Monthly bank reconciliations are NOT a control that generally is established over cash transactions. A bank reconciliation is a procedure that compares a company's accounting records to its bank statement.
This comparison helps to identify differences between the two accounts that may be due to errors or omissions. A bank reconciliation is a document that compares a company's internal financial records to its bank statement. This process ensures that the company's accounting records are accurate, that all transactions have been recorded, and that no fraudulent activity has taken place.
A bank reconciliation works by comparing the balance of a company's internal financial records to the balance of its bank statement. Any differences between the two balances are identified, and adjustments are made to the company's accounting records to reflect the correct balance. The following are controls that are generally established over cash transactions: Depositing each day's cash receipts daily. Separating cash handling from recordkeeping. Decentralizing receiving of cash to the extent practical. Monthly bank reconciliations are NOT a control that generally is established over cash transactions.
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David left $300 in an account that earns 5% interest on
the money he originally deposited. When he collected his
interest, he had earned $60 in interest. How long did he
leave the money in the account?
The amount of time that David did not touch the funds in the account is equal to four years.
Can you explain the concept of earned interest?A person who invests a certain sum of money for a predetermined length of time is entitled to receive a predetermined amount of money on a regular basis as interest on that investment.
The initial investment is equal to $300 (p).
The time, or T, equals X.
The rate of interest yield, denoted by (R), is equal to 5%.
$ 60 is equivalent to simple interest (SI).
Applying the calculation method;
SI = P×T×R/100
Transform T into the focus of the formula;
T = SI×100/P*R
T= 60×100/300×5
T= 6000/1500
T equals four years.
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Which element of design can be used to create emphasis or de-emphasis on a garment? a space b shape c line d texture please answer this question before moving on.
Emphasis is the phase of the format that catches the viewer's attention. Usually the artist will make one area stand out by using contrasting it with other areas.
The location should be one-of-a-kind in size, color, texture, shape, etc. Movement is the course the viewer's eye takes through the work of art, often to focal areas.
How do you create emphasis in design?Three factors of art: color, value, and texture, are beneficial in creating emphasis through contrast. Using texture in solely one spot or placing a light object in an otherwise dark environment will attract the interest of the viewer.
What system is used for emphasis?Still, specially for academic writing, italics or underlining is the favored way to emphasize phrases or phrases when necessary. Writers generally choose one or the different approach and use it constantly throughout an person essay. In the final, posted version of an article or book, italics are generally used.
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hospitals
drug stores
medical clinics
schools
manufacturing labs
Answer:
could be 3 of those answer choices
-hospitals
-drug stores
medical clinics
Explanation:
Answer:
1 2 3
Explanation:
I NEED HELPPPP! I need a 5 paragraph essay thats due on nov 17 2022 about finance. Word limit is 900
P7-1: Dime a Dozen Diamonds makes synthetic diamonds by treating carbon. Each diamond can be sold for $170. The materials cost for a synthetic diamond is $110. The fixed costs incurred each year for factory upkeep and administrative expenses are $1,250,000. The machinery costs $1.21 million and is depreciated straight-line over 10 years to a salvage value of zero.
a. What is the accounting break-even level of sales in terms of number of diamonds sold?
b. What is the NPV break-even level of sales assuming a tax rate of 35%, a 10-year project life, and a discount rate of 12%? (Do not round intermediate calculations. Round your final answer to the nearest whole number.)
In terms of diamond sales dollars, the accounting break-even point is $200,040. We must take into consideration the expenses and income related to generating.
The diamonds in order to determine the accounting break-even level of sales in terms of the quantity of diamonds sold. The annual fixed costs, which include administrative and manufacturing maintenance costs, total $200,000.
The equipment also costs $1 million and depreciates straight-line over ten years to zero salvage value. Accordingly, the machinery's annual depreciation cost is calculated as $1 million divided by 10, or $100,000. The materials cost, which is $40 per diamond, is the variable cost. $100 is the selling price per diamond. To determine the sales level necessary for accounting break-even.
We must determine the point at which total revenue equals total expense in order to determine the accounting break-even level of sales in terms of the number of diamonds sold. Fixed costs and variable costs per diamond make up the total cost.
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Is depreciation considered a period cost?
YES: Depreciation is a period cost, yes. Depreciation is indeed a fixed expense because it occurs at the same rate every period throughout the duration of an asset's useful life.
Explain about the depreciation?Period costs all are expenses that are not accounted for in product costs. The production method is not directly related to period costs. Period costs include overhead and sales, general, including administrative (SG&A) expenses.Depreciation is really a fixed expense because it occurs at the same rate every period throughout the duration of an asset's useful life. Since depreciation is independent of activity volume, it cannot be categorized as a variable cost. There is one exception, though. A business will suffer depreciation in a manner that is more similar to a variable cost if it uses a usage-based depreciation model.Depreciation is therefore always regarded as a product cost for the purposes of external financial reporting in a manufacturing organization.
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1. A cylinder contains600cc of ideal gas at 27°C and 650mm of pressure At constant pressure, the
volume of gas at 0°C is
(1 Point)
273cc
546cc
819cc
1365cc
Answer:
\(546\ \text{cc}\)
Explanation:
\(V_1\) = Initial volume of gas = 600 cc
\(V_2\) = Final volume of gas
\(T_1\) = Initial temperature of gas = \((27+273.15)\ \text{K}\)
\(T_2\) = Final temperature of gas = \((0+273.15)\ \text{K}\)
We know that
\(V\propto T\)
So
\(\dfrac{V_2}{V_1}=\dfrac{T_2}{T_1}\\\Rightarrow V_2=V_1\dfrac{T_2}{T_1}\\\Rightarrow V_2=600\dfrac{0+273.15}{27+273.15}\\\Rightarrow V_2=546\ \text{cc}\)
The volume of gas at the given temperature is \(546\ \text{cc}\)
list your personal interest
Answer:
my interest is to reach conqueror in pubg mobile
why would it be cheapter to have pullition credits compared to reducing pollution units microeconomics
When Company A stops emitting pollution or lowers air pollution, a pollution credit may be created.
The federal Clean Air Act of 1990 (CAA) gave businesses a mechanism to comply with rules meant to reduce air pollution through the creation of pollution credits. Since 1995, a "cap and trade" system developed by the Environmental Protection Agency (EPA) and other states has given utilities and businesses permission to emit a set amount of particular pollutants. While assisting in upholding the requirements necessary to preserve cleaner air, this approach gives businesses considerable flexibility in their compliance. By voluntarily lowering its polluting emissions below the EPA's set limitations, a business can obtain pollution credits. After then, earned credits can either be sold to another business that struggles to keep its emissions within legal bounds or stored for later use.
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What did you learn from writing the assignments in this course
and why do you think I made
them so different from the lecture material (No, it is not to mess
with you)? (20 Marks)
In writing the assignments in this course, I have learned the importance of critical thinking, independent research, and effective communication skills. I believe the assignments were made different from the lecture material to encourage students to engage with the material in a more active and independent way.
Through analyzing and synthesizing information from various sources, I have been able to deepen my understanding of the course material and apply it to real-world situations. Additionally, the assignments have allowed me to hone my writing skills and improve my ability to clearly and concisely convey my ideas.
By requiring us to do our own research and draw our own conclusions, we are forced to think critically and develop our own ideas rather than simply regurgitating information from the lectures.
This approach not only deepens our understanding of the material, but also prepares us for real-world situations where we will need to think independently and solve problems on our own. Furthermore, the assignments also help us to develop important skills such as time management, organization, and effective communication.
By giving us a variety of different types of assignments, we are able to practice these skills in different contexts and become more well-rounded and effective learners. Overall, I believe that the assignments in this course are an essential component of our learning experience and have helped me to develop a range of important skills and competencies.
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The most important difference between spot markets vs. futures markets is the maturity of the instruments that are traded. Spot-market transactions involve securities that have maturities of less than one year, whereas futures-market transactions involve securities with maturities greater than one year
Both Nasdaq sellers and "specialists" at the NYSE maintain inventories of stocks.
Capital marketplace transactions contain best-favored stock or common inventory.
If well-known electric powered were to have difficulty with new inventory this 12 months, this will be considered a secondary marketplace transaction because the business enterprise already has inventory awesome.
The spot marketplace or cash marketplace is a public economic market in which financial devices or commodities are traded for instant transport. It contrasts with a futures market, wherein transport is due at a later date.
the reintroduction of commodity futures in India within the present day form in 2002–2003 numerous tendencies in era and institutional arrangements have taken location. Futures markets resource in price discovery for future needs and additionally facilitate hedging.
If one desires to facilitate danger control and the rate discovery system, the spot and futures markets need to be nicely integrated; handiest then can the hedging characteristic paintings effectively. questions on the extent of integration of the spot and futures markets in India have existed on the grounds that 2002–2003; this discussion tries to higher apprehend the extent of integration of the markets.
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At which point in the accounting cycle should an accountant prepare a trial
balance?
A. Just before preparing financial statements
OB. At any point he or she chooses
OC. At the end of the cycle only
D. At the beginning of the cycle only
At the end of the cycle only in the accounting cycle should an accountant prepare a trial balance. The correct option is C.
Why do accountants prepare a trial balance?A trial balance's purpose is to ensure that all entries made to an organization's general ledger are properly balanced. Each general ledger account's ending balance is listed in a trial balance. Each accounting entry's total dollar amount of debits and credits is supposed to match.
The trial balance is created after all transactions in the ledger accounts have been recorded. All ledger account balances to the credit and debit sides are recorded in the trial balance. It is typically prepared at the end of the fiscal year, prior to the preparation of final accounts.
Thus, the ideal selection is option C.
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what technological and economic factors combined to lead to the explosive growth of american cities during the urbanization period?
The explosive growth of American cities during the urbanization period was driven by a combination of technological and economic factors. The development of industrialization and the growth of railroads led to the emergence of large manufacturing industries in cities, such as steel production, textiles, and food processing.
These industries provided employment opportunities to a large number of people and created a demand for more goods and services, leading to increased urban population growth. Finally, the availability of credit, the emergence of large financial institutions and the development of efficient transport networks all played a key role in the economic development of cities.
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A fan base is, in most ways, quite similar to a customer base.
A. False
B. True
If a country did not participate in international trade, Group of answer choices it's production possibilities frontier is also its consumption possibilities frontier. interdependence is greater than would be the case with trade. it is better off because it will have to learn to be self-sufficient without trade. it can still benefit from international specialization.
Answer:
it's production possibilities frontier is also its consumption possibilities frontier
Explanation:
The production possibilities frontier shows the various combinations for the two goods an economy can produce when all its resources are fully employed.
The consumption possibility frontier, is the budget constraint where participants in international trade can consume. When a country doesn't participate in trade, it is this constraint identical to the the production–possibility frontier
WILL GIVE BRAINLIEST
Select the correct answer from the drop-down menu.
Which type of college credit program does the statement describe?
In a(n) _______ program, students can get credit for their high school classes as long as they take specific courses that a college will accept as transfer credits at the college level.
options:
A. INTERNATIONAL BACCALAUREATE
B. ADVANCED PLACEMENT
C. DUAL CREDIT
D. ARTICULATED CREDIT
Answer:
D.
Explanation:
Articulated credit let's you get credit from high school and transfer it to college.
Answer:
Its B
Explanation:
got it right
which of the following is the best example of social regulations?
a. inflation rate regulations
b. anti-trust legislation
c. health and safety standards
d. regulations against price gouging
Answer:
Explanation:
The answer is C
Answer:
Health and safety standards
Explanation:
I just got it correct on the test!!!
characteristics of mbo include a. improving communication by centralizing decision making b. a detailed roadmap for implementation c. all the above d. systematic and organized
The characteristics of Management by Objectives MBO include being systematic and organized, providing a detailed roadmap for implementation, and improving communication by centralizing decision making. Therefore, the correct option is C. all the above.
Management by Objectives (MBO) is a management strategy that entails setting objectives for departments, teams, and individuals within a company to ensure that everyone is working toward the same goals. It is a technique for defining objectives that link organizational goals to individual objectives and measures progress against specific objectives over a defined period of time. MBO provides a detailed roadmap for implementation and promotes collaboration by centralizing decision-making. MBO has a systematic and organized approach to achieving organizational goals and objectives, and it is not a top-down strategy; instead, it encourages employee involvement and input into objective-setting and performance evaluation processes.
Therefore, the answer is C. all the above.
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Which of these would be most likely to be included in CPI
Answer:
Frozen Pizzas
Explanation:
Info from the video:
"To calculate this index, the US Bureau of Labor Statistics uses a predetermined fixed basket of goods and services and averaging them together. The goods and services in this basket are developed from a survey of expenditures provided by individuals and families in a typical urban household."
Frozen pizza is an expenditure that could be bought by individuals and families in a household.
Product A has a sales price of $10 per unit. Based on a 10,000-unit production level, the variable costs are $6 per unit and the fixed costs are $3 per unit. Using a flexible budget for 12,500 units, what is the budgeted operating income from Product A?
Answer:
$20,000
Explanation:
Flexible budget is a type of budget that is adjusted for varied volume of output in order to arrive at a more realistic value.
In this scenario , unit sales price and the variable cost of product A will be used to calculate the sales turnover of the 12,500 units of product a and the corresponding variable cost. However , the fixed cost being unchanged during over the production period , remain the same that was used for the production of 10,000 units of product A.
Workings
Sales Revenue 12,500*10 125,000
Variable cost 12,500*5 ( 75,000)
Fixed cost 10,000*3 ( 30,000)
Operating income 20,000
27. Many organizations do not have a formal trouble reporting system. Why do you think this is the case?
Many organizations may not have a formal trouble reporting system for several reasons. One primary factor could be a lack of awareness regarding the benefits of such a system. Organizations might underestimate the importance of tracking and resolving issues in a systematic manner, which could lead to inefficiencies and dissatisfaction among employees and stakeholders.
Another reason could be the perceived complexity and cost associated with implementing a formal trouble reporting system. Organizations might assume that setting up such a system requires significant resources, both in terms of time and financial investment. This perception might discourage them from establishing a systematic approach to handling issues. Additionally, some organizations may rely on informal methods of reporting trouble, such as personal communication or ad hoc meetings, believing that these are sufficient for addressing problems. In reality, these methods may not be as effective as a formal system in terms of providing transparency, accountability, and traceability. Lastly, organizational culture and resistance to change could also play a role. Employees and management might be accustomed to existing processes and resistant to adopting new systems, especially if they believe that current methods are working well.
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A bond has a $1,000 par value, 20 years to maturity, and an 8% annual coupon and sells for $1,110. a. What is its yield to maturity (YTM)? Round your answer to two decimal places. C% b. Assume that the yield to maturity remains constant for the next five years. What will the price be 5 years from today? Do not round intermediate calculations. Round your answer to the nearest cent.
a) The yield to maturity (YTM) is approximately -0.53%.
b) The price of the bond 5 years from today would be approximately $1.70.
a. To calculate the yield to maturity (YTM), we can use the formula:
YTM = (Annual Coupon + (Par Value - Price) / Years to Maturity) / ((Par Value + Price) / 2)
The annual coupon is 8%, the par value is $1,000, and the price is $1,110, we can plug these values into the formula:
YTM = (0.08 + (1000 - 1110) / 20) / ((1000 + 1110) / 2)
YTM = (0.08 + (-110) / 20) / ((1000 + 1110) / 2)
YTM = (0.08 - 5.5) / (2050 / 2)
YTM = -5.42 / 1025
YTM ≈ -0.0053
Therefore, the yield to maturity (YTM) is approximately -0.53%.
b. To calculate the price after 5 years, we can use the formula for the present value of a bond:
Price = (Annual Coupon / Yield to Maturity) * (1 - (1 / (1 + Yield to Maturity)^(Years to Maturity)))
The annual coupon is 8%, the yield to maturity is -0.53%, and the years to maturity is 20,
Price = (0.08 / -0.0053) * (1 - (1 / (1 - 0.0053)^(20)))
Price ≈ (15.09) * (1 - (1 / 0.89586716))
Price ≈ 15.09 * 0.113
Price ≈ $1.70
Therefore, the price of the bond 5 years from today would be approximately $1.70.
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a method for managing pollution in which a limit is placed on emissions and businesses or countries can by and sell emissions allowances
A method for managing pollution in which a limit is placed on emissions and businesses or countries can by and sell emissions allowances is Cap and trade .
What does the term "cap and trade" mean?
A "cap" on maximum emissions is imposed under the cap-and-trade system, which reduces the total emissions from a number of emitters.
It is said to as a market-based approach that aims to lower total pollutant emissions and promote corporate investment in fossil fuel substitutes and energy efficiency.
What does "cap and trade system" mean?
A government regulation scheme known as "cap and trade" aims to reduce or "cap" the overall level of certain chemical pollutants, primarily carbon dioxide emissions, that arise from industrial activity.
The argument put up by cap and trade proponents is that it is a preferable option to a carbon tax.
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what is medium level profession
Unit of account is the function of money: that provides a common measurement of the relative value of goods and services. that shows the acceptability of money in exchange for goods and services. that shows the portability of money. that shows the ability of money to hold value over time.
Answer:
a common measurement of the relative value of goods and services.
Explanation:
Money has three functions. they are :
1. Medium of exchange : this shows the acceptability of money in exchange for goods and services.
2. Store of value : that shows the ability of money to hold value over time.
3. Unit of account : a common measurement of the relative value of goods and services. money serves a means by which one can measure the value of goods and services. for example, if we are told the price of a shoe is $1,000 and the price of another shoe is $50. We know that the $1,000 is relatively more valuable when compared to the $50 shoes.
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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what kind of culture exists in firms that empower workers to make important decisions and to act on their own initiative?
A culture that fosters trust, transparency and accountability. is the kind of firm culture that empowers workers to make important decisions and to act on their own initiative.
Firm culture plays a crucial role in shaping the behavior and performance of employees. Companies that empower workers to make important decisions and act on their own initiative are often characterized by a unique culture that fosters innovation, creativity, and trust.
Firms that empower workers to make important decisions and to act on their own initiative often have a culture that values trust, transparency, and accountability. This culture helps to create an environment where employees are encouraged to take ownership of their work, contribute to the success of the organization, and take risks to achieve their goals.
Trust is a key aspect of this type of culture. When employees are given the autonomy to make decisions and take action, they must have the trust of their superiors and colleagues. Trust fosters a sense of responsibility and helps to create a collaborative environment where employees are encouraged to share their ideas and opinions.
Transparency is another important aspect of firm culture in companies that empower their workers. When employees are given access to information about the company's goals, strategies, and performance, they can make more informed decisions and take actions that align with the organization's objectives.
Transparency also helps to create a culture of open communication and collaboration, which can lead to improved performance and a more engaged workforce.
Accountability is also crucial to the culture of firms that empower their workers. When employees are given the autonomy to make decisions and take action, they are also held accountable for their decisions and actions. This helps to create a culture of continuous learning and improvement, where employees are motivated to take risks and experiment with new ideas.
In conclusion, a firm culture that empowers workers to make important decisions and act on their own initiative is characterized by trust, transparency, and accountability. This type of culture fosters a sense of ownership and responsibility among employees and encourages innovation, creativity, and risk-taking. It helps to create an engaged workforce and a more successful organization.
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which disaster management team member most likely engages to manage the aftermath of an accidental explosion in a fertilizer plant and evacuate the injured and uninjured victims from danger as first line of action?
The first line of action for disaster management following an accidental explosion in a fertilizer plant would be for the Emergency Response Team (ERT) to engage.
The ERT is composed of highly-trained and certified personnel who are responsible for dealing with hazardous materials, evacuating people from danger, and providing medical attention to the injured. They work quickly and efficiently to provide help and to minimize further damage.
The ERT will secure the area, assess the situation, and evacuate the injured and uninjured victims. They will also set up a command center to coordinate the activities and tasks of the different disaster response teams.
Additionally, they will contact the necessary personnel, such as the fire department and medical teams, to attend to the injured and help those in need. The ERT will also contact the local government and the media to inform them of the incident and provide necessary information.
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Which is a good rule to follow when sending business emails? (1 point)
Answer:
Avoid forwarding spam and unnecessary messages such as chain letters.
Explanation: did the test
The good rule that must follow at the time of sending business emails is to avoid forwarding spam and unwanted texts like chain letters.
What is email?An email, is also called as the electronic mail. It is one of the most extensively employed features of the Internet, that is mostly used in the formal business organizations.
It allows a person to transport and acquire messages from nay person in the globe that has an email account. Within the TCP/IP suite, email uses a variety of protocols.
When sending business emails, a good tip to follow is to avoid forwarding spam and undesirable texts like chain letters.
Therefore, the use of formal languages and proper formats made the emails more accurate.
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1. Suppose that incomes have fallen on average, and that the state of Florida had an extremely favorable growing season for its orange crop. How would we expect that this will affect the supply curve and why? (The supply curve can remain static, the supply curve can shift to the left, we do not have enough information to say, or the supply curve will shift to the right)
Due to severe weather and a disease that affects citrus fruit, Florida's orange harvest is anticipated to fall to its lowest level since before World War II. Orange juice costs would rise as a result of this further reducing the state's already meager supply.
Where Florida is Located?Florida is a state located in the southeast region of the United States. It is bordered by the Atlantic Ocean and Bahamas to the east and southeast, Georgia to the north, Alabama to the north and northwest, the Straits of Florida to the south, and the Gulf of Mexico to the west.
The Atlantic Ocean and the Gulf of Mexico both border this state, making it unique. With approximately 21 million residents and a land size of 65,758 square miles, Florida is the 22nd-largest state in the nation by both population and area (170,310 km2).
The Miami metropolitan area, which is funded by Florida, is the state's largest metro area even though Jacksonville is the largest city in terms of area.
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