The Correct option is D. Data for an adjusting entry described as "Fees earned but unbilled on December 31 are $18,000." requires a Debit to unearned fees and a credit to fees earned.
Statistics is basically the obvious records and records gathered all through the operations of a commercial enterprise. They can be used to measure/report a wide range of business sports - each internal and external. At the same time as the information itself may not be very informative, it is the idea for all reporting and as such is vital in business.
Records and analytics can help companies respond to market changes faster. by means of harnessing data analytics, organizations can expect destiny developments, pick out client behaviors and stumble on new business possibilities greater speedy, creating the capability for acquiring a marketplace gain. Commercial enterprise records are all the statistics this is related to an organization, consisting of sales information, client touch facts, and even internet site traffic statistics. the modern-day business climate is based on information.
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A firm’s WACC can be correctly used to discount the expected cash flows of a new project when that project: will be financed with the same proportions of debt and equity as those currently used by the overall firm. will be financed solely with new debt and internal equity. will be financed solely with internal equity. has the same level of risk as the firm’s current operations. will be managed by the firm’s current managers.
When a new project includes the same amount of risk as the company's current activities, the WACC of the company can be utilized to accurately discount the anticipated cash flows of the project.
The correct option is A.
What is the firm's WACC?The term "weighted average cost of capital" refers to a company's average after-tax cost of capital from all sources, including common stock, preferred shares, bonds, and numerous other types of debt (WACC). WACC is the anticipated average interest rate that a company will pay to finance its current assets.
Why is WACC used and what does it mean?In order to determine whether a return on investment will be more than or equal to an asset, project, or company's expenditure of invested capital, the weighted average cost of capital (WACC), a crucial financial concept, is frequently used in financial circles.
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I understand that the question you are looking for is:
A firm's WACC can be correctly used to discount the expected cash flows of a new project when that project:
A) Has the same level of risk as the firm's current operations
B) Will be financed solely with new debt and internal equity
C) Will be managed by the firm's current managers
D) Will be financed with the same proportions of debt and equity as those currently used by the overall firm
E) Will be financed solely with internal equity
A perfectly competitive producer's demand curve is:
a. downward sloping but more elastic than the market demand curve.
b. also the market demand curve.
c. upward sloping.
d. a vertical line.
e. a horizontal line.
A perfectly competitive producer's demand curve is downward sloping but more elastic than the market demand curve.
Demonstrate Demand curve of perfectly competitive marketThe demand curve for the market, which encompasses all firms, slopes downward; yet, the demand curve for a particular firm is flat or fully elastic, reflecting the fact that the customer accepts the price set by the market. The presumption that each firm is small accounts for the disparity in slopes between the market demand curve and the demand curve of each individual firm. The market price cannot be changed by any amount of output a single firm produces. Keep in mind that the amount of output that each firm decides to supply will entirely determine the equilibrium quantity of production for that firm.
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In the context of the ways in which consumers are treated, competition in the marketplace serves to protect consumers. a. True b. False.
It is true, that in the context of the ways in which consumers are treated, competition in the marketplace serves to protect consumers.
By maintaining low costs and a wide selection of high-quality goods and services, it helps customers. Our economy operates due to competition. The Federal Trade Commission works to keep our markets open and free by enforcing antitrust laws.
A strong market economy is essential to the success of the American economy. Economic fundamentals show that when businesses must compete for customers, the result is cheaper pricing, better goods and services, more variety, and more innovation.
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the stock of money is determined by the federal reserve system and does not change when the interest rate changes; therefore the
The stock of money is determined by the federal reserve system and does not change when the interest rate changes therefore the supply of the money curve is verticle.
The Fed can influence the money supply by changing reserve requirements. Reserve requirements generally refer to the number of funds a bank must hold against deposits in a bank account. By lowering the reserve requirement ratio, banks can lend more money.
Increase the total amount of money in the economy. The Federal Reserve Board controls the money supply by increasing or decreasing the monetary base. The monetary base depends on the size of the Fed's balance sheet. Specifically, it is the currency in circulation plus the balance of deposits held by the custodians of the Federal Reserve.
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he J-curve effect means that import prices are higher, thus revenues paid out increase while export prices are lower and incoming revenues decrease. Therefore, after a currency depreciation:
the trade balance decreases and then increases over time giving the curve a J shape.
Therefore, after currency depreciation increases over time giving curve a J shape.
What is depreciation?Depreciation is a term used in accounting to refer to two different aspects of the same concept: first, the actual decline in an asset's fair value caused by use, such as the annual decline in value of industrial equipment, and second, the application of an asset's initial cost over the course of its useful life. Depreciation is essentially act of "writing down," or reallocating, the cost of a tangible asset over duration of its useful life. It also refers to the fall in asset value. Business depreciates long-term investments for accounting and tax purposes. It is common practice to allocate the cost as a depreciation charge across the expected use periods for the asset.
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The situation occurring when people can receive the benefits from a good without having to pay for it is known as the ________ problem.
Free-rider
The situation occurring when people can receive the benefits from a good without having to pay for it is known as the free-rider problem.
What is free-rider problem?Free-rider can be defined as the way in which a person tend to make use of another person items without having to pay for making use of it because it is free for the person to have access to.
On the other hand free rider problem occur when a person who have the access to make use of a resources does not pay for the resource and tend to lead to market failure. Example of free rider is making use of public goods.
Therefore the statement that filled the gap is free -rider.
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What does confirmation bias encourage?
The confirmation bias concept comes from the field of cognitive psychology and has been adapted to behavioral finance. Confirmation bias flourishes because it's an efficient way to process information, it promotes self-esteem, and it eases stress by eliminating conflict and contradictions.
Affirmation bias is a time period from the sphere of cognitive psychology that describes how humans certainly favor information that confirms their previously existing ideals. Professionals in the discipline of behavioral finance locate that this essential principle applies to buyers in notable ways.
Because buyers are seeking for out statistics that confirms their current evaluations and ignore facts or information that refutes them, they will skew the value in their selections based totally on their very own cognitive biases. This mental phenomenon takes place when buyers filter out probably useful facts and evaluations that don’t coincide with their preconceived notions.
Traders must be aware about their very own tendency closer to affirmation bias to be able to overcome negative decision-making, missing chances, and avoid falling prey to bubbles. Looking for contrarian perspectives and keeping off affirmative questions are two approaches to counteract affirmation bias.
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lyricists trying to break into the big time may find their wordsmith skills are particularly suited to this field that could provide paychecks.
Lyricists looking to break into the big time may discover that their wordsmith skills are particularly suited to this field that can provide a paycheck, which is known as advertising.
What is advertising?Advertising is a marketing strategy that involves paying for advertising space to promote a product, service, or cause. Advertisements, or ads for short, are the actual promotional messages. Advertising's goal is to reach people who are most likely to be willing to pay for a company's products or services and persuade them to buy.Advertising raises consumer awareness of a new product, causing them to come and try it. After reaching a mature age, advertising aids in the creation of goodwill for the company and the acquisition of customer loyalty.Advertising strategies are classified into two types: institutional and product advertising. Institutional advertising is used to promote the brand of a company.There are traditional forms of advertising, such as newspapers, flyers, radio, and television, as well as newer forms, such as online advertising.The complete question :
"lyricists trying to break into the big time may find their wordsmith skills are particularly suited to this field that could provide paychecks is referred to as."
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Which scenario BEST illustrates the connection between human capital and productivity? Madison's grandmother sends her a check for $1,000 to celebrate her high school graduation. Madison meets with a financial advisor and ultimately decides to purchase a mutual sund Alan wants to learn as much as he can about a certain television series. He watches all the episodes one weekend paying particular attention to dialogue spoken by the main chaatien Kyoko, Patrick, and Max are all given the ingredients to make a chocolate cake, but only Kyoko receives a recipe. She finishes her cake before the others, and it is of much better gualty After considering the tuition costs associated with college and calculating his projected earnings for the next few years at his current part-time job Danny decides to attend
The scenario that best shows the connection between human capital and productivity is C. Kyoko, Patrick, and Max are all given the ingredients to make a chocolate cake, but only Kyoko receives a recipe. She finishes her cake before the others, and it is of much better quality.
What is human capital ?Social scientists refer to personal qualities seen to be helpful in the manufacturing process as "human capital." It includes the education, health, and knowledge of the workforce.
Kyoko, Patrick, and Max are each given ingredients needed to make a chocolate cake. However, Kyoto was the only one to receive a recipe which led to her being more productive than others. The recipe was the knowledge described as being part of human capital above.
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jackson opened a furniture store as a sole proprietor. during the recession, business declined and he was not able to pay his suppliers and creditors. due to unilimited liability
Property can be used as desired by both private individuals and businesses because: - the entitlement to private property.
Which one of the following qualities is considered essential for something to function as money?Durability, portability, uniformity, divisibility, limited supply, and acceptability are characteristics of money.
What kind of monetary framework is old strategies are utilized in choosing what products to create?In a command economy, the goals of a ruler or ruling class are the focus of economic activity. One good example is ancient Egypt: a huge piece of monetary life was dedicated to building pyramids (like the one at the left), for the pharaohs.
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You choose to participate in a raffle . Raffle tickets sell for $5 each and there are a total of 10000 tickets . The prizes in this raffle are * 1st prize $20,000 college scholarships (1 winner)
* 2nd prize $10,000 college scholarship (2 winner)
* 3rd prize $ 1,000 college scholarship (5 winner) * 4th prize $100 college scholarship (50 winners) You purchase one $5 raffle ticket . How much of your college tuition can you expect to be paid for by your raffle ticket purchase .
The college tuition can that expected to be paid for by purchasing of raffle ticket can be computed through the use of probability.
What is probability?A probability is a numerical representation of the likelihood or chance that a specific event will take place. Both proportions ranging from 0 to 1 and percentages ranging from 0% to 100% can be used to describe probabilities.
The probability is computed by dividing the total number of possible outcomes by the number of possible ways the event could occur. Probability and odds are two distinct ideas. Odds are calculated by dividing the likelihood of an event by the likelihood that it won't.
The probability of winning a scholarship can be computed separately for each raffle prize:
Total No. of Tickets = 10000 tickets
Price per ticket = $5
a) 1st prize college scholarships (1 winner) = $20,000
∴ P = No. of Outcome / Total Outcome = 1/10000 = 0.01%
b) 2nd prize college scholarship (2 winner) = $10,000
∴ P = No. of Outcome / Total Outcome = 2/10000 = 0.02%
c) 3rd prize college scholarship (5 winner) = $ 1,000
∴ P = No. of Outcome / Total Outcome = 5/10000 = 0.05%
d) 4th prize college scholarship (50 winners) = $100
∴ P = No. of Outcome / Total Outcome = 50/10000 = 0.5%
Therefore the probability amount that would be win as college scholarship is $5 which is equal to the raffle ticket price.
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Statement I:
A Chart of Accounts provides guidance for when recording business transactions.
Statement II:
A Charts of Accounts should at least provide the numbers and titles of accounts to be used by a company.
A Chart of Accounts provides guidance for when recording business transactions.
A Chart of Accounts should at least provide the numbers and titles of accounts to be used by a company.
Both statements are correct.
A chart of bills (COA) is an index of all of the economic money owed inside the trendy ledger of a organization.
In brief, it's far an organizational tool that offers a digestible breakdown of all the financial transactions that a agency performed all through a particular accounting length, broken down into subcategories.
A chart of accounts is a listing of all your agency's “bills,” collectively in a single location. It gives you with a birds eye view of each region of your business that spends or makes money. the principle account sorts consist of revenue, costs, property, Liabilities, and equity.
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Company A has a profit margin of 12% and investment turnover of 32. Company B has a profit margin of 15% and Investment turnover of 24. Company __ has a better return on investment
Company A has a better return on investment. Company A's Investment turnover is more than Company B's Investment turnover .
What do the terms profit and revenue mean in ROI calculations?
Margin is net operating income divided by sales and is typically improved by increasing selling prices, reducing operating costs, or increasing unit sales. Revenue is revenue divided by average business assets.
What is revenue and how is it calculated?To calculate the company's annual sales, simply add up the total sales. If a company sells products, annual sales refer to the total number of sales of the products sold. If a company sells services, revenue is the sum billed for those services.
What is Margin Impact Ratio?Margin impact can be identified by comparing current profit margins after the change to future conditions. A simple example looks like this: If a company decides to change its price and volume combination, it must first calculate the new total cost.
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When one business is dependent upon the performance of another business, liability for poor performance becomes easier and clearer to determine. TRUE or FALSE
When one company depends on the success of another, it is simpler to prove liability for inadequate performance. FALSE
What do you mean by liability?A company's potential obligations to clients, vendors, or other businesses are referred to as liabilities. This suggests that future profits for the company won't be possible. In contrast to equity, a responsibility is a way for a firm to obtain funding.
How do assets and liabilities differ?Assets show a net growth in value while liabilities show a net loss in value. By comparing a company's entire assets to its total liabilities using a common accounting calculation, investors can determine the ratio of assets to liabilities and determine the company's value.
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Suppose the price level is fixed, the MPC is .5, and the GDP gap is a negative $100 billion. To achieve full-employment output (exactly), government should
A. increase government expenditures by $100 billion
B. increase government expenditures by $50 billion
C. reduce taxes by $50 billion
D. reduce taxes by $200 billion
Multiplier is 1/.5= 2 so 50 billion increases demand by 100 and closes the GDP gap.
Hence, the correct option is B i.e., increase government expenditures by $50 billion.
The difference between an economy's actual gross domestic product (GDP) and its potential GDP, as shown by the long-term trend, is known as the GDP gap. A country's economy forfeits output when there aren't enough jobs for everyone who wants to work, which results in a negative GDP gap. On the other side, a significant positive GDP gap typically indicates that an economy is overheated and at risk of experiencing excessive inflation.
The production gap is the distinction between real GDP and potential GDP.
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in the circular-flow diagram, if Jane is an employee who delivers packages for fedex, she participates in the markets for ___
A) factos of prodcution exchanging packages for revenue
B) goods and sercvices exchanging packages for wages, rent, and profit
C) goods and services exchanging for labor for service
D) factos of prodcution exchanging labor for income
FedEx Services provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office.
What is a pull based strategy?Pull strategy is inventory management that reacts in real time to current consumer demand. Push strategy, which creates inventory ahead of anticipated consumer demand based on projections, seasonal demand planning, and historical trends, is frequently contrasted with it.A technique of marketing in which a business invests time and money to promote products to customers directly in the hopes that they will desire to purchase them: Using a pull technique necessitates thorough market understanding.The goal of the pull marketing strategy is to increase the number of consumers who want to purchase a specific good. To encourage stores to stock a product, it frequently involves persuading a buyer to actively seek it out.The package shipping industry is dominated by a few large competitors: us postal service, FedEx, and ups. this is an example of Pure competition.To learn more about pull based strategy,refer:
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Based on the internal team role assignments you anticipate making for your project, which roles might need to be filled by the vendor?
Project completion, which occurs in the last stage of a project's life cycle, is all about bringing a project to a successful conclusion.
Contract Closure:Contracts expire at the same time that projects do. The completion and settlement of the provisions of the contracts granted for the project is known as contract closure. Because the contract closing process evaluates whether the work outlined in the contracts was carried out precisely and successfully, it aids in the project completion process.
Releasing the Project Team:The procedure of releasing project team members is not a formal one. It should be noted, though, that when the project is over, you will release the members of your project team, who will then either report back to their functional supervisors or be given a new project to work on. As the project nears completion, you should contact their supervisors or other project managers so that they have enough time to prepare for their workers' return.
Final Payments:Typically, the final payment exceeds a basic proportion of the work still to be done. The final payment should be sufficient to encourage the vendor to give the project high priority so that it may be finished on schedule since finishing the project can include addressing the most challenging problems that are disproportionately expensive to solve.
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#SPJ1Which of the following statements is correct regarding the variety and price of products produced under monopolistic competition as compared to production under perfect competition?The monopolistically competitive industry produces a greater variety of products at a higher cost per unit.
A greater variety of products will be produced at a higher unit cost under monopolistic competition than under perfect competition.
How Does Monopolistic Competition Work?Monopolistic competition occurs when numerous businesses offer competing products or services that are comparable to one another, if not perfect. In a monopolistic competitive industry, entry barriers are low and a single company's actions do not directly affect its rivals.
Why does it go by the name "monopolistic competition"?In essence, monopolistically competitive markets are referred to as such because, although businesses compete with one another to some extent for the same group of customers, each company's product differs slightly from that of the others, creating a situation that is similar to a mini-monopoly in the
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Companies often require non-disclosure agreements from their employees because a non-disclosure agreement
identifies all the different ways an employee could violate company policies
obligates the employer to keep the personal information of employees private
protects company secrets from being leaked, which could result in loss of clients
provides for a documented exchange of information between employees and employers
A non-disclosure agreement (NDA) is a contract that is enforceable under law and creates a confidential relationship. The signatory(s) agree that any sensitive information they may collect will not be disclosed to any third parties. A confidentiality agreement is another name for an NDA.
What is non-disclosure agreement (NDA)?
Non-disclosure agreements are frequently used by companies when they get into negotiations with other companies. They give the parties the freedom to exchange private information without worrying that their rivals would obtain it. It might be referred to as a mutual non-disclosure agreement in this situation.
Before conversations between companies about potential joint ventures, the NDA is customary.
To safeguard the private business information of a company, NDAs are frequently demanded of employees.
A confidentiality agreement is another name for an NDA.
Mutual and non-mutual non-disclosure agreements are the two main categories of non-disclosure agreements.
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which of the following statements about capital budgeting is not true? decisions have to be made considering long-term cash flow factors.
The claim on capital budgeting that is untrue is (A) Purchase decisions are made at the manager level.
Long-term choices involving major capital purchases are capital budgeting. Due to the size of the sum, it might not be possible to change these choices. Decisions must take into account long-term cash flow issues because there are a lot of risks associated with the usage of resources. Since they are so important to the business, the buying decisions are made at the highest level.
Making the best judgments is aided by capital budgeting. It includes decisions regarding expansion plans, mergers, and replacements but excludes those pertaining to inventory.
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COMPLETE QUESTION:
Which of the following statements about capital budgeting is not true
A) Purchase decisions are made at the manager level.
B) Capital purchases are for large amounts.
C) Capital purchases are long-term.
D) Decisions may not be possible to reverse.
E) Decisions have to be made considering long-term cash flow factors.
FILL IN THE BLANK. the board of governors is the policy making body at the fed and is responsible for setting the discount rate (rate of interest charged to commercial banks) and the___(the amount of customer deposits which commercial banks must hold back and not loan out).
The board of governors is the policy-making body at the fed and is responsible for setting the discount rate (rate of interest charged to commercial banks) and the reserve requirements (the amount of customer deposits which commercial banks must hold back and not loan out).
in the united states of america, business radio stations make most of their sales by means of selling airtime for use for running radio advertisements. these classified ads are the result of a business or a carrier presenting a valuable attention, usually money, in alternate for the station airing their commercial or bringing up them on air. The maximum common classified ads are "spot advertisements", which generally final for no multiple minute, and longer packages, commonly running up to at least one hour, known as "informercials".
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american honda purchases over $20 billion worth of auto parts and materials every year. are key players in the company's success. group of answer choices
American Honda annually spends more than $20 billion on materials and motor parts. the success of the business depends on them. a selection of responses.
Which of the following generations has the highest level of education to date?The current most educated generation is Generation X. C) The population's poorest group is made up of baby boomers.
What about people's views and values is most likely accurate?What about people's views and values is most likely accurate? Values and fundamental beliefs are very persistent.
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Which of the following statements relating to a firm in an imperfectly competitive market and a firm in a perfectly competitive market is true?
a) Firms in both types of markets will likely advertise the merits of their products to increase sales.
b) Firms in both types of markets will increase price to increase total revenues when their demand is inelastic.
c) An imperfectly competitive firm must lower its price to increase sales, while a perfectly competitive firm can increase sales by increasing output at the current price.
d) Barriers to entry give both imperfectly competitive and perfectly competitive firms market power to raise price.
e) As their product becomes different from their competitors' product, both an imperfectly competitive firm and a perfectly competitive firm will face less elastic consumer demand.
An imperfectly competitive firm must lower its price to increase sales, while a perfectly competitive firm can increase sales by increasing output at the current price is True.
What does Firm mean?
A firm is a business organization that provides goods or services to customers and clients. It is usually a partnership or corporation. It can also refer to a company's reputation, financial strength, and management team strength.A "firm" is the name used in a legal context to refer to a specific business organization, whether it is a partnership, limited liability company, corporation, or other type of legal entity.
What does Liability means?
A legal obligation to pay a debt or compensate for a loss or damage is referred to as liability. It is a legal or contractual obligation to pay money to another person or organization. An asset or property that is subject to being used to pay a debt or other obligation is also referred to as a "liability."
Therfore the correct option is c) An imperfectly competitive firm must lower its price to increase sales, while a perfectly competitive firm can increase sales by increasing output at the current price.
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which of the following best depicts the current subasimilation outcomes for irish americans in the 21st century
High cultural, Secondary, primary, and Marital assimilation best depicts the current subsidization outcomes for Irish Americans in the 21st century
High culture is a term used to describe the cultural products of a society that are held in the highest regard by that society, and are often associated with the upper classes. These cultural products are typically seen as having superior artistic or intellectual value and are often seen as possessing an aura of antiquity and wisdom that is unattainable to the general public.
This can include art, music, literature, philosophy, religion, and architecture. High culture is often seen as a reflection of a society's values and ideals and is often used to differentiate the upper classes from the lower classes. High culture is often seen as a sign of status, and those who possess it are often seen as superior to those who do not.
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global corporation had 44,000 shares of $20 par value common stock outstanding on july 1. later that day the board of directors declared a 5% stock dividend when the market value of each share was $29. the entry to record the dividend declaration is: multiple choice debit retained earnings $63,800; credit common stock dividend distributable $44,000; credit paid-in capital in excess of par value, common stock $19,800. debit retained earnings $63,800; credit cash $63,800. debit retained earnings $44,000; credit common stock dividend distributable $44,000. no entry is made until the stock is issued. debit retained earnings $63,800; credit common stock dividend distributable $63,800.
If global corporation had 44,000 shares of $20 par value common stock outstanding on july 1. the entry to record the dividend declaration is: Debit Retained Earnings $63,800; credit Common Stock Dividend Distributable $44,000; credit Paid-In Capital in Excess of Par Value, Common Stock $19,800.
What is journal entry?Journal entry is used by companies to post or record their day to day business transaction.
Retained earnings =44,000 shares × 5% × $29
Retained earnings = $63,800
Common Stock Dividend Distributable= 44,000 shares × 5% × $20
Common Stock Dividend Distributable = $44,000
Paid-in Capital in Excess of Par Value, Common Stock= 44,000 shares × 5% × $9
Paid-in Capital in Excess of Par Value, Common Stock= $19,800
Global corporation Journal entry
Debit Retained Earnings $63,800
Credit Common Stock Dividend Distributable $44,000
Credit Paid-In Capital in Excess of Par Value, Common Stock $19,800
Therefore the entry is Debit Retained Earnings $63,800; credit Common Stock Dividend Distributable $44,000; credit Paid-In Capital in Excess of Par Value, Common Stock $19,800.
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The dominant strategy for player 1 in the accompanying game is Player 1 Player 2 A B C X 9, 8 10, 12 3, 15 Y 5, 6 12, 20 4, 10 Z 10, 9 13, 4 8, 12
The dominant strategy for player 1 in the accompanying game is
Question 7 options:
C.
X.
Z.
Y.
The dominant strategy for player 1 in the accompanying game is Y.
What is a game theory?In game theory, the dominating strategy is a situation in which one player has superior tactics regardless of how their opponent chooses to play. All other things being equal, that player has an advantage over the opposition in the game. It implies that the dominant player will always have control over the course of events, regardless of the strategies employed by the adversary.
The option with the greatest advantages among the available options is considered the dominant strategy. The dominant strategy focuses on actions taken by any player in the game without taking the opponent's response into account. It is an independent action that the player has taken.
Therefore, based on the information, Y will be the dominant strategy for player 1 in the accompanying game.
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One nice feature of an account such as a 401(k) is that many employers will _______ the employee contributions at a stated percentage of the contribution.
The fact that many firms will match employee contributions to an account like a 401(k) at a specified fraction of the contribution is a wonderful benefit.
Whom do you refer to as an employee?
A person who is paid for work for another person or business is an employee. Employees need only be paid by an employer for their labor in order to qualify as employees; they are not required to work full-time (the person or business that pays them).
Who are your staff members?
Any person who works hard to achieve the goals and goals of a specific business is referred to as an employee. According to their areas of expertise, interests, and prior experiences, employees are recruited to carry out certain tasks.
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The TeaCup Company reported an increase to net income in their income taxes payable account on the statement of cash flows using the indirect method. This means that TeaCup's income taxes payable account (increased/decreased) for the period.
Blank 1: increased
This indicates that TeaCup's account for income taxes payable increased during the time period. As a result, choice (A) is the proper reaction.
What do you mean by income tax payable?A liability called "Income tax payable" is stated for financial accounting purposes and represents the sum that a business anticipates paying in income taxes within a year. It appears on a company's balance sheet under current liabilities.
According to generally accepted accounting principles (GAAP), the amount of income tax that must be paid is calculated while taking into consideration the tax rates that apply under the legislation of the countries where the organization is required to pay taxes.
Hence, option (A) is accurate.
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other things equal, firms will produce and offer for sale ___ of their product at a high price than at a low price.
Other thins equal, firms will produce and offer for sale increases of their product at a high price than at a low price.
The law of supply is a microeconomic principle that asserts, with all other things being equal, that if the cost of an item or service rises, suppliers will offer more of those goods or services, and vice versa.
According to the rule of supply, suppliers will try to maximize their earnings when the price of an item rises by offering more products for sale.
According to the law of supply, manufacturers will increase their supply to the market if the price is higher.
Businesses produce more of a good or service when they anticipate paying a greater price for it because they want to boost their revenue.
In the meanwhile, suppliers are discouraged from manufacturing as much if prices drop.
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When Michael started his construction company, he needed to purchase some very expensive excavating equipment, but he didn't have the cash on hand to do so. He borrowed from the bank to cover this _______ expenditure. Multiple Choice a. principal b. short-term c. capital d. inventory e. intangible
When Michael started his construction company, he needed to purchase some very expensive excavating equipment, but he didn't have the cash on hand to do so. He borrowed from the bank to cover this capital expenditure. The Option C is correct.
What is a capital expenditure?Basically, a capital expenditures refers to the funds used by a company to acquire, upgrade, and maintain its physical assets such as property, plants, buildings, technology, or equipment.
This expenditure is often used to undertake new projects or investments by a company. Making of capital expenditures on fixed assets can include repairing a roof. purchasing a piece of equipment, or building a new factory.
In conclusion, this type of financial outlay are made by companies to increase the scope of their operations or add some future economic benefit to the operation.
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