Allowance for Doubtful Accounts Debit $336, Accounts Receivable Credit $336
The adjusting entry for allowance for doubtful accountsAt the end of the December 31, an adjusting entry must be journalized for the Allowance for Doubtful Accounts. The adjusting entry for the Allowance for Doubtful Accounts is a contra asset account, which means that when it has a credit balance, it is necessary to reduce the balance with a debit entry. The debit entry should be equal to the difference between the balance of the accounts receivable and the balance of the Allowance for Doubtful Accounts. The entry to journalize the adjusting entry for the Allowance for Doubtful Accounts is:Debit: Allowance for Doubtful Accounts $2,800Credit: Accounts Receivable $2,800The adjusting entry is necessary because the Allowance for Doubtful Accounts is expected to be 12% of the Accounts Receivable balance. Therefore, the Accounts Receivable balance must be reduced by 12% to account for the expected uncollectible amount. The debit entry in the adjusting entry will reduce the Allowance for Doubtful Accounts to zero, and the credit entry will reduce the Accounts Receivable balance to reflect the expected uncollectible amount.To learn more about The adjusting entry for allowance for doubtful accounts refer to:
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according to the u.s. federal research misconduct policy, falsification involves: taking credit for the ideas or statements of others. manipulating research materials, equipment, or processes, or changing or omitting data. failing to report a conflict of interest. knowingly reporting unsubstantiated allegations of research misconduct to the federal government. question 4 which of the following is true regarding research misconduct? the u.s. government is required to reveal publicly the identity of any person who commits misconduct. a central federal agency handles all cases of research misconduct. federal funding agencies typically rely on an institution to make the initial response to an allegation of research misconduct. funding agencies normally perform their own misconduct inquiry before the institution becomes involved.
Federal funding agencies typically rely on an institution to make the initial response to an allegation of research misconduct.
Public financing is money obtained from the government, usually via taxes, and utilized to benefit the general public through products and services. The money are collected and disbursed at several levels, including the federal, state, and municipal governments. While taxes are the most common source of revenue, penalties and fees can also be used. Health initiatives, community services, restoration projects, public service programs, and even environmental activities are aided by public money. These programs assist the people in the community where the money are spent. As a result, Chase discovers that when citizens pay taxes, the government utilizes that money to support and develop communities through programs and services.
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first company enters a new lease and wishes to classify the lease as an operating lease. Which of the following provisions would prevent this classification?- The lessee can purchase the asset at the end of the lease for $1
For instance, the leased asset may be used by someone else after the lease expires because there is no ownership transfer. In other words, an operating lease exists when none of the five criteria used to categorize a lease are true.
What factors determine whether a lease is classified as operating or finance?If ownership of the underlying asset moves to the lessee before the lease period is up, the lease is categorized as a finance lease by the lessee and as a sales-type lease by the lessor. If the lessee is forced to pay a small charge for the formal transfer of ownership, this criteria is also satisfied.
Before accounting for a lease in accordance with IFRS 16, who is responsible for first classifying the type of lease?Lessors must classify the lease before beginning the accounting process, unlike lessees. IFRS 16 defines two different kinds of leases: A finance lease is a lease that essentially transfers all of the risks and rewards associated with owning the underlying asset.
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Suppose that a binding price floor is in place in a particular market. If the marke deregulated and the price floor is removed, then which of the following effects cc occur? A) The quantity demanded would decrease and the quantity supplied would incr B) An excess demand would develop. C) There would be a decrease in the quality of the good supplied. D) There would be an increase in the quality of the good sunlied
Option C : There would be a decrease in the quality of the good supplied. Suppose that a binding price floor is in place in a particular market. If the market deregulated and the price floor is removed, then the quality of the good supplied will be decrease .
A price floor is the lowest allowed price that can be paid in a market for goods and services, labour, or financial capital. The most widely known example of a price floor is likely the minimum wage, which would be based on the normative principle that someone who has a full-time job should be able to afford a basic standard of life.
A price floor is a set lower threshold for a commodity's market price. Governments generally establish a price floor to stop a commodity's market price from dropping too low and jeopardising the producers' ability to make a living.
The minimum wage is one of the most typical examples of a price floor.
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Lean practices Include those which are designed to ellminate waste while still satistying the customer. Examples of lean practices include all of the following: Check all that apply. continuous improvement service focus just-in-time manufacturing traditional manufacturing total quality management
Continuous improvement, service focus, just-in-time manufacturing, total quality management.
What is manufacturing ?
Manufacturing is the process of making products from raw materials, either by machines or by manual labor. It is a vital part of the production process, which involves the transformation of raw materials into finished goods for sale.
During manufacturing, components are put together to create a finished product, such as cars, furniture, clothing, or electronics. The process can involve multiple steps, such as the cutting and shaping of materials, the assembling of components, and the testing and inspection of the final product. Manufacturing is a major part of the global economy, generating jobs and providing an important source of revenue for many countries.
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For 2022, the annual earnings for Blue Star Racing Equipment were $3,600,000.
The corporation has 3,584,600 shares of common stock outstanding and pays an annual dividend of $0.81 per share. The closing price for a share of common
stock was $36 last night. Calculate the following. (Round all answers to two decimal places if necessary.)
1. Current yield:
2. Earnings per share:
3. Price-earnings (PE) ratio:
There are currently 1,315,400 shares of the company's common stock outstanding, and each share receives a $0.92 yearly dividend. the common share's closing price
What are stock vs. shares?A share is a type of financial instrument that symbolizes a company's partial ownership. A stock is a type of financial instrument that denotes a stake in one or more companies. Two separate shares of the same corporation may have the same value.
What Do Stocks Mean?A security that denotes ownership of a portion of the issuing company is referred to as a stock, sometimes known as equity.
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What are the three questions to answer when faced with a potentially unethical action such as deciding to download or upload a video that is copyright protected? How can we tell if our business decisions are ethical?
Answer:
1. Is this action legal?
2. Is this action fair to all stakeholders, including those affected by the action?
3. Does this action adhere to accepted moral and ethical principles?
To determine if business decisions are ethical, one should evaluate them against the company's ethical code and policies, relevant laws, and standards of professional conduct. Additionally, one can assess the potential consequences of the decision in the short and long term, as well as consider the potential impact on stakeholders such as employees, customers, and the community.
Explanation:
The Pennsylvania legislature enacts a state law that violates the U.S. Constitution. This law can be enforced by O no one. the federal government only. o the state of Pennsylvania only. o the United States Supreme Court only.
Fair treatment under the Fourteenth Amendment can be separated into two classifications: procedural fair treatment and considerable fair treatment.
The Equivalent Assurance Provision. The High Court's methodology during the period from the 1950s through the 1970s in concluding cases on established grounds is portrayed as legal activism.
Congress can designate authority explicitly and with point-by-point rules. All congress can't designate its established power and obligations.
Besides periodic public dissatisfaction, there is no punishment for disregarding the Constitution by and large or the Principal Alteration specifically.
Fair treatment is intended to guarantee reasonableness in the law enforcement framework. Without fair treatment, people could be confined and denied their opportunities and existence without worthwhile motivation. In the event that a criminal respondent is denied their social liberties, they can challenge the state on those grounds.
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suppose an individual is looking to build a house in a plain that is prone to flooding. because of the risk of damage due to flooding, the buyer's top dollar for building the house is only $300,000. suppose the cost of building a house in this area is $310,000. a wealth-creating transaction is not possible since the seller's bottom line (or the cost of building the house) isless than the buyer's top dollar. the difference between the cost of building the house minus the buyer's top dollar is $10,000.00 .
The seller can still benefit from the transaction by offering a discounted price for the land or house. For example, a seller could offer a $10,000 discount on the price of the house or a discounted price for the lot on which the house will be built.
This would allow the buyer to build a $300,000 home and the seller could make a profit on the land or home. In addition, the seller could offer other incentives to the buyer, such as a year of free home insurance or a reduced interest rate on a home loan. By offering these incentives, the seller could still benefit from the transaction even if the buyer's top dollar is less than the cost of building the home.
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Indonesian logging companies harvest rainforests for wood and assume that a market exists for their products. Which type of orientation does the Indonesian logging company have? a. exchange b. environmental c. production d. sales
Indonesian logging companies harvest rainforests for wood and assume that a market exists for their products. Exchange type of orientation does the Indonesian logging company have.
Option A is correct.
What kind of orientation does the logging company in Indonesia have?The Indonesian logging businesses are focused on production. The creation of wealth and the provision of a market for goods and services are the primary goals of this orientation. Production orientation indicates that the company is willing to take risks in order to remain competitive and is focused on producing the highest quality product for the market.This could mean expanding operations or finding new raw material sources to boost production. In order to guarantee that the business is able to produce the product of the highest possible quality, production orientation necessitates a significant amount of capital investment as well as research and development. The production of wood products for international sale is the primary focus of the Indonesian logging companies.The businesses make significant investments in research and development to guarantee that they are producing wood products of the highest possible quality in order to remain competitive. In addition, they place a strong emphasis on locating new sources of raw materials in order to guarantee that they will be able to satisfy the demand for their goods. The Indonesian logging companies are able to maintain their level of competitiveness on the global market and generate wealth for their business in this manner.Learn more about orientation:
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when choosing a target market, niche refers to . A) responses possible B) customers possible C) customers demographics D) demographics communication E) communication competition
A target market niche refers to a specific segment of customers within a larger market who have unique needs or characteristics.
It is a subset of a target market that is identifiable by specific demographics, interests, behaviors, or other characteristics.get the informed, written consent of all parties prior to becoming a dual agent.In this scenario, the broker is currently the single agent of the seller and the prospective buyer wants the broker to represent him too. In this situation, the broker should not proceed to represent the buyer without the informed, written consent of all parties involved. This is because in this case, the broker will be acting as a dual agent, representing both the seller and the buyer in a transaction. As a dual agent, the broker has a fiduciary duty to both parties and must disclose this in writing and get their informed, written consent before proceeding with the representation
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Sarah was frustrated with her supervisor, and was not motivated to do her job. She felt that her coworkers were treated better than she was, even though she worked long hours and met her performance goals. Which of the motivation theories below explains Sarah's lack of motivation?
Sarah was frustrated with her supervisor, and was not motivated to do her job. Equity theory explains Sarah's lack of motivation.
What is Equity theory?
According to the proposition of provocation known as equity, workers feeling of fairness plays a significant part in what motivates them to do their best at work. Workers keep track of the inputs and labors of their work in a internal tally, which they use to assess how their inputs and labors compare to those of others. The input, outgrowth, and comparison situations are the three main factors of equity proposition. The quantum of work a person invests into a relationship is appertained to as their input. The benefits that a person derives from a connection are appertained to as the outgrowth.
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Which Upon Expirations best fits the following description? Select this Upon Expiration when the specific rent and parameters of the next term are known. AE will entirely ignore the Market Leasing profile, and will insert a new speculative lease line into the Rent Roll.
A. Option
B. Renew
C. Vacate
D. Contract Renewal
When the specific rent and parameters of the next term are known as Option AE will entirely ignore the Market Leasing profile, and will insert a new speculative lease line into the Rent Roll.
Option A is correct.
Upon Expiration :"The coming to an end, termination" is the definition of "expiration." The term "expiration" also refers to the conclusion; However, the dictionaries go on to say that it is especially used to mean the end of a legal, contractual, or other agreement.
"Upon termination or expiration of this Lease, Tenant shall clean up, detoxify, repair, and otherwise restore the Premises to a condition free of Hazardous Materials, to the extent such condition is caused by Tenant or any assignee or subtenant of Tenant or their respective agents, contractors, employees, licensees, or invitees,"
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which of the Torrowing is the best example or a public good? a education b cell phone c street lighting d pizza
street lighting is the best example or a public good. This is due to the fact that one person's consumption does not prevent further consumption by other persons.
What do you mean by the public good?A public good in economics is a good or service that is provided to all people in a society. Governments typically oversee and collect taxes to pay for these services. Law enforcement, national defence, and the rule of law are some examples of public goods. A good that is both non-excludable and non-rivalrous is referred to as a public good in economics. Users cannot be denied access to or use of such goods due to their failure to make payment. Additionally, the use of one person does not restrict the access of others or lessen their availability.
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True or False, a state of being aware that a risk does exist and then disregarding that risk is recklessness. group of answer choices
True. A state of being aware that a risk does exist and then disregarding that risk is considered recklessness.
Recklessness is a state of mind in which an individual is aware of the risks involved in a particular action, but still chooses to take that action without regard for the potential consequences. In other words, it is a conscious disregard for a known risk. This is different from negligence, which is a failure to take reasonable care in a situation, without necessarily being aware of the risks involved.Recklessness is often considered to be more serious than negligence, and can result in greater penalties or legal liability.
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if elaine has 4 exemptions and makes $520 per week, what will her income tax withholding be according to the following table?
Suppose Elaine earns $520 per week and has four exemptions $2 would be withholding from income tax.
We want to look at the row where Column A = 500 and Column B = 600 since Elaine earns $520 per week. Due to the fact that 520 > 500 but 520 600. Given that she has four exemptions, proceed to the column under "4" in this 500–600 row and look for the number "2," which denotes a weekly deduction of $2. The U.S. government uses tax withholding to preserve its pay-as-you-go income tax structure. Instead than attempting to collect income tax after earnings are paid, this entails taxing people when their income is earned.
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If a customer who has granted a durable power of attorney to her son dies, which of the following statements regarding the power of attorney is TRUE?A) It is canceled on the death of either principal. B) It remains in effect until the executor of the estate cancels it.C) It remains in effect until the son cancels it. D) It remains in effect only if the son is the sole heir to the estate.
If a customer who has granted a durable power of attorney to her son dies, It is canceled on the death of either principal statements regarding the power of attorney is true .
Option A is correct.
For a member firm to exercise discretionary power on behalf of a client, what is necessary?The power of attorney also expires when the customer or her son passes away. A durable power of attorney, on the other hand, is useful when a parent has dementia because it will survive a declaration of mental incompetence.
It is against the law to take money out of the bank account of a person who has passed away. This also applies to a person with power of attorney who has been authorized to withdraw funds on behalf of the deceased while they were alive. The power of attorney ends when the person dies.
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A man riding a roller coaster is severely injured when the car he's riding in jumps off the track. He sues the amusement park for negligence.Assuming it is true, which of the following would represent a strong defense against the negligence claim?The man undid his seatbelt after the roller coaster started moving.The man has seen roller coasters before, and knowingly and voluntarily assumed the risk of participating in a dangerous activity.The amusement park has never had an accident like this before.The man snuck into the amusement park rather than paying for admission
First option is correct. After the roller coaster began to move, the man unbuckled his seatbelt and made a strong defense of his allegations of negligence.
Said Michael Longley, medical director of Florida Hospital Wesley Chappell. Roller coaster riders experience a dizzying series of visual images that have their heart rate racing, their guts thrown out, and their brains struggling to process.
The rush of adrenaline that jet his coaster brings causes his heart rate and blood pressure to rise rapidly. People with high blood pressure, heart disease, or an irregular heartbeat (atrial fibrillation) are already at risk of stroke. A roller coaster is a machine that uses gravity and inertia to drive a train down a winding track. A combination of gravity and inertia, and G-forces and centripetal acceleration give your body a constant feel as the roller coaster moves up and down the track.
As to why the roller coaster drop is felt especially in the stomach, it is believed that the stomach and intestines float more loosely in the body than most other organs.
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Which of the following are possible demand options for dealing with demand-capacity mismatches? A) Back orders. B) New demand. C) Overtime D) Part time.
A strong claim belief hiding the medium-range time rack. Economic setting pens the yield fee which mixes rude sense, work, stock preparation, and so forth.
The information sources for a reasonable expert creation plan have been beginning stock, deals conjecture, current request portfolio, amount to deliver, wellbeing stock, and creation limit.
An excessive amount of limit can bring about disappointed representatives since they need more work to do. Too little limit can bring about representatives being exhausted, prompting a turnover.
The specialist's test is to oversee three basic variables: values, potential open doors, and capacities at the same time. To devise and execute an effective methodology, you really want to investigate every one of these variables to comprehend how your association can make and support esteem.
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last week, your customer's margin account showed sma of $6,000. as of the close of business yesterday, the margin account client had a long market value of $50,000 and a debit balance of $40,000. this client
This client will receive a maintenance margin call for $2,500.
When the equity in a long margin account goes below 25% of its market value, the customer receives a maintenance margin call for the amount required to restore the account to 25%. A $50,000 market value necessitates at least $12,500 in equity. The account is presently worth only $10,000 ($50,000 minus $40,000). As a result, a request for an extra $2,500 deposit will be sent. SMA may only be used to fulfill an initial margin call, not a maintenance call. Another alternative is to deposit fully paid marginable securities. In our example, it would be enough securities to increase the account's LMV up to 4/3 of the negative balance. $40,000 × 4/3 = $160,000 ÷ 3 = LMV of $53,333.33. Margin calls are requests for more funds or securities to bring a margin account up to the required level of maintenance. If a trader fails to deposit cash, brokers may force the trader to liquidate assets regardless of market value to fulfill the margin call.
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Brian works as a financial analyst for Walmart. He feeis that Walmart has a toxic environment because many of the senior exacutives share the valies of people who are only in business to make money, Brian feeis that business should benefit society - not fust making money for shareholders, but also giving money back to the community. When you ask Brian how he determined walmart's culture, he tells you that he listens to the stories that managers tell everyday in the cafeteria. These stories are __ and they are __
Brian's tales are both values and beliefs. Values are long- term, solid persuasions about what's significant to a person. They come marks against which individualities organise their lives and make opinions.
Values and beliefs are two crucial sundries that guide our conduct and stations. Although values and beliefs are linked because they impact our stations, comprehensions, personality, character, and conduct, there's a distinction between them. The primary distinction between values and beliefs is that values are principles, ideals, or behavioral morals, whereas beliefs are persuasions that we generally regard to be true. These deeply bedded ideas shape our values, stations, and conduct. Each person may have colorful values. Values can arise as a result of a blend of one's parenting, gests , and an arising sense of tone. For illustration, a person may feel that payoff is wrong or that drinking alcohol is wrong. still, not every faith will agree with these views.
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why did the confederate attempts to raise revenue by tariffs not work? group of answer choices
lincolns administration called for emancipation before anyone seceded.
Why did the Confederate plan fall short?
Slavery, the exact institution that led to secession, was the most persuasive "internal" reason for the South's defeat. Slaves escaped and joined the Union army, depriving the South of labor and giving the North an additional 100,000 men.
What economic issues were the Confederates dealing with?
Confederate expansion and development were hindered by the twin drawbacks of a smaller industrial economy and the fact that so much of the war was waged in the South.
Because of Union naval blockades, Southern farmers (particularly cotton growers) found it difficult to export their products.
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Francine sells her handmade purses directly to customers at craft fairs and on her website. This is a form of ______.
direct distribution
Francine offers her handcrafted handbags directly to clients at craft fairs and on her website. This is a type of direct selling.
Direct selling is an approach to business in which a party buys products from a parent company and sells them directly to customers." Direct selling is a wide term that refers to a variety of business models centered on person-to-person selling outside of a retail establishment, such as social media sites or the salesperson's or prospective customer's home." Direct selling is the practice of selling things to customers directly rather than via a retailer. Instead, sales take place at home, work, online, or in other non-store settings. Direct selling removes various product distribution middlemen, such as the regional distribution center and wholesaler. Instead, items are transferred from the producer to a direct sales organization, then to a distributor or representative, and lastly to the customer.
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Using the SELECT statement, query the invoice table to find the total cost for all orders placed in the country USA.
a.)1823
b.)528
c.)2351
d.)19103
In order to get the total cost of all orders placed between 2009-01-01 and 2010-01-01, the SELECT query uses the invoice table is as follows:
SIGNIFY AVG
in the invoice
WHERE invoice date IS IN THE PERIOD FROM 2010-01-01 TO 2011-01-01;
What is a SELECT statement?The command that is used in SQL to obtain zero or more rows from various database tables or database views is referred to as this.A database table's records are retrieved using a SQL SELECT statement in accordance with criteria specified by clauses (such FROM and WHERE). The syntax is as follows: SELECT column1, column2 FROM table1, table2 AND column2='value';Since the invoice table is queried to get the total cost of all orders placed between 2009-01-01 and 2010-01-01, we can see that the SELECT statement is given above.To Learn more About SELECT query Refer To:
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All of the following are methods employed for measuring the specific gravity of urine, EXCEPT?RefractometryHydrometryOsmolalityUrine reagent strips
Refractometry, hydrometry, and reagent strips are commonly used to assess urine specific gravity.
What is the method for calculating urine's specific gravity?
The doctor or other medical professional uses a dipstick with a color-sensitive pad. The physician can determine your urine's specific gravity based on the hue the dipstick changes to.
The results of the dipstick test are simply approximate. Your healthcare provider might send a sample of your urine to a lab for a more accurate result.
What are the results of the pee test strips?
Strips are only intended for usage by professionals. They are designed to be used in the detection of situations that may indicate diabetes, metabolic abnormalities, liver illnesses, renal function, and urinary tract infections.
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which of the following are sources of cash? (check all that apply.) multiple select question. purchasing an asset a decrease in notes payable an increase in notes payable a decrease in accounts receivable
Sources of cash include a decrease in accounts receivable as well as an increase in notes payable.
Accounts receivable, inventory, and investments are the most typical sources of cash for a firm. Other cash sources include bank or other lender loans, lines of credit, and client advances. In a corporate finance transaction, a Sources and Uses of Cash schedule summarizes where money will come from (the "Sources") and what capital will be spent on (the "Uses"). When calculating total amounts, the sources and uses accounts should be equal. When developing a model for scenarios such as recapitalization, restructuring, and mergers and acquisitions, the sources and uses schedule becomes extremely significant and beneficial. As a result, it is frequently employed in investment banking. For most firms, cash from financing comprises of loan proceeds and credit line drawdowns.
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analysis that is limited to making either purely descriptive statements or scientific predictions is
Analysis that is limited to making either purely descriptive statements or scientific predictions is Positive economic Analysis.
What is Positive economic Analysis?
Positive economics is the study of economics through an objective analytical lens. Most economists base their future projections on what has already happened and what is happening in a particular economy. This investigation procedure is economically advantageous. On the other hand, normative economic research uses value judgements to underpin future forecasts.
Positive economics is an objective branch of economics that bases its conclusions on reality or current events.Positive economics analyses can be used to develop conclusions that can be tested and supported by evidence.Positive economic theory doesn't offer suggestions or directions.Value judgements or expectations for the future are examples of statements based on normative economics.When creating policy, positive and normative economics can collaborate.To learn more about Positive economic Analysis
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When revenues are greater than expenses, a company has net ______________ , whereas when revenues are less than expenses, a company has a net ______________________ .
Choose matching definition
Common stock
balance sheet
income, loss
Income statement
The correct answer is option c. When revenues are greater than expenses, a company has net income, whereas when revenues are less than expenses, a company has a net loss.
Revenue are defined as the total earnings a company generates through its core operations like sales of products or services, rents on a property, recurring payments and interest on borrowings. Revenue calculations is done before removing any expenses, such as discounts and returns.
An expense is refer to the cost of operations that a company incurs to generate revenue. It is basically termed as the cost one is required to spend on obtaining something.
Companies usually try break down their revenues and expenses in their income statements. The accountants record the expenses by the following two accounting methods: cash basis or accrual basis.
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Complete question
When revenues are greater than expenses, a company has net ______________ , whereas when revenues are less than expenses, a company has a net ______________________ .
Choose matching definition
a. Common stock
b. balance sheet
c. income, loss
d. Income statement
The Bay City Planning Department, the Coastal County Zoning Commission, the California Environmental Quality Agency, and the U.S. Bureau of Land Management issue regulations. These rules constitute
Question 2 options:
a) administrative law.
b) case law.
c) constitutional law.
d) statutory law.
Administrative law refers to the body of law that governs the actions and decision-making of administrative agencies, such as the Bay City Planning Department, the Coastal County Zoning Commission, the California Environmental Quality Agency, and the U.S. Bureau of Land Management. Option A is the right response in this case.
These agencies have the authority to create and enforce regulations, which are considered a form of administrative law. The regulations created by these agencies are intended to implement and interpret laws passed by the legislative branch of government.
Administrative law can also include the rules, procedures, and decisions made by administrative tribunals or other bodies established to hear and decide disputes arising from the application of regulations.
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The manager of the Personnel Department at Binder City has been reading about time-driven ABC and wants to apply it to that department. The manager has identified four basic activities Personnel Department employees spend most of their time on: Interviewing, Hiring, Evaluation, and Exit. The department employs seven staff members who perform these activities. The manager provides the following estimates for the amount of time it takes to complete each of these activities:
- Interviewing: 40 minutes. - Hiring: 45 minutes. - Evaluation: 85 minutes. - Exit: 105 minutes. Employees in Personnel work 37.5-hour weeks with four weeks for vacation. Of the 37.5 hours, 5 are reserved for administrative tasks, training, and so on. The costs of the Personnel Department, including any allocated costs from other staff functions, are $1,244,880. During the year, Personnel conducted 1,100 interviews, made 640 hires, made 5,400 evaluations, and had 400 separations. Note: Assume 52 weeks in a year
Required: a. what is the cost per minute for activities in personnel? Note: round your answer to 2 decimal places. b. what is the cost of interviewing and hiring one employee? Note: round your intermediate calculations and final answer to 2 decimal places. c. how many minutes of unused capacity did personnel have for the year? d. what was the cost of the unused capacity in personnel?
Note: round your intermediate calculations to 2 decimal places and round your final answer to the nearest whole dollar.
The cost per minute for activities in personnel department is $11.40/minute, the cost of interviewing and hiring one employee is $498, the personnel department has a negative unused capacity of -647,400 minutes and the cost of the unused capacity in personnel is -$7,346,160.
a. To find the cost per minute for activities in the personnel department, we need to divide the total cost of the department by the total number of minutes worked in a year.
First, we need to calculate the total minutes worked in a year:
37.5 hours/week x 52 weeks/year = 1,950 hours/year
1,950 hours/year x 60 minutes/hour = 117,000 minutes/year
Next, we'll subtract the minutes reserved for administrative tasks, training, etc. from the total minutes worked in a year:
117,000 minutes/year - 5 hours/week x 60 minutes/hour x 52 weeks/year = 109,400 minutes/year
Now we can divide the total cost of the department by the total number of minutes worked in a year:
$1,244,880 / 109,400 minutes/year = $11.40/minute
b. To find the cost of interviewing and hiring one employee, we need to multiply the time spent on each activity by the cost per minute and add them together:
40 minutes x $11.40/minute + 45 minutes x $11.40/minute = $498
c. To find the number of minutes of unused capacity in the personnel department, we need to subtract the total minutes spent on activities from the total minutes available in a year.
First, we'll calculate the total minutes spent on activities:
1,100 interviews x 40 minutes/interview + 640 hires x 45 minutes/hire + 5,400 evaluations x 85 minutes/evaluation + 400 separations x 105 minutes/separation = 756,800 minutes
Next, we'll subtract the total minutes spent on activities from the total minutes available in a year:
109,400 minutes - 756,800 minutes = -647,400 minutes
The personnel department has a negative unused capacity of -647,400 minutes, which means that they were overworked by 647,400 minutes.
d. To find the cost of the unused capacity in personnel, we need to multiply the unused minutes by the cost per minute:
-647,400 minutes x $11.40/minute = -$7,346,160
The cost of the unused capacity in personnel is -$7,346,160, which means that the department has overspent by $7,346,160.
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TRUE/FALSE. despite its representation that it would update shareholders about fundamental changes to the information previously disclosed, bank of america kept shareholders in the dark as they were called upon to vote on the proposed merger at the end of a quarter of nearly unprecedented volatility and uncertainty. the absence of any disclosure concerning merrill's extraordinary losses deprived shareholders of up-to-date information that was essential to their ability to evaluate whether to approve the merger upon the terms presented to them, which had principally been negotiated before merrill sustained these losses. bank of america's failure to make any disclosure concerning merrill's october and november losses violated bank of america's express undertaking to apprise investors of fundamental changes and rendered its prior disclosures materially false and misleading in violation of the federal securities laws.
The given statement about allegations to the bank of America to its Merrill stakeholders is TRUE.
Bank of America's American investment management and wealth management subsidiary is called Merrill, formerly known as Merrill Lynch. Both businesses participate in prime brokerage and broker-dealer activities with BofA Securities, the investment banking division. The company's New York City headquarters previously took up the whole 34 storeys of 250 Vesey Street, a building that is a part of the Brookfield Place complex in Manhattan. Merrill employs over 14,000 financial professionals and manages $2.3 trillion in client assets. The business also runs Merrill Edge, a branch that offers investing services as well as complementary ones like call center consulting. The business was publicly held and traded on the New York Stock Exchange before 2009.
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