The justification for a company initially recording prepaid rent in either an income statement or balance sheet account is that at year's end, the accounts are modified to reflect the proper balances.
What is a balance sheet?A declaration that depicts the company's financial situation is the balance sheet. After preparing the trading and profit and loss accounts, it records the business's assets and liabilities at the conclusion of the accounting period.
‘Not-for-Profit’ Organizations create balance sheets to assess the financial standing of the business. Similar to how to trade corporations prepare their balance sheets, so do individuals. It shows assets and liabilities as of the year's end. The right side of the chart shows the assets, while the left side shows the liabilities. But in place of the capital, there will be a general fund or capital fund, and any surplus or deficit determined by the income and expense account is either subtracted from or added to the capital fund, depending on the situation. It is customary to include some subsidized goods, such as entrance fees, bequests, and life membership fees, directly in the capital fund.
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Magnolia inc., an american software development company, has opened a call center in india. the company has hired indian employees to work in the call center. this scenario is an example of _____.
Magnolia inc., an American software development company, has opened a call center in India. the company has hired Indian employees to work in the call center. this scenario is an example of offshoring. Thus, option A is correct.
What is the company?A company is a corporate body established by a collection of people to conduct and manage a multinational corporation, whether it be economic or manufacturing.
Offshoring can be defined as when a country or a business gives its business to another company to process and this scenario is called as offshoring.
For example, in the given scenario Mongolia is a software development country who have given call center job to the people who are in India the scenario is called an of offshoring scenario. Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
A) offshoring
B) insourcing
C) dejobbing
D) homeshoring
Financial statements are typically prepared before completing the adjusted trial balance. True or false?.
The statement "Financial statements are typically prepared before completing the adjusted trial balance" is false
What is an adjusted trial balance?
An adjusted trial balance details all general ledger account balances after any adjustments have been accounted for. The adjustments, in this case, would normally include those for prepaid and accrued expenses, as well as non-cash expenses like depreciation or amortization.
Note that the fully adjusted trial balance is required to prepare the financial statements, since the closing entries are also integral part of the financial statements, as a result, the financial statements are prepared after the adjusted trial balance has been completed.
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Explain the basic assumption of economics with respect to rational self-interest. Describe two detailed real-life examples applying the assumption.
When making economic decisions, economists make assumptions in order to better understand how consumers' and businesses' behaviour.
To assist explain how an economy works and how to maximise growth, income, and employment, there are numerous economic theories.
However, preferences—that is, what companies and customers like to have or prefer to avoid—are central to many ideas. Additionally, the assumptions frequently concern the resources that are or are not readily available to meet the demands and preferences. The decisions that individuals involved in an economy make are significantly influenced by the availability or scarcity of resources.
Learn the rationale behind economists' assumptions and how they affect economic models.
When making economic decisions, economists make assumptions in order to better understand how consumers' and businesses' or economic behaviour.
Economists They use assumptions in order to build a model that they can control because they are unable to isolate certain factors in the real world.
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During the last couple of decades, it has become important for value-oriented marketers to ________ with customers. multiple choice
For value-oriented marketers, it has been crucial in recent years to shift away from a transactional focus on clients and toward a relational one.
When a brand engages with its audience based on shared values, it is said to be engaging in values-based marketing. It's an authentic, outward-looking strategy with the goal of improving the world. Values-based marketing aims to connect with its target audience on deeply held social and ethical issues in addition to what a company sells. Value marketing aims to generate the best potential benefit for both a consumer and a provider while being driven by authenticity.
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When an individual qualifies for a lower premium or rate than standard risks, the insured is considered a?
When an individual qualifies for a lower premium or rate than standard risks, the insured is considered a Preferred risk
What is an Insurance?
Insurance protection against loss is offered by insurance. It is a form of risk management that is mostly used to reduce the risk of a potential loss that is unknown or contingent. A business that provides insurance is known as an insurer, insurance firm, insurance carrier, or underwriter.
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One way the package software firm, intuit has approached the future and avoided disruptive innovation was to?
The package software company, intuit, bought mint.com as one strategy for anticipating the future and avoiding disruptive innovation.
A disruptive innovation is one that makes products and services simpler and more accessible to underserved or untapped markets.
Traditionally, established businesses focus on refining their goods and services for their lucrative clientele, usually ignoring the requirements and preferences of undeveloped markets. This lack of focus allows smaller businesses or newcomers the opportunity to reach this disregarded group with easier, more accessible choices.
On the other side, sustaining innovation refers to the practice of inventing to improve current goods and services for the client base already present, either in response to consumer or market demands.
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If sales increase while there is no change in accounts receivable, the receivables turnover ratio will ______.
When there is an increase in sales and yet there is no change in accounts receivable, the receivables turnover ratio will Increase.
What is the receivables turnover ratio?The receivables turnover ratio refers to the measure that shows the number of times a company will have to collect money from its receivables in a given period.
If there is an increase in sales and yet the account receivables does not change, this means that there are now more account receivables. The receivables turnover ratio will have to increase to show that the company will need to collect more receivables.
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Vilfredo pareto is often referred to in opm 311. prof. sheldon says he can make you look smart in your career in one area. what is this topic?
As Prof. sheldon says Vilfredo pareto can make you look smart in your career in one area, this topic includes:
80% of a business's items are typically 15-25% of the revenue generation in that business.20% of a business's items are typically 75-85% of the revenue generation in that business.What is a topic?It means the main subject of discussion in the literary work. It can be in form of a phrase or word which the writer talks or writes about in the essay, story or speech.
Therefore, this topic includes 80% of a business's items are typically 15-25% of the revenue generation in that business and 20% of a business's items are typically 75-85% of the revenue generation in that business.
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Which document contains a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project?
Work breakdown structure document contains a deliverable-oriented grouping of the work involved in a project that defines the total scope of the project.
What is a project?A project is a collection of activities that must be finished in order to achieve a particular goal. A project may alternatively be described as a collection of all inputs and consequences necessary to accomplish a specific objective.
A part of project management in which the work is divided true various tasks and in a department, for example, is the product is to be made there would be various departments like purchasing department, Production department, quality department, as well as packaging department to sell the product. This is called a work breakdown structure
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if decking cost $3.25 per square feet, how much would it cost to build a deck that is 25 feet by 20 feet?
Answer:
1625
Explanation:
25*20=500
3.25*500=1625
__________ are segments of the population selected for marketing research to represent the population as a whole.
A sample is a segment of the population selected for research purposes to represent the population as a whole.
A sample is a part or segment of the population that is selected by the researchers to represent the population as a whole. For example, in market research, it is not possible for researcher to reach out to each and every customer. Instead of this, research select some segment of the population being studied.
Research selects some samples from the population to carry out market research or study. After gathering the required information from the sample of the study. Then, researchers analyze the data and present the result to the whole population.
There are different sample tools, theories, and techniques used for creating market research.
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A salamander relies on hydrogen bonding to stick to various surfaces. therefore, a salamander would have the greatest difficulty clinging to a _____.
A salamander relies on hydrogen bonding to stick to various surfaces. therefore, a salamander would have the greatest difficulty clinging to a surface of hydrocarbons.
What is a hydrogen bonding?It refers to the interaction involving a hydrogen atom located between a pair of other atoms having a high affinity for electrons, such bond are weaker than an ionic bond or covalent bond but stronger than van der Waals forces.
They can exist between atoms in different molecules or in parts of the same molecule. One atom of the pair such as a fluorine, nitrogen or oxygen atom, is covalently bonded to a hydrogen atom whose electrons it shares unequally.
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A good internal control to protect cash is to make cash payments using? checks or cash petty cash checks cash
A good internal control to protect cash is to make cash payments using: checks.
What are internal controls?Internal controls can be defined as the policies, set of rules, and procedures that are implemented or put in place by a business organization, in order to achieve the following:
Protect its assets.Protect its cash.Boost efficiency.Enhance financial accountabilityEnforce adherence to company policies.Prevent fraudulent behaviors among the employees.This ultimately implies that, the main purpose of internal controls is to guarantee that both financial and material losses are eliminated, as there's an accurate and reliable accounting system.
In this context, we can infer and logically deduce that a good internal control measure to protect cash is to ensure cash payments are made by using checks.
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A long-standing company is expanding their existing workforce. what, in all likelihood, will they invest in terms of computing capabilities?
By restructuring and creating practical training materials, encouraging a productive and employee-centered workplace, and making sure that every member of your organization is fairly compensated, rewarded, and held accountable, investing in your staff can have significant and advantageous effects on your business.
This technique has developed over time into high-frequency big data analysis, which is currently the standard in the financial industry. It gives investors the opportunity to make a more thoughtful choice by assisting them in discovering efficiencies in areas they either didn't consider or couldn't reach before.
By automating repetitive operations like payroll, bookkeeping, and record-keeping, computers cut expenses. Enhance supplier or customer connections. Develop more effective communication inside the organization or with consumers. Boost staff productivity and corporate efficiency.
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In a designed experiment, a(n) _____ measures the difference that a factor has on the response.
In a designed experiment, a(n) main effect measures the difference that a factor has on the response.
In the scientific method, an experiment is a series of actions and observations performed in the context of solving a particular problem or question in order to support or refute a hypothesis or study about a phenomenon. Experiments occupy an important place in the development of science. Because experiments are used to test a thought, an axiom, or the reality of a phenomenon on the basis of a rationale and turn it into a law or a theorem like Newton's Law.
The four basic elements that affect the validity of an experiment are controls, independent and dependent variables, and constants. These basic requirements must be in place and identified for an experiment to be considered valid.
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What is the 13th order of business? (include the article and section where the answer is found.)
According to IBEW - International Brotherhood of Electrical Workers Orientation Workbook, the 13th order of business is "New Business (Matters relating to any election and installation of officers).". This is indicated in the IBEW Constitution. See attached image.
What is IBEW?The International Brotherhood of Electrical Workers (IBEW) is a labor union that contains nearly 775,000 employees and retired workers in the electrical industry in the United States, Canada, Guam, Panama, Puerto Rico, and the United States Vir.gin Islands.
More specifically, electricians, or inside wiremen, in the construction industry, as well as line workers and other public utility employees.
The organization also represents certain workers in the computer, telecommunications, and broadcasting sectors, as well as other electrical-related professions.
Some other items found in the order of business of the constitution of the IBEW are:
6th Order - Reports of Candidates9th Order - Reports of Delegates14th Order - Good of the Union etc.See attached image.
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What is the most significant employee relations issue to be considered when expanding the use of artificial intelligence?
The most significant employee relations issue to be considered when expanding the use of artificial intelligence is retraining of workers.
Retraining is the process of earning, refreshing, and developing skills in a workplace with the help of continuous learning and training programs. It is required on a regular bases to keep themselves updated, with the regular change in technology, rules, regulations and skill development.
The banking, healthcare, and finance industries have frequent retraining because of frequently changing laws and policies. These retraining helps the overall organization to grow together and helps them to reach their achievements. There for they plays an important part.
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A metric is a ______ that quantifies a trend, dynamic, or characteristic.
a. marketing plan
b. product or service
c. promotional plan
d. measuring system
A metric is a measuring system that quantifies a trend, dynamic, or characteristic. Thus, the correct option is D). Measuring system.
What is the significance of measuring system?Measuring system refers to the system that is used in the process of associating numbers with physical quantities and phenomena.
A system of measurement is a historical method of collection of units of measurement and rules relating them to each other.
Basically, the main purpose of the measuring system is to ensure that all those involved in manufacturing are skilled in measuring.
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Competitive advantages that are unique, valuable, and difficult for rivals to copy are likely to make these advantages. True or false?.
The correct answer is true.
A corporation is said to have a competitive advantage if it can create goods or services more quickly, cost-effectively, or both than its rivals. These factors provide the producing unit the advantage over rivals in terms of sales or profits.
What are the four competitive advantages?The four basic methods for gaining a competitive edge are cost leadership, differentiation, defensive strategies, and strategic partnerships.
What elements influence competitive advantage?The following production factors can provide a competitive advantage:
a) Economies of scale: The size of a business is referred to as its scale.
b) Geographic advantages
c) Raw-materials
d) The durability of care
e) Inventory standards
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The probability that the firm could issue a clean, unmodified opinion when in fact a modified opinion should have been issued is referred to as?
Risk refers to the possibility that the firm might provide a clean, unmodified opinion when one should have been provided.
What risks do businesses face?
According to finance theory, a firm-specific risk is the unsystematic risk connected to a specific investment in a company that can be fully diversified. The investor can reduce their risk in this risk by adding more investments to their portfolio.
Risk Categories
The two basic types of risk are systematic and unsystematic, respectively. Systematic risk is the market uncertainty of an investment, i.e., external factors that have an impact on all (or many) businesses in a sector or group.
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A wealthy individual has set up a grat. should she die during the time the trust is active, how are the remaining assets in the trust taxed?
A wealthy individual has set up a grat. should she die during the time the trust is active, the original value plus any appreciation is taxed as part of the grantor's estate.
Taxes are mandatory contributions levied on individuals or groups through a central authority entity—whether or not neighborhood, local, or countrywide. Tax sales finance authorities sports, together with public works and offerings which includes roads and colleges, or programs including Social security and Medicare.
A tax is a mandatory fee or financial rate levied by using any authority on a man or woman or a company to accumulate revenue for public works supplying quality facilities and infrastructure. The amassed fund is then used to fund different public expenditure applications.
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In the media business synergy means that a large company can use the strengths of its different divisions to market its content. true false
True, in the media business, synergy means that a large company can use the strengths of its different divisions to market its content.
What is Synergy?
It is frequently referred to as a synergy merge when two businesses combine in order to increase efficiency or size. If a company's share price rises following a merger as a result of the deal's synergistic effects, shareholders will gain.
So the above-mentioned statement is true.
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A professional identity or brand name used by a salesperson and at least one or more other licensees, to provide real estate licensed services is known as a:______.
A professional identity or brand name used by a salesperson and at least one or more other licensees, to provide real estate licensed services is known as a team name.
For the purpose of providing real estate licensed services, a salesperson and one or more other real estate licensees may work together under the name "team." Notwithstanding any other legislation, the use of a team name does not require that a separate license be granted for such name pursuant to Section 10159. 5. For the purposes of this part, any other law, or for the purposes of including a fictitious business name declaration with an application as required by subdivision, a team name does not qualify as a fictitious business name.Team name is a term used in Section 858-305 of the Code to refer to a name used by a team. All team names must be registered with the Commission and authorized by the broker.To know more about Real estate visit:
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The _____ of a project is the total value of the benefits minus the total value of the costs, with both costs and benefits adjusted to reflect the point in time at which they occur.
The Net present value (NPV) of a project is the total value of the benefits minus the total value of the costs, with both costs and benefits adjusted to reflect the point in time at which they occur
What is the Net present value (NPV)?Calculating the expenses (negative cash flows) and benefits (positive cash flows) for each period of an investment yields the NPV. The present value (PV) of each period is then determined by discounting its future value (see Formula) at a periodic rate of return after the cash flow for each period has been calculated (the rate of return dictated by the market). The total of all the future cash flows that have been discounted makes up NPV.
For a series of cash flows that happen at various dates, the net present value (NPV) or net present worth (NPW) is used. The amount of time until a cash flow is expected determines its present value. The discount rate also plays a role. NPV takes the time value of money into the account. It offers a tool for assessing and contrasting capital projects or financial products with cash flows distributed over time, such as loans, investments, insurance contract payouts, and many more applications.
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Is the process of calculating the present value of a cash flow or a series of cash flows to be received in the future.
Discounting is the process of determining the present value of a cash flow or series of cash flows to be received or paid in the future.
What is cash flow?
Cash flow refers to the net change in cash and cash equivalents coming into and leaving a business. Inflows and outflows are represented by money received and spent, accordingly.
Finding the present value of a payment or stream of payments that will be received in the future is the process of discounting. A dollar is worth more today than it would be tomorrow due to the time value of money. The main variable got utilized to price or amount a stream of future cash flows is discounting.
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Accounting statements represent a company’s earnings, but this is not the real cash that a company generates. Earnings data can be manipulated and can be deceiving. Thus, corporate decision makers and security analysts focus on the free cash flow that a firm generates to analyze the company’s real cash position. True or false?.
TRUE, accounting statements represent a company’s earnings, but this is not the real cash that a company generates. Earnings data can be manipulated and can be deceiving. Thus, corporate decision makers and security analysts focus on the free cash flow that a firm generates to analyze the company’s real cash position.
A company, abbreviated as co., is a legal entity representing an affiliation of human beings, whether or not herbal, crook or a aggregate of both, with a specific goal. Employer contributors share a not unusual reason and unite to acquire specific dreams.
An organization is a prison entity normal by way of a fixed of human beings to interact in and perform a commercial business enterprise in a commercial enterprise or business capacity. An employer's enterprise line depends on its form, which can range from a partnership to a proprietorship, or even an employer.
An employer is a kind of employer shape that is a separate criminal entity from its owners. It's a complicated business shape, with higher set-up and administrative costs due to more reporting requirements and better-degree prison obligations.
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If you are planning an extended drive, advance preparation can pay off in terms of:______.
If you are planning an extended drive, advance preparation can pay off in terms of Fewer troubles, fuel savings and enhanced safety.
What is safety in driving?When operating a motor vehicle, defensive driving refers to the practice of predicting dangers despite unfavorable road conditions or other drivers' errors.
By following the rules and regulations pertaining to road safety, incidents on the road can be avoided. Driving skillfully and cautiously is essential for ensuring the safety of drivers, passengers, and pedestrians on the road. It's crucial to build better roads if you want to reduce collisions.
By driving safely and steadily, defensive driving practices lower the risk of an accident or incident and can even save money on fuel and car maintenance.
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What protects a specific set of procedures for conducting a particular business activity?
Regulating Body protects a specific set of procedures for conducting a particular business activity.
Business activities occurs in the organisation to fulfill and achieve the sole goal of any organisation that is to maximize the profit and make the sales maximum against the demand generated. These profits are then distributed as retained earnings and shareholders income.
Several business activities take place with a particular set of procedures which are regulated by a regulating body or a organisation that is bind by the law of code and conduct to protect them.
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Herrera corporation has total sales of $3,110,400 and costs of $2,776,000. depreciation is $258,000 and the tax rate is 21 percent. the firm is all-equity financed. what is the operating cash flow?
The operating cash flow for the given information is $318356.
What is operating cash flow?The amount of cash created by a company's typical business activities is measured as operating cash flow (OCF). Operating cash flow reveals whether a firm can create enough positive cash flow to sustain and increase its operations; otherwise, external finance for capital growth may be required.
The computation of the operating cash flow is done as follows-:
Sales 3110400
(-) COGS (2776000)
EBITDA 334400
(-) Depreciation (258000)
=EBIT 76400
(-)Interest 0
= Earning before tax 76400
(-)Tax 0.21 (16044)
318356
= Net Income or Earnings After Tax, 16044 (0.21 *EBIT)
= Operating Income (EBIT)
= 318356 (EBIT + Depreciation - Net Income or earnings after taxes)
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In the financial projections section, the sba recommends this for the projections for the first year:______
In the financial projections section, the SBA recommends this for the projections for the first year quarterly or monthly projections.
Financial ProjectionsOne of the most crucial things you can do for your business each year is to plan out and work on your company's financial projections. The process itself frequently has more significance than the outcomes, or formal projections. At a minimum, strategic planning enables you to "come up for air" from the day-to-day challenges of managing the business, assess its current state, and chart a clear way forward.
Regular planning also assists your business in adjusting to change on both an internal and external level. You are better equipped to identify issues and possibilities by routinely reevaluating your company's capabilities, markets, and competition.
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