Answer:
Study of resources, it's utilization and how decisions are made
In preparing its bank reconciliation for the month of April 2018, Crane, Inc. has available the following information. Balance per bank statement, 4/30/18 $78200 NSF check returned with 4/30/18 bank statement 950 Deposits in transit, 4/30/18 9600 Outstanding checks, 4/30/18 10300 Bank service charges for April 50 What should be the adjusted cash balance at April 30, 2018
Answer:
the adjusted cash balance is $77,500
Explanation:
The computation of the adjusted cash balance is shown below:
Adjusted cash balance = balance pler bank statement + deposit in transit - outstanding checks
= $78,200 + 9,600 - 10,300
= $77,500
Hence, the adjusted cash balance is $77,500
The same should be considered and relevant
If the financial statements include an income statement and a balance sheet but exclude the statement of cash flows, the auditors Group of answer choices should issue a qualified opinion because the missing statement of cash flows constitutes a scope limitation. can issue an unqualified report. should issue a qualified opinion due to the departure from GAAP. should include the statement of cash flows, modify the report, and issue an unqualified opinion.
Answer:
The auditor should issue a qualified report for the departure from generally accepted accounting principles.
Explanation:
A qualified opinion can be understood as the statement given by an auditor in conjunction with a corporation's audited financial statements in an auditor's report. It was an auditor's judgement that implies a firm's earnings reporting was restricted in scope or that there was a substantial fault with the implementation of generally accepted accounting standards (GAAP)—but hardly one that was widespread.
Contractor Dan pulled a permit for work that he was planning to do at Jules’s home. As it turns out, Dan isn’t licensed, and when he pulled the permit, it triggered an investigation from the AZ ROC. The AZ ROC can now use the fact that he pulled a permit to do the work as ______ evidence against the contractor to prove he was going to do work without a license.
Answer:
Prima Facie
Explanation:
Given that in legal terms, Prima Facie evidence is a term that describes the required rebuttable presumption or belief to justify a verdict.
Hence, in this case, the AZ ROC can now use the fact that he pulled a permit to do the work as PRIMA FACIE evidence against the contractor to prove he was going to do work without a license.
You are working with a customer who has disclosed they have new payment obligations that do not appear on their credit report. You realize that your customer qualifies for a loan based on figures calculated using only payment obligations reported on their credit. In order to ensure your client qualifies, you decide to exclude the payment obligations that do not appear on the credit report. This action is:
Answer:
illegal and unethical
Explanation:
Business Ethics
This is simply known as principles and standards in the business world that determine conducts which are acceptable in business. For a behavior to be acceptable in business is determined by organization, stakeholders like customers, competitors, government regulators, interest groups, and the public.
Unethical conducts are not always illegal. Unethical behavior or conducts are actions deemed or known by society as not really illegal, and both legal and ethical concerns change over time.
One is required to count any payment obligations you know about even if they do not appear on the credit report. For not counting a payment obligation.is not only illegal, it is misrepresentation and also unethical.
Cardinal Company manufactures vitamin capsules. For the month of June, Cardinal's encapsulating department had 18,000 tons in beginning inventory (with transferred-in costs of $4,400) and 81,000 tons completed inventory during the month. Further, the mixing department completed and transferred out 72,000 tons at a cost of $22,300 in June. Calculate unit cost for the transferred-in category. (Note: Round answer to two decimal places.)
Answer: $0.30 per unit
Explanation:
The unit cost for the transferred-in category is calculated as:
= (Transfer cost of beginning inventory + transfer cost of transferred out inventory) / (Beginning inventory + Inventory transferred out)
= (4,400 + 22,300) / (18,000 + 72,000)
= 26,700 / 90,000
= 0.2967
= $0.30 per unit
Suppose a new off-campus university apartment complex could rent its rooms on the open market for $900 a month. If, instead, the university chooses to cap the price of rooms to $500 a month for students, the result would be that ____________. A. quantity demanded would exceed the quantity supplied, resulting in a shortage. B. quantity supplied would exceed the quantity demanded, resulting in a shortage. C. quantity demanded would exceed the quantity supplied, resulting in a surplus. D. quantity supplied would exceed the quantity demanded, resulting in a surplus.
Answer:
A
Explanation:
the price cap is form of price ceiling
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Effects of a binding price ceiling
1. It leads to shortages
2. it leads to the development of black markets
3. it prevents producers from raising price beyond a certain price
4. It lowers the price consumers pay for a product. This increases consumer surplus
Pelican Bay Apartments is a complex consisting of 80 units. The units are available in studio and one-, two-, and three-bedroom apartments. Kimberly Bracco is the property manager of Pelican Bay. She has decided to stay in her condo and not reside at Pelican Bay. She is also pursuing her California real estate license as she manages the property. Is anything wrong with this scenario
Answer:
Yes
Explanation:
According to California law an onsite manager is required for an apartment complex that has more than 16 rental units.
In the given scenario Pelican Bay Apartments is a complex consisting of 80 units. The units are available in studio and one-, two-, and three-bedroom apartments.
Kimberly Bracco is the property manager and has decided to stay in her condo and not reside at Pelican Bay which is off site.
However if she is to be off site then she will need a broker's licence.
Bob's electronics company has quite a buzz around a new television they're launching, called UltraView1000. This television is equipped with an accessibility feature that lets voice commands it. Bob decides to use broad match modifier in his Search Ads campaign with the keywords "television," "accessible," and "voice." Which benefit does broad match modifier give Bob's Search Ads campaign?
Answer:
Bob’s ad will appear if search terms contain at least all three of the keywords or variations of those terms.
Explanation:
Bob’s ad will appear if search terms contain at least all three of the keywords or variations of those terms.: Adding a + sign in front of a keyword turns it into a broad match modifier. This prompts your ads to appear only if the keyword or its close variations are in any part of the search terms.
If Bob uses the broad match modifier keywords “television,” “accessible,” and “voice.” His ads will appear for people searching for any combination of these terms in a search (and possibly including additional terms). However, the ads won’t appear if any one of these keywords aren’t in the search term.
Real Estate Question
A buyer is purchasing a property for $500,000. He has a down payment of $50,000 and is financing the rest. What's the amount of the loan origination fee if the lender charges one-and-a-half points? Please explain your work as well.
Answer Choices:
$5,000
$6,750
$750
$7,500
Answer:
Amount of the loan origination fee = $7,500
Explanation:
Given:
Purchase cost of house = $500,000
Down payment cost = $50,000
Lender charges point = 1.5 points[%]
Find:
Amount of the loan origination fee
Computation:
Amount of the loan origination fee = Purchase cost of house x Lender charges point
Amount of the loan origination fee = 500,000 x 1.5%
Amount of the loan origination fee = $7,500
China allows U.S. companies to ally with Chinese firms by purchasing minority ownership positions in the Chinese firms. These relationships are called
A) joint ventures.
B) network strategies.
C) equity strategic alliances.
D) nonequity strategic alliances.
Answer:
C) equity strategic alliances.
Explanation:
100% correct
Adel is interested in investing in the stock exchange, but he really has no clue what any of it
is about. He asks you to explain the stock exchange to him. What is one TRUE statement
about the stock exchange you could teach Adel?
a. each stock market is used to buy and sell stocks or shares of ownership in a company
b. there is only one big stock market and it is located in New York City
c. for all stock markets the buying selling and trading of stocks happens in the trading floor were traders shout out their offers at the same time
d. all stockholders benefit financially from investing in stocks
Answer:
for all stock markets the buying selling and trading of stocks happens in the trading floor were traders shout out their offers at the same time
Answer:
each stock market is used to buy and sell stocks or shares of ownership in a company.
Explanation:
Which of the following statements explains the concept of the tragedy of the commons? (Check all that apply.) A. It occurs due to excludability and non-rivalry. B. It is an example of a positive externality. C. It results when the free market equilibrium quantity is higher than the optimal equilibrium quantity. D. The open access to common resources results in their depletion through overuse.
Answer:
C. It results when the free market equilibrium quantity is higher than the optimal equilibrium quantity.
D. The open access to common resources results in their depletion through overuse.
Explanation:
The tragedy of the commons is a problem in economics that could be arise at the time when an individual reject the society well being for the personal motive. It would result in excess consumption and the depletion of the resources
So as per the given options, the option c and option d is to relevant as it directly linked to the meaning of the tragedy of the commons
Vertical marketing systems are best described as ______. Multiple choice question. the elimination of costly backward and forward integration for the distribution of products the result of unabated channel conflict occurring in the distribution of consumer packaged goods loosely knit networks of independent producers and intermediaries functioning to distribute products professionally managed and centrally c
Answer:
professionally managed and centrally coordinated marketing channels.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
Vertical marketing systems used as a promotional and sales technique of goods and services by various business firms are best described as professionally managed and centrally coordinated marketing channels.
Servant leadership emphasizes the notion that Question 8 options: employees are paid to serve their leaders. leaders serve followers, rather than vice versa. leaders should be able to serve the organization by maximizing employee performance. employees are servants in the organization, so they should place organizational objectives above their personal needs.
Answer:
leaders serve followers, rather than vice versa.
Explanation:
Leadership can be defined as a process which typically involves motivating, encouraging and inspiring employees working under an individual to be innovative and create positive changes that will foster growth and enhance the success of a business firm or company in the future.
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her. Some types of power expressed by leaders are referent power, legitimate power, coercive power, etc.
In Business management, servant leadership emphasizes the notion that leaders serve followers, rather than vice versa.
a. A challenging job at an organization that raises the bar in data security b. An entry-level position in the marketing area with a possibility of promotion c. Serving as a team player in a company where independent thinking is a top priority d. An accounting position in which 10 years' experience and a license as a CPA will allow me to assist your company with payroll, employee benefits, and governmental tax and records reporting
Answer:
d. An accounting position in which 10 years' experience and a license as a CPA will allow me to assist your company with payroll, employee benefits,
Explanation:
THE QUESTION IS THAT
Which of the following is the best career objective for a résumé?
Career objective can be regarded as a personal statement that gives definition of the specifics that one wish to attain in his/her profession.
A resume objective can be regarded as optional part that is been written in a resume which states or specify the career goals as well as outlines ones best skills. It should be noted that one of the best career objective for a résumé is An accounting position in which 10 years' experience and a license as a CPA will allow me to assist your company with payroll, employee benefits,
Cosmetic Profits. Sally is the executive vice president of Big Name Cosmetics Company. Through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. It is expected that stock in Big Name Cosmetics will rise dramatically at that point. Sally immediately buys a number of shares of her company's stock. She also tells her friend Alice about the expected purchase of stores. Alice wanted to purchase stock in the company but lacked the funds with which to do so. Although she did not have the funds in Bank A. Alice decided to draw a check on Bank A and deposit the check in Bank B and then proceed to write a check on Bank B to cover the purchase of the stock. She hoped that she would have sufficient funds to deposit before the check was presented for payment . Of which of the following offenses, if any, is Alice guilty of by buying stock?
A. She is guilty of insider trading because she tipped information.
B. She is guilty of an Insider trading violation because she traded on tipped information.
C. She is guilty of extortion.
D. She is guilty of larceny.
E. She is not guilty of any offense.
Answer:
A. She is guilty of insider trading because she tipped information
Explanation:
From the question, there was an
unlawful committed by Sally as a result of her giving an information about inside to Alice which was her friend. Giving away that confidential information may give room
to Intruders to tip off which leads to another unlawful act such as Check Kitting case, which can be regarded as theft as well as larceny and this brings about outsider having chance to get non-existing funds.
Suppose Stan owns a piece of property with a large lake. Initially, Stan and his family were the only people who swam in the lake. Then Stan started selling tickets to people who wanted to go swimming in the lake. When Stan died, he left the lake and the land it was on to the state, stipulating that the lake be left open to the public for swimming. Due to the lake’s remote location, it was never crowded. After Stan died, the lake became a ______ good.
Answer:
public
Explanation:
A public good is a good that is non excludable and non rivalrous.
An individual's access to the pool does not limit another person's access
Also, the pool is free, so it is non excludable
Before his death, the pool was a private good
A private good is a good that is excludable and rivalrous.
General Snacks is a typical firm in a market characterized by the model of monopolistic competition. Initially, the market is initially in long-run equilibrium, and then there is an increase in demand for snacks. We expect that: Group of answer choices in the long run, new firms will enter the market. there will be a short-run increase in the number of firms, but in the long run the number of firms will return to the original level. firms will leave the market in the long run. firms will shut down, but they will not leave the industry in the long run.
Answer:
Firms will leave the market in the long run.
Explanation:
Firms will leave the market in the long run.
Generally, the new firms enters in the market because the incumbent firms makes super normal profit. So in the long run, the continuous entry of firms will make the profit zero. Thus, when there is zero profit in the long run then the firms will start leaving the market and the demand for remaining firms will start rising because when firms start leaving the market then supply falls.
In your own words define the term accounting and its usage.
Answer:
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position and cash flows.Products produced in a competitive market are
differentiated
unique
standardized and differentiated
standardized
Answer:
Standardized
Explanation:
Firms that are purely competitive provide a standardised (same or homogenous) product. Consumers will be unconcerned about whose vendor they acquire the goods from as long as the pricing is the same.
Monopolistically competitive companies make a typical profit in the long run since entrance into the market is easy. The sort of goods supplied distinguishes oligopoly from perfect competition.
1. If average fixed cost is 40 and average variable cost is 80 for a given output, we then know that average total cost is
Answer:
120
Explanation:
Average total cost = average fixed cost + average variable cost
average fixed cost = Total fixed cost / quantity
40 + 80 = 120
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
average variable cost = total variable cost / quantity
Variable costs are costs that vary with production. Hourly wage costs and payments for production inputs are examples of variable costs
A company factored $45,000 of its accounts receivable and was charged a 3% factoring fee. The journal entry to record this transaction would include a: A. Debit to Cash of $45,000, a debit to Factoring Fee Expense of $1,350, and credit to Accounts Receivable of $43,650. B. Debit to Cash of $45,000 and a credit to Accounts Receivable of $45,000. C. Debit to Cash of $43,650, a debit to Factoring Fee Expense of $1,350, and a credit to Accounts Receivable of $45,000. D. Debit to Cash of $46,350 and a credit to Accounts Receivable of $46,350. E. Debit to Cash of $45,000 and a credit to Notes Payable of $45,000.
Answer:
C. Debit to Cash of $43,650, a Debit to Factoring Fee Expense of $1,350, and Credit to Account Receivable of $45,000
Explanation:
Assuming the company factored the amount of $45,000 of its ACCOUNTS RECEIVABLE and was charged a 3% FACTORING FEE. The appropriate journal entry to record this transaction would include a:Debit to Cash of $43,650, a Debit to Factoring Fee Expense of $1,350, and Credit to Account Receivable of $45,000
Debit Cash $43,650
(97*$45,000)
Debit Factoring Fee Expense of $1,350
($3%*45,000)
Credit Account Receivable $45,000
Erin is a volunteer for the Red Cross and must go door-to-door seeking donations. Her strategy is to ask whoever answers the door for a donation of $50 right off the bat. If they agree, then she follows up with a second request for a $200 donation. She has found that this works better than simply asking for a $200 right away. Which formula sales presentation format does this demonstrate
Answer:
foot-in-the-door
Explanation:
Foot-in-the-door can be described as a method that people use to get another person to agree to their big request by first having them agree to a smaller one. The way this tactic works is the person making the request would first try to have a connection with the one that is to grant the request.
We can see Erin employ this tactic here. First she wants to ask for a smaller donation of 50 dollars, and when she gets her 50 dollar request, her next move would be to ask for a bigger donation. This technique is is used a lot to get people to be compliant with requests.
tahnk you !
On September 12, Vander Company sold merchandise in the amount of $6,000 to Jepson Company, with credit terms of 4/10, n/30. The cost of the items sold is $4,200. Vander uses the periodic inventory system and the gross method of accounting for sales. The journal entry or entries that Vander will make on September 12 is (are):
Answer and Explanation:
The journal entry is shown below:
Accounts receivables Dr $6,000
To Sales $6,000
(To record sales on account)
Here account receivable is debited as it increased the assets and credited the sales as it also increased the sales revenue
Therefore the above journal entry should be recorded
Which of the following choices is associated with socialism?
Karl Mars
free market
private ownership of property
Adam Smith
Answer:
Karl Mars
Explanation:
Socialism can be defined as an economic, social and political theory which asserts that the method of exchange, distribution, as well as the means of production of goods and services and ownership of properties should be controlled or regulated by the public (government) rather than the private sector. Thus, everyone living in the society has an equal share of the means of production used in producing the goods and services.
Under socialism, key industries are owned or controlled by the government. Some examples of socialist countries are Vietnam, Cuba, China, etc.
Karl Marx was a German sociologist, economist, philosopher, historian, author and political theorist. Marx was born on the 5th of May, 1818 in Trier, Germany and is famously known for his works on communism, socialism, and capitalism.
Karl Mars is the option which is associated with socialism because he believed all of human history was a struggle between rich and poor.
Which of the following represents a liability? 答案选项组 The obligation to pay interest on a five year note that was issued the last day of the current year. The obligation to distribute shares of a company's own common stock next year as a result of a stock dividend declared near the end of the current year. The obligation to pay for goods that a company expects to order from suppliers next year The obligation to provide goods that customers have ordered and paid for during the current year.
Answer:
The obligation to provide goods that customers have ordered and paid for during the current year.
Explanation:
In Financial accounting, liability can be defined as the amount of money being owed by an individual or organization to another.
Simply stated, liability is a debt being owed and as such it usually has "payable" in its account title on the balance sheet.
Generally, liabilities are recorded on the right side of the balance sheet and it comprises of financial informations such as warranties, bonds, loans, deferred revenues, mortgages, account payable etc.
Current liability can be defined as the short-term financial obligation such as debt (account payable) that is due to be paid in cash within one (fiscal) year or one operating cycle of a company, whichever is longer.
A company's current liability comprises of the following; dividends payable, short-term debts, account payable, notes payable, interest payable, wages payable, deferred revenues, income tax payable, etc.
An example of a liability is the obligation of a business firm (wholesaler or retailer) to provide goods or services that customers have ordered and paid for during the current year.
The option that represents a liability here is the obligation to provide goods that customers have ordered and paid for during the current year.
The last option is the correct answer to the question. A liability can be described as the legal duties that a business or an entity would owe to another party.
The last option agrees with this definition. This is because after the customers have ordered and made the payment for the goods that they need then the company that they paid to is obligated to provide the goods to them.
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It's very urgent
which of the following statements about corporation is true
1) they are more common then partnerships in the U.S.
2) they are the most inexpensive form of business to start.
3) they are very easy to start
4) all business debts are the personal responsibility of the owners
Answer: While not usual they can be held responsible for all business debts.
Explanation: If you pledge a asset as a collateral a creditor may be able to take said asset and sell it.
When Jorge became one of three final candidates for a managerial position with a large pharmaceutical company, the hiring manager scheduled a special meeting with him. The two talked about the stressful deadlines and heavy travel required of the position, as well as the compensation and benefits. Jorge appreciated that the hiring manager took the time to provide a(n) _________.
Answer:
Realistic job preview
Explanation:
Realistic Recruitment
This is made presents to outsiders with all good information without error or ommission.
Realistic Job Preview (RJP)
This is regarded as any attempt by the organization to give an accurate (both positive and negative) description of the relevant aspects of the job and organization. It is important because it gives an applicant realistic expectations about the job. This in turn should increase employee job satisfaction and reduce turnover.
Bardwell Manufacturing, Inc. began 15 years ago. The two co-owners now earn $300,000 per year each. Four supervisors earn $40,000 each annually and have been with the company for 10 to 11 years. Fifteen line employees earn a total of $300,000 and have been with the company from 2 months to 5 years. All employees are over age 21. The co-owners want to install a 15% money purchase plan and structure the plan in a way that maximizes their plan contributions. Which vesting schedule would be most appropriate for Bardwell
Answer:
3 year cliff
Explanation:
The most appropriate vesting schedule for Bardwell Manufacturing Inc is the 3 year cliff
12. One of the seven factors given to help minimize the chances of setting unfair wages and salaries is that a. If wages conform with the law, they are fair wages. b. A fair wage is whatever an employee is willing to accept. c. An employer's financial capabilities affect what constitutes a fair wage scale for that employer's employees. d. Avoiding the prevailing wage in the industry and community wage level.
Answer:
C. An employers financial capabilites affect what constitutes a fair wage scale for that employers employees
Explanation:
