The missing amounts are a) $79,000, b) $22,000, c) $51,000, d) $15,000 and e) $6,000.
What is basic accounting?
The theory used in this question is the basic accounting equation which states that Assets = Liabilities + Equity.
This equation can be used to determine the missing amounts in the summaries of Greene's Goods and Solar Enterprises.
Step 1: Start with the beginning of year data for Greene's Goods. We know that the Total Assets = $110,000, Total Liabilities = $85,000 and that the Total Owner's Equity is missing. We can use the basic accounting equation to solve for Total Owner's Equity.
Assets = Liabilities + Equity
110,000 = 85,000 + Equity
Equity = 25,000
Step 2: Now look at the ending of year data for Solar Enterprises. We know that the Total Assets = $180,000, Total Liabilities = $50,000 and that the Total Owner's Equity is missing. We can use the basic accounting equation to solve for Total Owner's Equity.
Assets = Liabilities + Equity
180,000 = 50,000 + Equity
Equity = 130,000
Step 3: Lastly, look at the changes in owner's equity for each proprietorship. For Greene's Goods, we know that Additional Investment = $7,000 and Drawings = $37,000. We can use the basic accounting equation to solve for the missing amount.
Change in Equity = Additional Investment + Drawings
Change in Equity = 7000 + 37000
Change in Equity = $44,000
For Solar Enterprises, we know that Additional Investment
= $25,000 and Drawings = $15,000.
We can use the basic accounting equation to solve for the missing amount.
Change in Equity = Additional Investment + Drawings
Change in Equity = 25000 + 15000
Change in Equity = $40,000
Therefore, the missing amounts are:
a) $79,000
b) $22,000
c) $51,000
d) $15,000
e) $6,000
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What is brand in advertising?.
A brand in advertising is how a comp-any differ-entiates itself from its peer bra-nds. A brand can be thou-ght of as the personality of the comp-any, communicated through an iden-tifying mark, logo, name, tag-line, voice, and tone.
What do you mean by Brand?The term brand refers to a busi-ness and market-ing concept that helps people ident-ify a particular comp-any, product, or individual. Brands are in-tangible, which means you can't act-ually touch or see them. As such, they help shape peo-ple's perceptions of comp-anies, their products, or indivi-duals. Brands com-monly use identi-fying markers to help create brand identities with-in the market-place.
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"sun joe spx2680-max electric pressure washer, 13-amp, 2050 psi max, 1.2 gpm max" is this item worth buying? how does the company sell?
The axial cam pump of the Sun Joe SPX2680-MAX can deliver a flow of up to 1.2 GPM and a pressure of up to 2050 PSI when it is driven by a 13 amp universal motor (according to CSA testing standards).
Specifications of spx2680-max electric pressure washer:Since the SPX2680-MAX is such an electric pressure washer, starting the motor is as easy as flipping an ON/OFF switch. The item comes with a 35-foot GFCI wire, making it safe to use right away.
GENERAL FEATURES
As described below, this Sun Joe SPX2680-MAX includes a sprayer, a wand, high pressure hose, three nozzles, and a detergent adding feature.
Addition of soap: Attach the provided foam cannon toward the end of both the wand to add detergent to the fluid at the exit.Pressure hose: A set of handy hooks makes it easy to neatly store the 20-foot high-pressure hose that is included.Spray gun and wand: You can easily store the traditional, ergonomic spray gun but also its wand in a side hook.Nozzles: The table below lists the three provided nozzles along with the various surfaces that each one is suitable for.To know more about the electric pressure washer, here
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Which business is best for profit?
Answer:
Explanation:
1.Business Consulting. If you're an expert in your industry and have been working at it for years, you should consider consulting. ...
2.IT Support, Technology Consulting, and Repair. ...
3.Cleaning Services. ...
4.Accounting and Tax Preparation. ...
5.Auto Repair. ...
6.Real Estate.
Is an economic system in which property is owned by the government and allocated to all citizens not only those with the money to afford it?.
Communism, also known as a command system, is an economic system where the government owns most of the factors of production and decides the allocation of resources and what products and services will be provided.
History of the communist economic systemKarl Marx and Friedrich Engels are two people who played a role in the communist economic system. Karl Marx developed a communist economic system in 1800.
He believed that the only way to form a harmonious society was to establish control over the economic system.
The economic goal of communism is to eliminate all differences between classes and realize the means of production that are carried out together.
The main goal is to abolish the capitalist system, where the economic system is controlled by the owners of productive capital.
Karl Marx did not want a capitalist economy because the proletariat was treated unfairly, allowing the bourgeoisie to hold power in a disproportionate way.
Therefore, Karl Marx thought that if the distribution was held by the state and distributed equally, then the workers' paradise would be achieved.
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Han make parkling juice by mixing 1. 5 liter of juice and 500 milloliter of parkling water
Using mathematical operations we know that the sparkling water is of 2 liters.
What are mathematical operations?
The process of calculating a value using operands and a math operator is known as a mathematical "operation."
The provided operands or integers must follow certain established rules that are associated with the math operator's symbol.
symbols for basic mathematical operations A succession of numbers and processes make form a mathematical expression.
In order to solve mathematical expressions, the following processes are used: parentheses, exponents, multiplication, division, addition, and subtraction.
The order in which each expression should be abbreviated is important.
So, we know that:
1 litle = 1000 mililiters
Then,
Sparkling water = 1.5 liters + 0.5 liters
Sparkling water = 2 liters
Therefore, using mathematical operations we know that the sparkling water is of 2 liters.
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Complete question:
Han makes sparkling juice by mixing 1. 5 liter of juice and 500 milliliters of sparkling water. What are the total liters of sparkling Juice?
An information system that ________ is typical for a business that uses a differentiation strategy.
An information system that eliminates the primary value chain is typical for a business that uses a differentiation strategy.
Businesses that employ a differentiation strategy often rely on an information system that can effectively eliminate the primary value chain. This information system allows businesses to create unique products and services that set them apart from their competitors, helping them to gain an edge in the market.
By understanding and utilizing the value chain, businesses are able to identify opportunities to add value to their products and services, giving them the potential to increase their profits.
The information system also helps businesses to create cost efficiencies and reduce waste, leading to increased efficiency and productivity. By taking advantage of the primary value chain, companies can gain a competitive edge in their industry.
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Which of the following is an example of economic regulation?
a. regulation of derivative trading
b. antitrust laws
c. all of the above
Which of these topics is not of especial interest to a financial manager?
1. Debt
2. Working capital management
3. Capital structure
4. Capital budgeting
Answer: Product Development
Explanation:
Why does comparison shopping lead to better buying decisions?.
Price comparison shopping helps consumers identify which item to buy and where to get it, but price isn't the end-all, be-all of shopping.
About Comparison ShoppingComparison shopping is a way that is done before a transaction, namely by making a comparison of options. This is very important to do either personally or corporately.
For individuals, this process is often found in shops and sellers by comparing benefits, prices, quality, promotions, etc.
In a business or corporate environment. This comparison shopping has a formal procedure in which bids are submitted with healthy competition between sellers.
Now there are also search engines that can perform price comparison functions thanks to technological sophistication. online shops and other online businesses are contributing to this progress.
The offers displayed are real-time prices according to the posts on each product. This greatly facilitates this comparison shopping.
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What does the term multi party systems refer Accenture's multi party systems practice?.
Multiparty systems creates a shared data infrastructure between an individual and an organization that drives efficiency and creates a new business and revenue models. they include blockchain, distributed ledger, distributed database, tokenization and a variety of other technologies and capabilities.
About multi party systemA simple multiparty systemThis is a party system with more than two parties but not too many parties that live and take part in elections. In a simple multi-party system, it is expected that only five parties will participate in the election because with five parties, respect for freedom of expression can work well.
A simple multiparty system assumes that existing parties can represent particular interests, classes and classes in society. In a simple multi-party system, competition runs more dynamically but focuses only on a limited number of parties, so as not to confuse the public.
Extreme Multiparty SystemAn extreme multiparty system is a party system with a large number of parties. The formation of political parties is not limited. The conditions for the participation of political parties in elections are not strict. One of the consequences of implementing an extreme multiparty system is the low level of institutionalization of the party system. As a result, the symptoms of internal party divisions are very strong.
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Seventeenth-century economic theory that held that the prosperity of a nation depended on a large supply of gold and silver
a. Columbian exchange
b. Mercantilism
c. Middle passage
Out of the choices given, it may be brought into conclusion that the economic theory of mercantilism was the one that had held prosperity of a nation which depended on a large supply of gold and silver, especially during the seventeenth century. Therefore, the option B holds true.
A lot of economic theories have been able to dominate and stay relevant during different economic periods that have existed. Moreover, the theories have also evolved as per the changing needs and requirements of the ever-increasing scope of operations. However, the theory of mercantilism stayed relevant in the world during the seventeenth century, as the supply of gold and silver was a need of a nation to prosper.
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Competition in the 21st century is no longer between companies; it is between:
a. supply chains
b. technologies
c. countries
d. individuals
Correct answer is option A. Competition in the 21st century is no longer between companies; it is between supply chains.
The leadership of the flow of products and services is known as supply chain management, and it encompasses all procedures that transform finished products from raw materials. It entails actively streamlining a company's supply-side activities in order to enhance customer value and gain a competitive advantage on the market. Supply chain administration (SCM) is the greater control of the flow of goods and services, and it encompasses all processes that convert raw materials into finished goods. Companies can reduce costs as well as deliver products to customers faster and more efficiently by managing the supply chain. Good management of supply chains keeps businesses out of the news and away from costly recalls and lawsuits.
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economists are particularly adept at understanding that people respond to
incentives. Incentives are at the core of almost all economic theories, rules, and regulations.
What are people said to react to, according to economists?The rationale given by economists is that they think incentives are easily taken advantage of. In this case, incentives drew attention to the item's or product's cost. Economic theory holds that pricing of goods and services provide signals to buyers and sellers, and that people respond to incentives.
Which assumptions about individuals do economists make?The underlying tenet of classical economics is that consumption and investment by individuals and businesses will propel economic expansion. Neo-classical economics believe that when people invest in or make purchases in the economy, they do it in a reasonable manner.
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Businesses that structure their value chain around activities that enhance the features and functions of their products are using a cost leadership strategy. Group of answer choices True False
The statement that ''Businesses that structure their value chain around activities that enhance the features and functions of their products are using a cost leadership strategy'' is false.
Cost leadership is a business strategy where companies focus on reducing costs and providing products or services at the lowest prices in the industry.
This strategy helps businesses increase their market share and gain a competitive advantage by providing the lowest prices. Businesses that structure their value chain around activities that enhance the features and functions of their products are able to reduce their costs and increase the value of their products.
By reducing costs, businesses can offer products and services at a lower price than their competitors, which will help them attract more customers.
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in what ways can a domestic corporation enter the international market?
Selling on marketplaces online , providing direct sales via e-commerce. selling through a third party that exports to the target market are ways to enter the international market.
How can you get started in international business?Exporting, licensing, partnering, acquiring, and greenfield ventures are the five most common methods of entering international markets. There are distinct benefits and drawbacks to each of these entry methods.
How can a company most easily enter a foreign market?Exporting is the simplest method for entering a foreign market. The business can decide to actively export its surpluses or to commit to expanding exports to a specific market. In either case, the company manufactures all of its products domestically, though it may modify them for export.
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a method for managing pollution in which a limit is placed on emissions and businesses or countries can by and sell emissions allowances
The correct response would be Cap and trade, It is a strategy that uses market forces to limit emissions efficiently and cost-effectively.
Emission trading, often known as "cap and trade," is a low-cost method of lowering greenhouse gas emissions. A government puts a cap on the maximum level of emissions and creates permits, or allowances, for each unit of emissions allowed under the cap to incentivize corporations to lower their emissions.
For each unit of emissions, emitting companies must obtain and submit a permit. They can get permits from the government or trade with other businesses. The government may opt to give away the permits for free or auction them off.
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Danielle wants to live in a country where she is free to start a business in a field of her choice and pay minimal taxes. (Click to select)
As Danielle wants to live in a country where she is free to start a business in a field of her choice and pay minimal taxes, the best economic system for her would be capitalism. Option A.
Capitalism is the most suitable economic system for Danielle as it allows her to start a business in a field of her choice with minimal taxes.
Capitalism is based on the idea of free markets and competition where individuals and businesses can freely buy and sell goods and services. This system encourages innovation, creativity, and risk-taking which is beneficial for people looking to create their own businesses.
It also ensures that taxes are kept to a minimum, as businesses compete against each other, the government is less likely to raise taxes or implement costly regulations.
This makes capitalism an ideal system for entrepreneurs like Danielle who want to live in a country with minimal taxation and access to plenty of business opportunities.
Additionally, capitalism allows for a high degree of personal freedom. People are allowed to make their own decisions and pursue their own interests without being restricted by the government.
Although a part of your question is missing, you might be referring to this question:
Each person listed below is looking for a particular set of circumstances they would prefer to live under. For each person, select the economic system that would best meet their needs.
Danielle wants to live in a country where she is free to start a business in a field of her choice and pay minimal taxes. (Click to select)
A) Capitalism
B) Socialism
C) Communism
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What is the concept of economic resources?.
Answer:
Economic resources are the inputs we use to produce and distribute goods and services. The precise proportion of each factor of production will vary from product to product and from service to service, and the goal is to make the most effective use of the resources that maximizes output at the least possible cost.
One value of uing ______ material i that they are uually well-recognized, which may help to boot ale
The answer is Trademark. One value of using Trademark material is that they are usually well-recognized, which may help to boost sales.
Another benefit of using Trademark is that they can help you build your brand. This can be useful if the brand is well-known and people know about it. Additionally, it can help increase the likelihood that someone will buy from you because they know your brand and the products it relates to.
Trademarks can help increase sales by helping you build a strong, recognizable brand. This can help customers use your product or service with confidence and can lead to increased profits for your business.
Question:
One value of using _____ material is that they are usually well-recognized, which may help to boost sales.
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How do you think the study of economics can help you become a better decision maker?.
Answer:
ans is in below:
Explanation:
More broadly, an economics degree helps prepare you for careers that require numerical, analytical and problem solving skills – for example in business planning, marketing, research and management. Economics helps you to think strategically and make decisions to optimise the outcome.
What is meant by opportunity cost Mcq?.
The internal audit function reports to the CFO or ______ and the ________________.
The internal audit function reports to the CFO or CEO and the Audit Committee of Board of Directors.
In business, Internal auditing generally can be defined as an objective assurance , independent, and consulting activity designed to add value and improve an organization's operations or also company's operations. Through the business of an organizations, internal audit has a function for Evaluate the adequacy of the system of internal controls and also Recommend improvements in controls. Beside that, there are several types of internal audit, such as compliance audits, operational audits, financial audits, and an information technology audits.
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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? a) analyst b) logistics & material planner c) sourcing mgr d) intl logistics mgr
Operations management, supply management, logistics, and channel management are all included in supply-chain management. The best choice is b.
It directs the group's efforts toward achieving particular, prioritised objectives. "Management" is the process of collaborating with and working through people to successfully accomplish organisational goals while making efficient use of limited resources in a dynamic environment. These essential competencies are now part of four widely acknowledged management functions, which Henri Fayol originally referred to as the Five Elements. Control is defined as the way something is handled, the care that is taken, the capacity to supervise, or the obligation to an organisation or group. How someone manages their personal finances is an illustration of control. An illustration of management is the concern for handling delicate items.
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Which of the following is a characteristic of communist economies in reality?
high standards of living
low prices
absence of corruption
excessive freedom
critical shortages of consumer goods
critical shortages of consumer goods is a characteristic of communist economies in reality.
What is a communism?
In a communist economic system, the group controls the means of production. The four main production factors are labor, enterprise, capital, and land. The central planners direct the populace as to where they should work, despite the fact that the government does not technically own the labor force.
Despite the fact that the two ideologies differ significantly, communism and socialism are frequently used to contrast and compare capitalism.
Power structures in communist systems are centralized, which has both and drawbacks.
China, Cuba, Laos, North Korea, and Vietnam are the final five remaining communist nations, albeit their political systems are currently undergoing major changes.
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Which of the following best define Economics as a study?
a. How society manages its scarce resources.
b. How to run a business most profitably.
c. How to predict inflation, unemployment, and stock prices.
d. How the government can stop the harm from unchecked self-interest
The following which best defines economics as a study is how society manages its scarce resources. Option a is the correct answer.
Every resource is limited. For instance, even the richest individual or company in the world only has a finite amount of cash. Everyone has a limited amount of time since, whatever your wealth, you cannot add more hours to the day or more months to the year. Everything you can imagine, even the air we breathe, is finite, including food and resources.
Economics focuses on how individuals and organizations allocate resources to maximize their advantages. Demand will always outweigh supply, thus decisions must take benefits and drawbacks into account. At this point, the concept of opportunity costs is essential.
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which form determines how much federal income tax is withheld from your paycheck?
Complete Form W-4 to help your employer withhold the correct federal income tax from your paycheck. Consider completing a new Form W-4 each year and each time your personal or financial circumstances change.
When you get a new job, your employer will ask you to complete Form W-4, the employee's tax withholding certificate. How you fill out this form determines how much tax your employer will deduct from your paycheck. Your employer will send the money deducted from your paycheck to the Internal Revenue Service (IRS) along with your name and social security number for reference.
Withholding tax is deducted against your annual income tax bill, which you calculate when you file your tax return in April. The employee completes the W-4 form to notify the employer of the amount of tax to be withheld from payroll based on filing status, dependents, expected tax credits, and deductions.
Any errors in completing the form may result in tax charges when you file your tax return. The IRS has simplified his form for 2020.
An employee can change her tax withholding at any time by submitting her new W-4 to her employer. Each new employer requires a new her W-4 to be completed.
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T/F the unemployment rate includes marginally attached workers and underemployed workers.
The unemployment rate includes marginally attached workers and underemployed workers. This is a true statement.
What does unemployment rate actually mean?A person's percentage of the labor force who is jobless is known as the unemployment rate. Thus, recognizing the labor force is required in order to calculate the unemployment rate. All employed and persons are a part of the labor force.
Why is unemployment a problem?Unemployment is cyclical when there is little consumer demand. When demand declines, businesses suffer too many losses. Employees must be let go if the company doesn't anticipate a quick increase in sales. It is cyclical because the increasing unemployment leads to a further decline in consumer demand.
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What is the basis for trade: absolute or comparative advantage? How can an individual or country gain from specialization and trade?
The basis for trade is comparative advantage. Comparative advantage is an economic concept that refers to the ability of an individual, firm, or country to produce a good or service at a lower opportunity cost than others.
It states that even if one country is less efficient than another in producing all goods, it still can benefit from trade if it has a lower opportunity cost in producing certain goods.
Specialization and trade allow an individual or country to gain by focusing on the production of goods and services that they have a comparative advantage in and then trade for the goods and services they have a comparative disadvantage.
This allows them to produce and consume more than they would be able to otherwise because they can produce more of what they are best at and trade for other goods and services.
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Examines the entire economy of a state, a country, or even the world, So it examines total output, the price level, and other aggregate measures of the economy.
Macroeconomics examines the entire economy of a state, a country, or even the world, so it examines total output, the price level, and other aggregate measures of the economy.
Macroeconomics is a branch of economics which looks at the overall performance of an economy on a large scale.
It takes into account various measures such as total output, the price level, and other aggregate indicators to determine the health of the economy.
By studying these economic indicators, economists can create economic policies and models that can help shape and manage the economy for the better.
Macroeconomics is an important tool for policymakers, business owners, and investors, as it provides insight into the economy and its current state.
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How does a high unemployment rate affect the economy a high?.
If the unemployment is high, then it will leads the huge effect in the economy.
The term unemployment is defined as the individuals who do not have a job are considered unemployed and it will also includes not having either a part-time, full-time or independent contractor position.
Here we have given that we need to find the effects when high unemployment rate on economy.
As we all know that the high unemployment rate affects the economy in many ways.
Where as the unemployed people tend to spend less, may accrue more debt, and unemployment may lead to higher payments from state and federal governments for things like food stamps.
On the other hand they do not have any other source of income often rely on their savings or borrowed money to fund essential costs such as food and living expenses.
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