Is travel a good or a service?

Answer:

Sole trader has independence of decision making and unlimited liability for debts which is not the case with Private limited company

Explanation:

Two possible disadvantages to a sole trader of changing to a  Private limited company are as follows -

a) As a sole trader there is unlimited liability for debts while in case of private limited company the the transfer ability of shares gets restricted.

b) The sole trader is the sole decision taken while in case of private limited company the joint decision can be taken by the co owners.

Answer:

Beginning inventory

Explanation:

Beginning inventory refers to the finished goods that are still in the business premises at the beginning of a fiscal year. They represent the finished products that the business was not able to sell in the past period. Beginning inventory becomes part of the inventory to be sold in the current year.

Other terms that describe beginning inventory are opening inventory, opening stock, and balance brought forward.

Answer:

D- Beginning inventory

Explanation:

The amount of gain that will be recognized in 2021 under the installment method, is $27, 857 . 14

First, find the profit margin on the land sold by Allen to Stan:
= ( Selling price of land - Allen's basis in the land) / Allen's basis in the land

= ( ( 300, 000 + 65, 000) - 255, 500) ) / 255, 500

= 109, 500 / 255, 500

= 42. 857 %

The gain to be recognized, using the installment method is:
= Profit margin x Amount paid by Allen in 2021

= 42. 857 % x $ 65, 000

= $27, 857 . 14

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Although we do not have access to the chapter, we can provide a generalized answer in that people can still be motivated to buy watches today as an accessory from a fashion standpoint.

In this digital age, watches are no longer purchased mainly for their functional aspects given that smartphones can more than suffice. However, as all marketing for watches will prove, the principal motivation for watches today is fashion. Watches now serve as an accessory to complete any outfit, and as is the case with diamonds, a more expensive watch will occupy the role of a lucrative accessory, drawing the desired attention.

Therefore, we can confirm that people can still be motivated to buy watches today as an accessory from a fashion standpoint.

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Answer:

Explanation:

Annual depreciation=(cost-salvage value)/useful life

Annual depreciation =(156,000-1000)/20

Annual depreciation =$7750/year

Hence Depreciation for second year=$7750.

Answer:

Finland, Sweden, China, South Korea and United Kingdom are the five countries.

Answer:

Company: XYZ Corporation

Preventive Control:

One preventive control for XYZ Corporation is to implement a segregation of duties policy, where different individuals are responsible for different tasks. This ensures that employees have little control over a particular area to reduce the risk of fraud or errors. For example, the employee who is responsible for processing payroll is not approve time cards or change pay rates.

Detective Control:

A detective control for XYZ Corporation is to conduct periodic audits of financial transactions. This helps identify any unusual or suspicious activity, such as unauthorized disbursements or purchases. For example, a forensic audit is conducted to identify potential fraudulent transactions.

Corrective Control:

A corrective control for XYZ Corporation is to establish a robust internal reporting system that allows employees to report any concerns about potential issues in the company. This enables prompt investigation of any issues that may arise. For example, employees are provided with a hotline or an online reporting system allowing them to report issues anonymously.

Enterprise risk management (ERM) influences the internal controls by providing a framework for identifying and assessing risks across the organization. ERM encourages the company to evaluate all risks, including those related to financial reporting, compliance, and strategic objectives. It helps the company identify the most critical risks and develop appropriate internal controls to mitigate those risks.

In addition, ERM promotes a culture of risk management throughout the organization, where employees can report any risks or issues they observe. This helps ensure that the internal controls are effective and are being followed by all employees. ERM also encourages regular monitoring and testing of the internal controls to ensure that they are functioning as intended and are meeting the company's risk management objectives.

Explanation:

Despite the abundance of data available, statistics give managers greater confidence in handling uncertainty, allowing them to make better decisions more rapidly and provide more solid leadership to the workers who depend on them.

When applying statistics to a scientific, industrial, or social problem, it is customary to start with a statistical population or a statistical model to be researched. Statistics is a field that deals with the gathering, organization, analysis, interpretation, and presentation of data.

A statistical data management system is one that is specifically made to handle so-called "macro data," or data that has been generated using various summarization methods, such as grouping and classification, as first-class objects.

Therefore, despite the abundance of data available, statistics give managers greater confidence in handling uncertainty

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1. The amount of the free trade credit that Monument Health obtains from Cardinal Health is $400,000.00.

2. The total amount of trade credit offered by Cardinal is $404,000.00.

3. The approximate annual cost of the costly trade credit is 72%.

4. No. Monument Health should not replace a portion of the trade credit with a bank loan.

5. If the bank loan is used, the trade credit should be replaced by $133,333.00.

Trade credit is a business arrangement that allows the buyer to buy goods in exchange for later payment.

Giving trade credit is costly to the seller but profitable to the buyer, especially with the offer of cash discounts.

Gross prices = $400,000

Terms of trade = 1/5, net 15

Bank loan = $400,000

Loan interest rate = 12%

Days per year = 360 days

Cost of Trade Credit for 5 days = $4,000.00 ($400,000 x 1%)

Annualized cost = 72% (1%/5 x 360)

Cost of bank loan for 10 days = $1,333.33 ($400,000 x 12% x 10/360)

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Answer:

A. The approach of lowering prices temporarily to gain market share

Explanation:

Penetration pricing is a strategy that marketers use to quickly gains market share of a new product. The strategy involves lowering the price of new products to woe customers to buy. The lowering of the price is temporary. Marketers use this strategy to introduce a product as a pocket-friendly alternative.

Penetration pricing is used where a product will be in competition with other existing brands. After the product has gain market share,  marketers may increase the price to make profits.

Answer:

A

Explanation:

One reason why invoices and related paperwork should have some indication that they have been processed for payment is to avoid paying for an invoice more than once. Hence, option (a) is the correct answer.

Invoice processing refers to the whole process of tracking, managing, and maintaining financial records, starting with the purchase order and finishing with the payment of an invoice. Invoices and related paperwork should have some indication that they have been processed for payment to avoid paying for an invoice more than once.

It is important to ensure that invoices are not paid twice because this can result in a waste of resources, especially in large organizations with several employees, vendors, and clients. In addition, an invoice number is assigned by the buyer to each invoice when it is received. This number can be used by both the buyer and the seller to track the invoice and its payment status. The invoice number helps the buyer to identify any invoice that may be paid twice and also helps the seller to track the payment status of an invoice.

In conclusion, a correct option is option (a) because it explains one of the reasons why invoices and related paperwork should have some indication that they have been processed for payment.

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Answer:

Five websites and apps to find the best campsite:

Campendium. This website is our go-to resource to find great camping! ...

Recreation.gov. ...

Reserve America. ...

FreeCampsites.net. ...

The National Park website for the location you're visiting!

Explanation:

Managers want larger budgets; entrepreneurs work to do more with less.

Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.

This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.

Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.

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One way that an HR department can ensure it is following up candidates right is D. They ensure job candidates have been recruited from a wide variety of minority channels.

It is crucial for organizations to maintain a diverse candidate pool as it upholds EEO compliance, thereby preventing discrimination and enabling equal opportunities, adopting various minority channels in the recruitment process guarantees unbiased consideration of applicants from distinct backgrounds, which counters traditional recruitment methods that may be partial to certain groups.

Through this approach, HR departments can ensure impartiality and inclusivity in their hiring processes while serving the organization's overall best interests.

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Answer:

cute

Explanation:

theyre so cute

Answer:

omg your bunnies are SO cute!

Explanation:

:D

Answer:

Operation processes transform input into output in different ways, among them volume, variety and variation dimensions.

A canned fruit factory follows a volume dimension in the operation process. There is a high demand for canned fruits making it a high demand process whose high volume can be automated or standardized. This systemization leads to a lower cost base.

A hair salon uses a variety dimension in operation processes. Variety relates to a variety of goods or services being sold to customers. This increases sales and profit potential as opposed to offering one or two products. Hair salons have a lot of beauty and hair style offers.

The Preparing Adjusted Trial Balance with the help of Worksheet: is given below:

Solutions Company

Worksheet

December 31

Accounts Unadjusted Trial Balance Adjusting Entries Adjusted Trial Balance

Debit Credit Debit Credit Debit Credit

Cash $20,000    $20,000

Accounts Receivable 0  $2,450  2,450

Supplies 7,600   $4,150 3,450

Machinery 50,000    50,000

Accumulated Depreciation  $20,000  3,800  $23,800

Accounts Payable  0    0

Interest Payable  0  800  800

Salaries Payable  0  400  400

Unearned Rental Fees  7,200 4,000   3,200

Note Payable  30,000    30,000

Common Stock  10,000    10,000

Dividends 9,500   9,500

Retained Earnings  14,200    14,200

Rental Fees  32,450  6,450  38,900

Salaries Expense 24,500  400  24,900

Interest Expense 2,250  800  3,050

Supplies Expense 0  4,150  4,150

Depreciation Expense 0  3,800  3,800

Totals $113,850 $113,850 $15,600 $15,600 $121,300 $121,300

Preparing Income Statement:-

Solutions Company

Income Statement

For the Year Ended December 31

Accounts Amount Amount

Revenue:-  

Rental Fees $38,900

Total Revenue  $38,900

Expenses:-  

Salaries Expense $24,900

Interest Expense 3,050

Supplies Expense 4,150

Depreciation Expense 3,800

Total Expenses  ($35,900)

Net Income  $3,000

Preparing Statement of Retained Earnings:-

Solutions Company

Statement of Retained Earnings

For the Year Ended December 31

Accounts Amount

Retained Earnings 14,200

Net Income 3,000

$17,200

Dividends (9,500)

Retained Earnings, Ending $7,700

Preparing Balance Sheet:-

Solutions Company

Balance Sheet

December 31

Accounts Amount Amount

Assets:-  

Cash $20,000

Accounts Receivable 2,450

Supplies 3,450

Machinery 50,000

Accumulated Depreciation (23,800)

Total Assets  $52,100

Liabilities:-  

Accounts Payable $0

Interest Payable 800

Salaries Payable 400

Unearned Rental Fees 3,200

Note Payable 30,000

Total Liabilities  $34,400

Stockholders Equity:-  

Common Stock $10,000

Retained Earnings, Ending 7,700

Total Stockholders Equity  $17,700

Total Liabilities and Stockholders Equity  $52,100

Preparing Closing Entries:-

Solutions Company

General Journal

December 31

Date Accounts Title and Explanation Debit Credit

December 31 Rental Fees $38,900

Income Summary  $38,900

(To close Revenue Account)  

December 31 Income Summary $35,900

Salaries Expense  $24,900

Interest Expense  $3,050

Supplies Expense  $4,150

Depreciation Expense  $3,800

(To close Expenses Accounts)  

December 31 Income Summary $3,000

Retained Earnings  $3,000

(To close Income Summary)  

December 31 Retained Earnings $9,500

Dividends  $9,500

(To close Dividends Account)

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BRICK 'n TILE, a hypothetical company, can differentiate between short-run and long-run costs by considering examples such as immediate production costs (short-run) and investment in new production facilities (long-run).

Short-run costs refer to expenses that a company incurs in the immediate period, where some factors of production are fixed and cannot be easily adjusted. In the case of BRICK 'n TILE, short-run costs could include the costs of raw materials, labor, utilities, and maintenance for their existing production facilities. These costs are essential for the day-to-day operations and can be directly linked to the current level of production.

On the other hand, long-run costs encompass expenses that can be adjusted in the long term to adapt to changes in production levels and scale. For BRICK 'n TILE, an example of a long-run cost would be the investment in new production facilities or equipment. If the company decides to expand its operations or increase its capacity, they may need to construct a new manufacturing plant or purchase advanced machinery. These costs are incurred over an extended period and are associated with strategic decisions that affect the company's production capabilities in the long run.

Differentiating between short-run and long-run costs is crucial for effective financial planning and decision-making. Short-run costs help determine the immediate profitability of the company's operations, while long-run costs factor in the potential growth and expansion strategies. Understanding the distinction between these cost categories allows BRICK 'n TILE to make informed decisions regarding short-term production levels and long-term investment in infrastructure and technology.

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STUDY FIRST AND WORKING HARDLY

Product Inventory -$6,300 debit

Invoices Payable -$6,300 credit

All the materials, products, and other items that a company keeps on hand with both the goal of reselling these for a profit are collectively referred to as inventory. As an illustration, merely the item will indeed be considered inventory if a newspaper seller uses a van to distribute newspapers to clients.

Inventory consists of goods or resources that a business intends to resale to customers at a profit. Merchandise management, a key element of the supply chain, involves tracking inventory from manufacturers through storage and from these places to a point of sale.

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Answer:

A. loss of current sales due to a new project being implemented.

Explanation:

In business, erosion takes place when a new product or project competes with another product or project from the came company. This "internal" competition reduces the revenues and benefits from existing products or projects. It is basically a form of business cannibalization, where the left arm takes away from the right arm. E.g. newer smartphone models decrease the sales revenue from existing (older) models.

Firm's total revenues will change to $600 if you increase the price of good X by 2 percent

Price elasticity of demand = percentage change in quantity demanded / percentage change in price −2 = percentage change in quantity demanded / 2% percentage change in quantity demanded = --2 x 2% = -4% The quantity demanded of good X would fall by 4% Revenue would change by -0.04 x  $60,000= -$2400 Cross price elasticity of demand measures the responsiveness of quantity demanded of good Y to changes in price of good X. 1.5 = percentage change in quantity demanded of good Y / 2% percentage change in quantity demanded of good Y = 1.5 x 2% = 3.0% The quantity demanded of good Y would increase by 3.0% Revenue would change by 0.030 x $100,000= $3000 Total change = -$2400+ $3000=$600

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By the conclusion of Year 25, he had $1,033,544.53 in his savings account.

The worth of a current asset at some point in the future based on an estimated rate of growth is known as future value (FV). For investors and financial planners, the future value is crucial because they use it to predict how much an investment made now will be worth in the future.

At the end of the first year, the initial deposit will be made. 25 years after the first deposit translates to 26 years when the year is subtracted from 25+1.

years          deposit           FV factor at the end of 5 year         future value

                                                  1.105 × 26                                                

1                50000             12.13547977                                      606773.9884

2                28000             1 0.98233463                                  307505.3697

3                 12000             9.938764372                                    119265.1725

                                                                      FV                          1,033,544.53

Consequently, the future value is $1,033,544.53

A mutual fund's historical average return is represented by the average annual return (AAR), which is typically expressed over three, five, and ten years. Investors usually examine a mutual fund's average annual return before investing in it as a means to gauge the success of the fund over the long run.

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Using social media, security measures are: Do not compromise operational security by posting sensitive information on social media sites and Do not post personal information on social media.

Social media is a collective term for websites and applications focused on communication, community-based input, interaction, content sharing, and collaboration. People use social media to keep in touch and interact with friends, family, and diverse communities.

Billions of people around the world use social media to share information and make connections. On a personal level, social media allows us to connect with friends and family, learn new things, develop interests, and have fun.

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Answer: c. Mark. Since he captured the animal.

Explanation:

With regards to the information given, the owner of the animal is Mark because he's the one who captured the animal.

It should be noted that the fact that Mike tells Mark that Mike has spent 25 years and $2,000,000 to corner the animal in a specific field in Congo doesn't mean that he's the owner of the animal.

Upon capturing the animal, under the law of ownership, the animal now belongs to Mark as he's the owner.

The opening price of the Dow Jones Industrial Average on Feb 08, 2019 was 25169.53.

On Feb 08, 2019, the Dow Jones Industrial Average opened at a price of 25169.53 which was the closing price on February 07.

At the end of the day, the value had decreased to a price of 25106.33 to show that the market at the time was bullish.

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Answer: The answer is D 72-month loan with a 2 annual simple interest rate

Explanation:

A) 24x480=11,500 is incorrect

B) 36x360=12,960 is incorrect

C) 60x240=14,400 is incorrect

D) 72x120=8,640 is correct

I hope I wasn't too late to help. ;)

The loan option that would require her to pay back the least amount of money is: D) 72-month loan with a 2 annual simple interest rate.

Based on the information given the loan option that would  require her to pay back the least amount of money is 72-month loan with a 2 annual simple interest rate reason being that amount she will paid will be least amount compare to other loan options.

Loan=72 months ×($6,000×2%)

Loan=72 months×$120

Loan =$8,640

Inconclusion  the loan option that would require her to pay back the least amount of money is: D) 72-month loan with a 2 annual simple interest rate.

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