The sentences that accurately describe how to create a trial balance are as follows:
List the ledger's account names and their respective balances.An account with a balance of 0 may be completely omitted.The totals of the credit and debit balances should be calculated.Verify that the overall balances on the debit and credit are equal.Businesses utilize a trial balance, which is a list of credit and debit entries, to evaluate how well their double-entry accounting systems are working internally. Making sure that the sum of all debits and credits is equal to one another can help you identify any entries that may have been placed in the wrong account.
Verifying that the debits and credits in the chart of accounts are equal is the goal of the trial balance.
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(The following question mat be like this:
Which of the following statements correctly explains how to prepare a trial balance? (Check all that apply.)
Multiple select question.
List each account title and its amount from the ledger.Verify that the total debit balances equals the total credit balances.If an account has a zero balance, it may be omitted entirely.Compute the total of debit balances and the total of credit balances.Total debit account balances do not have to equal total credit account balances in order for the financial statements to be prepared.)The correct option is A, B, C, and D. Those statements correctly explain how to prepare a trial balance.
List each account title and its amount from the ledger.Verify that the total debit balances equal the total credit balances.If an account has a zero balance, it may be omitted entirely.Compute the total debit balances and the total credit balances.Trial stability is a list of all the overall ledger debts (each revenue and capital) contained inside the ledger of a business. This list will incorporate the call of each nominal ledger account and the value of that nominal ledger balance. every nominal ledger account will hold either a debit balance or a credit score stability. The debit stability values will be indexed in the debit column of the trial stability and the credit score value stability could be indexed in the credit column. The trading income and loss announcement and balance sheet and different economic reviews can then be produced with the use of the ledger debts indexed at the equal balance.
The purpose of an ordeal balance is to show that the price of all of the debit value balances equals the full of all of the credit score value balances. If the whole of the debit column does no longer the same as the entire fee of the credit column then this will show that there may be an error inside the nominal ledger money owed. this mistake ought to be observed earlier than an income and loss declaration and stability sheet can be produced.
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Complete Question:
Which of the following statements correctly explains how to prepare a trial balance? (Check all that apply.) Multiple select questions.
A). List each account title and its amount from the ledger.
B). Verify that the total debit balances equal the total credit balances.
C). If an account has a zero balance, it may be omitted entirely.
D). Compute the total debit balances and the total credit balances.
E). Total debit account balances do not have to equal total credit account balances in order for the financial statements to be prepared.
all of the following are benefits to paying the full balance on your credit card each month except
All of the following are benefits to paying the full balance on your credit card each month except: your credit score can decrease. The Option A is correct.
What are Pros of paying your credit card off in full?There will be no interest charges on your balance: Most credit card companies charge interest or APR if you carry your balance over to the next month, which means you'll be paying interest on top of the unpaid balance. If you pay off your credit card balance in full each month by the due date, you will avoid paying interest.
Its Improves your credit score. Using your credit card and repaying your balance will assist you in establishing a good payment history. Your credit score may improve if you pay off your credit card balance in full, which means lenders are more likely to accept your credit applications and offer better borrowing terms.
Missing options "a) Your credit score can decrease. b) You won't have to pay interest. c) You won't have to pay any late fees. d) Your credit score can increase.
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jason has just returned to his office after vacation and is attempting to access diontraining. he receives an error that he cannot connect to the website. he then tries to connect to the company's local intranet server, which he can connect to without any issues. next, he pings the ip address for diontraining and gets a successful connection. finally, he tries to ping diontraining by its domain name, and then he receives an error. which of the following commands should jason enter next to try and resolve this issue
Jason should execute the procedures ipconfig/flushdns next to try to fix this problem.
What is ipconfig/flushdns?Any IP addresses or other DNS records will be removed from your cache by flushing the DNS. This can assist in resolving problems with security, internet connectivity, and other things. Any obsolete or altered addresses will be removed by clearing the DNS server. It's also vital to note that flushing the cache has no unfavourable side effects. All stored IP addresses are removed when the cache is flushed. Your computer will utilise DNS to search up the IP address and cache it for use the following time you visit.Flushing DNS cache in Windows 10 on a regular basis is a simple approach to speed up Web browsing and enhance browser performance.To learn more about ipconfig/flushdns, refer to:
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reynolds corp. has 100,000 shares of $1 par value common stock issued and outstanding. reynolds declares a 20% stock dividend when the fair value of the stock is $8 per share. the debit to retained earnings is
100,000 shares of common stock with a $1 par value are now in circulation. When Reynolds' stock has a fair value of $8 per share, he issues a 20% stock dividend. There is a $160,000 deduction to retained earnings.
Explain the term debit to retained earnings ?When using a credit, a retained earnings account rises, and when using a debit, it falls. You debit this earnings if you need to lower your declared retained earnings. Unless you are correcting a previous accounting error, you typically wouldn't modify the amount documented in your retained earnings.stock dividend = 20%
Number of shares = 100,000.
retained earnings = 100,000 x 20%
retained earnings = 20,000
Now, for each $8 per share.
Retained earnings = 20,000 shares x $8
Retained earnings $160,000
Thus, the debit to retained earnings is $160,000.
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Which of the following actions on the part of an agent is unethical in a margin account that does not have a written trading authorization from the customer? The customer directing that the agent:A. buy 1,000 shares of ABCD sometime during that day and the agent executing the trade at the market close that dayB. sell short 500 shares of DEF whenever he thinks the time is right and the agent executing the trade at 2:00 PM ET that dayC. buy 1,000 shares of a high dividend paying stock as soon as possible and the agent executing the purchase of 1,000 shares of PDQQ 10 minutes laterD. sell his entire holding of DEFF stock at whatever the agent thinks is the best price that day and the agent immediately places a market order to sell that is executed 1 minute later
Trading authorization is the grant of sole authority to a broker or trading agent to oversee and manage a client's investment accounts.
What is meant by Trading Authorization?The degree of authority given by a client to a broker or agency is referred to as trading authorization. The acts that an agent may take, such as purchasing or selling, are determined by the trading authority.
An agent or broker may place orders or contact a client's account with the use of limited trade authorization, a type of discretionary trading authority. The agent's limited trading authority does not permit the withdrawal of account funds, but it does permit acting on behalf of an investor.
Therefore, the correct answer is option D. sell his entire holding of DEFF stock at whatever the agent thinks is the best price that day and the agent immediately places a market order to sell that is executed 1 minute later.
The complete question is:
Which of the following actions on the part of an agent is unethical in a margin account that does not have a written trading authorization from the customer? The customer directing that the agent:
A. buy 1,000 shares of ABCD sometime during that day and the agent executing the trade at the market close that day
B. sell short 500 shares of DEF whenever he thinks the time is right and the agent executing the trade at 2:00 PM ET that day
C. buy 1,000 shares of a high dividend paying stock as soon as possible and the agent executing the purchase of 1,000 shares of PDQQ 10 minutes later
D. sell his entire holding of DEFF stock at whatever the agent thinks is the best price that day and the agent immediately places a market order to sell that is executed 1 minute later
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TRUE OR FALSE failure to include project management in the wbs will increase the likelihood that the project will not be completed on time and within budget.
The correct answer is "True". The purpose of including project management in the WBS is to help project managers more effectively understand the tasks associated with a project.
In project management, WBS stands for Project Structure Planning. It's a basic tool that helps you plan, manage, and evaluate large projects, so let's learn a little more. A WBS is defined as "the results-oriented, hierarchical decomposition of the work that a project team must perform to achieve the project's objectives and produce the required deliverables." Organize and define the overall scope of your project. WBS helps distribute tasks. When a project is broken down into manageable tasks or packages, it's much easier to assign them to the right people.
A work breakdown structure is a visual representation of the hierarchical breakdown of all deliverables or tasks required to complete the final product of a project.
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which of the following is not a reason why standard deviation is important to finance? it helps in hypothesis testing. it has predictive power. it is a measure of risk. it forms the basis of the normal distribution.
Financial advisors who need to assess the profitability of various projects must do hypothesis testing. Thus, this justification does not demonstrate the significance of standard deviation to finance.
What is standard deviation?The term "standard deviation" (or "") refers to a measurement of the data's dispersion from the mean. A low standard deviation implies that the data are grouped around the mean, whereas a large standard deviation shows that the data are more dispersed. Because it aids in comprehending measurements when the data is scattered, standard deviation is significant. The standard deviation of the data will be higher the more evenly dispersed the data is."A large standard deviation isn't always a bad thing; it just represents a large degree of variance in the group that is being investigated," explains Rumsey in Statistics for Dummies..To learn more about standard deviation, refer to:
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in this activity, you will use online resources to find a person that gained unintentional social media exposure.
Have you ever regretted what you shared on any social networking site? Have you been concerned about sharing your information online?
Use online resources to find a person that gained unintentional social media exposure. Provide the name of the person.
Describe how the person became popular online unexpectedly.
Explain how this could have been prevented?
Answer:
The person who gained unintentional social media exposure is Christian Clay, a college freshman from Florida. He gained online fame when his mother, who was disappointed with his academic performance, tweeted about him in an attempt to shame him. The tweet went viral and Clay was soon being recognized by people online who wanted to show their support for him.
Clay became popular online unexpectedly because his mother's tweet was picked up by multiple social media users and circulated around the internet in a matter of hours. This could have been prevented if Clay's mother had not tweeted about her son in the first place. Additionally, Clay could have avoided this situation by being more mindful of his online presence and being more aware of the potential consequences of having his personal information available to the public.
Explanation:
kyoko buys a new bmw, which was assembled in germany. kyoko gets a new video camera made in the united states. the federal aviation administration expands the runways at philadelphia international airport, which is just a few miles from jacques and kyoko's house. kyoko's father in sweden orders a bottle of vermont maple syrup from the producer's website. jacques's employer upgrades all of its computer systems using u.s.-made parts.
Koku receives a brand-new, American-made video camera. Consumption, now more widely known as "tuberculosis," is a bacterial infection that typically affects the lungs of a patient, resulting in a chronic wet cough, breathing difficulties, a fever, exhaustion, and sweating.
What is video camera?An optical tool used to record videos is a video camera. Although they were primarily created for the television industry, video cameras are now widely employed for a variety of other uses. There are mainly two ways to use video cameras. A videocam is a portable camera that can record moving pictures. a piece of technology that takes individual frames from movies and records them. The amount of horizontal lines that make up each frame, which impacts how visually appealing an image will be in general, is recorded.A camcorder is a small, portable recording device that can record both audio and video of real-time events for later viewing (camera recorder). Using a video camera, one can produce an electronic motion picture.To learn more about video camera refer to:
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compute break-even sales (in units) when fixed costs are $420,000, unit selling price is $66, and unit variable cost is $42.O 20.300 unitsO 11.500 unitsO 10.500 unitsO 17.500 units
Total Fixed Costs / Break-even Sales (Contribution Margin) (Variable Costs / Revenues) / 1 = Contribution Margin
When fixed costs are 100,000 and breakeven units are 5000, What is the contribution margin per unit?This means that each dollar of sales contributes $0.40 to covering fixed costs and producing net income. The sales volume required to break even is USD 100,000. (5,000 units at USD 20 per unit). Fixed costs plus variable costs equal sales income at this level of sales.
How are units' break-even points determined?Fixed costs minus the contribution margin per unit equals the break-even point in units. You may calculate how many units you must sell to make a profit by using your break-even point in units.
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nataro, incorporated, has sales of $670,000, costs of $332,000, depreciation expense of $76,000, interest expense of $48,000, a tax rate of 23 percent, and paid out $45,000 in cash dividends. the firm has 27,800 shares of common stock outstanding. a. what is the earnings per share, or eps, figure?
The formula for EPS is Net Income divided by the total number of outstanding shares. EPS is $1.77 or $49,220 / 27,800.
How is this calculated?
Earnings per share = NI/number of outstanding shares
1)670000-332000-76000=262000
2)253000-48000=214,000
3) 214,000*.23=49,220
4)49,220/27800=1.77
A company's profitability is measured using the financial metric known as earnings per share (EPS), which computes the net income generated by each outstanding share of common stock. It serves as a common benchmark for determining the amount of net income that each share of common stock is entitled to, making it a useful tool for gauging a company's performance.Nataro, Inc.'s EPS is therefore $1.77. According to this, the firm earned $1.77 in net income for each share of common stock that a shareholder owned. This metric can be used to evaluate the profitability of various industries and gauge a company's progress over time.To learn more about Earnings per Share refer to:
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which of the following are common elements of a financial planning model? multiple select question. government approval pro forma statements elasticity of demand estimates economic assumptions sales forecast
"Economic assumptions" is one of a financial planning model's typical components.
Define the term economic assumptions?The assumptions which economists make about people, markets, or businesses are known as economic assumptions.
These presumptions are used to forecast how various participants in an economy would act and allocate scarce resources. Unlimited desires, self-interest in decision-making, as well as rational decision-making are examples of assumptions.A number of things influence the complicated social science of economics. Economists make an assumption in various economic models to regulate the model and better comprehend a particular theory and outcome in order to better grasp these elements. To explain how people and businesses employ their resources, several economics disciplines have their own presumptions.Thus, Economic assumptions is one of a financial planning model's typical components.
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if interest rates in the u.k. are higher than those in the united states, then the pound shows a forward discount, which means the forward rate is less than the spot rate. true or false
The concept here is Interest rates, the amount charged over and above the principal amount by the lender. The answer is, true.
When UK interest rates are higher than US interest rates, the pound is discounted forward, which means the forward rate is lower than the spot rate. The interest rate is the amount of interest payable for the period in relation to the amount borrowed, deposited, or borrowed.
The total interest on the amount borrowed or borrowed depends on the principal amount, the interest rate, the compounding frequency, and the duration for which it is deposited or borrowed.
The most obvious is the coordination between savers and borrowers; Savers earn interest to defer their consumption to a future date, while borrowers pay interest to consume more now.
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Amy Austin established an insurance agency on March 1 of the current year and completed the following transactions during March:
-Opened a business bank account with a deposit of $50,000 from personal funds.
-Purchased supplies on account, $4,000.
-Paid creditors on account, $2,300.
-Received cash from fees earned on insurance commissions, $13,800.
-Paid rent on office and equipment for the month, $5,000.
-Paid automobile expenses for month, $1,150, and miscellaneous expenses, $300.
-Paid office salaries, $2,500.
-Determined that the cost of supplies on hand was $2,700; therefore, the cost of supplies used was $1,300.
-Billed insurance companies for fees earned for commissions, $12,500.
-Withdrew cash for personal use, $3,900.
Indicate the effect of each transaction and the balances after each transaction.
The effect of each transaction and the balances after each transaction:
1. Opened a business bank account with a deposit of $50,000 from personal funds.
Effect: Increase in Cash, Increase in Owner's Equity
Balances: Cash: $50,000, Owner's Equity: $50,000
2. Purchased supplies on account, $4,000.
Effect: Increase in Accounts Payable, Increase in Supplies
Balances: Accounts Payable: $4,000, Supplies: $4,000
3. Paid creditors on account, $2,300.
Effect: Decrease in Accounts Payable, Decrease in Cash
Balances: Accounts Payable: $1,700, Cash: $47,700
4. Received cash from fees earned on insurance commissions, $13,800.
Effect: Increase in Cash, Increase in Revenue
Balances: Cash: $61,500, Revenue: $13,800
5. Paid rent on office and equipment for the month, $5,000.
Effect: Decrease in Cash, Increase in Rent Expense
Balances: Cash: $56,500, Rent Expense: $5,000
6. Paid automobile expenses for month, $1,150, and miscellaneous expenses, $300.
Effect: Decrease in Cash, Increase in Automobile Expenses and Miscellaneous Expenses
Balances: Cash: $54,150, Automobile Expenses: $1,150, Miscellaneous Expenses: $300
7. Determined that the cost of supplies on hand was $2,700; therefore, the cost of supplies used was $1,300.
Effect: Decrease in Supplies
Balances: Supplies: $2,700
8. Billed insurance companies for fees earned for commissions, $12,500.
Effect: Increase in Accounts Receivable, Increase in Unearned Revenue
Balances: Accounts Receivable: $12,500, Unearned Revenue: $12,500
9. Withdrew cash for personal use, $3,900.
Effect: Decrease in Cash, Decrease in Owner's Equity
Balances: Cash: $50,250, Owner's Equity: $46,100
What is transaction in business? A transaction in business is an exchange of goods, services, or financial assets. Transactions occur when two or more parties agree to the transfer of something of value. Business transactions consist of buying, selling, and trading goods and services. Transactions may involve cash, credit, bartering, or combinations of these methods. Business transactions are documented and tracked in order to accurately record and analyze the flow of funds. Transactions provide a way to measure the success of a business and help to identify financial trends. Transactions can be used to track sales, purchases, investments, and other activities. Transactions are also used to calculate taxes, assess fees, and manage inventory. By tracking transactions, businesses can improve their efficiency and profitability. Transactions can also help businesses to identify areas of opportunity by providing insight into customer preferences and patterns. Transactions also allow businesses to identify and prevent fraudulent activities.To learn more about transaction refer to:
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The focus of the ________ was to sell more of what the manufacturing department was able to produce.
A) marketing concept
B) sales orientation
C) product orientation
D) production orientation
E) market orientation
B) sales orientation, The focus of the sales orientation was to sell more of what the manufacturing department was able to produce.In contrast to the marketing idea.
which strives to discover customer wants, the selling concept finds prospects and promotes the benefits of the product. While marketing concepts may emphasize the development of new items, selling concepts imply that the product will not sell without a strong sales effort. A business strategy in which a corporation concentrates on selling its products to potential clients in target markets is referred to as sales orientation. Outbound sales strategies are typically used by sales teams to market items and increase revenue. may emphasize the development of new items, selling concepts imply that the product will not sell without a strong sales effort. A business strategy in which a corporation concentrates on selling its products to potential clients in target markets.
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self-test 1-1: business process cycle and transactions the text discusses five different business process cycles. match the business transactions on the cards to the correct business process cycles columnRevenue Cycle Receive ordered goods from EAB company Expenditure Cycle Ship goods to LFR company Order office supplies on CLR company website Launch an initial public offering for your software company Production or Conversion Cycle Build cabinets for custom home Finalize new commission structure for sales peopleFinalize designs for new heavy duty snowmobile Human Resources and Payroll Cycle Teach a new security training course to employees Financing CycleRefinance a commercial real estate loan to lower interest rates
(TPS) as an activity consisting of three major subsys- tems called cycles: the revenue cycle, the expenditure cycle, and the conversion cycle.
What precisely are business process transactions?
Business transaction procedures, A transaction in the real world is the activity that occurs between the parties engaged in a business process that works toward the wider corporate aim. Sometimes the entire company process is seen as a single transaction.
The fundamental exchanges may be classified into five primary transaction cycles.
Interactions with clients are part of the revenue cycle.
Interactions with suppliers during the expenditure cycle.
Give work and raw resources; receive completed result.
Payroll/human resources cycle—Give money; obtain labor.
Financing cycle—Give money; receive money.
Transaction processing is a type of computing that supports interactive applications and is often conducted by big server computers. Work is separated into distinct, indivisible activities called transactions in transaction processing.
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Overall,_______ countries benefit from the fall in the world price of clothing, while_______ countries are harmed by the price change.
Overall, importing countries benefit from the fall in the world price of clothing, while exporting countries are harmed by the price change.
When a country imports goods, it represents a capital outflow from that country. Importers are local businesses that make payments to exporters, who are foreign entities. Imports at a high level indicate strong domestic demand and a growing economy. This implies that importing countries benefit from the fall in the trade price, while those exporting are harmed.
A healthy economy is one in which both exports and imports are increasing. This is usually indicative of economic strength and a long-term trade surplus or deficit. If exports are increasing while imports are declining, it may indicate that foreign economies are doing better than the domestic economy.
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Assume interest is compounded monthly. The ___ annual rate will express this rate as though it were compounded annually.effective
Assume interest is compounded monthly. The effective annual rate will express this rate as though it were compounded annually.
Give a brief account on effective annual rate.When the benefits of compounding over time are taken into account, an effective annual interest rate represents the true return on a savings account or any other investment that pays interest. It also displays the actual percentage rate of interest paid on any other debt, including loans and credit card debt. The annual equivalent rate (AER) or effective interest rate are other names for it. The genuine interest rate pertaining to a loan or investment is shown by the effective yearly interest rate. Its most important characteristic is that the effective yearly interest rate takes into consideration the fact that greater effective interest rates will come from more frequent compounding periods. For example : Imagine you had two loans with a stated interest rate of 10% each, one of which compounds once a year and the other of which compounds twice a year. The loan that compounds twice a year will have a higher effective yearly interest rate, even though both have a stated interest rate of 10%.
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under the provisions of the prudent investor act, all of the following statements are true regarding the management of trust accounts with multiple beneficiaries except the fiduciary: a must manage the trust impartially, taking into account the differing needs of the trust beneficiaries b must manage the trust to meet the needs of older beneficiaries before considering the needs of the younger beneficiaries
Under the provisions of the prudent investor act, all the statement are true except is judged based on the performance of each individual investment chosen in the account.
Option B is correct.
Elaborating:Unlike the outdated "prudent man rule," which only required investments to be low-risk, the "Prudent Investor Act" gives fiduciaries much more freedom in how they can divide trust assets among various investment classes.
The idea is that modern portfolio theory can be used to diversify assets and achieve a higher return that justifies the strategy's additional "risk" if the strategy is consistent with the beneficiaries' investment goals and needs. The fiduciary is evaluated based on the performance of the entire portfolio rather than the performance of each individual investment.
The Act permits the fiduciary to contract with an outside investment adviser to manage trust assets because doing so may necessitate a higher level of expertise. The fiduciary must act impartially and take into account the requirements of each beneficiary in any trust with multiple beneficiaries.
Question is incomplete:
Under the provisions of the Prudent Investor Act, all of the following statements are true regarding the management of trust accounts with multiple beneficiaries except the fiduciary:
A. must manage the trust impartially, taking into account the differing needs of the trust beneficiaries
B. is judged based on the performance of each individual investment chosen in the account
C. should seek to maximize portfolio performance and can assume extra risk consistent with the beneficiaries' investment objectives and needs
D. is permitted to delegate investment decisions to qualified agents without needing consent of the beneficiaries
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securities are debt investments that the company intends to actively buy and sell for profit. they are always classified as current assets.
true or false
Trading securities are debt and equity securities that the company intends to actively manage and trade for profit. They are always classified as current assets.
Equity securities represent a claim on the earnings and assets of a corporation, while debt securities are investments in debt instruments. For example, a stock is an equity security, while a bond is a debt security. A security, in a financial context, is a certificate or other financial instrument that has monetary value and can be traded. Securities are generally classified as either equity securities, such as stocks and debt securities, such as bonds and debentures. Securities are fungible and tradable financial instruments used to raise capital in public and private markets. Debt securities are negotiable financial instruments, meaning they can be bought or sold between parties in the market. They come with a defined issue date, maturity date, coupon rate, and face value. Debt securities provide regular payments of interest and guaranteed repayment of principal.
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which of the following are fixed costs relative to the number of units produced and sold? (check all that apply.) multiple select question. building rent commissions based on sales straight-line depreciation manager's salary
From the following the fixed costs are building rent, straight-line depreciation, manager's salary.
Fixed costs are expenses that remain constant regardless of whether sales or production volumes rise or fall. Because they are not directly involved in the process of creating a good or rendering a service, this is the case. Fixed costs are therefore regarded as indirect costs.
One of two categories of corporate expenses—the other being variable costs—is this one. As manufacturing volume changes, so do the variable costs. High executive salaries, rent, depreciation, and insurance are a few examples of fixed costs. Fees for transportation, raw materials, and commissions are a few examples of variable costs.
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Out of the alternatives provided above, the heads such as building rent, depreciation, and the salary of the manager are to be taken as the fixed costs relative to the number of units produced and sold by the firm. Therefore, the options A, C and D hold true.
The fixed costs of any accounting organization can be taken into understanding as the costs that are usually required for the activities over a longer period of time. It can also be said that the firm's the fixed costs do not increase or decrease irrespective of the number of units produced by the accounting firms.
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ons home builders, inc., has built 29 houses so far this year at a total cost to the company of $7.975 million. if the company builds a 30th house, its total cost will increase to $8.25 million. which of the following statements is correct?
The marginal cost of the 25th house, if it is built, is $250,000 therefore, statement b is correct. To find the average cost per house, we divide the total cost of building 24 houses by the number of houses.
Home builder cost refers to the expenses incurred by a home builder, such as materials and labor, in the construction of a new home. It can also refer to the total cost of a new home, including land and other expenses, as determined by a home builder.
To calculate the marginal cost of the 25th house, we need to determine the increase in total cost that results from building it. To do this, we can subtract the total cost of the first 24 houses from the total cost of building the 25th house:
$5.05 million - $4.80 million = $250,000
The question above is incomplete, the complete question is:
Acme Home Builders, Inc., has built 24 houses so far this year at a total cost to the company of $4.80 million. If the company builds a 25th house, its total cost will increase to $5.05 million. Which of the following statements is correct?
a. For the first 24 houses, the average cost per house was $205,000.
b. The marginal cost of the 25th house, if it is built, will equal $250,000. c. If the company can sell the 25th house for at least $202,000, then it should build it.
d. All of the above are correct.
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prepare a journal entry on april 30 for fees earned on account, $12,980. refer to the chart of accounts for the exact wording of the account titles. know journals do not use lines for journal explanations. every line on a journal page is used for debit or credit entries. know journals will automatically indent a credit entry when a credit amount is entered.
Journal entries are used to document daily business transactions for the organization. This comprises credit and debit, both of which must always have an equal value. The accounting cycle begins with this stage.
Accounting entries are described using the phrases debit and credit. A debit entry and a credit entry are required for every journal entry. Credit is the right-side entry, and debit is the left-side entry. Debits reduce liabilities, raise assets, and lower equity. In contrast, credits boost equity while increasing liabilities and decreasing assets. The accounting equation (assets = liabilities + equity) will be valid as long as debits and credits are equal.
Journal Entry:
Particulars Debit Credit
Accounts Receivables A/c Dr. 12,980
To Fees earned 12,980
(Fees on account being recorded)
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equipment should be inspected and reported to whom at the start of the production day mssc ?
Periodic inspection is necessary whenever use or outside factors have the potential to cause wear and tear, aging, or damage. How frequently you must do this is up to you. It depends on the tools and how frequently you use them.
Who will do the inspection is up to you. An institution or expert must conduct the inspection. For instance:
a private inspection/testing firm
The upkeep provided by the supplier
own technical assistance depertment
A certification body must inspect specific types of industrial equipment, such as mobile cranes, pressure equipment, or containers (in Dutch).
evidence of inspection
You must have documentation of the test or inspection. A sticker or other written proof, for instance, that includes the dates of the most recent and subsequent inspections. You can use this to demonstrate to the Netherlands Labour Authority that you have fulfilled your inspection duties.
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synapz, a manufacturer of office automantion products, recently received a patent for an advanced therapeutic ergonomics technology. by doing this snyapz has: A) created entry barriers
B) introduced product differentiation
C) locked in its suppliers
D) reduced the cost of operations
The correct option A) created entry barriers. An innovative therapeutic ergonomics technology was recently granted a patent by synapz, a producer of office automation solutions. Snyapz has blocked entry by doing this.
Define the term patent?A government-granted property right to an invention is a patent. This grant confers temporary exclusivity on the inventor over the patented invention in consideration for a full disclosure of the invention. They stand for some intangible right.Utility patents:Patents for invention, often known as utility patents, provide individuals with legal protection when they develop novel and practical methods, goods, tools, or materials.
Design Patents:Patents for creative, innovative, and aesthetic designs of manufactured goods are known as design patents. Design patents safeguard an object's appearance or design.
Thus, a innovative therapeutic ergonomics technology was recently granted a patent by synapz, a producer of office automation solutions. Snyapz has blocked entry by doing this.
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identify which of the following statements about generally accepted accounting principles are correct:
A corporation may choose to not follow a principle if doing so may produce information which is misleading and These principles are developed by the Financial Accounting Standards Board are correct.
A corporation is a legal body whose owner(s) elect a board of directors to manage the organization's affairs. Shareholders are not responsible for the company's operations or financial condition; the corporation is. In India, a corporation or company is referred to as a commercial entity with a separate legal identity, or one that is different from that of its owners. In its own name, every corporation may bring a lawsuit or be sued. Unrelated to its owners, a company is a separate legal entity. Numerous legal rights and obligations apply to businesses just like they do to people. They are able to make agreements, lend and borrow money, file lawsuits and defend them, appoint personnel, possess property, and pay taxes.
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suppose the civilian non-institutional working-age population of a fictional economy falls into the following categories: 90 are retired or homemakers; 60 have full-time jobs; 20 have part-time jobs; 20 do not have employment, but are actively looking for job; and 10 would like employment but do not have employment and are not actively looking for jobs.
In economics, the unemployment rate is the percentage of the labor force that is without a job. It depicts a nation's unemployment rate.
Workforce is populace inside the functioning age and incorporate the people who are utilized and the individuals who are jobless yet effectively searching for business. The unemployment rate is equal to the number of employed people multiplied by the number of unemployed people.
Another monthly increase, this time to 29.9 million payrolled employees, according to the most recent estimate for December 2022, an increase of 28,000 over the revised November 2022 numbers. The quarterly unemployment rate for September to November 2022 increased to 3.7% by 0.2 percentage points.
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which of the following is generally accepted as a valid criticism of the production of useful goods and services?'
C) Whereas macroeconomics focuses on the performance of the entire economy, microeconomics focuses on the behavior of individual consumers and businesses.
Thirdly, specialization enables businesses to benefit from economies of scale, which means that the average cost of producing each unit for many goods decreases as the level of production rises.
A command economy is one in which all economic decisions are made by the central government. Private individuals make decisions on the basis of profit in a system known as capitalism.
Efficiency. Utilizing resources in a manner that maximizes the production of goods and services is efficiency. It is efficient for an economy to produce output levels on the production possibilities frontier.
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It would be considered a prohibited activity for an agent to engage in any of the following activities EXCEPT:
A) sharing in profits of an account as a reward for the agent's recommendations exceeding the S&P 500.
B) failing to record exempt transactions on the broker-dealer's books and records.
C) executing a transaction in a nonexempt security in a discretionary account.
D) trading in the account of a conservative client exclusively in initial public offerings with proper trading authorization from the client.
Answer:
B. failing to record exempt transactions on the broker-dealer's books and records.
Explanation:
You must record the transactions.
Multiple Select Question Select all that apply Production activities include: (Check all that apply.) using materials. purchasing materials. selling finished products. production workers assembling products. incurring overhead costs.
Production activities include production workers assembling products , using materials , incurring overhead costs.
What is Production activity ?
Production activity is the term used to describe the work carried out to produce a good. Both large-scale and small-scale industries are capable of carrying out these tasks. Land, capital, and labor are the three inputs needed for production.
An example of a production activity is the manufacture of cellphones by a manufacturing company. The creation of automobiles is an illustration of production.
What do economic producing activities entail?
Economic production is an activity that is managed and accountable by an institutional unit and that uses labor, capital, goods, and services as inputs to produce outputs of goods or services.
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insurnce how long must initial disclosures and compensation arrangements should be offered to a client
The insurance companies' initial disclosures and compensation arrangements should be offered to a client for at least 48 hours.
The insurance companies are under an obligatory compliance to make disclosures to their clients related to the compensation, which are to be made in case of the happening of the events that take place. These must be made at least two days prior. Moreover, the insurance companies are also under regulations of the regulators and official authorities that are responsible for governance related to the same.
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Initial disclosures and compensation plans from the insurance firms must to be made available to a client for at least 48 hours.
The provision of information to clients about compensation that will be provided in the event that certain events occur is required of insurance firms by law. They must be prepared at least two days in advance. Additionally, the insurance businesses are governed by regulators and official authorities that are in charge of the governance of the same.
When a claim is approved, a payout is a sum of money given to the policyholder. It is a monetary amount, particularly a sizable one, that is given to someone, for instance, by an insurance provider.
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