All users of accounting information use the same type of accounting information. True or false

Answers

Answer 1

False, All users of accounting information use the same type of accounting information.

For the benefit of accountants, consultants, business analysts, managers, chief financial officers (CFOs), auditors, regulators, and tax agencies, a company employs an accounting information system (AIS) to gather, store, manage, process, retrieve, and report its financial data to form accounting information system. To assure the highest accuracy in a company's financial transactions and record-keeping, as well as to make financial data easily accessible to those who legitimately need access to it, accounting information all while keeping data intact and secure specially trained accountants work closely with accounting information. An accounting information system is a mechanism for a business to keep track of all financial and operational activity.

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Related Questions

There are several duties that an agent owes to a principal. Which of the following is not a duty of an agent to a principal

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There are several duties that an agent owes to a principal, the duty of loyalty is not a duty of an agent to a principal.

The duties that an agent owes to a principal include the duties of performance, obedience, care, and disclosure.

The duty of loyalty, though not explicitly stated, is a fundamental aspect of the agency relationship

that governs the agent's behavior and commitment to the principal's interests.

An agent is someone who acts on behalf of a principal and is entrusted with certain responsibilities to fulfill the principal's interests.

The duties of an agent to a principal typically include,

Duty of Performance,

The agent is expected to perform their assigned tasks

and responsibilities diligently and in accordance with the terms of the agency agreement or instructions provided by the principal.

Duty of Obedience

The agent must follow the lawful and reasonable instructions of the principal within the scope of their authority.

Duty of Care

The agent must exercise reasonable care, skill, and diligence in carrying out their duties,

ensuring that their actions do not cause harm or negligence to the principal's interests.

Duty of Disclosure

The agent must provide the principal with accurate and timely information regarding any matters relevant to the agency relationship.

These duties establish the agent's fiduciary obligation to act in the best interests of the principal,

putting the principal's interests ahead of their own.

The duty of loyalty is not typically listed as a separate duty of an agent to a principal.

Instead, it is considered a fundamental aspect of the agency relationship.

The duty of loyalty implies that the agent must act in good faith, avoid conflicts of interest,

and prioritize the principal's interests above their own or those of any third party.

While not explicitly listed as a separate duty, the duty of loyalty is inherent and intertwined with the other duties.

It is a fundamental principle that governs the agent's behavior

and underscores the agent's commitment to act solely in the best interests of the principal.

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Keisha owns a house worth $275,000 with a mortgage of $195,000. She owns a car worth $12,000 and has $7,500 in car loans. She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card. What is Keisha’s net worth?
$88,700
$91,700
$292,700
$496,700

Answers

Answer:

$88,700

Explanation:

Given:

Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.

She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.

Hence, The net worth of Keisha is $88,700

Answer:

Answer:

$88,700

Explanation:

Given:

Keisha owns a house value $275,000 with a mortgage of $195,000. She owns a car value $12,000 and has $7,500 in car loans.

She has $3,000 in investments, $2,700 in a bank account, and owes $1,500 on a credit card.

Hence, The net worth of Keisha is $88,700

Explanation:

When you plan a presentation, how should you make sure you stay on track as you talk?

A. Make a list of general topics and points you want to cover.

B. Write out every word of the presentation on notecards.

C. Memorize every word of the presentation in your head.

D. Have the audience tell you what else you need to talk about.

Answers

Answer:

A make a list

Explanation:

Answer:

It's A. Make a list of general topics and points you want to cover.

Explanation: hope it helps ^w^

A merger that joins two companies involved in different but related levels of an industry is a(n) ______ merger.

Answers

Answer:

Vertical merger.

Explanation:

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match each hypothetical country’s aging structure to its most likely economic situation.

Answers

It should be noted that the aging structure data is important as it allows the rate of growth to be associated with the population in a country.

Your information is incomplete. Therefore, an overview of the topic will be given. There are typically three age structures which are:

The children who are under 15 years old.The working-age who are between 15 - 64 years.The elderly ones who are 65 years and older.

It should be noted that an aging population lower the labor-force participation and slows down economic development in the country.

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Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three dimensional. How is he MOST LIKELY to add this foreground? A. B. C. D. He might change his position to include some foreground items such as rocks or grasses. He might tilt his camera up to better capture the tops of the hills. He might add some framing trees in the middleground of his image. He might circle around to the side of the hills to capture the cows standing on top. PLS HELP!!

Answers

Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. He is most likely to add this foreground Option A. He might change his position to include some foreground items such as rocks or grasses.

The foreground of an image is usually the element that is closest to the viewer. The foreground is often used to add depth to an image. If a photographer wants to create a 3D appearance in his image, he must ensure that the image has a foreground, mid-ground, and background. It is possible to include a foreground in a photo by modifying the angle of the shot and including elements in the foreground.

Emilio might change his position to include some foreground items such as rocks or grasses. By doing so, he will be adding depth to his image. Another way to add foreground to an image is to use framing trees in the middle ground of the image, but this may not provide the depth required. Tilt his camera up to better capture the tops of the hills or circling around to the side of the hills to capture the cows standing on top are not recommended, as the question seeks to add a foreground.

Therefore, Emilio is most likely to add the foreground by changing his position to include some foreground items such as rocks or grasses. Therefore, the correct option is A.

The question was incomplete, Find the full content below:

Emilio is photographing a series of hills on his uncle's farm. He remembers that he needs to try to add a foreground to his image to make it appear three-dimensional. How is he MOST LIKELY to add this foreground?

A. He might change his position to include some foreground items such as rocks or grasses.

B. He might tilt his camera up to better capture the tops of the hills.

C. He might add some framing trees in the middle ground of his image.

D. He might circle around to the side of the hills to capture the cows standing on top.

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A diversification strategy should enable a company or its individual business units to create value in the value chain to:
a. increase cost.
b. manage industry partnerships.
c. establish differentiation and increase pricing options.
d. maintain cost.

Answers

A diversification strategy should enable a company or its individual business units to create value in the value chain to c. establish differentiation and increase pricing options.

A diversification strategy is designed to help a company or its individual business units create value in the value chain by entering new markets, developing new products or services, or establishing new partnerships.

By doing so, the company can establish differentiation and increase pricing options, which can help it to compete more effectively in the market. This can result in increased revenue and profitability. The goal of a diversification strategy is not to increase costs or maintain costs, but rather to create new opportunities for growth and value creation.

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nathan and emily are hr managers at a large investment firm. they are expecting a labor surplus over the next two years resulting in the organization having 24 more employees than needed. typically, two employees leave the organization each month. which hr strategy should nathan and emily consider, taking into account the length of time they have available?

Answers

The strategy which Nathan and Emily consider, taking into account the length of time they have available is the natural attrition.

Natural attrition refers to the natural reduction in a particular business’s workforce which might be due to employees leaving on their own accord. Natural attrition is sometimes also called voluntary turnover. Thus, it is inevitable and uncontrollable across all industries and for all companies.

There are many such reasons for attrition, which are, better job offer outside, lack of growth on present work, poor working condition, problem with work life balance, etc.

Hence, this natural attrition strategy has both positive and as well as the negative effects on a company.

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Need help ASAP!

Select the described workplace culture from the drop-down menu below.

* workplace culture emphasizes everyone being in agreement

* workplace culture emphasizes development of new skills

* workplace culture emphasizes reacting quickly to change

* workplace culture emphasizes accomplishing goals

Answers

Answer:

The workplace culture emphasizes everyone being in agreement.

Explanation:

The workplace culture emphasizes everyone being in agreement.

An organization should have a good work condition that should be create a good relationship and employee-employee and employer-employer relationship.

It should helped to everyone to achieve their organizational target.

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Answer:

✔ Consistency-oriented

workplace culture emphasizes everyone being in agreement.

✔ Involvement-oriented

workplace culture emphasizes development of new skills.

✔ Adaptive

workplace culture emphasizes reacting quickly to change.

✔ Achievement-based

workplace culture emphasizes accomplishing goals.

Explanation:

answer on edge

Look for _____ in research information showing preferential treatment or consideration regardless of legitimate reasoning.

credibility
relevance
bias
additional sources

Answers

Answer:

bias

Explanation:

bias is the true anwer

What do taxes pay for?

Answers

Everything the top person said

Which of the following is the major cost controlled by a store manager? A. vendor fees
B. advertising on local radio
C. compensation and benefits for employees D. socialization of new employees
E. special events

Answers

The compensation and benefits for employees is the major cost controlled by a store manager.

The store manager is responsible for overseeing the day-to-day activities of a store or department and ensuring that sales targets are met. The store manager must also keep track of inventory and manage the store's budget. The store manager must keep expenses under control to maximize profits. Vendor fees, socialization of new employees, special events, and compensation and benefits for employees are the costs controlled by the store manager.

A store manager's major cost is the compensation and benefits for employees. It is important to keep these costs under control while still offering competitive pay and benefits to employees. Compensation costs can be managed by developing pay scales, rewarding good performance, and providing opportunities for advancement. Benefits costs can be managed by offering cost-effective benefits packages and promoting wellness programs that help keep employees healthy and productive. The store manager must ensure that these costs are balanced with the store's profitability.

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how important is food preservation in our livelihood

Answers

Answer:

in order to save food and to keep food for long periods of time

A new school building was recently built in the area. The entire cost of the project was $20,000,000. The city has put the project on a 20-year loan with an APR of 2.7%. There are 21,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.

Answers

Each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.

To determine the total amount that each family should be required to pay each year to cover the cost of the new school building, we can follow these steps:

Calculate the total loan amount.

The loan amount is the cost of the project, which is $20,000,000.

Calculate the annual interest payment.

The annual interest payment can be calculated using the formula:

Annual Interest Payment = Loan Amount * Annual Interest Rate

Annual Interest Rate = APR / 100

In this case, the annual interest rate is 2.7% or 0.027.

Annual Interest Payment = $20,000,000 * 0.027 = $540,000

Determine the number of families responsible for payments.

There are 21,000 families responsible for making monthly payments.

Calculate the total amount each family should pay each year.

Total Amount per Family = Annual Interest Payment / Number of Families

Total Amount per Family = $540,000 / 21,000

Rounding the result to the nearest cent, each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.

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select all that apply which of the following is/are true about the impact of variability on managing processes? multiple select question. customers understand that process variability occurs and accept that delays are inevitable. variability in processes can make planning and managing the process more challenging. process variability can lead to product delays and shortages, which can lead to a damaged company reputation.

Answers

Option B is correct. Variability in processes can make planning and managing the process more challenging. Process variability can lead to product delays and shortages, which can lead to a damaged company reputation.

What is process variability?

Process variability highlights the underlying variations and oscillations in a process's outcome. A number of things, including variances in building ingredients, logistics planning, human mistake, or ecological factors, might contribute to it. Process variability can cause problems including delays, faults, and higher costs while also affecting a process's effectiveness, efficiency, and quality. To maintain quality and consistency of output, businesses must track and manage process variability. To recognize and minimize process variability, strategies like Statistical Process Control (SPC) and Six Sigma can be applied.

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Im
What is the formula for determining run rate?

Current revenue for one month x 12
Current revenue for one month / 12
Current revenue for one month - 12
Current revenue for one month + 12

Answers

To calculate run rate, take your current revenue over a certain time period—let's say it's one month. Multiply that by 12 (to get a year's worth of revenue). If you made $15,000 in revenue for each month, your annual run rate would be $15,000 x 12, or $180,000.

You can use voice mail more effectively if you ______________ .

A. leave long, detailed messages that include chitchat .

B. prepare a warm and informative greeting .

C. prepare a warm and informative greeting

Answers

You can use voice mail more effectively if you prepare a warm and informative greeting . The correct answer is option B.

To use voice mail more effectively, it is important to prepare a warm and informative greeting. This is option B.

1. When leaving a voicemail message, the first impression is crucial. A warm and informative greeting sets the tone and makes the recipient more likely to listen to the message.

2. Begin the voicemail by introducing yourself. State your name clearly and concisely so that the recipient knows who is leaving the message.

3. Follow the introduction with a brief and friendly statement. For example, you can say, "I hope this message finds you well" or "I wanted to touch base regarding..."

4. Provide a clear and concise purpose for your call. Let the recipient know why you are calling and what you hope to achieve through the message. This helps them understand the importance of the message and prioritize it accordingly.

5. Keep the message informative but concise. Avoid leaving long, detailed messages that include unnecessary chitchat. Instead, focus on providing the necessary information or asking the specific question you need answered.

6. End the voicemail with a polite closing. You can thank the recipient for their time and express your availability for further discussion or clarification if needed.

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What seems to be the issue for young adults and financial literacy? Explain why.

Answers

fewer than one-third of young adults possess basic knowledge of interest rates, inflation, and risk diversification. Financial literacy is strongly related to sociodemographic characteristics and family financial sophistication.

Entries for Direct Labor and Factory Overhead

Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses a job order cost system. The time tickets from June jobs are summarized as follows:

Job 11-101 $4,640
Job 11-102 5,510
Job 11-103 6,612
Job 11-104 12,760
Job 11-105 18,270
Factory supervision 12,500
Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $23 per direct labor hour. The direct labor rate is $29 per hour.

a. Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank.

Work in Process
Factory Overhead
Wages Payable
Feedback

a.Increase the work in process for the direct labor and factory overhead for the indirect labor.

b. Journalize the entry to apply factory overhead to production for June. If an amount box does not require an entry, leave it blank.

Work in Process
Factory Overhead

Answers

Answer and Explanation:

The journal entries are shown below:

Work in process inventory ($4,640 + $5,510 + $6,612 + $12,760 + $18,270) $47,792

Factory Overhead $12,500

Factory Wages $60,292

(being the factory labor cost is recorded)

Work in process inventory ($47,792 ÷ 29 × 23) $37,904

To Factory Overhead $37,904

(being the factory overhead applied to production is recorded)

Student aid is based on either financial need or _____ need.

merit-based
academic
social
emotional

Answers

Answer:

merit-based

Explanation:

Financial aid takes many forms, and most often does not need to be paid back.. merit based need is based on academic excellence

How much less is a perpetuity of $2,000 worth than an annuity due of the same amount for 30 payments (in $ dollars)

Answers

The correct answer from the provided multiple-choice options is:

$17,447.28, which is closest to $17,447.28.

To determine the difference in value between a perpetuity of $2,000 and an annuity due of the same amount for 30 payments, we can calculate the present value of the annuity due and compare it to the present value of the perpetuity.

The present value (PV) of an annuity due can be calculated using the formula:

PV = A * (1 - (1 + r)^(-n)) / r

Where:

PV = Present value of the annuity due

A = Amount of each payment

r = Interest rate

n = Number of payments

Given an annuity due with 30 payments of $2,000 and an interest rate of 10%, we can calculate the present value using the formula:

PV_annuity_due = $2,000 * (1 - (1 + 0.10)^(-30)) / 0.10

PV_annuity_due ≈ $37,447.28

The present value of the perpetuity, assuming a constant $2,000 payment and an interest rate of 10%, can be calculated using the formula:

PV_perpetuity = A / r

PV_perpetuity = $2,000 / 0.10

PV_perpetuity = $20,000

To find the difference, we subtract the present value of the perpetuity from the present value of the annuity due:

Difference = PV_annuity_due - PV_perpetuity

Difference = $37,447.28 - $20,000

Difference ≈ $17,447.28

Therefore, the correct answer from the provided multiple-choice options is:

$17,447.28, which is closest to $17,447.28.

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How Much Less Is A Perpetuity Of $2,000 Worth Than An Annuity Due Of The Same Amount For 30 Payments? Assume An Interest Rate Of 10%. Multiple Choice $739.21 $1,486.44 $357.29 $1,782.63

How much less is a perpetuity of $2,000 worth than an annuity due of the same amount for 30 payments? Assume an interest rate of 10%.

Multiple Choice

$739.21

$1,486.44

$357.29

$1,782.63

1. How does the rule of 78 work?

2. If you have a 24-month loan that is paid in full with 10 months remaining, using the Rule of 78, would you expect a refund? Why or why not?

3. Give a specific example about how you would calculate a refund using the Rule of 78

I have tried everything and I can’t figure this out and my grade is going down please help!

Answers

Answer:

1- The Rule of 78 is a method used by some lenders to calculate interest charges on a loan.

2- the Rule of 78 Loan, you would have paid $391.50 of interest after 12 months. 5k or 10k

3- use the rule of 78 to calculate an interest refund, and some states prohibit its use altogether.

Explanation:

Teresa is considering purchasing a home for $220,000 by taking out a loan with an interest rate of 4.3% for 30 years. What would her monthly payment be?

Use the monthly payment formula to calculate the monthly payment for this loan:

M =
M = monthly payment

P = principal

r = interest rate

t = number of years

Answers

Answer:

$1,088.144

Explanation:

The applicable formula is as below as derived form annuity concepts.

M = PV × r

1 − (1+r)−n

where p= $220,000

r = 4.3% interest rate per year;

Per month interest rate = 0.043 /12=0.00358

r = 30 year, in months = 30 x 12 =360

Therefore

M= $220,000 x 0.00358

1-(1+0.00358) ^ - 360

M=$220,000 x 0.00358

1 - 0.2762

M = $220,000 x(0.00358 /0.7238

M = $220,000 x 0.00494611

M = $1,088.144

Pacific Intermountain Utilities Company has a present capital structure (which the company feels is optimal) of 30 percent long-term debt, 8 percent preferred stock, and 62 percent common equity. For the coming year, the company has determined that its optimal capital budget can be externally financed with $55 million of 14 percent first-mortgage bonds sold at par and $20 million of preferred stock costing the company 15 percent. The remainder of the capital budget will be financed with retained earnings. The company’s common stock is presently selling at $15 a share, and next year’s common dividend, D1, is expected to be $2 a share. The company has 22 million common shares outstanding. Next year’s net income available to common stock (including net income from next year’s capital budget) is expected to be $90 million. The company’s past annual growth rate in dividends and earnings has been 7 percent. However, a 4 percent annual growth in earnings and dividends is expected for the foreseeable future. The company’s marginal tax rate is 40 percent. Round your answer to two decimal places. 10.12% would be shown as 10.12.
What is the cost of equity? %
What is the WACC? %

Answers

The cost of equity The cost of equity is 12.67%. Explanation: Given, Cost of the first-mortgage bonds = 14%Cost of preferred stock = 15%Tax rate = 40%The market price of common stock = $15 Common dividend next year = $2.

Net income available for common stock next year = $90 million Number of outstanding common shares = 22 million The growth rate in dividends and earnings has been = 7%The growth rate in dividends and earnings for the foreseeable future = 4%.

We can calculate the cost of equity using the Gordon Growth Model, which is given by the formula: Ke = D1/P0 + g Where, Ke is the cost of equityD1 is the next year's expected dividendP0 is the current market price per share g is the expected growth rate in dividends and earnings Substituting the values.

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IF YOU CAN HELP ME, I WILL GIVE U BRAINLIEST!!!! HIGHEST POSSIBLE AMOUNT OF POINTS BECAUSE I'M SO STUCK!!!!!
If you could just explain it for me, I would be so grateful!!

Step 1: Read the Scenario
Because of the great work you’ve been doing for your department at running shoe company Runner Rush, your vice president has elected you to join an innovative cross-departmental team in your organization. The company is looking to launch a new shoe that enhances any runner’s speed. Management wants this new team to create an idea within a month. All the members of the team are alleviated of some of their regular job duties in order to join several meetings a week to brainstorm and design the new product.
Step 2: Develop a Month Plan
You have been appointed as the team leader. Develop a month plan that you will present to your teammates at the initial meeting. Focus on developing a strong team dynamic, setting goals, expectations, deadlines, and other elements that will lead the team to success. Make sure that your plan is easy to follow and clearly outlines all the required information.

Answers

I T S W A I T I F O R G O T T H E A N W S E R S O R R Y B U T I F I G E T T H E A N W S E R B A C K U P O N M Y P H O N E I W I L L L E T Y O U K N O W

The ledger of cullumber company contains the following balances: owner's capital $ 30,700. owner's drawings $ 1,700, service revenue $ 49,000, salaries and wages expense $ 26,500, and supplies expense $ 6,100. prepare the closing entries at december 31. (credit account titles are automatically indented when amount is entered. do not indent manually. if no entry is required select "no entry for the account titles and enter for the amounts:) date account titles and explanation debit credit dec. 31 (to close revenue account) dec. 31 (to dose expense accounts) dec. 31 (to close net income (loss)) dec. 31