increases in assets and owner’s equity as a result of selling services or products to customers is called revenue
Answers
Yes, increase in assets and owner's equity as a result of selling services or products to customer is called revenue.
Revenue is the money earned from normal business operations and is calculated by multiplying the average sales price by the number of units sold. Net income is calculated by subtracting costs from the top line (or gross income). On the income statement, revenue is also known as sales.
Revenue (from the sale of goods or services) less operating expenses equals operating income.Non-operating income is income derived from secondary sources that is infrequent or nonrecurring (e.g., lawsuit proceeds).Non-commercial entities such as governments, nonprofits, and individuals also report revenue, though the calculations and sources vary.Revenue is simply the proceeds of sales, whereas income or profit includes the expenses incurred in order to generate revenue and reports net (not gross) earnings.Learn more about revenue here:
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Related Questions
What are the issues the company
will face if it suffers a devastating fire and will be unable to
produce products for the next 18 months. What is the action plan
that will minimize the impact on the c
Answers
If a company suffers a devastating fire and cannot produce goods for the next 18 months, it is likely to face a variety of issues, including loss of revenue and market share, as well as potential legal and regulatory consequences.
An action plan can be developed to reduce the impact on the company by taking specific steps.
Here are the issues the company will face if it suffers a devastating fire:
Loss of revenue: The inability to produce products for 18 months will result in a significant loss of revenue for the company. This may cause the company to lose its market position and profitability, which can lead to bankruptcy.
Legal and regulatory consequences: The fire and its aftermath may have legal and regulatory implications. The company may face legal claims from its employees, shareholders, and other stakeholders. Additionally, regulatory bodies overseeing workplace safety and environmental standards may impose fines and penalties.
Loss of market share: The company may lose its market share and brand value due to the fire. Customers may lose faith in the company and its products, leading them to switch to more reliable competitors.
The following steps can be taken to minimize the impact on the company:
Implement a business continuity plan: Develop a business continuity plan (BCP) that outlines steps to cope with the effects of the fire. The BCP should include a contingency plan for product distribution and identify alternate production sites or partners.
Regular testing and review of the plan is essential to ensure its effectiveness.
Rebuild the company's reputation: After the fire, the company needs to rebuild its reputation. It should take measures to reassure customers, employees, and other stakeholders that it is actively addressing the situation and implementing measures to prevent future incidents. Compensation may be offered to those who suffered due to the fire.
Collaborate with stakeholders: The company should collaborate with its stakeholders to address the issues arising from the fire. This includes working closely with employees, suppliers, and regulatory bodies to resolve legal and regulatory implications.
The company may also consider strategic partnerships with other companies to meet its production needs during the recovery period.
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Give an example of a natural monopoly industry operating in South Africa.
Answers
An example of a natural monopoly industry operating in South Africa include "Eskom".
What is natural monopoly?
A natural monopoly occurs when there is an instance in which it is economically viable and better for a single entity to be in full and sole control of the production of a product or service.
Moreover, a natural monopoly is the fact that natural monopolies have extreme economies of scale. It can only start to become profitable when one single firm is able to service the majority of the market.
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If the auditor failed to confirm receivables when that should have been done and it may be too late to confirm now, what should the auditor do?
a. Extend the previous work done on subsequent collections to help determine that the receivables existed and were properly valued at the balance sheet date.
b. Issue an adverse opinion.
c. Automatically decide that the previously issued audit report cannot be supported in light of the omitted procedures.
d. Issue a disclaimer of opinion.
Answers
The auditor needs to exercise professional judgment in determining the most suitable course of action.
If the auditor failed to confirm receivables when it should have been done and it may be too late to confirm now, there are several actions the auditor can take:
1. Extend the previous work done on subsequent collections:
The auditor can review the subsequent cash collections made after the balance sheet date to determine if the receivables existed and were properly valued at the balance sheet date. This can help provide evidence about the validity of the receivables, even if confirmation is not possible anymore.
2. Issue an adverse opinion:
If the auditor is unable to obtain sufficient appropriate audit evidence regarding the existence and valuation of the receivables, they may need to express an adverse opinion in the audit report. This opinion highlights that the financial statements are not fairly presented, and the auditor has substantial doubts about the accuracy and completeness of the information provided.
3. Consider the impact on the previously issued audit report:
The auditor should assess the significance of the omitted procedures on the overall audit opinion. If the failure to confirm receivables is material and pervasive, it may necessitate a revision of the previously issued audit report. However, if the impact is deemed immaterial or confined to a specific area, the auditor may consider issuing a separate emphasis of matter paragraph or a modified opinion.
4. Issue a disclaimer of opinion: In cases where the auditor is unable to obtain sufficient appropriate audit evidence due to the failure to confirm receivables, and this inability is pervasive, they may have to issue a disclaimer of opinion. This indicates that the auditor does not express an opinion on the fairness of the financial statements as a whole.
It is important for the auditor to consult with their professional standards and guidelines, such as the Generally Accepted Auditing Standards (GAAS), in order to make an informed decision on how to address the situation appropriately. Each situation may have unique factors.
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4. People in the organisations carry out diverse tasks with the aim to achieve
(a) Different objectives
(b) Common objectives
(c) Both of the above
(d) None of the above
Answers
Answer:
(b) Common objectives
Explanation:
People and departments in an organization perform different functions, but all focus on achieving its objectives. An organization's top management sets the goals and targets for a particular period. It then identifies specific actions that need to be accomplished to achieve the set goals.
The identified actions are distributed to various departments for implementation. Each department will break down its activities into small tasks and assign them to individual workers. Every employee will be working to achieve their set objectives. If all workers achieve their targets, the departments will meet their objectives, and so is the organization's goals.
Firms that use ________ rely on computer systems to perform tasks such as speech recognition, decision making, or translations.
Answers
It should be noted that Firms that us Artificial intelligence rely on computer systems to perform tasks such as speech recognition, decision making, or translations.
What is Artificial intelligence all about?Artificial intelligences can be regarded as ability of a computer to do tasks.
This task that are usually done by humans since they require human intelligence and discernment.
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Which of the following is NOT true about emergency funds?
a,They can keep you from borrowing money from friends and family.
b,They help remove the worry about expenses not in the budget.
c,They are used for anything listed on the budget.
d,They help you prepare for unexpected expenses.
Answers
Answer:
The answer is "They are used for anything listed on the budget."
The option that is NOT true about emergency funds is: c. They are used for anything listed on the budget.
What is emergency funds?Emergency funds are usually not used for things that are planned and included in the budget. Instead, emergency funds are money saved specifically for unexpected expenses that you didn't plan for in your usual budget.
The reason for having an emergency fund is to have money saved for unexpected things that might happen, like when someone gets hurt and needs to go to the hospital or when a car or home needs fixing. It can also help if someone loses their job or if something else happens that they didn't expect.
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If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible.
Answers
If the opportunity cost of production for two goods is different between two countries then mutually beneficial trade is possible.
What is opportunity cost?Opportunity cost is an economist term for expressing cost in terms of foregone alternative.
It is the benefits of second best alternatives (when the first best is chosen) or alternative use of something, which is not decided on (the cost of not using land for farming and using it for building a house instead).
Hence, If the opportunity cost of production for two goods is different between two countries then mutually beneficial trade is possible.
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How education is medium to enhance the ability of human beings?
Answers
The general education of a populace enhances the overall ability of humans by allowing a greater number of humans to be given the (intellectual) tools necessary (in agreence with Rene Descartes theory of obtaining “new knowledge” to improve upon previously held inclinations or even create new ones in order to increase efficiency or another set of reasons one might alter their natural inclinations. With that being said, general education is a tool that, when used properly, can be used to increase the overall ability of humans by means of increased intellectual ability.
How do increased prices serve as an incentive for businesses?
Answers
Answer:
see below
Explanation:
Price is the amount of money that a customer pays to acquire goods or consume services from a seller. The price has two significant elements:
the cost of making the goods or servicesThe suppliers desired profit.As per the law of supplies, higher profits is an opportunity for high profits. High price increases the profitability of goods and services. A high price has a bigger margin, meaning higher profits if the goods or services are sold. If prices increase, suppliers will be willing to supply more goods in the market with the expectation to make more profits. A decline in price is a warning that the business may make losses.
Gabriella, a manager, hires the first person she interviews because she believes that person can do the job adequately. Gabriella is ________ the problem.
Answers
Gabriella, a manager, hires the first person she interviews because she believes that person can do the job adequately. He is solving the problem.
What is problem-solving?It is the process of identifying a problem, finding and selecting possible solutions to the problem. An alternative solution can also be used.
The process of identifying the best fit for a job provides the solution to shortage or lack of the best fit staff.
Therefore, Gabriella is solving the problem by hiring the first person she interviews because she believes that person can do the job adequately.
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1. Determine the amount of the impairment loss, if any. (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)
Answers
The imparment value on the asset given the book value and the fair value of the asset is $-2.8 million.
What is the impairment loss?An asset is impaired when its book value is greater than the total future cash flows. When an asset is impaired, in order to determine the impairment loss, subtract the fair value of the asset from the book value of the asset.
Impairment loss = 6.9 million - $9. 7 million = $-2.8 million
Here is the information that would be used to solve the question: Book Book value $9. 7 million
Estimated total future cash flows 8.1 million
Fair value 6.9 million
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The biggest disadvantage of the sole proprietorship is.
Answers
Students usually attend a vocational school for _____ years or less.
A.1 B.2 C.3 D.4
Answers
Answer:
2
Explanation:
Answer:
four
Explanation:
if u think bout it its four years and makes more sence and mroe realistic
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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gertrude quit her $40,000- per- year job to start her own own consulting firm. she withdrew her savings of $50,000 which was earning her an interest of $2000 in the bank and invested in her own consulting firm. at the end of her first year of operation, her total revenues were $208,000. her total explicit costs were $108,000. how much are her accounting profits from her own consulting firm? group of answer choices $30,000 $100,000 $50,000 $48,000
Answers
Gertrude's accounting profits from her consulting firm are $100,000, calculated by subtracting explicit costs ($108,000) from total revenues ($208,000).
To calculate Gertrude's accounting profits, we need to subtract her explicit costs from her total revenues.
Total revenues = $208,000
Explicit costs = $108,000
Accounting profits = Total revenues - Explicit costs
= $208,000 - $108,000
= $100,000
Hence, Gertrude's accounting profits from her own consulting firm are $100,000.
Therefore, Gertrude's decision to start her own consulting firm has resulted in a positive accounting profit of $100,000. This indicates that her firm's revenues from consulting services exceed the explicit costs incurred in running the business.
It is important to note that accounting profits do not take into account implicit costs, such as the opportunity cost of Gertrude quitting her job and the foregone interest income from her savings. However, based on the given information, her accounting profits alone amount to $100,000. Hence, Gertrude's accounting profits from her own consulting firm are $100,000.
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What are the drawbacks to forward buying? Shipment bulge. Lower purchase price. Higher supply chain costs
Answers
Buying futures contracts occurs when dealers buy units for a specific period of time. The drawback are choices A, C and D.
Forward buying is the purchase of raw accoutrements , inventories, factors, or other particulars ahead of current demand. Academic buying is buying an item with the stopgap of making a profit from reselling it.
Forward buying is a strategic decision an investor may make when they anticipate the price or demand for a particular asset or security to increase.
Time Buying has been blamed for incurring gratuitous costs. It's occasionally compared to dependence like a medicine. Manufacturers want to increase deals snappily, so they lower their prices and flood tide the request with their products.
Question:
What are the disadvantages of forward purchases? Controls all operations.
A) Shipping bulge
B) Lower purchase price
C) Increased force chain costs
D) High cost of living
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“Well, we ran your credit history. You’ve got a really thin file -- just a year’s worth of student loan payments. The deal you saw was for ‘well qualified buyers.’ The best deal we can offer you is 6.6% for 60 months. A little more bad news -- the cash allowance is also based on credit history, so you don’t qualify for $500. That said, you’re excited about a Volkswagen, and I want to see you driving one, so I can do $400 for you!”
Molly still has a $2500 down payment. How much loan does Molly need?
How much will Molly’s monthly payment be using the Bankrate calculator?
How much total interest will Molly pay using this plan?
When Molly adds all her payments, how much will the car cost her?
Answers
Answer:
$25495
Explanation:
The Turnover Pulse hypothesis states that ____ eaters faced high rates of extinction during the ice ages.
Answers
Generalist eaters faced high rates of extinction during the ice ages.
Who is a Generalist?Someone who has decided to concentrate their time and resources on learning about a broad range of topics is referred to be a generalist. The terms polymath, dabbler, multi-specialist, versatilist, or Renaissance man are also frequently used to describe generalists.
Specialists are frequently viewed in opposition to generalists. A specialist is someone who focuses on a single area of interest as opposed to several. However, I believe that this is a flawed analogy (more on that below).
Therefore, The Turnover Pulse hypothesis states that generalist eaters faced high rates of extinction during the ice ages.
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What is a monitoring dashboard that uses red, yellow, and green color coding to indicate the status of each project task?
Answers
A monitoring dashboard that uses red, yellow, and green color coding to indicate the status of each project task is called a Project Spotlight chart
To make a good presentation of a project that is not too wordy and provides the viewer or listener an easy understanding, the use of Project Spotlight chart is ideal.This comes with a concise description to rate a project status as red, yellow, or green depending on the project task.It is very necessary therefore to prescribe a quantitative measure for the colors to code relevant statuses so as not to misplace accurate information.For example, depending on the status,
Green color can be used to expressed status within an acceptable range.Yellow can be used to expressed a positive status Red can be used to express a negative deviation from the accepted range.See more here:https://brainly.com/question/15078446
The purpose of this category of interview questions is to learn about the interviewee’s personal attributes.
a.
General information questions
b.
Behavioral questions
c.
Character questions
d.
Stress questions
Answers
The correct statement will be that the purpose of the behavioral questions is that it helps to learn about the interviewee's personal attributes. So, the correct option is B.
Behavioral questions are an essential part of the interview as it tells about the interviewee's knowledge other than his educational and qualification skills applicable in the real world.
Behavioral questions are a set of questions asked by an interviewer to the interviewee in the rounds of interviews that follow. Such questions tell so much about the interviewee as it denotes their personal attributes.Such questions help to determine the intelligence, presence of mind, practical behavior in a situation and an ideal set of practices followed by such person applicable to the work environment.Behavioral questions also tell so much about how the person readily accepts a mistake committed and the steps they took in such a situation to rectify the mistakes.Hence, the correct statement is B that the Behavioral questions' purpose in an interview is to tell about the interviewee's personal attributes already faced by such person.
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Answer:
B
Explanation:
Behavioral questions
The job outlook suggests that the translator field will likely to continue to grow. Will likely to continue to shrink. Has changed very little over time. Tends to be unclear or hard to predict.
Answers
From the information given, the job outlook implies that the translator field will likely to continue to grow.
According to the complete information, a chart was given to show facts that related to professional interpreters.
It can be deduced from the chart that was given that the job outlook will suggest that the translator field will likely to continue to grow. This can easily be deduced from the chart.
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Answer:
A. will likely to continue to grow.
Explanation:
The government of Inventia has increased its expenditure following a recession.This is likely to lead to ________.
A) lower real wages
B) an increase in the demand for labor
C) higher interest rates
D) a decrease in the price level
Answers
The government of Inventia increasing its expenditure following a recession is likely to lead to higher interest rates. The correct answer is C.
When the government increases its expenditure, it typically needs to finance this spending through borrowing. This increases the demand for borrowing in the economy, which in turn leads to higher interest rates. Higher interest rates incentivize saving and reduce borrowing, which helps the government fund its increased expenditure.
Higher interest rates have several effects on the economy. They can lead to lower real wages because businesses may be less willing to hire or give wage increases when borrowing costs are higher. Additionally, higher interest rates can affect investment decisions and consumer borrowing, which can have implications for overall economic activity.
Therefore, the correct answer is C) higher interest rates.
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Select the correct answer.
At which stage of problem solving should you discuss the problem with colleagues?
B. evaluating the information
C. gathering information
D. making a choice
E. taking action
Plato/Edmentum
Answers
Answer:
E or D
Explanation:
D because it doesn't hurt to get a second opinion and see what your colleagues think
E Because your actions or decisions when it comes to a business can affect your colleagues.
for the economy modeled with the PPF in the picture shown here, what is the opportunity cost of each orange?
Answers
the opportunity cost for the production of each orange is the apple sacrifice.
Opportunity cost is the loss you accept to make a gain or the expense of one profit for another gain.
example of opportunity cost is something as simple as choosing between going to work and skipping work. What are you losing out on if you choose one over the other? Opportunity cost doesn't always need to apply to investments or money; it can also apply to life decisions.
In the given question the opportunity cost for the production of oranges is a sacrifice made in terms of apples
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Which of these steps is considered the most important when researching and promoting an event?
a) Selecting the best media to reach your target audience
b) Developing your message
c) Defining and analyzing your target audience
d) Establishing your desired end result
Answers
The best step to research and promote an even is by Defining and analyzing your target audience.
What is Research?Research refers to some findings or investigations that help to create or portray new knowledge by using formal nowledge in another way so as to develop new concepts, methodologies and understandings. This can include analysis of former researches, thesis and so on.
Therefore, The best step to research and promote an even is by Defining and analyzing your target audience.
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You plan on making payments on a new car too. you want to spend 15% of your monthly net pay on the car payment, insurance, registration, and taxes combined. what is your monthly car allowance? $149.46 $298.91 $448.37 $597.83
Answers
Taking into account the car payment, insurance, registration, and taxes combined, the monthly car allowance is $ 448.37.
What is an insurance?Most individuals have insurance of some type, whether it is for their life, their home, or their car.However, the majority of us rarely pause to consider what insurance is or how it functions. In a nutshell, insurance is a contract, symbolised by a policy, under which a policyholder receives financial security or compensation from an insurance firm against losses. In order to make payments to the insured more manageable, the company pools the risks of its clients. Insurance policies are intended to protect against the possibility of monetary losses, large and little, that may be brought on by harm to the insured or their property or by liability for harm or injury given to a third party.Given that you want to spend 15% of your monthly net pay on the car payment, insurance, registration, and taxes combined. your monthly net pay is $2989. Then the monthly car allowance can be determined by 15% of $2989.
15 × \(\frac{2989}{100}\) = $ 448.37.
Therefore, The monthly car allowance is $ 448.37.
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Answer:
correct answer is 448.37
Explanation:
I have a very quick question. So im applying for Early college and i need some future educational goals and maybe im just thinking about it too much but what are some goals?? like are they asking for what i plan on doing in my future as in job?? Or what??
Answers
Answer:
Explanation:
They are pretty much asking what you want to pursue. For example, if you are going for a career in Information Technology, one of your goals may be learn Robotics or Artificial Intelligence. Another goal may be to learn the necessary skills and work for a startup. The goals are anything that you want to achieve, and in this case it would be related to the field that you are going to study in the college that you are applying to. Therefore, simply write what you think you want your life to be like in the future with what you learn in college.
Royal Corporation uses the indirect method of computing net cash flow from operating activities and reported the following for Year 2: Accounts receivable decreased by $10,300, merchandise inventory increased by $15,300, accounts payable decreased by $4,000, and income taxes payable increased by $18,800. If Royal Corporation reported net income for Year 2 of $157,800 (including $34,800 of depreciation expense), net cash flow from operating activities for Year 2 is:
Answers
Answer:
$202,400
Explanation:
The computation of the net cash flow from operating activities for year 2 is shown below:
= Net income + depreciation expense + decrease in account receivable - increase in merchandise inventory - decrease in account payable + increase in income tax payable
= $157,800 + $34,800 + $10,300 - $15,300 - $4,000 + $18,800
= $202,400
Why would a producer conduct a marginal analysis?
A. To understand the type of taxes paid on a good or service
B. To determine whether a price increase will change what a
consumer will buy
C. To predict the amount of environmental pollution caused by a
manufacturer
D. To suggest a way to package a product so that it causes less
pollution
E
Answers
Answer:
B to determine whether a price increase
Explanation:
cuz I said
Which gesture is a person least likely to misunderstand?
OA
a frown
OB.
a handshake
O c.
a pat on the back
OD
a victory sign
Answers
Answer:
A frown
Explanation:
Because it is an explicit expression of negetive emotion.