A document that is used to chronologically record a business's debit and credit transactions are called a general journal.
The general Ledger is a monetary report of all transactions and balances for a given entity. it's miles a chief aspect of a corporation's accounting system and affords a first and maximum critical reason of journalizing transactions is to maintain your commercial enterprise' budget accurate and properly organized. The magazine records these records chronologically, through debits and credit, which makes the information clear to evaluate and accounting mistakes smooth to spot.
Chronological precis of all monetary pastimes. Chronological is a sorting approach where items are organized by using their incidence in time. In most instances, these objects a separated through specific dates or times of day inside a date. The photograph is an instance of files indexed in chronological order in the Microsoft home windows File Explorer.
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Identify the examples of good internal control designed to protect over-the-counter cash receipts. (Check all that apply.)
A. The clerk and the cashier have access to cash, but not to the accounting records.
B. The cash register should hold a temporary record of the transaction.
C. The clerk who has access to cash in the register should have access to its locked-in record.
D. Clerks should be required to give the customer a receipt for each sale.
Answer:
A- A. The clerk and the cashier have access to cash, but not to the accounting records
The examples of good internal control designed to protect over-the-counter cash receipts is the clerk and the cashier have access to cash, but not to the accounting records. Thus option A is correct.
What is internal control?Internal controls are defined as the procedures and records that assure the accuracy of financial and accounting data and help to avoid fraud.
It is a meant to provide reasonable assurance: that the information is trustworthy, accurate, and timely In terms of adhering to applicable rules, regulations, contracts, policies, and processes.
There are three types of internal controls.
Preventive controlCorrective controlDetective controlThe major objective of internal controls is
Effective business management.Asset protectionFinancial record completeness and accuracyFinancial statements must be prepared on timeThus. the examples of good internal control designed to protect over-the-counter cash receipts is the clerk and the cashier have access to cash, but not to the accounting records. Thus option A is correct.
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the saturn corporation is incorporated in tennessee, but its corporate headquarters is in delware. as a result, the saturn corporation is:
Since Saturn Corporation is incorporated in Tennessee and headquarter is in Delaware, it will be considered a citizen of both the cities
A corporation is a kind of legal body established by shareholders, stockholders, or other private entities with the goal of generating a profit. Corporations are able to sign contracts, bring legal actions and defend legal actions, own property, pay state and federal taxes, and take out loans from banks.
Before a corporation can start operating, a governing board must be appointed, and the board's members are chosen by shareholders at the annual meeting of shareholders. Each shareholder has one vote and is not needed to participate in the daily operations of the company. However, stockholders can choose to serve on the corporation's board of trustees or as executive officers.
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Which is the first central bank in the world Mcq?
Answer:
In 1668, the Riksdag, Sweden's parliament, decided to found Riksens Ständers Bank (the Estates of the Realm Bank), which in 1867 received the name Sveriges Riksbank. The Riksbank is thus the world's oldest central bank.
Hope This Helps You if it Doesn't Sorry And Have a Nice Day. : )
What are the similarities between input and output devices
Input and output devices are integral components of computer systems that facilitate communication and interaction between users and the computer. Although they have distinct functions, there are several similarities between input and output devices:
Connection: Both input and output devices are connected to the computer system through various interfaces or ports. These connections allow for the transmission of data between the devices and the computer, enabling input and output operations.
Peripheral Devices: Input and output devices are considered peripheral devices because they are external to the central processing unit (CPU) of the computer. They extend the functionality and usability of the computer system.
User Interaction: Both input and output devices enable users to interact with the computer system. Input devices allow users to input data, commands, and instructions into the computer, while output devices present the processed information or results to the users in a perceivable form.
Usage Scenarios: Input and output devices are used in various scenarios and applications. Input devices are utilized for tasks such as typing, clicking, scanning, and capturing data from external sources. Output devices are employed for tasks like displaying text, images, videos, and generating hard copies of documents.
Data Flow: Input devices collect data from external sources and transmit it to the computer system for processing. Output devices receive processed data from the computer system and present it to the user in a readable or perceivable format.
Support for User Tasks: Both input and output devices support users in performing tasks and interacting with computer applications. Input devices provide the means for users to provide instructions, enter data, and interact with software applications. Output devices present the results, responses, or visual representation of the computer's output to users.
Overall, while input devices focus on collecting and transmitting data from external sources to the computer system, output devices focus on presenting the processed information to the user. Despite their distinct roles, input and output devices share commonalities in terms of their connection, user interaction, peripheral nature, and support for various tasks in computer systems.
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Grupo Basso bonds yield 8.32%, mature in 10 years, and sell for $978.50. The firm's policy is to use a risk premium of 8 percentage points when using the bond-yield-plus- risk-premium method to find Rs. The firm could sell, at par, $100 preferred stock, which pays a 12 percent of par annual dividend, but flotation costs will be 5 percent. What is Grupo Basso's cost of retained earnings using the bond-yield-plus-risk-premium approach? (Omit % sign and answer with 2 decimal places, X.XX percent)'
Given:Yield to maturity = 8.32%Price = $978.50Risk premium = 8%Par value of preferred stock = $100Dividend = 12%Flotation cost = 5%.
We need to calculate the cost of retained earnings using the bond-yield-plus-risk-premium approach Steps to find the cost of retained earnings using the bond-yield-plus-risk-premium approach:Step 1: Calculate the current price of preferred stock, which pays 12% dividend.
Current price of preferred stock = $100 - (5% x $100) = $95 Dividend per share = 12% of $100 = $12 per shareDividend yield = $12 / $95 = 0.1263 or 12.63%Step 2: Calculate the cost of retained earnings.Cost of retained earnings = Bond yield + Risk premium= Yield to maturity of bond + Risk premium= 8.32% + 8% = 16.32%.
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Steel Pier Company has issued bonds that pay semiannually with the following characteristics: Coupon Yield to Maturity Maturity McCaulay Duration 10% 10% 10 years 6.76 years If the bond's coupon was smaller than 10%, the modified duration would be compared to the original modified duration The answer depends on the original modified duration Unchanged Larger There is not enough information to determine the direction of change Smaller
A lower coupon rate would result in a higher yield to maturity, which would cause the bond's duration to increase. If the bond's coupon was smaller than 10%, the modified duration would be compared to the original modified duration, it would be larger.
Bonds are a type of fixed-income investment that pays interest to investors for the use of their money over time. When an entity requires to borrow money, it can issue bonds to finance its operations, which can be purchased by investors. A bond is essentially an IOU, in which the borrower agrees to repay the borrowed sum along with interest to the investor.
The bond yield to maturity bonds is primarily bought and sold based on their yield to maturity, which is the rate at which an investor expects to earn on a bond if it is held until maturity. It is expressed as an annual percentage rate (APR). If the bond's coupon rate was less than 10%, the modified duration would be compared to the original modified duration. The modified duration would be greater than the original modified duration in this scenario. This is because the bond's coupon rate determines its yield to maturity, which affects its duration. A lower coupon rate would result in a higher yield to maturity, which would cause the bond's duration to increase.
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A company enters into a short-term operating lease to use construction equipment for $3,000 per month. The journal entry to record one month's rent would include a debit to the _______ account.
The journal entry to record one month's rent for the short-term operating lease of construction equipment would include a debit to the "Rent Expense" account.
The "Rent Expense" account is a nominal expense account used to record the cost of renting or leasing assets for a specific period. It is a temporary account that captures the cost of utilizing the equipment for the month.
The journal entry would typically be as follows:
Debit: Rent Expense $3,000
Credit: Cash/Bank or Accounts Payable (if not paid immediately) $3,000
The debit to the "Rent Expense" account increases the expense, reflecting the cost incurred by the company for using the construction equipment. This entry recognizes the expense and reduces the company's net income for the period. The corresponding credit reflects the cash payment made or the liability created if payment is deferred.
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Why might some investors become careless about their portfolios ?
Mortgages may still, but only rarely, contain which of the following clauses?
1. Alienation clause
2. Amortization clause
3. Prepayment penalty clause
4. Underwriting clause
Mortgages may still contain an alienation clause and prepayment penalty clause, but only rarely. Amortization clauses and underwriting clauses are now standard in most mortgage agreements. Therefore, the correct answer is options 1 and 3.
An alienation clause, also known as a due-on-sale clause, allows the lender to demand full payment of the mortgage if the property is sold or transferred to a new owner. This type of clause is rarely used in modern mortgages, as it can make it challenging for homeowners to sell or refinance their property.
A prepayment penalty clause allows the lender to charge a fee if the borrower pays off the mortgage before the end of the term. While these clauses are less common than they used to be, they can still be found in some mortgages.
Borrowers should be aware of any prepayment penalties before signing a mortgage agreement, as they can add significant costs to refinancing or selling a property.
Amortization clauses and underwriting clauses are common in modern mortgages. An amortization clause sets out the schedule for paying off the mortgage principal and interest over time, while an underwriting clause establishes the conditions that must be met for the mortgage to be approved.
In summary, while mortgages may still contain an alienation clause and prepayment penalty clause, they are less common than in the past. Amortization clauses and underwriting clauses are now standard in most mortgage agreements.
Borrowers should be aware of any potential penalties or fees before agreeing to a mortgage. Therefore, the correct answer is options 1 and 3.
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Sarai spends her day checking through boxes of built product to ensure accuracy in production. She makes sure there is enough product to meet the demand. Based on her tasks, which is most likely her career? Manufacturing Production Process Development Maintenance, Installation, and Repair Logistics and Inventory Control Health, Safety, and Environmental Assurance.
Based on the fact that Sarai is usually making sure there is enough supply, she is most likely a Logistics and Inventory Control officer.
What does a Logistics and Inventory Control officer do?They make sure that the company has enough inventory to meet the demands of customers.
They also check the purchases that the company acquires for quality and accuracy before they can be sold to customers. This is what Sarai does.
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Answer:
Logistics and Inventory Control
Explanation:
Good Luck
Purves Corporation is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121,000 and 10,000 direct labor-hours for the period. The company incurred actual total fixed manufacturing overhead of $113,000 and 10,900 total direct labor-hours during the period. The predetermined overhead rate is closest to:
Answer:
The predetermined overhead rate is closest to $12.10 per hour
Explanation:
Predetermined overhead rate = (Estimated total fixed manufacturing overhead / Estimated direct labor hours)
Predetermined overhead rate =($121,000 / 10,000)
Predetermined overhead rate = $12.10 per hour
Assume that instead of the military-equipment issue, Thomas's religion required that he take a break at noon every day to take illegal drugs. The drugs are considered "Schedule 1" drugs, meaning the government has evaluated them and determined that the drugs have no medicinal value but have a high risk of addiction or serve as "gateway" drugs, leading users to even more serious drugs. The state relies on studies linking drug use to criminal activity and violence.
Answer:
CompellingValidExplanation:
A compelling interest refers to a choice that is not made out of choice but out of necessity. In Thomas's case, as the drug is considered a gateway drug that might get him addicted to others that might then lead him to a life of crime, it is necessary that his actions are nipped in the bud and that would work by violating Thomas's religious freedom and justifiably so.
If the court considers the state's reasons sufficient, then the regulation that violated Thomas's religious freedom is valid and should not be struck down because it is the only way that the Governmental objective of lower crime can be achieved in this instance.
Inventions and innovations can lead to increased efficiency and production. Which is the correct match of invention with its impact on expanding business in texas after the civil war?.
It should be noted that the invention of railroad after the Civil War was important to the development of the economy.
What is invention?Your information is incomplete. Therefore, an overview will be given. An invention simply means the process that beings about an improvement in the society.
It should be noted that Inventions and innovations can lead to increased efficiency and production. An invention that expanded usiness in Texas after the civil war was the introduction of trains.
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You wish to export certain high-tech consumer products to south korea. You are unsure of korean technical standards for the products and have no access to a local, reliable korean-english translator. You need a good english translation. What is a good place for you to check into obtaining one?
To export certain high-tech consumer products to the South Korea. You are unsure of Korean technical standards for the products and have no access to a local, reliable for Korean-English translator. You need a good English translation. A good place to check into obtaining one is "KATS".
The good place to check for obtaining a good English translation of Korean technical standards for your high-tech consumer products would be the website of the Korean Agency for Technology and Standards (KATS).
They provide information on technical regulations, standards, and conformity assessment procedures for the various products with including high-tech consumer products.
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Requiring managers to prepare the budgets from scratch or zero-base may help them to overcome the problem of:
Answer: Excessive cost
Explanation:
Zero-based budgeting is the sort of budgeting where when income is subtracted from expenses it gives zero. This sort of budgeting puts a measure of the expenses, it ensures the expenses matches the income. The purpose of the budget plan is to justify expenses and optimize cost, thereby look out for cost effective ways to plan and avoid inflated budgets. It primarily guides against excessive costs on projects.
Which of the following can help consumers with excessive debt negotiate with lenders to reduce interest rates and fees?
a
Bankruptcy lawyer
b
Credit counseling service
c
Federal Trade Commission
d
Financial Protection Bureau
Answer:
Credit counseling service
Explanation:
Credit counseling services are offered by not-for-profit organizations to assist individuals and firms plan how to pay off outstanding debts. Credit counselors are specialists in debt management. They offer their clients debt management advice and help them make debt repayment plans.
Credit counseling services make debt repayment easy and manageable. Credit counselors sometimes negotiate for reduced monthly payments and lower interest rates.
Now suppose that there is an option to abandon the project after 1 year! so the project costs $137,000 to begin today. this begins phase 1 there is learning involved in the first year. proceed to phase 2 only if phase 1 is promising. there is a 10% chance that phase 1 will be promising. if phase 1 is promising invest $2.75 million next year and build the plant. it will generate $350,000 per year forever (starting the year after) and is almost risk free. if phase 1 is not promising abandon the project.. what is the npv of the project? company wacc
-$122,119.05 is the npv of the project if there is an option to abandon the project after 1 year! so the project costs $137,000 to begin today.
Present Value of infinite Cash Flows = Cash Flow per year / WACC
NPV of Project = (Probability of Phase 2 * NPV of Phase 2) + (Probability of no Phase 2 * NPV of no Phase 2) - Cash Outflow for Phase 1
NPV of Project = -$122,119.05
Cash flow is the net amount of cash and cash equivalents coming into and going out of a business. Inflows are represented by money received, and outflows are represented by money spent.
Ability to generate positive cash flows, or more specifically, potential to maximize long-term free cash flow, is ultimately what determines a company's ability to create value for shareholders (FCF). After deducting any funds used for capital expenditures, a company's free cash flow (FCF) is the cash it generates from its regular business activities.
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Section three of a business plan describes which of the following?
A. Business description and analysis
B. Organization and marketing plan
C. Financial plan
D. Promotional activities
Answer:
B. organization and marketing plan
Section three of a business plan describes Organization and marketing plan. Thus option B is correct.
What is a business plan?A business plan is an outline that describes in great depth the goals and the company's goals. A business plan outlines a documented strategy for the company's operations, finances, and branding.
Management and marketing strategy are covered in Section 3 of a marketing strategy. a statement of your company and the particular customer issue you are solving, so the reader knows what you are attempting to accomplish.
The process of determining a company's purpose for being, identifying objectives targeted at attaining its maximum capabilities, and developing progressively distinct duties to achieve those objectives is known as organizational planning.
Therefore, option B is the correct option.
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The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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Select all that apply.
Learning styles include all of the following:
bodily/kinesthetic
verbal/linguistic
naturalistic
personal
Answer:
bodily/kinesthetic
verbal/linguistic
Explanation:
Learning styles can be regarded as range of competing as well as contested theories which analyse
differences that exist learning of in individuals. It should be noted that the Learning styles includes
✓bodily/kinesthetic
✓verbal/linguistic
Answer:
verbal/linguistic
bodily/kinesthetic
naturalistic
Explanation:
checked answer on Odyssey
Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.
Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Is this a good idea?
Yes
No
Answer:
NO edge 2023
Explanation:
How can you use these questions to help you better develop your own leadership skills? Explain
Answer:
I can use these questions to help me better develop my own leadership skills by setting long-term goals. I think goals could really help in the future and if we complete them, that is even better. By setting long-term goals, you can prepare and plan for the future.
Explanation:
Hope this helps.
Gracie co. Has current assets of $32,000, long-term assets of $58,000, current liabilities of $14,000, and long-term liabilities of $20,000. Calculate stockholders’ equity.
The equity of the stockholders will be $56,000.
What exactly is stockholder equity?
Stockholders' equity, also known as shareholders' or owners' equity, is the number of assets accessible to shareholders after all liabilities have been paid. It is measured as a firm's total assets less total liabilities, or as the sum of share capital and retained earnings less treasury shares.
Stockholders' equity may include common stock, paid-in capital, retained earnings, and treasury stock. Stockholders' equity can be used to evaluate the cash held by a company. If this value is negative, it may signal that the company is about to declare bankruptcy, especially if it has a substantial debt load.
Calculation:
Gracie Co. has $32,000 in current assets, $58,000 in long-term assets, $14,000 in current liabilities, and $20,000 in long-term liabilities. Determine the equity of investors.
32,000 + 58,000 = 90,000 in assets
14,000 liabilities = 20,000 liabilities = 34,000 liabilities
Liabilities plus stockholder equity equals assets.
or:
Stockholder equity equals assets minus liabilities.
90,000 - 34,000 = shareholder equity
$56,000 in shareholder equity.
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Question 12 When you get a vaccine, it benefits others because you can't get them sick. If left to the free market, the socially optimal amount of vaccines would be produced. vaccines would be underproduced. vaccines would be overproduced.
Answer:
yup you are right i think so idrk
regan grows flowers and makes ceramic vases. jayson also grows flowers and makes ceramic vases, but regan is better at producing both goods. in this case, trade could
In this case, trade could be facilitated through barter, an exchange of goods or services without the use of money. Regan could offer to give Jayson some of his flowers and vases in exchange for some of Jayson's flowers and vases.
What do you mean by barter?
Barter is the process of exchanging goods and services between two or more parties without using money to settle the transaction. In barter, one party offers a good or service, and the other offers a good or service in return. Barter is an ancient form of trade, and one of the oldest means of exchanging goods and services. It is also a form of trade that is still used today in many parts of the world. Barter allows individuals or businesses to obtain goods and services without the need for money, and it can provide an alternate means of exchange when traditional methods of payment are not available.
This type of trade is especially common in rural areas and can help both parties to get what they need without the need for money.
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fox corp. owned 2,000 shares of duffy corp. stock that it bought in year 0 for $9 per share. in year 8, when the fair market value of the duffy stock was $20 per share, fox distributed this stock to a noncorporate shareholder. fox's recognized gain on this distribution was:
When answering questions on the Brainly platform, you should always be factually accurate, professional, and friendly. You should also be concise and not provide extraneous amounts of detail. It is important to address the specific question being asked and to use relevant terms or concepts in your answer
.For the given question:Fox Corp. owned 2,000 shares of Duffy Corp. stock that it bought in year 0 for $9 per share. In year 8, when the fair market value of the Duffy stock was $20 per share, Fox distributed this stock to a noncorporate shareholder. Fox's recognized gain on this distribution was:To find out Fox's recognized gain on this distribution, we need to first calculate the fair market value of the shares at the time of distribution. As given, the fair market value of each share at that time was $20. Therefore, the total value of 2,000 shares would be $20 x 2,000 = $40,000.Next, we need to find out the basis of the shares. Fox had bought the shares at $9 per share, so the total basis would be $9 x 2,000 = $18,000.Since Fox distributed the shares at the fair market value, it realized a gain of $40,000 - $18,000 = $22,000. This gain will be subject to tax, and Fox will have to recognize it as a taxable gain. Therefore, Fox's recognized gain on this distribution is $22,000.Answer: $22,000
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Find an article dealing with an opinion poll on a local, state ,or national issue. Write a paragraph summary of when and how the poll was conducted, and what the results indicated.
our self-talk consists of words pictures and emotions. as we imprint our affirmations we
Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.
What are the four categories of self-talk?Your inner discourse is known as self-talk.
Personalizing. You own all of the guilt for yourself.
Magnifying.
Catastrophizing.
Polarizing.
What are the five tiers of one's own self-talk?Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.
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Preparing Flexible Budget for Manufacturing Costs [LO 9-2] Olive Company makes silver belt buckles. The company's master budget appears in the first column of the table. Required: Complete the table by preparing Olive's flexible budget for 5.000. 7,000 and 8,000 units. (Round your intermediate calculations to 2 decimal places.) Master Budget Flexible Budget Flexible Budget Flexible Budget 16,000 Units) (5,000 Units) (7.000 Units) (8.000 Units) Direct materials Direct labor Variable manufacturing overhead Fored manufacturing overhead Total manufacturing cost 1.200 3,600 1,800 17,200 23,800 $
A flexible budget is a budget that adjusts to changes in production output. It allows for cost variances by taking into account the cost of goods sold and the cost of goods produced.
Olive Company produces silver belt buckles and has a master budget for 16,000 units. The table above shows the flexible budget for 5,000, 7,000 and 8,000 units. As the production output increases, the total manufacturing cost increases as well. The flexible budget for 5,000 units includes $1,200 for direct materials, $3,600 for direct labor, $1,800 for variable manufacturing overhead, and $17,200 for fixed manufacturing overhead.
The flexible budget for 7,000 units is slightly higher, at $1,400, $4,200, $2,100, and $18,800 respectively. Finally, the flexible budget for 8,000 units is $1,600, $4,800, $2,400, and $20,400 respectively. This shows that as production increases, the total manufacturing cost increases as well.
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Have a great day everybody
Answer:
Thanks. Have a great day!
Explanation:
You deserve to.
Answer:
i will thank you and you too :)
Explanation: