Ture or False question
Events that occur after the financial statements are issued are referred to as subsequent events.
Answers
True. Subsequent events refer to the events that occur after the financial statements have been issued. These are events that occur between the balance sheet date and the date of the auditor's report.
An entity discloses these events because they may need an adjustment of the financial statements or additional disclosures. Events occurring after the balance sheet date are classified into two categories: Adjusting events and Non-adjusting events.Adjusting events refer to those events that occur after the balance sheet date, and the nature of these events is such that they provide evidence of conditions that existed at the balance sheet date. For example, bankruptcy of a major customer or loss on the investment in a subsidiary. These events require an adjustment to the financial statements of the entity.Non-adjusting events are those events that provide evidence of the condition that arose after the balance sheet date. For example, destruction of a company's factory due to fire, or a major acquisition of a subsidiary. These events do not require an adjustment to the financial statements of the entity, but they require an additional disclosure to make the financial statements complete and accurate.
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Related Questions
A combined cash budget includes all of the following except
A. projected cash balance at the end of the month.
B. projected borrowings and repayments.
C. projected cash collections and cash payments.
D. All of the above are shown on the combined cash budget.
Answers
A combined cash budget consists of everything below with the exception : On the total cash budget, everything mentioned above is displayed.
In a combined cash budget, which of the following would not be present?Non-cash items like depreciation, inventory adjustments, and accounts receivable/payable changes are not included in the cash flow budget.
In a cash budget, which of the following items is present?A cash budget should account for both anticipated cash flows, such as revenue, and operational outflows, such as returns, payroll, rent, utilities, supplies, and other operating expenses.
Which department is absent from the cash budget?Investments are not included in a cash budget; instead, it contains income (cash receipts), expenses paid (cash payments), and loan receipts and payments (financing).
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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To show appreciation to a headhunter who has helped place you with an employer, you might: (Multiple Choice)
send a thank-you note
stay in contact
save him or her time by contacting the employer directly when you need information
refer other hardworking individuals to him or her
Answers
Answer:
• send a thank-you note
• stay in contact
• refer other hardworking individuals to him or her
Explanation:
A headhunter refers to an individual or a company that provides recruiting service with regards to employment on behalf of an employer. The employers hires headhunters in order to find individuals who meet a particular job requirement.
In order to show appreciation to a headhunter who has helped place an individual with an employer, the person can:
• send a thank-you note
• stay in contact
• refer other hardworking individuals to him or her
Option C is incorrect as saving him or her time by contacting the employer directly when an information is needed isn't ideal. Therefore, the correct options are A, B and D.
pros and cons of franchises??
Answers
Pro 2: Starting a franchise can make it easier to secure financing.
Con 1: Franchises can come with high start-up costs.
Con 2: You have less flexibility with a franchise.
how do i spell chicken strips?
Answers
Answer:
chicken strips
Explanation:
yes
If a company reports a net loss, it:
(a) will not be able to make capital expenditures
(b) will not be able to get a loan
(c) will not be able to pay cash dividends
(d) may still have a net increase in cash
Answers
If a company reports a net loss, it may still have a net increase in cash. The Option D is correct.
What is a net loss?In accounting, a net loss is derived when the total expenses (such as taxes, fees, interest, depreciation) exceeds the income or revenue produced for a given period of time. A net loss could be contrasted with a net profit also known as after-tax income or net income.
Most time, a net loss occurs when sum total of expenses exceeds the total income or revenue generated by a business, project, transaction or investment.
For a business, the net loss is sometimes referred to as a net operating loss. For tax purposes, a net losses may be carried forward into future tax years to offset the gains or profits in those years. A net loss can also appears on the company's bottom line or income statement. In conclusion, either of Net loss or net profit is calculated using the following formula: Net Loss (or Net Profit) = Revenues - Expenses.
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buying a new building increases business
Land/capital
Answers
Answer:
land
Explanation:
why because buying a capital we'll be to much
The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers. Hull and Inverted V are located across the street from each other and can observe the prices posted on each other's marquees. Demand for gasoline in this market is Q= 80-12 and both franchises obtain gasoline from their supplier at $410 per gallon. On the day that both franchises opened for business, each owner was observed changing the price of gasoline advertised on its marquee more than 10 times: the owner of Hull lowered its price to slightly undercut Inverted V's price, and the owner of Inverted V lowered its advertised price to beat Hull's price. Since then, prices appear to have stabilized. Under current conditions, how many gallons of gasoline are sold in the market, and at what price? Instructions: Enter your responses rounded to the nearest two decimal places Gallons sold: Price: $
Answers
Answer:
I believe that the demand equation is incomplete, since there is no price (P).
If we just solve this equation like it is, the quantity demanded = 80 - 12 = 68 gallons
if we add the price into the equation:
Q = 80 - 12P
since this is a competitive market, in order to maximize profits, marginal revenue = marginal cost = $4.10 per gallon (not $410).
That means that both companies will sell gasoline at $4.10 per gallon
equilibrium quantity = 80 - (12 x 4.10) = 30.8 gallons of gasoline
Economic growth is an increase in a nation's output of goods and services over time. answer choices. True. False.
Answers
The statement is True. Economic growth is an increase in a nation's output of goods and services over time.
A financial boom may be defined because the increase or improvement within the inflation-adjusted marketplace value of the products and services produced by using an economic system in a financial year. Statisticians conventionally measure such increase as the percent charge of growth in the actual gross home product, or real GDP.
The increase is usually calculated in real phrases – i.e., inflation-adjusted terms – to put off the distorting impact of inflation at the costs of products produced. dimension of monetary boom uses countrywide earnings accounting. in view that economic increase is measured as the annual percent exchange of gross domestic product (GDP), it has all the advantages and downsides of that degree. The monetary boom costs of countries are commonly compared to the use of the ratio of GDP to population (in keeping with capita per income).
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When investors give computer instructions to sell automatically to avoid potential losses if their stock price dips to a certain point, it is called
Answers
When investors give computer instructions to sell automatically to avoid potential losses if their stock price dips to a certain point, it is called program trading.
What is program trading?Program trading is what create space or time for multiple trades to occur simultaneously.
It is an automated process that gives instructions to computers to sell when price of a stock goes down to prevent loss.
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outline 4 reasons why most developing countries rely on extractive levels of production
Answers
Explanation:
The World Bank helps developing countries manage their natural resource wealth responsibly and sustainably, in a way that contributes to sustainable growth and development, protects communities and reduces carbon emissions.
One practical opportunity for a business to demonstrate empathy or compassion is to be thoughtful about their ___________.
Answers
One practical opportunity for a business to demonstrate empathy or compassion is to be thoughtful about their productivity.
Showing empathy or compassion help businesses to motivate their employees to a certain level and motivated employees will alawys want to work hard for organization. Sales will rise when clients regard your business as sympathetic, but hold on—more. there's Strongly empathic workers are also more creative and productive. This indicates that you should seek out individuals with great "soft skills" if you want to enhance productivity and expand the number of problems you can resolve for clientele.
In order to be compassionate, one must behave generously as well. As a manager, the more you take responsibility for the people surrounding you and show your teams compassion and empathy, the more motivated your staff will become to work hard for the team and for the company. Ultimate result that employees contribute more to productivity.
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Some opening and closing shift associates are upset
with how each group is leaving their areas. they
disagree on who is responsible for each task.
what would you be most and least likely to do?
Answers
If some opening and closing shift associates are upset with how each group is leaving their areas and disagree on who is responsible for each task, as a manager or a leader, I would be most likely to schedule a meeting with all the associates to discuss the issue and try to resolve it peacefully and professionally.
During the meeting, I would let them express their concerns and listen actively to their suggestions for improving the situation. I would try to foster a respectful and collaborative environment where everyone's opinion is valued and acknowledged. I would encourage them to work as a team and come up with a comprehensive list of tasks and responsibilities for each group, ensuring that everyone agrees with the assignments.After the meeting, I would provide written guidelines and instructions to each group on their respective responsibilities and ensure that they understand and acknowledge them. I would also monitor their performance and provide constructive feedback and support to help them improve their work ethic and attitude. Finally, I would set a positive example by demonstrating leadership qualities such as honesty, fairness, respect, and empathy.I would be least likely to adopt a confrontational or authoritarian approach to resolving the issue. It is essential to maintain a professional and respectful relationship with the associates and promote a positive and productive work environment. Also, taking a confrontational approach may lead to resentment and mistrust among the associates, which would be counterproductive to achieving the desired outcome.In conclusion, managing conflicts and disagreements among associates is an essential aspect of being a leader or a manager. By fostering a respectful and collaborative environment, providing clear guidelines and instructions, and setting a positive example, leaders can create a work culture that promotes productivity, creativity, and job satisfaction among employees.
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Which one of the following is defined as a firm's short-term assets and its short-term liabilities?
A. working capital
B. department
C. investment capital
D. net capital
E. capital structure
Answers
working capital is defined as a firm's short-term assets and its short-term liabilities.
The gap between a company's current assets and current obligations is known as its working capital. Working capital is a financial indicator that aids in predicting future requirements and ensuring that the business has enough cash.
Working capital, in a nutshell, is the cash on hand to pay your immediate, short-term obligations. You must estimate your present levels, forecast your future requirements, and think of strategies to ensure that you always have adequate cash on hand.
If you want to make sure that your working capital serves your demands. Securities in investments that are kept for less than a year are referred to as short-term assets. The term "current" in accounting denotes a short-term asset.
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Which difference between your bank statement and your records is most
likely to indicate fraud?
Answers
The process of comparing your bank statement to your accounting records is known as bank statement reconciliation. This is how it goes. Transactions involving checks and cash are often recorded in a check register, which is a component of your general ledger. A similar record of your company checking account is kept by the bank.
What is accounting?The process of gathering, compiling and reporting information on business and financial transactions. also: this system's guidelines and practices. as a first-year student, I studied accounting: work done in accounting or by accountants.
In order to prevent and detect fraud, bank reconciliations are a crucial internal control tool. By explaining the discrepancies between the cash balances in the accounting record and the bank balance position according to the bank statement, they also assist in identifying accounting and banking problems.
Therefore, The statement to your accounting records is known
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Having just one error on a cover letter may eliminate an applicant from being considered for employment.
Answers
Answer:
i think its true
Explanation:
im sorry if im wrong
What kind of advertisements would a company be unable to measure with standardized
tests?
A company would be unable to measure
with standardized tests.
O sampling
O ad recall
O goodwill
O past advertising
Answers
suppose the u.s. dollar substantially depreciates against the japanese yen. the change in exchange rate a. will tend to weaken the competitive position of import-competing u.s. car makers. b. will tend to strengthen the competitive position of import-competing u.s. car makers. c. will tend to strengthen the competitive position of japanese car makers at the expense of u.s. makers. d. none of the above
Answers
Exchange rate changes tend to make US imports more competitive. So C is the correct option.
What are exchange rates?Each country chooses the exchange rate regime to use for its national currency. For example, currencies can be hybrid, pegged (fixed), or floating. Governments have the power to cap and limit exchange rates. A country's currency can be strong or weak. The economic literature is divided on the ideal domestic exchange rate. Instead, each country's exchange rate regime reflects political factors.
An exchange rate is the price at which one currency is exchanged for another in the financial realm. Local currencies predominate, but there may also be sub-sovereign currencies such as the Euro and Hong Kong Dollar.
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This barrier of trade is when trading partners do NO trade with another country:
A. Tariff
B. Quota
C. Embargo
Answers
Answer:
C. Embargo
Explanation:
Trade Barriers are the conditions or restrictions that are imposed on the business transactions that controls the business to be sold out to the hands of foreign markets. These barriers add obstacles so that the businesses are restricted through various means. When a complete ban is imposed on the import or export of any goods to the foreign markets, the situation is termed as embargo. This type of ban is imposed for the defense purposes.
What is gross profit? A. The money left over after the cost of making a product or providing a service B. The cost of labor to produce a product C. The difference between a product's price and the revenue of the company D. A negative net profit, so the company experiences a loss Please select the best answer from the choices provided A B C D Mark this and return
Answers
Answer:
The answer is A
Explanation:
Answer from another website: Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Hope dis helps u
Jeremy's boss told him that if production costs were brought down by 15% by the end of the year, they would be able to bring costs down for consumers. which type of strategy is jeremy's boss suggesting? multiple choice question. low-cost differentiation niche focused
Answers
The low-cost strategy is being recommended by Jeremy's supervisor.
Low cost strategy is a type of pricing strategy in which the firm offers the products at low price. This strategy helps to stimulate the demand & gain higher market share. The firm can gain cost advantages by increasing their efficiency, taking advantage of economies of scale, or by getting the raw material at low cost.
Many domestic airlines employ the low cost strategy, selling tickets for incredibly low prices to attract passengers and first-timers. This was made possible by frequenting the routes, providing a no-frills flying experience, and increasing the number of seats every trip. As a result, more individuals were able to fly in a variety of sectors thanks to several airlines cutting costs and generally lowering ticket rates.
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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
1. Mallory owns an auto repair shop. She has $12,000 in cash, $8,000 in
inventory, a $4,000 credit card balance, and $3,500 in long-term del
What is Mallory's equity?
a.
Answers
Mallory's equity, given that she owns auto repair shop and the amounts in her books, are $ 12, 500
How to find the equity ?As per the Accounting Equation, equity is the portion of assets that is not supplied by liabilities.
This means that Mallory's equity is:
= Cash + Inventory - Credit card balance - Long term debt
= 12, 000 + 8, 000 - 4, 000 - 3, 500
= $ 12, 500
In conclusion, Mallory's equity is $ 12, 500.
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María, age 32, earns $60,000 working in 2022. She has no other income. Her medical expenses for the year total $6,000. During the year, she suffers a casualty loss of $9,500 when her apartment is damaged by flood waters (part of a Federally declared disaster area). María contributes $6,000 to her church and pays $4,000 of state income taxes. On the advice of her friend, Maria is trying to decide whether to contribute $5,000 to a traditional IRA. Complete the table to show the effect the IRA contribution would have on Maria's itemized deductions.
Answers
Her taxable income would be reduced by the $5,000 IRA contribution if she decides to make it, resulting in a lower tax liability.
Itemized Deductions Without IRA Contribution With IRA Contribution
Medical Expenses $6,000 $6,000
Casualty Loss $9,500 $9,500
Charitable Donations $6,000 $6,000
State Income Taxes $4,000 $4,000
Total $25,500 $25,500
Maria's IRA contribution would not affect her itemized deductions because IRA contributions are not deductible on Schedule A.
Instead, they are deducted from her taxable income on the front page of her tax return. Therefore, her taxable income would be reduced by the $5,000 IRA contribution if she decides to make it, resulting in a lower tax liability.
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Reuben would like to buy a car that costs $25,000 today when he graduates from college in 5 years. If the rate of inflation is expected to be 3% per year over the next 5 years, how much would Reuben expect to pay for a similar car in today's dollars
Answers
The future value of the car that costs $25,000 today in 5 years at an inflation rate of 3% per year is $28,981.85.
What is the future value?The future value shows the value that a present value will be in a future period, given the time value of money concept.
The future value can be computed using the future value formula, future value table, or an online finance calculator as below.
Data and Calculations:Price of a car today = $25,000
Period to buy the car = 5 years
Inflation rate per year = 3%
Future value factor of 3% for 5 years = 1.159
Future price of the car in 5 years' time = $28,975 ($25,000 x 1.159)
N (# of periods) = 5 years
I/Y (Interest per year) = 3%
PV (Present Value) = $25,000
PMT (Periodic Payment) = $0
Results:
FV = $28,981.85
Total Interest $3,981.85
Thus, the future value of the car that costs $25,000 today in 5 years at an inflation rate of 3% per year is $28,981.85.
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Q7. Start at one of the corners and move clockwise
around the square finishing in the centre to create a
nine-letter word.
E E
TIMER
os
A
HP
Scroll for details
CC
8:16 /16:05
DELL
Answers
Answer:
EARPHONES
Explanation:
We are to create a nine letter word. Start from any of the corners while moving in a clockwise direction.
There are four corners in the box:
Top left and bottom right corners have blanks, letter in the top right and bottom left corners are E and H respectively.
Hence, we would have 4 possible nine-letter word combination.
Let's state the possible nine-letter words
From the top left corner: _EEA_PHOS
From the bottom left corner: _PHO_EEAS
From the top right corner: EA_PHO_ES
From the bottom right corner: _PHO_EEAS
From the top right corner, we can form the word: EARPHONES
The missing letters are 'R' and 'N'
places by the sea have (cooler/warmer/wetter) summer and (drier/cooler/warmer) winters than places inland.
Answers
Answer:
Temperature usually decreases by 1°C for every 100 metres in altitude. Distance from the sea - Oceans heat up and cool down much more slowly than land. This means that coastal locations tend to be cooler in summer and warmer in winter than places inland at the same latitude and altitude
Explanation:
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What percent of adults, nationally, were current on all credit payments in the last year?
Your friend sees your answer to #1 and assumes that each of those people has a high credit score. Why is your friend incorrect?
How does your state’s on-time payment record compare to the national rate?
Find your county within your state. How does your county’s rate compare to your state’s rate of on-time payment?
If you look at the state shading on the map, it seems on-time payment rates are somewhat clumped geographically. What might cause that “clumping?”
Based on prior learning, name two reasons that paying your credit card or loan bill late has serious consequences.
Answers
The percentage of adults, nationally, that were current on all credit payments in the last year is 78.5% .
Your friend is incorrect in assuming that all will have high credit scores. because base on the fact that a lot young adults have no credit experience. They are said to often have a high balance on too many credit card.
The state’s on-time payment record compare to the national rate is known to be Texas who are said to have an on-time payment record of 6.7% that is known to be lower than the national rate.
Miral county’s payment rate is 80%, 10% higher than the state of Texas.
The “clumping may be due to the types of jobs that are available to certain states.
The reasons our credit card or loan bill paid late?The reasons why our credit card or loan bill late said to be late is known to have a lot of serious effects if not managed. It can lead to:
Credit score reduction drastically, that can affect your credit report badly.It can also affect the types of opportunities, etc. that one can get through the credit bureau.learn more about credit payments from
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which one of the following statements is false? select one: a. when the fed sells bonds, contractionary monetary policy, it tends to increase the money supply growth rate. b. the prime bank rate is the rate banks charge their most credit-worthy commercial customers. c. the fed does not directly set the federal funds rate but instead tightly controls the rate through open market operations. d. the fed can influence the supply of federal funds through open market operations. e. the prime bank rate in the united states is consistently higher than the federal funds rate.
Answers
The answer is option (a), meaning that when the Fed sells bonds as part of contractionary monetary policy, the rate at which the money supply is growing tends to increase.
Does monetary policy that is in contraction cause the money supply to rise?To prevent inflation, contractionary monetary policy attempts to slow down or even stop the expansion of the economy. Increased interest rates and a decline in the money supply are the main ways it slows growth.
When the Fed sells bonds, what happens?The Fed can raise the amount of money available to the economy by exchanging bonds for cash from the general public when it purchases bonds on the open market. By exchanging money from the economy for bonds, the Fed reduces the money supply if it sells bonds, on the other hand.
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An entity headquartered in one country that does business in one or more foreign countries is called a(n): A. MNC.
B. LDC.
C. TNI.
D. FDI.
Answers
An entity headquartered in one country that does business in one or more foreign countries is called a(n): A. MNC.
MNCs typically have a large global presence and engage in various activities, including production, distribution, marketing, and research and development.
MNCs often establish subsidiaries or affiliates in foreign countries to expand their operations, take advantage of new markets and resources, and reduce costs. They also face unique challenges such as dealing with different regulatory frameworks, cultural differences, and currency exchange risks. Overall, MNCs play a significant role in the global economy, generating employment, driving innovation, and facilitating international trade and investment.
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