A spreadsheet that combines petty cash with all the company's bank accounts is an example of a summary schedule. Hence, the correct option is (a) Summary Schedule.
A spreadsheet is a software application that is used for the organization, analysis, and storage of numerical and financial data. They offer a wide range of features that allow users to perform calculations, create graphs, and analyze data in a variety of ways. There are different types of schedules that are used for accounting purposes.
The following are some of the most common types of schedules:
Summary ScheduleLead ScheduleBalance Corroborating DocumentWorking Trial Balance Corroborating DocumentA summary schedule is a document that shows a summary of various account balances or amounts in a table format. Petty cash is one of the accounts that can be combined with all the company's bank accounts in a summary schedule. This is particularly useful when trying to create a detailed report that combines all financial information.
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How can you get your money back if you send a p2p payment to the wrong person?.
When a payment is sent to the wrong person using p2p, the money cannot be gotten back since it is equivalent to giving money to a wrong account. However, the person can lay a complaint to the customer service to take action.
What is P2P Payment?P2P payment is a system of payment where money is sent to another member of the crypto community in exchange for a coin to be sent to the individual's wallet. It is equivalent to giving someone cash.
When a user mistakenly sends money to the wrong person, the money cannot be gotten back. But if the sender has the details of the wrong receiver, an appeal can be made for the money to be reversed. However, if this is not the case, then the money would have to be forfeited.
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Why do the media sensationalize issues?
A.
to generate interest in a story, attracting readers or viewers
B.
to ensure that both sides of a story are explored
C.
to remove bias from a story
D.
to make sure that only the most important issues get news coverage
Please select the best answer from the choices provided
A
B
C
D
Answer:
A. to generate interest in a story to attract viewers and readers
price company provides cleaning services to customers for $10,000 cash. what are the effects of this transaction on the accounting equation?
Increase assets and Increase retained earnings are the effects of this transaction on the accounting equation.
It is computed by deducting all of your obligations from the total value of your assets. Net worth is a measure of what you possess minus what you owe. Your house is likely your most significant asset, with investments, cars, collectibles, jewellery, and other expensive items rounding out your financial holdings. Obtaining a house assessment for your primary dwelling is also a crucial part of accurately calculating the worth of your assets rather than approximating it. Another strategy to improve your total net worth is to reduce liabilities by paying off debt, paying off loans, or doing other actions. Over the course of your life, your net worth will alter as a reflection of your ongoing financial stability. Due to its regular balance, assets are enhanced by debits.
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why should dollar and relative differences be used jointly in variance analysis? group of answer choices all of the above because variance analysis is done for revenue, cost of goods sold and variable labor because dollar differences might fail to recognize the magnitude of percentage variances and it might appear insignificant if analyzed separately because managers need to utilize the budget report to compare actual results to the budget
Dollar and relative differences be used jointly in variance analysis because managers need to utilize the budget report to compare actual results to the budget
Business leaders must conduct a budget-to-actual comparison. This process involves analyzing financial data to determine how closely a company's spending and revenue match the financial forecasting projections included in its budget.
By taking the time to conduct this comparison, business leaders can determine whether any areas require additional funding, whether the budget is realistic, and whether they are on track to meet their long-term goals.
There are a number of reasons why there will be differences between the budget and the actual expenditures and revenues. These differences can arise as a result of the economy's strength, consumer needs or preferences, or competitor actions. Because these variables can be unpredictable, it is critical for small businesses to consider the precise cause or causes that resulted in the variance.
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Which of the following is a benefit of a bank?
A. You can get your cash quickly and easily.
B. A bank is insured by the federal deposit insurance corporation
C. You assets are safe from theft, loss, and fires
D. All the above
Answer:
D
Explanation:
Answer:
D. All the above
Explanation:
Jackson is working late at night on a project that is due the next day. he is not sure how to print his word document, and it is too late to call or text his teacher. what what is the best option for Jackson?
Decided not to print the document
Provide negative feedback to office online
Type a question in the "tell me what to do" box
View accessibility options
Answer:
Type a question in the “Tell me what you want to do” box.
Explanation:
Did the test myself and got it right.
Answer:
click the tell me what to do box
Explanation:
When the actual price in some market is above the equilibrium price, the resulting market condition is known as
When the actual price in some market is above the equilibrium price, the resulting market condition is known as Excess Supply.
What is an Excess Supply?An excess supply is a condition where there is a surplus of goods in the market. In this condition, the price would have tiled above the equilibrium curve.
Excess supply can also be known as surplus. When the actual price of a good is above the equilibrium price, there tends to be a condition called excess supply.
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two firms, firm a and firm b, have identical cost curves, yet firm a operates in perfect competition and firm b operates in monopolistic competition. in the long run, what can we say about the price and output that each firm charges?
Valid criticisms of evaluating performance based on return on investment (ROI) include managers may ______.
Valid criticisms of evaluating performance based on return on investment (ROI) include managers may overlook non-financial aspects of business operations that are important for long-term success.
Focusing only on financial returns may cause managers to neglect important intangible factors such as employee satisfaction, customer experience, and social responsibility.
Another criticism is that ROI is a backward-looking measure and does not account for future growth and potential. ROI only considers the financial outcome of a past investment, and does not take into account the potential for future growth or the possibility of market changes. This can lead managers to focus on short-term gains at the expense of long-term strategic planning and investment.
Additionally, ROI is often influenced by factors outside of the manager's control, such as macroeconomic conditions or industry trends. This can result in managers being unfairly penalized for poor ROI even if they made sound investment decisions.
Lastly, ROI may not be an appropriate measure for certain types of businesses, such as those in the non-profit sector or those focused on social and environmental impact. These businesses may prioritize non-financial goals over financial returns, making ROI an inadequate performance measure.
In conclusion, while ROI can be a useful tool for evaluating financial performance, it should not be the sole metric used by managers as it may lead to overlooking non-financial aspects, neglecting long-term strategic planning, being unfairly influenced by external factors, and being an inadequate measure for certain types of businesses.
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Why do you think it is important to understand GDP?
Repetitive operations in manufacturing use? general-purpose machines. job-order schedules. highly specialized equipment. short production runs.
In repetitive operations in manufacturing, general-purpose machines are commonly used. These machines are designed to perform a variety of tasks and are suitable for handling a range of products. They are versatile and can be easily reconfigured or reprogrammed to accommodate different production needs.
One of the advantages of using general-purpose machines is their flexibility. They can handle different types of operations and adapt to changing production requirements. For example, in an assembly line, general-purpose machines can be used to perform tasks such as drilling, cutting, or shaping different components of a product.
Another benefit of using general-purpose machines is their cost-effectiveness. Since they can be used for a variety of tasks, the investment in these machines can be spread across multiple production processes, reducing the overall cost of manufacturing.
On the other hand, highly specialized equipment is not typically used in repetitive operations. Specialized equipment is designed for specific tasks and may not be suitable for handling a wide range of products or operations. These machines are usually expensive and require extensive training and expertise to operate and maintain.
In terms of scheduling, repetitive operations often follow a production schedule known as a job-order schedule. This schedule outlines the sequence of tasks or operations to be performed in a specific order. It helps ensure that each step in the manufacturing process is completed in the correct sequence, leading to efficient production.
Additionally, repetitive operations often involve short production runs. This means that a relatively small quantity of a particular product is manufactured at a time. Short production runs allow for quick adjustments to production processes, enabling manufacturers to respond to changing market demands or customer requirements.
To summarize, repetitive operations in manufacturing commonly use general-purpose machines due to their versatility and cost-effectiveness. They follow job-order schedules to ensure efficient production and often involve short production runs to enable flexibility and responsiveness in manufacturing processes. Highly specialized equipment is not typically used in repetitive operations as it may not be suitable for handling a wide range of products or tasks.
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Actionow and becca enter into an oral contract in which becca agrees to work on a project for actionow for eighteen months. This contract is enforceable by?.
ActioNOW and Becca entered into an oral contract protected by the Statute of Frauds where Becca agrees to work on a project for ActioNOW for eighteen months, the enforcers of this contract are (b) none of the choices.
Who can make this agreement enforceable?
Being an oral contract, the deal between Becca and ActioNOW is protected by the Statute of Frauds. An oral agreement must, however, be less than $500 in value of it to be recognized as valid under this statute.
The duration of the goods or services must also be less than a year. The government cannot enforce this contract since Becca and ActioNow committed to a contract that would last 18 months, which is longer than a year, and it is not enforceable under the Statute of Frauds.
Choices consist of:
• ActioNOW.
• Becca.
• any third party, such as ActioNOW’s clients.
• none of the choices
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The question was incomplete. Check below the full question
ActioNOW and Becca enter into an oral contract in which Becca agrees to work on a project for ActioNOW for eighteen months. This contract is enforceable by: Select one:
a. ActioNOW.
b. none of the choices.
c. Becca.
d. any third party, such as ActioNOW's clients.
1. Looking at Nigeria as a potential emerging market, mention and explain 4 factors you think are preventing Nigeria from becoming an excellent emerging market to invest in? 2. If you were given the chance, resources and power to change Nigeria, which one out of the 4 problems identified above would you try to solve and how would you do it?
do not understand what you are saying
Question #2: Why should we simplify expressions in algebra Using race
Answer:
Why should we simplify expressions in algebra Using race?
Learning how to simplify an expression is the most important step in understanding and mastering algebra. Simplification of expressions is a handy mathematics skill because it allows us to change complex or awkward expressions into simpler and compact forms.
xXxAnimexXx
Have a great day!
The liberty of man in society is to be under no other legislative power but that established by consent in the commonwealth.
Answer: The liberty of man, in society, is to be under no other legislative power, but that established, by consent, in the commonwealth; nor under the dominion of any will, or restraint of any law, but what that legislative shall enact, according to the trust put in it.
Explanation:
Which type of firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment?Assemble-to-orderMake-to-orderEngineer-to-orderMake-to-stock
firm invests in lean manufacturing programs in order to improve customer service levels for a given inventory investment is make-to-stock.
What is the meaning of investment?Utilizing funds today in the anticipation of a future gain is investing. Investing is the act of using capital—such as time, money, effort, etc.—in the expectation of getting back more than what was initially put into it. You can choose from a pool of four fundamental asset classes, or investing subcategories. Every one differs in its characteristics, risks, and benefits. investment strategies used as a basis, such as growth and defence strategies, etc.
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8. Problem 5.08 (Loan Amortization and EAR) eBook Problem Walk-Through You want to buy a car, and a local bank will lend you $20,000. The loan will be fully amortized over 5 years (60 months), and the nominal interest rate will be 8% with interest paid monthly. What will be the monthly loan payment? What will be the loan's EAR? Do not round intermediate calculations. Round your answer for the monthly loan payment to the nearest cent and for EAR to two decimal places. Monthly loan payment: $ EAR: %
Monthly loan payment: $399.19
EAR: 8.30%
To calculate the monthly loan payment, we can use the formula for the monthly payment of an amortized loan:
\[Monthly Payment = \frac{P \cdot r \cdot \((1+r)^n}{(1+r)^n - 1}\]\)
Where:
P = Principal amount (loan amount) = $20,000
r = Monthly interest rate = Annual interest rate / Number of months in a year = 8% / 12 = 0.00667
n = Total number of payments = 60
Plugging in the values:
\[Monthly Payment = \frac{20,000 \cdot 0.00667 \cdot \((1+0.00667)^{60}}{(1+0.00667)^{60} - 1} ≈ $399.19\]\)
To calculate the Effective Annual Rate (EAR), we use the formula:
\[EAR = (\(1 + \frac{r}{m})^m - 1\]\)
Where:
r = Annual interest rate = 8%
m = Number of compounding periods per year = 12 (monthly payments)
Plugging in the values:
\[EAR = \((1 + \frac{0.08}{12})^{12\)} - 1 ≈ 0.0830 = 8.30%\]
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what is example of an interest leading to a career choice
Answer:
"I have always been interested in cars so I became a auto mechanic." or "I have always been interested in cars so I decided to work at a car dealership."
Explanation: A big interest that you have that leads you to pick a job related to that interest.
One of the major trends in the lodging sector is that organizations are becoming more international.
O False
O True
Mark this and return
Save and Exit
Nex
Subm
To maximize profit, a monopolist will produce and sell a quantity such that for the last unit sold, marginal revenue equals marginal cost, and charges a price given by the demand curve at that output level.
a. True
b. False
Answer:
True.
Explanation:
True, the statement given is true because the profit maximization condition of the monopolist is “MR=MC” and it charges the price that is derived from the demand curve. For a monopolist, the demand curve and the marginal revenue (MR) curve is downward sloping. Therefore, the point where the marginal cost (MC) curve cuts the marginal revenue (MR) curve is the profit-maximizing point.
The first assumption of rational choice theory says that consumers seek _____ and make their choice on that basis.
Answer:
D. one optimal solution to a problem.
Explanation:
The Rational Choice Theory is proposed by Adam Smith in the late eighteenth century. The Rational choice theory is used in number of fields such as philosophy, economics, and psychology.
According to this theory, people tend to make choices that includes self-interest and will benefit them in the long run. The first assumption of rational choice theory is that consumers seek personal preference and one optimal solution to a problem and make decision based on this preferences.
Therefore, the correct option is D.
What is a handshake?
Explanation:
A quick gesture individual make involving the connection of both persons forearms proceeding to move them up and down
Top management notices a variation from budget and an investigation of the difference reveals that the department manager could not be expected to have controlled the variation. Which of the following statements is applicable? Department managers should be credited for favorable variances even if they are beyond their control. Department managers should only be held accountable for controllable variances for their departments. Department managers' performances should not be evaluated based on actual results to budgeted results. Department managers should be held accountable for all variances from budgets for their departments.
Department managers should only be held accountable for controllable variances for their departments.
When there is a variation from budget, it is important to investigate the cause of the difference. In this scenario, it has been determined that the department manager could not have controlled the variance. Therefore, it would not be fair to hold them accountable for something that was beyond their control. However, it is still important to hold them accountable for controllable variances that they could have prevented or managed.
In order to evaluate department manager performance accurately, it is necessary to distinguish between controllable and uncontrollable variances. Department managers should be credited for favorable variances that are beyond their control, but they should be held accountable for all controllable variances for their departments.
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Select the statement below that describes a post-closing trial balance. Multiple choice question.
A. It is a listing of all permanent accounts and their balances after closing.
B. It is a listing of all temporary accounts and their balances after closing.
C. It is a financial statement that describes all revenue and expense accounts after closing,
D. It is a listing of all permanent accounts and their balances immediately after the adjusting process.
The post closing trial balance is A. a listing of all permanent accounts and their balances after closing.
What is the post closing trial balance?It shows the balances of permanent accounts (balance sheet items) at the closing of the reporting period. Helps compare debits to credits.The post closing balance sheet allows a company to balance its accounts by comparing the balances on the debit side with the credit side. Adjustments can then be made.
In conclusion, option A is correct.
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why might alexandria choose a local movie theater when she could see the same movies for less at a corporate establishment
It can be inferred that Alexandria may exhibit the above traits because of her philosophy of always helping local businesses. This may come from the understanding that local businesses support and create more employment.
Why is employment important?Employment is critical because it ensures that aggregate demand is constantly growing.
Without aggregate demand, there won't be supply and the economy collapses.
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what does the release of earnings announcements have in common?
Answer:
Analysts estimate both of these things ahead of time. Engines are the most expensive and heavy component of an aeroplane, therefore they are meticulously developed.
Explanation:
A ________ state is one with unstable leadership, whose policies are driven by ideology rather than by economic or human costs and benefits.
A rogue state is one that has unstable leadership and the policies are driven by ideologies instead of economic costs or benefits.
What is a state?A state is a territory that belongs to one country. It is having its own government which runs that particular state or province.
A rogue state is a kind of state which is responsible for shattering and disrupting global laws and is also considered a danger to other countries or nations in the whole world. North Korea, Libya, Iran, Iraq, and Cuba are labeled as rogue states. These states are not driven by an economy and are actually driven by the ideologies developed by their presidents.
Therefore, the state is driven by ideologies instead of an economy that is considered to be a rogue state.
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influences of Business environment,
Factors that Influence the business environment are :
Economic environmentSocial environmentTechnological environmentPolitical environmentLegal environment
The business environment means the total of all the individuals, and institutions that could affect the working of the business firm.
Importance of business environment:
Business environments help the firm to prepare itself for every possible obstruction or hindrance that can affect the functioning of the firm.It also helps the firm to adjust to frequent changes.The economic environment is all the things that create an economic impact on the firm.
The social environment is all the traditions and customs of the society that creates an impact on the firm.
The technological environment is all the impact on the firm caused due to new technology and upgradations.
The political environment is the conditions and behavior that the elected representatives hold toward the business
The legal environment is entirely based on the rules and legislation of the authorities.
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In the following pictograph, how many books has Group 3 read?
18
25
15
12
Answer:
15 is the answer you are looking
inventory at the beginning of the year cost $13,300. during the year, the company purchased (on account) inventory costing $83,500. inventory that had cost $79,500 was sold on account for $94,600. at the end of the year, inventory was counted and its cost was determined to be $17,300.a) Calculate the cost of goods sold.b) What was the dollar amount of Gross Profit?c) Prepare journal entries to record these transactions, assuming a perpetual inventory system is used.
a) Calculation of the cost of goods sold:
In order to calculate the cost of goods sold, we will use the following formula:
Beginning inventory + Inventory purchased - Ending inventory = Cost of goods sold
The given values are:
Beginning inventory = $13,300
Inventory purchased = $83,500
Inventory sold = $79,500
Inventory remaining = $17,300
Now let's plug in these values into the formula:
Cost of goods sold = $13,300 + $83,500 - $17,300
= $79,500
Therefore, the cost of goods sold is $79,500.
b) Calculation of Gross Profit:
To calculate the Gross Profit, we will use the following formula:
Revenue - Cost of goods sold = Gross Profit
The given values are:
Inventory sold = $79,500
Revenue from sales = $94,600
Now let's plug in these values into the formula:
Gross Profit = $94,600 - $79,500
= $15,100
Therefore, the Gross Profit is $15,100.
c) Journal entries to record these transactions:
Given that a perpetual inventory system is used, we need to make journal entries for every transaction. Journal entries for the given transactions are as follows:
To record the purchase of inventory on account:
Inventory A/c ……Dr 83,500
Accounts Payable A/c ……Cr 83,500
(Being purchase of inventory made on account)
To record the sale of inventory on account:
Accounts Receivable A/c ……Dr 94,600
Sales A/c ……Cr 94,600
(Being the sale of inventory made on account)
To record the cost of goods sold:
Cost of goods sold A/c ……Dr 79,500
Inventory A/c ……Cr 79,500
(Being the cost of goods sold during the year)
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