Answer:
to help determine the likelihood of an action or a policy providing a desired outcome.
Economics models are mathematical frameworks used to describe the links between economic variables, such as supply and demand, costs and revenues, and investment and return. Models are typically used to analyze potential pricing and production decisions of firms, to understand the factors driving growth in an economy and to analyze the impacts of different economic policies.
why is it important that a manager continuously monitor ongoing activities tied to a tactical plan? a. to describe exactly how activities should be carried out b. to ensure contingency plans are ready to be activated c. to ensure they support standing plans d. to ensure they achieve desired results e. to identify ways to expand the portfolio
A manager continuously monitor ongoing activities tied to a tactical plan To ensure they achieve desired results.
How do you get the results you want?Education.
Value Recognition.
previously made changes.
Both benefits and drawbacks.
Goals.
Weekly schedule for you.
choosing a suitable activity for you.
Planning.
What result are you hoping to achieve with this goal?A goal is made more specific by stating the desired result. You must specify the precise change(s) you anticipate will take place as a direct result of your program in order to generate a relevant set of intended outcomes (also known as objectives or outcome statements). This will help you achieve your goals.
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a fixed asset with a cost of $15,000 and accumulated depreciation of $12,500 is sold for $1,750. what is the amount of gain or loss on disposal of the fixed asset?
Loss = Cp - Sp (Cp > Sp) = $15k - $1750 ($15,000 > $1,750.) equals a loss of $700 on the sale of the fixed asset.
Harm, adversity, or deprivation resulting from failure to obtain, maintain, or get: to bear the loss of a robbery. something misplaced: The theft's biggest loss was the painting. a sum or number misplaced: Every day, more lives were being lost. Grief is a normal component of the healing process, and loss is an inherent aspect of life. There are various causes of grief, including losing a loved one, suffering a health setback, or having to let go of a long-held desire. One of the most challenging moments in a person's life can be when they are dealing with a severe loss. Always a verb, lose. Loss is a noun, always. Both terms can be used to refer to both tangible and intangible things in various contexts.
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What factors go into making a decision about how to produce the goods?
Available resources help determine how to produce goods. Japan's population is comparatively older than other nations, hence robots are used in production more frequently than humans.
In economics, goods are objects that give utility to consumers, such as when they purchase a fulfilling product, and meet human wants[1]. The terms "transferable commodities" and "transferable services" are frequently used interchangeably.
A good is said to be "economic" if it is helpful to people but is also difficult to come by given the demand for it.
In contrast, free goods—like air—are always available and don't require any deliberate effort to obtain. Private goods are items that people own and use regularly, such as televisions, couches, wallets, cell phones, and nearly anything else that isn't a food item.
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on january 1, drake and potter create a partnership by investing $10,000 each and agreeing to share income and losses equally. during the year, drake withdraws $3,000 and potter withdraws $5,000. net income is $30,000. how much is drake's ending capital balance?
Drake and Potter invest $10,000 each on January 1 and make a joint agreement to split profits and losses equally. Drake takes out $3,000 and Potter takes out $5,000 during the year. $30k in net income. Drake has an ending capital balance of $22,000.
What is meant by "net income"?Your net income is the amount you keep from your paycheck after taxes and other withholdings have been taken out. The amount of money left over after all essential expenses is referred to as net income in the context of business.
What is the distribution of profits and losses in a partnership?In general partnerships, limited liability partnerships, limited liability limited partnerships, and limited partnerships, profits and losses are allocated among the partners in accordance with the conditions of the partnership agreement. Unless otherwise stated, profits and losses, if any, will be split equally among the partners.
Net Income= 30,000
Profits distributed to partners= $30,000/2= $15,000 each.
Drake's final capital position= $10,000+$15,000=$25,000-$3,000=$22,000.
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A protectionist strategy in which a company sells its exports to another country at a lower price than it sells the same product in its domestic market is referred to as __________.
A protectionist strategy in which a company sells its exports to another country at a lower price than it sells the same product in its domestic market is referred to as dumping.
Dumping refers to the practice of exporting a product at a price that is lower than the price at which the same product is sold in the domestic market or to other countries.
This strategy is often used by companies to gain market share in foreign markets by undercutting the prices of their competitors. However, it can also lead to negative consequences such as hurting domestic industries and causing trade tensions between countries.
Additionally, it is considered to be a form of Unfair trade practice that could be subject to penalties and trade barriers imposed by the importing country.
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You have won the Washington State Mega Millions Lottery, with an advertised prize value of $44 Million. When you go to claim your winnings, you find that you can accept an immediate cash payment of $34.5 Million, or you can choose instead an annuity which pays you a total of $44 Million in 25 equal annual payments.
(a) $4,000,000 (b) $45,342,380.97 (c) 2,977,256.60 . Consequently, the first payment received as a progressive annuity is $2,977,256.60. You discover that you may receive an instant cash payout when you go to claim your prize.
What is a sample of a cash payment?For instance, a customer may enter a store and buy an apple using a debit card. The debit card eliminates the payment in the same way as cash would.
Why would I pay cash?It protects your independence and freedom.
People can only hold banknotes and coins on their person without the assistance of a third party. Cash payments don't require equipment, the internet, or energy, so they may be made even when the power is off..
sum of the payments = x * (1-1.0320)/(1-1.03) = 26.8703745*x
Since sum of series of payments is $80,000,000
Therefore, 26.8703745*x = 80,000,000
x = 80,000,000/26.8703745
x = 2,977,256.60
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a(n) is a company that has a proven business model and is willing to sell the rights to use the business model to others so that they can sell the same product or service within a given territory. select one: a. intrapreneur b. franchisee c. limited partner d. franchisor
In other words, a franchisor is a company that has a proven business model and is willing to sell others the rights to sell the same product or service in a particular territory using that business model.
What is a franchisor?A franchisor is a company that has a proven business model and is willing to sell the rights to use that business model to others, called franchisees. The franchisor provides the franchisee with a package of goods and services that includes training, marketing and ongoing support. The franchisee agrees to pay the franchisor an initial fee and ongoing royalties and to operate the business in accordance with the franchisor's policies and standards. A franchisee operates a business in a particular geographic area and sells the same products or services as the franchisor.
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an agent's license remains in effect: a for 30 days b for 2 years unless terminated earlier c until canceled by the agent or revoked by the administrator d for a period of time that may vary from state to state
An agent's license remains in effect for a period of time that may vary from State to State.
Which of the following would fall within the Uniform Securities Act's definition of an agent?
Except where the context clearly dictates otherwise, as used in Sections 36B-2 to 36B-34, Inc.: (1) "Agent" refers to anybody who, other than a broker-dealer, acts as a broker-dealer or issuer's representative while carrying out or attempting to carry out purchases or sells of securities.
What information must be entered on a completed order ticket?
The execution price, final disposition time, name of the contra-broker (if any), and location of the security must all be recorded on the ticket following the execution of an order or in the event that it is canceled.
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A written record of the assets, liabilities, and owner's equity of a business is called a(n) __________
A written record of the assets, liabilities, and owner's equity of a business is called a balance sheet.
A company's balance sheet, or statement of financial position, gives a quick overview of the assets and liabilities of the business as well as the amount of shareholder investment. In order to do fundamental analysis or determine financial ratios, balance sheets can be employed alongside other significant financial accounts.
A summary of a company's financial situation at a specific point in time is provided by the balance sheet. It cannot, by itself, convey an understanding of the trends developing over a longer time frame. This calls for a comparison of the balance sheet to those from earlier eras.
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Of the components of GDP (consumption, investment, government expenditures) which one is the most volatile
The Gross Private Domestic Investment (GPDI), which measures investment, is one of the most variable components of GDP. The fluctuations in GPDI from year to year are much larger in percentage terms compared to changes in consumption or government purchases.
How do investments work?An investment refers to a purchase made with the aim of generating income or increasing in value over time. Appreciation is the term used to describe the increase in value of an asset over time. The purpose of investing is to build wealth in the future rather than for immediate consumption.
An investment is an expenditure of some form of resource such as time, money, effort, or asset with the expectation of a return that exceeds the initial expenditure in the future. For instance, an investor might purchase a financial asset now with the expectation that it will eventually produce income or can be sold at a higher price for a profit in the future.
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you are considering investing $1,000 at an interest rate of 6.5% compounded annually for five years or investing the $1,000 at 6.8% per year simple interest for five years. which option is better?
Interest that is compounded: F = $1,000(1+0.065)5 = $1,370.09. F = $1,000(1+0.068(5)) = $1,340 in simple interest. The alternative with compound interest is preferable.
Compound interest is when you receive interest on both your interest income and your savings. The interest on a deposit that is computed using both the original principle and the accrued interest from prior periods is known as compound interest. In other words, compound interest is interest that is earned on interest. The interest earned on savings that is computed using both the original principle and the interest accrued over time is known as compound interest. It is said that Italy in the 17th century is where the concept of "interest on interest" or compound interest first appeared. It will accelerate the growth of a total more quickly than simple interest, which is solely computed on the principal sum.
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a. quagmire company recognizes revenue when the goods are delivered to a customer, even though cash will not be collected from the customer for 30 days. historical cost principle b. inventory, which was recently damaged by a flood, is reported at the lower of its cost or market value. expense recognition principle c. moseley inc. recorded land at its purchase price of $50,000. in future periods when the value of the land has increased, the land is still reflected in the financial statements at $50,000. revenue recognition principle d. the cost paid for a delivery truck is recorded as an asset and expensed over the next 5 years as it is used to help generate revenue. e. a company accepts $200 in december for services to be performed in january. the company recognizes revenue when the services are performed in january. e. mack company purchases supplies in march. however, it does not expense the supplies until they are used in april.
The following are the suitable principles for the given statements:
Revenue recognitionConservationismMatching Historical cost principle Historical cost principleExpense RecognitionGive a brief account on revenue recognition.The revenue recognition principle is another fundamental aspect of accrual accounting in addition to the matching idea. They both determine the accounting period in which revenues and expenses are recorded. The guiding concept states that regardless of when money is received, revenues are recorded as earned as soon as they are realised or realisable. In contrast, revenues are recorded in cash accounting regardless of when items or services are sold. Cash can be received before or after obligations are satisfied (when products or services are supplied), and related revenues are recognised, resulting in the two types of accounts listed below:
Revenue recognised in advance of receiving cash is known as accrued revenue.Revenue that has been deferred: Revenue is recorded when money is received.The solution to the question :
a. Quagmire company recognizes revenue when the goods are delivered to a customer, even though cash will not be collected from the customer for 30 days.- Revenue recognition
b. Inventory, which was recently damaged by a flood, is reported at the lower of its cost or market value.- Conservationism
c. Moseley inc. recorded land at its purchase price of $50,000. In future periods when the value of the land has increased, the land is still reflected in the financial statements at $50,000.- Historical cost principle
d. The cost paid for a delivery truck is recorded as an asset and expensed over the next 5 years as it is used to help generate revenue. Matching
e. A company accepts $200 in december for services to be performed in January. the company recognizes revenue when the services are performed in January. - Historical cost principle
f. Mack company purchases supplies in March. However, it does not expense the supplies until they are used in April. - Expense Recognition
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health clubs typically experience an increase in one-year memberships in january, but many new customers cancel their memberships before the end of the year. which of the following is the best explanation for this behavior? a. some health club members suffer minor injuries that prevent them from working out. b. some people are overly optimistic about their future behavior. c. some people fail to treat their membership fees as sunk costs. d. some members receive utility from activities they believe are popular.
The best justification for this behaviour is that some people have exaggerated expectations for their future behaviour.so option c is correct.
Which behaviour or attitude is appropriate?In American English, "behaviour" is usually spelled that way. All other places favour behaviour. There is no distinction between the two words other than in spelling. The spelling distinction includes all derivatives, including behaviors-behaviors, behavioral-behavioural, and behaviorally-behaviourally. The variety of actions and gaffaws that people, animals, systems, or artificial entities exhibit in a given environment is referred to as behaviour or behaviour. The inanimate physical environment as well as other systems or species can be a part of these systems.
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In which of the following situations would an extroverted professional likely perform more strongly than an introverted counterpart
Extroverted professional likely perform more strongly than an introverted counterpart in -
1. Networking events
2. Sales and customer services
3. Public Speaking
An extroverted professional may perform more strongly than an introverted counterpart in situations where strong social skills and the ability to effectively communicate with others are important. Examples of such situations might include:
Networking events and business meetings: Extroverts tend to be more outgoing and sociable, which can help them make connections and build relationships with potential clients or colleagues.Sales and customer service roles: Extroverts may be better at engaging with customers, building rapport, and closing deals.Public speaking and presentations: Extroverts may be more comfortable speaking in front of large groups and have an easier time engaging with an audience.Teamwork and collaboration: Extroverts may be more comfortable working in a team setting and be better at facilitating communication and cooperation among team members.Please note that this is a generalization and it is not true that extroverts always perform better than introverts in these situations. It depends on the individual's personality, skills and experience.
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Which of the following measures how far the actual outcomes of a probability distribution deviate from the arithmetic mean? - Skewness - Correlation coeflicient - Coefficient of determination - Poisson distribution
In probability theory and statistics, the Poisson distribution is a discrete probability distribution that is used to express the likelihood that a given number of events will occur within a given time or space interval if they occur at a known constant mean rate and regardless of the time since the last event.
The Poisson distribution can be used to describe the distribution of unexpected events in a large population. For instance, there is a chance that each given cell within a large population of cells will undergo a mutation. Mutation acquisition is an uncommon event.
Poisson distributions are utilised when an interesting variable is a discrete count variable. The frequency of unemployment in a given year, for example, is presented as a count variable, making it possible to investigate it using a Poisson distribution.
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When creating a personal balance sheet, which of the following is a current liability?a. Checking accountb. Net worthc. Auto loan that wouldn't be paid off for four more yearsd. Money your sister owes you in two yearse. credit card account
A current liability is a debt that is expected to be paid off within one year.
The current liability in this list would be e. credit card account. A credit card account is a liability that the individual is obligated to pay within a short period of time.
The other options are not considered current liabilities:
a. Checking account, while it is a liability in the sense that it is money that the individual owes to the bank, it is not considered a current liability since the individual can withdraw or transfer the money at any time.
b. Net worth is the total value of assets minus liabilities, it is not considered a liability.
c. Auto loan that wouldn't be paid off for four more years is not considered a current liability since it would be paid off after more than a year.
d. Money your sister owes you in two years is not considered a current liability since it would be paid off after more than a year.
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Which of the following claims would be covered under the Personal and advertising injury portion of a Commercial General Liability policy?a. The insured makes slanderous statements about a competitor which results in damage to the competitor's reputations.b. The insured's detective product disfigures a consumer.c. The insured's security officer injuries a suspected shoplifter.d. A customer is injured on the insured's premises.
The correct answer is b). The insured's detective product disfigures a consumer. The Personal and Advertising Injury part of a Commercial General Liability policy would provide coverage for the following claims.
Everything below is covered under advertising injury coverage with the exception of: incorrect entry Slander, libel, copyright violations, or the theft of advertising concepts all result in damage to the advertising industry. Personal injury examples include wrongful entry.
Product failure, product flaw, and human damage claims are all covered under product liability insurance. A crucial aspect of conducting business is having product liability insurance. It shields you from legal actions brought about by flaws in products, failures of products, and injuries brought on by products.
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tasks performed by departments, agencies, commissions, and government corporations are represented by: explain how the bureaucracy interacts with the president and congress by:
Tasks performed by departments, agencies, commissions, and government corporations are represented by: Writing and enforcing regulations.
What is bureaucracy?Both an administrative policy-making body and a group of non-elected government officials are referred to as bureaucracies. In the past, a bureaucracy was a kind of government administration where departments were run by people who weren't elected.Bureaucracy is a phrase used to describe a sophisticated organisation with nested rules and procedures. Decision-making is slowed down by the systems and procedures that have been successfully implemented. They are made to keep the organisation under control and uniform. Governmental organisations, huge enterprises, and the military are typical examples of bureaucracy. Each of these businesses has a codified decision-making process, a written set of rules and regulations, and a hierarchical organizational structure.To learn more about bureaucracy refer to:
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john has an easement appurtenant that allows him to cross sally's land. sally is selling her property. when sally's property sells, john will:
Hopefully, there won't be a problem because easements are part of the land, and you'll be able to negotiate with the new owner without having to go to court to defend your easement and your right to use Sally's land.
A right of non-possession to access and/or utilize another person's real property without actually owning it is known as an easement. The right of way that one landowner, A, may have over the land of another, B, is "best represented in this situation." In the majority of jurisdictions, an easement is a sort of incorporeal property and a property right in its own right. Real covenants and equitable servitudes are similar to easements in many ways. To integrate these ideas as servitudes, The Restatement (Third) of Property in the United States takes action. Easements are useful for granting access between two or more parcels of land, enabling people to access other properties or a resource, for instance to go fishing in a privately held pond or to have access to a public beach.
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What, by consensus among economists, are the broad factors for economic growth?
The technology that enables effective manufacturing of goods and services comes first. The resources come in two categories: land, labor, entrepreneurship, and capital. For instance, nations with sufficient wealth may always finance numerous projects boosting economic growth.
The social science of economics deals with the creation, exchange, and consumption of products and services. Economics is the study of how economies work as well as the behavior and interactions of economic actors. The study of microeconomics focuses on what are thought to be the fundamental components of the economy, such as the interactions that result from market and agent activity. Individual agents can represent a variety of clients, including homes, companies, buyers, and sellers. The study of the economy as a coexisting system of production, consumption, saving, and investment is known as macroeconomics. Additionally, it looks at the elements that have an impact on this system, including the use of labor, capital, and natural resources, currency inflation, economic expansion, and public policies.
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6. describe a situation in which you worked diligently on a project and it did not produce the desired results. why didn't you get the desired results? what did you learn from the experience?
Outline the goals that were met and explain how your team determined that the project was obtained. Include details regarding the project's lessons learned, including both the achievements and shortcomings. Malach declares, "If the project did not come out well, then it is OK to share that."
Is it gained or obtained?
The terms "attain" and "achieve" are commonly overused. The verb "attain" means to "reach, gain, or accomplish" by putting forth a lot of effort. After months of studying, I finally received a passing grade on my final exam. Anything can be "get" or "acquired" by using the verb "get." The degree of education acquired at the time of the survey is referred to as educational attainment, and it is stated here as having at least finished high school.
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explain one way in which interregional trade systems stayed the same after the inclusion of the americas in the global economy.
After America was integrated into the global economy, interregional trade mechanisms remained unchanged through the slave trade.
Transport of enslaved Africans by slave dealers, mostly to the Americas, was known as the Atlantic slave trade or Euro-American slave trade. The triangular trade route's Middle Passage was commonly utilized in the slave trade between the 16th and 19th centuries. The vast majority of those who were transported in the transatlantic slave trade were people from Central and West Africa who had been sold by other West Africans to Western European slave traders, while others had been directly captured by the slave traders in coastal raids. Europeans gathered and imprisoned the enslaved at forts on the African coast, then brought them to the Americas.
European slave dealers, with the exception of the Portuguese, did not typically take part in the raids since, during the slave trade era, the average lifespan for Europeans in sub-Saharan Africa was less than one year.
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Match the situations to the relevant accounting errors. error of reversal of entries error of omission calculation error error of principle Ben was adding up the total sales for the day. He committed an error in addition. Cynthia received $500 cash from her debtor. She debited the amount in the cash account instead of crediting it. Darryl overlooked an amount of $250, which he paid as transport expenses. Erica bought a secondhand van for her business. She entered this as a transport expense instead of recording it as an asset for the business.
Match the situations to the relevant accounting errors
Ben was adding up the total sales for the day. He committed an error in addition. - calculation errorCynthia received $500 cash from her debtor. She debited the amount in the cash account instead of crediting it. - error of principle Darryl overlooked an amount of $250, which he paid as transport expenses- an error of omissionErica bought a secondhand van for her business. She entered this as a transport expense instead of recording it as an asset for the business. - error of reversal of entriesWhat are accounting errors?
Accounting errors are referred to as mistakes that took place while recording the transaction in the accounting books due to which gaps is occurred in the total income and expenses.
An error of omission occurs when the recording of any transaction is omitted or ignored. The error of Principle occurs when any rule of accounting is violated.
The error of reversal of entries occurs when the wrong entries are recorded like debit is credit and credit is debited. The calculation error occurred when any mistakes took place in calculating the amount.
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Licensees can generally rely on the statements of the seller (such as in a Seller Disclosure Statement) unless the licensee has reason to believe the information is not true.
a. True
b. False
The given statement ''Licensees can generally rely on the statements of the seller (such as in a Seller Disclosure Statement) unless the licensee has reason to believe the information is not true'' is true.
What is a seller's statement in a property disclosure document means?A Seller's Disclosure is a legal document that obliges sellers to disclose information regarding the state of the property that potential buyers could find unpleasant. This document, usually referred to as a property disclosure, is crucial for both those purchasing and selling a home.The vendor should take the Property disclosure statement (PDS) seriously while filling it out since they might be held accountable if a fault was willfully concealed. The PDS is an important document. The buyer should likewise take the PDS seriously, especially if financing is being utilised for the transaction.In order for the buyer to make an educated decision regarding the acquisition, the major goal of these disclosure statements is to tell the buyer of issues the seller is aware of.Learn more about Property disclosure statement refer to :
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How are a bear market and a bull market different?
A bull market is distinguished by a steady rise in prices. The bear market is a good example of a bear market.
A bull market is one in which the market is rising and the economic conditions are generally positive. A bear market develops when the economy is contracting and most stocks are losing value.
Because investor attitudes strongly influence financial markets, these phrases also imply how investors feel about the market and the resulting economic developments.
A bull market is distinguished by a steady rise in prices. A bull market in equities markets signifies an increase in the prices of company shares. In such cases, investors frequently believe that the uptrend will continue in the long run. The country's economy is normally strong in this situation, and job levels are high.
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wealth-creating transactions are more likely to occur a. with private property rights. b. with strong contract enforcement. c. with black markets. d. all of the above.
Option (d), Black markets, strict contract enforcement, and private property rights all increase the likelihood of wealth-generating transactions.
What advantages do money creation techniques provide?You receive funding from it to reach your long-term goals. Even if you are not working or earning money right now, it still offers a steady source of income. This could be a great way to provide financial flexibility and help your family as they carry on leading comfortable, prosperous, and secure lives.
Why is there a black market? What is it comprised of?The purchase and sale of goods and services on the underground market is forbidden, limited, and unlawful. Black markets can develop when the government tries to control prices or imposes an excessively high tax burden on transactions.
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Problem 3-1A Identifying adjusting entries with explanations LO P1, P2, P3, P4 For journal entries 1 through 12, select the letter of the explanation that most closely describes it in the space beside each entry. You can use letters more than once. A. To record receipt of unearned revenue. B. To record this period's earning of prior unearned revenue. C. To record payment of an accrued expense. D. To record receipt of an accrued revenue. E. To record an accrued expense. F. To record an accrued revenue. G. To record this period's use of a prepaid expense. H. To record payment of a prepaid expense. I. To record this period's depreciation expense.
Problem 3-1 A adjusting entries are discussed below , the letters are used beside each entry to describe the journal entries .
What is prepaid insurance?The term "prepaid insurance" describes insurance premiums that are paid up front. A premium is a periodic payment paid on a regular basis to a provider in exchange for receiving insurance benefits. Premiums are typically paid each month. Since insurance is usually paid for in advance, it makes a great example of a prepaid expense. A corporation would record a liquid assets of $12,000 at the time of the payment to reflect the prepaid amount if it paid $12,000 for an insurance plan that covered the following 12 months. Insurance that has been prepaid is insurance. In addition to other assets like cash, accounts receivable, inventories, and so on, it is included under assets on the balance sheet.
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Issue 3-1 Below, adjusting entries are discussed; the journal entries are described using the letters next to each entry.
How does prepaid insurance work?Prepaid insurance premiums are those that are paid in full in ahead. A recurring payment made on a regular basis to a provider in exchange for insurance benefits is known as a premium. Usually, premiums are paid each month. Insurance is a wonderful example of a prepaid cost because it is often paid for in advance. If a firm paid $12,000 for an insurance plan that covered the upcoming 12 months, it would record a liquid asset of $12,000 at the time of the payment to represent the prepaid amount. Prepaid insurance is considered to be insurance. It is shown under assets on the balance sheet together with other assets like cash, accounts receivable, inventory, and so on.
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in which balance sheet column is net loss recorded on the work sheet?
Net loss is recorded on the work sheet in the Liabilities & Equity column as an adjustment to the retained earnings balance. This happens when a business has more expenses than revenues, resulting in a negative net income.
The balance sheet is one of the most important financial statements. It is used to measure the financial health of a company by providing a summary of its assets, liabilities, and equity. The balance sheet is divided into two main parts: the assets section and the liabilities & equity section. The bottom line of the assets and liabilities & equity section is the Net Worth, which is the difference between the assets and liabilities.
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gourmet shop purchased machinery on jan 1 2020 for 12,000 if this asset has an estimated useful life of four years and a salvage value of 2000 what is the book value of the machinery on dec 31 2021
The book value of the machinery on December 31, 2021 would be 6,000. This is calculated by taking the original cost of the machinery (12,000) and subtracting the amount of depreciation for two years (2,000 x 2 = 4,000) as well as the salvage value (2,000).
What is the difference between book value and market value?Book value and market value are two different ways of valuing an asset. The book value of an asset is the original cost of the asset minus any accumulated depreciation and amortization. Market value is the value of the asset based on its current market conditions and the demand for it. It is often higher than the book value because it takes into account the current market conditions.
What is the formula for calculating depreciation?The formula for calculating depreciation is: Depreciation = (Cost of Asset – Salvage Value) / Estimated Useful Life. This formula is used to calculate the amount of depreciation that can be claimed each year on an asset. It takes into account the original cost of the asset, the estimated useful life of the asset, and the salvage value at the end of the asset's life.
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what is the free cash flow for 2020? enter your answer in millions. for example, an answer of $1 million should be entered as 1, not 1,000,000. cash outflow, if any, should be indicated by a minus sign. round your answer to the nearest whole number.
Cash flow from operations for the year was $1.064 billion, up 27.27% from 2019. The movement of money into a project is called cash flow.
What does cash flow mean?This same net balance of money coming into and going into a business at a particular period is referred to as cash flow. A firm constantly receives and expends cash. For instance, that whenever a retailer buys merchandise, money leaves the company and goes to its wholesalers.
What makes cash flow crucial?Cash flow is crucial because it makes it possible for you to both fulfill your current financial responsibilities and make plans for the future. Cash flow, however, is a problem that many small firms face. Low profits or, even worse, losses are the main reasons of cash flow issues. overspending on capacity
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