The correct steps in accounting are:
1. Prepare the adjusting entries
2. Prepare an adjusted trial balance
3. Prepare the financial statements
4. Prepare the closing entries
All varieties of bookkeepers should be familiar with the eight-step accounting cycle. It divides the total process of a bookkeeper's duties into eight fundamental steps. Through accounting software and other technological tools, many of these tasks are frequently automated. However, for small business accountants working on the accounts with little technical support, being aware of and using the manual processes might be crucial.
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the president of real time inc. has asked you to evaluate the proposed acquisition of a new computer. the computer's price is $40,000, and it falls into the macrs 3-year class. purchase of the computer would require an increase in net operating working capital of $2,000. the computer would increase the firm's before-tax revenues by $20,000 per year but would also increase operating costs by $5,000 per year. the computer is expected to be used for 4 years and then be sold for $25,000. the firm's marginal tax rate is 40 percent, and the project's cost of capital is 14 percent. what is the operating cash flow in year 2?
The computer costs $40,000 and is categorized as a 3-year purchase. The cash flow from operation for the second year is $9,667.
Describe cash flow.The balance of money coming into and going out of an organization at a particular period is referred to as cash flow. A firm constantly receives and expends cash. For instance, when a retailer buys merchandise, money leaves the company and goes to its suppliers.
What makes cash flow crucial?A certain amount of readily available cash is required to keep your firm operating. Cash flow is really the balance between a company's income and expenses during a given period. You can plan the flow of your income for your upcoming financial term of business by using a statement of cash flows.
depreciation expense = $40,000 x 33.33%
= $13,333.
Operating cash flow 2 = $20,000 - $5,000 - $13,333 - $2,000
= $9,667
operating cash flow = $9,667
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money market mutual funds (mmmfs) have caused disintermediation at banks at times. this is because mmmfs:
Money market mutual funds (MMMFs) are investment vehicles that invest in short-term, low-risk securities such as treasury bills, commercial paper, and certificates of deposit.
MMMFs are designed to provide a higher return than traditional bank accounts while maintaining a high degree of liquidity and safety.
At times, MMMFs have caused disintermediation at banks because they offer an alternative to traditional bank accounts. Investors who are seeking a higher return on their cash balances may choose to invest in MMMFs instead of leaving their money in a bank account. As a result, banks may experience a decrease in deposits, which can reduce the amount of money available for lending.
Additionally, MMMFs may offer check-writing privileges, which can make them a more convenient option for investors who need access to their cash balances. This convenience can further contribute to disintermediation at banks.
Overall, MMMFs provide investors with an alternative to traditional bank accounts that offer higher returns and greater convenience. While this can lead to disintermediation at banks, it also provides investors with more options for managing their cash balances.
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According to the video, what are some qualities Air Traffic Controllers need? Check all that apply.
physical strength
clear speaking
teamwork
alertness
repair skills
a driver’s license
Answer:
B,C,D ON EDGE 2020-2021
Explanation:
Based on the information given, the qualities Air Traffic Controllers need are:
Clear speakingTeamworkAlertnessThe correct options are B, C, and D.
What does an air traffic controller do?They control the flow of aircraft into and out of the airport's airspace, direct pilots during takeoff and landing, and keep an eye on the movement of aircraft in the sky. To communicate with pilots, air traffic controllers employ radio technology.
Clear speaking is necessary because Air Traffic Controllers are responsible for communicating with pilots to provide them with critical information, such as weather conditions, runway changes, and other important details. Any miscommunication or misunderstanding could have severe consequences, so it's essential that Air Traffic Controllers are articulate and can communicate clearly.
Teamwork is also crucial for Air Traffic Controllers because they work closely with other Air Traffic Controllers and other professionals, such as pilots, airport personnel, and maintenance crews. They need to be able to coordinate and collaborate effectively to ensure the safe and efficient flow of air traffic.
Thus, the ideal selections are options B, C, and D.
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The founders of the U.S. wanted to avoid establishing a permanent aristocracy or group of wealthy families who could control a great deal of the nation’s wealth. How is this idea related to estate and gift taxes?
Answer:
There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.
The idea of avoiding an aristocracy by the founders of USA is related to estate and gift taxes because:
There was a need to reduce the influence of the wealthyAccording to the given question, we are asked to show the link which the founders of America had to preventing aristocracy and imposing estate and gift taxes.
As a result of this, we need to remember than an aristocracy is a government based on the wealthy and influential members of the society and this was one of the things which the Founding Fathers of America sought to prevent.
With this in mind, we can see that they imposed gift and estate taxes which was specifically targeted at the extremely wealthy so that their influence would be reduced and the country would not become an aristocracy.
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imagine that a co-worker said to you, "it’s such a hassle to keep specifications up to date! it takes time away from getting actual work done. why should we even bother?"
Keeping specifications up to date is essential for several reasons. Firstly, up-to-date specifications ensure that everyone involved in a project is aligned and working towards the same goals. Clear and accurate specifications provide a shared understanding of what needs to be accomplished, reducing misunderstandings and potential errors.
Secondly, updating specifications helps to mitigate risks and prevent costly mistakes. By maintaining accurate specifications, potential issues can be identified and resolved early in the project lifecycle, saving time, effort, and resources in the long run.
Moreover, up-to-date specifications facilitate effective communication and collaboration among team members. When everyone is working with the most current information, it enhances coordination and promotes efficient workflows. It also allows for better tracking of progress and ensures that work remains aligned with project objectives.
While keeping specifications updated may seem like an additional task, it ultimately contributes to streamlining work processes, minimizing errors, and maximizing productivity. By investing the time and effort in maintaining accurate specifications, the team can work more efficiently and achieve better results in the end.
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pay-per-call generates revenue each time a user clicks on a link to a retailer's website. group of answer choices true false
False. Pay-per-call generates revenue each time a user makes a phone call to the retailer, not by clicking on a link to the retailer's website.
Pay-per-click (PPC), on the other hand, is an advertising model in which the advertiser pays a fee each time a user clicks on an ad that leads to the advertiser's website. PPC is commonly used in online advertising, particularly in search engine advertising. Therefore, if the question were referring to pay-per-click instead of pay-per-call, the statement would be true.
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they make sure that the charts, graphs, and other visual elements are balanced and make good use of available space. what dashboard best practice does this describe?
This dashboard best practice is called "visual hierarchy" which refers to the arrangement and organization of visual elements to create a clear and easy-to-understand presentation of data.
Visual hierarchy is a dashboard best practice that refers to the organization and arrangement of visual elements to create a clear and easy-to-understand presentation of data. It involves placing the most important information or data at the top and gradually reducing the emphasis as the information becomes less important. This creates a flow of information that helps guide the viewer's attention and enables them to quickly understand the data being presented.
Effective visual hierarchy involves using contrast, color, size, and position to create a clear and logical flow of information. By implementing this best practice, dashboard designers can ensure that viewers can quickly understand and interpret the data being presented.
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whether the economy is in a recession is illustrated in the ad/as model by how close the _____________________ is to the potential gdp line.
Answer:
The answer is equilibrium
Explanation:
Whether the economy is in a recession is illustrated in the ad/as model by how close the equilibrium is to the potential gdp line.
Which defines room and board? (1 point)
O housing and meals that are often provided at additional cost
O a school that provides training in a specific skill or trade
O an educational institution or establishment, in particular one providing higher education
O monetary support that is used to help pay educational costs
In contrast to a variety of non formal and informal methods of socialization, education is the field that is concerned with the methods of teaching and learning in schools or environments that resemble schools.
What differentiates knowledge from education?
Knowledge and education are not the same thing. Knowledge is what you know, while education is how you learn it. The facts and information you can remember and use is called knowledge. Education is how we learn new things.
Equity and equality in education, what do you mean?
A system of equality treats everyone the same without giving any consideration to their requirements or needs. As a result, equity is a situation in which every person, regardless of their individual differences, receives the same rights and opportunities.
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Answer:
O housing and meals that are often provided at additional cost
Explanation:
“Room” in Room and Board, meaning
The “room” part can be taken literally it’s basically your college bedroom
and Board refers to the meal plan meaning somewhere that supplies food.
Boom easy answer
This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the credit card is 14%. Gigi’s Credit Card Payments Month Balance Payment Interest Rate Interest Charged 1 $650 $300 0.01167 $4.08 2 $354.08 $50 0.01167 3 $307.63 $50 0.01167 4 $260.64 $50 0.01167 5 $213.10 $50 0.01167 6 $165 $50 0.01167 What is the amount of interest charged for the first 6 months? $
Answer:
-16.34
Explanation:
Disclaimer: I am not sure, sorry. It might be -16.34, 16.34, or 15.75. Once again, sorry.Answer:
$16.34
Explanation:
HAVE A GOOD DAY!!!!
Find a news report of a liability claim that one person (or entity) has made against another this year.
What is the url link to the report?
Describe the situation in your own words.
What type of liability does this fall under? Explain.
Would any of the defenses that we discussed in this unit be applicable to this situation? If so, which ones, if not, explain why.
Example situation:
In a recent news report, Person A has filed a liability claim against Company B for injuries sustained in a car accident. The accident occurred when a Company B delivery vehicle collided with Person A's car at an intersection. Person A claims that the accident was due to the negligence of the Company B driver, resulting in physical injuries and property damage.
Type of liability:
This situation falls under the category of "tort liability." Tort liability refers to a civil wrong or injury caused by one party to another, resulting in legal liability for the responsible party.
Applicability of defenses:
The applicability of defenses in this situation would depend on the specific circumstances, jurisdiction, and applicable laws. Here are a few defenses commonly used in liability claims:
1. Contributory negligence: If Person A is found to have contributed to the accident through their own negligence, it may impact their ability to recover damages or reduce the amount they can claim.
2. Comparative negligence: Some jurisdictions follow the principle of comparative negligence, which means that both parties' negligence is considered, and the damages awarded are proportionally reduced based on each party's degree of fault.
3. Assumption of risk: If Person A voluntarily assumed a known risk associated with the situation, such as engaging in a dangerous activity, Company B might argue that Person A knowingly accepted the risk and therefore cannot hold them fully liable.
4. Statute of limitations: If the claim was filed beyond the statute of limitations specified by the relevant laws, Company B may argue that the claim is time-barred and should be dismissed.
It's important to note that the specific application of defenses would depend on the jurisdiction and the facts of the case. Consulting a legal professional would be necessary to determine the applicable defenses in a real-life scenario.
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The difference between the cost to make a good and the price is the: A. Elasticity Curve B. Profit C. Supply Curve D. Demand Margin
Answer:
B. Profit
Explanation:
I hope this helps :)
what is meant by business
Answer:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.
"A security with normally distributed returns has an annual expected return of 9% and standard deviation of 6%. The probability of getting a return between -2.76% and 20.76% in any one year is _______ Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, write 0.05"
The probability of getting a return between -2.76% and 20.76% in any one year is approximately 95%.
Using the standard normal distribution, we can convert each return value to a z-score:
z1 = (-2.76% - 9%) / 6% = -1.96
z2 = (20.76% - 9%) / 6% = 1.96
We can then use a standard normal distribution table or calculator to find the area under the curve between these two z-scores. This area represents the probability of getting a return between -2.76% and 20.76%.
We find that the area between z = -1.96 and z = 1.96 is approximately 0.95. Therefore, the probability of getting a return between -2.76% and 20.76% in any one year is approximately 95%.
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What is the name of the organization that published abbreviations that are meant to avoid confusion in international business transactions?.
The name of the organization which published abbreviations which are meant to avoid confusion in international business transactions is the International Chamber of Commerce.
In order to facilitate commerce around the world, the International Chamber of Commerce (ICC) publishes a set of Incoterms, which is officially known as the international commercial terms. Thus, globally recognized Incoterms tend to prevent confusion in the foreign trade contracts.
This organization called the International Chamber of Commerce tends to publish abbreviations which are meant to avoid confusion in the upcoming international business transactions.
Hence, the International Chamber of Commerce (ICC) developed Incoterms in 1936.
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what is the farthest thing in space we know about?
That would be the galaxy called MACS0647-JD, Its a long name but If the distance estimate is correct, it formed about 427 million years after the Big Bang. Hope this helps!
If a division manager in a large organization reports to you that the NPV of a proposed project is positive, what should you do?
A. All of the listed responses.
B. None of the listed responses.
C. Accept the project since firm value is maximized by accepting all positive NPV projects.
D. Try to understand the underlying economics of why the NPV could be positive for your firm.
E. Re-evaluate the project using an higher discount rate since the manager is probably too optimistic.
If a division manager in a large organization reports to you that the NPV of a proposed project is positive, you should accept the project since the firm value is maximized by accepting all positive NPV projects. Hence, the correct option is (C).
What Should A Division Manager Do When The NPV Of A Proposed Project Is Positive?If the NPV of a proposed project is positive, the division manager should accept the project because a positive NPV means that the projected cash flows of the project exceed the costs of the project. As a result, it would be advisable to accept the project, as this would maximize the firm value of your organization. The NPV, or net present value, is a measure of the profitability of a project. A positive NPV indicates that the project is expected to generate more cash flows than the initial investment, making it a profitable investment for the firm. Therefore, accepting all positive NPV projects will maximize the firm's value.
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the key assumption of hersey and blanchard's situational theory is that subordinates vary in their:
The key assumption of Hersey and Blanchard's situational theory is that subordinates vary in their level of readiness or maturity.
Hersey and Blanchard's situational theory suggests that effective leadership requires matching a leader's behavior to the level of readiness or maturity of their subordinates. The theory assumes that subordinates vary in their level of readiness, which is a combination of their ability and willingness to perform a task or role. According to the theory, a subordinate's level of readiness can be classified into four stages:
1. M1 - Low readiness: Subordinates have low ability and low willingness to perform a task or role. In this stage, a leader needs to provide clear direction and guidance to the subordinates, using a directive leadership style.
2. M2 - Some readiness: Subordinates have limited ability but are willing to perform a task or role. In this stage, a leader needs to provide a supportive and participative leadership style to help subordinates develop their skills and confidence.
3. M3 - Moderate readiness: Subordinates have the ability but may lack the willingness or confidence to perform a task or role. In this stage, a leader needs to use a coaching leadership style, providing guidance and support to build the subordinates' confidence.
4. M4 - High readiness: Subordinates have high ability and willingness to perform a task or role. In this stage, a leader can use a delegating leadership style, empowering the subordinates to take ownership and make decisions on their own.
Therefore, the main answer to the question is that the key assumption of Hersey and Blanchard's situational theory is that subordinates vary in their level of readiness or maturity.
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Which factors can affect a stock's price? Check all that apply.
market performance
the company's financial health
the quantity products produced
location of the company
the economy
Answer:
market performance
the company's financial health
the economy
Explanation:
Stocks or shares represent small units of ownership in a business. The stocks of a public limited company are traded in the stock exchange markets. Investors trading shares are guided by the potential to make profits in deciding what shares to buy.
Share that shows signs of good returns attract many buyers. Investors will focus on a company's financial health as presented in financial statements, the overall state of the economy, and the general market performance to evaluate profits potential. If the conditions are favorable, a stock price will always be rising and present opportunities for profits.
Answer:
1, 2, 5
Explanation:
Assume the exchange rate between the U.S. and India is $1= Rs73.58. If currently selling in India for Rs 7,358 . holds, an item that sells for $100 in the US. is Multiple Choice a) international Fisher effect. b) unbiesed forward rates condition. c) uncovered interest rate parity. d) interest rate parity. e) purchesing power parity.
The purchasing power parity theory holds true in this scenario, as the price of the item in India is equal to the price of the item in the US when converted to the same currency.
Purchasing power parity (PPP) is a theory that states that the prices of goods and services should be the same in different countries when they are converted to a common currency. In this case, the price of the item in India (Rs 7,358) is equal to the price of the item in the US ($100) when converted to the same currency (USD). This means that PPP is holding true in this scenario.
The other answer choices are incorrect because they do not refer to PPP. International Fisher effect is a theory that states that the difference in interest rates between two countries should be equal to the expected rate of change in the exchange rate between those two countries.
Uncovered interest rate parity is a theory that states that the difference between the spot exchange rate and the forward exchange rate should be equal to the difference in interest rates between two countries. Interest rate parity is a theory that states that the interest rate on a foreign currency deposit should be equal to the interest rate on a domestic currency deposit plus the expected rate of change in the exchange rate between the two currencies.
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In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price minimum average variable cost exceeds price A minimum average total cost exceeds price minimum average total cost exceeds price B marginal revenue exceeds marginal cost marginal revenue exceeds marginal cost C marginal cost exceeds marginal revenue marginal cost exceeds marginal revenue D it is losing money
Answer:
A. minimum average variable cost exceeds price.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Hence, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market
In the short run, a perfectly competitive firm should shut down whenever minimum average variable cost exceeds price.
However, the firms always strive to maximize profits by increasing their level of output, such that P = MC. Also, the firms wouldn't be willing to leave or enter into the market because they are not making any profit, such that P=AC.
Hey guys this is for the edmentum unit activity: Earning and Protecting money. Pls help :’)
What are three most common incentives for offering health insurance to employees?
A. It improves employees health and increases productivity.
B. It reduces the cost of office administration.
C. It helps attract and retain high-quality employees.
D. It provides the business a tax advantage.
E. It increases the business chance of overcoming competition.
Answer:
Explanation:
I think it's a,b and e
Hope it helps
I need help with this last question can someone please help
Answer:
hope it helps
Explanation:
b. name of the benificiars/ insured
most people recognize that, as a group, consumers are the pivotal participants in the economy. the decisions made by consumers determine which goods and services will be produced by businesses, just as their investment and saving decisions will strongly influence conditions in the markets.
Consumers play a pivotal role in the economy as their decisions shape the production of goods and services by businesses, and their investment and saving choices significantly impact market conditions.
How do consumers influence the production of goods and services?Consumers exert their influence on the production of goods and services through their decision-making process. When consumers demand certain products or services, businesses respond by producing and supplying those items to meet the market demand. Consumer preferences and purchasing power determine which goods and services are produced, and businesses allocate their resources accordingly. For example, if there is a high demand for smartphones, businesses will invest in manufacturing and marketing smartphones to cater to consumer needs.
Consumers' investment and saving decisions also impact market conditions. When consumers save and invest their money, it provides capital for businesses to expand, innovate, and create new job opportunities. Increased consumer savings can lead to lower interest rates, making borrowing more affordable for businesses, which stimulates investment and economic growth.
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An architect’s functions may include which of the following? (SELECT ALL THAT APPLY.)
-planning and designing houses, commercial buildings, and other structures
-ensuring worksite safety
-collaborating with engineers
-acting as a construction manager and supervising contractors
Answer:
the answer is planning, ensuring, and acting
One's organs cannot be sold in interstate commerce. True False Question 12 (5 points) Informed consent is required of patients involved in therapeutic research. True False Question 13 (5 points) Gene therapy is the replacement of a defective gene or malfunctioning gene by splicing or connecting onto the DNA of body cells to control production of a particular substance. True False Question 14 (5 points) Because of the many ethical and legal issues involving gene therapy, its use has been deemed illegal. True False Question 15 (5 points) There is no ethical justification for whistleblowing. True False
True ,Informed consent is indeed required of patients involved in therapeutic research. This is an important ethical principle that ensures individuals are fully informed about the nature.
True ,Gene therapy involves the replacement of a defective gene or malfunctioning gene by splicing or connecting onto the DNA of body cells to control the production of a particular substance. This is an accurate description of gene therapy.
False, The use of gene therapy is not illegal due to ethical and legal issues. Gene therapy is a rapidly advancing field of research and medicine, and while there are ethical considerations and regulations surrounding its use, it is not deemed illegal. Regulations and guidelines are in place to ensure the responsible and ethical application of gene therapy.
False, There can be ethical justifications for whistleblowing. Whistleblowing refers to the act of reporting unethical or illegal activities within an organization to an external authority or the public. In certain situations, such as when there is a risk to public safety, violation of laws or regulations, or serious harm to individuals, whistleblowing can be seen as an ethically justifiable action to expose wrongdoing and protect the greater good.
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A producer of pottery is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $9,200 per month and variable costs of 70 cents per unit produced. Each item is sold to retailers at a price that aver- ages 90 cents. a. What volume per month is required in order to break even? b. What profit would be realized on a monthly volume of 61,000 units? 87,000 units? c. What volume is needed to obtain a profit of $16,000 per month? d. What volume is needed to provide a revenue of $23,000 per month? e. Plot the total cost and total revenue lines.
Based on the information that is given, the volume per month that will be required to break-even will be 46000 units.
The breakeven quantity will be:
= 9200 / (0.90 - 0.70)
= 9200 / 0.20
= 46000 units.
The profit that would be realized on a monthly volume of 61,000 units will be;
= 0.90(61000) - [9200 + 0.70(61000)]
= 54900 - 51900
= 3000
The profit that would be realized on a monthly volume of 87000 units will be;
= 0.90(87000) - [9200 + 0.70(87000)]
= 78300 - 70100
= 8200
The volume that is needed to obtain a profit of $16,000 per month will be:
= (16000 + 9200) / (0.90 - 0.70)
= 25000/0.20
= 126000 units
The volume that is needed to provide a revenue of $23,000 per month will be:
Quantity = Total revenue / Price
Quantity = 23000/0.90
Quantity = 25556 units
Lastly, the total cost will be:
= Fixed cost + Variable cost .
= 9200 + 70000
= 79200
The total revenue will be:
= Price × Quantity
= 0.90 × 100000
= 90000
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Acme enterprises began the new year owing its suppliers $3,000 for merchandise purchased last year. Acme then sold half of this merchandise for $5,000 on account. Two weeks later, acme paid its suppliers $1,000 and bought another $4,000 of merchandise on account. Acme now has an accounts payable balance of ______.
Answer:
$8500
Explanation:
Beg AP bal = 3000
Sold 1/2 of merch on acct = add 2500
Paid suppliers = subtract 1000
Bought more merch on acct = add 4000
3000 + 2500 - 1000 + 4000 = 8500
Ending AP bal = 8500
The orange farming industry is perfectly competitive and is initially in long-run equilibrium, and the price of each orange is $0.20. Now suppose that the price of fertilizer rises, increasing the marginal and average total cost of producing oranges by $0.10. In the long run:_______.
Based on the marginal and average total cost rising, we can conclude that in the long run firms will leave the industry.
Why would they leave the industry?Firms will exit a competitive industry when the price is below the marginal cost.
In this case, the price was $0.20 and the marginal cost increased by $0.10. If we take into account, the original marginal cost which has now increased, the new marginal cost will most probably be higher than the price.
Firms will then leave the market to avoid losses.
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During what stage of the new-product development process does a marketer develop a prototype for alpha or beta testing?.
During the product development stage of the new-product development process does a marketer develop a prototype for alpha or beta testing.
The process of bringing a brand-new product idea to market is known as new product development (NPD). Agile software development principles can also tremendously aid NPD.
Though it varies depending on the business, the product development process can be roughly divided into seven stages: ideation, research, planning, prototype, sourcing, costing, and commercialization.
Focusing on product discovery and addressing the target market's pain points is the key to new product development idea success. For this reason, gathering customer insights through customer surveys, interviews, observing social media activity, and ethnographic research is crucial.
Product discovery should also be a continuous activity. It ought to continue across the many phases of the product life cycle, including idea generation, idea validation, validating PoCs and prototypes, MVP development, pre-launch, and post-launch.
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