What is the meaning of cash in the balance sheet?
Answer:
The cash balance reported on a balance sheet is the cash in your bank adjusted for payments and receipts that have not yet cleared. For example, writen but not cashed cheques, or recieved but not yet deposited cheques.
Explanation:
Which describes the purpose of non-sufficient funds fees? penalize customers for writing checks for money they don't have make sure customers keep sufficient funds in their account pay for the costs of having bank employees collect funds for withdrawals from a competitor’s machine
Answer:
A: penalize customers for writing checks for money they do not have
Explanation:
A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.
In Financial accounting, a bank statement can be defined as an official summary or list of financial transactions, which typically comprises of the amount of money that has been paid into or withdrawn from an account by an individual or business entity over a specific period of time.
Generally, a bank statement usually has the following information charges, deposits, withdrawals, including the opening and closing balance for each account held at a given the period. Thus, bank customers are advised to frequently reconcile their records with bank statements in order to prevent non-sufficient funds (NSF) checks.
A non-sufficient funds (NSF) checks refers to a check that is not honored by the bank of the issuer due to the fact that the individual or business entity has an insufficient fund. It is also known as a bounced or bad check.
Hence, the purpose of non-sufficient funds fees is to customers for writing checks for money they do not have. In the United States of America, the fee charged for non-sufficient funds (NSF) checks is between $27 to $35.
The purpose of non-sufficient funds fees is to penalize customers for writing checks for money they don't have.
Charges, deposits, withdrawals, as well as the starting and closing balances for each account maintained at a certain time period, are often included on a bank statement.
In order to avoid non-sufficient funds (NSF) checks, bank customers are encouraged to routinely reconcile their records with bank statements.
When a bank account does not have sufficient funds to support a payment, an NSF fee, also known as a non-sufficient funds fee, is charged.
A cheque that cannot be processed because the writer does not have enough money is referred to as a "bounced cheque."
Therefore, the correct option is "penalize customers for writing checks for money they don't have".
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In early 2018 businesses bought more inventory, increasing GDP. What would happen
if consumers didn't buy those goods?
Answer:
If a company increases its final goods inventory level, that will increase the country's GDP even if the goods are not sold during the current period (they will be sold in future periods). Increases in inventory level are considered part of Investment component of the GDP.
If the inventories are not sold during the year (2018) and if they continue to be unsold during part of 2019, that will negatively affect the GDP because fewer goods will be purchased to replenish these inventories and the market price of the goods will also decrease. The market price of goods is determined by the supply and demand. If the supply is much higher than the demand and inventories start to pile up, their price will decrease in order to increase the quantity demanded. If the volume of the goods in inventory is significant enough, this should lower the inflation rate.
What can be a benefit of using interviews to select employees to hire?
A. Insights from employees' examples
B. Accurate prediction of honesty
C. Good measurement of intelligence
D. Errors from employee bias
Answer:
B. Accurate prediction of honesty
Explanation:
Interviews are one of the most effective tools that human resource managers use to determine if a candidate is a match or not for a specific job. Flexibility is the key word here. That allows both the candidate and the interviewer, the possibility of understanding what are the skills needed for a certain job and if the candidate possesses them. When someone answers a test, you can tell if the candidate knows about the subject or not, but when he/she is interviewed, you can ask for more detail and examples that help clarify the candidate's ideas, expectations and capabilities. E.g. a candidate states that he/she knows how to use WordPress very well, and the interviewer can ask him/her about specific tasks to verify if that is true.
Answer:
A. Insights from employees’ examples
Explanation:
Just took the quiz.
What is Economic Utility
Answer:
Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. ... The economic utility of a good or service is important to understand, because it directly influences the demand, and therefore price, of that good or service
Explanation:
Answer: The capacity of a good or service to meet the demand of a consumer. The amount of economic utility of a good or service determines what the demand will be for that good or service, which impacts the price that people will be willing to pay to obtain it
what are connections between levels of investment and economic growth during the financial crisis of 2008 and 2009
Answer:
it became better over the years
Explanation:
because after a while what ever was created became life to people in the new wrld and devices became more and more popular
Answer:
When viewed and analyzed together, economic indicators and market
indexes can provide a clear picture of economic growth. The main measure of economic growth is gross domestic product or GDP. If GDP declines, we can safely say that the economy is shrinking. Market data indicates that this change took place during the financial crisis in 2008 and 2009. These changes match trends in employment. As employment dropped, so did the economy's growth. Finally, these changes correspond to market indexes. Prices and market demand dropped as other indicators dropped in turn. Altogether, these indicators and indexes provide a clear pattern for analyzing economic changes.
Explanation:
edg 2020
7 stores steps in decision making process
In a SWOT analysis, which two things represent external conditions and factors that may affect your company? A. Strengths and opportunities B. Weaknesses and threats C. Strengths and weaknesses D. Opportunities and threats
Answer:
The SWOT analysis is done by considering two factors i.e. internal factor and external factors. The external factors are the threat and opportunities which are provided from the outside. These external factors include technological change and socio-cultural change that can affect your company.
what is work?
1. Work refers to any useful activity.
2. Is a business.
3. Consist of certain tasks.
4. Series of related jobs or occupations.
Answer:
4
Explanation:
A job, employment, work or occupation, is a person's role in society. More specifically, a job is an activity, often regular and often performed in exchange for payment. Many people have multiple jobs. A person can begin a job by becoming an employee, volunteering, starting a business, or becoming a parent
Question #7
Choose the era that best matches the statement given.
The ____ immediately followed the Great Depression.
Answer:
recession
Explanation:
The great recession followed the great depression
Imagine you know someone starting off in his or her first career. Based on what you learned in the module, what financial advice would you give this person and what challenges might he or she face?
Answer:
The most important and basic financial advice we can give to a person starting his career is to only spend as much as the person earns.
Explanation:
Because starting salaries tend to be lower than average, it is not very likely that this person will be able to save, but keeping a balanced personal budget will be very helpful anyway.
A second advice is to avoid debt on consumer goods, and only use debt for long-term investments like a house or a graduate degree. Credit card debt should be specially avoided because of the very high interest rates.
Finally, a third advice is that once this person earns enough to save, to look for safe financial instruments to put his or her money, like a mutual fund or a money market fund.
explain the law of diminshing marginal utility with diagram?
Answer:
Draw graph.
Make DMU line
Draw line increasing until a peak.
Then Drop at same rate as increase.
Explanation:
Just like the law of Diminishing marginal returns, The Law of diminishing marginal utility will max out at a certain point. This point is usually where the firms payment, space, and other capabilities are maxed out at the moment.
4. If your checking account's balance is
$3,678.89 and you withdraw $1,514, what
is the remaining balance?
A $2,164.89
B $5,192.89
C$2,614.89
D $3,678.89
(Step by step ) please
Inflation generally means
a)all of these
b)things will cost less
c)things may cost more or less or same
d)that things will cost more
Answer:
D things will cost more
People are living paycheck to paycheck why is that a problem
Courtney is a senior in college and just started her first job as a sales associate. At her new job, she expects to make about $24,000 per year. She is excited to receive her first paycheck, which is given twice a month. Courtney learns that 15% of her gross pay will be withheld for federal income tax, 4% for state income tax and 6% for Social Security and Medicare taxes. Help Courtney figure out what her take home, or net pay is, and how much she will pay in taxes each paycheck.
State:
Social Security and Medicare:
Answer:
Take home $750
Taxes =$250
Explanation:
Courtney earns $24,000 per year. She is paid twice per month. One year has 12 months. Courtney will be paid 24 times a year.
Courtney will be paid $24,000/ 24 times per paycheck
=$1000
Her deductions will be
1. Federal income tax 15% of 1000
=15/100 x $1000
=$150
2. State income tax
=$4% of 1000
=4/100 x 1000
=$40
3. Social security and medicare
=6% of 1000
=6/100 x 1000
=$60
take home will be gross pay - total deductions
=$1000-($150+$40+$60)
=$1000 -$250
=$750
Total taxes per pay check =$250
Business Ventures - Part 1 Directions 1. Create a list of possible business ventures. 2. Now, you need to choose a legal form of business ownership. Once you've chosen, list the advantages and disadvantages of the one you selected.
Answer:
I'm thinking about three different businesses which I would be able to start on my own:
A small landscaping business that would be organized as a sole proprietorship. Since the business is relatively small, and I will actively participate in it along with a few other employees, I do not need any partners. The advantage of this business is that I have complete control and it is really easy to set up. The main disadvantage is that I'm personally liable for the company's obligations. The second type of business would be an accounting firm. This is a little more complex, and required more capital. Therefore, I need to associate with a couple of friends. This would result in a limited liability partnership, which is a separate entity (no personal liability). The IRS considers LLP as pass through entities, so we will not be double taxed as a corporation. The disadvantage is that my friends and I will have to learn to work together and solve normal work related problems without ending our partnership and our friendship. If I get really ambitious, I could try to set up an investment firm. Since I'm not a millionaire, I would need to form a corporation. The main advantages of a corporation are that you can raise more money and no personal liability. But the disadvantages are double taxation and less control on the company's operations.
2. Choose any national or global chain with an online presence. Do a web search and spend time looking at their website. List the company's strengths in the space below. You may write in complete sentences or list form. (5-10 strengths) TIP: Look for strengths in different areas (product, price, promotion, place, sales, distribution).
The correct answer to this open question is the following.
I choose the Amazon website to answer this question.
These are the strengths of this global company.
-First, it has a presence almost worldwide, due to the benefits of e-commerce.
-Reputation. It has a good reputation because serves the customer well.
-Infrastructure. World-class facilities and delivery infrastructure to get the product on time.
-Variety of products. You access the company's website and can find anything. From books to toys, movies, and furniture.
-Prices. Accessible or competitive process because that is the advantage of e-commerce.
-Customer Service. Good client service that aims for entire satisfaction.
-Promise of delivery. Delivery time. Period.
Which qualifications are especially useful for Business Financial Management careers? Check all that apply.
advanced math skills
knowledge of finance laws
research skills
knowledge of insurance systems
critical thinking skills
customer-service skills
leadership skills
Answer:
advanced math skills
knowledge of finance laws
research skills
critical thinking skills
There are some qualifications to meet so as to become a business manager.
The qualifications that are especially useful for Business Financial Management careers are:
Advanced math skillsKnowledge of finance lawsResearch skillsCritical thinking skillsBusiness Financial Management, the Skills and Qualifications that are often required are:
Bachelor's degree in business, management, or related field.A minimum of 3 years experience as a business manager or relevant managerial role.A work experience with business and strategy development processes. etc.Some of the Career Options in Management are:
Marketing Manager. Sales Manager. Financial Manager. etc.There are a lot of opportunities to grow one's career as a very skilled specialist.
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Not including a warning label about choking hazards on the box of a new toy
is an example of a defect issue.
0
A. marketing
B. warranty
c. manufacturing
o
D. design
The warning label should inform customers of the risk and offer guidance on how to use the product safely. Thus, option A is correct.
What warning label about choking hazards in marketing?In the US, warning labeling laws must include everything from fall and strangling threats to suffocation hazards and small parts.
This manual provides a succinct explanation of the warning labeling regulations for children's products in the US.
Because of this, the American National Standards Institute mandates that warning labels on products provide the following information: Potential dangers and their seriousness.
Not all items need to carry warning labels, but those that could be harmful or pose a risk to consumers must.
Therefore, marketing is not including a warning label about choking hazards on the box of a new toy is an example of a defect issue.
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Answer: MArketing would be the answer
Explanation: I just took the test
Someone has shared some information with you without proof, therefore you dismiss it as a __________. Later on that day, you hear others repeating the information, you now realize that everyone involved in sharing the unofficial information, has become a part of the _________________.
Answer: Rumors
Explanation: i had this topic last year
By taking socially responsible actions a business may eliminate the need for government controls that regulate what a business can and cannot do.
True
False
To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask? Select three options.
What can go wrong?
What are the alternatives?
How will it affect my status in society?
What is the likely return?
Is the risk worth the return?
To assess the risk and return involved in a purchase decision, the practical questions should a potential buyer ask is
What can go wrong?What is the likely return?Is the risk worth the return?What is a Risk?Risk is the potential that something negative may occur or any uncertainty that will disturb or harm a person's well-being or asset in terms of physical damage or financial loss.
A potential buyer is one who has a keen interest in the deal and is the one who is most affected by any changes that take place in return or cause risk to business activities and purchase decisions.
Your advertising approach can be correctly aligned by understanding the consumer's thinking processes from identifying a need to generating possibilities to selecting a particular product and brand.
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write any 5 safety measures that should be followed while working at industry .
Answer:
1- Personal protection for workers.
2- Health and safety signs and notices.
3- Prevention and protection for fires.
4- Protection devices and security systems.
5- Safety conditions in places where electricity represents a risk
Explanation:
You plan to host three recruiting events. Each event charges $100/hour. If you ran your event for two hours at each event, what would be the total cost?
Answer:
Total cost = $600
Explanation:
Given:
Number of events = 3
Cost per hour = $100
Each event time = 2 hour
Find:
Total cost
Computation:
Total cost = Number of events x Cost per hour x Each event time
Total cost = 3 x 100 x 2
Total cost = $600
Fort Bend ISD Middle School girls’ soccer team won 14 games and lost 5 games. Represent the ratio of wins to losses.
ANSWER ASAP!!
Answer:
14 /5
Explanation:
A win/loss ratio is an expression of won opportunities to lost chances. In this case, won games against lost matches.
The formula for win/loss ratio is as below
=no. of opportunities won/ no. of opportunities lost
In this case, a total of 14 games won and five games lost
i.e., 14 games won, five lost
=14/5
Which phrase best completes the list?
Edit: The correct answer is D
Answer:
The answer is D
Explanation:
because you can't withdrawal money whenever you want that makes long term savings have more interest then savings accounts.
What is the difference between a market economy and a command
economy?
A. A market economy is determined by central authority and a
command economy is determined by consumers.
B. A market economy is determined by consumers while a command
economy is determined by both consumers and central authority.
C. A market economy is determined by both central authority and
consumers while a command economy is determined by only
consumers.
D. A market economy is determined by consumers and a command
economy is determined by central authority.
Answer:
D: A market economy is determined by consumers and a command
economy is determined by central authority.
Explanation:
Because command economy the government own the factors of production such as land, capital, and resources.
Crane Corporation acquires a coal mine at a cost of $476,000. Intangible development costs total $119,000. After extraction has occurred, Crane must restore the property (estimated fair value of the obligation is $95,200), after which it can be sold for $190,400. Crane estimates that 4,760 tons of coal can be extracted. If 833 tons are extracted the first year, prepare the journal entry to record depletion. (I
Answer:
Dr Depletion expense 87,465
Cr Accumulated depletion, coal mine 87,465
Explanation:
total depreciable costs = $476,000 + $119,000 + $95,200 - $190,400 = $499,800
depletion rate = $499,800 / 4,760 tons of coal = $105 per ton of coal
depletion expense during year 1 = $105 per ton x 833 tons = $87,465
Depletion expense is similar to depreciation expense, and is primarily used by extracting companies, e.g. mines, oil companies. Accumulated depletion decreases the book value of the asset.
6. Devonn has a checking account that charges $0.25 for each check written and a monthly service charge of $1200. Write a formule that Devenn can use each morth to find the fees he will be charged. Identify any voriable you use in the formula.
Answer:
1200÷12 or 0.25×1200÷12 maybe? plz tell me if I'm right cuz I actually wanna know too