Revenue is reported on the income statement only when cash is received through this technique. Expenses are only documented when cash is paid out. Small businesses and individuals usually use cash as a payment method. A key accounting approach that records revenues and expenses at the time cash is received or paid out is known as cash basis.
In contrast, accrual accounting records income when revenue is collected and expenses when obligations are incurred, regardless of when cash is received or paid. When transactions are recorded on a cash basis, they have an immediate impact on a company's books; therefore, cash basis accounting is less accurate than accrual accounting in the near term.
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It is the idea being transmitted by the sender to the receiver. It includes three aspects — content , structure and style
Answer:
decodes and feedback.
Explanation:
It is a message since it is written or recorded words or information sharing or ideas conveyed by the sender to the receiver. It includes information and communication, how important and useful information is, and can be read in order to understand it. The structure of a message is tone.
The Style includes how the sender composes and writes a message.
Message is the idea being transmitted.
A Message is a form of communication sent to a recipient who is not present physically and its can be in verbal, written or recorded form.
Message is one of the essential elements of communication process. The other process includes Sender, Encoding, Interference, Communication channel, Receiver, Decoding and Feedback
Roughly, there are 3 purposes for passing message
To inform people of certain subject.To persuade others to do one biddingTo builds one's goodwill.Learn more about Communication process here
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Which one of the following statements accurately describes FICO?
A.FICO is firm that analyzes data collected by credit bureaus and generates a credit score.
B.FICO is a credit bureau.
C.FICO collects information about your financial dealings involving any sort of loan, debt, or billing.
D. FICO uses your grades and employment information to determine your creditworthiness
Answer:
c. FICO collects information about your financial dealings involving any sort of loan debt or billing.
FICO collects information about your financial dealings involving any sort of loan, debt, or billing. Thus, the correct answer is option C.
What is FICO?FICO, formerly Fair, Isaac and Company, is a data analytics business with a focus on credit scoring services that is situated in Bozeman, Montana. Its formal name is Fair Isaac Corporation. In 1956, Bill Fair and Earl Isaac started it. A standard of consumer lending in the US is the FICO score, which measures the risk of consumer credit.
A business can store a complete copy of its financial transaction data because of FICO. FICO is specifically designed to assist businesses in producing and managing financial statements for analysis and reporting as well as supporting efficient business planning and decision-making.
Therefore, FICO collects information about your financial dealings involving any sort of loan, debt, or billing.
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what do you mean by Business Risk ??
Answer:
Business risk is the exposure a company or organization has to factor(s) that will lower its profits or lead it to fail. Anything that threatens a company's ability to achieve its financial goals is considered a business risk.
Explanation:
hope it is helpful for you keep smilingAnswer:
hi r u Korean
Explanation:
I love koreans
Why might people choose to rent a home rather than buy a home?
a. They have a lot of money saved for a down payment. b. The property maintenance is the owner's responsibility. c. The interest rates on equity are too high. d. They have a long-term commitment to the area.
Answer: A
Explanation: People usually chose to buy houses instead of renting house because of saving reasons
Answer:
b. The property maintenance is the owner's responsibility.
Explanation:
its actually this one. i took an L for the gang. youre welcome
Tax Drill - Replacement Period
Emma's building is destroyed on November 28, 2018. The adjusted basis is $645,000. Emma receives $680,000 from the insurance company on January 2, 2019. She is a calendar year taxpayer.
a. The latest date for replacement is December 31, 2020 .
b. Assume the same facts as above except that Emma's building is condemned. Emma receives notification of the future condemnation on October 15, 2018, The condemnation occurs on November 28, 2018, with the condemnation proceeds being received on January 2, 2019.
The latest date for replacement is December 31, 2021 .
a. The latest date for replacement is December 31, 2020.
In the case of a destroyed building, according to the rules of Section 1033 of the Internal Revenue Code, the taxpayer has two years from the end of the tax year in which the gain is realized to replace the property. Since Emma is a calendar year taxpayer and received the insurance proceeds on January 2, 2019, the latest date for replacement is December 31, 2020.
b. The latest date for replacement is December 31, 2021.
In the case of a condemned building, the replacement period is extended to three years from the end of the tax year in which the gain is realized. Since Emma received the condemnation proceeds on January 2, 2019, the latest date for replacement is December 31, 2021. The earlier notification of the future condemnation on October 15, 2018, does not affect the replacement period in this scenario.
In conclusion, for a destroyed building, the replacement period is two years, while for a condemned building, the replacement period is three years from the end of the tax year in which the gain is realized.
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The US Supreme Court did what in Piscataway Board of Education v. Taxman, 521 U.S. 1117, 117 S.Ct. 2506 (1997)?
Answer:
The case was never heard in the United States Supreme Court.
Explanation:
The board of education of Piscataway High School, New Jersey desired to remove one teaching position from the Business Education department. A hindrance to this was the fact that the two teachers being considered had indefinite appointments, and were equal in seniority. According to the state law, tenured teachers can be relieved of their duties in reverse order of seniority. Either Sharon Taxman, a white teacher, or Debra Williams an African-American teacher were to be relieved of their positions.
Taxman was chosen because African-Americans were a minority. Taxman contested this in the court. The case was never heard at the U.S Supreme court because some civil rights group wanted the case to be settled out of court. The United States Court of Appeal ruled in favor of Taxman.
Walget's determines on March 12th that it cannot collect $3,000 owned to it by its customer DataConthey didn't pay you backdebit bad debts expense 3000 credit accounts receivable 3000 because Walget's can't get back that 3000 dollars owed to them, the accounts receivable must be crossed out and in order to do so it had to be debited
When Walget's determines that it cannot collect $3,000 owed to it by its customer DataCon, it needs to record the loss in its books. This loss is recorded as bad debt expense.
The bad debt expense account is a type of expense account that is used to record losses due to customers not paying their debts. The $3,000 loss is debited to the bad debt expense account.
In order to balance the entry, the accounts receivable account needs to be credited with $3,000. This means that the accounts receivable account is reduced by the amount of the debt that cannot be collected.
When accounts receivable is crossed out, it means that the amount of the debt is no longer an asset of the company. Instead, it becomes a loss. This is because Walget's is no longer able to collect the debt and therefore it is no longer an asset of the company.
In summary, Walget's needs to debit the bad debt expense account with $3,000 to record the loss, and credit the accounts receivable account with $3,000 to reduce the debt owed by the customer.
This is necessary to ensure that the books of the company accurately reflect the financial position of the company, including any losses due to bad debts.
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If the United States transfers tasks and jobs to other countries where labor and supplies are less expensive, it is called outsourcing. When foreign companies transfer tasks and jobs to companies in the United States, it is a practice called
kati-lyn has to choose between eating chinese food and indian food. both chinese food and indian food cost the same. write dow the equation, where mu is marginal utility and tu is total utility, will lead to the optimal level of consumption?
To determine the optimal level of consumption for Kati-Lyn, we can use the equation MUx/Px = MUy/Py, where MU is the marginal utility and P is the price of the good.
In this case, let's assume that Kati-Lyn has already consumed some amount of Chinese food and Indian food, and we want to know how much more she should consume each.
Let's denote the quantity of Chinese food as X and the quantity of Indian food as Y. Since both Chinese food and Indian food cost the same, we can set Px = Py = 1.
Therefore, the equation becomes:
MUC/P = MUI/P
where MUC is the marginal utility of Chinese food, MUI is the marginal utility of Indian food, and P is the price of both foods.
To find the optimal level of consumption, we need to compare the marginal utility per dollar of each food. Let's say that Kati-Lyn's total utility for Chinese food is TC(X) and her total utility for Indian food is TI(Y). Then, the marginal utilities are:
MUC = dTC(X)/dX
MUI = dTI(Y)/dY
Assuming that Kati-Lyn has some positive amount of both foods, we can rearrange the equation to get:
MUC/MUI = TI'(Y)/TC'(X)
where TI'(Y) is the derivative of Kati-Lyn's total utility function for Indian food with respect to Y, and TC'(X) is the derivative of her total utility function for Chinese food with respect to X.
The optimal level of consumption occurs when the ratio of marginal utilities is equal to the ratio of prices, so we can solve for either X or Y in terms of the other variable. For example, if we solve for X, we get:
\(X = TC'^{-1}(MUI/MUC * TI'(Y))\)
where \(TC'^{-1 }\)is the inverse of Kati-Lyn's total utility function for Chinese food.
This equation tells us how much Chinese food Kati-Lyn should consume for a given level of Indian food consumption Y, based on the relative marginal utilities and prices of the two foods. Similarly, we could solve for Y in terms of X to find the optimal level of Indian food consumption for a given level of Chinese food consumption.
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Emily is using the table to determine the minimum amount of money she should save monthly if she is to have enough money to pay for her first year of college. She anticipates receiving $6,000 in grants and has 6 years to save in a college savings account. Without including any interest earned, what is a reasonable estimate of the amount Emily and her family should save each month for the next 6 years to pay for her first year of college? $600 $700 $850 $950.
Answer:
$700 is the awnser
Explanation:
I did the math and got it right on my test
whether a reduction in a country's unemployment rate will always benefit an economy
A reduction in a country's unemployment rate generally benefits an economy by indicating higher employment levels and increased economic activity.
How does a decrease in a nation's unemployment rate impact the economy?A decrease in a nation's unemployment rate can have positive impacts on the economy, but the extent of these benefits depends on several factors. Lower unemployment rates generally indicate a healthier economy, but the quality of the jobs created, wage levels, and overall economic conditions play crucial roles in determining the full impact. When unemployment decreases, it can lead to increased consumer spending, stimulate economic growth, and reduce social welfare costs. However, if the jobs created are low-paying or lack job security, the positive effects may be limited.
Additionally, structural issues like skills mismatch and long-term unemployment can persist, which can hinder the overall impact of reducing unemployment on the economy.
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Can provider gap 4, the communication gap, be closed prior to closing any of the other three provider gaps? How
Answer:
Gap 4, which deals with lowering customer expectations, can be closed at any time. While the first three gaps are concerned with raising company performance to meet expectations, gap 4 aims to lower customer expectations to meet perceptions.
Explanation:
Gap 4 can reduce customer expectations and can be filled at any time. The first three gaps focus on improving business performance in order to meet objectives.
What is communication?Communication is referred to the exchange of information between two individuals in the form of conversation, opinion, suggestion, or advice with the help of medium or direct interaction.
To match perceptions, gap 4 seeks to lower customer requirements. Since the two strategies for overcoming the consumer gap function according to different principles, they can each take place on their own.
The fourth gap seeks to lower the expectations of customers in order to align with perceptions, as opposed to the other three gaps, which focus on improving firm performance to fulfill expectations.
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The complete question is probably
Can provider gap 4, the communication gap, be closed prior to closing any of the other three provider gaps? why or why not?
According to economists,
almost everything we do
has costs and benefits.
Identify the costs and
benefits of each of the
following: getting a dental
checkup and getting an
extra hour of sleep.
A cost means the amount of money or resources expended on something while a benefit means the thing that we gain from an actitivy.
What is C & B of getting a dental checkup?The benefits of going to the dentists is to get your teeth cleaned but the cost is paying for the dentist and maybe going for another checkup.
What is C & B of getting an extra hour of sleep?The benefits of getting an extra hour of sleep is that you will be more alert in the morning but the cost is you get less time to do things.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.
Art teacher Monica earns time and a half for the number of hours she works over 40 hours. One week she worked 48 hours. How many hours of overtime did she work?
Answer:
8 hours
Explanation:
Here, we want to know the number of overtime hours worked.
From the question, we are told that the pay is slightly different and higher if she worked for some hours over 40 hours
What this means is that the regular number of hours is 40; then the number of hours in this case 8 over 40 is her over time
the best way for federal reserve board officials to help boost a stagnant economy is to
The most beneficial way for the Federal reserve board officials to help boost such economy is to lower interest rates so that the banks can provide more loans at cheaper rates to individuals and businesses.
The federal reserve board officials are nominated by the President and Senate to oversee the activities of the federal reserve.
Typically, the stagnant economy is characteristic by increasing interest rate which will discourage borrowing from bank.However, if the officials lower the interest rate for bank, it will encourage more provision of loans to borrowers.Therefore, the most beneficial way is to lower interest rates so that the banks can provide more loans at cheaper rates to individuals and businesses.
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a client has changed the salvage values of a number of its fixed assets. the auditors of the public company believe that the revised salvage values are realistic. the appropriate report on the financial statements is: multiple choice unqualified with explanatory language as to consistency. disclaimer. qualified for consistency. standard unqualified.
The appropriate report on the financial statements when a client has changed the salvage values of a number of its fixed assets and the auditors of the public company believe that the revised salvage values are realistic is an unqualified report with explanatory language as to consistency.
An unqualified report means that the financial statements present fairly, in all material respects, the financial position, results of operations, and cash flows of the company in accordance with generally accepted accounting principles (GAAP). In this case, the auditors have determined that the revised salvage values are realistic, which means that the financial statements are not materially misstated. Therefore, an unqualified report is appropriate.However, the auditors need to provide explanatory language as to consistency because the client has changed the salvage values of its fixed assets. The consistency principle in accounting requires that a company use the same accounting methods and principles from year to year unless there is a valid reason for changing them. Changing the salvage values of fixed assets is a change in accounting estimate, which requires disclosure in the financial statements.Therefore, the appropriate report on the financial statements is an unqualified report with explanatory language as to consistency. The auditors need to disclose the change in salvage values as a change in accounting estimate and explain why the change was made. This will ensure that the users of the financial statements understand the impact of the change on the financial results of the company and can make informed decisions based on the information provided.
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A product with a low level of elasticity of demand has which feature?
A. Demand for the product changes unpredictably over time.
B. Demand for the product gradually increases over time.
C. Demand for the product changes very little over time.
D. Demand for the product gradually decreases over time.
If a business wanted to gather up-to-the-minute data on its customers, one way to do that would be?
If a business wanted to gather up-to-the-minute data on its customers, one way to do that would be Database Management.
Database management refers to the measures that a company takes to manipulate and control data in order to meet the requirements of the full data lifecycle. The volume of company data has increased, making database administration more crucial.
Rapid data growth leads to a wide range of unfavorable situations, such as compliance risk and subpar application performance in business, to mention a couple. In order to stop the negative impacts of data accumulation, database management includes a number of proactive strategies. Performance, storage optimization, effectiveness, security, and privacy are just a few.
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Determine what Paul will have to pay on an annual bases for his $449,000 home if his insurance company is charging him $0. 41 per $100 of value in his home. A. $153. 41 b. $220. 76 c. $1,840. 90 d. $2,649. 10 Please select the best answer from the choices provided A B C D.
The amount that Paul will have to pay on an annual bases is c. $1,840. 90.
Using this formula
Annual bases payment=Home insurance amount × Insurance charges
Where:
Home insurance amount=$449,000
Insurance charge=$0.41/$100
Let plug in the formula
Annual bases payment=$449,000×$0.41/$100
Annual bases payment=$449,000×0.0041
Annual bases payment=$1,840.90
Inconclusion the amount that Paul will have to pay on an annual bases is c. $1,840. 90.
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According to the content in the lesson, which investment strategy will get an investor close to the effects of market timing without the inherent risks?O Buy and hold strategiesO Nothing comes even remotely close to beating perfect market timing, which is why so many people attempt itO Index InvestingO Dollar Cost Averaging
One investment strategy that can get an investor close to the effects of market timing without the inherent risks is index investing.
Index investing involves investing in a broad market index such as the S&P 500, which tracks the performance of 500 large-cap stocks in the United States. By investing in an index fund, investors can gain exposure to a diversified portfolio of stocks, which can help mitigate the risks associated with individual stock selection.Moreover, index investing is a long-term strategy that aims to match the performance of the overall market, rather than attempting to outperform it through active trading. This approach can help investors avoid the pitfalls of market timing, which can result in missed opportunities and losses. Another strategy that can help investors achieve similar results is dollar-cost averaging. This involves investing a fixed amount of money at regular intervals, such as monthly, regardless of market conditions.
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FILL IN THE BLANK. __________ measure(s) performance levels in the areas of quantity, time, cost, and behavior.
Key performance indicators (KPIs) measure performance levels in the areas of quantity, time, cost, and behavior.
What's Key performance indicators (KPIs) measurementThese indicators provide organizations with a way to track progress and determine if goals are being met.
KPIs vary depending on the specific objectives of a business or department, but examples include sales revenue, customer satisfaction ratings, employee turnover rates, and production efficiency. By tracking KPIs regularly, businesses can identify areas for improvement and make data-driven decisions to optimize performance.
Additionally, KPIs can be used to motivate employees by setting clear expectations and providing feedback on their work.
Overall, KPIs play an important role in ensuring that businesses are achieving their objectives and continuously improving their operations.
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the final step in the marketing research process is
Mention five legal ways to spend money
Some ways that you can spend money legally are:
Buying booksGoing on a vacationBuying a companyGiving to the poor or a charityEmploying laborWhat is Money?This refers to the legal tender that is used for the buying and selling of goods and services that have an inherent value
Hence, we can see that based on the given question, money can be spent in a variety of ways legally and this includes starting a business, giving to the poor, etc.
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Promotional discounts are given to stores by manufacturers to place their products in preferred locations in the store and to display their products in a ski manufacturer sells a local ski shop 35 pairs of their new store window: skis for $7000, which is a discount of $2,625. What is the percentage of the discount given to the store? (Round your answer to the nearest whole percent.)
Answer:
27%
Explanation:
The ski was sold for $7,000 which has a discount of $2,625.
the price before discount is
= $7,000 + $2,625.
=$9,625
the discount as a percentage
=$2,625 / $9,625 x 100
=0.272727 x 100
=27.27%
=27%
What are some of the various potential sources for business credit? Give at least three examples
Answer:
Such potential sources include "Personal savings, loans, as well as investors".
Explanation:
Whether you should be looking for financial resources for something like a working relationship or perhaps a singular commercial enterprise, acknowledging the positives and negatives of those same possibilities, and even some of their network requirements, would then make the best possible financial decisions. Friends, close relatives as well as work colleagues throughout your community are indeed possible sources of wealth management.A) Acquisitions and takeovers can cause a reduced level of motivation among the employees.
B) Through Merger & Acquisition, a business can quickly enter new markets and product categories with a well-known brand.
The two given sentences are relevant to Merger & Acquisition. Acquisitions and takeovers can cause a reduced level of motivation among the employees, and also helps a business to quickly enter new markets and product categories with a well-known brand.
What is Merger & Acquisition?Mergers and acquisitions are business transactions in which the ownership of a company, another business organization, or its operating units is transferred to or consolidated with that of another company or business organisation.
A company may outright buy and absorb another company, merge with it to form a new company, acquire some or all of its major assets, make a tender offer for its stock, or stage a hostile takeover. All of these are mergers and acquisitions. M&A is also used to describe the divisions of financial institutions that deal with such transactions.
A corporate merger or acquisition can have a significant impact on a company's long-term growth prospects.
Therefore, the two sentences are correct effects of Merger & Acquisition.
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The Bohio was the Cacique's House true or false
Answer:
true
Explanation:
try mo sa Google para me idea kpa
Required Materials Konrad, A & Birbrager, L (2020). Gusto 54. Creating a Culture of Ownership and Accountability Ivey Publishing Instructions 1. Thoroughly read the case. It is recommended that you read 2-3 times. 2. Prepare a 5 page report (12 point font, double spaced not including the title page or reference page), that addresses the following questions: • As of January 2020, what is Gusto 54's competitive advantage? if COVID-19 had never happened, would you have believed that the group would be able to maintain this advantage? Why or why not? • How would you define Gusto 5a's culture as of January 2020? Does your definition vary throughout the case? • What role does values, attitudds, and diversity play at Gusto 54? Do you consider the values attitudes, and diversity to be a strength or weakness at Gusto 54? • Do you agree or disagree with the steps that Gusto 54 took to build its people first culture? Why or why not? What are the key challenges facing Gusto 54 in January 2020 (before awareness of the upcoming COVID-19 pandemic)?
• If COVID-19 had never happened, which challenge would have been Gusto 54's largest barrier to continued growth? How would you suggest the group tackle this challenge?
Gusto 54 maintained its people-first culture effectively before COVID-19.
How did Gusto 54 maintain its people-first culture before COVID-19?Gusto 54's competitive advantage in January 2020 stemmed from its people-first culture, which was deeply embedded in the organization's values, attitudes, and diversity. The company prioritized fostering a sense of ownership and accountability among its employees, creating an environment where individuals felt empowered to contribute and take responsibility for their work. This culture allowed Gusto 54 to cultivate a strong sense of unity and collaboration, leading to enhanced performance and customer satisfaction.
Regarding the steps taken to build the people-first culture, agreement or disagreement depends on individual perspectives. However, Gusto 54's approach appears to have been effective in creating a positive work environment. The company's emphasis on communication, trust, and employee well-being fostered a sense of loyalty and commitment among the workforce.
In January 2020, before the awareness of the COVID-19 pandemic, Gusto 54 faced several key challenges. These challenges included managing growth, maintaining the people-first culture amid expansion, and aligning the company's values with its strategic goals. However, if COVID-19 had never happened, the largest barrier to continued growth for Gusto 54 would likely have been the need to scale while preserving its unique culture and maintaining employee engagement.
To tackle this challenge, Gusto 54 could have focused on implementing effective communication channels and mechanisms to ensure that the company's values and culture were consistently reinforced across all levels. Additionally, investing in employee development programs, leadership training, and ongoing feedback mechanisms could have further solidified the people-first culture and supported continued growth.
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Which is an example of a business that failed because of cash problems?
Answer:
An good example would be the company called "MadTown"
Explanation:
You see because of "MadTown" fincancial problems alot of groups also fall down and have to disbanded because of their own company.