Cash received in advance from clients for legal services is recorded in unearned revenue. the end-of-period adjusting entry to record the portion of revenue that has been earned is:________

The form of passive income is option C. Wages from a part-time job. Wages from a part time job is not the active income. It comes as an additional income to the main income coming from the main job.

Wages complement the income coming from the main job. Wages is a form of pay that comes on the basis of work done per time or week or period defined.

Passive income is a type of unearned income that is acquired automatically with minimal labor to earn or maintain. Passive income is often combined with another source of income, such as a side hustle. In the United States, the IRS divides income into three categories: active income, passive income, and portfolio income.

Therefore, the correct answer is option C. Wages from a part-time job.

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Answer:owning rental property

Explanation: just took the test

The securities and exchange commision plays the role of regulating stock market.

The Securities and Exchange Commission  is the national government regulatory body tasked with policing the corporate sector, players in the capital markets, the market for securities and investment instruments, and the general public’s protection.

The Securities Act, which was passed on October 26, 1936, established the Commission and gave it authority over exchanges, brokers, dealers, sales people, and the sale and registration of securities. Later legislation were passed to expand the Commission’s authority, stimulate investments, and more engaged public engagement in the operations of private firms and enterprises.

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Government programs that protect people experiencing unfavorable economic conditions are safety net.

A Government is the machine or institution of human beings governing an organized network, normally a nation. inside the case of its wide associative definition, government generally includes legislature, govt, and judiciary.

Government is the gadget of governing a state or network. The machine of social management, the proper to make legal guidelines underneath it, and the proper to put into effect them are given to a positive group of society.

The workout of political authority over the actions, affairs, and many others, of a political unit, humans, and so on, in addition to the overall performance of certain features for this unit or body; the action of governing; political rule and administration.

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YES. Under standard accounting rules, it is possible for a company's liabilities to exceed its assets. when this occurs, the owner's equity is negative.

The worth of an asset might increase or decrease because market value is determined by how much it is WORTH. When something becomes useless, its value can significantly decline from where it once was. For instance, if you had a firm that produced flip phones, but no one continued to buy them the following year, your production facility would be worthless.

Unfortunately, the bank still desires to recover its loan in the situation above. The flip phone company's issues with value are unimportant to the bank. The bank will make an effort to recover what is still owed to it.

YES. Under standard accounting rules, it is possible for a company's liabilities to exceed its assets. when this occurs, the owner's equity is negative.

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some of the potential difficulties in approaching strategic planning from a balanced perspective Traditional planning does not measure intangible assets.

What does it means.

Intangible assets are not taken into account in traditional planning. Companies that approach strategy from four perspectives—financial, customer, internal process, and learning/growth—can perform better. Customer satisfaction is related to customers.

Internal procedures have to do with managing the organization's operations and human resources. Learning and development are related to culture, as well as staff expertise and training.

The typical financial perspective only considers previous success, not current performance, and it does not fully explain what is happening in the organization. Losing sight of the company's profitability and being unable to multitask and pay attention to various aspects of the business may be challenges with the balanced perspective. 

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At an annual interest rate of 14 percent, about 5 years it take $100 to double in value.

In finance and economics, interest is charge from a borrower or deposit-taking economic institution to a lender or depositor of an amount above reimbursement of the major sum, at a particular fee. it's far wonderful from a rate which the borrower can also pay the lender or a few 0.33 birthday celebration.

Interest is the price you pay to borrow money or the cost you fee to lend money. interest is most often meditated as an annual percentage of the quantity of a mortgage. This percent is known as the interest charge at the loan.

Interest is described as the quantity of money paid for the usage of a person else's money. An example of hobby is the $20 that turned into earned this year to your financial savings account. An instance of interest is the $2000 you paid in hobby this 12 months on your private home loan.

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The factors that distinguish the successful implementation of the ABC costing method from those that have not succeeded are:

1. The system has top management support.

2. The ABC methods are understandable and explainable.

3. The system is accessible.

4. Internal people take ownership of the system.

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On august 1 of year 1 presco enterprises paid $1,200 cash for an insurance policy that would provide protection for a one year term. The company’s fiscal closing date is december 31. Based on this information, the amount of insurance expense appearing on the year 1 income statement would be zero.

When an expense is recorded at the identical time it's got with cash, the cash (asset) account declines, while the quantity of the expense reduces the retained earnings account. Thus, there are offsetting declines within the asset and equity sections of the record.

Paying cash to buy supplies is an asset exchange transaction. Total assets aren't affected. The asset insurance account (cash) and therefore the liability account (unearned revenue) increase. The revenue recognition is deferred until the services are literally performed.

Unearned revenue may be a liability account that appears on the record. Collecting cash for services to be provided within the future is an asset source transaction.

The asset account (cash) and therefore the liability account (unearned revenue) increase. The operating insurance statement isn't affected. A cash inflow from operating activities would be shown on the statement of money flows.

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Although abels manufacturing has facilities in several​ countries, management decisions that have​ company-wide implications are made within the home country. Abels manufacturing would be described as a global company.

An international business that concentrates management and other choices in the home nation is referred to as a global company. Global refers to the entire world, yet a global corporation need not operate globally. It is a business that operates in at least one nation other than its own. There are classifications based on their enormous size, numerous products, technological advancements, marketing, strategies, and global network of operations.

Global corporations expand their marketing and manufacturing operations through a network of their branches in several nations. Their goal is to work across multiple international borders and make money in several national currencies. These organizations have international books of accounts that, in accordance with their usage, are combined at the end of each financial year for the respective countries.

Features of global company:

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A form describing the goods or services sold, the quantity, the price, and the terms of sale is an Invoice.

Whilst customers are happy with the provider they obtain, they are more likely to believe and be dependable to that business enterprise. correct customer support creates a wonderful revel for customers, which could result in repeat business and referrals.

Everything as a service (additionally called “something as a service”) is a preferred category of cloud-based solutions that are deployed remotely and may be accessed on call. XaaS can be added in numerous ways, along with non-public on-premises services (i.e., managed for your personal records middle) Hosted with the aid of a service issuer.

Offerings are essentially intangible activities that are one at a time identifiable and provide delight to wants. Their purchase does not result in the ownership of something physical. Services involve an interplay to be realized between the provider company and the client.

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The Correct answer is C. Accounts payable is thought as a business purchasing inventory.

Accounts payable (AP) may be a short-term debt and a liability on a record where a business owes money to its vendors/suppliers that have provided the business with goods or services on credit. Accounts payable is additionally named because the department that handles vendor invoices or bills and records the short-term debts within the book of account (GL). The AP department will verify invoices against (purchase) orders and make sure the goods or services were received before issuing payment to their vendors. Therefore correct answer is C, Accounts payable.

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Generally speaking, but not always, goods are tangible objects, whereas services are neither tangible nor physical yet are nevertheless in high demand among consumers.

A tangible object that buyers want or own is a good. Despite not being a material or physical object, consumers nevertheless desire services. A service can frequently be delivered remotely as well. The terms "goods" and "services" collectively describe what people consume and pay for.

An economic system's output is goods and services. Services are tasks carried out for the benefit of the recipients, whereas goods are physical commodities offered to clients. Automobiles, home products, and apparel are a few examples of goods. Legal counsel, housekeeping, and consulting services are a few examples of services.

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The annual discount rate on treasury bill will be $ 3.70

Given, Face value of T-bill = $ 7,200

Sale value of T-bills = $ 6934

Difference = $ 7,200 - $ 6934 = $ 266

Annual discount rate = difference/ face value *100

                                   = $266/7,200*100

                                   = 3.70 %

Treasury bills are approved when the state requires finances for a brief period of time. These bills are only issued by the federal government, and the interest rate on them is ascertained by forces of supply and demand. Treasury bills, also known as T-bills, have a maximum maturity of 364 days. As a consequence, they are characterized as money market instruments. (Money market deals with funds with a maturity of less than a year). 

Treasury bills have an added benefit over all other financial products due to their negligible weightage. T-Bills have a very active secondary market and a high degree of tradability.

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The complete question is here:

A six-month $7200 treasury bill sold for $6934. what was the simple annual discount rate?

The return on equity of Rive-up whose sales of $31.4 million, total assets of $27.6 million, and total debt of $14.9 million is 9.15.

Return Of Equity = Profit margin (sales)/ (total assets - debt)

                            = [.037($31.4m)]/($27.6m − 14.9m)

Return Of Equity = .0915, or 9.15%

A metric of financial performance that is known as return on equity (ROE) can be obtained by dividing net income by shareholders' equity. ROE is the return on net assets because shareholders' equity is determined by deducting a company's debt from its assets. ROE is thus regarded as a barometer of a firm's profitability and how well it produces profits. The management of a firm is more effective at generating income and growth from its equity financing the higher the ROE. Any corporation can calculate its ROE in percentage form if its net income and equity are both positive figures. Before dividends given to common shareholders, after payouts to preferred shareholders, and before interest paid to lenders, net income is computed.

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Population parameter - The percentage of all directors that feel intruded significantly on their workday by such surveys. The population of interest is all Fortune 500 human resource directors.

Variable of interest - Whether Fortune 500 directors feel intruded significantly on their workday by such surveys.

Sample size - 115 (23% of 500)

Sample - 23% of the Fortune 500 human resource directors responded to the survey.

Sample statistic for the target population parameter - The percentage of all Fortune 500 directors that feel intruded significantly on their workday by such surveys. A mail-in survey is a survey tool in which respondents post their responses to the researcher. A cover letter is mailed to the recommended respondent, who then mails it to the research institution. An email survey is a form of survey that is sent to specific people.

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A push strategy involves a company trying to move its products through the channel by convincing channel members to offer them and entice customers to buy them.

A push strategy is a marketing strategy in which companies take their products to their customers. The goal of this strategy is to get the product in front of customers directly through trade shows and point-of-sale displays.

When it comes to marketing your product, there are numerous strategies you can employ to get your merchandise in front of your customers. There are two primary methods for selling your product: push and pull. Each strategy has advantages depending on your infrastructure and the type of small business you own.

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Professors at Bloomington university must follow strict guidelines when it comes to planning and delivering course material. This is an example of low autonomy.

Such a system under which an employee has the right to self-govern himself in order to reach an outcome is referred to as autonomy in business.

However, if a person is not allowed self-governance and has to follow strict guidelines for a task then this is an example of low autonomy.

As professors at Bloomington university are required to follow a set of strict guidelines in order to plan and deliver their course material, hence this is a representation of low autonomy.

Places, where strict guidelines are used, may have their own benefits as well as disadvantages. Under these guidelines, a person may work thoroughly.

Although a part of your question is missing, you might be referring to this question:

Professors at Bloomington University must follow strict guidelines when it comes to planning and delivering course material. This is an example of low

a. task significance.

b. autonomy.

c. hierarchy.

d. skill variety.

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The following statement is False. When workers in the union elect their officers to represent them, it is an example of the division of labor.

The division of labor refers to the the people who are focusing in a specific part of production process. Adam Smith in 1776 wrote a book name An inquiry into the wealth of nation. which is later known as A wealth of nations. He used pin factory as an example. He noted how there are many complex stages to the process. The division of labor is the process in which each and every part of production is split down into sectors in which an employee undertakes a specific task.

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According to marginal thinking, an individual will continue to consume until after the benefit of additional consumptions is less than its cost.

What is Marginal cost?
In economics, the difference in total cost caused by increasing the quantity produced is known as the marginal cost, sometimes known as the cost of producing more. In certain contexts, it might refer to an increase in output of one unit, while in others, it can relate to the rate of change of total cost as output grows by a modest amount. The marginal cost, which is shown in Figure 1 to be measured in dollars per unit while total cost is shown to be in dollars, is the slope of the total cost, or the rate at which it increases with production. The difference between average cost, which is the total cost divided by the quantity produced, and marginal cost is called the margin.

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The company would need would need 177.39 commercial hours to break even each month.

Intracompany Hours = 205.00

Intracompany CM / Revenue Hour = 371.30

Total CM = 76,116.69

Remaining FC that must be covered by Commercial  = 136,822.31

Commercial CM / Revenue Hour = 771.30

Commercial Revenue Hours needed to break-even =  177.39

Business hours are the times of day when transactions are typically made. Regular business hours differ greatly from country to country. Employees can communicate with one another more easily and create a convenient separation between work and home life by adhering to common informal standards for business hours.

The most typical full-time workweek consists of 40 hours and runs from 9:00 AM to 5:00 PM, Monday through Friday. While most full-time work schedules typically consist of one shift per day, there are some jobs (like retail) where there may be multiple shifts, but the total number of hours worked will still be 35 to 40 per week.

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Businesses are best positioned to maximize their profits when marginal costs, or the change in expenses brought on by creating a new item, are equal to marginal revenues - $4800

50100 - 2100 = 5000 - 200 = 4800

100 shares are included in an option agreement.

Profitability can be influenced by four key factors. Costs are decreasing, turnover is increasing, production is increasing, and efficiency is increasing. You can expand into new market categories or create brand-new products or services. In economics, the equation MC = MR, where MC stands for marginal expenses and MR for marginal revenue, is used to represent the profit maximization rule.

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Value added equals the market price of the firm's product minus cost of goods and services

A company with the experience and knowledge to take a digital product from conception to launch is known as a digital product firm, which is also frequently referred to as a product studio. This is referred to as end-to-end at AWH. A product firm like ours, as opposed to a more constrained design or development firm, has a multidisciplinary team across the various disciplines necessary to make a digital product and is not only capable of doing one component of it. It's important. Why? Because ongoing iteration between product designers and users leads to the development of the best products.

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A low-volume process that produces customized products is called a job shop.

Job shops are typically small manufacturing systems that handle job production, that is, custom/bespoke or semi-bespoke manufacturing processes like small to medium-sized customer orders or batch jobs. When a job shop finishes one job, they typically move on to another.

Typically, they are companies that manufacture custom parts for other companies. A wide variety of businesses, including machine tool shops, machining centres, paint shops, commercial printing shops, and other manufacturers who produce customised goods in small lot sizes, are examples of job shops.

Fewer machines are needed to produce a wide range of products in job shop manufacturing because all machines are used fully and efficiently. Due to the relative low number of machines, job shop manufacturing requires less investment.

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  The monthly interest rate for this credit card is 1.4875%.

  The effective annual rate is 19.385%.

  An interest can be defined as a percentage rate that is added to a capital for a stipulated period of time, it can be variable or constant depending on the type:

 If the credit card has an interest rate of 17.85% capitalizable monthly, then to know the monthly interest rate we only need to divide by the number of months of the year.

17.85% / 12

1.4875%

  For the effective annual rate we use the following equation:

Te = (1 + i)ⁿ - 1

Te = (1 + 1.4875%)¹² - 1

Te = 0.19385 = 19.385%

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The correct answer is that both accounting and GAAP require that Paul should recognize the employee’s total salary expense in accrual basis.

Accrual basis of accounting: Revenue is taken into account for each time when it is earned under this method. In comparison to the cash accounting, the accrual method records earnings whenever a product and services is conveyed to the client with the possibility of future reimbursement. To put it another way, cash is taken into account for before it is received. Similarly, costs for products and services are noted before any money is paid for them.

The accrual basis accounting is mainly used by large companies or public companies because it makes their earning smooth over time.

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Small businesses account for 68 percent of the gross domestic product (GDP).

Gross domestic product is a monetary measure of the market value of all final goods and services produced by a country in a given period of time. Due to its complex and subjective nature, this indicator is often revised before being considered a reliable one.

When calculating GDP using the expenditure approach, the components are consumption, investment, government spending, and imports and exports.

Gross Domestic Product (GDP) is the sum of final consumption expenditure (household, NPISH and general government), gross fixed capital formation, change in inventories, exports of goods and services minus imports of goods and services .

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A producer's risk is the probability of rejecting a good lot.

Producer's risk is the probability that a very good product may be rejected as an awful product via the purchaser. It calculates the possibility of loss from (1) rejecting a batch which, in fact, needs to were widespread, or (2) accepting a batch that, in fact, can be rejected by using the patron.

Which means that there are styles of dangers that can occur: The chance that made of unsatisfactory satisfaction can be conventional (consumer's risk) The chance that excellent best product could be rejected (producer's hazard).

The mistake of rejecting an amazing-satisfactory lot creates a hassle for the Producer; the opportunity of this mistake is known as the manufacturer's chance.

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Tissues that produce large amounts of secretions, such as the gastric glands of the stomach, contain cells with large numbers of Golgi apparati.

The stomach's lining contains glands called gastric glands that are crucial to the digestion process. Foveolar cells that secrete mucus are present in every gland. The entire stomach is lined with mucus, which shields the lining from the effects of hydrochloric acid released by other glandular cells.

The synthesis and secretion of gastric juice are carried out by these glands. The stomach and gastric pit epithelium is entirely composed of mucous columnar cells. The gastric mucosa is shielded from acid and enzymes in the lumen by the mucus produced by these cells.

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Based on the graph given on the labor market in this economy and the wage rates, the shortage in this labor market is 4000 workers.

A shortage of labor builds when the demand for labor is more than the supply of labor. This often happens in situations where the wage rate is lower than the equilibrium rate. As a result, less people would be willing to work for the lower wages unless they improve. Markets for labor have demand and supply curves, just like markets for goods. The law of demand applies in labor markets this way: A higher salary or wage

The labor shortage here is:

= Labor demand at $9 - Labor supply at $9

= 102 - 98= 4,000 workers

In conclusion, the labor shortage is 4,000 workers.

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