The debits and credit for each journal entry are posted to the accounts in the order in which they occur in the journal.
Journal entries is the book which list the vital data such as what was credited and debited and from which accounts and then each journal entry corresponds to one business transaction and is posted to the general ledger. It is crucial to accurately enter complete journal data so that the general ledger and financial reports based on this information are also accurate and complete. With modern accounting software, recurring journal entries may be templatized and automatically executed, minimizing the potential for error. Journal entries are in chronological order and follow the double entry accounting system, meaning each will have both a credit and a debit column. Even when debits and credits are linked to multiple accounts, the amounts in both columns must be equal. For example, say a company spends $27 catering lunch for employees. The expenses account increases by that amount, while the cash account, which is an asset, decreases by $27 because that money is now spent.
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What is resource What is its value?.
Explanation:
A resource is anything that is useful and adds value to your life. The value of each of these resources depends on how useful it is and other factors. For example, silver and gold have economic value; that is, they can be exchanged for cash. The utility is a measure of the pride a person has in consuming a good.
which form determines how much state income tax is withheld from your paycheck?
By completing Form W-4: An Employee's Withholding Allowance Certificate, you can let your employer know how much money should be taken out of your paycheck to cover federal paycheck taxes.
The federal government determines the paycheck taxes percentages that workers must pay. Payroll taxes or FICA (Federal Insurance Contributions Act) taxes are subtracted from your paycheck and include Social Security and Medicare taxes. Social Security taxes provide retirement and disability benefits for workers and their families. The Medicare tax, which also includes medical benefits, applies to all adults 65 years of age and over, as well as to some disabled people who are younger. It also applies to people with chronic renal failure who require dialysis or a transplant. Employers contribute to these payroll taxes in part.
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Which best describes the production of goods in a free enterprise economic system.
Production based on consumer spending best describes the production of goods in a free enterprise economic system.
What products will be created in a free enterprise system?In a free enterprise economy, things are created for those who are able and willing to purchase them. any item that a person or organization owns. Individuals and companies have the freedom to possess property, and they are allowed to own as much as they are willing and able to buy, according to the free enterprise system.
What kind of economic system is free enterprise?A free enterprise economy is one in which the market, rather than the government, sets the pricing and terms for goods and services. It's capitalism, not communism. Free things are unrestricted, and a business is an enterprise. Therefore, an economy with free enterprise refers to one where enterprises are not subject to governmental regulation.
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How much is 30 cent?.
A cent is equal to one hundredth. Hence, 30 cents is equal to 0.3 dollars.
The word "cent" comes from Latin word "centum" which means "hundred".
1 cent is equal to one hundredth of dollars, euro, or other currencies.
Hence,
1 cent = 1/100 dollars
100 cents = 100 x 1/100 dollars = 1 dollars.
Cent can also be represented by decimals.
Example:
50 cents = 50 x 1/100 dollars = 0.5 dollars
70 cents = 70 x 1/100 dollars = 0.7 dollars
250 cents = 250 x 1/100 dollars = 2.5 dollars
30 cents = 30 x 1/100 dollars = 0.3 dollars
To add some amounts of money that involve cents, it is easier to convert them to its decimal equivalent first.
Example:
6 dollars + 40 cent = 6 dollars + 0.4 dollars = 6.4 dollars.
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Introduction to Business & Technology B: 1(A) U4: Integrate Leadership Skills & Management Oct 3-
Unit 4: Leadership & Management Unit Test
This test/quiz is accepting submissions until Thursday, May 23, 2024 at 11:59 am
Question 9 (5 points)
What are the 4 functions of Management?
Answer: Four functions of management are :
1) Planning
2) Organizing
3) Leading
4) Controlling
Explanation:
Planning is a process where a manager is making an idea to achieve the company's aims and target. Strategic, tactical, and operational skills are highly valued.
The organization is the next process of planning, with the help of planning the managers put the plans into action. Identifying steps, allocating workers, and establishing authority over individuals.
Leading is motivating and influencing employees to meet performance standards.
A manager takes control of the whole process of the company.
The roles of ___, ___, and ___ are critical for managers in nonprofit organizations.
The roles of spokesperson, leader, and resource allocator are critical for managers in non-profit organizations.
What are management's responsibilities in non-profit organizations?The four main areas of planning, organizing, leading, and controlling are how management gurus have divided up management's tasks. The management of nonprofits requires special attention to each area.
How are non-profit organizations run?The nonprofit industry, by definition, works toward humanitarian ends. Because they lack formal hierarchies and managerial structures, many nonprofit organizations are loosely structured and frequently volunteer-driven.
Which managers are critical to advancing innovation?Middle managers are essential for fostering innovation and empowering businesses to adapt quickly to changing conditions. a manager who is in charge of a certain project at work that brings together staff from different levels and functions of the company.
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Hat are the tax consequences to Euclid from the following independent events? In your computations, do not round intermediate division. If required, round the per share answer to two decimal places. Round all other answers to the nearest dollar. A. Euclid bought 500 shares of common stock five years ago for $90,000. This year, Euclid receives 20 shares of common stock as a nontaxable stock dividend. As a result of the stock dividend, Euclid's per share basis is $fill in the blank 1 174. B. Assume instead that Euclid received a nontaxable preferred stock dividend of 20 shares. The preferred stock has a fair market value of $9,000, and the common stock, on which the preferred is distributed, has a fair market value of $135,000. After the receipt of the stock dividend, the basis of the preferred stock is $fill in the blank 2 563 , and the basis of the common stock is
A. Euclid's per-share basis is $180 , the basis of the preferred stock is $450 and the basis of the common stock is $177.50.
Euclid's per-share basis is calculated by dividing the total basis of the stock (90,000) by the number of shares owned (500), which gives a per-share basis of $180.
The basis of the preferred stock is calculated by dividing the fair market value of the preferred stock (9,000) by the number of shares received (20) which gives a per-share basis of $450.
The basis of the common stock is calculated by subtracting the basis of the preferred stock (450) from the total basis of the stock (90,000) which gives a per-share basis of $177.50.
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How do you handle variable expenses in a budget?.
To handle variable expenses in a budget, the ideal or common method for the handle variable expenses in a budget include the money management rule.
The money management is the management refers to the handle the all finance decisions like buying, saving, setting goals and investing. It is one of the most important parts of your financial life.
To handle variable expenses in a budget with the help of uses the average of your expenses, control in finance, pause before the purchase, try to buy good and low price of products, not buying too branded things instead of this, try to get some quality things in a affordable ranges.
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How has information technology impacted the economy?.
The information technology creates the major growth, better economic policy in the economy
The term Information technology simply said that IT is the creation, process, storage, security, and sharing of all types of electronic data using computers, collection, connectivity, and various physical devices, infrastructure, and procedures.
Here we need to find the impact created by information technology on economy.
Here we have listed down the impacts as follows:
This one has allowed economists to better predict how resources should be allocated.
And this will also assisted governments to make better economic policy decisions.
Finally it helps in the expanded growth and outlook in information technology careers.
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What is free enterprise example?.
Reliance Industries Limited. Tata Consultancy Services (TCS) Infosys Technologies Ltd. Wipro Limited, Amazon, Flipkart. Myntra etc are examples of free enterprise.
In economics, free enterprise refers to the private industry operating independently of the government. Also known as free-market and free-trade enterprise, this refers to an economy in which businesses can freely trade, start operating, and set prices. In other words, the regulations are set by the business owners themselves. A free enterprise system allows citizens to spend their money and pursue employment opportunities as they see fit. Furthermore, unlike government-controlled processes, which limit people's ability to start businesses, a free market supports multiple businesses to compete with one another.
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Why is 25 cents a quarter?.
A quarter is equal to 25 cents because s quarter means 1/4 and it is equivalent to 25/100.
1 cent is equal to one hundredth of dollars, euro, or other currencies.
Hence,
1 cent = 1/100 dollars
100 cents = 100 x 1/100 dollars = 1 dollars.
Cent can also be represented by decimals.
Example:
50 cents = 50 x 1/100 dollars = 0.5 dollars
70 cents = 70 x 1/100 dollars = 0.7 dollars
Another example, to convert a half into cents, find its equivalent fraction with 100 as its denominator.
a half = 1/2
1/2 = 50/100
Hence, a half = 50 cents.
A quarter is equal to 1/4. To find its equivalent in cents, express it into a fraction of a hundred.
a quarter = 1/4
1/4 = 25/100
Hence, a quarter = 25 cents.
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the five of are land, labor, capital, entrepreneurship, and knowledge. what are these guidelines?
The five of are land, labor, capital, entrepreneurship, and knowledge. Factor of production are these guidelines.
What steps is the government taking to encourage business?
Venture capital firms, conventional banks, or in some cases government grants may provide this support. For instance, to assist business owners in starting new operations, the U.S. Small Business Administration (SBA) offers small business grants with a restricted amount of financing.
How is the Indian government encouraging entrepreneurship?
For the purpose of fostering entrepreneurship, the federal and state governments have set up a variety of institutions. SIDO (Small Industries Development Organization) is one of them. It is a government organization that creates policies for the growth of small enterprises in the nation.
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The equation, a equal to 1,500 plus quantity 1 plus 0.06 over 2 end quantity all raised to the power of 2 times t, represents the amount of money earned on a compound interest savings account. what does the value 1,500 represent? a. the value 1,500 represents the amount of interest earned, which means $1,500 was added to the initial balance. b. the value 1,500 represents the initial value, which means the account started with a balance of $1,500. c. the value 1,500 represents the final value, which means the account ended with a balance of $1,500. d. the value 1,500 represents the initial value, which means the account ended with a balance of $1,500.
A. The value of 1,500 represents the initial value, which means the account started with a balance of $1,500.
The equation, a = 1,500 + (1 + 0.06/2)^(2t) represents the amount of money earned on a compound interest savings account. The variable "a" represents the final value of the account, the variable "t" represents the number of years the account has been open, and the variable "quantity" represents the interest rate (0.06 in this case).
The equation can be broken down as follows:
The initial value, represented by 1,500, is added to the account.
The interest rate (0.06) is divided by 2 to account for compounding, which occurs twice a year.
(1 + 0.06/2) is then raised to the power of 2t, which represents the number of compounding periods (2 times t) that have occurred over the number of years the account has been open.
The result of this calculation represents the total interest earned on the account, which is then added to the initial value of 1,500 to give the final value of the account.
So the 1,500 initial value is the starting point and it is added to the interest that is generated over time.
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How can digital marketing trategy bulid cutomer trut and loyalty in a companie brand
Transparency is necessary to build client trust. Customers are drawn to firms that uphold moral standards and authenticity 62% of the time, and they are loyal to companies that share their values and have a clear sense of mission 94% of the time.
What is digital marketing?Using the Internet, and other online-based digital technology, such as desktop and mobile computers, as well as other digital media and platforms, digital marketing promotes products and services.
Its emergence changed how businesses and brands use technology for marketing in the 1990s and 2000s.
As a result of the widespread usage of digital devices by consumers in place of physical stores and the incorporation of digital platforms into everyday life and marketing techniques, there is now an abundance of digital marketing campaigns.
These initiatives frequently use SEO, SEM, content marketing, influencer marketing, campaign marketing, data-driven marketing, e-commerce marketing, social media marketing, and social media advertising.
Constructing client trust requires being transparent. 62% of consumers are drawn to businesses that exhibit ethical ideals and authenticity, while 94% of customers are loyal to businesses that are open about their values and exhibit a strong sense of purpose.
Therefore, transparency is necessary to build client trust. Customers are drawn to firms that uphold moral standards and authenticity 62% of the time, and they are loyal to companies that share their values and have a clear sense of mission 94% of the time.
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Developing countries with low saving rates and poor levels of health and education are likely to experience A. easy access to financial backing from banks B. high levels of foreign direct investment C. rapid growth in household incomes D. low rates of growth in real GDP per capita
Developing countries with low saving rates and poor levels of health and education are likely to experience low rates of growth in real GDP per capita.
What are the ways that developing nations are dependent on developed nations?The group of nations that make up the third world includes these ones. Also called less developed nations, they are. The developed nations are a source of assistance for developing nations as they set up enterprises nationwide.
What rewards come from making investments in emerging nations?Investors should anticipate better returns from overseas investments in this category than from investments in developed nations due to the strong economic growth rates seen in developing countries and the increased related risk.
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The interpretation of research findings typically begins with _______.
The interpretation of research findings typically begins with tabulation.
The procedure or act of tally. The output of tabulating is a table that presents data in a condensed manner is known as tabulation. The process of reviewing data and drawing pertinent conclusions while utilizing a variety of analytical techniques is known as data interpretation. Researchers can categorize, manipulate, and summarize data with the aid of interpretation in order to find answers to important questions. Drawing conclusions from the data gathered after an analytical or experimental investigation is known as interpretation. In actuality, it is an investigation into the deeper significance of research findings. Drawing conclusions from the facts gathered and the calculated statistics or test statistics is the act of interpreting research findings. The effort to establish research continuity by connecting the findings of a given study with those of other studies is one of the two main aspects of the task of interpretation.
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If you are selling a shirt for $20 and your total costs were $10, your markup in dollars is $10. What is the markup percentage ?
Which of the following is not one of the three basic questions of economics when looking at economic systems?
a. For whom to produce?
b. How to produce?
c. What to produce?
d. What happens when you add to or subtract from a current situation?
Correct answer will be option D. What happens when you add to or subtract from a current situation is not one of the three basic questions of economics when looking at economic systems.
Any system for allocating scarce resources is referred to as an economic system. Economic systems provide answers to three fundamental questions: what will produced, how it will be produced, and how the output civilization produces will be distributed. There are two approaches to answering these questions. The government makes decisions about resource allocation as well as production and consumption allocation in command economies. Ownership of resources is established through property rights in market economies, and all factors of consumption and production are coordinated through markets. In a market economy, resources are assigned to their most productive use based on market prices. These prices serve as a guide for both buyers and sellers.
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What is a Accenture plans to achieve its sustainability goals Brainly?.
On its part, Julie Sweet said, Accenture has decided to achieve net zero emissions by the year 2025. “We will reuse or recycle all our e-waste and ensure reduction in water usage,” she said. “We see commitment from companies to make their businesses
About AccentureAccenturel is a multinational professional services provider based in Ireland. Listed on the Fortune Global 500 list, the company recorded revenues of $43.2 billion in 2019 and employs 492,000 people, to serve clients in more than 120 countries. In 2015, the company employed around 150,000 people in India,48,000 people in the United States,and 50,000 people in the Philippines. Accenture's current clients include 91 Fortune Global 100 companies, as well as more than three-quarters of the Fortune Global 500 companies.
On July 11 2019, Accenture officially appointed Julie Sweet as the new CEO. He also took office on September 1, 2019.
This company was registered as a legal entity in Dublin, Ireland in 2009.
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Aaron Corporation, which ha only one product, ha provided the following data concerning it mot recent month of operation:
Selling price $ 90
Unit in beginning inventory 0
Unit produced 3,400
Unit old 3,000
Unit in ending inventory 400
Variable cot per unit:
Direct material $ 21
Direct labor $ 38
Variable manufacturing overhead $ 6
Variable elling and adminitrative expene $ 4
Fixed cot:
Fixed manufacturing overhead $ 54,400
Fixed elling and adminitrative expene $ 3,000
The total gro margin for the month under the aborption coting approach i:
$63,000
$12,000
$27,000
$59,400
The only-one-product Aaron Corporation has submitted the information below regarding perhaps the most recent time of activities. From the given data, the total gross margin received is $27,000.
What do you mean by gross margin?
Gross margin is the difference between the total sales revenue and the cost of goods sold. It is used to measure how much money is left over after all expenses associated with producing a product or providing a service have been taken into account. Gross margin is expressed as a percentage and can be calculated by dividing the gross profit by the total sales revenue. A higher gross margin indicates that a company is more efficient at controlling its costs and is more likely to be profitable. It is important for businesses to monitor their gross margin over time to ensure that their operations remain profitable and efficient.
Gross margin = sales less cost of goods sold.
Gross margin = 270 000 - (3000 * 81)
Margin of profit = $27,000
So, The required answer is $27,000.
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A personal assessment can point a person in the direction of a particular career cluster. What best describes a career cluster?
a group of careers that start with the same letter
careers located in the same building
careers available at a specific company
a group of related careers
Career clusters are collections of similar job categories. They provide you with a simple approach to investigate several job types under a single broad category. Hence option D is correct .
What is cluster career ?Career clusters are collections of similar job categories. They provide you with a simple approach to investigate several job types under a single broad category. Start with one of the clusters, such as construction or health care, to understand what it entails, current trends, and the various vgit provides.
Here are a few examples of career clusters: Arts, Audio/Video Technology, and Communication; Law, Public Safety, Corrections, and Security; Agriculture, Food, and Natural Resources; and Health Science. All of these names should be fairly self-explanatory.
Agriculture commodities and resources, such as food, fibre, wood products, natural resources, horticulture, and other plant and animal goods/resources, are produced, processed, marketed, distributed, funded, and developed.
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which of these operations and supply chain management career paths works closely with manufacturing, marketing, and purchasing to create timely, cost-effective import/export supply chains?
International logistics manager manages operations and supply chain management career paths works closely with manufacturing, marketing, and purchasing to create timely, cost-effective import/export supply chains.
What is logistics manager?Logistics managers are professionals in the supply chain who are in charge of activities like shipping and purchasing. They employ their talents to coordinate crucial business activities because they are good negotiators, planners, and problem-solvers. Logistics is a great career choice since there are so many new, well-paying jobs emerging in the market, and there is so much room for expansion. You can discover good careers in logistics, and you'll also have a tonne of stability because this is a lucrative and secure industry to work in.
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According to Jeffrey Harper, why is market research important?
A Without research data to base decisions on, marketers are just guessing
B By researching, people know marketers care about them
C Data generated by research can be sold to make extra money
D Research is fun, easy and cheap so even if nothing is learned, the experience is good
Answer: The correct answer is A i.e. Without research data to base decisions on , marketers are just guessing .
Explanation: Market research involves gathering data to learn more about target demographics and consumers so a business can market itself more effectively and, ultimately, succeed in the market.
Harper is an assistant professor of practice in the area of marketing & supply chain. According to him research plays a very important role , without doing proper or required research marketers are just assuming which might prove to be very dangerous in future .
how does feedback help in decision making
Answer:
Feedback increases the identification of stakeholders with the organization and the acceptance of decisions. The more personalized it is the better. This effect should be of interest for each and every decision maker.
ceteris paribus, a decrease in the demand for loans
A. drives the interest rate down.
B. drives the interest rate up.
C. might not have any effect on interest rates.
D. results from an increase in business prospects and a decrease in the level of savings. E. results from an increase in business prospects and a increase in the level of savings
Ceteris paribus is Latin for "everything else being equal." It indicates the effect one economic variable has on another, assuming all other variables remain the same.
All other factors are held constant (ceteris paribus). If the price of Coca-Cola drops, for instance, its demand will rise to assume all else remains constant. The phrase "ceteris paribus" means "other things being equal” or “other things being ignored”.
It is a key assumption in mainstream economics, indicating the effect of one economic variable on another if all other variables are constant (constant). We account for other variables when we say one variable influences another, ceteris paribus.
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The right way of asking this question is:
Ceteris Paribus, a decrease in the demand for loans
A. drives the interest rate down.
B. drives the interest rate up.
C. might not have any effect on interest rates.
D. results from an increase in business prospects and a decrease in the level of savings.
E. results from an increase in business prospects and an increase in the level of savings.
new managers often think that they will have ____ to do what they think is best for the organization.
New managers frequently believe they will face challenges in doing what they believe is best for the company.
It assists in achieving group objectives by setting up the production elements, assembling and arranging the resources, and integrating the resources efficiently. It focuses group efforts on achieving predetermined objectives.
Setting an organization's strategy and managing employee (or volunteer) efforts to achieve goals through the use of available resources, such as financial, natural, technological, and human resources, are included in management. A CEO is a key position charged with making important choices, securing resources to support the business, and implementing structural and operational changes that have a direct impact on organizational growth.
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Correct Question:
New managers often think that they will have ____ to do what they think is best for the organization.
1. to overcome obstacles
2. greater freedom
3. to get approval
Write 9.58 times 10^(2) in standard notation. pls help!
its math btw
What else is free enterprise called?.
A free enterprise economy is also known as a laissez-faire economy which is free of government regulations.
Laissez-faire is a free market and capitalist economic doctrine that opposes government interference. According to the laissez-faire economics doctrine, the government should only interfere in the economy to uphold citizens' unalienable rights. In other words, let the market decide what it wants to do. The production of goods and services will be effectively directed by the rules of supply and demand if left unchecked. This kind of economic structure prohibits all forms of economic interventionism in transactions involving private groups of people.
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A college student plans to take out a $6,000 loan to cover the cost of purchasing a used car. the loan has a 6% annual interest rate compounded continuously, with no payments due for the first two years. determine the balance due at the end of the first two years.
The remaining balance is $6,722.96. The calculation for the future value of a continuously compounding loan can be used to determine the amount payable after two years:
Where: FV = [tex]PV * e^(r*t)[/tex] and
The future value is FV (balance due)
the current value, or PV (initial loan amount)
The annual interest rate is r. (expressed as a decimal)
The time period is t. (in years)
In this instance
PV = $6,000 and r = 0.06 (representing 6% in decimal form).
t = 2
We obtain the following calculation by entering these values: FV = $6,000 * e(0.06*2)
FV =[tex]$6,000 * e^0.12 FV[/tex] ≈ $6,722.96
The remaining balance is $6,722.96 at the end of the first two years.
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when an economy sets minimum wage laws, which social and economic goal are they trying to achieve?
When an economy sets a minimum wage, they are aiming to ensure that workers are paid a fair and livable wage for the work they do.
This helps to reduce poverty, inequality, and the risk of exploitation in the workplace. Additionally, minimum wages can support a more vibrant consumer economy, as those with higher wages are more likely to have money available to spend.
Minimum wages can also help to ensure a more stable labor market, as employers are more likely to retain their employees when wages are at a livable rate.
Ultimately, the goal of setting a minimum wage is to ensure workers are treated fairly and compensated appropriately for their work.
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