Answer: Please find answer in the explanation column
Explanation: A bank Reconciliation statement is one that shows a record ensuring a company's bank financial records corresponds with its financial book records and adjust any discrepancies found.
Bank reconciliation for the Wright company as of May 31st
Ending balance according to Bank statement $27,200
Add:
Deposit made $6,900
Bank error $470
$34,570
Deduct:
Outstanding checks ($6,300)
Adjusted bank balance $28,270
Ending balance according to Book statement $28,900
Add:
Deduct:
Bank Service Charge ($170)
NSF check ($460)
Adjusted book balance $28,270
5. The process of establishing and maintaining contacts with key managers in your own and other organizations, and using those contacts to weave strong relationships that serve as informal development systems is called
Answer:
networking.
Explanation:
Networking is defined as the process of creating a network of contacts that can be beneficial to an individual's professional life.
This form of relationship is widely used in the professional field, and can confer advantages in helping professional development, obtaining relevant information, the opportunity to get a new job, etc.
It is an interesting way to establish and maintain interpersonal relationships, as long as they are strongly based on ethics, obtaining a solid base of relationships with co-workers will bring significant benefits to an individual's career.
Which of the following is an example of task performance behavior?Holding a meeting to build team moraleOffering to help an employee with personal problemsSending a get-well card to an employee who is hospitalizedDetermining next week's work schedule
Answer:
Determining next week's work schedule
Explanation:
Performance behaviour are those that are measurable and there is a measurable connection between that behaviour and the result achieved.
Performance behaviour can be contextual performance (voluntary in nature) or task performance (related to technical core of business).
Task performance behaviour are mostly job related behaviours that have measurable outcome on the job.
Determining next week's work schedule is a task performance behaviour because it is a core job function to set work schedule.
Mrs. Turner is comparing her employer’s retiree insurance to Original Medicare and would like to know what services Original Medicare will cover if the appropriate criteria are met? What could you tell her?
Answer:
Original Medicare covers ambulance services.
Explanation:
Since in the question it is mentioned that the Turner compared her employer retired insurance with respect to the Original Medicare and also she would like to know whether what services are covered if the prescribed criteria are met
So here the original medicare covers the ambulance services as this is a pre hospitalization charges that are mentioned in the insurance policy
The federal health insurance program known as Medicare is available to the person whose age is 65 or older. The services that original Medicare will cover are ambulance services.
In hospitals, doctors' offices, and other healthcare institutions, the majority of medically required services and supplies are covered by Original Medicare.
Some benefits, including routine checkups, the majority of dental treatment, and eye exams, are not covered under original Medicare. Medical care received outside the United States is typically not covered by Original Medicare. It's possible to purchase a Medicare Supplement Insurance (Medigap) plan that offers emergency medical coverage abroad.Therefore, The services that original Medicare will cover are ambulance services.
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Record the following transactions for Red Wood Trails in a general journal.
June 3 Purchased $3,985 of merchandise on account from JVC Co.
9 Purchased $2,300 of merchandise on account from Prime Target and Co. Credit terms 2/10, n/30.
12 Purchased $675 of store supplies on account from Craft Shop.
13 Paid for June 3 purchase of merchandise from JVC Co.
19 Paid for June 9 purchase of merchandise from Prime Target and Co.
Answer:
Date Account, title and description debit credit
June 3 Merchandise inventory 3,985
Accounts payable 3,985
Merchandise purchased on account
from JVC Co.
June 9 Merchandise inventory 2,300
Accounts payable 2,300
Merchandise purchased on account
from Prime Target, terms 2/10, n/30
June 12 Store supplies 675
Accounts payable 675
Merchandise purchased on account
from Craft Shop
June 13 Accounts payable 3,985
Cash 3,985
Paid for June 3 purchase of
merchandise from JVC Co.
June 19 Accounts payable 2,300
Cash 2,254
Purchase discounts 46
Paid for June 9 purchase of
merchandise from Prime Target and
obtained a 2% discount
Your rich uncle has promised to sell you his vintage car, which is worth $50,000, for just $10,000 if you can raise that amount by your sixteenth birthday. There are fifteen months until your birthday and you currently have $9359.08 in a money market account earning 5% interest annually. Using this information and the continuously compounding interest formula:
Answer:
The question is incomplete:
Answer the following questions::
a. How long will it take this bank account to reach $10,000? Explain how you determined this and show your work.
b. Will you have enough money to buy the car 15 months from now? Will the account have some money left over?
a)
FV = PV x e^rn
FV = future value
PV = present value
e = 2.7183 (always)
r = interest rate
n = time
10,000 = 9,359.08 x 2.7183⁰°⁰⁵ⁿ
2.7183⁰°⁰⁵ⁿ = 10,000 / 9,359.08 = 1.06848109
ln 2.7183⁰°⁰⁵ⁿ = ln 1.06848109
0.05n = 0.066238097
n = 0.066238097 / 0.05 = 1.3248 years
1.3248 years = 1 year, 3 months and 27 days
b)
Since it takes 1 year, 3 months and 27 days to have $10,000, you will not have enough money if you leave it there for 15 months. Total balance at the end of 15 months:
FV = 9,359.08 x 2.7183⁽⁰°⁰⁵ ˣ ¹°²⁵⁾
FV = 9,359.08 x 2.7183⁰°⁰⁶²⁵
FV = 9,359.08 x 1.064494904 = $9,962.69
Proponents of using the inflation tax to finance government budget deficits argue that: Multiple Choice these deficits would be far worse otherwise. inflation is ultimately beneficial in the long run. the economic slowdown produced by the inflation tax is preferable to the hyperinflation that would occur in the absence of the inflation tax. while inflation is undesirable, the breakdown of the economy that would occur in the absence of an inflation tax would be worse.
Answer: while inflation is undesirable, the breakdown of the economy that would occur in the absence of an inflation tax would be worse.
Explanation:
Budget deficit is a situation whereby the expenditure of the government for a certain year is more than the revenue the government makes.
Proponents of using the inflation tax to finance government budget deficits argue that while inflation is undesirable, the breakdown of the economy that would occur in the absence of an inflation tax would be worse.
A customer returns merchandise that was delivered in poor condition and that does not meet specification. The account that the seller would debit for the amount of the return is
Complete Question:
A customer returns merchandise that was delivered in poor condition and that does not meet specifications. The account that the seller would debit for the amount of the return is?
Group of answer choices
A. Sales Revenue
B. Purchases
C. Purchase Returns and Allowances
D. Sales Returns and Allowances
Answer:
D. Sales Returns and Allowances.
Explanation:
If a customer returns merchandise that was delivered in poor condition and that does not meet specification. The account that the seller would debit for the amount of the return is Sales Returns and Allowances.
Sales returns in financial accounting refers to the account for recording any merchandise that is returned by a customer for a refund. Allowance is the privilege given to a customer by the retailer (seller) of a product for supplying a defective or improper merchandise. The sales returns and allowances usually makes up the contra-revenue account of a business which is typically deducted from sales.
what is second-tier security market?
Answer:
a secondary market, such as the AIM, where securities which are not listed on the main Stock Exchange can be traded.
Explanation:
which of the following is NOT located on the help tab?
Answer:
d. keyboard shortcuts.
Explanation:
The following is NOT located on the help tab keyboard shortcuts. Thus the correct answer is D.
What is the importance of the help tab?The Online Help can be viewed from the Help tab and at any time by clicking the F1 key. This menu also includes some helpful links to the EC Software website as well as a number of links to certain vital information and how-to issues in the help.
The help tab helps users to find search the menu icon which helps to find the menu on a PC. It helps to find the menus on the web along with help which helps to identify search issues. To make it simpler to discover and get you out of a difficulty, look for your instruction.
Therefore, the option D keyboard shortcut is the appropriate answer.
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During a storm a tree falls on your parked vehicle. What insurance is going to cover the damage to your vehicle
Answer:
Car insurance might help for the tree damage while comprehensive coverage might help for the damages and to repair.
Answer: Well flex tape can't fix that one so auto insurance will fix it...
Explanation:
You need to keep an inventory of all company computers. You want to use a mechanism that will help you to identify the assets. What should you use to accomplish this
Answer: Labeling
Explanation:
The mechanism that can be used to keep an inventory of all company computers in order to help identify the assets is referred to as labeling.
Labeling is simply defined as the display of information about a certain product. This is vital to help customers easily identify the good and also makes it different from other.
The board and top managers of a nonprofit organization have considerable latitude to decide how they will spend the organization’s resources because:________
a. they are a private foundation.
b. the organization does not have shareholders.
c. they are typically small organizations.
d. they receive contributions and government grants.
d. all monies earned are pumped back into the business.
Answer:
b. the organization does not have shareholders.
Explanation:
A nonprofit organization does not have any owners, therefore, there is no one that can control, approve or disapprove the decisions made by the board and top management. How each nonprofit is organized depends on the state where it has been formed, but generally speaking, since there is no one to control, the board and managers have a lot of decision power.
The primary purpose of _________ behaviors is to enhance employees’ skills and to create positive work relationships among coworkers and between the leader and his or her employees.
Answer:
relationship-oriented
Explanation:
The relationship oriented refers to building a good relation with the employees so that they gets the motivation that results the improvement in their work by giving their best effort to complete a task
Here, to enhance the employees skills and building a positive relation among coworkers represents the relationship-oriented and the same is to be considered
Match the three important aspects or commitments of Italian cuisine with their correct descriptions. nostrano sisposa campanilismo a commitment to "what goes together grows together" arrowRight a commitment to locally grown ingredients arrowRight a commitment to restrict the region to within the sound of the town's bell or village square
Answer:
The answer is below
Explanation:
The three important aspects or commitments of Italian cuisine with their correct descriptions are given below:
1. Nostrano: this is described as a commitment to locally grown ingredients.
2. Disposal: this also described as a commitment to what goes together grows together
3. Campanilismo: this is simply described as a commitment to restrict the region to within the sound of the towns bell or village square
Answer:ask a teacher or parent
Explanation:
When a negotiable instrument is transferred, the transferor warrants all of the following EXCEPT:_______
a. As far as she knows the issuer is solvent.
b. The instrument has not been altered.
c. All signatures are authenticthe instrument is bearer paper.
Answer:
The answer is "that, the transferee is also an instrument holder only in the precise way".
Explanation:
In the given question the correct choice was missing. so, the correct choice can be defined as follows:
This is a signed contract guaranteeing a monthly payment to just the individual or consumer in question like, Inspections, money orders, and promissory notes are typical examples of negotiable instruments, in which its holder is the instrument only for the transferor, and the wrong choice can be defined as follows:
In choice a, it is incorrect because not all signatures were authentic. In choice b, it is incorrect because the issuer is solvent as far as she does not know. In choice c, it is wrong because the system was changed.Kyler's using conversion tracking tags to gain insight into how effectively his ads are converting customer transactions for his online store. But he notices that conversions aren't functioning. What can help him troubleshoot this issue?
Answer:
Google Tag Assistant
Explanation:
Google Tag Assistant, as the name implies, is a tool that assists a user to ensure or make verification of several google tags are installed in an appropriate manner. It is a Google Chrome extension that aids in carrying out troubleshooting various installed google tags such as Google Analytics, Adwords Conversion Tracking, Google Tag Manager, etc.
Hence, in this case, the correct answer to this question is Google Tag Assistant
Which statement is true about the straight-line method of depreciation? It recognizes expense proportionately with the amount of use of the asset. It is the preferred method for companies expecting to use the asset more in its early years of life. It allocates an equal amount of depreciation to each year of the asset's service life. It is an accelerated method of depreciation.
Answer:
The statement that "It allocates an equal amount of depreciation to each year of the asset's service life" is true.
Explanation:
Depreciation expense is the systematic allocation of the cost of an assets over the estimated useful life of the asset. The depreciation expense can be charged on an asset using various methods. One of the most common methods is to use the straight line method of depreciation.
The straight line method charges a constant depreciation expense through out the useful life of the asset. This means that regardless of the use of the asset in each year, the straight line method charges the same depreciation expense every year.
The formula for depreciation expense under this method is,
Depreciation expense = (Cost - Residual value) / Estimated useful life of the asset
Thus, the statement that "It allocates an equal amount of depreciation to each year of the asset's service life" is true about the straight line method of depreciation.
todd, a sales representative, is facing the challenge stressor of trying to close a sale on a major account. during the meeting with the customer, todd is therefore likely to
Options :
A) be strongly motivated and perform well
B) be poorly motivated out of fear, and perform poorly
C) develop severe emotional symptoms of stress
D) develop severe physical symptoms of stress
Answer: A) be strongly motivated and perform well
Explanation: Stressors pertaining to business may be explained as those demands which a job or business requires of workers. The challenge stressor includes demands such as volume of chores or workload, time constraint and other factors which could be place added responsibility or burden on an individual. In most cases however, these responsibilities or burden usually acts to motivate the employee or business owner and in the long run aids personal and professional growth. In the scenario above, The challenge stressor which Todd is faced with is one which requires him to be on top and thus requires preparation so as to be able to perform well and not appear as a novice during the business meeting. Hence, this should motivate him and hence put up a good performance.
he Triffin paradox warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long run. was indeed responsible for the eventual collapse of the dollar-based gold-exchange system in the early 1970s. was first proposed by Professor Robert Triffin. all of the options
Answer: all of the options
Explanation:
Triffin paradox simply explains the economic interests conflicts that are faced by the countries that have their currencies been used as standards for global currencies.
The Triffin paradox was first proposed by Professor Robert Triffin. He also
warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long run and was also responsible for the eventual collapse of the dollar-based gold-exchange system in the early 1970s.
When merchandise is sold and the perpetual system of inventory is used, the journal entry for a sale would include:_____.a. debiting Cost of Goods Sold and crediting Accounts Receivable. b. debiting Accounts Receivable and crediting Sales. c. debiting Accounts Receivable and crediting Cost of Goods Sold. d. debiting Accounts Receivable and crediting Inventory.
Answer:
b. debiting Accounts Receivable and crediting Sales.
Explanation:
When merchandise is sold and the perpetual system of inventory is used, the journal entry for a sale would include debiting Accounts Receivable and crediting Sales.
A perpetual system of inventory can be defined as a process of financial accounting, which involves the recording of informations about an inventory on a continuous basis (in real-time) as the sales or purchases are made through the use of enterprise management software applications and a digitized point-of-sale services.
In Accounting, to record a journal entry for a sale on an account, the account receivable would be debited because it is an asset and shall be increased with debits while crediting the sales account for the amount being paid by the customer.
Under a perpetual system of inventory, updates of the journal entry for a sale would include debiting Accounts Receivable and crediting Sales immediately as it is being made or happening. This is to ensure that the inventory account balance is always accurate provided there are no spoilage, theft etc.
The equation for net investment is written as: Net Investment = Gross Investment - Depreciation Net Investment = Consumption - Gross Investment Net Investment = Depreciation - Gross Investment Net Investment = Nominal GDP - Gross Investment
Answer:Net Investment = Gross Investment - Depreciation - A
Explanation:
Net investment is the total amount invested by the company which it spends on its capital assets, less expenditure cost for depreciation on the assets during an accounting period
When the gross investment is higher than depreciation over a long accounting period , then the net investment will be positive, but negative . If gross investment is lower than depreciation over a long accounting. These negative and positive values shows the productive ability of a company and so a negative Net investment is undesirable since a company's productivity ability is going down.
The equation for net investment is written as: Net Investment = Gross Investment - Depreciation
A customer has just received a $100,000 inheritance and wants to know what to do with the money until he decides how to use it. He thinks that he will make his decisions on what to do with the funds within 3 months. The BEST recommendation is for the customer to buy:"_______
a. Treasury Bills
b. Treasury Notes
c. Investment Grade Preferred Stock
d. Certificates of Deposit
Answer:
The answer is A. Treasury Bills
Explanation:
Treasury bills (T bills) are short-term security(debt security) backed by the national government. The maturity period is always less than a year or a year at maximum.
Since the customer's horizon is 3 months, he should walk up to his bank and buy treasury bills. It is always risk free.
Tbills is usually sold at discount to par value i.e the purchase price is less than the face value(value at maturity) of the bill.
In Year 8, Seda Corp. acquired 6,000 shares of its $1 par value common stock at $36 per share. During Year 9, Seda issued 3,000 of these shares at $50 per share. Seda uses the cost method to account for its treasury stock transactions. What accounts and amounts should Seda credit in Year 9 to record the issuance of the 3,000 shares
Answer: Please see answer in explanation column
Explanation:
Using the cost method, treasury stock is credited for cost of the shares when it is reissued, while Cash is debited for amount received. Also, additional paid-in capital from treasury stock will be credited to show the difference.
journal entry to record the issuance of 3000 shares in year 9
Date Account Debit Credit
Year 9 Cash (3,000x $50) $150,000
Treasury stock (3,000x$36) $108,000
Additional paid-in capital- treasury stock $42,000
( $150,000 - 108,000)
Which is generally true in countries where central banks are relatively independent from their governments
Answer:
The correct answer will be "Empirical evidence".
Explanation:
Empirical evidence suggests that there are already higher interest rates although weaker terms of trade in economies where financial institutions are largely popular with their authorities than those in markets whereby commercial banks become tightly linked to sovereign government agencies.It is indeed a source for information that is gained through experience as well as observation.Licensing agreements offer limited market control since the licensee typically does not become involved in the licensor's marketing program.A. TrueB. False
Answer:
Licensing agreements offer limited market control since the licensee typically does not become involved in the licensor's marketing program.
False
Under licensing agreement, the licensee gets involved in the licensor's marketing program. The licensee gets the right to use the brand name, patented technology, and any other product of the licensor. Therefore, the statement is false.
What is Licensing Agreement?Licensing Agreement is the process of signing a contract between the licensor and the licensee under which the licensee gets the rights to use the manufactured products and also the other patented products of the licensor.
The licensee gets involved in the marketing program of the licensor, and therefore the statement is false.
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Under the Bretton Woods system, all currencies of member states were fully convertible to gold or silver. the U.S. dollar was the only currency that was fully convertible to gold; other currencies were not directly convertible to gold. all currencies of member states were fully convertible to gold. none of the options
Answer: the U.S. dollar was the only currency that was fully convertible to gold; other currencies were not directly convertible to gold
Explanation:
The Bretton Woods system was a system that was based on dollar, being used as a standard for other currencies from other parts of the world which in turn was pegged to the good price.
Under this system, the U.S. dollar was the only currency that was fully convertible to gold; other currencies were not directly convertible to gold.
Parent Co. owns 90% of the 10,000 outstanding shares of Subsidiary Co.'s common stock on December 31, year 1. On that date, the stockholders' equity of Subsidiary was $150,000, consisting of $100,000 of no-par common stock and $50,000 of retained earnings. On January 2, year 2, Subsidiary issued 2,000 previously unissued shares for $24,000 to various outside investors. As a consequence of this transaction, Parent's ownership share was reduced to 75%. Which of the following correctly reports this transaction?
a. Parent's investment in Subsidiary is reduced by $4,500.
b. Parent's investment in Subsidiary is increased by $3,000.
c. The consolidated income statement reports a loss of $7,500.
d. The consolidated income statement reports a gain of $4,000.
Answer:
a) Parent's investment in the Subsidiary is reduced by $4,500.
Explanation:
The computation is shown below:
The balance in investment prior to the sale of securities is
= $150,000 × 90%
= $135,000
Now The balance in investment after to the sale of securities is
= (($150,000 + 24,000) × 75%)
= $130,500
Therefore Decrease in investment in Subsidiary is
= $135,000 - $130,500
= $4,500
Hence, the correct option is A.
The study of authentic leadership has gained considerable momentum in the last decade because of the belief that enhancing self-awareness can help people in organizations find more meaning and connection at work. Group of answer choices
Answer:
TRUE.
Explanation:
Self-awareness is a characteristic that allows the person to know himself and evaluate himself according to his knowledge, thoughts, skills and goals in life.
In the work environment, self-awareness will be an additional determinant as a skill of intelligence and emotional control. More self-conscious managers will have a more accurate perception of themselves and others, making it possible to be more assertive and more compassionate, which consequently assists in the creation of an organizational culture focused on mutual help, efficient communication and the spread of ethical values , which positively impacts the perception of work, motivation and engagement of all employees.
________ is a search engine for blogs allows users to easily identify blogs that contain specific key words or phrases that correspond to a brand name, person or issue.
Answer:
The correct response will be "Google Alerts".
Explanation:
Google Alert seems to be an automatic search engine tool that can assist individuals and companies in monitoring the internet for trends and events that can influence them.It is indeed a functionality transition identification as well as notify platform, made available either by google search results corporation, which immediately collects information because once new satisfied from headlines, public internet, the video compares a set of experimental various forms provided by the user but instead processed by the Google Alerts facility.Recently the top management of Lucky cement decided to start a new business in completely new market with new product lines i.E. Lucky One Mall. Identify the corporate level strategy used by the firm. Justify your answer.
Answer:
Diversification
Explanation:
Corporate level strategy is a decision made by the top management of a firm with the aim of seeking new business methods to expand an already existing business. Diversification is a corporate level strategy in which an organization ventures into a completely new market with new product lines. The diversification could be related to the existing products the company operates (concentric diversification) or to an unrelated market(conglomerate diversification).
When Lucky Cement decided to start a new business in completely new lines, they have just embarked on diversification. The diversification might also be to just one product or different products.