From the following list, identify those that are likely to serve as source documents.

a. Sales ticket
b. Trial balance
c. Balance sheet
d. Telephone bill
e. Invoice from supplier
f. Company revenue account
g. Income statement
h. Bank statement
i. Prepaid insurance

Answers

Answer 1

Answer:

Telephone bill

Sales ticket

Invoice from supplier

Bank statement

Prepaid insurance

Explanation:

Source documents in accounting are defined as the original record of a transaction that contains transaction details and provides evidence that a transaction occurred.

It is source of information entered into the accounting system. They can be printed on paper or electronic in nature.

From the given list the following are source documents: Telephone bill, Sales ticket, Invoice from supplier, Bank statement, Prepaid insurance.

They are sources from which transaction information can be obtained for entry into the accounting system


Related Questions

Weakness of cardinal and ordinal utility

Answers

Cardinal utility is the utility that is quantified and measured numerically. In contrast, ordinal utility is a type of utility that is non-measurable and only identifies the preference order of the consumer.

The following are some of the limitations or weaknesses of the cardinal and ordinal utility approach:Weaknesses of Cardinal Utility:Cardinal utility has certain limitations, such as the following:It's impossible to determine the precise value of the utility. In cardinal utility, consumer satisfaction or happiness is measured in terms of units. However, it is difficult to assign a precise numerical value to utility because it is subjective and varies from person to person.

It assumes that the consumer is rational and can measure satisfaction. Cardinal utility analysis assumes that consumers are rational and can assign a value to their happiness, which may not be the case in practice. Consumers may have irrational preferences, and their satisfaction may be influenced by various psychological factors, making it difficult to measure or assign a value to it.

The law of diminishing marginal utility may not hold true. The concept of the law of diminishing marginal utility states that as we consume more units of a commodity, the marginal utility decreases, but this may not be the case in practice.

Weaknesses of Ordinal Utility:Ordinal utility has several limitations, including the following:It doesn't account for the intensity of preference. Ordinal utility only assesses the preference order of the goods, not the intensity of preference, which may differ from one consumer to another.It fails to establish the degree of satisfaction.

The ordinal utility approach only identifies the order of preference; it does not provide any information on the degree of satisfaction or happiness obtained from a commodity.There is no numerical value for the utility of a commodity. Ordinal utility cannot assign a numerical value to utility because it is a non-measurable concept.

Therefore, it is difficult to evaluate the level of satisfaction for each commodity, making it difficult to conduct mathematical analysis or quantitative analysis.

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Jim has to step into an existing high-priority project as the current project manager has suddenly reported sick just before an important milestone. He finds that the team is exhausted on account of the high workload, morale is low, and the client is pushing forward with previously agreed but clearly unreasonable deadlines. 1. What is the second most effective responsive? Jim decides to set the house in order. He informs his director with a status report detailing the issues, informs him that he would be talking with the client to discuss the deadlines, and needs to sit with the team to review and resolve the issues to the extent possible before the next scheduled delivery. Jim tries to maintain the status quo and presses forward with the team to ensure client deadlines are met, no matter what. It is just a matter of holding the fort till the original project manager is back. Jim decides it is not worth stake his reputation on an ill-fated project, informs his director accordingly with a status report detailing the issues, and excuses himself from the project.

Answers

The second most effective response is, Jim decides to set the house in order. He informs his director with a status report detailing the issues, informs him that he would be talking with the client to discuss the deadlines, and needs to sit with the team to review and resolve the issues to the extent possible before the next scheduled delivery. Option a is correct.

The second most effective response would be option (a). Jim needs to communicate with the director about the situation and then address the issues with the team and client. It is important to set realistic expectations and ensure that everyone is on the same page. Ignoring the problems and pressing forward (option b) could result in further burnout and even more problems down the line.

Walking away from the project (option c) is not a good option either, as it does not address the current situation and could harm Jim's professional reputation. It is important to take responsibility and make an effort to improve the situation to the best of Jim's ability. Option a is correct.

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A cyclically adjusted budget balance: a. is an estimate of what the budget balance would be if real GDP were equal to potential output. b. is the same as the national debt, and it rises as interest cost is accrued. c. shows what the budget balance would be with a significant amount of cyclical unemployment. d. is a good indicator of the depreciation of the capital stock.

Answers

Answer:

a. is an estimate of what the budget balance would be if real GDP were equal to potential output.

Explanation:

A cyclically adjusted budget balance is an estimate of what the budget balance would be if real GDP were equal to potential output. A cyclical adjustment budget balance measures the stance of fiscal policy, as it removes the endogenous components of spending and revenues and its also estimate the budget balance if the economy is in the long run equilibrium.

Mike Klein lives in a state with an income tax rate of
3.5%. What is the state withholding on a weekly gross
income of $456.85?

Answers

the answer is 15.989 (15.99 rounded up).

456.85*3.5=1598.975

1598.975/100=15.98975

Mike Klein lives in a state with an income tax rate of 3.5%. $15.99, is the state withholding on a weekly gross income of $456.85.

By dividing the weekly gross income by the number of weeks in a year, one can compute the annual gross income. Since there are 52 weeks in a year, this is the annual gross income:

456.85 × 52

= 23,747.20

The applicable income tax rate will get the amount of income tax to be withheld. 3.5%, or 0.035 in decimal form, is the income tax rate. Because of this, the amount of income tax that must be withheld is:

23,747.20 × 0.035

= 831.60

In a state where the income tax rate is 3.5%, the state withholding on a weekly gross income of $456.85 is as follows:

831.60 / 52

= 15.99

As a result, the significance of the state withholding on a weekly gross income of $456.85 are the aforementioned.

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Risk always has to do with finances.
O True
O False

Answers

Answer:

True

Explanation:

Explain why the government might prefer to provide incentives to private firms to do investment or research and development, rather than simply doing the spending itself?

Answers

Answer:

One explaination I have heard is that governments are organized for stability and order, which is good, but what they're not good at is creativity and efficiency. The private sector is better at innovation and speed of execuation.

Explanation:

This is only one possible answer of many. I would not consider this answer to be complete.

c) “Shadow price is the increase in value created by having one additional unit of a limiting resource at original cost”. Provide a comprehensive real world example of where a shadow price can be calculated with multiple limiting factors and with more than one product. Your answer should be in a form of a short case study roughly 4 or 5 sentences. (5 marks)​

Answers

A real world example of shadow pricing would be in a case where a manufacturer produces two product A and B with 2 input such as raw materials and labor.

How is this so?

Two products (A & B) are produced through the use of two primary resources: labor & raw materials. To produce one unit of product A, we require roughly an hour's worth (60 minutes) of work time from our available pool.

Also, approximately two pounds worth of our current stockpile must be incorporated into each instance as well. Comparatively speaking, producing one unit from group B takes almost three times that much effort (3 hours' time), but only requires about half as much by weight (a single pound).

Our maximum allowance stands at exactly 60 work-hours across all levels plus another hundred pounds maximum in terms concerning these earthly elements - with that established pricing amounts to a flat rate where five dollars buys us one metric pound whereas ten dollars goes towards hourly wages; so what is their shadow price?

When dealing with limited input availability, the optimal allocation of resources and production process optimization can be achieved using shadow prices. In this regard, it has been determined that labor's shadow price stands at $10 per hour while the shadow price for raw materials is set at $5 per pound.

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based on predicted production of 48,000 units, a company budgets $600,000 of fixed costs and $492,000 of variable costs. if the company actually produces 40,000 units, the flexible budget amount of fixed costs is $600,000.

Answers

Fixed cost that will remain same as $600000 because it does not change even after the increase or decrease of the goods.

Fixed cost is the cost of a business expense that doesn't change even when there's an increase or decrease in the number of goods and services produced or sold. Fixed costs are commonly related to recurring expenses that aren't directly related to production such as rent, interest payments, and insurance. Fixed costs remain the same irrespective of the level of output. Thus the fixed cost in the flexible budget would remain the same as in the static budget. Thus the fixed costs would be $600,000. it will not change.

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The average annual income rises from $25,000 to $38,000, and the quantity of bread consumed in a year by the average person falls from 30 loaves to 22 loaves. What is the income elasticity of bread consumption? Is bread a normal or an inferior good?

Answers

Answer:

the income elasticity of bread is 20/39 and bread is an inferior good

What is an example of a 'Sunk cost" ? *

A the price of food when cooking a meal

B. the price of a video game when buying a birthday present

C. the price of last month's car repairs when getting your car fixed

D the price of college when getting a job​

Answers

Answer:

C. the price of last month's car repairs when getting your car fixed.

Explanation:

The correct option is - C. the price of last month's car repairs when getting your car fixed.

Reason -

A sunk cost is a past cost that you can’t recover.

Which person's life is the best example of wellness? Martin: Studies with friends, does community service, takes pills to go to sleep, and makes friends in class Norman: Drinks plenty of water, skips breakfast to lose weight, keeps a regular study schedule, and reads ahead in classes. Olivia: Drinks plenty of water, skips breakfast to lose weight, has a family dinner every week, and studies with a tutor. Patricia: Goes to the gym, enjoys time with friends, takes extra courses, and reads for enjoyment Norman Olivia Martin Patricia

Answers

Answer:

Patricia has the best wellness so far

Explanation:

Martin: studies with friends, communicating with others? good. Community service? yes, you want to help others. sleeping pills? not healthy, you want genuine sleep. Not forcing yourself to sleep. You might get addicted, that's not good, isn't it?

Norman: Drinking lots of water? good. Skipping breakfast? not good, you still want to eat breakfast, studies say that breakfast is the most important meal of the 3. studying? yeah, and a regular schedule is good. Reading ahead of class? so and so. It's good because you know everything in advance. But what if you miss something? Like the teacher says, oh, we're canceling the test. You study day after day and find out you don't even need to study. That's a waste of time.

Olivia: plenty of water is good. Skipping breakfast again? Not really good. Having family dinners every week? Yeah, Family is important too. Studying with a tutor? Mhm, You should get help if your behind in class.

Patricia: going to the gym? Good exercise, and healthy for your body. Enjoying times with friends? Friends are important in times of need. So yeah, good too. Taking extra courses? yeah, it's important to know what you want to do in the future, or just for fun! No harm at all.

Martin, Norman, and Olivia have just a little problem that they need to fix. Patricia? She's the one.

When and under what conditions might managers change from a functional to a (a) product, (b) geographic, or (c) market structure?

Answers

it’s definitely b it makes the most sense i’m right trust oka

The managers might consider changing from a functional structure to a product, geographic or market structure under various circumstances.

Product Structure: If the organization's products or services become more diverse and complex, a product-based structure may be adopted.

This structure allows dedicated teams for each product line that improving specialization and focus on specific customer needs and markets.

Geographic Structure: When the organization expands into different regions or countries, a geographic structure becomes more suitable.

Market Structure: If the company serves diverse customer segments with unique needs, a market-based structure can be more effective.

This structure involves creating separate divisions or teams for each market segment which allowing targeted strategies and focused marketing efforts.

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Which best describes how consumers may benefit from specialization?
Consumers can only purchase high-quality goods.
Consumers have more price options.
O Consumers receive more sale offers.
O Consumers find products at lower prices.

Answers

In specialization a company have produced the product at different price levels. Consumers have more price options.

What is consumer?

A consumer is a person who purchases the goods and or services from the business and is also the ultimate user of the products or services. In specialization the company produces a certain product at many different levels by which they have many price options available which vary according to their customization and quality that can be offered to the consumers and hence the customer can purchase different types of a single product from a single company or Brand.

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On march 1 mike joined christmas Club His bank automatically deduct a $210 from his cheaser account of the end of each month, and deposit it into his christmas Club account is when will earn 0.0525 animit interst The account comes to term on December 1. Total interest earned in account

Answers

Mike will have a total of $2100 in his Christmas Club as his bank deduct $210 a month from March till December. Hence he may get $110.25 in interest if the interest rate is 5.25% on December 1.

Describe the Christmas Club.

An account specifically intended for holiday spending is a Christmas club account. It typically only lasts for a year or less. A savings account of this type, often known as a Christmas club or holiday club account, is one in which regular deposits are made by customers all year long. In order to pay for holiday shopping and other expenses, such as travel, the accrued savings are then withdrawn just before the holiday season.

Regular direct transfers from your paycheck may be permitted by the account in Christmas club, and those funds would be preserved and transferred to them in time for the holiday buying season. Based on the balance in the account, the yearly percentage yield will fluctuate between 0.05% and 5.00%.

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The complete question is:

On March 1 Mike joined Christmas Club His bank automatically deduct a $210 from his Chaser account of the end of each month, and deposit it into his Christmas Club account. What will he earn at 5.25% APR simple interest for the year, as the account comes to term on December 1.

For each situation below, show quantitatively and explain what is happening in the capital (financial) market.

S I X G T
a 200 300 -200 400 300
b 700 600 100 400 400
c -300 300 -400 100 300
d 100 300 -400 500 300
e 500 300 100 400 300

Answers

Answer:

Capital market is at equilibrium and no change in interest rate

Explanation:

In the capital market

National savings = " S + T - G "

At equilibrium position ; National savings = " I + X "

When National savings > "1 + X "  Interest rate decrease because there is an excess of supply while

When National savings > "1 + X" interest rate will increase to balance out the capital market because there is excess of demand.

From the attached table of solution below all values of the National savings = "I + X" this shows that the capital ( financial ) market is at equilibrium position

For each situation below, show quantitatively and explain what is happening in the capital (financial)

Answer:

The financial market is going down  

Explanation:

The numbers are moving around which means 360 degrees which you add to all of the numbers on the chart cousin a new pattern to develop developmentally

How does the use of these skills help organizations to outperform others in their industry?
Assess how the four functions of management (e.g., planning, organizing, leading, and controlling) are effective in helping organizations meet their goals.

Answers

The skills to relate to coworkers and deal well with subordinates provides for the smooth flow of business operations inside the organization. For any organization to prosper and accomplish its goals and objectives, effective management skills are essential.

What are the importance of skills?

Leadership qualities contribute to improving an organization's performance. The forerunners of new ideas that can help the organization come up with fresh ones to boost productivity are managers who are strong leaders.

It should be noted that the four functions include:

Planning has to do wifh the planning of decision making.

Organizing has to do with appropriate coordination between planning and resources.

Leading involves motivating employees to achieve organizational goals.

Controlling is simply elated to monitoring and evaluation.

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answer with one of your favorite nicknames given to you, and one you've given to someone else

Answers

My favorite nickname I gave someone would be "shortstack", to my brother who is shorter than me. And my favorite nickname I am was given would be pippy, in refer to Pippi longstock.

Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?

Answers

Reggie's medical expense deduction is $7,276.

AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.

Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:

Drugs (prescribed by physicians): $5,701

Marijuana (prescribed by physicians): $1,470

Health insurance premiums-after taxes: $1,280

Doctors' fees: $1,320

Eyeglasses: $445

Over-the-counter drugs: $270

Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.

Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486

Reimbursements: $570

Medical expenses after reimbursements: $10,486 - $570 = $9,916

To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.

Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.

Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.

Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276

Therefore, Reggie's medical expense deduction is $7,276.

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Using activity-based costing to make decisions
Dino Dog Collars uses activity-based costing. Dino's system has the following features:
Predetermined Overhead
Activity
Allocation Base
Allocation Rate
Purchasing Number of purchase orders $ 65.00 per purchase order
Assembling Number of parts
0.36 per part
Packaging Number of finished collars
0.25 per collar
Each collar has four parts, direct materials cost is $9.00 per collar, and direct labor cost
is $4.00 per collar. Suppose Animal Hut has asked for a bid on 25,000 dog collars. Dino
will issue a total of 150 purchase orders if Animal Hut accepts Dino's bid.
Requirements
1. Compute the total estimated cost Dino will incur to purchase the needed materials
and then assemble and package 25,000 dog collars. Also compute the cost per collar.
2. For bidding, Dino adds a 40% markup to total cost. What total price will the
company bid for the entire Animal Hut order?
3. Suppose that instead of an ABC system, Dino has a traditional product costing
system that allocates indirect costs at the rate of $9.60 per direct labor hour. The dog
collar order will require 12,000 direct labor hours. What total price will Dino bid using
this system's total cost?
4. Use your answers to Requirements 2 and 3 to explain how ABC can help Dino
make a better decision about the bid price it will offer Animal Hut.

Using activity-based costing to make decisionsDino Dog Collars uses activity-based costing. Dino's system

Answers

Dino Dog Collars calculates the cost of producing 25,000 dog collars using activity-based costing. The total estimated cost, cost per collar, and bid price are calculated with a 40% markup.

What is the importance of ABC to management decision making?

ABC is an accounting methodology that assigns indirect costs to products or services based on the activities that generate those costs. Unlike traditional costing methods, which allocate indirect costs based on a single cost driver, ABC allocates costs based on multiple cost drivers, providing a more accurate picture of a product's or service's true cost. ABC's value to management decision making stems from its ability to provide more accurate and relevant cost information. Managers can use ABC to determine which activities are causing costs, where inefficiencies exist, and how to optimise processes to reduce costs and increase profitability. ABC assists managers in making informed pricing decisions by providing a better understanding of the true cost of products and services.

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10. Net Income (or Loss) and Retained Earnings
The following information is available from the records of Buena Vista Corp. at the end of the year:
Accounts payable $5,000 Landscaping revenues $24,000
Accounts receivable 4,500 Office equipment 7,500
Capital stock 8,000 Rent expense 6,500
Cash 12,000 Retained earnings, beginning of year 8,500
Dividends paid during the year 3,000 Salary and wage expense 12,000
Required:
Use the above information to answer the following questions.
1. What is Buena Vista's net income for the year?
$fill in the blank 1
2. What is Buena Vista's Retained Earnings balance at the end of the year?
$fill in the blank 2
3. What is the total amount of Buena Vista's assets at the end of the year?
$fill in the blank 3
4. What is the total amount of Buena Vista's liabilities at the end of the year?
$fill in the blank 4
5. How much owners' equity does Buena Vista's have at the end of the year?
$fill in the blank 5
6. What is Buena Vista's accounting equation at the end of the year?
= + $fill in the blank 9 = $fill in the blank 10 + $fill in the blank 11

Answers

From the records of Buena Vista Corp. at the end of the year Buena Vista's net income for the year is $5,500. Buena Vista's Retained Earnings balance at the end of the year is $11,000. The total amount of Buena Vista's assets at the end of the year is $24,000. The total amount of Buena Vista's liabilities at the end of the year is $5,000. Buena Vista's has $19,000 of owners' equity at the end of the year. Buena Vista's accounting equation at the end of the year is $24,000 = $5,000 + $19,000.

To answer these questions, we will use the basic accounting equation: Assets = Liabilities + Owners' Equity. We will also use the formula for calculating net income: Revenues - Expenses = Net Income.

Net Income = Revenues - Expenses
Net Income = $24,000 - ($6,500 + $12,000)
Net Income = $24,000 - $18,500
Net Income = $5,500

So, Buena Vista's net income for the year is $5,500.

Retained Earnings (end of year) = Retained Earnings (beginning of year) + Net Income - Dividends
Retained Earnings (end of year) = $8,500 + $5,500 - $3,000
Retained Earnings (end of year) = $11,000

So, Buena Vista's Retained Earnings balance at the end of the year is $11,000.

Assets = Cash + Accounts Receivable + Office Equipment + Land
Assets = $12,000 + $4,500 + $7,500 + $0
Assets = $24,000

So, the total amount of Buena Vista's assets at the end of the year is $24,000.


Liabilities = Accounts Payable
Liabilities = $5,000

So, the total amount of Buena Vista's liabilities at the end of the year is $5,000.

Owners' Equity = Capital Stock + Retained Earnings
Owners' Equity = $8,000 + $11,000
Owners' Equity = $19,000


So, Buena Vista's has $19,000 of owners' equity at the end of the year.


Assets = Liabilities + Owners' Equity
$24,000 = $5,000 + $19,000

So, Buena Vista's accounting equation at the end of the year is $24,000 = $5,000 + $19,000.

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1. Suppose promoters of xyz music concerts knows that if they charge 400 birr per ticket, 2000 people would buy the tickets for concerts and if charge 200 birr per ticket 4000 people would by tickets over this price range; a. Find price elasticity of demand b. What types of price elasticity of demand "​

Answers

The type of price elasticity of demand in this scenario is elastic, indicating that a decrease in ticket prices would lead to a relatively larger increase in ticket sales.

a. The price elasticity of demand can be calculated using the following formula:

Price Elasticity of Demand = Percentage Change in Quantity Demanded / Percentage Change in Price

To calculate the percentage change in quantity demanded, we can use the formula:

Percentage Change in Quantity Demanded = (New Quantity Demanded - Initial Quantity Demanded) / Initial Quantity Demanded

Using the given information:

Initial Quantity Demanded = 2000

New Quantity Demanded = 4000

Percentage Change in Quantity Demanded = (4000 - 2000) / 2000 = 100%

To calculate the percentage change in price, we use the same formula:

Percentage Change in Price = (New Price - Initial Price) / Initial Price

Using the given information:

Initial Price = 400 Birr

New Price = 200 Birr

Percentage Change in Price = (200 - 400) / 400 = -50%

Now, we can calculate the price elasticity of demand:

Price Elasticity of Demand = (Percentage Change in Quantity Demanded / Percentage Change in Price) = (100% / -50%)

b. Based on the calculated price elasticity of demand, we can determine the type of elasticity:

Since the price elasticity of demand is greater than 1 (100% / -50% > 1), it indicates that the demand for concert tickets is elastic. This means that the percentage change in quantity demanded is greater than the percentage change in price.

Elastic demand implies that consumers are sensitive to price changes, and a small decrease in price leads to a proportionately larger increase in the quantity demanded. In this case, when the price decreases from 400 Birr to 200 Birr, the quantity demanded increases by 100%.

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What is financing?. ​

Answers

provide funding for (a person or enterprise).

Giả sử người têu dùng có 1 khoảng thu nhập 100 đồng để mua kẹo (K) và bánh (B),biết giá kẹo là 10,giá bánh là 20.

TU=2KB, vẽ đường đẳng ích có mức hữu dụng là 10 và 20

Answers

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1- The Net Operating Profit after Taxes (NOPAT) using the bottom-up method is provided by:
a. operating income minus tax benefit minus taxes as reported
b. operating income plus tax benefit minus taxes as reported
c. net income plus net financial expenses minus tax benefit

Answers

The bottom-up method yields the Net Operating Profit after Taxes (NOPAT) as follows: a. the reported operating income minus the tax benefit minus the taxes .

What Is the Net Operating Profit After Tax?

A financial metric known as net operating profit after taxes (NOPAT) depicts a company's core operations, net of taxes, performance. NOPAT is a more accurate measurement of operating efficiency for leveraged businesses and is frequently used in economic value added (EVA) calculations. The tax savings that numerous businesses obtain as a result of existing debt are not included in NOPAT. A company's potential cash earnings if its capitalization were unleveraged, or devoid of debt, are referred to as its net operating profit after taxes (NOPAT). There are no one-time expenses or losses included in the figure; These do not accurately reflect an organization's profitability. Even though they may have an impact on the company's bottom line that year, charges arising from a merger or acquisition may not always provide an accurate picture of the business's operations.

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For each transaction below, calculate the amount of revenue to be recorded in the current period using accrual-basis accounting:

a. Performed $29,000 of services during the month and received full cash payment from customers at the time of service.
b. Performed $10,000 of services during the month and billed customers. Customers are expected to pay next month.
c. Received $11,000 cash from customers for services to be provided next month.

Answers

The accrual accounting for the current period in all of these would be

Amount of revenue to be recorded is $29000Amount of revenue to be recorded is $ 10,000.Amount of revenue to be recognized is $ 0.

What is accrual accounting?

This is the term that is used to refer to the method of accounting that is concerned with the recording of revenue first before there would be a payment for the goods that were sold or for the services that were rendered.

A) The amount for the services that were performed is said to be $29000 in the month and the full payment for the services was received. Therefore all of the sum is what has to be recognized as the amount in that period.

B) The services performed here is $10000, but the payment for the job would have to be recorded in the next year. Hence the entry would be the 10000 although it would be gotten next year.

C) The services here has not been rendered it would be done in the next year. The company is in a liability at the point because the money is not for the month, it is to be earned in the next month, hence the accrual accounting is 0

Hence in summary we would have the accrual accounting as:

Amount of revenue to be recorded is $29000Amount of revenue to be recorded is $ 10,000.Amount of revenue to be recognized is $ 0.

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Select the correct answer.
Which sentence is likely to be the opening of a goodwill message?

Answers

Answer:

B.  My sincere congratulations on your promotion.

Explanation:

Goodwill is generally done at the beginning of the introduction or providing some value and hopeful information and can include a warm courteous massage of thanks hat is appropriate such as regards. For the new product, service, or any opportunity.

market research utilizes data to determine how many different readers there have been of a single issue of a magazine. is the term for this. pass-along readership derived leadership guaranteed circulation primary circulation national rate

Answers

Part of the issue is that test markets aren't identified and new goods aren't developed and tested in a systematic enough manner to inform marketing personnel.

One of the drawbacks of using magazines as a form of advertising is which of the following?

Expensive: Magazine advertising might be more costly than newspaper advertising. Rivalry: Due to the similar readership of several magazines, there is more competition for readers' attention and ad space.

A pass-along readership is what?

reader to pass along. MARKETING. a person who reads a copy of a newspaper or magazine that has already been purchased but who did not purchase it themselves: Most of our readers are pass-along readers who didn't actually purchase the magazine themselves.

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You receive a $15,000 signing bonus from your new employer and decide to invest it for 2 years. Your banker suggests two alternatives, which both require a commitment for the full 2 years. The first alternative will earn 8% per year for both years. The second alternative earns 6% for the first year and 10% for the second year. Interest compounds annually. Which would you choose? Justify your choice by the calculations.

Answers

Answer:

8% plus 8%

Explanation:

8% plus 8% will yield 16.64% total and the 6% and 10% yields 16.60% total

In one paragraph explain how the US government protects the money you deposit in a bank

Answers

Bank savings accounts, bank CDs, and money market mutual funds administered by brokerage firms like Fidelity are the most popular venues to save cash.

How will my money be safeguarded?

The Financial Services Compensation Scheme (FSCS) is the principal form of defence. In case a bank failed, it was designed to protect people's savings

How is the money in a bank secured?

One of the many advantages of holding an account with an FDIC-insured bank is deposit insurance, which is how the FDIC safeguards your funds in the unusual case of a bank failure. Every category of account ownership is covered by the basic insurance policy, which provides $250,000 per depositor, each insured bank.

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A clothing manufacturer produces clothing in five locations in the U. S. In a move to vertical integration, the company is planning a new fabric production plant that will supply fabric to all five clothing plants. The clothing plants have been located on a coordinate system as follows:
Location (X,Y)
A 7,2
B 4,7
C 5,5
D 2,2
E 9,4
Shipments of fabric to each plant vary per week as follows: plant A, 200 units; plant B, 400 units; plant C, 300 units; plant D, 300 units; and plant E, 200 units. What is the optimal location of X for the fabric plant?

Answers

Answer:

The optimal location of X for the fabric plant is 4.9

Explanation:      

    X    Y     W     X.W     Y.W

A   7    2     200   1400    400

B   4    7     400   1600    2800

C   5    5    300    1500    1500

D   2    2    300    600     600

E    9    4   200   1800     800

Total =      1,400  6,900  6,100

X= 6,900 / 1,400 = 4.9

Y= 6,100 / 1,400 = 4.4

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