Answer:lower;more
Explanation:
During the adjusting process two transactions were neglected or omitted. The first is for unearned rent revenue of which $450 was earned during the period, the second was for accrued interest payable of which $275 is owed for the period. As a result of these omissions.
The omission related to unearned rental income could increase net income by $690 while eliminating accrued expenses, interest expense and interest payable, increased expenses and liabilities by $275. As a result, revenues are understated by $690 while expenses are understated by $275 so net income is understated by $140. Assets are not affected by this error, but liabilities are overstated by $140.
Unearned income is another name for the term “deferred income". It is used to define the process by which a company accepts payment from a customer before that customer receives a product or service. In many cases, companies rely on an upfront payment to complete the manufacture of the product before shipping it to the customer.
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The entry to record the receipt of payment within the discount period on a sale of $2,500 with terms of 2/10, n/30 will include a credit to?
The entry to record the receipt of payment is $2,590 in accounts receivable.
What is Trade discount?
Trade discounts, also known as functional discounts, are payments made to distribution channel participants in exchange for completing a task. Storage and shelf stocking are two examples of these tasks. Trade discounts are sometimes bundled to cover a variety of services. For instance, 20/12/5 may stand for 20% off for storing the merchandise, 12% more off for shipping, and 5% more off for keeping the shelves filled.
Terms 2/10, n/30 state that payments must be made within 10 days of the date of purchase to receive a 2% discount, and payments must be made in full within 30 days to avoid a discount.
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Trek bicycle purchases only the highest quality raw materials to make products that will live up to its mission to build the best bikes in the world. As an organizational buyer, trek operates in which type of market?.
According to the aforementioned query, the trek bicycle industry serves the industrial market.
In an industrial market, businesses trade goods or services with other businesses rather than with a consumer base. This sector, also referred to as the business-to-business market, includes three different subsets: companies that sell goods, companies that sell raw materials, and companies that provide services. All three of these occur in various distinct industries.
The advantages of this sector above the conventional consumer market are numerous. The industrial market only focuses on the products and services used to create a distinct end product.
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Which general considerations help guide management's response to the environment?
General considerations that can help guide management's response to the environment are as follows:
Responses which are financially efficient and also effective should be considered.Organization should consider responses which will give rise to esprit de corps.Organization should go with responses that are fixing the appropriate elements of environment.What is an Internal Environment ?The atmosphere within the organizational structure of a corporation is defined by a set of factors called the internal environment. It defines how interactions and connections take place within the company, typically between coworkers.
Therefore, General considerations that can help guide management's response to the environment are the one's with cost friendly, effective and team friendly.
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What is the dollar-amount limit on federal question cases that can be brought in federal court?
a. $500,000
b. $250,000
c. there is no dollar-amount limit.
d. $1 million
e. $75,000
There is no dollar-amount limit on the federal question cases that can be brought in federal court.
What is a federal court?This refers to the court that had an exclusive original jurisdiction in any dispute between the Central Government and the Provinces.
The amount of damages for a case in controversy must be more than $75,000, that is, If the amount you seek to recover is $75,000.00 or less, you cannot file your action in federal court. Therefore, there is no dollar-amount limit on the federal question cases that can be brought in federal court.
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When a currency is converted into another currency at a given time with an agreement to revert back to the original currency at a future specific time period, this is called a?
It is called a currency swap
A currency swap is indeed a rate of interest derivative in finance. It is a linear IRD in particular, making it among the most liquid benchmarking products to cover many currencies at once. It shares price similarities with interest rate swaps, FX swaps, and foreign exchange rates. A currency swap entails the conversion of interest—and occasionally principal—in one currency into the same amount in another. Foreign-based businesses frequently employ currency swaps to get loans from local banks at rates that are more favourable than those offered through currency swaps. Companies might change their loan terms by swapping in order to benefit from the present or anticipated market circumstances.
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Abuse involves payment for items or services when there is no legal entitlement to that payment and the provider has not knowingly or intentionally misrepresented facts to obtain payment.
Abuse includes payment for products or services when there is no legal entitlement to that payment and the provider has not knowingly or intentionally misrepresented facts to obtain payment is a True Statement.
Abuse comprises incidents or provider actions that are contrary to established, ethical standards in medicine, business, or finance. The program may incur extra expenditures, inappropriate payments, or payments for treatments that do not adhere to generally accepted standards of care or are medically unnecessary as a result of these activities.
A few examples of abuse billing are billing for goods or services that weren't delivered and modifying claim forms to achieve a bigger reimbursement amount or charging the patient for a higher level of service than was actually provided to the patient.
Abuse involves payment for items or services when there is no legal entitlement to that payment and the provider has not knowingly or intentionally misrepresented facts to obtain payment. True/False
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The institute of management accounting competency framework defines how many areas of skills that accounting professionals need to remain relevant in a digital age?
The institute of management accounting competency framework defines SIX of areas of skills needed or accountants to remain relevant.
What does the institute of management accounting competency framework say?The institute of management accounting competency framework notes that for accountants to remain relevant in the digital age, they need six areas of skills.
Some of these areas include the strategy, planning, and performance domain and the Reporting and control domain.
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To effectively segment a market, you should ensure that the segments are relatively blank______, at least in terms of prospective buyers' needs and response to marketing.
To effectively segment a market, you should ensure that the segments are relatively blank Homogeneous
Effective marketing :
Effective segmentation should be quantifiable , accessible, substantial, discriminable , and actionable. When a company has segmented their market accordingly, there is a higher chances that it will become more profitable and successful in the long run.
Who is a prospective purchaser ?
a prospective buyer is any prospective client party that could be a fit for the purchase of a company that is being marketed in a sell-side transaction. In the world of M&A, a prospective purchaser is one of the buyers that gets put on a prospective buying list.
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If victor and maria take out a bank loan for $1,600 and pay off their credit card debts totaling $1,600, what effects would these changes have on their net worth?
The effect on their net worth is zero , since an increase in debt is countered by the same amount of decrease
What is net worth of an individual?
The net worth of an individual is the excess of their assets or belongings over their liabilities or debt obligations.
net worth=assets-liabilities
In the case, the assets of Victor and Maria, cash, would increase by $1,600 and at the same time their liabilities, credit card would decrease by the same amount, which means that the increase in one borrowing is decreased by a decrease in another liability, hence, there is no impact on the net worth.
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In the Unit, Nestlé is discussed as a company that is making efforts to use less:
water
land
oil
solar energy
The unit shows that Nestlé is a company that is making efforts to use less Water.
What is Nestlé using less of?The unit is not attached but based on news and current affairs, it is known that Nestlé is trying to use less water.
To that end, they have engaged in more efficient water treatment, withdrawals, and recycling.
This has helped Nestlé to reduce their water usage by about two-thirds in 2013 with plans to do more.
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A large increase in the supply of hd-tv sets occurs simultaneously with a smaller decrease in its demand. as a result the equilibrium price will?
The answer to this question is :decrease.
When Demand decreases, it suggests that customer now is much less inclined to purchase that certain products.
This unwillingness will began to drives the price down. During this period, Sellers will start to create greater effort to promote the remaining products so they ought to achieve the best possible price possible.
How does the equilibrium rate exchange when furnish for a accurate will increase or decreases?An extend in supply, all other things unchanged, will purpose the equilibrium fee to fall; extent demanded will increase. A decrease in supply will purpose the equilibrium fee to rise; quantity demanded will decrease.
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https://brainly.com/question/22569960#SPJ4For 2021, what is the maximum amount they can give to their family (including the sons- and daughters-in-law) without using any of their unified transfer tax credit?
As of 2021, you may make an annual tax-exempt gift of up to $15,000 to any person. This means that you can give each of your ten children $15,000 per year without having to pay gift taxes on the $150,000.
What is Tax Credit?
Taxpayers can immediately deduct the amount of a tax credit from the taxes they must pay. Tax credits lower the actual amount of tax owing, as opposed to deductions, which lower the amount of taxable income. The amount of a tax credit varies on its category; some tax credits are only given to people or businesses in particular regions, classes, or industries. To encourage particular behaviours that are good for the economy, the environment, or anything else the government deems vital, the federal and state governments may offer tax credits. For instance, installing solar panels for household usage qualifies individuals for a tax credit. Adoption, schooling, and other expenses are all reduced by additional tax credits.
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The cost of doing business is closely linked to the cost of money, which is known as:_______
The cost of doing business is closely linked to the cost of money, which is known as Operating cost.
What is Operating cost?
The ongoing costs related to the routine day-to-day operations of a business are known as operating costs. Costs of goods sold (COGS) and other operating costs, also known as selling, general, and administrative (SG&A) costs, are both included in operating costs.
The phrase "cost of goods sold" refers to expenditures that are directly connected to the manufacturing of a good, such as the supplies required to put one together and the transportation costs involved in getting goods from a distributor to a store. On a company's income statement, each sort of expense is listed as a separate line item.
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Suppose that a decrease in the price of good x results in fewer units of good y being demanded. This implies that x and y are.
Decrease in the price of good x results in fewer units of good y being demanded This shows that x and y are substitute goods.
A product that can be used in lieu of another is known as a substitute. In the marketplace, substitutes are significant and viewed favorably by customers. They give consumers additional options, which improves their ability to meet their demands. Bills of materials frequently include substitute parts that, in the event that the primary part is damaged, can take its place. Substitutes give consumers options while they are making purchases. When there are at least two items that can serve the same function, such as an iPhone vs. an Android phone, substitutes happen.
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What is the present value of $11,463 to be received 7 years from today? assume a discount rate of 3.5ompounded annually and round to the nearest $1
The present value of this money is $9,010.
What is compound Interest?In other terms, compound interest is interest on principal + interest and refers to the addition of interest to the principal amount of a loan or deposit. Reinvesting interest, or adding it to the lent capital rather than paying it out or requiring payment from the borrower, results in interest being earned on the principal amount plus previously accumulated interest in the next period. In economics and finance, compound interest is common.
In contrast to simple interest, which doesn't compound because past interest isn't added to the principle for the current period, there is compounding with compound interest. The simple annual interest rate is calculated by dividing the period of interest by the number of periods in a year.
Thus, according to the annual compounding, the correct answer to the given question is $9,010.
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One advantage of a fixed exchange rate system compared to a floating or managed float exchange rate system is:_________
A fixed exchange rate system has advantages over a floating or managed float exchange rate system, including lower inflation.
Defining a Fixed Exchange Rate
A fixed exchange rate is a method used by a government or central bank to relate the value of the country's legal tender to the value of the currency of another country or the price of gold. The aim of a fixed exchange rate system is to keep the value of a currency within a predetermined range.
Maintaining a currency's value within a predetermined range is the goal of a fixed exchange rate system.
Fixed exchange rates increase the security of exporters and importers while helping the government maintain low inflation.
A number of developed nations adopted the floating exchange rate system in the early 1970s.
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When jake goes to work, he drives at an average speed of 60 miles per hour. It takes about 1 hour and 30 minutes for jake to get to work. His car travels about 25 miles per gallon of gas. If gas costs $3. 65 per gallon, approximately how much money does jake spend on gas to get to work?.
Jake spends $13.14 on gas to get to work.
Jake's car travels 25 miles for 1 gallon of gas.The cost for one gallon of gas is $3.65 per gallon.The total miles travelled is 60 miles/ hour * 1 hour 30 minutes.Total miles travelled = 60 * (1.5)Total miles travelled = 90 milesThe gas used for 25 miles is 1 gallonThe gas used for 90 miles is 90/25 = 3.6 gallon.The cost of gas is $3.65 per gallonThe cost of 3.6 gallon is 3.65 *3.65The cost of the gas used to get to work is $13.14.What is an Equation?
An equation is a mathematical announcement fashioned whilst expressions are equated the usage of an identical sign.
The equations are beneficial in willpower of unknown parameters.
The common speed of Jake while he goes to work is 60 miles/hour.
The time taken to attain to work is 1 hour 30 minutes.
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Starting at long run equilibrium, ceteris paribus, a decrease in the costs of widely used factors of production would most likely:_____.
Starting at long-run equilibrium, ceteris paribus, a decrease in the costs of widely used factors of production would most likely increase short-run aggregate supply.
What Is Equilibrium?Prices must be stable due to a balance between market supply and demand. This is the state of equilibrium. As opposed to a shortage or undersupply, which raises prices and lowers demand, a surplus of goods or services typically results in lower pricing, which increases demand.
The equilibrium price is the one where supply and demand are balanced. The forces of supply and demand are essentially equal, and the market is in equilibrium when a major index experiences a period of consolidation or sideways movement. According to economists, price changes are typically close to the equilibrium values. Market dynamics will encourage sellers to enter if the price increases excessively.
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The responsibility for setting a company's mission, objectives, broad strategies, and policies primarily lies with its ________.
Typically, a corporation's financial department is in responsible of defining its mission, goals, overarching strategy, and policies.
The finance department of a corporation is in responsible of securing external funding for the organization, handling internal cash flow, and planning how money will be spent on various assets.
What is the financial accounting division?
The component of a business that manages duties including payroll, general ledger maintenance, bill payment, bill preparation, and financial statement preparation is referred to as the "accounting department." To put it another way, they are in charge of managing the business's overall financial front.
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Loren+already+knows+that+he+will+have+$500,000+when+he+retires.+if+he+sets+up+a+payout+annuity+for+30+years+in+an+account+paying+10%+interest,+how+much+could+the+annuity+provide+each+month?
The annuity provide each month to Loren is $221.19.
What is meant by annuity?An annuity is a set of payments that are made at regular intervals.
Regular savings account deposits, monthly mortgage loan payments, monthly insurance payments, and pension payments are all examples of annuities.
The frequency of payout dates distinguishes annuities.
Now, as per the question;
The formula for calculating the annuity is;
[tex]P_t=\frac{d\left[\left(1+\frac{s}{n}\right)^{n t}-1\right]}{\frac{s}{n}}[/tex]
where,
[tex]P_t[/tex] = is the account balance after t yearsd = regular deposit (the amount users deposit each year or month) r = annual interest rate in decimal form.n= number of compounding periods in a year.t = number of yearsLoren is confident that he'll have $500,000 when he retires.
= $500,000
He establishes a 30-year payout annuity in a 10%-paying account interest.
30 years = t
r = (10/100) = 0.1
Each month, the annuity could provide
n = 12
In the formula, replace the above values.
500,000 = d[( 1 + 0.1/12)³⁶⁰ - 1]/(10.1/12)
500,000 = d[(1.00833333)³⁶⁰ - 1]/0.00833333
500,000 = d [2260.487925]
Divide both sides by 2260.487925
d = $221.19
Therefore, the value of annuity provided each month is $221.19.
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The correct question is -
Loren already knows that he will have $500,000 when he retires. If he sets up a payout annuity for 30 years in an account paying 10% interest, how much could the annuity provide each month?
A common approach by managers in determining how to allocate scarce funds is to rank investment proposals by taking into account ______.
A common approach by managers in deciding how to allocate scarce funds is to rank investment proposals by taking into the account time value of money.
Why is the managerial approach important?This builds their faith, gives them a sense of achievement, and helps them evolve into more resourceful, decisive, and independent. As a manager, your role is to then keep a close eye on improvement and only provide guidance if you see things going awry. This course is a great default for day-to-day administration. Management procedures are techniques that are used to direct and control an association.
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If a price floor is imposed at $15 per unit when the equilibrium market price is $12, there will be:_________
Answer:
there will be a surplus.
The use of effective contracts with penalties could reduce which form of supply chain risk?
The use of effective contracts with penalties could reduce the following forms of supply chain risks:
What are supply chain risks?
Supply chain risk management is "the implementation of strategies to manage routine and non-routine risks in the supply chain to reduce vulnerability and ensure continuity based on ongoing risk assessment".
What are effective contracts?
Most contracts only need to contain two elements to be legally effective: the parties must agree (after one party has made an offer and the other has accepted it).
Something of value, such as money, services or goods (or a promise to exchange such goods) must be exchanged for something else of value.
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Full Question
The use of effective contracts with penalties could reduce which form of supply chain risk?
A. Distribution
B. Logistic delays or damages
C. Supplier failure to deliver
D. All of the above Question:
Broker audrey has a listing agreement with seller scarlett. one of audrey's salespeople commits a license law violation while interacting with scarlett. audrey?
Broker audrey features a listing agreement with seller scarlett. one among audrey's salespeople commits a license law violation while interacting with scarlett. audrey are often responsible due to representative obligations.
A listing agreement can be defined as a contract in which the property owner (as the principal) authorizes the real estate broker (as the agent) to find a buyer of the property on the terms of the owner. reciprocally for this service, the owner pays a commission.
Listing agreements authorize brokers to represent sellers and their properties to 3rd parties. An inventory agreement can be defined as an employment contract rather than a real estate contract: A broker is hired to represent the seller, but no property is transferred between the 2.
Even though the list of agreements is legally binding, the contract can in certain circumstances be terminated—for example, if the broker does nothing to plug the property. Additionally, the listing agreement will terminate if the property is destroyed (for example, by a fireplace or natural disaster), or upon death, bankruptcy, or insanity of either the broker or seller.
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A firm invests in building a manufacturing plant.this investment is an example of _________blank.
A firm invests in building a manufacturing plant. This investment is an example of investment blank.
By using designating a price object (along with an funding in equipment or variable costs like tour or accommodation) to a activity, a cost aid enables you to use a cost to that work.manufacturing may use as many value sources as you want for a job, in contrast to fixed charges.
the manufacturing of making an item or supplying a carrier, including the price of all assets hired in addition to the rate of no longer placing the ones resources to other makes use of.
price resources encompass one-time resource charges like your human beings's tour prices as well as "fixed" resource prices just like the price of the gadget they use. The manufacturing had to satisfy the task's tasks are represented by the work assets, who will burn up the most attempt.Learn more about investment:
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If, as a person consumes more and more of a good, each additional unit adds less satisfaction than the previous unit consumed, we are seeing the workings of?
If, as a person consumes more and more of a good, each additional unit adds less satisfaction than the previous unit consumed, we are seeing the workings of law of diminishing marginal utility.
According to the law of diminishing marginal utility, as consumption rises, the marginal utility from each extra unit decreases. As it may become completely unfavorable to consume another unit of any product, the marginal utility may decrease and turn into negative utility.
For instance, someone might purchase a specific brand of chocolate repeatedly. Because the satisfaction they were initially experiencing from the chocolate is waning, they may soon buy less and switch to another sort of chocolate or buy cookies in its place.
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Write a program that prints the balance of an account that earns 5 percent interest per year after the first, second, and third year
Python Input:
euro=1000
rate=0.05
y0=euro
y1=euro*rate+euro
y2=y1*rate+euro
y3=y2*rate+euro
print(y1)
print(y2)
print(y3)
Python Output:
1050.0
1052.5
1052.625
Python programming
Python is a general-purpose, high-level programming language. Its design concept prioritises code readability by employing heavy indentation. It is compatible with a variety of programming paradigms, including structured, object-oriented, and functional programming.
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What penetration model should be used when a company's management team does not wish to disclose that penetration testing is being conducted?
black box
What is black box?
A black box is a system that can only be understood in terms of its inputs and outputs (or transfer characteristics) in the fields of science, computing, and engineering. The way it's implemented is "opaque" (black). The phrase can be used to describe a variety of internal mechanisms, including those of a transistor, an engine, an algorithm, the human brain, as well as those of organizations and governments.Around 1945, it appears that the phrase "black box" acquired its contemporary connotation and entered the English language. The process of network synthesis from transfer functions, which led to the idea that electronic circuits are considered to be "black boxes" determined by how they react to signals sent to their ports, may be traced back to Wilhelm Cauer, who first published his concepts in 1941.Although Cauer did not use the term himself, those who followed him undoubtedly did. Vitold Belevitch dates the concept of black-boxes back even further, claiming that Franz Breisig was the first to explicitly treat two-port networks as black boxes in 1921 and that 2-terminal components were implicitly treated as black-boxes before that.The "explanatory principle," the theory of a causal relationship between the input and the output, provides the foundation for comprehending a black box. This concept argues that the system's inputs and outputs are separate, are observable (and related), and are opaque to the observer (non-openable).To learn more about black box visit:https://brainly.com/question/19475106
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marketers create value for customers when they develop products that allow consumers to satisfy their needs and wants through exchange relationships
When marketers create products that enable consumers to meet their needs and wants through trade interactions, they add value for consumers.
A marketer is someone who is in charge of establishing a connection or we can say value between the customer and the products or service that the business is providing by exchange relationships. This engagement is attained by keeping enormous inventories of products for supply or by effectively marketing the product to encourage significant sales. However, when marketers enter the picture, a significant misunderstanding results. Despite the fact that the terms sound relatively similar, there is a significant difference on a variety of levels.
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