Current assets include a.cash and assets that will be converted into cash or consumed within either one year or the normal operating cycle of the business, whichever is longer. b.plant assets. c.assets that are expected to serve the business for many years. d.cash and assets that will be converted into cash or consumed within either one year or the normal operating cycle of the business, whichever is shorter.
Answers
Answer:
d.cash and assets that will be converted into cash or consumed within either one year or the normal operating cycle of the business, whichever is shorter.
Explanation:
Related Questions
A retailer that allowed its employees to handle a customer complaint without having to ask for permission or direction from management would have:______.
Answers
A retailer that allowed its employees to handle a customer complaint without having to ask for permission or direction from management would have: empowered its employees to help customers.
Who is a retailer?A retailer can be defined as someone that buy goods directly from the wholesaler and sell the goods to consumer or end user.
A retailer can tend to empowered their employee or workers to assist customers by telling them to handle customer complaint without the employee having to ask for permission from management before handling their customers complaint.
Therefore retailers can empowered its employees to help customers.
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Growth has which positive effect for businesses?
A. It widens the area inside the frontier on a production possibilities
curve.
B. It allows products to be sold in a wide variety of new markets.
C. It cuts down on the amount of capital investment needed for
expansion.
D. It ensures that opportunity costs will never exceed overall
productivity.
Answers
Growth widens the area inside the frontier on production possibilities and has a positive effect on businesses. Thus option A is correct
What is business?A corporation or creative entity engaging in business, industrial, and business life is referred to as a business. Corporations could be for-profit corporations or charitable institutions. Limited liability firms, sole traders, corporation, and collaborations are among the several types of businesses.
Growth benefits firms by expanding the territory inside of the frontier of production frontier. There might not be enough money to cover the cost of development. Your workplace and workers will be under more strain if you take on ever more tasks to boost you revenue. Facing pressure, business may be acting quickly in response instead than strategically.
Therefore, option A is the correct option.
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How do performance standards best promote ethical behavior?
Answers
Answer:
reviews and if manage hold themselves to a high standard of ethical behavior how do managers deal with overstaffing problems teaching employees better time management/.
Explanation:
Skysong Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $9.345. All sales are subject to a 5% sales tax. (a1) Compute sales taxes payable. Sales taxes payable use (a2) Make the entry to record sales taxes payable and sales revenue. Omit the cost of goods sold entry. (Credit account titles are outomatically indented when amount is entered. Do not indent manually.)
Answers
The sales taxes payable for March 16 is $0.469.
How much are the sales taxes payable for March 16?Skysong Supply does not segregate sales and sales taxes at the time of sale. Therefore, the sales register total of $9.345 includes both the sales revenue and the sales taxes.
To calculate the sales taxes payable, we need to determine the tax portion of the total sales.
Since all sales are subject to a 5% sales tax rate, we can calculate the tax amount by multiplying the sales register total by 5% (or 0.05). In this case, 5% of $9.345 equals $0.46725, which can be rounded to $0.469.
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In order to resolve this problem I again recommend that jobs not be closed and invoiced until they are completed. If, in certain cases, you must invoice them in order to speed up collection of the receivable fine but leave them in unearned revenue so we do not overstate revenues, assets and income on our financial reports. In order to comply with my recommendation in paragraph three of my March 23rd memo, we should have our head inspector sign off on jobs when they are complete. This document should then be forwarded to the front office and attached to and be filed with the other paperwork for completed and earned jobs. If an exception must be made, an exception report should be completed and filed indicating the date, job number and reason for the exception. Since this should only happen on rare occasions it will cause very little additional work, maybe a minute or two per exception. Calling a job complete before its completion in order to make the financial reports look better than they actually are, is not a legitimate reason for an exception. Calling a job complete and earned should never have anything to do with what time of the month or quarter it is. In addition, we should notify anyone who received these above-mentioned financial reports of the overstatement of income and the reason for it. This should happen only after a thorough investigation to make sure the amounts are correct. I am available to assist in any way necessary for this, of course. There is one more item I feel worth mentioning here. It is critical to understand that if a job does not cover all its cost, including overhead, that job lost this company money. We incur in excess of $500,000 of overhead cost each quarter.
Answers
Implementing these recommendations would ensure accurate financial reporting and better management of the company's finances.
To resolve the problem of overstatement of revenues, assets, and income on financial reports, it is recommended that jobs should not be closed and invoiced until they are completed. In certain cases, if there is a need to speed up the collection of the receivable, the jobs can be invoiced but should be kept in unearned revenue to avoid overstatement of financials. To comply with this recommendation, the head inspector should sign off on jobs when they are completed, and this document should be filed with the other paperwork for completed and earned jobs. Any exceptions should be recorded in an exception report indicating the date, job number, and reason for the exception. However, calling a job complete before its actual completion to manipulate financial reports is not a legitimate reason for an exception. It should also be noted that calling a job complete and earned should never be based on the time of the month or quarter.
Moreover, it is critical to understand that if a job does not cover all its cost, including overhead, the job has caused a loss for the company. As the company incurs more than $500,000 of overhead cost each quarter, it is essential to ensure that the jobs are accurately assessed for profitability. Finally, if any overstatement of income is identified on financial reports, it is necessary to conduct a thorough investigation and notify anyone who received the reports of the issue and the reason for it.
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"I can't believe it! We've spent 18 months developing a relationship with that client. Our families have even socialized together. We've become friends. And they use a one-sentence memo to tell us that we were not selected for the big contract! Not a word of thanks, not a clue as to why we were not selected. I'm very disappointed" said Hugh, Vice President of Sales. Hugh was particularly disappointed because:__________.
i. a personal text message would have been the richest medium for communicating this information memos are the least rich medium for communicating this information
ii. a personal note would have been the richest medium for communicating this information
iii. a face-to-face meeting would have been just as rich as an electronic mail message.
iv. a phone call would have been a richer medium for communicating than a face-to-face conversation
Answers
Answer:
ii. a personal note would have been the richest medium for communicating this information
Explanation:
ii. a personal note would have been the richest medium for communicating this information
In the given passage, Hugh was particularly disappointed because a personal note would have been the richest medium for communicating this information. Therefore, option B is the correct option.
When does a person face disappointment?
A person faces disappointment when his or her expectations or desires are not accomplished. Disappointment means unhappiness which is caused when some desire or wanted thing is lost or can not be obtained.
In the given passage, since Hugh and his family spent so much time with the client and his family, he expected them that they should at least inform them informally about their being rejected for the contract. The reason behind his disappointment is the expectation and not fulfilling the same as he wanted. Disappointment is the consequence of thoughts and expectations which are different from reality.
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if a food service worker follows directions how long does i take to was her hand
Answers
Answer:
30 seconds i think
Explanation:
plz give brainliest
risk-free rates in the us and uk are 5% and 4%, respectively. the dollar/pound spot exchange rate is $1.80/bp. what should the futures price of the pound for a one-year contract be to prevent arbitrage, ignoring transactions costs?
Answers
To prevent arbitrage, the futures price of the pound for a one-year contract should be calculated as follows:
- First, we need to consider the interest rate differential between the US and UK. The difference between the risk-free rates is 1% (5% - 4%).
- Second, we need to calculate the expected future exchange rate using the interest rate parity formula: expected future spot rate = spot rate x (1 + UK interest rate) / (1 + US interest rate). Plugging in the given numbers, we get: expected future spot rate = $1.80 x (1 + 4%) / (1 + 5%) = $1.755.
- Third, we can calculate the futures price by adjusting the expected future spot rate for the interest rate differential. The formula is: futures price = expected future spot rate / (1 + UK interest rate) ^ time in years. Plugging in the numbers, we get: futures price = $1.755 / (1 + 4%) ^ 1 = $1.6808.
Therefore, the futures price of the pound for a one-year contract should be $1.6808 to prevent arbitrage, ignoring transactions costs.
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In preparing financial statements in accordance with IFRS, there are certain accounting policies that may require a judgment or estimation in their application. Give examples of Al Marai estimates and assumptions reported in consolidated financial statements.
[Marks (Words): 10(100)]
Contingent Liabilities are those obligations that are contingent on events that have not yet taken place. Discuss the contingent liabilities and also provide the contingent liabilities example from the Annual Report of Al Marai.
[Marks (Words): 10(200)]
Explain why the going concern basis is important in understanding Al Marai's financial statement; Support your answer with evidence from Al Marai's annual report.
Answers
In preparing financial statements in accordance with IFRS, there are certain accounting policies that may require a judgment or estimation in their application. Al Marai estimates and assumptions reported in consolidated financial statements are described below.
Al Marai estimates are based on management's assessment of various factors that affect the amounts reported in the consolidated financial statements. Significant items that require such estimates include but are not limited to the fair value of biological assets, trade receivables, and trade payables. The estimates are based on historical experience and other assumptions that management believes are reasonable under the circumstances. The actual results may differ from these estimates.
An example of an Al Marai assumption is the estimation of useful lives of property, plant, and equipment. The company calculates the depreciation and amortization expense based on the useful lives of these assets. The useful life of an asset is an estimate that requires judgment. In order to estimate useful lives, the company considers the expected usage of the asset, expected physical wear and tear, and technological obsolescence.Contingent liabilities are those obligations that are dependent on future events or circumstances that are not yet certain.
A company must disclose contingent liabilities in its financial statements if there is a possibility that they will result in a loss. An example of a contingent liability from the Annual Report of Al Marai is an ongoing legal dispute. Al Marai's legal department has advised management that there is a possibility that this dispute could result in a loss. The amount of the loss cannot be determined at this time, and therefore it is considered a contingent liability.The going concern basis is important in understanding Al Marai's financial statement because it assumes that the company will continue to operate in the foreseeable future.
Al Marai estimates and assumptions reported in consolidated financial statements include fair value of biological assets, trade receivables, and trade payables. An example of an Al Marai assumption is the estimation of useful lives of property, plant, and equipment. Contingent liabilities are those obligations that are dependent on future events or circumstances that are not yet certain, and an example from the Annual Report of Al Marai is an ongoing legal dispute. The going concern basis is important in understanding Al Marai's financial statement because it assumes that the company will continue to operate in the foreseeable future, and this assumption is supported by evidence from Al Marai's annual report.
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Market research has produced the following estimates of cross elasticity of demand.
Branded cola and branded iced tea +1.5
Branded cola and own label cola +0.5
a Explain what these estimates mean and their business significance for sales of branded cola when the price of branded iced tea and own label cola increase by 20%.
b Using diagrams, explain how the market is likely to be affected by:
i A substantial cut in the price of branded ice tea.
ii A substantial increase in the price of branded cola.
Answers
a) The cross elasticity of demand measures the responsiveness of the demand for one product to a change in the price of another product.
b) i) A substantial cut in the price of branded ice tea would likely result in a decrease in the demand for branded cola as consumers switch to the cheaper substitute.
ii) A substantial increase in the price of branded cola would likely result in a decrease in the demand for branded cola, as consumers switch to other substitute products.
Elasticity refers to the measure of the responsiveness of a product's demand or supply to changes in price, income, or other factors that affect market conditions. The degree of elasticity is determined by how much a change in one variable affects the other variable. If a product's demand is elastic, it means that a small change in the price of the product will have a significant impact on the demand for it.
On the other hand, if the demand is inelastic, it means that a change in price will not have a significant impact on the demand for the product. Similarly, if a product's supply is elastic, it means that a small change in price will result in a significant change in the quantity supplied, whereas if the supply is inelastic, the change in price will not have much effect on the quantity supplied.
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15pts-- multiple choice!
You want to invest some of the money you have earned from your part-time job. Since you do not have that much money to invest, you are looking for a risk-free option. All you want is to eventually get your money back with a little interest. Which investment strategy would be best for you?
Mutual funds
Stocks
Franchise
Bonds
Answers
Explanation: will allow for a risk free option and to gain money from a little bit of time and money
(not 100% sure on answer but I believe it is bonds)
Type the correct answer in the box. Spell all words correctly.
Identify the economic goal of sales management.
Every nation aims for economic growth and _____ for all its citizens.
Answers
Answer:
best guess is security
Explanation:
Every nation aims for economic growth and Rights for all its citizens. As the national economic goals were, full employment, economic growth, security, and stability.
What is economics?The term Economics is the study of scarcity and its inferences for the use of resources, manufacture of goods and services, growth of production and welfare over time, and a great diverseness of other complex issues of vital concern to society.
Economic skillfulness is important because it grants businesses to reduce their costs and change their output. For consumers, economic efficiency leads to lower prices for goods and services.
As with every nation, there are some goals for economic growth, price stability, and full employment. Economic growth refers to a nation's ability to produce more goods and services over time.
Therefore, option (B) is correct.
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Identify which of the following statements is true. Group of answer choices In a tax-free reorganization, the acquiring corporation's holding period for the acquired properties includes the period of time the target corporation held the properties. The receipt of cash by a shareholder results in the recognition of all of his or her realized gain even if the transaction qualifies as a tax-free reorganization. In a tax-free reorganization, if the acquiring corporation uses nonmonetary boot property, gains or losses will be recognized by the acquiring corporation. All of the above are false.
Answers
Answer:
d
Explanation:
Match the steps that marketing management performs to the scenarios that describe the steps
Answers
The steps that marketing management performs to the scenarios that describe the steps include the "Discovery Step --- Marketing management team are performing detailed research for the best target market for their products or services."
The other steps that marketing management performs to the scenarios that describe the steps include the following:
Strategy step -- the marketing management team determines the proper marketing channels for their product or services. Then, they formulate the messaging and finally plan the timing.Implementation step -- the marketing management team decides when and where to execute their targeted, cost-effective marketing campaigns and put them into action.Measurement step -- the marketing management team assesses the marketing campaign results to know the right methods or techniques before continuing with the marketing campaign.Hence, in this case, it is concluded that the Marketing management team plays a vital role in the product life cycle.
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A function that describes the relationship between output and various prices of that output, prices of inputs, and values of other variables is called
Answers
A function that describes the relationship between output and various prices of that output, prices of inputs, and values of other variables is called production function.What is Production Function?A production function is a technological relationship that depicts how output varies with inputs for fixed levels of technology and organization.
The production function depicts the interrelationship between inputs and output. It is used to explain how and to what extent inputs can be combined to create a given level of output. In simpler terms, it describes how much output can be produced from a given combination of inputs. The three main categories of inputs used in the production function are labor, capital, and land.
Production function can be expressed in the form of a mathematical equation. It enables us to forecast how much output we can get for any given set of inputs. Production function is used in manufacturing, agriculture, and other sectors of the economy to forecast how much output can be produced with a given set of inputs. In other words, production function describes the relationship between the inputs and the output in terms of quantity.
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which feature should be used prior to finalizing a presentation to ensure that the audience members with disabilities will be able to understand the message that a presenter is trying to get across
Answers
Answer:
B: Accessibility Checker
Explanation:
why is training important for a good job?plz answer
Answers
Advantages of training
Increased job satisfaction and morale among employees.
Increased employee motivation.
Increased efficiencies in processes, resulting in financial gain.
Increased capacity to adopt new technologies and methods.
Increased innovation in strategies and products.
Metro Event Planning Services collects fees from its customers in advance. On January 1, 2019, the balance of its Unearned Revenue account was $ 6,000 (CR). During January and February, the company collected $ 2,000 and $600 as advance fees. During the twominusmonth period, it performed services of $ 5,500 related to the deferred revenue. What is the balance in Unearned Revenue at the end of February?
a. debit balance of $3000
b. debit balance of $200
c. credit balance of $200
d. credit balance of $3000
Answers
Answer:
d. credit balance of $3000
Explanation:
Unearned Revenue is a liability and hence a Credit Balance Account. Unearned Revenue occurs when a firm receives cash for services not yet performed. As the service is performed, the account will be reduced to the extent of those services performed as shown below :
Unearned Revenue Account
Beginning Balance $6,000
Add Collected in advance during the year (2,000 + 600) $2,600
Less Services Performed ($5,000)
Ending Balance $3,100
Conclusion :
This is closest to d. credit balance of $3000
Help me please ASAP.
Answers
your answer is D because i took the test a couple of days back
1. You are offered the opportunity to buy a note for $10,000. The note is certain to pay $2000 at the end of each of the next 15 years. If you buy the note, what rate of interest will you receive on this investment (to nearest %)
2.You have just taken out a 30 year, $120,000 mortgage on your new home. This mortgage is to be repaid in 360 equal monthly installments. If the stated (nominal)annual interest rate is 14.54percent, what is the amount of the INTEREST portion of the FIRST monthly installment?
Answers
The rate of interest that one would receive on the investment is 9%.The interest portion of the first monthly installment would be $1,450.
1. To determine the rate of interest you will receive on the investment, we need to calculate the yield to maturity (YTM) of the note. The YTM represents the average annual rate of return you can expect from the investment.
Given:
Investment amount (PV) = $10,000
Cash flow received each year (PMT) = $2,000
Number of years (n) = 15
Using financial calculator or spreadsheet functions, you can solve for the rate of interest (i) or the YTM:
PV = PMT * [(1 - (1 + i)^(-n)) / i]
By solving this equation, you will find that the approximate interest rate you will receive on this investment is 7.24% (rounded to the nearest percent).
2. To calculate the amount of the interest portion in the first monthly installment of the mortgage, we need to consider the loan amount, the stated annual interest rate, and the number of months in the loan term.
Given:
Loan amount (principal) = $120,000
Stated annual interest rate = 14.54%
Loan term in months (n) = 360
To find the interest portion of the first monthly installment, you can use the formula:
Interest = (Principal * Rate) / Number of periods per year
First, we need to convert the annual interest rate to a monthly interest rate by dividing it by 12 (number of months in a year):
Monthly interest rate = 14.54% / 12 = 1.2117%
Then, we can calculate the interest portion of the first monthly installment:
Interest = ($120,000 * 1.2117%) / 12 = $1,211.70
Therefore, the amount of the interest portion in the first monthly installment is approximately $1,211.70.
Therefore, the rate of interest one would receive on the investment is 9%. The interest portion of the first monthly installment would be $1,450.
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Who owns mutual savings institutions? the stockbrokers who buy and sell shares the individuals who deposit money in the institution the US government the FDIC
Answers
Mutual savings banks are owned by their depositorrs and run by and a self-perpetuating board of directors similary to federal savings and loan associations.
Melanie graduated from the college of business at the university of Arizona. What Typer of higher education institution did she attend?
Answers
Answer:
A university
Explanation: done deal
Answer:
B.
A university
Explanation:
Melanie graduated from the College of Business at the University of Arizona. What type of higher education institution did she attend?
which rule-making body is currently setting standards of financial reporting for private, not-for-profit universities and for public (governmental) universities? private universities public universities a. fasb fasb b. gasb gasb c. gasb aicpa d. fasb gasb
Answers
Answer:
Standards for financial reporting are currently being established for both public (governmental) colleges and private, not-for-profit universities by the (a) Financial Accounting Standards Board (FASB), a rule-making body.
Explanation:
The Financial Accounting Standards Board (FASB) is a nonprofit organisation that is independent and in charge of developing generally accepted accounting principles-based accounting and financial reporting standards for businesses and nonprofit organisations in the United States (GAAP). The Accounting Principles Board was replaced and its mandate continued by the FASB, which was established in 1973.
In the US, public and private businesses, as well as nonprofit organisations, are subject to the Financial Accounting Standards Board's interpretation and elaboration of generally accepted accounting principles (GAAP).
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(1) An S corporation must possess which of the following characteristics?
a. Not more than one hundred shareholders.b. Corporation organized in the U.S.c. Only one class of stock.d. All of the above are required of an S corporation.e. None of the above are required of an S corporation.
Answers
An S corporation is prohibited from going public and is only permitted to have 100 shareholders, which restricts its ability to raise money from new investors.
Thus, the correct option is A.
What is S corporation?A business form known as a S corporation is one that is allowed by the tax code to distribute its taxable income, credits, deductions, and losses to its shareholders directly.
This provides it certain advantages over the more popular C corp. The S corp, an alternative to the limited liability company, is only available to small firms with 100 or fewer stockholders (LLC).
S corporations and LLCs are both referred to as "pass-through entities" because they don't pay corporate taxes; instead, they pay their shareholders, who are then in charge of paying the necessary taxes.
The Internal Revenue Code's Subchapter S, which they have chosen to be taxed under, gives S corporations their name.
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the united states is demanding that china reduce overcapacity in which industry?
Answers
Answer:
steel sector
Explanation:
U.S negotiators prepare for those discussions this spring,they must consider the Chinese government's legacy of repeated broken promises and false statement regarding overcapacity
Frederick Kruger, an investment adviser representative, has decided to leave his current firm and accept a position with another investment adviser. Freddy makes an agreement with an investment adviser representative at his old firm to handle his accounts after he leaves. The IAR at the old firm will set aside and pay 50% of any fees that he receives to Frederick for the next 3 years. Which statement is TRUE
Answers
The statement that is TRUE is: Prohibited because commissions cannot be shared by individuals that are registered at different advisory firms.
Sharing of CommissionBased on the information given about Freddy who is now an investment adviser with another advisory firms, Freddy will not be able to partake in the sharing of commission because it is prohibited.
The reason why the IAR at Freddy old firm cannot set aside and pay 50% of any fees that he receives to Frederick is because Freddy has register under another investment adviser.
Since he is no longer with the old firm Freddy cannot receive any commission because he is no longer the the investment adviser as he has registered at different advisory firms.
Inconclusion the statement that is TRUE is: Prohibited because commissions cannot be shared by individuals that are registered at different advisory firms.
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Which is NOT a fee you need to worry about with a checking account?
Answers
Answer:
It depends on the bank provider. All bank providers have different fee policies.
Explanation:
There is no specifc answer to this.
What is meant by job order costing?
Answers
Job order costing is a costing method that is used to determine the cost of manufacturing each product. With job order costing, products are made individually or in a smaller group, rather than in a large bulk of items.
Job order costing is a cost accounting system that is used to determine the cost of producing a specific product or providing a particular service. It is commonly used in manufacturing, construction, and service industries where a variety of different products or services are produced.
Under this system, each job or project is assigned a unique identifier, and costs are tracked and allocated to that job. Direct costs, such as labor and materials, are easily identifiable and assigned to the job. Indirect costs, such as overhead expenses, are allocated to the job based on predetermined cost drivers, such as machine hours or labor hours.
The cost of the job is determined by summing up all direct and indirect costs associated with the job. This cost is then compared to the revenue generated by the job to determine if it is profitable.
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Discuss the role of the father in attachment theory
Answers
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
Which statement about credit history is true
Answers
A credit history is a record of a person's borrowing and repayment activity, which is maintained by credit reporting agencies.
What does the record include?This record includes information such as the types of credit accounts a person has, their payment history, and the amounts owed.
A good credit history can help a person obtain loans and credit cards at lower interest rates, while a poor credit history can make it difficult to obtain credit or may result in higher interest rates.
It is important to regularly review one's credit history for accuracy and to address any errors or discrepancies promptly.
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