1. Accrual-basis: Accrual-basis accounting is a method of recognizing revenue and expenses when they are earned or incurred, regardless of when the cash is received or paid. It provides a more accurate picture of a company's financial position and performance.
For example, if a company provides services to a customer in December but does not receive payment until January, the revenue would still be recognized in December under the accrual-basis accounting.
2. Current ratio: The current ratio is a financial ratio that measures a company's ability to cover its short-term liabilities with its short-term assets. It is calculated by dividing current assets by current liabilities. For example, if a company has $100,000 in current assets and $50,000 in current liabilities, the current ratio would be 2:1, indicating that the company has twice as many current assets as current liabilities.
3. Current Assets: Current assets are assets that are expected to be converted into cash or used up within one year or the operating cycle of a business, whichever is longer. They include cash, accounts receivable, inventory, and prepaid expenses. For example, if a company has $50,000 in cash, $100,000 in accounts receivable, and $75,000 in inventory, the total current assets would be $225,000.
4. Chart of accounts: A chart of accounts is a categorized listing of all the accounts used in a company's accounting system. It provides a systematic way of organizing and classifying financial transactions. For example, a chart of accounts may include categories such as assets, liabilities, equity, revenue, and expenses, with specific accounts listed under each category, such as cash, accounts payable, retained earnings, sales, and salaries expense.
5. Control Procedures: Control procedures are policies and procedures implemented by a company to ensure the reliability and accuracy of its financial statements and safeguard its assets. They include internal controls such as segregation of duties, authorization and approval processes, and physical controls. For example, a control procedure may require that all expenditures over a certain amount be approved by a manager before payment is made.
6. Intangible assets: Intangible assets are non-physical assets that have value to a business but do not have a physical substance. They include assets such as patents, copyrights, trademarks, and goodwill. For example, a company may have acquired a patent for a unique technology, which would be recorded as an intangible asset on the balance sheet.
7. Amortization: Amortization is the process of allocating the cost of an intangible asset over its useful life. It is similar to depreciation for tangible assets. For example, if a company acquired a patent for $100,000 with a useful life of 10 years, the annual amortization expense would be $10,000 ($100,000 divided by 10 years).
8. Profit margin: Profit margin is a financial ratio that measures a company's profitability by expressing its net income as a percentage of its revenue. It indicates the proportion of each dollar of revenue that results in profit. For example, if a company has a net income of $50,000 and revenue of $500,000, the profit margin would be 10% ($50,000 divided by $500,000 multiplied by 100).
9. Bond premium: Bond premium is the amount by which the price of a bond exceeds its face value. It occurs when the bond's stated interest rate is higher than the prevailing market interest rate. For example, if a bond with a face value of $1,000 is sold for $1,050, the bond premium would be $50.
10. Debentures: Debentures are long-term debt instruments issued by companies to raise capital. They are unsecured and backed only by the creditworthiness of the issuing company. Debenture holders have a claim on the company's assets but do not have any specific collateral. For example, a company may issue debentures with a maturity of 10 years and a fixed interest rate to raise funds for expansion.
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why is enterprise important to a country ?
Answer:
New and improved products, services, or technology from entrepreneurs enable new markets to be developed and new wealth to be created. Additionally, increased employment and higher earnings contribute to better national income in the form of higher tax revenue and higher government spending.
Explanation:
here is your answer if you like my answer please follow
What does the curved line on this position vs speed graph indicate
Answer:
if the velocityis changing,then the slope is changing
Explanation:
thx
The potential financial loss that entrepreneurs are willing to take in a business is called a _____.
Which of the following is not necessary for project portfolio management (PPM)?
A- The project portfolio is misaligned
B- The organization has identified and communicate its mission, goals, and strategy
C-All program managers are on the project council
D-Members of senior management are on the project council
Project portfolio management (PPM) refers to the process of identifying, prioritizing, authorizing, managing, and controlling an organization's projects.
Project portfolio management is a term that refers to a set of business practices that an organization employs to decide which projects to work on, how to fund them, and how to allocate resources throughout the organization. Project portfolio management's main answer is that it provides an overview of the projects being undertaken by a company or organization.
The organization has identified and communicated its mission, goals, and strategy, which is a requirement for project portfolio management. Members of senior management are on the project council. It aids in the decision-making process and ensures that the project portfolio is in line with the organization's strategy.
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Which factors can affect a stock's price? Check all that apply.
RE
market performance
the company's financial health
the quantity products produced
location of the company
the economy
Who would be called upon to fix the following problem? The network at the U.S. embassy in Brazil has suddenly crashed.
Diplomatic Security Special Agent
information Management Specialist
Foreign Service Officer
economic Officer
An information management specialist would be the one to fix an issue with a network.
Sheridan Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1Established the petty cash fund by writing a check payable to the petty cash custodian for $225. 15Replenished the petty cash fund by writing a check for $220.30. On this date, the fund consisted of $4.70 in cash and these petty cash receipts: freight-out $96.00, entertainment expense $48.70, postage expense $41.70, and miscellaneous expense $32.50. 16Increased the amount of the petty cash fund to $325 by writing a check for $100.00. 31Replenished the petty cash fund by writing a check for $309.30. On this date, the fund consisted of $15.70 in cash and these petty cash receipts: postage expense $139.80, entertainment expense $96.40, and freight-out $71.80. (a) Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.)
Answer:
01-Aug
Dr Petty Cash $225
Cr Cash $225
15-Aug
Dr Freight Out $96
Dr Postage Expense $41.70
Dr Entertainment Expense $48.70
Dr Miscellaneous Expenses $32.50
Dr Cash Over and Short $1.1
Cr Cash $220
16-Aug
Dr Petty Cash $225
Cr Cash $225
31-Aug
Dr Postage Expense $139.80
Dr Entertainment Expense $96.40
Dr Freight Out $71.80
Dr Cash Over and Short $1.3
Cr Cash $309.30
Explanation:
Preparation of the petty cash transactions.
01-Aug
Dr Petty Cash $225
Cr Cash $225
(To Record Establishment of fund )
15-Aug
Dr Freight Out $96
Dr Postage Expense $41.70
Dr Entertainment Expense $48.70
Dr Miscellaneous Expenses $32.50
Dr Cash Over and Short $1.1
($220-$96-$41.70-$48.70-$32.50)
Cr Cash $220
(To Record Expenses)
16-Aug
Dr Petty Cash $225
Cr Cash $225
(To increase cash in fund )
31-Aug
Dr Postage Expense $139.80
Dr Entertainment Expense $96.40
Dr Freight Out $71.80
Dr Cash Over and Short $1.3
Cr Cash $309.30
($309.30-$139.80-$96.40-$71.80)
(To Record Expenses)
imagine braintly not allowing you to talk to a helping hand. yall doing too much that's why they think they the Kardashianios
Answer:
That's just how they are lol
Answer:
FOREALLL
Explanation:
1. His company makes professional-quality products that are accessible to the recreational angler.
2. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it.
3. To grow the company by 50% over the next five years
4. Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years.
5. Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down.
The company being able to make professional quality products which will be accessible to the recreational angler is a mission statement.
The correct option is option 1.
A mission statement can basically be defined as an action based statement which happens to declare the purpose of a particular organization or a company as well as how the organization happens to serve their customers.
This statement also sometimes includes a short description of the particular company, what the company does, as well as its objectives. The mission statement basically provides the clarity behind the intent as well as the purpose of the company as well as its products or services.
Hence, the correct option is 1.
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--The given question is incomplete, the complete question is
"Which of the following is a mission statement?
1. His company makes professional-quality products that are accessible to the recreational angler.
2. The company wants to provide a chance for every person to reach his or her highest fishing potential without sacrificing their retirement savings to do it.
3. To grow the company by 50% over the next five years
4. Her department plans to introduce 10 revolutionary new lures to the company's already exciting lineup of products over the next two years.
5. Project managers have the designs complete now and are working to streamline the production tools to maximize efficiencies and thus bring costs down."--
The management function that anticipates trends, then determines strategies and tactics to achieve them is:.
Planning corresponds to the management function that anticipates trends and determines strategies to achieve organizational goals and objectives.
PlanningIt is the identification of the strategy that will help a company to achieve its marketing objectives, be well positioned and competitive in the market.
Managers who will develop a company's strategic, tactical and operational planning must understand its set of values and resources and use them optimally in the form of specific actions to achieve efficiency that will make a company successful.
The correct answer is:
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GOOD MORNING! I REALLY NEED HELP AND WOULD BE FOREVER HAPPY! I WILL GIVE BRANLIEST. AT LEAST COME LOOK!!
2. Carmine bought a house. However, he later discovered that terms of the mortgage were not what he had been promised and the payments are going to be significantly higher than he agreed to. Which agency could help him resolve this issue?
A) The Treasury Department
B) The Internal Revenue System
C) The Federal Trade Commission
D) The Department of Housing and Urban Development
3. Which BEST describes when should a person begin estate planning?
A) whenever they acquire their own estate.
B) as soon as they have disposable income
C) when they have acquired some money and property
D) when a person is ready to take on adult responsibilities
Answer:
C. The Federal Trade Commission
B. As soon as they have disposable income
Explanation:
The Federal Trade Commission and as soon as they have extra money Nevertheless, he later realized that the mortgage's terms were not what he had been promised, and the payments would be substantially more than he had agreed to .therefore (C) and (B) are the right choices.
What do you know about Mortgage loan?A mortgage loan, often known as a simple mortgage is a loan that real estate buyers use to raise money to purchase real estate, as well as loans used by current property owners to borrow money for any purpose while enforcing a lien on the real estate being mortgaged.
Mortgage origination, a procedure, is how the loan is "secured" against the borrower's home. This means that, in the event that the borrower defaults on the loan or otherwise violates its terms,
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Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan...
Answer:
Rather than the borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan... doesnt make you go thourgh the cycle of interest.
Explanation:
Answer:
No, paying from a credit card is more preferable .
Explanation:
The borrower paying a small rate of interest in each cycle like with a credit card, the borrower using a payday loan :
No, since the interest charged by her credit card will be less than the interest charged by the payday lender. Usually, the sum given to you by the payday loan specialist is as of now net of interest. So, in the event that you connected for an advance of $100, you may be given a sum less than $100 but you still need to pay for $100. The brief span of time the payday lender has, it charges the next interest than that of a credit card. You merely pay interest on your credit card once you have an exceptional adjustment at the conclusion of the month to month cut-off. On the off chance that you pay off the entire extraordinary sum inside the cut-off, no intrigued will be charged.Know more :
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What are the purposes of financial regulations? Choose three answers. To make business competitive to enforce government intervention to limit and prevent monopolies to allow businesses to collaborate to ensure only one business can operate to place regulations on prices.
The purposes that financial regulations serves are:
to make business competitiveto limit and prevent monopoliesto place regulations on pricesFinancial regulations can be regarded as the body that oversee the behavior of the those involve in the market.
The carry out different activities such regulations on prices so that consumers and producer can enjoy the market.
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Answer:
A,C,F
Explanation:
what do you think about how the seniors of 2020 should have there graduation.
Answer:in our town what the seniors are doing is they drive up to the field in their cars and then one by one get out and walk the stage.
Answer:
^^
Explanation:
Which of the following is an internal factor?
A. Interest rates
B. Employment laws.
C. Employee turnover.
D. Economic recession.
Answer:
Your answer is: C) Employee turnover
Explanation:
what is the statement showing interest income from the internal revenue service?
A Form 1099-INT is a statement issued by the Internal Revenue Service (IRS) that shows interest income. This form is used to report interest income from a variety of sources.
such as savings accounts, certificates of deposit, bonds, and other investment instruments. If you received interest income from the IRS, such as interest on a delayed tax refund or an overpayment of taxes, the IRS will send you a Form 1099-INT to report it. The form shows the amount of IRS interest income you received during the tax year, which you must report on your tax return. Form 1099-INT is a critical document for taxpayers because it is used to calculate taxable income and tax liability. It To ensure that your tax return is accurate, keep accurate records of all interest income received, including interest income reported on Form 1099-INT from the IRS.
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Who do you think mergers help the most, consumers or the businesses that merge?
Mergers may improve product quality, which benefits consumers. For example, the merger of two start-up software companies could result in better quality products and faster time-to-market as the merged entity takes advantage of the research capabilities and facilities of their legacy companies.
consider the following scenario: most restaurants will supply a free dessert if it is the customer's birthday. assume that this is not specifically advertised by restaurants. is this an example of price discrimination?
Supply of a free desert on a customer's birthday not being specifically advertised can be regarded as an ideal example of price discrimination.
Price discrimination can be referred to or considered as a practice wherein an organization or the seller offers the same products to two different customers at differentiated prices, as a course of a biased behavior being expressed. It is not an ideal practice, and must be avoided by business organizations for a number of reasons that help in maintenance of the goodwill.
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PROBLEM: The Chicago Cubs play their home games at Wrigley Field, located in the Lakeview neighborhood of Chicago. A recent New York Times study concluded that the probability that a randomly selected Lakeview resident is a Cubs fan is 0.44.
(a) Interpret this probability as a long-run relative frequency.
Answer:
If a large Number of Lakeview residents are questioned, about 44% of them will be Club fans.
Explanation:
Reporting the probability outcome of a singular observation are usually reported as stated above, that the probability of a random sample of Lakeview resident being a club fan is 0.44%. However from a long run relative frequency approach, it requires just more Than one random sample but a large number of samples being evaluated over time.
Hence to expresa as a long run relative frequency, it could be stated as ; report gathered from many Lakeview residents, about 44% of them are Club fans.
What is pre instruction assessment?.
Pre-assessment gives instructors a means to gain crucial details about what students know and can perform before teaching, as well as about their interests and learning preferences. Pre-assessments may consist of activities to be completed using paper and pencil or maybe performance-based.
Before starting a learning activity, diagnostic tests, often called pre-assessments, give teachers insight into students' prior knowledge and beliefs. They also offer a starting point for determining how much learning has occurred when the learning activity is over.
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What superseded FASB standard No. 164 "Not-for-Profit Entities:
Mergers and Acquisitions," and what were the major changes that
occurred as a result?
FASB 164 “Not-for-Profit Entities: Mergers and Acquisitions” was superseded by ASU 2017-02 “Not-for-Profit Entities—Consolidation (Subtopic 958-810): Clarifying When a Not-for-Profit Entity That Is a General Partner or a Limited Partner Should Consolidate a For-Profit Limited Partnership or Similar Entity.”
This update was mainly made for not-for-profit entities. They were often uncertain about whether they needed to consolidate a for-profit limited partnership or a similar entity. The superseding standard aimed to clarify the scope of consolidation by providing more detailed guidance to NFP entities.ASU 2017-02 expanded on the requirements of FASB 164 and provided detailed guidance to NFPs on when to consolidate the for-profit limited partnership or a similar entity. The update simplified the reporting and accounting process for NFP entities.
The superseding standard also clarified when a not-for-profit entity should be considered a limited partner and a general partner in a for-profit entity. In addition to that, the ASU added a scope exception for not-for-profit entities that are not general partners but have an ownership interest in a for-profit entity. In a nutshell, the ASU clarified how NFP entities should treat their interest in limited partnerships and similar entities in their financial statements.Answer: ASU 2017-02 “Not-for-Profit Entities—Consolidation (Subtopic 958-810): Clarifying When a Not-for-Profit Entity That Is a General Partner or a Limited Partner Should Consolidate a For-Profit Limited Partnership or Similar Entity” superseded FASB 164 “Not-for-Profit Entities: Mergers and Acquisitions.
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the heart of operations management is the management of production systems. a production system uses to provide goods and services to the customer.
The heart of operations management is the management of production systems. a production system uses input, transformation and output to provide goods and services to the customer.
What is meant by operations management?This is the term that is used to refer to the way that business is being run in a way that efficiency would be increased for an organization. It tells us of the way that the business would convert materials and labor in a way that we would have goods and services.
We can conclude that the heart of operations management is the management of production systems. a production system uses input, transformation and output to provide goods and services to the customer.
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What are some of the tests that need to be conducted before putting up a business?
Explanation:
The product life cycle can be a tool used by companies to adapt their strategies from the stage of product development to its decline in the market and thus increase the chances of being well positioned and competitive in the market.
In the initial phase of development, this is where the project and ideas are aligned and research is carried out on business feasibility, planning, dissemination, potential audience, budget, etc.
The following represents the financial information for Domingo Corporation for two months:
March April
Sales revenue $ 490,000 $ 440,000
Costs Process inspection $ 1,650 $ 1,880
Scra 1,850 1,930
Quality training 19,800 13,000
Warranty repairs 4,300 4,800
Testing equipment 7,000 7,000
Customer complaints 2,800 3,400
Rework 17,000 18,500
Preventive maintenance 13,500 9,500
Materials inspection 6,500 4,800
Field testing 9,400 12,400
Calculate the ratio of the prevention, appraisal, internal failure, and external failure costs to sales for March and April. (Enter your answers as a percentage rounded to 1 decimal place (i.e., 32.1).
For March: Prevention cost ratio = 4.0%,Internal failure cost ratio = 6.1%, External failure cost ratio = 1.4%, For April: Prevention cost ratio = 3.0%, Appraisal cost ratio = 2.4%, External failure cost ratio = 1.6% .
To calculate the ratios of prevention, appraisal, internal failure, and external failure costs to sales, we need to sum up the costs in each category for both months and then divide them by the respective sales revenue. The formulas for the ratios are as follows:
Let's calculate these ratios for March and April:
For March:
Prevention cost ratio = (19,800 / 490,000) * 100 = 4.0%
Appraisal cost ratio = (1,650 + 1,850 + 6,500) / 490,000) * 100 = 2.7%
Internal failure cost ratio = (17,000 + 13,500) / 490,000) * 100 = 6.1%
External failure cost ratio = (4,300 + 2,800) / 490,000) * 100 = 1.4%
For April:
Prevention cost ratio = (13,000 / 440,000) * 100 = 3.0%
Appraisal cost ratio = (1,880 + 1,930 + 4,800) / 440,000) * 100 = 2.4%
Internal failure cost ratio = (18,500 + 9,500) / 440,000) * 100 = 6.1%
External failure cost ratio = (4,800 + 3,400) / 440,000) * 100 = 1.6%
The ratios rounded to 1 decimal place are as follows:
For March: Prevention cost ratio = 4.0%, Appraisal cost ratio = 2.7%, Internal failure cost ratio = 6.1%, External failure cost ratio = 1.4%
For April: Prevention cost ratio = 3.0%, Appraisal cost ratio = 2.4%, Internal failure cost ratio = 6.1%, External failure cost ratio = 1.6%
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What is an example of form utility
Strategists should: Select one: a. Understand the nature of principal-agent and principal-principal conflicts to create better governance mechanisms. b. Develop firm-specific capabilities to differentiate on governance dimensions. c. Understand the rules, anticipate changes, and be aware of differences, especially when doing business abroad. d. All of the above.
Answer:
d. All of the above.
Explanation:
A strategist can be defined as any individual who is knowledgeable, intuitive, brilliant, intelligent in planning the best way to achieve aims, goals and overwhelming success in a particular task or area. They are very good at strategizing the best way to gain advantage in real life situations.
Generally, a strategist should be very good at setting goals, identify the best to achieve these goals and using available resources to execute his plans.
Hence, a strategists should:
a. Understand the nature of principal-agent and principal-principal conflicts to create better governance mechanisms.
b. Develop firm-specific capabilities to differentiate on governance dimensions.
c. Understand the rules, anticipate changes, and be aware of differences, especially when doing business abroad.
Also, a strategist should use his knowledge about corporate governance in answering the four (4) fundamental questions in strategy, which are;
- Why are we (organization) here?
- What do we (organization) stand for?
- Where are we heading (mission and vision)?
- How do we get their (goals)?
Coronado, Inc. makes high-quality swimsuits. During the year, the company produced 720 suits, using 904 yards of material, and the company purchased 806 yards of material for $4,655. The direct materials standard for the swimsuits allows 1.15 yards of material at a standard price of $4 per yard.
Calculate Coronado’s direct materials quantity variance for the year. (If variance is zero, select "Not Applicable" and enter 0 for the amounts. Round answer to 0 decimal places, e.g. 15.)
Coronado, Inc.'s direct materials quantity variance for the year is 76 yards. This variance is calculated by subtracting the standard quantity allowed from the actual quantity used.
To calculate Coronado, Inc.'s direct materials quantity variance, we need to compare the actual quantity of materials used with the standard quantity allowed for the production of 720 suits.
The standard quantity allowed = Standard quantity per unit * Number of units produced
Standard quantity allowed = 1.15 yards/suit * 720 suits = 828 yards
Direct materials quantity variance = Actual quantity used - Standard quantity allowed
Direct materials quantity variance = 904 yards - 828 yards = 76 yards
Therefore, Coronado, Inc.'s direct materials quantity variance for the year is 76 yards.
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How education is medium to enhance the ability of human beings?
6. Identify a change in technology during each of the time periods in history below that you believe improved the
way marketing activities were completed. List the example and explain how it contributed to marketing during
that time.
(a) 1900s to 1930s
(b) 1930s to 1950s
(c) 1950s to 1980s
(d) 1980s to today
Answer:
Answer:
Prior to the 1950s, the production orientation generally held true due to the growing numbers of affluent and middle class people that capitalism had created.
Say’s Law states that the “production of commodities creates, and is the one and universal cause which creates, a market for the commodities produced”.
The emphasis of firms adopting a production orientation of marketing would have been based on the theory of economies of scale, which are the cost advantages that an enterprise obtains due to expansion.
When pan-frying food, be sure the oil
A. comes one-half to two-thirds up the side of the food.
B. lightly coats the bottom of the pan.
C. comes within an inch of the top of the pan.
D. covers the food entirely. When pan-frying food, be sure the oil
Student Answer: B
Incorrect on Pennfoster.
Answer:
B. lightly coats the bottom of the pan.
Explanation:
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