The final service revenue balance for September was $5500.
How does a balance sheet work?A balance sheet shows the assets, liabilities, and owner equity of a company as of any given date. Typically, a balance sheet is produced at the end of set periods (e.g., every quarter; annually). A balance sheet is made up of two columns. The left-hand column contains a list of the company's assets.
What use does a balance sheet serve?You can get a brief overview of your company's financial status via a balance sheet. Along with an income statement and a cash flow statement, a balance sheet can help business owners evaluate the financial standing of their company.
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The September service revenue ending balance is $5500.
What exactly is service revenue?A company's service revenue is the income it earns from providing a service. The figure appears at the top of an income statement and is added to revenue from product earnings to calculate a company's total revenue for a given time period.This could be a monthly subscription service, rent, licensing fees, or a retainer. Businesses can forecast future sales using recurring revenue by calculating the value of ongoing payments.The banknotes produced by a company as a result of providing a service are referred to as service revenue. For accounting purposes, revenue is recorded on the income statement rather than the balance sheet with other assets. Revenue is used to buy other assets, pay down debt, and pay dividends to shareholders.To learn more about Revenue, refer to:
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Which is a possible benefit of having a good credit history?
Answer: Lower interest rates for loans
Explanation: The better your credit score the lower the interest from lenders because you have an established record of paying on time.
what covenants and warranties can be enforced by the grantee when property is gifted without consideration using a warranty deed
None, covenants and warranties can be enforced by the grantee when property is gifted without consideration using a warranty deed because its a deed of gift.
A gift deed, or deed of gift, is a legal report voluntarily moving name to actual property from one party (the grantor or donor) to every other (the grantee or donee), usually between family participants or near friends. Gift deeds also are used to donate to a non-profit business enterprise or charity. The deed serves as proof that the switch is indeed a present and without attention (any situations or shape of reimbursement).
The vast majority of gift deeds are irrevocable, and which will be valid they must meet the following requirements: The grantor should intend to make a present gift of the property, the grantor should deliver the belongings to the grantee, and the grantee must be given the gift. The deed need to contain language that explicitly states no consideration is anticipated or required, due to the fact any ambiguity about or reference to consideration can make the deed contestable in court. A promise to transfer ownership in the future is not a present, and a deed that does not immediately transfer the interest within the property, or meet any of the aforementioned requirements, may be revoked .
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Measurements taken at various points in the transformation process for control purposes are called.
We can actually deduce here that measurements that are taken at various points in the transformation process for control purposes are called plans.
What is measurement?Measurement refers to the process of ascertaining the quantity of something. In research, there are concepts or tools that are employed in order to carry out measurements.
Quantities can be measured as well as quality. There is qualitative measurement which actually has to do with measurement that is carried out to determine the quality of something.
We see here that measurements that are taken at various points in the transformation process for control purposes are called plans.
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a company considering outsourcing must realize that the solution can be only as good as the outsourcing firm that provides the service.
A business considering outsourcing must understand that the quality of the solution depends on the outsourced company that offers the service. This is real.
What exactly is an outsourcing firm?
When a business uses outsourcing, it enlists the assistance of external, non-company companies to carry out certain activities. In order to accomplish the work for less money, outside businesses frequently establish different remuneration schemes with their employees than the outsourcing company.
What kind of outsourcing is this?
The best instances of outsourcing are in advertising, office and warehouse cleaning, and website creation. The majority of business owners assign control to outside professionals for tasks like bookkeeping, maintenance, and hiring. This makes it easier for businesses to concentrate their resources on their primary operation.
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identify the main sections on a statement of cash flows. (check all that apply.) multiple select question. cash flows from operating activities cash flows from investing activities cash flows from owner activities cash flows from borrowing activities cash flows from financing activities
The main sections on a statement of cash flows include:
Cash flow from operating activities.Cash flow from investing activities.Cash flow from financing activitiesWhat is cash flow?It should be noted that a cash flow simply means the net amount as well as the cash equivalent that is transferred in a company.
The amount of money a business earns from ongoing, routine business operations, such as producing and selling products or offering clients a service, is known as cash flow from operating activities (CFO).
It should be noted that Cash flow from operating activities, ash flow from investing activities, and the cash flow from financing activities are the important sections.
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carlos' firm manufactures custom-made furniture that is sold through various furniture retailers. carlos sources the wood he needs from various lumber manufacturers and uses a distributor to get his products to the retail stores for sale. the suppliers of the wood, the distributor, and the retail stores are all part of a
Carlos sources the wood he needs from various lumber manufacturers and uses a distributor to get his products to the retail stores for sale. the suppliers of the wood, the distributor, and the retail stores are all part of a Supply channel
Supply chain management, in the context of commerce, is the control of the movement of products and services between establishments. This can involve the transportation and storage of raw materials, inventories for commodities still being produced, finished goods, and the complete fulfillment of orders from the point of production to the point of consumption.What are the supply lines?When seeking for the finest means to sell their products, a corporation can pick from four primary distribution channels. Direct sales, wholesale, brokerage, and dual distribution are available options. Choose your supply chain distribution partners wisely for best practices.to learn more about supply chain, Click the links.
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stacey noted that the client was a cantankerous old man and that her current project team lacked the requisite skills to work with him. time was running short, so the best approach to making sure the
In a situation where Stacey noted that the client was a cantankerous old man and that her current project team lacked the requisite skills to work with him, and the time was running short, so the best approach to making sure the project team had the necessary skills was to hire a contractor for the life of the project. Therefore, the option A holds true.
What is the significance of a contractor?A contractor can be referred to or considered as a person to whom a company outsources its projects and operations in order to save the time and efforts on a project, and also ensure the completion of a project well within the deadline time.
Therefore, the option A holds true and states regarding the significance of a contractor.
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The missing part of the incomplete question has been added below for better reference.
Stacey noted that the client was a cantankerous old man and that her current project team lacked the requisite skills to work with him. Time was running short, so the BEST approach to making sure the project team had the necessary skills was to:
A. Hire a contractor for the life of the project
B. Leave the project mid-way
C. Appoint someone else in the team
D. None of these
a prospective buyer noticed an ornate flag pole attached to the front porch of the house she wants to purchase. she wants to make certain that the flag pole is included in the sale. what should the agent do?
A prospective buyer observed an elaborate flag pole that was affixed to the front porch of the house she wished to acquire. She wants to make sure the flag pole is part of the deal. In the purchase proposal, the agent must mention the pole.
After being hired by a company's owner to handle the sale of the business, investment bankers, mergers and acquisitions advisors, or business brokers construct a list of potential buyers known as a prospective buyer list.
Any prospective buyer that might be a match for the acquisition of a business that is being advertised in a sell-side transaction is generally referred to as a prospective buyer. In the area of mergers and acquisitions, a potential buyer is one of the purchasers who is added to a prospective buyer list.
For a given seller, there may be a large number of qualified potential purchasers. In order to secure the best price for the seller, the selling agent's role is to encourage healthy competition among those prospective buyers.
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which step in the decision-making process would help you in deciding how much money you want to make at work
The answer is b. as knowing what expenses you will have should determine how much money you need to try and earn.
What is expenses ?The operational costs incurred by a business in order to produce revenue are referred to as expenses. "It costs money to make money," says the adage.
Supplier payments, staff salaries, factory leases, and equipment depreciation are examples of common costs. Tax-deductible expenses can be deducted by businesses on their income tax returns to reduce their taxable income and, as a The operational costs incurred by a business in order to produce revenue are referred to as expenses. "It costs money to make money," says the adage.
Supplier payments, staff salaries, factory leases, and equipment depreciation are examples of common costs. Tax-deductible expenses can be deducted by businesses on their income tax returns to reduce their taxable income and, as a result, their tax burden. The Internal Revenue Service (IRS) sets rigorous guidelines about which expenses firms can deduct, though.
The operational costs incurred by a business in order to produce revenue are referred to as expenses.
If a business complies with IRS requirements, it is permitted to deduct tax-deductible expenses on its income tax returns.
One of two accounting procedures used by accountants is cash basis., their tax burden. The Internal Revenue Service (IRS) sets rigorous guidelines about which expenses firms can deduct, though.
The operational costs incurred by a business in order to produce revenue are referred to as expenses.
If a business complies with IRS requirements, it is permitted to deduct tax-deductible expenses on its income tax returns.
One of two accounting procedures used by accountants is cash basis.
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1. What act prohibits wholesalers and retailers from pricing products below cost? (1 point)
O the Robinson-Patman Act
O the Unfair Sales Act
O Antitrust Act
O the Consumer Goods Pricing Act of 1976
00 DLL
comparing vendor invoices to inventory prices, obtaining lower of cost or market data and recalculating deprecation schedules relate to the assertion.
Comparing seller invoices to stock fees, obtaining decreased price or market facts, and recalculating deprecation schedules relate to the assertion: of valuation and allocation.
Definition of assertion: the act of affirming or something this is asserted: consisting of. a: insistent and superb in asserting, keeping, or defending (as of a proper or attribute) an announcement of ownership/innocence. b : an announcement that something is the case He provided no proof to help his assertions.
An instance of someone making a declaration is a person who stands up boldly in a meeting with a factor in opposition to the presenter, despite having valid proof to guide his statement. An example of an announcement become that of ancient scientists that stated the arena changed into a flat.
An assertive sentence is a sentence that states a fact. Such sentences are easy statements. The nation asserts or declares something. they are additionally referred to as declarative sentences. Assertive sentences typically give up with a length or complete prevent.
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A _____ is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow.
A subprime mortgage is targeted to borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow.
A subprime mortgage is mostly a loan that's meant to be offered to prospective borrowers with impaired credit records. the upper rate of interest is meant to compensate the lender for accepting the greater risk in lending to such borrowers. The charge per unit on subprime and prime ARMs can rise significantly over time. A subprime mortgage carries an rate of interest on top of the rates of prime mortgages. Therefore, subprime mortgage is typically targeted to borrow low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the cash they borrow.
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A subprime mortgage is targeted at borrowers with low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the money they borrow.
A subprime mortgage is mostly a loan that's meant to be offered to prospective borrowers with impaired credit records. the upper rate of interest is meant to compensate the lender for accepting the greater risk in lending to such borrowers. The charge per unit on subprime and prime ARMs can rise significantly over time. A subprime mortgage carries an rate of interest on top of the rates of prime mortgages. Therefore, subprime mortgage is typically targeted to borrow low credit scores, high debt-to-income ratios or signs of a reduced ability to repay the cash they borrow.
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after working for a few years as a tax accountant, alex began volunteering with a nonprofit to provide tax help to the economically disadvantaged. she spends several afternoons in the spring helping out, and feels great about it because she contributes to her community. is this an exchange?
The given scenario is NOT an exchange because Alex does not receive anything back for all that she has given.
What is Exchange?This refers to the interchange of items or things between two or more entities.
Hence, we can see that The given scenario is NOT an exchange because Alex does not receive anything back for all that she has given.
An exchange occurs when a person does a thing and then gets a thing back and this did not happen in this case.
For an exchange to occur, there needs to be giving and taking and from the described scenario, she performs pro bono work and she is not paid, so an exchange does not occur.
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ella talks about how she applies an economic concept into her situation. she actually would enjoy buying a meal for her friend, but the cost-benefit principle tells her that it would be a cost and not a benefit. as an economics student, how would you explain the cost-benefit principle to her?
Cost-benefit principles can be applied to the decision of profit maximizing firm.
What do you mean by cost-benefit principle?
Cost Benefit Principle is an accounting principle, and it states that, "the cost of providing financial information in the financial statements must not outweigh the benefit of that information to the users".
It can also be referred to as cost benefit relationship and it simply says that no financial information is free.
To maximize profits an organization needs to first collect data about the market such as prices, consumer demand and production costs and calculate an efficient way to make money.
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Which of the following statements describes the most likely reason why
ethical employees are important for a company?
Answer:
Works because they create products and help the company thrive
Explanation:
Answer: C. It can save money :)
Explanation:
an owner withdraws $60 cash for personal use. you would record this transaction in the accounting equation by decreasing the (cash/accounts payable/accounts receivable) account and (increasing/decreasing) the withdrawals account.
When an owner withdraws $60 cash for personal use, the recording for this accounting transaction of the equation will be done by decreasing the cash account and increasing the withdrawals account.
What is the significance of accounting transaction?An accounting transaction can be referred to or considered as a transaction that affects at least two accounts of the firm who undertakes such transaction.
Drawings for personal use lead to an increase in the withdrawals account, and ultimately will lead to a decrease in the cash reserves of the firm. The above recording for the transaction will be done similarly.
Therefore, the significance regarding an accounting transaction has been aforementioned.
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revenue prediction for integrated renewable energy and energy storage system using machine learning techniques""
The selection of battery sizing that results in the best financial performances must be supported by revenue estimation for combined renewable energy and energy storage systems.
Mixed-integer linear programming is a common strategy for maximizing the profits of a hybrid hydro and energy storage system (MILP). While MILP models are frequently quite computationally expensive, they can offer precise production cost estimates. We suggest a novel method for forecasting the optimal revenues of an integrated energy generating and storage system in order to offer hydropower plant owners or operators with quick yet accurate first-step information when they consider integrating energy storage systems.
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The President of the Mount Pleasant Student Council met with the
members and planned a fund-raising fair. In order for this occasion to
materialize successfully the President has given the Vice-President and
Committee Chairman special duties to perform. This procedure is referred
to as
O delegating
O directing
o controlling
Omotivating
Answer:
Directing
Explanation:
Directing is the function of managers or the authority to issue instructions and guidance to subordinates and oversee their implementation. The management guides and inspires the other members towards achieving the set organizational goals. Directing is providing leadership to junior members of the organization.
The President of the Mount Pleasant Student Council is directing the members to ensure a successful event.
if a person has been discriminated against in a real estate transaction, they would file a complaint with the: select one: a. local association of realtors. b. national association of realtors. c. department of housing and urban development. d. department of health, education and welfare.
If a person has been discriminated against in a real estate transaction, they would file a complaint with the Department of Housing and Urban Development.
What is the Department of Housing and Urban Development?One of the executive departments of the U.S. federal government is the Department of Housing and Urban Development. Federal housing and urban development legislation are administered by it. The federal department in charge of developing and enforcing fair housing legislation, as well as national policies and programs that address the housing needs of the country, is the Department of Housing and Urban Development. Establishing and running initiatives to supply decent, affordable housing, stop prejudice in housing, and support the development of sustainable communities. To address the housing needs of the country, develop and strengthen communities across the country, and uphold fair housing laws, the Department of Housing and Urban Development (HUD) is in charge of national policy and initiatives.
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a firm's current profits are $600,000. these profits are expected to grow indefinitely at a constant annual rate of 4 percent. if the firm's opportunity cost of funds is 7 percent, determine the value of the firm:
The value of the firm will be - $20,000,000.
The perpetual growth model will be used to calculate the firm's worth.
Income divided by the company's value (k - g)
Where
firm opportunity cost, where k
G is the constant growth rate.
The following is how we determine the firm's value.
The company is worth $600,000 / (0.07 - 0.04)
Value of the company is $600,000 / 0.03
The company is worth $20,000,000.
What is Business Valuation?
Business valuation is the process of figuring out the economic worth of the company. It entails considering various factors of the business, such as management, capital structure, competition, and the overall outlook for the nation's economy, in addition to future earnings. A firm would often do a business appraisal when it is seeking for a buyer, merging with another business, or even buying another company.
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What do you think would be the most difficult part of being a public relations specialist?
Answer:
Public relations specialists create and maintain a favorable public image for the organization they represent. They craft media releases and develop social media programs to shape public perception of their organization and to increase awareness of its work and goals.
Explanation:
A public relations specialist has to face difficulties like being able to maintain the image of the public figure that they have created for themselves in the eyes of the society.
Who is a public relations specialist?A public relations specialist is an individual or an organization who looks after the creation, maintenance of the image of a public figure and looking after the affairs related thereto.
There are many difficulties that might come in this way, like behavior of such individual in the society, positive or negative actions of such affairs and ensuring that the image of such individual in the society stays.
Hence, it can be stated that a public relations specialist has to face numerous difficulties in his daily course of life.
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True or false: A 15-year mortgage typically requires higher monthly payments than a 30-year mortgage but the total interest over the life of the loan will be less.
Answer:
TrueExplanation:
a client looking to invest in a mortgage-backed instrument and mitigate prepayment risk may wish to consider a(n)
A client looking to invest in a mortgage-backed instrument and mitigate prepayment risk may wish to consider a(n) - 28455712.
What is mortgage?A mortgage is a sort of loan used to buy or keep up a house, land, or other types of real estate. The borrower agrees to make payments to the lender over time, usually in a series of monthly installments that are split into principal and interest. Then the asset is used as security to protect the loan.
Borrowers must apply for a mortgage through their preferred lender and make sure they satisfy a number of standards, including minimum credit scores and down payments. Before they proceed to the closing stage, mortgage applications must pass a rigorous underwriting procedure. The borrower's needs will determine the different sorts of mortgages, such as fixed-rate and conventional loans.
Mortgages are loans used to purchase homes and other types of real estate.
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Read the scenario and answer the question.
A hurricane hit the Georgia coast and citizens living along the coast lost power to their homes for two weeks after the storm. During that
time, citizens had limited access to drinkable water and gasoline for their vehicles and generators.
Since gasoline was more scarce than usual, how was the market for gasoline likely affected following the storm?
A
The price of gasoline increased in coastal cities since gasoline was harder to find.
B
Citizens purchased substitute products that would satisfy their demand for gasoline.
С
The demand for gasoline decreased until it became widely available once again.
D
Temporary shortages of gasoline resulted in a price reduction by producers.
Answer:
A). The price of gasoline increased in coastal cities since gasoline was harder to find.
Explanation:
As per the principles of demand and supply, a decrease in supply while demand remains constant will cause the price to increase. In Georgia, the supply of gasoline was interrupted by the storm's effect. There was little gasoline coming in, leading to a shortage. After Electricity went off, gasoline demand must have gone high as people needed fuel for generators.
Gasoline has no close substitutes, especially when used as fuel for cars and generators. A shortage results in the scramble for the little available products. Sellers hike prices to maximize profits, and buyers are willing to pay more to get the scarce gasoline, thereby increasing its prices.
Discuss two or more ethical issues in studies of conformity. Refer to at least one study in your answer
Answer:
kan dreb za9
Explanation:
given that jacob's chocolates company had beginning retained earnings of $4,000; net income during the period of $10,000; and dividends of $300 calculate the ending balance in the retained earnings account.
The ending balance in the retained earnings account is $13,700.
What is retained earnings?Retained earnings is the cumulative profit of a company after dividends have been paid. Retained earnings is net income less dividends. The result is then added to retained earnings at the beginning of the period.
The formula used to determine retained earnings is :
Retained earnings = beginning of period retained earnings + net income - dividends.
Retained earnings = 4,000 + $10,000 - $300 = $13, 700
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what will happen to a firm’s profit-maximizing level of output if the cost of one of its variable factors of production goes up?
As a result of its inability to pay even its variable costs, the company will have to close down in the near future. Whenever an organization's average variable costs surpass its marginal income at the output level that maximizes profits, production will often cease. If this is not the case, the company might carry on operating even if it is losing money in the short term.
Curve of short-term supply. The area of the firm's marginal cost curve that is above its average variable cost curve is known as the short-run supply curve. According to the law of supply, the company will supply more of its goods as the market price increases. However, if the market price, which represents the firm's marginal revenue curve, drops below its average variable cost, the business will cease operations and produce nothing.
The short-run supply curve for the company is depicted The area of the marginal cost curve with the letter ef in this example represents the firm's short-run supply curve. Like demand curve, the market short-run supply curve is just the horizontal addition of the short-run supply curves for each individual firm.
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chegg at the beginning of the period, a company reported $100,000 of common stock, $10 par; and $50,000 paid-in capital in excess of par. at the end of the period, this company reported $110,000 of common stock, $10 par; and $90,000 paid-in capital in excess of par. cash received from the sale of common stock during the year is $ .
Cash received from the sale of common stock during the year is $50,000
Cash received from the Sale of Common stock during the year is
= (End of period common stock - Beginning of the period common stock) + (End of period paid-in capital in excess of par - Beginning of the period paid-in capital in excess of par)
= (110,000 - 100,000) + (90,000 - 50,000)
= 10,000 + 40,000
= 50,000 $
What is Cash receipt?
A cash receipt is a printed acknowledgement of the amount of cash received during a transaction involving the transfer of cash or cash equivalent. The vendor gives the consumer the original copy of the cash receipt, keeping the other copy for accounting needs.An accounting item called a cash receipt certifies the acquisition of cash from a customer. On the balance sheet of the corporation, cash receipts normally raise (debit) the cash balance. Simultaneously, they decrease (credits) either accounts receivable or another asset account.No matter the industry, all businesses need cash receipts. A business can better track its revenue and costs by precisely recording cash deposits.To know more about Cash receipt example visit:
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keanu works for an investment bank and makes decisions about the sale of new common stock by abcl inc.
Based on the fact that Keanu works for an investment banks and makes decisions about the sale of new common stock, this falls under Capital Markets.
What market do stocks fall under?The sale and purchase of stock falls under the capital markets. This is because capital refers to the ownership of a company which is what stock is meant to represent.
This means that Keanu works in the capital markets based on the fact that Keanu makes decisions regarding the sale of common stock.
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your marketing team has started the analysis of your company’s marketing environment. competition has been very intense in recent years in your industry, so you decide to place more emphasis on analyzing the competitive forces in your industry. you group your competitors into the four types that a firm normally faces.
competition has been very intense in recent years in your industry, so you decide to place more emphasis on analyzing the competitive forces in your industry. you group your competitors into the four types that a firm normally faces brand competitors
In nature, competition occurs between organisms that coexist in the same environment. Animals compete for water supplies, food, mates, and other biological resources.
Humans normally compete over food and mates, but when these needs are met, there is deep competition in the pursuit of wealth, power, prestige, and prestige in static, repetitive, or unchanging environments.
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