"Credits decrease assets and increase liabilities" is a true statement.
Accounts for assets typically contain debit balances. As a result, asset accounts are raised by debits and lowered by credits.
Accounts with liabilities have typical credit balances. As a result, debits raise liability accounts while credits lower them.
An entry's credit is always placed to the right of the entry. It increases debt, revenue, or equity accounts while decreasing asset or expenditure accounts. A credit increases the balance of a liability, equity, gain, or income account while decreasing the balance of an asset, loss, or cost account. Credits are entered on the right side of a diary entry.
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how does it benefit retailers when customers order products online but pick them up in the store? multiple choice question. it requires fewer allocation systems. it reduces the need to offer coupons. it allows for lower inventory levels. it leads to additional sales.
When the customers order products online but pick them up in the store, its benefits the retailers because it can leads to additional sales.
What is the meaning of Buy Online, Pick Up in Store?The phrase have the acronym "BOPIS" which stands for buy-online-pickup-in-store. The practice of offering this service has grown as shoppers are becoming too busy to browse items in-store and are more comfortable buying online.
Based on the trends, the Buy Online, Pick Up in Store allows the retailers to blend the online and in-store experience to engage with customers while offering a more convenient way to shop.
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An incoming mba student took placement exams in economics and mathematics. In economics, she scored and in math. The overall results on the economics exam had a mean of and a standard deviation of , while the mean math score was , with a standard deviation of. On which exam did she do better compared with the other students?.
In comparison to the other students, the prospective MBA student performed higher on the math exam.
She performed better on the Mathematics exam since her scores were 2.1 standard deviations higher in mathematics and 1.25 standard deviations higher than the mean in economics.
We have the following information to assess how many standard deviations she was from the mean in each subject:
= (Score - Mean)/Standard deviation
For economics;
= (85 - 75)/8 = 10/8 = 1.25 sd.
For Mathematics:
= (89 - 68)/10 = 21/10 = 2.1 sd.
In essence, her scores in Economics and Mathematics were 1.25 standard deviations and 2.1 standard deviations, respectively, above the mean.
She thus outperformed other kids in Mathematics.
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you have just won the state lottery and have two choices for collecting your winnings. you can collect $100,000 (option 1) today or receive $12,000 (option 2) per year for the next ten years. a financial analyst has told you that you can earn 5% on your investments. which option would you choose?
Option 2. Although you would only be receiving $12,000 per year, you would be earning 5% on your investment, which would compound over the ten years. This would result in a larger sum of money than if you had taken the lump sum of $100,000 today.
What is investment?
An investment is the purchase or item purchased with the intention of earning income or increasing in value. An rise in the value of an asset over time is referred to as appreciation. When a person buys a good as just an investment, the intention is not to eat the good but rather to use it to create wealth in the future. An investment is always the outlay of certain resource presently, hard work, money, or a resource the hope of a greater payoff later than what was initially put in. For example, an investor may buy a monetary asset now with the expectation that it will generate income in the future or that it will be sold at a higher price later for a profit.
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which of the following sources of emergency funds will have the least negative impact on your lifetime financial situation if the source is used to meet emergency expenses? question 4 options: taking money from your savings account. selling investment assets. borrowing money using a credit card. being unprepared for major car repairs, major medical expenses, and major home repairs.
The source is used to meet emergency expense - Taking money from your savings account
What is emergency expense?
An emergency expense is a savings account that is used in times of personal financial distress. Events such as job loss, illness, or a recession are instances of when many people would require the use of their emergency expense to survive. As a result, the primary goal of the fund is to cover unexpected emergency expenses. As a result, there is less need to borrow at high interest rates or use one's retirement funds. Many financial advisors believe that an emergency fund ought to be able to cover up to 3-6 months of total costs.
Therefore, the correct option is A
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key success factors are group of answer choices important characteristics of a company or its product that lead to success in an industry. similar to generic strategies. examples of defensive strategies. the economic characteristics of countries that lead to success.
Key success factor can be defined as Important characteristics of a company or its product that lead to success in an industry. Key success factor have important impact to the company.
Competitive emphasis or key success factors or also known as strategic posture can be defined as the important elements required for a company to compete in its target markets. Competitive emphasis or key success factors articulates what the company must do, and do well, to achieve the goals outlined in its strategic plan. There are several key of success for a company, such as user Involvement, Clear Business Objectives, Agile Process, Project Management Expertise, and many more.
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as a project manager of an agile project, you are verifying and validating individual deliverables and work packages so that a project phase can be closed. which process group do these activities fit into? verification and validation process group closing process group monitoring and controlling process group fit test for conformance to project requirements
As a project manager of an agile project, you are verifying and validating individual deliverables and work packages so that a project phase can be closed. These activities fit into verification and validation process.
It is important to develop the product correctly, check that it satisfies all declared quality requirements, and make sure it is what was described.
Verification is a method that is impartial. A thorough documentation of each quality criteria is necessary for accurate measurement and analysis. Verification guarantees that the product is of the highest caliber and free from errors. Although this procedure is entirely objective, it does not guarantee that the final product will satisfy consumer needs. This is where validation comes into play. Verifying that you have created the right product and that it complies with customer criteria is known as validation.
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At the end of the accounting period anderson company had $4,500 in accounts receivable and $500 in its allowance for doubtful accounts account. Based on this information the net realizable value of accounts receivable is?.
The net realizable value of accounts receivable will be $4000, considering the value of accounts receivable and allowance.
Given information:
Accounts receivable = $4,500
Allowance for doubtful accounts = $500
Net realizable value of accounts receivable = $4,500-$500 = $4000.
The balance of money owed to a company for products or services delivered or utilized that have not yet compensated for by clients is known as accounts receivable (AR). On the balance sheet, accounts receivable are listed as a current asset. Any amount of money that individuals owe for transactions they made using credit is known as AR. Usually accounts receivables are part of company's working capital.
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modern candy, a wholesaler, sold a crate of candy for $600 on account to a customer with credit terms of 3/20, n/60. if the customer pays within the discount period, how much cash will modern candy receive when it is paid? multiple
The credit terms 3/20, n/60 means that the buyer will be given a 3% discount if they settle their invoice in 20 days. If not, the invoice is due in full within 60 days. This gives customers 3% off of the invoice cost if they produce early which is very useful.
customer pays within the discount period , payble amount is $.582.
What do credit terms of 4/10 N 30 mean in regard to a purchase?n/30" states that if the shopper does not pay the (full) invoice amount within the 10 days to permit for the discount, then the net payment is due within 30 days after the sales invoice date.The credit terms 3/20, n/60 means that the buyer will be given a 3% discount if they settle their invoice in 20 days. If not, the invoice is due in full within 60 days. This gives customers 3% off of the invoice cost if they produce early which is very useful.When products inventory is purchased with credit terms of 2/10, n/60, the credit period is 60 days from date of the invoice. An checklist system in which the business has up-to-date data as to the amount of goods on hand is called a periodic inventory system.To learn more about : periodic inventory system.
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Which two content strategies did beauty brand clinique leverage to launch an exclusive 7-piece travel-sized kit when their almost lipstick in black honey surged in 2021?.
The two content strategies that the brand Cliniqu used to be able to get their presence known when they launched in 2021 was:
They had a partnership with inst/a/gramThey also used ads as a way of creating strategies.What is a content strategy?This is the term that is used to refer to the ways that a business would be able to get the people that they would want to have as a consumer base to see the product that they have.
It is a way of getting people to but their goods through the use of advertising. Inst/a/gram was one of the media that they partnered with for this.
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an advantage of a partnership compared to a sole proprietorship is that a partnership multiple choice question. is simpler than other forms of organization. is cheaper than other forms of organization. is less complex than other forms of organization. is able to raise larger amounts of capital.
A partnership is a simpler form of organization than a sole proprietorship. A partnership is cheaper to form than a corporation, and it is less complex than a corporation. A partnership is able to raise larger amounts of capital than a sole proprietorship.
What is partnership?
A partnership is an agreement in which two or more people, known as business partners, agree to work together to further their shared interests. Individuals, businesses, interest-based organisations, schools, governments, or combinations can form partnerships. Organizations may collaborate to raise the chances of each completing their objective and to broaden their influence. A partnership may result in the issuance and holding of equity or it may be regulated solely by a contract.
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Felice is injured when a can of ground-up explodes into flames. Herbicides inc. Manufactured the ground-up. Under product liability laws, felice’s options include?.
Felice is injured when a can of Ground-Up explodes into flames. Herbicides Inc. manufactured the Ground-Up. Under product liability laws, Felice's options include suing Herbicides Inc.
This poisonous herbicide comes with recognized health risks, however, it is still getting used on crops, in parks, and maybe even on your personal outdoors.
Herbicides can cause deleterious results on organisms and human fitness, both through their direct and indirect motion. Among the organic outcomes of these chemical compounds, it may be stated genetic damage, numerous physiological alterations, or even death of the organisms exposed.
Glyphosate is an extensive-spectrum herbicide that is absorbed by way of plant leaves and is systemic (translocated) within the plant. Nearly all herbaceous flowers and maximum woody vegetation are susceptible to glyphosate, which inhibits the synthesis of 3 amino acids vital for plant boom.
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james, age 8, understands that a dollar changed into 4 quarters is still a dollar. this means that james has achieved the cognitive milestone of .
That james has achieved the cognitive milestone of reversibility.
The ability of a sensor to recover, or return to its original background/baseline condition, after exposure to an analyte is referred to as reversibility.
What is reversibility ?A mental process that reverses a series of events or returns a changed state of affairs to its original state. The ability to recognise that a glass of milk poured into a bottle can be poured back into the glass and remain unchanged exemplifies it.
The third stage in Piaget's theory of cognitive development is known as the Concrete Operational stage. The child's use of logical thinking increases during this stage, which lasts from 7 to 12 years. One of the critical processes that emerges is reversibility, which refers to the ability to recognise that numbers or objects can be changed and returned to their original state.
Cognitive development refers to how children think, explore, and solve problems. It is the development of knowledge, skills, problem solving, and dispositions that enables children to think about and comprehend their surroundings. Cognitive development includes brain development.
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you are considering the risk return profile of two mutual funds for investment. the relatively risky fund (fund a) promises an expected return of 8% with a standard deviation of 14%. the relatively less risky fund (fund b) promises an expected return and standard deviation of 4% and 5%, respectively. assume that the returns are approximately normally distributed. which mutual fund has a higher probability of earning a return above 8%? it is expected that you can answer this question without calculations using a picture only.
The relatively risky fund should be chosen.
In a set with mean μ and standard deviation σ, the z-score of a measure X is given by:
Z = X - μ / σ
The Z-score measures how many standard deviations the measure is from the mean. After finding the z-score, we look at the z-score table and find the p-value associated with this z-score. This p -values is the probability that the values of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value we get the probability that the value of the measure is greater than X.
Now, to find the probability of earning a return above 8%,
We should pick whichever fund has a higher probability of earning a return above 8%.
This Probability is 1 subtracted by the p-value of Z when X = 8
μ = 8 and σ = 14
Z = X - μ / σ
Z = 8 - 8 /14
Z = 0
The p-value of Z = 0 is 0.5
1 - 0.5 = 0.5
50% probability of earning a return above 8%
The riskier fund has the higher probability, so it should be chosen.
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magine a north carolina farmer has two parcels of land that he can use for crop production. the first parcel is not currently in production but the second one is. in response to a new federal climate change law the farmer decides to enroll his second parcel in an offset program that allows him to sell carbon credits to polluting firms at a profit. at the same time, he decides to return his first parcel into production. this type of behavior represents the well-known concern with offset programs that is referred to as: select one: a. additionality. b. permanence. c. leakage. d. slippage.
An appropriate choice is option (d). This kind of conduct exemplifies the well-known issue with offset schemes known as slippage.
What does trading slippage mean?Slippage is the difference between an order's anticipated price and the price at which it is executed. Slippage can happen at any time, but it is most common when market orders are employed and there is greater volatility.
Affects price slippage?Price effect, as opposed to price slippage, is the price change directly brought about by your trade. Price slippage refers to the change in price brought about by external broad market movements (unrelated to your trade).
How does slippage happen?Liquidity refers to the speed at which an asset may be bought and sold without affecting its price, and it is what determines how much slippage occurs. Therefore, the slippage % will be larger when there is less market activity or liquidity for a particular asset.
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employers rarely use benefits as tools for attracting and retaining employees because employees generally lack a complete understanding of the benefits provided by their employers. question 11 options: true false
Because employees typically do not lack a thorough understanding of the benefits offered by their employers, employers rarely use benefits as strategies for luring and keeping personnel. Hence, the given statement is false.
Who are the employees?A person who is compensated for their time and labor is an employee. To be considered an employee, a person or organization must pay its workers for their labor. This means that workers do not necessarily need to work full-time.
Employees are people who have been engaged by an employer—a person or company—to carry out tasks on their behalf. According to the IRS, if the employer has any control over the work that is done, then the person is deemed an employee.
Therefore, the given statement is false.
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nomar is considering the purchase of an $18,000 car. he plans finance 80% of the value of the car (he will put down 20% at the time of purchase) and is offered five-year financing at 7%. what will be his monthly payment if financed with a 7% simple interest installment loan?
The formula to calculate periodic loan payment amounts is
(P * r * (1+r)n)/((1+r)n-1)
Where P is the principal Amount
R is the periodic interest rate
n is the number of periods
Given that the interest rate is 7%
Now monthly interest rate is ( 1.07)1/12 -1
= 1.00565415 -1
= 0.00565415
Or we can say that the interest rate is 0.565415%
Given that the amount borrowed is 80% * 18000 = 14,400
Number of months = 5 *12 = 60 Months
Therefore 14,400 * 0.00565415 * ( 1.00565415)60/(( 1.00565415)60 -1)
= 14,400 * 0.00565415 * 3.48415277
= $283.6786
Therefore the monthly installment amount is $283.6786
A set-rate charge is an installment mortgage with an interest rate that can't be modified throughout the life of the loan. The fee quantity will also continue to be identical, although the proportions that cross closer to paying off the interest and paying off the primary will vary.
Divide your interest fee by using the wide variety of payments you may make that yr. If you have a 6 percent interest charge and you are making monthly bills, you would divide 0.06 with the aid of 12 to get zero. Half. Multiply that variety by using your closing loan balance to discover how a whole lot you may pay in a hobby that month.
A $500,000 annuity would pay you $1916 hobby in line per month. If you allow your annuity hobby to build up and make a withdrawal yearly a $500,000 annuity could pay $23,491 according to 12 months. You may evaluate ultra-modern maximum fixed annuity prices here.
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mara has worked in her company's office for many years and over time has learned who the best people are to talk to when certain issues arise. what type of knowledge does this represent?
As Mara has learned who the best people are to talk to when certain issues arise, she has tacit of knowledge.
We can describe tacit knowledge as the type of information or knowledge that someone gets by gaining experience. Such a type of knowledge is usually difficult to express and it is just something that you know over the years.
In the case mentioned in the question, Mara knows which people in a company to talk to for which type of issue because she has worked for a long time in the company. Hence, this represents tacit of knowledge.
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natural monopolies pose a particular problem for policymakers because the natural monopolist is able to achieve multiple choice question. higher costs of production than multiple competing producers would. lower profits than multiple competing producers would. lower costs of production than multiple competing producers would. greater output than multiple competing producers would.
When average costs are decreasing across the range of output necessary to meet market demand, a natural monopoly develops. This frequently occurs when fixed costs are significantly higher than variable costs.
What is a natural monopoly, and how can it be controlled by the government?
A business with a natural monopoly may be the exclusive supplier of a good or service in a given sector or region. Natural monopolies are permitted when one firm can provide a good or service for less money than any potential rival, but they are frequently very tightly controlled to safeguard consumers.
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ppw co. leased a portion of its store to another company for eight months beginning on october 1, 20018, at a monthly rate of $800. this other company paid the entire $6,400 cash on october 1, which ppw co. recorded as unearned revenue. the journal entry made by ppw co. at year- end on december 31, 2018 would include:
The journal entry made by ppw co. at year- end on December 31, 2018 would include: 2400 DOLLARS
What is journal entry?
A diary entry is the expression of recording any transaction, whether one that is economic or not. An accounting publication that displays the debit and credit account balance of a company lists transactions. Multiple sound, that are each either one debit or a credit, may be included in the journal entry. The total of a debits and credits must be equal in order for the journal entry to be considered balanced. Depreciation or bond amortisation are examples of recurring items that can be recorded in journal entries. Accounts payable typically has a separate subledger that indirectly influence the overall ledger, and journal entries are typically entered using a different module in accounting software. As a result, general ledger account balances are changed directly by journal entries.
=$800.00 X3 =2400 DOLLARS
RENT EARNED = 2400 DOLLARS
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you have just won the lottery! you can either receive $6,500 a year for 20 years or $100,000 as a lump sum payment today. what is the interest rate on the annuity option?
2.64 percent is the interest rate on the annuity option.
Describe annuity rate.
What is a rate of annuity?
The amount of income that will be paid after investing a lump sum in an annuity is determined using an annuity rate. If your pension agreement contains a guaranteed annuity rate, your provider is required to provide you with that minimum annuity income when you retire. Because the monthly payment is based solely on the annuitant's life, the life option often offers the greatest payout. This choice offers a lifetime income stream, serving as a strong safeguard against outliving your retirement savings. The four annuity types are:
Lifetime guaranteed annuities: This choice.
The tax-deferred choice is deferred annuities.
Fixed annuities: The option with lesser risk.
Variable annuities: The highest upside option
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assume that a u.s. firm can invest funds for one year in the united states at 12 percent or invest funds in mexico at 14 percent. the spot rate of the peso is $.10 while the one-year forward rate of the peso is $.10. if u.s. firms attempt to use covered interest arbitrage, what forces should occur? group of answer choices
Invest funds - forces should occur spot rate of peso increases; forward rate of peso decreases.
What is investment funds?
An investment fund is a pool of funds from multiple investors that is used to buy securities collectively while each investor retains control and ownership of his or her individual shares. An investment fund offers a bigger range of investment choices, more management skills, and lower investment fees than individual investors could acquire. Mutual funds, marketplace funds, money markets, and hedge funds are all examples of investment funds. Individual investors do not make judgments about how a fund's assets must be allocated when they invest in investment funds. They just select a fund depending on its objectives, risk, fees, and other considerations.
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listed below are selected rules of conduct and ethical problems. match the rule with the problem to which it applies. (one rule of conduct may apply to more than one ethical problem.) rules a. independence b. integrity and objectivity c. general standards d. compliance with standards e. accounting principles f. contingent fees g. acts discreditable h. advertising and other forms of solicitation i. commissions and referral fees j. form or practice and name
Though your question is incomplete, I hope you have the second part of the question where the following ethical problems must be answered:
1. If an audit client owes the CPA past-due audit fees, the rule of conduct that must be applied is F. Contingent Fees
2. If there is a member that violates rules issued by the Accounting and Review Services Committee, then it's G. Acts Discreditable.
3. If the CPA accepts a percentage of the client's loan as an audit fee, then it must be I. Commissions and Referral Fees
4. If a CPA robs a service station, then it's D. Compliance with Standards
5. If auditors fail to qualify their opinion on financial statements that do not properly apply FASB standards, the it has to be E. Accounting Principles
Ethical problems related to accounting and auditing of a business can be solved by Rule of Conduct. There are codes, rules and regulations that must be followed to regulate companies and to avoid losses, frauds, as well as other criminal deeds like money-laundering and embezzlement.
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Listed below are selected Rules of Conduct and ethical problems. Match the rule with the problem to which it applies.
(One Rule of Conduct may apply to more than one ethical problem.)
Rules:
A. Independence
B. Integrity and objectivity
C. General standards
D. Compliance with standards
E. Accounting principles
F. Contingent fees
G. Acts discreditable
H. Advertising and other forms of solicitation
I. Commissions and referral fees
J. Form or practice and name
Rules:
1. An audit client owes the CPA past-due audit fees.
2. A member violates rules issued by the Accounting and Review Services Committee.
3. A CPA accepts a percentage of the client's loan as an audit fee.
4. A CPA robs a service station.
5. The auditors fail to qualify their opinion on financial statements that do not properly apply FASB standards.
financial information is presented below: operating expenses $ 45,000 sales returns and allowances 3,000 sales discounts 7,000 sales revenue 160,000 cost of goods sold 96,000 the profit margin would be
The profit margin would be =0.36
The required details about profit margin is mentioned in below paragraph.
Profit margin is the difference between your company's total operating expenses and its total revenue. The more money your company keeps, the larger your profit margin will be. One of the often used profitability statistics to determine how profitable a business or line of business is is profit margin. It displays the proportion of sales that have generated profits. Simply put, the percentage value represents the amount of profit the company made on each dollar of sales. For instance, if a company states that it had a 35% profit margin during the most recent quarter, that translates to $0.35 in net income for every $1 in sales.
Net Sales=Sales revenue-Sales returns and allowances-Sales discounts
=160,000-3000-7000
=$150,000
Gross profit=Net Sales-Cost of goods sold
=(150,000-96,000)
=$54000
Gross profit rate=Gross profit/Net Sales
=$54,000/$150,000
=0.36
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________ is a form of distribution aimed at having a product available in every outlet where target customers might want to buy it.
Intensive distribution is a method of product distribution that aims to make a product available in every store where potential buyers might look to buy it.
By utilizing all possible outlets, intensive distribution strives to provide saturation coverage of the market. Total sales are frequently linked to the number of outlets used (e.g., cigarettes, beer). A corporation may use an intensive distribution marketing plan to try to sell its goods from a small vendor to a large retailer. Selling more products is intensive distribution's main objective. By utilizing all accessible outlets, intensive distribution aims to provide saturation coverage of the market .The focus on consumer convenience is typically what motivates this strategy. For example, items like a bag of chips or a Coke must be easily available for people to purchase them.
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Mike owns swibel trucking, a successful trucking business, as a sole proprietor. After many successful years in business, one night he decides he wants to change his business to a partnership so that he can share the burden and devote more time to pursue his hobby of duck watching full time. What steps must he take to change the type of business entity to a partnership?.
None as a sole proprietor can convert to another business form at the proprietor's will.
A sole proprietor is a person who owns an unincorporated business by means of himself or herself. But, in case you are the only member of a home restricted liability business enterprise (LLC), you aren't a sole proprietor if you pick to deal with the LLC as an agency.
A self-employed person really means the character works for him or herself. It is just a business term. A sole proprietor refers to someone who owns an enterprise by themselves. A sole proprietor does now not work for a business enterprise like a conventional worker.
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green inc. uses the following activity rates from its activity-based costing to assign overhead costs to products: activity rate setting up batches $59.06 per batch processing customer orders $72.66 per customer order assembling products $3.75 per assembly hour data concerning two products appear below: product a product b number of batches 84 50 number of customer orders 32 43 number of assembly hours 483 890 how much overhead cost would be assigned to product a using the activity-based costing system? group of answer choices $9,097.41 $4,961.04 $135.47 $81,146.53
A costing system is designed to monitor a business's expenses. The system consists of many forms, processes, checks, and reports that are designed to collect and present management with financial data.
Explain about the costing system?Any system for allocating expenses to a business component is known as costing. Costing is frequently used to establish expenses for customers, distribution channels, personnel, regions, goods, product lines, processes, subsidiaries, and whole businesses.
Process costing, job costing, direct costing, and throughput costing are the primary costing techniques accessible. Each of these approaches can be used in various production and decision-making situations.
Costing is necessary to make sure that all costs are met and that the group decides on a price that will result in a profit. Finding ALL of a company's costs, including manufacturing, sales, administration, overhead, etc., is the first and most crucial stage. Following that, costs are separated into fixed and variable costs.
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an investor sells 100 shares short at $43. the sale requires a margin deposit equal to 60 percent of the proceeds of the sale. if the investor closes the position at $49, what was the percentage earned or lost on the investment? if the position had been closed when the price of the stock was $27, what would have been the percent earned or lost on the position?
The percentage lost on the position will be equal to 23.2%.
Investment may be defined as any asset that is made by an individual or an organization in the hope that it will prove beneficial in future. An investment can be in form of cash, deposits, gold or real estate. The individual investing the assets is known as Investor. According to the question the shares are sold at
$43 X 100 = $4,300 and
the Margin requirement = 0.6 x $4,300 = $2,580
Now, further when the price of the stock rises to $49, the investor loses $4,900 - $4,300 = $600
Therefore, the percentage lost on the invested funds is given as
($600)/$2,580 = 23.2%
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the global solution to the global-local dilemma refers to group of answer choices customization of products to regional but not country differences. responding to differences in the global markets in which a company operates. none of the above conducting business similarly around the world.
The global solution to the global-local dilemma refers to conducting business similarly around the world.
Multinational Corporations or MNC's are setup in different parts of different countries in order to maintain a balance in trade and also to promote the varieties in goods and services offered. MNC's face many challenges within a particular country. There is a constant demand for certain goods or services by consumers and the MNC's need to maintain enough surplus of that particular commodity in order to fulfill the needs of the people. This is called as Global-local dilemma. The services provided by them are according to the needs of people. The solution to this problem of global-local dilemma is known as Global solution which includes maintaining and providing better quality and quantity of goods and services.
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Complete Question:
The global solution to the global-local dilemma refers to
a. Conducting business similarly around the world.
b. Responding to differences in the global markets in which a company operates.
c. Customization of products to regional but not country differences.
d. None of the above
for the year ending december 31, orion, inc. mistakenly omitted adjusting entries for $1,500 of supplies that were used, (2) unearned revenue of $4,200 that was earned, and (3) insurance of $5,000 that expired. for the year ending december 31, what is the effect of these errors on revenues, expenses, and net income? a.revenues are overstated by $4,200. b.expenses are understated by $3,500. c.net income is overstated by $2,300. d.expenses are overstated by $6,500.
The effect of these errors on revenues, expenses, and net income as follows:
net income is overstated by $ 2300
[Unrecorded expense = supplies expense + insurance
= 1500 + 5000 = 6500]
[Unrecorded revenue = 4200
so net impact on net income = Revenue -expense
=4200 - 6500
= - 2300
since expense exceed revenue, it means we have debit) 2300 more in income statement, so lower expenses mean higher income.
Effect of expenses on Trading and Profit account in the long run impact the Balance-Sheet of an agency too, because decreased earnings or extra earnings in the long run transferred to capital account, that is part of the Balance Sheet.
Accounting mistakes can be minor or substantial. Either way, they are able to have extreme consequences: Incorrect profits reporting. Incorrect fee reporting can distort an agency's computed running earnings margins or ought to bring about over-reporting of net income.
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price discrimination will result in consumers with more elastic demand purchasing more of the good than when a single price is charged to all consumers in the market. group startstrue or false
This is because in the Elastic Demand the change in price causes a large change in quantity demanded.
What is Elastic Demand?
An Elastic Demand experiences a significant shift in quantity demanded as a result of a price adjustment. When the amount sought changes little as a result of a price adjustment, the demand is said to be inelastic. The formula for calculating demand's elasticity is (Q1 - Q2) / (Q1 + Q2).
What are the factors affecting elasticity of demand?
The four factors that affect elasticity of demand are:
(1) availability of substitutes
(2) if the good is a luxury or a necessity
(3) the proportion of income spent on the good
(4) how much time has elapsed since the time the price changed.
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