More and more people are of the opinion that a worker's ethics are indeed a personal affair and are not related to management. False.
What kind of principles should employees follow at work?It includes many of the following qualities: dependability, economic output, cooperation, character, honesty, sense of duty, a focus on quality, self control, teamwork, professionalism, respect, and determination. A work ethic is a set of principles that an employee applies to his or her job.
Which four professional ethics are present?Business futures are affected by unethical activity. Integrity, honesty, fairness, and understanding are all characteristics of ethical behavior. Establishing an organization-wide code of ethics is one of several strategies for fostering an ethical working culture.
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considering only the provisions of the aicpa code of professional conduct, which of the following services may a cpa perform for a commission or contingent fee?A. Preparation of an original income tax returnB. Representation of a nonattest client in an IRS examinationC. Preparation of an amended income tax return to claim a deduction that was
A CPA would perform for a cpmmission or contigent fee as it, Representation of a nonattest client in an IRS examination.
What does IRS examination mean?
The process by which the Internal Revenue Service (IRS) audits a taxpayer's financial information to determine if they are in compliance with tax laws is known as IRS examination. During an IRS examination, the taxpayer will be required to provide the IRS with documents and other financial information. The examination's goal is to ensure that the taxpayer accurately reports their income, deductions, and other items on their tax return.
What does CPA means?
The acronym CPA stands for Certified Public Accountant. It is a professional designation conferred on individuals who have passed the Uniform CPA Examination and met additional state education and experience requirements for CPA certification. CPAs offer a wide range of services, including financial statements, audits of financial statements, tax planning and preparation, and consulting.
Therefore the option B. Representation of a nonattest client in an IRS examination is the correct answer.
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Following are descriptions of ten internal controls.
Required : Indicate which of the five COSO internal control components is best represented by each internal control.
A risk assessment is the process of identifying what hazards currently exist or may appear in the workplace .Thus correct answer( b) Risk assessment.
An analysis of what could occur if a risk materializes is done through the process of risk assessment. The procedure for assessing the possible effects of interrupting time-sensitive or crucial business activities is known as a business impact analysis (BIA).
There are several risks to take into account. There are numerous scenarios that could play out depending on the timing, severity, and location of each hazard. Think about hurricanes:
A hurricane that is expected to land close to your place of business could turn around and head out to sea.
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Full Question :Following are descriptions of ten internal controls.
Indicate which of the five COSO internal controls components is best represented by each internal control
a. Control Environment
b. Risk assessment
c. Control activities
d. Information and Communication
e. Monitoring:
If natural resources are developed by a company, the initial valuation should include
If natural resources are developed by a company, the initial valuation should include Development costs, exploration costs, restoration costs, and acquisition costs.
Herbal sources are assets which are drawn from nature and used with few adjustments. This consists of the resources of valued traits such as industrial and commercial use, aesthetic fee, clinical hobby and cultural cost.
Natural resources are materials from the Earth that are used to aid life and meet humans's wishes. Any natural substance that humans use can be taken into consideration a natural useful resource. Oil, coal, natural gas, metals, stone and sand are herbal sources. other herbal sources are air, daylight, soil and water.
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which of the following statements is correct? question 17 options: the market for capital is unlike the market for labor because the rental price of capital is unaffected by the marginal product of capital, whereas the price of labor is affected by the marginal product of labor. the market for capital is unlike the market for labor because the purchase price of capital is unaffected by the marginal product of capital, whereas the price of labor is affected by the marginal product of labor. the market for capital is like the market for labor because the rental price of capital is affected by the marginal product of capital, and the price of labor is affected by the marginal product of labor. both a and b are correct.
The following statements is correct : The market for capital is like the market for labor because the rental price of capital is affected by the marginal product of capital, and the price of labor is affected by the marginal product of labor.
The marginal product of a enterprise is the additional output created because of extra input placed into the business enterprise. it's also known as marginal physical product, or MPP. In practical phrases, this could suggest the extra donuts produced at a donut store when they rent an extra worker.
In economics and specially neoclassical economics, the marginal product or marginal physical productiveness of an input is the trade in output resulting from employing one extra unit of a selected input, assuming that the portions of other inputs are kept regular.
The marginal manufactured from an input, say labour, is described as the greater output that results from adding one unit of the input to the present combination of effective factors.
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Identify the hard (quantifiable) benefits experienced by an organization that has effective sales and operations planning processes. (Check all that apply.)
The hard (quantifiable) benefits experienced by an organization that has effective sales and operations planning processes are:
Improved forecast accuracyMore stable supply ratesFaster and more controlled new product introductionHigher customer service with lower finished goods inventory levels.What are operations?Operations management is the area of management concerned with the design and control of production processes and the redesign of business processes in the production of goods or services. This includes our responsibility to ensure that our business operations are efficient to effectively meet the needs of our customers, using the minimum resources necessary.
Deal with the management of the entire production or service system. It is the process of transforming inputs (in the form of raw materials, labor, consumers, and energy) into outputs (in the form of consumer goods and/or services). ) to convert. A company produces products, controls quality, and provides services. Operations management includes sectors such as banking systems, hospitals, companies, suppliers, customer engagements and technology use. Operations is one of the key functions of an organization alongside supply chain, marketing, finance and human resources. The operational function requires management of both strategic and day-to-day production of goods and services.
The hard (quantifiable) benefits experienced by an organization that has effective sales and operations planning processes are:
Improved forecast accuracyMore stable supply ratesFaster and more controlled new product introductionHigher customer service with lower finished goods inventory levels.To know more about operations, visit:
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When a bond sells at a discount, the carrying value ________ after each amortization entry.increasesdecreasesstays the samecannot be determined
When a bond sells at a discount, the carrying value increases after each amortization entry. increases, decreases stays the same cannot be determined.
Bond sales prior to maturity When a bond matures (when it becomes due), investors receive its face value, or "par value," back. But bondholders who sell their bonds before they mature can receive a very different payout. For instance, the bondholder could have to sell at a discount—below par—if interest rates have increased since the bond was bought. However, the bondholder could be able to sell at a premium above par if interest rates have declined. You could have to pay a commission or your broker might take a "markdown" if you wish to sell your bond before it matures.
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Which one of the following expenditures for retirees is likely to increase?
A. insurance
B. federal income taxes
C. clothing expenses
D. workrelated expenses
E. provincial income taxes
Insurance is an expenditures for retirees is likely to increase. The deductible, policy limit, and premium are the three main parts of most insurance contracts.
A contract (policy) referred to as insurance is one in which an insurer indemnifies a third party against losses resulting from particular calamities or hazards.There are numerous varieties of insurance plans. The most popular types of insurance are life, health, auto, and homeowners.Businesses need particular insurance coverage that protects them from risks that pertain only to their particular industry. For instance, a fast-food restaurant needs a policy that protects against harm or damage that results from using a deep fryer to prepare food. While an auto dealer is not at risk for this kind of mishap, they must have insurance to cover any harm that might be caused during test drives.Learn more about Insurance, here
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a(n) is a retail department store that sells at prices 25 percent or more below traditional department store prices in no frills environments, but does not sell memberships.
Off-Price Retailers is a chain of no-frills retail department stores that offers merchandise at costs at least 25% less than those of regular department stores, but does not provide memberships.
What Do Off-Price Stores Do?Off-price stores are those that provide superior goods at great discounts. Typically, they promote secondhand goods, off-season goods, etc.
These shops provide a varied assortment of affordable soft products from reputable manufacturers and cutting-edge brands. They buy end-of-season manufacturer irregulars, closeouts, seconds, canceled orders, overruns, and overruns. They also buy end-of-season closeout merchandise.
The customer value proposition of an off-price retailer is to offer a quality product selection at the best available price. A low price is the first thing that will attract buyers.
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Switch to the Academic Groups worksheet. In cell A14, use the INDEX function to display the value in the first row and first column of the AcademicGroups table.
In cell A17, use the SUMIF function to display the total membership in 2023 for groups with at least 40 members.
Switch to the Academic Groups worksheet. In cell A14, in the first row and first column of the use the INDEX=2023/40=50.57
Based on the column and row numbers, the function INDEX() retrieves the value of a cell in a table. The position of a cell in a row or column is returned by =MATCH(). The two formulas work together to look up and return a cell's value in a table depending on both vertical and horizontal criteria. At Illinois' Valerian State College's Student Activities Office, Lael Masterson works. Lael wants your assistance to finish the workbook because she has begun gathering data on Valerian State students interested in helping to manage student organizations. Go to the worksheet for Student Representatives. To determine a student's possible base hourly rate
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Casualty gains and losses from business or investment property:
a. Are subject to the 10 percent of adjusted gross income limitation.
b. Are not subject to the depreciation recapture provisions.
c. May be treated differently depending on whether the property has been held 1 year or less or has been held over 1 year
. d. Are treated the same as casualty gains and losses from personal property.
Casualty gains and losses from business or investment property:
C). May be treated differently depending on whether the property has been held 1 year or less or has been held over 1 year.
How do casualty losses work?A casualty loss can be the consequence of your property being damaged, destroyed, or lost due to any abrupt, unforeseen, or uncommon catastrophe, such as a flood, storm, tornado, fire, earthquake, or volcanic eruption. Normal wear and tear or degeneration that occurs over time are not considered casualties.
The terms federal casualty losses, disaster losses, and qualifying disaster losses relate to catastrophes that have been officially declared by the federal government. Each loss has different needs. Consult Publication547 or the instructions for Form 4684 for further details.
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classify each item as associated with the government cutting taxes or the government increasing spending.
a. The government cutting taxes : Increases private-sector spending; often results in increased paying down of private debt; supported by those who think the government spends too much.
Give a brief account on government spending.Government spending cab be regarded as all the investments that government makes, transfers, and purchases. In national income accounting, the cost of goods and services purchased by governments for immediate consumption in order to address the immediate needs of individuals or groups within the community is regarded as government final consumption expenditure. Investment by the government is defined as the purchasing of products and services with the intention of generating future benefits, such as infrastructure development or research expenditures. Together, these two categories of public spending—on final consumption and gross capital formation—make up one of the main parts of the GDP.
Taxes, customs charges, the sale or leasing of natural resources, government borrowing, and a variety of fees, such as license or entrance fees for national parks, can all be used to pay for government spending.
b. The government increasing spending : temporarily removes funding from the private sector; funds infrastructure spending and public goods; supported by those who think the government does not spend enough.
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The complete question is mentioned below :
Classify each item as associated with the government cutting taxes or the government increasing spending.
- Often results in increased paying down of private debt
- Funds infrastructure spending and public goods
- Increases private-sector spending
- Supported by those who think the government does not spend enough
- Temporarily removes funding from the private sector
- Supported by those who think the government spends too much
________ uses price points to establish prices that help create the impression that the product is less expensive than it is.(1) Psychological pricing(2) Everyday low pricing (EDLP)(3) Bundling(4) High-low pricing(1) Psychological pricing
Psychological pricing uses price points to establish prices that help create the impression that the product is less expensive than it is.
Option 1 is correct .
Psychological pricing :The use of pricing to sway a customer's purchasing decisions or spending patterns is known as psychological pricing.The objective is to satisfy a customer's psychological need, whether that need is to save money, invest in the best product, or receive a "good deal."
The benefits of psychological pricing :The reality that buyers don't always know what something should cost is exploited by psychological pricing. The most common ways we may tell if something is a good deal are to buy it for less than it would normally cost or to compare it to similar items in the same category.
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In the context of marketing ethics, identify the arguments put forth by defenders of advertising. (Check all that apply.)
Advertising and other marketing strategies violate consumer autonomy by generating wants.
What is Advertising?Advertising refers to the methods employed to market a good or service.
Reaching the demographics most likely to be interested in purchasing a company's goods or services is the aim of advertising.
Advertising aims to draw consumers' attention by emphasizing a product or service.
Although there are many other uses as well, commercial advertising is the most common. It is frequently used to promote a certain commodity or service.
Commercial advertising typically aims to increase consumption of their products or services by "branding," which associates a product name or image with certain features in consumers' thoughts.
On the other hand, commercials that are meant to result in an immediate sale are referred to as direct-response advertisements.
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General Electric Corp. developed a(n) that helps nonexperts to identify common metals and alloys outside laboratories.
a. decision support system (DSS) b. enterprise resource planning (ERP) system
c. expert system (ES) d. supply chain management (SCM) system
For controlling and processing corporate activities, the Erp System (ERP) system acts as the software paradigm. It benefits the company.
What is the definition of management?Management is the act of completing the duties or activities necessary to accomplish the goals of an organization in an effective and efficient way. Process indicates administrative duties. Planning, organizing, staffing, monitoring, and management are therefore involved.
Why is management essential?It is the duty of a manager to provide general leadership and direction in the achievement of organizational objectives. Enhanced effectiveness Through effective planning, planning, managing, or directing, management encourages productivity, which in turn helps the business become much more efficient.
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What advice do financial advisors give?; Who can help me make financial decisions?; What is the purpose of financial advisor?; What financial planners help with?
A qualified financial advisor will inquire about your objectives and develop a strategy to assist you in achieving them.
This can entail figuring out how much money you should set aside for retirement, making sure you have a sufficient emergency fund, making tax-planning recommendations, or assisting you with a refinance or debt repayment.
Financial counselors can develop plans to assist you in paying off debt and preventing further debt.
The primary care physician is to your health what a financial advisor is to your money. The big-picture person, the one you speak to first about any financial difficulties, is your financial planner. They can assist you in creating a strategy for debt repayment, college savings, or retirement investing.
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When a country accepts a loan from the IMF or World Bank, the loan also comes with a number of mandatory conditions that the country must meet. Often, these conditions include:Group of answer choicespolicies to encourage foreign investment and encourage free trade.All of the answer choices are correct.privatizing state enterprises, like the water system.cutting spending to health care and education.
When a country accepts a loan from the IMF or World Bank, the loan also comes with a number of mandatory conditions that the country must meet. often, these conditions include:
lowering education and health care spending,selling state-owned businesses including the water system, andimplementing free-trade and foreign investment-friendly policiesThe International Monetary Fund (IMF) is a worldwide foundation that cultivates worldwide exchange, battles destitution, and attempts to increment monetary dependability and worldwide financial advancement.
A few highlights of IMF are-
Making credits to countries in monetary difficulty to deflect or decrease monetary emergencies is perhaps of IMF's most pivotal obligation.The Bretton Woods understanding which tried to advance worldwide monetary participation by laying out an arrangement of tradable monetary forms with fixed trade rates, prompted the production of the IMF in 1945.The International Monetary Fund (IMF) accumulates colossal volumes of information on individual public economies, global trade, and the generally global economy and offers monetary forecasts.Know more about IMF - https://brainly.com/question/28149436
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Creighton, Inc., has invested $2,165,800 on equipment. The firm uses payback period criteria of not accepting any project that takes more than four years to recover costs. The company anticipates cash flows of $424,386, $512,178, $561,755, $764,997, $816,500, and $825,375 over the next six years. What is the payback period, and does this investment meet the firm's payback criteria?
The payback period of Creighton, Inc., will be 3.87 years, and the investment also meets the payback criteria of the firm. Therefore, the option C holds true.
The payback period of the firm will be computed on the amount invested, and the time taken for the cash flows to break-even the amount invested on the equipment by the firm.
It has also been provided that the firm does not accept a project that takes more than 4 years to complete. Since, the payback period here is less than 4 years, i.e., 3.87 years, it is well within the payback criteria of the firm.
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Complete question.
Creighton, Inc., has invested $2,165,800 on equipment. The firm uses payback period criteria of not accepting any project that takes more than four years to recover costs. The company anticipates cash flows of $424,386, $512,178, $561,755, $764,997, $816,500, and $825,375 over the next six years. What is the payback period, and does this investment meet the firm's payback criteria?
a. 4.13 years; no
b. 4.13 years; yes
c. 3.87 years; yes
d. 3.87 years; no
during the past three decades, the level of federal payroll tax has, and the level of federal corportate teces has
During the past three decades, the level of federal payroll tax has increased and the level of federal corporates taxes has fallen.
What is meant by the federal payroll tax?Payroll taxes are levied by the federal government on salaries and self-employment earnings, and the money collected is used to pay for Social Security, Medicare, unemployment insurance, and other social insurance programs.
The city, state, or nation where they reside or conduct business is responsible for collecting tax from both individuals and businesses. Federal taxes are those that are collected and paid to the federal government of the nation. Federal taxes are used by governments to fund the expansion and maintenance of the nation.
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In early 2001 investment spending sharply declined in the United States. In the 2 months following the September 11, 2001 attacks on the United States, consumption also declined. Use AD-AS analysis to show the two impacts on real GDP.
A decrease in aggregate demand corresponds with a lower price level.
Actual gross domestic product is a macroeconomic degree of the price of monetary output adjusted for fee changes. This adjustment transforms the cash-cost measure, nominal GDP, into an index for the amount of general output.
Real GDP is an inflation-adjusted calculation that analyses the rate of all commodities and offerings manufactured in a rustic for a set year. it's far expressed in foundation yr prices and called a hard and fast value price. it is also known as inflation-corrected GDP or regular-price GDP.
Nominal GDP reflects the uncooked numbers in contemporary bucks unadjusted for inflation. actual GDP adjusts the numbers by using fixing the forex fee, hence casting off any distortion due to inflation or deflation.
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Frequent deliveries of small shipments can reduce inventory but also result in an increase in the transportation cost per unit. The materials in the supply chain flow toward the end of the chain, while the information and the dollars move toward the beginning of the chain. True or False ?
True- Frequent deliveries of small shipments can reduce inventory but also result in an increase in the transportation cost per unit. The materials in the supply chain flow toward the end of the chain, while the information and the dollars move toward the beginning of the chain.
transportation cost
Transport expenses are the monetary amount that a transportation provider must spend in order to offer transportation services. 1. Transportation Fees and Rates Transportation networks must enhance their capacity while decreasing transportation costs.
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TRUE/FALSE. a patent gives the patent holder the right to defend the patent against others who would attempt to manufacture, use, or sell the invention during the period of the patent.
A patent gives the patent holder the right to defend the patent against others who would attempt to manufacture, use, or sell the invention during the period of the patent. This statement is true.
What privileges does a patent holder receive?The government grants you, the inventor, the right to prevent others from creating, using, or selling your invention through the use of a patent, starting on the day the patent is issued and lasting up to 20 years from the date you filed your patent application.
Patents, trademarks, copyrights, and trade secrets are examples of intellectual property, which is protected by law. A patent grants the owner the legal right to oppose anyone attempting to make, use, or sell the invention within the patent's validity period.
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Which of the following statement(s) is(are) TRUE? I. The price of washing machines increased after tariffs were placed on washing machines, II. The price of dryers increased after tariffs were placed on washing machines. III. Producers increased the price of washing machines less than predicted, but increased the price of dryers to spread the tariff costs over both washing machines and dryers I and II only 1. II and III ll only I only
The following claims are both true: I. The cost of electrical appliances increased once tariffs were imposed on them, and II. The cost of dryers also jumped after tariffs were imposed on washing machines.
In marketing, what does a price mean?Price is the sum of money customers are willing to spend on a thing. Marketers must consider supplier costs, seasonal discounts, rival prices, and retail markup in addition to connecting the price to that same product's actual and perceived value.
What are pricing and its many forms?Pricing is the process of estimating the amount that a maker will get in return for their goods and services. In order to make the cost of that same producer's products appropriate for both the company and the customers
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Steve has to submit a timecard every week and his compensation is based upon the amount of time he works, rather than what he accomplishes. Steve is compensated based on
hourly work.
piecework.
skilled labor.
competence.
Steve has to submit a timecard every week and his compensation is based upon the amount of time he works, Steve is compensated based on Hourly work.
Option A is correct.
What is Compensation?Compensation usually refers to money paid to a person in exchange for a service. In the workplace, rewards are what employees get. This includes salaries or wages in addition to commissions and incentives or benefits associated with an employee's status.
Compensation is the combination of salary, wages, and benefits that an employee receives in exchange for doing a particular job. This may include annual or hourly wages combined with bonuses, benefits and incentives.
Why Compensation Matters?Compensation management is important for employee motivation. Employees who are valued are more likely to be motivated, loyal, and perform better than those who are not. There are several ways management and HR can express their appreciation.
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What were economic impacts of European imperialism in Africa?; What was one effect of European imperialism Africa?; How did European imperialism affect the economy?; What were the main effects of European colonization of Africa?
Measuring economic impact not only lets in public zone our bodies to assess their monetary go back on funding, but it additionally demonstrates how events power economic advantages - allowing event Organisers develop practices which maximise those blessings.
Monetary impact research estimate the full greenbacks, jobs, and family income generated in an economic system because of a new activity; for example, a business coming to or growing in the vicinity, a pageant, creation of an occasion center.
The effect of economic increase on commercial enterprise is highly advantageous: your enterprise is possibly to earn more customers, boom profitability, and revel in first-rate opportunities for further boom and enlargement.
Social and financial factors, including profits, education, employment, community safety, and social helps can significantly have an effect on how properly and how long we live. those factors affect our capability to make healthy alternatives, come up with the money for hospital treatment and housing, control stress, and more.
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the company sold treasury stock that had a cost of 4400 for 10400. compute net cash flows from financing activities
The company sold treasury stock that had a cost of 4400 for 10400. net cash flows from financing activities: Purchase of treasury stock. ($40,000) ; Payment of cash dividend. (95,000) ; Issuance of common stock. 147,000; Retirement of bonds.
An organization is a jail entity usual with the useful resource of the usage of a collection of human beings to have interaction in and carry out an organization—industrial business enterprise or commercial enterprise—business enterprise. An business enterprise may be organized with diverse strategies for tax and monetary liability functions relying on the organisation law of its jurisdiction.
There are 3 common styles of companies—sole proprietorship, partnership, and enterprise company—and every has its very personal advantages and disadvantages. In easy terms, the cause for an organization is to have sizeable creativity and prescience and then to be worthwhile in carrying out it. And we should qualify “profitable”: profitability method prolonged-time period sustainable returns and each phrase in that phrase is critical.
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The last major task Minnie completed before getting ready to prepare the firm'sfinancial statements was the preparation of the:A.cashbudget.B.masterbudget.
The last major task Minnie completed before getting ready to prepare the firm's financial statements was the preparation of the trial budget.
Clinical Trial Budget
While budgeting for a clinical trial should begin in the pre-study phase, each stage includes a number of key cost-planning stages that must be followed for the trial to be successful. A budget is used when deciding how to spend a projected income. All of the revenue and costs should be evaluated.
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The last major task Minnie completed before getting ready to prepare the firm's financial statements was the preparation of the:
A. Cash budget.
B. Master budget.
C. Trial balance.
D. Internal audit.
which of the following illustrates the function of the financial market
Facilitate price discovery, provide liquidity to financing assets and reduce the cost of transaction are all functions of financial markets.
A business setting where various bonds and securities are traded at lower transaction rates is referred to as a financial market. It consists of several types of financial instruments, such as bonds, stocks, derivatives, and foreign exchange markets, to name a few.
The financial market is essential for a capitalist economy to run smoothly since it aids in resource allocation and provides liquidity for businesses.
The financial market makes sure that the right allocation of cash is made between investing and collecting parties.
Financial markets allocate resources while also generating liquidity for commercial firms, assisting in the efficient operation of economies. In these Markets, several forms of financial holdings can be traded.
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Quick Fix-It Corporation was organized at the beginning of this year to operate several car repair businesses in a large metropolitan area. The charter issued by the state authorized the following stock:
Common stock, $14 par value, 99,100 shares authorized
Preferred stock, $46 par value, 8 percent, 59,300 shares authorized
During January and February of this year, the following stock transactions were completed:
a. Sold 78,900 shares of common stock at $28 cash per share.
b. Sold 20,000 shares of preferred stock at $79 cash per share.
c. Bought 5,100 shares of common stock from a current stockholder for $16 cash per share.
Net income for the year was $90,400; cash dividends declared and paid at year-end were $31,200.
Question:
Prepare the stockholders' equity section of the balance sheet at the end of the year.
Stockholder's equity will be equal to $3766800, considering the value of common stock, preferred stock, additional capital and retained earnings.
common stock = $14*78,900 = $1,104,600
Preferred stock = $46*20,000 = $920,000
Add: additional paid in capital (78900 * $14 +20000 * $33) = $ 1764600
Add: retained earnings ($90400-$31200) = $59200
Less: treasury stock (5100 * $16) = $81600
Stockholder's equity = $3766800
Equity, also known as shareholders' equity or owners' shares for privately owned businesses, is the quantity of cash which would remain in the hands of a company's shareholders in the event that all of those assets were sold off and its liabilities were fully settled. It is the worth of sales revenue less any obligations owing by the company that were not transmitted with sale inside the case of an acquisition.
Additionally, a company's book value may be represented through shareholder equity. Equity may sometimes be given in exchange for cash. Additionally, it symbolizes the proportionate holding of a company's equity.
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a-1 athletic shoes has wide variety in its product line. a firm with a wide product variety will find it? A.difficult to achieve shorter product runs. A.difficult to reduce its unit costs. C.easy to reach optimum production efficiency. C.easy to realize economies of scale
"Difficult to cut its costs," is the right selection for the correct response. Given its enormous variation, it will be exceedingly challenging to lower its per-unit cost.
The decentralization of production would be the best choice for ?
Sudser Technology is a manufacturer of tools and machinery for the industrial sector that meet basic requirements. Decentralized production, which gives lower tier workers more autonomy, really boosts motivation and innovation, according to a Harvard University research. The demand for highly personalised products in today's fiercely competitive global market is forcing businesses to reconsider their manufacturing techniques. Companies of all sizes can adapt to prosper as a result of the development of new manufacturing technology, and the choice made by some to move from centralised production to decentralised facilities is essential to that success.
No matter how businesses expand and change their supply chain, cloud-based ERP systems are available to ease the move.
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Jan. 20 Michael McBryan started the business by depositing $80,000 received from the sale of capital stock in a company bank account
Jan. 21 Purchased land for $52,000, paying cash.
Jan. 22 Purchased a building for $36,000, paying $6,000 in cash and issuing a note payable for the remaining $30,000.
Jan. 23 Purchased tools and equipment on account, $13,800.
Jan. 24 Sold some of the tools at a price equal to their cost, $1,800, collectible within 45 days.
Jan. 26 Received $600 in partial collection of the account receivable from the sale of tools.
Jan. 27 Paid $6,800 in partial payment of an account payable.
Jan. 31 Received $2,200 of sales revenue in cash.
Jan. 31 Paid $1,400 of operating expenses in cash—$200 for utilities and $1,200 for wages.
Journalizing the January transactions of Michael McBryan's Company is as follows:
Journal Entries:Jan. 20 Debit Cash $80,000
Credit Common Stock $80,000
Jan. 21 Debit Land $52,000
Credit Cash $52,000
Jan. 22 Debit Building $36,000
Credit Cash $6,000
Credit Note Payable $30,000
Jan. 23 Debit Tools and Equipment $13,800
Credit Cash $13,800
Jan. 24 Debit Accounts Receivable $1,800
Credit Tools and Equipment $1,800
Jan. 26 Debit Cash $600
Credit Accounts Receivable $600
Jan. 27 Debit Accounts Payable $6,800
Credit Cash $6,800
Jan. 31 Debit Cash $2,200
Credit Sales Revenue $2,200
Jan. 31 Debit Operating Expenses $1,400
Debit Utilities Expenses $200
Debit Wages Expenses $1,200
Credit Cash $2,800
Journal Entries:Transactions are recorded as journal entries before they are posted to the general ledger.
In the general ledger, they are summarized using the trial balance, which is the starting point for preparing financial statements.
Transaction Analysis:Jan. 20 Cash $80,000 Common Stock $80,000
Jan. 21 Land $52,000 Cash $52,000
Jan. 22 Building $36,000 Cash $6,000 Note Payable $30,000
Jan. 23 Tools and Equipment $13,800 Cash $13,800
Jan. 24 Accounts Receivable $1,800 Tools and Equipment $1,800
Jan. 26 Cash $600 Accounts Receivable $600
Jan. 27 Accounts Payable $6,800 Cash $6,800
Jan. 31 Cash $2,200 Sales Revenue $2,200
Jan. 31 Operating Expenses $1,400 Utilities Expenses $200 Wages Expenses $1,200 Cash $2,800
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Question Completion:Journalize the transactions.
