Finance question in the picture provided:

Please explain the answer to this question to me thanks

The first step to take before you answer the problem is defining the problem.

The first step in problem-solving is defining and understanding the problem. This involves gathering information, clarifying the issue, and identifying the root cause. Once the problem has been clearly defined, it becomes easier to develop potential solutions and find the best course of action.

Naturally, identifying the issue is the first step in solving a problem. If there isn't even an issue, how could you possibly solve it? The following phase is information collecting to learn more about the problem once it has been identified.

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Someone made 80000 and paid 12000 child care, the credit is 68000

Generally, Credit is an agreement between a lender and a borrower in which the lender provides money, goods, or services to the borrower in exchange for a promise from the borrower to repay the lender in the future.

The loan can be secured with collateral, such as a house, or unsecured, such as a credit card.

Credit is used to purchase goods and services, pay for education, buy a home, or finance other large expenses.

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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.

Financial reporting is the process of producing and presenting financial information that is useful to stakeholders in making economic decisions.

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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The important consideration in setting up the proper environment to complete tasks on time is to learn to establish priorities.

A promisor may swap their promise for consideration in the form of a promise, performance, or forbearance.

Being on time or early for work can demonstrate your dependability and credibility as a worker. Being on time regularly can also demonstrate your professionalism, which will raise your value as an employee and help you develop in your career.

But doing multiple things at once and changing contexts make you slower. On the other side, single-tasking is more likely to put you in a state of Flow, which is the intense attention you experience when working on something challenging and significant. 

Therefore, The important consideration is to learn to establish priorities.

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Families Acting for Community Traffic Safety, or FACTS, is an acronym. Students can create and carry out projects that promote wearing a seatbelt, driving while intoxicated, and other safe driving practices through this program.

A verifiable statement is referred to as a fact. It can be demonstrated to be true or false using unbiased evidence. A statement that expresses a sentiment, attitude, value assessment, or conviction is referred to as an opinion. It's a statement that can't be proven to be true or false.

Fact is a derivative of the Latin factum. The same definition of "a thing is done or performed," which is no longer accurate, was first used in English. The phrase "something that has really happened or is the case" has been used frequently since the middle of the 16th century.

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Here is the monthly schedule of cash receipts for April-June as given in the solution below

April:

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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Answer:

D

Explanation:

It's d since if the demand of more of something that they have little of would increase the price the most

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.

Managers and other employees who use financial information to confirm past results and make adjustments for future activities are examples of internal users. External users are those who use financial information outside of the organisation to make decisions or evaluate an entity's performance.

Internal users are people who use financial information within a company. Owners, managers, and employees are examples of internal users. External users are people who use accounting information outside of the business entity (organisation).

Managers are the most frequent users of financial statements because they require the information to perform their duties. The statements can be used by owners to determine whether their investment is safe and whether the company is providing an acceptable return on their investment.

Therefore, internal and external users can use the information from income statements to make decisions.

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This scenario best describes convention and conference sales. Hence, option D is correct.

a gathering or series of gatherings when employees involved in marketing a company's goods are informed about new goods and services and debate how they can be marketed successfully: The yearly sales conference in Paris drew 400 attendees.

Large-scale gatherings called marketing conferences bring people from the same sector together to learn more about marketing. A number of marketing conferences can be held in person or electronically. Webinars are one of the various kinds of marketing conferences. Workshop.

Thus, option D is correct.

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Task assessment is important as someone can only accurately rate those aspects of a person’s work performance that they observe.

Yes, it is important that someone can only accurately rate those aspects of a person's work performance that they observe. Task assessment, task reviews, and task information all rely on observation of the individual's performance in order to be effective.

This means that the person conducting the assessment, review, or gathering information should have direct and regular exposure to the individual's work in order to provide an accurate assessment of their performance.

Task acquaintance, or being familiar with the individual's work, is also important for accurate performance assessments, as it provides context and insight into the individual's abilities and responsibilities.

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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.

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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Answer:

Explanation: it will take 821.951219512 hours

Economic interdependence is the relationship between two people, organisations, religions, companies, regions, or nations.

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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%.

Brand 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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Answer:

B

Explanation:

Plagiarism is when someone lies about doing or making something they did not do. They take something from someone else and claim it is their own.

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:

Continuous improvement is the  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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A shorter operational cycle could result in a shorter cash cycle, but vice versa is also possible. As a result, it's critical that firms look at both of these cycles independently and together.

The operating cycle does not take into account how long it takes to pay suppliers, in contrast to the cash flow cycle. Your cash flow cycle will be shorter as suppliers wait longer to get payment.

While a longer operational cycle may result in a longer cash cycle, a shorter operating cycle may lead to one. Therefore, it's crucial for businesses to examine both these cycles separately and collectively.

The amount of days that pass between the time you buy goods and the time customers pay for it is known as the operating cycle. The amount of days that pass between when you purchase merchandise and when you get payment from your clients for that inventory is known as the cash conversion cycle.

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Answer:

1. If she decides to move, she will not have to deal with selling her home.

2. With each new lease, your rent can go up.

3. You are always driving a new car, which has the latest safety features.

4. It will charge him all the interest that would have accrued over the year.

5. He wants to get the rewards, and he did not want to open another credit card.

Explanation: I took the quick check

Jose have decided to buy from the electronics store when the same TV is available for less money from the online retailer because he wants to get the rewards, and he did not want to open another credit card.

What is retailer?

Retailer is a business that sells products directly to the customer. Retailers are part of a supply chain in which the products are purchased from manufacturers, wholesalers, or other suppliers and then sold to the end user. The retailer is responsible for the selection, pricing, promotion, and distribution of products to the customer. They also provide services such as customer service and store operations. Retailers also need to be aware of the changing customer needs and preferences, and adjust their product offerings accordingly. Retailers can be found in many formats, including physical stores, online stores, mobile stores, and even home-based businesses.

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In order to document a business transaction in the accounting records of the company, a journal entry is employed.

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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Performance reviews can assist organizations in determining how well employees carry out their job responsibilities and where workers can improve to more closely align with the organization's overall mission.

To put the right people in the right jobs, one must first determine the strengths and weaknesses of their employees. to keep up with and evaluate a person's potential for development. to give staff members feedback regarding their performance and related status. The employees' working habits can be influenced using this as a foundation.

A performance appraisal is a methodical, recurring process for evaluating a person's work output in comparison to the predetermined job requirements. It's a judgment of the employee's relative value to the company, strengths, and areas for improvement in the future.

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In case of a loss due to fire, the quantum of loss can be determined and measured clearly. In the case of war losses, the measurement of losses is difficult.

The probability of a fire loss can be calculated using models and taking into account the variables likely to cause a fire. In the case of a war, the probability is very difficult to calculate. It is almost impossible. Premiums in the case of fire insurance are economically feasible. In the case of wars, considering the potential of large-scale destruction and losses, the premium would not be economically feasible. There are a large number of exposure units in the case of fire insurance as there are hundreds and thousands of homes and establishments that are protected through insurance.

In the case of war, it will not be possible to determine the number of wars that are likely to occur.

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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 .

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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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.

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

China's economy has undergone significant growth and transformation in the past 25 years. The key events include:

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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Considering that General Manager Dr Smith has a "thinker" personality type to get a promotion, his negotiation process must be focused on details, analysis of the situation and the benefits.

According to the Myers-Briggs Type Indicator approach, the thinker is the individual who seeks to explore theories in an analytical and detailed way, being an individual who uses logic and reason to determine his actions and behaviors.

Therefore, negotiating with an individual with a thinking personality should be focused on rationality and the exploration of possibilities and information, and the manager seeking a promotion should have all the details and information about such a situation for it to be successful.

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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:

Nuru Meda Golf and Driving Range plc were opened on March 1 by Nuru. The selected events and transactions occurred during March.

The following compound entry can be made to account for the events and transactions that occurred during March: Debit Credit Cash 120,000 Land 20,000 Buildings 44,000 Equipment 12,000 Accounts Payable 5,000 Share Capital—Ordinary 120,000 Dividends 2,000 Service Revenue 2,400 Advertising Expense 3,200 Prepaid Insurance 2,480 Salaries and Wages 1,800 Fees 1,500

This compound entry records the initial investment of cash into the business, the purchase of Mechare Meda’s Golf Land, the payment of advertising expenses, the purchase of golf equipment on credit, the receipt of golf fees in cash, and the declaration and payment of a cash dividend.

The payment of salaries and wages, and the receipt of fees in cash.

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