Question 5 3.5 pts In class we learned that transferring contents of source documents correctly is a critical step in ensuring data accuracy. Which of the following is considered a source document? Point of sales terminal Bank deposit sheet Purchase Order All of the options
Answers
In conclusion, source documents are critical for ensuring the accuracy of data entry. They serve as the foundation of a company's financial record-keeping process, providing essential information about transactions and helping to prevent errors.
In class, we learned that transferring the contents of source documents correctly is a critical step in ensuring data accuracy. A source document refers to a document that captures the key transaction data required to process a business transaction. A source document provides the information to record a transaction and may be in either paper or electronic form.
There are many types of source documents, including purchase orders, invoices, bank deposit slips, time cards, and others. The following is considered a source document:
All of the options
Point of sales terminal
Bank deposit sheet
Purchase Order
All the above mentioned options are considered source documents because they contain essential information about transactions. A point of sales terminal, for example, produces a receipt that contains information about the date, time, and cost of a purchase. Bank deposit sheets contain information about the amount, date, and account to which a deposit was made. Purchase orders provide information about the items or services being purchased, the quantity, and the price.
In conclusion, source documents are critical for ensuring the accuracy of data entry. They serve as the foundation of a company's financial record-keeping process, providing essential information about transactions and helping to prevent errors. Therefore, it's important to accurately transfer the contents of these documents into the company's financial records, whether they are in electronic or paper format.
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Related Questions
Margaret isn't ready to buy jill's property, but she pays jill a fee that guarantees she'll be notified if another buyer appears. If another buyer does make an offer, margaret has the opportunity to purchase at the price and terms of the offer. Margaret has a(n) ______ on jill's property
Answers
What this means is that Margaret has a Right of first refusal on Jill's property,
What is Real Estate?This refers to the buying and selling of properties and how the ownership is transferred.
Hence, because Margaret has made a down payment on the property which gives her the chance to buy the property if there is no counteroffer, then this means that Margaret has a Right of first refusal on Jill's property,
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Although Zappos has around 900,000 unique products in its warehouse, company executives think there is room for more. Zappos is utilizing ______ for this promotion.
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Answer: email marketing
Explanation:
Email marketing is the act of promoting a business, a product or anything worth promoting or an exchange of mail. This emails are sent to existing and prospective customers either telling them of this new product or promoting existing goods and services. Zappos utilizes email marketing for this promotion.
If one part of the flow breaks down, what would happen to the entire circular flow model?
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Answer:
Explanation:
The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents
Place the steps for proper lifting technique in the correct order. --Select-- --Select-- --Select- --Select-- --Select- --Select-
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Answer:hold up
Explanation:
با ما
Outline two reasons why a business such as AEC could not be
Successful without other firms providing natural resources
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Answer:
Because of product's use of natural resources in its input (1) and dependence on the supply chain system of other companies.
Explanation:
The reason is that all of the companies rely on natural resources that the companies are processing and making it available for the other companies to utilize it to control its cost and complete the production of the products. The energy is a natural resource which every company utilizes and due to this its production is largely dependent on the firms that are processing natural resources to make it available for companies to utilize it.
The next most important thing is supply chain system of natural resource companies that helps the companies like AEC and even an individual to make the use of these natural resources in an efficient and effective manner. If I don't have access to fuel, then I cann't travel and traveling by using horses would be expensive and time consuming. So supply chain system of the other businesses play key role here.
1. Describe how SaksFirst builds loyalty for Saks Fifth Avenue.
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SaksFirst built loyalty for Saks Fifth Avenue by broadening its reach and offering more benefits like:
free membership for cardholders without minimum spending earning points toward SaksFirst card with first purchases and free shipping from Saks stores.How do brands build loyalty?Customers only continue to buy or patronize a brand if they feel they can trust the company, this is brand loyalty. Loyalty can be achieved through engaging customers, being reliable, keeping the price reasonable and incentives.
In the case of SaksFirst, they built loyalty by offering free memberships to Saks Fifth avenue customers, giving points for first card purchase and free shipping.
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But how do leaders get employees to do their work?
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Answer:
By being polite or paying them
What is an appropriate response when an interviewer asks what salary you are looking for
during your initial interview? Would the response change if you'd been given an offer?
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Who knows about the College called.. IAP ?
Would you guys recommend it, or not?
Because right now, I’m in high school but I’m almost going to graduate. And there’s so many ppl that I know that want to go to community colleges and so I don’t know what to do because what I want to do, you don’t need a degree and the college that I want to go to, you are there part time, either online or in person but the problem is .. how do I know if it’s a scam or not? Because the answer is I don’t. I’ve been wanting to go here because you can get whatever course you want done fast and they help you get the job that you want ASAP, which it’s like 6-12 weeks to complete your courses. And the other reason why I want to go here is because it’s a fair price for each course you want to take. It makes sense though I guess because all of those courses for that college, you don’t need a degree but they help you get the job that you want after you take those courses, and I think that’s cool but.. like I said, I don’t know if it’s a scam or not. That’s why I’m asking on here (lol) because people that I know, family, and my friends, no one knows about this college and I don’t want to get my hopes up knowing if it’s a scam, why even try getting into this college. If I make sense. Hope you guys can help me out. It’ll mean a lot, thank you :) .
Also, I give Brainliest for whoever wants it!
Answers
Prepare a trial balance by placing amounts in the appropriate debit or credit column and determining the balance of the service revenue account
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The before-tax cost of debt for a firm which has a 40 percent marginal tax rate is 12 percent. The after-tax cost of debt is.
Answers
Answer:
7.2 percent
Explanation:
The amount should be about 3 A4 pages or less. 1.Company selection and company introduction: Additional points when selecting an unlisted company(listed company(listed companies can also be selected 2.Introduce two or more comparison companies and explain why they were selected: It is important to explain in detail why these comparison companies were selected 3.Select multiple(ex.PER,PBR)to be used and explain why 4.Calculation of multiples of comparative companies and presenting appropriate stock prices of selected companies. 5.Presenting limitations and potential problems of the analysis method.
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Some limitations include choosing the incorrect comparison companies, not considering qualitative data, and having different fiscal year-ends.
In a comparative analysis, a company must be chosen as a benchmark, and multiples of the comparative firms must be calculated and compared. Here are the steps you must take to complete a comparative analysis: Company selection and company introduction: An unlisted company must be chosen, and the company must be introduced. Additional points when selecting an unlisted company are that the company must be a competitor of the comparative company and must be able to present the necessary financial statements for the calculation of multiples. It measures the relationship between a company's stock price and its earnings per share. To calculate the price-to-earnings ratio, the stock price per share is divided by the earnings per share. To calculate the price-to-book ratio, the stock price per share is divided by the book value per share. Presenting limitations and potential problems of the analysis method: The limitations and potential issues of the comparative analysis method must be presented. Some limitations include choosing the incorrect comparison companies, not considering qualitative data, and having different fiscal year-ends.
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insurance is the way a person or business is protected from :
losing interest
losing money
losing value
losing investments
Answers
Answer:
losing money
Explanation:
Helps save you from the out of pocket expense if something bad were to happen.
For example if your roof was damaged by a natural disaster it could cost thousnads of dollars out of a persons pocket.
Insurance will pay the cost to repair it allowing you to be protected from losing money.
Paying for the right to buy a stock at a given price is known as a ________________.
Answers
ANSWER
strike price
Explanation:
call option give the holder the right to buy 100 shares of a company at a specific price known as the strike price
Choose a picture of a family member, a friend, or a person that you admire in business, political, sports entertainment and other industries that motivate you to achieve your dream
Answers
Mohammed Ali was a professional boxer, philanthropist, and social crusader whose passion, perseverance, and desire to be the greatest in his area motivates me.
He exemplifies self-actualization, the highest level of Maslow's Hierarchy of Needs, because he not only attained professional achievement but also used his position to promote social change and better the lives of others.
His uncompromising devotion to his ideas and tireless pursuit of greatness served as a continual reminder to never settle for mediocrity and to strive for perfection in all aspects of my life.
What is Abraham Maslow's Hierarchy of Needs Theory?Abraham Maslow's Hierarchy of Needs Theory is a psychological theory that discusses how humans have a certain set of needs that must be addressed in order to achieve the ultimate goal of self-actualization.
Maslow's thesis is based on the idea that we are driven by our basic human needs. Furthermore, if some of our most basic requirements are not addressed, we may be unable to advance and meet our other needs. This may explain why we feel "stuck" or uninspired.
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Full question:
Choose a picture of a family member, a friend, or a person that you admire in business, politics, sports entertainment and other industries that motivate you to achieve your dream. Be creative wrth your answer. You can send your answer online or you can paste a picture inside.
Describe that person and based on Maslow's Hierarchy of Needs Theory explain how he/she motivates you and your desire to fulfil your dreams needs. Write your answer below.
In general, how would you describe the U.S. Economy to someone else?
Answers
The U.S. is a mixed economy, exhibiting characteristics of both capitalism and socialism. Such a mixed economy embraces economic freedom when it comes to capital use, but it also allows for government intervention for the public good.
Draw a market supply and demand curve representing a state with no restrictions on who can conduct the real estate closing transaction.
Answers
Answer:
attached below
Explanation:
Supply and demand curves are used to represent the relationship between the two main forces of the open market ( demand and supply )
with no restriction on who can conduct real estate closing transaction, when the demand curve shifts to the right there will be no change with the supply curve. but the price will move from P1 to P2 and quantity will move from Q1 to Q2.
Scenario: Major conflicts can occur between buyers and production supervisors who use the products and services. For example, a full‐time buyer may spend a lot of time tracking down good buys, only to see excessive waste and spoilage in food preparation. Although the control of purchased items eventually passes from the buyer to the user, the chef may blame the buyer for purchasing inferior merchandise if food costs are too high because of waste. Conversely, the buyer may blame the waste on the chef’s lack of control over the kitchen employees. Either way, the owner–manager has a problem deciding whom or what to believe.
1. Review the above scenario. If you were the manager/owner and the food buyer and chef were standing in front of you blaming each other - provide three immediate steps you would take to tackle the conflict.
2. Discuss how you could prevent such conflicts in the future - outline three strategies that could make the two work better in the future.
Answers
1. The immediate steps to tackle the conflict would include listening to both perspectives, identifying the core problem, and establish ground rules for communication. 2. Strategies to prevent such conflicts would include creating communication policy, encourage transparency, and provide appropriate resources.
1. As a manager or owner, I would take the following immediate steps to tackle the conflict:
a. I would listen patiently to both sides of the argument and try to understand the issues from their perspectives.
b. I would identify the core problem and try to resolve it by bringing both parties together and making them work collaboratively towards finding a solution.
c. I would establish ground rules for communication and encourage them to communicate openly, respectfully, and professionally with each other.
2. To prevent such conflicts in the future, I would adopt the following strategies:
a. Establish a clear and concise communication policy that outlines the expectations, responsibilities, and roles of the food buyer and chef.
b. Encourage transparency and accountability in the procurement and food preparation process by setting up regular meetings, inspections, and audits.
c. Provide the food buyer and chef with the necessary resources, training, and tools to carry out their duties effectively and efficiently.
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All of the following are true for those who are not responsible with credit EXCEPT which one?
A: They have a higher balance that is carried over month to month
B: They charge fewer items or make the full payment each month
C: They charge more items, even if they cant pay the entire amount
D: They end up paying more in interest fees
Answers
All of the following are true for those who are not responsible with credit EXCEPT They charge fewer items or make the full payment each month.
What is meant by credit?This is the term that is used to refer to the fact that a person is able to get a way of paying for the goods and services that they make use of through the use of credit card that is issued to them by a credit facility.
The issue here is that the people that have a bad credit would have to be paying more in fees at the end of the day because it would keep piling. They would also have greater credit balance that they are to pay as well.
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in the aggregate expenditures-output model, assume that the mpc is 0.75. an increase in investment spending of $6 billion would produce an ultimate increase in real gdp of:
Answers
To calculate the ultimate increase in real GDP resulting from an increase in investment spending, we can use the multiplier effect in the aggregate expenditures-output model.
The multiplier effect represents the concept that an initial increase in spending creates a ripple effect throughout the economy, leading to a larger overall increase in output. The multiplier is calculated as the reciprocal of the marginal propensity to consume (MPC).
Given:
MPC (Marginal Propensity to Consume) = 0.75
Change in investment spending = $6 billion
Multiplier = 1 / (1 - MPC) = 1 / (1 - 0.75) = 1 / 0.25 = 4
Now, let's calculate the ultimate increase in real GDP:
Ultimate Increase in Real GDP = Multiplier * Change in Investment Spending
Ultimate Increase in Real GDP = 4 * $6 billion = $24 billion
Therefore, the ultimate increase in real GDP resulting from an increase in investment spending of $6 billion, with an MPC of 0.75, would be $24 billion.
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What is wisdom?
Wisdom is impossible to define.
Wisdom is knowing what to do by instinct.
Wisdom is a basic understanding of life principles and how to apply them.
Wisdom is learning gained from books.
Answers
Answer:
C (I think)
Explanation:
Wisdom is something gained by a combination of knowledge and experience. that is why wise people are typically portrayed to be old, although young people can be wise too in certain areas.
A company in Maine sends lobsters to France What is Maine doing? Select three options
Answers
Answer:
Following are the answer to this question:
Explanation:
Some information is missing in the question. So, the correct choices can be described as follows:
i) practicing international trade
ii) exporting products
iii) participating in globalization
Maine has been globally traded because its, company transfers it's own goods at international frontiers when a client gives lobster with France in Maine. It exports products as its goods are manufactured in one nation, in this scenario the USA, is one other country, France in this case.Finally, it participates in the process of globalization because the company operates internationally by selling its products.Answer:
B. practicing international trade
C. exporting products
D. participating in globalization
A. Stine Co. previously wrote off a $200 bad debt from Thorn Co. using the direct write-off method. On October 1, Stine unexpectedly receives a check in the amount of $200 from Thorn Co. The entry to record this receipt of $200 will include a: (Check all that apply.)
Answers
Answer:
Journal Entry
October 1
Dr. Account Receivables $200
Cr. Bad Debt $200
Dr. Cash / Bank $200
Cr. Account receivables $200
OR
Dr. Cash / Bank $200
Cr. Bad Debt $200
Explanation:
A receivable is written off when it is expected to be uncollectable. In this question, the Stine Co. previously wrote off and now the check from Stine is received. While writing off Thorn Co. removed the receivable value fom the accounting records. Now we need to adjust the value and record the transaction to make accounting records correct.
Terry took out a mortgage loan for $60,000 at an interest rate of 11% for 25 years. If Terry had not had a bankruptcy
on her credit report, her payments could have been $424.07 per month. How much is Terry paying in additional
interest over the life of the loan?
a. $49.200.00
b. $2,272.36
c. $163.00
d. $56,809.00
Answers
Answer: A. 49,200
Explanation: Took test on Edge
Based on the fact that Terry had a bankruptcy, the additional interest she will pay over the life of the loan is a. $49,000
What is the current monthly amount Terry pays?This can be found by the formula:
Loan amount = Amount paid x ( 1 - ( 1 + rate) ^-number of periods) / rate
Rate is: Number of periods
= 11% / 12 months = 25 x 12
= 11/12% = 300 months
Amount is:
60,000 = Amount x ( 1 - ( 1 + 11/12%)⁻³⁰⁰) / 11/12%
60,000 = Amount x 102.029043745
Amount = 60,000 / 102.029043745
= $588.07
What is the additional interest Terry will pay?= (Amount Terry pays now - Amount Terry would have paid) x 300 months
= (588.07 - 424.07) x 300
= $49,200
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What is the woman in white being pressured to do at the beginning of the film?
Answers
Marry At the opening of the movie, the woman in white being pressured is Dr. Bates.
Lemuel Gulliver, a surgeon and sea captain who travels to distant parts of the world, tells the story of four adventures in Gulliver's Travels, a first-person narrative. The major antagonist of the 2010 fantasy adventure comedy film Gulliver's Travels, which is based on the 18th-century novel of the same name by Jonathan Swift, is General Edward Edwardian (also known as General Edward or Edward). The Brobdingnagians are enormous; on average, they stand 60 feet tall, and their lands and creatures are as enormous. Due to Gulliver's extreme vulnerability in this society, it becomes reasonable that the satire progressively focuses on the brittleness (and grotesqueness) of the human body.
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(typed answer) As covid-19 is slowing down its infection rates, Ministry of education will change the class delivery (in person, online) methods soon. What will be your preferred class delivery method and why?
Answers
As COVID-19 infection rates decline, the Ministry of Education is considering changing class delivery methods. My preferred class delivery method would be a hybrid approach, combining both in-person and online learning.
What is hybrid approach of learning methodThis method offers the best of both worlds, allowing students to benefit from face-to-face interaction with teachers and peers while also leveraging technology for flexibility and accessibility.
In-person classes provide valuable opportunities for hands-on learning, group discussions, and immediate feedback. They help students develop important social skills and foster a sense of community among classmates.
Online learning, on the other hand, allows for greater convenience, enabling students to work at their own pace and review course materials as needed. This is particularly beneficial for those with busy schedules or who live far from school.
By integrating these two methods, the hybrid approach can accommodate diverse learning styles and needs, ensuring that students receive a well-rounded education in a safe and adaptable environment.
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which trend has the following potential business impact? demand for personnel in distant countries will increase the need for foreign language training, employee incentives suited to other cultures, and many other aspects of performing business globally.
Answers
The Correct answer is D. The time to get products and services to market is being shortened by technology. The global economy is becoming more integrated.
The worldwide economy can be defined as the sum of activities that take place both inside a rustic and between one-of-a-kind international locations. each u. s. a . is a separate unit, with its own industrial manufacturing, hard work marketplace, financial market, sources, and surroundings. Economists generally agree that monetary development and increase are stimulated through four factors: human resources, bodily capital, natural sources, and generation. fantastically advanced nations have governments that concentrate on these regions.
Ability blessings of globalization for the financial system include multiplied choice, higher pleasant products, expanded opposition, economies of scale, improved capital flows, multiplied labor mobility, and improved international relations. The global economy affects anyone in the international. It creates jobs and provides human beings with all of the assets they want.
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Complete Question:
Which trend has the following potential business impact? Demand for personnel in distant countries will increase the need for foreign language training, employee incentives suited to other cultures and many other aspects of performing business globally.
A) The growth in information industries is creating a knowledge-dependent global society
B) Pace of technological innovation is increasing
C) The economy and society are dominated by technology
D) The global economy is becoming more integrated
who knows where you cant get your mom to stop yelling
Answers
Answer:you cant my parents do the same
Explanation:
theres no help
Answer:
if u mom yells at you for a certain (for example if she yells at u for not cleaning up then u should maybe clean so she wouldn't have to yell at u for that reason)
Explanation:
Select the TWO False statements about Requirements to Obtain Funding.
Answers
Many companies have been forced to deal with a type of online fraud that lures their employees into disclosing personal information. The employees receive an email that appears to come from the Internal Revenue Service, demanding confirmation of their Social Security numbers. The message threatens that noncompliance will mean criminal penalties. These employees are victims of ___________________.