How does the timing of adjusting entries differ from the accounting for daily transactions?.
Answers
Answer:
Adjustments are made at the end of the accounting period because making them on a daily basis would be inefficient.
Explanation:
I did this already :-)
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You are entrusted with the responsibility to train a fresh batch of Graduate Trainees that have joined your organization on ethical behaviour. Highlight the differences between ethical dilemma and ethical lapse citing 2 examples of each. In the absence of a clear set of guidelines, what should the trainees bear in mind to ensure they make ethical communication choices.
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Ethical dilemmas are situations where there are conflicting moral principles, and no matter what action is taken, it results in some ethical principles being compromised. Ethical lapses, on the other hand, are situations where an individual violates ethical principles knowingly or unknowingly, resulting in an ethical breach.
Differences between ethical dilemma and ethical lapseExamples of ethical dilemma:Accepting a job offer at a company that you know is involved in unethical practices or treatment of employees.A dilemma of loyalty: choosing between remaining silent or reporting unethical behaviorExamples of ethical lapse:Falsifying expense reports.Misusing company resources.The trainees should understand that ethical communication requires more than just compliance with a code of conduct.
They should understand that they have a responsibility to communicate ethically by being honest, transparent, and respectful when communicating with others. It is essential to act with integrity and be accountable for one's actions. In the absence of clear guidelines, the trainees should follow some basic principles of ethical communication, such as:
Tell the truth: Be honest and truthful in all communications.Respect others: Be respectful of others' opinions and perspectives.Confidentiality: Ensure that confidential information is kept private and only shared with authorized personnel.Be transparent: Be open and transparent in all communications. If a mistake is made, be forthcoming and take responsibility for it.Uphold company values: Ensure that all communications are in line with the company's values and culture, and avoid engaging in any activity that may be considered unethical.For more such questions on Ethical dilemmas
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1. A parent company sells land to its wholly-owned subsidiary in 2015, reporting a gain of $35,000. In 2020, the subsidiary sells the land to an outside developer and reports a gain of $60,000. In the 2020 consolidation working paper, the elimination of this transaction will result in: A. A $35,000 decrease in beginning retained earnings B. A $60,000 increase in investment in subsidiary C. A $95,000 decrease in land D. A $35,000 increase in gain on sale of land
Answers
Answer:
Explanation:
A $60,000 increase in investment in subsidiary
Which of the following would be performed by a microbiologist?
A) analyzing particle sizes using light scattering
B) monitoring quality standards for food production
C) measuring pesticide runoff in groundwater
D) isolating cultures of infectious bacteria
Answers
A task which would be performed by a microbiologist include the following: D) isolating cultures of infectious bacteria.
What is a pathogen?A pathogen can be defined as any group of living microorganisms that are capable of causing diseases and harm to their host. In Science, some examples of pathogen include the following:
FungiWormsProtozoaInfectious proteins (prions).VirusBacteriaWormsGenerally speaking, microbiologists are experts or professionals that are saddled with the responsibility of isolating cultures of pathogen such as an infectious bacteria.
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Alltech Company maintains a separate accounts receivable account for each customer. On June 18, Alltech provides $6,300 of services on account to customer Anthony and $1,200 of services on account to customer Walker. How will these two transactions affect the control and subsidiary accounts?
Answers
Answer:
B. The control account, Accounts Receivable, will be increased with a debit of $8 300
Explanation:
According to the given situation, in total, the Alltech company makes sales of 2, one for $6,300, and the other for $2,000. The total of sales will be computed by adding both sales that are $6,300 + $2,000 = $8300 will therefore be booked and control and receivables will be boosted with a debit of $8,300.
Therefore, the correct answer is B.
investors with a ______ risk tolerance may have a long time horizon and are usually looking to maximize their returns in the stock market.
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investors with a high risk tolerance may have a long time horizon and are usually looking to maximize their returns in the stock market.
In economic and business, An investor generally can be defined as an individual that puts money into an entity for a financial return such as a business. Investors can be divided into several types, such as investors with high risk tolerance, investors with moderate risk tolerance, and investors with small risk tolerance. Investors with high risk tolerance usually have a lot of free time, so they can freely monitor stock movements on the market and earn big profits.
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Following is an extract of account balances of Aztec Moving Services as of December 31, after the first year of operation.
Accounts Receivable $6,000
Accounts Payable 4,000
Salaries Expense 5,000
Repairs Expense 500
Truck 11,000
Equipment 11,000
Notes Payable 8,500
Cash 7,300
Supplies Expense 1,500
Service Revenue 29,000
Gasoline Expense 2,900
Salaries Payable 200
What is the amount of total assets at the end of the year?
a. $17,000
b. $35,300
c. $22,000
d. $29,300
Answers
The amount of total assets at the end of the year is $35,300. The correct option is b. $35,300.
To calculate the amount of total assets at the end of the year, we need to add up the balances of all asset accounts:
Accounts Receivable: $6,000
Truck: $11,000
Equipment: $11,000
Cash: $7,300
Total Assets = Accounts Receivable + Truck + Equipment + Cash
Total Assets = $6,000 + $11,000 + $11,000 + $7,300
Total Assets = $35,300
Total assets provide an indication of the company's overall financial health and its ability to meet its financial obligations. It represents the resources owned by the company that have future economic value. These assets can be used to generate revenue and support the company's operations.
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DS Unlimited has the following transactions during August. August 6 Purchases 82 handheld game devices on account from GameGirl, Inc. , for $260 each, terms 3/10, n/60. August 7 Pays $460 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to GameGirl seven game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 62 game devices purchased on August 6 for $280 each to customers on account. The total cost of the 62 game devices sold is $16,017. 0. Required: Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places. )
Answers
The recording of the transactions during August for DS Unlimited is as follows:
Journal Entries:August 6 Debit Inventory $21,320
Credit Accounts Payable (GameGirl, Inc.) $21,320
To record the purchase of 82 handheld game devices on account for $260 each, terms 3/10, n/60.August 7 Debit Freight-in Expenses $460
Credit Cash $460
To record the payment for freight on purchased goods of August 6.August 10 Debit Accounts Payable (GameGirl, Inc.) $1,820
Credit Inventory $1,820
To record the return of goods (7 devices).August 14 Debit Accounts Payable (GameGirl, Inc.) $19,500
Credit Cash $18,915
Credit Cash Discounts $585
To record the full payment, including discounts.August 23 Debit Accounts Receivable $17,360
Credit Sales Revenue $17,360
To record the sale of goods on account.Debit Cost of goods sold $16,017
Credit Inventory $16,017
To record the cost of goods sold.Transaction Analysis:August 6 Inventory $21,320 Accounts Payable (GameGirl, Inc.) $21,320
purchase of 82 handheld game devices on account for $260 each, terms 3/10, n/60.
August 7 Freight-in Expenses $460 Cash $460
August 10 Accounts Payable (GameGirl, Inc.) $1,820 Inventory $1,820
August 14 Accounts Payable (GameGirl, Inc.) $19,500 Cash $18,915 Cash Discounts $585
August 23 Accounts Receivable $17,360 Sales Revenue $17,360
Cost of goods sold $16,017 Inventory $16,017
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What is important to note about credit card companies advertising 0 percent APR?
Answers
Answer:
A 0% introductory purchase APR means you won't be charged interest on your purchases for a certain period of time as determined by your credit card company. ... A 0% introductory APR offer on balance transfers means you're not charged interest on a balance you transfer from another credit card.
Explanation:
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What are tic tac like what is good for you
Answers
Answer: Ingredients. Sugar, fructose, maltodextrin, peppermint essential oil, rice starch, gum arabic, filling agent (magnesium salts of fatty acids), glazing agent (carnauba wax).
Explanation:
They are NOT good for u. :(
Lena is a salesperson. As part of negotiation with her prospect during the sales process, Lena finds out what other competitors' products or services the prospect is considering. Thus, she gains insight into what the prospect is looking for and willing to pay. In this scenario, Lena is most likely in the _____ phase of negotiation.
Answers
Lena is most likely in the Investigative phase of negotiation.
In business, negotiation refers to the strategic discussion that takes place between the potential buyer and sellers who are trying to reach an agreement which favors both party.
The phase of Negotiation includes;
The investigation phase is the phase whereby both party are deciding the best price for themselves.The phase of determining the Best Alternative to a Negotiated Agreement (BANA)The presentation phaseThe bargaining phase is the phase of stating price from both partyThe closure phase.is the phase where conclusion have been reached.Therefore, in this case, Lena is most likely in the Investigative phase of negotiation.
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The individual that is likely to have the highest credit score is the one who
pays the minimum balance on a credit card each month.
O has no credit cards and uses a debit card to pay bills.
O has two credit cards and pays the full balance on each card each month.
uses a parent's credit card and repays the parent for charges each month.
Answers
The individual that is likely to have the highest credit score is the one who
has two credit cards and pays the full balance on each card each month. Option C
What is credit score about?Your likelihood of making timely loan payments is predicted by your credit score. It is generally true that paying the minimum balance on a credit card each month will not have a positive effect on a person's credit score.
In fact, it could have a negative impact because it can indicate to lenders that the borrower is struggling to pay their debts and is potentially at higher risk of defaulting on a loan.
Hence, paying the full balance on a credit card each month can have a positive impact on a person's credit score because it demonstrates responsible credit use and the ability to pay off debts in a timely manner.
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By hiring your children, you can
pay low wages.
show how much you care.
transfer wealth without estate taxes.
avoid payroll taxes. (Not the correct answer)
Answers
Answer: transfer wealth without estate taxes.
Explanation:
There are several methods to avoid having to pay estate taxes when passing on wealth to your children and this is one of them. By paying your children more than you should actually be paying them, this would be counted as payroll.
Of course your children will just get charged higher payroll taxes but you would have avoided estate taxes. Other methods include gifting them money up to a certain extent every year or using a Grantor Retained Annuity Trust.
A pleasant smile, eye contact, and a firm handshake are examples of _____.
A.crafting a logical argument
B.probingdone
C.nonverbal communication
D.consultative selling
Answers
Answer:
Nonverbal Communication
Which of the following is part of the cost of goods or services sold for a company that paints people's homes?
A. Paint
B. Flyers to promote the company
C. A van to travel to people's homes
D. Fuel for the van
Answers
Answer:
A. Paint
Explanation:
Paint is a part of the cost of goods or services sold for a company that paints people's homes. Thus, the correct option is A). Paint.
What is the cost of goods sold?COGS stands for the Cost of Goods Sold. Cost of goods sold refers to the direct costs of producing the goods sold by a company. It is the total amount or cost that is incurred in the production of the goods. The sum of amount that a business paid as a cost directly related to the sale of products, is known as COGS.
Cost of goods sold is the total carrying value of goods sold during a particular period. This amount mainly includes the cost of the material, labor, machinery etc. that are directly used to create the good. It also includes the indirect cost such as marketing cost, distribution cost, sales cost etc.
Basically, cost of goods sold can be calculated by the given formula i.e. COGS = the starting inventory + purchases – ending inventory.
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If you could reinvest the cash flow stream of $172, $1,017, $664, $628, $772, $1,245, $738, and $1,675 at 10.5% interest, how much will you have from this investment in 8 years? (In other words, what is the future value of this stream of cash flows?) Note that the cash flows are not necessarily the same as the previous problem's cash flows. The cash flow stream starts in one year; so, the last cash flow is 8 years from now. Round to the nearest cent.
Answers
According to thee question if you reinvest the cash flow stream at an interest rate of 10.5% for 8 years, you will have approximately $2,374.89 from this investment.
To calculate the future value of the cash flow stream, we can use the formula for the future value of an annuity:
Future Value = Cash Flow₁ * (1 + Interest Rate)^n + Cash Flow₂ * (1 + Interest Rate)^(n-1) + ... + Cash Flowₙ * (1 + Interest Rate)^1
where Cash Flow₁, Cash Flow₂, ..., Cash Flowₙ are the individual cash flows in each period, n is the number of periods, and Interest Rate is the interest rate per period.
Given the cash flow stream of $172, $1,017, $664, $628, $772, $1,245, $738, and $1,675, and an interest rate of 10.5%, we can calculate the future value after 8 years:
Future Value = $172 * (1 + 0.105)^8 + $1,017 * (1 + 0.105)^7 + $664 * (1 + 0.105)^6 + $628 * (1 + 0.105)^5 + $772 * (1 + 0.105)^4 + $1,245 * (1 + 0.105)^3 + $738 * (1 + 0.105)^2 + $1,675 * (1 + 0.105)^1
Calculating the above expression, we find:
Future Value ≈ $2,374.89
Therefore, if you reinvest the cash flow stream at an interest rate of 10.5% for 8 years, you will have approximately $2,374.89 from this investment.
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A business activity that changes assets, liabilities, or owner's equity is called a?
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The business activity that changes assets, liabilities, or owner's equity is called a transaction. Transactions are the financial events that occur in a business and can be classified as either internal or external.
Internal transactions involve the exchange of goods or services between different departments within a company, while external transactions involve interactions with outside parties, such as customers, suppliers, or creditors.
Recording and tracking these transactions is essential for a company to maintain accurate financial records and determine its financial position and performance. Transactions are recorded in a company's accounting system using double-entry bookkeeping, which ensures that each transaction is properly recorded and balanced. This is done by using the accounting equation, which states that Assets = Liabilities + Owner's Equity.In summary, transactions are the fundamental building blocks of a company's financial system, and accurate recording and tracking of these transactions are crucial for the financial health of a business.
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a machine that can reason, generalize or learn from past experiences is exhibiting
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A machine that can reason, generalize, or learn from past experiences is exhibiting traits of artificial intelligence (AI).
AI refers to the development of computer systems or machines that can perform tasks that typically require human intelligence, including reasoning, problem-solving, learning, and generalizing knowledge.
Reasoning refers to the ability of a machine to use logical and deductive processes to arrive at conclusions or make decisions based on available information. It involves understanding relationship, making inferences, and drawing logical conclusions.
Generalizing refers to the capability of a machine to apply knowledge or patterns learned from specific nces to new, unseen situations. It involves extracting commonalities or patterns from a set of data and using them to make predictions or decisions in similar contexts.
Learning from past experiences refers to the machine's ability to acquire knowledge or improve its performance by analyzing and adapting based on previous data or interactions. This involves machine learning techniques such as training models on historical data, identifying patterns, and adjusting their behavior or predictions based on new information.
In summary, when a machine demonstrates reasoning, generalizing, or learning from past experiences, it indicates the presence of artificial intelligence capabilities.
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Enter Mia’s total profit/loss for the month may account in the box below
Answers
Add total fixed and total variable expenses to get total expense.
9,000 + 300 = 9,300
Total expense = 9,300
To get total profit/loss, less total expenses from total revenue.
Total revenue = 9,500
9,500 - 9,300 = 200
Total profit/loss = $200
Out of the choices provided above, it can be concluded to state that the total accounting profits for Mel for the month of May as per the financial statements given above will amount to a total of $200. Therefore, the option D holds true.
What is the significance of accounting profits?The accounting profits can be referred to or considered as the profits that lead to a total of surpluses of cash balances and reserves for a particular accounting period. If the amount is not in excess of the expenses, it expresses a condition of an accounting loss for the firm.
In the situation given above, Mel's revenues were $9500, but her expenses were $9000 fixed and $300 variable. So, the accounting profits will be $200, i.e., $9500-($9000+$300)
Therefore, the option D holds true and states regarding the significance of accounting profits.
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The missing options are added below for better reference.
A. -$200
b. $300
c. $500
d. $200
Companies that fail to identify needs risk which of the following?
-loss of customers
-wasteful spending
-increasing interest
-increasing debt
Answers
Answer:
2. Wasteful Spending
Explanation:
Which statement about the Statute of Frauds is correct?
O A. The statute makes contracts voidable.
O B. It requires some contracts to be in writing.
C. It makes a written contract unenforceable.
D. Its origins began in Colonial America.
Answers
All written contracts must have definite and certain terms. Only certain types of contracts need to be in writing.
Answer:
B. It requieres some contracts to be in writingExplanation:
You are evaluating purchasing the rights to a project that will generate after tax expected operating cash flows of $88k at the end of each of the next five years, plus an additional $1,000k non-operating cash flow at the end of the fifth year. You can purchase this project for $663k. If your firm's cost of capital (aka required rate of return) is 13.0%, what is the NPV of this project? Provide your answer in units of $1000, thus, $15000 = 15k and thus you should enter 15 for your answer.
Answers
The NPV for the project, given the operating cash flows and the rate of return, is $ 189, 276. 29.
How to find the NPV?The Net Present Value (NPV) is a financial metric that is calculated by summing the present values of incoming (positive) and outgoing (negative) cash flows over a period of time.
The NPV will therefore be found by the formula :
= - Amount project is purchased for + ∑ ( Present value of the cashflows for 5 years ) + Present value of the non operating cashflow at year 5
Solving gives:
= -$663,000 + [ $ 88, 000 / (1 + 0 .13) ] + [ $88, 000 / ( 1 + 0 .13) ²] + [$ 88, 000 / ( 1 + 0 .13) ³] + [ $88, 000 / ( 1 + 0 .13) ⁴] + [($88,000 + $1,000,000) / (1 + 0.13) ⁵]
NPV = -$663,000 + [ $ 88, 000 / (1. 13) ] + [ $88, 000 / ( 1 .13) ²] + [$ 88, 000 / ( 1 .13) ³] + [ $88, 000 / ( 1 .13) ⁴] + [($88,000 + $1,000,000) / (1 .13) ⁵]
NPV = $ 189, 276. 29
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list the importance of physiotherapist and dentist
Answers
Answer:
Importance of physiotherapist:
1. They help people affected by injury,illness or disability through movement and exercise,manual therapy, education and advice.
2. They maintain health for people of all ages, helping patients to manage pain and prevent diseases.
3. Manage heart and lungs problem.
4. Recover from or prevent a sports injuries.
Importance of dentists:
1. Dentists helps to keep your teeth and mouth healthy.
2. It helps to prevent from tooth decay.
3. Protects against gum diseases, which can lead to tooth decay.
Physiotherapist assist people who have been injured, ill, or disabled through movement and exercise, manual therapy, education, and advice, and the dentist help to maintain the health of your teeth and mouth.
What is the physiotherapist?Physiotherapists treat people of all ages, assisting them in regaining their range of motion after an injury or illness. They also use exercise and manual therapy to help disabled people improve their health and quality of life.
Physiotherapist assist people who have been injured, ill, or disabled through movement and exercise, manual therapy, education, and advice, physiotherapist keep people of all ages healthy by assisting patients with pain management and disease prevention.
They are differing from the Dentists, as the dentists help to maintain the health of your teeth and mouth, It aids in the prevention of tooth decay, and helps to prevent gum disease, which can lead to tooth decay.
Therefore, physiotherapist and Dentists both play the important role for the patients.
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"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answers
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
Banks do not hold a lot of their assets in the form of cash mainly because of:
a. regulation.
b. the fear of being robbed.
c. the opportunity cost of holding cash, cash does not earn interest.
d. it can encourage employee theft.
Answers
Banks do not hold a lot of their assets in the form of cash mainly because of the opportunity cost of holding cash, cash does not earn interest. The correct option is C.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs.
The interest that could have been made if the cash had been used to buy bonds instead is the opportunity cost of keeping any money balance.
Therefore, due to the opportunity cost of holding cash and cash does not earn interest banks does nor prefer to hold a lot of their assets in the form of cash .
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You shouldn't take your investments out early. What do you think are some consequences of taking money out of your retirement early?
Answers
Answer:
You could trigger a higher tax bill.
You may have to pay a penalty.
Your request might be denied.
The withdrawn funds won't earn interest.
The distribution might not be protected from creditors.
Explanation:
assume that smith deposits $150 in currency into her checking account in the xyz bank. later that same day, jones negotiates a loan for $900 at the same bank. in what direction and by what amount has the supply of money changed?
Answers
Assume that smith deposits $150 in currency into her checking account in the xyz bank. Later that same day, jones negotiates a loan for $900 at the same bank. The money supply increased by $900.
What transpires when the money supply rises?
Lower interest rates are often a result of increased money supply, which leads to more investment and more money in consumers' hands, which in turn boosts consumption. In response, companies place larger orders for raw materials and boost output.
How is the money supply regulated?
The RBI uses a variety of methods to control the amount of money in the economy: The central bank uses both quantitative and qualitative tools to manage the money supply. Through adjustments to the CRR, bank rate, or open market functions, quantitative instruments can control the size of the money supply.
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Assume that smith deposits $150 in currency into her checking account in the xyz bank. Later that same day, jones negotiates a loan for $900 at the same bank. The money supply increased by $900.
What happens as the money supply expands?
Increased money supply often results in lower interest rates, which encourages more investment and more money in consumers' hands, which in turn increases consumption. As a result, businesses increase their orders for raw materials and increase output.
How is the amount of money controlled?The RBI employs a range of techniques to regulate the amount of money in the economy. The central bank controls the money supply using both quantitative and qualitative instruments. Quantitative instruments have the ability to regulate the amount of money in circulation via changing the CRR, bank rate, or open market operations.
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economists reason that the optimal decision is to continue any activity up to the point where the part 2a.marginal benefit equals the marginal cost.b.marginal benefit is zero.c.marginal benefit is greater than the marginal cost.d.marginal cost is zero.
Answers
Economists reason that the optimal decision is to continue any activity up to the point where the part where marginal benefit equals the marginal cost. Thus, the correct answer is option A.
What is marginal benefit?The marginal benefit is a consumer's maximum willingness to pay for an additional commodity or service. It also refers to the extra pleasure or utility that a customer receives after purchasing the additional commodity or service. The marginal benefit of a good or service decreases as the consumer consumes more of it.
In the business world, the term "marginal revenue" refers to the manufacturers' marginal gain. A marginal benefit, also known as marginal utility, is the value of any additional unit purchased for consumption after the initial unit. Utility refers to a customer's level of satisfaction with the unit being consumed.
Therefore ,the optimal decision is to continue any activity up to the point where marginal benefit equals the marginal cost.
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If the stock market falls by 25 percent next year and remains down, what is most likely to happen to the consumption function?
Answers
If the stock market falls by 25 percent next year and remains down, It Will Shift Downward to the consumption function.
Stock markets are venues wherein consumers and sellers meet to change the fairness stocks of public agencies. stock markets are additives of a loose-market economy over-the-counter the country allows democratized access to investor trading and trade of capital. stock markets create green charge discovery and efficient dealing.
The stock market is wherein traders purchase and sells shares of agencies. it's a hard and fast of exchange where corporations issue shares and different securities for buying and selling. additionally it is 2f2874cf80c036e5b52269eaf5ddfe83 (OTC) marketplaces wherein traders trade securities directly with every different (rover over the counter through an change).
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Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a(n) _____ basis
Answers
Answer:
Employees who are paid a set annual wage regardless of the number of hours worked or the amount of work completed are paid on a SALARY basis. Salary system of compensation is often based on qualifications, seniority, experience and the degree of difficulty of the job that the staff is executing.
The Magnuson-Moss ______ Act directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products.
Answers
Answer: Warrantly
directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products.