) Mr. Furqan started a sole proprietorship business. The business is newly established and Mr. Furqan hired an Accountant for keeping the journal updated. Suppose you are the Accountant of Mr. Furqan business, prepare the journal book for the month of June, 2019. You are also required to post journal entries into the ledger and prepare the trial balance. Detail of the transactions during June, 2019 are given as follows:-
June.1. Mr. Furqan commenced business with Cash of Rs. 2, 200000/- Building Rs.7,500,000/-
1. Purchased Goods with cash Rs.400,000/-
6. Purchased furniture from Miss Hareem Rs.220000/-
8. Sold goods to Mr. Majid Rs.220000/-
17. Goods returned to Miss Hareem Rs.10,000/-
18. Stationery Purchased Rs.20,000/-
22. Returned goods to Mr. Majid Rs. 12,000/-
28. Utility bill paid for the month Rs.70,000/-
31. Salaries paid for the month Rs.70000/-

The avoidance of the settlement of an obligation would be the necessary means by which this would have to take place.

This phrase is used to refer to everything that has to do with the rejection and voiding of a transaction that was completed at a previous time. It has to do with the revocation of the upcoming transaction. The avoidance of the settlement of an obligation would be the necessary means by which this would have to take place. Given that individuals who have entered into a contract are the ones who would be able to have a voidable contract, would also be able to abide by the contract, and would also have to disaffirm the deal, there was no contract in this circumstance.

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The income statement's cost of goods sold is given a value by FIFO that is roughly equal to its current replacement cost.

What is replacement cost?

Replacement cost is an estimate of how much it would cost to replace a certain item, structure or asset with a new one of similar quality and functionality. Replacement cost is usually used for insurance purposes, to determine how much an insurer should pay out to replace the item or structure if it is damaged or destroyed. It is also used to determine the value of a property or asset for tax or accounting purposes.

The income statement's cost of goods sold is given a value by FIFO that is roughly equal to its current replacement cost.

Weighted Average has a tendency to even out irregular cost changes.

On the balance sheet, FIFO allocates an amount to inventory that roughly corresponds to its current cost.

For the majority of organisations, LIFO simulates the actual flow of commodities.

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$40 billion.   the marginal propensity to consume is 0.75. net exports decline by S10 billion, and government spending increases by $20 billion. Given that there is no crowding out.

the equilibrium gross domestic product can increase by a maximum When someone's income rises, the MPC calculates how much of that gain is spent on goods and services rather than saved. In light of this, MPC is computed as MPC = change in consumption / change in income. Using the above example, the MPC is 500 / 1000 = 0.5. In economics, the marginal propensity to consume (MPC) is defined as the proportion of a wage increase that a consumer spends on goods and services rather than saving. In economics, the marginal propensity to consume is a statistic that quantifies induced consumption, which is the idea that an increase in disposable income leads to an increase in personal consumer expenditure. The percentage of disposable income spent on consumption.

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One thought should be communicated in each sentence, which should be simple and uncomplicated. Brief, direct statements work best when you want your information to be understood without any ambiguity.

Technical writing is  brief, accurate, straightforward, and well-structured. The parts that follow provide helpful advice and best - practice, but keep in mind that they are just the beginning. As you improve your communication abilities, you must be conscious of your writing style and always seek to improve it. The effective flow of information is given priority in a technical communication writing style, which may differ from other sorts of writings you have worked on in the past. Technical communication requires you to present information succinctly, precisely, and professionally. Instead of trying to demonstrate that you have read or comprehended anything, the emphasis is more often on how effectively the writing accomplishes that purpose.

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Manufacturing organization provide real, tangible products that may be kept in stock until they are needed. Service providers, in contrast, provide immaterial goods that cannot be made in advance.

A crucial component of the operations organisation in a corporation is offered by the Manufacturing organisation & Service Operations certification track. Its mandate is to manage resources, provide resources, and transform raw materials into finished goods.

We refer to this period of time as the short run when at least one production component is fixed. All production is carried out in the short run by adding more of the moveable factors, like as labour, to the fixed factors, such as capital and land. According to the concept of the "short run," some inputs remain constant while others are variable for a predetermined period of time in the future. In terms of economics.

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The correct response is A. Allocates a portion of the total discount to interest expense each interest period.

Interest expenses serve as a reflection of the cost of borrowing money. It is the cost a lender charges a borrower for using their money. On the income statement, the cost of borrowing money from banks, bond holders, and other sources can be displayed as interest expense.  Interest expense is distinct from operating expense and CAPEX because it relates to a company's capital structure and is frequently tax deductible. On the income statement, interest revenue and expense are occasionally combined under the categories "interest income - net" (if there is an excess of interest income) or "net interest expense" (if there is a surplus in interest expense).

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Amortizing a bond discount:

A. Allocates a portion of the total discount to interest expense each interest period

B. Increases the market value of the Bonds Payable

C. Decreases the Bonds Payable account

D. Decreases interest expense each period

E. Increases cash flows from the bond

Sheila's choice of additional education is called an investment in human capital.

Sheila's decision to pursue her master's degree is an investment in her own human capital, which is the knowledge, skills, and abilities that she has acquired through education and experience.  Investment in  mortal capital is to the fore of debate and analysis in OECD countries about how to promote  profitable substance, fuller employment, and social cohesion. individualities, organizations and nations decreasingly  honor that high  situations of knowledge, chops and  capabilities are essential to their  unborn security and success. Investment in chops and  capabilities takes place in a variety of settings ranging from early nonage education to informal  literacy in the plant, and involves a wide range of actors from  individualities to enterprises and governments. People invest in  mortal capital for analogous reasons that businesses invest in physical capital and  individualities invest in  fiscal  means they hope to earn income.

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The businesses of overseeing, concluding, and concluding real estate transactions and business by bringing parties together are known as real estate brokerage.

Services | Real Estate Transaction Advisory | REAG valuation of businesses, assets, and other investments for tax, financial, and other reporting purposes. Solutions for governance, advisory, and monitoring throughout the entire process in order to identify, reduce, and eliminate operational security, legal, compliance, and regulatory risk.

Pre-entry into a contract is the first step, followed by the actual signing of the contract. After the contract has been signed, the third stage involves working through the transaction's specifics, and the fourth stage is closing and post-closing.

Let's talk about the tips you can use to keep buyers and sellers on your side and learn more about the real estate sales process. Step 1: Listing the requirement for sales. Step 2: the property's price. Step 3: organizing the property's viewing. Step 4: Negotiation.

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A production kanban card is used to signal is there is a need to produce parts at the work center.

Kanban is a just-in-time (JIT) manufacturing inventory control technique. It was created by Toyota industrial engineer Taiichi Ohno, and it gets its name from the colorful cards used to track production and place orders for fresh deliveries of components or materials as they get depleted. The kanban system simply refers to the use of visual cues to prompt the action required to keep a process moving. Kanban is a Japanese word that immediately translates to "visual card."

One way to conceptualize the kanban system is as a signal and response system. There will be a visible indication indicating how much to order from the supplier when an item is running short at an operational station. The user places the order for the quantity specified by the kanban, and the provider fulfills the order exactly as asked.

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The statement is referring to a promotional offer for a credit card account.

The offer is for a 0% introductory annual percentage rate (APR) for the first 21 statement closing dates following the opening of the account.

This means that for the first 21 billing cycles after the account is opened, the cardholder will not be charged interest on any transactions made within 60 days of opening the account.

It's important to note that an APR is a measure of the cost of credit, expressed as a yearly interest rate. It takes into account not just the interest rate, but also any fees associated with the account.

This promotional offer can be beneficial for cardholders who plan to make large purchases or transfer balances from other credit cards, as they will be able to do so without accruing interest during the promotional period.

However, cardholders should be aware that after the promotional period ends, the APR will likely increase, and any unpaid balances will begin accruing interest.

Additionally, it is important to always read the terms and conditions of any credit card offer carefully, as there may be other restrictions or limitations on the promotional offer.

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If a product's pricing is higher in the U.S. is $10, and the foreign price of the same good is 30 units of foreign currency, then the real exchange rate is 2/3. The given statement is false.

The real exchange rate is the relative price of goods and services between two countries, taking into account the differences in price levels between those countries. It is computed by dividing the foreign price of a good by its domestic price, and then multiplying by the exchange rate. In this case, the real exchange rate would be calculated as follows:

Real exchange rate = (foreign price / domestic price) * (units of foreign currency per dollar)

Real exchange rate = (30 / 10) * (2) = 6

The real exchange rate is 6 it is not 2/3.

It's important to note that if the real exchange rate is greater than 1, it means that the foreign good is relatively cheaper than the domestic good, making it more affordable for domestic consumers. In this scenario, it would be cheaper for American consumers to purchase the foreign good.

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Finished goods available for sale = $1,744,500 , Beginning Inventory of Finished Goods is $0 .

The Cost Flow Assumption Theory is the theory used in this question. According to this theory, costs are recorded on a company's financial statements based on when they are incurred and move through a business as a product is manufactured.

The cost amounts for the flowchart input boxes can be calculated using the following steps:

1. Determine how much the raw materials activity will cost:

Raw Materials Purchases:    $566,000

Initial Stock of Raw Materials:        $154,000

Raw Materials Available for Use in Production:  

                $154,000 + $566,000

                        = $720,000

Ending Raw Materials Inventory: $192,000

2. Calculate the costs of the Production Activity:

Direct Labor Used in Production:          $384,000

Factory Overhead Used in Production:    $784,000

Beginning Work in Progress Inventory:         $0

Total Work in Progress:

                        $384,000 + $784,000

                             = $1,168,000

Ending Work in Progress Inventory:

                                     =   $93,000

3. Calculate the costs of the Sales Activity:

Beginning Finished Goods Inventory: $0

Finished Goods Available for Sale: $1,744,500

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The false statement is Aaron's MOC of producing each unit of X is 1/2 unit of Y.

The statement that is false is "Using efficient joint production they can produce 12 units of X and 12 units of Y." This is false because the joint PPF shows that the maximum amount of X and Y that can be produced is 10 units of X and 8 units of Y. All of the other statements are true based on the joint PPF. Aaron has a comparative advantage in producing X because he can produce more of it than Betty can. The product possibility frontier( PPF) is a wind on a graph that illustrates the possible amounts that can be produced of two products if both depend upon the same finite resource for their manufacture. The PPF is also appertained to as the product possibility  wind. PPF also plays a pivotal part in economics. This fashion can be used by economists to determine the set of points at which a country’s frugality is most efficiently allocating its coffers to produce as numerous goods as possible.

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Speak with your current clients to determine their needs. your website or e-commerce platform with SEO. Make a list of prospective and current customers' email addresses. Offer exclusive prices and weekly/monthly promotions to new clients.

When you have a prospective wholesale buyer's phone number or email address, you may call them directly or send an email to describe your business, provide a link to your web store, and offer attachments like brochures, catalogues, and newsletters. Manufacturers who use a direct-to-consumer business model offer their goods to consumers directly rather than through distributors, wholesalers, or third-party retailers. D2C represents a considerable departure from the conventional approach, in which producers sell to wholesalers who then distribute to retailers. To locate suppliers for product sourcing from Alibaba, NREL, and Wholesale Central, use trade directories like TSNN or 10times, online business organisations, and wholesale directories.

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A systematic collection of practises called "cost accounting" is used to measure, record, and report both the overall and specific costs associated with producing things and providing services.

1) By deducting the fixed factory overhead rate per unit from the unit product cost under absorption costing, one can calculate the unit product cost under variable costing.

2) A financial statement called a variable costing income statement produces a contribution margin by deducting variable costs from revenue. The additional profit made when a product's sales outpace its variable costs is known as the contribution margin.

3) By (a) deducting the manufacturing overheads carried forward (absorbed by shutting inventories) and (b) adding the manufacturing overheads brought in, net income under absorption costing and net income under variable costing can be reconciled (absorbed by opening inventories).

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One of the benefits of financial reporting in gfebs is that it allows you to run reports at any time----- True.

Option A is correct.

Financial reporting is an important process for investors and businesses because it provides important data that shows financial success over time. Financial reporting is also monitored by governmental and commercial regulatory organizations to guarantee fair commerce, compensation, and financial activity.

Most of the time, you record your financial transactions on a few important statements that other people can look at. We explain what financial reporting is, why it is important, how financial statements look, who uses them, and who monitors them in this article.

Financial reporting is the process of recording and communicating financial performance over specific time periods, typically quarterly or annually. Businesses use financial reports to present their current financial situation and compile accounting data.

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Throughout the spring of 2010, EU struggled with a severe Greece debt crisis and the ECB, Germany, and France formulated an aid plan to bail out the country.

The Greece debt crisis began in 2009 when Greece's sovereign debt reportedly reached 113% of GDP – almost twice the limit of 60% set by the Eurozone. The following widespread collapse was a result of excessive deficit spending by several European countries.

If Greek government bonds become riskier, the demand for those bonds will decline. As a result, the price of Greek bonds falls, increasing the interest rates charged on them in line. On the other hand, if Greek government bonds become more risky, anxious investors will migrate to purchasing U.S. government bonds, lowering the interest rates paid on them and supporting their prices.

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The stockholders' equity of a corporation that has assets of $600,000 and liabilities of $306,000 is $294,000 and the other assets is $460000.

After all debts have been paid, a company's residual assets are referred to as its stockholders' equity. This amount is computed by deducting total debt from total assets, or alternatively, by adding share capital and retained earnings and deducting treasury stock. To determine retained earnings, divide a company's liabilities by its assets to determine stockholder equity. Next, locate the common stock line item on your balance sheet and deduct that amount from the total stockholder equity. Retained earnings are located on a balance sheet's asset side. This is money that the business has earned over the course of its existence and decided to keep on hand rather than distribute as dividends.

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Firms at different grades in the channel (for example producers and retailers) get together to advertise jointly. This cost-sharing arrangement is referred to as horizontal cooperative advertising.

Vertical advertising allures people in a specific industry. Horizontal advertising is not restricted to a single industry but marks people in multiple industries and periodically the general public. It strives to reach a certain demographic or multiple demographics. Horizontal marketing strategies comprise placing ads in widespread interest publications and different forms of media such as radio and TV stations. Advertising in general business publications and websites is again a horizontal marketing technique.

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You would get refunded for what you paid for game if you purchase game on sale and refund it when its off sale.

Any exchange in which two or more parties exchange things or services, tangible or intangible, for cash is referred to as a sale. Depending on the situation, a seller may receive assets in addition to money. An agreement between a buyer and a seller regarding the price and precise delivery information of a financial security is referred to as a sale in the financial markets. When a supplier of goods or services transfers ownership and title to a customer in exchange for a specific payment or other assets that have been mutually agreed upon, that transaction is referred to as a sale. These expressions could refer to the selling price, the amount, the mode of delivery, and the time of delivery.

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The general journal entry to record this transaction is: No entry is made for this transaction.

The following is an illustration of a journal entry that might be made in the general journal: Following the entry of the transactions in these journals, a summary of all the transactions is posted in each journal to the general ledger, which houses all of a company's accounts.

Asset sales, depreciation, interest income and expense, and stock sales are a few examples of transactions that are recorded in the general diary. All of the different journals keep track of transactions using a debit and credit system, with the earliest entries being recorded first.

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A sales funnel is a visual representation of the process through which people go from first learning about a brand to becoming loyal customers.

What does "sales funnel" mean?

A sales funnel, also known as a purchase funnel, is a diagram that shows the customer's journey from awareness to action during the sales process.

                              You manage a wonderful  advertisement that directs visitors to a landing page. On the page, you offer your potential customer a lead magnet in exchange for joining your email list.   As opposed to prospects, you currently have leads.

Which four stages comprise the sales funnel?

Awareness, assessment, purchase, and joy are the four phases of the content marketing funnel. Every stage should have a distinct function in the customer's journey, and the material that is provided at each stage should reflect this.

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Andrew jaffe believes the industry must be diligent about upholding ethical and honest advertising standards To discourage an increase in governmental regulation.

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By providing them with information and addressing their problems, content marketers may increase traffic and conversions from their niche audiences.

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The answer is extending the term of the loan by a time interval equal to the moratorium period. Lenders typically do not forgive the payments, but want to eventually collect all of the funds due from the borrower.

What is moratorium period ?

Similar to forbearance or deferment, a moratorium period is when your lender permits you to stop making payments for a predetermined length of time and for a predetermined reason. Most frequently, there is some sort of financial difficulty.

What is a policy of moratorium?

A moratorium is a temporary suspension of an action or a legislation until further consideration justifies its lifting, such as if and when the problems that gave rise to the moratorium are overcome.

                       A government, authorities, or a company can all impose a moratorium. The borrower is not required to make house loan EMI payments for a certain amount of time during a moratorium period.

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A cost that fluctuates in relation to production or sales volume is referred to as a variable cost.

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Increasing taxes and buying the government bonds in open market is most likely to lower the unemployment rate.

An open market is one that is free from restrictions like tariffs, unfair licensing requirements, subsidies, arbitrary taxes, unionization, and other laws that benefit certain businesses and individuals while impeding those of others. Entry barriers that make it more difficult for new businesses to flourish may be created by the dominant corporations' significant presence in an open market. Nevertheless, there are no entry barriers imposed by regulations. US, Canada, Western Europe, and Australasia are seen of as relatively free marketplaces in comparison to Cuba and North Korea. There isn't a completely free market in the contemporary era. Every economy has laws, rules, and regulations protecting intellectual property, as well as laws demanding honesty, service standards, and product standards.

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The principles of evidence-based management (EBM) is the use the best information available to inform decisions.. The correct option is D.

The evidence-based management is the management in which involves consciously setting aside the accepted conventions and hierarchy of opinion, and using the skill which is critical thinking and the decision  making.

The  best information uses in the evidence-based management for the asking, acquiring and appraising. In the workplace, asking for translating the practical issue into an answerable question.

The acquiring process is the systematically searching for the evidence. The appraising is critically judging the trust and relevance of the evidence.

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Lower discount rate and Buying bonds are easy money policy maneuvers of the Federal Reserve.

Option 1 and II are correct.

When the Federal Reserve allows cash to accumulate within the banking system, it is referred to as "easy money," as this lowers interest rates and makes it simpler for lenders and banks to lend money. The Fed's ability to use monetary policy to boost the economy is exemplified by easy money.

The United States' central bank, the Federal Reserve Bank (fed), favors easy money policies when the economy's money supply has decreased. Through open market operations, discount rates, and reserves, this policy aims to increase the market's money supply.

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In 2017 and 2018, the current ratio is 1.48 and 1.57 respectively.

To calculate the current ratio for Just Dew It for the years 2017 and 2018, you can use the following formula:

Current Ratio = Current Assets / Current Liabilities.

In 2017, the current assets for Just Dew It were $60,750 + $21,420 + $24,075 = $106,245, and the current liabilities were $52,560 + $19,260 = $71,820, so the current ratio for that year would be $106,245/$71,820 = 1.48.

In 2018, the current assets were $67,860 and the current liabilities were $13,275 + $29,925 = $43,200,

so the current ratio for that year would be $67,860/$43,200 = 1.57.

These ratios indicate that Just Dew It had enough current assets to cover its current liabilities for both years. It is considered healthy for a ratio to be above 1, which Just Dew It's current ratio is.

The Balance sheet is given in the image below.

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