When store owners quote prices in terms of dollars, money is acting as a unit of account.
Money is anything that is generally chosen and accepted by a community as a medium of exchange and standard of value.
Money act as a unit of account because everything in the economy is quoted in terms of it. The price of any products or goods are quoted in terms of money.
Since there are many buyers and sellers in a country, unit of account stands as standard measurement for everyone in an economy; hence the foundation of every transaction in an economy.
Therefore, money is acting as a unit of account when store owners quote prices in terms of dollars.
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Owing to his impulsive buying habits, Ronnie's unpaid credit card balances pile up to $9,000. As Ronnie does not have enough money to clear his bills, he is in a deep financial crisis. In this scenario, the first step that Ronnie should take is to:
In case of financial crisis where Ronnie is under debt is advised to avoid further usage of his credit card.
What is financial crisis?Financial crisis for an individual is when he is under huge debt and lacks money to clear his dues towards the creditors. In the above case, Ronnie is under financial crisis due to a credit card bill of $9000.
Ronnie lacks money to repay the amount of debt, and thus he is advised to stop using his credit card so that his debts do not pile up more. Also, he is advised to take financial help from a friend, so he can pay the bill, and avoid reducing his credit rating.
Hence, the steps to be taken by Ronnie during the condition of financial crisis are as aforementioned.
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Help help help help help help help help
Answer:
Taxes
Explanation:
Answer:
answer is services. C one option
give two examples of graphs and two examples of charts.
Answer:
A Bar Chart. A PIE CHART. LINE CHART. Area Chart. Dot Plot. A Pictogram. Radar Chart.Explanation:
Answer:
Types of Graphs and Charts
Bar Chart/Graph.Pie Chart.Line Graph or Chart.Histogram Chart.Area Chart.Dot Graph or Plot.Scatter Plot.Bubble Chart.mini case the great little box company canadian company that manufactures and distributes custom and stock
The levels of organizational culture that are described are socially coordinated efforts and greater personal satisfaction for everyone.
From the complete question, the new employees can be socialized by getting involved in the company's social activities such as summer grills, paintball rivalries, etc.
Lastly, the cultural significance of the open-book management technique is that it ensures financial transparency and ensures that employees do their jobs more effectively.
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How old does a senator have to be?
Answer:
Article 58.- To be a senator, the same requirements are required as to be a deputy, except age, which will be 25 years old on the day of the election.
Explanation:
and i'm mexican
If a seller can create switching costs for its product, then: ________________
a. customers will find it more costly to stay with the company than to switch to another seller.
b. it increases its costs by producing several versions of the product so customers can switch between versions.
c. it is difficult or costly for the seller to switch to producing a different product.
d. it is difficult or costly for customers to switch to another seller of the product.
It should be noted that if a seller can create switching costs for its product, in this case, B:it increases its costs by producing several versions of the product so customers can switch between versions.
Switching costs can be regarded as the costs that is been paid by a consumer due to switching of a brands or products.
Switching costs may comes in term of monetary as well as effort-based cost.
We can conclude that if a seller can successfully create switching costs as regards her product, then it results to more gains.
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Which of the following is an example of a consumer service?
• brickmaker
• refrigerator repair
automobile manufacturer
laptop builder
Answer:
refrigerator repair
Explanation:
Temporary Aid to Needy Families (TANF) a. A welfare program that replaced AFDC in 1996. It introduced a new education requirement that was designed to push welfare recipients into special college and GED programs. b. A welfare program that replaced Social Security in 1965. It introduced a work requirement that was designed to push welfare recipients into the low wage labor market. c. None of the other answers. d. A welfare program that replaced AFDC in 1996. It eliminated the New Deal era work requirement that many people believed was designed to effectively re-enslave African Americans. e. A welfare program that replaced AFDC in 1965. It introduced a work requirement that was designed to push welfare recipients into the low wage workforce.
Explanation:
D: A welfare program that replaced AFDC in 1996. It eliminated the New Deal era work requirement that many people believed was designed to effectively re-enslave African Americans
The higher the risk associated with a bond, the _______ (more/less) likely a corporation might be to pay an investor back. Interest rates for riskier bonds tend to be ______ (higher/lower) so that investors are ______ (more/less) willing to invest.
BONUS: A riskier bond usually comes from a corporation that has a ______ (low/high) credit rating.
10 roles of insurance in a business
Considering the benefits and importance of insurance, the ten roles of insurance in a business include "security and safety."
The other roles of insurance in a business are:Mitigation of riskProvision of insurance service by the insurance company Protection from unexpected lossesEase of getting loansProvision of social cooperationIt enhances saving habitsIt aids some contracts that require it.There are tax benefits.Promotion of trades and industry, etc.Hence, in this case, it is concluded that insurance plays various roles in business.
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which of the following describes a federal student loan? a funds provided by a private business that do not need to be paid back b funds provided by credit unions that must be paid back c funds provided by government that do not need to be paid back d funds provided by the government that must be paid back
Answer:
d
Explanation:
Plain and simple:)
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On September 3, 2021, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows:
Robers’ Asset Phifer’s Asset
Original cost $ 190,000 $ 210,000
Accumulated depreciation 111,000 119,000
Fair value 96,000 77,000
To equalize the exchange, Phifer paid Robers $19,000 in cash.
Required:
Record the exchange for both Robers and Phifer. The exchange has commercial substance for both companies.
Based on the information given the appropriate journal entries to record the exchange for both Robers and Phifer are:
Robers entries
Debit Equipment (new) $77,000
Debit Accumulated Depreciation $111 000
Debit Cash $19,000
Credit Equipment $190,000
Credit Gain on Sale $17,000
($77,000+$111,000+$19,000-$190,000)
Phifer's entries
Debit Equipment(new) $96,000
Debit Accumulated depreciation $119,000
Debit Loss on Sale $14,000
($210,000+$19,000-$96,000-$119,000)
Credit Equipment $210,000
Credit Cash $19,000
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Identify the function in the organisation you have chosen
Answer:
Determination of activities,
Grouping of activities,
Allotment of duties to specified persons,
Delegation of authority,
Defining relationships, and.
The co-ordination of various activities.
The annual dividend rates for a random sample of 16 companies in three different industries, utilities, banking, and insurance, were recorded. The ANOVA comparing the mean annual dividend rate among three industries rejected the null hypothesis that the dividend rates were equal. The mean square error (MSE) was 3.36. The following table summarized the results:
Utilities Banking Insurance
Number Sampled 5 5 6
Mean Annual Dividend Rate 11.62 15.4 17.4
Based on the comparison between the mean annual dividend rate for companies in utilities and banking, the 95% confidence interval shows an interval of 1.28 to 6.28 for the difference. This result indicates that _______.
Multiple Choice
A. the annual dividend rate in the utilities industry is significantly less than the annual dividend rate in the banking industry
B. the annual dividend rate in the banking industry is significantly less than the annual dividend rate in the utilities industry
C. there is no significant difference between the two rates
D. the interval contains a difference of 5.00
Based on the information given, the results show that A.The annual dividend rate in the utility industry is significantly less than the annual dividend rate in the banking industry.
A dividend rate simply means a financial ratio that is important as it shows how much a company pays out in dividends every year relative to the stock price of the company.
In this case, the 95% confidence interval shows an interval of 1.28 to 6.28 for the difference. This implies that the annual dividend rate in the utilities industry is significantly less than the annual dividend rate in the banking industry.
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I need a Christmas present for a 40-year-old man a 32-year-old woman a 9-year-old girl a 12-year-old girl and a 4-year-old boy
John's uncle donated a truck to his company, John's Corporation. The truck had an original cost of $95,000, a book value of $40,000, and a fair value of $60,000. The journal entry by John's Corporation to record this donated asset will include a:
a. debit Truck for $95,000 and credit Gain for $35,000.
b. debit Truck for $60,000 and credit Gain for $20,000.
c. debit Truck for $60,000 and credit Gain for $60,000.
d. debit Truck for $95,000 and credit Gain for $95,000.
Based on the information given the appropriate journal entry by John's Corporation to record this donated asset will include a: c. debit Truck for $60,000 and credit Gain for $60,000.
Since the truck donated to his corporation has a fair value of the amount of $60,000 which is the worth of the truck (assets) which means that the appropriate journal entry to record the transaction will be:
Debit Truck $60,000
Credit Gain $60,000
(To record asset donated)
Inconclusion the journal entry by John's Corporation to record this donated asset will include a: c. debit Truck for $60,000 and credit Gain for $60,000.
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IRAC Briefing
BURNETT v. PURTELL
Who were the plaintiff and defendant? Were they merchants?
Describe the sales transaction.
Was there tender of delivery of the goods? Why is this issue important to the outcome of the case?
Who bore the risk of loss when the goods were destroyed?
no se inglés y tampoco se la respuesta si no si te la hubiera dicho
Prepare journal entries to record the following under
(a) the direct write-off method and
(b) the allowance method. May 3 Sal Company determines that it cannot collect its accounts receivable of $2,000 from Joey Company. May 21 Sal Company unexpectedly receives payment of $2,000 cash from Joey Company toward its previously written-off account. Sal records recovery of this bad debt.
The journal entries to record the direct write-off method and the allowance method are:
Journal entries
a. May 3
Debit Bad debt $2,000
Credit Account receivable- Joey Company $2,000
b. May 21
Debit Accounts Receivable—Joey Company $2,000
Credit Allowance for Doubtful Accounts $2,000
Debit Cash $2,000
Credit Accounts Receivable—Joey Company $2,000
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Rich and Lucy were married for 52 years. Rich died on May 9, 2020. Lucy has no dependents, and she did not remarry. The correct and most favorable filing status for Lucy's 2020 return is: Married filing jointly. Married filing separately. Single. Qualifying widow.
Based on the year that Rich died and the year that Lucy is filing her taxes, the most favorable filing status is Married filing jointly.
Current tax laws are such that if a person loses a spouse in a certain year and does not remarry in that year, they can file in a joint manner with their now late spouse.
Rich died in 2020 and Lucy did not remarry. Lucy's 2020 returns can therefore be filed as a joint filing with Rich even though he is no longer alive.
In conclusion, the correct answer is option A.
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Suppose you deposit $1,000 in a bank and the reserve requirement is 0.25. If the banking system has zero excess reserves, then the total amount of money that can be created is
According to the Money Multiplier theory, the central bank can change the supply of money to the economy by changing the reserve requirements.
What do you mean by Money Multiplier?The total amount of money in a commercial bank is created, in general, the number of stocks multiplied by a set amount of central bank money (multiplier).
If banks do not have excess deposits, the total withdrawal amount is the same as the repayment deadlines. Theoretically, banks will never have a surplus.
[tex]\rm\,money \; multiplier = 1/ r \\\\ \rm\,money \; multiplier = 1/0.25\\\\ \rm\,money \; multiplier = 4\\\\(r = reserve \;requirement)[/tex]
So, if I know that the multiplier rate is 4, then if the central bank creates the reserve requirement at 0.25 then the amount that will be kept as reserve will be 0.25 multiplied by 1000 which is $250.
Thus, the total amount of money that can be created will be a multiplier multiplied by 1,000 which is 4*1,000 = $4,000.
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Each week, Namratha updates an online newsletter to share information about interesting topics related to the company. All company employees have access to the newsletter site. This is an example of _______ communication.
The type of communication which Namratha is using when sharing an online newsletter among employees is:
Internal communicationAccording to the given question, we are asked to state the type of communication which Namratha is using when sharing an online newsletter among employees.
As a result of this, we can see that because Namratha shares an online newsletter about the company and all the company employees has access to this, then this is an example of an internal communication because it shares the information with people in the office.
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Trey is the manager of a sales team in a corporation. If his team members are able to meet their daily targets regularly, they get an extra day off every month. However, if they fail to do so, Trey makes them work extra hours every week. In this scenario, Trey is using _____.
A. concertive control
B. bureaucratic control
C. adaptive control
D. normative control
The control used by Trey when he want employee to work extra hours every week is they failed to meet target is known as bureaucratic control.
The bureaucratic control refer to a form of control which is base on formal system of rules, roles, records, rewards etc
Typically, an organization uses the bureaucratic control to influence, monitor and assess its employee performance.Hence, the control used by Trey when he want employee to work extra hours every week is they failed to meet target is known as bureaucratic control.Therefore, the Option B is correct.
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Pie City Pizza and Pizza Palace are rival restaurants in a small town. Pie City Pizza sets its prices below average variable cost for two years. After the second year, Pizza Palace goes bankrupt and exits the market. In the third year, Pie City Pizza raises prices significantly. Pie City Pizza is practicing ________ pricing. g
Pie City Pizza is practicing Penetration pricing.
Penetration pricing is a pricing strategy where competitors lower the prices of their goods and services to gain ground in the market. After they have captured, the market base, they increase their prices to make their gain.
This can be applied when the company wants to promote its products. In the case of Pie City Pizza, they adopted the penetration pricing system that captured the customers of their competitors.
When the competitors left the market, they increased their prices.
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Paul Scott has a 2014 Cadillac that he wants to update with a satellite-based emergency response system so that he will have access to roadside assistance should he need it. Adding this feature to his car requires a flat fee of $500, and the service provider requires monthly charges of $20. In his line of work as a traveling salesperson, he estimates that this device can save him time and money, about $35 per month. He plans to keep the car for another 3 years.
Required:
a. Calculate the breakeven point for the device in months.
b. Based on a, should Paul have the GPS system installed in his car?
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Answer:
huh?
what?
is this fReEeE?
Rational and Normative modes of decision making are used. Then intuition or gut feeling also play a role in this process. How does a manager, making decisions in real life situation, strike a balance between these modes to make quick but right decisions.
A manager, making decisions in real-life situations, strikes a balance between these ways to make quick but correct decisions based on systemic organizational vision and conceptual skills.
The manager's experience will help him to make decisions using rational and normative ways, and thus analyze what is the best strategy for effective decision making.
Conceptual skills refer to the manager's systemic view, which understands the organization as an integrated system and must involve a set of thoughts, processing and planning to improve the business.
Therefore, decision making must be taken in a rational and normative way according to the context of the situation that requires a decision, and it is up to the manager to use the best tool to make a decision aligned with the company's objectives and goals.
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which ethical principle reflects the idea that everyone is granted a moral norm of society
Individual right is the ethical principle that reflects the idea that everyone is granted a moral norm of society.
The three distinct types of ethical principles are:
UtilitarianismIndividual rights Distributive justiceIndividual rights show the belief that everyone has entitlements that let him/her act in a certain way.
The individual rights principle includes more than legal rights; it also includes human rights that everyone is granted as a moral norm of society
Some of the individual rights are:
Freedom of movement,Physical security Freedom of speechFair trialFreedom from torture.Therefore, the ethical principle that reflects the idea that everyone is granted a moral norm of society is Individual right.
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The newest employee at Edwards Escrow Co., Adam Riley, is handling the escrow
paperwork for the sellers and the buyers on an Anaheim property sale. When Adam
goes to figure out the prorations for the month of February, for which some of the
expenses have already been paid by the sellers, Adam cannot remember what
number to use to figure out the proration. Which of the following should he use?
Since Adam cannot remember the number he used for the proration, then, he should use 28 days because that is the actual number of days in February,
Proration is an act of dividing the property expenses between a buyer and seller to ensure that the parties only pay for the days they owns the property.
Since the month of February contains 28 days, then, the number of days used in the calculation of the Proration will be maximum of 28 days
Therefore, the Option A is correct because 28 days is the actual number of days in February.
Missing options includes
28 days because that is the actual number of days in February, the month for which the prorations are being calculated., 30 days which escrow companies use as their base month in figuring out prorations31 days which escrow companies use as their base month in figuring out prorations.Read more about February days
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At a new client meeting, the outside CPA learns the following:
1. The recently fired bookkeeper has been discovered as embezzling over $100,000, but the full amount is not yet quantified. The tax preparer was related to the bookkeeper.
2. There is a foreign entity (China) company and the books and records are not translated. It is unclear as to whether it is owned by the owner or the corporation.
3. The staffing is light and the human resources person is doing the billing and the payroll. There are no management concerns with this person.
4. There is a $1 million line of credit for the company with a major bank.
5. The company uses an add-on to QuickBooks for the time and billing (services company) and QuickBooks for the general ledger.
6. The reimbursement policy is nonconforming to the IRS rules.
7. There are three unrelated owners that are all engineers by training.
As an Outside CPA/Auditor:
I. As the outside CPA, what ethical obligations to you have to the professional for taking an assignment like this? Specifically, what type of work is possible?
II. What threats are posed to the outside CPA?
III. What safeguards can be applied at the outside CPA level?
IV. How should the China business be dealt with?
V. What obligations do you have for the potential tax issues? How would you document or discuss these issues?
As the newly hired CPA/controller for the same company above:
I. If you work to work for the company as the CPA controller, what threats do you see on the onset?
II. What safeguards can you put in place?
III. How would you handle the remaining staff?
IV. If the human resources staff has been working well at the job, then what is the harm of letting the payroll remain with HR?
V. What would you insist be in your employment agreement?
Answer:
I am a teacher at Ohio college and when I looked at the question I looked like the answer would be 60
Explanation:
I would explain But I want to see if you can figure out why 60 is the answer
Product DGH has a monthly demand of 5,000 units. Its contribution margin is $18 per unit and $36 per direct labor hour. Product RBG has a monthly demand of 4,000 units. It's contribution margin is $15 per unit and $60 per direct labor hour. If the company only has 1,500 direct labor hours available, the company should produce _______________ units of Product DGH _____________ and units of Product RBG.
