The failure to properly record an adjusting entry to accrue a revenue item will result in an.

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Answer 1

The failure to properly record an adjusting entry to accrue a revenue item will result in an understatement of revenues and an understatement of assets.

Revenues is the overall amount of profits generated with the aid of the use of manner of the sale of goods and services associated with the number one operations of the monetary corporation. Business profits can also be known as earnings or as turnover. A few companies receive sales from interest, royalties, or excellent charges.

The crucial income definition is the general amount of cash delivered in with the useful aid of a commercial enterprise agency's operations, measured over a fixed quantity of time.

An organization's revenue is its gross profits earlier than subtracting any expenses. Earnings and normal earnings outline earnings—it's far the monetary gain through profits and/or offerings rendered.

Revenue, in economics, the earnings that a company receives from the sale of an amazing or service to its clients.

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Related Questions

According to the growth-share matrix, __________ are high-share, high-growth products. when the market growth slows these products become __________.

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According to the growth-share matrix, STARS are high-share, high-growth products. when the market growth slows these products become CASH COWS.

What does marketing's growth share matrix mean?The reasoning behind the growth share matrix is that market leadership yields greater profits that are sustainable. In the end, the market leader achieves a cost advantage that is tough for rivals to match. The markets with the most development potential are then indicated by these high growth rates.

Building a Growth-Share Matrix

Build a matrix. Make a grid of two by two boxes.Establish categories. Put a dog in the lower right box, a question mark in the upper right box, a cow in the lower left box, and a star in the upper right box.Include labels.Determine your finances.Make judgments.

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The element of the marketing mix demonstrated when an art gallery suggests a $2 donation at the door is:________

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Price is the marketing mix component that is on display when an art gallery requests a $2 entrance donation.

Since art is a means of portrayal, the artist can use it to compel the viewer to reflect on the subject matter being portrayed. A donation request that is too low will imply that you lack faith in your capacity to address the issue and that it is urgent, while a donation request that is too high will turn off the supporter. In order to raise money without putting a strain on the supporter's finances of price, charities frequently make suggestions that are neither too low nor too high. As a result, it is the Price mix.

A price is the amount of money that one party pays another in exchange for products or services; it is typically not negative. The cost of production might take on numerous names depending on the circumstance. If the item is a "good" in a commercial transaction, the cost of the item will probably be referred to as its "price". There will be other potential names for this product's name if the thing is a "service," though.

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Talk to a 40-year-old business professional with a family that includes a spouse and children. This person can be a family member, friend, or mentor. List and describe the savings, investments and risk management strategies for this phase of life. Describe how financial planning has changed from the earlier phase of life.


If you do not answer and put a blank answer I will report

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The financial planning will differ for the person according to their age. A person who is 40 years older would have money only from his savings. The 40-year-old person is retired and would only have money available for living from the saving he had made while he was working.

The risk management officer should consider the investments by considering his available savings. He should also consider the money required for living as there is no other source of income. The risk appetite for such an old-aged individual will be low. He must be risk averse in the situation of retirement. The financial planning strategies change for the person over the different phases of life. When a person is young and starts the job at age of 25 he might take excessive risks for getting extra returns. He is young and energetic and has the ability to work part-time along with his routine job to earn extra money.

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Carlos has been asked to evaluate new opportunities that his company can take advantage of while also investigating potential threats to its product line. carlos should use a(n)_______ to complete his task.

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If Carlos has been asked to evaluate new opportunities that his company can take advantage of while also investigating potential threats to its product line, Carlos should use the SWOT analysis to complete his task.

What is the SWOT analysis?

SWOT analysis is a form of business analysis that involves the examination of the Strengths and Weaknesses of certain decisions and the Opportunities and Threats that a business might encounter because of adopting certain approaches.

Carlos should adopt this approach when trying to resolve this issue. With this method, he will be able to identify threats and weaknesses and strengths, and weaknesses.

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Understanding that arab businessmen tend to stand face-to-face when holding a conversation reveals the importance of understanding another culture's use of:_______.

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Understanding that arab businessmen tend to stand face-to-face when holding a conversation reveals the importance of understanding another culture's use of: body language.

What is body language?

Body language can be defined as the ways use by people to express themselves when communicating  or interacting  with others.

People tend to make use of different body language during communication example of this body language includes the following:

Body postureFacial expressionEye contactGestures etc.

When people face each other face to face  when communicating they are displaying what is called body language.

Therefore understanding that arab businessmen tend to stand face-to-face when holding a conversation reveals the importance of understanding another culture's use of: body language.

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Generally, all stakeholders agree that there is a problem and on what the problem is before beginning the dmaic process. True or false?.

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Before starting the DMAIC process, most stakeholders are in agreement that there is a problem and what the problem is.

The given statement is false:

The DMAIC manner · define the trouble, development interest, possibility for improvement, the project dreams, and client (internal and external) requirements.

determine the vital factors to your commercial enterprise method's success. To gauge the effectiveness of the method, define manner metrics. you can decorate this procedure' performance the usage of the six sigma method. A rational, organized technique to enhancing corporate operations is six sigma.The Greek letter "Sigma," utilized in information, expresses how far a manner deviates from best conduct. Sigma is every other call for the manner's general deviation from the mean. An organization can use the Six Sigma system to count the "defects" in a procedure, discover approaches to get rid of them, and as carefully as possible to "0 defects"increasing the effectiveness and nice of the employer presents demanding situations for managers. to be able to prevail, they ought to put the great method and tools for system evaluation and manage into use. The pinnacle The procedure ought to be improved which will improve the final results.

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Why it it not working the app?

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1,2,3,6

this is what i would choose of course

not sure how to explain it though

Cumulative preferred stock carries the right to be paid both current and all prior periods' unpaid dividends before any dividends are paid to common shareholders. True or false

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Cumulative preferred stock carries the right to be paid both current and all prior periods' unpaid dividends before any dividends are paid to common shareholders. -----True

How do preferred stocks work?

Preferred are issued with a fixed  value and pay dividends based on a percentage of that par,  at a fixed rate. As same as  bonds, which also make fixed payments, the market value of preferred shares is very common to changes in interest rates. If interest rates increases, the value of the preferred shares decreases.

What are the advantages of preferred stock?

The advantages of preferred stock normally has greater and more regular dividends, it is less volatile in compare to  common stock and carries low risk. A preferred stock with a guaranteed dividend is considered a fixed-income investment same to a bond.

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What is the future value of this investment at the end of year five if 5.34 percent per year is the appropriate interest (discount) rate?

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The future value of this investment at the end of year five if 5.34 percent per year is the appropriate interest (discount) rate:-

We use the formula:

A=P(1+r/100)^n

where

A=future value

P=present value

r=rate of interest

n=time period

A=2080*(1.17)^4+3427*(1.17)^3+646*(1.17)^2+3720*(1.17)+908

=$15531.12.

How do you determine an investment's future value?

The formula for future value

In mathematic terms, the formula is: future value = present value x (1 + interest rate)n

The superscript n in this formula denotes the number of interest-compounding periods that will take place during the period you are calculating for. FV=PV(1+i)n

FV = $1,000 x (1 + 0.1)5

How is annual compound future value calculated?

A = P (1+r/m) mt.

It is necessary to compute A, or the investment's future worth.

P (Initial Investment Value) = $5,000.

The rate of return, or r, is 10% yearly compounded.

m (the number of annual compounding cycles) = 1.

Three years are the number of years for which the investment is made, or t.

What is the formula for present and future value?

Relevant Lessons

The formula for calculating present value is PV = FV/(1 + I n, where PV stands for present value, FV for future value, I for the decimalized interest rate, and n for the number of periods.

FV = PV (1 + i)n is the formula for future value.

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Just learned/registered to be a therapist! Let me know if you want to talk about anything, or just have conversations. I want everyone to know that I’m here and I know it’s hard to put your feelings on the internet but I want you to feel safe. Feel free to leave anything in the comments

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Answer:

wow i totally need this

Explanation:

Law firms sometimes ask their employees to pad their billable hours or charge customers for tasks they did not perform. this is an example of ________.

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There are times when law firms push their staff to increase their billable hours or bill clients for services they did not provide. An illustration of unethical behavior might be this.

What is an unethical behavior?

An act that goes against what is morally right for a person, a business, a profession, or in politics is deemed unethical behavior. Additionally, it can refer to a person's actions that go against the values upheld in the neighborhood where they reside. Person acting unethically: lying to loved ones, friends, and coworkers in order to obtain dishonest gain; robbing a home or job; borrowing money from a friend and not paying it back with the intent to defraud him; maintaining an extramarital relationship; criticizing friends, family, or coworkers behind their backs; conducting personal business during work hours; manipulating expense reimbursements; and selling a property without disclosing its flaws.

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Interest income from treasury securities is ________________, and interest income from municipal bonds is always ________________.

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Interest income from treasury securities exists taxable at federal level only , and interest income from municipal bonds stands always exempt from federal taxes.

What is Federal tax?

State income taxes are gathered by the particular state(s) where a taxpayer resides and derives income, whereas federal income taxes are gathered by the federal government. Federal income taxes are collected by the federal government to cover its expenses, whereas state taxes are collected by individual state governments to cover their particular state obligations.

The U.S. Department of the Treasury issues debt obligations under the name "Treasury securities," which includes Treasury bills, notes, and bonds. Because they are backed by the full faith and credit of the United States government, Treasury securities are among the safest investments. The United States Department of the Treasury issues United States Treasury securities, often known as Treasuries or Treasurys, to support government spending as an alternative to taxation.

Hence, Interest income from treasury securities exists taxable at federal level only , and interest income from municipal bonds stands always exempt from federal taxes.

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When calculating the future value of multiple cash flows using a spreadsheet, you must:_________

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The answer is to calculate the present value of each cash flow and then add the discounted values together.

When calculating the future value of multiple cash flows using a spreadsheet, you must  calculate the present value of each cash flow and then add the discounted values together.

What is the meaning of cash flow?

A cash flow is a physical or digital flow of funds.

The phrase "cash flow" is typically used to represent payments that are projected to happen in the future, are thus unknown, and so need to be forecast using cash flows; a cash flow in its restricted sense is a payment (in a currency), especially from one central bank account to another;

A cash flow's time t, nominal quantity N, currency CCY, and account A are what make it up; symbolically, CF = CF (t,N,CCY,A).

However, it is common to use the term "cash flow" in a broader meaning to describe (symbolic) payments into or out of a company, project, or financial product.

Value, interest rate, and liquidity are only loosely correlated with cash flows. A cash flow that will occur on day tN in the future can be changed into a cash flow with the same value on day t0.

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Management students may not immediately become managers, but studying management can help you.

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Management students may not immediately become managers, but studying management can help you understand how organizational decisions are made

This is further explained below.

What are organizational decisions?

Generally,  The process by which a single organizational unit or several organizational units come to a decision on behalf of the organization is referred to as organizational decision making.

The unit responsible for making decisions might be as limited as a single person, such as a manager, or as extensive as the full membership of the organization.

In conclusion, Students who major in abnormal psychology often fall victim to this mental state, in which they mistakenly assume that they are afflicted with the illness that they are researching.

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The inverse, or negative, relationship between price and quantity demanded is known as the law of ______.

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The inverse, or negative, relationship between price and quantity demanded is known as the law of demand.

What is the law of demand?

According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. There is an inverse relationship between price and quantity demanded.

The inverse relationship between price and quantity demanded is the reason why the demand curve is downward sloping. The demand curve depicts the relationship between price and quantity demanded.

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Prior to being recorded on the income statement, manufacturers' product costs flow through ______. multiple select question.
a. cost of goods sold
b. finished goods
c. work in process
d. raw materials

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A manufacturers' product costs flow through raw materials, work in process (or work in progress), and finished goods prior to being recorded on the income statement. So, yes, the answers are B, C, and/or D. Cost of Goods Sold is not included.

While work in process, also known as WIP, refers to the products being manufactured, raw materials are the components that go into the finished product. The finished goods, however, are the manufacturer's final products.

Costs of goods are passed through inventory accounts until they are sold, at which point they are compared to sales on the income statement.

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Warbler's salesmen have proposed to decrease the selling price by 50 cents per unit. how many units will need to be sold for warbler to earn at least the same net operating income?

Answers

34,286 units will need to be sold for warbler to earn at least the same net operating income.

Calculation:

                                  Total          Per Unit Sales

                                    $ 300,000   $ 10

Variable expenses    180,000       $6

Contribution margin 120,000       $ 4

Fixed expenses       100,000

Net operating income $ 20,000

New selling price

= Old price - prosed price

=$10-$0.5  =  $9.5

Revised contribution margin

= Selling price-Variable costs

= $9.5-$6=$3.5

The Proposed Contribution margin

= Net operating income + Fixed expenses.

= (100,000 +20,000)

= $120,000

Required units to be sold =Proposed Contribution margin/Contribution margin per unit

= $120,000/$3.5

= 34,285.7 units

Hence, 34,286 units will need to be sold for warbler to earn at least the same net operating income.

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All manufacturing costs are assigned to units of product and all nonmanufacturing costs are treated as period cost under costing. True or false?.

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'All manufacturing costs are assigned to units of product and all nonmanufacturing costs are treated as period cost under costing.

This statement is True.

Manufacturing cost is the sum of the costs of all resources used to manufacture a product. Manufacturing costs fall into three categories: direct material costs, direct labor costs, and manufacturing overhead costs. This is a factor in the total shipping cost.

Manufacturing costs are the costs incurred in manufacturing a product. These costs include direct material costs, direct labor costs, and manufacturing overheads. Expenses are typically reported as separate line items on the income statement.

Manufacturing costs play an important role in the successful development and manufacture of a product. According to the value added model, production costs must be less than value added in order to be profitable. Calculating the cost of designing and manufacturing a product is therefore critical to the success of the product.

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True or false: the interval measure indicates how long a start-up company can operate until it needs more financing.

Answers

Answer: True

Explanation:

The interval measure indicates how long a start-up company can operate until it needs more financing.

Switching costs, the number of buyers, and if the items represent a relatively small portion of the cost of finished products are key considerations regarding the ________.

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Switching costs, number of buyers, and if the items represent a relatively small portion of the cost of finished products are key considerations regarding the bargaining power of buyers.

Switching costs are the costs which are paid by a consumer as a result of switching brands, suppliers, or products. Some companies may employ high switching costs in order to prevent customers from moving to another brand.

Suppose if the customer purchases large volumes of standardized products from the seller, then the buyer's bargaining power is quite high.  Also, when substitute of a product is available in the market, the buyer power increases.

Hence, most prevailing switching costs are monetary in nature.

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Suppose that today the exchange rate between the u.s. dollar and the chinese yuan is $1 =.12 yuan. if next week the exchange rate is $1 = .20 yuan, it is clear that:__________

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1.00000 CNY = 0.14418 USD

20 CNY == 2.88 USD

Nowadays, the name "Yuan" typically refers to the main unit of the People's Republic of China's currency, the renminbi (RMB). [Banknotes in RMB range in value from one Yuan to one hundred Yuan. Particularly in international contexts, it is also used as a synonym for that money; the ISO 4217 standard code for the renminbi is CNY, which stands for "Chinese yuan." (Using sterling to refer to British currency and the pound as the unit of account is a similar situation.)

Yuán literally means a "round thing" or "round coin" in Standard (Mandarin) Chinese. A silver round coin known as the yuan was used throughout the Qing Dynasty.

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A title acquired from someone who already owns the goods free and clear is known as a ________.

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A good title is one that is obtained from someone who already owns the things free and clear.

What is a good title?

An implied term of a land purchase agreement is "good title," which means that the seller must transfer to the buyer a clear, marketable title free from encumbrances and potentially hazardous legal action brought by third parties with property rights.

Use terms that provide a good impression and pique the reader's interest to make the title intriguing, attention-grabbing, and simple to read.

If a mortgage was placed against the property but it was never paid off or if the mortgage is not satisfied in the record file, that is an example of a title defect.

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What is the effect of a price ceiling on the quantity demanded of the product? what is the effect of a price ceiling on the quantity supplied? why exactly does a price ceiling cause a shortage?

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A price ceiling (below the equilibrium price) increases demand and decreases supply. This is why price caps create shortages.

The price ceiling prevents the price from rising above a certain level. When the price cap is set below the equilibrium price, the quantity demanded exceeds the quantity supplied, resulting in excess demand or shortage.

We are introducing price caps for people who need products such as home, prescription drugs, and auto insurance. However, when the market price does not reach the equilibrium level, the quantity demanded exceeds the quantity supplied, resulting in a shortage of supply.

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Ben and jerry would not be considered transformational leaders because they did not?

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Ben and Jerry would not be considered transformational leaders because they did not change the direction of an existing organization. It is possible that in the process Ben and Jerry were not open to new ideas, did not focus on changing the existing mindset of the team, did not become active listeners and were considered intolerant of the existing risks.

Transformational leadership style is a way for leaders to motivate and empower the people who are their responsibility to work together to realize the company's vision. Transformational leadership is a form of values, beliefs, and needs that include change as a form of new breakthrough.

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Which of the market structures has unrestricted entry and exit, many sellers of the product and some ability to set the price?a. oligopoly. b. perfect competition.

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Unrestricted entry and exit, numerous suppliers of the good, and some control over price setting are characteristics of monopolistic competition.

When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists. A monopolistic competitive industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its rivals. The price and marketing choices made by the rival companies serve as their points of differentiation. Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and comprises businesses with comparable but distinct product offerings.

Industries with monopolistic competition include those in restaurants, hair salons, household goods, and clothes.

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How many different types of intelligence are there according to the theory of multiple intelligences?
a. twelve
b. three
c. five
d. eight

Answers

Eight types of intelligence are there according to the theory of multiple intelligences. Option D is an appropriate response.

What is the theory of multiple intelligences?

Linguistic, Logical/Mathematical, Spatial, Bodily-Kinesthetic, Musical, Interpersonal, Intrapersonal, and Naturalist are the eight forms of intelligence that Gardner identified in order to widen this concept of intelligence.

Because people are good at different things, Gardner's theory of multiple intelligences can help students comprehend how people learn. Students can tailor the knowledge to their learning style when they can determine which type of multiple intelligence they utilize to absorb information.

Eight types of intelligence are there according to the theory of multiple intelligences.

Hence, option D is an appropriate response.

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Generally, all stakeholders agree that there is a problem and on what the problem is before beginning the dmaic process. True or false?.

Answers

Before starting the DMAIC process, most stakeholders are in agreement that there is a problem and what the problem is.

The given statement is false:

The DMAIC method · outline the hassle, improvement interest, opportunity for development, the mission desires, and consumer (internal and external) requirements.decide the vital elements in your commercial enterprise process's success. To gauge the effectiveness of the system, define process metrics. you can enhance this system' performance the use of the six sigma technique. A rational, organized approach to improving company operations is six sigma.The Greek letter "Sigma," used in facts, expresses how a ways a procedure deviates from ideal behavior. Sigma is any other name for the procedure's preferred deviation from the imply. An business enterprise can use the Six Sigma manner to rely the "defects" in a procedure, locate methods to get rid of them, and as closely as feasible to "zero defects"increasing the effectiveness and high-quality of the agency presents demanding situations for managers. with a view to prevail, they ought to positioned the pleasant technique and gear for procedure evaluation and manipulate into use. The pinnacle The system ought to be improved so one can enhance the final results.

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The problem of bankruptcy is associated with misuse of credit in the ______________ component of financial planning.

Answers

The problem of bankruptcy is associated with the misuse of credit in the borrowing component of financial planning.

Making a plan for your future, specifically one that addresses how you will handle your finances and be ready for any potential expenses and problems is known as financial planning.

Policy creation in relation to borrowing and lending, cash management, and other financial activities results from financial planning. Such policies will aid in making crucial decisions for the management of capital and achieving financial activity coordination.

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Suppose some malware infects your computer, and its only objective is to initiate connections to other computers and try to infect them. is negetives externality this behavior?

Answers

Malware can be used for malicious purposes, like opening spammed websites and using them for non social operations. Malware can also alter how the internet is bug and spammed.

Why do you use the term malware?

Malware, short for "malicious programs," is any intrusive program developed by bugging (typically called to as "cybercriminals") to steal data and harm or destroy devices and computer systems. Trojan horses, spyware, adware, and ransomware are examples of the several types of malware that are regularly found. Malware is any software that has been specifically created to disrupt a computer, server, client, or computer network, leak sensitive data, gain unauthorized access to data or systems, deny users access to information, or inadvertently compromise a user's computer security. The most common types of malware are viruses, trojan horses, ransomware, spyware, rootkits, file-less malware, and malvertising.

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Monster music company provided music lessons to customers for $10,000, receiving $6,000 in cash and the rest on account. what is monster music company's revenue under the accrual basis of accounting?

Answers

The monster music company's revenue under the accrual basis of accounting is $10,000

What is the accrual basis of accounting?

Under  the accrual basis of accounting, revenue is recognized when the goods have been delivered or services rendered regardless of when payment for goods or services is received.

The fact that Monster music company already provided the music lessons whose revenue is $10,000 means that it  should recognize the revenue for the whole music lessons provided rather the portion whose cash payment has been received

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Exercise 1 Underline the word that is spelled correctly.To reduce the fat content of your diet, look for (leaness, leanness) in the cuts of meat you buy. journal and concept notes is same or not Suppose you earned a $595,000 bonus this year and invested it at 8.25% per year. how much could you withdraw at the end of each of the next 20 years? select the correct answer. Belgium, great britain, france, germany, italy, portugal, and spain all established ________ in the region. A line passes through the point point (-6, -5) and has a slope of - 4/3. Write an equation in slope-intercept firm for this line. Which actions taken by the nurse when providing care to ms. small best demonstrate an understanding of the purpose of the assessment process? A tablecloth is 82 incheslong. What is its length infeet and inches? Given+the+anticipated+inflation+premium+of+5.75%+and+the+real+rate+of+interest+of+3.25%,+what+is+the+nominal+interest+rate? Gold has a density of 0.01932 kg/cm3. what volume (in cm3) would be occupied by a 22.2 g sample of gold? Exercise 1 Write who or whom in the blank to make each sentence correct. Franklin Delano Roosevelt, ______________ was elected the thirty-second president of the United States, was born in 1882. A mutation occurred in the gene that encodes the enzyme sucrase, resulting in a single amino acid substitution in the active site of the enzyme. A polar amino acid was changed to a nonpolar amino acid. What is a likely result of this mutation?. Write a net ionic equation for the overall reaction that occurs when aqueous solutions of carbonic acid and potassium hydroxide are combined. assume excess base. What factors affect natural selection? select three options.a. isolation b. variation c. overpopulation d. adaptation Natural selection leads to____. what physical feature was a challenge for the migrations in polynesia Ali Makes a Four digit number . The sum of the digit is 4 . The thousands digit and the unit digit are the same. The hundreds digit is zero.What is Ali's number? Which racial or ethnic groups in the united states are expected to increase in terms of percentage of the population over the next few decades? An isotope whose nucleus decays spontaneously and gives off particles and energy is:________ Three friends want to buy a DVD that costs $17.49, including tax. The friends agree to pay an equal amount. Each friend will pay??help meee!!!! 4.Juan was competing in a 1000 meterrace. He had to pull out of the race afterrunning 3/4 of it. How many meters didhe run? Identify the examples of good internal control designed to protect over-the-counter cash receipts.