A goal market refers to one or greater specific companies of practicable consumers toward which an organisation directs its advertising and marketing program.
The process of goal market choice requires a step-by-step strategy starting with segmentation of customers, grouping of products, and growing a market-product grid.
What is a target market example?For example, a kid's toy can also have boys ages 9–11 as the goal market and the boys' mother and father as the target audience. It can also also be defined as the patron phase most likely to be influenced via an advertising and marketing campaign. The target market is also distinct from the consumer persona.
Why is goal market important?Having the proper target market helps you determine where to find conceivable clients who are searching for what you have to offer. If you have a target market, you recognize the place to pay attention your advertising efforts and what to provide that is compelling and properly received.
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Explanation:
Measuring GDP: Approaches
Sajan Rai
How do you measure GDP?
Gross Domestic Product (GDP) is the most widely used measure of a country's economic output. It is calculated as the sum of all goods and services produced within a country's borders in a specific period of time, usually a year. There are three ways to measure GDP:
The production approach: measures the total value of goods and services produced within a country's borders.
The expenditure approach: adds up total spending on consumption, investment, government purchases, and net exports.
The income approach: sums up all the income generated by production, including compensation to employees, gross operating surplus, and taxes less subsidies.
Each approach should give the same GDP number, but the expenditure approach is most commonly used because it is the easiest to obtain data for.
Explanation:
Gross Domestic Product (GDP) is a measure of the total value of goods and services produced in a country over a specified time period, usually a year. There are three ways to measure GDP:
The production approach: This method measures GDP by adding up the value of all goods and services produced within the country's borders, regardless of who owns the factors of production.The expenditure approach: This method measures GDP by adding up total consumption, investment, government spending, and net exports (exports minus imports).The income approach: This method measures GDP by adding up the total income earned by all residents and businesses within a country's borders.Each of these methods should result in the same total amount of GDP, but the expenditure and income approaches are the most commonly used methods for calculating GDP.
Dicte has a small business making based beaded jewelry. The costs of purchasing the beads, semi-precious stones, clasps, and other supplies used to make the jewelry and the rent on her store are the _______ of her business, whereas the assets resulting from the sale of her jewelry are the business's___
The costs of purchasing the supplies and rent are the "expenses" of Dicte's business, whereas the assets resulting from the sale of her jewelry are the "revenues" of her business.
Expenses are the costs that a business incurs in order to operate and generate revenue. These can include the cost of raw materials, labor, rent, and other operating costs. In Dicte's case, the cost of the beads, semi-precious stones, clasps, and other supplies used to make the jewelry, as well as the rent on her store, are considered expenses. Dicte has a small business making based beaded jewelry. The costs of purchasing the beads, semi-precious stones, clasps, and other supplies used to make the jewelry and the rent on her store are the expenses of her business, whereas the assets resulting from the sale of her jewelry are the business revenues.
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when a country allows trade and becomes an exporter of silk, which of the following is not consequence ?a) the price paid by domestic comsumers of skil increaseb) the price recoved by domestic producers skilk increasec) the gains of domestic procedures of silk exceed the losses of somestic consumers of silkd) the price paid by domestic consumers of silk decrease
d) the price paid by domestic consumers of silk decreases is not a consequence of a country becoming an exporter of silk(d).
When a country becomes an exporter of silk, it increases its supply of silk, leading to a decrease in the price of silk in the international market. This leads to an increase in the price of silk paid by consumers in other countries, but not necessarily a decrease in the price of silk paid by domestic consumers.
In fact, the price paid by domestic consumers is likely to increase, as domestic producers are able to sell their goods at a higher price on the international market, leading to higher profits. This increase in the price paid by domestic consumers is the result of the increase in producer surplus, as domestic producers are able to sell their goods at a higher price.
In conclusion, the increase in the price paid by domestic consumers of silk is a consequence of a country becoming an exporter of silk. This is due to the increase in the price received by domestic producers of silk, leading to higher profits and an increase in producer surplus.
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calculate the absolute and percentage change in the percent of unrestrained passenger vehicle fatalities. include appropriate units. write a sentence to interpret each result.
The percentage change of 33.33% in the percent of unrestrained passenger fatalities from 2018 to 2019 indicates that the rate of increase in the number of fatalities was 33.33% higher in 2019 compared to 2018.
Percentage change is a useful tool to measure how much a value has changed over time. It can be expressed in absolute or relative terms.
Let's say we have data for the year 2018 and 2019, and the percent of unrestrained passenger vehicle fatalities for 2018 was 30% and for 2019 was 40%.
Absolute change = 40% - 30% = 10%
This means that the number of unrestrained passenger fatalities increased by 10% from 2018 to 2019.
Percentage change = (Change in Value / Original Value) * 100
Percentage change = (10% / 30%) * 100 = 33.33%
This means that the percent of unrestrained passenger fatalities increased by 33.33% from 2018 to 2019.
The absolute change of 10% in the percent of unrestrained passenger fatalities from 2018 to 2019 indicates that there was an increase of 10% in the number of fatalities in 2019 compared to 2018.
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Effective internal control over cash requires segregation of duties. Which of the following duties should be segregated?
The concept is Internal control. It is a process that guarantees the achievement of the organization's objectives in terms of effectiveness and operational efficiency.
Delegated responsibilities include:
Opening the mail and depositing checks at the bankDepositing checks in a bank and entering the receipts in the books of accountsInternal control is a process implemented by the company's board of directors, management, and other employees to obtain reasonable assurance that: Information is reliable, accurate, and up to date.
Compliance with applicable laws, regulations, contracts, policies, and procedures. Internal controls make the organization more process-oriented than people-oriented, reducing the risk of over-reliance on certain key employees.
Internal controls can identify redundancies in operational and compliance procedures and provide an opportunity to streamline operations.
Question:
Effective internal control over cash requires isolation of duties. What duties should be insulated?
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for purposes of safeguarding customer information, which of the following would be considered a covered account?
A margin account in the name of Mary Beth Simmons. So, option b. is the correct answer. The term covered account does not pertain to institutional customers, such as banks, pension funds, and investment companies.
A covered account is an account especially for personal, family, or household objectives, that implicates or is organized to allow multiple expenses or transactions, or any different account for which there is a reasonably foreseeable threat to customers or the security and soundness of the financial institution or creditor from individuality theft. Each financial institution and the creditor must occasionally discern whether it proposes or maintains a covered account.
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Complete question:
For purposes of safeguarding customer information, which of the following would be considered a covered account?
A. An account in the name of the State of X employee pension fund
B. A margin account in the name of Mary Beth Simmons
C. An account in the name of the Wells Morgan Bank
D. A margin account in the name of the Interglobal Hedge Fund
Which definition of states a partnership in which two or more companies often from different countries join to undertake a major project?
The type of partnership in which two or more companies often from different countries join to undertake a major project is Joint Venture.
What is a Joint Venture ?A joint venture is a business agreement in which two or more companies or individuals come together to jointly undertake a specific project or business activity. In a joint venture, the partners share the resources, risks, and profits of the project.
The partners typically have a specific goal or objective for the joint venture and work together to achieve that goal. Joint ventures can take various forms and can be established for a limited time or for the long-term.
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According to Mr. Wheeler, Accountants look through the rear view mirror and the Finance team looks through the windshield.TrueFalse
The statement according to Mr. Wheeler, Accountants look through the rear view mirror and the Finance team looks through the windshield is false. A finance team is a department within your company that manages all tasks associated with the financial health of your business.
A finance team typically oversees a wide range of duties, including Accountants, recordkeeping, office work, and cash flow. The following are some of the traditional goals of the finance department: consolidation of financial data and adherence to accounting and financial standards ensuring that strategic planning procedures are carried out correctly. the capacity of the business to maximise profits to determine its profitability.
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On January 1, 2017, Plaid Corporation begins construction on a new warehouse. The construction project qualifies as a self-constructed asset. Plaid had the following expenditures on the project during 2017:January 1, 2017$200,000July 1, 2017$600,000December 1, 2017$120,000What are the average accumulated expenditures used to calculate capitalized interest on the project in 2017?
The average accumulated expenditures used to calculate capitalized interest on the project in 2017 can be found by adding up the total expenditures made during the year and dividing by 2.
Total expenditures in 2017: $200,000 + $600,000 + $120,000 = $920,000
Average accumulated expenditures: $920,000 / 2 = $460,000
So, the average accumulated expenditures used to calculate capitalized interest on the project in 2017 is $460,000.
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which statement best explains why a large number of agricultural products are imported into the united states from chile?
The cost of production is diminished by Chile's expensive work. the top commodities of American agribusiness are grains and feeds, soybeans, steers items, tree nuts, natural products, vegetables, and other green merchandise.
Comparable farming strategies, like the development of wheat in China and the US, are commonly upheld by midlatitude conditions. Reasonable work in Chile diminishes the expense of creation. The organizations of creation and circulation have become more productive.
Business cultivating alludes to rural practices where harvests and creatures are raised for benefit. Ranchers develop immense lots of land with critical hardware usage since they should deliver a high volume of food.
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To convert cash receipts from customers to revenue on an accrual basis, which of the following adjustments is necessary?A.Add ending Accounts Receivable. B.Subtract ending Unearned Service Revenue. C.Subtract beginning Accounts Receivable. D.All of these answer choices are correct.
To transform consumer cash receipts into revenue on an accrual basis. Add ending Accounts Receivable, subtract ending Unearned Service Revenue, and subtract starting Accounts Receivable. Here option D is the correct answer.
Adding ending Accounts Receivable: Accounts Receivable is a liability account that represents money owed to a business by its customers. When a business receives cash from a customer, it increases both cash and Accounts Receivable. To convert cash receipts to revenue on an accrual basis, the ending balance of Accounts Receivable must be added to revenue.
Subtracting ending Unearned Service Revenue: Unearned Service Revenue is a liability account that represents money received by a business for services that have not yet been provided. To convert cash receipts to revenue on an accrual basis, the ending balance of Unearned Service Revenue must be subtracted from revenue.
Subtracting beginning Accounts Receivable: The beginning balance of Accounts Receivable represents money owed to a business from its customers at the start of a period. To convert cash receipts to revenue on an accrual basis, this amount must be subtracted from revenue.
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Suppose that the number of customers that enter a bank in an hour is a Poisson random variable, and suppose that P(X =0) = 0.02.
i. What is the probability that at most one person enter the bank in one hour?
ii. Determine the mean and standard deviation of X
i. [tex]P(X < = 1) = P(X = 0) + P(X = 1) = 0.02 + e^-λ * (λ^1)/1! = 0.02 + e^-λ * λ[/tex] If X represents the number of customers entering the bank in an hour, and X follows a Poisson distribution with parameter λ, then P(X = 0) = 0.02.
To find the probability that at most one person enters the bank in an hour, we can calculate the sum of the probabilities for X = 0 and X = 1:
[tex]P(X < = 1) = P(X = 0) + P(X = 1) = 0.02 + e^-λ * (λ^1)/1! = 0.02 + e^-λ * λ[/tex]
ii. The mean of a Poisson distribution is equal to λ. So, the mean of X is λ. The standard deviation is equal to the square root of the mean, so the standard deviation of X is sqrt(λ).
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table 3-4 represents the supply schedule for surfboards. assume that the market for surfboards has an upward-sloping supply curve.
The relationship between a product's price and the quantity that a company will produce is shown graphically by the supply curve.
Because the graphical curve slopes upward, the supply curve is also known as an upward-sloping supply curve. This happens because businesses want to create more of a good as its price rises so they can sell it for more money.
The amount that businesses are willing to produce at various price levels is shown when a supply curve is graphed, creating a supply schedule. The supply curve will nearly always have an upward left-to-right slope. A sample supply schedule is shown below in the following image.
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CORRECT QUESTION FORMAT IS THE BELOW -------------
Q. What is Upward supply curve? Explain with help suitable table.
A demand curve is a graph of the same data, but a demand schedule is a table that depicts the relationship between a good's price and the amount demanded.
When there is an excess supply in a market with an upward sloping supply and a downward-sloping demand curve, the real price must be lower than the equilibrium price. The supply curve can be defined as a graphic representation of the relationship between a good's price and the amount delivered during a specific time period. It should be emphasized that when there is an excess supply, the real price must be lower than the equilibrium price in a market with an upward-sloping supply curve and a downward-sloping demand curve. The demand curve slopes downward because the quantity sought increases as the price decreases.
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in the perceptual process, we select information to move forward to the next step based on which of the following?
In the perceptual process, information is selected based on relevance and importance to our existing knowledge, past experiences, and current context.
Perception is the process of organizing and interpreting sensory information to create meaningful experiences. It begins with the selection of information that we attend to and is influenced by our existing knowledge, past experiences, and current context.
Our brain actively filters out irrelevant information and prioritizes information that is most important and relevant to us, based on our goals, motivations, and needs. This selective attention helps us to efficiently process information, avoid sensory overload, and effectively respond to the environment.
The options are not provided; hence, the answer is general.
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Categories of expenditures
Answer:
Explanation: wheres the picture
Discuss 15 ways of using comparative advantage theory to solve the economic Crisis in ghana
The fifteen ways to solve the economic crisis using comparative advantage theory in Ghana are stated below.
What are the fifteen ways to solve the crisis in Ghana?1. Promote specialization: The government can encourage specialization and boost the effectiveness of its economy by identifying areas of comparative advantage.
2. Fostering commerce: Ghana may grow its markets and get access to a broader range of goods and services, increasing its competitiveness, by embracing trade and lowering trade barriers.
3. Promoting education and training: Ghana can expand its human capital and improve its position to benefit from its comparative advantages by investing in education and training.
4. Infrastructure development can increase Ghana's competitive advantage by making it easier for firms to operate and conduct trade. Examples of improved infrastructure include roads, ports, and telephones.
5. Promoting international investment: Foreign investment can help Ghana increase its comparative advantage by bringing in money, technology, and expertise.
6. The economy can become less reliant on a few important sectors by diversifying, which makes it less susceptible to outside shocks.
7. Supporting small and medium-sized businesses (SMEs) can increase Ghana's comparative advantage by serving as a source of innovation and entrepreneurship.
8. Tax reform: Simplifying and lowering tax rates can make Ghana's economy more competitive and strengthen its comparative advantage.
9. Enhancing the business climate: Ghana can increase its competitive advantage and draw in more investment by making it simpler to launch and operate a firm.
10. Encourage entrepreneurship: Ghana can improve its competitiveness and capitalize on its comparative advantage by fostering entrepreneurship and innovation.
11. Tourist promotion: By strengthening its tourism sector, Ghana may take advantage of an expanding global market and strengthen its competitive advantage.
12. Updating the agricultural sector: Ghana may boost its competitiveness and benefit from its comparative advantage by modernizing its agriculture sector.
13. Developing the mining industry: Ghana can benefit from its natural resources and strengthen its comparative advantage by developing its mining industry.
14. Intellectual property protection: Ghana may become more competitive and capitalize on its comparative advantage by safeguarding its intellectual property.
15. Enhancing access to finance: Ghana can support its firms, boost its competitiveness, and benefit from its comparative advantage through improving access to credit.
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accounts payable makes up 29% of total liabilities in year one. this is an example of vertical analysis.
When the accounts/bills payable of a firm are a forming part of the 29 percentage of its total liabilities in one year, then it may be held as an example of a vertical analysis.
The accounts payable of a firm may be ideally understood as the bills or accounts on which the company owes a liability to the account holders within the regular course of operations during a particular accounting period. When they are taken into interpretation, they become a forming part of the vertical analysis of an accounting firm.
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Complete question
FILL IN THE BLANKS. Accounts payable makes up 29% of total liabilities in year one. This is an example of ______ analysis.
AAA Heating and Air Conditioning completed 30 jobs last month with a mean revenue of $5,430 per job. The president wants to know the total revenue for the month. Based on the limited information, compute the total revenue.
Having completed 30 jobs last month with a mean revenue of $5,430 per job, it means that AAA Heating and Air Conditioning has a total revenue of $162,900.
the calculation of total revenue is done by multiplying the number of jobs completed, which is 30, by the mean revenue per job, which is $5,430.
$5,430 x 30 = $162,900
This results in $162,900, which is the total revenue for the month. It's important to note that the mean revenue per job is just an average and may not accurately reflect the exact revenue generated from each individual job. However, if the revenue generated from each job is relatively consistent, the mean revenue per job can be used as a rough estimate of the total revenue.
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The economic success of businesses such as the British South Africa Company was in part dependent on which of the following developments in the late nineteenth century? A) The migrations of indentured workers from Asia B) The increasing availability and variety of consumer goods C) The development of new technologies such as the telegraph
The economic success of businesses such as the British South Africa Company was in part dependent on C)the development of new technologies such as the telegraph in the late nineteenth century.
The telegraph allowed for more efficient communication, which facilitated the flow of goods and information, making it easier for businesses to expand their operations and reach new markets. This was especially important for businesses that were operating in remote areas, such as the British South Africa Company, which was involved in colonial expansion and exploitation of resources in Africa.
The availability and variety of consumer goods and the migrations of indentured workers from Asia were also significant developments in the late nineteenth century, but the development of the telegraph had a more direct impact on the success of businesses such as the British South Africa Company.
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Which of the following terms would be found on an income statement using variable costing but never not on an income statement prepared using absorption costing?a. Variable manufacturing overhead b. Fixed manufacturing overhead c. Gross profit d. Contribution margin
The correct answer is c. Gross profit of the following terms would be found on an income statement using variable costing but never not on an income statement prepared using absorption costing.
The gross profit of a business is determined by subtracting the total sales from the total cost of the goods sold. All products sold by the business are included in the overall sales. The total cost of the goods sold is calculated by adding up all of the variable expenditures associated to sales. The outcome of deducting cost of goods sold (COGS) from revenue is a company's gross profit, which is shown on its income statement (sales).These figures will appear on a company's income statement. Net income is gross profit less any other expenditures, expenses, and sources of revenue that are not included in gross profit.
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For tax purposes, how is the compensation paid to an S corporation shareholder like compensation paid to an owner of an entity taxed as a partnership? How is it different?
The compensation paid to an S corporation shareholder is similar to that of an owner of an entity taxed as a partnership.
In that both owners receive compensation for services rendered in the form of wages, salaries, or other payments for services.
The difference between the two is that the compensation for an S corporation shareholder is subject to payroll taxes, such as Social Security and Medicare taxes, whereas the compensation for a partner in a partnership is not subject to payroll taxes.
Also, the amount of compensation paid to an S corporation shareholder must be reasonable in relation to the services provided, while there is no such requirement for partners in a partnership.
Finally, the compensation paid to an S corporation shareholder is subject to the same tax rates as regular income, while the compensation paid to a partner in a partnership is allocated differently.
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A bar offers female patrons a lower price for a drink than male patrons. The bar will maximize profits by selling a total of 200 drinks (a night). At the current prices, male customers buy 150 drinks, while female customers buy 50 drinks. At this allocation between markets, the marginal revenue from the last drink sold to a female customer is $0.50. What should the bar do about its pricing? If the bar sells 151 drinks to males and 49 to females, what will be the increase (decrease) in total revenue?
Male and female clients shouldn't be subject to different prices. Customers of both genders will receive the same pricing. Men will be more drawn to such price parity than women, which will result in higher earnings.
What is marginal revenue?The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns.
Selling those things at a higher price will be more advantageous regardless of who purchases because profit maximization can be achieved by selling 200 units at a time.
Thus, Male and female clients shouldn't be subject to different prices.
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in a business liquidation, . multiple select question. a) liabilities are paid in full before funds are distributed to owners b) creditors and owners share equally in all distributions of assets c) liabilities are paid after owners receive a return of their investment
In a business liquidation, A)liabilities are paid in full before funds are distributed to owners.
What is liquidation?Selling off assets and utilising the money to settle debts with creditors and shareholders is the process of liquidation. When a business becomes insolvent and unable to pay its debts, it is triggered. Another type of liquidation is when a corporation voluntarily decides to close its doors and sell off its assets.
This means that all debts owed by the company must be satisfied before any remaining assets are distributed to the owners. Creditors have priority over owners in the distribution of assets in a liquidation, as they are considered to have a higher claim on the company's assets. Owners may receive a return of their investment only after all liabilities have been paid.
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Fair Value Accounting for Debt Investments (HTM, TS, and AFS) On July 1, 2022, Watson paid $42 million for bonds of Carnes Inc; the bonds have a face value of $58 million. The coupon rate on the bonds is 5% and the market rate of interest was 7% at the time of purchase. The bonds pay interest every June 30 and December 31. The market value of the bonds was $45 million at the end of 2022. Watson accounts for investments using the net method.
REQUIRED:
a) Assume that the bonds are held-to-maturity securities, prepare the journal entries for Watson Corporation to record the acquisition of the bonds on July 1 and the required entries on December 31 (the fiscal year end for Watson Corporation).
b) Assume that the bonds are held as trading securities, prepare the journal entries for Watson Corporation to record the acquisition of the bonds on July 1 and the required entries on December 31 (the fiscal year end for Watson Corporation).
c) Assume that the bonds are held as available-for-sale securities, prepare the journal entries for Watson Corporation to record the acquisition of the bonds on July 1 and the required entries on December 31 (the fiscal year end for Watson Corporation).
Use Straight-line amortization method
The straight-line amortization method is a method of calculating the periodic reduction of an asset value or the periodic recognition of an expense over a set period of time.
a) Held-to-Maturity Securities:
Debit: Cash $42 million
Credit: HTM Investment in Bonds $42 million
Debit: Interest Receivable $58 million x 5% / 2 = $1.45 million
Credit: Cash $1.45 million
Log Entries for Discount Amortization on December 31:Debit: Discount on HTM Bonds $16 million ($58 million - $42 million) / 2 = $8 million
Credit: Interest Receivable $8 million
Debit: HTM Investment in Bonds $8 million
Credit: Discount on HTM Bonds $8 million
b) Trading Securities:
Debit: Cash $42 million
Credit: Trading Securities $42 million
Debit: Cash $58 million x 5% / 2 = $1.45 million
Credit: Interest Revenue $1.45 million
Debit: Trading Securities $3 million ($45 million - $42 million)
Credit: Unrealized Gain/Loss $3 million
c) Available-for-Sale Securities:
Debit: Cash $42 million
Credit: AFS Investment in Bonds $42 million
Debit: Cash $58 million x 5% / 2 = $1.45 million
Credit: Interest Revenue $1.45 million
Debit: Unrealized Gain/Loss $3 million
Credit: AFS Investment in Bonds $3 million
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Acme Enterprises issued 10,000 shares of $0.10 par value common stock for $20,000 in cash. The journal entry to record this transaction will include a ______.
a. credit to Notes Payable of $20,000
b. credit to Additional Paid-in Capital of $19,000
c. credit to Cash of $20,000
d. credit to Common Stock of $1,000
e. debit to Cash of $20,000
f. credit to Common Stock of $20,000
The journal entry to record this transaction will include b. credit to Additional Paid-in Capital of $19,000, d. credit to Common Stock of $1,000 and e. debit to Cash of $20,000.
A journal entry is used to record a business transaction in a company's accounting records. A journal entry is often recorded in the general ledger; however, it may also be entered in a subsidiary ledger before being summarized and rolled forward into the general ledger.
The general ledger is then utilized to generate the company's financial statements. A journal entry is used to record every business transaction in at least two places (known as double entry accounting).
When you make a cash sale, for example, you raise both the revenue and cash accounts. Alternatively, if you purchase products on credit, this boosts both the accounts payable and inventory accounts.
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The price level, the inflation rate, and the dollar wage that a person earns are all examples of _____ variables.
A. real
B. nominal
C. binary
D. independent
The price level, the inflation rate, and the dollar wage that a person earns are all examples of B. nominal variables.
Nominal variables refer to variables that are not adjusted for inflation and are expressed in current dollars. The price level, the inflation rate, and the dollar wage that a person earns are all examples of nominal variables because they are expressed in current dollars and are not adjusted for inflation.
Real variables, on the other hand, are variables that are adjusted for inflation and reflect the purchasing power of money. For example, real GDP, real wages, and real interest rates are all real variables.
Binary variables, in contrast, take on only two values, such as 0 or 1, true or false, or yes or no.
Independent variables are variables that are used to predict the value of other variables and are not affected by the other variables in the model. In econometrics, for example, independent variables are often used to explain the behavior of dependent variables, such as consumer spending or investment.
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per unit fixed costs are only valid at one volume. per unit variable costs are only valid at one volume. fixed costs should only be put on a per unit basis when making a special order decision. putting fixed costs on a per unit basis makes it appear that they are variable costs.
Per unit fixed costs are only valid at a specific volume, and per unit variable costs are only valid at a specific volume as well. Fixed costs, such as rent and salaries, remain constant regardless of the volume of production, while variable costs, such as raw materials and direct labor, change with the volume of production.
Putting fixed costs on a per unit basis can be misleading, as it may suggest that they are variable costs that change with the volume of production. This is why it's generally recommended to only put fixed costs on a per unit basis when making a special order decision, in which case the information about the cost structure can be useful in evaluating the profitability of a specific order.
In general, it's important to understand the cost structure of a company and to differentiate between fixed and variable costs in order to make informed decisions about production and pricing.
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Tyrese has been in the same job for over four years and doesn't seem to have any interest in advancing within the company. According to the job characteristics theory, adding more variety and autonomy to Tyrese's job would likely not increase his job satisfaction because he lacks strong
The work characteristics hypothesis states that Tyrese has significant growth need strength, so adding more diversity and autonomy to his employment is unlikely to improve his level of job satisfaction.
Growth Need Strength is typically characterized as the need or desire to grow via one's job; when this need is met, "growth pleasure" might ensue. Positive higher-order needs can be satisfied through creativity, according to some researchers.
Employees with high growth potential are more proactive, value learning and personal progress highly, and hence want more interesting and demanding work. It gauges how much a worker values professional development opportunities. The model also assumes that the jobholder possesses the necessary information, talents, and skills to complete the task.
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From the list on your right select the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed on the left Utity - A. A consumer can increase her utility by reallocating some of her income from good 2 to good 1. :Marginal Utility (MU) - B. An example of diminishing marginal utility The Law of Diminishing Marginal Utility - C. An increase in the price of one or both goods while income is constant. A budget constraint - D. An increase in the wage rate decreases hours of work Equimarginal principle - E The total utility gained from consuming a good or service starts to decline (diminish) immediately after the 1st unit. MU MUz Pr - F. All the possble combinations of goods and services that Ms. Addis' family can buy with her after tax annual income of $64,000. The budoet constraint line shifts to the left - G. Intertemporal budget constraint Backward-bending segment of the labor supply curve Making - H. A consumer who spends all his income on these two goods can increase utility by buying more of good 2 and less of good 1 Making choices for both the present and the future (across time) - I.Change in Total Utilinyand can be pesitive, zero, or negatives Change in Quantity K MU MU P2 MU ..where P Price Pr L An increase in incomer M.A subjective measure of the level of satisfaction one derives from consuming a good or service. Change in Tot al Utility and is always positive Change in Quantity N.A customer who fries op of ice cream instead of a 3rd cup of French - J The additional utility from the 1 slice of pizza> the additional utility from the 2d slice of pizza> the additional utiity from the 3d slice of pizza..
The word, phrase, name, etc that best matches the word, phrase, name, etc listed on the left would be based on their corresponding values.
Utility - M. A subjective measure of the level of satisfaction one derives from consuming a good or service.
Marginal Utility (MU) - E. The total utility gained from consuming a good or service starts to decline (diminish) immediately after the 1st unit.
The Law of Diminishing Marginal Utility - B. An example of diminishing marginal utility
A budget constraint - F. All the possible combinations of goods and services that a consumer can buy with their income.
Equimarginal principle - H. A consumer who spends all their income on these two goods can increase utility by buying more of good 2 and less of good 1
MU MUz Pr - J. The additional utility from the 1st slice of pizza is greater than the additional utility from the 2nd slice of pizza, which is greater than the additional utility from the 3rd slice of pizza.
The budoet constraint line shifts to the left - C. An increase in the price of one or both goods while income is constant.
Intertemporal budget constraint - I. Making choices for both the present and the future (across time)
Backward-bending segment of the labor supply curve - D. An increase in the wage rate decreases hours of work
Making - H. A consumer who spends all their income on these two goods can increase utility by buying more of good 2 and less of good 1
Change in Total Utilinyand can be positive, zero, or negative - N. A customer who tries a 2nd cup of ice cream instead of a 3rd cup of French fries.
Change in Quantity - K. Change in Total Utility and can be positive, zero, or negative
Change in Tot al Utility and is always positive - L. An increase in income
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political and economic theories that advocate for people as a whole rather than private individuals to work and operate are called?
Socialism is a social and economic doctrine that calls for public alternatively than personal possession or manage of property and herbal resources. According to the socialist view, folks do now not stay or work in isolation but live in cooperation with one another.
What are the political and economic theories?The political monetary concept explores the relationship between a government and its human beings owing to enacted public policies. The quite a number ideologies of political economic idea are marxism, economic nationalism, and liberalism. The learn about of political financial systems encompasses socialism, communism, and capitalism.
What is a political economic and social theory?Political economic system is a social science that research production, trade, and their relationship with the law and the government. It is the learn about of how financial theories have an effect on exceptional socio-economic systems, such as socialism and communism, along with the creation and implementation of public policy.
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