Accounts receivable is where a transaction is documented when a company provides services to a client and the client commits to pay for the services at a later time.
What Are Accounts Receivable (AR)?
The balance of money owed to a business for goods or services delivered or utilized but not yet paid for by clients is known as accounts receivable (AR). On the balance sheet, accounts receivable are shown as a current asset. Any sum of money that clients owe for purchases they made using credit is known as AR. Similar to accounts receivable, accounts payable refers to money that is owed as opposed to money that is to be received. The ratio of accounts receivable to sales outstanding or days sales outstanding can be used to determine how strong an organization's AR is. To determine when the AR will actually be received, a turnover ratio study might be performed.
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In a public corporation, which of the following reports directly to the owners of a firm? O CFO O Board of directors O CEO O Audit committeeÂ
This is a company's most fundamental source of funding and, ideally, its main revenue stream. Retained earnings are the net income that is left over after costs and obligations (RE).
In accordance with generally recognized auditing standards, the independent auditor is in charge of conducting independent audits of the company's consolidated financial statements and issuing reports thereon. When covered by limited liability, business owners, investors, and shareholders are not held responsible for financial obligations, legal disputes, or insolvency. Examples of various business structures that give liability protection include corporations, limited liability companies, and limited liability partnerships. The CFO is the top executive in charge of overseeing a company's finances.
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if beginning cash equaled $10,000 and ending cash equals $19,000, which is true in the cash flow statement?
The ending cash equals $19,000 is a true cash flow statement.
In the cash flow statement, an increase in cash is accounted as a true cash inflow, and a decrease in cash is reported as a false cash outflow.
Assuming that the beginning cash balance was $10,000 and the ending cash balance was $19,000, it means that there was an increase in cash during that period.
So this would be accounted as a true cash inflow in the cash flow statement.
Therefore, the ending cash balance was $19,000, which represents a true cash inflow compared to the beginning cash balance of $10,000.
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The college admissions scandal, which is described in the Management in Action case, breaches what level of Carroll’s global corporate social responsibility period?
Multiple Choice
A. legal
B.economic
C.philanthropic
D.global
The college admissions scandal, which is described in the Management in Action case, breaches a legal level of Carroll’s global corporate social responsibility period. Option A. Legal is correct.
The college admissions scandal, as described in the Management in Action case, breaches the legal responsibility level of Carroll's global corporate social responsibility pyramid.
This level refers to the obligation of organizations to abide by the laws and regulations set by governments and other relevant authorities.
In this case, the individuals involved in the scandal, including coaches and parents, engaged in illegal activities such as bribery, fraud, and racketeering, in order to secure admission for their children into prestigious universities.
These actions not only violated the law but also compromised the integrity of the admissions process and caused harm to those who were unfairly denied admission.
As a result, the college admissions scandal serves as an example of the importance of organizations fulfilling their legal responsibilities in order to maintain public trust and avoid damaging consequences.
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what are the three reasons a brand is important in product planning? list each reason and explain why it is important.
The three reasons a brand is important in product planning are customer relationship, to gain trust and for differentiation.
What is product planning?
The continual process of locating and expressing market requirements that specify a product's feature set is known as product planning, sometimes known as product discovery. It forms the foundation for choices about price, distribution, and advertising. Product management throughout the product's life cycle using different marketing strategies, such as product extensions or improvements, increased distribution, price changes, and promotions, is frequently achieved by companies and businesses to respond to long-term challenges in the business environment. In order for products to target important client desires, it entails understanding the needs and preferences of core customer groups.
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the sum of direct materials and direct labor is called cost. true or false
The statement "the sum of direct materials and direct labor is called cost." is False. The sum of direct material and direct labor is called prime cost.
Prime cost is also known as manufacturing overhead cost.
Product costs are also known as inventory costs. Prime cost also means the expenses directly related to creating the finished product. examples: direct materials, piece rate pay, service labor, and commission.
Conversion costs are the cost incurred when changing raw material into a product. Examples: rent, utilities, salaries, wages, depreciation, maintenance cost, insurance, and cost of goods sold.
So based on the explanation above the question above is false. The correct term is prime cost.
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How did steamboats contribute to the growth of the american economy?
Compared to other types of craft used at the time, such as flatboats, keelboats, and barges, steamboats greatly reduced both the time and expense of shipping goods to distant markets.
A rate is an object requiring an outflow of cash, or any shape of fortune in standard, to some other person or group as the price for an item, service, or other class of costs. For a tenant, rent is a cost. for students or dads and moms, training is a cost. buying food, apparel, furnishings, or an automobile is often called an expense. A fee is a fee that is "paid" or "remitted", usually in an alternate for something of price. something that seems to price a superb deal is "highly-priced". something that seems to price little is "cheaper". "charges of the table" are costs for dining, refreshments, a feast, and so forth.
In accounting, the cost is any particular outflow of cash or different treasured assets from a person or organization to every other character or employer. This outflow is typically one aspect of an alternative for services or products that have equal or better contemporary or future cost to the purchaser than to the vendor. Technically, an price is an occasion wherein a proprietary stake is faded or exhausted, or a liability is incurred. In phrases of the accounting equation, expenses lessen owners' fairness.
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primary markets are markets in which users of funds raise cash by selling securities to funds suppliers.
Primary markets are markets where fund users raise funds by selling securities to fund providers.
Which market is the primary market?
The market on which the securities are originally created and issued is called the primary market, while the secondary market is the market on which they are subsequently traded between investors. The securities are generated on the primary market and traded by investors on the secondary market. Companies sell new stocks and bonds to the public for the first time in the primary market, for example through an initial public offering (IPO).
Corporations, governments, or public sector organizations can raise funds in the primary market by issuing bonds, and corporations can do the same by selling new stock in an initial public offering (IPO).
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The complete question is
Primary markets are markets in which users of funds raise cash by selling securities to funds suppliers. true / false.
Job order costing would be used for all of the following except A. Construction of a custom home B. Production of running shoes C. Production of a Pixar movie D. Production of wedding Invitations
Option (b), With the exception of manufacturing running shoes, all of the following would utilize job order costing.
What do you mean by "work order costs"?The task order costing method is used to determine the manufacturing costs for each product. This costing method is often applied when the producer needs to calculate the cost of carrying out a particular job while manufacturing a large number of distinctive goods.
Which manufacturing organization is most likely to employ a task order costing system?The companies most likely to employ the process costing system are those that produce paint, build yachts, and bottle soft drinks. The two businesses most likely to use the task order costing technique are the print shop and the caterer.
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There are approximately 3,000 bass in a lake. The population grows at a rate of 2% per year. Round answers to the nearest tenth.
From Year 1 to Year 4, the average rate of change of the population was about 62.4 bass per year.
The growth model is given by:
P(t) = Po (1 + r)ⁿ
Where:
P(t) = quantity at time t
Po = initial quantity
r = growth rate
n = number of periods
Information available in the problem:
r = 2% = 0.02
Po = 3000
Hence,
P(1) = 3000 x (1 + 0.02)
P(1) = 3060
P(4) = 3000 x (1 + 0.02)⁴
P(4) = 3,247.3
The average rate f change from year 1 to year 4 is:
P(4) - P(1) / (4 - 1) = (3,247.3 - 3060)/3 = 62.4
Your question is incomplete, most likely it was:
There are approximately 3,000 bass in a lake. The population grows at a rate of 2% per year. Round answers to the nearest tenth.
From Year 1 to Year 4, the average rate of change of the population was about _____bass per year.
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which player in the economy supplies labor in the factor market?
Answer: Households
Explanation: I picked this one and got it right
Understanding the basic organization and expectations for good- and neutral-news messages will help you build goodwill and maintain your professional credibility in business relationships. These questions review the basic good- and neutral-news guidelines for messages.
Which of the messages should always follow a deductive outline? Check all that apply.
a.Appreciation messages
b.Routine claim messages
c.Persuasive claim messages
As per me all of the below, i.e Appreciation Messages, Routine Claim, Messages, Persuasive Claim Messages applies.
Writing good- and neutral-news messages can be challenging, especially for those who are still learning the ropes of business communication.
When it comes to good- and neutral-news messages, the deductive outline is the best option to follow. This type of structure starts with a general introduction, and then moves on to specific details and evidence to support the main idea.
Appreciation messages should begin with a friendly introduction and express gratitude for the recipient’s actions. The main body of the message should provide the details of what is being appreciated and the reasons behind it.
Routine claim messages should state the claim and provide supporting evidence in the main body, followed by a conclusion.
Finally, persuasive claim messages should present the persuasive argument, explain how it will benefit the recipient, and include evidence to back up the argument.
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social responsibility is question 6 options: an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders. principles and standards that guide behavior in the world of business. a business's responsibility not to pollute the environment. a business's responsibility to manufacture products that function properly. charitable contributions made by a business to enhance its image.
Option (c), Environmental stewardship is a component of social responsibility for businesses.
What does social responsibility mean exactly?Each person is responsible for carrying out their civic responsibilities in accordance with the ethical principle of social responsibility, and their deeds must be beneficial to society as a whole. In this way, it is important to achieve a balance between economic development and the welfare of society and the environment.
A business must act in a way that benefits society in addition to achieving shareholder value in order to be considered socially responsible. Businesses that value both society and the environment should create rules that restrict harmful consequences while fostering both society's and the environment's well-being.
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what is most likely to happen when inflation increases?
When inflation increases, the general level of prices for goods and services rises, causing a decrease in the purchasing power of money.
Inflation can be interpreted as an increase in the price of goods and services in general and continuously within a certain period of time. Deflation is the opposite of inflation, namely a decrease in the price of goods in general and continuously. Inflation arises due to pressure from the supply side (cost push inflation), from the demand side (demand pull inflation), and from inflation expectations. Factors causing cost push inflation can be caused by the depreciation of the exchange rate, the impact of foreign inflation, especially in trading partner countries, increases in administered prices for commodities, and negative supply shocks due to natural disasters and distribution disruptions.
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An individual covered under a Blue Cross Blue Shield plan is called a(n)
participant
subscriber
policyowner
insured
The terms insurance firm, carrier, and insurer are sometimes used synonymously. Although "provider" is sometimes used as a synonym in this sentence, it is more frequently used to refer to the hospitals and physicians who deliver healthcare services.
Defined Contribution is an essential part of a private exchange (DC). This enables firms to give each employee a fixed-dollar quantity of coverage. The employee then spends this money on benefits specific to their requirements and covers the cost difference. If all or a portion of their coverage under the group policy expires, the insured person has the option to replace all or a portion of their life insurance benefit with a separate individual policy.
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if the rate of inflation is -2% and the nominal rate of interest is 4%, what is the real rate of interest?
The coexisting condition shows the connection between nominal interest rate, real interest rate, and affectation decoration Nominal Interest Rate.
Real Interest Rate Affectation Premium Consequently, when the nominal interest rate is 4, and the affectation decoration is 2, you have Consequently, the real interest rate is 2.
Nominal interest rate alludes to the interest rate previous to considering affectation. The government subsidizes rate, the interest rate set by the Central bank, is the evanescent nominal interest rate that's the reason for other interest rates charged by banks and fiscal establishments. To try not to buy power decomposition through affectation, fiscal backers consider the real interest rate, rather of the nominal interest rate. APY( monthly rate yield) is the successful interest rate which will in general be more applicable to borrowers and banks than the nominal, or expressed, interest rate.
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write in brief about the programs of Nepalese University
The Nepalese universities offer a wide range of programs including science, technology, engineering, arts, humanities, business, and law. The curriculum is designed to provide students with practical skills and theoretical knowledge to prepare them for their future careers.
What are academic programs?An academic program is a collection of courses and related activities designed to meet the University's established learning goals. Academic components include units, departments, schools, colleges, and centers, as well as any other aspect of an academic program.
To make a program greater than the sum of its parts, you must have the support of a devoted faculty as well as a community of motivated students.
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Which of the following questions would be studied in the area of microeconomics?-What determines the number of hours an individual works?-Do interest rates affect net exports?-Will an increase in government spending cause inflation?-What portion of total spending comes from households?-Does hosting the Olympics decrease the unemployment rate?
The following questions would be studied in the area of microeconomics: -What determines the number of hours an individual works?
The basic unit of study in microeconomics would be individual business and households. Microeconomics is the study of economic tendencies, or what is likely to happen when individuals make certain choices or when the factors of production change.Microeconomics is the study of what is likely to happen (tendencies) when individuals make choices in response to changes in incentives, prices, resources, and/or methods of production. Individual actors are often grouped into microeconomic subgroups, such as buyers, sellers, and business owners.
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T/F. A corporation may be searched by a government agency at any time and for any reason.
A business may be searched by a government agency or company at any time and for any cause. The given statement is False.
The paragraph states that the United States Congress shall have the power "to regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes." Courts and pundits have frequently debated each of these three trade sectors separately as a congressional power.
The "Commerce Clause" is found in Article 1, Section 8, Clause 3, which gives Congress the power "to regulate commerce with foreign nations, among the several States, and with the Indian Tribes." The only person who could buy wine would be a distributor in New York, who would then be able to sell it to a merchant.
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ramsey explain cash-flow statements. how do they work and what specifically do they show you? give examples of how a cash flow statement will help you adjust your budget for the following month
The goal of a cash flow statement is to give a thorough account of what happened to a company's cash over a given time period, known as the accounting period.
How does cash flow work?The goal of a cash flow statement is to give a thorough account of what happened to a company's cash over a given time period, known as the accounting period.Based on how much money is coming into and going out of the company, it shows how well a company can operate both short-term and long-term.With the use of a monthly cash flow plan, you can better comprehend how money enters and leaves your account over the course of a given month.The net movement of cash into and out of a business at a particular point in time is referred to as cash flow.A business's flow of cash is continuous.As an illustration, money leaves the company when a retailer purchases inventory.To learn more about cash flow statement refer
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What are the capacity expansion strategies?
There are three generally perceived capacity strategies: lead, slack, and following. A lead limit procedure adds a limit fully expecting expanding requests. A slack methodology doesn't add a limit until the firm is working at or past the full limit.
The three procedures for growing capacity are capacity lead methodology, limit slack technique, and normal limit system. The limit lead methodology is when the limit is expanded fully expecting request development.
Capacity extension is the most common way of giving new offices after some time. satisfy rising needs. An overall numerical model of this cycle is. introduced, integrating questionable future interest non-zero lead times and irregular expense invades.
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1. Juan is enrolled in marketing education courses and is 17 years old. Juan has been hired by an electrical contractor. Juan is hoping to use this job as a cooperative work site placement. You are told that Juan’s job is to pull electrical components out of inventory and drive them to the job site.
From the above scenario, it is clear that Juan's Job Description is not in alignment with what he hopes to do as a cooperative work site placement and what he is studying.
What is a Job Description?A job description is a document that outlines the responsibilities, duties, tasks, and requirements of a particular job within an organization.
It acts as a blueprint of the job, providing essential information about the position, such as the title, department, and reporting structure. A job description also details the necessary skills, qualifications, and experience needed for the role, as well as the work schedule and compensation.
The purpose of a job description is to communicate to potential candidates what the job entails and to ensure that the employee hired is a good fit for the position and the company as a whole.
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Full Question:
Juan is enrolled in marketing education courses and is 17 years old. Juan has been hired by an electrical contractor. Juan is hoping to use this job as a cooperative work site placement. You are told that Juan’s job is to pull electrical components out of inventory and drive them to the job site.
What is wrong with Juan's job description?
which type of managers are typically concerned with the interaction between the organization and its external environment.
Operational managers play a crucial role in an organization because they provide. the link between management and nonmanagement personnel.
How does external environment affect managers?
We're going to look at three ways the external environment constrains and challenges managers: through its impact on jobs and employment, through the environmental uncertainty that is present, and through the various stakeholder relationships that exist between an organization and its external. The external environment can be broken down into two types: the micro environment and macro environment. The micro environment consists of the factors that directly impact the operation of a company. The macro environment consists of general factors that a business typically has no control over.
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question 5 defense against foreign aggression, maintenance of public order, and a stable currency are examples of
Defense against foreign aggression, maintenance of public order, and a stable currency are examples of functions or responsibilities of a government. A government is an organized system of power, authority, and administration put in place to manage the affairs of a country or territory.
The government is responsible for ensuring the protection and welfare of its citizens, and it performs several functions to achieve this goal.
Defense against foreign aggression is one of the primary responsibilities of a government. The government must have a strong military and security apparatus to protect its citizens and territory from external threats. This includes ensuring the safety of its borders, protecting the nation from terrorism and other forms of violence, and maintaining peace and stability in the region.
Maintenance of public order is also an important responsibility of a government. This involves maintaining law and order within the country, preventing and controlling crime, and ensuring that citizens are safe and secure. The government also works to protect citizens' rights and freedoms, and to provide a stable and secure environment for citizens to live and work.
A stable currency is also an important function of a government. The government must ensure that its currency remains stable, and that it has sufficient reserves to manage monetary policy. A stable currency helps to promote economic stability, and to encourage investment and growth in the country.
In conclusion, defense against foreign aggression, maintenance of public order, and a stable currency are examples of important functions and responsibilities of a government. The government must work to ensure the protection and welfare of its citizens, and to promote stability and security within the country.
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a customer at the furniture store thinks that if the cost of an item is increased by 20% and then decreased by 20%, it will return to its original price. use your knowledge of percentages to explain why the customer is or is not correct.
According to the percentage concept, the customer is not correct as the final price is 4% less than the original price.
What is the percentage?
A percentage is a quantity or ratio that is expressed as a fraction of 100. The percentage sign "%" is used to denote it. The percentage is denoted by the abbreviations "pct" or "pc". In other words, the percentage is measured in terms of 100 and is defined as the amount of one quantity that is made up of another.
The % is a flat number. They are dimensionless numbers, in other words. When we say a number is 60% of another, we mean that it is 60% of the whole. It can even be written as a fraction or a decimal, such as 0.56% or 0.87%. The proportion of the marks earned by students in each topic during the exam is calculated.
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this time period was characterized by the automation of routine tasks like processing payroll, welding car parts together, or sending invoices to customers.
You could be referring to the Fourth Industrial Revolution, also known as Industry 4.0, which is defined by the incorporation of cutting-edge technology like artificial intelligence, robots, and the Internet of Things into the manufacturing and other sectors of the economy.
This period has seen the automation of several everyday jobs, including those described in the question, which has improved corporate productivity and reduced costs. The growing automation has, however, also sparked worries about job displacement and the necessity for employees to pick up new skills in order to compete in the shifting labour market from one market to the another market.
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A production possibilities frontier shows:
a. how money can be allocated among two kinds of goods.
b. the limits to future growth of a nation.
c. the various combinations of output a nation can produce at a certain time, given its available resources and technology.
d. that if the price of one good decreases, the price of the other has to increase.
What is the cost of goods manufactured?
The "Cost of Goods Manufactured" (COGM) in accounting refers to the overall cost associated with converting raw material inventory into finished goods inventory during a predetermined time period.
What do you mean by inventory?All of the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory. Example: If a newspaper seller utilizes a vehicle to deliver newspapers to consumers, just the newspapers will be counted as inventory. The car will be handled as an asset.
What does SAP define as inventory?Inventory management is concerned with the management of stock on a value or quantity basis. Planning, entering, and maintaining records of all commodities movements are all part of it. The material document, which is created when goods are moved, contains an update to every stock quantity and value in the inventory.
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the graph of the loanable funds market is different than that of the money market in which of the following ways?
The loanable funds is different than the money market because of the loanable fund curve will be slap downward
The demand and deliver for one-of-a-kind sorts of capital take vicinity in capital markets. In these capital markets, firms are usually demanders of capital, while families are normally suppliers of capital. households supply capital items not directly, through choosing to keep a component of their earning and lending those financial savings to banks. Banks, in flip, lend household savings to firms that use these budget to buy capital goods.
Loanable fund. The term loanable finances is used to describe funds which might be available for borrowing. Loanable finances include family financial savings and/or financial institution loans. because funding in new capital goods is often made with loanable funds
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The development of today's consumer culture requires that people continually desire and purchase new goods and services. This contrasts with the frugality and modesty of the so-called "Protestant ethic" of the past and represents a shift in cultural values. Which of the following bears the MOST responsibility for this shift?
a) the marketing and educational industries
b) the advertising and financial services industries
c) the credit card and fashion industries
d) the banking and loan industries
The two industries that are most at fault for this transition are advertisements and wealth management. Your best option is (b).
Western civilizations were thought to be the greatest civilized of all the organization worldwide, according to the 19th century thesis of common ancestor cultural progression.
Which are the financial services sector's five key segments?
Banking. Depositing money into accounts for savings and checking in addition to making loans to clients are all part of banking.
Advisory.
Accounting for wealth.
the mutual funds.
Financial services companies, insurance
What exactly does the financial services sector entail?
Numerous depository banks, firms that offer commodities, insurance carriers, businesses that extend credit and finance, as well as enterprises that offer essential financial commodities and resources to help those operations are all members of the financial industry.
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describe the ways in which the government provides a safety net for banks. how has that safety net evolved over time
The government has provided a safety net for banks by setting up FDIC.
The government has set up the FDIC to insure bank deposits of up to $100,000 per account holder in a bank, they act as a lender of last resort of lending money to the banks, and they have a policy for banks deemed too big to fail by the government. These too-big-to-fail banks are banks that would seriously hurt the banking industry or the economy if they failed. These safety nets have evolved over time in a few different ways. The FDIC increased their insurance to cover $250,000 instead of $100,000 in order to prevent bank runs. In order for a bank to be eligible to use a lender of last resort, they must be solvent but illiquid. The government will make exceptions to these requirements as they did in 2008. The final evolution is with the too-big-to-fail banks, in 2009 the government helped merge Wachovia with Wells Fargo in order to combine the weaker bank with a strong bank and help stop a bank run.
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