of us companies to _____.
The Foreign Corrupt Practices Act makes it illegal for employees of U.S. companies to make "questionable" or "dubious" contributions to political decision makers in foreign nations.
What is the purpose of the Foreign Corrupt Practices Act ?The Foreign Corrupt Practices Act serves as an act that was set up in the United States federal which is a law that prohibits U.S. citizens as well as entities from bribing operations.
It prevent dubious act from foreign government officials with respect to business interests, hence Foreign Corrupt Practices Act makes it illegal for employees of U.S. companies to make "questionable" or "dubious" contributions to political decision makers in foreign nations.
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What is not one of the reasons why farmers prefer price supports more than direct income supplements?
Farmers prefer price supports more than direct income supplements
tend to provide lower benefits.What is the reason farmers prefer direct supplements?Direct marketing can benefit farmers by allowing them to earn a greater portion of the consumer food dollar by eliminating intermediary brokers, buyers, and distributors. Examples of direct marketing include community-supported agriculture (CSA) ventures, farmers’ markets, farm stands, and direct sales to businesses and institutions, such as restaurants, schools, or hospitals. Direct marketing can contribute toward sustainable agriculture and food systems by increasing farmer profitability, promoting the local economy, and providing consumers with higher quality and healthier products. Direct marketing is the sale of agricultural goods and products from the farm straight to the consumer, without intervening distributors or retailers.To learn more about Farmers, refer
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A company's options for lowering the costs of internally-performed value chain do not include?
A company's options for lowering the costs of internally-performed value chain activities do not include working closely with suppliers and/or distributors.
Knowledge of the Value ChainA strategy technique for examining internal business operations is value chain analysis. Its objective is to identify the operations that are most valuable to the company (i.e., the source of cost or differentiating advantage) and those that may be enhanced to give the company a competitive edge. In other words, by examining internal operations, the study identifies the competitive advantages and drawbacks of a corporation. When using differentiation advantage to compete, a company will strive to accomplish its tasks more effectively than its rivals. If a company competes on price, it will aim to carry out internal tasks less expensively than rivals.
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The fundamental source of monopoly power is? a. barriers to entry. b. profit. c. increasing average total cost. d. a product without close substitutes.
Option{D} is the correct answer.
The fundamental source of monopoly power is a product without close substitutes. Other companies cannot enter the market since there are no suitable alternatives. This is what establishes the entrance barriers that define monopolies. Additionally, it can increase profits and lower average costs overall. However, a monopoly would never develop if there were no alternatives, which is why it is the primary source of its power.
Understanding a MonopolyA company that enjoys monopoly status lacks replacements for its goods and faces little internal rivalry. Monopolies have the power to set prices and erect obstacles to entry for rival businesses.
Companies can become monopolies by vertically integrating their operations to control the entire supply chain from manufacturing to sales, or by acquiring rival businesses to become the only producer.
Monopolies frequently benefit from economies of scale, the capacity to produce large volumes at reduced unit prices.
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Alana, the children's department manager at shoe mart, has eight employees in her department, and all of them report directly to her. the eight employees who report directly to alana are her _____.
Alana, the children's department manager at shoe mart, has eight employees in her department, and all of them report directly to her. the eight employees who report directly to Alana are her span of control.
What is the Span of control?Human resource management and commercial management both frequently employ the phrase "Span of Control." The total number of subordinates that a manager or supervisor can supervise is what this term refers to because it has to do with managing and supervising personnel. The collecting and management of operational data were one of several middle managers' jobs that was made easier by technology. As a result, a manager may now oversee more employees concurrently. The scope of a manager's authority is influenced by a number of variables, including the nature of the work, the manager's skills, the skills of the personnel under management, and the manager's duties. It comes in two flavors, such as a narrow and a wide control span. When a manager is in charge of between two and four employees, it is deemed to be narrow.
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If the opportunity cost rate is 12 percent, compounded annually, what is the present value of $8,200 due to be received in 8 years?
The present value of opportunity cost rate is $3,256 Opportunity cost is the profit that is forfeited when one option is chosen over another. Return on the Most Profitable Investment - Return on Investment Pursued.
8,200 × 12 percent - 8 = $3,256How are opportunity costs assessed?By contrasting the returns from two possibilities, an investor figures out the opportunity cost. This may be accomplished by projecting future returns throughout the decision-making process. The opportunity cost can also be determined in retrospect by evaluating results since the choice was taken.To Learn more about Opportunity cost, click the links.
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The price of a share of common stock is equal to the present value of all ______ future dividends.
The price of a share of common stock is equal to the present value of all expected future dividends.
The market price per share of stock, or the "share price," is the most recent price that a stock has traded for.
It is a function of market forces, occurring when the price a buyer is willing to pay for a stock meets the price a seller is willing to accept for a stock.
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In one day madison laundry washed 4,000 pounds of laundry with 5 workers who each worked 8 hours. what was its productivity?
The productivity is 100 pounds of laundry per hour .
4000÷5÷8 = 100
What is productivity ?A common definition of productivity is the ratio of input volume to output volume. In other words, it assesses how effectively an economy uses labor and capital as production inputs to create a particular amount of output.
An evaluation of a worker's or group of workers' efficiency is known as employee productivity, also known as workforce productivity.
Being able to create, especially quickly and with excellent quality, is a sign of productivity. How quickly toys can be produced in a toy factory is an illustration of productivity.
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A standby underwriting arrangement in conjunction with a rights offering gives the firm an alternative avenue of sale to ensure the ______ of the rights offering.
A standby underwriting arrangement in conjunction with a rights offering gives the firm an alternative avenue of sale to ensure the Success of the rights offering.
Underwriting Agreement:
A contract known as an underwriting agreement is made between the issuing company of a new securities issue and a group of investment bankers known as an underwriting group or syndicate. The underwriting agreement's goal is to minimise potential conflict by ensuring that each participant is aware of their role in the process. The underwriting contract is another name for the underwriting agreement. The underwriting agreement could be viewed as a contract between the company issuing the new securities and the underwriting organisation, which has agreed to buy the issue and resale it for a profit.
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Why does the equilibrium price of oil fall by only a small amount with anwr oil production? the price of oil falls by only a small amount because:_________
The price of oil falls by only a small amount because: if ANWR oil is sold would not change substantially if our estimates of the elasticities of supply. The degree of supply elasticity indicates how well a producer can adjust to variations in demand. It can be impacted by a variety of things.
What three forms of supply elasticity are there?Perfectly elastic, elastic, unit elastic, inelastic, and perfectly inelastic supply are the several forms of supply elasticity. At some price, the price elasticity of a completely elastic supply curve is infinite.To learn more about Elasticities of Supply, Click the links.
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What is the effect of an accrued expense (such as salaries expense) adjustment on the income statement and the balance sheet? (check all that apply.)
A liability (such as salaries payable) will be increased. Expenses are increased. Net income is reduced.
What is liability?What a person or business owes is known as a liability, and the amount owed is typically monetary. The transmission of economic rewards, such as money, products, or services, settles liabilities over time. Having to pay anything to someone else under the law is known as having a liability. To pay for a business's continuous operations, liabilities are incurred. Accounts payable, accumulated costs, owed wages, and owed taxes are a few examples of liabilities.
What your business has that has the potential to generate future financial benefits are its assets.
What you owe other people is your liability. To put it simply, assets increase your financial security while liabilities decrease it.
Obligations aren't always a terrible thing. Some loans are taken out to buy new equipment, such as machinery or automobiles, which aids small businesses in running and expanding.
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Cost of goods sold account is debited and finished goods inventory is credited for.
For the sale of goods to a customer the cost of goods sold is debited and finished goods inventory is credited.
Cost of goods sold is the amount (total) your business paid as a cost directly related to sale of products. Business may include products that are purchased for resale purposes or it could incur direct cost of producing products that is known as cost of goods sold.
When goods are sold to any customer, the cost of goods sold is debited and with the same value the finished goods inventory is credited.
For example, a company sells $2,000 worth of goods to a customer, and the sales price is $2,200. The customer pays by cash the full value of the goods. The journal entry would be:
Account Debit Credit
Cash $2,200
Sales Revenue $2,200
Cost of Goods Sold $2,000
Finished Goods Inventory $2,000
A debit to cost of goods sold represents an increase in the expenses that are deducted from revenues to get the gross profit and net income for the period.
A credit to finished goods inventory depicts a decrease in the cost of inventories that are available for sale, reported under total assets.
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A taxpayer paying his 10-year-old daughter $50,000 a year for consulting likely violates which doctrine?
A taxpayer paying his 10-year-old daughter $50,000 a year for consulting likely violates the constructive receipt doctrine.
This is further explained below.
What is constructive receipt doctrine.?Generally, When a money taxpayer receives gross income for federal income tax purposes, the theory of constructive receipt is applied to make this determination.
If a taxpayer has complete discretion over deciding when certain types of income will or should be paid, that person is liable for tax in the current year.
In conclusion, If a taxpayer gives his daughter, who is only ten years old, fifty thousand dollars a year for consulting work, the taxpayer has most certainly violated the constructive receipt law.
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These financial conglomerates provide a range of services, such as investment banking, commercial banking, and financial advising.
Financial Services Corporations: this is a financial conglomerate that provides a range of services, such as investment banking, commercial banking, and financial advising.
This is further explained below.
What is financial advising.?Generally, A specialist who offers customers a variety of financial services after analyzing their current monetary circumstances is known as a financial consultant or financial advisor.
In order to give advice to clients, financial advisors are required to have completed specialized training and to be registered with the appropriate regulatory authority in many countries.
A company that provides a comprehensive array of financial services, such as investment banking, brokerage operations, insurance, and commercial banking, all under one roof.
In conclusion, Financial Services Corporations are a kind of financial conglomerate that offers a variety of services to their customers.
These services include investment banking, commercial banking, and financial advisory services.
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complete question
These financial conglomerates provide a range of services, such as investment banking, commercial banking, and financial advising.
What type of financial Institution?
A $1,000,000 lottery prize pays $50,000 per year for the next 20 years. If the current rate of return is 4.5%, what is the present value of this prize?
The present value of this lottery prize has an amount of P = $650,396.82.
What is ordinary annuity?Ordinary annuity is defined as the process by which payments are made at the end of each period, in order to determine the present value under this analysis we must use the following equation:
P = R[1-(1-(1 +i)ⁿ/ i]
Where:
P : Is present valueR : is the payments at the end of the periodn : is the number of periodsi : is the interest rateWe substitute the values in the equation described:
P = $50000[1-(1 + 0.045)²⁰/ 0.045]
P = $650.396,82
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The economic order quantity is an example of cycle inventory. true false
The answer is false. The economic order quantity is an example of cycle inventory.
What exactly is an economic order quantity?Companies determine their optimal order size by performing a calculation known as the economic order quantity (EOQ), which enables them to satisfy demand without going overboard. For the purpose of reducing holding costs and surplus inventory, inventory managers compute EOQ.
It refers to the ideal quantity of inventory that a business should buy to fulfil demand while lowering holding and storage expenses.
Optimal EOQ guarantees that the product is on hand when you need it or when something is needed for a client order, enabling you to ship the order promptly and keep the customer satisfied. This should enhance consumer satisfaction and might boost revenue.
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