If Lawyers inc. accepted a $12,000 retainer for which the company agreed to provide services in the future. recognizing this event would: defer the recognition of revenue, cause the company's assets to increase, cause the company's liabilities to increase.
What is deferred revenue?Deferred revenue can be defined as the money or cash a company received for goods and services that was paid in advance by customers in which the service is to rendered to the customer in the future.
Hence, if the company received the amount of $2000 for a service they will provide in the future which means that recognizing this event would defer the recognition of revenue, Cause the company's assets to increase and as well cause the company's liabilities to increase.
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defer the recognition of revenue
cause the company's assets to increase
cause the company's liabilities to increase
What element of the marketing mix involves all the activities that communicate value of a product and persuade customers to buy it?
Promotion is a component of the marketing mix that includes all of the actions taken to promote the benefits of a product and persuade consumers to purchase it.
As a component of an all-encompassing marketing strategy, a marketing mix encompasses many areas of emphasis. The phrase frequently alludes to the classification known as the four Ps, which originally stood for product, pricing, placement, and promotion. Instead than focusing solely on one message, effective marketing touches on a variety of topics. This makes it easier to connect with more people, and by remembering the four Ps, marketing professionals are better able to keep their attention on the things that really important. When releasing new products or updating current ones, firms can make more strategic decisions by concentrating on the marketing mix.
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Research on ethical leadership clearly demonstrates benefits to organizations. true false
The answer is true.
The statement that research on ethical leadership clearly demonstrates benefits to organizations is true.
What is the meaning of ethical leadership?When someone leads ethically, they act in accordance with a set of values and principles that are widely accepted as providing a solid foundation for the general good. Integrity, respect, trust, fairness, transparency, and honesty are a few of them. Leadership that is ethical must be chosen intentionally. The person, the team, and the entire business may all benefit from a positive atmosphere with productive interactions when ethical leaders are in place. Positive results and advantages for moral leaders can result from nurturing the relationships at each of these levels.
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True or false: in a market system, consumers exercise consumer sovereignty, which is crucial in determining the types and quantities of goods purchased.
In a market system, consumers exercise consumer sovereignty, which is crucial in determining the types and quantities of goods purchased. TRUE
What is a consumer sovereignty?Consumer sovereignty is the economic concept that the consumer has some controlling power over goods that are produced, and the idea that the consumer is the best judge of their own welfare.
Therefore, the correct answer is as given above
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To obtain an approximate estimate of the real interest rate, one must _________ the __________ the nominal risk-free rate.
To obtain an approximate estimate of the real interest rate, one must subtract the expected inflation from the nominal risk-free rate.
What is inflation?
In the study of economics, inflation is the term used to describe a general increase in the cost of goods and services across a country. As the general price level rises, each unit of currency may buy fewer goods and services, hence inflation is linked to a drop in the purchasing power of money. Deflation, a continuous drop in the general level of prices for goods and services, is the reverse of inflation.
The equation to find an approximate estimate of the real interest rate is:
Real interest rate (approx.) = Nominal risk-free rate - Expected inflation
Therefore, in order to find the approximate estimate of real interest rate we should subtract the expected inflation from the nominal risk-free rate.
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Effective problem solving assists the acquisition community in making good business decisions. problem solving is defined as?
Problem solving is the act of defining a problem, determining the cause of the problem, identifying, prioritizing and selecting alternatives for a solution then implementing a solution.
Steps of problem solving
Identify the Problem. Analyze the Problem.Describe the Problem.Look for Root Causes.Develop Alternate Solutions.Implement the Solution.Notably, effective problem solving assists the acquisition community in making good business decisions.
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In order for a market economy to work, it is important that supply of a product must not be restricted by a producer. in other words, _____ must be banned.
'In order for a market economy to work, it is important that the supply of a product must not be restricted by a producer. in other words, monopolies must be banned.
As Irving Fisher explained, a monopoly is an uncompetitive market that creates a situation in which a particular person or firm is the sole supplier of a particular thing.
A monopoly is a situation where he is the only seller in the market. In traditional economic analysis, the monopoly case is viewed as the antithesis of perfect competition.
A monopoly is a company that is the sole seller of the product and has no substitute for it. Unregulated monopolies have market power and can influence prices. Examples: Microsoft and Windows, DeBeers and Diamonds, your local natural gas company.
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The company's goal is to earn $5 profit for every sale that's made in its stores. which key performance indicator can be used to measure the results of this goal?
Profit per sale is the key performance indicator can be used to measure the results of this goal .You may simply calculate the percentage of a sale that is profit as opposed to cost of goods sold by dividing the profit by the sales price. In a broader sense, profit margin is defined as profit divided by net sales.
What is the profit-to-sale ratio?A company's net income as a percentage of sales is calculated using the profit margin ratio. Simply said, it offers a gauge of the amount of profits produced by a company's sales. This figure is helpful for assessing how effectively an organization's finances are managed.
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Suppose japan has a comparative advantage over canada in the production of dvds. this means that japan?
It means that Japan has a lower opportunity cost of DVD production than does Canada.
What is comparative advantage?A country has a comparative advantage in the production of a good or service if has a lower opportunity cost in its production. Opportunity cost is the cost of the next best option that is forgone when the country decides to produce a good instead of another alternative.
The idea of comparative advantage was introduced by Scottish economist Adam Smith in 1776. Adam Smith believed that countries can profit by only specializing in the goods and importing goods for which they do not have a comparative advantage in.
A country that has a comparative advantage in the production of a good or service should specialise in the production of that good. Thus, in this question, Japan should specialise in the production of DVDs while Canada should import DVDs from Japan.
Here is the complete question:
Suppose Japan has a comparative advantage over Canada in the production of DVDs. This means that Japan:
needs fewer resources to produce DVDS than does Canada.
has better technology for producing DVDs than does Canada.
has a lower opportunity cost of DVD production than does Canada.
can produce more DVDs in a period of time than can Canada
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If the price elasticity of demand for a good is 4. 0, then a 10 percent increase in price results in a.
There a decrease in the quantity demanded by 40%
Given here , the price elasticity demand is 4%.
We have to calculate quality demanded by formula,
Price elasticity of demand =%change in quantity demanded/ % change in price.
= 10×40 =40%
Thus, if the price elasticity demand increases by 10%, then quantity demanded have decreased by 40% because they are inversely proportional to each other.
The quantity that consumers desire is determined by the price of an item or service in a market. When non-price elements are taken out of the equation, it follows that higher prices lead to lower quantities demanded and lower prices lead to higher quantities demanded.
In economics, the word "quantity demanded" refers to the overall amount of an item or service that consumers demand over a specific period of time. Regardless of whether a market is in equilibrium, it is dependent on the cost of an item or service.
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Staffing fluctuations associated with project completion and initiation are most likely to occur in organizations that are?
Staffing fluctuations associated with project completion and initiation are most likely to occur in organizations that are functionally structured.
Some businesses choose a functional organizational structure to better coordinate teams. Decisions and operations are handled by functional departments with specific areas of expertise.
Functional structure is a sort of business structure that arranges a corporation into separate departments depending on areas of expertise. Functional managers or department heads are responsible for managing these departments, which act as functional units. Team members in each department communicate the state of their functional areas to department leaders, who in turn communicate it to the company's senior management.
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Hiring another worker is not beneficial when the marginal benefit of hiring one more worker _____ the marginal cost, meaning that hiring another worker _____ economic surplus.
Hiring another worker is beneficial when the marginal benefit of hiring one more worker exceeds the marginal cost, meaning that hiring another worker increases economic surplus.
What means marginal cost?
Marginal cost refers to the increase or decrease in the cost of producing one extra unit or delivering one more customer. It is also known as incremental cost.
Why is marginal cost important ?
Marginal cost is an crucial factor in determining economic theory because a company that is seeking to maximize its profits will produce up to that point where marginal cost (MC) equals marginal revenue (MR).
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Mrs. peterson has a classroom made up of general education students, students with disabilities, and english learners. which teaching strategy would best benefit the english learners?
Answer:
welcome to San Andreas I'm CJ from grove Street land to Hally gang banger ahead
In the united states, the majority of new jobs are generated by _______ businesses.
In the united states, the majority of new jobs are generated by Small businesses.
Millions of professionals are employed by small enterprises across numerous industries. New businesses establish themselves every year, creating jobs that support regional economies.Not all small business concepts, though, are flexible and adaptive. Many companies had to close their doors and remake themselves in 2020 in order to continue operating in the new normal. Here is everything you need to know about the current small company landscape and the opportunities if you're considering establishing a firm this year.Though starting a business is challenging, the appropriate point of sale system may greatly simplify operations. Learn how Lightspeed can keep you productive, organized, and most importantly, lucrative by watching a free demonstration.Small businesses are corporations, partnerships, or sole proprietorships that are smaller in scale than larger firms or corporations in terms of both the number of employees and/or yearly revenue. Depending on the nation and sector, different types of businesses may be considered "small" for the purposes of applying for government assistance and being eligible for special tax treatment.To learn more about small business visit:https://brainly.com/question/17128827
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You expect to receive a $10,000 annual bonus in 12 months because of your efforts in landing a large client for your firm. How much is the bonus worth today if your opportunity cost is 3%?
By applying the formula you will get the answer, 5.128 is the bonus amount worth today if the opportunity cost is 3%
The idea behind opportunity cost is that you always have a finite amount of resources as a business owner. In other words, you can't take advantage of every chance because you have a limited amount of time, money, and experience. You must necessarily give up on the others if you choose one.
What you sacrifice / What you gain = opportunity costs
PV(-1000) FV(1350) N(6) PMT(0) CPT I/Y
Advantages lost by not taking a different path of action. The future earnings or expenses that would have been incurred if this alternative had been chosen are known as opportunity costs. This would be the alternative's lost earnings or savings if it were not picked.
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The demand curve that falero faces is identical to which of its other curves? check all that apply.
Marginal rev curve and average rev curve.
How Does the Demand Curve Look?The demand curve is a graphical representation of the relationship between the price of a good or service and the total amount demanded over a given period of time. In a typical illustration, the price will be on the left-hand vertical axis and the quantity needed will be on the right-hand horizontal axis. According to the rule of demand, when all other conditions are equal, a good's quantity demanded will decline as its price rises, as seen by the demand curve sloping from left to right.
For instance, if corn prices rise, people might be persuaded to buy less corn and swap it out for other foods, which would reduce the overall amount of corn that consumers want.
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Owned by stockholders whose liability is limited to the amount they have invested in the business.
Owned by stockholders whose liability is limited to the amount they have invested in the business Corporation.
What is business corporation?
A corporation is a collection of people or a business that has been given legal status as a single entity by the state and is used for specific legal purposes. Early corporations were created with a charter. The majority of governments currently permit the registration of new corporations.
therefore,
Owned by stockholders whose liability is limited to the amount they have invested in the business Corporation.
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The study of individual choice and its implications for the behavior of prices and quantities in individual markets is?
The study of individual choice and its implications for the behavior of prices and quantities in individual markets is Microeconomics.
What is Microeconomics?A subfield of conventional economics called microeconomics examines how people and businesses respond when deciding how to distribute scarce resources and how these people and businesses interact with one another.In order to forecast how people would conduct in specific circumstances involving economic or financial transactions, microeconomics applies a set of fundamental principles. The laws of supply and demand, opportunity costs, and utility maximization are some examples of these rules. Microeconomics has business applications as well.Microeconomics explains how and why different things have varying values, how people and firms conduct themselves and profit from efficient production and trading, and how people can work together and coordinate their efforts to the greatest extent possible.Learn more about Microeconomics here:
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Boeing and airbus both had to make difficult decisions to address ethical missteps. Airbus’ decision to dismiss over 100 employees due to ethics and compliance reasons is tied to which managerial role?.
Airbus' decision to dismiss over 100 employees due to ethics and compliance reasons is tied to disturbance handler
What is Disturbance handler?
In this function, a manager frequently acts as a judge, issue solution, or conflict manager in addition to initiating their own activities as necessary. Such measures aim to prevent minor issues from growing into more significant ones. When employees cannot agree on who will perform a particularly unpleasant but important task, the management must resolve the conflict. She performed the disruption handler position by taking action to correct an employee's divergence from the plan.
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A company has an inventory period of 25.1 days, an accounts payable period of 34.7 days, and an accounts receivable period of 30.5 days. what is the company's operating cycle?
The correct answer is 20.9 days.
Given here, the inventory period of 25.1 days and account recievable period of 30. 5days and account payable period of 34.7days.
Now we calculate operating cycle by the formula,
Operating cycle = Inventory period + Account receivable period - Account payable period.
Operating cycle = 25.1 + 30.5 – 34.7
Operating cycle = 20.9 days
Thus, operating cycle was found to be of 20. 9days.
The time takes for a business to purchase items, sell them, and get payment for those sales is known as an operating cycle.
Depending on the sector, an operational cycle can be any length. By providing a sense of whether or not it will be able to pay off any creditors, an understanding of a company’s operating cycle can assist establish its financial health. A shorter operating cycle is better since it indicates that the business has enough cash on hand to fund operations and recoup investments.
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If politicians continue to avoid debating the projected increases in these three entitlement programs, the fiscal imbalance will ______.
If politicians continue to avoid debating the projected increases in these three entitlement programs, the fiscal imbalance will In addition to other factors, the budget deficit is caused by Social Security and income taxes.
Benefits from Social Security and discretionary spending by the federal government both contributed to reducing the fiscal imbalance.
What is Fiscal imbalance?
When future debt commitments and income sources for a government are out of balance, there is a fiscal imbalance.The two types of fiscal imbalance that might affect a government's spending and revenue are vertical and horizontal.When revenues and expenditures for various levels of government are out of balance, this is known as a vertical fiscal imbalance.When revenues for various regions of the country do not equal expenditures, there is a horizontal fiscal imbalance.When revenues and expenditures for various levels of government are out of balance, this is known as a vertical fiscal imbalance.When revenues for various regions of the country do not equal expenditures, there is a horizontal fiscal imbalance.To know more about Fiscal imbalance visit:
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Long-term productive assets used in the normal course of business are classified as:________
Long-term productive assets used in the normal course of business are classified as Property, plant and equipment.
Property, plant and equipment or Long term assets is defined as assets which are held for more than 12 months with a purpose of future economic benefit.
It is shown on the asset side of the balance sheet.
It is also known as non current assets.
It may be tangible or non tangible asset.
Long term assets are recorded on the amount of purchase not the current value and depreciation is charged every year.
Changes in long term asset is treated as capital investment.
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Even though the garden of eden was a system for the production and distribution of goods and services, why was it not an economy?
Even though the garden of Eden was a system for the production and distribution of goods and services because everything was available in unlimited abundance.
Why is the economy important?
Economic issues promotes our daily lives. This includes issues like tax and inflation, interest rates and wealth, inequality and emerging markets, and energy and the environment.
How can we improve the economy?
Having more cash means companies have the resources to procure capital, developed technology, grow, and expand. All of these actions improve productivity, which increases the economy. Tax cuts and rebates, , allow consumers to stable the economy themselves by imbuing it with more money.
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Marginal social cost is defined as:_____.
a. marginal private cost plus opportunity cost.
b. plus marginal opportunity cost.
c. minus incidental cost.
d. plus incidental cost.
Marginal social cost is defined as the marginal private cost plus the opportunity cost.
When an extra or additional unit of a good or service this produced brings about a change in society's total cost. This change in society's total cost is called marginal social cost. This includes both the opportunity cost and the marginal private cost. So it is the total of the private cost and the external cost that the person has to pay.
Marginal private cost is the change in the total cost of the producer due to the production of an additional unit of a good or service. This cost is also known as the marginal cost of production For example if the production of a person's costs rises from$1,000 to $1,050 due to the production of this one good being produced for $50 is known as the marginal private cost.
The opportunity cost is the benefit the person would have gotten if he would have invested the money elsewhere. For example, if the person has an extra $50. He can either invest it in the business or he can invest it in the bank and get the interest. The interest money that the person has to forgo is called the opportunity cost.
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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.
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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The market interest rate related to a bond is also called the? a.face interest rate. b.contract rate. c.coupon rate. d.effective interest rate.
The contract rate is another name for the market interest rate associated with a bond.
The current interest rate provided on cash deposits is known as the market interest rate. This rate is affected by a number of variables, including as the interest rates set by the central bank, the inflow and outflow of capital, the quantity and length of deposits, and the duration of deposits. The cost-benefit ratio of the instrument was determined by the market rate, which is the rate of interest on a loan or investment that is typically offered on the market for that product. The market rate for a loan is the typical interest rate that will be assessed to the recipient by a number of lenders.
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In the closing process, ______ are zeroed out by crediting each account and ______ are zeroed out by debiting each account.
In the closing procedure, expenses and dividends are zeroed out by crediting each account, and incomes are zeroed out by debiting each account.
What is the objective of the closing process?One purpose of closing admissions is to communicate net income or net loss for the period to Retained Earnings. A second objective is to "zero out" all temporary accounts (revenue accounts, expense accounts, and Dividends) so that they begin each new period with a zero balance.
The statement of cash flows must be prepared last because it takes data from all three previously prepared financial statements.
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A company receives a utility bill for operations in may. the company does not expect to pay the bill until june. this scenario is an example of a(n):________
A company receives a utility bill for operations in may. the company does not expect to pay the bill until June. this scenario is an example of an accrued expense.
What is an accrued expense?In accounting, the accrued expense can be defined as the expense that is known to have happened or be recognized in the accounting books before it was paid.
These are the liabilities that have not yet being logged under the accounts payable. Hence we can say that if a company receives a utility bill for operations in may. the company does not expect to pay the bill until June. this scenario is an example of an accrued expense.
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Manufacturing overhead ______. multiple select question.
a. contains fixed costs
b. consists of many different types of costs
c. is an indirect cost
d. is directly traceable to units produced
Answer:
B. consists of many different types of costs
Manufacturing overheads is such cost that consists of many types of costs, and is also directly traceable to the number of units produced. Therefore, the options B and D hold true.
What is the significance of manufacturing overheads?Manufacturing overheads can be referred to or considered as the overheads that are incurred by a producer in the process of manufacturing the units to be sold in the business. These costs are incurred for the purpose of profit-making.
The overheads of manufacturing consist of different types of costs, and division of the incurred overheads by the total manufactured units will give an idea of the per-unit cost for the firm.
Therefore, the options B and D hold true and state regarding the significance of manufacturing overheads.
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The pressures that industry suppliers can exert on an industry's profit potential, is also called the?
The pressure suppliers may put on firms by rising prices, deteriorating quality, or restricting availability of their products is referred to as supplier power in Porter's five forces model.
What exactly is competitive conflict?Competitive rivalry is a gauge of how fiercely existing companies compete with one another. Intense competition can reduce earnings and force businesses to take action to be competitive, such as lowering prices, spending more on advertising, or investing in new services and products.
What is determined by Porter's five forces model?Understanding the strength of an organization's existing competitive position as well as the strength of a position that an organisation may attempt to move into is helpful.
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According to the eight-stage model of planned organizational change, a change process includes:______.
According to the eight-stage model of planned organizational change, a change process includes: unless people see positive results of their efforts, motivation can wane during a major change project.
What are the stages of The Eight-Stage Process of Creating Major Change ?
These are the stages:
1. Create a Sense of Urgency
2. Putting together the Leadership Group
3. Vision and Strategy Creation
4. expressing the change's vision
5. Aligning the Organization or Enabling Wide-Reaching Action
6. Creating Quick Success
7. Increasing change and consolidating gains
8. Introducing innovative strategies into culture
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