The negative side of a journal entry was the only part that was posted during JCL's month-end close. The trial balance won't be impacted by this. The totals in the debit and credit columns will not add up to one.
The column totals of the trial balance do not always correspond. For instance, when transactions are not journalized or when journal entries are not uploaded to the general ledger, the columns in a trial balance agree. In a similar vein, incorrectly recording transactions does not result in an imbalanced trial balance.
There is a problem with the nominal ledger accounts if the total of the debit column does not match the total of the credit column.
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where there are more than two goods being created in every country yet we only use two on the ppf. why is that?
Where there are more than two goods being created in every country yet we only use two on the PPF because it helps in economic growth.
Grouping all things into the two fundamental categories of consumer and capital goods is the easiest way to demonstrate economic progress. A PPF that moves outward indicates that an economy's production capacity has risen.
Even the fundamental economic issue of a nation with finite resources, opportunity costs, and economic scarcity can be shown in a production possibility curve. Opportunity cost is the price paid when one option is chosen over another. PPF is a tool used by economists to demonstrate the trade-offs that result from scarcity.
By dividing the available production space between levels of production that can be achieved and those that cannot, the PPF curve's addition depicts scarcity.
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The characteristic of wave independent of others is
Answer:
Explanation:
A wave. preserve its individuality while travelling through space.So when a Number of waves travel through a region at same time, each wave travels independently of the others i.e., as if all other waves were absent.
the first step in developing a marketing strategy is:
The first step in developing a marketing strategy is conducting market research.
Market research is the initial and crucial step in developing a marketing strategy. It involves gathering and analyzing relevant information about the target market, customer preferences, industry trends, and competitive landscape. Market research helps businesses understand their customers' needs, wants, and behaviors, as well as identify opportunities and potential challenges in the market.
By conducting thorough market research, companies can gain insights into their target audience, assess market demand, and make informed decisions about product development, pricing, distribution channels, and promotional strategies. This research provides a solid foundation for formulating an effective marketing strategy that aligns with the identified market opportunities and consumer preferences.
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------------The given question is incomplete, the complete question is:
"what is the first step in developing a marketing strategy?"---------------
The three methods used to classify costs into their fixed and variable components includes:.
The three methods used to classify costs into their fixed and variable components include:
scatter diagramshigh-low methodregression analysisWhat is a costs classification?This refers to the process of separation of a group of expenses into different categories which are used to bring an management's attention certain costs that are considered more crucial than others, or to engage in financial modeling.
Often time, the purpose of cost classification is to allows the manager control processes and cut costs where needed or send more resources to an area of the process that is lacking.
Furthermore, the cost classification also allows the manage to review reports and advise accounting of needed adjustments in cost classification.
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A stylist charges $20.00 per haircut. The total cost for running her home-based business is $4,000.00 per month, which includes her salary of $3,000.00 per month. To cover all these expenses and her salary, she must do a minimum of 200 haircuts per month.
Because the cost of living has gone up, she wants to increase her salary to $3,500, making her total monthly expenses $4,500.00
What is the minimum price she must charge for each of the 200 haircuts so she can cover this increased salary?
Do not forget to type the $ symbol when you enter your answer as shown below:
Example: $15.77
Hint: Your answer will have decimal point.
Answer:$22.50
Explanation: I took the quiz and got it right
Plz help me...Urgently Needed!!!
Answer:
Is the answer July 4th?
Sorry I'm a bit confused.
Why is it critical to get the price "right" on a new product?
Answer:
Since the product is new, the consumers wouldn't have any method to compare the price with the ones that created by other companies. This created a situation that make the consumers doubt whether they make a correct economic decisions if they purchase the product.
This is why it's important to get the price 'right'.
The company need to ensure that the price represent more value for Consumers compared to the money that they have to sacrifice to obtain it.
franchises will generally have higher ____, but they offer ongoing support and training.
Franchises will generally have higher direct financing but they offer ongoing support and training.
What is the meaning of financing?Finance is the study and practice of money, money-related instruments, and capital assets. It is associated with economics, which refers to the study of the creation, transfer, and consumption that money, assets, goods, and services, but it is not the same as economics.
The process of raising capital or finances for any type of spending is known as financing. It is the act of directing various financial resources—such as credit, loans, and invested capital—to those parts of the economy that need them most or can use them most effectively.
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What are three primary reasons for the popularity of online buying in all three kinds of organizational markets?
The 3 primary reason behind the popularity of online buying in all organizational markets includes:
reduced buyer order processing costsreduced marketing coststimely supplier informationWhat are online buying?An online buying is not peculiar because it is related to online sales, where a seller using a sales website to connect with its prospective buyers.
In conclusion, the invention and development of internet made the online buying and selling popular in the modern world.
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Based on the Management in Action case, which of the following is an inside force for change at Carnival? a) manager's behavior b) customer concerns c) political pressures d) shareholder concerns
The manager's behavior was the driving force for change at Carnival. Customer concerns, political pressures, and shareholder concerns may have also played a role in prompting the company to make changes, but they were not specifically identified as inside forces in the case.
Based on the Management in Action case, the inside force for change at Carnival is the manager's behavior. The case discusses how new CEO Arnold Donald implemented changes in leadership style and decision-making processes, which led to improvements in the company's safety and environmental practices.
Based on the Management in Action case, an inside force for change at Carnival would be a) manager's behavior. Inside forces for change typically involve internal factors within the organization, such as management practices, employee attitudes, and organizational structure. In this case, the manager's behavior would be considered an inside force because it directly influences the company's operations and decision-making processes.
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Bill smith economic influences
I don't really know of Bill Smith but I know Adam
Smith's best - known ideas formed the basis of economic theory , including the invisible hand theory ( the idea that free - markets coordinate themselves ) , the division of labor ( the idea that people should specialize in specific tasks ) , and the measurement of economic activity ( Gross Domestic Product ) .
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any project teams are made up of team members that never meet face-to-face; they communicate throughout the project using email and sharing computer files. This type of project teamwork is referred to as _________
Do most people take standard deduction or itemize?
Most people take the standard deduction. According to the Internal Revenue Service, approximately 70% of taxpayers take the standard deduction.
What is standard deduction or itemize?Standard deduction is a set amount that individuals and couples can subtract from their taxable income. It eliminates the need to itemize deductions, which involves listing out and totaling up your eligible expenses. The amount of the standard deduction is determined by filing status and is adjusted annually for inflation. Itemizing deductions involves listing out each individual eligible deduction and totaling up the amount. This includes deductions for state and local income taxes, mortgage interest, charitable contributions, qualified medical expenses, and more. Itemizing is beneficial if the total of your eligible deductions is greater than the standard deduction amount.For example, if you are single and had $14,000 in eligible deductions, you would want to itemize your deductions instead of taking the standard deduction of $12,550. That way, you could deduct the full amount of $14,000 rather than the lower amount of $12,550.To learn more about standard deduction refer to:
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how do you become popular
Answer:
Spread the word; advertisements
Explanation:
In order to get popular you need to spread the word about your business, you needadvertisementst,s and sometimes even create your own website. Some website makers include Wix.
the concept of sae programs follow which association’s goals?
a. National Agriculture Education
b. Supervised Agricultural Experiences
c. An all expense paid trip to Washington.
d. (SAE) programs
The SAE program's design reflects the goals of the (A) National Agriculture Education Association.
What are SAE programs?In a school-based agricultural, food, and natural resources program, a Supervised Agricultural Experience (SAE) is a structured experience and work-based learning opportunity that takes place in a setting outside of regular school hours in order to improve an individual student's industry.
There are three main categories of research SAE programs: analytical, experimental, and inventive.
The ideals of the National Agriculture Education Association are reflected in the SAE program's concept.
A student's project must have all four of the following criteria in order to qualify as an SAE: it must be planned, developed, managed, and overseen.
Professionals in engineering disciplines related to transportation, such as automotive, aerospace, and commercial vehicles, produced SAE standards.
Therefore, the SAE program's design reflects the goals of the (A) National Agriculture Education Association.
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Why can you win a presidential election without winning the most individual votes?
Answer:
Because of Electoral College system
Explanation:
Answer:
You can win when you get more electoral college votes than your opponent. The first to 270 votes wins the race.
Explanation:
(hope this helps :P)
(this might sound like a silly question)
How have stuffed animals changed our lives? (make our lives better)
Having stuffed animals have indeed changed human lives and made them better by providing them with a sense of comfort and security.
What are the benefits of stuffed animals?Stuffed animals seem to have become an integral part of the lives of children as they are seen as companions and playthings by these children to keep from being bored and to have another source of friendship.
Stuffed animals are not limited to helping children alone however, because there are adults who enjoy having the company of stuffed animals for a variety of reasons ranging from cuddling to proof of affection from a loved one.
Some might think that it is silly to assume that stuffed animals have made human life better but they would be wrong. Research has shown that people who use stuffed animals feel a sense of comfort and safety when they are around these animals which is hugely important.
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Vendors submit invoices prior to receiving purchase orders from companies.
True
False
Answer:
False
Explanation:
Only after the purchase was approved
The last step of a cost analysis is to examine the P&L statement or expense reports.
The last step in the accounting cycle is to make remaining entries by finalizing expenses, revenues and brief accounts on the quit of the accounting period. This includes closing out temporary bills, along with expenses and sales, and moving the net earnings to permanent bills like retained profits.
Income and loss (P&L) declaration refers to a financial statement that summarizes the sales, fees, and fees incurred at some stage in a specified length, usually a quarter or fiscal year. these records offer records about a company’s capacity or inability to generate profit by increasing sales, lowering expenses, or each. P&L statements are often presented on a cash or accrual foundation. company managers and traders use P&L statements to analyze the economic health of a company. A profit and loss (P&L) statement summarizes the revenues, fees and fees incurred all through a selected time frame. A P&L statement offers information about whether or not a company can generate profit by increasing revenue, decreasing expenses, or each. The final step within the accounting cycle is to make closing entries with the aid of finalizing costs, sales and brief bills at the stop of the accounting length. This includes remaining out brief money owed, such as fees and revenue, and moving the net earnings to everlasting debts like retained earnings.
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a new business venture must develop a comprehensive business plan to borrow money to get started. companies such as fedex and nike say they did not follow their original plan closely. does that mean that developing the plan was a waste of time for these eventually successful companies? why or why not?
Even if successful companies deviate from their original business plans, the process of developing the plan is valuable in terms of providing initial guidance, attracting funding, learning about the business environment, and establishing a strategic framework. It helps businesses to be more informed, adaptable, and prepared for future challenges and opportunities.
No, developing a business plan is not a waste of time, even if successful companies like FedEx and Nike did not follow their original plans closely. Here are a few reasons
A business plan serves as an initial roadmap for the company, outlining its goals, strategies, and financial projections. It helps to provide a clear direction and focus for the business, guiding decision-making and resource allocation.
Developing a comprehensive business plan is often a requirement when seeking funding from lenders or investors.
It demonstrates to potential stakeholders that the business has thoroughly analyzed its market, identified risks, and formulated strategies to mitigate them. This enhances the credibility of the business and increases its chances of obtaining financial support.
The process of creating a business plan involves conducting market research, analyzing competitors, and evaluating the feasibility of the business idea.
Even if the plan evolves over time, this process provides valuable insights and helps the business understand its target market, competitive landscape, and operational requirements. The plan can be adjusted and refined based on new information and changing circumstances.
While specific tactics and details may change, the underlying strategic framework established in the business plan can still serve as a foundation for decision-making. It sets out the core mission, values, and long-term goals of the business, providing a framework for evaluating opportunities and making strategic choices.
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Which of the following is not an objective of proactive scanning? Identify and define potential opportunities and threats. Paint a picture of the future 20+ years into the future. Detect important cultural, economic, legal, political, and technological events and trends. Promote an adaptable, forward-looking mind-set among managers and employees. Help managers understand the company’s strengths and weaknesses.
The option that is not an objective of proactive scanning is: Paint a picture of the future 20+ years into the future.
What is proactive scanning?Proactive scanning is the use of automated tools to detect suspicious programs/contents in library, driver, and executable files.
This scanning method can be used to detect threats and important events. They could also serve useful functions to employers and managers.
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examples of product ingredients of the marketing mix include design of the product and trade names, packaging, and warranties. group of answer choices true false
" Examples of product ingredients of the marketing mix include design of the product and trade names, packaging, and warranties." The given statement is true. The marketing mix is a business tool that is used to help businesses create and implement effective marketing strategies.
It is made up of four key elements, known as the 4 P's: Product, Price, Promotion, and Place. Product Ingredients of the marketing mix include the design of the product and trade names, packaging, and warranties. The design of a product can play a huge role in its success. Good design can help a product stand out on store shelves and appeal to consumers. A trade name, also known as a brand name, is a name that a company uses to distinguish its products from those of its competitors. A strong trade name can help a company build brand recognition and customer loyalty.
Packaging is also an important element of the marketing mix. It not only protects the product, but it also serves as a marketing tool. A well-designed package can attract customers and communicate the benefits of the product. Lastly, warranties can provide customers with peace of mind and increase their confidence in the product. In conclusion, product ingredients of the marketing mix include design of the product and trade names, packaging, and warranties, which is a true statement.
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influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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Franklin transferred 952 photos from his phone in 17 minutes. At what rate does his phone transfer photos?
Answer:
56 photos per minute
Explanation:
952 divided by 17 is 56
A person decides to buy a book to read rather than buying a movie ticket. The movie ticket that the person has given up, is known as
Answer:
deficit
Explanation:
The person decided to buy a book rather than buy a movie ticket. The movie ticket given by the person is his opportunity cost.
What is an opportunity cost?Opportunity cost refers to the cost of forgone alternative. In simple words, it means the level of satisfaction that can be derived from choosing another thing over one.
If the person buys the book rather than buying a movie ticket, the satisfaction that can be derived from watching the movie will be termed as the opportunity cost incurred by the person.
Therefore the correct option is opportunity cost.
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What is the difference between a savings account and a checking account? (Select all that apply.)
Savings accounts pay higher interest than checking accounts.
Deposits in savings accounts, not checking accounts, are used by a bank to invest.
Savings accounts have more restrictions than checking accounts.
Savings accounts are covered more by the FDIC than checking accounts.
A checking account is a bank account you can write checks from, or access several other ways, which tends to make it your go-to, daily transaction bank account. A savings account is where you stash funds that you aren't ready to use yet, often with the goal of accumulating more.
Question 6 of 10
Which of the following is a best practice for accountants when using the
telephone at work?
A. rehearse what they will say before calling.
OB. speak as quickly as possible to avoid wasting time
OC. wait a few seconds before answering the phone
OD. avoid putting the caller on hold for any reason
Answer:
OD. Avoid putting the caller on hold for any reason.
Explanation: It will irritate the caller, then they can report you or get you fired.
Hope this helps!
Answer: D. avoid putting the caller on hold for any reason
Explanation: When it comes to using the telephone at work, accountants should follow certain best practices to ensure effective communication and maintain professionalism. One of these best practices is to avoid putting the caller on hold for any reason, if possible.
Putting a caller on hold can be seen as disrespectful and can give the impression that their time is not valued. However, there may be situations where putting a caller on hold is necessary, such as when the accountant needs to retrieve information or consult with a colleague. In such cases, it is important for the accountant to inform the caller about the reason for the hold and provide an estimated time for the hold.
By avoiding putting the caller on hold for unnecessary reasons, accountants demonstrate professionalism, respect, and good customer service. It helps to create a positive experience for the caller and maintains a good reputation for their business. Accountants should strive to handle calls knowledgeably, efficiently and provide assistance promptly to ensure effective communication and customer satisfaction.
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Cara makes 152 pies in 8 days. How many pies does Cara make per day if she makes the same number of pages each day
Answer:
19
Explanation:
152 divided by 8 is 19
A salaried employee receives an annual salary of $40,000. There are 26 pay
periods during the year. During the current pay period, she receives a bonus of
$200. What is her gross pay for this pay period?
A. $1,338.46
B. $1,738.46
C. $1,538.46
D. $1,938.46
Answer:
B. $1,738.46
Explanation:
Gross pay is the regular pay plus bonuses, allowances, and commissions.
In this case, the regular pay will be $40,000 divide by 26 pay periods.
=$40,000/ 26
=$1,538. 46
Gross pay = $1,538. 46 + $200 bonus
=$1,738. 46
Grady Zebrowski, age 25, just graduated from college, accepted his first job with a $47,000 salary, and is already looking forward to retirement in 40 years. He assumes a 2.9 percent inflation rate and plans to live in retirement for 20 years. He does not want to plan on any Social Security benefits. Assume Grady can earn a 6 percent rate of return on his investments prior to retirement and a 7 percent rate of return on his investmentspost-retirement to answer the following questions using your financial calculator.
a. Grady wants to replace 90 percent of his current net income. What is his annual need in today's
dollars?
b. Using the table Grady thinks he might have an average tax rate of 13 percent at retirement if he is married. Adjusting for taxes, how much does Grady really need per year, in today's dollars?
c. Adjusting for inflation, how much does Grady need per year in future dollars when he begins retirement in 40 years?
d. If he needs this amount for 20 years, how much does he need in total for retirement? (Hint: Use theinflation-adjusted rate of return.)
e. How much does Grady need to save per month to reach his retirement goal assuming he does not receive any employer match on his retirement savings?
Table 16.2 The Average Tax Rate
Average Tax Rate
Retirement Income Couples Filling Jointly Individuals
20,000 7% 10%
30,000 10 14
40,000 12 17
50,000 14 20
60,000 17 22
70,000 19 23
80,000 21 24
90,000 22 25
100,000 23 26
150,000 28 30
a) Grady's annual need in today's dollars is $42,300. b) Grady's adjusted annual need, accounting for taxes, is approximately $48,295 in today's dollars. c) Grady's future dollar need when he begins retirement in 40 years, adjusted for inflation, is approximately $173,688. d) Grady needs a total of approximately $853,644 for retirement. e) Grady needs to save approximately $577.65 per month to reach his retirement goal.
a. To calculate Grady's annual need in today's dollars, we need to determine 90% of his current net income.
Annual need in today's dollars = 90% of $47,000
Annual need in today's dollars = $47,000 * 0.9
Annual need in today's dollars = $42,300
b. To adjust for taxes, we will use the table provided to find the corresponding average tax rate for Grady's retirement income of $42,300 if he is married.
Average tax rate for retirement income of $42,300 (married) = 12%
Adjusted annual need in today's dollars = Annual need in today's dollars / (1 - Average tax rate)
Adjusted annual need in today's dollars = $42,300 / (1 - 0.12)
Adjusted annual need in today's dollars = $42,300 / 0.88
Adjusted annual need in today's dollars = $48,295.45 (rounded to the nearest dollar)
c. To determine Grady's future dollar needs adjusted for inflation when he begins retirement in 40 years, we can use the future value formula.
Future dollar need = Adjusted annual need in today's dollars * (1 + inflation rate)^number of years
Future dollar need = $48,295.45 * (1 + 0.029)^40
Future dollar need = $48,295.45 * 1.029^40
Future dollar need = $173,687.92 (rounded to the nearest dollar)
Therefore, Grady's future dollar need when he begins retirement in 40 years, adjusted for inflation, is approximately $173,688.
d. Since Grady plans to live in retirement for 20 years, we need to calculate the total amount needed for retirement using the inflation-adjusted rate of return.
Total amount needed for retirement = Future dollar need * (1 + inflation-adjusted rate of return)^number of years in retirement
Total amount needed for retirement = $173,687.92 * (1 + 0.07)^20
Total amount needed for retirement = $173,687.92 * 1.07^20
Total amount needed for retirement = $853,644.40 (rounded to the nearest dollar)
e. To determine how much Grady needs to save per month to reach his retirement goal, we can use the present value of an ordinary annuity formula.
Present value of annuity = Payment per period * [(1 - (1 + interest rate)^(-number of periods)) / interest rate]
Payment per period = Total amount needed for retirement / (1 + interest rate)^number of years until retirement
Number of periods = number of years until retirement * number of periods in a year
Let's assume Grady saves monthly:
Number of periods in a year = 12
Interest rate = 6% / 12 (monthly interest rate)
Number of years until retirement = 40
Payment per month = $853,644 / (1 + 0.06/12)^40 * (1 - (1 + 0.06/12)^(-40 * 12)) / (0.06/12)
Payment per month = $853,644 / (1.005)^480 * (1 - 1.005^(-480)) / (0.005)
Using a financial calculator or spreadsheet, the calculated payment per month is approximately $577.65.
Therefore, Grady needs to save approximately $577.65 per month to reach his retirement goal, assuming he does not receive any employer match on his retirement savings.
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