The general ledger account balance are shown in an adjusted trial balance following any revisions.
What is Adjusted Trial Balance ?These changes often cover depreciation, prepaid expenses, accruing expenses, and other non-cash costs.
Haile Resort
Adjusted Trial Balance
August 31, 2022
Debit Credit
Cash Br. 39,200
Rental Receivable 1,600
Prepaid Insurance 9,000 - 5,250
Supplies 5,200 - 3,900
Land 40,000
Buildings 240,000
Equipment 32,000
Accounts Payable Br. 9,000
Unearned Rent Revenue 9,200 - 7,600
Salaries and Wages Payable 750
Mortgage Interest Payable 5,333
Mortgage Payable 100,000
Share Capital—Ordinary 200,000
Retained Earnings 0
Dividends 10,000
Rent Revenue 172,400 + 7,600 + 1,600
Salaries and Wages Expense 89,600 + 750
Utilities Expense 18,400
Maintenance and Repairs Expense 7,200
Insurance Expense 5,250 (Br. 9,000 x 7/12)
Supplies Expense 3,900
Depreciation Expenses:
Buildings 9,600 (Br. 240,000 x 4%)
Equipment 3,200 (Br. 32,000 x 10%)
Mortgage Interest Expense 5,333 (Br. 100,000 x 8% x 8/12)
Totals Br.490,600 Br.490,600
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What is the importance of plumbing?
Answer: The plumbing system is one of the most important systems in your home. The plumbing system in your home has a variety of elements such as your sewer system and your water heater. It's important to keep the plumbing system in your home properly maintained in order to ensure that it's running efficiently.
Answer:
The plumbing industry’s role in protecting the environment by providing safe, fresh water and sanitation through proper management, care, reuse and conservation of natural resources. The industry also plays a major role in the installation of technologies that address concerns about the depletion of fossil fuels and work toward reducing harmful emissions.
Fresh water is in finite supply on Earth and as the key to life is, without question, our planet’s most precious natural resource. The plumbing industry recognizes the tenuous balance mankind must maintain to guarantee its very existence and embraces efforts to ensure we are preserving every drop possible.
Read the case, Cola Wars Continue: Coke and Pepsi in 2010, and the note, How Competitive Forces Shape Strategy (under Files in Canvas), and respond to the following question:
How did Coke and Pepsi compete? Why were they so profitable?
Coke and Pepsi compete in the soft drink industry by using a variety of strategies such as brand differentiation, advertising, price promotions, and distribution.
What is the Competitive Forces about?They have been so profitable because they have established strong brand recognition and have been able to maintain customer loyalty through these strategies.
Additionally, they have effectively utilized economies of scale and scope to reduce production costs and increase efficiency. They have also diversified their product offerings and expanded into new markets. Furthermore, they have formed partnerships with bottlers, distributors, and retailers to enhance their reach and increase their market share.
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Although the ___________can promote a competitive and achievement-based culture, it can also undermine teamwork, decrease employees’ desire to help each other, and encourage an “everyone for himself or herself” attitude.
a. graphical scaling method
b. forced distribution method
c. management by objectives method
d. paired comparison method
A bell-shaped curve must be forced into the employee ratings in order for the forced distribution performance appraisal rating method to be used. Hence option B is correct .
What is forced distribution method ?See Managing Employee Performance for further details.
One technique of performance evaluation that "needs a predetermined percentage of employees be graded at varying levels of performance" is forced distribution, also known as forced ranking. (Robert Heneman) For instance, when ranking employees, it is assumed that 10% of them are the "most effective," and 80% are graded.
In order to evaluate an employee's performance, raters must choose between attributes that are equally good or negative. Last but not least, the forced distribution approach necessitates that a rater assign a predetermined percentage or quantity of workers to various performance categories.
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Ellis Sport Shop projects the following sales: Extra Credit – 5 Pts Ninety percent of Ellis' sales are on credit with 60 percent of receivables collected in the month after the sale and the rest of receivables collected in the second month after the sale. February sales were $60,000 and March sales were $70,000. In the past Ellis' bad debt percentage has been 0 and is expected to continue. a) Prepare a monthly schedule of cash receipts for April-June.
Here is the monthly schedule of cash receipts for April-June as given in the solution below
The monthly schedule of cash receiptApril:
Credit sales from February: $60,000 x 90% = $54,000
Cash collected from February credit sales: $54,000 x 60% = $32,400
Credit sales from March: $70,000 x 90% = $63,000
Cash collected from March credit sales: $63,000 x 60% = $37,800
Total cash receipts for April: $32,400 + $37,800 = $70,200
May:
Cash collected from remaining February credit sales: $54,000 x (100% - 60%) = $21,600
Cash collected from remaining March credit sales: $63,000 x (100% - 60%) = $25,200
Total cash receipts for May: $21,600 + $25,200 = $46,800
June:
No cash receipts expected.
Note: This schedule assumes no bad debt, which is consistent with Ellis' past experience and expectations.
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Rajesh wants to become an ideal manager. For this he reads many management books. After reading various broad and general guidelines he prepares f to apply them and make his work more meaningful. The necessary outcome will be his improved output. Which concept of management has been highlighted here?
Continuous improvement is the concept of management has been highlighted here
Which concept of management has been highlighted here?The concept of management highlighted in this scenario is "Continuous Improvement." Rajesh is seeking to improve his skills as a manager by reading management books and applying the guidelines he learns to make his work more meaningful.
By continuously improving his knowledge and abilities, he hopes to achieve better results and become an "ideal manager." Continuous improvement is an approach to work and management that emphasizes the ongoing improvement of processes, systems, and individual performance in order to achieve greater efficiency, quality, and customer satisfaction.
It is a key component of modern management practices and is often associated with methodologies such as Total Quality Management (TQM) and Lean Management.
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Professor Yoon has a strong desire to be viewed as a good person by his students. So, he has given an "A" grade to all of the students who took MGMT 3302 last semester although many students have done poorly in the course and did not deserve an "A" grade. This is an example of a(n) __________________ error.
a.halo effect
b.recency
c.leniency
d.central tendency
The tendency for positive perceptions of a person, business, brand, or product to favourably influence one's view or feelings in other areas is known as the "halo effect" Hence option A is correct .
What is Halo Effect ?"The phenomena whereby judges tend to be influenced by their prior evaluations of performance or personality" is known as the "halo effect." [A cognitive bias known as the "halo effect" may discourage someone from adopting a person, a product, or a brand based on the idea of an erroneous perception of what is good or bad.
Edward Thorndike was the author of the phrase. The halo effect can be explained simply as when someone finds someone appealing in a picture.
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A Troubador is... *
O An English word for Trouble Maker
O A Buddhist Monk
O A traveling Sacred Musician
A traveling Seculary Musician
Answer:
A troubadour was a poet and musician of the Middle Ages who performed songs about chivalry and courtly love. Troubadours were mainly active in the courts of the Frankish nobility and played an important role in the development of vernacular literature in medieval Europe. Their songs were typically performed with a musical instrument, such as a lute or a harp, and helped to spread stories, news, and cultural values across the continent.
How much money needs to be set aside today to purchase a new piece of equipment in 3 yrs? The money is expected to 9% interest compounded annually and the piece of equipemt is expected to increase by 3% per year. The present cost of the equipment is $75,000.00.
The amount of money that is needs to be set aside today to purchase a new piece of equipment in 3 yrs is: $75,000.00.
How to find the present value?First, calculate the future value of the equipment:
Future value = $75,000 * (1 + 0.03)^3
Future value = $78,225
Next, calculate the present value using the formula:
PV = FV / (1 + r)^t
Where:
PV is the present value =?
FV is the future value = $78,225
r is the interest rate = 0.09
t is the number of years = 3
Plugging in the values, we get:
PV = $78,225 / (1 + 0.09)^3
PV = $75,000.00
Therefore $75,000.00 needs to be set aside today to purchase the equipment in 3 years.
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You have discovered that one of you closest friends at work has stolen a large sum of money from the company. Would you do nothing? Go directly to an executive to report the incident before talking about it with the offender? Confront the individual before taking action? Make contact with the individual with the goal of persuading that person to return the money?
Answer:I would recommend confronting the individual before taking any action. It is important to first discuss the issue with the offender to understand the situation and whether it was intentional and deliberate. If the offender is uncooperative or unwilling to return the money, then the next step would be to go directly to an executive to report the incident.
Explanation:
How does a racial caste system and mass incarceration affect the eligibility for black and brown American citizen rights, including financial assistance programs?
Many Americans believed that discrimination in housing, education, employment, and voting rights had been eliminated by the civil rights laws of the 1960s, yet it is currently entirely permissible to do so against anyone who is classified as a "felon."
What is the situation of black and brown American citizen rights?
Today, there are more African Americans in prison or jail, on probation, or on parole than there were when they were slaves in 1850.
Racial discrimination is still as prevalent today as it was during slavery or the post-slavery era of Jim Crow segregation because many more individuals of color than whites are rendered felons by the entire system of mass imprisonment. The thesis of a book that inspired a fresh social movement is as follows: The New Jim Crow: Mass Incarceration in the Age of Colorblindness by Michelle Alexander.
With the adoption of the Civil Rights Act of 1964 and the Voting Rights Act of 1965, the fierce Civil Rights movements of the 1950s and 1960s appeared to put an end to the Jim Crow era. But as the book shows, the racial caste structure still exists; it has just been reorganized. Alexander discusses how the "War on Drugs" targets black men as part of the criminal justice system's new racial control scheme.
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Why brand image matters summary
The brand image matters because it impacts what people think about you, even before they experience the business firsthand. It can set apart and boost the business bottom line.
It is important in developing strong brand equity and therefore competing successfully in the market. It is found that positive brand image could influence customer loyalty so that they would repurchase more product or service and recommend others to buy as much as 41.8%.
What is Brand ImageBrand image is a consumer's interpretation of your company and its products and services. A strong brand image makes a product stand out from near-identical competitors in the same market space.
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Delivering a Presentation Video Discussion
1. Create one powerpoint slide that lists 5 delivery tips from this lesson that you will apply to the upcoming presentation (provide page
numbers from the book and time markers from the video to support your response).30 points
A video presentation is a recording that includes multiple slides, audio, video narration, animation, and images in order to effectively convey specific information to an audience.
What is the main advantage of presentation?The ability to engage with your audience is the main benefit of any presentation. On the other hand, you must assume certain things about your audience when you are presenting information in a document.
As a narrative arc in comparison to other forms, storytelling is more deeply ingrained in our brains. Additionally, using video to engage viewers and tell stories The best storytellers are frequently the best communicators for a reason. A good story draws people in.
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The buffer in a theory of constraints system
Buffers are used throughout the theory of constraints. These often occur as part of exploits and subordinate of the five focusing steps. Buffers are placed in front of control constraints to avoid running out of constraints, ensuring constraint is never starved.
What is the concept of Theory of Constraints?Theory of Constraints is a method of identifying the main limiting factor (or constraint) that prevents the achievement of a goal and systematically improving that constraint until it is no longer the limiting factor.
What are main steps of Theory of Constraints?There are five main steps of Theory of Constraints: Identify limits. Make use of constraints. Subordinate everything else to the constraint. Increase constraints.
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Wade Abercrombie owns 90 shares of Allegheny Energy for
which he paid $41.56 per share. The company pays annual
dividends of $1.72 per share.
a. What is the total annual dividend?
b. What is the annual yield?
If Wade Abercrombie owns 90 shares of Allegheny Energy for
which he paid $41.56 per share. The total annual dividend is $157.80 and the annual yield is 4.10%.
How to find the total annual dividend?a. What is the total annual dividend?
The total annual dividend multiplying the number of shares owned by the dividend per share:
Total annual dividend = 90 shares * $1.72/share
Total annual dividend = $157.80
b. What is the annual yield?
To calculate the annual yield, divide the annual dividend by the cost per share and multiply by 100 to get the percentage:
Annual yield = ($1.72 / $41.56) * 100
Annual yield = 4.10%
Therefore the total annual dividend is $157.80 and the annual yield is 4.10%.
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Hello please help! I need a 3 paragraph response!
How has social media impacted the way companies do business locally and globally? What other technological forces do you think will impact the global business landscape in the next five years?
Social media was the attract the global companies of the attract customers.
Artificial intelligence and the Robotic process automation was the global business landscape in the next five years.
What is Social media?Social media is a term used to describe online communication. Social media systems enable users to have discussions, exchange information, and create content for the internet. Social media mostly used in the youth. The social media are to share the information quickly.
Social media marketing are the best marketing are to attract the consumer on the large level of the audience. They grab the target audience on the few of the minutes. The next five year are the technology to the advanced level are the included the artificial intelligence and the robotic process automation.
As a result, the significance of the Social media are the aforementioned.
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Assignment for Intermediate Financial Accounting One Identify the purpose of financial reporting. Describe the qualitative characteristics of accounting information. Identify the elements of financial statements. The following information is available for Inverness Ltd.'s second year in business: Opening merchandise inventory is Br 35,000. Goods are marked to sell at 35% above cost. 1. 2. 3. 4. ● ● • Merchandise purchased totaled Br 600,000. . Collections from customers are Br 420,000. Ending merchandise inventory is Br 225,000. Opening accounts receivable balance is $0. Ending accounts receivable balance is $85,000.
Financial reporting is the process of producing and presenting financial information that is useful to stakeholders in making economic decisions.
What is Financial reporting?The purpose of financial reporting is to provide transparency and accountability to stakeholders, enabling them to assess the financial performance and position of an entity and make informed decisions.
The qualitative characteristics of accounting information are the attributes that make it useful for decision-making. The most important characteristics are understandability, relevance, reliability, comparability, and consistency.
The elements of financial statements are the basic components used to prepare financial reports. The main elements are assets, liabilities, equity, revenues, and expenses.
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1. Identify a deduction you will see on your pay stub. *
O Pay Increase
O State Sales Tax
O Exit Tickets purchase
O Federal Income Tax
Instead of deducting both state and local income taxes, you might choose to deduct state and local general sales taxes. You can choose to utilize your real costs or the optional sales tax tables when calculating the state and local general sales taxes that you want to write off.
On a paycheck, what do deductions mean?The money that an employer must withhold from an employee's paycheck and that they voluntarily choose to withhold. Payroll deductions can be made for taxes, retirement plans, different insurance premiums (medical, dental, and life), or other employee preferences.Instead of deducting both state and local income taxes, you might choose to deduct state and local general sales taxes. You can choose to utilize your real costs or the optional sales tax tables when calculating the state and local general sales taxes that you want to write off.Instead of deducting both state and local income taxes, you might choose to deduct state and local general sales taxes. You can choose to utilize your real costs or the optional sales tax tables when calculating the state and local general sales taxes that you want to write off.To learn more about paycheck refer to:
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You are attempting to use Bluetooth to send files from your phone to your computer. When you try sending the files from your phone it does not display your computer as a device to which it can send the file. What might be the problem?
Verify whether the Bluetooth hardware is present, whether the driver is installed, and whether the computer's Bluetooth is detectable.
What is Bluetooth?A short-range wireless technology standard called Bluetooth is used to create personal area networks and exchange data over short distances between stationary and mobile devices.
Check the laptop's bandwidth because it might have been utilizing a different amount, as well as if the flight mode is on or off. If flight mode is on, switch it off before checking to see if the drivers are correctly installed.
The phone doesn't need to be on for a Bluetooth connection, and we can couple up to 8 devices; these devices only turn on when necessary to build a pico net network connection.
Therefore, check whether the Bluetooth hardware is present, or not.
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What is a tax free savings account that can only be used for educational expenses
A tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.
What is the significance of the savings account?Savings accounts keep track of personal expenses such as a person's bank balance, which can be withdrawn when needed; savings accounts earn interest as a result, the money grows over time and helps the person get a loan with a certain amount, etc.
Hence, tax-free savings account that can only be used for educational expenses is called a 529 plan, which is specifically designed for education purposes and includes education expenses such as tuition, fees for books, etc.
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Me and m y neighbor agreed on $10.25 a hour
How many would it take to get 8,425 dollars
Answer:
Explanation: it will take 821.951219512 hours
4) Mr. Arian opened Arian’s Carpet Cleaners on March 1, 2021. During March, the following transactions were completed.
Mar. 1: Invested Br. 35,000 cash in a share of a business.
Mar. 1: Purchased used Truck (equipment) for Br. 6,000, paying Br. 2,000 cash and the remaining balance on account.
Mar. 3: Purchased cleaning supplies for Br. 1,500 on account.
Mar. 5: Paid Br. 1,200 cash on one-year insurance policy effective March Mar. 14: Billed customers Br. 4,800 for cleaning services.
Mar. 18: Paid Br. 1.500 cash on amount owed on Truck and Br. 500 on amount owed on cleaning supplies.
Mar. 20: Paid Br. 7,000 cash for employee salaries.
Mar. 21: Collected Br. 3,800 cash from customers billed on Mar. 28: Billed customers Br. 2,500 for cleaning services.
Mar. 31: Paid advertising expenses of Br. 2000. Mar. 31: paid a dividend of Br. 3000.
Requirements:
1) Journalize the March transactions.
2) Prepare necessary Ledger Accounts.
3) Prepare a Trial Balance at March 31
4) Journalize the following adjustments and prepare an adjusted Trial Balance:
i. Earned but unbilled revenue at March 31 was Br. 1000.
ii. Depreciation on equipment for the month was Br. 200.
iii. One-twelfth of the insurance expired.
iv. An inventory count shows Br. 400 of cleaning supplies on hand
v. Accrued but unpaid employee salaries were Br. 700.
5) Prepare the worksheet
6) Prepare an income statement, a statement of owner’s equity, and a statement of financial position.
7) Maintain the necessary closing entry.
In order to document a business transaction in the accounting records of the company, a journal entry is employed.
What is Journal Entry ?A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarised. After then, the general ledger is utilised to produce the company's financial statements.
Every business transaction should be recorded in at least two places, according to the reasoning behind a journal entry (known as double entry accounting). For instance, when you make a cash sale, the revenue account and the cash account are both increased. Alternatively, if you purchase items on credit, this raises both the accounts payable and inventory accounts.
The required journal entries are as below-
Date Particulars Debit (Br.) Credit (Br.)
Mar. 1 Cash a/c 35,000
To Capital a/c 35,000
(To start a business with cash)
Mar. 1 Truck a/c 6,000
To Cash 2,000
To Notes payable 4,000
Mar. 3 Cleaning supplies a/c 1,500
To Accounts payable 1,500
(To purchase supplies on account)Account
Mar. 5 Insurance policy a/c 1,200
To Cash a/c 1,200
(To record the payment of insurance policy)
Mar. 14 Accounts receivable a/c 4,800
To Service revenue a/c 4,800
(To billed customers for services)
Mar. 18 Notes payable a/c 4,000
Accounts payable a/c 1,500
To Cash a/c 5,500
(Being cash paid to truck and cleaning service due amount)
Mar. 20 Salary a/c
To Cash 7,000
(To paid salary) 7,000
Mar. 21 Cash a/c 3,800
To Accounts receivable a.c 3,800
(To collect billed amount)
Mar. 28 Accounts receivable a/c 2,500
To Service revenue a/c 2,500
(To bill customers for services)
Mar. 31 Advertising expense a/c
To Cash a/c 2,000
(Being advertising expense paid) 2,000
Mar. 31 Dividends a/c 3,000
To Cash a/c 3,000
(Being dividend is paid)
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What has happened economically in China during the past twenty-five years?
three sources
proper APA format.
China's economy has undergone significant growth and transformation in the past 25 years. The key events include:
Adoption of market-oriented reforms, leading to increased economic openness and foreign investmentRapid industrialization and urbanizationEmergence as a major player in global tradeSignificant reduction in poverty and improvement in living standardsShift from an export-oriented to a consumption-driven growth model etc.What happened economically in China during in last 25 years?According to official statistics released recently, China's economy grew at its slowest rate in 25 years last year. According to the National Bureau of Statistics, the Communist-led country's economy expanded 6.9% overall in 2015 and 6.8% in the fourth quarter.
The annual figure was broadly in line with analysts' expectations, but the fourth-quarter figure was one percentage point lower. Chinese markets, which have recently been volatile, reacted calmly to the news, trading mostly flat in the morning and closing 3.2% higher in the afternoon.
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which option is best described as a complementary good for trucks?
A. truck blogs
B. Truck Fuel
C. Truck factories
D. Truck regulations
The option that is best described as a complementary good for trucks is A. truck blogs.
What is complementary good ?A good that adds value to another good or service is said to be complimentary. To put it another way, they are two items that the client uses in tandem with one another. For instance, cereal and milk or a DVD and a DVD player.
A complementary good in economics is one whose appeal rises along with the appeal of its counterpart. Technically speaking, it exhibits a negative cross elasticity of demand, meaning that when the price of one commodity lowers, demand for it also rises.
Therefore, option A is correct.
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Assume that a business firm finds that its profit is greatest when it produces $40 worth of product A. Suppose also that each of the three techniques shown in the table below will produce the desired output.
Resource Units Required
Resource Price per Unit of Resource Technique 1 Technique 2 Technique 3
Labor $ 3 5 2 3
Land 4 2 4 2
Capital 2 2 4 5
Entrepreneurial ability 2 4 2 4
a. The industry will grow. and that expansion will come to an end when profit reaches zero.
b. The firm will adopt the new technique because the total cost will be 32, based on the resource prices in the table.
How are profit generated and used in a firm?Profit most occurs when the company's budget allocation is higher and the technology it employs is less expensive; otherwise, the company will lose money. The company will only be able to expand if it makes a profit; otherwise, it will contract.
a) Based on the resource prices shown, the firm will select technique 2 because its total cost is 34, as opposed to 35 for techniques 1 and 3.
The profit from using that technique will be:
TP = 40 - 34
TP = 6.
b) If technique 4 is developed, which combines 2 units of labor, 2 units of land, 6 units of capital, and 3 units of entrepreneurial ability, the firm will adopt the new technique because the total cost will be 32, based on the resource prices in the table.
Missing words "a) With the resource prices shown, which technique will the firm choose? Why? Will production using that technique entail profit or loss? What will be the amount of that profit or loss? Will the industry expand or contract? When will that expansion or contraction end? b) Assume now that a new technique, technique 4, is developed. It combines 2 units of labor, 2 of land, 6 of capital, and 3 of entrepreneurial ability. In view of the resource prices in the table, will the firm adopt the new technique? Explain your answer.
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As a stock analyst Mooch covers the common stock of GE, which sells for $11 per share and just paid a dividend of $.52. The best estimate Mooch can come up is that the dividends for GE will be $.55 and then $.605 for the next two years, with steady state annual growth rate of 10 percent thereafter. What required return per year for the common stock of GE must be?
If as a stock analyst Mooch covers the common stock of GE, which sells for $11 per share and just paid a dividend of $.52. The required return per year for the common stock of GE must be is 5%.
How to find the required return?Let make use of Gordon Growth Model to calculate the required return per year for the common stock of GE.
Gordon Growth Model formula:
Required return = D1 / (P0) + g
Where:
D1 = next year's dividend = $.55
P0 = current price of the stock = $11
g = steady state growth rate of dividends =10%
Let plug in the formula
Required return = $.55 / ($11) + 0.10
Required return = 5%
Therefore the required return per year for the common stock of GE is 5%.
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The characteristic that means the actions of one partner are binding on all other partners is known as
Answer:The following are five characteristics of a partnership: Sharing of profits and losses. Mutual agency. Unlimited liability.Lawful business.
The characteristics of partnerships are different from the sole proprietorships already studied in basic accounting. Some of the more important characteristics follow Mutual Contribution. There can not be a partnership without the contribution of money. Division of Profit and Losses each partner must share profits and losses. Mutual Agency any partner can bind the other partners to a contract. If he or she is acting within his express or implied authority.
Explanation:
Finance question in the picture provided:
Please explain the answer to this question to me thanks
The market cap is $9000.
What is market capitalization?
The word "market capitalization" describes a company's value as decided by the stock market. The total market value of all outstanding shares is how it is described.
Market capitalisation traditionally divides companies into three categories: small-cap ($300 million to $2 billion), mid-cap ($2 billion to $10 billion), and large-cap ($10 billion or more).
Market capitalization is frequently used to establish a company's size before comparing its financial performance to that of other businesses of varying sizes.
Because they represent more established organisations with often longer histories in operation, corporations with greater market capitalizations are frequently safer investments in the world of investing.
Market cap is calculated by taking the current share price and multiplying it by the number of shares outstanding.
Stock price: $10. Outstanding shares: 900
Market cap: $10 x 900 = $9000
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Explain how each of the following groups are economically interdependent.
a. merchants, apartment units, city hall
b. courthouse, hospital, merchants
Economic interdependence is the relationship between two people, organisations, religions, companies, regions, or nations.
What does economic interdependence mean?where each is dependent on the other for the provision of essential commodities and services.Economic interdependence is a term used to describe a measurement of the value of economic transactions between two countries or between a country and the rest of the globe, which may be scaled to total national production or a measure of total financial assets.Economic interconnectedness has the advantage of fostering economic growth in both more and less developed countries.BEIJING — The two nations' economic interdependence has reached an unprecedented level as a result of the rapid expansion of bilateral commerce and the growing economic linkages between Germany and China over the past 20 years, a report released on Tuesday revealed.To learn more about Economic refer to:
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b. What amount did Lowe's pay in cash to its suppliers during fiscal year ended February 2019?
Using the T-accounts, the amount Lowe paid in cash to its suppliers during the fiscal year ended February 2019 was B. $29,101 million.
How the amount of payment is determined:From the T-accounts for Merchandise Inventory and Accounts Payable, we can determine the amount paid.
After posting the purchases for the period into the two accounts, the difference between the debit and credit sides of the Accounts Payable gives the amount paid to suppliers.
Merchandise InventoriesAccount Titles Debit Credit
Beginning balance $5,911
Accounts Payable 29,238
Cost of goods sold $28,443
Ending balance $6,706
Accounts PayableAccount Titles Debit Credit
Beginning balance $2,695
Merchandise 29,238
Cash payment $29,101
Ending balance $2,832
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Question Completion with Answer Options:During a recent fiscal year, Lowe's purchased merchandise inventory at a cost of $29,238 ($ millions). Assume that all purchases were made on account and that accounts payable is only used for inventory purchases. The following T-accounts reflect information contained in the company's balance sheets in millions.
What amount did Lowe's pay in cash to its suppliers during the fiscal-year?
Merchandise InventoriesBeginning balance $5,911
Ending balance $6,706
Accounts PayableBeginning balance $2,695
Ending balance $2,832
A. $29,238 million
B. $29,101 million
C. $137 million
D. $2,832 million
1. Entrepreneurship denotes a process through which an entrepreneur seeks more of creativity, than innovation for creating wealth. of creativity, than innovation for creating wealth.
The given statement that "Entrepreneurship denotes a process through which an entrepreneur seeks more of creativity, than innovation for creating wealth. of creativity, than innovation for creating wealth is true.
What does the term "entrepreneur" mean in terms of business?An entrepreneur is someone who has an idea and tries to develop a good product or service that others will purchase, together with a business to help them in their endeavor. An entrepreneur is seen as a visionary or an innovator since they take on the majority of the risk and responsibility for their new company.
The aptitude and preparedness to create, plan, and manage a business enterprise—along with all of its uncertainties—in order to turn a profit is what is meant by entrepreneurship. The creation of new firms is the most visible illustration of entrepreneurship.
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complete question
TRUE /FALSE