Untrue Budget A plan that details how much cash you expect to bring in (your income) and how you intend to spend it (your expenses) over the course of a specific time period is known as a spending plan.
Your income and your expenses are the two components to take into account while creating a budget and planning. A budget is a set of objectives for how you want to spend, save, and invest the money you receive. It's a good idea to keep track of your earnings and outgoings for a month or two before creating a budget. Central banks, retail and commercial banks, internet banks, credit unions, savings and loan organizations, investment banks and corporations, brokerage firms, insurance companies, and mortgage companies are the main kinds of financial institutions.
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Question 6 (Personal finance help urgently
dissatisfaction may occur shortly after a purchase; this is called cognitive dissatisfaction (T/F)
TRUE Cognitive dissatisfaction is a type of discontent that can happen soon after a purchase. The most basic need according to Maslow's hierarchy of needs is safety.
The consumer purchasing decision-making process, once started, invariably results in a purchase. The link between consumer expectations and the product's perceived performance holds the key to the solution. Consumers experience disappointment when a product doesn't live up to their expectations, satisfaction when it does, and ecstasy when it exceeds their expectations. The wider the discrepancy between expectations and performance, the more dissatisfied the customer. This shows that in order to keep customers happy, vendors should create product promises that accurately describe the product's functionality. Some vendors may even exaggerate performance levels to increase customer satisfaction.
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What criticism of the consumer price index is a measure of the cost of living?
The consumer price index is the criticism to measure of the cost of living that "does not account for the improvement in the quality".
The consumer price index is the index of price in which the average market basket of the consumer products and services which is purchased by the households. The consumer price index for customer is a low CPI is better than the high one for the consumer.
If the price of the products or services increases, then the consumers will look for the cheaper substitute and which is not reflected in the consumer price index and the substitute good is a new product.
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greenpeace is the most visible environmental organization that campaigns on worldwide issues such as climate change and overfishing. this nonprofit organization advocates for environmental preservation. which component of the specific environment is this example about?
The illustration given concerns a particular group, Greenpeace, and its efforts to promote environmental protection.
Is there a single worldwide or two?worldwide is the right pronunciation of this term. It has the capability to signify "expanding or ranging throughout the earth" as an adjective or an adverb. Worldwide has no comma or space between the terms "world" and "wide," making it a closed composite word.
What is a statement that uses the word worldwide?And over 20 million copies of his works have been distributed globally. Military technology study is heavily pursued on a global scale. The word worldwide is also used. Doctors are currently worried about a global pandemic.
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how else are companies promoting their brand / products / services leading up to, during or after the super bowl?
The demand for Super Bowl commercial slots doesn't seem to be slowing down, despite the advertising industry's economic caution.
The Super Bowl is the National Football League's (NFL) final playoff game each year to decide the league champion. Since 1966, it has taken the place of the NFL Championship Game as the season-ending game for each NFL season. The match has been held on the second Sunday in February every year since 2022. Early to mid-January Sundays from 1967 to 1978, late January Sundays from 1979 to 2003, with the exception of 2002[a], and the first Sunday of February from 2004 through 2021 were all used for previous Super Bowls. The Vince Lombardi Trophy, named after the head coach of the Green Bay Packers who won the first two Super Bowls, is given to winning teams.
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FILL IN THE BLANK. a financial plan looks at what needs to be done in the _____.
A financial plan looks at what needs to be done in the future because financial plans are forecasts, they seldom happen as foreseen, but they allow managers to examine goals.
Financial Planning is an essential portion of both personal and organizational financial management. Financial planning is nothing but the process of determining your future needs in terms of investment, resources, funds determining the sources of funds, managing or utilizing these funds efficiently and identifying risks and issues in the plan.
There are a number of key elements that are typically involved in a good financial plan. Although they all affect your money in different ways, their cumulative effect dictates what your financial future will look like.
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what happens to the equilibrium price and quantity when demand decreases and at the same time supply increases, and the demand shift is relatively smaller than the supply shift?
a. Both the equilibrium price, and the equilibrium quantity will rise.
b. The equilibrium price falls, and the equilibrium quantity rises.
c. The equilibrium price rises, and the equilibrium quantity falls.
d. Both the equilibrium price and quantity will fall.
When demand decreases and at the same time supply increases, and the demand shift is relatively smaller than the supply shift, the equilibrium price falls, and the equilibrium quantity rises.
The reason for this is that the increase in supply will lead to a surplus of the product at the original equilibrium price. This surplus will put downward pressure on the price, causing it to fall.
At the same time, the decrease in demand will lead to a lower equilibrium quantity. However, because the supply shift is relatively larger, the overall effect on the equilibrium quantity is an increase.
Therefore, the correct answer is (b) The equilibrium price falls, and the equilibrium quantity rises.
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Which of the following two principles are contained in the marketing concept?
a. An organization should try to achieve its own goals
b. an organization should strive to satisfy the needs of consumers
c. an organization should focus its activities on outperforming its competition d. an organization should limit its actions to those that maximize benefits to shareholders
Option B: The marketing philosophy stresses that a company should work to meet customers' requirements. Hence, the marketing concept's guiding idea.
Option A does not necessarily fit within the marketing paradigm since it emphasizes organizational objectives over customer demands.
Option C discusses the marketing advantage, which is not the marketing concept's main point of emphasis.
Option D deals with increasing shareholder advantages, which is more of a financial than a marketing objective.
The term "e-commerce" which stands for "electronic commerce," describes the exchange of products and services through the internet. It covers a variety of business activities, including business-to-business (B2B) commerce and online retail sales.
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Which one of the following statements related to corporate income taxes is correct? Multiple Choice a. Above a certain level, if the corporation earns additional income, it will be taxed at a higher rate. b. Corporations pay the same rate of taxes regardless of the amount of taxable income. c. A corporation's taxes equals its taxable income multiplied by the marginal tax rate. d. The marginal tax rate will always exceed a corporation's average tax rate. e. A corporation's marginal tax rate must be equal to or lower than its average tax rate
Option C, The assertion about corporate income taxes is valid since the marginal tax rate will always be higher than the average tax rate.
The marginal tax rate will always be greater than the average tax rate when it comes to company income taxes, which is the correct position.
The marginal tax is the percentage of tax paid on a corporation's final dollar of income received, whereas the average tax rate is the total tax received divided by total taxable revenue.
The marginal tax rate is frequently higher than the average tax rate since it applies to the next dollar of income earned, which is taxed at a higher rate due to the progressive nature of the corporate income tax system.
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_____ holds that individuals must decide what is ethical based on their own feelings about what is right and wrong.
The ethical theory that holds that individuals must decide what is ethical based on their own feelings about what is right and wrong is called ethical subjectivism.
Ethical subjectivism is a meta-ethical theory that maintains that moral statements are not objectively true or false, but rather are expressions of personal attitudes and preferences. According to this theory, there is no objective standard for determining what is right or wrong, good or bad, moral or immoral. Instead, individuals must decide for themselves what they believe to be ethical based on their own feelings, emotions, and personal beliefs. In ethical subjectivism, the source of ethical values lies within the individual, rather than in external factors such as cultural norms or religious doctrine. Proponents of this theory argue that individuals have the right to determine their own moral values and that morality is a matter of personal preference. They maintain that there are no objective standards that can be used to determine whether an action is right or wrong, and that each person must decide for themselves what is ethical based on their own subjective experiences and beliefs. Critics of ethical subjectivism argue that this theory is flawed because it fails to recognize the importance of objective standards in determining what is right or wrong. They maintain that there are certain moral principles that are universally applicable, such as the principle that it is wrong to harm innocent people, and that these principles should serve as a guide for ethical decision-making. Despite these criticisms, ethical subjectivism remains a popular theory in moral philosophy, particularly among those who value individual autonomy and personal freedom. Proponents of this theory argue that ethical subjectivism allows for a wide range of moral diversity and encourages individuals to take responsibility for their own moral decisions, rather than relying on external authorities to tell them what is right or wrong.
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What happens to interest earned if the annuitant dies before the payout start date?
A. It is taxable
B. It is taxable only if no beneficiary is named
C. It is not taxable
D. It is only taxable if contract has been in force under one year
The correct option is A, it is taxable to interest earned if the annuitant dies before the payout start date.
Taxable refers to the income, property, or transaction that is subject to taxation by the government. In general, taxable items are those that generate income or value and are subject to taxation under the laws of the country or jurisdiction where they are located.
Income tax is the most common type of taxation, and individuals and businesses are required to pay taxes on their income that exceeds a certain threshold. Other examples of taxable items include property, such as real estate, which is subject to property tax, and goods and services, which may be subject to sales tax, value-added tax (VAT), or excise tax. In some cases, certain types of income or transactions may be exempt from taxation, such as tax-exempt bonds, tax-free investments, and non-taxable income from certain sources, such as disability or insurance benefits.
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which group mechanism describes the creation and composition of teams?
A group mechanism that describes the creation and composition of teams is team characteristics and diversity
Team characteristics are the distinctive attributes and characteristics of the team as a whole. This comprises elements like abilities, knowledge, personality, and working methods. Teams with a variety of traits may have a greater range of viewpoints and capabilities, which can improve their ability to solve problems and make decisions. Teams with too much variety, nevertheless, may also struggle with conflicts and poor communication.
Diversity refers to the various variances that team members have from one another. This can include variations based on race, gender, age, culture, dialect, and other factors. Diversity can open the team up to a wider perspective, which can lead to more unique and innovative ideas. Diversity can occasionally generate issues since team members may have multiple communication styles, cultural norms, and expectations.
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the process of attempting to ascertain the supply of and demand for various types of human resources is called
The process of attempting to ascertain the supply of and demand for various types of human resources is called forecasting.
What is forecasting?
The method of forecasting entails making predictions based on historical and current data. These can then be contrasted with what transpires. For instance, a business might predict its revenue for the following year and then contrast that prediction with the real outcomes. A similar but more broad word is prediction. The term "forecasting" can apply to a variety of formal statistical techniques using time series, cross-sectional data, or longitudinal data, as well as to less formal judgmental techniques or the prediction-resolution process itself. Usage varies depending on the application region.
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kellen is selling a vehicle which has been previously been in an accident and which shows obvious damage. if he does not tell the buyer about the accident, has he committed fraudulent misrepresentation?
If the buyer does not inquire about the vehicle's history, then no, he has not engaged in false misrepresentation.
What does misrepresenting a contract's terms and conditions mean?When a false statement is made willfully, carelessly, or with no conviction that it is accurate, it is considered fraudulent misrepresentation. Negligent misrepresentation is defined as a representation that is made carelessly and in breach of the duty that Party A owes to Party B to use reasonable care to ensure the representation is accurate.
How do you deal with deceptive and misleading representation?Depending on the situation, the remedies for false misrepresentation may include revocation of the contract or monetary compensation. The most common solution is contract termination since fraudulent misrepresentation renders a contract voidable (as opposed to simply "void").
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what two benefits are associated with companies' effort to increase social responsibility?
Companies that prioritize social responsibility can enjoy a number of benefits that extend beyond their immediate bottom line. Two primary benefits include improved reputation and increased stakeholder engagement.
Firstly, companies that prioritize social responsibility can benefit from an improved reputation among consumers, investors, and other stakeholders.
By adopting socially responsible practices, companies can demonstrate a commitment to ethical and sustainable business practices, which can enhance their brand image and attract customers who value these qualities.
Moreover, a strong reputation for social responsibility can help companies attract and retain top talent, as employees are often drawn to organizations that align with their personal values. Secondly, companies that prioritize social responsibility can also benefit from increased stakeholder engagement.
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a dollar today is worth more than a dollar tomorrow if the interest rate is positive. T/F
The statement "a dollar today is worth more than a dollar tomorrow if the interest rate is positive" is true. This concept is known as the time value of money and is a fundamental principle in finance.
The time value of money refers to the idea that money today is worth more than the same amount of money in the future, due to the potential for that money to earn interest over time. When you invest money, you expect to receive a return on that investment in the form of interest or other gains. The rate of return that you expect to earn on an investment is referred to as the interest rate. For example, if you were to invest $100 today at a 5% interest rate, in one year, you would have $105 (the original $100 plus $5 in interest). Therefore, a dollar today is worth more than a dollar in the future, because the dollar today has the potential to earn interest and increase in value over time. This concept is important in financial decision-making, as it helps individuals and businesses make informed choices about when to spend money and when to save or invest it. For example, if you have the option to receive $100 today or $110 in a year, you would generally choose to receive the $100 today, because it has a higher present value (i.e. it is worth more today than $110 will be worth in a year, assuming a positive interest rate). It's worth noting that the time value of money can work in reverse if the interest rate is negative (i.e. if you expect to lose money on an investment). In this case, a dollar today would be worth less than a dollar in the future, because the potential loss of value would outweigh the benefits of having the money sooner.
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the demand state described when consumers share a strong need that cannot be satisfied by an existing product is _______________ demand.
The demand state described when consumers share a strong need that cannot be satisfied by an existing product is called latent demand.
This type of demand represents an unfulfilled desire for a product or service that is not currently available in the market.
Latent demand is often the result of changes in technology, demographics, or social attitudes that create new needs or desires among consumers. For example, the rise of electric cars has created a latent demand for charging stations that did not exist before. Similarly, the increasing awareness of the importance of sustainable and eco-friendly products has led to a latent demand for environmentally friendly options.
Businesses that are able to identify latent demand and develop products or services to meet these needs can create new markets and gain a competitive advantage. However, meeting latent demand can be challenging as it often requires significant investment in research and development, marketing, and distribution.
Overall, latent demand represents an important opportunity for businesses to innovate and meet the changing needs of consumers in a rapidly evolving marketplace.
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martin manufacturing has two manufacturing departments, forming and painting. the company uses the weighted-average method and it reports the following data. units completed in the forming department are transferred to the painting department. units direct materials percent complete conversion percent complete beginning work in process inventory 106,000 60% 40% units started this period 1,212,000 units completed and transferred out 1,192,000 ending work in process inventory 126,000 80% 30% production cost information for the forming department follows. beginning work in process direct materials $ 191,200 conversion 73,200 $ 264,400 costs added this period direct materials $ 5,755,680 conversion 4,354,080 10,109,760 calculate the equivalent units of production for both direct materials and conversion for the forming department. multiple choice 1,298,000 direct materials; 1,232,000 conversion. 1,275,000 direct materials; 1,255,000 conversion. 1,312,800 direct materials; 1,249,800 conversion. 1,318,000 direct materials; 1,318,000 conversion. 1,292,800 direct materials; 1,229,800 conversion.
In the above problem, note that the correct option is:
1,292,800 direct materials; 1,229,800 conversion. (Option 5)
To calculate the equivalent units of production, we need to account for the units that were completed and transferred out and the units in ending work in process inventory.
For direct materials:
Equivalent units of production = Units completed and transferred out + (Ending work in process inventory * percent complete)
= 1,192,000 + (126,000 * 80%)
= 1,192,000 + 100,800
= 1,292,800
For conversion:
Equivalent units of production = Units completed and transferred out + (Ending work in process inventory * percent complete)
= 1,192,000 + (126,000 * 30%)
= 1,192,000 + 37,800
= 1,229,800
Therefore, the correct option is 1,292,800 direct materials; 1,229,800 conversions. (Option 5)
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when your equity position in a security is less than the required amount, your brokerage firm will issue a: margin call. margin certificate. cash certificate. leverage call. limit order.
When your equity position in security is less than required amount, your brokerage firm will issue margin call.
What is brokerage?Buyers and sellers use a brokerage firm or brokerage company as a middleman to complete a transaction for stocks, bonds, options, and other financial instruments. The dealer receives payment in the form of commissions or fees after the transaction is completed. Businesses substitute this lost revenue from one source with another by paying trading commissions for other goods like mutual funds and bonds as well as paying the exchanges for sizeable orders. Brokerage companies exist to help their clients connect buyers and sellers at a price that benefits both sides in a trade while also charging a fee for their services. Additionally, full-service brokerages offer research and guidance on a variety of financial goods.
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a journal with two amount columns in which all kinds of entries can be recorded. is called ?
This is called general journal. A general journal is a volume of unedited business transactions listed in date-by-date chronological order. It is the initial location where a transaction is noted. After that, the funds are posted to the appropriate accounts, such as accounts receivable, cash, or asset accounts.
Financial transactions are documented in a general journal entry. The transactions are recorded in the order in which they happened. Typically, general journals include details about accounts transactions like cash receipts and payments. They may also include sales, purchases, and inventory balances. Every recorded transaction is summarised in the general ledger, whereas the general journal holds the original entries for the majority of low-volume transactions.
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a ________ is formed when a firm entering a market pools its resources with those of a local firm.
A joint venture is formed when a firm entering a market pools its resources with those of a local firm. A joint venture is a partnership between two or more parties that aims to develop one business or project for profit while splitting the associated risks.
The joint venture's participants must consist of at least two different natural persons or entities. Typically, two companies with complementary strengths form joint ventures. For instance, a technology company might form a partnership opens in new window with a marketing firm to market a cutting-edge product. A joint venture is a partnership between two or more parties that aims to develop one business or project for profit while splitting the associated risks.
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what is renewable resource profit maximization exercise
The renewable resources wind, solar etc. have be-come very important in the gene-ration mix as a result of rising energy dem-and and environ-mental reasons. In addition tax is being imposed on high carbon emis-sion.
Optimal control of a renewable resource always involves two primary considerations. In order to compensate wind inter-mittency, generation resources such as gas plant, pump-ed storage unit etc. are employed due to their less-er start up time, lower ope-rating cost and good ramp-ing capabilities. First, the sole owner is concerned about how to maximize net revenue derived from harvesting the resource in question. Second, from the society’s viewpoint there is the important issue of conserving the biological population since the social costs of depleting such a resource may be enormous for future generations.
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A conditional distribution summaries the information from one variable ONLY, without considering ANY information from another variable.True False
This statement is false: A conditional distribution summaries the information from one variable ONLY, without considering ANY information from another variable.
When you specify the values of other variables, a conditional distribution—a distribution of values for one variable—occurs. The name of this form of distribution comes from the ability to evaluate the dispersion of your interest variable under particular circumstances.
Although it may sound a little complicated, the concept is simple.
Consider that you sell computers and that you keep track of the gender and kind of computer for each sale. Imagine that you simply wish to analyze the distribution of computer kinds for female clients. That is a conditional distribution example. We are programming computers to type with the gender variable set to female.
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Location decisions are basically one-time decisions usually made by new true or FALSE
Location decisions are basically one-time decisions usually made by new organizations. This is false.
Locating the perfect geographic area to set up a facility or plant is known as location decision in operation management. Given that it has a significant effect on the organization's profitability, costs, and success, it is an essential part of facility planning. Over time, most businesses must make location choices. The organizations may group their facilities into a single unit or several units, depending on the nature of their company and the state of the market. It covers both the plant's physical site and its interior amenities.
Typically, a site choice is made when starting a new plant, moving an existing plant, or expanding an existing plant.
The choice is based on a number of variables that have both immediate and long-term effects on the company. These elements could include the size, makeup, and nature of the business.
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Which of these companies is taking advantage of the globalization of production?
a.ABC Fabrics, an American textile manufacturer, buys fabric from France and exports it to India for garment production.
b. DEF Group, a U.S.-based fashion designer, is planning to open a flagship store in China to serve the Asian market.
c. GH Waters, a U.K. facial products company, serves customers worldwide through its local franchises.
d. IJK Inc. uses sales personnel from the respective host country to sell its products and services.
e. LMNO Pie, an Italian pizza chain, customizes its pizzas and pastas to suit the tastes of its American and Australian customers.
An American textile company called ABC Fabrics imports fabric from France for use in clothing production in India.
The correct option is A.
What is globalization in simple words?Globalisation is a process that makes it simple for people and products to go beyond national boundaries. The interconnection of markets, commerce, and investments with minimal impediments to hinder the flow of goods and services across nations is primarily an economic notion.
Why is globalisation crucial?Secondly, globalisation makes it simpler for nations to obtain information from other cultures. Second, it boosts incentives for businesses to develop and acquire foreign technology by enhancing international competitiveness, notably as a result of the emergence of emerging market corporations.
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how can becoming aware of one's own biases improve e-commerce decisions?
The term business-to-consumer (B2C) refers to the process of selling products and services directly between a business and the consumer, the end user of that e-commerce.
B2C was very popular during the dot-com boom of the late 1990s, used primarily by online merchants to sell products and services to consumers over the Internet.
As a business model, business-to-consumer is very different from the business-to-business (B2B) model, which refers to transactions between two or more businesses.
Business-to-consumer refers to the process by which a business sells products or services directly to consumers without intermediaries. B2C usually refers to online merchants who sell products and services to consumers over the Internet.
Online B2C has become a threat to traditional retailers who profit from adding markup.
But companies like Amazon, eBay, and Priceline thrived and eventually became industry disruptors.
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In affect, a counteroffer converts the original offeror into an offeree with the power of acceptance. true or false?
Counteroffer means accepting the original offer and rejecting the original offer and replacing it with an entirely new offer. It is true.
The power of acceptance is eternal. Rather, the counter-offer turns the first bidder into a strong bidder.
The offer expires automatically after the period specified in the offer. The offer can be accepted by the provider or by third parties. Counter offers can be a delaying tactic.
You then start looking for a replacement who is less well paid and has similar skills to yours. This is one reason why you should never accept a counter offer.
More than 50% of employees accept counter-proposals. In this case, it seems like the right move as you don't have to learn how another company works or build relationships with new colleagues.
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Implementation of the plan comes after which step in the planning process?
•Internal Analysis
•Create Plan
•Analyze data
•Monitor Plan
The final stage of planning is implementation, which is where we are now. The strategy is implemented at this point in order to accomplish the organization's goals, and all other management duties come into play.
What is Planning Process?In the planning process, goals are created, tasks are developed to achieve goals, resources are identified, a timeline is created, tracking and assessment criteria are established, the plan is finalised, and the team is given access to the plan. Large businesses, managing directors, or individual employees can use the process to create and finish a plan. Developing goals, generating tasks to achieve goals, identifying resources needed, developing a timeframe, deciding on tracking and assessment, finalising the plan, and sharing the plan with the team are all steps in the planning process. The process of organising thoughts into doable stages is called planning. Strategic, tactical, operational, and contingency planning are the four main subcategories of planning. Organizations use the process of strategic planning to establish their objectives and goals.
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on may 31, money corporation's cash account showed a balance of $12,000 before the bank reconciliation was prepared. after examining the may bank statement and items included with it, the company's accountant found the following items: checks outstanding $ 1,250 deposits outstanding 2,100 non-sufficient funds check 150 service fees 100 error: money corporation wrote a check for $45 but recorded it incorrectly for $450. what is the amount of cash that should be reported in the company's balance sheet as of may 31?
In the context of accounting, cash includes funds held in bank accounts, including checking accounts, savings accounts, and money market accounts.
What is the amount of cash that should be reported in the company's balance sheet as of May 31?To determine the correct balance of cash to be reported on Money Corporation's balance sheet as of May 31, we need to adjust the balance in the company's cash account by taking into account the outstanding checks, deposits, non-sufficient funds check, service fees, and the error in recording the check.
Starting with the balance per the company's records:
Beginning cash balance on May 31 = $12,000
Add: deposits outstanding = $2,100
Total cash available = $14,100
Deduct: checks outstanding = $1,250
Adjusted cash balance = $12,850
Deduct: non-sufficient funds check = $150
Deduct: service fees = $100
Deduct: error in recording check = $450 - $45 = $405
Correct cash balance as of May 31 = $12,145
Therefore, the correct amount of cash that should be reported in the company's balance sheet as of May 31 is $12,145.
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The pure expectations theory assumes that a one-year bond purchased today will have the same return as a one-Year bond purchased five years from now.a. Falseb. True
False, The pure expectations theory assumes that a one-year bond purchased today will have the same return as a one-Year bond purchased five years from now.
What is the term structure's pure expectations theory?
A hypothesis which claims that only forward rates are the rates which are expected to be paid in the future. In other words, the entire term structure is a reflection of what the market anticipates will happen to short-term rates in the future.
Increasing short-term interest rates are implied, for instance, by an increasing slope to the term structure.
What does expectation theory mean?
The long-term interest rate is a weighted average of the current and anticipated short-term interest rates, according to the expectations theory of the term structure. The long rate will be equal to the short rate if anticipated future short rates remain unchanged (plus a constant risk premium).
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