Answer:
a). the acquiring firm does not physically record the acquired firm's separate assets and liabilities.
c). the parent company employs consolidated worksheet entries to help prepare a set of consolidated financial statements.
Explanation:
Business Combination is characterized as an agreement through which the owner gains authority over a business or acquires it primarily to expand his/her business empire. When each combining firm persists a legally incorporated autonomous identity, 'the acquiring firm does not physically record the acquired firm's separate assets and liabilities and the parent company enrolls combined worksheet entries to assist prepare a group of combined financial statements.' It assists in making the acquisition easier and legally apt. Hence, options a and c are the correct answers.
Becky makes $8.75 an hour plus benefits, which are an additional 13.5%.
How much does Becky make per hour including benefits? *
$9.20
$
O $9.95
O $9.93
O $8.88
Answer:
$9.93
Explanation:
Becky makes $8.75, the benefits are 13.5 % of $8.75.
Including benefits, Becky makes
=8.75 + ( 13.5 /100 x $8.75)
=$8.75 (0.135 x $8.75)
=$8.75 + $1. 18125
=$9.93125
=$9.93
For a criminal case, which of the following represents the correct order of
events during a trial?
A. The State presents opening arguments, then the defense presents
opening arguments; The State presents its case first, then the
defense presents its case.
B. The defense presents opening arguments, then the State presents
opening arguments; The State presents its case first, then the defense presents its case.
C. The defense presents opening arguments, then the State presents
opening arguments; The defense presents its case first, then the State presents its case.
D. The State presents opening arguments, then the defense presents
opening arguments; The defense presents its case first, then the State presents its case.
Answer: A. The State presents opening arguments, then the defense presents opening arguments; The State presents its case first, then the defense presents its case.
Explanation:
In a criminal trial the burden of proof lies with the State which means that it is up to them to prove that the individual is either guilty or not. For this reason they have to give the opening arguments.
The defense then gives their opening statement as well. After this is done the State presents its case and the facts thereof to the jury. The defense will now come and present its case and show their own interpretation of the facts of the case.
Nikki loves order and efficiency. She works to make sure that the supply chain is running properly and loves to
organize and track her company's products.
Which career path is Nikki most likely in?
O Buying and Merchandising
O Distribution and Logistics
O E-Marketing
O Management
Answer:
Distribution and Logistics
Explanation:
Logistics are the activities of a company related to distributions of its product. It encompasses all efforts of moving goods from the factory to the retailers for sale to the customers. Transport and warehousing are part of logistics.
The distribution and logistics department plans, organize, and manages the movement of products to their intended destination. Nikki is most likely to be in the distribution and logistics career path. She ensures that the supply chain is running efficiently and tracts the movement of products.
Answer:
B ) Distribution and Logistics
Explanation:
To be eligible for Bright Futures, you must
submit a statement explaining how all money will be repaid
submit a plan of action for all courses throughout college
take at least three remedial credits in the first semester
take at least six non-remedial credits per semester
please only answer if you know what your talking about
and if your right i will give brainiest.
Answer:
B. Submit a plan of action for all courses throughout college.
Explanation:
I am also taking the FLVS course.
Select all items that describe characteristics of a website theme.
applies to the overall website design
defined after a site has been built
harmonizes all parts of a website
can make it more difficult for a team to work together
conveys a feeling to the target audience
optimizes a site's usability
Answer:
1,3,4&5
Explanation:
Answer:
1, 3, 5, 6
Explanation:
Revenue recognition over time and at a point in time under ASC Topic 606 (LO3-4) MSK Construction Company contracted to construct a factory building for $525,000. Construction started during 20X1 and was completed in 20X2. Information relating to the contract follows:
20X1 20X2
Costs incurred during the year $290,000 $150,000
Estimated additional cost to complete 145,000 —
Billings during the year 260,000 265,000
Cash collections during the year 240,000 285,000
Required:
1. Record the preceding transactions in MSK’s books assuming it recognizes revenue over time and uses costs incurred to measure the extent to which its performance obligation has been satisfied.
2. Record the preceding transactions in MSK’s books assuming it recognizes revenue at a point in time when control of the completed factory is transferred to the customer at the end of the project.
Answer:
MSK Construction Company
a) Journal Entries:
Debit Contract Cost $290,000
Credit Cash Account $290,000
To record the cost of the contract incurred for the 1st year.
Debit Accounts Receivable $260,000
Debit Unbilled Contract $90,000
Credit Contract Revenue $350,000
To record the contract revenue for the first year.
Debit Cash Account $240,000
Credit Accounts Receivable $240,000
To record the receipt of cash for the first year.
Debit Contract Cost $150,000
Credit Cash Account $150,000
To record the cost of the contract incurred for the 2nd year.
Debit Accounts Receivable $265,000
Credit Contract Revenue $175,000
Credit Unbilled Contract $90,000
To record the contract revenue for the 2nd year.
Debit Cash Account $265,000
Credit Accounts Receivable $265,000
To record the receipt of cash for the 2nd year.
Explanation:
Contract price = $525,000
Contract data:
20X1 20X2
Costs incurred during the year $290,000 $150,000
Estimated additional cost to complete 145,000 —
Billings during the year 260,000 265,000
Cash collections during the year 240,000 285,000
Revenue Recognition over time based on costs:
Total estimated cost = $435,000 ($290,000 + 145,000)
Revenue in the 1st year = ($290,000/435,000 * $525,000) = $350,000
Revenue in the 2nd year = $175,000 ($525,000 - $350,000)
Revenue Recognition at point in time when control is transferred:
Revenue in the 1st year = $0
Revenue in the 2nd year = $525,000
HURRYYY!! The extent to which critical thinking skills are used is influenced by the learner's motivation to do well.
TRUE or FALSE
Answer:
TRUE
Explanation:
Get out of my swamp!
Answer:
i think true
Explanation:
Hi what color should I paint my room or should I just leave it white?
Answer: I would say light blue but it depends on what kind of theme you are going for in your room.
Also light blue with clouds is what I want to paint my walls so that is the first thing to come to my mind
Why do lenders often require a down payment when credit is used to purchase a good?
Answer:
see below
Explanation:
A down payment is a lump-sum amount paid a borrower raises when purchasing an asset on credit. The down payment or deposit is paid to the lender and reduces the credit to be extended. Usually, the lender will demand a down payment of up to 20% of the asset's value.
The down payment reduces the risk a lender takes in advancing the loan to the borrower. It reduces the loan amount involved. The down payment shows the borrower is financially stable. If they can raise 20 percent of the amount, it gives the lender confidence that the borrower can repay the loan. A down payment shows the borrower is a low-risk customer
when you should send an email
A. when the subject matter is extremely private
B.when the subject matter is objective and informative
C. when the subject matter is emotional
D. when the subject matter is sensitive in nature
B. When the subject matter is objective and informative
You should send an email when the subject matter is objective and informative. Hence, Option B. is correct.
Email is a fantastic manner to communicate when the subject matter is objective and informative. A way to communicate between people using the internet and electronic gadgets is via email. Because emails are a fantastic method to discuss and highlight vital information without containing a personal opinion, which is especially critical in a business context, you should send an email when the subject matter is objective and instructive.
Therefore, the correct option is option B.
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does anybody know how to make a legit website from scratch and for free?
if you have a business and have made a website using a free online web builder let me know what site you used and some tips.
- thanks
Answer:
Wix
Explanation:
I once made a website for free on Wix. However, the url was long and was the email that I used. If you do use wix, create an email with what you want your email to be. I hope this helps you out.
ANSWER ASAP-- In one year, Corey earned $25,000 from his employer and a $300 capital gain from the sale of an investment. Corey doesn’t qualify for any deductions, but he can claim the lifetime learning credit.
Corey’s adjusted gross income is BLANK
and his total tax due will be (decreased or increased)
by the credit.
Answer:
Corey’s adjusted gross income is $25,300 and his total tax due will be decreased by the credit.
Explanation:
Add what Cory earned and his capital gain to make $25,300
Cory claimed the lifetime learning credit which decreases his total tax due
The stockholders’ equity accounts of Culver Corporation on January 1, 2022, were as follows.
Preferred Stock (7%, $100 par noncumulative, 8,000 shares authorized) $480,000
Common Stock ($4 stated value, 480,000 shares authorized) 1,600,000
Paid-in Capital in Excess of Par Value—Preferred Stock 24,000
Paid-in Capital in Excess of Stated Value—Common Stock 768,000
Retained Earnings 1,100,800
Treasury Stock (8,000 common shares) 64,000
During 2022, the corporation had the following transactions and events pertaining to its stockholders’ equity.
Feb. 1 Issued 8,000 shares of common stock for $48,000.
Mar. 20
Purchased 1,600 additional shares of common treasury stock at $7 per share
Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1.
Nov. 1 Paid the dividend declared on October 1.
Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022.
Dec. 31 Determined that net income for the year was $450,000. Paid the dividend declared on December 1.
(a) Journalize the transactions. (Include entries to close net income and dividends to Retained Earnings.)
(b) Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts. (Use T-accounts.)
(c) Prepare the stockholders' equity section of the balance sheet at December 31, 2017.
(d) Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding.)
Answer:
a) Feb. 1 Issued 8,000 shares of common stock for $48,000.
Dr Cash 48,000
Cr Common stock 32,000
Cr Paid-in Capital in Excess of Stated Value - Common Stock 16,000
Mar. 20 Purchased 1,600 additional shares of common treasury stock at $7 per share
Dr Treasury stock 11,200
Cr Cash 11,200
Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1.
Dr Retained earnings (4,800 x 100 x 7%) 33,600
Cr Preferred dividends payable 33,600
Nov. 1 Paid the dividend declared on October 1.
Dr Preferred dividends payable 33,600
Cr Cash 33,600
Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022.
Dr Retained earnings (398,400 x $0.50) 199,200
Cr Common dividends payable 199,200
Dec. 31 Determined that net income for the year was $450,000. Paid the dividend declared on December 1.
Dr Common dividends payable 199,200
Cr Cash 199,200
Dr Income summary 450,000
Cr Retained earnings 450,000
b) T-accounts
Common stock
debit credit
$1,600,000
$32,000
$1,632,000
Paid-in capital in excess of par value - common stock
debit credit
$768,000
$16,000
$784,000
Treasury stocks
debit credit
$64,000
$11,200
$75,200
Retained earnings
debit credit
$1,100,800
$33,600
$199,200
$450,000
$1,318,000
Preferred stocks
debit credit
$480,000
Paid-in Capital in Excess of Stated Value - Common Stock
debit credit
$24,000
c) Stockholders' equity section
Paid-in capital:
Preferred Stock (7%, $100 par $480,000
noncumulative, 8,000 shares authorized)
Paid-in Capital in Excess of Par $24,000 $504,000
Value - Preferred Stock
Common Stock ($4 stated value, $1,632,000
480,000 shares authorized)
Paid-in capital in excess of par $784,000 $2,416,000
value - common stock
Total paid-in capital $2,920,000
Retained Earnings $1,318,000
Treasury Stock (9,600 common shares) ($75,200)
Total stockholders' equity $4,162,800
d) payout ratio = dividends per share / EPS
dividends per share = $0.50
EPS = $1.04
payout ratio = $0.50 / $1.04 = 0.48 = 48%
EPS = (net income - preferred dividends) / weighted average shares outstanding
net income = $450,000
preferred dividends = $33,600
weighted average shares outstanding = 400,000 - 8,000 + (8,000 x 11/12) - (1,600 x 79/365) = 398,987
EPS = ($450,000 - $33,600) / 398,987 = $1.0436 ≈ $1.04
return on common stockholders' equity = (net income - preferred dividends) / average stockholder's equity
average stockholders' equity = ($3,404,800 + $3,658,800) / 2 = $3,531,800
return on common stockholders' equity = $416,400 / $3,531,800 = 0.1179 = 11.79%
As the number of multinational corporations increases, we are experiencing international ethical dilemmas. one very real concern during the past decade is the human rights abuses in sweatshops where several multinationals contract manufacture their products, in exchange for cheap labor. s
Answer: A) Multinationals must subjectively determine the local "living wage," which is usually more than the local legal wage in developing countries. Customers surveyed say they are willing to pay a few dollars more to improve working conditions in sweatshops.
Explanation:
Developing countries are notorious for setting low legal minimum wages in order to attract foreign investment and also because such countries have lower standards of living.
For Multinationals to improve conditions therefore, they would have to independently determine a living wage that they could pay such workers to alleviate their conditions and this effort would be taxing because Multinationals are not on ground to conduct proper research.
A silver lining is that customers surveyed say they are willing to pay extra if conditions in sweat shops would improve.
Full question is;
As the number of multinational corporations increases, we are experiencing international ethical dilemmas. One very real concern during the past decade is the human rights abuses in sweatshops where several multinationals contract manufacture their products, in exchange for cheap labor. Several retailers have banned together to set ethical standards in foreign factories. Which of the following statements summarizes the challenges of companies doing business in developing countries and the concerns of their customers?
A) Multinationals must subjectively determine the local "living wage," which is usually more than the local legal wage in developing countries. Customers surveyed say they are willing to pay a few dollars more to improve working conditions in sweatshops.
B) Economically sensitive customers want companies to pass along cost savings to them, at all costs, even if the products are made through offshore outsourcing. Companies want to please customers, first!
C) Most multinational corporations have made no attempt to improve working standards at sweatshop factories. They will turn a blind eye to the problem unless U.S. law is passed to force the issue. Customers understand that legal limits come before ethical standards.
D) Multinationals cannot be expected to demand socially responsible behavior from their supplier, including foreign sweatshops. When doing business abroad, the U.S. company need not comply with U.S. law when its supplier(s) is not in the U.S. or on U.S. territory.
Support Test: Over %______of the support of the qualifying relative must be furnished by the taxpayer. If the individual does not spend funds that have been received from any source, the unexpended amounts(are or are not) counted for purposes of the support test. Under a multiple support agreement one member of a group of taxpayers who furnish support for a qualifying relative may claim a dependency exemption if together the group provides over______% of the support. Any person who contributed more than______% of the support is entitled to claim the exemption if each person in the group who contributed more than______% files a written consent.
Answer:
Over 50% of the support of the qualifying relative must be furnished by the taxpayer. If the individual does not spend funds that have been received from any source, the unexpended amounts(are or are not) counted for purposes of the support test.
Under a multiple support agreement one member of a group of taxpayers who furnish support for a qualifying relative may claim a dependency exemption if together the group provides 50% of the support. Any person who contributed more than 10% of the support is entitled to claim the exemption if each person in the group who contributed more than 10% files a written consent.
Information of goods and services of solo factory in Trinidad
Answer:
What's your question? I'll answer in the comments of this answer if you can give me the rest of the question :)
Explanation:
The equation Assets = Liabilities + Owner's Equity is called the
Answer:
Accounting Equation
Explanation:
The accounting equation forms the basis of preparing a balance sheet and the double-entry accounting concept.
The accounting equation is presented as Assets = Liabilities + Shareholder’s Equity. The balance sheet presentation follows this concept. It is divided into three segments, assets, liabilities, and equity.
The double entry concepts will record entries affecting assets in the same manner. Those affecting liabilities and equity are recorded similarly. The entries of assets balance the entries of equity and liabilities.
A Michigan State University student spends his summer months in his hometown, where he works for a local micro-brewery during the evening hours. In the late morning, he attends the local community college, where he takes a summer course that he knows will transfer back to MSU. Although he finds the courses just as challenging as his regular university, he does not worry about his summer grades affecting his 3.2 (out of 4.0) grade point average, because MSU only accepts the transfer credits. As long as he receives C grade or better, he maintains his current grade point average. Which of the following theories suggests that the student will only work as hard as necessary to earn a "C" grade?A) Expectancy TheoryB) Objective-setting TheoryC) Equity TheoryD) Maslow’s Theory
Answer: Expectancy theory
Explanation:
The theory that suggests that the student will only work as hard as necessary to earn a "C" grade is the expectancy theory.
Expectancy theory states that an individual will act in a particular way due to the fact of what they believe will be the result of the behavior that they selected and thereby will select a particular behavior above orhers.
Here, the student simply selects his work above the school grade because he believes that a C is enough for him. Therefore, the answer will be expectancy theory.
What is the largest difference in stocks and bonds?
a. Bonds are a binding contract, promising the holder a portion of the company's annual profit,
unless it is unprofitable, while stocks are a very standard investment and pay off a
predetermined amount after a period of time.
b. Stocks are a share of ownership in a company and give the stockholder voting rights, while
bonds are similar to lending a company or government money.
C. Stocks are the most secure of all investments and bonds are some of the least secure.
d. Bonds are available to the public, while stocks are reserved for the financial elite.
Answer:
B
Explanation:
Stocks are a share of ownership in a company, and a bond is a document that states how you will earn a certain amount of money after a predetermined time.
hope this helps :)
Stocks are a share of ownership in a company and give the stockholder voting rights, while
bonds are similar to lending a company or government money.
What Is a Shareholder?Anyone who holds at least one share of a company's stock or unit in a mutual fund is referred to as a shareholder. The firm is primarily owned by its shareholders, who also have specific rights and obligations. With this ownership structure, they can benefit from a company's success.
These benefits take the shape of rising stock prices or dividend payments from financial gains. In contrast, when a corporation experiences a loss, the share price inevitably falls, which may result in financial losses for shareholders or portfolio reductions.
A majority shareholder is a single shareholder who holds and controls more than 50% of the outstanding shares of a corporation. Comparatively, minority shareholders are individuals who own less than 50% of a company's equity.
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Hey wassup I'm lowkey bored y'all wanna do sum?
Answer:
Lol
Explanation:
What cha doing?
Honestly I just want some points not to ruin ur chill or notin
7. XYZ stock price and dividend history are as follows: An investor buys three shares of XYZ at the beginning of 2010, buys another two shares at the beginning of 2011, sells one share at the beginning of 2012, and sells all four remaining shares at the beginning of 2013. (LO 5-1)
Answer:
A lot of information (number are missing) as well as the requirements, so I looked for a similar question and found:
Year Beginning-of-Year Price Dividend Paid at Year-End
2010 $ 108 $4
2011 $ 112 $4
2012 $ 98 $4
2013 $ 103 $4
a. Calculate the time-weighted rate of return for the investor?
b. Calculate the money-weighted rate of return for the investor?
a) first we must determine the holding period return (HPR) for:
2010 = [($336 - $324) + $12] / $324 = 0.074
2011 = [($490 - $560) + $20] / $560 = -0.089
2012 = [($412 - $392) + $16] / $392 = 0.092
time weighted rate of return (TWRR) = [(1 + 0.074) x (1 - 0.089) x (1 + 0.092)] - 1 = 1.0684 - 1 = 0.0684 = 6.84%
b) calculating the money weighted rate of return is similar to calculating the IRR of a project:
cash flow at the beginning of 2010 = -$108 x 3 = -$324
cash flow at the beginning of 2011 = (-$112 x 2) + $12 = -$212
cash flow at the beginning of 2012 = $98 + $20 = $118
cash flow at the beginning of 2013 = ($103 x 4) + $20 = $432
using an excel spreadsheet, the MWRR = 1.08%
Credit cards can help _____________ when paid off on time regularly.
Answer:
lower your debt
Explanation:
Credit cards can help to lower debt when paid off on time regularly.
What is Credit card?A credit card is a sort of credit facility offered by banks that allows clients to borrow monies up to a pre-determined credit limit. It allows customers to make purchases of products and services. When using a credit card, you must make at least the minimum payment each month by the balance's due date.
Paying it down on time might help to boost the credit. People who do not have much credit history may have difficulty obtaining a beginning card. A card with a lower credit score may be appropriate in some instances, but for many people, a secured card is a better alternative.
The lower credit usage, the smaller credit card balance. Paying your credit card debt on time and consistently might enhance your credit score.
As a result, if credit score improves, you may be able to qualify for lower interest rates and other loans, such as mortgages.
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Some organizations may choose to have job applicants complete an application form created by the firm, instead of just allowing the employee to write his own. Give ONE (1) key reason why
the firm may prefer to have an application form completed.
Answer:
see below
Explanation:
Job applicants complete an application form created by the employer to gather relevant information from potential employees. One reason employers prefer Job application forms is to gather comprehensive and consistent data from all applicants. This facilitates a fair analysis of applicants' backgrounds.
Application letters and resumes may not have uniform data. The employer designs the application form to ensure they get all the data they require from all applicants. Again, resume's do not include important information such as names and contacts of immediate and past supervisors.
CA1-1 (FASB and Standard-Setting) Presented below are four statements which you are to identify as true or false. If false, explain why the statement is false.
Mostly interested in 1-3 as this is the question to be answered for homework. Please provide research and references. Thank You
CA1-1 (FASB and Standard-Setting) Presented below are four statements which you are to identify as true or false. If false, explain why the statement is false.
1. GAAP is the term used to indicate the whole body of FASB authoritative literature.
2. Any company claiming compliance with GAAP must comply with most standards and interpretations
but does not have to follow the disclosure requirements.
3. The primary governmental body that has influence over the FASB is the SEC.
4. The FASB has a government mandate and therefore does not have to follow due process in issuing a standard.
Answer:
1. GAAP is the term used to indicate the whole body of FASB authoritative literature.
⇒ TRUE
2. Any company claiming compliance with GAAP must comply with most standards and interpretations but does not have to follow the disclosure requirements.
⇒ FALSE
In order to comply with GAAP, companies must comply with all (not just most) the standards and interpretations. This includes all the disclosure requirements. You cannot simply choose which standards to follow and which not to follow.
3. The primary governmental body that has influence over the FASB is the SEC.
⇒ TRUE
4. The FASB has a government mandate and therefore does not have to follow due process in issuing a standard.
⇒ FALSE
The second premise by which the FASB works states that it must operate through a due process system and their work must be available to the general public.
Q1) The Lahore Metro Bus is crowded for travel during peak hours. During such travel hours two daily passengers ‘Usman’ and ‘Ibrahim’ enter the Metro. Luckily, two adjacent seats are free in the bus. Each of them must decide whether to sit or stand. For both, sitting alone is more comfortable than sitting next to the other person, which in turn is more comfortable than standing. [16 marks]
(Note: for parts (a) & (b) below consider Usman as ‘row player’ and Ibrahim as ‘column player’).
A) Model the situation as a strategic game, assuming both ‘Usman’ and ‘Ibrahim’ care only about their own comfort. Find the Nash equilibrium (equilibria) if it exists. Also, does a dominant strategy exist for either ‘Usman’ or ‘Ibrahim’
B) Now assume that both ‘Usman’ and ‘Ibrahim’ are altruistic, ranking outcomes according to the other person’s comfort and, out of politeness, prefer to stand than to sit if the other person stands. Model the situation as a strategic game and find any Nash equilibrium (equilibria) if it exists. Does a dominant strategy exist for either ‘Usman’ or ‘Ibrahim’ with these preferences?
Answer:
Each of them must decide whether to sit or stand. For both, sitting alone is more comfortable than sitting next to the other person, which in turn is more comfortable than standing is discussed below in details.
Explanation:
A) In the first position, every one of them makes more profit by resting alone than by resting together, and this is favored over standing. So the payoffs are as provided in the beneath image as (a). Here if one stands and the other sits, at that point the person who relaxes gets a bigger payoff of 4, while the other gets - 2 (Since he is standing which is difficult). If the two of them stand, at that point, the payoff is - 2 for each, and on the off chance that the two of them sit they every one of them gets a payoff of 2 (which is not exactly the payoff if the other individual stands given as 4 above). So Usman stands, Ibrahim will decide to sit, bringing about a payoff of (4,- 2). In any case, if Ibrahim sits, Usman will likewise sit since his payoff is higher by choosing to sit (2>-2). So the only Nash equilibrium is given when both choose to sit, e (Sit, Sit) given by lower right corner of the game getting the payoff of (2,2).
Help plz
What is persuassive writing?
Answer: something to like negotiate someone to do something and give good reasoning
Explanation: for example, someone would want to dye their hair and they would write a letter to their mom saying why their mom should let them dye their hair
2
3
6
Compare and contrast mediation with arbitration.
Answer:
See below
Explanation:
Both mediation and arbitration are dispute resolution mechanisms. They make use of an independent third party to help resolve the conflict. Mediation and arbitration are a private affair between the independent third party and the conflicting parties.
In an arbitration, the arbitrator considers the evidence presented by each of the conflicting parties. They weigh in the legal aspects before making a binding decision. Arbitration is like a court case, except that the process takes place outside a courtroom. There is a winning and a losing party in an arbitration.
Mediation helps parties to settle their disputes through discussions, negotiations, and narrowing differences. The mediator helps conflicting parties to arrive at an agreed solution. They do not decide on the conflicting issue. In mediation, all parties agree on a win-win solution.
When should the trial balance totals differ?
A. Only when it is drawn up by the accountant
B. When drawn up before the profit and loss account is prepared
C. If drawn up halfway through the financial year
D. Never
Answer:
C. If drawn up halfway through the financial year
Explanation:
A business prepares a trial balance to check on the accuracy of the double-entry system. The trial balance detects any mathematical errors that may have occurred during recording or posting information in various accounts.
A trial balance lists all the accounts as obtained from a firm's general ledger. It sums up the closing balances of all debits on one column and credits on the other. If the debits and credits balance, the firm's ledger book is presumed not to have mathematical errors.
The preparation of a trial balance is at the end of a financial period, before the main financial statements. It uses the closing balances of the ledger accounts. If some accounts are not closed, then a trial balance will not balance.
write the short note on durable and non durable materials
Have a look at the top 10 brands in the world, what similarities can you see in regards to their marketing activities
s you probably know, brand equity is becoming increasingly important factor to successful brands. Brand equity has the ability for firms to to gain additional market share, at a price premium, with increased customer loyalty, and greater acceptance of new products. It also provides significantly more access to more retailer channels and easier ability to enter new markets.
Professional valuation companies that rank firms on the brand equity value consider how much the brand contributes to additional profitability. Here are the top 10 brands for 2015 as determined by Millward Brown.
Apple
Microsoft
IBM
Visa
AT&T
Verizon
Coca-Cola
McDonalds
Marlboro