Answer: Accounting equation
Explanation:
The accounting equation is a proposition or formula that accesses a company's assets by summing up it's equity and liabilities. It means that the equity of a company would equal it's assets minus liabilities.
Machvile Corporation can access properly the worth of Chancera Inc.'s by using the Accounting equation, weighing their assets and leaving out their liabilities.
Why does electronic commerce benefit small firms? Without e-commerce, small firms often lack the resources to expand beyond local markets. The government has committed significant resources to encourage small firms to go online. Small firms are often "tech savvy", which allows them to embrace innovations more quickly. Large firms have complex business plans that fail to direct investment toward the Internet.
Answer:
Without e-commerce, small firms often lack the resources to expand beyond local markets.
Explanation:
In Business, e-commerce can be defined as a business model which involves the buying and selling of goods or products over the internet.
Generally, e-commerce comprises of four (4) business models and these are;
1. Business to Business (B2B).
2. Business to Consumer (B2C).
3. Business to Government (B2G).
4. Consumer to Consumer (C2C).
Without e-commerce, small firms who predominantly lack the resources to expand beyond local markets unlike larger business firm wouldn't be able to grow and develop into penetrating global markets.
A business statistics course has 2 accounting majors, 4 finance majors, 6 marketing majors, and 8 insurance majors. Which one of the following is true if a pie chart was constructed to depict majors of students? Multiple choice question. The marketing slice would be three times as big as the accounting slice. The slice for accounting would represent 20% of the pie chart. The slice for insurance would make up more than half of the pie chart. The slice for marketing majors would be two times as big as the finance slice.
Answer: The marketing slice would be three times as big as the accounting slice.
Explanation:
The total number of majors are:
= 2 + 4 + 6 + 8
= 20 majors
The proportions of the majors are:
Accounting = 2 / 20 * 100% = 10%
Finance = 4 / 20 * 100% = 20%
Marketing = 6 / 20 = 30%
Insurance = 8 / 20 = 40%
Notice how marketing takes 30% and Accounting takes 10%.
Marketing will therefore take up three times as much slices as Accounting.
A company needs performance targets or objectives Group of answer choices to unify the company's strategic vision and business model. to prevent lower-level organizational units from establishing their own objectives. for its operations as a whole and for each of its separate businesses, product lines, functional departments, and individual work units. because they provide parameters for the company's strategy map. to help guide managers in deciding what strategic path to take in the event that a strategic inflection point is encountered.
Answer:
For its operations as a whole and also for each of its separate businesses, product lines, functional departments, and individual work units.
Explanation:
Strategic plan
This is simply refered to as the lays out of the future direction of a company, performance targets, and strategy.
Company Mission
This simply states the purpose to which a company is set up and its present business. it answer the questions of "Who we are, what we do, and why we are here?.
The Objectives
This is simply the performance target or output to be generated by an organization. They are known as the specific goals or results that management wants to achieve. They are important at all organizational levels, from the corporate level down to the operating level.
Eleonore and Henry form a partnership to operate a horseback-riding business. The two partners file a duly executed statement of authority indicating that only Eleonore has the authority to buy and sell horses on behalf of the partnership. James, a regular customer who was unaware of the statement of authority, asks Henry if he can buy one of the horses from the partnership. Henry agrees to sell James a horse. When Eleonore finds out about the sale, she is furious, and demands that Henry retrieve the horse from James. Is Henry's sale of the horse binding
Answer:
Yes, because Henry had authority to sell the horse
Explanation:
In the given scenario Henry had apparent authority to sell the horse.
Apparent authority is the ability of an agent to act on behalf of a principal even though this is not clearly stated out. It is as a result of a third party assuming the agent has such power.
James rightly assumed Henry had the power to sell the horse.
So the sale of the horse is binding on Eleonore.
Able Inc. sells a new product with a 2-year warranty. The company estimates that during the two years, the costs and related probabilities are: Year 1: $10,000 (20%) and $20,000 (80%); Year 2: $15,000 (50%); $25,000 (50%).The company's effective interest rate is 4%. Assuming the warranty costs are settled at the end of Years 1 and 2, calculate the estimated warranty liability using the expected cash flow method.
Answer: $35,798.82
Explanation:
Find the expected warranty costs and then discount them using the effective interest rate:
Year 1:
= (10,000 * 20%) + (20,000 * 80%)
= $18,000
Year 2:
= (15,000 * 50%) + (25,000 * 50%)
= $20,000
Estimated warranty liability is the present value:
= 18,000 / (1 + 4%) + 20,000 / (1 + 4%)²
= $35,798.82
Suppose that an economy consists of only two individuals. Jeremy has $1690 available to spend on goods. He decides to purchase $470 worth of produce from Michele in the current quarter. No other economic activity takes place during the current quarter. Using this information, answer the questions. For the current quarter, what is the economy's income?
Answer:
$470
Explanation:
The calculation of the economy income is given below:
Since $1,690 spend on goods and then he decided to purchase for $470 in order to generate it
So here we can see that there is one and only economic activity that took place at the present quarter that is of $470
Therefore the economy income is $470
Coronado Industries uses job order costing for its brand new line of sewing machines. The cost incurred for production during 2019 totaled $18000 of materials, $13000 of direct labor costs, and $8000 of manufacturing overhead applied. The company ships all goods as soon as they are completed which results in no finished goods inventory on hand at the end of any year. Beginning work in process totaled $12000, and the ending balance is $9000. During the year, the company completed 25 machines. How much is the cost per machine
Answer:
Cost per machine $1,680
Explanation:
The computation of the cost of the machine is given below:
Beginning work in process $12,000
Direct material $18,000
Direct labor $13,000
Overhead $8000
Less: Ending work in process -$9,000
Cost of goods manufactured $42,000
Divided by Unit 25
Cost per machine $1,680
hence,the same should be relevant
Choose the correct statement. A. A check is money because while it is in circulation the quantity of money increases by the amount of the check. B. Currency is money and credit cards are money because they are means of​ payment, but deposits are not money. C. Deposits are​ money, checks are not​ money, and credit cards are not money. D. A credit card is money because it allows you to take a loan at the instant you buy something.
Answer:
C. Deposits are money, checks are not money, and credit cards are not money.
Explanation:
Money can be defined as any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world. Thus, it's any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
In this context, the true and only correct statement is that, deposits are money, checks are not money because they are not a legal tender, and credit cards are not money because it's a plastic card used for e-commerce based on money being in the account of the holder.
In his speech the previous day, the new CEO had discussed his experience in the industry and his education. Carrie thought that the new CEO would do a great job given these characteristics, coupled with his good oratory skills and the fact that he just looked like a CEO. Carrie realized that she had been judging the new CEO in a manner consistent with the
Answer:
trait
Explanation:
Trait leadership means the personal attribute pattern that could be integrated and the same should be reflected the individual differences range also it foster the consistency leader effectiveness for different group and the organization situation
so as per the given situation, it is a trait leadership theory
The same should be considered and relevant
Carlos tiene $40.00 para gastar a la semana en almuerzos y copas de vinos. El precio de cada almuerzo es de $8.00 y el precio de cada copa de vino es de $4.00.
La siguiente tabla presenta la utilidad total de Carlos relacionada con los almuerzos y las copas de vinos.
Answer:
Carlos gastará $12.00 al día para almuerzos y copas de vino.
Metallica Bearings, Incorporated, is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $14 per share 10 years from today and will increase the dividend by 3.9 percent per year thereafter. If the required return on this stock is 11.5 percent, what is the current share price
Answer:
$69.08
Explanation:
Calculation to determine the current share price?
First step is to determine the price of the stock in year 9
P9=$14/(.115− .039)
P9=$14/0.076
P9=$184
Now let determine the Current price
P0=184.00/(1+.115)^9
P0=184.00/1.115^9
P0=184.00/2.6636
P0=$69.08
Therefore the current price is $69.08
Many organizations will apply for temporary permits that allow which of the following activities?
Sell alcohol to members in a private club.
Promote and enhance the sale of an alcoholic beverage on behalf of a brewer or winery.
. Offer in-store wine and beer samples.
• •
Sell alcohol at locations where beverages are not usually sold for on-premise consumption.
The correct answer is "Sell alcohol at locations where beverages are not usually sold for on-premise consumption."
Many organizations will apply for temporary permits that allow selling alcohol at locations where beverages are not usually sold for on-premise consumption.
This usually happens when the organization is having a special event in the company, a celebration, or any activity in which they are gathering many people. As part of their activities and options to entertain the guests, this company wants to sell alcoholic beverages because it is a good way to get some money.
So this could be special celebrations, tournaments, sports contests, festivals, expos & fairs, and some other event of a certain magnitude.
Which of the following best describes why consumers are price takers? A. Individual transactions are too small to have much impact on the market price. B. Many individuals lack the skills to negotiate prices. C. If consumers don't pay the price asked, the store will just sell the product to someone else. D. Consumers don't know what it costs to make most products.
Answer:
c
Explanation:
because it only makes sense to do it that way
Raj Patel's specialty pharmaceuticals packaging firm needs to be more agile in order to be competitive in the marketplace. Foregoing buying a full-service laboratory because of the investment and risk, Patel decides to form a ________ with a chemical firm in China that has a laboratory but lacks a packaging business. Each company brings a complementary capability to the other, allowing them to pursue mutual goals.
Answer:
strategic alliance
Explanation:
A strategic alliance in domain of business can be regarded as an arrangement between two companies
whereby the companies undertake a mutually beneficial project but even though they both undergo the project together, each of them will still retains their independence. This type of agreement can be regarded as been less complex and can be regarded as been less binding compare to a joint venture, whereby two businesses pool together resources so they can develop separate business entity.
ACME Home Loans is a private lender with a strict policy of limiting originations to conventional qualified mortgages with minimum loan amounts of $300,000. To ensure compliance with this policy, loan originators are instructed to refuse to accept applications from consumers who want loan amounts of less than $300,000, or who have debt-to-income ratios of 44% or more. This policy is:
Answer:
The correct option is e. Potentially unlawful under the disparate impact theory.
Explanation:
Note: This question is not complete as the options are omitted. The options are therefore provided to complete the question before answering the question as follows:
a. Not a violation of any federal fair lending law
b. Potentially unlawful under the disparate impact theory
c. An example of disparate treatment of consumers
d. Legal if there is no discriminatory intent
e. Potentially unlawful under the disparate impact theory.
The explanation of the answers is now provided as follows:
Basically, disparate impact theory relates to the USs labor law and can be described as employment, housing, and other practices that disproportionately affect one group of persons with a protected trait over another, despite the fact that laws implemented by employers or landlords are ostensibly impartial.
For this question, despite that no discrimination may be intended, lending regulations that hurt creditworthy people who are members of a protected class may be prohibited.
The lending rules outlined in this issue, for example, could have a negative impact on younger applicants, breaking the Equal Credit Opportunity Act's (ECOA) restriction on age-based discrimination.
Therefore, the correct option is e. Potentially unlawful under the disparate impact theory.
Do you think it would be ethical for a CPA to have someone else do for them what they are prohibited from doing by the AICPA Code of Professional Conduct?
Answer:
The description of the given question is described in the below section.
Explanation:
CPA is responsible for raising its opinion against another unethical conduct. An individual can't bear his/her responsibilities by enabling staff to act unethically besides stating that it is not a contribution to knowledge.Whether this is damaging to certain other persons as well as the organization stakeholder, this same CPA should take appropriate harsh measures against these employees.The plaintiff is a State A corporation that entered into a contract with the defendant under which the defendant agreed to manufacture and sell equipment to the plaintiff. The equipment is heavily regulated by the federal government. The plaintiff plans to sue the defendant for $1 million because the equipment does not conform to the contract specifications and does not operate properly. The defendant is incorporated in State B, but all of its facilities and offices are in State A. Would a federal district court have subject matter jurisdiction over the plaintiff's action
Answer: No, because all of the defendant's facilities and offices are in State A.
Explanation:
Following the information given in the question, a federal district court cannot have subject matter jurisdiction over the plaintiff's action.
In this case, there's no subject matter jurisdiction by the court as theres subject matter jurisdiction when there is full diversity of citizenship, and the amount of controversy is more tha $75,000.
Amartya is interviewing several candidates for a position at his firm. If he makes the right decision with the hiring choice, the firm will prosper, his superiors will look favorably on him, and Amartya will likely receive a promotion. However, if he makes a poor choice, the firm will suffer, and Amartya may even be demoted. When evaluating candidates for the position, Amartya will be primarily motivated by a need for:
Answer: Accurate knowledge
Explanation:
Recruiting personnel's into organization to handle task or fill in job role is difficult sometimes. Employers have complained about most employees not meeting what they want, while employees complain the processes involved are becoming much. Recruiting most be done well to meet an organization target else they'll keep recruiting, unless they are ready to train fresh or inexperienced intake which would take time.
For recruiters to get what they want when recruiting they most be on the lookout for the person who has an accurate knowledge on the job to be employed for, this helps avoiding mistakes.
The acquisition cost of a plant asset does not include multiple choice incidental costs, such as title fees, sales commissions, legal fees, and so on. repair costs resulting from damage to the plant asset while it was being unpacked. all normal and reasonable expenditures necessary to get the asset in place and ready for its intended use. costs incurred to modify or customize the new plant asset.
Answer:
The answer is ' repair costs resulting from damage to the plant asset while it was being unpacked'
Explanation:
The acquisition cost of a plant asset does not include repair costs resulting from damage to the plant asset while it was being unpacked. Why? - Because this doesn't lead to the improvement of the asset.
Acquisition costs comprise the commission paid, legal fees, cost of improving the assets and all necessary cost paid to get the assets running.
what factors affect the process of planning?
Answer:
Answer to the following question is as follows;
Explanation:
Several factors also influence the sort of planning application that must submit as well as the result of our planning permission.
Nature, animals, and biodiversity, as well as planning permission policies , Regulations, construction, and so on Statement of design, statement of design and accessibility, statement of design, statement of design, statement of design Environment Healthcare, Ecology
Rhonda is a procurement officer for the government and needs to hire a new plumbing company that she could pay a fixed price per year to get their services on demand. She sends out this request to a plumbing website where multiple plumbing firms respond with their prices. Rhonda will choose the lowest price offer. This is an example of what
Answer:
competitive bid.
Explanation:
This is an example of competitive bid.
Investigar:
¿Qué es la factura?
¿Qué es la Nota de venta?
¿En que momento se usa la factura?
¿En que momento se usa la nota de venta?
¿Por qué el bazar del barrio no da factura ni nota de venta?
CONVERSE CON EL SEÑOR DEL BAZAR DE SU BARRIO PARA CONOCER QUE DOCUMENTOS DEBE TENER PARA QUE EL FUNCIONAMIENTO DE SU NEGOCIO SEA LEGAL Y CORRECTO
La respuesta correcta para esta pregunta abierta es la siguiente.
Desafortunadamente, no especificas a qué país te refieres, ya que cada país tiene un régimen fiscal distinto, y los comercios están obligados a declarar impuestos de acuerdo a la legislación vigente en cada país.
Para poder responder a tus preguntas, lo haremos en términos generales ya que no mencionas cuál es tu país.
¿Qué es la factura?
La factura es el comprobante oficial al que obliga el gobierno, a través de la Secretaría de Hacienda y el Servicio de Administración Tributaria (SAT). La factura es el comprobante oficial que respalda la compra-venta de un artículo, producto o servicio, y donde se demuestra que se cobro el impuesto por la adquisición de la mercancía.
¿Qué es la Nota de venta?
La nota de venta es un comprobante de control interno que no tiene validez oficial para comprobar el consumo y el cargo del impuesto. La nota de venta sólo la ampara el mismo negocio que la elaboró, el sistema de administración tributario.
¿En que momento se usa la factura?
La factura se usa cuando se requiere elaborar un comprobante oficial que posteriormente pueda ser usado en la declaración mensual de impuestos o en la declaración anual, para que se puedan deducir los impuestos retenidos.
¿En que momento se usa la nota de venta?
Cuando sólo se quiere entregar un comprobante de compra, sin aplicar el impuesto al valor agregado.
¿Por qué el bazar del barrio no da factura ni nota de venta?
Porque probablemente es un pequeño comercio, y no está obligado a facturar. Sólo a dar comprobantes. Los pequeños comercios tributan o pagan impuestos de manera diferente. Son considerados pequeños contribuyentes y por lo regular se les asigna una cuota fija, siempre y cuando no rebasen una cantidad establecida por la autoridad hacendaria.
Platicando con el dueño de la papelería del barrio, él me comenta que el municipio sólo le pido una licencia de uso de suelo para que pueda operar su negocio. Esa licencia de funcionamiento tiene un costo único que debe ser renovad anualmente. El es pequeño comerciante y debe pagar una cuota fija de manera trimestral.
The business management department at a local university began posting all assignments and other class materials to a learning management course website instead of creating a packet or printed materials for students to purchase each term. The business management department is implementing a ________ innovation. Group of answer choices product reactive policy breakthrough process
Answer:
Process
Explanation:
From the question we are informed about The business management department at a local university which began posting all assignments and other class materials to a learning management course website instead of creating a packet or printed materials for students to purchase each term.
In this case, The business management department is implementing a process innovation.
A process innovation can be regarded as implementation of a new production as well as delivery method, it can also be implementation of improved production as well as delivery method. It encompass making a significant changes in techniques as well as the equipment or software that is been used in the production process.
Zippy had cash inflows from operations of $72,500; cash outflows from investing activities of $57,000; and cash inflows from financing of $35,000. The net change in cash was:
Answer:
$50,500 increase
Explanation:
Calculation to determine what The net change in cash was:
Using this formula
Net Change in Cash = Cash Flows from Operating Activities + Cash Flows from Investing
Activities + Cash Flows from Financing Activities
Let plug in the formula
Net Change in Cash = $72,500 + ($57,000) + $35,000
Net Change in Cash = $50,500
Therefore The net change in cash was:$50,500 Increase
The Unadjusted Trial Balance columns of a work sheet total $84,000. The Adjustments columns contain entries for the following: Office supplies used during the period, $1,200. Expiration of prepaid rent, $700. Accrued salaries expense, $500. Depreciation expense, $800. Accrued service fees receivable, $400. The Adjusted Trial Balance columns total is:
Answer:
$85,700
Explanation:
Calculation to determine what The Adjusted Trial Balance columns total is:
Unadjusted Trial Balance columns $84,000
Accrued salaries expense$500
Depreciation expense $800
Accrued service fees receivable $400
Adjusted Trial Balance columns total $85,700
Therefore The Adjusted Trial Balance columns total is:$85,700
A company is trying to set up proper internal controls for their accounts payable/inventory purchasing system. Currently the purchase order is generated by the same person who receives the inventory. Together the purchase order and the receiving ticket are sent to accounts payable for payment. What changes would you make to improve the internal control structure
Answer: I would relieve the responsibilities of person doing both generating purchase and receiving inventory
Explanation:
Receiving inventory and generating purchase are two separate task done in the accounting sector of an organization. Their activities can be really tasking especially when the organization is big and has a lot to deal with. For this present organization, the change I will effect is to relieve the responsibilities of person doing both generating purchase and receiving inventory, and assign them to just one, either of them, then get someone else to do the other task. This makes it easier and faster for both the organization and the personnel.
While traveling on a commercial bus line, a passenger was injured when some luggage fell on him. As required by applicable state law, the bus company's in-house attorney conducted an investigation and filed the required report with the state transportation department. The passenger subsequently filed a civil action against the bus company in federal district court, seeking compensatory damages for the injuries he suffered. During discovery, the passenger's lawyer served on the bus company a request for production of documents, including a request for the report that the bus company filed with the state. The bus company objected to the request for the report and refused to produce it on the grounds that the report was privileged and protected from discovery under the work product doctrine. It did, however, produce other documents that were requested. The passenger then filed a motion to compel production of the report. If the court finds that the bus company's claims of privilege and work product were not substantially justified, what orders must the court make relating to the passenger's request for production of the report
Answer: See explanation
Explanation:
In a situation whereby the attorney of the passenger tried resolving the dispute in good faith, then the bus company must be ordered by the court to produce the report as well as the payment of reasonable cost that was incurred in making the motion.
It should however be noted that such cost may not be awarded when the movant had filed the motion before obtaining the disclosure in good faith. Also, the cost with be given when the nondisclosure response of the opposing party was justified.
What is one TRUE statement about the stock exchange?
Answer:
Explanation:
For every seller, there has to be a buyer. For every buyer, there has to be a seller.The market determines the value put on a stock at least when the stock is on an exchange.There are many parameters used to determine if a stock should be bought or sold.Answer:
A. Each stock market is used to buy and sell stocks or shares of ownership in a company.
Explanation:
Edmentum 2022
nternal control systems are: Multiple Choice Developed by the Internal Revenue Service for all U.S. companies. Developed by the Securities and Exchange Commission for public companies. Required by Sarbanes-Oxley (SOX) to be documented and certified if the company's stock is traded on an exchange (a public company). Developed by the Small Business Administration for non-public companies. Required only if a company plans to engage in interstate commerce.
Answer:
Required by Sarbanes-Oxley (SOX) to be documented and certified if the company's stock is traded on an exchange (a public company).
Explanation:
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The purpose of internal controls is that companies use strong internal controls to guarantee that loss is eliminated as there's an accurate and reliable accounting system.
Basically, an internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.
Internal control systems are required by Sarbanes-Oxley (SOX) to be documented and certified if the company's stock is traded on an exchange (a public company).
Blossom Company purchased equipment on January 1 at a list price of $100000, with credit terms 2/10, n/30. Payment was made within the discount period. Blossom paid $3000 sales tax on the equipment and paid installation charges of $1500. Prior to installation, Blossom paid $3000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment
Answer:
the total cost of the new equipment is $105,500
Explanation:
The computation of the total cost of the new equipment is given below:
Total cost of the new equipment is
= Net price + Sales tax + Installation charges + Payment for concrete slab
= [$100,000 - ($100,000 × 2%)] + $3,000 + $1,500 + $3,000
= $105,500
Hence, the total cost of the new equipment is $105,500
