Notes Payable are parts borrowed from a bank; Charges Payable are not and Comments Payable are registered with a legal paper called notes.
What are payable notes?Long-term commitments known as letters payable mean the sums that a firm owes its operators, including banks and other financial institutions as well as other funding sources like friends and family. They are considered long-term since they are due after a year, though typically within five years. Examples of notes payable include getting a loan from a bank, buying a house, and getting a business automobile. Normally, a note payable is a form of short-term debt. Long-term debt, on the other hand, comprises obligations that are due over a period longer than a year. On a company's balance sheet, both can be found under "liabilities," which is a characteristic they share.Therefore the correct answer is
c. Notes Payable are amounts borrowed from a bank; Accounts Payable are not.
d. Notes Payable are documented with formal document called notes.
The complete question is:
Which of the following are characteristics of Notes Payable and not Accounts Payable? (Select all that apply)
a. Notes Payable are amounts owed to creditors; Accounts Payable are not.
b. Only notes Payable have interest charges.
c. Notes Payable are amounts borrowed from a bank; Accounts Payable are not.
d. Notes Payable are documented with formal document called notes.
e. Notes Payable are liabilities; Accounts Payable are not.
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click and drag on elements in order place in order from first to last the steps in the devil's advocacy decision framework. (place the first step at the top.)
In order from first to last, the steps in the devil's advocacy decision framework are given below.
The Devil's Advocate approach is an age-old method for constructing the strongest possible case opposing a proposed plan, judgment, or decision.
This is a popular tool for challenging fixed 'mindsets' or established 'group thinking.'
Step 1: Define the intended plan, judgment, or decision clearly.Step 2: Keep in mind that the individual playing the Devil's Advocate is playing a part. Personal opinions are not permitted in this role-playing exercise.Step 3: Go over all of the evidence. Was any contradicting information ignored? Could the data be utilized to support a different conclusion?Step 4: Is there any missing data? Was any unusual data ignored? Are there any information gaps?Step 5: Put crucial assumptions to the test. Have you identified all of the assumptions? What effect would it have if they were not valid?Step 6: Determine the sources of uncertainty.Step 7: Examine the analytical techniques that were employed to achieve the conclusion. Is it prone to any common analytical blunders? (2006, Psychology of Intelligence Analysis)Step 8: Did the supporting arguments contain any flawed logic?Step 9: Was causality and correlation mixed up?Step 10: Reassess your confidence in your initial conclusion.Hence, In order from first to last, the steps in the devil's advocacy decision framework are given above.
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Which 2 statements are true about overriding the default sales tax that appears on an invoice?
Following are the statements which are true about overriding the default sales tax that appears on an invoice:
You can use a custom rate instead of overriding
You must be a Primary Admin user to override the sales tax
Hence, options A and D are correct.
What is a sales tax?When there is an amount of money which is calculated on a particular percentage basis, and after adding to the cost of a product or service, whatever is purchased by a consumer or customer at a retail location is charged to do so under the sales tax.
When it is about overriding the default sales tax, which is on an invoice at this time, it has to custom rate and also act as a primary admin user so that they can override the sales tax
Therefore, options A and D are correct.
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The complete question has been attached in text form:
Which 2 statements are true about overriding the default sales tax that appears on an invoice? (Select all that apply)
A. You can use a custom rate instead of overriding
B. You must enter a reason in a free-form text field
C. Only Accountant users can override the sales tax
D. You must be a Primary Admin user to override the sales tax
E. You can express the override in terms of dollars or a percentage
A technical analyst who monitors stock advances against declines subscribes to the? a odd lot theory b breadth of market theory c dow theory d efficient market theory
A technical analyst who monitors stock advances against declines subscribes to the breadth of market theory.
Is the which means of analyst?
Someone whose task is to examine or take a look at something in an organized way: She is a financial analyst (= a person who studies monetary investments). Analyst is also a short form of psychoanalyst.
What is an example of analyst?
The definition of an analyst is someone who studies the factors of something, often breaking it down into smaller components, to find out how the parts work collectively and what the character is of the issue being studied. A psychotherapist is an example of an analyst.
What's some other call for an analyst?
On this page you could discover 26 synonyms, antonyms, idiomatic expressions, and related phrases for analyst, like: examiner, interpreter, questioner, strategist, investigator, shrinker, economist, consultant, inquisitor, critic.
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technology is used today in manufacturing, health care, and the transportation industry, but education has not yet embraced it.
It is untrue that technology is currently utilized in manufacturing, healthcare, and the transportation industry, but education has not done so.
The requirement to move goods, people, and information as effectively as possible is met by the global industry of transportation. The transportation industry uses all of these modes of transportation to move goods where they need to go: land, sea, air, and space. Whether they develop equipment, manage infrastructure, or provide employees, many international technology corporations have a part to play in this sector. With the exception of extremely bad economic times, this industry typically experiences consistent growth.
In terms of cargo, the transportation industry transports a wide range of items and offers a wide range of services to consumers and clients. Ships, planes, pipelines, trucks, and small orders technology may be divided up for transportation by cars and other smaller vehicles when carrying cargo. Transporting freight raises issues with the ability to secure supplies, deliver loads precisely, and reduce travel time. Cargo delivery, storage, and transport costs can all differ. Some goods are more expensive because they require more attention and protection.
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If sales are $425,000, variable costs are 62% of sales, and operating income is $50,000, what is the contribution margin ratio?
If sales are $425,000, variable costs are 62% of sales, and operating income is $50,000, then the contribution margin ratio is 38%
Contribution Margin = Fixed Costs + Net Income.
ratio: Contribution Margin Ratio = (Net Sales Revenue -Variable Costs ) / (Sales Revenue)
The revenue of a company less all variable costs, divided by the revenue, is the contribution margin ratio (CM ratio). It is an illustration of the marginal gain from generating an extra unit. The percentage difference between a company's sales and variable costs is known as the contribution margin ratio. The available funding for covering fixed costs is indicated by this ratio. The contribution margin ratio is a formula that determines, in percentage terms, the contribution margin's proportion to net sales (defined as sales less variable cost or fixed cost).
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essentials of marketing, 17e by william d. perrault, joseph cannon and e. jerome mccarthy, (mcgraw-hill, publisher).
The correct answer is :
The best examples of marketing are those when target consumer demands are met and marketing activities improve society, according to Perreault's Essentials of Marketing, 17e. Our useful, research-based offering, which continues to place an emphasis on marketing strategy planning, dates back to Jerry McCarthy's groundbreaking classification of the 4Ps of Marketing.
The best examples of marketing are those when target consumer demands are met and marketing activities improve society, according to Perreault's Essentials of Marketing, 17e.
Our useful, research-based offering, which continues to place an emphasis on marketing strategy planning, dates back to Jerry McCarthy's groundbreaking classification of the 4Ps of Marketing. This edition of Essentials of Marketing has hundreds of little modifications in addition to a few significant ones. The print, digital, and supplemental packages all reflect the numerous and significant changes to the marketing strategy and the market situation. Additionally, we include a few essential concepts in each iteration of Essentials of Marketing based on feedback from reviewers and market demands.
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In what part of a sales letter should a salesperson ask a customer to take action?
The 'call to action' part of a sales letter is typically reserved to solicit action from the customer.
What is the call to action part of a sales letter?A sales letter typically consists of various sub-parts, one of which is the call to action part of the sales letter which attempts to initiate action from the customer based on the offer/information presented at the onset of the letter. This section is important because it is the main goal of the letter. If the goal is reached, the customer would carry out the desired outcome.
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the authorizes the ftc to determine rules and regulations for consumer warranties and provides consumer access to redress, such as the class action suit.
Magnuson-Moss Warranty Act authorizes the FTC to determine rules and regulations for consumer warranties and provides consumer access to redress, such as the class action suit.
The Federal trade commission (FTC) works to save you fraudulent, misleading, and unfair enterprise practices. additionally, they offer records to assist purchasers spot, preventing, and avoiding scams and fraud.
The FTC enforces federal patron safety legal guidelines that save you fraud, deception, and unfair business enterprise practices. The commission moreover enforces federal antitrust legal guidelines that limit anticompetitive mergers and exceptional enterprise practices that could purpose better prices, fewer choices, or a good deal much less innovation.
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the right to safe products and to be informed by businesses that sell them are part of the bill of rights enacted in 1962 by president john f. kennedy. (one word)
The right to safe products and to be informed by businesses that sell them are part of the Consumer bill of rights enacted in 1962 by president john f. Kennedy.
Consumer Business Unit means all product lines and products developed by Innovus and acquired by the Company as a result of a merger and primarily as a result of a merger or primarily.
Direct-to-Consumer (DTC) or Business-to-Consumer (B2C) is a business model that sells products directly to customers, bypassing third-party distributors, wholesalers, or other intermediaries. Although direct-to-consumer sales are typically done online, direct-to-consumer brands may operate physical retail spaces to complement major e-commerce platforms with a click-and-mortar business model. You can also
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brook company plans to own and operate a storage rental facility. for the first month of operations, the company has the following transactions. 1. january 1 issue 10,000 shares of common stock in exchange for $30,000 in cash. 2. january 5 purchase land for $18,000. a note payable is signed for the full amount. 3. january 9 purchase storage container equipment for $7,800 cash. 4. january 12 hire three employees for $1,800 per month. 5. january 18 receive cash of $11,800 in rental fees for the current month. 6. january 23 purchase office supplies for $1,800 on account. 7. january 31 pay employees $5,400 for the first month's salaries.
The journal entries are as follows,
1st Jan
DR Cash $30,000
CR Common Stock $10,000
CR Stock Premium $20,000
What is journal entry?Journal entry is the double entry that is recorded by businesses to record the transactions of the business. The double entry or the journal entry records the double accounts effect. After posting of journal entries, the entries are then posted to T-account then this T- account helps preparing trial balance which then is used to prepare income statement and balance sheet.
5th Jan
DR Land $18,000
CR Notes Payable $18,000
9th Jan
DR Container equipment $7,800
CR Cash $7,800
12th Jan
Hiring employee would not require a journal entry.
18th Jan
DR Cash $11,800
CR Rental Income $11,800
23th Jan
DR Office supplies $1,800
CR Notes Payable $1,800
31st Jan
DR Salary expense $5,400
CR Cash $5,400
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The process of determining the present value of future cash flows in order to know their worth today is referred to as:______.
Calculating the present value of a cash flow or series of cash flows that will be received in the future is the process of discounting.
A value obtained in the future is converted to an equivalent value received right away through the process of discounting. Discounting determines this relative value, so a dollar received in 50 years may be worth less than a dollar received today. Using the aforementioned method, the discounting process assists an investor in estimating the investment's value in current dollars at the investor's desired rate of return. Due to the opportunity cost of spending money now and the desire to enjoy advantages now rather than in the future, discounting makes current costs and benefits more valuable than those that will occur in the future. A discount factor in financial modeling is a decimal number multiplied by a cash flow value to reduce it to its present value. As the effect of compounding the discount rate accumulates over time, the factor grows (i.e., the decimal value shrinks).
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analysis, formulation, and implementation are the pillars of research and knowledge about strategic management. this activity is important because a successful strategy results when managers perform these actions interdependently. for example, effective managers do not formulate strategy without thinking about how to implement it. likewise, while implementing strategy, they are simultaneously analyzing the need to adjust to changing circumstances.
The constant planning, monitoring, analysis, and assessment of all requirements that a company requires to accomplish its goals and objectives is known as strategic management. Organizations will have to reevaluate their success methods on a regular basis as a result of changes in the business environment. The strategic management process aids businesses in taking stock of their current condition, developing and implementing management plans, and evaluating their efficacy. There are five fundamental tactics for strategic management, and how they are implemented will vary based on the situation. On-site and mobile platforms both require strategic management.
The benefits of strategic management are typically seen as both financial and non-financial. A key duty of a board of directors is carried out via a strategic management process, which aids a business and its leadership in thinking about and making plans for the future. The organization's and its employees' direction is established by strategic management. Effective strategic management continuously prepares, monitors, and tests an organization's activities in contrast to static strategic plans, increasing operational effectiveness, market share, and profitability.
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Joe and fred are economists. Joe thinks that the wealthiest 10% of the us population should be taxed a rate higher than the rest of society because they can better afford it. Fred thinks that everyone should be taxed at the same rate because that is the fairest scenario and the wealthy should not be penalized for their success. In this example, joe and fred.
In this instance, joe and Fred have additional normative views about tax policy.
What is tax policy?A government's decision about what taxes to levy, how much to tax, and who to tax is known as its tax policy. Both macroeconomic and microeconomic factors are present. If a person earns $20,000 per year and spends $1,000 in consumer goods sales taxes, they pay 5% of their income in sales taxes. However, if they make $100,000 annually and pay the same $1,000 in sales taxes, this sum amounts to just 1% of their earnings. A tax's principal objective is to generate cash for governmental activities rather than to have an impact on people's daily lives and professional decisions. Economic expansion and effectiveness The economy's ability to produce should not be unnecessarily hindered or diminished by the tax system.
Hence the correct answer is b. have different normative views about tax policy.
The complete question is:
Joe and Fred are economists. Joe thinks that the wealthiest 10% of the US population should be taxed a rate higher than the rest of society because they can better afford it. Fred thinks that everyone should be taxed at the same rate because that is the fairest scenario and the wealthy should not be penalized for their success. In this example, Joe and Fred
a. disagree about the validity of a positive theory.
b. have different normative views about tax policy.
c. must both be incorrect because tax policy is never that simple.
d. None of the above is correct.
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Interest rates and bond prices are positively related.
a. true
b. false
Interest rates and bond prices are positively related.
FALSE
In finance and economics, hobby is price from a borrower or deposit-taking economic institution to a lender or depositor of an quantity above reimbursement of the predominant sum, at a specific charge. it's miles awesome from a rate which the borrower can also pay the lender or a few 0.33 birthday party.
Interest is the fee you pay to borrow money or the cost you charge to lend cash. hobby is most usually pondered as an annual percent of the quantity of a loan. This percentage is called the interest fee on the loan.
Interest is defined as the quantity of money paid for using a person else's cash. An instance of interest is the $20 that was earned this 12 months for your financial savings account.
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If an evaluator finds that the technical adequacy of a test is generally good, then?
If an evaluator finds that the technical adequacy of a test is generally good, then, The most crucial of the validity measures is construct validity.
What is adequacy ?Adequacy is the state of having sufficient quality or quantity to be accepted. Numerous studies indicate that there is valid grounds for concern over the sufficiency of the diet consumed by British youngsters. More adequacy synonyms include sufficiency, capability, competency, and suitability.
When we query if health care coverage, parking availability, or school funding are enough, we are essentially asking if they meet our needs. Although phrases like "His performance was adequate" actually mean "no better than acceptable," the term adequate denotes "enough" or "acceptable."
Basic and adequate refers to the bare minimum needed to satisfactorily address the identified disability-related need.
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lorena’s cart took out a loan from the bank today for $248,000. the loan requires lorena’s cart to make a special payment of $86,000 to the bank in 4 years and also make regular, fixed payments of x to the bank each year forever. the interest rate on the loan is 8.91 percent per year and the first regular, fixed annual payment of x will be made to the bank in 1 year. what is x, the amount of the regular, fixed annual payment?
How personal loans are repaid
You are responsible for paying interest and any other fees related with your personal loan in addition to the principal amount.
Principal: The sum borrowed and credited to your account.Interest is the fee the lender charges you for a loan. Your interest rate and paid upfront expenses, like as origination fees, are included in your annual percentage rate (APR). Your monthly payments won't fluctuate over the course of the loan because the majority of personal loans have fixed interest rates. Your credit score and credit history impact interest rates; the better your credit score, the cheaper your interest rate will be.
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allocated common costs are blank avoidable and/or relevant to a decision. multiple choice question. always sometimes
Allocated common costs are sometimes relevant to a decision
Cost allocation is the process by which organizations and people determine the expenses incurred by an activity and allocate them to the proper accounts. This makes it easier to decide how much money should be allocated to various company segments.
Various costs must be taken into account while allocating costs. They consist of:
1. fixed prices- No matter how many units of the production have been created or sold, these costs are constant.
2. variable expenses - These costs, which include the raw materials used to create products, are based on the volume of production or sales during a specific time period
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ticker services began operations in year 1 and holds long-term investments in available-for-sale debt securities. the year-end costs and fair values for its portfolio of these investments follow. portfolio of available-for-sale securities cost fair value december 31, year 1 $ 12,600 $ 16,500 december 31, year 2 17,900 26,100 december 31, year 3 21,300 32,600 december 31, year 4 15,300 20,600
The journal entries will be as follows:
31 December Year 1
Debit: Unrealised loss - equity $3,900
Credit: Fair value (FV) adjustment AFS (Long Term investment - LT) $3,900
31 December Year 2
Debit: FV adjustment - AFS (LT) $12,100
Credit: Unrealised loss - equity $3,900
Credit: Unrealised gain - equity $8,200
31 December Year 3
Debit: FV adjustment - AFS (LT) $3,100
Credit: Unrealised gain - equity $3,100
31 December Year 4
Debit: Unrealised gain - equity $11,300
Debit: Unrealised loss - equity $ 5,300
Credit: Fair value adjustment - AFS (LT) $16,600
31 December Year 1: Record FV of securities ($16,500 - $12,600) = $3,900 - FV loss
31 December Year 2 : Record FV of securities, FV adjustment - AFS (LT) = $26,100 - $17,900 = $8,200 net gain ($3,900 prior year loss + $8,200 current year gain)
31 December Year 3: Record FV of securities: FV adjustment - AFS (LT) - $32,600 - $21,300 = $11,300 net gain (current year gain $11,300 - $8,200 prior gain)
31 December Year 4 : Record FV of securities: FV adjustment - AFS (LT) = $20,600 - $15,300 = $5,300 net loss ($11,300 prior year gain + $5,300 current year loss)
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You are a manager of a u. S. Firm that plans on exporting a product that is designated as a dual use product and you need to have a u. S. Government approval before export can take place. What is the political motive behind this intervention?.
Government approval before export can take place. To preserve national securityTo is the political motive behind this intervention.
The Agreement Establishing the WTO recognizes the necessity for positive efforts to confirm that developing countries, and particularly people who are least-developed, share within the political motive growth of international trade.
Trade barriers include tariffs (taxes) on imports (and occasionally exports) and non-tariff barriers to trade like import quotas, subsidies to domestic industry, embargoes on trade with particular countries (usually for Perhaps the foremost common political argument for state intervention is that it's necessary for shielding jobs and industries from unfair foreign competition.
Competition is most frequently viewed as unfair when producers in an exporting country are subsidized by their government. Unwanted cultural influence during a nation can cause governments to dam imports that it believes are harmful. The Directorate General of Foreign Trade (DGFT) issued a Notification to the present effect today (Notification Link below).
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a website-hosting service charges businesses a onetime setup fee of $350 plus d dollars for each month. if a business owner paid $i,010 for the first 12 months, including the setup fee, what is the value of d ?
Value of D is $55
So first you would figure out 1010-350 to find out the cost just for those 12 months without to set up fee.
Then you would divide 12 by y 660 to see how much is the additional cost per month.
Additional cost approach the additional capital expenditure and/or the additional working fee or extra taxes or all as the case can be, which the Contractor has or could be required to incur and which has arisen as a result of alternate of Scope of work. sample 1Sample 2Sample three. based on 21 documents. 21.
What does no additional cost imply?
No additional cost carrier refers to those services which can be provided to the employees freed from tax by the employers, without incurring any extra price. Such offerings are presented both free of cost or upon a reduced price.
what's additional cost details in tally?
In many situations, more than one object is bought in which the expense incurred is charged as a lump-sum quantity. However, to provide an powerful price along with the price to every of the gadgets, additional cost of buy choice is used.
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in the completion of his/her duties to meet assigned and implied responsibilities, the facilities manager can be drawn into conflicting ethical requirements between what three entities?
The general manager or owner, the customers, and the employees are the three ethical requirements that can be drawn into conflicting facilities managers.
Who is the facilities manager?To ensure that workplace amenities satisfy the demands of the organization and its employees, facilities managers are in charge of their security, upkeep, and services. In essence, facility managers are in charge of all the services that support a company's or other organization's ability to function. Facilities management is a professional management discipline that focuses on providing logistical and other support services related to real estate as efficiently and effectively as possible. The need for facility officers is growing among businesses of all sizes. They support large organizations in controlling their facility costs and aid small businesses in making the most of their limited facility resources.
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On december 1, 2021, the company paid a local radio station $4,600 for 40 radio ads that were to be aired, 20 per month, throughout december and january. prepaid advertising was debited
If On August 31, 2021, Jamesway borrowed $60,000 from a local bank. A note was signed with principal and 8% interest to be paid on August 31, 2022. The necessary adjusting entries at its year-end of December 31, 2021. is: Debit Deferred Service Revenue $4,000, Credit Revenue $4,000.
Journal entriesDebit Deferred Service Revenue $4,000
Credit Revenue $4,000
(To record Revenue recognized)
Debit Advertisement Expense $2,300
Credit Prepaid Advertisement $2,300
($4,600/40×20)
(To record expense recognized)
Debit Employees Salaries $16,000
Credit Outstanding Employees Salaries $16,000
(To record expense and liability )
Debit Interest expense $1,600
Credit Interest Liability $1,600
[($60,000×8%) / 12× 4]
Therefore If On August 31, 2021, Jamesway borrowed $60,000 from a local bank. A note was signed with principal and 8% interest to be paid on August 31, 2022. The necessary adjusting entries at its year-end of December 31, 2021. is: Debit Deferred Service Revenue $4,000, Credit Revenue $4,000.
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The complete question is:
The Jamesway Corporation had the following situations on December 2021.On December 10, 2021, Jamesway received a $4,000 payment from a customer for services begun on that date and which were completed by December 31, 2021. Deferred service revenue was credited.On December 1, 2021, the company paid a local radio station $4,600 for 40 radio ads that were to be aired, 20 per month, throughout December and January. Prepaid advertising was debitedEmployee salaries for the month of December totaling $16,000 will be paid on January 7, 2022.On August 31, 2021, Jamesway borrowed $60,000 from a local bank. A note was signed with principal and 8% interest to be paid on August 31, 2022.Prepare the necessary adjusting entries at its year-end of December 31, 2021. No adjusting entries were recorded during the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
The target market for hadoop is small to medium companies using local area networks.
a. true
b. false
"The target market for Hadoop is small to medium companies using local area networks."
This statement is False.
A local area network (LAN) is a set of gadgets related collectively in a single bodily location, consisting of a building, workplace, or domestic. A LAN may be small or large, starting from a domestic community with one person to an organized community with heaps of customers and gadgets in a workplace or school.
A local area network is a pc community that interconnects computer systems inside a restricted location consisting of a residence, school, laboratory, college campus or workplace building. By contrast, an extensive location community now no longer handiest covers a bigger geographic distance, however additionally typically entails leased telecommunication circuits.
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the adjusting entry required when amounts previously recorded as deferred revenues are recognized includes a:multiple choice
The adjusting entry required when amounts previously recorded as deferred revenues are recognized includes a debit to a liability.
Revenue is the entire amount of profits generated with the aid of the sale of products or services related to the organization's number one operations. revenue, also called gross income, is regularly known as the "top line" as it sits on the top of the income statement. profits, or net income, is a business enterprise's overall earnings or earnings.
Regularly the term earnings are used in place of revenues. Examples of revenue debts include sales, service revenues, expenses Earned, interest revenue, and hobby income. revenue money owed is credited when offerings are finished/billed and therefore will typically have credit score balances.
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margot company purchases $100,000 face amount, 6% semi-annual bonds for $110,000 when the market interest rate is 5%. the journal entry to record the interest for the first 6-month period includes (select all that apply.) multiple select question. debit cash $2,750 debit cash $3,000 debit discount on bond investment $250 credit interest revenue $2,750 credit interest revenue $3,000 credit premium on bond investment $250
The journal entry to record the interest for the first 6-month period includes:
debit cash $3,000
credit interest revenue $2,750
credit premium on bond investment $250
Where the bonds issued at premium or discount?
The bond face value was $100,000, but were issued at $110,000 which means the issue price was $10,000 more than the face value, hence, at the end of each semiannual period we mean to record amortization of bond premium.
interest for the first 6-month period=issue price*market interest rate/2
issue price=$110,000
market interest rate=5%
interest for the first 6-month period=$110,000*5%/2
interest for the first 6-month period=$2,750
semiannual coupon payment=face value*coupon rate/2
semiannual coupon payment=$100,000*6%/2
semiannual coupon payment=$3,000
bond premium amortization=semiannual coupon-interest for the first 6-month period
bond premium amortization=$3,000-$2,750
bond premium amortization=$250
The appropriate journal entries is to debit cash with $3,000 such that the interest expense and premium bond investment are credited respectively
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you just won $50,000 on a scratch-off lottery ticket. you plan to save the money in a retirement account expected to return 6% per year. if you intend to retire in 45 years, how much are these lottery winnings expected to be worth when you retire?
The answer to this question is :
Amount won from the scratch-off lottery ticket : $50,000
Here, we know that we have a particular amount. Now, this money is saved into an account which gives 6% interest per year. That is, per year it will give an increment of 6% of the amount deposited. So, amount after one year in bank account will be: (6% of $50,000) + $50,000
We also know that the retirement is in 45 years.
Amount in the bank after 45 years will be: [(6% of $50,000) + $50,000]*45
We can calculate it as-
Total amount in the account after 45 years will be the (6% of 50,000 * 45) + $50,000
=) 6% of $50,000 = $3,000
=) $3,000 * 45 = $135,000
Total amount after 45 years in the account =) $135,000 + $50,000
=) $185,000/-
Hence, at the time of retirement the total amount in the account will be worth $185,000.
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you're trying to save to buy a new $207,000 ferrari. you have $57,000 today that can be invested at your bank. the bank pays 6.5 percent annual interest on its accounts. how long will it be before you have enough to buy the car? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
If we invest $57,000 in the bank today at a rate of 6.5%, it will take us 20.48 years to pay for a $207,000 Ferrari. We utilize the Future Value Formula while using 57,000 as the Present Value to determine how many years it will take to acquire a Ferrari.
[tex]FV =PV(1+r)^{n}[/tex] . Where,
Future value = 207000
Present Value = 57000
i = interest rate(i=r/100) = 6.5%
n = number of years
207000 = 57000(1+0.065)^n
207000/57000 = (1+0.065)^n
Applying logarithm on both sides
Log (207000/57000) = n Log (1+0.065)
Log (3.6316) = n Log (1.065)
1.29 = n (0.063)
n= 1.29/0.063 = 20.48
Number of years is 20.48
A sum of money is worth more now than it will be tomorrow, according to present value.
In other words, present value shows that money acquired today is more valuable than money received in the future.
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Pm role and product organizations differ based on company size, product focus and other differences?
Quick decision maker- a lot of decisions are to be made by the PM and theycannot afford to invest a lot of time on them.
What is decision maker?In psychology, making a decision—also known as making a decision in writing—is viewed as the cognitive process that results in the selection of a belief or a course of action from among a variety of possible alternative choices. It could be illogical and unreasonable at the same time. Decision-making is a sort of reasoning that is based on the decision-values, maker's preferences, and beliefs. Every process of decision-making ends with a decision, which may or may not result in action.
Decision-making research is also published under the area of problem solving, particularly in European psychology research.
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What are the two [2] primary reasons why businesses collect and store data over long periods of time?
Potential for new business initiatives ,regulations and compliance are the two primary reasons why businesses collect and store data over long periods of time. A primary sector business is any business that grows things or gathers materials from the land. Farming, mining, fishing, and oil extraction are all examples of primary sector enterprises.
Companies active in natural resource extraction and agriculture are represented. Secondary sector: Businesses engaged in manufacturing, building, and processing that produce items using resources received from main sector businesses. Primary sector are things obtained by the cultivation of raw resources without the use of a manufacturing process. Agriculture, fishing, mining, and forestry are all important primary product sectors.
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A written document that acts as a guidebook of marketing activities for the marketing manager is known as the _____. strategy document marketing plan vision statement mission statement
A written report that acts as a guidebook of advertising and marketing sports for the advertising manager is known as the Marketing Plan.
Marketing is the interest, set of establishments, and tactics for growing, communicating, turning in, and exchanging offerings that have fees for clients, clients, partners, and society at massive. advertising and marketing is the system of exploring, growing, and handing over prices to fulfill the needs of a goal marketplace in terms of products and services.
it is, quick, an motion taken to convey interest in an enterprise's services; they may be physical goods on the market or services presented. common examples of marketing at work include television commercials, billboards at the side of the street, and mag classified ads. it's known as the seven ps of advertising and consists of product, fee, promotion, place, human beings, process, and bodily evidence.
The key motive of marketing is to get people interested in the goods or offerings of a business enterprise. This takes place thru market evaluation, studies, and thinking of the interest of an enterprise's ideal customers and attracting them via messaging which might be instructional and useful to a business's target institution.
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