Business transactions

Answers

Answer 1

Answer:

A business transaction is a financial transaction between two or more parties that involves the exchange of goods, money, or services


Related Questions

Sara enters into a contract to sell her vacation condo to Ted for a certain price on a specific day. On that day, Sara unconditionally offers to perform. Sara’s offer

Answers

The fact that Sara unconditionally offered to perform according to the contract that she entered into with Ted b. constitutes tender of performance.

What is a tender of performance?

A Tender of Performance is the requirement that a person ought to do as a result of them being in a contract, or the law ordering them to do so.

Sara performed her side of the contract which means that she performed her tender of performance according to the terms of the contract with Ted.

Options for this question include:
a. conditions Ted's promise to pay for the property.

b. constitutes tender of performance.

c. excuses the parties' performance under the contract.

d. suspends the parties' contractual obligations.

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Contract buying a. A practice where big businesses would put a contract out on labor union leaders b. A practice where large businesses would buy out their smaller competitors c. A practice that exploited some white families' desires to buy homes in integrated neighborhoods d. A practice that exploited black families' inability to obtain regular home mortgages

Answers

It should be noyed that contract buying a practice where large businesses would buy out their smaller competitors.

What is Contract buying?

Contract buying can be regarded as a practice whereby people with big business put a huge amount on an asset and complete it installmentally.

It is a way big business buy out their smaller competitors.

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Toryn, Inc., a major player in semiconductors, makes small investments of 5-10 percent of a firm's equity in many emerging technology companies. Toryn buys the company outright once that company's technological uncertainty resolves. The option that Toryn, Inc. uses is called a ________ option.

Answers

Toryn, Inc uses Strategic company decisions option in making decision of making of small investments and buying of the company.

What is a Strategic company decision?

A strategic decisions refers to vital decisions made on the environment where the firm operates, the resources and the people who form the company.

In essence, these decisions are important because they deal with harmonizing organizational resource capabilities with the threats and opportunities.

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based on your experience discuss a real-life example where organization behaviour was very useful for you. then imagine and discuss what was to happen if organizational behaviour was not utilized in this situation

Answers

Answer: Okay don't copy this word for word, anything in Brakets change them.

Explanation:

I've experiened originizational behaivor when looking at my [Your choice].

It was useful because I didnt get confused when looking for [Object]!

If I couldnt find [object] I wouldnt be able to, [action]. If organization wasnt used in this [describing term] I wouldnt be able to find [object] and I would be very upset. I feel as if this behaivor should be used everywhere.

Now for the people who get indecisive!

I've experiened originizational behaivor when looking at my My desktop of my computer. It was useful because I didnt get confused when looking for My assignments! If I couldnt find my assignments I wouldnt be able to, brush up on some topics. If organization wasnt used in this case I wouldnt be able to find my work and I would be very upset. I feel as if this behaivor should be used everywhere.

Using budgeting assumptions when preparing the master budget, ______.

Answers

Answer:

makes it easier to answer "what-if" questions

Explanation:

ACCOUNTING - The matching concept
a. requires that the dollar amount of debits equal the dollar amount of credits on a trial balance
b. states that expenses related to revenue be reported at the same time the revenue is reported
c. addresses the relationship between the journal and the balance sheet
d. determines whether the normal balance of an account is a debit or credit

Answers

b. states that expenses related to revenue be reported at the same time the revenue is reported

Disadvantage of not having Poka-Yoke

Answers

Ya I’m sure so n definitely polka tile lol what

A company has agreed to provide a customer with a package of standard car maintenance services for $100. The package consists of an oil change, for which the company normally charges $75, and a tire rotation, for which the company normally charges $50. What amount of revenue should be recognized?

Answers

The amount of revenue that should be recognized by the company is $100 (divided into Oil change, $60, and Tire rotation, $40).

What is revenue recognition?

According to the revenue recognition principle under the U.S. GAAP and IFRS, revenue is recognized when some performance criteria have been met.

The principle also recognizes that revenue recognition should be based on the percentage of the value when there is more than one performance criterion involved.

Data and Calculations:

Standard car maintenance services price = $100

Oil change = $75

Tire rotation = $50

Total normal cost = $125

Percentage of oil change to normal cost = 60% ($75/$125 x 100)

Percentage of tire rotation to normal cost = 40% ($50/$125 x 100)

Revenue recognition:

Oil change = $60 ($100 x 60%)

Tire rotation = $40 ($100 x 40%)

Thus, the amount of revenue that should be recognized is $100 (divided into Oil change, $60, and Tire rotation, $40).

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ACCT - Utilities Expense is a/an
a. Asset
b. Liability
c. Revenue
d. Expense

Answers

Utilities Expense - D. Expense

Which of the following statements describes the most likely reason why
ethical employees are important for a company?
O A. It can show caring.
O B. It can show morality.
O C. It can feel good.
O D. It can save money

Answers

Answer:

D. they can save money this way.

What is the scope of AS-26

A. All of these
B.Rights and Expenditure on the exploration for or development of Minerals
C. Financial Assets
D. Intangible Assets that are covered by another as

Answers

Answer:

Maybe the answer C. or B.

Commonwealth Delivery is the world's leading express-distribution company. In addition to the world's largest fleet of all cargo aircraft, the company has more than 670 aircraft and 57,000 vehicles and trailers that pick up and deliver packages. Assume that Commonwealth Delivery sold a delivery truck that had been used in the business for three years. The records of the company reflected the following:
Delivery truck cost $42,000
Accumulated depreciation 26,800
Required:
Prepare the journal entry for the disposal of the truck, assuming that the truck sold for: a. $15,200 cash
b. $16,500 cash
c. $14,000 cash

Answers

Answer:

the answer is Eva b e c Odyssey

When complimentary trading firms have specialized workers and processes in a particular product, and they engage in intra-industry trade, it creates benefits from working together by creating ________.

Answers

When complimentary trading firms have specialized workers and engage in intra-industry trade, it creates benefits from working together by creating: Economic gain.

What is a Complimentary Trade?

It is a form of trade that specializes in free trade. They compliment Each other. It can also be seen as a free-market idea that applies to international trade.

When trading firms have specialized workers and do intra-industry trade, especially in a complimentary trade, it helps the economy grow faster and also increases output.

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re
Project: Prepare Scenarios Using Gidgits Galore
Assignment Directions:
Part A: Prepare your own scenarios, using Gidgits Galore as your backdrop.
1. Provide an example of a "wrongful discharge" at Gidgits Galore.
2. Provide an example of a "retaliatory discharge" at Gidgits Galore.
3. Provide an example of "disparate treatment" at Gidgits Galore.
4. Provide an example of "disparate impact" at Gidgits Galore.
5. Provide an example of a "bona fide occupational quality" at Gidgits Galore.
Length: Each scenario must be at least one-half to one page in length

Answers

The answers to the questions about work in Gidgits Galore  is given below:

An example of a "wrongful discharge" at Gidgits Galore is said to be when an office supervisor tells an employee to carryout a task that is said to be against safety laws such as do a sudden urgent work that needs urgent approval and it is one that cannot wait and the employee will not be wearing safety gadget, the employee have the right to refuse and He or she cannot be fired for his or her refusal.

An example of a "retaliatory discharge" at Gidgits Galore occurs when an employee reports the director of the company for encouraging bribery in the workplace and when the employer is said to finds out about the bribery sandal and then confronts the director who then fires them for it, this can serves as an an example of retaliatory discharge.

What is an example of "disparate treatment" at Gidgits Galore?

Note that the term disparate treatment connote a deliberate employment discrimination.

An example of this is making sure that only employees with master's degree in a the firm can on some good and special cases (cases or jobs that will bring big allowance if the job is done well) excluding those who came in with bachelor's degree.

An example of "disparate impact" at Gidgits Galore is telling all employees to be involved in a particular task and using results from that task given to  unintentionally remove some particular minority employees disproportionately.

An example of a "bona fide occupational quality" at Gidgits Galore is When directors, supervisors and  other company's employees must join a union in the company,  be a member of that union (Example is National association of management, accountancy etc.) so as to be able to fulfill their job duties or requirements.

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Suppose there will be global catastrophe unless we hold total carbon dioxide emissions at or below 35 million tons per year. As a result, 35 million tons of emissions permits are auctioned off and the proceeds distributed equally between everybody on Earth. Is this better, worse, or basically the same as allocating to each of the 7 billion people on Earth 10 pounds of untradeable emissions permits per year?
a. better, because it lowers the cost of emissions abatement
b. worse, because it raises the cost of emissions abatement
c. about the same
d. It is impossible to say.

Answers

If 35 million tons of emissions permits are auctioned off, compared to each person getting 10 pounds of untradable emissions, it is a. better, because it lowers the cost of emissions abatement.

Why is it better?

If everyone got 10 pounds of untradable emission, the amount of emissions would be:

= (10 x 7 billion) / 2,000 pound per ton

= 35 million pounds

This is the same as the total amount of the emission permits but it is still more expensive than issuing permits because those permits are tradable.

Non-tradable permits will mean that some will exceed their permit and will be unable to share their emissions.

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Which of the following is NOT a common way businesses pay employees?

Answers

Answer:

yearly

Explanation:

Hope this helps:)...if not then sorry for wasting your time and may God bless you:)

The answer would be yearly<3

Microsoft receives a cash payment in advance for cloud services is an example of
a. prepaid expense
b. accrued revenue
c. unearned revenue
d. accrued expense

On December 31st a calendar year corporation
owes employees unpaid payroll
a. prepaid expense
b. accrued revenue
c. unearned revenue
d. accrued expense

Answers

1. Unearned Revenue
2. Accrued Expense

What is meant by accounting

Answers

Answer:

the action or a process of keeping financial accounting

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.

Explanation:

if u Wanted the most corpo answer

What role does a company like UPS play in the supply chain?

Answers

UPS is a great example of transportation and delivery services. Vehicles that move products to consumers are the final parts of a supply chain

Park Corporation is planning to issue bonds with a face value of $2,100,000 and a coupon rate of 9 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a premium account. Assume an annual market rate of interest of 7.5 percent. Required:
a. Prepare the journal entry to record the issuance of the bonds.
b. Prepare the journal entry to record the interest payment on June 30 of this year.
c. How will Park present its bonds on its June 30 balance sheet?

Answers

a.The journal entry to record the issuance of the bonds. Debit : Cash $677,135 and Credit : Bond Payable $677,135

b.The journal entry to record the interest payment on June 30 of this year. Debit : Bond Payable $43,715 ; Debit : Interest Charge $50,785 ;  Credit : Cash $94,500

c.Presentation of bonds on June 30 balance sheet . Non - Current Liabilities : Bond Payable $633,420

Issuance of the bonds

Since Park Corporation is paying 7.5 percent ( Market Rate) compared to the coupon 9 percent, the Bonds will be issued at a discount. The amount recognized at issuance will be the Present Value of $677,135.

Determined as follows :

FV = $2,100,000

Pmt = ($2,100,000 x 9 %) / 2 = $94,500

N = 10 x 2 = 20

i = 7.5 %

PV = $677,135

Interest Payment

Since the effective-interest amortization method is used, the interest is calculated as follows :

Interest Charge = Present Value x Interest rate

                           = $677,135  x 7.5 %

                           = $50,785

Bonds Payable Presented on Financial Satement

Bond Payable = Present Value - ( Cash Payment - Interest charge)

                        = $677,135 - (94,500 - 50,785)

                        = $633,420

In conclusion, Since Park Corporation is paying 7.5 percent ( Market Rate) compared to the coupon 9 percent, the Bonds will be issued at a discount of $677,135

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Hill Corporation Ltd., an Internet service provider, has been providing networking solutions to Riverdale High School for over a year. However, recently the administration at Riverdale high School has been complaining of an unstable connection. You are employed by Hill Corporation for the purpose of inspecting the issue at hand. Required:
What would be your first check point to ensure that there are no network issues from the service provider's end?

Answers

In order to ensure that there are no network issues from the Internet service provider's (ISPs) end, your first check point should be the main distribution frame (MDF).

What is main distribution frame (MDF)?

Main distribution frame (MDF) can be defined as a cable rack or signal distribution frame that serves as the primary hub for connecting network equipment between Internet service provider (ISP) and the subscriber carrier equipment.

As a network administrator, you should ensure that there are no network issues from the Internet service provider's (ISPs) end, by first checking the main distribution frame (MDF).

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Comics Alive is an animation studio with a strong creativity culture where the employees work together to imagine new cartoon characters and bring them to life via digital animation. If you were to visit Comics Alive, you would likely encounter observable artifacts such as

Answers

If you went to Comics Alive, based on their organizational culture, you would likely encounter observable artifacts such as  a. idea boards for current projects, varied kinds of seating, and advanced video technology.

Why would these be encountered?

Companies like Comics Alive which place a strong emphasis on creativity and team work, will use certain artifacts to achieve this.

They will use idea boards that have current projects which inspires creativity by allowing people to give ideas on those projects. Advanced video technology also allows for teamwork regardless of location.

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What is one of the primary concerns of socially responsible consumers?
A. Customer service
B. Low price
C. Socialism
D. Sustainability

Answers

One of the primary concerns of socially responsible consumers is sustainability.

Who is a socially responsible consumer?

A socially responsible consumer is a consumer who cares about the social impact that the products he buys have on the world around him.

It is to be noted that socially responsible consumers avoid products that they think harm society. Instead, they buy goods and services from companies that they believe do a better job of taking care of the world.

Hence, One of the primary concerns of socially responsible consumers is sustainability.

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A perfectly competitive firm has fixed costs of $1 million a month, variable costs of $2 million a month and product sales of $3 million a month. what statement is a correct analysis of the situation

Answers

Assuming a perfectly competitive firm has fixed costs of $1 million per month the company is making $0 profit.

The correct analysis

Using this formula

Analysis=Sales-Fixed cost-Variable cost

Where:

Sales=$3 million

Fixed cost=$1 million

Variable cost=$2 million

Let plug in the formula

Analysis=$3 million-$1 million-$2 million

Analysis=$0

Inconclusion the company is making $0 profit.

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In your opinion what do you think is the best anime game and why then put their sales.

Answers

Answer:

nourto 4 is my faveret game in anmie sauske and oboito are my faifret peple in the game

Explanation:

what tool is most appropriate for applying spread on the bread?​

Answers

Answer:

A butter knife

Explanation:

Traditionally, people spread the spread on bread with a butter knife.

What is the purpose of long-term disability insurance?
A. To replace a portion of a person's income if that person cannot
work
B. To provide a guaranteed loan to pay expenses until a person is
able to work again
C. To provide financial support for loved ones after a person dies
O D. To pay medical expenses if a person is hospitalized for an illness
or injury

Answers

The main purpose of of long-term disability insurance is: A. To replace a portion of a person's income if that person cannot work.

What is  long-term disability insurance?

Long-term disability insurance can be defined as the type of insurance coverage that help to guide a person income if the person is unable to work as a result of illness or injury.

Long-term disability insurance  is important  when it comes to unforeseen circumstance.

Inconclusion to replace a portion of a person's income if that person cannot work.

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Which of the following is considered the more industrial form of fishing?

A: Grouping
B: Netting
C: Gathering

Answers

Answer:

B

Explanation:

I hear netting a lot when people talk about fishing. I don't hear the other two when talking about fishing.

A university’s marketing department typically purchases backpacks with its logo embroidered on them for all incoming freshmen. This year, because faculty have heard complaints, the marketing chair wants to buy similar backpacks but find one that is a little more durable. This is an example of a
A) new buy.
B) make-buy.
C) straight rebuy.
D) standard reorder.
E) modified rebuy.

Answers

Hi I am not quite sure but I think it might be a i’m in middle school so don’t trust me on this one

PLEASE HELP, NEED ANSWER QUICKLY
What do fulfillment centers do?
Question 2 options:
(A) - Store products indefinitely but have slow shipping times
(B) - Temporarily store products for retail stores
(C) - Strategically store a company's products so that the product can be picked up by the customer
(D) - Strategically store a company's products so that the product can be quickly picked up and sent out

Answers

Answer:

B

Explanation:

I just did the quiz and got 100%

Temporarily store products for retail stores.

What is the meaning of Store?

The term "stores" refers to the materials that a business has in inventory. The phrase can also be used to describe a warehouse operation that holds and distributes products.

Supermarkets, hypermarkets, and grocery stores. Anything that is in store for you will materialise at some point in the future. Also, I was in store for some surprises. The daily operations of businesses rely heavily on stores. The goal of stores is the constant creation and provision of goods and services. Every project, no matter how big or small, is efficiently handled by managing the stores.

Creating retail tactics to increase the client base, increase foot traffic, and maximise profits. achieving sales targets by educating, inspiring, guiding, and giving retail employees feedback. ensuring high client satisfaction levels through superior service.

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#SPJ2

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How is change shown in the Count of Monte Cristo? Explain how the VIH virus uses specific structures to enter the cell What is 7 / 27 as a decimal rounded to 3 decimal places? I was at home at that hour and writing in my study; and although my french windows face towards ottershaw and the blind was up (for i loved in those days to look up at the night sky), i saw nothing of it. yet this strangest of all things that ever came to earth from outer space must have fallen while i was sitting there, visible to me had i only looked up as it passed. some of those who saw its flight say it travelled with a hissing sound. i myself heard nothing of that. the war of the worlds, h. g. wells which quotation most clearly reveals the locations of both the object and the narrator? ". . . although my french windows face towards ottershaw and the blind was up . . . i saw nothing of it." ". . . for i loved in those days to look up at the night sky . . ." "yet this strangest of all things that ever came to earth from outer space must have fallen while i was sitting there . . ." what is the conflict to the short story the strangers that came to town by ambrose flack PLEASE ANSWER AS SOON AS POSSIBLE In the following acid-base reaction,HPO42- is theH2PO4- (aq) + NH3(aq) HPO42- (aq) + NH4+(aq)Bacidconjugateacidconjugatebase 15x + 2y /= 38 x >/= 0; y>/= 0 1 > -1/2x + 5 solve for x somebody help me with this!i haven't done this in a while, so i forgot how to do it Based On The Evidence in the song, what would you predict the character in the song would do if they received very bad ews?A. They would fall apartB. They would overcome the bad ewsC. They would laugh at the bad ewsD. They would go hang out with friends until they felt better(This is talking about the song Happy by Pharrell Williams)Just saying and please help fast thank you :)! (Marking someone as brainliest!) All of the following are examples of a total institution except a. Military camp. C. Prison. B. Emergency room. D. Psychiatric hospital. Please select the best answer from the choices provided A B C D. Kyle has a storage box that is 2 ft. Long, 3 ft. High, and has a volume of 12 ft. 3. Myla has a storage box that is 4 ft. High, 2 ft. Long, and has a volume of 16 ft. 3. What are the widths of Kyle and Myla's boxes? Explain how you know. Read the excerptWhich choice best explains the effect of the author'suse of a faulty analogy on the overall argument?Kale is one of the most nutritious vegetables on Earth.However, its bitter taste and time-consumingprocessing prevented it from becoming a popular snackfood until the kale chip was invented. Kale chips arejust as nutritious as raw kale but are ready to eat andtastier. Their convenience and trendy marketing havemade them one of the best-selling snack foods. Asimilar approach will easily work with any vegetable,thus making beets the guaranteed next wave innutritious snackingO The comparison of kale and beets weakens theclaim that kale is a delicious and nutritious snackO The exaggerated excitement about kale discouragesthe audience from accepting the claims made aboutbeets.O The unsubstantiated connection between kale andbeets weakens the credibility of the rest of theargumentO The reasoning distracts from the strong evidence inthe argument that kale's popularity is well deserved.APITS C!!!! Which table models the graph shown below? HELP PLS which expression is a perfect cube? 10 points !!!!!!!!!!!! Who would have first made this statement while observing cork under a microscope?"The cork looks like little rooms, or cells.HookeSchleidenLeeuwenhoekVirchow If it is now two o'clock, how many hours later will be the first hour between the arrows of the clock is 90 degrees What are the main functions of the urinary system?. What quantative measures describe a variation in a set