Answer:
General ledger
Explanation:
A general ledger in accounting is a book pf account that is meant to record the business' transaction entries towards the preparation of the income statement and the statement of financial position.
It records activities like sales order processing , accounts receivable , inventory and purchasing , accounts payable and payroll
We have two types of general ledger which are private ledger that records transaction on salaries , wages and capitals , and nominal ledger that records transaction on expense , income , depreciation etc.
Entrepreneurs affect the economic decisions a country makes by:
I inferred from an economic perspective.
Answer:
contributing to the creation of new jobs, new technology, and innovations, while increasing their countries GDP.
Explanation:
This is so because entrepreneurs are usually termed the backbone of every economy. For example, a country's decisions about how much of a product to produce would depend on the number of entrepreneurs it has in the country's economy.
Thus, by contributing to the creation of new jobs, new technology, and innovations, entrepreneurs can shape the decisions of the country's government.
The economy is in a recession and the government wants to increase output. If the multiplier equals 3 and the government increases spending by 250, how much will output increase by
Answer:
The answer is 750
Explanation:
When government increases its spending, this increase in spending leads to increases in income for households which cumulatively increase the national income, this effect is known as multiplier effect.
Government has increased its spending by 250 while multiplier effect is 3.
Therefore, output will increase by 750(250 x 3)
The 2001 ________ Act gives the SEC the authority to bar dishonest corporate directors and officers from ever again serving in positions of corporate responsibility.
Answer:
Sarbanes-Oxley
Explanation:
The Sarbanes-Oxley Act of 2001 came in response to highly publicized corporate financial scandals earlier that decade. The act created strict new rules for accountants, auditors, and corporate officers and imposed more stringent record keeping requirements
3. Sancho deposits $500 in a bank account today which pays 4 percent interest, compounded annually. The amount of interest Sancho earns in year 4 will be:
Answer:
$84.93
Explanation:
Future value in year 4 =
PV x ( 1 + r)^n
PV = present value = $500
r = 4%
n = 4
$500(1.04)^4 = $584.93
Interest rate = future value - amount invested = $584.93 - $500 = $84.93
An economist estimated that the price elasticity of demand for new cars to be 0.87 if the price of cars declines by 40%. One would expect the quantity of new cars to:______
Answer:
% change in quantity =34.8%
Explanation:
Price elasticity of demand (PED) is the degree of responsiveness of demand to a change in price.
Where a percentage change in price produces a more than a proportional change in quantity, we say the product is price elastic. On the other hand, where a change in price produces a less than a proportional change in quantity demand, then demand is price inelastic
PED is computed as follows:
PED = % change in quantity /% change in Price
PED = 0.87
% change in Price = 40%
% change in Quantity =?
0.87 = y/40%/
Cross mulitiplying, we have
y = 0.87 × 40 = 34.8
Dividing both sides by 0.87
y = 34.8
% change in quantity = 34.8
% change in quantity =34.8
which strategy is used by firms that believe increasing colume of sales will help the firm more than increasing profits
Answer:
Sales Orientation
which strategy specifies the firm's overall direction in terms of its general orientaion toward growth, the industries or markets
Answer: Corporate strategy
Explanation:
Here is the complete question:
Which strategy specifies the firm's overall direction in terms of its general orientation toward growth, the industries or markets in which it competes, and the manner in which it coordinates activities and transfers resources among business units?
A) corporate
B) functional
C) divisional
D) organizational
E) business
Corporate strategy is the strategy that is used to show the overall direction of a company or organization in terms of its general orientaion toward the growth, the industries or markets where it competes.
___________ links the purchase of an organization's products to support of philanthropic organizations favored by the target market
Answer:
cause - related marketing
Explanation:
Cause-related marketing is when a charity event is sponsored by two or more companies . The purpose of cause related marketing is to increase the corporate social responsibilities of company supporting this cause.
Cause related marketing involves collaboration between a business that is meant to generate profit and a not for profit organization with a view to benefiting each other. Also, a not for profit organization can create awareness about themselves in terms of their contributions to the society in cause related marketimg.
"A $10,000 municipal bond with 5 years to maturity is purchased in the primary market at 105. The bond is sold after 2 years at 103. The taxable gain or loss is:"
Answer:
Taxable loss is $200
Explanation:
The cash paid for acquiring the municipal bond is 105% of $10,000 which is $10,500(105%*$10,000.
However, after 2 years the municipal bond was sold at 103% of the face value, in other words, the sales proceeds received is $10,300(103%*$10,000)
Conclusively, the loss on the sale of the municipal bond is the difference between the amount paid initially and the amount received thereafter i.e -$200($10,300-$10,500)
Another reason fueling the boom in fast-growing technology services is _____, which, when done right, can virally spread awareness of a firm with nary a dime of conventional ad spending.
Available options are:
A. Esako and M-Pesa
B. Big data and Business analytics
C. Social media
D. Sproxil
Answer:
Social media
Explanation:
Social media is an internet-based or online platform that allows different registered users to share various forms of information and content, among other users, from anywhere across the globe.
Hence, given the available options, Another reason that is fueling the boom in fast-growing technology services is SOCIAL MEDIA, which, when done right, can virally spread awareness of a firm with nary a dime of conventional ad spending.
Cain Company’s management engaged Bell, CPA, to audit the effectiveness of Cain’s internal control over financial reporting. Bell’s report, which was accompanied by management’s separate report presenting its written assessment about the effectiveness of internal control, described several material weaknesses and potential errors and fraudulent activities that could occur. Subsequently, management included Bell’s report in its annual report to the board of directors with a statement that the cost of correcting the weaknesses would exceed the benefits. Bell should
Answer:
Disclaim an opinion as to management's cost-benefit statement
Explanation:
In this scenario Bell a CPA was engaged to audit the effectiveness of Cain’s internal control over financial reporting.
After providing a report that stated there are several material weaknesses and potential errors and fraudulent activities that could occur.
Bell has completed his role in this audit by giving an opinion about the effectiveness of Cain's internal control.
The decision on the cost versus benefit of management report is out of his function as an auditor.
So he needs to disclaim to an opinion as to management's cost-benefit statement.
This is management function and not that of the auditor.
You have been hired as a marketing consultant by Widget World to evaluate the relative strengths of their 38 current products. Widget management wants to know which products should be continued and which ones should be dropped. Which of the following sequences would most likely be best suited for presenting your recommendations?
A. Chronological.
B. Spatial.
C. Alphabetical.
D. Qualitative.
Answer:
D. Qualitative.
Explanation:
Since in the question it is mentioned that the evaluation of the 38 current products should be done and analyzed them which products should be continued and which one is dropped
here 38 products shows the number of products
So the best suited is qualitative as it reflects the quality of each products that give results into continuation or dropped.
Hence, the correct option is D. Qualitative
The act that requires most employers to withhold certain amounts from employees' earnings for contributions to the Social Security and Medicare programs is called the
Answer:
Federal Insurance Contributions Act
Explanation:
The Federal Insurance Contributions Act refers to a law that establishes the federal taxes that are deducted from employees' salaries to get the funds for social services like Medicare, disability insurance, among others. According to this, the answer is that the act that requires most employers to withhold certain amounts from employees' earnings for contributions to the Social Security and Medicare programs is called the Federal Insurance Contributions Act.
SRI International developed Values and Lifestyles (VALS). Such a consumer profile would be helpful for which type of segmentation?
A) demographic
B) occupational
C) psychographic
D) behavioral
E) gender
Answer: C. psychographic segmentation
Explanation:
From the question, we are informed that SRI International developed Values and Lifestyles (VALS). It should be noted that this will l be helpful for psychographic segmentation.
Psychographic segmentation helps to look into the behavior of consumers as it helps us analyze the needs and motives of the users thereby bringing about better communication.
Which characteristic of information in the statistical tables included in a comprehensive annual financial report differentiates it from information contained in the financial statements?
Answer: Yes/Yes
Explanation:
The options given are:
Data covering
financial trends ---- Fiscal years
A. Yes ------------------ Yes
B. Yes ------------------ No
C. No ------------------ Yes
D. No ------------------ No
The characteristic of information in the statistical tables included in a comprehensive annual financial report differentiates it from information contained in the financial statements is option A.
You want to increase the relevance of a Google Search Ad so it's more meaningful to potential customers and provides value-added information to their searches. What two actions might improve the relevance of your ad?
Answer:
Selecting only relevant languages in campaign setup.
Selecting distinct geographic areas.
Explanation:
In simple word, a marketing manger would try to make the advertisement campaign to be clear and precise to the target customers and the best way to do so is to make the campaign in the customers own language.
Also, the company should make sure that the message they wants to send to the market can be easily received, thus, they should target their campaign into only those selected regions where there customers resides.
Adison Winery had beginning long-term debt of $39,476 and ending long-term debt of $44,875. The beginning and ending total debt balances were $48,835 and $53,888, respectively. The company paid interest of $4,327 during the year. What was the company's cash flow to creditors?
Answer:
The answer is -$1,072
Explanation:
The company's cash flow to creditors is the total amount of money paid to the creditors. It is a cash outflow because money goes out of the company to pay the creditors.
Company's cash flow to creditors = Interest paid - (ending long-term debt - beginning long-term debt)
$4,327 - ($44,875 - $39,476)
$4,327 - $5,399
= -$1,072
Note: The answer is in negative.
Salt Corporation, a 80%-owned subsidiary of Peanut Corporation, sold inventory items to its parent at a $48,000 profit in 20X2. Peanut resold one-third of this inventory to outside entities. Salt reported net income of $200,000 for 20X2. Non-controlling interest share of consolidated net income that will appear in the income statement for 20X2 is:
Answer:
$33,600
Explanation:
Calculation for the Non-controlling interest share.
Using this formula
Non-controlling interest share=Net income-(Inventory ×One-third of Inventory)× Percentage of Subsidiary
Let plug in the formula
Non-controlling interest share=$200,000-($48,000×2/3)×(100%-80%)
Non-controlling interest share=$200,000-$32,000×20%
Non-controlling interest share=$168,000×20%
Non-controlling interest share=$33,600
Therefore the Non-controlling interest share of consolidated net income that will appear in the income statement for 20X2 is $33,600
The following are examples of economic goods except
a. bottled water
b. air
c. household utensils
d. shelter
Answer:
The following are examples of economic goods except
a. bottled water
b. air ✔c. household utensils
d. shelter
✈How?▶"air" is not a economic goods.It is free to all.
Answer:
The answer is
Explanation:
household utensils. Because they are examples of economic goods.
Hope this helps....
Have a nice day!!!!
Tang City received land from a donor who stipulated that the land must remain intact, but any income generated from the property may be used for general government services. In which fund should Tang City record the donated land
Answer: permanent
Explanation:
From the question, we are informed that Tang City received land from a donor who stipulated that the land must remain intact, but any income generated from the property may be used for general government services.
Based on the above scenario that have been explained, the donated land should be recorded in the permanent funds.
Game Play sells gaming systems and allows customers to mix-and-match individual components when placing a system order. Which type of facilities layout would best serve Game Play's production needs? fixed-position process flexibly product office
Answer:
Process.
Explanation:
Since Game Play sells gaming systems and allows customers to mix-and-match individual components when placing a system order. A process facility layout would best serve Game Play's production needs.
A process facility layout can be defined as the strategic approach or plan which typically involves having the workflow around the production unit.
Generally, in a process facility layout, employees who are having similar job functions or roles are usually grouped together and as such productions are done in phases.
Hence, a customer with preferences to individual components would use a process facility layout.
Without collaborating, two separate brokers elect to discontinue working one of the local real estate firms. The brokers are guilty of:____
Answer: They are guilty nothing since they are not boycotting collectively but rather individually.
Explanation:
From the question, we are informed that without collaborating, two separate brokers elect to discontinue working one of the local real estate firms.
In this scenario, the brokers are not guilty of anything since their boycott was individually and not a joint decision taken together.
Wright Company's cash account shows a $28,900 debit balance and its bank statement shows $27,200 on deposit at the close of business on May 31. The May 31 bank statement lists $170 in bank service charges; the company has not yet recorded the cost of these services.Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2013, its Cash account shows a $28,900 debit balance. The company’s May 31 bank statement shows $27,200 on deposit in the bank.a. The May 31 bank statement included a $170 debit memorandum for bank services; the company has not yet recorded the cost of these services.b. Outstanding checks as of May 31 total $6,300.c. May 31 cash receipts of $6,900 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement.d. In reviewing the bank statement, a $470 check written by Smith Company was mistakenly drawn against Wright’s account.e. A debit memorandum for $460 refers to a $460 NSF check from a customer; the company has not yet recorded this NSF check.Prepare a bank reconciliation for the company using the above information.
Answer and Explanation:
The preparation of bank reconciliation for the company is shown below:-
Wright company
Bank Reconciliation
For the year May 31
Bank statement balance $27,200 Book balance $28,900
Add:
Deposit of May 31 $6,900
Bank error $470
$7,370
Total $34,570
Less:
Outstanding checks $6,300 Bank service charge $170
NSF check $460
$6,300 $630
Adjusted bank balance $28,270 Adjusted book balance $28,270
What is one reason that individual producers in a perfectly competitive market have no influence over prices?
Perfectly competitive firms collectively agree on prices.
Perfectly competitive firms must follow governmental price controls that keep prices low.
Perfectly competitive firms have high barriers to entry.
Perfectly competitive firms produce a small amount of a product compared to the total supply
Answer:
Un mercado competitivo es un mercado de competencia perfecta en donde el número de oferentes y demandantes es tan exorbitante que ninguno posee influencia sobre el otro, ninguna de las partes posee poder de mercado y las barreras para la entrada y salida no existen, el costo marginal de cada empresa se iguala al precio y cada empresa vende todas las unidades que desea y puede a ese precio.
Explanation:
s importante recordar que una situación de monopolio -o monopolista- se da cuando existe un único proveedor de un determinado bien o servicio.
Para detectar la presencia de un monopolio en la economía generalmente se recurre a la aplicación de índices económicos de concentración de mercado, dependiendo del criterio que tome el Índice asumimos que existe o no poder monopólico en un determinado mercado, y de existir...qué tan grande es.
Entre los más usados tenemos los siguientes:
El Índice de Herfindahl, el cual para calcularlo se eleva al cuadrado la cuota de mercado que una empresa posea en un determinado sector para saber qué tanto poder de monopolio posee la misma. Entre mayor sea el resultado de dicho índice, mayor será el poder de monopolio, y menos competitivo será el mercado.
Por otro lado, el otro indicador usado para estudiar la presencia o no de monopolios es el Índice de Lerner. Dicho índice consiste en evaluar qué tanto el empresario puede colocar el precio por encima del costo marginal (es decir, lo que le cuesta producirlo), y arrojará un valor que oscilará entre 0 y 1, entre más poder de monopolio posea, el número se acercará más a 1, y más capacidad tendrá de colocar el precio muy por encima de su costo.
Es importante recordar que existen monopolios naturales (concesiones que otorga el Estado para la explotación de un determinado recurso) o que están en manos del Estado, como las fuerzas armadas por ejemplo, o determinados servicios públicos. También comúnmente una característica de presencia de monopolio son los conglomerados empresariales que poseen empresas en determinados rubros y arropan un poder de mercado significativo.
Answer:
Perfectly competitive firms produce a small amount of a product compared to the total supply
Explanation:
one reason that individual producers in a perfectly competitive market have no influence over prices
Two nations, Mars and Venus, each produce food and clothing. The table gives points on each nationâs PPF. The asterisks indicate their current point of production. Which of the following statementsis correct based on the concept of comparative advantage?
Mars Venus
Food Clothing Food Clothing
0 30 0 40
2 24 4 32
4 18 8 24
5 12 12 16
8 6 16 8
10 0 20 0
a. Mars and Venus should continue producing the quantities indicated by the asterisks.
b. Mars should specialize in the production of food.
c. Mars should specialize in the production of clothing.
d.Venus has the comparative advantage in clothing.
e. Mars has an absolute advantage in the production of food.
Answer:
The correct option is;
c. Mars should specialize in the production of clothing
Explanation:
The given table can be presented as follows;
Mars[tex]{}[/tex] [tex]{}[/tex]Venus
Food [tex]{}[/tex] Clothing Food [tex]{}[/tex] Clothing
0 [tex]{}[/tex] 30 0 [tex]{}[/tex] 40
2 [tex]{}[/tex] 24 4 [tex]{}[/tex] 32
4 [tex]{}[/tex] 18 8 [tex]{}[/tex] 24
5 [tex]{}[/tex] 12 12 [tex]{}[/tex] 16
8 [tex]{}[/tex] 6 16 8
10 0 20 [tex]{}[/tex] 0
From the attached chart as produced in Excel, the trend lines and their equation for Mars and Venus can be seen
The relationship between Clothing, y and Food, x production for Mars is given as follows;
y = -3·x + 30
The relationship between Clothing, y and Food, x production for Venus is given as follows;
y = -2·x + 40
Therefore since a given decrease in food production results in a higher increase in Cloth production for Mars than for Venus, Mars should specialize in the production of clothing.
Consider two points on the production possibilities frontier (PPF): point A, at which there are 50 oranges and 100 apricots, and point B, at which there are 51 oranges and 98 apricots. If the economy is currently at point B, the opportunity cost of moving to point A is
Answer:
1 orange
Explanation:
Here are the options to this question :
b. 1 orange.
c. 98 apricots.
d. 3 oranges.
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all of its resources are fully utilised.
As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
If the economy moves to point A, it would be giving up
51 - 50 = 1 oranges
A proposed new investment has projected sales of $515,000. Variable costs are 44 percent of sales, and fixed costs are $128,500; depreciation is $49,750. Prepare a pro forma income statement assuming a tax rate of 24 percent. What is the projected net income?
Answer:
Net operating income= $83,714
Explanation:
Giving the following information:
Sales= $515,000.
Variable costs are 44 percent of sales
Fixed costs are $128,500
Depreciation is $49,750.
Tax= 24 percent.
Income statement:
Sales= 515,000
Total variable cost= (0.44*515,000)= (226,600)
Gross profit= 288,400
Fixed costs= (128,500)
Depreciation= (49,750)
Operating income= 110,150
Tax= 110,150*0.24= (26,436)
Net operating income= 83,714
A sole proprietor is personally responsible for all of the businesses debts, and may be legally required to pay off those debts with personal assets.
True
False
Answer:
true
Explanation:
Answer:
true
Explanation:
Marketing can best be thought of as a(n)?
Complete Question:
Marketing can best be thought of as a(n)
Group of answer choices
A. profit
B. activity
C. need
D. process
Answer:
D. Process.
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers
Hence, marketing can best be thought of as a process.
Generally, marketing comprises of various activities such as creating, communicating, delivering, and exchange of goods and services for a specific amount of money being paid by the customers.
A government's assets include inventory of $2 million, roads constructed for $25 million with accumulated depreciation of $10 million, and equipment acquired for $5 million with accumulated depreciation of $1 million. Its liabilities include an outstanding balance of $5 million for bonds payable issued to construct the roads and a $1 million short-term loan for inventory purchases. What amount should be reported as the net investment in capital assets in the government-wide statement of net position
Answer:
yes
Explanation: