Out of the choices provided above, the accounts that would be classified as the assets on the chart of accounts, include cash, prepaid insurance, and equipment. Therefore, the option B holds true.
The assets can be easily classified as the aspects or elements of a business that are owned, and do not carry any charge against their names. The assets are always under the ownership of the company, irrespective of their possession. For example, cash and prepaid insurance have a direct right of ownership for the company, and thus, are to be classified as the assets on the charts of accounts.
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dan and virginia were refinancing their home. their loan amount was $235,000, the appraised value was $290,000, their interest rate was 4.125%, and their lender charged them a flat commitment fee of $1,200. when their refinance fell through, they still owed the lender .
Refinancing a loan is the process of taking out a new loan to settle one or more outstanding loans.
What refinance means?In order to pay off one or more outstanding loans, a new loan is obtained through a procedure known as loan refinancing. Refinancing is typically done by borrowers in order to get better terms or to lessen their monthly payments altogether.
A reduced annual percentage rate (APR) and cheaper monthly payments are advantages of refinancing your mortgage. a quicker payback period. cashing out your equity for other purposes. Anyone who makes money accessible to a person or company with the intention that they would pay them back is referred to as a lender. This can be an individual, a public or private organization, or a financial institution. Any interest or fees are also included in the repayment.
As creditors, lenders are included. Peer-to-peer (P2P) lending, credit unions, and banks are typical examples.
Therefore, the answer is $1,200.
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You’ve created a new path exploration in Explore to gain insight into the top pages that new users open after opening your home page. You’re interested in sharing your findings with your colleague.
By default, who can see the exploration you just created? O Anyone in your property can access it in read-only mode.
O Only you can see it, but you can share it with the other users of the property for them to make edits.
O Anyone in your property can access it and make edits.
O Only you can see it, but you can share it with the other users of the property in read-only mode.
Only you can see it, but you can share it with the other users of the property so they to make edits is the correct option in the given case.
Hence, option B is correct
To do better at what we are doing, the entire exploitation process necessitates our undivided attention. It is the starting point of productivity and efficiency. Through exploration, we can leave the reality on which we are currently focused to explore other realities and discover new horizons. It is the source of invention. induced by a group of data analysts using advanced statistical software, such as R, and visual analysis tools. Data exploration can combine manual techniques with automated tools like data visualization, charts, and draft reports. Total Reads: 3544 since posted in Marketing and Strategy Terms. Simply put, the definition of the word "exploration" is "an activity, an instance of exploring, or finding something new that has not yet been discovered."
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paragraph 7h of the contract indicates that who should review and decide on the company to use as the residential service company?
The buyer should make a company review and decision to use it as a residential service company.
In that case, paragraph 7h of the contract is indicating that the buyer is responsible for reviewing and deciding on the company to use as the residential service company.
This means that the buyer will have to research and evaluate different companies that provide residential services and choose one that meets their specific needs and preferences.
It's important to note that the buyer should do the company review and decision based on their own research and evaluation, and not rely on the suggestions or recommendations of the seller or real estate agent. The buyer should also be sure to fully understand the terms of the contract and any legal obligations or responsibilities before making a decision on a residential service company.
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as a project manager impacting an organization, you want to effectively manage the project. which of the following would a project manager do to effectively manage the project? select all that apply. Change the project end goal to meet the needs of project tasks. Frequently communicate the large project goal to the team. Understand the impact of each process within the project.
The following would a project manager do to effectively manage the project Change the project end goal to meet the needs of project tasks.
What actions must a project manager take to effectively manage a project?Encourage effective and clear communication.
Set specific objectives for your project.
To track progress, pick the appropriate tools and apply them.
Work with a versatile team whose talents complement one another.
As much as you can, keep the members of your project team inspired.
What essential components must a project manager oversee continuously during a project?Resources.
Time.\money.
Scope.
What elements must be in place for the project to be properly managed?Identify project specifics.
Get your group ready.
Create reasonable expectations.
Adopt the responsibilities of a project leader.
Use time management techniques.
Keep the channels of communication open.
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Which of the following factors impact a business executive's credibility? A. Competence B. Being caring. C. Character D. Salary.
A business executive's credibility can be impacted by a variety of factors, including A. Competence, C. Character, and D. Salary. Being caring is not a common factor that is considered to impact an executive's credibility.
A business executive's credibility is determined by a variety of factors, including their level of competence and expertise in their field, their ability to make sound decisions and lead effectively, their integrity and honesty, and their ability to communicate effectively and build trust with stakeholders. Other factors that can impact an executive's credibility include their tenure and track record within the organization, their ability to adapt to changing circumstances and stay current with industry trends, and their reputation and standing within the broader business community.
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5. Which of the following statements best describes the break-even point?
O The break even point occurs when the profits from the sale of a product are equal to the cost of making the product.
O The break-even point occurs when the profits from the sale of a product are more than the cost of making the product
O The break-even point occurs when the profits from the sale of a product are less than the cost of making the product
O The break even point occurs when the profits are donated
When a product's profits from sales equal its manufacturing costs, this is known as the break-even point.
What is break-even point?The break-even point is the point at which total costs and total revenues are equal, or "even," in economics, business, and specifically cost accounting. Even if opportunity costs were paid and capital received the expected return after adjusting for risk, there is no net loss or gain, and one has "broken even." The break-even point, for instance, is the point at which total cost and total revenue are equal in the realm of banking and economics. The amount of units or income required to cover all costs is determined using the BEP analysis. Fixed and variable costs make up the overall cost in this case.To learn more about break-even point refer to:
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The estimated Life Cycle Cost of the PIGEON system is $650 million....
The estimated Life Cycle Cost of the PIGEON system is $650 million. If the total cost for operating and supporting this system is $490 million, and there are no disposal costs, which one of the following statements is true?
A) Development Cost is $60 million
B) Total Ownership Cost is $620 million
C) Program Acquisition Cost is $160 million
D) Procurement Cost is $160 million
If there are no disposal costs in $650 million PIGEON system, then the program acquisition cost will be $160 million, which means option C is the right answer.
The life cycle cost is given as $650 million and the total operating and supporting cost is $490 million, which means the difference of both would be equal to acquisition cost (650-490 = 160). Acquisition cost refers to the amount paid for acquiring a new customer or business asset. The operating and supporting cost refers to the expenses made on the previous system for sustaining daily operation with efficacy. It includes inventory cost and and equipment insurance. The life cycle cost contains all the costs related to the system functioning, repairs and acquisition - disposal of assets.
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Joint sustainers should include both CSA inputs and commercial industry considerations into planning efforts early to identify any gaps, seams, or shortfalls.T/F?
The given statement " Joint sustainers should include both CSA inputs and commercial industry considerations into planning efforts early to identify any gaps, seams, or shortfalls." The followinfollowing given statement is True.
Joint sustainers should include both CSA (Civil-Military Cooperation and Support Activities) inputs and commercial industry considerations into planning efforts early to identify any gaps, seams, or shortfalls. This is because CSA inputs provide the military perspective on the situation and industry considerations provide the commercial perspective. By considering both perspectives, joint sustainers can ensure that their planning efforts are comprehensive and take into account all potential challenges and opportunities.
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analysts expect jenus corp. to pay shareholders $3.50 per share forever. given a discount rate of , the fair price has been estimated as $52 today. fill in the blank. group of answer choices 9.37% 13.46% 6.73% 8.05%
Analysts expect jenus corp. to pay shareholders $3.50 per share forever. given a discount rate of $0.031, the fair price has been estimated as $52 today.
What is discount rate?
In a discounted cash flow (DCF) analysis, the discount rate is the interest rate used to evaluate the present value of future cash flows. This helps determine whether the future cash flows from a project or investment are worth more than the capital outlay required to fund the project or investment now.
Calculation to determine the value of the stock today
First step is to calculate the PVP
PVP = 3.50 / .9.37
PVP= 0.373
Second step is to calculate the PV
PV = 0.373 / 13.46
PV= 0.027
Third step is to calculate the PVA
PVA = 0.027/6.37
PVA= 0.004
Now let calculate the value of the stock today
Using this formula
Price = PV + PVA
Let plug in the formula
Price = 0.027 + 0.004
Price = 0.031
Thus, the value of the stock today is $0.031
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if a customer owns 7% of a publicly traded company's stock, and his spouse owns 6% and wants to sell her shares, which of the following statements is true?
The B statement is True. The spouse is an affiliate and Rule 144 applies and The customer and his spouse combined own a total of 13% of the publicly traded company's stock.
It should be noted that, depending on the laws and regulations of the country the company is operating in, the customer and his spouse may have to disclose the sale of shares to the relevant authorities and the sale may also have an impact on the company's stock price. The spouse is an affiliate and Rule 144 applies. Together, the client and wife own 13% of the organization's stock, so the mate is viewed as a member and is limited by Rule 144. On the off chance that there is a 10% or more proprietorship interest among individuals from a close family, then, at that point, all individuals are viewed as control people (subsidiaries) likely to Rule 144. The customer and his spouse combined own a total of 13% of the publicly traded company's stock.
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Complete Question -
If a customer owns 7% of a publicly traded company's stock and his spouse owns 6% and wants to sell her shares, which of the following statements is TRUE?
A)The spouse is not an affiliate and Rule 144 does not apply.
B)The spouse is an affiliate and Rule 144 applies.
C)The spouse is an affiliate and Rule 144 does not apply.
D)The spouse is not an affiliate and Rule 144 applies.
the term used to describe business-critical information on customers, products and services, vendors, locations, employees, and other things needed for operations and business transactions.
the phrase used to describe essential information for business, including details on employees, customers, vendors, and other parties.
What does "critical situation" mean?
VERY SERIOUS BUSINESS PROBLEMS AND CONCERNS THAT ARE URGENTE, THREATENING, OR ANNOYING ARE DEFINED AS CRITICAL SITUATIONS. They are time-consuming, frequently annoying, and, if passed, likely to have an effect on the future. Critical Situations, in other words, have the power to completely alter the course of events. In either case.
Important, negative, widespread effects on people and their way of life, living things, and/or Earth's resources and ecosystems must be immediately addressed in order to reduce critical challenges, which are Earth processes influenced by human activity and nature.
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Which of the following statements about the importance of each competitive factor in
determining company sales volumes and market shares in a particular geographic region is
false?
A. When a company's competitive effort on each of the relevant competitive factors in the wholesale or internet market segments for branded footwear approximates the all-company averages in a region, then its resulting unit sales volume/market share in those two segments will also approximate the region's all-company sales/market share averages.
B. As the spread between the company with the region's strongest competitive effort on a given competitive factor and the company with the region's weakest competitive effort becomes greater and greater, the stronger is the resulting impact of that competitive factor on the pairs sold/market share outcomes of the various companies.
C. Tiny cross-company differences in competitive effort on a highly influential competitive factor (like S/Q ratings, the number of models/styles offered, and selling prices) nearly always have a bigger impact on company sales/market share outcomes in a region than do large differences on less influential competitive factors.
D. Big S/Q rating differences, big average wholesale price differences, and big differences in the number of models/styles offered in a region weigh heavily in accounting for company-to- company differences in branded pairs sold and market share in all four regions.
E. The closer to the all-company regional average is a company's price or S/Q rating or brand réputation or number of models (and so on) the smaller is the weighting/impact of that factor in accounting for why that company's regional unit sales/market share is above/below the region's all-company unit sales/market share averages
As spread between company with region's strongest competitive effort on given competitive factor with region's weakest competitive effort becomes greater and greater is false about importance of competitive factor.
What are competitive factors?Competitive aspects describe how companies that provide comparable goods or services affect one another. Companies may conduct a pricing war to win clients and expand their market. A pricing war results when businesses fight for customers by lowering their prices below those of their rivals. Customers may benefit from a price conflict by being able to purchase the goods and services they need for less money. Prices can fall during a pricing war to the point that none of the contending businesses can sell the goods for a significant profit. Competing businesses frequently attempt to undercut successful products once they are released by manufacturing cheaper alternatives rapidly.
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Which of the following appear(s) on the balance sheet? Multiple select question. O Accounts receivable O Utilities payable O Common stock O Salaries expense O Net income
Salaries payable/net income is a different account (liability) that exhibits on the balance sheet. Utilities payable; accounts receivable; common stock; salaries expense appears on the income statement as expense.
A balance sheet is a financial statement that accounts for a company's assets, liabilities, and shareholder equity. The balance sheet is one of the three essential financial statements that are employed to consider a business. It furnishes a snapshot of a company's finances (what it owns and owes) as of the date of publication. The balance sheet adheres to an equation that correlates assets with the aggregate of liabilities and shareholder equity. Fundamental analysts operate balance sheets to calculate financial percentages.
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match the following terms from the equation to find the order size in a fixed-interval model with their meaning.
Economic order quantity is a measure that depicts the appropriate order amount to keep expenses down for the company.
What is Standard Deviation?Your dataset's average level of variability is represented by the standard deviation. It reveals, on average, how far away from the mean each value is. A low standard deviation denotes that values are grouped close to the mean, whereas a large standard deviation shows that values are often far from the mean. The standard deviation calculates how much the data vary from the mean value. It is helpful for contrasting data sets that might have the same mean but a different range. The mean of the following two numbers, for instance, is the same: 15, 15, 15, 14, 16 and 2, 7, 14, 22, 30. But the second is obviously more dispersed.Economic order quantity is a measure that depicts the appropriate order amount to keep expenses down for the company. Businesses of all sizes and types that order and retain inventory can benefit from using the economic order quantity formula.Q: Order quantity
Dbar: average demand
OI: Order Interval
LT: Lead time
(OI+LT): expected demand during protection interval
Od: Standard Deviation
A: Amount on hand at reorder time
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Because information is now so readily accessible to everyone, companies are starting to focus more on the profit margin of each product, and less on the purchasing behavior of individual customers, regardless of how much a person might spend on other products.Select one:TrueFalse
False, Due to the ease of access to information, businesses are beginning to place greater emphasis on the profit margin of each product rather than how much a customer may spend on other items.
Any good or service you offer to satisfy a customer's need or desire is a product. There are both real and virtual ones. Durable things (such as automobiles, furniture, and computers) and nondurable items are examples of physical products (like food and beverages). A circumstance or process has a major impact on someone or something's development when it is said that they are a product of that situation or process. A product is anything that may be supplied to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand.
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When looking at these types of projects, one must consider any cash flows that arise from
surrendering old equipment before the end of its useful life.
A.incremental
B.replacement
C.cost cutting
D.new
When looking at these types of projects one must consider replacement cash flows that arise from surrendering old equipment before the end of its useful life
A capital budgeting decision version called the replacement chain technique evaluates two or more capital plans with different lives which are mutually incompatible. The replacement chain method considers the anticipated cash flows of alternative plans as well as their various life lengths. This makes comparing the proposals simpler. The process entails counting the years of cash flow for each project and developing alternative chains, or iterations, to make up for the shorter-lived project's shortfalls.
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For tax year 2019 you can contribute to a Roth IRA if you have taxable compensation, your filing status is HOH and your modified AGI is less than: Choose one answer. a. $137,000 b. None of the above c. $193,000 d. $203,000
For the tax year 2019, you can contribute to a Roth IRA if you have taxable compensation, your filing status is HOH and your modified AGI is less than d. $203,000.
The Roth IRA contribution limits for 2019 are determined based on the filing status and modified adjusted gross income (MAGI) of the taxpayer. For single filers and those filing as head of household with a MAGI of less than $137,000, the contribution limit is $6,000.
For those with a MAGI of between $137,000 and $203,000, the contribution limit is reduced. For those with a MAGI of greater than $203,000, the contribution limit is not allowed. Therefore, for a single filer or someone filing as head of household with a MAGI of less than $203,000, the contribution limit for 2019 is $6,000.
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Imagine that you are turf consultant and are being asked to recommend the best turfgrass type for a new high school football field in Phoenix. Which of the following Southwest turfgrass types would be your best recommendation?
Tifway 419 would be my best recommendation regarding the best turfgrass type for a new high school football field in Phoenix.
Combining Durability with beauty, Tifway 419 has been the most popular sports turfgrass for the last 40 times. Its thick, fleetly spreading growth habit means quick recovery from injury, making it one of the most durable mongrel Bermudas. Tifway 419 tolerates close mowing and is largely complaint resistant. For use on fairways, roughs, sports fields, and marketable and domestic meadows. Tifway is a mongrel bermudagrass cross of Cynodon dactylon xC. transvaalensis germplasma. It's characterized as having a dark green color with medium fine textured leaves. Tifway mongrel bermudagrass is thick with a medium to low growth habit. This variety is a vigorous farmer and therefore establishes snappily at planting. Tifway will survive famines with minimum water vacuity. Tifway's thick growth, when duly maintained, efficiently competes with the presence of numerous turf weeds. Tifway fluently tolerates broadcast operation of picky dressings.
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ruritania's economy is depicted below, with the long run aggregate supply curve (lras), three short run aggregate supply curves (as1, as2, and as3) and three aggregate demand curves (ad1, ad2, and ad3). right now, ruritania is at point a, with real gdp of 7 trillion krone and a price level of 100. answer the questions based on the information in the graph.
In a model of aggregate demand and supply, part of the effect occurs when the tax is reduced.
The aggregate supply/demand model shows how total supply and total demand interact on a macroeconomic level as well as the variables that affect either total supply or total demand in the economy. Aggregate supply, often known as real GDP, refers to the entire amount of goods that firms will create and sell. The aggregate supply curve will move to the left over time.
At the point where the new aggregate demand curve crosses the initial short-run aggregate supply curve, to the left of the long-run aggregate supply curve. The curve of total demand will turn right. When, in the absence of a tax cut, the initial short-run aggregate supply curve crosses the aggregate demand curve.
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Sally and Fred are two single people buying a home together. The lender is threatening to deny them a loan because he does not like their lifestyle. If the lender does that, it will be a violation of the:
The lender is threatening to deny them a loan because he does not like their lifestyle. If the lender does that, it will be a violation of the ECOA.
What is ECOA?The Equal Credit Opportunity Act (ECOA), enacted on October 28, 1974, is a federal law (codified at 15 U.S.C. 1691 et seq.) that prohibits creditors from treating applicants unfairly with regard to any aspect of a credit transaction based on their race, colour, religion, national origin, sex, marital status, or age (as long as they are of legal age); their use of a public assistance programme to receive all or part of the Anyone who routinely participates in a credit decision in the course of their business, including banks, retailers, bankcard providers, financial institutions, and credit unions, is subject to the law.
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a. the difference between what a person is willing to pay for a good and what the person actually pays
Consumer surplus is the gap between what customers are prepared to pay and what they actually pay for a good. The marginal benefit of each unit of consumption for a consumer is also represented by each price along a demand curve.
What is the difference between a person's willingness to pay and his actual payment for a certain item?The difference between what a consumer is willing to pay and what they actually pay for a commodity or service is known as the consumer surplus. Consumer surplus and producer surplus are two related concepts that are referred to as economic surplus.
The price gap between what customers are prepared to pay and what they actually pay for a commodity is known as the consumer surplus. The marginal advantage that the customer receives from each unit of consumption is also represented by each price along a demand curve.
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a recently issued fasb standard requires that companies recognize revenue when goods or services are to customers for the amount the company expects to be entitled to receive in exchange for those goods or services. (enter only one word.)
The FASB introduced the new revenue recognition rule in 2014 as phase of an effort to standardize accounting remedies and continue to converge U.S. Generally Accepted Accounting Principles (GAAP) with International Financial Reporting Standards (IFRS).
Why did the FASB trouble a new popular on revenue recognition?The objective of the new practise is to establish principles to document useful facts to users of monetary statements about the nature, amount, timing, and uncertainty of income from contracts with customers. The new guidance: Removes inconsistencies and weaknesses in present revenue requirements.
The new instruction establishes the concepts to document useful information to users of economic statements about the nature, timing, and uncertainty of revenue from contracts with customers. To that end, the new guidance: Removes inconsistencies and weaknesses in current income requirements.
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https://brainly.com/question/25686382#SPJ4which of the following is a specific responsibility of the supported commander, with regard to their unit's cargo, equipment, and personnel
One specific responsibility of the supported commander, with regard to their unit's cargo, equipment, and personnel, is to ensure the safety and security of the unit's cargo, equipment, and personnel while in transit and during off-loading.
The supported commander is responsible for providing guidance and direction to the unit's personnel and cargo, equipment, and personnel while in transit and during off-loading. This includes ensuring that the cargo, equipment, and personnel are properly loaded and secured for transport, and that appropriate safety and security measures are in place to protect the unit's assets during transit.
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Nothing about the account changes, even if you switch jobs
Traditional & Roth IRA
Eligibility may be affected by how long you work with a given company
Pension, Traditional 401(k), & 403(b)
All employers offer this type of account
None
Traditional & Roth IRA, Traditional & Roth IRAs remain unchanged, even if you move employment. If you contribute to a Roth IRA after taxes, your money will grow tax-free.
After turning 5912, you may often remove funds from a Roth IRA without incurring taxes or penalties. With a Traditional IRA, you can make contributions with either pre- or post-tax money. Your money grows tax-deferred, and after age 5912, withdrawals are subject to current income tax. An Individual Retirement Account (IRA) that accepts after-tax contributions is known as a Roth IRA. However, your contributions and profits can grow tax-free, and you can withdraw them tax and penalty-free after reaching the age of 5912 and after the account has been open for five years, even though there are no benefits for the current tax year. A typical IRA is a tax-advantaged option to save for retirement. Traditional IRA funds are often not taxed until you withdraw money from the account.
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which of the following communication methods is used to communicate an approved change request to team members? one-to-one discussion presentation project team meeting status report
An email to team members regarding description of change is used to communicate an approved change.
The importance of communicationBy enabling us to connect with people and share our needs and experiences, communication supports relationship building in daily life. The ability to communicate our thoughts, share information, and express our emotions is at the core of existence.
What do communication abilities entail?Speaking, listening, observing, and empathizing are all essential communication skills. Understanding the variations in communication styles for in-person contacts, phone calls, and digital communications like email and social media is also useful.
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Answer:
Project team meeting.
Explanation:
Got it right on the test.
When a company receives cash in advance from customers for services to be performed in the future, the transaction affects the blank ______ account.
When a company receives cash in advance from customers for services to be performed in the future, the transaction affects the blank deferred revenue account.
When a business is paid in advance for a service that will be rendered later on, it?Terms in this group (34) refer to assets or rights that benefit a business after the current month has ended. A corporation should debit (make a left entry) more money from the cash account if it gets payment in advance for future services to be rendered.
What occurs when a customer gives a business cash in advance?The business receives cash from consumers who pay in advance, increasing its assets and liabilities at the same time (the liability account is called unearned revenues). As a result, both assets and liabilities grow by the same amount.
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four corners is an ibc company that sells delicious navajo tacos in the crossroads food court. part of their success can be attributed to the freshly fried indian bread that is used not only for the tacos, but also for dessert items. as demand grows the fry-bread process is becoming a bottleneck. operations management for the company is looking at two different process options to replace the highly manual process currently being used. option 1 (medium automation) would cost $200 to implement whereas option 2 (high automation) would cost $385. with option 1 the variable cost per fry bread produced would be $0.19. the variable cost for option 2 would be $0.11 per fry bread.
Option 2 is correct answer where the lower variable costs more than offset its higher initial cost.
What does "variable cost" mean?
A particular type of business expense called a variable cost depends on how much a company makes or sells. For manufacturing companies, variable costs include raw material and packaging costs, while credit card processing fees and shipping expenses for retail businesses change based on sales. Depending on a company's output or sales volume, variable costs rise or fall; they rise with increasing output and fall with decreasing output.
Fixed costs, in contrast to variable costs, are constant regardless of production or sales volume.
Variable costs must be taken into account when calculating a product's contribution margin because they have a significant impact.
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Refer to Exhibit 23-2. A profit-maximizing single-price monopolist will set the price of its product at
a. $23.50.
b. $12.00.
c. $29.00.
d. $18.50.
The profit-maximizing single-price monopolist will set the price at the point where marginal revenue equals marginal cost, which in this case is $29.00.
What is monopolist?A monopolist is an entity that has exclusive control over the supply of a certain product or service, meaning that it is the sole provider of that product or service within a market. A monopolist is able to set the price of a product or service and is not subject to competitive pressures from other providers. This allows monopolists to generate higher profits than would be possible in a competitive market. Monopolies are generally considered to be anti-competitive and are illegal in many countries.
At this price, the monopolist will be able to maximize its profits by producing the quantity where the demand curve intersects the marginal cost curve.
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The purpose of financial accounting is to provide information primarily for which of the following groups?
a. investors and owner
b. creditors And owner
c. investors and creditors
d. Manager and creditors
The purpose of financial accounting is to provide information primarily for investors and creditors.
What is mean by financial accounting?Financial accounting is a subset of accounting that involves the process of recording, summarising, and reporting a plethora of transactions resulting from business operations over time.
Financial statements present the five major classifications of financial data: revenues, expenses, assets, liabilities, & equity. The income statement accounts for and reports revenues and expenses. They can include everything from research and development to payroll.
These transactions are summarised in the preparation of financial statements, which include the balance sheet, income statement, and cash flow statement, and which record the company's operating performance over a given period.
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according to the united states department of transportation (dot), there were 1.05 billion systemwide (domestic and international) scheduled service passengers in 2019. since the 9/11 hijackings, security screening has become more intensive, and consequently, the procedure takes longer than in the past. say that, on average, each air passenger spends an extra thirty minutes in the airport per trip. economists commonly place a value on time to convert an opportunity cost in time into a monetary figure. because many air travelers are relatively high-paid businesspeople, conservative estimates set the average price of time for air travelers at $20 per hour. the opportunity cost of delays in airports per year for the united states is [a] billion (please put your answer in numerical values without any dollar sign, comma. round up your answer to 1 decimal place)
The correct answer the opportunity cost of delays in airports per year for the United Sates is 10.5 billion.
10.5 Billion (passengers) × 0.5 hours × $20/hour = 10.5 billion.
The opportunity cost of a particular activity is the value or benefit lost as a result of engaging in that activity as opposed to engaging in a substitute activity. More precisely, it means that if you pick for one activity, you forfeit the chance to choose a different one. The best activity is the one that offers the highest return among all other activities once opportunity costs are subtracted from the return. Opportunity cost is a well-known concept: postponing investment in an optimization may have indirect costs as a result of failing to seize an opportunity as soon as it arises.
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