Answer:
31 March 2021
Explanation:
The contract should be recorded on 31 March 2021 because according to the US Generally Accepted Accounting Principles, revenue should be recognize in the book only when service has been rendered to the customer, the selling price of product is fixed and confirmation of service arrangement and amount to be collected.
With regards to the above scenario, since the equipment was not delivered until 31 March, then 31 of March will be recognized.
A donor gave $75,000 to a nongovernmental, not-for-profit charity with instructions that the funds be transferred to Sam Smith, an individual who lost his home in a fire. The not-for-profit would:
Answer:
B) Record the $75,000 cash and credit a liability
Explanation:
Possible options:
A) Record the $75,000 cash and credit temporarily restricted revenue. B) Record the $75,000 cash and credit a liability C) Do either (a) or (b), depending upon the policy of the not-for-profit D) Not record the transaction.Non-for-profit charities must record all cash donations, but since the funds were donated for an specific purpose, their use is restricted. Therefore, the charity must record a liability (which has a normal credit balance).
All of the following statements regarding Government National Mortgage Association (GNMA) pass-through securities are true EXCEPT A) investors own an undivided interest in a pool of mortgages B) GNMAs are considered to be the riskiest of the agency issues C) the minimum initial investment is $25,000 D) investors receive a monthly check representing both interest and a return of principal
Answer:
B) GNMAs are considered to be the riskiest of the agency issues
Explanation:
The Ginnie Mae or GNMA pass through securities are mortgage backed. The Great recession taught us that mortgage backed securities are not always 100% secure, but they are still considered secure investments basically because they are guaranteed by the US government. They are similar to the securities sold by the US Treasury.
Ginnie Mae basically guarantees mortgages using federal funds (from Federal Housing Administration and Department of Veterans Affairs).
The market demand curve Group of answer choices is found by vertically adding the individual demand curves. slopes upward. represents the sum of the prices that all the buyers are willing to pay for a given quantity of the good. represents the sum of the quantities demanded by all the buyers at each price of the good.
Answer:
represents the sum of the quantities demanded by all the buyers at each price of the good.
Explanation:
The market demand curve is the total of all the individual demand curves in the market as mentioned. It depicts the quantity demanded with respect to the different prices
And in this the quantity demanded and the price of a product has an inverse relationship between each other
Therefore the last option is correct
What type of a service would a CPA perform if a loan that is collateralized by inventory requires a CPA to observe the count of the inventory and trace sampled items to the vendor invoices in order to determine the value of inventory is not misstated
Answer:
An attestation engagement.
Explanation:
An attestation engagement involves hiring a third party called a CPA to give attestation on subject matters or services like examinations, reviews, reports that are created by a client. The attestation engagement is a form of audit. The CPA is responsible for the client. It is of 3 types
1. The examination engagement
2. Review engagement
3. Agreed upon procedures engagement
Explain why it is important for a business to take into consideration the following when deciding on the right price for a product 15 POINTSSS!!
On December 1 of Year 1, Jones, a self-employed cash basis taxpayer, took out a loan to use in her business. The loan principal is to be repaid on November 30 of Year 3. Jones prepaid the entire interest of $12,000 on December 1 of Year 1. What amount of interest was deductible on Jones' Year 2 income tax return?
Answer: $6,000
Explanation:
When expenses such as this interest expense are for 12 months or more, the deduction will need to be evenly spread over the period that they apply to. As the loan was to be repaid in 24 months, the interest payment deductions should be evenly spread over 24 months.
= 12,000/24
= $500
That means that for Year 2, the relevant deduction will be for the 12 months in it;
= 500 * 12
= $6,000
Please research a company that is taking steps to "green" their operation. Share with the class the steps the organization is taking. Do you think other organizations could easily implement these ideas?
Explanation:
We can mention the company Google as an example of an organization that is increasingly developing sustainability programs in all its processes. In 2019 the company announced that it will use only recyclable materials by 2022, in addition to committing to zero carbon emissions in 2020.
Google is one of the largest companies in the world, and its practices must be taken by example by other large, medium and small organizations, and although the practices of a large company cannot be compared with those of a smaller company, they must rather be taken into account and serve as inspiration for the development of sustainable projects and actions, because regardless of the size of the action, any action that a company takes in favor of the environment is already valid and brings several advantages to its own image and positioning in the market, both for society.
Rondelle, the manager of a busy hair salon, knows that she needs to entrust many of her tasks to supervisors and other employees. _____ is this process of assigning tasks to lower-level supervisors and employees. Rondelle follows the 70 percent rule, which states that she should assign tasks to employees who can perform each task at least 70 percent as well as Rondelle can. Multiple Choice Delegation Span of control Handing Accountability Outputting
Answer: Delegation
Explanation: Delegation in the context above may simply be explained as the process whereby there is a shift in the responsibility of one person to another who will function as a deputy. When an individual usually a superior, who is the actual overseer of a certain process or routine entrusts or handover to another person due to one reason or the other such as tight scheduling or shortage of personnel. In most cases the new handler is usually a lower ranking official in the task such as in the scenario above and as such, the expected rate of output is slightly reduced.
A deficit on the current account Group of answer choices normally causes a surplus on the capital and financial account. has no relationship to the capital and financial account. means that a nation is making international transfers. normally causes a deficit on the capital and financial account.
Answer:
normally causes a surplus on the capital and financial account.
Explanation:
A deficit can be defined as an amount by which money, falls short of its expected value.
In Financial accounting, deficit is usually as a result of revenue falling below expenses or expense exceeding revenue at a specific period of time.
For instance, if in a country liabilities exceeds assets or import exceeds export there would be a deficit in the financial account of the country.
Generally, a deficit on the current account normally causes a surplus on the capital and financial account. This is simply as a result of a country having to import more goods and services than it is exporting to other countries in trade.
In conclusion, a deficit on the current account is because the value of goods and services exported is lower than the value of goods and services being imported in a particular country.
Which of the following is correct?a. There is consensus among economists that unions are good for the economy.b. There is consensus among economists that unions are bad for the economy.c. There is consensus among economists that, on net, unions have almost no impact on macroeconomic variables.d. There is no consensus among economists about whether unions are good or bad for the economy.
Answer:
The correct answer is the option D: There is no consensus among economists about whether unions are good or bad for the economy.
Explanation:
To begin with, the unions are the gruop of workers that join themself to an unique society in where the most important objective for them is to achieve better salaries and job conditions for their members. Moreover, the unions are the most important factor of power for the workers due to the fact that they have a strong market power because of the huge amount of individuals that they manage. So therefore that there is no consensus among economists about whether unions are good or bad for the economy because the in principle the unions should help the workers to have better job conditions and salaries but sometimes in reality the unions tend to sofocate the companies and make the production to delete and struggle.
Which benefit is often associated with command economies and most likely
achieved in a mixed economy?
Answer:
The establishment of social welfare programs.
Explanation:
This is the answer for Ap3x.
The benefit of social welfare programs is often associated with command economies and most likely achieved in a mixed economy.
What is the significance of social welfare programs?A social welfare program can be referred to or considered as such program that relates to activities of the welfare for the underprivileged sections in an economy and try to bring an overall development in a developing or developed economy.
The significance of a social welfare program can be in association with a command economy most of the time. Moreover, a social welfare program, is a phenomenon which cannot be achieved unless there is a form of mixed economy in the society.
Therefore, the significance of social welfare programs has been aforementioned.
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Roberta is a real estate licensee representing the buyer. The buyer asks to see homes in a specific neighborhood. Roberta refuses to show any homes in that neighborhood to the buyer and tells the buyer, Nobody from your country lives in that neighborhood. Has Roberta violated any fair housing laws?
Answer:
Yes.
Explanation:
The fair housing law act is a law prohibits discrimination in the process of renting , buying or selling a house. This discrimination may be based on race , skin , color , sex , nationality ,or any other characteristic towards a protected group,
Declining the buyer the opportunity to inspects home in a particular neighborhood because nobody form his country lives in that area is an act that violates fair housing laws as the process seems to be biased towards a group of people from a particular country.
Monty Boyd, an account manager, travels frequently on West Coast Airlines. Monty earns points for every mile he flies, and he will soon have enough points to receive a free airline ticket. West Coast Airlines is attempting to build a strong customer relationship with Monty through a ________.
Answer:
frequency marketing program
Explanation:
A frequency marketing program is a strategy that companies use to increase loyalty, maintain their customers in the long term and get them to keep buying the products or services by generating connections giving them information that is adjusted to their specific needs. According to this, the answer is that West Coast Airlines is attempting to build a strong customer relationship with Monty through a frequency marketing program because this program tries to generate a long term relationship with the customers so they keep using the service as in this case where the customer gets points by using the service that can be exhanged for rewards.
Father Christmas is a retail store that sells a unique Santa made from fur, wool, and tapestry. Of 150 customers wish to buy a Santa from this store, and it sells 120 before running out of stock, what is its service level
Answer:
80%
Explanation:
Calculation for the service level
Using this formula
Service level=Sales/Numbers of customers
Let plug in the formula
Service level=120/150
Service level=0.8*100
Service level=80%
Therefore the service level will be 80%
Once a document conveying an interest in real property is placed in the public records it is binding on the public, whether or not they make an effort to learn of it. Based on the common law tradition, this policy is known as the:________.
a. Statute of Frauds
b. doctrine of constructive
c. notice habendum clause
d. actual notice
Answer:
b. doctrine of constructive
Explanation:
According to the doctrine of constructive, the company or the people under the provisions of the companies law should have the knowledge of memorandum of association and the article of association but there is an exception towards the indoor management
Here in the given situation, represents the doctrine of constructive scenario
Hence, the correct option is B.
Assume Bob of "Gut-Bomb Burgers" Corp. would like to increase his company's market share by one share point to a total of nine percent. The burger industry's total marketing effort is $50 million. Bob is currently spending $4 million on marketing. How much additional money would Bob have to invest in marketing to increase his company's market share by one share point?
Answer:
$750,000
Explanation:
Calculation for the additional money that Bob have to invest in marketing to increase his company's market share by one share point
Based on the information given we were told that the burger industry's total marketing effort was the amount of $50 million, this means that the share of point will be calculated as :
Share of point=Total marketing effort of $50,000,000/100
Share of point=$500,000
Second step is for us to make use of the 1.5 rule from the parity budget by multiplying it with the amount of $500,000
Hence,
Additional money=$500,000*1.5
Additional money=$750,000
Therefore the additional money that Bob have to invest in marketing to increase his company's market share by one share point will be $750,000
Within an industry, the existing economies of scale, brand loyalties, and government regulations that impede access to the task environment create
Answer:
The barrier to entry, is the right answer.
Explanation:
The barrier to entry is the correct answer because the mentioned points like economies of scale, government rules, and brand loyalties are the tools that restrict the entry of new firms. For example, if the incumbent firm has already brand value then the new firm will not attract the consumer because consumers will prefer to buy goods from that company. Thus, if consumers will not buy the commodity then it will fail to do the business. Moreover, government regulations like licensing also restrict new firms. A firm can not enter the market without taking a license from the government.
Answer the following question based on the accompanying cost ratios for two products, fish (F) and chicken (C), in the countries of Singsong and Harmony. You may assume that production occurs under conditions of constant costs and that these are the only two nations in the world. Cost ratios: Singsong: 1 F = 2 C: Harmony: 1 F = 4 C. If these two nations specialize based on comparative advantage:
A) Singsong will produce both chicken and fish.
B) Harmony will produce both chicken and fish.
C) Harmony will produce chicken and Singsong will produce fish.
D) Singsong will produce chicken and Harmony will produce fish.
E) Both a. and b. above.
Answer:
The correct answer is the option C: Harmony will produce chicken and Singsong will produce fish.
Explanation:
To begin with, the term known as "Comparative Advantage" refers to the situation in where a country or an economic agent will produce more of a good and consume more of it when the fact of producing it will show that the agent has a relatively low cost of opportunity and also because that agent can produce that good at a very low cost in comparison with the other agent.
Once said that, it is understood that Harmony will produce chicken because the country can produce three of it when in comparison with Singsong who can produce only two. And both can produce one of fish so that means that Harmony will produce the good at which it is better and the other the one in that is left.
Veronica offers to sell Rowena her luxury sedan and says that it has never been in an accident. Rowena hires Laszlo, a mechanic, to appraise the vehicle. Laszlo says that it most likely has been in an accident. In spite of this information, Rowena buys the car. Later, when it develops mechanical problems, she can
Answer:
not rescind the contract
Explanation:
According to the given situation, Veronica offers to Rowena to purchase his luxurious sedan by saying that it has been into an accident. After that Rowena hires Laszlo who is a mechanic to repair the sedan. Here Laszlo told Rowena that this sedan is mostly into an accident, after knowing these details Rowena is decided to purchase a car. After some time, Rowena faces a mechanical problem, here she can not break the contract as she already knew that car is have been into an accident mostly.
Therefore, the right answer is she cannot rescind the contract.
At Groovy Rags, a trendy retail store, manager Eon Forcer doesn't waste any time thinking about whether the employees on his shift get their breaks at a reasonable time. In fact, he claims he is hard pressed to determine which one has "worked hard enough" to even deserve a break. Earlier today, Eon remarked, "I've never met one that likes this job! They're only biding their time and here for the money." Eon's managerial style would be classified as _______.
Answer:
Theory X.
Explanation:
In this scenario, Groovy Rags, a trendy retail store, manager Eon Forcer doesn't waste any time thinking about whether the employees on his shift get their breaks at a reasonable time. In fact, he claims he is hard pressed to determine which one has "worked hard enough" to even deserve a break. Earlier today, Eon remarked, "I've never met one that likes this job! They're only biding their time and here for the money." Eon's managerial style would be classified as Theory X.
Douglas McGregor developed the theory x and y in the 1950s while working at the MIT Sloan school of management.
Theory X suggests that employees working in a particular organization dislike work, possess minimal ambition, and are generally not willing to take up responsibility.
Hence, with the Theory X it is very important and essential that these employees be supervised and rewarded externally with prizes and punishment should be used when they err.
what can you tell me about google's product cycle pricing strategies ?
Answer:
The value-based pricing strategy determines prices based on customers' perceived value of the product. In Google's marketing mix, the value-based pricing strategy is used for its AdWords online advertising service, where advertisers could place bids based on their perceptions of the importance of these advertisements.This method establishes pricing depending on the preferences of clients.
Explanation:
The value-based pricing method bases charges on the financial importance of the product by customers.
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Listed below are selected line items from the Cost of Quality Report for Watson Products for last month.
Category Amount
Rework $725
Equipment maintenance 1,154
Product testing 786
Product repair 695
What is Watson's total prevention and appraisal cost for last month?
Answer:
$1,940
Explanation:
Prevention cots are the costs incurred before the actual production in the design and implementation phase to prevent problems associated with the quality of a product . Examples are the training and the development cost.
Appraisal cost are quality control cost incurred after production but before products are dispatched to the customers , meant to ensure that the products meet up with the required standard to satisfy customers need. Example are the testing and the inspection test.
The total prevention and appraisal cost for last month for Watson are
Prevention cost -
Equipment maintenance - 1,154
Appraisal cost
Product testing - 786
Total 1,940
"A client, age 74 has $314,000 in her Traditional IRA. She is required to take an $11,000 RMD for this year. She does not need the cash and wants to maintain her investment portfolio. She asks her representative if she can take the RMD in shares into her cash account at the firm This action will result in a:
Answer:
This action will result in her safe-guiding her investment portfolio in equities. For example, in a constant dollar plan, an investor keeps a constant dollar amount of the portfolio in equity securities. If the equities' market value rises, the excess is transferred to fixed-income securities.
Explanation:
Shelby Organic Foods is a fast growing firm that produces organic frozen food entrees.The firm employs 700 people and expects to hire more in the next few years.Currently,all of the firm's HR tasks are handled internally by Shelby's HR department.However,top executives at Shelby are considering the idea of outsourcing benefits administration.Which of the following questions is LEAST relevant to the decision to outsource Shelby's benefits administration tasks?
A) What is the cost difference for Shelby between handling benefits internally and externally?
B) How much time is spent by Shelby's HR department handling benefits administration tasks?
C) Which Shelby HR professional should oversee benefits administration at the shared service center?
D) How knowledgeable is Shelby's HR staff about benefits administration and federal health care laws?
Answer: C. Which Shelby HR professional should oversee benefits administration at the shared service center?
Explanation:
Of the options given in the question, the questions that are relevant to the decision to outsource Shelby's benefits administration tasks are:
1. What is the cost difference for Shelby between handling benefits internally and externally?
2. How much time is spent by Shelby's HR department handling benefits administration tasks?
3. How knowledgeable is Shelby's HR staff about benefits administration and federal health care laws?
The questions above is necessary for Shelby Organic food in order to make the decision. The option that "which Shelby HR professional should oversee benefits administration at the shared service center?" is not relevant.
"We've had to cut our overhead expenses, and we let go several of our support staff," said J. Richard Peale, Managing Partner of Lockstill and Ratcliffe LLC. "However, I am counting upon each of us to creatively deliver even better legal services to our clients, although we've each had to pick up extra work that was previously done by our support staff." J. Richard is counting upon his team to subscribe to the belief known as the ____________, the ability to achieve multiple objectives at the same time.
Answer: genius of the and"
Explanation:
We've had to cut our overhead expenses, and we let go several of our support staff," said J. Richard Peale, Managing Partner of Lockstill and Ratcliffe LLC. "However, I am counting upon each of us to creatively deliver even better legal services to our clients, although we've each had to pick up extra work that was previously done by our support staff."
J. Richard is counting upon his team to subscribe to the belief known as the genius of the and, the ability to achieve multiple objectives at the same time.
Stock A's beta is 1.7 and Stock B's beta is 0.7. Which of the following statements must be true, assuming the CAPM is correct. a. In equilibrium, the expected return on Stock A will be greater than that on B. b. Stock B would be a more desirable addition to a portfolio than A. c. When held in isolation, Stock A has more risk than Stock B. d. In equilibrium, the expected return on Stock B will be greater than that on Stock A.
Answer:
c. When held in isolation, Stock A has more risk than Stock B
Explanation:
Beta is the measurement of Company`s business risk. Therefore, a higher beta shows a higher risk and a lower beta shows lower risk.
A _______ is a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable. Multiple Choice panel team group collaborative unit quality circle
Answer: Team
Explanation:
A team is made up of a small group of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable.
It should be noted that each employee in an organization should be ready and willing to be part of a team in the organization in order to achieve the organizational goals.
Christina, a 29-year-old woman, joined a company in Texas in 2007 and worked there for a year. She got laid off due to recession. She moved back into her parents' home in California as she did not have enough money to cover her expenses. Christina's situation is characteristic of the __________.
Answer: boomerang generation
Explanation: The term boomerang generation is a label used to describe young adults such as in the case of Christina described above who finds themselves sharing or living under the same roof with their parents after having left initially. The cause ranges from the high cost of associated with getting and apartment or other social imbalance such as job loss which is the case with Christina causing these set of individuals who seem to have attained independence and thus set out to live separately, only for them to rush back under their parent's roof.
A fundamental rethinking and radical redesigning of business activities to achieve dramatic improvemnts in critical measures of performance such as costs, quLITY, SERVICE, AND SPEED IS KNOWN AS
Answer:
BUSINESS PROCESS REENGINEERING, BPR
Explanation:
BPR is a management technique based on long term, whose objective is to achieve the objectives and improve processes through cost reduction, quality, service and speed improvement, which are essential for an organization to achieve a strong position in the its micro and macro environment.
Organizations use BRP to eliminate their flaws, such as loss of market to competition, interpersonal conflicts, communication noise, etc.
Which of the following is one of the seven website design elements that marketers can use to produce an effective customer experience online?A. consistencyB. collaborationC. commercializationD. commerceE. creativity
Explanation:
The answer is D
Commerce
hope this helps
