The Texas economy was impacted by the increased production of cotton due to innovations like the steel plough and barbed wire. They essentially put an end to cattle drives and grazing on open fields.
They essentially put an end to cattle drives and grazing on open fields. Production of cotton was increased.
By separating areas of land with barbed wire, cattle were unable to roam freely and graze.
It was simpler to sow more land and keep livestock out of fields with the steel plough and barbed wire.
Texas livestock had more markets thanks to the development of railroads and the ability to drive cattle through wide range.
Barbed wire, a new steel plough, and the development of railroads were all technological innovations that increased cotton production and gave farmers access to new markets.
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firm e had total stockholders' equity of $600,000 at the end of year 1 and $800,000 at the end of year 2. throughout year 2, there were 100,000 shares of common stock authorized, 50,000 shares issued, and 40,000 shares outstanding. what was firm e's book value per share at the end of year 2?
At the conclusion of year 2, firm E's book value per share was $800,000 / 40,000 = $20 per share. At the conclusion of years 1 and 2, Firm E generated total stockholders' equity of $600,000 and $800,000, respectively.
How is equity for shareholders determined?Total liabilities are deducted from total assets, which are shown on a company's balance sheet, to determine a business's shareholder equity. The amount of money the business receives from common and preferred shares is known as shareholder equity.
Do stockholders' equity and market value match up?Due to the cost principle, assets are typically recorded at current costs on the balance sheet. The assumption that perhaps the maximum number of stockholders' equity is equal to the current value, of the corporation.
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which of these factors is improved by adding immersion oil when using the 100x objective:
Contrast,transparency,resolution,magnification
The correct option is A, the Contrast factors is improved by adding immersion oil when using the 100x objective.
Immersion oil is a type of oil used in microscopy to improve the resolution and contrast of a specimen. It is a high-refractive index oil that is placed between the objective lens of the microscope and the specimen. The oil has a higher refractive index than air, which means that it bends light more strongly, reducing the amount of light lost at the air-glass interface. This results in improved contrast and resolution, allowing the observer to see fine details more clearly.
Immersion oil is typically made from silicone oil or cedarwood oil and is clear, colorless, and has a high viscosity. It is important to use a high-quality, sterile immersion oil to prevent contamination of the specimen. The oil should also be compatible with the type of microscope being used and the type of specimen being examined. Immersion oil is typically used for high-power objectives with a numerical aperture of 1.30 or greater.
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Ellen is 48 years old and files as single. Her 2022 adjusted gross income (AGI) is $51,000, which includes gambling winnings of $2,000. Ellen would like to itemize her deductions this year. Ellen brings documents for the following expenses:
$9,000 Hospital and doctor bills
$500 Contributions to Health Savings Account (HSA)
$3,600 State withholding (higher than Ellen's calculated state sales tax deduction)
$300 Personal property taxes based on the value of the vehicle
$400 Friend’s personal GoFundMe campaign
$275 Cash contributions to the Red Cross
$200 Fair market value of clothing in good condition donated to the Salvation Army
(Ellen purchased the clothing for $900)
$7,300 Mortgage interest
$2,300 Real estate tax
$150 Homeowners association fees
$3,000 Gambling losses
What amount of gambling losses is Ellen eligible to claim as a deduction on her schedule A?
The amount of gambling losses is Ellen eligible to claim as a deduction on her schedule A is $1,000 ($3,000 Gambling losses - gambling winnings of $2,000 = $1,000).
A person's adjusted gross income (AGI) is their entire taxable income in the United States less certain deductions. It is employed to determine taxable income, that is determined by subtracting itemised deductions and personal exemptions from AGI. AGI is more significant than gross income for the majority of individual tax reasons.
A claim is a legal notification to an insurance provider that you think you are entitled to compensation because you have experienced a loss. The owner's claim to the company's assets is shown in the balance sheet's shareholder equity column. The asset balance less any unpaid liabilities equals the shareholder's equity in every case.
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which two organizational buyers could be considered part of the industrial market?
Institutional purchasers who belong to the member of the industrial market include retailers and wholesalers.
Which two categories of organizational purchasers are there?
Producers are the companies that purchase commodities and products in order to manufacture items and that can be sold. Marketers who act as middlemen or resellers buy goods to resale for a profit.
The group of all businesses and groups who purchase goods and services that are used in creation of certain other goods or sell goods, rented, or provided to anyone else is known as the industrial market, also known as the manufacturer marketplace or commercial sector.
Reciprocity seems to be the name for the commercial purchasing strategy where two companies decide to purchase one someone else's goods.
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producing more capital goods now means our country can have higher levels of economic growth in the future.
An economy's capital stock increases when capital items are produced.The nation's PPF shifts out as a result of its increased production capacity, and economic growth results.
Does purchasing more capital goods boost economic growth? An economy's capital stock increases when capital items are produced.The nation's PPF shifts out as a result of its increased production capacity, and economic growth results.The economy's long-term productive potential can be increased through investing in capital goods.The economy may experience a short-term decline in consumption due to more capital goods, but this may eventually result in greater living standards.The trade-off between capital and consumer products is thus a problem for economies frequently.Capital Goods' Economic Contribution.A company can't compete in the market if it isn't equipped to produce its products.Long-term increases in the production of products—or, to put it another way, increases in the capacity of commodities and services to be produced—are greatly aided by capital goods.To learn more about economic growth refer
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a lumber company that only does business in a single state sues the federal government because it does not want to follow federal labor policies. which constitutional clause would support a supreme court decision against the lumber company?
The constitutional clause supporting a Supreme Court decision against the lumber company in this scenario is the Commerce Clause, which is found in Article I, Section 8, Clause 3 of the United States Constitution.
The Commerce Clause allows the federal government to regulate commerce between states and foreign countries. This includes the authority to regulate labor practices that affect interstate commerce, such as minimum wage and overtime laws. In this case, the lumber company that only does business in a single state is likely engaged in activities that affect interstate commerce, such as buying and selling goods across state lines or employing workers who live in different states. By challenging federal labor policies, the lumber company is seeking to exempt itself from regulations that apply to other firms engaged in interstate commerce.
Therefore, the Supreme Court could rely on the Commerce Clause to uphold the federal labor policies and rule against the lumber company, holding that the federal government has the authority to regulate labor practices that affect interstate commerce.
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john has a new dishwasher and buys it from a store because they had a financing special that offered no interest charges for 12 months. what will the store do if he doesn't pay the entire amount off in that time?
Answer:
Explanation:
In the situation where principal amount is not paid . It depends on the nature of the case and what exact measures can you take.
In any case the first action would be to send a legal notice through a lawyer, mentioning the debt and fact of non-payment and the actions that you will be taking if the payment is not made. In many cases, you would get the payment after legal notice has been sent.
Arbitration, In situation, you have a written agreement which has an arbitration clause, you can (in most cases that will be very first recourse) start an arbitration proceeding.
Money suit, File a money suit for getting payment. However, as the court process is delay, it might take years before you can get over the money.
Insolvency and bankruptcy proceeding: File for insolvency and bankruptcy proceedings under the very new Insolvency and Bankruptcy Code, 2016.
Complaint with statutory bodies: If in the case where the debtor is a entity, you can file a complaint with the MCA/ROC, SEBI, etc. FIR with police: Depending on the nature of the case, it might be leads to file a FIR with police for deceive.
Other measures: There are other legal tactics, like application for impounding of passport, that might be arose depending on the nature of the case.
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What is included in working capital management?
Working capital administration many times entails monitoring cash flow, modern assets, and current liabilities thru ratio analysis of the key factors of working capital, which include the working capital ratio, series ratio, and stock turnover ratio.
What are the aspects of working capital management?The four essential components of working capital are: Cash and cash equivalents. Accounts receivable (AR)
...
Let's look at every of these 4 factors in larger detail.
Cash and Cash Equivalents. ...
Accounts Receivable. ...
Inventory. ...
Accounts Payable.
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Working capital administration many times entails monitoring cash flow, modern assets, and current liabilities thru ratio analysis of the key factors of working capital, which include the working capital ratio, series ratio, and stock turnover ratio.
What are the aspects of working capital management?The four essential components of working capital are: Cash and cash equivalents. Accounts receivable (AR
Let's look at every of these 4 factors in larger detail.
Cash and Cash Equivalents. ...
Accounts Receivable. ...
Inventory. ...
Accounts Payable.
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according to the law of demand, when the price of pizza goes up,
We know that as the price of pizza rises, you'll buy less pizza, however if the price of pizza drops (or was free!) you'd probably buy (or take) more. This is because of the Law of Demand, which states that as the price of a good rises, the amount desired falls.
What Is the Law of Demand?In economics, one of the most fundamental ideas is the law of demand. It combines with the law of supply to explain how market economies divide up resources and set the prices for the commodities and services we see in day-to-day interactions.According to the law of demand, pricing has an inverse relationship with the amount of goods purchased. Alternatively said, the quantity requested decreases as the price increases. Decreasing marginal utility is what causes this. To put it another way, consumers utilize the initial units of an economic good they buy to satisfy their most pressing demands first, and then they use each additional unit to satisfy progressively lower-valued ends.To Learn more About Law of Demand Refer TO:
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What are factors that influence customer/client/business buying behavior
There are several factors that influence customer, client, or business buying behavior, including: Personal factors: Age, income, education, and personality can all affect a customer's purchasing decisions.
Psychological factors: Perception, motivation, learning, and beliefs can impact a customer's attitude towards a product or service.
Social factors: Family, friends, social groups, and cultural influences can all play a role in a customer's buying behavior.
Economic factors: Income level, availability of credit, and the overall state of the economy can influence a customer's ability and willingness to spend.
Organizational factors: A customer's buying behavior can be influenced by the type of organization they work for, the size of the organization, and the purchasing policies and procedures in place.
Marketing and advertising: The marketing mix, including product design,pricing, promotion, and place (distribution), can all impact a customer's buying decision.
Technological factors: Advances in technology can affect a customer's buying behavior by making new products and services available or by changing the way customers research and purchase products.
Legal and political factors: Government regulations, taxes, and laws can all impact a customer's buying behavior, as can broader political and legal trends such as trade agreements or changes in copyright law.
These factors can interact and overlap, and the relative importance of each factor will vary depending on the customer, the product or service being purchased, and the specific market and cultural context.
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Kirkland Theater sells season tickets for six events at a price of $240. In pricing the tickets, the planners assigned the leadoff event a value of $60 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,800 season tickets were sold for the 2016 season. Required: a. Calculate the theater's earned revenue after the first three events have been presented
The theater's earned revenue after the first three events have been presented is $216,000.
Earned income is money that is received in exchange for an item or service that is of similar worth or more. This includes, but is not limited to, the sale of artwork, the selling of tickets, advertising, the payment of services or employment, the cost of classes, camps, or workshops, and the cost of goods.
To calculate the earned revenue after the first three events have been presented, we need to find out how much money was earned from these three events. If each of the last five events was priced equally, each event was priced at $240 / 6 = $40.
So, the earned revenue from the first three events was $40 * 3 = $120.
Therefore, the theater's earned revenue after the first three events have been presented is $120 * 1,800 = $216,000.
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Which of the following statements about indifference curves is true...(choose the best answer)?1. The higher an indifference curve is for a consumer, the greater that consumer's marginal level of satisfaction.2. The higher an indifference curve is for a consumer, the greater that consumer's total level of satisfaction.
the best answer is The higher an indifference curve is for a consumer, the greater that consumer's total level of satisfaction
Indifference curves are graphical representations used in economics to illustrate a consumer's preferences. They show all the combinations of two goods that provide the same level of satisfaction or utility to a consumer. The curve slopes downward, indicating that as more of one good is consumed, less of the other good can be consumed while still maintaining the same level of satisfaction. The higher the indifference curve is on the graph, the greater the level of satisfaction for the consumer. The position of the indifference curve reflects the consumer's preference for one good over another. An indifference curve cannot intersect or touch each other, as this would mean the consumer would be indifferent between two different combinations of goods, which is not possible. The shape of the indifference curve also reveals information about the consumer's marginal rate of substitution between two goods. Indifference curves play a crucial role in microeconomic analysis and decision-making by consumers, firms, and policymakers.
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Which of the following is the most likely outcome minimum wage laws?
A. an increase in both the quantity of labor supplied by workers and the quantity of labor demanded by firms
B. an increase in the quantity of labor supplied by workers and a decrease in the quantity of labor demanded by firms
C . a decrease in the quantity of labor supplied by workers and an increase in the quantity of labor demanded by firms D. a decrease in both the quantity of labor supplied by workers and the quantity of labor demanded by firms
an increase in the quantity of labor supplied by workers and a decrease in the quantity of labor demanded by firms is the most likely outcome minimum wage laws.
In accordance with Indian labor legislation, the Minimum Wages Act of 1948 establishes the minimum wages that must be provided to both skilled and unskilled labourers. a law establishing minimum wage rates for particular firms occupations. To stop employers from abusing their employees. to guarantee the labourers' ability to maintain a respectable standard of living. When an employee whose minimum rate of pay is determined by this Act by the hour, by the day, or by a longer wage period that may be authorised, works on any additional days.
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ou live 20 miles away from your job, where you work five days per week (except for a two-week vacation every year). your car gets 35 miles per gallon, on average. answers must contain exact dollars and cents. (round to the nearest cent) a. if the average price per gallon of gas is $2.50, how much should you budget for gas for your commute in your annual budget? $ b. you are considering a new job that is 30 miles from where you live. how much more will your commute cost you each year? $ c. if you take the new job and the price of gas rises to $3.00 per gallon, how much more will your commute cost you each year? $
If average price per gallon is $2.50, the annual budget for commute should be $712.5.
What is Budget?Budget is the activity of calculating the future expenses and revenues, the budgets are made to analyze the actual results, in this way variance analysis is done.
A. 20 (miles) * 2 (To and back) * 5 (Days a week) * 50 (weeks per year) = 10,000 miles per year.
10,000/35 (miles per gallon)
285gallons * $2.5 per gallon = $712.5
B. 30 (miles) * 2 (To and back) * 5 (Days a week) * 50 (weeks per year) = 15,000 miles per year.
15,000/35 (miles per gallon)
429 gallons * $2.5 per gallon = $1,072.5
C. 429 gallons * $3 per gallon = $1,287
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manufacturing companies that buy the rights to use a film's characters, title, or images on their products are engaging in
The paperwork proving the chain of title must be provided by the licensor, which could be the scriptwriter, producer, or production firm.
What kind of distributor is most likely to buy the distribution rights to an independent foreign film?An international distributor or foreign sales agency will often be hired by a filmmaker for global distribution, and they will be paid a distribution fee that normally ranges from 15 to 30 percent of the film's gross earnings. After deducting its fee, the sales agent will be permitted to recover some distribution costs.
What types of film distribution rights are there?The two distribution models are leasing and profit-sharing. When a distributor leases a movie, they consent to paying a set sum for the right to release it. With profit-sharing, the distributor receives a portion of earnings from the movie. This proportion typically ranges from 10% to 50%.
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louise is inventorying a number of thermal printers stored by her company. she notices that they don't all use the same method of printing. some burn dots into a special paper while others use a ribbon containing a wax-based ink. louise recalls the latter method is called
Some burn dots into a special paper while others use a ribbon containing a wax-based ink. Louise recalls the latter method is called thermal wax transfer printing.
What exactly is wax ink?
In order to maintain the coating's appearance (gloss, matting, and texturing), improve rheology, and avoid pigment settling, waxes are solid to semi-solid compounds that are applied to coatings.
In the digital printing process known as thermal transfer, a ribbon coating is melted and then applied to the paper to create an imprint that adheres to the surface.
Therefore, In contrast, direct thermal printing doesn't use a ribbon throughout the printing process.
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When a company collects cash from accounts receivable? a. the asset accounts receivable increases b. stockholders' equity Increasesc. total assets are not affected.d. liabilities decrease.
Answer:
Explanation:total assets are not affected
When a company collects an account receivable one asset account increases (cash) and another asset account decreases (accounts receivable). The amount of total assets is not affected
When a company collects cash from accounts receivable, the asset accounts receivable increases. therefore, option a is correct.
Explanation:When a company collects cash from accounts receivable, the asset accounts receivable increases. This is because accounts receivable represents the amount of money owed to the company by its customers for goods or services already provided. By collecting the cash, the company is converting the accounts receivable into actual cash, increasing its assets.
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What do investing activities include?
Investing activities include investments in securities or purchases of physical assets.
Physical assets encompass any kind of tangible economic resource, including gold, silver, property, machines, houses, instruments, apparatus, automobiles, and so on.
The phrase 'security' can be used to refer to any kind of financial instrument, however different jurisdictions have different legal definitions for it. Investment securities are assets which can be purchased or sold on open markets or exchanges, such as shares, bonds, and mutual funds. These securities can be traded more quickly, sometimes even the same day, and kept for a long time.
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refer to the diagram for a pure monopolist. monopoly price will be:
The correct response is A) c. monopoly price will be c. See the illustration for a pure monopolist. The price of monopoly will be: c.
The game's name alludes to the economic concept of a monopoly, which is when one company dominates a market. A real estate board game for two to eight players is called Monopoly. By purchasing and developing real estate, the player aims to maintain financial stability while driving rivals into bankruptcy. The game is over once bankruptcy occurs. The winner is whoever is the last player standing on the board. The board game Monopoly was created with capitalism in mind. Its history is also true. World of Money One of the most popular board games in history is called "Monopoly." The game's longevity may in part be attributed to American folklore, which holds that anyone may achieve financial success with just a small bit of money.
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Refer to the diagram for a pure monopolist.
Monopoly price will be
A) c.
B) a.
C) e.
D) b.
fundamentals of corporate taxation (university casebook series) 10th edition rent
You can rent the 10th edition of "Fundamentals of Corporate Taxation (University Casebook Series)" through various online book rental platforms such as Amazon, Chegg, or BookRenter.
An example of renting the 10th edition of "Fundamentals of Corporate Taxation (University Casebook Series)" online is through Amazon. You can go to the Amazon website, search for the book, and select the option to rent the book for a specified period of time. The cost of rental and the due date for the return will be specified at the time of rental. Once the rental period is over, you can either choose to extend the rental period or return the book to Amazon .Go to the Amazon website and search for the book. You can type "Fundamentals of Corporate Taxation (University Casebook Series) 10th edition rent" in the search bar. Select the rental option: Once you find the book, you will see different purchasing options such as buying the book, renting the book, or renting the Kindle edition of the book. Select the option to rent the physical book. Choose the rental period: Amazon will offer different rental periods, such as a semester-long rental or a monthly rental. Choose the rental period that works best for you.
Return the book: When the rental period is over, you will need to return the book to Amazon. Amazon will provide you with the necessary information and instructions for returning the book.
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after considering management's plans, an auditor concludes that there is substantial doubt about a client's ability to continue as a going concern for a reasonable period of time. the auditor's responsibility includes:
An auditor's responsibility when it comes to assessing a client's ability to continue as a going concern for a reasonable period of time is to carefully consider management's plans.
An auditor's responsibility to assess a client's ability to continue as a going concern for a reasonable period of time is critical in providing assurance and credibility to the financial statements.
The auditor must take into consideration the management's plans, review its financial standing, determine any potential issues that may be present and analyze its internal control environment.
It is important to evaluate whether any adjustments need to be made in order to ensure future financial stability and to determine if there are any mitigating circumstances that need addressing.
All of these components must be considered when assessing the client’s ability to continue as a going concern for a reasonable period of time.
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Regarding bonds with put options, which of the following statements are TRUE?I Exercise of the put is at the option of the bondholderII Once the option is exercisable, the bond's price will not fall below the option price if interest rates riseIII Yields on bonds with put options are higher than similar bonds without this featureA. I onlyB. I and IIC. II and IIID. I, II, III
The right response is C, II, and III. Statement I am correct. II is also true, Third statement is also accurate. The increased safety and protection provided by the put option is reflected in the higher yields that bonds with put options typically have compared to comparable bonds without this feature.
A bond is essentially a loan from an investor to a borrower, such as a business or the government. The investor earns interest on the investment while the borrower uses the funds to support its activities. A bond's market value may fluctuate over time. A bond is a loan made to the bond issuer by the bond buyer, or bondholder. When they require money, corporations, governments, and local governments all issue bonds. When a person purchases a government bond, they are lending money to the government. When a shareholder purchases a corporate bond, the shareholder is effectively lending the company money.
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a plaintiff brought suit against a manufacturing company, seeking to recover for damages he suffered when his car's engine burst into flames following the use of an engine additive made by the company. the plaintiff contends that the manufacturing company was negligent and in breach of warranty. an automobile engineer sat in court while the plaintiff testified to the events concerning the engine fire. the plaintiff's testimony was not challenged or rebutted. the plaintiff calls the engineer to the stand and asks him whether, based on the plaintiff's prior testimony, it was possible for a car engine to burst into flames as it did. would the engineer's testimony be admissible?
(C) The testimony of the engineer is admissible because it is based on information he learned during the trial.
Expert opinions may be supported by facts or data that were presented at trial. Having the expert attend the trial and listen to testimony establishing the facts is one acceptable way to accomplish this.
Therefore, (B) is untrue. (A) is untrue. A hypothetical query is not necessary to elicit an expert's judgment in accordance with Federal Rules. (D) is untrue since an expert may base his judgment on the information given to him outside of court, including information that is not admissible as evidence, so long as other experts in the area can properly rely on it.
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Do-It-Yourself home repair shows have become popular in the last few years. Describe one Do-It-Yourself
home repair show that you have seen or heard about. What skills from each pathway in the Architecture and
Construction cluster would help someone who has decided to undergo a construction project themselves
One of the most popular Do-It-Yourself home repair shows I have seen is HGTV's "Fixer Upper".
The show follows husband-and-wife team Chip and Joanna Gaines as they help homeowners turn their outdated home into their dream home. The show features a variety of construction projects, from repairing broken walls to building new structures.
To successfully complete the projects, viewers must possess a variety of skills from the Architecture and Construction cluster. These include math and science skills to understand the architecture and engineering of their project, communication and interpersonal skills to work with the team, and problem-solving skills to navigate any challenges that arise.
Additionally, they must have knowledge of building materials and tools, and how to use them safely and efficiently.
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lake, cpa, is auditing the financial statements of gill co. gill uses the edp service center, inc., to process its payroll transactions. edp's financial statements are audited by cope, cpa, who recently issued a report on management's description of edp's system and the suitability of the design and operating effectiveness of controls. lake is considering cope's report on edp's system in assessing control risk on the gill engagement. what is lake's responsibility concerning making reference to cope as a basis, in part, for lake's own opinion?
Lake may not refer to Cope under the circumstances above.
What are payroll transactions?
Payroll is the total of all the benefits that a company is required to deliver to its employees on a specific day or for a specific amount of time. Usually, the accounting or human resources departments of an organization are in charge of it. Payrolls are directly managed by the owner or an employee in the case of small firms. It entails gathering the list of employees who need to be paid, keeping track of the hours worked, figuring out each employee's compensation, promptly disbursing the payment, and monitoring payroll costs. The four most typical payroll schedules are weekly, biweekly, semimonthly, and monthly, and each has its own advantages and disadvantages that help to evaluate which strategy is appropriate for a particular firm.
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an inventory determined by keeping a continuous record of increases, decreases, and the balance on hand of each item of merchandise is called?
An inventory determined by keeping a continuous record of increases, decreases, and the balance on hand of each item of merchandise is called perpetual inventory.
The balances of your inventory are continuously monitored by a perpetual inventory system. When you buy or sell stock, updates happen immediately. In your inventory accounts, purchases and returns are promptly logged. A food store, for instance, might employ a perpetual inventory system.
A perpetual inventory system is one that automatically and instantly logs each purchase and sale of merchandise. It is used to maintain and record stock levels. In this approach, whenever a transaction occurs, the programme instantly registers a change in inventory levels.
The level of inventory and cost of products sold are determined by a periodic physical count used in the periodic inventory system. Every time a product is received or sold, the perpetual system automatically changes the inventory balances, keeping track of them continuously.
The complete question is:
a) periodic inventory
b) physical inventory
c) merchandise inventory
d) perpetual inventory
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how can a manager maximize the economic surplus when hiring workers?
A manager can maximize the economic surplus when hiring workers by balancing the cost of hiring the workers with the value they produce.
What is economic surplus ?The difference between the total value of goods and services produced and their production costs is referred to as economic surplus. It serves as a gauge for the total gain that a person, business, or society experiences as a result of economic activity. Consumer surplus and producer surplus are added together to determine economic surplus.
Consumer surplus is the gap between what consumers are prepared to pay and what they actually pay for a commodity or service. It stands for the advantage that buyers gain by purchasing a product for less money than they would be prepared to shell out.
Producer surplus is the difference between the price a producer can charge for a commodity or service and the cost of producing it. It stands for the gain that producers experience when a product is sold for more money than it cost them to make.
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marketing research includes all of the following except
required a. prepare closing entries in general journal form using the income summary account. b. after the closing entries are posted, what is the ending balance in retained earnings account? c. prepare a post-closing trial balance.
Answer:
Explanation:
Organization are needed to close their books at the end of each fiscal year so that they can present their annual financial statements and tax returns. However, most companies prepare monthly financial statements and close their books annually, so they have a clear picture of company performance during the year, and give users timely information to make decisions.
Closing entries generated a company for the next accounting period by clearing any outstanding balances in certain accounts that should not transfer over to the next period.
Closing, or clearing the balances, means returning the account to a zero balance. Having a zero balance in these accounts is important so a company can compare performance around periods, particularly with income.
It also aids the entity keep thorough records of account balances effect retained earnings. Revenue, expense, and dividend accounts affect retained earnings and are ended so they can accumulate new balances in the next session, which is an application of the time period requirement.
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10. The length and breadth of a rectangular garden are 330 m and 200 m repectively. Find the length of fencing required
The length of fencing required for a rectangular garden with a length of 330 m and a breadth of 200 m can be calculated using the following formula:
Total Length of Fencing = 2(Length + Breadth) which is 860m.
Therefore, the total length of fencing required for this rectangular garden will be 2(330 + 200) = 860 m.
To calculate the length of fencing required, we need to add the length of the two sides of the garden (330 m + 200 m = 530 m) and then multiply this total by 2. Thus, the total length of fencing required for this rectangular garden is 860 m.
It is important to remember that the length of the fencing should be slightly larger than the perimeter of the rectangular garden to account for the gaps between the posts and any other design features. Therefore, it is recommended to add 10-15% to the total length of fencing required for a rectangular garden.
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