Answer:
Explanation:
Price level - increase. A reduction in inflation can best be achieved by which of the following combinations of fiscal and monetary policy? Fiscal Policy - increase taxes.
Identify the importance of accounting by selecting the correct statement a. Accounting information is primarily used only at the end of a year when tax returns and financial statements are prepared. b. Accounting information impacts Internal users only c. Accounting is a system that identifies, records and communicates financial information,
The best alternative that accurately conveys the significance of accounting is "Accounting is a system that identifies, records, and transmits financial information."
Describe accounting.The ideal definition of accounting is the process of maintaining financial records according to the rules. Accounting serves to portray the company's financial standing and to assess the numbers and data that pertain to them. In practically every commercial organization, its scope has expanded. Modern financial markets are built on the work done by accountants. Without accounting, business executives wouldn't have the transparency they need to manage risks or plan initiatives, and investors wouldn't be able to rely on timely, accurate financial information.
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identify what accounting is by selecting the correct statement.
A system called accounting is used to locate, document, and share financial data.
What does accounting and finance mean?Your financial operation can be managed and made more efficient with the help of an accounting and financial management system. It automates routine accounting processes like keeping track of ledger and journal entries, assisting with tax calculations, and facilitating multicurrency transactions.
Accounting is what kind of a system?Accounting systems come in two varieties: A single entry system is the first, where a tiny business records each transaction as a line item in a ledger. The alternative is a double entry system, in which each transaction is recorded as both a debit and a credit in different accounts.
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global fdi flows ____ significantly in ____ due to _____.
The correct option is A ; Decreased; 2008; the global recession , Foreign Direct Investment (FDI) flows document the value of cross-border transactions connected to direct investment over a specific time period, often a quarter or a year.
Financial flows include equity trades, earnings reinvestment, and intercompany loan transactions.
According to extant research on FDI inflows, the most prevalent variables of FDI inflows include market size, market expansion rate, trade liberalization, exchange rate, business clustering effects, political stability, good governance, tax incentives, labor availability and cost, labour productivity.
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Full Question ;
Global FDI flows ____ significantly in ____ due to _____.
- decreased; 2008; the global recession
- decreased; 2010; increasing regulations
- increased; 2008; the global expansion
- increased; 2010; decreasing regulations
inventory costing methods ($ in thousands). fifo average cost lifo pre-2023 $ 2,860 $ 2,600 $ 2,340 2023 780 570 555 $ 3,640 $ 3,170 $ 2,895 required: 1. assume that roberti steel company used fifo before 2024, and then in 2024 decided to switch to average cost. prepare the journal entry to record the change in accounting principle
The journal entry to record the change in accounting principle from FIFO to average cost for Roberti Steel Company in 2024 would involve the following steps:
The change in accounting principle from FIFO to average cost requires an adjustment to the beginning inventory balance, which is the balance at the start of the accounting period in which the change is made. This adjustment is necessary because FIFO and average cost methods result in different inventory values for the same set of transactions.
To make the adjustment, Roberti Steel Company would first determine the difference between the beginning inventory balance under FIFO and the beginning inventory balance under average cost. In this case, the difference is $260 (the FIFO beginning inventory balance of $2,860 minus the average cost beginning inventory balance of $2,600).
Roberti Steel Company would then record a journal entry to adjust the beginning inventory balance and recognize the effect of the change in accounting principle on the income statement. The journal entry would be as follows:
Inventory (beginning balance) $260
Retained earnings $260
The debit to inventory (beginning balance) would increase the inventory balance to the average cost value, and the credit to retained earnings would decrease the opening balance to reflect the impact of the change on the income statement.
In summary, the journal entry to record the change in accounting principle from FIFO to average cost for Roberti Steel Company in 2024 would involve an adjustment to the beginning inventory balance by debiting inventory (beginning balance) and crediting retained earnings for $260. This adjustment is necessary to recognize the effect of the change on the income statement and reflect the correct inventory value under the new accounting method.
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Question 2 of 10
What is product positioning?
O
A. The set of plans for product, price, place, and promotion that the
marketer will use
O
B. The use of names and symbols to identify the company's products
O C. The process of dividing up a total market into groups (segments)
with similar needs and buying behaviors
OD. A definition of how the company intends for customers to view its
product relative to the competition
Answer:
I think it should be D keep checking just in case
If a company changes its inventory method, what financial statement accounts are affected? (Select all that apply.)
a. interest expense
b. accounts payable
c. sales
d. cost of goods sold
e. inventory
If a company changes its inventory method, the financial statement accounts that are affected are:
d. Cost of goods sold
e. Inventory
A change in inventory method will affect the cost of goods sold and the inventory balance on the balance sheet. This is because the cost of goods sold and the value of inventory are calculated differently under different inventory methods, such as FIFO, LIFO, or weighted average.
Interest expense, accounts payable, and sales are not affected by a change in inventory method. Interest expense is related to borrowing and lending activities, accounts payable are related to amounts owed to suppliers for goods or services received, and sales are related to revenue generated from the sale of goods or services.
In this case option D and E are correct
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what is marketing management?why is it important?
Its help to stand competent in highly thriving competition in the market.
Answer:
Marketing management is especially important for smaller businesses because it gives them a level footing to complete with larger players in the field.Thorough customer research,creative campaigns and marketing strategies and positive branding can go a long way in providing a brand with an edge over its competition.
Explanation:
hope it helps you
Answer the following questions on the basis of the following three sets of data for the country of North Vaudeville: b. Assuming no change in hours of work, if real output per hour of work increases by 5 percent, what will be the new levels of real GDP in the right column of B?
The new level of real GDP in the right column of B can be calculated by multiplying the original real GDP by 1 plus the percentage increase in real output per hour of work.
Real GDP is a measure of the total value of all final goods and services produced in an economy adjusted for inflation. It is calculated by multiplying the quantity of output by the price level.
To calculate the new level of real GDP in the right column of B when real output per hour of work increases by 5 percent, we need to consider the concept of labor productivity. Labor productivity is the amount of real output produced per hour of work.
If labor productivity increases by 5 percent, it means that each hour of work is now producing 5 percent more output. This increase in labor productivity leads to an increase in real GDP.
To calculate the new level of real GDP, we can multiply the original real GDP by 1 plus the percentage increase in labor productivity. In this case, since labor productivity increased by 5 percent, we multiply the original real GDP by 1.05.
For example, if the original real GDP in the right column of B was $10,000, the new level of real GDP would be $10,000 * 1.05 = $10,500.
This calculation assumes that there are no changes in other factors affecting real GDP, such as the quantity of labor or the price level. It focuses solely on the impact of the increase in labor productivity on real GDP.
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"Profit plays an important role in the business." In the light of this statement,
Explain three reasons for the importance of profit in business.
Answer:
to secure financing from a bank
to attract investors to fund its operations
to grow the business itself
Explanation:
The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?
Answer:
Explanation:
In this situation, the statement that would best apply would be that the broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws. Since Florida Real Estate laws specifically prohibit a broker from placing a clients money in an interest account then the broker in this scenario is breaking the law and can have his real estate license taken away as well as being fined.
"free enterprise" and "________________" are terms for an economy based on private businesses competing for profits in open markets with minimal government regulations.
Answer:
entrepreneurship for them and
If a manager is called upon to hire a new vendor and negotiate the best services for the best price, which type of role is required?
Answer:
decision making role
Explanation:
Management roles vary depending on which type of manager we are talking about: upper, middle or lower management. Management roles include:
Leadership and Interpersonal RolesInformational RolesDecision Making Roles: are themselves divided into 4 categories (entrepreneur, disturbance handler, resource allocator, negotiator). In this case, the manager is allocating resources since labor is a resource.Each pail of plaster covers 97 square feet of ceiling. How many pails of plaster would you need to buy to cover the ceiling of a room with walls 14 feet long?
Answer:
2.02
Explanation:
Each pail of plaster covers 97 Square feet of ceiling
The ceiling of the room is 14 ft long
= 14×14
= 196
Therefore the pail of plaster that will be needed to cover the rooms can be calculated as follows
= 196/97
= 2.02
PLEASEEEE HELP!!!!!!!!!!!!!!
Damon is working on a tight budget. He has just a few more scenes to shoot to complete his project. For one of the scene requires at least 50 extras. Hiring union extras will cost him more than the budget allows. what do you think he is likely to do to ensure the scene is shot within the budget?
A .Change the storyline
B. Deduct the scriptwriter's fees
C. Deduct the fees of the lead actor
D, hire non-union extras
Answer:
possibly d
Explanation:
makes more sense
Kerr Company's account balances at December 31 for Accounts Receivable and Allowance for Doubtful Accounts were $2,100,000 and $20,000 (Cr.), respectively. An aging of accounts receivable indicated that $170,000 are expected to become uncollectible. The amount of the adjusting entry for bad debts at December 31 is
Answer:
$150,000
Explanation:
Calculation to determine what The amount of the adjusting entry for bad debts at December 31 is
Using this formula
Bad debts=Accounts receivable-Allowance for Doubtful Accounts
Let plug in the formula
Bad debts=$170,000-$20,000
Bad debts=$150,000
Therefore The amount of the adjusting entry for bad debts at December 31 is $150,000
Jessica placed $1,100 in a savings account which earns 3.7% interest, compounded annually. How much will she have in the account after 15 years. Round your answer to the nearest dollar. Do NOT round until you have calculated the final answer. Provide your answer
$1897.03 Jessica have this much amount in their account after 15 years by saving it with compound interest .
How does compound interest work?The amount of the initial loan, or principal, is multiplied by one plus the annual interest rate raised to the number of compound periods minus one to determine compound interest. You will then be left with the loan balance plus compound interest.
Is compound interest a wise financial decision?The use of compound interest makes money work harder. Compound interest, as opposed to simple interest, allows your returns to generate additional returns. Compound interest may be advantageous for money held in savings accounts and the stock market.
The formula is P = Initial Principal(1 + rate)^# years
So: P = 1100(1 + 0.037)^15
P = 1100(1.037)^15
P = $1897.03
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Five high school friends all happen to be females born in 2003. Assuming that the survival of each one is independent of the others, what is the probability that at least one of them lives to be 100 years old?.
It is possible for at least one of five high school friends born in 2003 to live to be 100 years old.
Assuming that the survival of each one is independent of the others, the probability of this occurring can be calculated using the binomial probability formula.
The probability of one of the friends living to be 100 years old is equal to 1 minus the probability of all of them failing to reach the age of 100. This probability can be calculated by multiplying the probability of each friend failing to reach 100 (1-p) five times.
For example, if the probability of each friend living to 100 is 0.8, then the probability of at least one of the friends living to be 100 is equal to 1 - (0.2 * 0.2 * 0.2 * 0.2 * 0.2) = 0.99.
In conclusion, the probability of at least one of the five high school friends born in 2003 living to be 100 years old is dependent on the probability of each individual friend reaching that age, and can be calculated using the binomial probability formula.
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During her lunch break one afternoon, alison set a goal of completing all required trainings in the next 90 days by taking two trainings a week. What is she doing?.
She is planning
Planning strategically. Strategic plans are all about the reasons why certain things must occur, according to Story.Planning for contingencies and tactical actions
What are the initial three steps in a proper organization's planning process?It's crucial to review key measures that will position you and your business for success before you start the strategic planning process.
Decide on your strategic stance.Set priorities for your goals.Create a plan, then carry it out and manage it.Examine and update the plan.Types of planning
operational, preparation, Motivational speaker for CEOs Mack Story stated on LinkedIn that operational strategies are about how things should proceed. ...
Planning strategically. Strategic plans are all about the reasons why certain things must occur, according to Story.Planning for contingencies and tactical actions
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11. an investor writes a december put option with a strike price of $30. the price of the option is $4. under what circumstances does the investor make a gain?
If the price falls below $26, the investor will start to incur losses, and if the price falls below $30, the investor will have to buy the asset at $30, resulting in a loss.
The investor will make a gain if the price of the underlying asset, which the option is based on, stays above $30 by the expiration date of the option. If the price of the asset falls below $30, the holder of the option has the right to sell the asset to the investor at the strike price of $30. In this scenario, the investor would incur a loss because they would have to purchase the asset at $30 and sell it for less than that.
To calculate the breakeven point, the strike price of $30 should be subtracted from the option price of $4, resulting in a breakeven point of $26. If the price of the underlying asset falls below $26, the investor will start to incur losses. If the price of the asset stays above $26, but below $30, the investor will still make a gain but it will be less than the $4 premium received for writing the option.
In summary, the investor makes a gain if the price of the underlying asset stays above $30 by the expiration date of the option. If the price falls below $26, the investor will start to incur losses, and if the price falls below $30, the investor will have to buy the asset at $30, resulting in a loss.
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In june, cellars, inc. Collected $1,000 from a customer in advance. In july, cellars completed the first half of the job. In august, cellars completed the work. If cellars uses the cash basis of accounting, it will record revenues of ______.
If Cellars, Inc. uses the cash basis of accounting, it will record revenues of $1,000 in June and nothing in July and August for this transaction.
What is the cash basis of accounting?The cash basis of accounting is an accounting method whereby revenues and expenses are recognized when cash is received or paid out.
The cash basis is unlike the accrual basis of accounting. With the accrual basis, revenue is recognized when earned. Expenses are recognized when liabilities are incurred regardless of when cash payment is made.
Data Analysis:Cash Basis:
Cash $1,000 Deferred Revenue $1,000
Accrual Basis:
Cash $1,000 Deferred Revenue $1,000
July: Deferred Revenue $500 Service Revenue $500
August: Deferred Revenue $500 Service Revenue $500
Thus, if Cellars, Inc. uses the cash basis of accounting, it will record revenues of $1,000 in June and nothing in July and August.
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What is a sales lead? A. An employee on the customer service team who deals with existing customers B. A sales person who works on a residual commission structure C. An expert in Maslow's hierarchy of needs D. A potential customer who has shown interest in the company's product.
A sales lead is the company's product potential customer who has an interest in the product. Thus, option D is correct.
A sales lead is defined as the prospect with the ability to turn into a customer. The leads expressed their interest in the product by sorting, clicking links, searching the web, etc.
What are the features of sales leads?The sales leads are the consumer with the potential to become customers of the company's product. The leads express their interest in the product and increase the sales.
The market analysis and study of sales lead by the company helps in the formulation of the strategy for the increased market revenue.
Thus, sales leads are the potential customer that shows interest in buying the company's product. Thus, option D is correct.
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Solve the problem. round to the nearest cent. stan’s savings account has a balance of $2257. after 5 years, what will the amount of interest be at 10% compounded quarterly? a. $1432.36 c. $112.85 b. $1446.36 d. $1441.36
The addition of interest to the loan or deposit principle is known as compound interest. The amount of interest compounded at 10% weekly after 5 years is $1441.36.
Compound interest:
Compound interest, often known as interest on interest, is the practise of adding interest to the principle amount of a loan or deposit. This is what happens when money is reinvested rather than paid out, resulting in interest being paid on both the principle and interest already collected in the next quarter.
A=P(1+(r/n)^nt)
where A is the final sum.
P represents the primary sum.
The interest rate is r.
The number of interest charges made in a year is n.
The number of years is t.
Stan has a $2257 amount in his savings account. Consequently, following five years, the balance will be,
A=$2257(1+(0.1/4)(4*5))
= $2257(1.6386) (1.6386)
= $3698.36
Now, the interest rate will be,
Interest calculated as: $3698.36 - $2257
= $1441.36
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. determine the predetermined overhead rate used (based on direct materials cost). 2. only one job remains in work in process inventory at year-end. its direct materials cost is $30,000. how much direct labor cost and applied overhead are assigned to this job?
The predetermined overhead rate used is $2.50 per dollar of direct materials cost, and the amount of direct labor cost and applied overhead assigned to the job is $12,000 and $75,000, respectively.
Predetermined overhead rate = Estimated total manufacturing overhead cost / Estimated total direct materials costFor example, if the estimated total manufacturing overhead cost for the period is $500,000 and the estimated total direct materials cost is $1,000,000, then the predetermined overhead rate would be:Predetermined overhead rate = $500,000 / $1,000,000 = 0.50 or 50%Therefore, the predetermined overhead rate based on direct materials cost is 50%.The formula for the total manufacturing cost of a job is:Total manufacturing cost = Direct materials cost + Direct labor cost + Manufacturing overhead costSince we know the direct materials cost for the job is $30,000, we can use the predetermined overhead rate to estimate the manufacturing overhead cost for the job. The formula for the manufacturing overhead cost assigned to the job is:Manufacturing overhead cost = Predetermined overhead rate x Direct materials costTherefore, the direct labor cost assigned to the job is $0 and the applied overhead is $15,000. This means that the total cost of the job in work in process inventory is $45,000.
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What is generally one of the major differences between union and nonunion workers?
Union workers earn more money for similar work.
Union workers have more skills and training.
Union workers are more productive employees.
Union workers have more education.
Answer:
Union workers earn more money for similar work.
Explanation:
A labour union is when a group of workers come together to form an association for the benefit of members of the union. Labour unions have a higher bargaining power when compared with non union workers. This increases their potential for higher wages and better working conditions
Examples of labour unions in the US include :
American Federation of State, County, and Municipal Employees American Federation of teachers United Food and Commercial Workers United Auto WorkerA time draft is a negotiable instrument, which means that it
Multiple Choice
can be sold to an investor.
has no value given the deferred nature of the document.
is also known as a bill of lading.
cannot be transferred.
is generally not preferred in international transactions.
A time draft is a type of negotiable instrument that is often used in international trade transactions. They are not always preferred in international transactions. This is because they can be difficult to enforce in certain jurisdictions. Additionally, the deferred nature of the payment can create uncertainty and risk for all parties involved. The correct option is e.
This type of instrument represents a promise to pay a certain amount of money at a future date. A time draft is also known as a bill of exchange. One of the key features of a time draft is its negotiability. This means that the holder of the draft has the right to transfer ownership of the instrument to another party. This can be a valuable feature for businesses that need to raise funds quickly or for investors looking for opportunities to purchase debt securities.
When a time draft is sold to an investor, it is usually done at a discount to the face value of the instrument. The investor then has the right to collect the full amount of the draft when it matures. This discount represents the interest that the investor will earn on the investment. Overall, a time draft is a negotiable instrument that can be sold to an investor. However, it is important to carefully consider the risks and benefits before using this type of instrument in an international trade transaction. The correct option is e.
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Under the new revenue recognition guidance in ASC Topic 606, a performance obligation is satisfied over time if:
Multiple Choice
a. the firm’s performance does not create an asset with an alternative use and the firm has a right to receive payment for its performance to date.
b. the customer simultaneously receives and consumes the goods and services provided by the firm.
c. the firm’s performance creates or enhances an asset under the customer’s control.
d. any of these answer choices is correct.
According to ASC Topic 606, a performance obligation is satisfied over time if any of the conditions mentioned in options a, b, and c are met. Therefore, the correct answer is d.
Under the new revenue recognition guidance in ASC Topic 606, a performance obligation is satisfied over time if any of the following conditions are met:
a. the firm's performance does not create an asset with an alternative use and the firm has a right to receive payment for its performance to date. This condition applies when the firm's performance does not result in the creation of a distinct asset that can be used by the customer and the firm is entitled to payment for the work performed to date.
b. the customer simultaneously receives and consumes the goods and services provided by the firm. This condition applies when the customer receives and benefits from the firm's performance as it occurs, such as in the case of services rendered or perishable goods consumed.
c. the firm's performance creates or enhances an asset under the customer's control. This condition applies when the firm's performance results in the creation or enhancement of a distinct asset that is controlled by the customer.
Therefore, under the new revenue recognition guidance, a performance obligation can be satisfied over time if any of these conditions are met. This allows for flexibility in recognizing revenue based on the specific circumstances of each transaction.
According to ASC Topic 606, a performance obligation is satisfied over time if any of the conditions mentioned in options a, b, and c are met. Therefore, the correct answer is d. any of these answer choices is correct. The new revenue recognition guidance provides more specific criteria for recognizing revenue over time, taking into account factors such as asset creation, simultaneous receipt and consumption, and the right to payment for performance to date.
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true or false: subcontracts with the status of out for bid or out for signature will be reflected on the budget. true false
The statement that "subcontracts with the status of 'out for signature' or 'out for bid' will be reflected on the budget is true because it correctly specifies the status of subcontracts of types out for signature' or 'out for bid'.
Subcontracts with the status of "Out for Bid" or "Out for Signature" will likely be reflected on the budget. These status designations indicate that the subcontract is in the process of being negotiated or finalized, and that it is expected to be signed and approved in the near future. As such, the anticipated costs associated with the subcontract should be included in the budget, so that the overall financial picture of the project is accurate and up-to-date.
This helps to ensure that there are sufficient resources available to complete the project as planned, and to make adjustments as necessary to accommodate changes in the subcontract status.
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When a US Airways flight crashed into the Hudson River, all members of the fight crew knew exactly what to do, without waiting for orders. As a result of their actions, a disaster was averted, and all
passengers were rescued. This is an example of:
A) transformational leadership
B) a leadership substitute
C) a leadership neutralizer
D) coercive power
E) virtual leadership
As a result of their actions, a disaster was averted, and all passengers were rescued. This is an example of a leadership substitute.
leaderships substitutes are variable that make leadership unnecessary for subordinates and reduce the extent to which subordinates rely on their leader.
It clarify role expectations, motivate organizational members or satisfy members. In some cases, these substitutes supplement the behavior of a leader.
A leadership substitutes is something that acts in place of the influence of a leader and makes leadership unnecessary.
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if u in my comments pressed imma get disrepectfull am i right or wrong ?
Answer:
Explanation:
wrong
Find the interest on the following loan.
$1050 at 5.5% for 9 months
Answer: The answer would be $57.75
Explanation:
1050 x 0.055(the interest rate) = 57.75
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