Answer:
An accounting system is the system used to manage the income, expenses, and other financial activities of a business
Answer:
An accounting system is a structured and organized set of processes, procedures, and software designed to record, analyze, and report financial transactions and information of an organization.
Explanation: An accounting system is a framework that enables businesses and organizations to track and manage their financial activities. It encompasses various components such as financial records, journals, ledgers, charts of accounts, and accounting software. The accounting system helps in recording transactions, summarizing financial data, generating financial statements, and providing insights into the financial health and performance of the entity.
By implementing an accounting system, businesses can ensure the accuracy, reliability, and transparency of their financial information. It facilitates the tracking of revenues, expenses, assets, liabilities, and equity, allowing for effective financial management, decision-making, and compliance with legal and regulatory requirements. The accounting system serves as a vital tool for monitoring cash flow, analyzing profitability, budgeting, tax planning, and facilitating audits or financial reviews.
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In the AFI strategy framework, strategy analysis primarily involves Group of answer choices evaluating the effects of internal resources and core competencies on a firm's potential to gain and sustain a competitive advantage. organizing a firm in order to effectively put the formulated strategy into practice. designing a business, corporate, and global strategy to gain and sustain a competitive advantage. deciding the type of corporate governance that would be most effective in the implementation of a strategy.
Answer:
evaluating the effects of internal resources and core competencies on a firm's potential to gain and sustain a competitive advantage.
Explanation:
AFI stands for the three stages of strategy in order to better the current position of business in market and gain the competitive advantage.
A = Analyse the current capabilities and weaknesses in internal resources and programmes.
F = Formulate a strategy to overcome the weaknesses and achieve the better opportunities by enhancing the effective use of capabilities.
I = Implement the strategy formulated in order to perform better in the market and gain the competitive advantage, in order to gain maximum profit from the business.
What is a third party check? (bank type of check)
2. What is the relationship between the timing of your goals and the type
of good or service that you
want?
Answer:
There will be a positive relationship between the timing of goals and wants for commodities.
Explanation:
The timing of the goal is the most important thing when it is seen with the commodity that a person wants. For instance, if a person wants their own a house to live with their partner then the timing would be to set a goal to buy the house before marriage because after having marriage and kids, the goal to buy the house may be delayed. Thus, to achieve success in a goal a person must be in the constraint of time. Moreover, if a person has small wants then he should fix the time to get their goal in a short time period or vice versa. So there will be a positive relationship between the timing of goals and wants for commodities. Additionally, the goals of students will be different from the person who is married and have kids.
Item 8 In a movie's opening weekend, 879,575 tickets are sold in 755 theaters. The average cost of a ticket is $9.50. What is the average amount of money earned by each theater?
Answer:
the average amount of money is 1,165
Explanation:
The computation of the average amount of money i.e. earned by each theater is shown below:
= Total number of tickets sold ÷ number of theaters
where,
The Total number of tickets sold is 879,575
And, the number of theaters is 755
Now place these values to the above formula
So, the average amount of money is
= $879,575 ÷ 755
= 1,165
hence, the average amount of money is 1,165
The type of work you do to earn a living is called A. Occupation B. Skills C. Identity B. Dignity
Answer:
occupation
Explanation:
On july 1, trudata company issues 10,000 shares of its common stock with a $5 par value and a $40 fair value in exchange for all of webstat company's outstanding voting shares. Webstat's precombination book and fair values are shown below along with book values for trudata's accounts. Trudata webstat webstat book values book values fair values revenues (1/1 to 7/1) $ (250,000 ) $ (130,000 ) expenses (1/1 to 7/1) 170,000 80,000 retained earnings, 1/1 (130,000 ) (150,000 ) cash and receivables 140,000 60,000 $ 60,000 inventory 190,000 145,000 175,000 patented technology (net) 230,000 180,000 200,000 land 400,000 200,000 225,000 buildings and equipment (net) 100,000 75,000 75,000 liabilities (540,000 ) (360,000 ) (350,000 ) common stock (300,000 ) (70,000 ) additional paid-in capital (10,000 ) (30,000 ) on its acquisition-date consolidated balance sheet, what amount should trudata report as goodwill
Answer:
$15,000
Explanation:
Calculation for the amount that should be report as goodwill
Fair Market Value of common stock issued for acquisition $400,000
(10,000 shares×$40 fair value)
Less Fair Market Value of Net Assets of Web $385,000
(ASSETS: Cash and receivables $60,000+ Inventory $175,000 +Patented technology (net) $200,000+ Land $225,000+Buildings and equipment (net)$ 75,000 - LIABILITIES $350,000)
GOODWILL $15,000
($400,000-$385,000)
Therefore the amount that should be report as goodwill will be $15,000
What provides a visual path for the eye to follow, creating mor on in the design?
Answer:
line
Explanation:
Which of the following has the power to enact legally binding ground rules?
A) Global Sullivan Principles.
B) World Trade Organization.
C) Global Sullivan Organization.
D) Federal Trade Commission.
E) Global Commerce Association.
Answer:
B. World Trade Organization
Explanation:
World Trade Organization has the power to enact legally binding ground rules.
The World Trade Organization is an international organization made up of 164 member countries across the world. WTO deals with the rules of trade between nations.
The goal of the World Trade Organization is to ensure that trade flows as smoothly among nations of the world.
World Trade Organization is responsible for solving trade disputes among nations. They also negotiate trade agreement between nations
The escrow officer is a neutral third party who alternately represents both the buyer and seller in:_____.
Answer: a limited agency capacity.
Explanation: An escrow officer or personnel is usually a third party who represents both the interests of the buyer and seller in a business transaction. The escrow acts in a limited agent capacity in the sense that the funds from the buyer is released to the escrow once the buyers confirms satisfaction with service rendered by the seller the escrow releases the funds to the seller.
What is the difference between human capital and capital goods?
Answer:
Capital goods are different from financial capital, which refers to the funds that companies use to grow their businesses. Natural resources not modified by human hands are not considered capital goods, although both are factors of production. ... That means capital goods do not directly create revenue like consumer goods. Physical capital implies the non-human assets of the company, such as plant and machinery, tools and equipment, office supplies etc. that help in the process of production. Human capital refers to stock of knowledge, talent, skills and abilities brought in by the employee, to the organization. Human capital is the economic value of the abilities and qualities of labor that influence productivity. These qualities include higher education, technical or on-the-job training, health, and values such as punctuality. Investment in these qualities improves the abilities of the labor force.
The scientific approach to management emerged in the early 20th century when companies wished to increase worker productivity to counteract _____.
a) high inflation rates
b) more automated jobs
c) labor shortages
d) diminishing inventory levels
Answer:
c) labor shortages
Explanation:
In the early 20's when companies and various other organisations faced the problem of labor shortages, that is labor was less than the requirement the companies came up with the scientific approach to management.
Scientific management aims at efficiency and with that greater management of labor productivity.
The early practice of applying the science behind management was started with this, and the observed results were so emphasising, that the practice is followed even now.
You spend $5 on materials to make a scarf. You think you have added $10 of value, so you set the price at $15. Nobody buys the scarf at that price, so you lower the price to $12, and someone buys it. What is the value of the scarf?
Answer: 12
Explanation:
There is absolutely no good reason to not conduct market research.
True
False
Answer:
false? i think
Explanation:
There is absolutely no good reason to not conduct market research. This statement is false.
What is market (in economics)?Market is a means by which the exchange of goods and services takes place as a result of buyers and sellers being in contact with one another, either directly or through indirectly agents or institutions. Markets in the most literal and immediate sense are places in which things are bought and sold. In the modern industrial system, however, the market is not a place it has expanded to include the whole geographical area in which sellers compete with each other for customers.
Types of markets(1) perfect competition, (2) pure monopoly, (3) monopolistic competition, and (4) oligopoly.
Perfect competition market- In a perfectly competitive market, firms sell their products at prices determined solely by forces beyond their control. Because the products are very similar and each firm contributes only a small amount to the total quantity supplied by the industry, price is determined by supply and demand. A monopolistic market is a theoretical condition that describes a market where only one company may offer products and services to the public. A monopolistic market is the opposite of a perfectly competitive market, in which an infinite number of firms operate. Oligopoly market arises when a small number of large firms have all or most of the sales in an industry. Examples of oligopoly abound and include the auto industry, cable television, and commercial air travel.
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Closure is the property of an operation and a set that the performance of the operation on members of the set always yields a member of the ______.
Answer:
Set.
Explanation:
Closure property in algebra asserts that 'when an operation(multiplication, addition) takes place among the members of a set, the result produced would surely be a member of that same set.' For example, if we add or multiply two real numbers(members of the same set), the result would be a real number for sure(a member of the same set). It implies that 'real numbers are closed under multiplication and addition.' While if I subtract two real numbers, I may or may not get a real number. Thus, the real numbers are closed under subtraction.
Which statement best explains scholarships that cover the costs of an education? They require the use of savings. They need to be paid back later. They are often based on achievement. They require borrowing money from a bank.
Answer:
c. They are often based on achievement
Explanation:
Answer:
c
Explanation:
edge 2023
Milton Friedman argued that consumers are more likely to alter their behavior based on..
• changes in the unemployment rate.
• short-term changes in the economy.
• long-term changes in the economy.
• changes in the inflation rate.
Answer:
long-term changes in the economy
Explanation:
My daughter took the test and made 100
He asserted that consumers are likely to alter their behavior based on long-term changes in the economy.
Who is Milton Friedman?He is an American economist that is popular for his contributions in the realm of monetary economics.
He is one that the stated that because of a long-term changes in an economy, there is a possibility of alteration in the consumer's behavior.
Therefore, the Option C is correct.
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A ________ is a senior manager who oversees the use of IT in the firm.
A) CEO
B) CFO
C) CIO
D) CTO
E) CKO
Answer:
Ans is A
CEO is a senior manager
A CIO is a senior manager who oversees the use of IT in the firm.
What is an Information Technology firm?An IT Firm is a company that provides direct IT support, IT management, infrastructure services or physical and network/data security services to companies, known as an IT firm.
The core team of an IT support company, also known as an IT managed services provider, is made up of qualified his specialists. The team offers you professional direction and management on a variety of IT, including general computer systems and device networking, as well as electronic gear and software.
IT teams are made up of highly skilled specialists, and each member has their own distinctive talents and areas of specialization. Therefore, a good IT team is able to provide a wide range of IT support services that address all of your IT needs.
Services provided by IT support organizations like Gordian Networks fall into two categories:
resolving urgent IT issues
putting proactive steps in place to avoid future IT issues
Thus, the option C is correct
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(WILL GIVE 29 Points & Brainlest) PLEASE HELP!!!!!!!! ):
Why is it important to develop an idea of your potential career cluster now?
Answer:
Career Clusters have the knowledge and skills that learners need as they follow a pathway toward their career goals.
Clement Corp., a pharmaceutical manufacturer, licensed a drug patent to Global Corp. for royalties of 5% of drug sales. Royalties are payable twice yearly on April 15 for sales from July through December of the previous year and on October 15 for January – June same-year sales. In year 8, Global paid royalties of $20,000 and $25,000 on April 15 and October 15, respectively. In response to Global’s estimate of July – December sales of the drug, Clement correctly recognized $43,000 in royalty revenue in its financial statements dated December 31, year 8. What was Global’s sales estimate for the second half of year 8?
Answer:
Global's sales were 360,000 in their second half of year 8
Explanation:
In October 15th Made payments for 25,000
thus the sales from January to June generate 25,000 royalties.
As during Year 8 it recognize 43,000 income from royalties
July- December generated royalties for:
43,000 - 25,000 = 18,000
As this is 5% of the drug sales then:
18,000 / 0.05 = 360,000 sales revenue
Emann Systems is considering a project that has a cash flow as: (1,000), 450, 450, 450 for the years 0, 1, 2, 3 respectively. If WACC: 10 %, What is the project's MIRR?
Answer:
the project's MIRR is 14,20%.
Explanation:
The First Step is to Calculate the Terminal Value at end of year 3.
Terminal Value (FV) = Sum of (PV x (1 + r) ^ 3 - n)
= 450 x (1.10) ^ 2 + 450 x (1.10) ^ 1 + 450 x (1.10) ^ 0
= 544.50 + 495.00 + 450.00
= 1,489.50
The Next Step is to Calculate the MIRR using a Financial Calculator :
(1,000) CFj
0 CFj
0 CFj
1,489.50 CFj
Shift IRR/Yr 14,2037 %
Therefore, the MIRR is 14,20%.
What is the customer orientation of a company, and why is it important for a
business to be customer-focused? Give an example of a real organization to
substantiate your answer.
When the government attempts to improve equality in an economy the result is often?
Answer:
a reduction in efficiency
Explanation:
The term "economy" was coined from Greek, meaning 'the one manages a household.' Economy primarily deals with the concept of scarcity. An item is considered as a scarce in the society when all in that society cannot posses or have all of that they want of the item.
And efficiency means the society is getting most of it from the scarce item in the market. The government policies are designed to tradeoff between the equity and efficiency. The government always attempts to increase the equality and to decrease the efficiency in an economy.
Which of the following is NOT an example of a metric
?
Answer:
can you tell me what the choices are and I'll answer in the comments
Explanation:
floor gang aooh sub to pewdiepie
who can answer this?
1) explain how an unhealthy lifestyle puts people at a much higher risk if heart attack
2) what is the role or your digestive system?
3) what does the secretary system to and which organs are involved ?
4) what us dissection? why is it important in science.
5)what do blood cells do and why is there job so important?
6) how are arteries, veins and capillaries different? explain briefly in own sentences :) thanks
1. The risk for heart disease can increase even more when heredity combines with unhealthy lifestyle choices, such as smoking cigarettes and eating an unhealthy diet. Eating a diet high in saturated fats, trans fat, and cholesterol has been linked to heart disease and related conditions, such as atherosclerosis. Also, too much salt (sodium) in the diet can raise blood pressure. The 3 key rick factors that can cause a heart attack are high blood pressure, high cholesterol, and smoking.
2. The digestive system is responsible for taking whole foods and turning them into energy and nutrients to allow the body to function, grow, and repair itself.
3. The secretory pathway refers to the endoplasmic reticulum, Golgi apparatus and the vesicles that travel in between them as well as the cell membrane and lysosomes. It's named 'secretory' for being the pathway by which the cell secretes proteins into the extracellular environment.
4. Dissection is the dismembering of the body of a deceased animal or plant to study its anatomical structure. Helps students learn about the internal structures of animals. It helps people learn how the tissues and organs are interrelated, and gives them an appreciation of the complexity of organisms in a hands-on learning environment.
5. Red blood cells carry oxygen from our lungs to the rest of our bodies. Then they make the return trip, taking carbon dioxide back to our lungs to be exhaled.
6. Arteries deliver oxygen rich blood to the capillaries. Capillaries bring oxygen poor blood to the veins to convey back to the lungs and heart. Veins carry the blood back to the heart.
How did I do?
Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. We will post to the accounts one transaction at a time. Begin by posting the events from the 1st. July 1: Yarwood contributed $ 68 comma 000 cash to the business in exchange for Common Stock. (We will post to the accounts one transaction at a time. Post only the transaction from July 1 in this step.)
Answer:
Dr Cash $68,000
Cr Common Stock $68,000
Explanation:
1st July
The entry to record the capital investment of Yarwood who contributing $68,000 in cash would result in an increase in common stock and increase in company cash balance which means that increase in common stock must be credited and increase in cash balance must be debited.
Dr Cash $68,000
Cr Common Stock $68,000
What are the 3 qualifications of a product
Explanation:
Product certification or product qualification is the process of certifying that a certain product has passed performance tests and quality assurance tests, and meets qualification criteria stipulated in contracts, regulations, or specifications (sometimes called "certification schemes" in the product certification industry).
Ou invested $4,500 in a project which gave you a return of 14.1% the 1st year. You were quite happy, but the 2nd year wasn't as good. You lost 4.8% that year. The 3rd year was better - you made 7.2% on this investment. What was your annual average rate of return over the three years?
Answer:
5.21%
Explanation:
14.1% or 14.1/100 = +0.141 (gain)
4.8% or 4.8/100 = -0.048 (loss)
7.2% or 7.2/100 = +0.072 (gain)
Firstly, we will add 1 to each annual return
1st year = 0.141 + 1 = 1.141..................R1
2nd year = -0.048 + 1 = 0.952.........R2
3rd year = 0.072 + 1 = 1.072.............R3
Now, we need to calculate the combined percent
(R1*R2*R3)^n . n =3
(1.141*0.952*1.072)^(1/3)
= 1.164440704 ^ (1/3)
= 1.05205665
Annualized average rate of return = Combined % - 1
= 1.05205665- 1
= 0.05205665
= 0.05205665 * 100
= 5.205665%
= 5.21%
So, required annual average rate of return over the three years is 5.21%
Selected information regarding a company's most recent quarter follows (all data in thousands). Ending work in process inventory $ 700 cost of goods manufactured $ 890 direct labor $ 400 direct materials used $ 230 beginning work in process inventory $ 310 what was manufacturing overhead for the quarter?
Answer:
27
Explanation:
68
Global used million of its available cash to repay million of its long-term debt. (Select the best choice below.) A. Long-term liabilities would decrease by million, and cash would decrease by the same amount. The book value of equity would be unchanged. B. Long-term liabilities would decrease by million, and cash would increase by the same amount. The book value of equity would be unchanged. C. Long-term liabilities would increase by million, and cash would increase by the same amount. The book value of equity would be unchanged. D. Long-term liabilities would decrease by million, and cash would decrease by the same amount. The book value of equity would change by .
Answer:
A. Long-term liabilities would decrease by million, and cash would decrease by the same amount. The book value of equity would be unchanged.
Explanation:
Global had money in its hands, also there is a standing long term liability in the books.
When the liability will be paid, the liability will decrease with the amount it is paid off, and if paid completely the liability will become 0.
Further, if it is paid by using cash of the business, then the cash will decrease with the same amount.
Accordingly on the assets side of the accounting equation cash is reduced.
And simultaneously the liabilities are reduced with the same amount on the other side.
And there shall be no effect on equity value.
Accounting equation is:
Assets = Liability + Equity
When assets are decreased by million and liabilities are also decreased by million then:
Assets - million = Liabilities - million + Equity
Assets - million + million = Liabilities + Equity
Assets = Liabilities + Equity
Work environment includes physical and social aspects of work. true or false.
i ant good but my teacher is cool and told my the answer
Answer:
its true
Explanation:
