The correct answer is (a) true.
Compared to financial accounting, management accounting favors emphasizing timeliness while placing less focus on accuracy.
Where does a management accountant work?Governmental organizations, private enterprises, and public companies all employ management accountants. Cost accountants, managerial accountants, industrial accountants, private accountants, and corporate accountants are other names for these experts.
Despite the fact that there are twelve different accounting disciplines, three main forms of accounting are recognized by McAdam & Co. These include financial accounting, managerial accounting, and tax accounting.
Which four managerial accounting areas are there?The primary goal of managerial accounting, which primarily consists of four major functions:
(1) budgetary planning,
(2) cost discovery,
3) cost and profit analysis, and
(4) financial reporting,
is the preparation of these data and reports.
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Initially you are going to work with a buyer as a transaction broker. before showing property you will provide the buyer with a:____.
Initially you are going to work with a buyer as a transaction broker, before showing property you will provide the buyer with a prospectus.
Prospectus is a legal document in which all the details are described about the organisation or the workplace associated. A transaction broker would keep all the details regarding the things he she is dealing with the third party organisation.
A proforma is been provided to the third party to assist in the relativeness, place and the amount which is to be considered while negotiating property.
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Windswept, incorporated, has 520 million shares of stock outstanding. its price-earnings ratio for 2021 is 20. what is the market price per share of stock?
$31.61 has been determined as the market price per share.
There are 570 million shares outstanding in this case. Additionally, the 2010 net income or earnings were $1,201.
The formula for EPS is (Net income - Preferred stock dividends) / the number of outstanding shares.
= ($1,201,000,000 - $0,000,000) / 570,000,000
= $2.11
Additionally, the market price per share divided by earnings per share gives the price-earnings ratio (15)
The market price per share is as a result:
= 15 times the price per share
= 15 x $2.11
= $31.61
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Property, plant, and equipment and intangible assets are typically classified as _____ assets.
Property, plant, equipment, and intangible assets are typically classified as Fixed assets.
What are fixed assets?Fixed assets provide the business with long-term financial gain because of their prolonged useful lives. Fixed assets, often known as capital assets, are identified by the line item Property, Plant, and Equipment on the balance sheet. It is challenging to convert fixed assets into cash.
A company aims to use fixed assets in the long run to generate income."Property, plant, and equipment" is the most common term for fixed assets.A current asset is one that will likely be used or sold for cash within the next year.Noncurrent Assets also comprise intangibles and long-term investments in addition to fixed assets.Intangibles are amortized, whereas fixed assets are subject to depreciation to account for the decrease in value as the assets are utilized.To know more about fixed assets, visit:
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What are some key benefits of soliciting project proposals from stakeholders throughout, and possibly outside, the company?
Some key benefits of soliciting project proposals from stakeholders throughout, and possibly outside, the company are options A. a request for proposal (RFP) can be used to take a concept and ask an outside company to develop the project and B. good ideas are not just limited to upper management.
What are project proposals?A project proposal is a written document showcasing all that which stakeholders should know about a project, such as the timeline, budget, purpose, and goals. One's project proposal should give a brief details of the project and interesting such that stakeholders can accept the initiative.
Therefore, the correct answer is as given above
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The complete question goes thus:
what are some key benefits of soliciting project proposals from stakeholders throughout and possible outside the company?
a. a request for proposal (RFP) can be used to take a concept and ask an outside company to develop the project
b. good ideas are not just limited to upper management
c. project management offices and/or portfolio offices are all that are needed
Studies show that approximately blank______ percent of the new products that are launched go on to fail in the marketplace.
According to studies, almost 40% of newly introduced products eventually fail in the marketplace.
What exactly is a marketplace?
The market is an online marketplace that connects sellers and buyers through stimulating discussions and distinctive goods. It costs nothing extra for anyone with an active account to sell or purchase goods.
Well-known marketplaces attract a lot of traffic and users. They, therefore, have a large potential revenue stream.
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The primary source of federal power to regulate business is the:_______
a. commerce clause.
b. privilege and immunities clause.
c. contract clause.
d. supremacy clause.
The primary source of federal power to regulate business is the: commerce clause
What is commerce clause?
The U.S. Constitution's Article 1, Section 8, Clause 3 is referred to as the Commerce Clause. the authority to "regulate commerce with foreign countries, among the various states, and with India," according to the U.S. Constitution.
Significant and ongoing debate about the distribution of power between the federal government and the states has resulted from Congress's repeated use of the Commerce Clause as justification for exercising legislative authority over state and citizen actions. In the past, the Commerce Clause was seen as both a grant of power to Congress and a limitation on the power of the States to regulate themselves.
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As an example of a trade-off decision faced by an operations manager, more options for customization of a laptop will lead to:___
An operations manager may have to choose between increasing the customization possibilities for laptops and increasing costs for the business, which is an example of a trade-off decision.
One quality, quantity, or characteristic of a set or design may be lowered or lost in return for gains in other areas, which would be known as a trade-off. In basic English, a tradeoff happens when something improves but something else must worsen.
Simple physics is one of the numerous sources of limitations. For instance, only a certain amount of objects may fit in a space, thus a container that is currently full must be cleared of some items until it can store any more. Vessels may, however, transport a number of little goods.
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The value of information is directly linked to how it helps decision makers achieve their organization’s _____.
The value of information is directly connected to how it helps decision makers achieve their organization’s goals.
How to achieve organization’s goal?Organizational goals are strategic objectives that the management of a company sets in order to describe anticipated results and direct employees' efforts. Organizational goals can be divided into three categories: individual, team, and corporate. These objectives all have set deadlines for completion. These objectives frequently have longer time horizons than others.
Goals aid in the definition of a company's mission, promote corporate expansion, and help it meet its financial objectives. A corporation can monitor its progress and identify the tasks that need to be addressed to achieve those business goals by setting specific organisational goals. Organizational goals are quantifiable targets that are established to assist a company in achieving objectives like increased revenue, improved client satisfaction, a greater market share, staff retention, or innovation in the products and services it offers.
Hence, The value of information is directly connected to how it helps decision makers achieve their organization’s goals.
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Covering up incidents, abusing sick days, lying to a supervisor, taking credit for a colleague's ideas, and inflating grades on a résumé are examples of
Covering up accidents, taking advantage of sick days, telling lie to the boss, appropriating a coworker's ideas, and exaggerating grades on a resume are some examples of unethical actions.
A candidate for a job creates a formal document called a résumé that outlines their qualifications for the position. A resume is typically accompanied with a personalized cover letter in which the applicant expresses interest in a certain job or company and highlights crucial details from the CV.
The term "unethical behavior" refers to conduct that deviates from societal norms or is seen negatively by the general public. The exact opposite of unethical activity is ethical behavior. The public accepts ethical behavior because it adheres to the majority of societal standards.
One of the biggest problems in today's society is the prevalence of unethical behavior, which includes lying, cheating, organizational misbehavior, and many other types. Extreme incidents and expensive frauds are frequent, as the media frequently emphasizes.
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During the year, a company had $100,000 in revenues, $40,000 in expenses, and paid $3,000 in dividends. these items caused retained earnings to:_________
During the year, a business had $100,000 in revenues, and $40,000 in expenses, and paid $3000 in dividends. The yield of these items caused total stockholders' equity to grow by 57,000.
100,000-40,000-3000= 57000
How are consolidated retained earnings calculated?Consolidated retained earnings are calculated by counting two figures: the first is the parent's individual kept earnings and the second is the parent's share in the subsidiary's post-acquisition retained earnings.
Annual net income minus the net difference in retained earnings = dividends paid.
The yield of these items generated total stockholders' equity to increase by 57,000.
100,000-40,000-3000= 57000
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One reason that economists use microeconomics as the basis of macroeconomic analysis is:_________
One reason that economists use microeconomics as the basis of macroeconomic analysis is that all choices are made by individuals and firms.
What is the difference between microeconomics and macroeconomics?Microeconomics
Microeconomics is the study of how individuals and organizations allocate resources and set the prices at which they exchange products and services. It takes into account government laws, regulations, and taxes.
Supply and demand as well as other factors that affect price levels in the economy are the main topics of microeconomics. It approaches economic analysis from the bottom up. In other words, the goal of microeconomics is to comprehend human actions, choices, and resource allocation.
Macroeconomics
On the other side, macroeconomics examines a nation's behavior and how its policies affect the economy as a whole. Because it examines entire economies and industries rather than specific people or companies, it is a top-down approach. It aims to provide answers to issues like "What should the inflation rate be?" and "What spurs economic growth?"
Macroeconomics examines how changes in net exports affect a country's capital account or how the unemployment rate affects gross domestic product (GDP).
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You manage a farm equipment supply store in iowa. Use the price of soybean futures as a signal, an incentive, and as a source of information to help make better business decisions by answering the following questions. Soybean futures are:___.
A. investments into soybean farms where farmers pay a dvidend to investors who whole soybean futures. B. loans that buyers take out in order to buy soybeans at a low price, hold them for a short time, and sell them at a higher price to pay back their initial loan while still earing a profit. C. contracts where a buyer agrees to purchase soybeans at a specific time in the future. The price of soybean futures has increased over the last three months. as a soybean equipment supplier, how should you respond? A higher futures price indicates that farmers expect to be able to sell soybeans at____price in the future. You should____the amount of soybean farming equipment you plan on supplying to the market.
You manage a farm equipment supply store in iowa. Use the price of soybean futures as a signal, an incentive, and as a source of information to help make better business decisions by answering the following questions. Soybean futures are option C. contracts where a buyer agrees to purchase soybeans at a specific time in the future.
The price of soybean futures has increased over the last three months. as a soybean equipment supplier, how you would respond is that A higher futures price indicates that farmers expect to be able to sell soybeans at higher price in the future. You should increase the amount of soybean farming equipment you plan on supplying to the market.
Who is a store manager?A store manager also known as a retail manager is an individual that is highly responsible for the day to day activities (controlling and fulfilling duties) of a store. All employees working in the store report to the store manager. A store manager reports to a district/area or general manager.
Therefore, the correct answer is as given above
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Answer:
Option C
A higher futures price indicates that farmers expect to be able to sell soybeans at higher price in the future. You should increase the amount of soybean farming equipment you plan on supplying to the market.
Explanation:
Option C is correct because a contract is a bet on a future price.
A higher future price indicates there will be a scarcity and more soybean would need to be supplies
Companies progress through the stages of a business-stakeholder relationship in what way?
Describing the involvement, influence, and areas of interest of each stakeholder in the project. approving the method of engagement to be used. Up until the project is finished, managing the ongoing relationship and making adjustments as necessary.
The method by which you manage your relationships with your stakeholders is known as stakeholder management. It entails methodically locating stakeholders, assessing their requirements and expectations, and organising and carrying out various actions to interact with them.
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Sales on account amounted to $80,000. sales returns were $2,000 and sales discounts were $1,000. cost of goods sold amounted to $45,000. based on this information the amount of gross margin was:_________
In this case the amount of the gross margin will be $32000.
The Formula to calculate Gross Margin is -
Gross Margin=Net Sales−COGS
where-Net sales = gross sales – returns – allowances – discounts
COGS=Cost of goods sold
As here Sales amount = $80,000
sales returns w = $2,000
sales discounts = $1,000
cost of goods sold amount = $45,000
allowances = 0
Therefore Net sales = gross sales – returns – allowances – discounts
Net sales =$80,000 -$2,000-$1,000
Net sales = $77000
Now to calculate Gross Margin
Gross Margin=Net Sales−COGS
Gross Margin = $77000-$45,000
Gross Margin =$32000
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A high water mark is a limiting factor of hedge fund manager compensation. this means that managers can't charge incentive fees ________.
A high water mark is a limiting factor of hedge fund manager compensation. this means that managers can't charge incentive fees When a fund falls and does not recover to its previous high value.
What Is a High-Water Mark?
The largest peak in value that an investment fund or account has experienced is known as a high-water mark. This phrase is frequently used in relation to performance-based compensation for fund managers. The high-water mark makes that the management is not compensated significantly for subpar performance. Before obtaining a performance bonus from the assets under management, the manager must raise the fund over the high-water level if it loses money over a period of time (AUM).The highest value an investment account or fund has ever attained is referred to as a high-water mark.
A high-water mark is frequently used as a boundary to establish how much a shareholder must pay in performance fees. The intention is to shield investors from having to pay a fee for subpar performance as well as from having to pay a fee repeatedly each time the fund is profitable. With a high-water mark, the investor only pays a charge equal to the money the fund made between the time it was created and when it reached its highest level.
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Employers find that many college graduates are not career-ready in ________, skills that employers are looking for.
Employers find that many college graduates are not career-ready in Critical thinking, written communication, and evaluating information skills that employers are looking for.
What are skills?Skills can be described as the expertise or talent that is been acquired so that a job or task can be done .
It should be noted that Job skills allow one to do a particular job , hence Employers find that many college graduates are not career-ready in Critical thinking, written communication, and evaluating information skills that employers are looking for.
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______is a type of non-profit that centers on philanthropic goals as well as social well-being.
A benevolent organisation is a business or non-profit whose main goals are philanthropy and social welfare (e.g. educational, religious or other activities serving the public interest or common good).
A nonprofit organisation (NPO) is one that is motivated by commitment to a particular cause rather than by a desire for financial gain.
A non-profit organisation is a group that was established with the intention of making a profit, and in which no part of the organization's revenue is given to its directors, officials, or members.
This company uses its revenue and profits to further its primary objective, which supports its mission.
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While stock index options can be used to play the market as a whole, they are also effective in protecting equity portfolios against falling markets.
a. true
b. false
The correct answer is true.
The right to trade a certain stock index at a set price by a defined expiration date is offered by a stock index option. You have the choice to purchase or sell an index of stocks, if you have a call option on the index or a put option on the index.
When the market is down, which option should you buy?When stock market decline worries an investor, they could purchase put options. This is due to the fact that a put, which gives the buyer the right to sell the underlying asset at a fixed price for a specified period of time, will normally appreciate in value when the value of the underlying asset declines.
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A buyer is purchasing a property for $400,000. His loan-to-value ratio is 80%. The lender also charges a 1% loan origination fee. How much is the loan origination fee?
The loan origination fee = $3200
Given:
Purchasing price of property = $400,000.
Loan-to-Value Ratio= 80%
Loan-to-Value Ratio= 0.80
Loan-to-Value ratio = (Loan amount)/( Value of property)
0.80 = (Loan amount)/(400000)
Loan amount= 0.80 x 400000
Loan amount=$ 320,000
Origination fee = 1% of (Loan amount )
= 0.01 x ( 320000)
= $3200
Hence, the loan origination fee = $3200
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The maximum fine for driving and drinking an alcoholic beverage is:________
a. $200
b. $50
c. $1,000
d. $500
The maximum fine for driving and drinking an alcoholic beverage is 1000$
Therefore, the correct option is C. $1000
Alcoholic Beverage Punishments
Alcoholic Beverage
DUI, also referred to as Alcoholic Beverage, is a form of moving violation that happens when a driver is under the influence of alcohol or another dangerous substance. If someone is caught driving after drinking, they may face jail time, fines, or a suspension of their license.
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Why do people specialize and trade? with specialization and trade, people can _______.
Greater economic efficiency, favorable effects for consumers, and expansion prospects for industries with a competitive edge are all advantages of specializing and trading.
In order to increase efficiency, specialization is a method of production whereby an organisation concentrates on producing a small range of items.
Trade and specialization enable people to consume goods outside the boundaries of their personal production capacities and assist them in producing those goods at a lower opportunity cost than rivals.
Producers can profit from specialization and commerce thanks to the comparative advantage theory. People and nations become more efficient and productive by manufacturing items or services with the lowest opportunity cost and then trading with other countries.
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Training is a key element for an organization pursuing a commitment based hr strategy. .
The statement is True.
Training is a key element for an organization pursuing a commitment that is based on hr strategy.
Training is a vital element existing in an organization for the purpose of pursuing a commitment that is based purely on HR strategy. This course will use training for building knowledge, skill as well as attitudes so that employees can work quickly and flexibly as well without waste of time. In order to enhance the transfer of the learning program, training should have developed and delivered by those who are specialized in training.
Training along with development is one of the major functions included in the department of human resource management. It refers to a systematic order of setup where employees are instructed well to proceed further and taught technical knowledge-related matters on behalf of their jobs.
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The given question is incomplete, the correct question is :
Training is a key element for an organization pursuing a commitment-based hr strategy. True or false?
A $150 petty cash fund has cash of $44 and receipts of $93. the journal entry to replenish the account would include a:_________
A $150 petty cash fund has cash of $44 and receipts of $93. the journal entry to replenish the account would include a credit to cash over and will be short for $42.
Minimal amounts of cash, typically no more than a few hundred dollars, are stored on the premises of a business or firm to cover small costs and needs. Petty cash is simple to grasp and use, but it is also abuseable, simple to lose track of, and susceptible to theft.
Petty cash is a present asset, yes. Any asset that will bring about financial gain within a year is considered a current asset. Petty cash is the term for the easily available spending money that a business possesses. It is regarded as a current asset because it is capable of delivering an economic benefit as is.
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The stage in which product ideas are presented to groups of target consumers physically or symbolically is referred to as ________.
The stage in which product ideas are presented to groups of target consumers physically or symbolically is referred to as concept testing.
Who are the target consumers?The person who is most likely to buy your product is your target consumer and it's a subset of the broader target market. A target market is a collection of clients with similar populations who have been chosen as the company's most likely purchasers for its products or services. Identifying the target market is important in the development and implementation of a successful marketing plan for any new product. For instance, if female athletes between the ages of 13 and 25 make up your target market, female athletes between the ages of 13 and 16 might be your ideal target consumer.
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Davis hardware company uses a perpetual inventory system. how should davis record the sale of merchandise, costing $690, and sold on account for $1,100?
The hardware company gets the amount for accounts receivable and Sales revenue for $1,340 and Cost of goods sold and Inventory for $810. Thus, option B is correct.
What is inventory?All the commodities, equipment, and supplies that a company keeps on board in anticipation of reselling these for such a profit are referred to as inventory.
The accounting equation of the following will be:
Accounts receivable $1,340
Sales revenue $1,340
Cost of goods sold $810
Inventory $810
Therefore, option B is the correct option.
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Capital needed for company activities cannot be acquired through: ______
a) stocks and bonds
b) current debt profits
c) arbitrarily firing employees
Correct option is C. Capital needed for company activities cannot be acquired through arbitrarily firing employees.
What is meant by at-will employment?
At-will employment is defined by US labor law as the right of an employer to fire an employee without cause (i.e., without having to provide "just cause" for termination) and without prior notice, so long as the reason is legal (e.g., not firing an employee due to their race, religion, or sexual orientation).
Courts reject any claims for damages resulting from a dismissal where an employee is recognized as having been hired "at will." The practice is viewed as unjust by people who believe that the work relationship is marked by an imbalance of bargaining power because an employee may also be entitled to quit their job without cause or notice.
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If a company fails to make an adjusting entry to record accrued expenses, the liabilities and net income will be overstated.
true/ false
'If a company fails to make an adjusting entry to record accrued expenses, the liabilities and net income will be overstated.
This statement is True.
In financial accounting, a liability is defined as a future waiver of economic benefits that a firm needs to provide to another firm as a result of past transactions or other past events.
Responsibilities can be defined in several ways. However, in actuarial calculations, liability term generally refers to the average (or mean) useful life of the liability. In other words, it refers to the average number of years it takes to pay off the debt.
Companies with liquidity problems can use debt to improve their liquidity. Most small businesses don't have enough cash to grow their business.
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If a negative externality results from the refining of oil, the cost of production as seen by the oil refinery:_____.
If a negative externality result from the refining of oil, The cost of production as seen by the oil refinery does not include the external cost.
What is the cost of production?The total costs incurred by a business to deliver a service or produce a specific number of goods or services are referred to as the cost of production. Costs for labor, raw materials, and consumable supplies could all be accounted for in the production budget. The term "cost of production" in economics refers to the price paid to acquire the production factors—such as labor, land, and capital—necessary for the manufacture of an item. A motor vehicle tire, for instance, may include production costs that cover the cost of rubber, labor to make the product, and numerous manufacturing supplies. The material costs of providing the service and the labor expenses paid to staff tasked with doing so may be included in the service sector's production costs.
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N addition to industrial and reseller markets, organizational markets include ________ ones.
Answer: government
Explanation:Organizational buyers include all buyers except ultimate consumers.
What organization in 1641 conducted the first fund raising effort documented in the united states, including the first of countless public relations pamphlets and brochures?
Harvard College in 1641 conducted the first fundraising effort documented in the U.S., includign the first of countless PR pamphlets and brochures.
What is fundraising ?To be able to carry out their programmes, non-profit making organisations, such as NGOs, foundations, associations, collectives, etc., engage in fundraising, which is the process of obtaining voluntary donations of money or other resources.
The first stage in administering and carrying out an NGO's chosen and anticipated programmes and activities is to raise money. Most often, NGOs are established to raise money for various causes and programmes, for which the organization's founders and members set up, register, and manage the organisation.
You can get additional funding through fundraising, which will help your organization's work and give its members new chances. It may also help a member of your community who requires financial support or your entire community.
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