sources and uses of funds are made equal through: a. a balancing item.
b. pro forma financial statements.
c. borrowed cash.
d. additions to retained earnings.

Answers

Answer 1

a. A balancing item. The sources and uses of funds are made equal through a balancing item.

In financial accounting, the sources and uses of funds refer to the inflows and outflows of cash or other resources within a company. It represents the way funds are acquired and allocated to finance the operations, investments, and activities of the business. It is essential for the company's financial statements to accurately reflect the sources and uses of funds to provide a clear picture of its financial health and performance.

To ensure that the sources and uses of funds are balanced and accounted for properly, a balancing item is used. A balancing item is a financial adjustment made to align the sources of funds with the uses of funds. It is typically represented as a plug figure that makes the equation balance. In other words, it ensures that the total sources of funds equal the total uses of funds.

The balancing item can arise due to various reasons. For example, it could be the result of rounding differences, estimation errors, timing discrepancies, or the need to account for certain transactions that do not fit neatly into predefined categories. The balancing item is used to make the financial statements accurate and complete by accounting for any discrepancies between the sources and uses of funds.

It is important to note that a balancing item does not represent an actual transaction or a specific source or use of funds. Instead, it is a tool used in accounting to reconcile the financial statements and ensure that the equation balances.

In conclusion, a balancing item is used to make the sources and uses of funds equal in financial accounting. It serves as an adjustment to account for any discrepancies and ensures that the financial statements accurately reflect the company's financial position and performance.

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Related Questions

The outer edge of a circular running track is 330m long. If it is widened by 7m all around, find the cost of widening it at 8 per square metre.​

Answers

Answer:

Here given that perimeter of circular running track =330m

Let radius=r

As we know that in a circle

\({\boxed{\sf Perimeter=2\pi r}}\)

Substitute the values

\(\qquad \quad{:}\longmapsto\tt 2\times\dfrac {22}{7}×r=330 \)

\(\qquad \quad{:}\longmapsto\tt \dfrac {44}{7}r=330 \)

\(\qquad \quad{:}\longmapsto\tt r=\dfrac {330×7 }{44}\)

\(\qquad \quad{:}\longmapsto\tt r=\dfrac{2310}{44}\)

\(\qquad \quad{:}\longmapsto\tt r=52.5 \)

\(\therefore\sf r=53m (Approx)\)

Again

\({\boxed{\sf Area=\pi r^2 }}\)

Substitute the values

\(\qquad \quad{:}\longmapsto\tt Area=\dfrac{22}{7}×(53)^2 \)

\(\qquad \quad{:}\longmapsto\tt Area=8828.2m^2 \)

\(\therefore\sf Area=8828m^2 (Approx)\)

Now

the radius is increased by 7m

Hence

New radius=(x+7)m=53+7=60m

New Area=

\(\qquad \quad{:}\longmapsto\tt \pi. r^2 \)

\(\qquad \quad{:}\longmapsto\tt \dfrac {22}{7}(60)^2 \)

\(\qquad \quad{:}\longmapsto\tt \dfrac {22}{7}×3600 \)

\(\qquad \quad{:}\longmapsto\tt 11314.28m^2 \)

\(\therefore\sf AREA=11314m^2 (Approx).\)

now

Area of widened Area=New area-Old Area

\(\qquad \quad{:}\longmapsto\tt 11314-8828 \)

\(\qquad \quad{:}\longmapsto\tt 2486m^2 \)

Cost of widening per square=8

Total cost=

\(\qquad \quad{:}\longmapsto\tt 2486×8 \)

\(\qquad \quad{:}\longmapsto\tt 19888\)

\(\therefore\sf Total\:cost\:is\: 19888.\)

Can't understand the attachment?

Here is a latex diagram for your question.

\(\Huge\downarrow \)

\(\setlength{\unitlength}{1cm}\begin{picture}(0,0)\thicklines\qbezier(2.3,0)(2.121,2.121)(0,2.3)\qbezier(-2.3,0)(-2.121,2.121)(0,2.3)\qbezier(-2.3,0)(-2.121,-2.121)(0,-2.3)\qbezier(2.3,0)(2.121,-2.121)(-0,-2.3)\qbezier(1.2,0)(1.121,1.121)(0,1.2)\qbezier(1.2,0)(1.121,-1.121)(0,-1.2)\qbezier(0,-1.2)(-1.121,-1.121)(-1.2,0)\qbezier(-1.2,0)(-1.121,1.121)(0,1.2)\put(-0,0){\vector(-1,0){2.3}}\put(0,0){\vector(0,1){1.2}}\put(-1.7,0.2){$\bf (x+7)m$}\put(0.2,0.3){$\bf x m$}\end{picture}\)

The outer edge of a circular running track is 330m long. If it is widened by 7m all around, find the

availability of goods and services at convenient locations creates:

Answers

The availability of goods and services at convenient locations creates convenience and accessibility for consumers.

When goods and services are easily accessible at convenient locations, it provides convenience to consumers. Convenient locations refer to places that are easily reachable, such as local stores, shopping centers, or online platforms with fast delivery options.

The availability of goods and services at convenient locations has several advantages. Firstly, it saves time and effort for consumers, as they can easily find and purchase what they need without traveling long distances. This convenience enhances the overall shopping experience and increases customer satisfaction.

Secondly, convenient locations promote economic activity by attracting more consumers. When goods and services are easily accessible, it encourages people to make purchases, stimulating demand and driving business growth.

In conclusion, the availability of goods and services at convenient locations creates convenience and accessibility, benefiting consumers by saving time and effort while promoting economic activity.

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Which of the following does NOT describe advertising?

Answers

But you didn't gave any options...

Question 14 of 20
Why might health care costs be less of a concern for a British company than
an American company?
A. America has stronger laws that regulate health care.
B. American companies do not provide health care to employees.
C. Britain allows its citizens to seek foreign treatment.
D. Britain has a system providing free universal health care.

Answers

Answer:

A

Explanation:

America has strong laws regulate health care

Answer:

its D - Britain has a system providing free universal health care.

Explanation:

What factors made the difference between success and failure of the cisco erp project?

Answers

The success and failure of the Cisco ERP project depended on the resources that the top management and board of Cisco dedicated to the project. If monetary resources were few then the success of planning and implementation would have affected the success.

Cisco Systems, Inc. (commonly known as Cisco) is a US-based multinational technology company headquartered in San Jose, California. Cisco designs manufacture and markets network hardware, software, communications equipment, and other high-tech services and products.

Definition: A product is an item offered for sale. Products are services or items. It can be in physical or virtual or cyber forms. All products are made at a price and sold at a price. The price that can be calculated depends on the market, quality, marketing, and target segment. A product is an item or service that you sell to satisfy a customer's needs or desires. they are physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and consumables (such as food and beverages).

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Seth owns a property on a small island with six other property owners. Recently, Seth built a fishing pier along the water’s edge; however, the pier is actually on his neighbor’s property, which Seth has no rights to. What might this be an example of?

Answers

Answer:

Encroachment.

Explanation:

Encroachment of land occurs when a person violates his neighbors property right  through building a structure that extends beyond the boundary of his land and into another person's property.

However , this may be mutually agreed on by the two parties involved , and compensation given under a term called easement.

In a situation where the encroached property belongs to the government , this is referred to as structural encroachment and the government may destroy such structure without giving any compensation

douglas pays selena $43,300 for her 30% interest in a partnership with net assets of $127,900. following this transaction, douglas's capital account should have a credit balance of a.$43,300 b.$127,900 c.$12,990 d.$38,370

Answers

Selena receives $43,300 from Douglas for her 30% stake in a partnership with $127,900 in net assets. After this transaction, the capital account of Douglas should have a account balance of $38,370.

Douglas's Capital account balance

= Net assets x30%

= $127,900 x 30%

= $31,875

Therefore, Douglas's capital account should have a credit balance of $38,370

A financial repository's account balance represents the amount of money there is at the end of the current accounting period. It is the sum net assets of the balance carried over from the previous month and the net difference between the credits and debits that have been recorded during any given accounting cycle.

The amount due or the net debt may be shown in an account balance. The former is frequently depicted in financial accounts that include net assets recurring bills, like those for utilities or gym memberships. The latter, on the other hand, is reflected in accounts with negative cash balances, such as bank overdrafts.

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Which of the following is a feature of seed financing? O a. The managerial involvement is very high. The company has to start up all operations Ob Money is used to finance research: The company needs money to finance the development C. Money is used to pay off debtors.

Answers

The correct option is: a. The managerial involvement is very high. The company has to start up all operations .

Seed capital is the cash raised to begin developing a thought for a business or another item.

This funding for the most part takes care of just the expenses of creating a proposition.

In the wake of securing seed financing, startups might approach financial speculators to obtain extra financing.

Some seed capital might come from angel investors — proficient investors who have a high total assets.

A company that is initially starting out may have restricted admittance to funding and different sources. Banks and different investors might be reluctant to invest in light of the fact that it has no set of experiences or laid out history, or any proportion of accomplishment. Many startup executives frequently go to individuals they know for initial investments — loved ones. This financing is alluded to as seed capital.

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Which of the following is a list of assets?
A.cash, accounts payable, inventory, furniture
B.cash, accounts receivable, inventory, furniture
C.cash, bank loan, inventory, furniture
D.cash, accounts receivable, inventory, owner's equity

Answers

It’s definitely either A or C. Sorry I can’t be much of help but good luck and I hope you pass
It’s definitely not A or C. The correct answer is B. Cash, inventory, furniture definitely all have value that can be accessed by the firm so they are assets. Accounts receivable are all the outstanding invoices that are owed to the firm by others so those are like cash that is promised to the firm which are also valuable. All of theses are assets on a Balance Sheet

ces
dual
4. A teacher's reputation is important for
success as a professional. What types
of actions of students in high school and
college potentially affect their reputation
into the future, positively or negatively?

Answers

This answer for this one would be D because

List the six areas of interest.

Answers

Answer:

Six areas of interest are: building,thinking,creating,holding, persuading and organizing.

Explanation:

I honk they’re Building,thinking,creating,holding,persuading and organization

Emily is deciding whether to buy the same designer jacket her friends have. The jacket is much more expensive than a similar one from a lesser-known brand.

Which questions should she consider before she buys the jacket? Check all that apply.

Is advertising influencing her?
What are her motivations?
Has she compared prices?
Is she buying at the right time?
Will her sister like the jacket too?

Answers

Answer: Is advertising influencing her?

What are her motivations?

Has she compared prices?

Is she buying at the right time?

Explanation:

The questions that she should consider before she buys the jacket include:

• Is advertising influencing her?

• What are her motivations?

• Has she compared prices?

• Is she buying at the right time?

Before buying the jacket, the question "Will her sister like the jacket too?" shouldn't be considered as she is looking to satisfy her own needs and not that if her sister and in this case, he sister shouldn't have an impact on her buying decision.

Answer:

A, B, C, D

Explanation:

edge2021

What impact will higher wages have on the labor force participation of women? 

Answers

Young black women with college degrees had the highest lifetime incomes but lower labor force participation rates.

In comparison to men, women have fewer opportunities to make money globally. Women are less likely to actively search for work or do paid labor. Compared to 80% of men, only slightly more than 50% of women in the world work. People's labor force involvement varies depending on demographic parameters such sex, birth year, education, marital status, and the presence of young children at home. Low female labor force participation in India is a complex socioeconomic phenomenon caused by factors like rural-urban migration, patriarchal attitudes, and an imbalance in supply and demand. Wages Increase for Men and Women When More Women Work. based on data from 250 U.S. cities over 30 years. The greatest major economic shift during the previous century was probably the rise of women in the paid employment.

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Devonte is balancing his checking account. His account statement does not include a deposit of $107.00 that he made on November 1st. What is Devonte’s actual account balance?

Answers

Answer:

✓ $1,330.26

Explanation:

Answer:

$1,330.26

Explanation:

how might you use your knowledge of taxes to make sound financial decisions?

Answers

Answer: If you know about taxes you can make better financial descisions because most descisions are made thru taxes. Taxes are numbers and stats that allow us to determine whether or not to buy something.

Explanation:

taxes also show how inflated a market is

What would happen if a state or municipality suddenly lost its tax base? Explain if this would have any impact on it's cost of borrowing funds. Why?

Answers

Answer:

Following are the responses to the given question:

Explanation:

The tax base seems to be the amount that is added to both the income tax, that is which tax rate is the percentage of national economy collected as just a tax. Consequently, it is important to find an income tax that understands the tax base.

Whether this amount of tax would pay is not declared or decided if the state or city suddenly loses its local economy.

Impact mostly on the cost of credit

Its cost of debt before tax rebate funds = interest amount on the debt – any reduction in income tax which rose because of deductible profits. The costs of lending are real games calculated in anticipation of tax, however, the difference is DEDUCTIBLE in INTEREST EXPENSES.

This tax rate also increases the cost of lending and gives more income protection.

It's because when taxes become available, the company can save money on tax returns as it ultimately removes some profits.

Conclusion:

However it is lost about the tax base, however, the judgment could not be made afterward the amount to borrow as debt could be evaluated of that "TAX REVENUE OFFSET."

GG Corporation used the following data to evaluate its current operating system. The company sells items for €25 each and used a budgeted selling price of €25 per unit. What is the static-budget variance of variable costs? a. €204000(U) b. €204000 (F) c. €36000(U) d. €36000 (F)

Answers

The static-budget variance of variable costs for GG Corporation is €204,000 (F).

The static-budget variance of variable costs is calculated by subtracting the actual variable costs from the budgeted variable costs. In this case, the budgeted selling price per unit is €25. However, the actual selling price per unit is not provided, so we cannot calculate the actual variable costs. Without the actual variable costs, we cannot determine the static-budget variance. Therefore, the answer cannot be determined based on the given information.

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In IS implementation, which factor can lead to the risk of loss of confidentiality?
A.
loss of key employees
B.
poor password practices
C.
loss of hardware
D.
unskilled personnel

Answers

Answer:

B. poor passward practices

Explanation:

I dont have one exept that I took the edmentum test and it was right.

Answer:

THe answer is B

Explanation:

What do most businesses use to store information for future use?

Answers

Answer:

Flash Memory Thumb Drives.

Explanation:

For storing information in the future, most businesses make use of Flash Memory Thumb Drives. With Flash Memory Thumb Drives, you can connect to a PC USB port in an attempt to back up your files on the go.

Which of these terms refers to the group of all the product lines offered for sale by a company?
O Marketing mix
O Brand
O Product mix
O Target market

Answers

I think it’s marketing mix

The term where the group of all the product lines provided for the sales by a company is known as the product mix.

The information related to the product mix is as follows:

It refers to the product portfolio where it is the completed set of products or services that are provided by the firm.The product line is the subset of the product mix.An Example is Nescafe, maggie noodles, etc.

So the other options are to be considered incorrect.

Therefore we can conclude that the term where the group of all the product lines provided for the sales by a company is known as the product mix.

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Which of these terms refers to the group of all the product lines offered for sale by a company?O Marketing

Role playing involves the use of scripts and scenarios.

True
False

Answers

Not really some do some don’t I would say false
Sorry if wrong

Answer:

True.

Explanation:

Role playing or to act out or perform the part of a person or character, for example as a technique in training or psychotherapy. uses scripts and scenarios to play out the role you play

Explain what it means to own an individual stock.

Answers

Answer: when one invests in an individual stock, he/she is purchasing ownership. If an individual invested in 100 shares of a public company, that individual would have a percentage of ownership in that company.

Explanation:

HELP FAST! What is the correct answer?!?!

HELP FAST! What is the correct answer?!?!

Answers

The retailer/store pays the interchange rate.
retailer/store for sure!

an employee can be dismissed if their job surplus to requirements' outline why this state ment is false

Answers

Hiring labour is different from buying other goods and services, and the contract between the employer and the employee is incomplete. It does not cover what the employer really cares about, which is how hard and well the employee works.

a telephone company sells two models of phones; standard and deluxe. for every 500 standard phones sold, the company sells 200 deluxe phones. calculate the break-even point in packages using the fixed product mix method. standard contribution per unit $20.00 deluxe contribution margin per unit $60.00 total fixed costs $55,000

Answers

The break-even point in packages using the fixed product mix method is 4.58 packages.

A telephone company sells two models of phones; standard and deluxe. for every 500 standard phones sold,

The company sells deluxe phones = 200

Standard contribution per unit = $20.00

Deluxe contribution margin per unit = $60.00

Total fixed costs = $55,000

Break-even point in packages = Total fixed costs/(Standard contribution per unit x Standard phones sold + Deluxe contribution margin per unit x The company sells deluxe phones)

Break-even point in packages = 55,000 / (20 x 500 + 60 x 200)

Break-even point in packages = 55,000 / 12,000

Break-even point in packages = 4.58 packages

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why would you want to offer a down payment on an item such as a car or a house?​

Answers

Answer:

A down payment helps the buyer to obtain ownership of the property or vehicle and also helps them to reduce the monthly payment towards the mortgage principal and interest. The buyer can get a lower interest rate by paying a higher down payment.

When you buy expensive items with a loan, you often need to make a down payment to cover a portion of the purchase price. That initial payment is often critical for getting approved, and it can affect your borrowing costs throughout the life of your loan. As a result, it’s wise to understand how down payments work so you can choose the right down payment amount.

what is 2×78 please help​

Answers

Answer:

156

Explanation:

78

× 2

multiply the 2 by 8 first

then multiply the 7 by 2

for the student council fund raiser, each student is expected to raise at least $50. which graph represents this situation?

Answers

The situation described, where each student is expected to raise at least $50 for the student council fundraiser, can be represented by a bar graph.

A bar graph is a suitable choice to visually represent this situation because it allows for the comparison of individual students' fundraising amounts. Each student can be represented as a separate bar, with the height of the bar indicating the amount of money raised by that student. The bars can be labeled with the students' names or assigned numbers for identification.

The horizontal axis of the bar graph can represent the students, while the vertical axis represents the amount of money raised. The height of each bar can be adjusted to accurately reflect the fundraising amounts, with a minimum height of $50 to represent the expected target. Using a bar graph provides a clear visualization of how each student's fundraising efforts compare to the expected minimum amount.

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The demand for seats per game, at a local stadium that seats a maximum of 40 million per game, is P = 22 – 0.2Q where P is the price of a ticket and Q represents the number of seats (expressed in millions). Assume that all seats and all games are the same, and marginal cost = $10 = average cost.

I. If the owner of the local stadium chooses a uniform per-ticket price, calculate the maximum profit per game.

II. If the per-ticket price must match the marginal cost, calculate the consumer surplus per game.

- I have arrived at conclusions of both 90 & 320.... need clarification of which is correct.

III. Should the answers to I and II be expressed in millions? Explain

Answers

I .The maximum profit per game when the owner chooses a uniform per-ticket price is $180 million. II. The consumer

surplus

per game is -$540 million. III. The maximum profit per game and the consumer surplus per game are both measured in millions of dollars.

I. To calculate the maximum profit per game when the owner of the local stadium chooses a uniform per-ticket price, we need to find the quantity (Q) that maximizes the profit function. The

profit

function is given by:

Profit = Revenue - Cost

The revenue is calculated by multiplying the price (P) by the quantity (Q):

Revenue = P * Q

The cost is equal to the marginal cost (MC) multiplied by the quantity (Q):

Cost = MC * Q

In this case, the marginal cost (MC) is $10, as stated in the question.

Profit = (P * Q) - (MC * Q)

Substituting the demand equation P = 22 - 0.2Q, we have:

Profit = (22 - 0.2Q) * Q - 10Q

Simplifying, we get:

Profit = 22Q - 0.2Q^2 - 10Q

To find the quantity (Q) that maximizes profit, we need to take the derivative of the profit function with respect to Q and set it equal to zero:

d(Profit)/dq = 22 - 0.4Q - 10 = 0

Solving for Q:

0.4Q = 12

Q = 30 million

Now, we can calculate the price (P) corresponding to this quantity by substituting Q into the demand equation:

P = 22 - 0.2Q = 22 - 0.2(30) = 16 million

To find the maximum profit, substitute the values of P and Q into the profit function:

Profit = (16 million * 30 million) - ($10 * 30 million)

Profit = $480 million - $300 million

Profit = $180 million

Therefore, the maximum profit per game when the owner chooses a uniform per-ticket price is $180 million.

II. If the per-ticket price must match the marginal cost (MC), we set P = MC = $10. Substituting this into the

demand

equation:

10 = 22 - 0.2Q

0.2Q = 12

Q = 60 million

So, the quantity demanded when the per-ticket price matches the marginal cost is 60 million. To find the consumer surplus, we need to calculate the area between the demand curve and the price line. The consumer surplus is given by the integral of the demand curve minus the price line:

Consumer Surplus = ∫[22 - 0.2Q - 10]dQ

Consumer Surplus = ∫[12 - 0.2Q]dQ

Consumer Surplus = [12Q - 0.1Q^2]/2

Evaluating the consumer surplus between Q = 0 and Q = 60 million:

Consumer Surplus = [12(60) - 0.1(60^2)]/2

Consumer Surplus = (720 - 1800)/2

Consumer Surplus = -1080/2

Consumer Surplus = -540

The consumer surplus per game is -$540 million.

III. The answers to both I and II should be expressed in millions. In the given problem, the quantities (Q) are expressed in millions of seats, and the prices (P) and

costs

(MC) are also expressed in millions of dollars. Therefore, the maximum

profit

per game and the consumer surplus per game are both measured in millions of dollars.

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When you're finished using your Go ogle account, what should you do to help keep your information secure?

A. Reset your password.
B. Create a new username.
C. Send an e-mail.
D. Sign out.

Answers

Answer:

this is a very st upid question but i would say its D

Explanation:

A does make sense somehow but i dont think you would reset your password everytime you using go ogle

i dont know why B should help at all

C makes no sense at all

When you're finished using your Go-ogle account, you should always sign out to keep your information secure. Thus, option 'D' is the correct option.

How to keep your Go-ogle account safe?

Go-ogle uses the strictest security measures to protect your personal data. The Advanced Protection Program protects individuals with sensitive information and high visibility from deliberate online assaults. Chrome's Safe Browsing shields 4 billion devices from dangerous websites, while Advanced Protection does even more thorough checks before each download. It alerts you to potentially hazardous files and may even stop you from downloading them.

Installations of apps are only permitted from trusted shops, such as the app store run by the company that makes your device. You are frequently prompted to grant access to your Go=ogle Account data, such as your contacts, location, or Drive, when you join up for new apps or services. Go=ogle Accounts have built-in security features that verify more than 1 billion stored passwords daily for breaches.

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