From the perspective of managing a budget, a budget variance is the term is used to describe the difference between the amount of money that was budgeted and the actual amount of money spent.
What is a budget?
This refers to the estimation of revenue and expenses over a specified future period of time that is usually compiled and re-evaluated on a periodic basis. It could be made for a person, group, business, government etc that makes and spends money.
Under a budget, the budget variance means the difference between the budgeted amount of expense or revenue and the actual amount. It is favorable when the actual revenue is higher than the budget or when the actual expense is less than the budget.
Therefore, as from the perspective of managing a budget, the budget variance is the term is used to describe the difference between the amount of money that was budgeted and the actual amount of money spent.
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in the united states, immigrants make up more than of the labor force in industries such as agriculture, building and construction.
In the united states, immigrants make up more than one-fifth of the labor force in industries such as agriculture, building and construction. The labor force, often known as the workforce, is the total number of persons who are actively employed plus those who are jobless and looking for work.
This figure excludes persons who are unemployed but not looking for work, such as students and pensioners. The labor force is made up of both employed and jobless people. The labor force participation rate is calculated as a percentage of the civilian non-institutional population. The labor force consists of both employed people and unemployed persons looking for work.
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Assuming that pdq corporation has annual net sales of $303,000,000 and annual cost of goods sold of $202,000,000, what is the accounts receivable turnover ratio for pdq corporation?
The account receivable turnover ratio for PDQ corporation is 2:1
The formula for the inventory turnover ratio is an annual cost of sales, year-end inventory = inventory turnover ratio
$202,000,000 / $101,000,000 = 2 : 1
The income statement is one of all three statements used in both company finance consisting of monetary modeling and accounting. The declaration displays the corporation's revenue, charges, gross earnings, selling and administrative costs, different charges and income, taxes paid, and net income in a coherent and logical manner. Divide the common stock into COGS to calculate inventory turnover.
The cash ratio is calculated by using dividing coins with the aid of present-day liabilities. The coins portion of the calculation also includes cash equivalents such as marketable securities. and internet credit income divided by means of common bills receivable net. the price of products sold on the income announcement. on the balance sheet, locate the price of inventory from the preceding and cutting-edge accounting periods. upload the stock values collectively and divide by, to locate the common quantity of inventory.
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Is the decision that imagine that toys is facing a corporate- or business-level strategy decision?
The decision that toys is facing is known as a Business-level strategy.
What is a Business-level strategy?Most time, a business level strategies refer to those combined set of actions that are taken with an aim of offering value to the customers and developing a competitive advantage. It also involves by using the firm’s core competencies in the individual product or service market.
A business-level strategy determines the market position of the enterprise, in relation to its rivals and are concerned with the firms having multiple businesses and each business is considered as Strategic Business Unit.
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Generally, the revenue account for a merchandising business is entitled? a.sales b.gross sales c.fees earned d.gross profit
A merchandising company's revenue account is typically titled with sales.
The required details for sales in given paragraph
Sales are actions that include exchanging goods or a certain amount of commodities over a defined period of time. A sale also includes a service that is provided in exchange for payment.
The seller or provider of the goods or services completes a sale at the point of sale when a purchase, appropriation, requisition, or other direct engagement with the customer occurs. The title (property or ownership) of the item is transferred, and a price is agreed upon, signifying a cost for which the ownership of the item will change.
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Which was the first commercial insurance company in the united states to provide private health care coverage for injuries not resulting in death?.
In the United States, the Franklin Health Assurance Company of Massachusetts was the first commercial insurance provider to offer private health care coverage for accidents that did not end in death.
The first written records that have survived have references to insurance. Approximately 4,000 years ago, in 1750 BC, the Code of Hammurabi, which describes insurance plans for traders on the high seas, was written. Chinese traders who traveled the world's dangerous seas purchased "oeinsurance" from businesses to guard against the possibility that their boat might capsize and they would lose their priceless cargo. Insurance of some type has existed since ancient and medieval times, though it wasn't always the flourishing industry that it is today.
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If the interest rate is at its maximum, what would the mta index have to be to reach the maximum interest rate?
A fully index rate is a variable interest rate that is set at a fixed margin above some reference interest rate. Financial products that bear a fully indexed rate include adjustable rate mortgages, which can be quoted as a certain number of basis points above the reference rate.
The monthly Treasury average MTA is an interest rate index derived from the twelve-month transferring average MA of one to twelve months constant maturity Treasury bonds one-yr CMT. The MTA acts as the premise to set hobby charges for some adjustable-rate mortgage hands. The beginning fee is three.50% and the mortgage adjusts every twelve months for the existence of the loan.
The minimum quantity that may be transferred for any margin name. the amount is distinctive inside the margining agreement. After the primary 5 years of the loan, your hobby will start to modify primarily based on elements of your index and your margin. The loan interest price that your loan will adjust to after the constant length is called the absolutely listed price. the index rate prevailing on a residential loan mortgage on the time the loan is made plus the margin is a good way to apply after the expiration of any introductory interest fees.
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concessions restrict the range of solution agreement options, but concessions broaden the bargaining range of the negotiations.
Concessions do not narrow the alternatives for reaching a settlement agreement, but also increase the negotiation's room for maneuver.
When one or more parties to a negotiation concede, yield, or compromise on matters under discussion and do so either voluntarily or reluctantly, the concessions are frequently referred to as "trade-offs." "Log rolling" is a common component of concession agreements.
Reduced concessions indicate that the sender has paid the full amount of the reservation. As a result, recipients make less aggressive counteroffers and come to inferior settlements. When concessions decline at a modest rate, these consequences are more pronounced. When more compromises are made than when fewer are, these impacts are stronger.
Making significant concessions early on in a negotiation may lead the opposite party to utilize hardball tactics or demand more concessions before he or she makes a corresponding compromise.
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research on the optimization method of visual effect of outdoor interactive advertising assisted by new media technology and big data analysis
Research on the optimization method of the visual effect of outdoor interactive advertising assisted by new media technology and big data analysis. This statement is true.
Technology is the application of scientific knowledge to the practical purposes of human life, or, as it is sometimes expressed, to the modification and manipulation of the human environment. Technology is a method of applying scientific knowledge for practical purposes. It includes not only machines (such as computers), but also technologies and processes (such as how computer chips are made). All technology may seem electronic only, but that's just the latest technology.
Information technology is important in our lives. Because it helps us deal with the dynamics of everyday life. This technology provides a variety of tools to facilitate development and share information. Both are IT goals to make tasks easier and solve many problems.
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a decrease in supply will have what effect on equilibrium price and quantity? a.price will increase; quantity will decrease. b.both price and quantity will decrease. c.both price and quantity will increase. d.price will decrease; quantity will increase.
Both price and quantity will decrease as if a decrease in supply will have what effect on equilibrium price and quantity
What is Equilibrium ?
The price at which the supply and demand of the commodity are balanced. The market is said to be in an equilibrium when a major index goes through a period of consolidation or sideways movement, indicating that the forces of supply and demand are essentially equal.
Prices, according to economists, frequently oscillate near their equilibrium levels. Market forces will encourage sellers to enter and increase production if the price increases excessively. If the price is too cheap, more bidders will place higher bids. Over time, these actions maintain the relative equilibrium level.
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which of the following categories describes a project whose objective it is to create the next iteration of an existing product already on the market? derivative project r
Scrum is one of the project management approaches in the agile framework that uses an iterative process to create product delivery.
What exactly is project management?
The task of regulating and controlling various projects in an efficient manner is referred to as project management.
Scrum is the agile method that can be used by management when they want to make an iterative and incremental delivery of any product. This method enables team members to work efficiently while remaining perfectly adaptable to any change.
As a result, the Scrum approach is the agile framework technique used for product delivery in an iterative process.
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The number of cells in a tumor doubles every 4.5 months. if the tumor begins with a single cell, how many cells will there be after 3 years? after 5 years?
The number of cells in a tumor doubles every 3 years is 256
The number of cells in a tumor doubles every 5 years is 256
A tumor mass of tissue that bureaucracy when cells grow and divide greater than they have to or do no longer die when they have to. Tumors can be benign or malignant. Benign tumors can also develop big however do now not spread into, or invade, nearby tissues or other parts of the frame.
A most cancers cell is a cell that grows out of a tumor. not like everyday cells, cancer cells forget about indicators to forestall dividing, to specialize, or die and be shed. growing in an uncontrollable way and not able to apprehend its own herbal boundary, most cancer cells may additionally spread to areas of the frame wherein they no longer belong.
In a year, there are 12 months,
In 3 years there are 12 × 3 = 36 month
Number of divisions in 3 year = 36 / 4.5
= 8 times division
In 5 year there are 12 × 5 = 60 month
Number of divisions in 5 year = 60 / 4.5
= 13 times division
month Number of cells
o 1
4.5 2
9 4
13.5 8
18 16
22.5 32
27 64
31.5 128
36 256 at 3 years
40.5 512
45 1024
49.5 2056
54 4112
58.5 8224 at 5 years
63 16448
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What are examples of withdrawals from the circular flow of income? check all that apply. a sharp increase in taxes affects many middle-class families. a sports-apparel company cuts jobs as a result of slow sales. a fast-food chain goes out of business and shuts down all of its restaurants. most of the stores at a mall are promoting sales to encourage new customers. crew members are hired for a movie company that is shooting on location.
Many middle-class families are impacted by a significant tax hike. Due to weak sales, a company that makes sports apparel makes employment cuts. A fast-food chain declaring bankruptcy and closing all of its locations is the correct option. Thus, option A, B and C is correct.
What is income?Income can be defined as the part where the person or an employee on the money for the job here done or from any kind of investment that they have made.
The various reason for the withdrawal from the fresh flow is done can be numbered one as a price or the text will be increased. Also that the wages is being cut down of a person and if the company is going bankrupt then also there will be a change in the withdrawal policy will make the person spend a low amount of money. Therefore, option A, B and C.
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The best way to provide children opportunities to practice using new materials or techniques in order to build arts skills is to?
'The best way to provide children opportunities to practice using new materials or techniques in order to build arts skills is to Provide regular access to activities and materials already underway.
The definition of opportunity is a situation favorable to a positive outcome. An example of an opportunity is a luncheon with a potential employer. You have the opportunity to talk about situations where you can do what you want. Opportunity is most commonly followed by the to-infinitive or the +-ing form of the verb. Now I wish I had gone.
An opportunity is a chance to take advantage of a situation. It can refer to many different occasions, such as career, sports, and business. It makes the difference between true leaders, winners and dropouts. Opportunity is the opportunity to take advantage of market events to win business.
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. identify the greatest difficulties altman is likely to have doing this audit. the two parts of the audit that altman may find difficult are evaluating the condition of the vehicles and determining their fair market values , because both requirements are very ▼ difficult easy objective subjective . altman will need to use her ▼ to overcome these difficulties.
Employing the criteria of bad, good, and excellent to evaluate the state. It is really arbitrary to do so. The fair market value won't mean anything if she applies a different standard than the "blue book."
Figuring out the fair market value, unless the blue book specifically defines it for each condition.
What do you understand by market value?To fairly appraise the asset's worth or value is the main objective of evaluating market value. It can be stated simply as the price at which the object would typically be offered for sale. In addition to accepting more or less than market value, sellers also have the option of receiving payment from buyers.
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product design and process selection are examples of decisions. multiple choice financial tactical system design system operation forecasting
Choosing a process and designing a product are two instances of decisions.
WHY DO SYSTEMS NEED DESIGN?
Therefore, the process of defining and creating systems to meet specific user needs is known as systems design.
Understanding component pieces and their subsequent interactions with one another is the fundamental topic of system design.
Allocating a large system's requirements to hardware and software components is the aim of system design. After the system requirements study is finished, the system design activity begins.
Defining the software and hardware architecture, components, modules, interfaces, and data as part of the systems design process enables a system to satisfy a set of well-defined operating crite
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What is the journal entry for Rent paid in advance Rs. 5,000?
The journal entry for Rent prepaid in advance would be prepaid rent.
As the sum paid indicates the additional payment for the foreseeable use of the rented property, such as office space, etc., advance rent is treated as an asset rather than a cost in accounting. Similarly, the business must enter the rent that has been paid in advance as an asset in the journal entry.
When the business begins using the rented property, the prepaid rent will eventually expire. As a result, the business must register rent expense for the time period during which the cost of the prepaid rent expires.
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leroy's total job benefits were $50,150 last year. his total job expenses for traveling and for professional development for the year were $3,500
His total employment compensation is $46,650.
Calculations and ParametersGiven that,
Total job benefits = $50,150Total job expenses = $3,500Total employment compensation= Total job benefits - Total job expenses
⇒$50,150 - $3,500
⇒$46,650
Therefore, the correct answer is option A.
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The complete question is:
Leroy's total job benefits were $50,150 last year. His total job expenses for traveling and for professional developement for the year were $3,500.
Which of the following represents his total employment compensation?
a. $46,650
b. $47,650
c. $50,150
d. $53,650
"development of methods to improve soybean yield estimation and predict plant maturity with an unmanned aerial vehicle based platform,
The analysis' findings indicate that the number of articles grew annually, with 2019 seeing the most growth. The most common research areas include remote sensing, imaging technology, environmental science, and ecology.
There are numerous uses for multispectral technology in agriculture. During crop production, it is possible to rapidly, correctly, and efficiently determine critical information such as growth, pests and diseases, fertilizer use, and pesticide application.
Understanding the research hotspots and areas of interest in the field of agricultural multispectral technologies is the goal of the scientific analysis based on Web of Science.
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In most microeconomic models, a decision maker? a. maximizes an objective subject to a constraint. b. faces no constraints. c. has no clearly defined objective. d. both b and c.
Maximizes an objective subject to a constraint is a decision maker in the most microeconomic models .
What Is a Microeconomic Pricing Model ?
With the help of supply and demand, a microeconomic pricing model can be used to determine a product's price in a specific market. The amount of a good grows when the demand (and consequently the price) for that commodity rises, as shown by microeconomic pricing models, which are simple depictions of a single market.
The pursuit of equilibrium by individual markets is demonstrated by microeconomic pricing models. A fundamental concept of classical economics is the pursuit of equilibrium between the cost of a good and the amount supplied. Even if supply and demand curves with equilibrium price points were not used to demonstrate it.
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pr practitioner martha disclosed her stock ownership in her client’s organization. she consulted the prsa code of ethics, "designed to be a useful guide for prsa members as they carry out their ethical responsibilities." what is one of the advantages of having a code of ethics?
The ability of a code of ethics to promote an atmosphere of trust, moral behavior, honesty, and excellence is its most significant advantage.
Good Code of Ethics Helps SalesWhatever you sell, your goal as a business owner is to maximize profits. Therefore, the main benefit of adopting and upholding an ethical code is because customers care about it. Customers are more likely to make purchases from and stick with brands they believe in. You should therefore establish and advance an ethical organization. It also helps to have these moral standards documented for everyone to see and comprehend, both inside and outside of your organization.
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If the economy is operating at point c, the opportunity cost of producing an additional 15 units of bacon is:__________
If the economy is operating at point c, the opportunity cost of producing an additional 15 units of bacon is 20 units of eggs.
What is economy ?The production, distribution, trading, and consumption of goods and services take place in an economic area. It is generally recognized to be a social domain that emphasizes the actions, discourses, and outward expressions related to the production, use, and management of finite resources.
A person's culture, values, education, technical development, history, social organization, political structure, legal system, and access to natural resources are all important drivers of how an economy functions. These factors provide context and content as well as determining the parameters and circumstances in which an economy runs. In other words, the economic domain is a social one made up of interconnected human actions and transactions that are mutually reliant.
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organizations that have a mix of standard products and projects are good candidates for which type of project management structure? multiple choice question. functional matrix dedicated project
Matrix organisations have a mix of standard projects and products and are good for project management structure.
Functional organisations are basically dependent on the project based work performed in an organisation. There are various functions to be performed like production, distribution and sampling . They are one rule organisations.
Dedicated organisations are those in which are specific about tasks and achievement of goals at different levels of management which are upper, middle and lower level of management. Delegation of responsibility is the main lead of the organisation.
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c. the amount a person would have to deposit today (present value) at a 9 percent interest rate to have $2,300 five years from now. (round your factor to 3 decimal places and final answer to 2 decimal places.)
Annual payment, A = $2,300
Number of payments, n = 5
Interest rate, r = 9% = 0.09
Future value $
5266.55
fva5=2,300x(10.09)^5-1/0.02,300x5.9847=13,764.81
An Interest rate tells you how excessive the price of borrowing is, or excessive the rewards are for saving. So, if you're a borrower, the interest rate is the quantity you're charged for borrowing money, proven as a percent of the whole amount of the mortgage.
Better Interest rates make it greater luxurious for humans to borrow money and in addition, they inspire people to shop. The result is that standard, humans will tend to spend much less. If humans spend much less on items and services universally, then the rate of these matters has a tendency to upward push greater slowly.
Interest rate ranges are a component of the supply and call for credit score: a boom in the demand for money or credit will enhance interest charges, while a lower in the demand for credit will lower them.
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Which stage of the decision-making process involves predicting the possible consequences of each of the various options?
Deliberation is the stage of the decision-making process that involves predicting the possible consequences of each of the various options.
What do you mean by Deliberation?Prior to voting, there is a process called deliberation where possibilities are carefully considered. Instead of focusing on power struggles, creativity, or dialogue, deliberation emphasizes the application of logic and reason. After consideration, group decisions are typically reached by consensus or vote among the participants.
Due to the precise options—like guilty or not guilty—as well as the evidence and arguments to consider, juries frequently deliberate in legal settings. The goal of "deliberative democracy" is for voters and elected officials to base their decisions on discussion rather than power struggles.
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__________ is the perceived fairness of how rewards and outcomes of decisions are shared by all members of a group.
Outcome fairness is the perceived fairness of how rewards and outcomes of decisions are shared by all members of a group.
The perceived fairness of how incentives and results of decisions are distributed among all group members is known as outcome fairness. The term perceptions of fairness refers to any aspect of the environment that people or groups see as equitable in light of earlier norms or standards.
Social comparison is the foundation of fairness perception. In particular, when we respond to a situation, we consider not just our own condition but also the situations of others with whom we compare ourselves. People are sensitive to whether decisions or treatment are fair in almost every area of life.
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which of the following resources would be considered to be land by an economics? multiple select question. arable land forests oil and mineral deposits factories water
Water resources would be considered to be land by an economics.
Any element required to complete a task or conduct an activity is referred to as a resource in the context of business and economics. They are, in a nutshell, the elements that a business needs in order to operate. Employees, office space, tools, or money are examples of resources. Resources are a type of supply that can be used by an individual or organization to carry out plans and projects. Resources include, among other things, cash, materials, labor, personnel, energy, knowledge, and management. Resources for a company can be both tangible (such as its building, machinery, finances, and location) and intangible (such as its workforce, their abilities, and their motivation).
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norma owns abc corporation bonds of aa rated quality that mature in seven years, pay semiannual interest, and have a coupon of 8%. similar bonds (aa rated, seven years to maturity) yield 9%. the abc corporation bonds are convertible into common stock at $26 per share, and the current market price of abc common stock is $23. what is the conversion value of an abc corporation bond? a) $851.85 b) $884.61 c) $766.47 d) $923.08
The answer is $884.61. The conversion value = conversion ratio × market price of common stock. Therefore, the conversion value equals ($1,000 ÷ $26) × $23 = $884.61.
What is stock?A stock is a sort of investment that represents ownership of a share of the issuing corporation. It is also referred to as equity. The term "shares" refers to the units of stock, each of which entitles the owner, depending on the number of shares owned, to a specific portion of the company's assets and income.
Stocks, which are typically purchased and traded on stock exchanges, constitute the foundation of many individual investors' portfolios. During stock exchanges, it is necessary to abide by regulations ensuring investor protection against deceptive practices.
Indicating the holder's ownership interest in the issuing company, a stock is a form of instrument that is typically exchanged on stock exchanges.
Corporations issue shares to generate revenue for running their enterprises.
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bennett griffin and chula garza organized cole valley book store as a corporation; each contributed $71,200 cash to start the business and received 5,400 shares of common stock. the store completed its first year of operations on december 31, current year. on that date, the following financial items for the year were determined: december 31, current year, cash on hand and in the bank, $68,450; december 31, current year, amounts due from customers from sales of books, $44,000; unused portion of store and office equipment, $79,000; december 31, current year, amounts owed to publishers for books purchased, $14,000; one-year note payable to a local bank for $3,400. no dividends were declared or paid to the stockholders during the year.
Stockholders' equity can be calculated by subtracting the overall liabilities of a business from the general property or because of the sum of percentage capital and retained earnings minus treasury stocks. common inventory additional paid-in capital desired stock retained earnings and the accrued different comprehensive profits.
Solution:
Cash- 70,250
Accounts Receivable- 40,500
Store and Office Equipment- 79,500
Total Assets- 190,250
Accounts Payable- 12,700
Note Payable- 3400
Total Liabilities- 16,240
Common Stock- 142,000
Total Stockholders' Equity- 174,010
Total Liabilities and Stockholders' Equity- 190,250.
The stockholders' equity for that duration, study the stability sheet for the preceding period. The final period ending number is similar to this era's starting variety. In some cases, an employer's financial statements may also include a desk called the reconciliation of stockholders' fairness. Shareholders' fairness is the value of the employer's obligation to shareholders. It appears on a business enterprise's balance sheet, together with assets and liabilities.
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rawlco communications operates 15 radio stations. the following events occurred during september. placed an order for office supplies costing $2,000. supplier intends to deliver later in the month. purchased equipment that cost $30,000; paid $10,000 cash and signed a promissory note to pay $20,000 in one month. negotiated and signed a one-year bank loan, and then deposited $5,000 cash in the company’s checking account. hired a new finance manager on the last day of the month. received an investment of $10,000 cash from the company’s owners in exchange for issuing common shares. supplies [ordered in (a)] were received, along with a bill for $2,000.
Journal entries are entered after a transaction or an event takes place in a company.
For ordering office supplies neither a transaction nor an event took place so journal entry is not recorded.
Similarly all the transactions/events are explained below
Find the Journal entries in the attachment.
Explanation for Each transaction
a. For placing the order no entry is recorded as the delivery will be later in the month
b. We purchased equipment part in cash(10,000) remaining through a promissory note to be paid in 1 month(20,000)
c. Deposited 5000 cash in the bank for promissory note
d. No entry for hiring a new manager
e. Received cash for issue of share which means increase in capital by 10,000
f. Supplies which were ordered previously are delivered amounting 2,000 with a bill
Important information is recorded in journal entries, including how much was credited and debited, when, and from which accounts. In the end, each journal entry is submitted to the general ledger and corresponds to a single distinct business transaction.
The accuracy—or lack thereof—of the data entered at this level has an impact on the veracity of all financial reports.
Journal entries describe how transactions influence accounts and balances and serve as a simple record of all transactions that a business makes.
The information in journal entries, which come in a variety of formats to suit corporate requirements, serves as the foundation for all financial reporting.
For instance, adjusting journal entries are used to accumulate or delay revenue and expenses, alter or rectify earlier entries, or forecast non-cash events like allowances for written-off debt.
Your answer is incomplete. Kindly find the missing content below:
Prepare Journal Entries to record each transaction
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A bond that promises payments of principal and interest but pledges no specific assets in case of default is categorized as:_________
A bond that guarantees bills of predominant and interest but pledges no unique property in case of default is categorised as a secured bond sponsored via unique collateral which reduces the threat for investors. Unsecured bonds are backed by the creditworthiness of the issuer.
That is unsecured debt, meaning no collateral exists to assure at the least a element. Bonds in this class are regularly called debentures. Such unsecured bonds most effective have the provider's suitable name and credit score score score as protection.
An unsecured bond is sincerely the promise that the defendant pays a high quality sum of money within the occasion that they do not study the right situations of their bail there's no requirement to pay this sum.
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