True. If a contingent liability is both probable and estimable, it should be recorded as a liability on the balance sheet.
Current and contingent liabilities are both important monetary matters for a business.
The primary distinction between the 2 is that a current legal responsibility is an amount which you already owe, while a contingent legal responsibility refers to an amount that you could probably owe depending on how sure occasions transpire.
Contingent liabilities are described as the ones capacity liabilities that can arise in a destiny date because of an uncertain occasion that is past the manipulate of the business.
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4 Select the correct answer. Which of these components is a part of the Central Processing Unit (CPU) of a computer?
Answer:
Control unit
Explanation:
Is a part of the "Central Ptocessing Unit (CPU)" of a computar. It is considerado a a "heart of the CPU.
Why very few subsistence economies exist today
Answer:
As previously mentioned,
subsistence markets are
extremely vulnerable to
external influences.
Because of this
vulnerability, these economies are
becoming more scarce around the
world. In the past, for example, large
populations of indigenous peoples lived
throughout North America.
Brooklyn is paid biweekly. Her annual salary is $63,700. What is her biweekly gross pay?
Brooklyn's biweekly gross pay, given the amount that she is paid annually, is $ 2, 450
How to find the biweekly gross pay?A person's biweekly gross pay is the amount that they are paid every 2 weeks that is not adjusted for taxes and other deductions.
In a year, the number of two week periods are :
= Number of weeks / 2
= 52 / 2
= 26 biweekly periods
The biweekly salary of Brooklyn is therefore :
= Annual salary / number of biweekly periods
= 63, 700 / 26
= $ 2, 450
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Which of the following is a disadvantage to Linux?
Olearning curve
O customizability
O cost
Ofreedom
Answer:
Learning curve
Explanation:
Lily Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $20,160 in the first quarter, and $3,360 increments are e
Thus, the total fixed expenses for the year would be $81,360 (20,340 x 4).
Lily Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $20,160 in the first quarter, and $3,360 increments are expected in each subsequent quarter until the end of the year. Meanwhile, fixed expenses are expected to be $20,340 in each quarter of the year. These budgets are relevant to the company as they help the firm to develop realistic expectations and reduce the possibilities of overspending.
In business, there are two types of expenses: variable and fixed. Variable expenses change as sales or production activities increase or decrease. These expenses increase or decrease in proportion to sales or production. For instance, the cost of materials used in manufacturing products increases when the number of products produced increases. Meanwhile, fixed expenses remain constant irrespective of sales or production activities.
These expenses are incurred in order to operate the business regardless of the level of sales or production. Lily Company's variable expenses are expected to be $20,160 in the first quarter of the year. In addition, the variable expenses are expected to increase by $3,360 in each subsequent quarter until the end of the year.
This means that the total variable expenses for the year would be
$41,040 (20,160 + 3,360 x 3).
Furthermore, the company has a fixed expense of $20,340 in each quarter of the year. Thus, the total fixed expenses for the year would be $81,360 (20,340 x 4).The significance of classifying selling and administrative expenses into variable and fixed components is that it enables the firm to make informed decisions and develop realistic budgets. Understanding the cost behavior of expenses helps the company to estimate the cost of production or sales and plan accordingly. By classifying expenses into fixed and variable components, the company can create accurate budgets, analyze cost variances, and make sound business decisions.
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write an explanation of how the iPhone goes from a design at Apple to a retail store shelf. Include at least four steps in the process.
The journey of the iPhone from designing at apple to retail stores includes sending the design to the manufacturing unit where the materials are selected, then these material is arranged based on the design then polishing and finishing took place, and at last shipped to different countries' outlets.
What is iPhone?An iPhone is the latest smart device introduced by the organization named apple with unique features of advanced technology. This phone provides the features of a computer in the phone itself.
The journey of the iPhone from design at apple to retail store shelf includes-
Decision-making for material selectionDevelopment of Device body partsAssembly of body parts and finishing which includes glass finishingTransported to various outlets.Learn more about Apple Iphone, here:
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The young men below are in colloquial language, “getting their hustle on!” Explain how their business is a sole proprietorship. Secondly, explain why the government will have a difficult time taxing this type of business.
These businesses are typically not registered with the government, and they do not have an official structure.
The government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development.
In colloquial language, the young men below are "getting their hustle on." A sole proprietorship is a type of business that is owned and operated by a single individual. The young men's business can be referred to as a sole proprietorship since they are the sole owners of the business.
They are the ones who started the business, are responsible for all of its operations, and are accountable for all of the profits or losses.The government will have a tough time taxing this type of business for a variety of reasons.
Firstly, these businesses are typically not registered with the government, and they do not have an official structure. As a result, it's difficult for the government to track their activities and evaluate their taxes.
Secondly, many of these businesses operate in the informal sector, and they do not have formal accounting procedures or systems in place. As a result, it's difficult for the government to determine their exact revenue and taxable income.
Thirdly, these businesses are frequently involved in cash transactions, and it's difficult for the government to monitor their cash flow and revenue. As a result, they may not accurately report their earnings or pay the required taxes.
Finally, the government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development. As a result, they may not be heavily taxed, if at all, since the government may be hesitant to discourage their operations.
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What would you say are four major faults of measurement
instrument design? Justify your choices.
Answer:
The major faults of measurement are:
CoverageMeasurementSampling andResponseExplanation:
During business research, the data collected during the survey can become very unusable due to errors arising from the factors listed above.
The problem of coverage arises when for instance an electronic survey is used to collect data from a sample population where 69% for instance, do not have access to a mobile phone or a computer.
Measurement problems during a survey speak to the ability to properly design a questionnaire in such a way that it elicits the right kinds of responses. This means asking the right questions so that the responses or answers are accurate. The irony of measurement error is that one's survey is useless if they got the questionnaire design wrong, regardless of whether or not the response rate was very high.
After administering a survey and there is little or no response, one is said to have an error in response rate. A low response rate increases the error margin of the survey as well as it's unreliability.
Sampling errors are said to occur when the sample size is too small or statistically homogenous such that it does not accurately represent the entire population. When this happens it is termed sample frame error.
Another error can occur when the researcher includes the wrong population or excludes the right population. This is called Error in Population Specification.
Cheers
What is project management?
Mark Simpson earns $980 biweekly as a security guard for Albany Med. His group medical insurance costs $7,000 a year. The company pays 90% of the cost of medical insurance. How much is deducted from Marks biweekly paycheck for medical coverage
Answer:
$26.923
Explanation:
Biweekly payment means payments every 14 days or 2 weeks. One year has 52 weeks. Mark is paid 26 times per year
if the company pays 90% of $7000, then Mark pays 10% of $7000
Mark pays = 10/100 x $7000
=0.1 x $7000
=$700
The amount of $700 is spread over 26 weeks.
Each paycheck, Mark will be deducted
=$700/26
=$26.923 per check
an adjusting entry that has the effect of moving a portion of deferred revenue liability from the balance sheet to the income statement has the effect of:
An adjusting entry that transfers a portion of the cost of an asset from the balance sheet to the income statement reduces assets and raises expenses.
What is an income statement?You can see the company's income and expenses on an income statement, which is a financial statement. It also reveals if a business is profitable or losing money over a specific time frame. You can better grasp your company's financial situation with the aid of the income statement, balance sheet, and cash flow statement.
What causes a reduction in an asset and an increase in a cost?In an accounting ledger, debits are always recorded on the left side. Debits affect liability, equity, and income accounts negatively while positively affecting asset and cost accounts.
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Do you think drinking water can development of a country? help in the
Answer:
no because you need a lot more to a country then water.
Hope This Helped
Which of the following is an advantage of renting over
advantage of renting over buying a home?
Answer:
having to make a down payment..
An advantage of renting over buying a home and having to make a down payment. The correct option is D. Financial risks are lower when renting. You are aware of the precise monthly rent payment you will be making.
What is the most significant advantage of renting?The three biggest advantages of staying a renter, in Ramsey's opinion, are having more flexibility if you decide to move, not having to pay for home maintenance, and not having to spend as much money initially. Additionally, your landlord will handle all necessary repairs, upkeep, and other costs. There is no additional cost.
Renting offers convenience, consistent monthly costs, and maintenance assistance. Along with the concrete advantages of tax deductions and equity, home ownership also offers intangible advantages like a feeling of security and pride in one's possession.
Thus, the ideal selection is option D.
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A party can be discharged from a contract. Name eight ways thata party can be discharged.
A party can be discharged from a contract by impossibility of performance, breach of contract, rescission, frustration of purpose, operation of law and illegality.
1. Performance: The parties fulfill all the terms and conditions of the contract, and the contract comes to an end. A party is discharged from a contract when they have fully performed their contractual obligations.
2. Mutual agreement: Both parties agree to end the contract by mutual consent. Both parties may mutually agree to terminate the contract, thereby discharging their obligations.
3. Impossibility of performance: The performance of the contract becomes impossible due to unforeseeable events, such as war, natural disasters, or death of the parties involved.
4. Breach of contract: A party breaches the contract, and the non-breaching party can choose to terminate the contract. If one party breaches the contract, the other party can be discharged from their obligations.
5. Rescission: One party can request the court to rescind or cancel the contract due to misrepresentation, fraud, or mistake.
6. Frustration of purpose: The objective of the contract becomes meaningless due to unforeseeable events, such as a change in law or regulation.
7. Operation of law: The contract becomes illegal due to a change in the law, or the contract is declared void by the court. A party can be discharged by operation of law, such as bankruptcy, which makes it impossible for the party to fulfill their contractual obligations.
8. Illegality: If the subject matter of the contract becomes illegal or the contract itself is found to be against public policy, a party can be discharged from the contract.
By understanding these eight ways, you can better navigate the circumstances that may lead to a party being discharged from their contractual obligations.
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7. Jannah is reviewing a report that a new marketing manager put together after assessing her small business. If Jannah wants to learn how familiar a custo
what section of the marketing report should she review?
To learn how familiar a customer is to the company, Jannah must look at the leads section of the marketing report.
What is a marketing report?It consists of a document through which an organization can visualize its performance over a period of time, through the analysis of data and information about the company's actions and strategies to achieve objectives and goals in the market.
Through qualitative and quantitative reports related to communication and sales, for example, the company is able to make more significant decisions about its strategy, with evaluations and corrections that will contribute to continuous improvement and positioning in the market.
So leads could be the section that Jannah would review to identify a potential customer, as this data significantly demonstrates an individual who engages with the company's business and can be turned into a customer.
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a brief description of management and leadership
Management and leadership are two distinct but interconnected concepts in the realm of organizational dynamics.
What is difference between management and leadership in organization?Management primarily focuses on overseeing and coordinating the activities of a team or an organization to achieve specific goals. It involves planning, organizing, and controlling resources, as well as making decisions and solving problems.
Managers are responsible for ensuring that tasks are completed efficiently and effectively within the established framework. But the leadership involves inspiring and motivating individuals or groups towards a shared vision or purpose. Leaders provide guidance, support, and direction and they possess the ability to influence and inspire others to achieve extraordinary results.
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Carla needs to examine the structure of the tables in her database. Where will she find the Table Analyzer Wizard in
Access 2016 to achieve this goal?
O Home
Create
O Database Tools
O File
Save and Exit
Nexi
Mark this and return
Answer:
database tools
Explanation:
Answer:
C) Database Tools
Explanation:
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!!!!
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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T/F four years ago, bettis incorporated paid a $5 million lump-sum price to purchase a business. bettis allocated $600,000 of the price to goodwill. which of the following statements is true?
True. Four years ago, Bettis Incorporated paid a $5 million lump-sum price to purchase a business. Bettis allocated $600,000 of the price to goodwill. Goodwill is an intangible asset that represents the excess of the purchase price over the fair market value of the identifiable net assets acquired.
Goodwill arises when a company acquires another business and pays a price that is greater than the fair market value of the net assets acquired. It reflects the value of the acquired business's reputation, customer base, brand recognition, and other factors that contribute to its future earnings potential. When Bettis Incorporated allocated $600,000 of the purchase price to goodwill, it was acknowledging that a portion of the price paid represented the value of the acquired business's intangible assets. This allocation is important because it affects the company's financial statements. The amount allocated to goodwill is not deductible for tax purposes, and it is subject to periodic impairment testing. If the value of the acquired business's goodwill declines, Bettis Incorporated may need to write down its value, which would result in a charge to earnings.In summary, Bettis Incorporated paid $5 million to purchase a business and allocated $600,000 of the price to goodwill.
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stephanie has been driving for 4 years without any major auto accidents until today
Why does the Federal Reserve focus on targeting the federal funds rate?
Answer:
The Federal Reserve uses certain tools to adjust this rate, because it influences other interest rates, such as those you pay on credit cards, mortgages, and bank loans. It also affects the value of the U.S. dollar and other household and business assets. That makes it the most important interest rate in the world.
Explanation:
Because
What is the main advantage associated with being a first-mover?
A first mover is a service or product that, by being the first to market with a product or service, acquires a competitive advantage. Being the first usually allows a business to build significant brand awareness and customer loyalty before rivals enter the market.
First-mover advantage is the theory that a corporation acquires a competitive edge over its actual and potential rivals by entering a new market first, eventually leading to increased revenues and profits.
A company is considered to be a "first mover" if it enters the market first with a novel good or service. This is frequently a positive thing. The 'first' position, however, is not without its difficulties.
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Your store is 150 ft. x 70 ft. The security cameras you are planning to purchase each cover 400 square feet. You want to
cover the whole store. How many cameras do you need?
Answer:
27
Explanation:
Answer:
Your store is 150 ft. x 70 ft. The security cameras you are planning to purchase each cover 400 square feet. You want to
Explanation:
In the circular flow model, the value of total income for an economy ________ the value of total production.
In the circular flow model, the value of total income for an economy equals the value of total production.
The circular flow model is an economic model that presents how money, goods, and services move between sectors in an economic system. The main purpose of the circular flow model is to understand how money moves within an economy.
Sectors involved in the circular flow model are:
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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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how can i start up business affect my pharmacy business? I need help for my business assignment
Answer:
drugs
Explanation:
gives a lot of money
which two of the marketing mix components did pets base their marketing strategy on? a. price and place b. promotion and product c. product and place d. promotion and place e. promotion and price
Based on the given options, it appears that you are asking which two marketing mix components Pets . com primarily focused on for their marketing strategy.
Pets . com, a now-defunct online pet supply retailer, mainly concentrated on "b. promotion and product" as the key components of their marketing strategy.
Promotion: Pets . com invested heavily in advertising and marketing campaigns to create brand awareness and drive traffic to their website. Their most notable promotion efforts included a highly recognizable sock puppet mascot and appearances in major events such as the Macy's Thanksgiving Day Parade and Super Bowl commercials. This extensive promotion contributed significantly to Pets . com's rapid rise in visibility and consumer recognition.
Product: Pets . com offered a wide variety of pet products, including pet food, toys, and accessories, as well as additional services such as pet advice and information. They aimed to be a one-stop-shop for all pet-related needs, striving to differentiate themselves from competitors by focusing on an extensive product selection, convenience, and quality.
Although their promotion and product strategies garnered significant attention, Pets . com ultimately failed due to a combination of factors, including issues with pricing, distribution, and unsustainable business practices.
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Give your opinion based upon the numbers as to whether production seems to be budgeted properly, and whether the corporation can make an adequate profit above breakeven levels
Answer:
The production level needs to be budgeted accurately as this is the main strategy which is essential for the success of the business. The corporation cannot make adequate on the breakeven level as this is no profit, no loss situation.
Explanation:
The production level is the basis for sales. If the production level is not accurately estimated then there will be over of under production problems to the business. The over production will result in excess cost to the company and under production will result in lesser profit and sales. The breakeven level is the no profit no loss situation. This is the situation where company earns money equal to its cost and expenses and nothing is saved by the company as profit.
Smith, inc. Uses a job-order costing system with the predetermined overhead rate of $12 per machine-hour. The job cost sheet for job #42a listed $12,000 in direct labor cost, $18,000 in direct materials cost, 1,200 direct labor-hours and 1,100 machine-hours. The total cost of job #42a is $.
Based on the information given the total cost of job #42a is $43,200.
Total cost of job #42aUsing this formula
Total cost of Job #42a = Direct materials + Direct labor + Predetermined overhead rate x Actual machine-hours
Let plug in the formula
Total cost of Job #42a = $18,000 + $12,000 + ($12 per machine-hour x 1,100 machine-hours)
Total cost of Job #42a= $18,000 + $12,000 +$13,200
Total cost of Job #42a= $43,200
Inconclusion the total cost of job #42a is $43,200.
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What are 4 things you should consider before opening a checking account?.
The 4 things to consider before opening a checking account are Insurance, Minimum deposit requirements, Fees and ATM network.
What are 4 things you should consider before opening a checking account?The 4 things that should be considered before opening a checking account are:
Factor 1 : Insurance Protection - Make sure the bank or credit union where you open the account offers insurance from the Federal Deposit Insurance Corporation (FDIC) or National Credit Union Administration (NCUA).Factor 2 : Minimum balance specifications - In order to avoid costs, many checking accounts demand that you keep a specific amount. A monthly maintenance fee of up to $15 will apply if the balance criteria are not met.Factor 3: Fees - Checking accounts have different access fees for your money, just like the majority of financial goods.Factor 4 : Network of ATMs- You'll need to utilize an ATM and/or go to a branch location to withdraw money if you frequently pay with cash. The access to thousands of free ATMs offered by checking accounts is a blessing.To learn more about checking account, refer:
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