To record the receipt of $36,000 in advance from customers for services to be performed over the next three years, the following journal entry can be used:
Debit: Cash (or Accounts Receivable) $36,000
Credit: Unearned Revenue $36,000
The debit to Cash (or Accounts Receivable) represents the increase in assets (cash or accounts receivable) resulting from receiving the advance payment. The credit to Unearned Revenue represents the liability created by receiving the payment in advance, as the services are yet to be performed.
By recording this transaction, the company recognizes the receipt of the advance payment as a liability (Unearned Revenue) and will gradually recognize the revenue over the next three years as the services are provided.
To know more about Journal entry visit :
https://brainly.com/question/28390337
#SPJ11
Two characteristics of an autocratic and democratic leadership style
Answer:
• You have a highly structured working environment.
• You dictate all the working methods and processes.
Explanation:
PLEASE MARK ME AS BRAINLIEST
Suppose a consumer has $236 and wants to spend it on purchasing2 goods – Good A and Good B. Prices of these goods arePA = 1.56 and PB = 2.77 respectively.Marginal utilities of consuming each good are MUA = 16 – 4QA and MUB = 85 - 4QB. How much good A should a rational consumer consume?
To determine how much of Good A a rational consumer should consume, we need to compare the marginal utilities per dollar of each good.
The marginal utility per dollar of Good A is calculated as (MUA/PA), which is (16-4QA)/1.56. The marginal utility per dollar of Good B is (MUB/PB), which is (85-4QB)/2.77.
To maximize utility, the consumer should allocate their budget in such a way that the marginal utility per dollar is equal for both goods. In other words, the consumer should consume Good A and Good B in such a way that (MUA/PA) = (MUB/PB).
Substituting the given values, we get (16-4QA)/1.56 = (85-4QB)/2.77. Solving for QB, we get QB = 10.35.
Substituting QB = 10.35 in the equation, we get QA = 3.21.
Therefore, a rational consumer should consume 3.21 units of Good A to maximize their utility given their budget constraint and the prices and marginal utilities of the two goods.
To know more about marginal utility, please visit:
https://brainly.com/question/30841513
#SPJ11
5) Review the following citation. What type of media does it represent?
Patchin, J. W. & Hinduja, S. "School-based Efforts to Prevent Cyber-bullying." The Prevention
Researcher19.3 (2012): 7-9. Print.
Answer:
im bored
Explanation:
im bored
What is an example of a source of sales data?
Answer:
the second one
Explanation:
which of the following correctly describes globalization
Answer:
Globalization is the process of integration among individuals, businesses, and governments.
Answer Choices:
Globalization is the increase in income inequality within developed countries.Globalization is the process of integration among individuals, businesses, and governments.Globalization is the increase in the value of knowledge and information within an economy.Globalization is the process of decreasing per-unit costs with increasing production.Make sure to include the answer choices next time, hope this helps!
The statement which correctly describes globalization is that: it is a process of integration among individuals, businesses, and governments.
What is globalization?Globalization can be defined as a strategic process that involves the integration of various markets comprising individuals and business firms across the world, so as to enhance the continuous buying and selling of goods and services.
This ultimately implies that, globalization is a process of integration among individuals, business firms, and governments, in order to continually produce goods and services that are used by consumers across the world.
Read more on globalization here: https://brainly.com/question/23711616
#SPJ2
When faced with needing additional money during college, which option is NOT true?
Taking on a job can cut into study time.
Paying with credit cards can end up costing more money.
Paying with additional loans can lead to connections and opportunities.
Taking on a job can make connections that lead to opportunities.
Answer:
c
Explanation:
Additional loan incurs more debt doesn't lead to opportunities or connections
Can anyone give me some tips on how to become a successful businesswoman
1. Which is an example of fiscal policy?
A. preventing unions from going on strike
B. raising taxes in order to cover a budge deficit
C. Restricting the amount of money that banks can lend
D. increasing the level of minimum wage
2. Which is an example of fiscal policy?
A. decreasing the interest rates on loans charged to car companies
B. deploying troops to help citizens cope with natural disaster
C. going into debt to buy a large number of vehicles
D. limiting the number of foreign cars that can be sold in the United Stats
Answer:
A. decreasing the interest rates on loans charged to car companies
What are some unethical practices of consumers?
Using a coupon for things you haven't bought, stealing modest consumer goods, and eating products in-store without paying for them are all examples of unethical consumer behavior.
What is ethical and unethical in business?Good and evil behavior is distinguished by ethics. Ethical and immoral are adjectives, thus they can be used in front of phrases like problems, behavior, practices, and so on. All of these are connected to how people behave or conduct their private lives. Morally corrupt behavior is what we call unethical.
Equity, rights, honesty, and the use of corporate power are the four categories into which ethical behavior in business can be separated. Business enterprises must balance their obligations to their customers, shareholders, employees, and the general public. Consequently, the discipline includes social, personal, business responsibility, loyalty, fairness, respect, trustworthiness, and technology ethics.
To learn more about ethical behavior, visit:
https://brainly.com/question/17326998
#SPJ4
HELP PLEASE!!!
1. The Building & Construction encompasses both hands-on vocations and conceptual high-end careers.
True
False
2.
What is the minimum education needed to start a career as a Cabinet maker?
A college diploma in cabinet making
An Associates degree in cabinet making
A Ph.D. in woodworking is required
Only vocational training is needed to start a career as a Cabinetmaker
3. A majority of the careers that require more education also tend to pay a higher salary.
True
False
4. Many careers require some education beyond high school even for entry level positions. The career in Section 3 that is an exception to this is:
Welder
Cabinetmaker
Electrician
Set Decorator
5. The career that encourages obtaining an APTI or CAT certification is
HVAC Installation and Maintenance
Air Pollution Control Manager
Water Quality Specialist
Building Inspector
Answer:
#1 is False
#2 Cabinet makers are not required to have completed formal education related to the trade, but most employers prefer to hire individuals with a minimum of a high school diploma or General Educational Development (GED) credential.
#3 True
Explanation:
for individuals, stocks and bonds ar a better investment choice than mutual funds, because money is pooled from many investors for stocks and bonds
For individuals, stocks and bonds ar a better investment choice than mutual funds, because money is pooled from many investors for stocks and bonds.
A mutual fund affords diversification thru publicity to a multitude of stocks.
The reason that proudly owning shares in a mutual fund is encouraged over proudly owning a single inventory is that an individual inventory consists of more threat than a mutual fund. This type of risk is recognised as unsystematic risk.
What is better shares bonds or mutual funds?Bonds are the most conservative option, with a guaranteed return if held to maturity. However, the returns are typically lower than with mutual funds, stocks, and actual estate, which raise a more inherent risk.
Mutual funds assist furnish immediate diversification given that they invest throughout dozens or every now and then lots of individual stocks, bonds, or other securities. Further, records shows that giant businesses of stocks tend to ride out market volatility higher than character stocks.
Learn more about mutual funds here:
https://brainly.com/question/4521829#SPJ4What is a key requirement of a savings plan?
0 to prioritize saving regularly without exception
O to save any money that has not been spent
Oto prioritize saving money when it is convenient
O to save money whenever you are at the bank or an ATM
To prioritize saving regularly without exception.
What is a saving plans?
Savings plans are financial solutions intended to encourage responsible saving while providing consistent returns that aid in reaching your financial objectives. These plans, which are typically life insurance products, protect your loved ones' finances in the event that something were to happen to you.What are the benefits of savings plan?
Helps Save Taxes: Since saving plans are essentially life insurance plans, they offer the same tax benefits offered by other insurance plans. In particular, you can avail an exemption of up to Rs 1.5 lakh towards your premium payments, as per Section 80C of the Income Tax Act.Why is saving crucial?
Having a budget can assist you:Manage unforeseen expenses and crises. Reach your financial objectives, such as saving for a car, a down payment for a home, or your retirement.To know more about savings, checkout this link:
https://brainly.com/question/25787382
#SPJ1
Although imperfect, which of the following is used as a measure of the standard of living?
(i) Real GDP * Population.
(ii) Real GDP / Population.
(iii) Nominal GDP * Population.
(iv) Nominal GDP / Population.
Real GDP / Population is used as a measure of the standard of living. The correct answer is option (ii).
What is GDP?The phrase "Gross Domestic Product," or "GDP," can be used to describe the monetary worth of all the services and goods that a country can create or manufacture by making the best use of its productive resources.
A nation's quality of living may be calculated by dividing its real GDP by its total population. It assesses the amount of production per unit that is accessible in the economy. The fact that it excludes the qualitative aspects that have an impact on an economy makes it an imprecise metric, yet it is nonetheless employed to assess the quality of living because they are challenging to evaluate.
To know more about GDP, visit:
https://brainly.com/question/1383956
#SPJ1
A large company that must hire a new president prepares a final list of five candidates, all of whom are equally qualified. Two of these candidates are members of a minority group. To avoid bias in the selection of the candidate, the company decides to select the president by lottery. a. What is the probability one of the minority candidates is hired? b. Which concept of probability did you use to make this estimate.
a. The probability of one of the minority candidates being hired is 2/5 or 0.4 (or 40%).
To determine the probability of one of the minority candidates being hired through a lottery, we need to consider the number of possible outcomes that result in the selection of a minority candidate, divided by the total number of possible outcomes.
Since there are five equally qualified candidates and two of them are from the minority group, the probability of one of the minority candidates being hired can be calculated as follows:
Probability = Number of outcomes favoring minority candidates / Total number of outcomes
Number of outcomes favoring minority candidates = 2 (since there are two minority candidates)
Total number of outcomes = 5 (since there are five candidates in total)
b. The concept of probability used to make this estimate is classical or theoretical probability. In classical probability, the probability of an event occurring is calculated by dividing the number of favorable outcomes by the total number of possible outcomes. In this case, we are determining the probability of hiring one of the minority candidates, which involves counting the number of outcomes favoring minority candidates and dividing it by the total number of outcomes.
Learn more about probability here: brainly.com/question/13604758
#SPJ11
1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answer:monopoly
Explanation:
What is down payment with regarding to buying a house?
New oil is reserves are discovered. What has increased in supply.
A CAPITAL
B ENTERPRISE
C LABOUR
D LAND
The correct answer is D. Land
Explanation:
In economics, land is one main factor of production and includes natural resources that can be used to make products, for example, wood can be used to made furniture or fruits can be used to produce juice, jam, and similar. Also, these resources are classified into renewable and nonrenewable depending on whether they are abundant and replenish in a short time. Oil is considered part of the land factor because this is a non-renewable resource that is used to produce goods such as fuels or plastic. Therefore, if new oil reserves are discovered there is an increase in land supply because more natural resources are available to produce goods.
In a household, a business is run for an average of 6 hours per day. the total power consumed by a computer and its printer is 215 watts. in addition, a 75-w light bulb runs during the same 6 hours. if their utility charges 11.75 cents per kwh, how much do the owners pay every 30-days?
Answer:
$6.13
Explanation:
total electricity consumed per hour = 215 watts (computer + printer) + 75 watts (lights) = 290 watts per hour
total electricity consumed per month = 290 watts x 6 hours x 30 days = 52,200 watts = 52.2 kwh
monthly electric bill associated to the business = 52.2 kwh x $11.75 = $6.1335 ≈ $6.13
the amount that the owners will pay every 30-days is $6.13.
Here, we are to calculate the amount that the owners will pay for electricity every month.
The total electricity consumed per hour equals watt of Computer&Printer + Light wattTotal electricity consumed per hour = 215 watts + 75 watts
Total electricity consumed per hour = 290 watts per hour
Total electricity consumed per month = Total electricity consumed per hour * 6 hours * 30 daysTotal electricity consumed per month = 290 watts x 6 hours x 30 days
Total electricity consumed = 52,200 watts
Total electricity consumed = 52.2 kwh
Monthly electric bill = Total electricity consumed * Utility charges per kwh
Monthly electric bill = 52.2 kwh x $11.75
Monthly electric bill = $6.1335
Monthly electric bill = $6.13
Therefore, the amount that the owners will pay every 30-days is $6.13.
See similar solution here
brainly.com/question/14592804
In Section 2, you learned about costs and profit. Now, you'll apply what you learned.
1. Choose a real or made up example of a company, and describe at least three variable costs the company has. (1-3 sentences. 1.5 points)
2. Choose a real or made up example of a company, and describe at least three fixed costs the company has. (1-3 sentences. 1.5 points)
3. Is gross profit or net profit more important to consider when you're deciding how successful and profitable a company is? Why? Explain. (1-3 sentences. 2.0 points)
4. If you were running a company, describe at least two things you would do to improve its productivity. (1-4 sentences. 2.0 points)
5. Describe at least two advantages a large company has over a smaller company. (1-4 sentences. 2.0 points)
6. Choose a good you are familiar with, and analyze its economic utility, using the questions below. NOTE: Choose a good for this exercise, not a service.
a. What type of good did you choose? (1 sentence. 1.0 points)
b. Describe the form utility of the product you chose. What makes its form useful? Can you think of any improvements that could be made to its form utility? (1-3 sentences. 2.0 points)
c. Describe the place utility of the product. Can you think of any improvements that could be made to its place utility? (1-3 sentences. 2.0 points)
d. Describe the time utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
e. Describe the possession utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
f. Describe the information utility of the product. Can it be improved at all? (1-3 sentences. 2.0 points)
A company which makes custom-fitted sweaters for cats has three variable costs. The cat sweater designer only does home visits, so for each customer, the designer will have to drive to the house to measure the cat. Each cat’s shape and measurements differ, so the yarn to make their sweaters will vary for each cat. The time spent knitting the sweaters will vary for each cat depending on the style their owner wants and the cat’s size and shape. For this company, the variable costs would be gas, the yarn, and staff wages for how much time each sweater takes.
What does a corporation mean?A group of people can come together to legally form a corporation to do business and run a commercial or industrial venture. Depending on its jurisdiction's corporate legislation, a corporation may be set up in a variety of ways for tax and financial liability reasons.
What is the difference between a company and a business?Although a corporation might conceivably be managed by a single person, a company by definition needs to have numerous owners. One might employ a few members of their family to work at a small carwash, for instance. As a business, that would qualify.
To know more about Company visit:
https://brainly.com/question/29354835
#SPJ1
Write a three sentence objective stating what you “bring to the table” and why you are applying for a job at XYZ Manufacturing and Construction.
Answer:
Skill
Willingness to learn/teach
Enthusiasm for the job and ways to improve it
Explanation:
Dear Manager
I am writing a letter to state that I would like to apply for the position that you are offering at the Manufacturing and construction company.
I am skilled in the craft as I earned my degree in the subject area and had been working in the same are for the last 10 years. In addition to that I am always willing to learn new ways and apply the newest technology that is most beneficial to us as well as teach the lot what I have learned thus far. Finally, I am willing to put myself in the job wholeheartedly and help solve problems that may arise. I will work with due diligence and I will not waiver.
Regards
New Worker
How much would you have to invest now in order to end up with $500 after 3 years, if your account earns 4% interest, compounded monthly
You would need to invest approximately $444.53 initially to end up with $500 after 3 years, assuming a 4% interest rate compounded monthly.
How to solve for the compoundingLet's substitute the given values into the formula and solve for P:
500 = P(1 + 0.04/12)^(12*3)
First, simplify the exponent:
500 = P(1.003333)^(36)
Next, divide both sides of the equation by (1.00333333333)^(36):
500 / (1.0033333)^(36) = P
Using a calculator, the value of (1.00333333333)^(36) is approximately 1.12371630138. Let's substitute this value:
500 / 1.12371630138 = P
P ≈ $444.53
Therefore, you would need to invest approximately $444.53 initially to end up with $500 after 3 years, assuming a 4% interest rate compounded monthly.
Read more om interest, compounded monthlyhere https://brainly.com/question/31242519
#SPJ4
which of the following is not a reason why companies prefer certain accounting methods?
a. asset structure.
b. political costs.
c. bonus payments.
d. smooth earnings.
Asset structure is not a reason why companies prefer certain accounting methods. Option a is correct.
Accounting methods are a set of principles, procedures, and rules that define how financial information should be reported by an organization or a business. These methods are important as they can significantly affect an organization's financial position, results of operations, and cash flows.
Asset structure is not a reason why companies prefer certain accounting methods. It describes the composition of an organization's assets. While asset structure can influence certain accounting decisions, it is not a reason why companies prefer certain accounting methods.
Therefore, a is correct.
Learn more about accounting methods https://brainly.com/question/30286560
#SPJ11
Which type of panel varies questions from one panel measurement to the next?
a. Continuous panels
b. Repetitive panels
c. Multivariate panels
d. Discontinuous panels
The type of panel that varies questions from one-panel measurement to the next is known as Discontinuous panels. A discontinuous panel is a panel in which different sets of respondents are surveyed over time, with each set of respondents being used for only one survey wave. For the same reason, this panel is also known as the cross-sectional panel. While each panel has a unique set of questions to ask, some questions may be repeated over time. The questions are generally not repeated from one panel to the next. As opposed to continuous panels, which use the same set of respondents for each wave, and multivariate panels, which are often used to track the same set of individuals but collect different types of data at each wave.
Most respondents in discontinuous panels are only interviewed once.
The type of panel that varies questions from one-panel measurement to the next is called a Discontinuous panel.
Discontinuous panels or cross-sectional panels are those in which different sets of respondents are surveyed over time, with each set of respondents being used for only one survey wave. This type of panel is also known as the cross-sectional panel. Each panel has a unique set of questions to ask, and while some questions may be repeated over time, the questions are generally not repeated from one panel to the next. Many respondents in discontinuous panels are only interviewed once.
Learn more about cross-sectional panels: https://brainly.com/question/30657393
#SPJ11
$945 what is the change in operating profits if the one-time-only special order for 1,030 units is accepted for $550 a unit by price?
If the one-time-only special order for 1,030 units is accepted at a price of $550 per unit, there would be a decrease in operating profits of $406,850.
The change in operating profits can be calculated by multiplying the number of units in the special order (1,030) by the difference in price between the special order and the current operating price.
To calculate the change in operating profits, we subtract the current operating price from the special order price ($550 - $945 = -$395).
Since the special order price is lower than the current operating price, there would be a decrease in operating profits.
To find the total change in operating profits, we multiply the difference in price by the number of units in the special order: -$395 * 1,030 = -$406,850.
Therefore, if the one-time-only special order for 1,030 units is accepted at a price of $550 per unit, there would be a decrease in operating profits of $406,850.
In summary, accepting the special order would result in a decrease in operating profits by $406,850.
to learn more about operating profits
https://brainly.com/question/33547076
#SPJ11
To find the change in operating profits, calculate the current operating profit by multiplying the current number of units sold by the current price per unit. Then, calculate the operating profit after accepting the special order by multiplying the total units sold (current units + special order units) by the special order price per unit. Finally, find the difference between the operating profit after accepting the special order and the current operating profit.
To calculate the change in operating profits, we need to find the difference between the current operating profit and the operating profit after accepting the special order.
1. Calculate the current operating profit by multiplying the current number of units sold by the current price per unit.
2. Calculate the operating profit after accepting the special order by multiplying the total units sold (current units + special order units) by the special order price per unit.
3. Find the difference between the operating profit after accepting the special order and the current operating profit.
Let's assume the current operating profit is $945. The one-time-only special order is for 1,030 units at a price of $550 per unit.
1. Current operating profit: Suppose the current number of units sold is x and the current price per unit is y.
Current operating profit = x * y
2. Operating profit after accepting the special order:
Total units sold = current units + special order units = x + 1030
Operating profit after accepting the special order = (x + 1030) * 550
3. Change in operating profit:
Change in operating profit = Operating profit after accepting the special order - Current operating profit
Therefore, to find the change in operating profits, you would need to calculate the current operating profit using the given information and then subtract it from the operating profit after accepting the special order.
To know more about Operating profit, visit:
https://brainly.com/question/33547076
#SPJ11
dratif corporation's working capital is $45,000 and its current liabilities are $128,000. the corporation's current ratio is closest to: multiple choice 1.35 0.35 2.35 0.74
The ratio between a company's current obligations and its current assets is known as the current ratio. You divide current assets by current liabilities to arrive at the current ratio. So, the closest option is 1.35 for the current ratio. So, the answer is A) 1.35.
To Find the current ratio, we need to divide the current assets by the current liabilities. The current assets are not given, but we can use the working capital and the current liabilities to calculate them. The current assets can be calculated as follows:
Current assets = Working capital + Current liabilities
= $45,000 + $128,000
= $173,000
Now we can calculate the current ratio as:
Current ratio = Current assets / Current liabilities
= $173,000 / $128,000
= 1.35
Learn more about current ratio Visit: brainly.com/question/30401599
#SPJ4
To measure ingredients accurately, it is best to measure items in as many
measurements as possible.
TRUE
FALSE
Investor presentations of ________ provide an opportunity for discussions to take place regarding the continuing corporate performance on ________ value creation story and a ________ value creation plan.
a) short-term plans; short term; short term
b) short-term plans; long term; long term
c) long-term plans; short term; long term
d) long-term plans; long term; long term
Discussions on the ongoing corporate performance on a long-term value creation story and a long-term value creation strategy can be had during investor presentations of long-term plans.
We urge leaders to prioritize long-term value creation as a starting point when trade-offs need to be made because of the advantages it brings for resource allocation and economic health. Consider your staff members to be stakeholders.
Due to their managerial expertise in fields like planning, budgeting, purchasing, and human resource management, these companies bring value. enabling the business to concentrate its efforts on more desirable possibilities.
The main objective of a corporation is to maximize short-term gains for all of its stakeholders. When a business examines its stakeholders and its mission statement as well as competitors,
To know more about stakeholders, refer to:
https://brainly.com/question/28625232
#SPJ4
Delaware licensees must deliver a signed copy of all agreements to all parties to the agreement _______.
In Delaware, licensees are required to deliver a signed copy of all agreements to all parties to the agreement at the time of execution.
They should ensure that all parties receive a copy of the contract with all signatures as proof of the agreement. This measure provides proof of the contract's existence in the event of a dispute between the parties involved. Hence, Delaware licensees must deliver a signed copy of all agreements to all parties to the agreement at the time of execution.
Unless otherwise stated, clients are represented in dual agency in Delaware. A real estate agent that works for both the buyer and the seller in a deal is known as a dual agent. In the case of designated agency, the real estate agent only represents one of the parties—neither the buyer nor the seller.
To Know more about parties involved.
https://brainly.com/question/27899951
#SPJ11
For a perfectly competitive firm, marginal revenue: ________
a) is less than price.
b) is greater than price.
c) decreases as the firm increases output.
d) is equal to price.
In a perfectly competitive market, the marginal revenue will be equal to the price. In a perfectly competitive market, there will be a large number of buyers and sellers selling their goods at the same rate. The goods will be homogenous and there will be no difference in the goods sold. In such a case the marginal revenue will be equal to the price of the goods.
Let us assume a perfectly competitive market. A seller will be able to sell whatever quantity he wants at that rate. If the price of the goods is increased he will not have customers. There is no use in reducing the price as the customers are willing to buy the goods at a higher rate. The market is also able to buy all the goods sold by the seller so their marginal revenue will not decrease.
In a perfectly competitive market, the marginal revenue line is a horizontal line. this line will be equal to the price of the goods in the market.
1. Learn more about the perfectly competitive firm from:
https://brainly.com/question/14939269
2. Learn more about marginal revenue here:
https://brainly.com/question/12342976
#SPJ4
During which part of the Product Life Cycle would a company use a profit-oriented pricing strategy?
The lifespan of a product depicts how long it remains on the market, from the moment it is first introduced to consumers until it is phased out and taken off the shelves.
What is the maturity stage of the product life cycle?Sales declined during the mature period, a sign that the market has started to become saturated. During this phase of the product life cycle, the price also starts to become competitive. The profit margins become slimmer as a result.
In most life-cycle situations, profits normally reach their greatest level during the early growth stages, but sales often reach their peak during the mature stages.
Learn more about the product life cycle here:
https://brainly.com/question/15177349
#SPJ1