If global corporation had 44,000 shares of $20 par value common stock outstanding on july 1. the entry to record the dividend declaration is: Debit Retained Earnings $63,800; credit Common Stock Dividend Distributable $44,000; credit Paid-In Capital in Excess of Par Value, Common Stock $19,800.
What is journal entry?Journal entry is used by companies to post or record their day to day business transaction.
Retained earnings =44,000 shares × 5% × $29
Retained earnings = $63,800
Common Stock Dividend Distributable= 44,000 shares × 5% × $20
Common Stock Dividend Distributable = $44,000
Paid-in Capital in Excess of Par Value, Common Stock= 44,000 shares × 5% × $9
Paid-in Capital in Excess of Par Value, Common Stock= $19,800
Global corporation Journal entry
Debit Retained Earnings $63,800
Credit Common Stock Dividend Distributable $44,000
Credit Paid-In Capital in Excess of Par Value, Common Stock $19,800
Therefore the entry is Debit Retained Earnings $63,800; credit Common Stock Dividend Distributable $44,000; credit Paid-In Capital in Excess of Par Value, Common Stock $19,800.
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10. public policy toward monopolies suppose that a computer software company controls the operating system market. although the government knows that the price is higher than it would be in the presence of competition, it believes that such profits are crucial to incentivizing innovation in the high-tech industry, a policy goal of the government.
Which of the following policy options might most effectively enable the government to achieve its objectives in this situation?
a. Do nothing at all.
b. Regulate the pricing behaviour.
c. Turn the company into a public enterprise.
d. Use the law to increase competition.
The following policy alternatives might best help the government achieve its goals: turn the business into a public enterprise.
What do you mean by policy?An collection of people, a commercial organisation, an government, or perhaps a political party that has publicly agreed to a plan of action for dealing with certain circumstances.
Briefing:Any natural monopoly, like an electric utility, will go from a private to a public company when it is obliged must sell to a public organisation. The government that considers energy to be a public good might decide for such a programme, which is typically how utilities are provided in Europe.
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TRUE/FALSE. mncs might have been lured to invest in china not only by lower labor and material costs but also by china's friendly business practices. by the desire to preempt the entry of rivals into china's potentially huge market. by the desire to help chinese people. by more advanced technology.
It is true that multinational corporations (MNCs) might have been drawn to China for a variety of reasons, including lower labor cost and material costs.
Why MNCs might have been lured to invest in china?Various factors, such as reduced labor and material prices, China's friendlier business practices, the desire to thwart competitors' entry into China's enormous market which is potential, and the desire to aid the Chinese people, may have drawn multinational corporations (MNCs) to invest there. It's also probable that certain MNCs were drawn to China because it had access to more sophisticated technologies.
What serves as integration testing's primary objective?The major objective is to locate problems in the interaction of system components at various levels. The relationship between system components is examined during integration testing to ensure that it complies with all specifications.
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T/F when whole foods market, the world's largest natural foods supermarket, acquired select fish, a fish processing company, it was an example of a conglomerate merger.
Conglomerate merger occurred when Whole Foods Market, the biggest natural foods supermarket in the world, bought Select Fish, a fish processing business.
Which of the following is a conglomerate merger example? A conglomerate merger is when two companies that conduct entirely unrelated commercial activity unite.Conglomerate mergers fall into two categories: pure, in which the two companies stay in their own markets, and mixed, in which the companies look to expand into other markets and product lines.Conglomerate merger occurred when Select Fish, a fish processing company, was acquired by Whole Foods Market, the largest natural foods supermarket in the world.Whole foods are typically defined as foods that have not been refined, processed, or given additional components.Whole foods include meat, fish, eggs, whole grains, legumes, nuts, seeds, and fruits and vegetables.Unprocessed food is referred to as whole food.Like our nkd. bars, they haven't been processed, manipulated, or modified in any way.Instead, whole foods are entirely organic and frequently served fresh from the ground.To learn more about conglomerate merger refer
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juliet company accumulated the following account information for the year: using this information, total factory overhead costs would be
The correct answer to the question about Factory Overhead costs is option e) $13,000
The expenses incurred in the factory, excluding the costs of direct labor and direct materials, are those related to the manufacturing process. Typically, cost pools of factory overhead are created and distributed to the units produced throughout the time period. When the created units are eventually sold as finished items or written off, the cost is tacked onto the expense. In contrast to absorption costing, which requires it, direct costing avoids allocating production overhead to the number of units produced. According to the requirements of the main accounting frameworks, the allocation of manufacturing overhead is necessary for creating financial statements.
Question
Juliet company accumulated the following account information for the year: using this information, total factory overhead costs would be
Beginning raw materials inventory $6,000
Indirect materials cost $2,000
Indirect labor cost $5,000
Maintenance of factory equipment $2,800
Direct labor cost $7,000
Options
$16,800$15,800$7,800$9,800$13,000To learn more about factory overhead click here
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The practice of treating employees as customers and developing systems and benefits that satisfy their needs is called _____.a. direct marketingb. global marketingc. personalized marketingd. internal marketing
The practice of treating employees as customers and developing systems and benefits that satisfy their needs is called internal marketing.
What does service marketing's internal marketing entail?The promotion of a company's goals, goods, and services to personnel inside the organisation is known as internal marketing. The goal is to build brand advocacy and raise staff involvement with the company's objectives.Internal marketing is treating workers like clients and creating policies and rewards that meet their requirements. Employees who like their work and are content with their employers are more likely to provide excellent service.While external marketing concentrates on selling to your external consumer, internal marketing concentrates on " selling " your goods or services to your internal customer.
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Peter and Joan are married and Joan has self-employment income of $240,000. Peter is retired. How much additional 0.9% Medicare tax will Peter and Joan owe with their 2021 income tax return?
Peter and Joan's additional 0.9% Medicare tax due with their 2021 income tax return is $2160.
What about the income tax return? The completion of a tax return is the documentation that determines the amount of income made by a person or corporation, the amount of taxes to be paid to the government or government agencies and, potentially, the amount of taxes to be returned to the taxpayer.Taxes are one of the key ways that the government generates revenue. Both direct and indirect taxes, which are included in both tax categories, generate tax income.How it's calculated?The given dat is,
Total taxable income=$240,000
Medicare tax=0.9%
Income tax return=(Total taxable income× Medicare tax)
=$240,000×0.9%
Income tax return=$2160.
Peter and Joan's additional 0.9% Medicare tax due with their 2021 income tax return is $2160.
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The customer perspective of the balanced scorecard approach
a. evaluates the company from the viewpoint of those people who buy its products or services.
b. evaluates the internal operating processes critical to the success of the organization.
c. is the most traditional view of the company.
d. evaluates how well the company develops and retains its employees.
The customer perspective of the balanced scorecard approach evaluates the company from the viewpoint of those people who buy its products or services.
What is a balanced scorecard and what does it do?A balanced scorecard is a strategic management performance statistic that aids businesses in identifying and enhancing their internal processes in order to enhance their external outcomes. It evaluates historical performance data and offers organizations advice on how to make better decisions going forward.
Why is a balanced scorecard the best strategy?The balanced scorecard methodology aids organizations in creating key performance indicators (KPIs) for their varied strategic goals. This guarantees that businesses are measuring what is important. The BSC approach gives data-driven insight and high-quality management information to aid in decision-making.
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ignoring taxes, at the break-even point between a levered and an unlevered capital structure, the: multiple choice company is earning just enough to pay for the cost of the debt. earnings per share for the levered option are exactly double those of the unlevered option. company's earnings before interest and taxes are equal to zero. company has a debt-equity ratio of .50. advantages of leverage exceed the disadvantages of leverage.
ignoring taxes, at the break-even point between a levered and an unlevered capital structure, the company is earning just enough to pay for the cost of the debt.
What is debt?
An obligation to pay money or another agreed-upon value to a third party, the creditor, is known as a debt. Debt differs from an immediate purchase in that payments are deferred or made in installments. A debt is an amount of money that has been borrowed for a set period of time and must be repaid, plus interest. The borrower's creditworthiness affects both the debt's size and its acceptance. Secured debt, unsecured debt, revolving debt, and mortgages are the four basic categories of personal debt. Unsecured debt is primarily based on a person's creditworthiness, whereas secured debt involves some sort of collateral.
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In an open-market purchase the Federal Reserve ________ government bonds from the public and the supply of bank reserves ________.
In an open-market purchase the Federal Reserve buys government bonds from the public and the supply of bank reserves increases.
The open-market refers generally to an economic condition close to free trade. It is also defined as an unrestricted market with free access and competition of buyers and sellers.
The open-market are of four types: main refinancing operations, longer-term refinancing operations, fine-tuning operations and structural operations.
The government bonds are those bonds which is issued by the government to repay borrowed money. The company gets less investor due to the government bonds because company gives low yields.
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TRUE/FALSE. when children were randomly assigned to watch either a violent film or an exciting film about bicycle racing, and then played floor hockey, children who . group of answer choices
Even if hostility may be present in a violent act, this does not mean that an aggressive person would always act violently.
Can you be aggressive without being violent?Violence is different from aggression. Even if hostility may be present in a violent act, this does not mean that an aggressive person would always act violently. Although hostility can lead to a physical or verbal attack, these attacks can also be protective or impulsive and have no malicious purpose. Violence, which is frequently regarded as a physical manifestation of hostility, can be predatory, impulsive, defensive, or reactionary. In addition to mental illness, personal or cultural beliefs, situations or the environment can also play a role in the development of violence.On a societal as well as an individual level, both violence and aggression can have harmful impacts. A specific person or group of people may be the target of violent acts, which can also be of a sexual nature or happen after using alcohol or other drugs. According to the Centers for Disease Control (CDC), there will be around 16,000 homicides per year and 2 million trips to the emergency room in the US as a result of violent attacks. The likelihood that a young man would experience or inflict violence increases between the ages of 18 and 24.Nearly half of all American women have experienced psychological abuse from an intimate partner, while over a third of American women and over a quarter of American males have experienced stalking or physical or sexual abuse by an intimate partner.To Learn more About violent act refer to:
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for a retail website, the revenue per session kpi determines whether new traffic driven through additional advertising is profitable focuses on enticing shoppers to purchase higher-priced items during each sales transaction looks to increase the number of new sessions identifies the percentage of completed transactions
For a retail website, the revenue per session KPI helps to determines whether new traffic driven through additional advertising is profitable. The Option A is correct.
What is revenue per session?Also known as average revenue per session, refers to the average amount of money generated by every unique session or visit to your website. Retailers calculate the ARPS by dividing the total revenue in a particular time frame by the total number of unique website visits.
The session helps retailers to determine the health and performance of their brand and can provide insights into the effectiveness of existing strategies, identifying which efforts are generating result.
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An antidilution provision ensures that the selling of stock at a later date will increase the economic value of the venture capitalist's investment.
An antidilution provision ensures that the selling of stock at a later date will increase the economic value of the venture capitalist's investment.---False
Anti dilution Provision:In the event that new shares are issued, anti-dilution provisions give investors the right to maintain their ownership percentages. When new shares are issued, a shareholder's ownership decreases, which is referred to as dilution.
Venture capitalist:Private equity investors who provide capital in exchange for an equity stake to businesses with high growth potential are known as venture capitalists (VC). This could be supporting small businesses that want to grow but do not have access to equity markets or funding new businesses.
Venture capital is money invested in small businesses and startups, which typically carry a high level of risk but also have the potential for rapid expansion. A high return for the venture capital firm is the goal of a venture capital investment, typically in the form of an IPO or acquisition of the startup.
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Horizontal conflict causes problem between different types of marketing intermediaries that handle similar products. The biggest advantage of a physical distribution system is that its components are independent and hence, a decision in one area is unlikely to affect the functioning of the other components. T/F
False. Horizontal conflict can cause issues between different types of marketing intermediaries because they can be competing for the same products or services. This can lead to inefficient decision making and inefficiencies in the system.
What does Horizontal conflict means?
Horizontal conflict occurs in the workplace when two or more people or groups with an equal level of power, such as peers, colleagues, or teams, disagree. Different personalities, working styles, goals, and values can all contribute to these conflicts. If left unresolved, horizontal conflicts can be detrimental to a workplace, resulting in decreased job satisfaction, increased stress, and decreased productivity.
What does Services mean?
Services are activities or benefits that are provided by someone or something to meet the needs of another. Services can range from basic needs such as food and shelter to specialized services such as medical care and entertainment.Services are usually provided in exchange for some form of payment, such as money, goods, or services. They can also be provided freely, as in public services, or as a charitable act.
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toffel manufacturing has been requested by its employees' union to bargain with it. union representatives express interest in negotiating wages and working hours for its workers. management at the company declines to bargain with the union because any renegotiation would increase the company's operating costs. toffel manufacturing's refusal to bargain:
Toffel manufacturing's refusal to bargain is not permitted because employers and unions have a duty to bargain in good faith, and bargaining is mandatory for subjects relating to wages or working hours.
Refusal to bargain is a determination made by the administrative body that either the employer or the union did not negotiate "in good faith" in accordance with the statute's criteria.
Refusal to bargain is the result of the administrative body concluding that neither the employer nor the union engaged in "good faith" negotiations in line with the requirements of the statute.
The three primary categories of negotiation subjects are obligatory, permissible, and unlawful. The required category includes wages, health and safety, management rights, working conditions, and benefits. Topics that are permitted during the process are ones that are not required but may be discussed.
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t/f: an organization should keep information, such as changes made to its incentive plan, confidential from its employees.
It is false that an organization should keep information, such as changes made to its incentive plan, confidential from its employees.
An employee remuneration system known as an incentive plan offers particular rewards to encourage team members to put in more effort and meet predetermined objectives.
This type of compensation goes beyond the pay check and benefits that all employees should receive for the hours they work. Incentive programmes frequently employ non-cash incentives like sports tickets, gift cards, or vacation days.
Incentives programmes are frequently used by business and organisational leaders to boost sales and maintain staff motivation. The idea is to strategically use incentives to encourage certain activities and match employee behaviour with organisational objectives.
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During cold weather, skin appears pale because the blood vessels of the dermis undergo________ thereby reducing blood flow and heat loss.
During cold weather, skin appears pale because blood vessels of the dermis undergo vasoconstriction thereby reducing the blood flow and heat loss.
What is vasoconstriction?Vasoconstriction, which affects both big arteries and small arterioles, is the narrowing of blood vessels as a result of muscle wall contraction. The procedure is the antithesis of vasodilation, which widens blood arteries. The procedure is crucial for regulating bleeding and minimizing acute blood loss. Blood flow is restricted or reduced as a result of blood vessel constriction, which keeps body heat in or increases vascular resistance. Due to less blood reaching the skin's surface and decreased heat radiation, the skin becomes paler as a result. Vasoconstriction is a larger-scale method by which the body controls and maintains mean arterial pressure. One class of medication used to elevate blood pressure is a vasoconstrictor, commonly referred to as a vasoconstrictor medication.
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Average labor productivity is determined by:
A) the real interest rate, the nominal interest rate, and the rate of inflation.
B) the number employed, unemployed, and the labor force participation rate.
C) consumption, investment, government spending, and net exports.
D) the quantity and quality of human capital, physical capital, technology, natural resources, entrepreneurship, and the legal and political environment.
Average labor productivity is determined by the quantity and quality of human capital, physical capital, technology, natural resources, entrepreneurship, and the legal and political environment. Labor productivity is a measure of how much output (goods or services) is produced in a given amount of time by a given number of workers.
It is determined by the quantity and quality of resources available to the workforce, including human capital (the knowledge and skills of the workforce), physical capital (machinery and tools), technology, natural resources, entrepreneurship, and the legal and political environment. By investing in these resources, businesses can increase their labor productivity, leading to increased economic output.
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(h) based on the change in the equilibrium real interest rate identified in part (g), what will happen to economic growth in the country in the long run? explain.
Because of increased government borrowing to fund spending, the equilibrium real interest rate will be higher, as stated in the explanation.
When interest rates rise, which of the following will occur?Consumers and corporations both reduce spending when interest rates are rising. Due to this, both stock prices and earnings will decrease. However, when interest rates have dropped significantly, firms and consumers will spend more, driving up stock values.
Which circumstance is most likely to result in a drop in interest rates and a rise in loanable money?Option (A): As the supply curve moves to the right, more loanable funds are available as households increase their savings and cut down on their consumption.
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Which one of the following statements is NOT true?
A) Interest rate changes and bond prices are inversely related.
B) Interest rate risk is the risk that bond prices will change as interest rates change.
C) As interest rates increase, bond prices increase.
D) Long-term bonds are more price volatile than short-term bonds of similar risk.
One of the following statements is FALSE: Long-term bonds have more price volatility than short-term bonds with comparable risk. because the prices of bonds and interest rates are inversely correlated.
The danger of interest rates is greater for long-term bonds than for Long-term bonds. Additionally, these investments can be made by investors who are ok with the market's shifting interest rates. For investors wanting security and a fixed rate of interest paid semi-annually until the bond's maturity date, Treasury bonds can be an excellent investment. Bonds play a significant role in the asset allocation of an investment portfolio since their interest rate return serves to balance out the volatility of equities prices.
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roasters corporation and outdoor barbecues inc. enter into a contract for a sale of a commercial grill. the contract requires roasters to deliver the goods to speedy delivery company for transport to outdoor. risk of loss passes to outdoor when
Risk of loss passes to Outdoor when d. Roasters gives you the products to Speedy.
The loss is what happens while the waste of an excellent or carrier produced (or even consumed) in an bizarre and involuntary manner inflicting the lower of the manufacturer's financial revenue. Loss isn't to be harassed with expense (not to mention cost), exactly due to its feature of abnormality and involuntary nature; it isn't a sacrifice made with the aim of acquiring revenue. Common examples: hearthplace losses, inventory obsolescence, etc.
These are objects that pass without delay to the profits account, in addition to expenses, however do now no longer constitute everyday sacrifices or voluntary derivatives of sports geared toward acquiring revenue. It may be very not unusualplace to apply the expression Material losses from the manufacture of severa goods; however, nearly all of these "losses" are, in reality, a cost, considering they're values sacrificed in a everyday manner withinside the manufacturing process, being a part of a sacrifice already recognized even in anticipation of acquiring the favored revenue.
(COMPLETE QUESTION)
Roasters Corporation and Outdoor Barbecues, Inc., enter into a contract for a sale of a commercial grill. The contract requires Roasters to deliver the goods to Speedy Delivery Company for transport to Outdoor. Risk of loss passes to Outdoor when
a. Speedy transports the goods to Outdoor.
b. Outdoor begins to use the grill.
c. Roasters and Outdoor enter into their contract.
d. Roasters delivers the goods to Speedy.
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Dozens of clothing manufacturers produce plain black undershirts. Consumers view plain black undershirts as identical and have no preference which company makes their undershirts. In a large city, one chain of coffee shops controls a large market share because locals believe its coffee tastes better than that of its competitors.
Yes, Dozens of companies produce plain white socks. Consumers regard plain white socks as identical and don't care who manufactures their socks is markets competitive.
No, In a large city, one chain of coffee shops has gained a large market share because customers feel its coffee tastes better than that of its competitors. It is one that is not identical product, buyers sees the sellers' products as one that is not identical.
What is markets competitive?In a competitive market, firms compete with one another for customers by offering goods and services at competitive prices. In order to be competitive, firms must offer products or services that are of good quality and at a price that is attractive to consumers.
In a competitive market, firms have limited control over the prices they can charge for their products or services. This is because if a firm raises its prices too high, consumers may choose to purchase from a competitor instead. Similarly, if a firm lowers its prices too much, it may not be able to cover its costs and may go out of business.
Therefore, Competitive markets can lead to lower prices and higher efficiency, as firms must continuously strive to improve their products and services in order to stay competitive. However, they can also be challenging for firms, as they must constantly adapt to changing market conditions and consumer preferences in order to remain competitive.
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Is these markets competitive?
2. Dozens of companies produce plain white socks. Consumers regard plain white socks as identical and don't care who manufactures their socks
Select the true statement regarding adverse possession of real property.
A possessor must occupy real property at the owner's invitation in order to qualify for adverse possession.
A possessor may acquire real property through adverse possession only if his or her possession has been continuous.
Adverse possession is more difficult to attain if the possessor's possession is openly visible to others.
Adverse possession is a common method of acquiring real property because its requirements are easily met.
Under adverse possession of real property, a possessor may acquire real property through adverse possession only if his or her possession has been continuous for a certain period of time.
This period of time is generally determined by state law and is typically between five and thirty years. In order to qualify for adverse possession, a possessor must occupy the property in a manner that is visible, notorious, and hostile to the true owner's right of possession. The possessor must also occupy the property continuously and exclusively for the designated period of time.
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Which one of the following is one of the techniques recommended regarding making a favorable first impression before the start of a presentation?
Group of answer choices
Extend a greeting to those entering the room after you.
Show a slide explaining why you are giving this presentation.
Busy yourself setting up your equipment since doing so looks professional
One of the techniques recommended for making a favorable first impression before the start of a presentation is to extend a greeting to those entering the room after you.
What are some techniques for first impression before the start of a presentation?Greeting the audience as they enter the room can help create a friendly and welcoming atmosphere, which can set the tone for a successful presentation.It is not typically recommended to show a slide explaining why you are giving the presentation or to busy yourself setting up your equipment before the start of the presentation. While these actions may be necessary for preparing for the presentation, they may not necessarily contribute to creating a favorable first impression.To make a favorable first impression before the start of a presentation, it is generally recommended to be friendly and approachable, to dress appropriately for the occasion, and to make eye contact and smile as you greet the audience. These actions can help put the audience at ease and establish a positive rapport from the outset.To learn more about presentation refer :
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you should use the same dashboard to monitor your site's performance, regardless of business objectives and job roles.
You should use the same dashboard to monitor your site's performance, regardless of business objectives and job roles. This statement is false.
Why is performance monitoring crucial?
The effectiveness of employees in carrying out duties and achieving goals is measured and evaluated by HR with the use of frequent and consistent performance reviews. The organisation can only determine whether or not goals are being reached consistently with this continual measurement.
What aspects should be taken into account when evaluating performance?
Project status, achievements, obstacles, shifts in beneficiaries and context, trends, partner performance, cost effectiveness, broad observations, and follow-up issues are typical themes to take into account when monitoring.
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which of the following is not a development cost associated with an information system? group of answer choices training employees hardware and software all of the options are development costs. maintenance costs
This is not a development cost associated with an information system : Purchasing hardware and software up front is frequently.
An information system is a mixture of software program, hardware, and telecommunication networks to accumulate beneficial data, especially in an enterprise. Many businesses use information era to finish and manipulate their operations, engage with their clients, and stay beforehand of their competition.
An information machine is a proper, sociotechnical, organizational system designed to accumulate, procedure, store, and distribute data. From a sociotechnical angle, information structures are composed by means of four components: task, people, shape, and generation.
Statistics systems are collections of multiple records assets (e.g., software program, hardware, laptop machine connections, the machine housing, machine users, and pc machine facts) to gather, manner, keep, and disseminate statistics.
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a prospectus that contains detailed financial data may be sent annually to stockholders of publicly owned corporations.
No, this term is false in nature.
What is financial data?
Pieces or groups of information pertaining to a business's financial situation make up financial data. Internal management examines the data to assess company performance and decide whether to adjust tactics and strategies.
In order to assess a business's creditworthiness, decide whether or not to invest in it, and ascertain whether it complies with legal requirements, individuals and organisations outside of the business will also use financial data reported by the business.
A prospectus is a document that must be submitted to the SEC and that contains information regarding an offering of securities for sale to the general public. That's why this term is false.
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the balanced scorecard approach normally set the financial objectives first, and then sets the objectives in the other perspectives to accopmlish the financial objectives
Scorecards give management useful information on the service and quality of their company as well as its financial performance.
What exactly is a balanced scorecard?
The balanced scorecard is a strategy-based system for performance management that often establishes goals and benchmarks from four separate perspectives: the financial, the customer, the process, and the learning and development.
From a financial standpoint, a company's objective is to make sure that it realizes a profit on its investments and controls significant risks related to conducting business.
Therefore, A financial goal is a specific objective or target pertaining to the financial results, resources, and organizational structure of a corporation.
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Olena Mirrors records bad debt using the allowance, income statement method. 3 They recorded $343,160 in accounts receivable for the year and $577,930 in credit sales. The 4 uncollectible percentage is 4.4%. On May 10, Olena Mirrors identifies one uncollectible account 5 from Elsa Sweeney in the amount of $2,870. On August 12, Elsa Sweeney unexpectedly pays 5 $1,441 toward her account. Record journal entries for the followingA. Year-end adjusting entry for 2017 bad debtB. May 10, 2018 identification entryC. Entry for payment on August 12, 2018
A. Year-end adjusting entry for 2017 bad debt
In this case, the amount of estimated bad debt would be $343,160 * 4.4% = $15,039.60. The journal entry would be:
Debit Bad Debt Expense: $15,039.60
Credit Allowance for Doubtful Accounts: $15,039.60
The adjusting entry for 2017 bad debt at year-end would include a debit to Bad Debt Expense for the amount of the estimated bad debt, and a credit to Allowance for Doubtful Accounts, the contra asset account.
B. May 10, 2018 identification entry
The identification entry for the uncollectible account from Elsa Sweeney on May 10, 2018 would include a debit to Allowance for Doubtful Accounts for the amount of the uncollectible account, and a credit to Accounts Receivable. The journal entry would be:
Debit Allowance for Doubtful Accounts: $2,870
Credit Accounts Receivable: $2,870
C. Entry for payment on August 12, 2018
Debit: Accounts Receivable $1,441
Credit: Cash $1,441
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Income from continuing operations, excluding special or nonrecurring items, is generally regarded as:Multiple Choicea) value-irrelevant earnings.b) transitory earnings.c) abnormal earnings.d) permanent earnings.
Income from continuing operations, excluding special or nonrecurring items, is generally regarded permanent earnings and transitory earning.
What exactly is meant by "income from continuous activities"?A company's continued operations are recorded in the net income category known as "income from continuing operations" on the income statement. Money from ongoing activities is sometimes referred to as operating income. The bulk of successful firms rely mostly on ongoing operations for their income.
The revenue a company makes from its main business operations less the costs it has to pay to make that revenue is the income from ongoing operations. The after-tax profits the company makes from its ongoing activities are noted in this line item on the income statement.
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Which of the following is true in the long run, following a deliberate expansion of the money supply?
Real GDP reaches its starting point.
GDP definition.overall economic output
The most often used metric for determining an economy's size is its gross domestic product (GDP). The GDP of a nation, a region (like Tuscany in Italy or Burgundy in France), or a group of nations (like the European Union) may all be calculated (EU).
How is GDP determined and what does it mean?GDP is the total of private consumption, gross domestic product, government investment, government spending, and any other items (exports – imports). The GDP is normally calculated using the international standard by the country's official statistical office.
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