A company collected $200 cash from customers for services provided. this transaction would credit the fees earned account, and debit the cash account.
What is transaction money?The currency in which the client makes the payment is known as the transaction currency. A transaction currency is initially the decisive currency in the event of a dispute with the base currency. The demand for various currencies, from USD to ILS, varies across the world.
Sales made to consumers on credit and sales made in cash are two examples of these types of transactions. payment from a client after issuing an invoice. purchase of moveable and fixed assets.
Credit is a two-party transaction in which one (the creditor or lender) provides money, products, services, or securities in exchange for the other's commitment to pay in the future (the debtor or borrower). Interest is typically paid to the lender in such transactions.
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What does it mean when someone has limited liability?
Answer:
Limited liability is a form of legal protection for shareholders and owners that prevents individuals from being held personally responsible for their company's debts or financial losses
assume an economy with a coal producer, a steel producer, and some consumers (there is no government). in a given year, the coal producer produces 15 million tons of coal and sells it for $5 per ton. the coal producer pays $50 million in wages to consumers. the steel producer uses 25 million tons of coal as an inp
The product approach: Coal producer produces 15 million tons of coal at
$5/ton, GDP of a coal is-15*5-75.
The steel producer produces 10 million$20/ton. worth of $200millions
The steel producer pays $125 million. For coal he is paying 25million $5/ton the value added is $75million.
GDP-$75 million(Coal)+$75 million(Steel)
Expenditure approach: Consumers buy 8 million tons of steel at $20/ton, here the over all consumption is $160 million. There is no investment by the govt.
Exports-2million tons of steel at $20/ton = $40miltoon
Imports-10 million tons of coal at $5/ton-$50 million
Net exports =$40 million-$50 million-$10 million.
GDP is =$160 million-$10 million-$150 million.
Income approach:
The coal producer pays $50 million wages.
steel producer pays $40 million in wages, total wages -$90 million.
The coal producer receives $75 million in revenue for selling 15 Million tons $5/ton for this he paid $50 million wages only Totaling $25 million profit's
The steel producer receives $200 million revenue by selling steel 10million tons of steel for $20/ton.
The steel producer pays -40 million wages +$125 millions (coal producing) over all expenditure
Is=165
Steel producer profits-200-165-535 million
Over all Profits in the economy is =25+35-$60 Millions
GDP-90(Wage income)+(Profits)60 -$150 million
GNP is equal to GDP, which is equal to $150 million. The foreigners receive $25 million in coal Industry profits as income. The net factor payments from abroad are $25 million, so GNP is
equal to $125 million.
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watson foods, inc. reported the following transactions during september: a) the business received cash and issued common stock. it was credited to common stock. b) the business purchased office equipment for for which cash was paid and the balance was put on a note payable. c) paid insurance expense of cash. d) paid the september utility bill for cash. e) paid cash for september rent. f) the business had sales of in september. of these sales, % were cash sales, and the balance was credit sales. g) the business paid cash for office furniture. assuming the total liabilities balance is zero at the beginning of september, what is the total liabilities balance at the end of september?
$6,000 is the correct answer
The total liabilities are calculated as follows:
Total liabilities = bought office equipment - cash paid = $10,000 - $4,000 = $6,000
What is an illustration of liability insurance?Any bodily injury to a third person, such as a customer or client, that occurs at your business is considered bodily injury. For example, if a consumer enters your flower shop, slips on your wet floor, and breaks their leg, your general liability insurance may pay for their medical fees.
The necessity for public liability insurance is established by whether or not you interact with the general public. However, many insurance companies will take your turnover into account when calculating your insurance price.
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the 2020 balance sheet of dugan, incorporated, showed current assets of $4,545 and current liabilities of $2,825. the 2021 balance sheet showed current assets of $3,280 and current liabilities of $1,690. what was the company’s 2021 change in net working capital, or nwc?
Net working capital = Current assets - Current liabilities
For 2020:
Net working capital = $4,545 - $2,825.
Net working capital = $1720
For 2021:
Net working capital = $3,280 - $1,690
Net working capital = $1590
Change in net working capital = Net working capital in 2021- Net working capital in 2020
Change in net working capital = $1590- $1720
Change in net working capital = -$130
What is balance sheet?The term balance sheet refers to a financial explanation that reports a company's resources, liabilities, and shareholder value at a particular point in time. Adjust sheets give the premise for computing rates of return for investors and evaluating a company's capital structure.
A balance sheet may be a financial statement that reports a company's resources, liabilities, and shareholder value.
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What two conditions must hold for a competitive market to produce efficient outcomes?.
The two conditions must hold for a competitive market to produce efficient outcomes are
Supply curves must reflect cost of productionDemand curves should reflect consumer's full willingness to pay.How does a competitive market produce efficient outcomes?Long-run equilibrium in competitive markets essentially meet two important conditions.They are as follows:
Allocative efficiency Productive efficiency.These two important conditions have some important implications.
Resources are usually allocated for the best alternative use. They provide maximum satisfaction which is attainable by the society.Productive efficiency refers to producing without any waste so the choice is on production possibility frontier.
Allocative efficiency refers to the points on production possibility frontier, these points which are chosen are socially preferred in a specific sense.
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*20 points*
Please and Thank you
Answer:
1. (TRUE)
2. (C)
Explanation:
The heavy volume of digital messages received on a daily basis makes it necessary for business professionals to perform the delicate task of balancing the.
The heavy volume of digital messages received on a daily basis makes it necessary for business professionals to perform the delicate task of balancing the need to respond to others with their own need to focus on work.
The set of channels a business employs for consumer communication is known as digital messaging. Digital messaging can take place on every platform where your brand is present, from social media to web chatting, but text messages are by far the most popular option for business messaging.
One needs to identify their main workplace interruptions as a first step. Some of them can be connected to your field of work, while others might be the kinds of distractions you are most prone to. Distractions include, but are not limited to, phone calls, email notifications, messages, applications, app notifications, managers, in-person and virtual meetings, and daily news websites. One needs to identify the key workplace distractions in order to reduce distractions and retain focus.
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Question
In the Newsela article “Health Benefits of Reading, Writing, Are Not Just for Patients," how does the author develop the central ideas that empathy is important to mental health and that reading and writing help foster empathy?
A, by relating first-hand experiences of people who have developed stronger empathy
B, by relating first-hand experiences of people who have developed stronger empathy
C, by implying that people who can use their imaginations creatively typically treat other people nicely
D, by implying that people who can use their imaginations creatively typically treat other people nicely
Answer:
dos so56 divid4 respuest 89
Linda bought a new computer online, but she soon realized that it didn’t have enough memory to run her programs. Which risk associated with purchase decisions occurred?.
The risk associated with such a purchase decision occurs to be an actual or perceived risk.
What is Risk?
Risk is just the probability of something unpleasant happening. Risk is uncertainty about the effects/implications of an activity on anything that humans value (such as health, well-being, wealth, property, or the environment), with a concentration on negative, unwanted outcomes. For general understanding in various applications, the international standard definition of risk is "impact of uncertainty on objectives."
A person's perception of risk is a decision. It incorporates aspects such as sentiment, background knowledge, and personal experiences. Perceived risk includes functional risk, physical hazard, financial risk, and social/psychological risk. the peril of time.
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he beveridge curve gives a relationship between . a. positive; inflation and unemployment d. negative; market tightness and unemployment b. positive; inflation and employment e. non-monotone; money growth and unemployment c. negative; inflation and unemployment
The Beveridge curve gives a negative relationship between market tightness and unemployment.
What is the economics of the Beveridge curve?
The Beveridge curve (UV curve) is a graphical representation of the relationship between the unemployment rate and the vacancy rate (the number of vacancies expressed as a percentage of the workforce). Normally, the vertical axis is the number of job openings and the horizontal axis is the unemployment rate.
Which factors would shift the Beveridge curve?
Other factors that could shift the Beveridge curve include changes in the long-term unemployment rate and changes in the employment rate. (In both cases, increasing amounts correspond to shifting to the right and vice versa.)
Why are Beveridge curves convex?
All curves are convex. As the number of job openings increases relative to the number of job seekers, companies find it harder to fill the vacancies with the right talent, leaving more vacancies unfilled.
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if a person buys cattle at a livestock auction, unless the parties agree otherwise, title will pass to the buyer when the cattle are physically delivered.
True, If a person buys cattle at a livestock auction, unless the parties agree otherwise, title will pass to the buyer when the cattle are physically delivered unless the parties agree otherwise.
Under the Sale of products Act, pets are goods. which means if you get a puppy and it's described as a pedigree, say, when it's really a cross-breed you'll claim a refund from cattle the vendor. To allow an unfit animal to be exposed (including animals likely to offer birth).
To handle or tie animals in a very specific way. In most cases, buying a horse from a trader will provide the customer with more legal protection than after they buy from cattle a personal seller. This is often because the Buyer Rights Act 2015 (the Act) affects all consumer contracts for the sale of products (horses are classed by the law as goods for these purposes).
Not every breeder's contract is the same, but the foremost common way for breeders to structure the return cattle or rehoming of a puppy is to refund the customer supported what the breeder is ready to resell the dog for minus any costs incurred like transportation or boarding.
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22. Which one of the following is correct regarding the utilization of a good without an alternative use?
(1) Opportunity cost will be positive
(2) Opportunity cost will increase
(3) There will be no opportunity cost
(4) Opportunity cost will be negative
(5) Opportunity cost will decrease
Answer:
it's 2 opportunity cost will increase
thank uh
A business ________ is a logically related set of activities that defines how specific business tasks are performed.
A business process is a logically related set of activities that defines how specific business tasks are performed.
A business process is an activity or we can say that set of activities which accomplish a specific organizational goal. Business processes should have some purposeful goals which are to be specific and produce consistent outcomes.
Business process management or BPM is a systematic approach which is used in improving those processes, which helps the organizations to achieve their business goals.
If any organization is unable to perform certain business processes internally because of the cost or resource constraints, the company can use business process outsourcing.
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wise guys consulting receives payment in full totaling $9,000 from a client for services which were rendered and invoiced the previous month. what would be the impact at the time the payment is received?
The impact at the time the payment is received is a Revenue $9000 increase with credit.
Turnover is the total amount of revenue generated from the sale of goods or services related to the company's main activities. Earnings, also known as total earnings, are often referred to as the "top line" because they are at the top of the income statement.
Revenue is the total revenue generated from the sale of goods and services related to the company's main activities. Commercial income is also called sales or earnings. Some companies derive their income from interest, royalties, or other fees.
Revenue represents income from business activities and profit represents net profit after deducting expenses from income. Earnings can take many forms, including B. Sales, Commission Income, and Property Income.
The Revenue is used as an indicator of income quality. There are several financial metrics related to this. The main ones are gross margin and profit margin. Businesses also use earnings to determine the cost of bad debts using the income statement method.
Account receivable $9000 increasea with debit
Revenue $9000 increase with credit
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you have taken a job with a software user who has contracted your previous employer to develop a system for them. you discover that your company’s interpretation of the requirements is different from the interpretation taken by your previous employer. discuss what you should do in such a situation. you know that the costs to your current employer will increase if the ambiguities are not resolved. however, you have also a responsibility of confidentiality to your previous employer
Understanding that resolving ambiguities in software requirements is not unethical is crucial in this situation. There are undoubtedly tactful ways to give your current employer your recommendations without jeopardising the confidentiality you agreed to with your former employer. Make sure not to violate any Non Disclosure Agreements (NDAs) you may have signed with your former employer.
What are Non Disclosure Agreements?Non-disclosure agreements, or NDAs as they are sometimes known, are binding contracts that guarantee the confidentiality of specific information.
Non-disclosure agreements, or NDAs, are binding contracts that establish a "confidential relationship" between the owner of sensitive information and the person who will have access to it. If a relationship is confidential, neither party—or both—have an obligation to divulge that information.
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What term describes an internet-inspired mechanism for raising money or sponsorship from members of the public for a small project or business venture?.
Crowdfunding is the technique of supporting a project or business endeavor by soliciting contributions from many individuals, generally online.
What is Crowdfunding ?
Crowdfunding is the technique of supporting a project or business endeavor by soliciting contributions from many individuals, generally online. Crowdfunding is a type of alternative financing and crowdsourcing. Over US$34 billion was raised through crowdfunding globally in 2015.
The word "crowdfunding" alludes to internet-mediated registrations, even if such ideas may also be implemented through mail-order subscriptions, benefit events, and other techniques. This contemporary crowdfunding approach often relies on three different sorts of actors: the project initiator who suggests the concept or project to be financed, people or groups that support the proposal, and a regulating organization (the "platform").
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why might federal government regulators be more likely to monitor the state of the banking industry than the health of other industries, such as restaurants, software companies, or department stores? aren't those industries also important to the economy? a. the banking industry employs more workers than any other industry, so its health is vital to the economy. b. the banking industry prints the money that the government needs to function so that its financial health is protected. c. even though a bank failure would not harm businesses, households would lose all the money that they had deposited in the banks. d. the banking industry is more interconnected with many parts of the economy than are most other industries, which means that large-scale bank failures can endanger the economy as a whole.
Federal government regulators are more likely to monitor the state of the banking industry than the health of other industries, such as restaurants, software companies, or department stores because option A b. the banking industry prints the money that the government needs to function so that its financial health is protected.
The Federal government in the banking sector is essential to modern economies. As a major lender, we provide financing for people to buy cars and homes, businesses to buy equipment, expand their businesses, and pay salaries.
Banks also play a central role in communicating monetary policy. Monetary policy is one of the most important tools for governments to achieve economic growth without inflation. Central banks control the money supply at the national level, while banks facilitate the flow of money in the markets in which they operate.
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do you think the principles described during this interview are unique to owens corning as a company or could any organization apply them to make better ethical decisions and manage a socially responsible business?
Corning offers great benefits and perks, along with many business opportunities to learn and advance your career. Culture is tricky. Some people are wonderful to work with, some are a nightmare. It all depends on your group and boss.
Owens Corning is an American company that designs and manufactures insulation, roofing, fiberglass composites, and related materials and products. The world's largest manufacturer of fiberglass composites.
Owens Corning Shingles are known for their high quality due to the materials and manufacturing processes used. Shingles are layered with Patented fiberglass that protects against the elements and has an A fire rating. Corning's hiring process consists of several stages, including phone screening and interviews. The entire process can take 3-6 weeks, depending on the position, and may require more interviews for management positions.
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How is an escorted group tour different from a group tour?
A. The number of people who can go on an escorted group tour is limited by the number of seats on the tour bus, while any number can buy a regular group tour.
B. An escorted group tour is always accompanied by a professional tour director, while regular group tour participants may spend periods of time without a representative from their tour operator.
C. An escorted group tour is always a multiday tour, while a group tour can be only a single day.
D. An escorted group tour always includes accommodations, while a regular group tour may or may not include lodging.
Answer:
B
Explanation:
kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows:
The total amount of product costs incurred to make 20,000 units is
$ 350,000.
What is Product cost?The business incurs two types of costs when producing an item: production costs and period costs.Expenses associated with the production process directly are referred to as production costs. These expenses consist of labor, raw material, and overhead charges.The expense won't be incurred if the production is terminated. The cost of the product includes both the fixed production cost and all variable costs.Calculation of product cost for producing 20,000 units:Existing production costs for each unit:
Direct materials = $ 7.00
Direct labor = $ 4.00
Manufacturing variable overhead = $ 1.50
Fixed manufacturing overhead = $ 5.00
Total product cost per unit = Number of units produced × (Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead)
= $ 7.00 + $ 4.00+ $ 1.50 + $ 5.00 = $ 17.5
= 20,000 x $ 17.5 = $ 350,000
Hence, the total amount of product costs incurred to make 20,000 units is $ 350,000.
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By reviewing hiring information from the previous year, james is trying to predict how many additional employees he will need to hire for the holiday rush. Which step in the process of human resource planning is jim engaged in?.
Reduce work hours for many employees this step in the process of human resource planning is Jim engaged in.
Human resources specialists recruit, display, and interview process applicants and vicinity newly employed people in jobs. They also may additionally cope with repayment and benefits, training, and employee members of the family. Exertions family members specialists interpret and administer exertions contracts. Human resources (HR) is the branch within a commercial enterprise this is chargeable for all matters employee-related. That includes recruiting, vetting, deciding on, hiring, onboarding, schooling, promoting, paying, and firing personnel and impartial contractors.
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Garcia industries has sales of $207,500 and accounts receivable of $18,500, and it gives its customers 25 days to pay. The industry average dso is 27 days, based on a 365-day year. If the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8. 0% on any cash freed up by this change, how would that affect its net income, assuming other things are held constant? assume all sales to be on credit. Do not round your intermediate calculations.
Rates: 8%
Sales: 207,500
A/R: 18,500
Days in Year 365
Sales/Day: 568.50
DSO: 40
Industry DSO: 27
(x / 207,500) x 365 = 27
Solve for x = 15,349.31
x = This is the amount Accounts Receivable needs to be lowered to.
18500 - 15,349.31 = 3,150.69 decrease in Accounts Receivable
3,150.69 x 8% = 252.05 Interest earned and addition to net income.
Net income refers to the income of an individual or business after deducting expenses, allowances and taxes. In commerce, net income is what is left in the business after all expenses such as salaries and wages, cost of goods and raw materials, and taxes.
Is Net income the Same as Profit?
Profit simply means the remaining income minus expenses. It exists at multiple levels, depending on the type of cost that is deducted from the revenue. Net income, also known as net profit, is a single number that represents a particular type of profit. Net income is the famous last line of financial statements.
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yesterday you borrowed $30 from your brother. every day that you don't pay it back, you owe $2.00 more. so today, day 1, you owe him $32.00; on day 2 you will owe him $34.00; on day 3 you will owe him $36.00, etc. if you still haven't paid him back, how much will you owe him on day 22?
If you borrowed $30 from your brother yesterday, your debt on day 22 is $74 for each day you don't repay it.
What exactly is a sequence?It is described as the methodical representation of data that adheres to a particular arithmetic rule. Divergent sequences are those where the terms never stabilize but instead continuously increase or decrease as n approaches infinity, approaching either infinity or -infinity.
Calculation:
My brother loaned me $30. I must pay $2 every day that I don't pay.
Then, the phrase for the total amount I owe my brother is: Let the number of days I don't pay for be x.
Total = 30 plus 2x
The sum that must be paid on day 22 is therefore Total = 30 + 2(22)
= 30 + 44 = 74.
So on day 22, I owe my brother $74 in total.
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Acme enterprises borrowed $20,000 from last bank on a 5-year note payable. acme's journal entry to record this transaction will include a?
Acme Enterprises borrowed $20,000 from Bank on a 5-year note payable. Acme's journal entry to document this trade will contain a debit to cash for $20,000 and a credit to notes expected for $20,000.
When recording journal entries which account labels are indented?The credit account title(s) consistently come after all debit titles are entered, and on the right. The labels of the credit accounts will be indented below the debit accounts. You will have at most smallish one debit (possibly more).
A liability account rises by $100, A stockholders equity account gains by $100 or An asset drops by $100.
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More personal service and the ability to respond quickly is an advantage for small businesses. True or false?.
Yes it's True More personal service and the ability to respond quickly is an advantage for small businesses.
What is a Small businesses ?According to the SBA, a small business is one that employs up to 1,500 people and has annual revenue caps of up to $41.5 million.
Selling artwork, taking photos, making independent movies, running dancing studios, and many more small companies are examples. The most lucrative ones include hand-made arts and crafts, virtual art workshops, and photography and videography.Generally speaking, a small business is a privately held corporation, partnership, or sole proprietorship with fewer employees and lower yearly income than a corporation or regular-sized business.Learn more about Small business here:
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Answer: Customer service
Customer-profitability analysis uses activity-based costing to determine the activities, costs, and profit associated with serving particular customers. True or false?.
The fallowing statement is true because the Customer-profitability analysis uses activity-based costing to see the activities, costs, and profit related to serving particular customers.
Customer profitability analysis may be a process of analyzing customers and their spending habits. It are often used as a financial performance indicator. It is wont to learn how profitable it's to stay each customer. Businesses can improve their decision-making. they'll also improve overall business operations using this metric. Customer profitability analysis involves the comparison of the revenue generated by a corporation. This data comes from its differing types of consumers. It includes the common customer costs incurred in generating that revenue. The goal here is to spot which customers are profitable for a business. It helps determine which of them aren't. this can be a very important business strategy. Therefore the subsequent statement is true.
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Firms consider pursuing various ______ as part of their overall growth strategies. multiple choice question. mission statements market segments portfolio analyses metrics
Firms consider pursuing various market segments as the part of their overall growth strategies.
A growth strategy is a firm's plan for overcoming current and future challenges is to realize its goals for expansion. For instance, growth strategy goals include acquiring assets, increasing market share and revenue, and improving organization's services.
Whereas, a market segment is known as a group of people who tend to share one or more similar characteristics. Thus, marketing teams and corporations use various criteria to develop target markets for their products and services.
Thus, a market segment is considered a category of customers who tend to have similar likes and dislikes in an otherwise homogeneous market.
Hence, option B is correct.
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The idea that because of scarcity, producing more of one good or service means producing less of another good or service refers to the economic concept of:__________
The idea that because of scarcity, producing more of one good or service means producing less of another good or service refers to the economic concept of opportunity cost. Therefore, the option B holds true.
What is the significance of opportunity cost?An opportunity cost can be referred to or considered as the cost undergone by an individual to engage in only one economic activity out of the available alternatives due to scarcity of resources, such as capital and time.
Therefore, the option B holds true and states regarding the significance of an opportunity costs.
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The idea that because of scarcity, producing more of one good or service means producing less of another good or service refers to the economic concept of:__________
A. Scarcity of resources
B. Opportunity cost
C. Economic scarcity
D. Replacement cost
the law of supply states that, holding other factors constant, as price increases a. quantity supplied increases b. quantity supplied decreases c. quantity demanded increases d. quantity demanded decreases
the regulation of law states that preserving different elements steadily, as the charge will increase amount demanded decreases.
A rule of law or procedure is set up via custom, settlement, or authority. a hard and fast of rules or principles for a particular region of a legal device. a chunk of enacted law. significance of regulation in Society: law acts as a code of conduct in society, which is why it is so essential. It became additionally set up to provide suitable standards and rules for everyone's conduct and to make certain the government's 3 branches' fairness. It ensures that civilization runs smoothly.
John Austin's regulation definition states “law is the aggregate set of policies set by means of a person as politically superior, or sovereign to men, as political topics.” hence, this definition defines law as a fixed of guidelines to be accompanied by using absolutely everyone, regardless of their stature. Hans Kelsen created the 'natural concept of law'.
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At what stage of the target market selection process is the marketer first likely to uncover information that makes a segment less attractive than previously thought?.
The stage of the target market selection process is the marketer is first likely to uncover information that makes a segment less attractive than previously thought developed market segment profiles.
The target market starts with segmentation. If you can understand your customers and segment your market, you can identify your target market with the greatest potential. There is a process of segmenting the market and selecting and targeting target segments.
In the fourth step, the segment profile is evaluated. Before choosing the best market segment, you need to assess the attractiveness of each market segment. Various structural and financial factors play a role in determining the attractiveness of market segments.
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