Answer: If you have ever taken out a payday loan, you may have experienced a situation where your living expenses temporarily exceeded your assets. You need enough money to cover your expenses until you get your next paycheck. Once you receive that paycheck, you can repay the lender the amount you borrowed, plus a little extra for the lender’s assistance.
There is an ebb and flow to business that can sometimes produce this same situation, where business expenses temporarily exceed revenues. Even if a company finds itself in this situation, bills still need to be paid. The company may consider a short-term note payable to cover the difference.
A short-term note payable is a debt created and due within a company’s operating period (less than a year). Some key characteristics of this written promise to pay (see (Figure)) include an established date for repayment, a specific payable amount, interest terms, and the possibility of debt resale to another party. A short-term note is classified as a current liability because it is wholly honored within a company’s operating period. This payable account would appear on the balance sheet under Current Liabilities.
Short-Term Promissory Note. A promissory note includes terms of repayment, such as the date and interest rate.
Explanation:
what is business? for a boss?
why will the coefficient for the price elasticity of demand always be a negative number?
The coefficient for the price elasticity of demand is normally negative because the demand curve is downward sloping.
Price elasticity of demand:
Shows how quantity demanded changes as a result of a change in price Is calculated by dividing the change in quantity demanded by the change in priceFor normal goods, an increase in price leads to a decrease in quantity demanded. This is why the demand curve is downward sloping. If price goes up, quantity demanded will go down.
This change in quantity demanded will be shown as a negative number which means that when it is divided by the change in price, the price elasticity coefficient will be negative.
In conclusion, the price elasticity coefficient is usually negative because the demand is negative when prices increase.
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the contribution margin income statement allows users to easily judge the impact of a change in ______ on profit.
The blank space has been correctly filled below:
The contribution margin income statement allows users to easily judge the impact of a change in selling price, cost, or volume on profit.The contribution margin income statement is an evaluation of a former sales period. Entrepreneurs use this procedure to determine whether they made a profit or loss during the period.
After their evaluation, they realize the operating income or net income. The contribution margin is generated using this formula,
Net product revenue - Total variable cost ÷ product revenue.
A proper understanding of the fixed and variable costs is essential to accurately calculate the contribution margin.
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An accountant passed the closing entries of the expenses and then closed all the expense accounts by crediting them. Which account should she debit to complete the dual aspect of the journal entry?
A.
income account
B.
income summary account
C.
revenue account
D.
purchase account
E.
equity account
Answer: Income Account
Explanation:
Also referred and Income Statement.
Answer:
Income summary account
Explanation:
what is enterprenuship
Answer:
Entrepreneurship is the creation or extraction of value.
Explanation:
generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.
Answer:
the activity of setting up a business or businesses, taking on financial risks in the hope of profit.
which government branch creates the federal tax law
The answer is Congress :)
The government branch that create the federal tax law is : Congress.
What is a congress?Congress refers to the legislative arm of the federal government that represents the American people and also make the nation's laws. Congress shares power with the executive branch, led by the president, and the judicial branch.
A congress would have the following:
Very strong powers, which will enable it to execute its policies without hindrances.A good representation and understanding of the general opinion to be able to execulte the policies that people will actually want.A good understanding of the effects and consequences of the policies it executesHence, the government branch that create the federal tax law is Congress.
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Advertising plans include: (select 3 that apply)
HELP ASAPSelect 3 correct answer(s)
developing a marketing strategy
evaluating the results of the advertising
determining the target market
setting an advertising budget
o discrediting the competition
Advertising plans include defining the target market, setting an advertising budget, and evaluating advertising results.
An advertising plan can be defined as a strategy used by companies to:
attract and retain consumers.For this, it is necessary for the organization to define its target market, the necessary budget and the communication channels where its advertising will be shown.
It is also essential to monitor and evaluate advertising results to understand how advertising has impacted audiences and achieved expected results.
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Answer:B,C,D
Explanation:
when the supreme court judges vote unanimously on a case, this usually indicates a _____ model of decision-making.
what are the four invoices used in foreign trade?
Explanation:
airway bill.
hope it helpful for you
how does selling shares on the stock exchange benefit companies?
Answer:
to raise revenues
Explanation:
hope i helped
A small software company interviewed candidates for two open positions as quality assurance technicians. The final two selected are equally qualified; a young woman and a fifty year old man. In order to cut employee expenses, the IT manager offered the job to the older man at a salary $15,000 lower than the salary offered to the young woman. This violates the 1963 Equal Pay Act. Which entity is charged with enforcing the Equal Pay Act of 1963 if it is notified
Considering the scenario described in the question above, the entity that is charged with enforcing the Equal Pay Act of 1963, if notified, is "The Equal Employment Opportunity Commission (EEOC)."
The EEOC is the federal agency or entity responsible for enforcing this type of employment discrimination law.
According to the Equal Pay Act of 1963, it is a violation against candidates or citizens for companies to discriminate on wages or salary due to gender.
Hence, in this case, it is concluded that the right agency to call upon is the "The Equal Employment Opportunity Commission (EEOC)."
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Zara has developed the practice of delivering less merchandise to its stores on a more frequent basis. This quick response system is called a(n) Multiple Choice just-in-time inventory system. consignment system. vertical marketing system. indirect marketing channel. conventional marketing channel.
Answer:
Zara uses a just-in-time inventory system which is an inventory management system that delivers less merchandise on a more frequent basis than traditional inventory systems. As the case indicated, over time some stores had stockouts of popular merchandise while other stores were overstocked with the same item.
On December 15, 2021, Rigsby Sales Co. sold a tract of land that cost $4,000,000 for $5,000,000. Rigsby appropriately uses the installment sales method of accounting for this transaction. Terms called for a down payment of $490,000 with the balance in two equal annual installments payable on December 15, 2022, and December 15, 2023. Ignore interest charges. Rigsby has a December 31 year-end. In 2021, Rigsby would recognize realized gross profit of:
a. $1,400,000.
b. $126,000.
c. $450,000.
d. $0.
terin, the chief human resources officer for a major financial services company, has met with each of her employees to set their objectives. now, terin expects the employees to:
Given that Terin's employees have set their objectives in the company, the next thing that Terin expects from these employees would be to develop action plans.
Option D is the correct answer to this question. The action plans are sets of strategies that the employees have laid out that would help them to achieve their goals and objectives.
In order to do this, they have to make up lists of the things that they want to achieve in the firm and also list the strategies that they would employee to achieve them.
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What is missing from this goal that is preventing it from being a SMART goal?
Goal: I want to be successful right after high school by getting a job.
This goal is NOT
O Specific
0 Measurable
O Attainable
O Relevant
O Timely
Growing a business often results in growing your
Answer:
Product line. As a company grows, it is often important to increase the products you offer, or else your company will become stuck in a vicious cycle of stagnancy.
Explanation:
Hope this helps! Have a great day, and spread some positivity!
An example of consumer spending when calculating the GDP using the expenditures approach is _____.
rent
purchase of weapons for the military
purchase of software
none of the above
purchase of weapons for the military
the ________ model assumes managers will make logical decisions that are the optimal means of furthering the organization’s best interests.
Considering the definition above, the model that assumes managers will make logical decisions in the firm's best interest is the Classical Model.
This is because the Classical Model, otherwise known as the rational model of decision making, is a type of decision-making model that assumes managers will make logical decisions that are the optimal means of furthering the organization’s best interests.
The classical model of decision usually involves four major steps, which are:
Identifying the problem or opportunityComing up with alternative solutionsAssessing options & select a solutionExecuting and assessing the impact of the solution carried out.Hence, in this case, it is concluded that the correct answer to the question is the Classical Model of decision making.
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Creating and providing improved working conditions has created a number of emerging careers.
True or false
Answer:
true
Explanation:
because if you improve the way thing look and the way thing work people will find working there amusing.
Manufactured truck parts are part of which industry
A. Eloctronics
B. Chemicals
C.machinery
D.transportation equipment
Answer:
c
Explanation:
Answer:
c
Explanation:
an uber ride is considered a ________ because of its intangible nature.
Answer: Service
Explanation: It is intangible and it is offered to you and performed by someone elese
order these ideologies from those that call for the least amount of government involvement in the economy and society to those that call for the greatest amount of government involvement.
Placing different ideologies from those that support the least amount of government involvement in the economy and society to those that support the greatest amount of government involvement, we have Libertarian, Conservative, followed by Liberal, then finally Socialist.
This is because Libertarian is an ideology that is known for drastic laissez-faire political doctrine. They seek little government interference in every aspect of society.
Conservative is an ideology known for supporting sovereignty over equality. They support capitalism with no government interest in issues relating to business and social welfare policies.
Liberal this an ideology known for advocating for government involvement in education, labor, and social programs. They believe in greater equality of society and are more tolerant of others.
Socialism is an ideology known for supporting the idea of government owning and controlling everything in society, including economic and social issues. They prefer equality over freedom.
Hence, in this case, it is concluded that Libertarian ideology least wants government involvement in the society. At the same time, Socialism is the ideology that mostly wants government involvement in society.
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Supply chain management primarily focuses on two or more stages of the marketing channel under one management.Question 21 options:TrueFalse
The statement "Supply chain management primarily focuses on two or more stages of the marketing channel under one management" is:
FalseSupply chain management is the type of management where there is a sum of all the production processes which are involved in making a raw material into a finished product that is ready for market sale.
The given question actually refers to Vertical Channel Integration because it focuses on two or more marketing channels which operate under one management.
Therefore, the correct answer is False
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the amount of unemployment that the economy normally experiences is known as
Answer:
The natural rate of unemployment.
Suppose your expenses for this term are as follows: tuition: $5,000, room and board (housing and food): $6,500, books and other educational supplies: $1,500. Further, during the term, you can only work part-time and earn $4,000 instead of your full-time salary of $14,000. What is the opportunity cost of going to college this term, assuming that your housing and food expenses would be the same even if you did not go to college
Answer:
so the total expenses would be $13,000
you made $4,000
that would leave us with $9,00
to answer your question, it would be:
$13,000
- $5,000
--------------
$8,000
$8,000
-$4,000
-------------
$4,000 total!
Explanation:
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Which customers are typical for the Agriculture, Food, and Natural Resources career cluster? SELECT FOUR OPTIONS!!!!
A) a power company needing solar panels
B) a local fresh market
C) a business working with trained animals
D) a person buying large quanities of wheat
E) a person learning about geography
F) a family on a camping trip
PLEASE HELP ITS WORTH 50 POINTS!!!!!
Answer:bcde
Explanation: kids cant work so not f and solar panels have nothing to do with the farmers so not a
The customers that are typical for the Agriculture, Food, and Natural Resources career cluster are a local fresh market; a business working with trained animals; a person buying large quantities of wheat and a family on a camping trip. Thus option (B), (C), (D) and (F) are correct.
Who are customers?Customers are individuals or organizations who purchase goods or services from a seller or provider. They are the people or entities who pay for and use the products or services that a business offers.
The relationship between a business and its customers is a crucial aspect of its success, as satisfied customers are more likely to return for future purchases and recommend the business to others.
A local fresh market; a business working with trained animals; a person buying large quantities of wheat and a family on a camping trip are the customers are typical for the Agriculture, Food, and Natural Resources career cluster. Therefore, option (B), (C), (D) and (F) are correct.
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milena, the vice president of human resources, is working on the problem of restructuring the firm’s compensation plan by using the rational model of decision making. in the first step, she identified the problem of pay and incentives not keeping up with market rates. in the second, step she thought of alternative solutions; and, in the third step, she evaluated alternatives and selected a solution. in the fourth and final, step milena needs to:
If Milena is using the rational model of decision making, in the fourth and the final step what she has to do is to implement and evaluate the compensation plan chosen.
The rational decision making model can be described as a multiple way of making decisions whereby a choice has to be picked from different choices.
In this last step he has to be analytical, logical and also objective. The best method that she has chosen has to be implemented here. Also she has to carry out an evaluation of her result here too.
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Many entire vocations in the United States have disappeared in the last few decades. What if the following is a possible explanation for why vocations have entirely disappeared the last few decades?
A possible explanation for the disappearance of vocations in the past decade is advancement in technology.
With advancement in technology, many jobs have become obsolete as they can be performed more efficiently by computers compared with humans. For example, there are some record keeping tasks that people were employed to carry out but with the invention of efficient technology, humans are no longer to perform this functions.
Another job that is been rendered obsolete by technology is the job of a librarian. Most of the job functions carried out by a librarian can now be carried out computers.
Technology rendering jobs obsolete increases the rate of structural unemployment. This unemployment occurs when the skill labour posses are no longer demanded for in the economy.
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Answer:
The low cost of foreign goods could cause manufacturing to be done overseas
a marketing plan is an important tool for communicating details of the marketing functions. what else is the marketing plan used for?
Answer:
to attract customers or other buissness man that might want to invest
A marketing plan is used in order to attract customers or other businessman that might want to invest.
What is a Marketing plan?A marketing plan may be included as part of a larger company plan. A solid marketing strategy is the cornerstone of a well-written marketing plan that will allow goals to be met. While a marketing strategy provides a list of tasks, it is useless to a firm without a solid strategic basis.
A marketing plan is an advertisement strategy that a company will use to sell its product or service. The marketing strategy will assist in determining who the target market is, the best way to contact them, the price point at which the product or service should be marketed, and how the firm will assess its efforts.
Therefore, it can be concluded that a marketing plan is designed to attract clients or other businessmen who may be interested in making investments.
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PLEASE HELP ASAP, I WILL MARK BRAINLIEST
-economics
The purpose of fractional reserve banking is to:
O A. prevent banks from charging unfair interest rates to small
businesses.
O B. combine the financial services of both commercial and retail
banks.
C. give banks the ability to make loans greater than the value of cash
deposhys.
D. give potential borrowers more options for securing short-term
bank loans.
Answer: A
Explanation:
it makes more sence
The purpose of fractional reserve banking is to prevent banks from charging unfair interest rates to small businesses. Thus, option A is correct.
What is fractional reserve banking?A fractional reserve banking system is one in which only a portion of bank deposits must be available for withdrawal. Banks only need a certain amount of cash on hand and can make loans using the money we deposit. By releasing cash for lending, fractional reserves help to boost the economy.
Banks can utilize cash (i.e., the majority of deposits) that would otherwise be unused and idle to create returns in the form of interest rates on new loans and therefore make more money available to build the economy.
Therefore, it prevents banks from charging unfair interest rates to small businesses.
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