In double-entry accounting, debits represent money coming in and credits represent money leaving out.
What is meant by Debit and Credit?In double-entry accounting, debits represent money coming in and credits represent money leaving out. There must be a credit of equal value in another account for every debit in the first account. Money that enters an account is referred to as a debit, and money that leaves an account is referred to as a credit. A balance sheet account's debit is its positive side, and a result item's debit is its negative side. In accounting, a debit entry is one that appears on the left side of a double-entry bookkeeping system and denotes either the addition of an asset or expense or the decrease of a liability or revenue. A credit is what a debit is the opposite of.Accounts Payable - Debit and Credit
2. Accounts Receivable- Debit and Credit
3. Cash -Debit and Credit
4. Fees Earned- Credit Only
5. Insurance Expense- Debit only
6. Dividends -Debit only
7. Utilities Expense- Debit only
The complete question is,
During the month, Gates Labs Co. has a substantial number of transactions affecting each of the following accounts. State for each account whether it is likely to have debit entries only, credit entries only, or both debit and credit entries. (IDENTIFY IF THEYRE DEBIT ONLY, CREDIT ONLY OR BOTH DEBIT AND CREDIT)
1. Accounts Payable
2. Accounts Receivable
3. Cash
4. Fees Earned
5. Insurance Expense
6. Dividends
7. Utilities Expense
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American business interests in Hawai'i were mostly interested in this industry in the 1890's when they pushed for annexation of the Hawaiian islands.
O The sugar industry
American business interests in Hawai'i were mostly interested in Sugar industry in the 1890's when they pushed for annexation of the Hawaiian islands.
What is Sugar Industry?The production, processing, and selling of sugars are all included in the sugar business. The majority of sugar is produced worldwide from sugar beet and sugar cane. Soft drinks, sweetened beverages, fast food, convenience meals, candy, confectionery, baked goods, and other sweetened foods all require sugar.
Hawaiian sugar production doubled within four years once the new market was secured. The island's sugar production peaked in 1890 at 129,000 tons. Hawaiian natives did not prove to be reliable field workers, and the native population tragically declined as a result of illnesses and other factors.
On Oahu's Manoa Valley, sugar cane was planted for the first time in Hawaii in 1825 with the intention of producing sugar. Two years later, the plantation was abandoned. At 1835, Ladd and Company established the first productive sugar cane plantation in Koloa, Kauai.
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which of the following would result in higher price elasticity of good x? group of answer choices more substitutes for good x a shorter period of time has passed since the change in the price of good x lower costs of labor in the production of good x good x is more of a necessity than a luxury
More substitutes for good x would result in higher price elasticity for good x.
The rate of the chance change in volume requested of a product to the chance change in price is defined as price elasticity of demand. Knowing an item's price elasticity of demand assists someone dealing with that good to make intelligent pricing decisions. This metric provides merchandisers with information about consumer pricing perceptivity. It's also crucial for makers of goods to determine manufacturing plans, as well as for governments to assess how to put levies on goods. However, it's elastic, If the volume demanded of a product changes greatly in response to changes in its price. That is, the demand point for the product is stretched far from its previous point. However, it's inelastic, If the volume bought shows a small change after a change in its price. The volume didn’t stretchable much from its previous point.
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while organic meals group has heard of the sensing ad agency, they have never conducted business with them. this is an example of the stage between client and agency.
Full-service marketing firm. The ideal choice for your company is a full-service advertising firm if it needs a little bit of everything. From strategy to execution to measuring advertising performance, these companies will be able to assist you at every stage of the advertising process.
What are the functions performed by such type of advertising agency?A full-service advertising firm can handle all facet of a company's marketing and advertising. This typically comprises internet-based interactive marketing services as well as strategic planning, production, creativity, and innovations.
An advertising agency is a business that works with clients to promote and raise awareness of them through advertising. These firms employ experts in marketing, advertising, and consumer behavior who have specific training and understanding.
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According to the ________ hierarchy, the consumer considers purchases based on an attitude of hedonic consumption (such as how the product makes him or her feel or the fun its use will provide).
A) experiential
B) habitual
C) low-involvement
D) standard learning
Option A- According to the experiential hierarchy, the consumer considers purchases based on an attitude of hedonic consumption (such as how the product makes him or her feel or the fun its use will provide).
The experiential hierarchy of effects covers views that are solely driven by a consumer's emotions toward a given good, service, or company. Assumed to be A to B to C. Following the purchase and either supporting or weakening the sentiments, cognition and beliefs follow the decision-making process.
The cognitive component, the affective component, and the conative component make up the tricomponent model of attitudes. The identifying the strengths records a consumer's knowledge and beliefs (i.e., perceptions) regarding goods and services. a ranking of potential reactions based on the relative likelihoods that they will be triggered, where more likely behaviours are placed higher than less likely behaviours. referred to as behavioural hierarchy.
The higher a person is in the organisational hierarchy, the more authority they have.
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refer to exhibit 19-3. when price decreases from $3.50 to $2.50, the price elasticity of supply is group of answer choices 0. 1.0. 5.0. 0.1. 0.5.
When price decreases from $3.50 to $2.50, the price elasticity of supply is 0.5.
This means that for every 1% decrease in price, the quantity supplied increases by 0.5%. Price elasticity of demand is a dimension of the change in the consumption of a product in relation to a change in its price. Economists use price elasticity to understand how force and demand for a product change when its price changes. Like demand, force also has an elasticity, known as price elasticity of force. Price elasticity of force refers to the relationship between change in force and change in price. It’s calculated by dividing the chance change in volume supplied by the chance change in price. Together, the two adaptability combine to determine what goods are produced at what prices. A good is impeccably elastic if the price elasticity is horizonless ( if demand changes mainly indeed with minimum price change).
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people with which of the following feel powerless to change explicam senses are likely to make an effective and
People feel helpless ,It can be quite difficult to understand how much power and influence you actually have in your life.
Why do people feel helpless?It can be quite difficult to tell how much power and influence you actually have in your life, and this can lead to people feeling helpless and powerless at times. This is because they have frequently been ignored or treated as inept.It can be quite difficult to understand how much power and influence you actually have in your life. This is because many people experience feelings of powerlessness and helplessness as a result of being frequently dismissed or treated as inept.People feel helpless ,It can be quite difficult to understand how much power and influence you actually have in your life.The complete question is,
Why do people feel helpless?
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value-added processing describe the transformation of a commodity to meet the tastes and preferences of consumers. which of the following is involved in transforming a commodity to a value-added product?
Marketing, Processing, Transporting, and Retail are elements involved in transforming a commodity to a value-added product.
Value-added processing can range from simple to complicated. Adding value may be as basic as selecting fruits and vegetables by size and selling them in distinctive packaging as it can be as sophisticated as processing salsa, jams, jellies, chutney, and meat animals. Value-added processing is a method of using food that is not used for fresh market sales and product surplus throughout the growing season. There are normally processing requirements that must be followed depending on the raw components and the final result. The value-added process identifies which actions and procedures contribute value to a company's products, services, or entire business. Value considers what a consumer will pay for a product or service, which means that the customer is ultimately responsible for determining if an action adds value to the product or service.
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When the auditor believes a misstatement is or may be the result of fraud but that the effect of the misstatement is not material to the financial statements, which of the following steps is required?a. Consider the implications for other aspects of the audit.b. Resign from the audit.c. Commerce a fraud examination.d. Contact regulatory authorities.
A. Consider the implications for other aspects of the audit. The auditor must assess the ramifications for the audit if they determine that fraud caused the financial statements to be materially misstated.
Financial statements are documents that describe a company's operations and financial performance. Government organisations, accounting companies, etc. frequently audit financial accounts to guarantee accuracy and for tax, financing, or investment purposes. The balance sheet, income statement, statement of cash flow, and statement of changes in equity are the four basic financial statements for for-profit entities. A comparable but distinct set of financial statements is used by nonprofit organisations. Financial information is used by investors and financial analysts to assess a company's performance and forecast where the stock price will go in the future. The annual report, which includes the company's financial statements, is one of the most significant sources of trustworthy and audited financial information.
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use the chart to determine the marginal revenue associated with the sale of the second unit. g
The marginal revenue associated with the sale of the second unit is $8. the marginal revenue associated with the sale of the second unit.
what is marginal ?
Marginal refers to the additional benefit or cost of a one-unit change in the production or consumption of a good or service. It is used to measure the impact of a small change in an economic activity, such as the effect of a new employee on the productivity of a business or the impact of a new tax on consumer spending. Marginal analysis is used to identify the most efficient use of resources and to understand the potential gains from making a small change.
Marginal cost and marginal benefit are two important concepts in economics that are used to evaluate the value of a particular decision. Marginal cost is the cost of producing one additional unit of a good or service and marginal benefit is the benefit of consuming one additional unit.
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common features of a financial institution include direct deposit and access to checks, atms, debit cards, and checking and savings accounts. you should reconcile your accounts by comparing your own records with your financial institution's records so you can catch any errors, fees, and avoid spending more than you have. compound interest will earn you more money than simple interest. compounding more often, such as daily, will earn you even more money.
Direct deposit, access to checks, ATMs, debit cards, checking and savings accounts utilising a debit card, internet banking, writing checks, and cash withdrawals from an ATM or a branch office are all standard features of financial institutions.
A sort of bank account that permits both withdrawals and deposits is a checking account. Depending on the type of account, these can be opened with no minimum deposit or for a low minimum deposit and can be accessed in a variety of methods, including cheques, debit cards, and ATMs.
You can receive your paychecks into an eligible checking or savings account automatically through direct deposit. Because you don't have to deal with paper checks and in-person trips to your bank institution, this is a well-liked method of receiving payments.
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During the year, Granite Co. sold a building for $100,000, resulting in a gain of $20,000. The building has a net book value of $80,000 at the time of the sale. Granite uses the indirect method when preparing its statement of cash flows. What is the amount that would be included in Granite's financing activities section because of the building sale?
(a) Because the sale of a building is not a financing activity, 0 would be listed under financing. The $100,000 in cash received would be reported in the investing part, and the gain of $20,000 would be a reconciling item in the operating section. However, there would be no information reported in the financing section regarding this transaction.
Which of the following represents the initial output of the accounting cycle?The right response is Journal. The first book in which a company unit's transactions are recorded is a journal. Business dealings are documented chronologically, or in the order that they happen. An entry is a record that is made in a journal.
In a proprietorship, the owner and the business are one and the same since the proprietor is the only owner of the enterprise. Therefore, the concept of a separate legal entity does not apply to proprietorship businesses.
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The aspect of setting organizational goals that demonstrates the belief that the business is run by employees and managers is called?
Peter Drucker introduced management by objectives in his 1954 book The Practice of Management.
The process of setting precise organizational goals that management can communicate to team members, then selecting how to accomplish each goal one at a time, is known as management by objectives.
To maintain a calm yet productive work environment, managers might use this technique to tackle tasks one at a time. Individual goals and organizational goals are aligned in this management system.
Employees are more likely to carry out their obligations when they are actively involved in formulating goals and selecting the course of action to be taken.
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when a price, wage, or interest rate is adjusted automatically with inflation, it is said to be nominally adjusted.
Economists use the term indexed when a price, wage, or interest rate is automatically adjusted for inflation.
An indexed payment rises in line with the inflation index. Indexing accommodations vary widely in capital investment and federal programs.
How and why that tends to happen because once inflation rises?
For a specified inflation rate, nominal interest must rise if real interest falls. If expected inflation rises, the cost of borrowing for a provided real interest rate must rise as well.
What Is the Definition of Inflation Indexing?
Inflation indexing is a term that applies to fully automated cost-of-living modifications constructed into tax legislation in a bid to keep up with inflation.
Real value equals nominal value multiplied by inflation. The real value is obtained by subtracting the result of price changes from the nominal value of dataset data in order to obtain a more accurate estimation of economic trends.
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Williams Inc. is expected to pay a $8 dividend next year and that dividend is expected to grow at 3.2% every year thereafter. If the discount rate is 8.3%, what would be the present value of the expected dividend stream (aka the expected price of the firm's stock)?
The entire annualized projected dividend payments from a portfolio, investment, or fund are added to any additional non-recurring dividends that an investor might get during that time to determine the dividend rate.
How Is a Dividend Rate Calculated?A portfolio's dividend rate is determined by multiplying the most recent periodic dividend payments by the number of payment periods in a year.The dividend rate, for instance, would be $2.12 per year (50 cents x 4 quarters + 12 cents = $2.12) if a fund of assets paid a 50 cents per share quarterly dividend in addition to a 12 cent extra payment per share due to a nonrecurring event from which the company profited.Dividends are typically paid by companies with significant cash flows. Instead of paying shareholder dividends, companies experiencing rapid development often reinvest any surplus capital back into the business. Producing necessities for consumers, such food, beverages, and household goods, as well as businesses that offer healthcare, for instance, are examples of cash-intensive businesses that often spend less on business expansion. As a result, it is more likely that these companies will pay dividends to shareholders as a portion of their earnings.To Learn more About dividend rate Refer To:
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which of the following would property managers be expected to personally do as part of their assigned duties?
a. budget preparation and oversight
b. To assess the adequacy of tenant income screening processes
c. income and expenses for each property
d. neighborhood sales
As part of their allocated responsibilities, property managers are expected to individually prepare and monitor their budgets. The correct option is option a.
Setting and collecting rent, responding to maintenance requests, filling unoccupied units, and possibly establishing the property's budget are all duties of the property manager. To take care of properties they do not live close to or do not wish to manage themselves, real estate investors typically use property managers. The primary duties of a property manager include monitoring the continuing upkeep of the owner's property(ies) and guaranteeing tenant happiness. The agreement with the owner will determine any additional obligations, such as finding renters and managing evictions. In addition to being proactive, involved, up-to-date, and knowledgeable, a property manager needs to be able to listen and communicate. Additionally, he or she should be sensible, resourceful, approachable, and well-spoken. The list of "and's" goes on and on for all the property managers who are tirelessly working to succeed.
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Which one of the following states a requirement or characteristic of special use valuation under IRC Section 2032A?A)Special use valuation can benefit an estate by allowing it to deduct up to $675,000 from the gross estate.B)An estate cannot use special use valuation unless it has business real estate.C)The benefit that can be gained by using special use valuation is limited to $1,000,000.D)The decedent must have materially participated in a farm or closely held business for at least eight years preceding death.
If the 2032A asset is sold to others like a qualified heir in under ten years of the decedent's death, the gain may be liable to recapture tax.
This is the correct response. Recapture of a benefit received may occur if the property sold or talented to an adult also isn't eligible or if house isn't put to an eligible usage ten years of the deceased's dying.
The value of the decedent's interest in skilled tangible property used with business must equal least 50percent of the total of decedent's gross property after values have been adjusted. All absolutely stellar secured debts and mortgage debt against qualified real estate are subtracted first from values.
A "qualified heir" is defined as a decedent's grandparents, relatives, nieces and nephews, daughters- and sons-in-law, and their domestic partners, in addition to the decedent's husband or wife and close associate descendants.
It does not have to be within the three years leading up the decedent's death. For five of the eight years preceding the decedent's death, the person who died or a member of the family should have been a content stakeholder in the procedure of both the tightly guarded business.
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which of the following behaviors likely would be involved in adaptive task performance? multiple select question. handling emergencies or crisis situations analyzing options for dealing with uncertain situations developing ideas or outcomes that are familiar dealing with unpredictable situations
Handling emergencies or crisis situations and Dealing with unpredictable situations, these behaviors are likely to be involved in adaptive task performance. Thus options A and D are the correct answers.
Handling emergencies or crisis situations: This behavior likely would be involved in adaptive task performance because it requires the ability to quickly and effectively respond to unexpected and potentially high-stress situations. This requires the ability to think on one's feet and make decisions quickly, as well as the ability to adapt to new and unexpected information. Dealing with unpredictable situations: This behavior likely would be involved in adaptive task performance because it requires the ability to respond to unexpected and unpredictable events. This requires the ability to think flexibly, be open to new ideas, and be able to improvise in the face of uncertainty. Adaptive task performance requires the ability to adjust one's behavior or approach to new or changing situations and not just rely on familiar or routine solutions.To learn more about adaptive task performance:
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Carlos and Deborah Arnold live in Conshohocken, PA. Deborah's father, Felix, lives in Sweden.For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.Transaction C I G X MThe Pennsylvania Department of Transportation, a state administration, fixes potholes along PA highway 23, which feeds into the center of Conshohocken. Carlos's employer upgrades all of its computer systems using U.S.-made parts. Deborah gets a new refrigerator made in the United States. Carlos buys a bottle of Italian wine. Deborah's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
In the calculation of U.S. GDP :
The state of Pennsylvania repaves highway PA 320 (G) Government purchase or expenditure. Carlos's employer upgrades all of its computer systems using U.S.-made parts (I) investment. Deborah's father in Sweden orders a bottle of Vermont maple syrup from the producer's website (X) exports. Carlos buys a bottle of Italian wine. (I) imports. Deborah gets a new refrigerator made in the United States. (C) consumption.
What is the GDP?The gross domestic product is typically used to measure the value added produced by the production of goods and services in a country over a given time period (GDP). As a result, it also takes into account the income from such production or the sum of the costs of the finished goods and services (less imports). Gross domestic product (GDP) is the total market worth of all the finished goods and services that nations produce and sell over a specific time period in terms of money. Due to its complicated and subjective nature, this measurement is extensively examined before being accepted as a reliable indicator.
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The company's shipments of newly-produced branded and private-label footwear from its production facilities to its regional distribution centers are subject to import tariffs of $8 per pair and shipping fees of $1 per pair.
per pair shipping/freight charges, plus any applicable import tariffs and exchange rate adjustments on cross-region shipments.
3-million pair import quotas on shipments from foreign facilities to Latin America, Europe-Africa, and Asia-Pacific and exchange rate shifts of as high as 20%.
shipping charges of $2 per pair on all pairs shipped regardless of destination and exchange rate shifts of as high as 15%.
shipping charges of $2 per pair on all pairs shipped to distribution centers in the same region as the production facility and $4 on all pairs shipped from one region to another.
Any applicable import tariffs and exchange rate adjustments apply to the company's shipments of newly produced branded and private-label footwear from its plants to its regional distribution centres.
What is Tariffs?Tariffs are a type of tax levied by a company on any imported goods crossing a government-controlled border.
Import tariffs:
These are taxes levied by customs authorities on goods imported into a country. Import duty is also known as custom duty or import tax.
Exchange rate:
The value of a country's currency is represented by an exchange rate. It is the value of one currency when converting to another.
As a result, the shipment of newly produced footwear from the company's production facilities to regional distributors is subject to import tariffs and rate adjustments.
As a result, import duties and rate changes may apply to the company's distribution of newly manufactured footwear from its manufacturing facilities to regional distributors.
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which item on a schedule k-1 (form 1065) would subject the partner to self employment tax? guaranteed payments for services rendered by a partner to a partnership. interest. royalties not derived in the ordinary course of a trade or business. ordinary income, but only if the partner was a limited partner.
Ordinary income would be liable to self employment tax for the partner, but only if the partner was a limited partner item on a schedule k-1 (form 1065).
The Internal Revenue Service (IRS) issues Schedule K-1 tax forms to the partners in business partnerships each year. Each partner's portion of the partnership's profits, losses, credits, and deductions is disclosed on Schedule K-1. It fulfils the same function in terms of tax administration as one of the different Forms 1099, which discloses dividend or investment gains from assets or income from sale of securities. The partnership that sends K-1s to its partners also sends Forms 1065, the partnership tax return, to the IRS. The partner typically does not submit a K-1. They merely prepare their tax return using the data on it.
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Hi,
How is your first week on Project Excite going? We need to deliver the test version of your product for review in a week. If you need support, let your teammates or me know, and we will do our best to help. Here is everyone’s availability over the next week.
Ravi = fully booked all week
Kara = some time Monday and Friday
Mark = some time Monday and Tuesday
Thanks,
Nadia Loomis
Task
Instructions
With the upcoming deadline, you need help to finish the project. Consider what additional information you would like to know before responding to Nadia.
Question 1 of 4
How useful is knowing the business impact of your project compared to that of your teammates’ other work?
Please rate from Not useful to Highly useful using the buttons below.
Rating 1 of 4, Not usefulRating 2 of 4Rating 3 of 4Rating 4 of 4, Highly useful
Not useful
Highly useful
It should be emphasized that it is critical to understand how your project will affect business compared to the other work of your coworkers.
It should be highlighted that before responding to Nadia, the chores must be prioritized, and a clear plan must be created. It should be highlighted that doing this would help the team members use their time productively and efficiently. A financial impact analysis is a study of the likely effects of an interruption to critical business operations as a result of a tragedy, accident, or emergency. It should be mentioned that planning includes dividing up the tasks and responsibilities among the participants in order to deliver the prototype on schedule. As a result, it should be mentioned that understanding the project's commercial impact in comparison with that of your teammates' other work is important.
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which of the following is/are required for the hungarian method? multiple select question. costs of every combination known every worker can perform every job no more than two specialized workers one-for-one matching more workers than jobs
Every employee is capable of performing every job at every known cost in a one-to-one matching scenario.
Explain about the Hungarian method?The Hungarian method, which solved following primal-dual techniques, is described as a combinatorial optimization strategy that solves assignment problems in polynomial time.
The Hungarian Method is based on the idea that, in both cases, if a constant is added to each element of a row and/or column of a cost matrix, the optimum solution of the resulting assignment issue is the same as the original problem.
The procedure sends some of the jobs to fake machines that actually ignore the execution of those jobs when the Hungarian approach is used to solve an imbalanced assignment problem when there are more jobs than machines.
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Which of the following concepts is of LEAST critical importance to an organization's marketing program?
a. relationship marketing
b. organizational structure
c. customer value
d. customer relationships\
(b) Organizational structure is of the least critical importance to an organization's marketing program.
Organizational structure refers to the way that a company is organized in terms of its hierarchy, departments, and lines of authority. While it is important for a company to have a well-defined organizational structure in order to effectively manage its operations, it is not directly related to the marketing program. On the other hand, relationship marketing, customer value, and customer relationships are all critical concepts for an organization's marketing program. Relationship marketing focuses on building long-term relationships with customers, rather than just focusing on one-time transactions. Customer value is the benefit that a customer receives from a product or service in relation to its cost. Organizations should strive to provide high value to their customers in order to be successful. Customer relationships refer to the interactions that an organization has with its customers. Building strong customer relationships is key to ensuring customer satisfaction and loyalty.
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cash flows from financing activities identifies cash receipts and cash payments related to which of the following types of accounts? (check all that apply.)
Cash flows from financing activities identifies cash receipts and cash payments related to Common stock bond payable.
What are the cash flows from financing activities?Cash-related net income activities are included in operating activities. For instance, because revenues and expenses are included in net income, operating activities include cash gained from the sale of goods (revenue) and cash spent on goods (expense). Financial transactions.
A part of a company's cash flow statement called cash flow from financing activities (CFF) displays the net cash flows used to fund the business. Transactions involving debt, stock, and dividends are considered financing activities.
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Jackson rented a midsize car for a 3 day business trip. his business meeting was 15 miles from his hotel. gas cost him $1.25 each day. if a taxi cost $1.20 for the first 1/6 mile and $0.20 for each 1/6 mile after that, how much more or less would a taxi cost him?
According to the question of business, $7.75 would a taxi cost him.
What is business?
Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services). It is an economic system in which goods and services are exchanged for money. It involves activities such as production, distribution, exchange, and consumption of goods and services. It involves all aspects of a business, including its products and services, marketing, finance, human resources, and operations. Businesses vary in size, from one-person operations to multi-national corporations. Businesses are formed to seek profit, although not-for-profit businesses may also be established.
A taxi would cost more than renting a car for this business trip. This is because it would cost him $1.20 for the first 1/6 mile plus $0.20 for each 1/6 mile after that.
For a 15 mile trip, this would come to a total of $18.00.
This is $7.75 more than the cost of renting a car for 3 days plus the cost of gas ($1.25 per day).
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broker alex decided to end her listing agreement with seller bonnie because bonnie has been very slow to respond to requests to show the property and has made no effort to leave the place in good condition when she did allow a showing.
A. Correct
B. Incorrect
Correct, Broker Alex made the decision to terminate her listing agreement with seller Bonnie because Bonnie has been extremely sluggish to react to requests to see the property and has made little attempt to leave the home in good condition when she has allowed a showing.
What exactly is a "listing agreement"?Because the broker is compensated to act as the seller's agent but no real estate is exchanged, the listing agreement is more comparable to an employment contract than a lease-purchase arrangement. Only a real estate agent may act as an agent to list, sell, or rent another person's property in accordance with real estate license rules.
Which of the ensuing listings provides the broker with the most advantages?A broker will be paid a commission regardless of who purchases the property if they are given the exclusive right to market the listing.
It is the greatest listing from the broker's point of view because the broker is still eligible for a commission even if the owner sells the property within the confines of the contract.
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on march 1st, alejandro consulting paid $2,500 cash for a 5-month insurance policy that begins that day. given the choices below, determine the general journal entry that alejandro consulting will make to record the cash payment.
As a general rule, Alejandro Consulting will debit prepaid insurance by $2500 and credit cash by $2500 to reflect the cash payment.
What is referred to as "prepaid insurance"?Prepaid insurance is a term used to describe payments made up front to insurers for insurance coverage. Prepaid insurance is reported as current assets on insurance companies' balance sheets because it isn't utilised. When the insurance begins to pay out, it switches from being an asset to being an expense.
A journal entry is made to credit the prepaid insurance account and debit the insurance expense account whenever an asset is credited to an expense. As a result, the only amount charged to expenditure for a given period is the amount ratably assigned to that period as an expense.
How should financial transactions be recorded?Any cash payments must to be noted in your normal cash receipts log as a debit. Then, take the credit purchase out of the customer's accounts receivable account. The complete credit item needs to be recorded in your sales journal.
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The social action designed to bring attention to the rights of purchasers is known as _____.
The answer is Consumerism or Consumer advocacy.
The social action designed to bring attention to the rights of purchasers is known as Consumerism or consumer advocacy.
Consumer advocacy is an organized effort to help protect the rights of consumers and ensure that they are treated fairly in the marketplace. This can include campaigns to raise awareness about consumer rights, lobbying for changes in laws or regulations that affect consumers, and providing legal assistance to individuals or groups who feel they have been wronged in the marketplace.
Consumer advocacy can also involve providing education about consumer rights and responsibilities and helping consumers make informed decisions about their purchases.
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Of the following problems, which was the biggest one that farmers faced in the late 1800s?
Choose matching definition
1. tenant farming
2. federal reserve act
3. improving farm conditions
4. crop lien system
Crop lien system was the biggest one that farmers faced in the late 1800s. So option 4 is the correct option.
What issue confronted farmers in the 1800s?In the final part of the nineteenth century, numerous American farmers encountered major difficulties. They had to cope with financial difficulties brought on by sharply falling farm prices, unreasonably high import taxes, and overseas competition.
What effects did sharecropping and the crop-lien system have on Southern agriculture?Sharecroppers and tenant farmers were forced to raise cash crops like cotton and tobacco due to the burden of the crop-lien system. Other crops simply didn't produce enough to even come close to paying off their loan. But because so few cash crops are grown, the market becomes oversaturated.
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which of the following would not count as part of us gdp in 2021? group of answer choices william purchases 100 shares of amazon stock. boeing (a company based in chicago) sells 10 airplanes to norway paul paid rent of $12,000 for his apartment in maryland, in 2021 luigi, a foreign investor in new york, produces furniture worth $ 200,000 in g
A situation wherein William purchases 100 shares of Amazon stock is the one that would not count as a part of the United States' GDP in 2021. Therefore, the option A holds true.
The GDP of every nation can be typically used to determine the value of the finished goods and/or services that have been produced in a country during a given particular time, usually a year. Purchasing securities of Amazon stock does not lead to an increase in the GDP of the United States, because, the shares can be openly traded on the market and are not produced freshly.
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