The amount of goodwill reported in the year-end 2024 balance sheet is $24 million. The amount of the impairment loss assuming that the fair value of Centerpoint is $294 million is zero.
Goodwill, in accounting, refers to an intangible asset associated with the purchase of one company by another. It represents the value that can provide the acquiring company with a competitive advantage.
It is the portion of the purchase price which is higher than the sum of the net fair value of the assets purchased in the acquisition and the liabilities assumed in the process. Goodwill is represented by a company’s name, loyal customer base, brand reputation, solid customer service, good employee relations, and proprietary technology and are the reason one company may pay a premium for another. In the given case, the amount of goodwill is given by:
Amount of goodwill reported in the year 2024 end sheet = Fair value of Centerpoint incorporated – Book value of Centerpoint’s net assets (including goodwill) + Allocated goodwill
= $238 million – $270 million + $56 million = $24 million
An impaired asset refers to an asset whose market value is less than the value listed on its owner's balance sheet. Hence,
Impairment loss = Book value of goodwill – Implied fair value of goodwill
= $56 million - $24 million = 32 million
Impairment value is obtained when the recoverable value of the non-current asset is less than the book value of the non-current asset. Assuming the fair value of Centerpoint is $294 million, the recoverable value of the non-current asset is more than the book value of the non-current asset. The reporting unit's fair value, $294 million, is greater than the book value, $270 million; therefore, there is no impairment loss. Hence, the impairment loss, when the fair value of Centerpoint Inc. for $294 million, is "Zero."
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Assume that the government increases the unit excise tax on gasoline suppliers and also that people commute longer distances to work as more houses are built in city suburbs. As a result, the equilibrium price and quantity of gasoline will most likely change in which of the following ways? Quantity Decrease Price (A) Decrease (B) Increase (C) Increase (D) Increase (E) Indeterminate Decrease Increase Indeterminate Increase
Assume that the government increases the unit excise tax on gasoline suppliers and also that people commute longer distances to work as more houses are built in city suburbs. As a result, the equilibrium price and quantity of gasoline will most likely change in Increase Indeterminate of the following ways.
What is the pricing equilibrium?
The balance between supply and demand determines an equilibrium price. Unless certain aspects of supply or demand alter, prices have a tendency to return to this equilibrium.
When either supply or demand shifts or moves, or when both do so, the equilibrium price changes.
What is the impact of the gas tax on the economy?
Because gasoline sales grow during times of strong state economies and high income and sales taxes, the existing gas tax provides revenues that are positively correlated with other tax receipts.
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Suppose that Great Britain is a major export market for your firm, a U.S. based MNC. If the British pound depreciates against the U.S. dollar, a. Your firm will be able to charge more in dollar terms while keeping pound prices stable b. Your firm may be priced out of the U.K. market, to the extent that your dollar costs stay constant and your pound prices will rise. c. To protect U.K. market share, your firm may have to cut the dollar price of your goods to keep the pound price the same. d. b and c) are both correct.
If the British pound depreciates against the U.S. dollar, it means that the pound is weaker relative to the dollar. This can have several implications for a U.S. based MNC that exports to Great Britain:
d. b and c) are both correct.What happens to the MNC when British pound depreciates against the U.S. dollarb. Your firm may be priced out of the U.K. market, to the extent that your dollar costs stay constant and your pound prices will rise. If the pound depreciates, it means that it will take more pounds to buy the same amount of dollars. This can make U.S. goods more expensive in the U.K. market, which can reduce demand and market share.
c. To protect U.K. market share, your firm may have to cut the dollar price of your goods to keep the pound price the same. If your firm wants to maintain its market share in Great Britain, it may have to lower its dollar prices to keep its pound prices stable. This can reduce profit margins, but it can help maintain sales volume.
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As of 2019, the money market securities with the smallest dollar value outstanding (excluding Banker's acceptances) were
As of 2019, the money market securities with the smallest dollar value outstanding (excluding Banker's acceptances were a) commercial paper.
Unsecured, short-term debt issued by corporations is known as commercial paper. Short-term liabilities like payroll, accounts payable, and inventories are frequently financed in this way. The face value of commercial paper is typically discounted when it is issued. It displays current market interest rates.
A certain sum of money is involved with commercial paper, and it must be paid back by a specific deadline. The minimum amount is $100,000. Terms range from one to 270 days until maturity. 30 days is about average.
When New York merchants started to sell their short-term commitments to dealers in order to get funds needed to meet near-term obligations, commercial paper was first introduced more than 150 years ago.
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Correct question:
As of 2019, the money market securities with the largest dollar value outstanding were
a) commercial paper.
b) federal funds and repurchase agreements.
c) Treasury bills.
d) negotiable certificates of deposit.
select the group of items that can be determined using information. multiple choice question. the best-selling product by month compared to sports season and city team wins and losses the full list of products on shelves that are about to expire. the best-selling product, best customer, and worst-selling product
The answer is all of the above can be determined using information as business intelligence.
What is the greatest way to define business?A company or inventive entity engaging in commercial, industrial, or professional activity is referred to as a business. Businesses can be for-profit or nonprofit enterprises. Limited liability companies, sole proprietorships, corporations, and partnerships are all different sorts of businesses.
What is a business basic definition?A business is an entrepreneurial entity or organization that engages in professional activities. They might be industrial, commercial, or something else. Businesses that are for profit operate with the goal of making a profit, whereas those that are nonprofit operate with a charity purpose in mind.
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FILL THE BLANK When Pizza Company sells three $100 gift cards at the beginning of the month, it should record a $300 debit to _____ and a $300 credit to _____.
When Pizza Company sells three $100 gift cards payable at the beginning of the month, it should record a $300 debit to cash and a $300 credit to deferred revenue.
Accounts payable is a balance sheet item with a typical credit balance that is represented on the liability side of the balance sheet. It aids users of the financial statement in understanding the trade creditors of the company.
A current liability account called accounts payable is used to track any money you owe to other people. Banks, company, or even a person you borrowed money from could be considered third parties.
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which of the following would be considered to be an operating expense for a computer manufacturing firm? question 28 options: accountant's wages assembly line wages disk drives memory chips speakers\
Assembly line wages would be considered an operating expense for a computer manufacturing firm; so the correct option is 'B'.
Operating expenses are the day-to-day expenses incurred by a business to keep it running, and they are directly related to the production and sale of goods or services. Assembly line wages are part of the labor costs associated with the production process, which is an essential part of the business's operations.
In contrast, accountant's wages would be considered an administrative expense, and the cost of disk drives, memory chips, and speakers would be considered the cost of goods sold or the cost of goods manufactured.
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FILL IN THE BLANK. _____ are organizations formed by individuals or businesses with similar interests to achieve greater economies of scale and economic power through collective ownership. group of answer choices
In order to employ collective ownership to gain greater economies of scale and economic power, cooperatives are groups formed by people or businesses with similar objectives.
What sort of business are cooperatives?A cooperative's organizational structure can be characterized as being based on democratic principles, wherein both the owners of the business and the members make decisions.
As a result, in this company, members pick a board of directors from among themselves to govern their cooperative.
Therefore, cooperatives are enterprises or organizations founded by people with shared objectives in order to leverage collective ownership to achieve greater economies of scale and economic power.
What does a company organization look like?A business organization is an entity established for the purpose of carrying on business. Such a structure is founded on the laws controlling business incorporation, property rights, and contract and exchange systems.
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There is only one labor market in Profunctia. All workers have the same skills, and all firms hire workers with these skills. Use the accompanying diagram, which shows the supply of and demand for labor, to answer the following questions.
What is the equilibrium wage rate in Profunctia?
The equilibrium wage rate in the labor market of the Profunctia for all workers of $10. The point where labor supply and demand converge is the equilibrium price wage rate.
Explain the term equilibrium wage rate?Up until the moment where the additional expense of employing someone equals the additional sales generated by selling their output, employees are recruited.
The concept of equilibrium wages is intimately connected to supply and demand forces in the market. As we have already shown, in fully competitive markets, supply and demand decide how much a good or service costs. The labor markets still hold true to this instance. According to the supply and demand for labor, wages change.Employment and equilibrium salaries are directly related in a market that is competitive. In such a perfectly competitive economy, the intersection of the labor supply and demand curves represents the pay equilibrium. According to traditional economic theory, the employment rate will be at its highest if salaries are entirely flexible. In addition to structural and cyclical unemployment, flexible wage rates guarantee that everyone in society has a job.Thus, the equilibrium wage rate in the labor market of the Profunctia for all workers of $10.
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Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year. points Skipped a. Accounts Receivable. At year-end, the L. Cole Company has completed services of $22,500 for a client, but the client has not yet been billed for those services. b. Interest Receivable. At year-end, the company has earned, but not yet recorded, $530 of interest earned from its investments in government bonds. c. Accounts Receivable. A painting company collects fees when jobs are complete. The work for one customer, whose job was bid at $1,580, has been completed, but the customer has not yet been billed. eBook Print View transaction list References Journal entry worksheet 2 3 At year-end, the L. Cole Company has completed services of $22,500 for a client, but the client has not yet been billed for those services. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal
Adjusting journal entry for each : On Dec 3 Account receivable will be debited $1580 and Fees revenue credited $1580
Adjusting entry :Date account and explanation Debit Credit
Dec 31 Account receivable 22500
Service revenue 22500
Dec 31 Interest receivable 530
Interest revenue 530
Dec 31 Account receivable 1580
Fees revenue 1580
What is the purpose of changing entries in a journal?Transactions that span accounting periods but have not yet closed are reconciled using adjusting journal entries. These could be expenses or payments that are made but not delivered at the same time.
What Kinds of Adjusting Journal Entries Are There?Accruals and deferrals are the two main categories. Deferrals are prepayments for products that have not yet been delivered, whereas accruals are payments or expenses on credit that are still owed.
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the department of public works (dpw) is
A. an enterprise fund providing solid waste management services and education programs to kent and surrounding counties. B. established by the board of commissioners and overseen by the board of public works, the department has two divisions: administration and solid waste operations.
C. the solid waste division has four primary functions: recycling and resource recovery, waste to energy, landfill and transfer station, and closed landfill remediation and environmental compliance. D. dpw administration provides support to the solid waste division through accounting, communications, and reporting.
A. Kent and the surrounding counties receive solid waste management services and activities from the department of public works (dpw), an enterprise fund.
What function does the Department of Public Works perform?The national Department of Public Works (DPW) creates and upholds laws and ordinances governing the built environment and the usage of fixed assets in the public sector.
What does a public works director do?A comprehensive public works program should be managed and directed. Organize, implement, and maintain departmental objectives, goals, and policies. Make necessary revisions based on an analysis and assessment of programs, policies, and operational requirements. Identify delicate issues, concerns, and needs that exist in the community and inside organizations.
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on january 1, 2025, hi and lois company purchased 12% bonds having a maturity value of $300,000 for $322,744.44. the bonds provide the bondholders with a 10% yield. they are dated january 1, 2025, and mature january 1, 2030, with interest received on january 1 of each year. hi donald e. kieso; jerry j. weygandt; terry d. warfield. intermediate accounting, 18th edition (p. 16-58). kindle edition.
Part a. Journal entry for the date of bond purchase is made.
Part b. Bond amortization schedule is prepared.
Define the term Bond amortization schedule?In a table known as a bond amortization schedule, the amount of interest paid, interest accrued, and discount as well as premium amortization for a bond are all displayed for each subsequent period. Bond issuers frequently utilize the table to help them account for all these instruments throughout time.Part a. Journal entry for the date of bond purchase.
Bonds purchased at premium - January 1, 2020,
Dr Bonds receivable - 300,000
Dr Premium on bonds receivable - 22,744.44
Cr Cash 322,744.44
Part b. Bond amortization schedule.
Date Interest Cash Premium Unamortized Carrying
revenue received amortization premium value
1/1/20 - -322,744.44 - 22,744.44 277,255.56
1/1/21 32,274.44 36,000 3,725.56 19,018.88 280,981.12
1/1/22 31,901.89 36,000 4,098.11 14,920.77 285,079.23
1/1/23 31,492.08 36,000 4,507.92 10,412.85 289,587.15
1/1/24 31,041.23 36,000 4,958.77 5,454.08 294,545.92
1/1/25 30,545.92 336,000 5,454.08 0 0
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The correct question is-
On January 1, 2020, Hi and Lois Company purchased 12% bonds having a maturity value of $300,000 for $322,744.44. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Hi and Lois Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category.
Instructions
a. Prepare the journal entry at the date of the bond purchase.
b. Prepare a bond amortization schedule.
If a company which is included in the OEX pays a stock dividend, which of the following is true regarding the index option contract?I There is a reduction in the index valueII The index value remains the sameIII There is an increase in the number of shares covered by the contractIV The contract multiplier remains the sameAI and IIIBI and IVCII and IIIDII and IV
The Best answer is D. Stock indexes are not reduced for stock splits, stock dividends, or cash dividends. Since the aggregate value of all of that company's shares is included in the index, a stock split or dividend has no effect.
In economics, stock refers to a type of financial asset that represents a claim on a portion of a company's ownership. A stock, also known as a share, represents fractional ownership in a corporation, and the holder of the stock is entitled to a portion of the company's profits and assets.
Stocks are traded on stock exchanges and the price of the stock fluctuates based on the demand and supply in the market. Investors purchase stocks with the expectation of earning a return on their investment through an increase in the stock price or through dividends paid by the company. The issuance and trading of stocks are an important part of a country's economy as it provides companies with the opportunity to raise capital and expand their operations.
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Please rank these in order of riskier investments (meaning start from low risky, to high risky investments):
- Commodities
- Company shares
- Foreign exchange
- Please answer with a detailed explanation and sufficient proofs, otherwise, your answer will be rejected automatically.
By the risk of investment foreign exchange is considered as the highest than commodities and then company shares.
How foreign exchange has the highest investment risks?It is regarded as the riskiest of the 3 investments because currency prices can vary quickly and are susceptible to a wide range of events, including political unrest and changes in interest rates.
Describe foreign exchange.The act of converting one currency into a different one at a predetermined rate defined as the foreign exchange market is known as foreign exchange (Forex or FX). The market dynamics of demand and supply determine the fluctuating exchange rates for practically all currencies.
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The difference between a Long Care Partnership Plan and a Non-Partnership Plan is which of the following?- Pre-existing conditions- Level of benefits- Assets protection- Elimination period
The difference between a Long Care Partnership Plan and a Non-Partnership Plan is - Assets protection.
What exactly does asset protection entail?Financial planning often includes an asset protection strategy to shield one's assets from creditors' claims. In compliance with debtor-creditor legislation, both private individuals and corporate entities use asset protection strategies to restrict creditors' access to certain valued assets.
Asset protection is a corpus of statutory and common law that deals with defending the assets of people and corporate entities against civil money judgments. It consists of a number of legal strategies. Asset protection planning's objective is to shield assets from claims made by creditors without lying or evading taxes.
What kinds of things are protected assets?Among the most widely used asset protection techniques are limited liability companies, limited family partnerships, asset protection trusts, offshore trusts, tenancy by the entirety, and the transfer of property ownership.
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Which of the following is an asset?a. Mortgage payableb. Investmentsc. Common stockd. Retained earnings
Money invested by the business's owner is what makes up owner's equity. Plus, the earnings of the business since its commencement.
Prepaid insurance is insurance that has been paid in full in advance, leaving the company with a receivable since the payment is not yet due. With time, it will be charged to an expense account. Notes; Liabilities and capital contra accounts are categorized as Payable, Unearned Revenue, and Owner Withdrawals. As a result, choice C—prepaid insurance—is accurate. The four components that go into calculating shareholders' equity are outstanding shares, additional paid-in capital, retained earnings, and treasury stock. An organization has enough resources to cover its liabilities on the off occasion that investors view it favorably. Owner's equity is made up of funds that the business's owner has invested. Additionally, the company's earnings since it started.
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Suppose Germany produces only cars and trucks. The resources that are used in the production of these two goods are not specialized—that is, the same set of resources is equally useful in producing both trucks and cars.
The shape of Germany's production possibilities frontier (PPF) should reflect the fact that as Germany produces more trucks and fewer cars, the opportunity cost of producing each additional truck ________ .
How would the graph look?
Based on the provided information, the shape of Germany's production possibilities frontier (PPF) should reflect the fact that as Germany produces more trucks and fewer cars, the opportunity cost of producing each additional truck remains constant. The graph will be a straight line.
The production possibility frontier (PPF) is a graph which demonstrates the possible quantities of two products that can be produced if both products depend upon the same resource for their manufacture. In the production of goods, opportunity cost refers to what is given up when resources are taken from one product to produce another.
In the given case, the same resources are used to produce trucks and cars. As Germany decides to produce more trucks and fewer cars, the resources that is being used in producing the additional truck is well suited to the production of trucks as resource is already in use in truck production. Hence, the opportunity cost of producing each additional truck remains constant.
As the opportunity cost of producing truck is constant, the curve would be a straight line as producing additional truck would required giving up fewer cars.
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consider a downward-sloping demand curve. when the price of a normal good decreases, the income and substitution effects ________
Consider a downward-sloping demand curve. when the price of a normal good decreases, the income and substitution effects work in the same direction to increase quantity demanded.
A demand curve is a graphical representation of the relationship between the price of a product and the quantity demanded by consumers. It is a downward-sloping curve that shows how much consumers are willing to buy at different price points. As the price of a product decreases, the quantity demanded increases, and as the price increases, the quantity demanded decreases.
The demand curve is based on the principle that as the price of a product decreases, consumers are more willing to buy, leading to an increase in demand. Conversely, as the price increases, demand decreases. The demand curve helps businesses determine the optimal price to set for their products and services to maximize profits while meeting consumer demand,
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You decide to open a restaurant in your neighborhood serving Italian fusion food. What market is this restaurant most like to me in – oligopoly or monopolistic competition and why? What do you believe the long term prospects are for profits and survivability of your eatery?
The restaurant industry (monopolistically aggressive nationwide) offers an example of a monopolistically aggressive market. In most areas, there are many firms, each is different, and entry is easy. Each product has many close substitutes bought by exclusive firms, which include different restaurants, fast-food outlets.
Why is the restaurant enterprise a appropriate example of monopolistic competition?Restaurants are a monopolistically aggressive sector; in most areas there are many firms, every is different, and entry and exit are very easy. Each restaurant has many close substitutes - these may additionally include other restaurants, fast-food outlets, and the deli and frozen-food sections at neighborhood supermarkets.
In general, restaurants fall below monopolistic opposition market structure
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https://brainly.com/question/2891218#SPJ4Tell the two most important conditions required for osmosis by completing this statement: Osmosis will occur for a given cell if ______________ and if __________________.
c) Give general meanings of isotonic, hypotonic and hypertonic, not specific to cells.
d) Complete each statement below:
A 2 M solution of substance S is ______________ to a 1 M solution of S.
A 25% solution of substance S is ______________ to a 43% solution of S.
A 4 mg/ml solution of substance S is ______________ to a 4 mg/ml solution of
The differential in solute content on each side of the cell membrane and the membrane's need to be selectively permeable are the two most crucial requirements for osmosis.
The differential in solute content on each side of the cell membrane and the membrane's need to be selectively permeable are the two most crucial requirements for osmosis.
c) Isotonic refers to a situation in which a membrane's solute concentration is the same on both sides. Hypotonic indicates that water moves into a cell or membrane when the concentration of solutes is lower outside of the cell or membrane. d) Substance S is hypertonic to a solution at a concentration of 2 M. To a 43% solution of substance S, a 25% solution of S is hypotonic. An S solution at 4 mg/ml is isotonic with a S solution at 4 mg/ml.
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Ariana asks Selena if she can borrow a dress for an upcoming date that she has. Selena agrees to let Ariana borrow the dress. When Ariana comes to Selena's house to select a dress, Selena refuses to give it to her. Which of the following statements is true of this situation?
A. Selena does not have to allow Ariana to borrow the dress because a bargained for exchange has not occurred.
B. Ariana has committed a breach of contract.
C. Selena has made a promise to Ariana, so she must loan her the dress.
D. Ariana has made a counteroffer, which terminates the contract.
E. All of the required elements to form a valid contract are present, so Selena and Ariana have entered into a binding contract.
The following statement is true of this situation: A. Selena does not have to allow Ariana to borrow the dress because a bargained for exchange has not occurred.
What is contract?For a contract to be legally binding, there must be a bargained-for exchange between the parties involved. In this situation, Selena has agreed to let Ariana borrow the dress, but the exchange has not yet taken place.
Without an exchange, there is no consideration, and therefore, no valid contract has been formed. As a result, Selena is not obligated to loan the dress to Ariana.
Therefore the correct option is A.
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it is easier for a foreign firm to do business in which of the following country among others? group of answer choices japan brazil chile england
The answer is England, with a percentage of 83.5% in regards to ease of doing business, it is easier for a foreign firm to do business in England.
Which definition of business fits the bill the best?As an organization or enterprising entity engaged in commercial, industrial, or professional activity, a business is, by definition, such. Businesses can be either for-profit corporations or nonprofit institutions. In addition to sole proprietorships, corporations, and partnerships, limited liability firms are another type of business.
What does business actually stand for?A business's goal is to provide value to consumers, who then exchange that value for money or other acceptable forms of payment. The funds should, at the very least, cover the owner's basic necessities and the expenditures of running the business.
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If you hire a real estate company to sell your home, what are you likely to face?
If you hire a real estate company to sell your home, you are likely to face the Commission fees, Home valuation, Marketing and advertising, Negotiation, and Closing.
Commission fees: Real estate companies typically charge a commission fee for their services, which is usually a percentage of the sale price of your home. This fee is typically negotiated between the seller and the agent or company.
Home valuation: The real estate company will likely provide a home valuation to help you determine the appropriate price for your home based on current market conditions, comparable sales in the area, as well as the condition of your home.
Marketing and advertising: The real estate company will likely market and advertise your home to potential buyers through a variety of channels, such as online listings, print advertising, open houses, and direct mail.
Negotiation: The real estate company will likely negotiate on your behalf with potential buyers and their agents to reach an agreement on the sale price and other terms of the sale.
Closing: The real estate company will likely help you through the closing process, which includes the transfer of ownership and the distribution of funds.
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TRUE/FALSE. Step 3 of the revenue recognition model requires that the seller set the price of the sale at the amount the seller expects to receive from the customer.
True the third step of the revenue recognition model requires that the seller set the price of the sale at the amount the seller expects to receive from the customer which is known as transaction price.
What is revenue recognition model ?
The revenue recognition model is a set of accounting principles that outlines how and when revenue should be recognized or recorded in a company's financial statements.
It is important because revenue recognition affects a company's reported financial results, and incorrect revenue recognition can lead to misleading financial statements.
It is true that the third step in this process is determining the transaction price.
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Which of the following statements about functional strategy is BEST?
A) Functional strategies are not impacted by the mission statement; instead they are impacted by the overall business strategy.
B) Functional strategies determine the overall business strategy.
C) Many functional-level strategies could readily be described as cross-functional.
D) A firm's operations and supply chain strategy is more important than their marketing, finance and engineering strategies
Cross-functionality might easily be used to several functional-level techniques. (Choice c)
What does the term "functional strategy" mean?The method a business functional uses to accomplish corporate and company unit goals and plans by maximising resource productivity is known as a functional strategy. It deals with a somewhat constrained plan that lays out the goals for a certain business function. Different functional domains in an organisation are addressed by a functional strategy. These include finance, marketing, and technology. The functional level strategy of an organisation determines its success. Each department in your business, whether it be production or advertising, should cooperate with each other.
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ou are required to prepare Cash Book Exercise The following transaction Jun 01 Cash med by The P&O LLC company during the month of June 2018 (debt balance) ved from him $25. Co by check $1,175, do Jun 05 Received from David & Co a check amounting to saod, decount allowed to him $10. * chased stationary for cash $170 Jun 15 cash, $1,200 Jun 15 Cash sales for brst half of the month, 12.450 $1.250 Jun 16: Deposted * Jun 18 Wendrawn from bank for personal expenses $100 Jun 19 issued a check amounting to $1,630 to James & Co and discount received from him $20. Jun 21 Drew from bank use, $420 Purchased Jun 24 Received a check mounting to $1.435 from Herry & Co and allowed him a discount of $15. Henry's check was deposited into bank immediately Jun 25 Paid a check to Jacob inc amounting to $385 and received a discount of $15 Jun 27: Bought furniture for cash for office use. $380 Jun 29 Paid office Jun 30 Cash by check $350 for the second half of the month $4.550. * * Jun 30: Paid salaries by check $760 * Jun 30: Withdrew from bank for office use $470. Record the above transactions in a cash book of P&G LLC and balance the cash book.Record the above transactions in a cash book of P&GLLC and balance the cash and bank columns of the cash book
The cash and Bank balances of P&GLLC are $1905 and $0 respectively.
What do we record in the cash book?All cash transactions are meticulously recorded in a cash book in accounting. Contrast this with a cash account, which is an account that may be found in a general ledger. While a cash book can function as both a diary and a ledger, a cash account is more like a ledger in structure.
Given
The following transaction Jun 01 Cash med by The P&O LLC company during the month of June 2018 (debt balance) ved from him $25. Co by check $1,175, do Jun 05 Received from David & Co a check amounting to said, discount allowed to him $10. * chased stationary for cash $170 Jun 15 cash, $1,200 Jun 15 Cash sales for the first half of the month, 12.450 $1.250 Jun 16: Deposited * Jun 18 Wendrawn from the bank for personal expenses $100 Jun 19 issued a check amounting to $1,630 to James & Co and discount received from him $20. Jun 21 Drew from bank use, $420 Purchased Jun 24 Received a check amounting to $1.435 from Herry & Co and allowed him a discount of $15. Henry's check was deposited into the bank immediately Jun 25 Paid a check to Jacob inc amounting to $385 and received a discount of $15 Jun 27: Bought furniture for cash for office use. $380 Jun 29 Paid office Jun 30 Cash by check $350 for the second half of the month $4.550. * * Jun 30: Paid salaries by check $760 * Jun 30: Withdrew from the bank for office use $470. Record the above transactions in a cash book of P&G LLC and balance the cash book.
Required to calculate the cash book of P&GLLC and balance the cash and bank columns of the cash book.
The Following calculation is shown in the file given attached below.
Thus, the cash and Bank balances of P&GLLC are $1905 and $0 respectively
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In the following situation, indicate what type of unemployment Melanie is facing. Is it frictional, structural or cyclical? When Melanie and her co-workers refused to accept pay cuts, her employer outsourced her programming tasks for workers in another country. This phenomenon is occurring throughout the programming industry. Melanie is experiencing ____ unemployment. O cyclicalO structuralO frictional
Option B is correct, Melanie is experiencing structural unemployment.
When an industry undergoes a significant transformation that pushes its employees off the job market, structural unemployment results. In the extract, the structural change involves the way employers look for employees. In order to obtain lower-cost labour, they decide to outsource the employment to developing nations. Melanie was so forced to leave the workforce.
Unemployment that is temporary refers to a type of unemployment that is brought about by an individual's personal preferences rather than by outside forces. Our understanding of Melanie's unemployment from the passage is that she turned down many job opportunities.
Because of the country's overall poor economic state, cyclical unemployment occurs. As a result, there was a sharp decline in market demand for goods, which led to many companies being compelled to lay off workers since they couldn't afford to pay them.
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people listening to a message on a topic that they consider a very little importance to them will pay more attention to things like the speakers appearance and reputation
People listening to a message on a topic that they consider is very important will probably follow the central route to persuasion.
Yes, people listening to a message on a topic that they consider to be very important are more likely to follow the central route to persuasion. The central route to persuasion is a type of cognitive processing that involves a careful evaluation of the message and its arguments, as well as the evidence presented to support those arguments. When individuals are highly motivated to process a message, they are more likely to engage in central processing, as they are more invested in forming a well-reasoned opinion or making a well-informed decision. Thus, the importance of the topic can influence the route of persuasion that individuals follow.
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People listening to a message on a topic that they consider is very important will probably follow the ________________ route to persuasion
In the strategic groups discussed in the preceding pharmaceutical case, each of the following is a differential relevant to the proprietary group of firms except which one?
Multiple Choice
very low percentage of "winning" drug discoveries
focus on the discovery and development of new drugs
patent protection for drugs making it to the marketplace
large R&D expenditures
large-scale manufacturing
In the strategic groups discussed in the preceding pharmaceutical case, the differential that is not relevant to the proprietary group of firms is "large-scale manufacturing." Therefore the correct option is D.
The proprietary group of firms is characterized by a focus on the discovery and development of new drugs, patent protection for drugs making it to the marketplace, large R&D expenditures, and a very low percentage of "winning" drug discoveries. These firms are not typically involved in large-scale manufacturing, as their focus is on the research and development of new drugs. Therefore, "large-scale manufacturing" is not a relevant differential for the proprietary group of firms.
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identifying and profiling the first customer, estimating potential demand from that customer, and identifying subsequent customer segments and needs to grow the company are goals of market research for .
The correct answer to the question above is "market research for a new company."
These are the goals of market research for a new company:identifying and profiling the first customerestimating potential demand from that customeridentifying subsequent customer segments needs to grow the companyMarket research is the process of determining the viability of a new service or product through research. The researcher used to gather information and better understand a company's target market.Learn more about market research at: https://brainly.com/question/28590582
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The headline in an independent paper that services a large metropolitan area stated that 33% (p=0.33) of houses cost more than $300,000. Sayed read the headline and decided to compute a confidence interval for the proportion of all houses in that area that cost more than $300,000. His 99% confidence interval was based on a simple random sample of 100 houses from the area, and the limits of the interval were from 0.27 to 0.29. Select the statement that represents the correct interpretation of the confidence interval. 99% of houses sampled from the metro area will cost between $270,000 and $290,000. Sayed is 99% confident that the true proportion of houses that cost more than $300,000 is between 27% to 29%. Between 27% and 29% of houses sampled in the metro area will cost more than $300,000. There is a 99% chance that the proportion of houses that cost more than $300,000 is between 27 % to 29%. Sayed is certain that the true proportion of houses that cost more than $300,000 is between 27% to 29%.
The correct interpretation of the confidence interval is: Sayed is 99% confident that the true proportion of houses that cost more than $300,000 is between 27% to 29%.
A confidence interval is a range of values which are used to estimate an unknown population parameter based on a sample of data.
In this case, Sayed used a simple random sample of 100 houses from the metropolitan area to estimate the proportin of all houses in the area that cost more than $300,000.
The 99% confidence interval that Sayed calculated was from 0.27 to 0.29, it means that if Sayed repeated his sampling many times and calculated a 99% confidence interval each time, then about 99% of those intervals would contain the true proportion of houses in the area that cost more than $300,000.
Therefore, it can say that Sayed is 99% confident that the true proportion of houses that cost more than $300,000 is between 27% to 29%. Note that this interpretation does not mean that 99% of houses sampled from the metro area cost between $270,000 and $290,000 or that there is a 99% chance that the proportion of houses that cost more than $300,000 is between 27% to 29%.
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