Case, please be sure to provide response posts to at least two class Chapter 4: Completing the Accounting Cycle Mary Smith is the controller for ABC Printing Service Mary has been putting in a lot of overtime, therefore, she has been allowed hire an assistant Mary's assistant is a bright, high school graduate but he has never taken an accounting class Mary is trying to decide which accounting activites could be delegated to her assistant Mary is willing to give the assistanta few time instructions th each task, but she doesn't have time to teach the a stant to be an accountant For each task listed, state whether Mary should continue to do the work or delegate the trk to her assistant Please explican 1. List the account balances from the general ledger in the Trial Balance columns of the end of period spet 2. Add the Debit and Credit columns of the trial balance. 3. Make the adjusting entries on the spreadsheet. 4. Complete the spreadsheet 5. Type the formal financial statements uning the data from the Income Statement and Balance Sheet columm of the spreadsheet 6. Journalize and past the adjusting entries.
Answers
In ABC Printing Service, Mary Smith is the controller. Due to overwork, she was allowed to hire an assistant. Her assistant is a bright high school graduate who has never taken an accounting course.
Mary is trying to determine which accounting activities she can delegate to her assistant and which ones she should continue to do. For each of the following tasks, indicate whether Mary should continue to do the work or delegate the task to her assistant. Mary is willing to provide her assistant with a few time instructions for each job, but she does not have enough time to train him to be an accountant.1. List the account balances from the general ledger in the Trial Balance columns of the end of period sept.
Mary should delegate this task to her assistant. She can teach him to look for the balances in the general ledger and then record them in the Trial Balance columns of the worksheet. This task does not require any technical skills and can be easily delegated to the assistant.2. Add the Debit and Credit columns of the trial balance. Mary can delegate this task to her assistant because it is a simple addition of numbers. She may teach the assistant how to calculate the total of the Debit and Credit columns.3. Make the adjusting entries on the spreadsheet. Mary should continue to perform this task as it requires technical accounting knowledge. This requires the assistant to have an in-depth understanding of the accounting concept and how to perform the adjustment
Mary can delegate this task to her assistant. Once the worksheet is completed, Mary can request the assistant to prepare the formal financial statement.6. Journalize and past the adjusting entries. Mary should continue to do this task because it involves technical knowledge. Adjusting entries need to be recorded correctly in the accounting system, which requires expertise. Hence, Mary should continue to do this task.
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Related Questions
What is done with the costs of complying with consumer-protection
regulations?
A. absorbed by producers who are forced to cut into profits
B. reduced by transfer payments enabled by revenue tariffs
O c. shouldered by workers in the form of decreased wages
O D. eventually passed on to consumers in the form of higher prices
Answers
Answer:
Option(D) is the correct answer to the given question .
Explanation:
The main objective of consumer protection regulation to stops the unjustified, misleading as well as the dishonest business strategies through accumulating and analyzing the rules of the business to running them.It simply means they provide the security to the buyers as well as the people .
Consumer-protection regulations Protect from the fraudulent activity and the recapitalization.All the other option are not correct for the consumer-protection regulations that's why these are incorrect optionThe costs of complying with consumer-protection regulations are basically absorbed by producers who are forced to cut into profits. Therefore, the correct option is A.
The costs of complying with consumer-protection regulations are typically absorbed by producers or businesses. Businesses may need to change their operations, invest in more resources, or alter their products or services to conform to regulatory standards when regulations are imposed to safeguard customers rights and ensure fair practices.
In some circumstances, they might raise prices to cover some of the costs, but they might also make an effort to lessen the impact on customers in order to maintain their competitiveness.
Thus, the ideal selection is option A.
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Let Q be the quantity of a good sold in the market and the P be the equilbrium price. In equilibrium quantity demanded equals quantity supplied. Quantity demanded is given by Q = 420
−26×P
and quantity supplied is given by Q =
4×P.
In equilibrium price P will be equal to
enter your response here
and the quantity Q will be equal to
Answers
At equilibrium, Qd=Qs. We solve this equation for P to obtain the equilibrium price, which is equal to 14. At this equilibrium price, the quantity is 56.
Given, Quantity demanded, Qd = 420 − 26 P Quantity supplied, Qs = 4PAt equilibrium, Qd = Qs420 − 26P = 4PSolving this equation for P, we get;420 = 30PP = 14So, P = 14At equilibrium price P will be equal to 14 and the quantity Q will be equal to 56.Thus, the ans in 100 words is as follows;The equilibrium price is that which equates quantity demanded and quantity supplied. The equilibrium quantity demanded equals the equilibrium quantity supplied. The quantity demanded is given by Qd = 420−26P and quantity supplied is given by Qs = 4P.
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Briefly explain the term Gross Domestic product
Answers
Answer:
Explanation:
Gross domestic product (GDP) is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.
A disadvantage of pursuing a cost leadership strategy is that
a) technological change can make experience curve economies obsolete.
b) price wars make it hard to compete with differentiators.
c) it costs more than a differentiation strategy because of the necessity of high capital investments.
d) powerful buyers are a major threat.
e) no quality control exists.
Answers
The answer is a) technological change can make experience curve economies obsolete. The potential obsolescence of experience curve economies due to technology progress is a drawback of adopting a cost leadership strategy.
the practise of pricing a product below its average cost on the theory that prices will go down as production experience grows. a dearth of experienced personnel or mentors who can share their knowledge and help improve business procedures. mistakenly equating potential with the experience curve. Although the curve does result in lower costs, it cannot be relied upon to do so. The experience curve is founded on the idea that as you gain experience, certain tasks become simpler and more effective. In other words, a product may be produced more quickly and for less money the more "experience" you have with it.
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Which company was formerly known as the computing-tabulating-recording company? ibm.
Answers
The company formerly known as the computing-tabulating-recording company was IBM.
Who founded IBM?
CTR company was replaced by IBM in the year 1889 and was founded by Herman Hollerith at the end of the 1800s.
IBM was incorporated as a computing-tabulating-recording company in the year 1911.
It was a merger of three minor entities namely, a computing company, tabulating company, and a recording company that was engaged in the manufacturing of punch-card tabulators and various other products.
Therefore, IBM was formerly known as a computing-tabulating-recording company (CTR).
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What role do sources play in validating an argument? Are we able to rely on the internet to provide complete and truthful information? Of course not, but how do we discern? How do we determine the motives of the people we're reading? One thing we have learned is that the people screaming most loudly about dishonesty are the ones being most dishonest. That isn't by accident. So, what do you do? And how does that apply to this week's content?
Answers
Incomplete question. However, I answered from a general research perspective.
Explanation:
What role do sources play in validating an argument?
Well, the term source basically refers to the originator of any information. We have sources that are considered credible sources (like Encyclopedia, Journal Magazine, Newspaper, etc) and others that are considered incredible sources (general social media post). Knowing the kind of source could thus help validate an argument.
Relying on the internet to provide complete and truthful information is difficult considering the amount of fake news available today.
how old do you have to be to work at lululemon
Answers
Answer:
The minium age requirement to work there is 18
Place the items that appear on a balance sheet in the order in which they must appear, starting with the first at the top. 1. current assets. 2. fixed assets. 3. intangible assets. 4. current liabilities. 5. long-term liabilities. 6. owners equity
Answers
The balance sheet is organized in this order to show the liquidity of the company's assets and the maturity of its liabilities. Current assets and current liabilities are listed first. Followed by fixed assets, intangible assets, long-term liabilities, and owners equity.
The correct order of items on a balance sheet is as follows:
1. Current assets: These are assets that can be converted into cash within a year, such as cash, accounts receivable, and inventory.
2. Fixed assets: These are assets that are not easily converted into cash, such as property, plant, and equipment.
3. Intangible assets: These are assets that do not have a physical form, such as patents, trademarks, and goodwill.
4. Current liabilities: These are debts that are due within a year, such as accounts payable and short-term loans.
5. Long-term liabilities: These are debts that are due more than a year from the balance sheet date, such as mortgages and bonds.
6. Owners equity: This is the difference between the value of the assets and the value of the liabilities, and represents the owners' investment in the company.
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Kathy and Jake are purchasing a house and are financing $465,000. The mortgage is a 20-year
5/1 ARM at 3.5% with a 2/7 cap structure. What will the remaining balance be after the first 5 years?
a $396,038.65
b$427,354.28
c $407,836.29
d $377,238.57
Answers
Answer:
D
Explanation:
The remaining balance on a 20-year 5/1 ARM at 3.5% interest with a 2/7 cap structure after 5 years will be $377,238.57.
Pro life tip: Do NOT finance your home with an ARM mortgage.
Good luck in your studies!
A child is riding the carousel at a county fair. The distance, d, in meters, that the child is from a fence is modeled by the trigonometric function d (t) = 4.5+ 2.5 sin (Ft), where t represents time, in seconds. Determine whether each statement regarding the graph of this function is true or false. Select True or False for each statement. Statement True False The period of the graph is 6. О. The amplitude of the graph is 5. o The midline of the graph is at 4.5. O o The y-intercept of the graph is at 4.5. O o The minimum value of the graph is 2.5. O O
Answers
Looking at the given trigonometric function, d(t) = 4.5 + 2.5 sin(Ft), we can make the following observations:
The coefficient of the sine function is 2.5, which represents the amplitude of the graph. Therefore, the statement "The amplitude of the graph is 5" is false since the amplitude is only 2.5.
The constant term in the function is 4.5, which represents the midline of the graph. Hence, the statement "The midline of the graph is at 4.5" is true.
The period of a sine function is given by p = 2π/F, where F is the coefficient of the independent variable (in this case t). So, for the given function, the period is p = 2π/F = 2π/1 = 2π seconds. However, the statement "The period of the graph is 6" is false because it's not equal to 2π.
The y-intercept of a function is the value of the dependent variable when the independent variable is zero. For the given function, when t=0, we have d(0) = 4.5 + 2.5sin(0) = 4.5. So, the statement "The y-intercept of the graph is at 4.5" is true.
Finally, the minimum value of a sine function is -A, where A is the amplitude. So, for the given function, the minimum value is -2.5. Therefore, the statement "The minimum value of the graph is 2.5" is false.
In conclusion, out of the five statements provided, three are false and two are true.
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____________ deals with the flow of physical goods and related information through the value chain?
Answers
Supply chain management deals with the flow of physical goods and related information through the value chain.
It involves the coordination and management of all activities involved in the production and delivery of a product, from the sourcing of raw materials to the delivery of the finished product to the end customer. Effective supply chain management ensures that goods are produced and delivered in a timely and cost-effective manner, while also minimizing waste and maximizing efficiency at every step of the process. This can involve working closely with suppliers, manufacturers, logistics companies, and retailers to optimize the flow of goods and information through the entire supply chain.
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Graphical information can be useful in
a.
Math only
c.
Science only
b.
Social Studies only
d.
All subjects
Answers
Answer:
d all subjects
Explanation:
think its right sorry if its wrong
The answer fam is..........D) All subjects
companies on the internet that have manipulated depreciation to show improved profits and report on what you found..
Answers
companies on the internet that have manipulated depreciation to show improved profits and report on financial statement manipulation.
What is financial statement manipulation?A significant and ongoing issue that costs billions of dollars annually is the manipulation of financial statements in order to defraud investors or avoid regulations.Additionally, managers may "cook the books" in order to be eligible for certain executive compensation that is based on the achievement of specific financial performance benchmarks.What is the reason behind the financial statement manipulation?First off, the pay of corporate executives is frequently intimately correlated with the business's financial performance. They therefore have a direct motivation to present a positive view of the business' financial situation in order to fulfill predetermined performance standards and increase their own salary.
companies on the internet that have manipulated depreciation to show improved profits and report on financial statement manipulation.
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Mike relocated for work and learned that the region in which he planned to buy a home had many old underground mines. In fact, Mike might even need to purchase mine subsidence insurance. What might a home inspector flag for Mike if there are any concerns about undermining
Answers
The issue that a home inspector will flag for Mike, given the concerns about a undermining, is the formation of a sinkhole on the property
The reason for the presence of a sinkhole on the property being raised by the home inspector is as follows;
The location Mike intended to buy a home is one with several underground mines, such that Mike could need mine subsidence insurance
A home inspection is an aid that helps a person intending to but a house make more informed decisions about the home under consideration
The function of an home inspector includes the identification of the issues that could possibly arise and the maintenance to be expected on the property, and therefore, the risks and opportunity in the purchase
Among the potential risk that will raised by a home inspector on the property with underground mines include the possibility of a sinkhole on the property
A sinkhole is a surface depression that results due to dissolution of near surface rocks by water draining into cavities under the soil surface, thereby eroding the rock such limestone, underneath, that develops in a manner which is not readily obvious or predictable
Sinkhole are not covered by most homeowner's insurance policy, making the property a money pit
Therefore, the home inspector might flag the likelihood of a sinkhole on the property
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A will is a way to:
A. give others your advance directives for
extreme medical cases.
B. tell others of your preferences for medical
treatment.
C. give others some of your assets while
you're still alive.
O D. tell others of your wishes for your property
after your death.
ITS D
Answers
An apple grower's orchard provides nectar to a neighbor's bees, while the beekeeper's bees help the apple grower by pollinating the apple blossoms. Use Figure 16.2b to explain why this situation of dual positive externalities might lead to an underallocation of resources to apple growing and to beekeeping. How might this underallocation get resolved via the means suggested by the Coase theorem?
Answers
The apple growers and beekeepers can benefit from each other, so they will negotiate an optimal solution.
Coarse TheoremThe Coase theorem (/kos/) in law and economics defines the economic efficiency of an economic allocation or results in the presence of externalities. According to the theorem, if trade in an externality is possible and transaction costs are sufficiently low, bargaining will result in a Pareto efficient outcome regardless of the initial allocation of property. In practice, bargaining obstacles or poorly defined property rights can prevent Coasean bargaining. Ronald Coase is widely credited with developing this 'theorem.'
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Dentify the sentence type: places like taco bell provide affordable and convenient food for americans, but consumers need to be aware of the health consequences of eating too much fast food. simple compound complex compound-complex
Answers
Answer:
The correct answer is the option: Compound.
Explanation:
To begin with, the sentences that are compound are understood to be the ones who have at least two or more independent clauses that are joined together by a comma, semicolon or by a conjunction. Therefore that the sentence presented in the text corresponds to a compound sentence due to the fact that you can find two different clauses that are joined together by a comma and a coordinator in this case ("but") and when that happens that coordinator adds also flowness to the sentence.
ECON please answer this question ASAP
Answers
Which of the following businesses describes a branch?
A. CarCity is a car dealership that is old by a large company but operated by a group.
B. Easy as Fries, a fast-food restaurant, is operated by one person but still owned by a large company.
C. Photo Finish, a sports photography business, has many locations that are owned an operated by the company.
D. Hit the books, a Tutoring business, has one location in San Diego, California
Answers
ANSWER =C
Photo Finish, a sports photography business, has many locations that are owned an operated by the company is the businesses describes a branch. Hence, option C is correct.
What is meant by photography business?A variety of services are offered by professional photography studios, including portraiture, commercial photography, event photography including weddings, family gatherings, bar mitzvahs, and more, convention photography, and more.
Their creativity, which is the art or process of making images by the influence of radiant energy, particularly light, on a sensitive surface, is expressed through shades, tones, smiles, joy, and even sadness.
To start, you can increase brand awareness by including brand-specific colors in your images. Additionally, your image might inspire bto take action. Good pictures elicit an emotion. Within that attitude, an emotion develops, which inspires potential customers to become clients.
Thus, option C is correct.
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Explain one reason why a business may use social media to promote
Answers
Answer:
Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers
Explanation:
jazakallah khair allah hu akbar
Answers
a chief advantage of the corporate form of business is . multiple choice question. double taxation autonomous decision making authority
Answers
A chief advantage of the corporate form of business is autonomous decision making authority. The primary advantage of the corporation company structure is independent decision-making capacity.
The management and owners of a corporation are different entities, with the owners having limited liability and the management having the authority to make decisions and operate the day-to-day operations of the firm. This structure gives management a lot of flexibility and autonomy in decision making, and it allows the owners to restrict their financial risk to the amount they put in the firm.
Furthermore, firms may generate enormous sums of cash by issuing stocks and bonds, which can assist to support development and expansion.
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True/False. for service and retail stores, a prime factor in location analysis is customer access.
Answers
True. Customer access is indeed a prime factor in location analysis for service and retail stores. The accessibility of a store directly impacts its potential customer base, foot traffic, and overall sales.
Visibility and Exposure: The location of a store greatly affects its visibility and exposure to potential customers. Businesses aim to position themselves in areas with high footfall or heavy traffic, such as busy shopping districts or areas near popular attractions. Being located in such areas ensures that the store has a higher chance of being noticed by potential customers, increasing the likelihood of attracting them to visit.
Convenience: Customers value convenience when choosing where to shop. They prefer stores that are easily accessible, reducing the time and effort required to reach the establishment. Factors that contribute to convenience include proximity to residential areas, availability of parking spaces, public transportation access, and ease of navigation. By selecting a location that offers convenient customer access, businesses can attract and retain a larger customer base.
Competition and Market Saturation: Location analysis also takes into account the competitive landscape and market saturation in a given area. Businesses want to position themselves strategically, considering the presence and proximity of competitors. By selecting a location that offers better customer access compared to competitors, a store can gain a competitive advantage and attract customers who prefer convenience and accessibility.
Demographics and Target Market: Understanding the demographics and preferences of the target market is crucial in location analysis. Customer access is closely tied to demographics, as the location should be easily reachable by the target audience. For example, if a store primarily targets families with young children, it may consider locating near residential areas or educational institutions to ensure accessibility for its target customers.
Customer Experience: The overall customer experience is influenced by the ease of access to a store. If customers encounter difficulties in reaching a store, such as limited parking or difficult navigation, it may result in frustration and discourage repeat visits. Conversely, a store that prioritizes customer access and provides a seamless experience can enhance customer satisfaction, leading to increased loyalty and positive word-of-mouth recommendations.
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Business Application Identify the common testing procedures for the SDLC implementation at your organiza- tion. Evaluate whether they address the need for security with passive system code scanning. Evaluate the need for penetration testing and whether this has been done in the past. If penetration testing is not part of the SDLC process at your organization, identify a feasible solution for actively testing new software systems for compromise.
Answers
The Software Development Life Cycle (SDLC) is a methodology used for developing information systems and software applications. It encompasses several stages, each with its own testing procedures to ensure application quality. These stages include planning and requirements, design, implementation and development, and maintenance. Evaluating the testing procedures for security is crucial to enhance application security and integrity. This evaluation includes passive system code scanning, penetration testing, and actively testing new software systems for compromise.
1 ) Passive System Code Scanning:
- Passive code scanning is currently not included in the testing procedures.
- Incorporating passive code scanning is necessary to analyze software code for vulnerabilities and weaknesses.
- Passive code scanning enhances security by detecting potential exploits that could be used by hackers.
2 ) Penetration Testing:
- Penetration testing simulates real-world cyberattacks to assess application security.
- It is an essential step in the SDLC testing procedures.
- Penetration testing identifies vulnerabilities and weaknesses.
- If not previously conducted, it is crucial to include penetration testing in the SDLC to ensure application security.
3 ) Feasible Solution for Actively Testing New Software Systems for Compromise:
- The recommended approach is to employ a third-party penetration testing service.
- Third-party penetration testers specialize in testing software applications for vulnerabilities.
- They conduct comprehensive testing and provide detailed reports on weaknesses and vulnerabilities.
- Using a third-party service ensures active testing of new software systems to prevent compromise.
By following these testing procedures, organizations can enhance the security and integrity of their software applications. Incorporating passive code scanning, conducting penetration testing, and utilizing third-party services for active testing are vital steps to ensure application security throughout the SDLC.
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Why did Krispy Kreme decide to manufacture all the donut mix and distribute it to the stores?
a) it made the products more consistent in various stores
b) franchise law demands is kind of central production
c) It is always cheaper to use this method
d) The company was having problems with distributors
Answers
Answer:
Option A
Explanation:
In simple words, Krispy Kreme Doughnuts, Inc. is an American doughnut company and coffeehouse chain owned by JAB Holding Company. Krispy Kreme was founded by Vernon Rudolph, who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores.
They make all their dough of the product by themselves so that the neutrality regarding their consistency remains intact thought the country,
Company' is one of the 5 C's of marketing. What does it refer to?Learning about the company vision, mission, goals and reputationLearning about the competitorsLearning about the economic issuesLearning about the customers' preferences
Answers
Company is one of the 5 C's of marketing. It refers to learning about the company's vision, mission, goals, and reputation. This answer holds the correct option.
In marketing, the 5 C's are considered the fundamental pillars that help marketers to analyze the company's situation, identify problems and opportunities, and formulate marketing strategies accordingly. The 5 C's of marketing are as follows:
Customer: Customer refers to the target audience, their needs, preferences, and behavior. Marketers need to understand the customer's demographic, psychographics, and behavior to determine the target market.Competitors: Competitors refer to the rivals of the company who provide similar products or services. Marketers need to analyze the competitor's strengths, weaknesses, and strategies to formulate their strategies.Company: Company refers to learning about the company's vision, mission, goals, and reputation. Marketers need to analyze the company's strengths, weaknesses, opportunities, and threats to determine their marketing strategies.Collaborators: Collaborators refer to the partners, suppliers, and distributors who help the company to provide products and services. Marketers need to analyze the collaborators' capabilities and resources to determine the company's marketing strategies.Context: Context refers to the external environment in which the company operates. Marketers need to analyze the macro-environmental factors such as economic, social, technological, and political factors to determine the company's marketing strategies.Learn more about marketing at https://brainly.com/question/25369230
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What is an economic system in which individuals and businesses own property and the means of production?
Answers
Under capitalism, most means of production are privately owned, and production is controlled and income is distributed primarily through the operation of markets.
What is Capitalism?A common misconception about capitalism is that it is an economic system in which individual actors own and control property according to their interests and where supply and demand freely determine market prices in a way that benefits society.The essential quality of capitalism is the desire to make a profit. The goal of capitalism's economic system is to increase profits for businesses and private persons through the creation of commodities and services. Capitalism, which greatly enhanced industrialization and the availability of mass-market consumer goods, replaced the historical feudal and mercantilist systems in Europe.A great deal of variance in the concentration of wealth and economic power came to be connected with capital that was amassed via a range of techniques and at a variety of scales.
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use the scenario presented on pg. 74. suppose adam receives a bid of $3200 from a third party, clair. how does clair's bid change the threat values?
Answers
Clair's bid of $3200 changes the threat values in the scenario presented on pg.74.
Here, correct answer will be
Adam had originally received bids from two other parties, Beth and Carlos, each offering $3000. Since Clair's bid is higher than both of these, the threat value of Beth's bid changes from 10 to 0, as it is now the highest.
The threat value of Carlos' bid also changes from 5 to 0, as his bid is no longer the second highest . This means that Adam now has the choice between the two highest bids, both from Clair.
Thus, the threat values of both Beth and Carlos' bids have decreased to 0, while the threat value of Clair's bid has increased to 15.
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WILL GIVE BRAILIEST
Zander is beginning to take college courses to prepare for a career in computer science, which is the study of using logic to create new and improved computer programs. He just finished a class that covered skills for using certain computer programs, but was not required for a degree.
What did Zander take steps to improve by taking this class?
A. career definition and career requirements
B. career requirements and current status
C. current status and intermediate goals
D. intermediate goals and career definition
Answers
Answer:
current status and intermediate goals
Explanation:
What do borrowers use to secure a mortgage loan?
A. Credit Card
B. Down Payment
C. House
D. Land
E. Vehicle
I’m not sure if the answer is A and B, or if C is included too.
Answers
Answer:
A. and B.
Explanation:
mortgage loans are given to individuals by a certified bank against their property. In order to secure this loan the bank requires a down payment from the individual looking for the loan as well as the individual's credit card information. This credit card will be charged the amount that the individual owes the bank on a monthly basis.
Answer:
C,D,and E
Explanation:
For a mortgage to be secure it needs to be backed up by a valuable asset such as your car your house or land.