Complete Question:
A deficit on the current account:
Group of answer choices
a. normally causes a surplus on the capital and financial account.
b. normally causes a deficit on the capital and financial account.
c. has no relationship to the capital and financial account.
d. means that a nation is making international transfers.
Answer:
a. normally causes a surplus on the capital and financial account.
Explanation:
A deficit can be defined as an amount by which money, falls short of its expected or required value.
Generally, deficit in financial accounting is usually as a result of expense exceeding revenue or revenue falling below expenses at a specific period of time.
For instance, when liabilities exceeds assets or import exceeds export there would be a deficit in the financial account.
A deficit on the current account normally causes a surplus on the capital and financial account. This is simply as a result of a country having to import more goods and services than it is exporting to other countries in trade.
Simply stated, a deficit on the current account ultimately implies that the value of goods and services exported is lower than the value of goods and services being imported in a particular country.
What is the main reason that it is necessary for public companies to follow the rules and format set out in the Generally Accepted Accounting Principles (GAAP) when creating financial statements? A. It ensures that the market value of assets and debt are reported accurately. B. It ensures that information on the performance of public companies is reported on cashbasis accounting. C. It ensures that important budgetary information is not omitted. D. It makes it easier to compare the financial results of different firms.
Answer:
D. It makes it easier to compare the financial results of different firms.
Explanation:
With the emergence of smartphones, users no longer have to carry a separate music player, a video game, a laptop, or a magazine to keep themselves entertained when traveling. A smartphone is loaded with a variety of applications to satisfy all the customer needs that different industries or products individually satisfied earlier. As a result, the smartphone industry has been posing a threat to a lot of other unrelated industries. What is this phenomenon best known as
Answer: Industry Convergence
Explanation: Industry Convergence has been boosted by the increased leverage of science and technology to various industries which has seen many industries break from the traditional single market focus and transition in a more robust cross industry focus whereby industries can incorporate several individual product into its production plan thereby providing more value added product and services. Smartphone companies as described above have integrated several single market products such as radio, music player, gaming, internet connectivity, camera and video recording, flash light(torch) and so on. thereby creating a robust and cross-industry product which adds more value and products able to withstand competition.
The HR department at Trevor Communications oversees the recruitment and training of employees at the firm.As the firm grows and recruits more employees,overseeing individual training programs has been come too much for HR staff to handle.Which of the following applications should the HR department use to help with employee training?A) A customer relationship management systemB) A management information systemC) A learning management systemD) A decision support systemE) An executive decision-making system
Answer:
C) A learning management system
Explanation:
Analyzing the above scenario, it is clear that the learning management system would be very useful to the HR department at Trevor Communications.
This system can be defined as a learning process that takes place in a virtual way, in an environment where each individual can access learning content in an interactive and dynamic way, by accessing a tool that contains the content and information necessary for specific learning.
This system confers several advantages to the organization, such as the elimination of personnel costs, greater ease of monitoring and follow-up, greater availability, ease of implementation and evaluation.
started the year with total assets of $30,000 and total owner's equity of $20,000. During the year a) assets increased by $20,000, b) the business recorded $45,000 in revenues, c) the business recorded $30,000 in expenses, and d) the owner withdrew $5,000 for personal use. Liabilities at the end of the year were:
Answer:
$20,000
Explanation:
The computation of the liabilities at the end of the year is shown below:
As we know that
Total assets = Total liabilities + equity
where,
Total assets are
= Begining balance + increased assets
= $30,000 + $20,000
= $50,000
And, the equity is
= Starting balance + revenues - expenses - withdrawn amount
= $20,000 + $45,000 - $30,000 - $5,000
= $30,000
So, the liabilities is
= $50,000 - $30,000
= $20,000
In concert with quality management programs, _______ controls help monitor the quality of goods or services at each step in the production process to alert managers to problems. feedforward concurrent feedback bureaucratic clan
Answer:
The correct answer is B) Concurrent Controls
Explanation:
Concurrent controls is a management sub-concept in Organisational Control.
Concurrent control is exerted while the activity such as production or manufacturing or service delivery is ongoing, not before or after.
If the control is executed afterwards, it no longer Concurrent but Feedback Control.
Another word for concurrent control is "Yes-No" control or Screening control. Where this is deployed, regular checks are put in place in real-time to ensure that timely course correction is made during the event.
Cheers!
Matt, a registered investment adviser, operates an office down the hall from Jane, a CPA. Because Jane has no interest in portfolio management, she frequently refers her clients to Matt for investment advice. When one of Jane's client signs a letter of engagement with Matt, Matt sends Jane a $200 referral fee. This occurred 5 times in the previous year. This situation is
Answer: permitted when the referral fee has been disclosed to appropriate clients.
Explanation:
From the question, we are informed that Matt, a registered investment adviser, operates an office down the hall from Jane, a CPA. We are further told that because Jane has no interest in portfolio management, she frequently refers her clients to Matt for investment advice.
When one of Jane's client signs a letter of engagement with Matt, Matt sends Jane a $200 referral fee and this occurred 5 times in the previous year.
Based on the above scenario, permitted when the referral fee has been disclosed to appropriate clients. Even though the Uniform Securities Act does not hinder the payment of referral fees by the investment advisers, it is required that the fees should be disclosed.
A U.S. purchase of oil from overseas paid for with foreign currency it already owned Group of answer choices increases U.S. net exports, and increases U.S. net capital outflow. increases U.S. net exports, and decreases U.S. net capital outflow. decreases U.S. net exports, and increases U.S. net capital outflow. decreases U.S. net exports, and decreases U.S. net capital outflow.
Answer:
Correct answer:
decreases U.S. net exports, and increases U.S. net capital outflow.
Explanation:
In the situation US purchases oil from overseas (another country), it decreases its country's net export due to the fact that, nothing is shipped out of U.S. But rather, it is being imported. Also, this leads to increase of U.S net capital outflow due to money leaving the country to the other country from which the oil is being bought from.
Oilers, Inc. refines and markets its energy products in different nations around the world. In addition, Oilers' stockholders and managers come from many different nations. If some of the nations where it operates decided to take over the assets of the company, this act would constitute
Answer: expropriation
Explanation:
Expropriation is a situation that occurs when the government collects a particular property from the owner of the property and utilizes it for public benefits or use.
Since we are informed in the question that some of the nations where the company operates decided to take over the assets of the company, this act would result in expropriation.
Your answer
Managers who believe that their native country, culture, language, and behavior are superior to all others are ____ managers. Multiple Choice maquiladoras geocentric polycentric ethnocentric diverse
Answer:
ethnocentric
Explanation:
ethnocentric managers believe that their culture is superior to other cultures.
polycentric mangers are mangers who believe that native managers in foreign offices are best suited to mange native workers
geocentric Managers believe that there are differences and similarities between home and foreign workers and practices. they believe that techniques adopted should be the most effective.
At Scorla Automobiles, a few machines in the assembly section were faulty and had to be shut down till they were repaired. This reduced the output of automobiles for the quarter. In this case, the costs incurred by Scorla Automobiles for repairing the machines are an example of _____.
Answer:
Internal failure costs
Explanation:
Internal failure costs are those costs that occur because of product failure when quality of goods is reviewed.
This occurs before goods are released from the factory for use by the consumer.
Discovery of these failures is done by the internal inspection team of the company.
We have 4 costs of quality: preventive cost, appraisal cost, external failure cost, and internal failure cost.
In this scenario a few machines in the assembly section were faulty and had to be shut down till they were repaired, resulting in reduced the output of automobiles for the quarter.
The incurred cost is internal failure cost
Joel was recently hired as a police officer in his city's police department. As part of employee training, his supervisor trains him off-site on the use of firearms. He does this so that Joel does not make any errors in real-life situations. In the given scenario, Joel is going through _____.
Answer:
On-the job training.
Explanation:
This is explained to be normal emphasized training that working staffs are seen to undergo; especially newly employed staffs, which is a direct training while doing the actual job they are been hired or paid for. A a good and reasonable trainee in this aspect is seen to be appreciative when given this chance to develop knowledge and skills without ever leaving work. In this employee training format, employees are seen to receive your workplace needs, norms, and culture and familiarize with them. Internal job training and employee development bring a special plus. This is why in the scenario above, Joel's supervisor trains him off-site on the use of firearms.
Most economists believe that a cut in tax rates a. would generally increase government tax revenue. b. would have no effect on aggregate demand. c. has a relatively small effect on the aggregate-supply curve. d. All of the above are correct.
Answer:
C. Has a relatively small effect on the aggregate-supply curve.
Explanation:
Cut in tax rates has it various views by a lot of economist, government officials and also the masses in general. In the view of a reasonable amount of economists, cut in rate of taxes are seen to have a relatively small effect on the aggregate supply curve.
While this aggregate supply curve is known to be the total supply of goods and also services produced by an economy in an overall period. This term can also be referred to as total output in some cases. This curve is seen to have effects on variables which ranges from the size and quality of labor to technological innovations, an increase in wages and a whole other variables too.
Sheridan Company, had 837000 shares of common stock issued and outstanding at December 31, 2017. On July 1, 2018, an additional 40600 shares of common stock were issued for cash. Sheridan also had unexercised stock options to purchase 31400 shares of common stock at $15 per share outstanding at the beginning and end of 2018. The average market price of Sheridan's common stock was $20 during 2018. What is the number of shares that should be used in computing diluted earnings per share for the year ended December 31, 2018
Answer:
865,150 shares
Explanation:
The calculation of shares for diluted earning per share is shown below:-
Shares for diluted earning per share = Outstanding shares + Issued shares + Stock option
= 837,000 + (40,600 × 6 ÷ 12) + ((31,400 - (31,400 × $15 ÷ $20)
= 837,000 + 20,300 + 7,850
= 865,150 shares
Therefore we have applied the above formula.
Exercise 8-16 Disposal of assets LO P2 Diaz Company owns a milling machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record the disposal of the milling machine on January 3 in each of the following independent situations. The machine needed extensive repairs, and it was not worth repairing. Diaz disposed of the machine, receiving nothing in return. Diaz sold the machine for $35,000 cash. Diaz sold the machine for $68,000 cash. Diaz sold the machine for $80,000 cash.
Answer and Explanation:
The Journal entry is shown below:-
1. Cash Dr, $0
Accumulated Depreciation-Machinery Dr, $182,000
Loss on Disposal of Machinery Dr, $68,000
To Machinery $250,000
(Being Equipment disposed is recorded)
2. Cash Dr, $35,000
Accumulated Depreciation Dr, $182,000
Loss on sale of Machinery Dr, $33,000
To Equipment $250,000
(Being Equipment sold is recorded)
3. Cash Dr, $68,000
Accumulated Depreciation Dr, $182,000
To Equipment $250,000
(Being Equipment sold is recorded)
4. Cash Dr, $80,000
Accumulated Depreciation Dr, $182,000
To Gain on sale of equipment $12,000
To Equipment $250,000
(Being Equipment sold is recorded)
Which of the following is one of the seven website design elements that marketers can use to produce an effective customer experience online?A. consistencyB. collaborationC. commercializationD. commerceE. creativity
Explanation:
The answer is D
Commerce
hope this helps
Name brand drugs are able to continue capitalizing on their market power even after generic drugs enter the market because (i) almost all people fear the generic drug companies are devoting too few resources to research and development. (ii) some people fear that generic drugs are inferior. (iii) some people are loyal to the name brand. Group of answer choices
Answer:
This question is incomplete, the options are missing. The options are the following:
a) (i) and (ii) only.
b) (ii) and (iii) only.
c) (i) and (iii) only.
d) (i), (ii) and (iii).
And the correct answer is the option D: (i), (ii) and (iii).
Explanation:
To begin with, the fact that the pharmaceutical industry keeps growing and that those companies with name brand drugs continue capitalizing their market power even after the generic drugs have entered the market is due to the facts that the population belives that the majority of the brands are better that those that work with generic products and because of that they also believe that those companies do not invest much in I&D because they have low demand and that reason influence in the feelings of the people who believe that the generic drugs are inferior in comparison to the other ones.
Anchor Resort and Casino requires its casino dealers to have licenses, observes them using closed-circuit TV, and requires detailed reports at the end of each shift. This organization has overcome the control system barrier of
Complete Question:
Anchor Resort and Casino requires its casino dealers to have licenses, observes them using closed-circuit TV, and requires detailed reports at the end of each shift. This organization has overcome the control system barrier of?
Group of answer choices
A) too much control.
B) overemphasis on paperwork.
C) overemphasis on means instead of ends.
D) overemphasis on one instead of multiple approaches.
E) too little participation.
Answer:
D) overemphasis on one instead of multiple approaches.
Explanation:
In this scenario, Anchor Resort and Casino requires its casino dealers to have licenses, observes them using closed-circuit TV, and requires detailed reports at the end of each shift.
Hence, this organization has overcome the control system barrier of overemphasis on one instead of multiple approaches.
This ultimately implies that, Anchor Resort and Casino has a variety of ways to ensure that its dealers are operating in line with set rules, standards, guidelines and policy of the company, so as to achieve organizational aims, goals and objectives successfully.
The multiple approach of the control system includes;
1. The casino dealers are expected to possess a license.
2. The casino dealers are being monitored through a closed-circuit TV (CCTV).
3. The casino dealers are required to give detailed reports at the end of each shift.
__________defines quality system standards, based on the premise that certain generic characteristics of management practices can be standardized and that a well-designed, well-implemented, and carefully managed quality system provides confidence that the outputs will meet customer expectations and requirements.
Answer:
International Organization for Standardization (ISO).
Explanation:
ISO defines quality system standards, based on the premise that certain generic characteristics of management practices can be standardized and that a well-designed, well-implemented, and carefully managed quality system provides confidence that the outputs will meet customer expectations and requirements. ISO is an acronym for International Organization for Standardization, it was founded in October 1946 and it is made up of 164 members from 91 different countries across the world. ISO is a Non-governmental organization that has its headquarters in Geneva, Switzerland.
Which of the following is true of a corporation? Group of answer choices A corporation is owned by partners who have founded the business and have the right to manage it. A corporation does not have a life separate from its owners and its managers. A corporation has the ability to attract capital, more than the limited partnership. A corporation is not a tax-paying entity for federal income tax purposes.
Answer:
A corporation has the ability to attract capital more than the limited partnership
Explanation:
Corporation is defined as a group of people or company that come together to operate a business as a single entity with the approval of the government through incorporation.
Being a legal entity on its own , ownership is separated from the owners as the business itself can be held legally liable and it also pay income tax on the profits.
One of the advantages of corporation over the other forms of business is the ability to attract capital through issuing of share stocks , which form the basis of the size of ownership of each member.
Many gluten-free food options are found on the store shelves in the United States, but they are scarcely available in international markets. Given the increasing awareness of a healthy lifestyle, such products satisfy an unmet need. Therefore, a product such as gluten-free food in international markets:_________.
Answer: Is likely to have greater value
Explanation:
Gluten-free food are food that are safe to eat. Examples are most dairy products, such as cheese, butter and milk, fruit and vegetables, meat and fish (although not breaded or battered)
potatoes, rice and rice noodles. Although they are available at stores in America, they are scarce in the other part of world due to how they are valued. The demand of such food in those region is higher than that of America hence their shortage there.
Companies that organize their sales force by customer and territory; product and territory; product and customer; or territory, product, and customer are using a ________ sales-force structure.
Answer:
complex.
Explanation:
A complex sales-force structure is one that contains a diverse sales team design. The organizations that adopt this sales force structure are usually those that offer a diverse range of products for each type of customer and in different geographic areas, so you need to combine different types of sales force structures to achieve your sales objectives and goals. sales according to the preferences and profile of each customer in each location.
Maya owes $20,000 on her credit cards, her adjustable mortgage rate has just gone up, and she has been out of work for 3 months. Her husband of 15 years came home today to tell her he was having an affair and wants a divorce. With that news, she collapsed and had to be taken to the emergency room. According to Hans Selye, Maya is in which stage of the general adaptation syndrome
Answer: exhaustion
Explanation:
Given the information provided in the question, we are told that Maya collapsed and had to be taken to the emergency room. According to Hans Selye, Maya is in the exhaustion phase of the general adaptation syndrome.
At this stage, Maya's energy resources has been depleted after failing to recover from shock.
Profits from a sole proprietorship are reported as taxable income and Question 5 options: can be reported as a deduction. are subject to a self-employment tax of approximately 15%. can be deferred to the next tax year. can't be taxed again in a future tax year.
Answer:
(B) are subject to a self-employment tax of approximately 15%.
Explanation:
What is an application letter?
A: An application letter is used to apply for a specific job and includes keywords from the job posting.
B: An application letter describes in detail your schooling, work experience, and any other experience.
C: An application letter summarizes your intern experience for potential employers.
D: An application letter is used to inquire about open positions or positions that may open in the near future
Answer:
A: An application letter is used to apply for a specific job and includes keywords from the job posting.
Explanation:
The application letter is the letter in which the employee apply for the particular job to the employee for expressing the interest in the position posted by the employer.
Also it is known as cover letter
Therefore according to the given options the first option is appropriate for the application letter
Answer:
A: An application letter is used to apply for a specific job and includes keywords from the job posting. (apex)
what is current capital , future human capital and human capital ? is there a difference?
Answer:
it's money or dollarsand no there's no difference
In an addendum to the purchase and sale contract, the seller agrees to paint the house before conveying the house to the buyer. The weather changes, and the seller is unable to finish painting the house before closing. This is an example of _______.
Answer: Partial performance
Explanation:
Partial performance is described as the completion of a job that forms a portion of a contract.Here, the seller agrees to paint the house before conveying the house to the buyer. The weather changes, and the seller is unable to finish painting the house before closing.
This indicates a part of job is done.
Hence, this is an example of partial performance.
Antiperspirant deodorants were introduced to the market in 1941. The market for antiperspirant deodorants is currently characterized by slowing product class revenue, fierce price competition, and repeat purchase behavior. Antiperspirant deodorants are currently at the ________ stage of the product life cycle.
Answer:
Maturity
Explanation:
In this scenario, Antiperspirant deodorants were introduced to the market in 1941. The market for antiperspirant deodorants is currently characterized by slowing product class revenue, fierce price competition, and repeat purchase behavior. Antiperspirant deodorants are currently at the maturity stage of the product life cycle.
A product life cycle can be defined as the stages or phases that a particular product passes through, from the period it was introduced into the market to the period when it is eventually removed from the market.
Generally, there are four (4) stages in the product-life cycle;
1. Introduction.
2. Growth.
3. Maturity.
4. Decline.
Hence, maturity is the stage in which product experiences a peak in sales growth and then eventually slows as the product reaches more customers, and lastly price competition is fierce.
On June 2, Year 1, Tory, Inc. issued $500,000 of 10%, 15-year bonds at 98.8. Interest is payable semiannually on June 1 and December 1. Discount at issuance was $6,000. Tory uses the straight-line method to amortize the discount, which does not differ materially from GAAP in this instance. On June 2, Year 5, Tory retired half of the bonds at 98. What is the net amount that Tory should use in calculating the gain or loss on retirement of debt
Answer:
$247,800
Explanation:
Discount on bonds payable = $6,000
The discount on bonds payable should be amortized during the 30 coupon payments = $6,000 / 30 = $200
Only 4 years have passed until the partial redemption of the bonds, $200 x 8 = $1,600 of the discount on bonds payable had been amortized. The carrying value of the bonds = $500,000 - ($6,000 - $1,600) = $495,600
Since 50% of the bonds are being retired, the net amount used to calculate the retirement = $495,600 / 2 = $247,800
In recording the monthly adjusting entry for accrued wages at the end of the accounting period, the amount of the adjustment would usually be determined by: a. using the same amount as the prior month adjustment. b. collecting the timesheets for the days accrued. c. a percentage of the previous week's gross payroll. d. using the wages of the salaried workers only. e. a percentage of the previous week's n
Answer: a percentage of the previous week's gross payroll
Explanation:
Accrued wages are the wages that have been incurred by an organization but have not yet being recorded in the organization's accounting ledgers.
It should be noted that when recording the monthly adjusting entry for accrued wages at the end of the accounting period, the amount of the adjustment would usually be determined by percentage of the previous week's gross payroll.
When presenting solutions, Chris (a salesperson)often has to handle buyer resistance. Chris should think of buyer resistance as a(n)___________ event.
A) Negative
B) Unimportant
C) Positive
D) A buyer initiated challenge (BIC)
E) Show stopper
Answer:
C) Positive
Explanation:
Although in the question it is stated that Chris, who is a salesman, manages the buyer resistance while presenting the solutions, the Chris also thinks that buyer resistance is a positive event
Thus, in the provided scenario, option c is right, as it does not satisfy all other options available
So the right option is c.postive
