Answer: Step 3: record transactions into the journal; Step 4: post entries into the ledger.
Explanation:
After we identify and analyze a transaction so that we know what accounts and journal it is to go to, we record the transaction in the relevant journal in the third step of the accounting process.
We then take those transactions and post it to the relevant ledger which shows all the transactions related to a certain account. These ledgers are called the "books of final entry" and it is from them that we are able to draw up the unadjusted trial balance.
Step 3: record transactions in the journal; Step 4: post entries into the ledger. Option (b) is correct.
The accounting cycle is a procedure created to make it simpler for business owners to account for the financial aspects of their operations.
The unadjusted trial balance, the worksheet, identifying transactions, entering transactions in a journal, posting, modifying journal entries, preparing financial statements, and closing the books are the eight processes of the accounting cycle.
Business owners receive thorough financial performance reports at the end of the accounting cycle, which are used to evaluate the company.
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A felon planned to break into the rental storage unit next to his that contained valuable electronic equipment. He went to a hardware store to purchase a crowbar. The proprietor sold him the crowbar even though he told her that he needed it to break into someone's storage unit. After the purchase, the felon went to the storage facility with his friend. The felon told the friend that he had lost the key to his storage unit and did not have time to contact the facility's manager, so they needed to break into the unit to get his equipment. Because the felon had a bad back, the friend pried open the door with the crowbar and carried the equipment out to the car. A silent alarm was triggered and the pair were apprehended shortly after leaving the facility. Can the proprietor and the friend be convicted as accomplices to larceny
Answer:
Yes.
The proprietor and the friend were accessories to the crime. They could have prevented it, but they did nothing. The friend even participated actively in the robbery.
Explanation:
In criminal law, an accessory to a crime refers to a person who knowingly and voluntarily participates in the commission of a crime, for example, breaking rental storage. They can be categorized as before the crime (the proprietor who sold the crossbar) or after the commission of the crime (the friend that facilitated the robbery). Accessories to a crime need not be actually present at the scene of the robbery to be held liable for this crime.
why do cellphone services providing firms often charge higher prices to pre paid than those on contract
Answer: Prepaid cost more because it has more perks than contract, it offers more to the customer's either in data or calls
Explanation:
Prepaid phone services are services that which requires you to pay an upfront for the plans you'll be using in either calling,browsing or texting
While contract has you to choose from monthly plans
Prepaid cost more because it has more perks than contract, it offers more to the customer's either in data or calls
Question 8 of 15
What is the value of a yearly compensation package that includes a $42,000
salary, the full cost of a $200-per-month health insurance plan, and the full
cost of a $35-per-month life insurance premium?
A. $42,620
B. $42,235
C. $44,435
D. $44,820
Answer:$44,820
Explanation:
A polycentric predisposition means: that Polynesian companies are more effective than companies from other cultures. individuals have a philosophy of management whereby strategic decisions are tailored to suit the cultures of the countries where the MNC operates. individuals have a way to look at multiple issues and make the same decision no matter what country they are working in. that people from more than two races can function better in international businesses.
Answer: individuals have a philosophy of management whereby strategic decisions are tailored to suit the cultures of the countries where the MNC operates.
Explanation:
The cultures and norms of the various countries of earth vary in certain aspects so we cannot expect a formula that works in a country to work in another country. There is a need to tailor what we are offering to the culture of the country we are offering it in for us to have a chance at selling our product.
This is what a polycentric predisposition is and it is very important and useful to Multinational companies that have to sell in various countries. For instance, McDonalds cannot sell beef in India but can sell it in the United States. They tailor made their burgers to reflect the values in both countries.
New orders are coming in quickly for SmartTech, and management is confident that new contracts will take them through the next couple of years. The company has started investing again, but not in people. The number of employees is the same as when the company and its competitors faced the Great Recession. Most likely due to ________________, the company is producing more product and services with less people. Multiple Choice
Answer:
Technological advancement
Explanation:
Technological advancement is a method that is used to make production process more efficient without increasing the labour that is used.
It involves the use of technology to increase efficiency of the production process.
This makes it possible for SmartTech to produce more product and services with less people.
They are investing more in technology than in human labour.
Annie must pay
v in taxes to the state
government on her investment.
She also must pay
v in taxes to the federal
government
As a result of the money she will lose to taxes, the real
value of Annie's profit is
Answer:
Annie must pay $200 in taxes to the state government on her investment. She also must pay $1,000 in taxes to the federal government. As a result of the money she will lose to taxes, the real value of Annie’s profit is $2,800.
Explaination:
I completed the assignment on Edge! These are the correct answers.
As a result of the money she will lose to taxes, the real value of Annie’s profit is 2800.
What is a taxes?Taxes are compulsory payments made by a government institution, if local, regional, or federal, to people or businesses. Tax money is used to finance government programs, as well as public infrastructure and services like highways and schools. Tax imposed by the government on the earnings of employees and indeed the profits of businesses, or a charge included in the price about some goods, services, and interactions.
State government tax will be determined as
=$4,000×5%
=$200
Taxes to the federal government will be determined as
Federal government tax will be determined as
=$4,000×25%
=$1,000
The real value of Annie’s profit will be determined as
Profit=$4,000-($200+$1,000)
=$4,000-$1,200
=$2,800
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The question is incomplete, the complete question is:
Annie invested in a set of stocks and made $4,000 in profit. She has learned that she will have to pay taxes on the profit she has made. Here are the tax rates affecting Annie’s investment: State tax: 5% Federal tax: 25% Annie must pay in taxes to the state government on her investment. She also must pay in taxes to the federal government. As a result of the money she will lose to taxes, the real value of Annie’s profit is
Christopher is a licensed sales agent sponsored by Coastal Realty in Corpus Christi, Texas. Jose has been a real estate broker in Playa del Carmen, Mexico, for five years. In that time, Mexico has not required any kind of license or registration to engage in brokerage activity. Christopher has clients interested in purchasing property on the Gulf Coast of Mexico. Christopher has referred his clients to Jose. Can Christopher accept compensation from Jose for referring his clients to Jose
Answer:
Yes.
Explanation:
Christopher can accept referring fee from Jose for clients referred to him but he should disclosed this fee as referring fee since he is a licensed agent. Jose may or may not disclose referral fee paid by him since he is not registered sales agent and Mexico does not require any kind of license for brokerage activity.
Which of the following claims best indicates the policy that the United States government followed toward business during World War I Group of answer choices a.) The government busted more trusts during the war years than in the preceding dozen years. b.) The government believed that the war for democracy would be won by showing the world that private industry could do the job without regulation, the true American way. c.) The government imposed many new regulations on business and industry but supervised them with a minimum of bureaucracy. d.) The government nationalized the railroads and created five thousand government agencies to supervise home-front activities.
Answer: d.) The government nationalized the railroads and created five thousand government agencies to supervise home-front activities.
Explanation:
When the United States entered WW1 in 1917, the government knew that the only way to provide the resources needed to win the war was the centralize production so as to provide a coordinated effort across both the public and private sectors.
In light of this, the government introduced several measures such as the nationalization of the railroads. Congress also approved the creation of 5,000 temporary government agencies to help the war effort at home and provide jobs for between 500,000 to 1 million people.
Linda Baer has already saved $6,500 to buy a used vehicle. Ignoring taxes and assuming her money is invested in a money market account earning 3 percent compounded annually, how long will it take to buy a car that costs $9,000?
Answer:
11 years.
Explanation:
Below is the calculation for the time period:
Present value of the money = $6500
Interest rate = 3%
Future value of the money = $9000
Future value = Present Value (1 + r )^n
9000 = 6500 (1 + 3%)^n
9000/6500 = (1 + 3%)^n
1.3846 = (1.03)^n
Now solve for the value of n by taking ln on both sides.
Thus n = 11 years.
A mortgage broker structures a loan priced with two points in borrower credit. He suggests that, based on the limited amount of cash the borrower has on hand to close, it may be best to take a slightly higher rate and use the premium generated to subsidize the closing costs. After consideration, the borrower agrees and moves forward. This is:
Answer:
Legal and ethical
Explanation:
Considering the scenario described above it is revealed that the borrower has the choice of choosing how he would prefer or have to structure his oan, while the originator or mortgage broker follows by the borrower's judgment or decision.
Hence, in this case, it can be concluded that such a scenario is considered LEGAL and ETHICAL use of what is now referred to as borrower credit.
It should be noted that this is an argument against Yield spread premium, whereby borrowers are assumed to be ignorant that YSP is being charged.
The last time to trade an equity option that is about to expire is:
a. 2:00 PM central time; 3:00 PM eastern time; on the 3rd Friday of the expiration month
b. 3:00 PM central time; 4:00 PM eastern time; on the 3rd Friday of the expiration month
c. 4:00 PM central time; 5:00 PM eastern time on the 3rd Friday of the expiration month
d. 5:00 PM central time; 6:00 PM eastern time on the 3rd Friday of the expiration month
Answer:
b. 3:00 PM central time; 4:00 PM eastern time; on the 3rd Friday of the expiration month
Explanation:
The last time to TRADE AN EQUITY OPTION THAT IS ABOUT TO EXPIRE IS: 3:00 PM CENTRAL TIME, 4:00 PM EASTERN TIME and on the 3rd FRIDAY OF THE EXPIRATION MONTH reason been that any EQUITY OPTION contract that exceed the EXPIRE DATE will be INVALID which is why it is of Paramount to TRADE AN EQUITY OPTIONS before the expiration date in order for the TRADED EQUITY OPTIONS to be VALID.
Therefore last time to trade an equity option that is about to expire is:
3:00 PM central time
4:00 PM eastern time
3rd Friday of the expiration month.
Spackel Corporation recorded the following events last year: Issuance of shares of the company's own common stock $ 380,000 Purchase of long-term investment $ 40,000 Dividends paid to the company's own shareholders $ 18,000 Cash paid to suppliers for inventory purchases $ 12,000 Repayment of principal on the company's own bonds $ 370,000 Interest paid to lenders $ 6,000 Collection by Spackel of a loan made to another company $ 110,000 Purchase of equipment $ 350,000 On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities. Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be: Multiple Choice $(280,000) $(760,000) $(1,286,000) $(390,000)
Answer:
$(280,000)
Explanation:
The computation of the net cash provided or used by investing activities is given below:
Purchase of long-term investment -$40,000
Collection by Spackel of a loan made to another company $110,000
Purchase of equipment -$350,000
Net cash used by operating activities -$280,000
Calculate how many hours his non-salary employees will take to create a large order of 1,000 shoes. What kind of budget would Jose create?
This question is incomplete but will answer this based on what I guess you're asking.
Answer and Explanation:
Assume there are 10 employees for the small factory that makes shoes.
Let's assume each non-salary employee spends 30 minutes on each pair of shoes before it finishes, and charges $10 per hour.
1000 pairs of shoes would take 1000×0.5×10= 5000 hours(208 days and a few hours)
Total budget for non-salary employees= 5000 hrs×$10= $50000
Therefore Jose would need a $50000 budget given the variables above.
The purpose of penalty clauses in purchasing agreements is to _________. assure the financial stability of the supplier stock inventory at the supplier require the supplier to comply with mandatory cost reduction efforts avoid supplier delivery problem
Answer:
avoid supplier delivery problem
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
The fundamental principle of supply chain management is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing producer), a wholesaler, and a retailer who typically sells the products to the customers or consumers.
Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
A penalty clause can be defined as an express provision in a contractual agreement which places an obligation or penalty such as a forfeit or fine, upon the party who has breached a contract by providing compensation to the victim or aggrieved party.
Hence, the purpose of penalty clauses in purchasing agreements is to avoid supplier delivery problem between the producers, wholesaler, retailer and consumers or buyers and sellers.
An investor is considering investing in a stock they plan to hold for 2 years. The stock is expected to pay dividends of $1.50 per share in each of the 2 years and sell for $20 at the end of two years. If the investor requires an 8% return on this stock, how much should they pay for it using the Dividend Discount Model?
Answer: $19.82
Explanation:
The price the investor would be willing to pay today would be the present value of the dividends and the selling price at the end of 2 years using the required return as the discount rate.
= 1.50 / (1 + 8%) + 1.50 / (1 + 8%)² + 20 / (1 + 8%)²
= 1.3888889 + 1.286 + 17.1467764
= $19.82
The sales statt at Mocmoo Real Estate is compensated primarily based on the value of the properties thay call. However, in order to encourage the salespeople to act in the best interests of the company, Macmoo bases 10 percent of each salesperson's yearly bonus on whether the company reaches its yearly financial goals. In which of tho following situations would the interests of tho salesperson bo most likely to conflict with the interests of the overall organization? Soloct one:
a. A Maemos agent becomes the selling agent for the same property multiple times
b. A Macmoo real ontate agent and another rool estate agent have a difference of opinion about the fair market value of a property
c. A Macmoo real estate agent completos a transaction com a commission, and generates naos leads that become profitable relationships for
d. A real estate transaction would generate a high commission for an agent but would associate the agency with the destruction of a beloved local
e. A Macmoo agont works excessively to earn a big bonus but neglects her personal life other Macmoo agents landmark
Answer:
A real estate transaction would generate a high commission for an agent but would associate the agency with the destruction of a beloved local landmark.
Explanation:
there would be a conflict of interest between the organisation and the sales person when the interests of both parties do not align.
The goal of the sales person is to earn the highest possible commission. While, the goal of the firm would be to earn profit and a have a positive image.
If the agent makes the sale, he earns a high commission but this would cost the firm its positive image. thus, the interest of both parties are at odds. this would generate a conflict of interest
Acme, Inc., which manufactures the fireworks that municipal governments buy to put on their annual fireworks shows on the Fourth of July, moved most of its manufacturing operations from the United States to China a decade ago. Now, Spark is moving production back to the United States because the company's managers are uncomfortable with many Chinese business practices. Acme, Inc. engages in ________ when it moves its operations back to the United States. Group of answer choices offshoring reshoring outsourcing globalizing countertrading
Answer:
I believe this answer would be reshoring.
Explanation:
I'm sorry in advance if this is wrong, if it is let me know and I will correct it.
Which is more important?
- pay less interest
- Access a higher credit limit or longer 0% APR period, maybe to make a bigger purchase
Explain why
Answer: To pay less interest is better than accessing higher credit limit
Explanation:
Most people take loans to meet up projects which the money is not available to handle at the moment. Taking higher credit for a longer time will amount to much interest which might be difficult to pay back,while it is advisable to go for that requires less interest, to make it easier when refunding
What is the difference between a price floor and a price ceiling?
a. A price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good.
b. A price floor is the maximum price allowed for a good. A price ceiling is the minimum price allowed for a good.
c. A price ceiling below the equilibrium price has no effect.
d. A price floor above the equilibrium price has no effect.
Hi there, mate!
Answer:
a. A price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good.
Explanation:
As the name suggests, a price floor is the lowest amount of money the price of a good can be. For example, if you were selling a dress, there is a price floor. There is also a price ceiling. You can not go over the price ceiling if you want to get more customers. So, the answer to the question is option A.
Answer: The correct answer is A
D. Short answer questions:
a. Compare the monopoly’s price and quantity with that of a
perfectly competitive firm’s. Which is better for the consumer?
b. How can government regulation of a monopoly increase the
allocative efficiency of the monopoly?
Answer:
Explanation:
a. Monopoly has no competition so it can charge a higher price and produce less quantity when compared to a perfectly competition. For a consumer, perfectly competition which provides more goods at a lower price is better.
b. Due to lack of competition, monopoly does not have to be efficient in its resource allocation. To increase the allocative efficiency, the government can pass regulation to limit price charged and increase quantities of goods produced by the monopoly.
Answer:
Explanation:
compared 2 perfectly competitive firms, monopoly charges higher price and produces less quantity.
perfectly competitive firms are better for consumer
govt regulation can increase monopoly's efficiency by putting restriction on price n requiring quantity of goods produced.
Vytel Communications (Scenario)
Vytel Communications is a U.S.-based telecommunications company that is considering doing business in Argentina. Vytel managers hire a consulting firm to investigate the risks and benefits related to doing business in Argentina. The consulting firm identifies a number of challenges that might prohibit Vytel from entering Argentina. In addition, the consultants conduct surveys that indicate a demand for Vytel's products and services.
Which of the following would be most important for the consulting firm to evaluate when making a recommendation to Vytel about doing business in Argentina?
A. Do Argentine firms frequently outsource their key operationsabroad?
B. What benefits have been gained in the past by Vytel using foreign distributors?
C. Is work-life balance uniformly enjoyed by the Argentineworkforce?
D. Would government regulations significantly impede Vytel's ability to make profits?
Answer: D. Would government regulations significantly impede Vytel's ability to make profits?
Explanation:
The challenge to doing business in the country is that there are barriers to entry which are most probably government regulations.
The opportunity however is that there is a demand for Vytel's products and services which means that there is a chance to make profits.
The question the consulting firm should be asking therefore is if the profits that could be made could be impacted by the government regulations so significantly that there would be no benefits.
what is photo synthesis?
Answer:
photo synthesis is the process in which green plants use water and carbon dioxide to create their food.
Centre City enacts an ordinance that bans the distribution of all printed materials on city streets. Diners Café opposes the city’s latest "revenue-enhancing" measure—a tax on prepared food sales—and wants to protest by distributing handbills. In Diners’ suit against the city, a court would likely hold the ban on printed materials to be
Answer: unconstitutional under the First Amendment.
Explanation:
From the information provided, in Diners’ suit against the city, the court would likely hold the ban on printed materials to be unconstitutional under the First Amendment.
Under the First Amendment, any law that limits or ban freedom of expression, religion, peaceful assembly, petitioning of the government is prohibited. Therefore, the action of the city is unconstitutional.
If the next chair of the Federal Reserve Board has a reputation for advocating an even slower rate of money growth than the current chair, what will happen to interest rates? A. Slower money growth will lead to a liquidity effect, which will lower interest rates. Moreover, the lower income, price level, and inflation will reinforce the decrease in interest rates. B. Slower money growth will lead to a liquidity effect, which will raise interest rates; however, the lower income, price level, and inflation will tend to lower interest rates. C. Slower money growth will lead to a liquidity effect, which will lower interest rates; however, the lower income, price level, and inflation will tend to raise interest rates. D. Slower money growth will lead to a liquidity effect, which will raise interest rates. Moreover, the lower income, price level, and inflation will reinforce the increase in interest rates.
Answer: B. Slower money growth will lead to a liquidity effect, which will raise interest rates; however, the lower income, price level, and inflation will tend to lower interest rates.
Explanation:
Slower money growth would mean there is less money in the economy which means that there is less liquidity. This will increase interest rates because there would be less money available to loan out to people and so the ones that will be available have to be done at high rates.
As a result of the lower money supply though, people would have lower incomes and demand less goods which would reduce the price level. These will have the effect of reducing the rates to enable people get loans.
Trình bày khái niệm đặc điểm của môi trường vĩ mô, môi trường vĩ mô gồm những yếu tố nào, phân tích môi trường kinh tế trong môi trường vĩ mô ? Ví dụ
Môi trường vĩ mô là môi trường trong đó, các yếu tố là những nguồn lực, thể chế bên ngoài có khả năng tác động, ảnh hưởng tích cực hoặc tiêu cực đến hoạt động Marketing của doanh nghiệp và các yếu tố trong môi trường vi mô của doanh nghiệp.
What "Super Union" had taken on railroad companies and factories to improve the conditions for workers?
( 1 )
Knights of Labor
( 2 )
International Workers of the World (IWW)
( 3 )
American Federation of Labor (AFL)
( 4 )
American Railway Union (ARU)
Explanation:
4th one is the answer
American Railway Union (ARU)
Staind, Inc., has 7.5 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 8.75 percent, what is the current bond price?
Answer:
Explanation:
Assuming the face value of the bond = $1000. Interest = 1000*7.5% = $75
Current Price = Interest * PVAF (10 years, 8.75%) + Maturity Value * PVF (8.75%, 10 Years)
Current Price = $75 * 6.4889 + $1000*0.4322
Current Price = $486.67 + $432.20
Current Price = $918.87
So, the current bond price is $918.87
Which of the following is TRUE? " When a market price allocates resources, everyone who is able to pay the price gets the resource. " A command system works well when the lines of authority and responsibility are clear. " When the government decides how to allocate tax dollars among competing uses, resources are allocated by command." " When a manager offers everyone in the company the opportunity to win a prize, resources are allocated by a market price."
Answer: When a market price allocates resources, everyone who is able to pay the price gets the resource.
Explanation:
The market allocates prices to goods and services based on the scarcity of the said goods and services. This means that regardless of how scarce a good is, you can get it if you are willing to pay the price that it is being offered at.
For instance, if the price of tomatoes suddenly went up from $4 to $12 per pack, it means that tomatoes are now more scarce and not many people can afford it. If you can afford that $12 however, you will be able to get the tomatoes despite how scarce it is.
A resource-based strategy Multiple choice question. focuses on efficient execution of both primary and supporting components of the company's value chain. targets areas of potential cost-reduction in the company. can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals. will only be effective it if overcomes all weaknesses identified through a SWOT analysis.
Answer:
can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals
Explanation:
A resource-based strategy is a form of the technique used by business managers to efficiently utilized the existing and valuable resources of the firm. These resources would be difficult to come by for the competitors such that it is hard for competitors to replicate. Thereby leading a sustainable or long term competitive advantage to the firm
Hence, in this case, the correct answer is A resource-based strategy "can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals."
What is the difference between total output and labour productivity?
Answer:
Productivity is the rate of efficiency by which a company produces goods and services. Thus, output is only one part of the equation used to measure efficiency. ... If the company spends more on its input than it receives in output, it is not efficient.
