Transactions that are numerous and complicated, users who are separated from accounting records by distance and time.
Financial judgments that are significant to users and investors, and time-sensitive decisions are some of the underlying factors that drive demand by users for trustworthy information.
An agreement that has been fulfilled between a buyer and a seller to trade goods, services, or financial assets in exchange for cash is referred to as a transaction. In corporate accounting, the phrase is also frequently used. This simple definition can be difficult to apply in business bookkeeping. Depending on whether a corporation employs accrual accounting or cash accounting, a transaction may be recorded by it sooner or later.
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You expect to receive a $10,000 annual bonus in 12 months because of your efforts in landing a large client for your firm. How much is the bonus worth today if your opportunity cost is 3%?
By applying the formula you will get the answer, 5.128 is the bonus amount worth today if the opportunity cost is 3%
The idea behind opportunity cost is that you always have a finite amount of resources as a business owner. In other words, you can't take advantage of every chance because you have a limited amount of time, money, and experience. You must necessarily give up on the others if you choose one.
What you sacrifice / What you gain = opportunity costs
PV(-1000) FV(1350) N(6) PMT(0) CPT I/Y
Advantages lost by not taking a different path of action. The future earnings or expenses that would have been incurred if this alternative had been chosen are known as opportunity costs. This would be the alternative's lost earnings or savings if it were not picked.
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Janelle is the beneficiary of a life insurance policy in which the insured has died. what is the only way she can receive the claim amount totally free from income taxes?
The only way she can receive the claim amount totally free from income taxes is by receiving the claim amount in a lump sum.
How to receive the claim amount totally free from income tax?A mismatch between the amount of tax paid and your actual tax burden results in an income tax refund. When you file your income tax return, you might discover that you get a tax refund (ITR). Your income tax refund may be approved after you have filed your ITR and the income tax officer reviewing the return determines that it is in order.
TDS rates are far lower than income tax slab rates, hence this is typically viewed as a bonus income.
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_____ are recorded in the period that goods and services are provided to customers and _____ are recorded in the period that costs are incurred while providing those goods and services.
Revenues are recorded in the period that goods and services are provided to customers and expenses are recorded in the period that costs are incurred while providing those goods and services. Hence, the answers are revenues and expenses respectively.
What are expenses?An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs.
Therefore, the correct answers is as given above
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In a large corporation, stockholders and managers are usually separate groups. True or false
Management and stockholders typically fall under different categories in major corporations. True
What Exactly Is a Shareholder?
Anyone who owns at least one share of a company's stock or mutual fund unit is referred to as a shareholder. This includes companies, businesses, and organizations. The company's primary owners are its shareholders, who also have specific rights and duties. They are able to gain from a business's success with this type of ownership. Two examples of these benefits are increasing stock prices and dividend payouts. The share price of a corporation always declines when it suffers a loss, on the other hand, which could result in losses for investors or a decline in their portfolios.
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In its first month of operations, a company’s cash account has total debit entries amounting to $27,500 and total credit entries amounting to $24,900. At the end of the month, the cash account has a.
In its first month of operations, a company’s cash account has total debit entries amounting to $27,500 and total credit entries amounting to $24,900. At the end of the month, the cash account has a.$2,600 debit balance.
As shown at left, asset, expense and dividend accounts each follow the identical set of debit/credit rules. These accounts normally carry a debit balance. On the asset side of the record, a debit increases the balance of an account, while a credit decreases the balance of that account.
When an organization receives money prior to earning it, the accounting may be a debit to the asset Cash for the quantity received and a credit to the liability account like Customer Advances or Unearned Revenues. Debits increase asset accounts; credits decrease asset accounts.
Third: Debit the receiver, Credit the giver. A debit increases asset or expense accounts, and reduces liability, revenue or equity accounts. A credit is usually positioned on the proper side of an entry.
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In order to compete successfully, most firms today have to provide their customers with better than their competitors
In order to compete successfully, most firms today have to provide their customers with better value than their competitors
Customer value measures a product's value to a customer in relation to prospective substitutes. When determining customer value, many businesses take an equation into account.
Organizations use marketing to better understand, connect with, and serve their consumers. The client is seen as the foundation of marketing, thereby enhancing value.
The greater a company's value of the worth of its customers, the higher its performance and customer happiness will be. This increases revenue, market share, and the number of devoted clients who will raise the stakes for your company.
Therefore, most businesses nowadays must provide their clients with greater value than their rivals in order to compete successfully.
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Managers who are ______ believe that native managers in the foreign offices best understand native personnel and practices, and so the home office should leave them alone.
Managers who are Ethnocentric believe that native managers in foreign offices best understand native personnel and practices, and so the home office should leave them alone.
This is further explained below.
What is Ethnocentric?Generally, The use of one's own culture or ethnicity as a reference point to assess other cultures, customs, behaviors, ideas, and individuals is what is meant by the word "ethnocentrism," which is used in the areas of social science and anthropology as well as in daily spoken English.
This is done in place of judging the specific culture based on its own norms, which would be inappropriate.
In conclusion, Ethnocentric managers are those that hold the belief that native executives working in foreign offices have the best understanding of the local staff and procedures and that the home office ought to leave them alone because of the competence that they possess in these areas.
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President jackson removed enemies and gave supporters political jobs under the _______.
The correct answer is spoils system.
The spoils system, also known as the patronage system, is a process where the political party that wins an election rewards its election campaign workers and other active supporters by appointing them to government jobs and providing them with other favors.
What is the spoils system of Andrew Jackson?President Andrew Jackson, a Democrat, introduced the spoils system. "To the victor goes the spoils" meant that the party in power owned every government position.
Due to the spoils system, persons with political clout may hold influential positions in the government regardless of their degree of expertise or experience, which increased both the likelihood of corruption and the inefficiencies of the administration.
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Which are 3 common misconceptions users of an income statement may have?
The three most frequent misconceptions are that net income equals cash, net income excludes estimates, and net income reports all changes in value that occurred during the accounting period.
One of the three crucial financial statements used to describe a company's financial performance throughout a certain accounting period is the income statement. The balance sheet and the cash flow statement are the other two important statements. The income statement, which is often referred to as the profit and loss (P&L) statement or the statement of revenue and expense, primarily focuses on the company's revenue and expenses over a specific time period. Understanding how to study an income statement is the greatest approach to evaluate a business and choose whether or not to invest.
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The creation of new products and production methods that completely destroys the market positions of firms that are wedded to existing products and older ways of doing business is called _____.
The creation of new products and production methods that completely destroys the market positions of firms that are wedded to existing products and older ways of doing business is called Creative destruction.
What is Creative destruction?Creative destruction happens when a new product or newer methods of production are introduced that are much better than existing products.
This would then lead to the existing products being sought less in the market, thereby destroying the market positions of the firms that were linked to those existing products.
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Under normal conditions, air management increases your work time, but if you are lost or trapped, it:_______
Air management - Increases the amount of time you can survive before escaping or being rescued
What is air management?
Our air management systems' main duties include controlling cabin temperature and air conditioning, bleed air for engines, fuel tank inerting, cabin pressurisation and control, ventilation, ice protection, and liquid cooling.
We provide cutting-edge air management solutions that make flying safe, healthy, and comfortable. A wide variety of fixed-wing and rotary-wing commercial and military aircraft are equipped with electric and pneumatic systems.
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An auditor would be most likely to identify a contingent liability by obtaining a(n)?
An auditor would be most likely to identify a contingent liability by obtaining a(n) letter from the entity's general legal counsel.
Ask of and examine with the board the arrangements and methodology taken on for distinguishing, assessing, and representing cases, cases, and evaluations. Analyze records in the client's ownership concerning suits, cases, and appraisals, including correspondence and solicitations from legal advisors.
An Auditor is an individual approved to survey and check the precision of monetary records and guarantee that organizations follow charge regulations.
A Contingent Obligation is an obligation that might happen to rely upon the result of a dubious future occasion. It is recorded on the off chance that the possibility is probable and how much the responsibility can be sensibly assessed.
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Given the following make-buy information, what would be the break-even point? make option buy option fixed costs $5,500 $1,500 variable costs $4 $9
If X is the point at which the make-and-buy option breaks even, then:
5500 + 4*X = 1500 + 9*X
5*X = 4000
X = 800 units.
What is the break-even point?
The production level at which total sales for a product equal total expenses is known as the break-even point.By comparing an asset's market price to its initial cost, the break-even point (break-even price) for a transaction or investment can be identified. The breakeven point is reached when the two prices are equal.The break-even point formula in corporate accounting is calculated by dividing the total fixed costs of production by the revenue per unit less the variable expenses per unit. In this context, fixed costs are those expenses that are constant regardless of the quantity of units sold. Break-even points can be applied to a wide variety of contexts.To learn more about Break-even points visit:https://brainly.com/question/15356272
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What is a marketing phenomenon that facilitates and encourages people to pass along a marketing message?
Viral marketing is a marketing phenomenon that facilitates and encourages people to pass along a marketing message. A "phenomenon that facilitates and motivates people to voluntarily spread a commercial message" is known as viral marketing.
Marketing: What Is It?Marketing is the term used to describe the activities a business engages in to encourage the purchase or sale of a good or service. Delivering goods to customers or other businesses includes marketing activities like advertising and sales. Affiliates will occasionally carry out marketing for a business.
Employees in a company's marketing and promotion divisions aim to attract the attention of key target populations through advertising. Promotions are aimed at certain demographics and may include celebrity endorsements, memorable slogans or taglines, eye-catching packaging or graphic designs, and general media exposure.
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A clothing company that offers a special line of maternity clothing for women to wear specifically during pregnancy engages in which form of segmentation? multiple choice question.
A clothing company that offers a special line of maternity clothing for women to wear specifically during pregnancy engages in occasion as a form of segmentation
What is occasion segmentation?
Occasion segmentation is a tailored-made form of behavioral segmentation by which segments are devised based on the time the product or service is needed or purchased by the consumer.
In this case, the maternity clothing is specifically required during pregnancy, which means that any non-pregnant woman is not targeted, which means that the occasion in this case is period of pregnancy and may be by extension during child's labor, since the clothing cannot be worn thereafter, in essence, the occasion of child birth brought an opportunity a tailor-made clothing would attract would-be mothers and increase the bottom-line of the clothing company
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Full question:
A clothing company that offers a special line of maternity clothing for women to wear specifically during pregnancy engages in which form of segmentation? multiple choice question
a. psychographic b. age and life-cycle c. occasion d. demographic e. income
Which are considered disadvantages of incorporating? multiple select question. double taxation initial cost limited liability extensive paperwork
The disadvantages of incorporating include:
Double taxation Initial cost Extensive paperworkWhat are disadvantages to incorporating ?Incorporating refers to the process of making a company a corporation. This process is guided by several legal frameworks which will call for extensive paperwork.
There is also the problem of double taxation because the profits of the business will be taxed and so will the dividends to owners. Also, the initial cost to set up is quite high.
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One of the most often used guidelines for shaping the law is tradition, or custom, which is also called the ______ school of legal interpretation.
One of the most often used guidelines for shaping the law is tradition, or custom, which is also called the historical school of legal interpretation.
This is further explained below.
What is tradition?Generally, A tradition is a belief or habit that has been handed down within a group or culture for many generations.
Traditions sometimes have some kind of symbolic meaning or other unique importance, and they have their roots in the past.
In conclusion, Tradition, also known as custom, is a kind of legal interpretation that is also known as the historical school of interpretation.
It is one of the guiding principles that is used the most often while constructing the law.
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A _____ is a derivative security that gives the owner the right, but not the obligation, to buy an asset at a fixed price for a specified period of time. group of answer choices
A call option is a type of derivative investment that grants its owner the right, but not the duty, to purchase an asset for a predetermined amount of time at a fixed price.
A Call Option: What Is It?
Call options are financial agreements that grant the option buyer the right, but not the duty, to purchase a stock, bond, commodity, or other asset or instrument at a defined price within a specified time frame. The term "underlying asset" refers to the stock, bond, or commodity. A call buyer makes money when the value of the underlying asset rises.
A put option, which grants the holder the right to sell the underlying asset at a predetermined price on or before expiration, can be compared to a call option.
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Delfino's expects to pay an annual dividend of $1.50 per share next year. what is the anticipated dividend for year 3 if the firm increases its dividend by 2 percent annually?
The anticipated dividend for year 3 if the firm increases its dividend by 2 percent annually is $1.66.
What is meant by Dividend?
A corporation's payout of profits to its shareholders is known as a dividend. A corporation is able to distribute a portion of its profit as a dividend to shareholders when it generates a profit or surplus. Any remaining funds are withdrawn and reinvested back into the company. Dividend refers to a reward, cash or otherwise, that a firm delivers to its shareholders.
Dividends may be distributed in a number of ways, including stock dividends, cash payments, and other forms. The board of directors of a firm determines its dividend, which requires shareholder approval.
The future dividend can be computed as:
Future Dividend=Initial Dividend×[tex](1+r)^{n}[/tex]
Here:
r stands the growth rate in dividend = 2% or 0.02
n exists the number of periods = 5
Initial Dividend = $1.50
The future dividend can be computed as:
Future Dividend=$1.50×(1+0.02)5
Future Dividend=$1.50×1.1041
Future Dividend=$1.66
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An acre of land costs $15,000. jerry would like to purchase four acres. how much will this cost?
Answer:
60000
Explanation:
15000*4
Time Left:0:39:31
Question 3 (1 point)
Listen
Ayden Marie Lochner: Attempt 1
Amgen, the largest biotechnology company in the world, donates millions of dollars
annually to raise the value of science literacy in the community and attract bright
young minds into the field of science. Since Amgen, as an employer would benefit
from this philanthropy, it would be characterized as strategic giving.
True
False
Question 4 (1 point)
4) Listen
Amgen, the largest biotechnology company in the world, donates millions of dollars annually to raise the value of science literacy in the community and attract bright young minds into the field of science. Since Amgen, as an employer would benefit from this philanthropy, it would be characterized as strategic giving. This statement is True.
Biotechnology is the application of biology to problem-solving and product-making processes. The most popular method is genetic engineering, which enables researchers to change an organism's DNA as they see fit.
In order to apply organisms, cells, their components, and molecular counterparts to create goods and services, biotechnology integrates natural sciences and engineering sciences. Károly Ereky used the word "biotechnology" in 1919 to describe the utilization of living organisms in the creation of goods from raw materials.
The term "biotechnology" refers to a broad range of techniques used to alter living things for human benefit. These techniques date back to the domestication of animals and the cultivation of plants, as well as "improvements" made to them through breeding programs that use artificial selection and hybridization. Along with cell and tissue culture technology, modern applications now include genetic engineering.
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Why shouldn't you select financial services only on the basis of monetary factors?
You select financial services only on the basis of monetary factors because some aspects, including convenience and personalized service, could be difficult to quantify in terms of money.
Financial services: what are they?
Financial services can broadly be defined as any activity that has a financial component. The word "financial services" broadly refers to the mobilization and distribution of savings. Therefore, it covers all procedures necessary to convert savings into investments.
Financial services include banking and allied institutions, personal financial planning, investments, real estate, insurance, and the design and supply of financial instruments and advisory services to individuals and corporations.
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Financial statements can be prepared _____.
Financial statements must be prepared at the end of the company's tax year.
What are the financial statements you can schedule?The balance sheet, income statement, and cash flow information each offer unique details with information that is all connected. Together the three statements give a complete portrayal of the company's working activities.
Which financial statement must be designed?
The financial statement designed first is your income statement. As you know by now, the earnings statement breaks down all of your company's revenues and expenditures. You need your income statement first because it gives you the necessary knowledge to generate other financial statements.
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The job description for a __________ is "responsible for analyzing business requirements and selecting information systems that meet those needs."
We can actually deduce here that the job description for a system analyst is "responsible for analyzing business requirements and selecting information systems that meet those needs."
What is job description?A job description actually refers to the a narrative that is written which give the details of a general tasks or job. It includes the responsibilities that are required in that position or task.
Job description helps to make the job seeker to have insight into the job requirement and what it all entails.
We see here that the job description for a system analyst will be that he will be "responsible for analyzing business requirements and selecting information systems that meet those needs'.
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The principle of surplus productivity states that after paying the costs of the first three agents of production, any residual income is attributed to ________.
The principle of surplus productivity states that after paying the costs of the first three agents of production, any residual income is attributed to D. LAND.
What does the principle of surplus productivity say?The principle of surplus productivity talks about how the costs of the agents of production are distributed. These agents include labor and capital.
The Principle notes that when the costs of these other agents have been paid for, the residual income should go to the last agent which is Land.
Options for this question include:
a. Labor
b. Entrepreneurship
c. Capital
d. Land
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Being able to manage interactions successfully by using your knowledge of your emotions and the emotions of others is known as:_________
Being able to manage interactions efficiently through the use of the knowledge of your feelings and the emotions of others is referred to as Emotional intelligence.
Knowledge is described as what is found out, understood, or aware of. An instance of expertise is mastering the alphabet. An instance of information is having the potential to discover a region. An example of understanding is remembering information about an event.
Knowledge sharpens our talents like reasoning and problem-solving. A robust base of information helps the brain's characteristics more easily and efficiently. We emerge as smarter with the power of understanding and clearing up issues without problems. * ordinary life- know-how is essential and useful in each day's activities.
The 'Knowledge is electricity' method is that a person has training and a complete management of his life through the use of the strength of knowledge. The capability to acquire knowledge, hold and bypass it directly to the future generation makes the guy effective. It allows him to govern the forces of nature and use them for his gain.
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When you are known for failing to live up to your promises to stakeholders, you have a reputation for good character. true false
The statement when you are known for failing to live up to your promises to stakeholders, you have a reputation for good character is false.
Who are stakeholders?Stakeholders are people that involve in the day to day running of a business or day to day operation of business and this people ensures that the goals and objective of a business is achieved.
When a person does not keep up to their promises or words and often promise and fail that person does not have a reputation for good character.
Therefore the statement when you are known for failing to live up to your promises to stakeholders, you have a reputation for good character is false.
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Suppose the equilibrium rent in boston is $1,500. A rent ceiling of $1,600 per month leads to.
Suppose the equilibrium rent in Boston is $1,500. Ceiling rent $1,600 per month doesn't make a difference in the Boston apartment market.
The buying and selling transaction itself usually involve a bargaining process between the seller and the buyer. Both will seek a price that they mutually agreed upon and then the sale and purchase transaction will be carried out.
Basically, the equilibrium price is a price meeting point that is agreed by both parties for a sale and purchase transaction to occur. The interaction between sellers and buyers that causes buying and selling transactions is referred to as the market, so the equilibrium price is also commonly referred to as the market price.
The equilibrium price is formed because of a meeting between supply and demand. At the equilibrium price, the quantity demanded is equal to the quantity supplied. The equilibrium price can be obtained in 3 ways, namely a mathematical approach using a formula, a curve approach, and a table approach.
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In a pure command economy, the prices at which goods and services are sold are planned by the.
In a pure command economy, the prices at which goods and services are sold are planned by the central government.
In a pure command economy, centeral government set the prices for goods and services. The central government dictates the distribution of goods and services and controls the production of goods and services.
In a pure command economy, government fully controls the distribution and production of goods and services to control the monopoly, and prices and dictates the external entrance into the market. Because the goal of this type of economy to create equality in the society. While the free market system decides the prices of goods and services based on the relationship between demand and supply.
In a free market system, producers or private companies set production and produce goods and services based on the demand for these goods and services in the market.
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Firms are buyers and households are sellers in the _____ market.
a. stock
b. bond
c. labor product
d. underground
Firms are buyers and households are sellers in the bond market. Option B
This is further explained below.
What is the bond market.?Generally, The bond market is a financial marketplace where respondents can issue new debt, recognized as the primary market, or buy and sell treasury bonds, known as the secondary market.
This debt is typically issued in the form of bonds, but it may also take the form of notes, bills, and other financial instruments for both public and private expenditures.
In conclusion, On the bond market, businesses are buyers, while individuals and families are sellers. Alternative B
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