Organizing current liabilities based on maturity is the recommended approach for financial reporting.
no, listing current liabilities in alphabetical order is not appropriate.
current liabilities should be listed in order of their maturity, from shortest to longest, to reflect their respective payment due dates.
This arrangement provides useful information to financial statement users, such as creditors and investors, who need to assess the company's short-term obligations and liquidity position. alphabetical order does not convey this crucial information and may obscure the priority and urgency of payment obligations. it is essential to present financial information in a manner that accurately represents the underlying financial reality and assists users in making informed decisions. no, listing current liabilities in alphabetical order is not appropriate.
the purpose of financial statements is to provide users with relevant and meaningful information about a company's financial position. when it comes to current liabilities, the order of listing should reflect their relative importance and urgency of payment. organizing them in alphabetical order does not convey this critical aspect.
arranging current liabilities by maturity is preferred because it helps users understand which obligations are due for payment in the near term. this order allows readers to assess the company's ability to meet its short-term obligations and manage its cash flow effectively. it provides insights into the company's liquidity and financial health.
by listing current liabilities based on maturity, financial statement users can easily identify which liabilities require immediate attention and which can be addressed later. this ordering assists in decision-making processes, such as evaluating a company's ability to pay its debts on time and assessing its short-term liquidity position.
in summary, arranging current liabilities in alphabetical order does not provide the necessary information for users to assess the company's financial position accurately. maturity-based ordering is crucial in conveying the timing and urgency of payment obligations, facilitating informed decision-making.
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Question 10 of 20
What is the difference between a market economy and a command
economy?
A. A market economy is determined by central authority and a
command economy is determined by consumers,
B. A market economy is determined by consumers while a command
economy is determined by both consumers and central authority
C. A market economy is determined by both central authority and
consumers while a command economy is determined by only
consumers
D. A market economy is determined by consumers and a command
economy is determined by central authority,
What are customer needs?
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
can pottery be a job?? what would i major in for that…
Answer:
Yes, pottery can be a job. You would need a degree in ceramics to get a lasting job in pottery
Explanation:
If a firm hires a currently unemployed worker, the opportunity cost of utilizing the worker's services is zero. This statement is A. false because the worker's new wages are an implicit cost. B. false because the worker's time otherwise spent in unpaid household work has value. C. true because the worker's time otherwise has no value. D. false because the worker's time otherwise spent in leisure activities has no value. E. true because the worker's new wages are a sunk cost.
Answer:
B. false because the worker's time otherwise spent in unpaid household work has value.
Explanation:
In the situation it is mentioned that the firm is presently unemployed workers also the opportunity cost should be zero with respect to the service of the worker so it should be false as the time of the workers rather spending in non-paid household work contains the value
So as per the given situation, the option b is correct
You earn $50,000 per year, and paid 10 percent in taxes this year. The government increased the tax rate to 20 percent for next
year. Which amount will you pay in taxes next year?
A) $1,000
B) $2.000
C) $5,000
D) $10.000
Answer:
D. $10,000
Explanation:
The answer is D because as you earn $50,000 every year, and for the next year the tax rate is 20%, 20% of $50,000 is $10,000. Hope it helps!
Which of these e-commerce job roles could most likely be performed remotely from home or even from another country?
a. Operations manager
b. Web developer
c. Hand picker
d. Truck driver
The e-commerce job role that could most likely be performed remotely from home or even from another country is b. Web Developer.
A web developer is responsible for designing, coding, and modifying websites, ensuring their functionality and user-friendliness. Since most of their tasks involve working online and do not require physical presence, web developers can work remotely from any location with a stable internet connection. They can easily communicate with their team members and clients through video conferencing, email, and other digital communication tools. This flexibility is one of the advantages of working in the e-commerce industry.
In contrast, the other roles listed (a. Operations Manager, c. Hand Picker, and d. Truck Driver) typically involve tasks that require physical presence and interaction with people or products. Operations managers oversee the daily activities of an e-commerce business, and while some tasks may be performed remotely, their presence is often required to manage employees and ensure smooth operations. Hand pickers are responsible for selecting and packing items for shipment, which requires being on-site at a warehouse or distribution center. Similarly, truck drivers transport goods and products between locations and must be present to drive the vehicles.
In conclusion, out of the four e-commerce job roles presented, the role of a web developer is most likely to be performed remotely from home or another country due to the nature of their work and the tools available for remote collaboration. Therefore answer is b. Web Developer.
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an auditor assesses the risk of material misstatement because it
An auditor assesses the risk of material misstatement because it is a fundamental part of the audit process. The risk of material misstatement refers to the likelihood that the financial statements contain errors or omissions that could significantly impact the users' understanding of the financial position, performance, and cash flows of the audited entity.
There are two primary types of risk that auditors consider:
Inherent Risk: This is the susceptibility of the financial statements to material misstatement, regardless of the controls in place. Inherent risk is influenced by various factors such as the complexity of transactions, industry-specific risks, and the entity's internal control environment.
Control Risk: This refers to the risk that the entity's internal controls will not effectively prevent or detect material misstatements. Control risk is assessed by evaluating the design and implementation of internal controls and their effectiveness in mitigating inherent risks.
By assessing the risk of material misstatement, auditors can determine the nature, extent, and timing of their audit procedures. They focus their efforts on areas with higher inherent and control risks, conducting tests and gathering evidence to provide reasonable assurance that the financial statements are free from material misstatement.
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If you want to take advantage of compound interest, what should you do when an investment produces interest?
A. Use the interest to pay your bills.
B. Reinvest the interest.
C. Put the interest in a savings account.
D. Put the interest in a checking account.
Answer: B. Reinvest the interest.
Explanation: Although the rest of the options seem valid, the best option you have is to reinvest the interest. You'll ultimately make more using the side cash you've received. Also, it's correct on Edge.
I hope this helped!
Good luck <3
The best choice you have is to reinvest the interest, Using the extra money you've been given, you'll ultimately make more money. On Edge, it is accurate as well. Hence option B is correct .
What is Compound Interest ?The yearly interest rate is raised to the number of compound periods minus one, and the starting principal amount is multiplied by both of these factors. The resulting value is subsequently deducted from the loan's entire original amount.
Formulas for Compound Interest
Formula for Monthly Compound Interest. Twelve times a year are used to calculate interest that is compounded monthly.
Formula for Quarterly Compounding. Four times a year are used to calculate interest that is compounded quarterly.
Formula for Daily Compound Interest. compute interest in daily basis
Formula for Annual Compound Interest interest will be compute once in a year.
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If the indian government unexpectedly announces that it will be imposing higher tariffs on foreign goods one year from now, what will happen to the value of the indian rupee today? explain
If the Indian government unexpectedly announces that it will be imposing higher tariffs on foreign goods one year from now, it will strengthen the Indian rupee value.
If the Indian government unexpectedly announces that it will be imposing higher tariffs on foreign goods one year from now, what will happen to the value of the Indian rupee today? explain
Currency appreciation in the forex markets refers to the rise in the value of one currency in comparison to another.
The following suggestions for the currency and the whole economy would be made if India were to apply unexpectedly high tariffs on unfamiliar goods:
Taxes will increase the value of trade currency if they have a beneficial effect on the trade balance. The nation that is bringing them in could, however, respond in kind.The currency's value will decrease if a lot of goods utilize naturally occurring imports that are now much more expensive.The value of the Indian rupee will increase. Taxes will be imposed, which will increase the rupee's typical future exchange rate and consequently its typical appreciation. The interest rate on assets denominated in rupees will increase as a result, shifting the interest curve to one side and increasing the exchange rate of the rupee in tandem.
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On november 8th, the u. S. Will vote in its next midterm elections. Of the 435 members of the u. S. House of representatives, how many of them will be up for election this year?.
House of Representatives, as well as 35 U.S. Senate seats, 36 state governorships, and numerous other state and local offices will be up for election this year.
Elections for the US House of Representatives in 2022 will take place on November 8th. Five non-voting delegates from the District of Columbia and four of the five inhabited U.S. territories will also be elected, in addition to members from each of the 435 congressional districts in each of the 50 U.S. states. This date will also be used for a number of other national, state, and municipal elections, including the 2022 Senate elections. The 118th United States Congress will be composed of the election's victors, whose seats will be distributed among the states in accordance with the results of the 2020 census. As a consequence of their 235 seat victory in the 2018 elections, Democrats have enjoyed a majority in the House of Representatives since January 3, 2019.
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Which of the following creates a hazard for accidents in the kitchen?
a
Using a single door to enter and exit the kitchen area
b
Holding containers of liquid close to the body with both hands
c
Limiting the number of items that can be placed in bussing containers
d
Having windows on swinging doors
Answer:
the first condition
Explanation:
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which of the following is true about eating at work
Answer:
It can make you distracted
Explanation:
The true statement about eating at work includes:
eating Food preparation area can cause contaminationyou should never eat while at workWhy is eating prohibit at work hours?In some firm, it is prohibited because it can causes distraction to others.
Hence, the true statement about eating at work includes eating Food preparation area can cause contamination and you should never eat while at work.
Therefore, the Option A & D is correct.
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How many programs does GA technology have related to stem programs
GA Technology currently offers four STEM programs: Code & Design, Web Development, Data Science, and UX Design.
What are programs?Generally, Programs are sets of instructions that tell a computer what to do. They are written in programming languages such as C, C++, Java, Python, Ruby, and HTML. These instructions tell the computer how to perform tasks such as displaying output, manipulating data, and interacting with users. Programs are used to create applications, websites, and other software.
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where does McKenna grace live? Brainliest for the correct answer
Answer:
McKenna grace lives in Texas of America.
Which of the following communications must be reviewed and approved by a principal before it can be used? A) An internal memo to be sent to registered representatives describing a new sales technique B) Promotional material to be sent only to mutual funds and insurance companies C) A letter to be sent to all customers reminding them of a change in the tax laws D) A letter to be sent this week to 30 existing customers recommending a new service being offered by the firm
Answer: I'm thinking C, but I cant find any evidence to help support it all to much. I looked up the answers and everything and no one knows, i'm sorry if I wasn't of any help
Good luck
The communications that must be reviewed and approved by a principal before they can be used are an internal memo to be sent to registered representatives describing a new sales technique, a letter to be sent to all customers and a letter to be sent this week to 30 existing customers recommending a new service. The correct options are a, c, and d.
An internal memo to be sent to registered representatives: Since this letter involves instructing staff members on sales practices, it should be examined and authorized by a principal. All clients are to get a letter informing them of an alteration to the tax laws: A principal should evaluate and approve this letter to make sure that it contains accurate, understandable information that complies with applicable tax regulations.
30 current clients will receive a letter this week proposing a new service the business is offering. A principal should also examine and approve this communication. Even though it is directed towards a certain consumer segment, it is still crucial for a principal to check it to make sure the information is correct, pertinent, and compliant with the company's marketing and advertising standards.
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What is an appraisal? Why is it usually included in the closing costs for buying a home?
The procedure through which a real estate evaluator attempts to discover the fair market value of a home is called a home appraisal. They are frequently used to calculate property taxes, appraisals are typically required in regions.
What is the closing cost?Additional expenses and charges that must be paid at the end of a transaction in real estate that is not included in the property's purchase price is referred to as Closing cost.
A home appraisal is employed to determine a property's worth. Lenders impose these fees in exchange for approving your loan.
Prior to comparing a home to actually acquired properties in the local housing market, licensed real estate evaluators to look at its features and state.
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You decide to drive your car on a long road trip of 1,500 miles. The opportunity cost of driving your car: Multiple Choice is the amount of money spent on gas. is zero because the car is paid for. includes lost wages you could have earned instead of driving. the total expenses of the trip in the end.
Answer: includes lost wages you could have earned instead of driving
Explanation:
Some individuals prefer driving long distance for different reasons; some for the pleasure they gain racing, while some do so to save cost of either flying a plane or using a public transport. Opportunity cost is weighing on your available options. If you weighed travelling on the road driving will save some cost then you can go for it. But when driving such a distance you'd have saved up lost wages you'd have earned instead of other options.
TEST
Multiple Choice: Highlight the one answer that best completes the thought.
Parents of children enrolled at the day care center complain that lunches are inconsistent in the number of food items offered each day (i.e., some days too few items are offered, other days too many). Which of the following menu planning tools will contribute to the resolution of this problem?
meal pattern
meal plan
modified menu extension
menu item repeat form
The following menu is planned for a senior center congregate meal site:
Entrée Side Dishes Dessert
Tuna Noodle Casserole Raspberry Gelatin Orange Sherbet
Creamed Peas
Which food characteristic is in most need of improvement?
color
texture
flavor
temperature
A new menu item should first be tested:
after it has been incorporated into the existing menu
by the customers after it has been served
prior to incorporation into the existing menu
by soliciting verbal comments from customers
Which of the following principles of menu design contributes most to a customer's ability to visualize menu items as they will appear at the point-of-service?
descriptive wording
color selection of paper and print
font style
page layout
The menu planning tool that will contribute to the resolution of inconsistent lunches is the "meal plan," ensuring a consistent number of food items offered each day.
The menu planning tool that will contribute to the resolution of inconsistent lunches at the day care center is the "meal plan." A meal plan provides a comprehensive outline of the meals to be served, including the number and types of food items offered each day. By following a well-designed meal plan, the day care center can ensure consistency in the number of food items provided, addressing the concerns raised by parents.
In the given menu for a senior center congregate meal site, the food characteristic in most need of improvement is not explicitly mentioned. However, based on the options provided (color, texture, flavor, temperature), it is difficult to determine which characteristic requires improvement without additional information. Each characteristic plays a significant role in the overall dining experience, and the specific needs for improvement would depend on the feedback and preferences of the senior center's customers.
When introducing a new menu item, it should first be tested prior to incorporation into the existing menu. This testing can be done through various methods, such as conducting taste tests or gathering feedback from customers. By testing the new item before including it in the menu, the senior center can assess its popularity, gather feedback, and make any necessary adjustments to ensure it aligns with the preferences and dietary requirements of the customers.
Among the principles of menu design mentioned (descriptive wording, color selection of paper and print, font style, page layout), descriptive wording contributes most to a customer's ability to visualize menu items as they will appear at the point-of-service. Using descriptive and enticing language to describe menu items can help customers imagine the appearance, flavors, and ingredients of the dishes, enhancing their overall dining experience and facilitating their decision-making process.
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Reed agrees to sell his sports equipment store to taylor. As part of the sale, reed promises not to open a similar, competing store anywhere. This promise is most likely.
Reed agrees to sell his sports equipment store to taylor. As part of the sale, reed promises not to open a similar, competing store anywhere. This promise is most likely invalid.
Equipment is a tangible lengthy-time period asset that blessings a enterprise over several years of use. computer systems, vans and production machinery are all examples of gadgets. they are tangible due to the fact they have a physical shape—unlike intangible belongings (consisting of patents, logos or copyrights) that don't.
A device may be any object this is used to gain a purpose. device generally denotes a hard and fast of gear which can be used to obtain a selected objective.
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If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
QUESTION 6 of 10: What markup percentage does New York magazine state that Macy's at Herald Square in New York City uses to mark up
accessories?
a) 72%
b) 127%
c) 185%
Od) 233%
In conclusion correct option for this question is (d) 233%
Why it is?
The markup percentage mentioned by New York magazine for accessories at Macy's in Herald Square is 185%. This means that the price of the accessory is marked up by 185% of its cost.
This markup percentage is considered high and may reflect the expenses that the store incurs, such as rent, salaries, and other operating costs. It is also likely that the markup is influenced by the store's brand recognition and the demand for its products.
However, a high markup may also deter price-sensitive customers, making it important for businesses to strike a balance between profitability and affordability.
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An electronic banking outlet that enables customers to use a card to
withdraw money is called a(n):
A. debit card cashier.
B. money market.
C. certificate of deposit.
D. automated teller machine.
Answer:
D) automated teller machine
do you mind marking me as brainliest?
Answer:D
Explanation: just got it right
It is important to receive feedback from customers and employees on a prototype's efficacy. What is
efficacy?
A. How well something decreases raw materials cost
B. How well something increases profits for shareholders
C. How well something accomplishes the goal it was set out to accomplish
*any trolls will get reported*
Efficacy means the ability to produce the desired output.
It is definitely important to get feedback from employees and customers.
The raw material cost should be reduced subject to not reducing the quality of the raw material. If the raw material quality is affected then it would affect the sales.
To maximize the shareholder profit the sales should be increased and the cost should be reduced. And strategies should be taken to increase sales.
Achieving the goals and objectives would in turn increase the shareholder's return.
To achieve the goals and objectives strategic planning should be undertaken by the company.
Fill in the blank. it would be possible to determine the ppp exchange rate that would exist if markets were efficient by comparing ___. multiple choice question.
The correct answer is option B) To determine the PPP exchange rate that would exist if markets were efficient in comparing the prices of traded goods and services.
The exchange rate between two currencies that offers each one the same purchasing power in various nations is known as the Purchasing Power Parity (PPP) exchange rate.
A unit of one currency should be able to purchase the same quantity of products and services in many nations in an efficient market, according to this theory.
This implies that the ratio of the prices of a basket of goods and services in each country should be the same as the exchange rate between two currencies.
We can determine the PPP exchange rate that should exist if markets are efficient by comparing the costs of similar goods and services in two different countries.
Complete Question:
Which of the following would be possible to determine the PPP exchange rate that would exist if markets were efficient?
A) Comparing the current exchange rate
B) Comparing the prices of traded goods and services
C) Comparing the inflation rates of two countries
D) Comparing the economic growth rates of two countries
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Apnex, Inc., is a biotechnology firm that is about to announce the results of its clinical trials of a potential new cancer drug. If the trials areâ successful, Apnex stock will be worth per share. If the trials areâ unsuccessful, Apnex stock will be worth per share. Suppose that the morning before the announcement isâ scheduled, Apnex shares are trading for per share. a. Based on the current shareâ price, what sort of expectations do investors seem to have about the success of theâ trials? b. Suppose hedge fund manager Paul Kliner has hired several prominent research scientists to examine the public data on the drug and make their own assessment of theâ drug's promise. Wouldâ Kliner's fund be likely to profit by trading the stock in the hours prior to theâ announcement? c. Which factors would limit the ability ofâ Kliner's fund to profit on itsâ information?
Based on the current share price, the expectation that investors seem to have about the success of the trials is that the market share seems to assess a somewhat greater than 50% chance of success.
If the hedge fund manager hires research scientists to examine the public data on the drug, Kilner's fund will likely profit, if they have better information than other investors.
Lastly, the factor that can limit the ability of Kilner's fund to profit on its information will be that the market may be illiquid and thereby no one wants to trade with them.
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According to the video, in which areas are Accountants and Auditors involved? Check all that apply.
budgeting
hiring
training
planning
cost control
employee compensation
event planning
Answer:
1, 4, 5, 6
Explanation:
Just did the assignment.
the invoice for accounting and tax services from fay, maureen lynn, cpa was received and paid for. select the proper accounting entry for the transaction.
The invoice for accounting and tax services from Fay, Maureen Lynn, CPA, was received and paid for. The proper accounting entry for the transaction is as follows: Account Debit Credit Accounts Payable 1000Service Revenue 1000.
An invoice is a statement of items or services that a vendor provides to a client. It is a financial document that specifies the goods or services, their costs, and the total amount to be paid. An invoice includes details like quantity, price, and taxes. In the above scenario, Fay, Maureen Lynn, CPA, provides accounting and tax services to the client. The client then receives an invoice, accepts it, and makes a payment. The transaction is a simple example of the relationship between a vendor and a client. The client is debited while the vendor is credited. Thus, the appropriate accounting entry for this transaction is a debit to accounts payable and a credit to service revenue.
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Yolinda and Wes decide to go into business together as a partnership. As part of their business, they lease a car, with each paying half the monthly expenses. Unfortunately, the business does not make any money. After 2 years, Yolinda decides to leave and take a job with another employer. Wes, on the other hand, decides to make a go of the business. Given this information, which of the following is true?
a. Because Yolinda is no longer involved in the business, she no longer needs to help make the car expenses.
b. If Yolinda stops making her share of the car expenses, Wes will be liable for Yolinda's share.
c. Because the partnership is no longer in existence, the car lease is null and void.
d. Because Wes received only half of the company's profits, he is only liable for his share of expenses.
Given that one of the partners of the business has left the business, the answer that is correct is the fact that
Because Yolinda is no longer involved in the business, she no longer needs to help make the car expenses.What is a partnership?This is a business arrangement that is made by two or more persons. The business arrangement has the partners sharing in the liability of the business.
The reason why Yolanda has to stop sharing in the expenses is simply because she is no longer a part of the partnership.
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Accounts receivable, net of the allowance for doubtful accounts is called:.
Accounts receivable, net of the allowance for doubtful accounts is called net realizable value.
What is net realizable value?Net realizable value is the method of knowing the value of asset that is held as inventory. The purpose of this method is to avoid overstating or understating the value of an goods in inventory.
The net realizable value is the result of deducting the costs incurred in selling the goods from its selling price.
Hence, accounts receivable, net of the allowance for doubtful accounts is called net realizable value.
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Question 1 master help!