Trade recelvables which are more than one-year old are normally transferred to non-current recelvables.

Answers

Answer 1

Trade receivables that are more than one year old are typically transferred to non-current receivables. It is False.

Trade receivables refer to the amounts owed to a company by its customers for goods or services provided on credit. These receivables are classified as current assets on the balance sheet if they are expected to be collected within one year. However, when trade receivables exceed the one-year mark, they are usually reclassified as non-current receivables.

Non-current receivables, also known as long-term receivables, represent the portion of trade receivables that are expected to be collected beyond the next operating cycle or within a timeframe longer than one year. These could include long-term payment plans or contracts with extended payment terms.

Transferring trade receivables to non-current receivables allows for better financial reporting and analysis. It reflects the fact that these receivables are less liquid and might require a longer period to collect. By separating them from current assets, it provides a more accurate representation of a company's short-term liquidity and working capital.

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Related Questions

What's the appropriate response to receiving a talk about breaking a rule?

Answers

Answer:

Listen, dont be disrespectfull, and learn from it

Explanation: Dont dig a deeper hole

Instead of spending the weekend working on the research paper due at the end of next week sam decided to spend the weekend going out to have fun with friends according to freudian theory which system dominated in sams decisions

Answers

Answer:

the id

Explanation:

In simple words, the id can be understood as the root of all psychological bravery, as per Freud 's philosophy, rendering it the essential component of identity. The ID is motivated by the concept of immediate satisfaction of all wishes, desires and desires. If these needs are not immediately fulfilled, the effect is a state of discomfort or stress.

Thus, from the above we can conclude that the correct answer is the id.

An interest in or taking of land for its strategic location or products is called.

Answers

Answer:

Geopolitics

Explanation:

An interest in or taking of land for its strategic location or products is called geopolitics.

A context diagram of the Cargo Shipping Process from the perspective of the CArgo Section at CaribAir

Answers

The context diagram provides a high-level view of the cargo shipping process and the interactions between the Cargo department at CaribAir and its external entities. It helps to ensure that all stakeholders are accounted for and that the system operates effectively and efficiently to meet the needs of its customers.

A context diagram is a high-level view of a system that shows its interactions with external entities. In the context of the cargo shipping process from the perspective of the Cargo department at CaribAir, the context diagram would illustrate the external entities that interact with the department, including customers, shipping agents, freight forwarders, and other stakeholders.

The Cargo department at CaribAir is responsible for managing the shipment of goods via air transport. This involves receiving and processing orders from customers, coordinating with shipping agents and freight forwarders, preparing cargo for transport, and ensuring that it is delivered to its destination safely and on time.

The context diagram would show the external entities that interact with the Cargo department at CaribAir, including customers who place orders, shipping agents who provide information on cargo availability and transportation options, freight forwarders who coordinate the shipment of goods, and other stakeholders such as customs authorities and regulatory bodies.

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Complete question:

Describe the context diagram of the cargo shipping process from the perspective of the CArgo department at CaribAir and understand what CArgo is

what are the main activities in the production and maintenance phase of system development?

Answers

The planning, construction, testing, and general design of the way an conceptual model is constructed and maintained are all included in the process.

Which tasks are carried out during the maintenance phase?

The client keeps track of the program throughout this servicing phase to make sure it keeps up with the coding requirements. The client not only keeps track on performance evaluation, but also fixes bugs and updates program as needed.

What activities take place throughout the deployment and maintenance phases?

Goal of the Deployment Phase

the development group must adhere to certain steps in the deployment process to guarantee that the program and technologies deploy properly. The stages are as follows: product deployment, property transfer, distribution planning and processes, and final implementation phase.

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businessaccountingaccounting questions and answersch 3 homework question 2 of 13 view policies current attempt in progress at the end of its first year, the trial balance of blossom company shows equipment $33.600 and zero balances in accumulated depreciation equipment and depreciation expense. depreciation for the year is estimated to be $3,800. . prepare the annual adjusting entry for depreciation at
Question: CH 3 Homework Question 2 Of 13 View Policies Current Attempt In Progress At The End Of Its First Year, The Trial Balance Of Blossom Company Shows Equipment $33.600 And Zero Balances In Accumulated Depreciation Equipment And Depreciation Expense. Depreciation For The Year Is Estimated To Be $3,800. . Prepare The Annual Adjusting Entry For Depreciation At
CH 3 Homework
Question 2 of 13
View Policies
Current Attempt in Progress
At the end of its first year, the trial balance of B
Accumulated Depreciation-Equipment
Indicate the balance sheet presentation of the equipment at December 31.
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1.)Adjusting entry
Date
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Dr
Cr
Depreciation Expense
$3,800
Accumulated Depreciation - Equipment
$3,800
(To record depreciation expense)
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Transcribed image text: CH 3 Homework Question 2 of 13 View Policies Current Attempt in Progress At the end of its first year, the trial balance of Blossom Company shows Equipment $33.600 and zero balances in Accumulated Depreciation Equipment and Depreciation Expense. Depreciation for the year is estimated to be $3,800. . Prepare the annual adjusting entry for depreciation at December 31. (List all debit entries before credit entries Credit account title automatically indented when the amount is entered. Do not indent manly) Date Account Titles and Explanation Debit Credit Dec 31 Post the adjustments to accounts Depreciation Expense Accumulated Depreciation-Equipment Question List Question 11 htning trong tran Viewing Question 2 Accounting Question 3 Question 4 Ang Question 3 Ang Dron Question 6 Ang Question 7 ng Drop Question 8 Ang Question 0.78/1 y -21 insamesw -/1 (1 turcand 4/1 -11 4/1 1-01 GAN Not Accumulated Depreciation-Equipment Indicate the balance sheet presentation of the equipment at December 31. eTextbook and Media List of Accounts Save for Later Last saved 2 days ago Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Blossom Company Balance Sheet (Partial) Attempts: 0 of 3 used MacBook Air Submit Amer Question 6 Accounting Dropdown Question 7 Question B Question 9 Accounting Dropdown Question 10 Accounting Dr Question 11 Accoung Dropdow Question 12 Question 13 Acting Dropdown 341 1 Not started 211 Tot start -/1 he started VE hot started 13 Mot 441 Notated

Answers

The adjusting entry for depreciation at December 31, in the given situation is as follows: Dec 31 Depreciation Expense$3,800 [Debit] Accumulated Depreciation - Equipment$3,800 [Credit] To record depreciation expense.

There was equipment worth $33,600 in the trial balance of Blossom Company at the end of the first year. It also showed zero balances in accumulated depreciation equipment and depreciation expense. It was estimated that the equipment's depreciation for the year was $3,800.

To make an annual adjusting entry for depreciation at December 31, the Depreciation Expense account will be debited with $3,800, and the Accumulated Depreciation - Equipment account will be credited with the same amount.

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In the learning journal, you should record your activities, and record problems you may have encountered, as well as your notes and thoughts about the material. In addition, you should consider the following questions for reflection: Think of one of the processes in your life you identified in Unit 3, and apply the 5 S methodology to it. Explain each step. How is the resulting process different?

Answers

The 5 S methodology is an effective tool for improving the efficiency of a business process. This technique is used to create a workplace that is clean, organized, and productive. 5S stands for Sort, Set in Order, Shine, Standardize, and Sustain.

Below is the explanation of each step:

Sort:

First, eliminate anything that is not required in the process. Items that are no longer needed or are outdated can be removed. This will declutter the workspace and increase productivity.

Set in Order:

Determine the order in which items will be arranged. Keep frequently used items close at hand to save time and reduce unnecessary movements. Label all equipment and tools, and ensure they have a specific place to return to.

Shine:

Clean the area and keep it clean. This will reduce the likelihood of equipment failures and make it easier to identify any problems that may arise.

Standardize:

Establish a standard for the 5 S process and ensure that everyone follows it. This ensures that the process will remain organized and efficient, even if there are changes to the process or personnel.

Sustain:

Continuously monitor the process to ensure that it is being followed. Develop a system to maintain and monitor the process to ensure that it remains efficient over time. Applying the 5 S methodology to a process in your life can lead to a more efficient and effective process.

For example, if you apply the 5 S methodology to your morning routine, you could sort out the clothes you wear, set them in order, clean up the room, establish a routine and stick to it, and keep it up by always checking for any missed step. The result is that you will be more organized and efficient in your morning routine, which can lead to greater productivity throughout the day.

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Sweet Catering completed the following selected transactions during May 2016: . May 1: Prepaid rent for three months, $1,800 May 5: Received and paid electricity bill, $70 . May 9: Received cash for meals served to customers, $1,690 . May 14: Paid cash for kitchen equipment, $3,640 . May 23: Served a banquet on account, $2,340 . May 31: Made the adjusting entry for rent (from May 1). . May 31: Accrued salary expense, $3,450 May 31: Recorded depreciation for May on kitchen equipment, $550 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign

Answers

Sweet Catering would have recorded a net income of $470 using the cash method for the month of May, while they would have recorded a net income of $560 using the accrual method for the same period.

If Sweet Catering had recorded transactions using the Cash method, they would have recorded a net income of $1,620 for the month of May, calculated as follows:

Revenue (cash received from customers): $1,690

Expenses:

Electricity bill paid with cash: $70

Kitchen equipment purchased with cash: $3,640

Depreciation on kitchen equipment: $550

Net income: $1,690 - $70 - $3,640 - $550 = $1,620

If Sweet Catering had recorded transactions using the Accrual method, they would have recorded a net income of $490 for the month of May, calculated as follows:

Revenue (meals served on account): $2,340

Expenses:

Prepaid rent (3 months, 1/3 of $1,800): $600

Accrued salary expense: $3,450

Electricity bill (not yet paid): $0

Kitchen equipment (depreciation only): $550

Net income: $2,340 - $600 - $3,450 - $0 - $550 = $490

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Gamma, Inc., has struggled for industry dominance with Ardent, Inc., its main competitor, for years. Gamma has gathered and analyzed large amounts of competitive intelligence about Ardent. It has observed as much of the firm's internal functioning and technology as it can legally, yet Gamma cannot understand why Ardent has a competitive advantage over it. The source of Ardent's success is: Group of answer choices unfair. causally ambiguous. impregnable. non-substitutable.

Answers

Answer:

Option B, Causal ambiguity

Explanation:

Causal ambiguity defines the situation where there is lack of understanding of  cause-and-effect interactions between resources and competitive advantage. This is the case with the Ardent  having a competitive advantage over Gamma. It relates the ambiguity between resources and performance  of available resources.

Option B is correct


You have a loan for $200,000 at 8.5% annual simple interest. What is your monthly interest payment?

a.1,239
b.1,311
c.1,417
d.1,508

Answers

Answer: 1417

Explanation:

The information can be gotten from the question:

Principal = $200000

Rate = 8.5% = 0.085

Simple interest = PRT

= 200000 × (0.085/12) × 1

= 200000 × 0.0070833

= 1416.6667

= 1416.7

A big crowd is watching a football game. Suddenly, everyone jumps to their feet and starts cheering. The home team scored a touchdown. They are now in the lead. What is the stimulus in this scenario?

A) They are now in the lead.
B) The home team scored a touchdown.
C) A big crowd is watching the game.
D) Suddenly, everyone jumps to their feet and starts cheering.

Answers

B)

Explanation:

the definition of stimulus is something that causes a reaction so b is the only one that makes sense

You are really hungry and have been wanting to eat pizza all day. Instead of ordering a medium, you order a large. However, after about 4 slices, you don’t want anymore. This is an example of which factor?
Responses

diminishing personal value
diminishing personal value

substitutes
substitutes

buying power
buying power

diminishing marginal utility

Answers

The fact that you ordered a large pizza but after 4 slices, don't want anymore is an example of diminishing marginal utility.

What is diminishing marginal utility?

Diminishing marginal utility refers to an economic principle that talks about how the utility or satisfaction that a person gets from each additional unit of an item increases at first, and then decreases.

For instance, the person was really hungry and then ordered a large pizza to be satisfied. But as they ate more slices, they were satisfied less and less and eventually ended up wanting no more slices of pizza.

In conclusion, this is diminishing marginal utility.

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sport directs and British Heart Foundation: mission, vision, and values.

Answers

Our British goal is to create a world without the worry of cardiovascular and Foundation circulation conditions. These illnesses destroy the hearts mission of millions of families and claim the lives of 1 in 4 people.

We intend to alter that. In order to permanently defeat sadness, we raise money for research into treatments and Foundation cures. According to the BBC's Royal Charter, its purpose is to act in the public interest mission while providing all audiences with objective, outstanding, and distinctive products and services that inform, educate, and amuse them. The British Heart Foundation Society seeks to promote the charity and raise funds for it.

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How is being good at communicating and collaborating and problem-solving important to having an entrepreneurial mindset

Answers

Answer:

Communicating and collaborating is the ability to clearly express ideas to an intended audience, including persuading others to work towards a common goal. Critical thinking is the key to a successful business, and being willing to find creative solutions even if it might mean more work will help your business greatly in the long run. In order to be creative and promote your business you have to know how to put yourself out there, and be social

Based on your reading, why do you think a government would enact a law regarding the proper treatment of used oil?

Based on your reading, why do you think a government would enact a law regarding the proper treatment

Answers

1) Note that dumping oil down the drain to save time is illegal.
2) Note that from the above excerpt a government would enact a law regarding the proper treatment of used oil to prevent the contamination of local water supplies as well as the blockage of drainage systems from fatbergs.

What are fatbergs?

As the oil moves through your pipes, it produces a harsh residue that accumulates over time.

Sewers are clogged with chemicals from cleaning supplies, pipe oxidation, and decaying trash. When frying oil and these chemicals come into touch, they react and generate a new soapy, waxy material known as a fatberg.

Thus, cleaning up this residue can be very costly, hence, it is illegal to dump oil down the drain. The above is why laws regarding the proper treatment of oil are important.

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c. the directors of the two hospitals are negotiating unifying the maternity wards of the two hospitals. they believe this will help reduce the number of new mothers staying in the unified ward. how many new mothers would be staying, on average, in the unified ward? (assume that the average number of births and the length of stay of the new mothers will not change.) (round your intermediate calculations to 4 decimal places and final answer to 1 decimal place.)

Answers

The required answer is 0.5 new mothers will be staying on average in the unified ward after unifying.

To calculate the number of new mothers staying on average in the unified ward, we have to follow the given steps:

Step 1: Calculate the total number of new mothers in both hospitals before unifying.

Step 2: Calculate the average number of new mothers in both hospitals before unifying.

Step 3: Calculate the total number of new mothers in the unified ward after unifying.

Step 4: Calculate the average number of new mothers in the unified ward after unifying.

Given data:

Length of stay of new mothers = 2 days

Total number of births in both hospitals = 40 + 60 = 100

Let's calculate the total number of new mothers in both hospitals before unifying:

= 40 + 60

= 100

As per the given information, it is stated that the average length of stay of new mothers is 2 days, and it is also mentioned that the length of stay of new mothers will not change.

So, the total number of mothers in the unified ward would be:

Total number of mothers in the unified ward = Total number of mothers in both hospitals before unifying = 100

Now, let's calculate the average number of new mothers in the unified ward after unifying.

Average number of new mothers in the unified ward after unifying = Total number of new mothers in the unified ward after unifying / Total number of days stayed by all new mothers in the unified ward after unifying

We know, the total number of new mothers in the unified ward after unifying is 100.

The total number of days stayed by all new mothers in the unified ward after unifying would be:

Total number of days stayed by all new mothers in the unified ward after unifying = Total number of new mothers in both hospitals before unifying x Length of stay of new mothers

= 100 x 2

= 200

Now, putting the values in the formula we get,

Average number of new mothers in the unified ward after unifying = 100 / 200

= 0.5

The required answer is 0.5 new mothers will be staying on average in the unified ward after unifying.

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What is the marginal revenue and marginal cost for this diagram?

What type of market is this? Explain your answer

What is the marginal revenue and marginal cost for this diagram?What type of market is this? Explain

Answers

Marginal revenue :

2060120200300420560

Marginal cost :

108210192640

It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.

Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.

Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.

Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.

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What does indigenous technology mean?​

Answers

Answer: I hope this is helpful mark brainlist if right then no if wrong

Explanation:

Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.

Marketers will, based on solid research, identify a specific ______________ ______________ (2 words).

Answers

Answer:

product and service

Explanation:

Market research focuses on the strategic analysis of the quantitative and qualitative data and the issues related to the marketing of the product and services. During the changing elements of marketing mix which will impacts the customer's behavior. The research often includes Business to consumer and to businesses. Aiming to understand the comparatives of the product and services in the market.

Your friend Jomaine says a Traditional IRA or 401(k) has the best tax advantages because you don't pay any taxes now, and you can wait until you retire to pay taxes. Why might he be right?

Answers

Government often tax the income of its people. The reason why might he be right is that if an individual expect tax rates to go up or because one is starting your career and your tax bracket would be lower now than what it will be later on.

When an individual is older and in retirement, the person would want to save your money and not have to worry about any taxes.

Tax advantages simply defined as the economic bonus that applies to some accounts or investments that an individual has such as one gotten by statute, tax-reduced, tax-deferred, or tax-free.

Conclusively, An Examples of tax-advantaged accounts and investments are retirement plans, education savings accounts, medical savings accounts etc.

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China decides to build an aircraft carrier. what is the opportunity cost of the aircraft carrier?

Answers

The opportunity cost of the aircraft carrier is the cost of the next best option China forgoes in order to build the aircraft carrier.

What is the opportunity cost?

Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity cost is also known as implicit cost. Opportunity cost is used in calculating implicit cost.

For example, if in deciding to build the aircraft carrier, China forgoes the opportunity to repair all the roads in china. Repairing all the roads in China is the opportunity cost.

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Find and post an article from the past 5 years (journal article or one in the popular press) that you believe relates to the efficient markets hypothesis. Please write a paragraph explaining the linkage.

Answers

This article relates to the Efficient Markets Hypothesis.

Efficient Markets Hypothesis refers to the concept that the market prices reflect all the available information, and the securities are efficiently priced.

Here is an article from the past 5 years that relates to the Efficient Markets Hypothesis:

The article titled "Investors pile into green funds despite market turmoil" published by The Financial Times on April 20, 2020, provides insights into the growing demand for green funds amid the market turmoil.

The article highlights that despite the market turmoil caused by the COVID-19 pandemic, the green funds outperformed the broader equity market during the first quarter of 2020, indicating that the investors could have been willing to pay a premium to invest in environmentally responsible companies.

The Efficient Markets Hypothesis (EMH) suggests that all publicly available information is immediately reflected in the stock prices, making it impossible for investors to earn excess returns consistently.

However, the outperformance of green funds despite the market turmoil could indicate that investors were willing to pay a premium for investing in environmentally responsible companies.

The growing demand for green funds highlights that investors' decisions are driven not just by the availability of information but by their ethical and social values as well.

Thus, the linkage between the Efficient Markets Hypothesis and the growing demand for green funds suggests that investors' values and preferences could impact the stock prices.  

Therefore, this article relates to the Efficient Markets Hypothesis.

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Martine developed a filing system to keep track of potential and current customers. Which qualification has she demonstrated?

critical thinking
problem solving
organization
computer skills

Answers

Organization

Explanation: she developed the filing system which is a way of organizing the costumers that come in.

I hope this helped! ^^

Answer:

C. Organization

Explanation:

:)

Choose a product and explain how it moves through the supply chain.
5 sentence PLEASE HELP

Answers

Food goes from producer to consumer via the processes of production, processing, distribution, retailing, and consumption in the food supply chain; as a result, food moves in a domino-like way from farmer to consumer.

What exactly is Supply chain management?Supply chain management is the control of a product's or service's whole manufacturing process, from the procurement of raw materials to the delivery of the finished product to the client. To move the product from suppliers of raw materials to companies that interact with clients directly, a firm builds a network of suppliers (or "links" in the chain").Systems that effectively manage the supply chain cut costs, waste, and manufacturing cycle time. The industry standard is a just-in-time supply chain, which immediately transmits replenishment orders from retailers to manufacturers. When items is sold, retail shelves can therefore be almost immediately restocked. One method for further improving this process is to analyze the data from supply chain partners to identify where more adjustments can be made.

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The elements of products that may be changed to meet customer needs are features, usage, and _______. a. qualityb.promotionc.protectiond.production

Answers

The elements of products that may be changed to meet customer needs are features, usage, and C. protection. It is because the market taste is change in the periodic time based on their necessary.

In the term of economic market and also business, The changes in consumer taste generally can be defined as an increase in e-commerce as well as more demand for sustainable and inclusive products. The change in the economic market is the impact of the emergence of Gen-Z who cares more about the environment and social issues, businesses with a vision aligned with them will benefit greatly. The change in the watch market is significant because the market tastes will continue to change, whether by changing in the features, usage, or also protection.

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Gee company accumulates the following adjustment data at december 31. indicate the type of adjustment (prepaid expense, accrued revenue, and so on), and the status of accounts before adjustment (overstated or understated). (enter answers in alphabetical order.)
1. supplies of $150 are on hand. supplies account shows $1,600 balance.
2. services performed but unbilled total $900.
3. interest of $200 has accumulated (and not been paid) on a note payable.
4. rent collected in advance totaling $850 has been earned.

Answers

1. Adjustment: Prepaid expense (Supplies). Status: Supplies account is overstated.

2. Adjustment: Accrued revenue (Unbilled services). Status: Accounts Receivable is understated.

3. Adjustment: Accrued expense (Interest). Status: Note Payable is understated.

4. Adjustment: Unearned revenue (Rent collected in advance). Status: Rent collected in advance is overstated.

1. The adjustment recognizes that $150 worth of supplies are on hand, indicating a prepaid expense. The initial balance of $1,600 in the supplies account is higher than the actual supplies available, hence overstated.

2. The adjustment accounts for $900 worth of services performed but not yet billed. This indicates accrued revenue. The accounts receivable balance needs to be increased to reflect the revenue earned but not yet recorded, hence understated.

3. The adjustment recognizes $200 of accrued interest on a note payable. It represents an expense that has been incurred but not yet paid. The note payable account should be increased to account for the accrued interest, as it is currently understated.

4. The adjustment is made to recognize that $850 of the collected rent has been earned. Initially, the rent collected in advance was recorded as unearned revenue, but now it needs to be reduced to reflect the portion that has been earned, hence overstated.

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How's everyone's day? explain please

Answers

Answer:

You're asking how the people in a particular place or environment you are in on how their life was that day whether it was fun exciting sad or gloomy etc.

Answer:

I'm doing fin-e, just s-ad because I ca-n't get the New Toon Meo-wscles sk-in from fort-nite because my P-s4 br-oke and Now I ca-n't get the bundle which is at a good price. I wish I could get it.

Explanation:

*WILL GIVE BRAINLY*
Explain briefly why manufacturing offers so many careers In such varled flelds.

Answers

Answer:

The manufacturing industry helps support the global and national economies, as well as individuals and families.Manufacturing has always been on the cutting edge of technology. Relaying details about their jobs may be met with disinterest and boredom.Manufacturing affects almost everything in our lives.

an example of a nontariff barrier would be ________. lower prices

Answers

An example of a nontariff barrier would be implementing strict regulations and standards on imported products. lower prices

An example of a nontariff barrier would be implementing strict regulations and standards on imported products. This can include safety and health standards, environmental regulations, and product labeling requirements. These regulations can be seen as barriers to trade as they can increase the cost of production and limit the availability of foreign products in the domestic market.

For instance, countries may require specific labeling standards for imported products, such as mandatory nutrition labels or country of origin labeling. These labeling requirements can be costly for exporters to comply with and can lead to delays in shipments. Similarly, countries may impose restrictions on the importation of certain products, such as restrictions on the importation of genetically modified foods or products that do not meet environmental regulations.

In some cases, these nontariff barriers can be used to protect domestic industries from foreign competition. For example, a country may require all imported cars to meet certain environmental or safety standards that are difficult for foreign car manufacturers to comply with, effectively limiting the availability of foreign cars in the domestic market.

Overall, nontariff barriers can have a significant impact on international trade and can lead to increased costs and limited availability of imported products in the domestic market.

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An example of a non-tariff barrier would not be lower prices. Non-tariff barriers are government-imposed measures other than tariffs that restrict imports or exports of goods or services.

Some common examples of non-tariff barriers include import quotas, licensing requirements, technical standards, and product safety regulations. These barriers can be used to protect domestic industries, safeguard public health and safety, or address environmental concerns.

Lower prices, on the other hand, can be a result of increased competition or changes in market conditions, but they are not considered a non-tariff barrier because they do not restrict or regulate trade between countries.

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How can we apply accounting and bookkeeping in our daily lives?

Answers

Draw up a monthly budget. A monthly budget can do wonders for managing your month-to-month living expenses
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