4. Explain Hofstede’s cultural dimensions. Explain
any two cultural dimensions with examples. (300 words)
Answers
Hofstede's cultural dimensions theory is a framework for cultural analysis, widely utilized in cross-cultural communication and cultural studies. The six cultural dimensions are Power Distance, Individualism vs. Collectivism, Masculinity vs. Femininity, Uncertainty Avoidance, Long-term Orientation vs. Short-term Orientation, and Indulgence vs. Restraint. Below are two of the cultural dimensions
The theory is based on six cultural dimensions that are used to explain and assess cultural differences across different countries, regions, and cultures. The six cultural dimensions are Power Distance, Individualism vs. Collectivism, Masculinity vs. Femininity, Uncertainty Avoidance, Long-term Orientation vs. Short-term Orientation, and Indulgence vs. Restraint. Below are two of the cultural dimensions. Power Distance, this dimension refers to the level of acceptance of hierarchical authority or power between people in a given society.
Societies with high power distance generally accept unequal power distribution and may have strict social hierarchies. For instance, in India, a high power distance society, people tend to accept and follow orders from people in positions of power without questioning their authority. In contrast, in Denmark, a low power distance society, people value equality, and people in positions of power are seen as equals. Individualism vs. Collectivism, this dimension refers to the extent to which people view themselves as independent individuals or as part of a group.
In individualistic societies, people value their personal freedom and independence, while in collectivist societies, people value social harmony and cooperation. For instance, in the United States, an individualistic society, people value personal achievement and self-expression. In contrast, in Japan, a collectivist society, people value group harmony and interpersonal relationships. So therefore framework for cultural analysis created by Geert Hofstede is framework for cultural analysis with six cultural dimensions, that are are Power Distance, Individualism vs. Collectivism, Masculinity vs. Femininity, Uncertainty Avoidance, Long-term Orientation vs. Short-term Orientation, and Indulgence vs. Restraint
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Related Questions
The idea generating technique most often used in writing business letters is
Answers
Answer:
free writing
Explanation:
1.An increase in the price of a good will
a. increase demand.
b. decrease demand.
c. increase quantity demanded.
d. decrease quantity demanded.
2.An increase in the price of a good will
a. increase supply.
b. decrease supply.
c. increase quantity supplied.
d. decrease quantity supplied.
3.An increase in price causes an increase in total revenue when demand is
a. elastic.
b. inelastic.
c. unit elastic.
d. All of the above are possible
4.Which of the following could be the price elasticity of demand for a good for which an increase in price would decrease revenue?
a. 0.6
b. 0.9
c. 1
d. 2.6
5.Other things equal, when the price of a good falls, the
a. quantity supplied of the good increases.
b. supply decreases.
c. quantity supplied of the good decreases.
d. demand increases.
Answers
1. An increase in the price of a good will decrease quantity demanded.
What is the price elasticity of demand?A good or service's price elasticity of demand is calculated by dividing the percentage change in the quantity demanded by the percentage change in the price. The relationship between price and demand is evaluated using the price elasticity of demand to determine how changes to one will impact the other. Consumer demand will react differently to price changes for every product. Thus, it's crucial to comprehend those variations when making crucial pricing decisions.
2. An increase in the price of a good will increase quantity supplied.
3. An increase in price causes an increase in total revenue when demand is inelastic.
4. The price elasticity of demand for a good for which an increase in price would decrease revenue 2.6
5. Other things equal, when the price of a good falls, the quantity supplied of the good increases.
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A cash flow statement can help you develop and determine budget categories.
a. True
O b. False
Answers
single order quantity inventory problem or newsboy problem:a hotel near the university always fills up on the evening before football games. history has shown that when the hotel is fully booked, the number of last-minute cancellations has a mean of 5 and standard deviation of 3. the average room rate is $80. when the hotel is overbooked, the policy is to find a room in a nearby hotel and to pay for the room for the customer. this usually costs the hotel approximately $200 since rooms booked on such late notice are expensive. how many rooms should the hotel overbook ?
Answers
The hotel cannot overbook a fractional number of rooms, the hotel should overbook 11 rooms to maximize their profit.
P(cancellation > x) = P(Z > (x - μ) / σ)
Profit = Revenue - Cost
Revenue = x * $80 (assuming all overbooked rooms are sold)
Cost = P(cancellation > x) * $200
Therefore, the hotel's expected profit can be expressed as:
Expected Profit = x * $80 - P(Z > (x - μ) / σ) * $200
d(Expected Profit) / dx = $80 - $200 * φ((x - μ) / σ) * (1 / σ) = 0
where φ is the standard normal probability density function. Solving for gives:
x = μ + σ * z
z = 1.645
Therefore, the optimal number of rooms to overbook is:
x = 5 + 3 * 1.645 ≈ 10.9
Revenue is the total amount of money a business earns through its operations, sales, and other sources of income during a specific period, usually a fiscal year. It is often referred to as the top line of a company's financial statement, which includes all the money received by the business before any deductions, such as expenses or taxes.
Revenue is a critical metric for businesses as it indicates the company's ability to generate income and is used to calculate important financial ratios like profit margins and earnings per share. A company's revenue can come from various sources, including the sale of goods or services, rental income, interest income, and capital gains.
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The Ace manufacturing company has orders for three similar products A 2150 B 550 C 1200 three machines are available for rhe manufacturing operations. All three machines can peoduce all the products at the same production rate. however, due to varying defect percentages of each product on the machine, the unit xosts of the products vary depedninf on the machine ised. machine capaciry for the next week and the unit costs are as follows 1 1450 2 1600 3 900 Machine 1 A 0.80 b 1.20 c 0.70 machine 2 A1.20 b. 1.30 C 1.20 macjine 3 A 0.90 B. 0.90 c 1.20
Answers
The Ace manufacturing company has orders for three similar products: A, B, and C. There are three machines available for manufacturing operations, and each machine has a different defect percentage for each product.
The unit costs of the products also vary depending on the machine used.
Next week, the machine capacities and unit costs are as follows:
Machine 1: Capacity - 1450 units, Unit costs - A: 0.80, B: 1.20, C: 0.70
Machine 2: Capacity - 1600 units, Unit costs - A: 1.20, B: 1.30, C: 1.20
Machine 3: Capacity - 900 units, Unit costs - A: 0.90, B: 0.90, C: 1.20
To determine the most cost-effective production plan, we need to consider the production rates, defect percentages, and unit costs for each product on each machine.
By calculating the total cost for each product on each machine, we can identify the machine that offers the lowest cost for each product.
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How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Information related to Harwick Co. is presented below.
A. Prepare the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system.
B. Assume that Harwick Co. paid the balance due to Botham Company on May 4 instead of April 15. Prepare the journal entry to record this payment.
1. On April 5, purchased merchandise from Botham Company for $23,000, terms 2/10, net/30, FOB shipping point.
2. On April 6, paid freight costs of $900 on merchandise purchased from Botham.
3. On April 7, purchased equipment on account for $26,000.
4. On April 8, returned damaged merchandise to Botham Company and was granted a $3,000 credit for returned merchandise.
5. On April 15, paid the amount due to Botham Company in full.
E5-2 General Journal
Date Account Titles Debit Credit
(a)
Apr. 5
6
7
8
15
(b)
May 4
Answers
Answer:
A.
April 5
Dr Merchandise inventory $23,000
Cr Accounts payable $23,000
April 6
Dr Merchandise inventory $900
Cr Cash $900
April 7
Dr Equipment $26,000
Cr Accounts payable $26,000
April 8
Dr Accounts payable $3,000
Cr Merchandise inventory $3,000
April 15
Dr Accounts payable $20,000
Cr Cash $19,600
Cr Merchandise inventory $400
B. Dr Accounts payable $20,000
Cr Cash $20,000
Explanation:
A. Preparation of the journal entries to record these transactions on the books of Harwick Co. under a perpetual inventory system.
April 5
Dr Merchandise inventory $23,000
Cr Accounts payable $23,000
April 6
Dr Merchandise inventory $900
Cr Cash $900
April 7
Dr Equipment $26,000
Cr Accounts payable $26,000
April 8
Dr Accounts payable $3,000
Cr Merchandise inventory $3,000
April 15
Dr Accounts payable $20,000
($23,000-$3,000)
Cr Cash $19,600
[$20,000*(100%-2%)]
Cr Merchandise inventory $400
($20,000-$19,600)
B. Preparation of the journal entry to record this payment Assume that Harwick Co. paid the balance due to Botham Company on May 4 instead of April 15.
May 4
Dr Accounts payable $20,000
Cr Cash $20,000
($23,000-$3,000)
Current liabilities are those obligations that are payable within ______ or the operating cycle whichever is ____.
Answers
Answer: one year; longer
Explanation:
Current liabilities are those obligations that are payable within one year or the operating cycle whichever is longer.
Current Liabilities are debt that a company owes that are due usually within a year but if the operating cycle of the business is longer then current liabilities will be those owed for the operating cycle.
Examples include; Accounts Payable, Interest payable, Income taxes payable and bank overdrafts.
Which represents the greatest acceleration?
200 m/s
200 cm/s2
0.020 km/s2
0.002 km/s2
Answers
Answer:
(3) 0.020km/s²
Explanation:
The option with greatest acceleration is the one with greatest magnitude.
To do this, we have to analyse each if the given options.
1. 200m/s.
This doesn't represent acceleration because acceleration is not measured in m/s. Rather, this option is a measure of velocity..
2. 200 cm/s²
[Convert to m/s²]
= 200 / 100 m/s²
= 2 m/s²
3. 0.020 km/s²
[Convert to m/s²]
= 0.020 * 1000m/s²
= 20m/s²
4. 0.002 km/s²
[Convert to m/s²]
= 0.002 * 1000 m/s²
= 2m/s²
By comparison options 1 through 4, option (3) has the highest magnitude of acceleration.
Hence, 0.020km/s² is the highest acceleration
which type of manufacturing involves removing material to make a finished product?
Answers
The type of manufacturing that involves removing material to make a finished product is called subtractive manufacturing.
Subtractive manufacturing is a type of manufacturing process in which a raw material is used to create a finished product by removing material. This process involves using various cutting tools and machines, such as lathes, mills, and saws, to remove material from the raw material in the shape of the desired product. The process is also called subtractive engineering or subtractive fabrication.
In subtractive manufacturing, the raw material is typically a block of metal, wood, plastic, or other material, which is cut and shaped into the desired product using a variety of tools and machines. The process can be used to create a wide range of products, from simple shapes and designs to complex, intricate structures.
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How is a credit union different from a bank?
O Acredit union offers services to companies instead of individuals.
A credit union only offers credit, it does not store money.
Acredit union is usually larger than a bank.
O A credit union is owned by its customers.
Answers
Answer:
a credit union is owned by its costumers (D)
Explanation:
i took the assignment!!
American Engineering, Inc., defends against a breach-of-contract suit by Beta Corporation by claiming that the consideration for their contract was inadequate. A court will not normally evaluate the adequacy of consideration unless it is
Group of answer choices
a. a service.
b. in the form of a forbearance.
c. not yet paid.
d. grossly inadequate.
Answers
Answer:
D)grossly inadequate.
Explanation:
From the question we are informed about American Engineering, Inc., defends against a breach-of-contract suit by Beta Corporation by claiming that the consideration for their contract was inadequate. In this case A court will not normally evaluate the adequacy of consideration unless it is
grossly inadequate. Grossly inadequate consideration is possible to be reviewed by the court when there is a contract dispute. However Consideration does not involve things that both parties were required to carry out under law because it does not add anything to additional value.
Sun Do sells key chains with leather fobs for $12 and $9. The key chains are very similar and have identical manufacturing costs. The difference is that the stitching on the leather fob is in a less precise pattern on the $9 key chain than it is on the $12 key chains. What approach to price discrimination is Sun Do using
Answers
Answer:
offering imperfect goods as part of the hurdle method
Explanation:
1. Pertaining to cash dividends, on which date is retained earnings decreased and liabilities increased? a. date of declaration. b. ex-dividend date. c. date of record. d. date of payment.
Answers
Pertaining to cash dividends, retained earnings are decreased and liabilities are increased on the date of declaration. The correct option is (a).
1. The board of directors declares a cash dividend on the declaration date. This is when the decision to distribute a dividend to shareholders is made.
2. On the declaration date, the company's retained earnings account is decreased by the total amount of the declared dividend. This is because the company is setting aside a portion of its profits to be distributed to shareholders.
3. Simultaneously, a liability is created in the form of dividends payable, which represents the company's obligation to pay the declared dividends to its shareholders. This increases the company's liabilities.
4. The ex-dividend date, date of record, and date of payment are important dates in the dividend process, but they do not affect retained earnings or liabilities directly. The ex-dividend date determines when a stock begins trading without the dividend; the date of record identifies the shareholders eligible to receive the dividend, and the date of payment is when the dividend is actually paid to shareholders.In summary, the date of declaration is when retained earnings are decreased and liabilities are increased due to cash dividends.
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Which qualifications are most helpful for Foreign Service Careers? Check all that apply.
Foreign language skills
Stress management skills
Design skills
Independence
Math skills
Adaptability and flexibility
Answer: foreign language skills, stress management skills, and adaptability and flexibility
Answers
Answer:here's the right answer for this question
Explanation:edge2023
Requirement is to choose 3 worksheet entries (columns E and F) to discuss. Please explain why the worksheet entry is a debit or credit (or a combination of the two) and how the cash flow statement is impacted. Does this result in an addition to cash or a decrease to cash?
Example: Cash Account - the account balance increased $2,700 from 12/31/18 to 12/31/19 due to numerous cash entries experienced in this timeframe. The net increase in cash is reported in the Cash Flow statement Pg. 21-32 as $2,700. Beginning cash was $3,200 and ending Cash was $5,900 which foots to the Balance Sheet. This item cannot be utilized as one of your three required worksheet entry responses.
Answers
The three chosen worksheet entries to discuss are
1. Accounts Receivable
2. Sales Revenue
3. Accounts Payable
1. Accounts Receivable - Column E: This entry represents the amount of money owed to the company by its customers for goods or services sold on credit. It is recorded as a debit because it represents an increase in the company's assets (amounts owed to the company).
On the cash flow statement, an increase in accounts receivable would be subtracted from net income in the operating activities section, as it indicates that cash has not yet been received from the customers.
2. Sales Revenue - Column F: This entry represents the total amount of revenue generated from sales of goods or services. It is recorded as a credit because it represents an increase in the company's income or revenue.
On the cash flow statement, an increase in sales revenue does not directly impact cash flow since it represents revenue earned, but it does contribute to the calculation of net income.
3. Accounts Payable - Column E: This entry represents the amount of money the company owes to its suppliers or vendors for goods or services received on credit. It is recorded as a credit because it represents an increase in the company's liabilities (amounts owed by the company).
On the cash flow statement, an increase in accounts payable would be added to net income in the operating activities section, as it indicates that cash has not yet been paid to the suppliers or vendors.
In summary, an increase in accounts receivable would result in a decrease in cash on the cash flow statement, while an increase in sales revenue and accounts payable would not directly impact cash flow.
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Requirement is to choose 3 worksheet entries (columns E and F) to discuss. Please explain why the worksheet entry is a debit or credit (or a combination of the two) and how the cash flow statement is impacted. Does this result in an addition to cash or a decrease to cash?
Example: Cash Account - the account balance increased $2,700 from 12/31/18 to 12/31/19 due to numerous cash entries experienced in this timeframe. The net increase in cash is reported in the Cash Flow statement Pg. 21-32 as $2,700. Beginning cash was $3,200 and ending Cash was $5,900 which foots to the Balance Sheet. This item cannot be utilized as one of your three required worksheet entry responses.
Business Ethics Nine-point Checklist Questions
You own a business in the United States that you have determined needs to move out of the country in order to survive. Choose one of the companies below to complete your quiz.
As you prepare to leave, you need to identify those who are helped (individuals in the new country) and those who are hurt. Next, you need to define your ethical responsibilities to all your shareholders (the individuals in the US).
Choose one of these companies as your company to answer the Business Ethics Checklist.
Apple
IBM
Cisco Systems
Nike
Wal-Mart
What are the facts? Who is affected? Is there an ethical problem? Is it simply right vs. wrong? Is this an ethical dilemma: Right vs. wrong? What resolution principles might be applied? What are your options? Is there a third way? Reflect on why you think this is the best decision? PLEASE SOMEONE HELP ASAP!!!!!!!
YOULL GET 100 POINTS!!!!
Answers
The business Ethics Nine-Point Checklist aids in making ethical decisions. The one for Wal-Mart is as follows:
The background: I'm leaving and I have to identify those who have helped and those who have hurt.The facts? I will be leaving and I have to ensure that my absence does not hurt the company.Who is affected? The company as a whole will be affected if I don't put proper succession plans in placeIs there an ethical problem? Yes. My responsibility within the company is to ensure that the company continues to exist and function legally and separately from my person so that other stakeholders (staff and investors) are not put at a disadvantage.Dilemma? The dilemma only exists if the solution to my absence is such a difficult one. The conflict is between my personal interests and that of the company.What resolution principles may be applied? Succession planning and change management is crucial in this case.Is there a third way? Yes. The third way would be to reexamine the reason why I want to leave in the first place and see if there is a possible solution to thatWhat is the best decision? This would be dependent on a lot of subjective factors.What is ethics?Ethics, often known as moral philosophy, is a philosophical field that "involves systematizing, defending, and advocating conceptions of good and bad action." The field of ethics, like aesthetics, is concerned with considerations of worth; together, these subjects compose the branch of philosophy known as axiology.
The Fundamental Ethics Principles The four ethical principles are beneficence, nonmaleficence, autonomy, and justice.
Ethics is what motivates us to speak the truth, honor our promises, and assist those in need. On a daily level, an ethical framework underpins our lives, assisting us in making decisions that have a good influence and directing us away from unjust consequences.
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The acme global corporation needed to hire 30 new advertising sales agents. the applicant pool consisted of 100 african-american males and 100 white males. of the 200 applicants, acme global hired 10 of the african-american males and 20 of the white males. is there evidence of disparate impact?
Answers
Answer:
Yes, because it doesn't comply with the four-fifths rule.
Explanation:
First we must establish the selection rate for both groups:
whites = 20 / 100 = 20% selectedAfrican American = 10 / 100 = 10% selectedthe four-fifths rule establishes that at least 20% x 4/5 = 16% of all African American candidates should have been selected, but only 10% were selected.
What is suggestive selling? Have you experienced an example of this? If so, describe the experience. Why do restaurants use suggestive selling?
Answers
Answer:
Explanation:
Suggestive selling is when someone recommends a better version of the product which you are purchasing or even recommends another totally different product that may suit your individual needs better. Almost everyone has experienced this in some capacity before. For example, any time you go to a fast-food chain they always ask if you would like to increase the size of your order (super-size) for a small additional fee. This is suggestive up-selling, and companies do this because they make additional profit from these items that they are suggesting.
A 65-year old individual has just retired after working for the same employer for 20 years. He will collect an annual pension benefit of $50,000, but is not yet ready to stop working. He has lined up a part-time job that will pay $3,000 this coming year. How much can he contribute to a Traditional Individual Retirement Account for his first year in retirement
Answers
Answer:
$3,000
Explanation:
Based on the information given we were told that he has a PART-TIME JOB THAT WILL PAY him the amount of $3,000 this coming year which means that the amount he can contribute to a TRADITIONAL INDIVIDUAL RETIREMENT ACCOUNT for his first year in retirement will be the EARNED INCOME of the amount of $3,000 which will therefore be his maximum INDIVIDUAL RETIREMENT ACCOUNT (IRA) contribution for this year.
Which type of persuasion approach involves encouraging a person to agree to a small favor or to buy a small item, only to later request a larger favor or purchase of a larger item?.
Answers
The foot-in-the-door technique is the persuasion approach that involves encouragment of person to agree to a small favor only to later request a larger favor.
What is the foot-in-the-door technique?This is an approach that involves assuming to agreeing to a small request that increases the likelihood of agreeing to a second or larger request.
In conclusion, this persuausive approach is a technique majorly used by salespeople to persuade sceptical customers.
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how to reach out to a hiring manager after applying
Answers
Send a polite and concise follow-up email to the hiring manager after applying, expressing your continued interest in the position and inquiring about the application status.
After applying for a job, it can be beneficial to reach out to the hiring manager to express your continued interest and inquire about the status of your application. Here are some steps to follow:
1. Timing: Wait for an appropriate amount of time, typically around one to two weeks, before reaching out. This allows the hiring manager sufficient time to review applications.
2. Email format: Craft a professional and concise email that includes a subject line indicating your application and the position you applied for.
3. Polite tone: Begin the email by expressing gratitude for the opportunity to apply and briefly mention why you are interested in the role. Remain polite, respectful, and professional throughout the email.
4. Inquiry: Inquire about the status of your application and ask if the hiring manager requires any additional information or documentation.
5. Follow instructions: If the job posting explicitly states not to follow up, respect those instructions and refrain from reaching out.
Remember to proofread your email for any errors before sending it. Following up demonstrates your enthusiasm for the position and can help you stand out among other candidates, but it is important to maintain a respectful and professional approach throughout the process.
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what three subjects is the financial manager concerned with?
Answers
A financial manager is typically concerned with three main subjects: financial planning and analysis, investment management, and financial risk management.
What is the difference between them?Financial planning and analysis involve creating long-term financial plans and budgets and analyzing the financial performance of the organization. This includes forecasting future revenues and expenses and identifying areas where the organization can cut costs or increase revenue.
Investment management involves making decisions about how to invest the organization's money, such as in stocks, bonds, real estate, or other assets. This includes assessing the potential returns and risks of different investments and making decisions about how much to invest in each.
Financial risk management involves identifying, assessing, and mitigating financial risks that the organization may face. This includes assessing the potential impact of various risks, such as market risk, credit risk, and operational risk, and implementing strategies to minimize or manage those risks. This can include things like hedging, diversifying investments, or purchasing insurance.
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increasing inventories between sequential work units tends to reduce potential conflict by:_____.
Answers
Increasing inventories between sequential work units tends to reduce potential conflict by buffering any variations in production rates, allowing each work unit to operate independently.
By maintaining higher inventories, organizations can absorb fluctuations in production rates, delays, or disruptions that may occur between sequential work units. This buffer acts as a cushion, allowing each work unit to operate at its own pace without causing conflicts or bottlenecks due to dependencies on other units. If one work unit experiences a temporary setback or slowdown, the excess inventory can be used to bridge the gap and maintain a continuous workflow. This approach reduces the likelihood of conflicts arising from delays or imbalances between different stages of the production process, promoting a more efficient and harmonious operation.
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List qualities a good manager should have. What are the advantages and drawbacks of being in a position of authority?The qualities of a good manager are:The advantages of being a manager are:The drawbacks of being a manager are:
Answers
After struggling with the accounting training, Peter is unsure whether he can complete the end-of-year financial reporting with no errors in the time allotted. In this case, Peter is low on the ______ element of expectancy theory.
Answers
Answer: expectancy
Explanation:
From the question, we are informed that Peter struggled with the accounting training, and as a result is unsure whether he can complete the end-of-year financial reporting with no errors in the time allotted.
This shows that Peter is low on the expectancy element of expectancy theory. Expectancy element in the expectancy theory is when one has the belief that his or her effort will lead to the achievement of ones goals and objectives.
what does the abbreviation of CD stand for. (this is financial i put it under business because it is the closest thing to financial literacy)
A. certificate of disposal
B.certificate of interest
C.credit of deferral
D.certificate of deposit
Answers
Answer:
D) certificate of deposit.
Explanation:
A company has an EPS of $1.65, a book value per share of $14.85, and a market/book ratio of 2.1×. What is its P/E ratio? Do not round intermediate calculations. Round your answer to two decimal places.
Answers
The company's P/E (price-to-earnings) ratio is 20.79. The P/E ratio is calculated by dividing the market price per share by the earnings per share (EPS).
To determine the market price per share, we multiply the book value per share by the market/book ratio. In this case, the market price per share is $31.19 (14.85 × 2.1).
Dividing this by the EPS of $1.65 gives us the P/E ratio of approximately 18.91.
The P/E ratio is a commonly used valuation metric that indicates the price investors are willing to pay for each dollar of earnings generated by a company. In this scenario, the market/book ratio provides the relationship between the market price and the book value per share. By multiplying the book value per share by the market/book ratio, we estimate the market price per share. Then, by dividing the market price per share by the EPS, we arrive at the P/E ratio. Rounded to two decimal places, the company's P/E ratio is approximately 20.79.
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A local government spent 82 percent of the $12,500 budgeted for snow removal. how much of the budgeted money for snow removal was not spent?
Answers
The total money of the budgeted money for snow removal that was not spent - $2250
What is meant by a government budget?A government budget is a document that details the projected income and expenditures for a certain fiscal year for a given governing body.
Government spending plans frequently need legislative approval and are vulnerable to political pressure from interest groups vying for funding.
Money spent on snow removal - 82% of 12500
= 82 / 100 × 12500
= 10250
According to the question,
= 12500 - 10250
= 2250
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If a company receives $11,400 from a client for services provided, the effect on the accounting equation would be:________
Answers
If a company receives $11,400 from a client for services provided, the effect on the accounting equation would be: increase in assets and equity
What is accounting equation?
The accounting equation indicates that all assets of a company are financed from equity and liabilities, in essence, total assets are the same as the sum of equity and liabilities
assets=equity+ liabilities
A receipt of $11,400 for services provided would impact assets, in that cash would increase, which means assets would increase by $11,400 and also on the premise that such services were provided for cash, the sales revenue which flows into equity would also increase.
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