The GAAP include the following except A) Entity Concept B) Revenue Recognition C) Going Concern D) Cash Recognition C. Select the appropriate financial statement where we will find each of the following accounts ( 1 point each - 15 points) (A) Income statement (B) Statement of changes in owner's equity (C) Balance sheet (1) Cash (2) Unearned Revenue (3) Notes Payable (4) Consulting Fees Earned (5) Land (6) Accounts Receivable (7) Supplies Expense (8) interest Payable (9) John, Withdrawal (10) Prepaid Rent

Answers

Answer 1

The correct answer for the GAAP question is:

D) Cash Recognition

Regarding the financial statement where we will find each of the following accounts:

(A) Income statement:

- (4) Consulting Fees Earned

- (7) Supplies Expense

(B) Statement of changes in owner's equity:

- (9) John, Withdrawal

(C) Balance sheet:

- (1) Cash

- (2) Unearned Revenue

- (3) Notes Payable

- (5) Land

- (6) Accounts Receivable

- (8) Interest Payable

- (10) Prepaid Rent

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Related Questions

W.C. Cycling had $55,000 in cash at year-end 2007 and $25,000 in cash at year-end 2008. Cash flow from long-term investing activities totaled _$250,000, and cash flow from financing activities totaled $170,000. Required: a) What was the cash flow from operating activities? b) If accruals increased by $25,000, receivables and inventories increased by $100,000, and depreciation and amortization totaled $10,000, what was the firm's net income?

Answers

Answer:

a) 50,000

b) 115,000

Explanation:

Cash flow from operating activities and Net Income can be calculated as follows

DATA

Opening cash balance = $55,000

Closing cash balance = $25,000

Long term investing activities = $250,000

Cashflow from financing activities = $170,000

Requirement A: Cash flow from operating activities

                                                                          $  

Investment                                                  250,000

Less:                                                                      

Cash flow from financing activities           (170,000)

Opening Cash balance                               (55,000)

Add:  

Closing cash balance                                  25,000

Operating cash flows                                  50,000

Requirement B: Net Income

Operating cash flows                                  50,000

Add:

Increase in receivables and inventory       100,000

Less:

Increase in accruals                                    25,000

Depreciation                                                10,000

Net Income                                                  115,000

After preparing a project-development agenda, the office manager prepares a conference room for the meeting. She places a circular table in the center of the room and surrounds it with comfortable chairs.
1) What message is the office manager expressing nonverbally?
(A) She wishes to promote an open communication (B) She wishes to promote limited communication (C) She wishes to discourage communication
2) When an employee speaks to a manager, the manager pays more attention to:
(A) the employee's vocal tones and gestures (B) the words the employee is saying
3) When your best friend says, "I'm not angry with you" but has a scowl on her face, you are likely to believe that:
(A) your friend is not angry with you (B) your friend is angry with you
4) Assume that both of you and your best friend share a traditional American culture. What can your best friend do in order to make you believe her words?
(A) smile and cross her arms (B) Smile and hold open her arms for a hug (C) Smile and look down at the ground
______________________________________________________________________________________
Employee reluctance is a major problem with ___(1)______ communication. Which of the following actions can managers take to resolve this problem? Check all that apply.
1) (A) horizontal (B) downward (C) upward
2) (A) manage by wandering around (B) eliminate periodic performance reports (C) reward employees for offering suggestions (D) never punish employees for bringing problems to the manager's attention.

Answers

1) (A) She wishes to promote an open communication ;2)A) the employee's vocal tones and gestures; 3)(B) your friend is angry with you ;4)B) Smile and hold open her arms for a hug.

1)By placing a circular table in the center of the room and surrounding it with comfortable chairs, the office manager is trying to convey a nonverbal message that she wishes to promote an open communication environment. The use of a circular table signifies equality and that everyone has a voice that should be heard. Additionally, the comfortable chairs surrounding the table suggest that the participants should feel at ease and be encouraged to share their ideas.

2)When an employee speaks to a manager, the manager pays more attention to the employee's vocal tones and gestures, as opposed to the words the employee is saying. This is because vocal tones and gestures are nonverbal cues that can convey more meaning than the actual words being spoken. Therefore, managers must pay close attention to these nonverbal cues in order to interpret the meaning behind the message.

3) If your best friend says, "I'm not angry with you" but has a scowl on her face, you are likely to believe that your friend is angry with you. This is because your friend's nonverbal cues, in this case, the scowl on her face, contradict her verbal message. Therefore, it is important to pay attention to both verbal and nonverbal cues when interpreting a message.

4) If both you and your best friend share a traditional American culture, your best friend can make you believe her words by smiling and holding open her arms for a hug. This is because, in American culture, a smile and a hug signify warmth, openness, and friendliness. Therefore, this gesture can be interpreted as a nonverbal cue that conveys the same message as her verbal words.

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Joni, a college student, has $400 worth of expenses monthly. How much should she save be financially secure?​

Answers

Answer:

200 i think sorry if im wrong

Explanation:

is an operational requirement of a global information system (gis) that includes accounting and financial data, manufacturing updates, inventory, and so forth. a. communication between headquarters and subsidiaries b. consolidated global reporting c. strategic planning support d. global data access

Answers

B)Communication between headquarters and subsidiaries is an operational requirement of a global information system (GIS) that includes accounting and financial data, manufacturing updates, inventory, and so forth.

A global information system (GIS) is a computer system that generates, manages, analyses, and maps all types of data. GIS connects data to a map by combining location data with various types of descriptive data. This contributes to a foundation for mapping and analysis that is used in science and nearly every industry.

Users can use GIS to understand patterns, associations, and geographic context. The advantages include improved communication and efficiency, as well as improved management and decision making.

An organization's information system can be defined as a system that provides information within the organization when and where it is needed at some managerial level.

An information system is a collection of people, processes, and resources that work together to meet an organization's information processing needs.

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Correct question:

__________is an operational requirement of a global information system (GIS) that includes accounting and financial data, manufacturing updates, inventory, and so forth.

A) Consolidated global reporting

 B) Communication between headquarters and subsidiaries

 C) Global data access

 D) Strategic planning support

Give an example for each of the 5 channels of distribution for consumer products

Answers

Manufacturer to consumer- a farmer may sell some produce directly to consumers

Manufacturer to retailer to consumer- clothes, shoes, furniture and fine China

Manufacturer wholesale retailer- people who buy from growers and sell to retail outlets

are primarily administrators who deal directly with the warden on custodial issues.

Answers

Main answer: The individuals who are primarily administrators and deal directly with the warden on custodial issues are called correctional officers.

Explanation: Correctional officers are responsible for overseeing and supervising inmates in correctional facilities. They ensure the safety and security of the facility and inmates while enforcing rules and regulations.Long answer in 100 words: Correctional officers are the primary administrators who deal directly with the warden on custodial issues. They are responsible for supervising inmates in correctional facilities and ensuring the safety and security of the facility and inmates while enforcing rules and regulations.

Correctional officers have a range of duties, including maintaining order within the prison, supervising inmate activities, and ensuring that inmates are treated with respect and dignity. They also monitor inmate behavior and work to prevent incidents of violence or misconduct. Overall, correctional officers are an essential part of the criminal justice system, and they play a crucial role in maintaining safety and security within correctional facilities.

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Describe a time when a leader has inspired or stifled your creativity at work. What was the team/ organization context? Any personal or relationship attributes that you believe helped or hindered your creativity?

Answers

A leader can either inspire or stifle creativity at work based on their leadership style and approach. A leader who fosters open communication, values diverse perspectives, provides clear goals and objectives, trusts and supports their team, and recognizes and celebrates achievements is more likely to inspire creativity. Conversely, a leader who is rigid, hierarchical, resistant to change, and dismissive of new ideas can stifle creativity within the team.

In my previous work experience, I had the opportunity to work with a leader who greatly inspired my creativity. The team context was a marketing department within a technology company.

First and foremost, the leader created an environment that fostered open communication and encouraged team members to share their ideas and perspectives freely. This allowed for a diverse range of ideas to be brought to the table and sparked innovative thinking. Additionally, the leader actively listened to the ideas and suggestions of team members, valuing their input and making them feel heard and appreciated. This open and inclusive approach helped to create a sense of psychological safety within the team, where individuals felt comfortable taking risks and exploring new ideas without fear of judgment or criticism.

The leader also provided clear goals and objectives, while allowing flexibility in the approach to achieving them. This allowed team members to tap into their creative abilities and explore different strategies and solutions. Instead of micromanaging, the leader trusted the expertise and creativity of the team members, providing guidance and support when needed.

Furthermore, the leader recognized and celebrated individual and team achievements. This not only motivated and inspired team members to continue pushing boundaries and thinking outside the box, but also created a positive and supportive team culture.

On the other hand, I have also experienced a leader who stifled my creativity. In this case, the team context was a sales department in a retail company.

The leader had a rigid and hierarchical management style, where decisions were made without input from team members. This lack of involvement and autonomy greatly hindered the team's ability to contribute creative ideas. There was a lack of open communication, with limited opportunities to share ideas or provide feedback.

Additionally, the leader had a narrow-minded perspective and was resistant to change. This created a stifling environment where new ideas were met with skepticism or simply dismissed. The lack of support and validation from the leader made team members hesitant to take risks or think outside the box.

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compare and contrast reference theory of meaning and idea theory of meaning

compare and contrast reference theory of meaning and idea theory of meaning

Answers

Explanation:

Reference theory of meaning is a philosophical thought that believes the meaning of a word or acronym is doing in what it points out in the world. But the idea theory of meaning feels the meaning of a word or acronym lies in the group it represents.

For example, the meaning of the term would be seen as relating to illnesses and viruses as well as number of years from the point of view of idea theory of meaning. While the reference theory of meaning would allude the meaning using proper reference to the illness (Coronavirus) that caused the disease.

whats the difference between net, gross, and operating profit

Answers

Gross profit is an amount that a business has earned minus direct costs of goods sold, or manufacturing.

Operating profit is the amount of gross profit, but “minus operational costs.”

Net profit is the whole amount after a business has “accounted for all deductions, including interest and taxes.”

Hope this helped.

If you’re confused about any of this, feel free to leave a comment!

A writer should look out for undetected mistakes from the writing, design, and layout stages while __________ business documents.

Answers

A writer should look out for undetected mistakes from the writing, design, and layout stages while proofreading business documents.

During the process of proofreading business documents, writers need to be vigilant for undetected mistakes that may have occurred in the writing, design, and layout stages. This includes checking for errors in grammar, spelling, punctuation, as well as ensuring consistent formatting and proper placement of images and text. Thoroughly reviewing all aspects of the document helps ensure its accuracy, professionalism, and overall effectiveness in conveying the intended message.

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What is meant by the term new market

Answers

Answer:

The term new market can be used in 2 ways:

1) A new market is being used as a term for a new type of shop/ a new genre of market place.

2)  A new market value(rise of market value)

Explanation:

Your Welcome

Rise in value! Hope this helped

Create a job application including a cover letter and a resume. Make certain you have included your work and volunteer experience, education, and "selling points." Compare your resume to the job descriptions and respond to each of the questions asked. This should be a one- to two-page response thoroughly examining each question—this will prepare you for when you do apply for a job (if you have not already).

After reviewing the functions of human resource management identified early in the lesson, answer the following questions:

Identify the person from human resources whom you might engage. If it’s a small business, who do you think would be your contact?
Assume you were hired. What would human resources do for you as an employee? Discuss what benefits HR would offer and how, you believe, this would happen if you were to be employed in this position.

Answers

In a cover letter, you introduce yourself to potential employers and request that they consider your application. The letter is brief, often 3 to 5 paragraphs long.

What is Management?

Management is the art of getting things done through and with the people in formally organized groups.

An efficient resume summary uses the following structure: Professional title (if applicable) with significant work history, plus top accomplishments (preferably measurable results) + Top Knowledge, Experience, and Values (relevant to the job and industry)

Reduce the length of cover letters to three to four paragraphs, not exceeding one page. Use an active voice while maintaining a confident, commercial enterprise-like tone. Don't start too many phrases with "I." Check for repetition and errors by reading your cover letter out loud.

Therefore, This is how you can create a job application including a cover letter and a resume.

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As the demand for goods and services increases, job growth...
a. Increases b. Decreases
c. Remains constant
d. Cannot be determined

Answers

As the demand for goods and services increases, job growth increases.

When the demand for goods and services increases, it typically leads to an expansion in economic activity. This expansion creates opportunities for businesses to meet the growing demand by increasing production and providing more goods and services to consumers. In turn, businesses often need to hire additional employees to support their increased production and meet the rising demand.

As businesses expand their operations and hire more workers, job growth occurs. This can take various forms, including the creation of new jobs, the expansion of existing positions, and the potential for job opportunities in related industries. Sustained growth in demand can lead to a virtuous cycle where increased employment leads to higher income levels and consumer spending, further driving the demand for goods and services and fueling continued job growth.

It's important to note that job growth may not always occur instantaneously or in the same magnitude as the increase in demand. Factors such as market conditions, labor market dynamics, industry structure, and government policies can influence the pace and extent of job growth. Nevertheless, as demand for goods and services increases, the general trend is for job growth to follow suit.

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Negative impacts of strikes on businesses as an economic issue

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The major negative impact of strikes on businesses as an economic issue results in less productivity.

What do you mean by business?

A business refers to an organization that is engaged in commercial, industrial, or professional activities.

The negative impact of the strike on businesses is that it affects the teamwork, profitability, and productivity of the business.

Businesses may have to suffer financial and production losses and consumer confidence is badly affected.

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A recent important change to real estate brokerage practices is A) digital communication in all its forms B) fax transmissions C) use of personal assistants D) the use of electronic signatures

Answers

The recent important change to real estate brokerage practices is D) the use of electronic signatures.

Electronic signatures have revolutionized the real estate industry by streamlining the process of signing and executing contracts and documents. This technology enables real estate professionals and clients to sign agreements electronically, eliminating the need for physical paperwork and reducing the time and effort required to complete transactions. Electronic signatures provide convenience, efficiency, and security, allowing parties to sign contracts remotely and securely, even from different locations. This shift has significantly accelerated the pace of real estate transactions and improved overall productivity in the industry.

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according to the signaling theory of education, better-educated workers a. are in scarce supply in less-developed countries. b. can only find low-skilled jobs due to technology. c. are likely to be high-ability workers. d. improve their marginal productivity through education.

Answers

According to the signaling theory of education, better-educated workers are likely to be high-ability workers.

What does Signaling theory of Education suggest?

The signaling theory of education suggests that education can improve earnings (wages) merely because education levels are an indication of a worker's capability. It implies that productivity of a worker is unrelated to education, but education serves as a certification for the worker's ability.

In brief, the signaling theory asserts that businesses don't really pay higher wages for graduates because they believe graduates have good knowledge and abilities. Rather, academic completion provides employers with trustworthy and dependable information about a worker's basic attitudes and skills. As stated by the economist , Kenneth Arrow (1973), higher education has little effect on greater economic performance; it improves neither intelligence nor socialization. Instead, higher education works as a screening instrument, for selecting individuals of varying capacities.

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What does the word “marginal” mean in economics?

Answers

Answer Marginal refers to the focus on the cost or benefit of the next unit or individual, for example, the cost to produce one more widget or the profit earned by adding one more worker. Companies use marginal analysis as a decision-making tool to help them maximize their potential profits.

Using the allowance method of accounting for uncollectibles, when is bad debt expense recorded ?.

Answers

The allowance method estimates bad debt expense at the end of the fiscal year, setting up a reserve account called allowance for doubtful accounts.

An allowance is a quantum of plutocrats given or distributed generally at regular intervals for a specific purpose. In the environment of children, parents may give an allowance to their child for their eclectic particular spending. In a nutshell, an allowance can give children the necessary first-hand experience of handling their own plutocrats and making their own opinions and miscalculations to allow them to learn further about good particular financing.

An allowance is a quantum of else taxable income that you can earn each time, without paying duty on it. A work allowance is a quantum that you can earn before your Universal Credit payment is affected. You'll be eligible for a work allowance if you( and/ or your mate) either have responsibility for a child. limited capability for work.

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according to the marketing concept of the frequency escalator, who resides on the ground level? select one: a. light users b. heavy users c. media consumers d. unaware non consumers

Answers

The escalator notion identifies person segments. It has been supported by means of client research among each members and spectators. The escalator represents customer motion to higher ranges of involvement in a sport, as a participant or a fan.

What is the frequency escalator concept?

Frequency escalator. - The frequency escalator is a marketing device that examines the attendance levels of fans. -This concept is additionally referred to as the fan escalator.

What is escalator principle in sales?

choose one: a. light users b. heavy customers c. media shoppers d. unaware non consumers

The escalator was created and designed as an American sales mannequin that employs direct and oblique sales strategies to create recognition and beautify grasp among consumers to position purchase as a need or a desire and subsequently to initiate action.

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The processor market for desktop and laptop computers is dominated by ________.

Answers

The processor market for desktop and laptop computers is a highly competitive industry, but Intel Corporation has managed to establish itself as the dominant player.

The processor market for desktop and laptop computers is a highly competitive and constantly evolving industry.

However, despite this intense competition, Intel Corporation has managed to establish itself as the dominant player in the processor market for desktop and laptop computers.

Intel's dominance in the market can be seen in its market share, which is estimated to be around 80% for desktop computers and over 90% for laptops and many groundbreaking products, such as the Intel Core processors, which are widely regarded as some of the best in the industry.

Additionally, Intel's strong distribution network has enabled it to reach a wide range of customers, including businesses, individuals, and even governments.

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A line of credit that allows a borrower to repeatedly use it within a certain monetary amount is considered to be — answer choicesclose-ended creditretirement accounta secured loanopen-ended credit

Answers

A sort of line of credit known as "open-ended credit" allows borrowers to draw on it again up to a certain limit.

What two sorts of currencies are there?

Both expansionary and contractionary monetary policies are used. A contractionary monetary policy is put in place to lessen the quantity of money flowing through the economy.

What exactly does monetary policy entail?

The process of controlling an economy's total amount of money as well as the means by which it is dispersed is known as monetary policy. Monetary policy strategy is influenced by economic factors such the GDP, inflation rate, and sector- and industry-specific growth rates.

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What does it mean to invest your own risk?

Answers

Investment risk is defined as the probability or uncertainty of losses rather than expected profit from investment due to a fall in the fair price of securities such as bonds, stocks, real estate, etc.

what are the qualifications for something to be used as money

Answers

Answer:

The requirements needed for something to be used as money.

1.That thing which must be useful in any purpose.

2.You have to find that person who must needed of that thing. Then he will buy from you. (Whether it's your own talent)

Zachary, a college student, watches a financial show on television. The host is a well-known financial advisor. He is talking about borrowing from a 401 (k). This information is _____.

Answers

Answer:

This information will be "Reliable but irrelevant".

Explanation:

The knowledge and details seem to be accurate because he's such a possibly the best-known financial consultant even though it's meaningless because whatever he's concerned about benefits Zach as something of a student of the university. The narrator may be an extremely poorly-known financial planner, but Zachary certainly doesn't have to borrow from some kind of 401(k).

Dawn walks into a customer's office with her sales presentation planned and immediately recognizes that the customer is upset about something. In this situation, Dawn should Dawn walks into a customer's office with her sales presentation planned and immediately recognizes that the customer is upset about something. In this situation, Dawn should:

a. maintain a happy and cheerful demeanor.
b. sit down immediately and begin the presentation.
c. All of the answers are correct.
d. say something funny in an attempt to lighten the customer's mood.
e. ask if she should come back some other time for the meeting.

Answers

I think the answer would be C hope it helps

employers are prohibited from retaliating against employees under all of the following except:

Answers

Employers are prohibited from retaliating against employees under all of the following except.

Employers are prohibited from retaliating against employees under all of the following except none of the above. Employers may not retaliate against employees for engaging in protected activities under state or federal law.According to the Whistleblower Protection Program, employers are prohibited from retaliating against employees for engaging in protected activities such as whistle-blowing, unionization, and filing complaints against unfair labor practices under all of the following except none of the above.

There are a few exceptions to this law, which can include misconduct, poor performance, or economic downturns, as long as the employer can show that the employee would have been punished regardless of any of the protected activities.In retaliation cases, employers are often encouraged to engage in good faith in dispute resolution efforts, such as mediation, as a way to mitigate potential legal costs and damage to reputation.

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most organizations have pockets of excellent collaboration found in specific internal teams, with specific customer groups, or even within _________ project endeavors.

Answers

most organizations have pockets of excellent collaboration found in specific internal teams, with specific customer groups, or even within cross-functional project endeavors.

What are the benefits of cross-functional collaboration in organizations?'

most organizations have pockets of excellent collaboration found in specific internal teams, with specific customer groups, or even within cross-functional project endeavors.

The blank in the sentence indicates that excellent collaboration can also be observed within cross-functional project endeavors.

This means that different departments or teams with diverse expertise come together to work on a specific project, bringing their unique perspectives and skills to achieve a common goal. Such cross-functional collaboration often leads to innovation, efficiency, and better problem-solving capabilities.

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Li would like to know what "managing up" means in the context of her being an HR professional.

How would
you briefly define "managing up" to Li?

Answers

In the context of being a HR professional, managing up would have to do with the management of the employees that are in an organization in terms of hiring and ensuring good conduct.

Who is a HR professional?

The five key responsibilities of human resources include managing talent, pay and benefits for employees, training and development, compliance, and workplace safety. By efficiently managing the employee lifecycle, an HR department may assist in providing organizational structure and the capacity to satisfy business demands.

They act as a conduit between potential employees and the businesses hiring. While some businesses utilize outsourcing techniques, others establish a human resources department under the direction or control of an HR manager.

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Unions may be established in a(n) _____ of a company, representing only one department or job category within the company.

Answers

Unions may be established in a bargaining unit of a company, representing a specific department or job category.

A bargaining unit refers to a defined group of employees who share common interests and are eligible to form or join a union. In this context, unions can be established within a specific bargaining unit, representing a particular department or job category within the company. This allows employees in that specific group to collectively bargain with the employer regarding their wages, working conditions, and other employment-related matters.

Bargaining refers to the process of negotiation and reaching an agreement between two or more parties to settle a dispute, reach a mutually beneficial outcome, or determine the terms of a transaction. It involves the exchange of offers, counteroffers, and concessions as each party seeks to maximize their own interests while finding a middle ground acceptable to all parties involved.

Bargaining refers to the process of negotiation and reaching an agreement between two or more parties to settle a dispute, reach a mutually beneficial outcome, or determine the terms of a transaction. It involves the exchange of offers, counteroffers, and concessions as each party seeks to maximize their own interests while finding a middle ground acceptable to all parties involved.

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When a strong unity of command is present, employes are assigned to more than one manager.
True
False

Answers

Answer:

The correct option is;

False

Explanation:

Unity of command is the organizational arrangement, whereby all employee assigned to a particular department answer to their line manager, and vice, versa, the line manager directs the activities of all employees within his department to perform the tasks of the organizational engagement or projects for which the department is in responsible.

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