The impact of financial accounting information on investors' and creditors' decisions is closely related to the concept of materiality. In auditing and accounting, the term "materiality" refers to the importance or "significance" of a sum, a transaction, or a discrepancy.
According to the general accepted accounting principles (GAAP) criterion known as "materiality," all items that are conceivably likely to have an influence on investors' decision-making must be documented or disclosed in full in a company's financial statements. The significance of information in financial accounts of a corporation is referred to as materiality. A transaction or business decision is "material" to the business if it necessitates reporting to investors or other users of the financial statements and cannot be excluded.
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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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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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True or false: stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the actions of of that company.
It is a false statement that the stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the actions of of that company.
Who are stakeholders?These are investors that has a vested interest in a company and can either affect or be affected by a business' operations and performance. Some examples of a stakeholders includes investors, employees, customers, suppliers, communities, governments, trade associations etc.
However, It is a false statement that the stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the actions of of that company.
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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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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
The classic flow is that mission drives business strategy, which in turn drives functional strategy. when the functional strategy then feeds back into the business strategy, experts refer to this as?
The classic flow is that mission drives business strategy, which in turn drives functional strategy. When the functional strategy then feeds back into the business strategy, experts refer to this as "closing the loop".
What is business strategy?As was already mentioned, many different components make up a corporate plan. Clear priorities and boundaries are established by this management action. Efficiently using energy resources and processes is decided upon by a business plan. Additionally, it guarantees that the organization's stakeholders and employers work together to achieve a common objective. They determine the future course of the business as well. Another key objective of the strategy is to provide businesses an advantage over rival businesses. These strategies are therefore centered on the goals and missions of the organization after carefully assessing the company's internal strengths and weaknesses and recognizing opportunities and hazards in the external environment.
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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
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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The _____________ section of the purchase agreement you reviewed is not for the buyer to fill out. it is where the seller indicates whether the offer is accepted or countered.
The conditions section of the purchase agreement you reviewed is not for the buyer to fill out. It is where the seller indicates whether the offer is accepted or countered.
What is a Purchase Agreement?
An official contract between a buyer and a seller is known as a purchase agreement. It is a written statement of the terms and conditions of a transaction. When the buyer or seller requires assurance that both parties will uphold the agreed-upon terms, purchase agreements are frequently used for expensive goods or special orders.
Purchase agreements can take many different forms. Almost any form of an asset can be bought or sold using them. However, huge transactions that go beyond the realm of typical companies are where they are most frequently used.
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Rent-seeking behavior refers to activities designed to transfer income or wealth to a particular firm or resource supplier at someone else's or society's expense.
a. true
b. false
It is true that rent-seeking behavior refers to activities designed to transfer income or wealth to a particular firm or resource supplier at someone else's or society's expense.
What is Rent-Seeking?Rent-seeking is the activity of gaining financial benefits and boosting earnings using deceptive ways while failing to contribute to a productive improvement of the economy. Manipulating governmental policy, such as social service initiatives and publicly sponsored social services, is a part of rent-seeking.
Rent is described in economics as wealth acquired through dubious, frequently deceitful techniques. Utilizing resources in a deceptive manner, businesses and people fail to increase the productivity of the economy in order to get economic advantages.
Rent-seeking occurs when a person or business pushes another organization, such as the government, for grants, subsidies, or tariff protection. In addition to lobbying, rent-seeking can also take the form of money donations. Rent-seeking can occur when a person or business gives money and then deducts it from their taxes.
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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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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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The demand for funds resulting from business investment in short-term assets is ____ related to the number of projects implemented, and is therefore ____ related to the interest rate
The amount of projects that are implemented and the interest rate have an inverse relationship with the amount of money that businesses need to finance short-term investments.
Marketable securities, commonly referred to as temporary investments or short-term investments, are financial investments that can be quickly converted to cash, usually within five years. After only three to twelve months, many short-term investments are sold or turned into cash. CDs, money market accounts, high-yield savings accounts, government bonds, and Treasury bills are a few typical examples of short-term investments.
These investments often consist of high-quality, extremely liquid assets or investment vehicles. Short-term investments can also specifically refer to financial assets owned by a corporation that are of a similar nature but with a few extra criteria.
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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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When designing a product, the style, uses, and other related marketing activities, marketers must:____.
A product's appearance, intended usage, and other marketing components must all be created to be culturally appropriate.
The four Ps represent the crucial factors that must be carefully thought out and put into practice in order to properly advertise a good or service. Product, price, place, and promotion make up this list. The marketing mix is another name for the four Ps. They cover a wide range of aspects that are taken into account when marketing a product, such as what consumers want, how the good or service satisfies or doesn't satisfy those wants, how the good or service is perceived in society, how it distinguishes itself from the competition, and how the business that makes it engages with its clients.
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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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Astore sold 14 more colored shirtsthan white shirts. the white shirtscost$9.95 and colors cost $10.50. if atotal of $310.60 weresold, how many of each type were sold?
Chance theory is the branch of mathematics that deals with numerical representations of the probability that an event will happen or that a statement is true.
What is probability ?The area of mathematics known as probability deals with numerical descriptions of how likely it is for an event to happen or for a claim to be true. The probability of an event is a number between 0 and 1, where, generally speaking, 0 indicates the event's impossibility and 1 indicates its certainty.
The likelihood of an event happening is gauged by probability. Many things are impossible to completely predict in advance. Using it, we can only forecast the probability, or likelihood, of an event occurring.
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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?
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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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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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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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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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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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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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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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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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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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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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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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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