Answer:
an entrepreneur is a person that owns a bussinus
Explanation:
i know this because my dad is infact one ;)
While performing the monthly bank reconciliation, the bookkeeper for Avon Company made the journal entry for a bank service charge of $20. Which of the following correctly shows the effect of the entry on the financial statements?
Assets = Liab. + Equity Rev. - Expenses = Net Inc. Cash
A. NA NA NA NA NA NA (20) OA
B. (20) (20) NA NA NA NA (20) OA
C. (20) NA (20) (20) NA (20) (20) OA
D. (20) NA (20) NA 20 (20) (20) OA
Option A
Option B
Option C
Option D
Option (d) accurately depicts how the entry will affect the financial statements.
What variables could have an effect on the financial statement?A financial statement is impacted differently by each of the five main accounting components: assets, liabilities, owner's equity, revenues, and costs. How each component, however, affects a financial statement depends on whether the accounting system uses accrual basis accounting or cash basis accounting.
A balance sheet's impact on a transaction, every transaction has two outcomes on a balance sheet: one results in an increased asset and one results in a decreased liability. The balance sheet is always in balance as a result of these two impacts cancelling each other out.
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Oakwood Company had accounts receivable of $750,000 and an allowance for doubtful accounts of $21,500 just prior to writing off as worthless a customer's $5,000 account receivable. Calculate the net realizable value of Oakwood's accounts receivable before and after the write off. (Hint: Net Realizable Value of AR Gross AR- Allowance for Bad Debts) Net Realizable Value of Accounts Net Realizable Value of Accounts Receivable before the write off Receivable after the write ott
Net Realisable Value is the difference between an asset's average wholesale cost and all additional expenses that are expected to be paid during its sale (NRV). When valuing goods, NRV is extremely important.
Credit-based purchases produce individual balances. The amount shown on a balance sheet for receivable accounts is its net realisable value, or the amount of cash the business anticipates will be received over time from these accounts, in accordance with U.S. GAAP.
Before the write-off, the accounts receivable's net realisable worth is
750000-21500 = 728500
After the write-off, the account's net realisable worth is
(750000-5000)-(21500-5000) = 728500
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which of the following factors, listed in a situation analysis for a major u.s. auto manufacturer, is the best example of a threat?
A New York law firm has filed a $10 million class action suit against the company on behalf of car owners whose gas tanks exploded is the best example of a threat.
Option C is correct.
What exactly does the term "economic" mean?Economics is the study of scarcity and how it affects the use of resources, the production of goods and services, the growth of production and welfare over time, and a wide range of other complicated issues that are crucial to society.
What is an acceptable definition of economics?Products are materials and goods that satisfy customers' needs and wants. A good could be something tangible, a service, or a combination of the two. If something gives customers an advantage, it might be considered useful.
Incomplete question :
Which of the following factors, listed in a situation analysis for a major U.S. auto manufacturer, is the best example of a threat?
A. The factory that manufactures a new, popular car cannot build enough vehicles to meet the demand, while other factories have excess capacity.
B.Recent consumer studies have indicated that Chinese consumers prefer American cars.
C. A New York law firm has filed a $10 million class action suit against the company on behalf of car owners whose gas tanks exploded.
D. Due to outdated engine technology, the company's cars get lower gas mileage than those of major competitors.
E.The company has lower manufacturing costs than its key competitors, allowing it to sell its cars at low prices.
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The ability of price-taker firms to freely expand or contract their businesses and to enter or exit the market means that
Select one:
a. resources that would be more valuable elsewhere will not be trapped, unproductively, in a particular industry.
b. prices will always be high enough to generate positive economic profit.
c. resource owners cannot move their resources to other areas where they would be more highly valued.
d. resources that would be more valuable elsewhere will be trapped, unproductively, in a particular industry.
Price-taker enterprises have the freedom to grow or shrink their operations and enter or depart the market, which means that (a) resources that would be more value elsewhere won't be imprisoned, ineffectively, in a specific industry.
The required details for resources in given paragraph
Whenever we talk about resources, we're talking about all the things that are available to us in our surroundings that are both economically and culturally viable, technologically accessible, and assist us meet our needs and desires. Generally speaking, resources can be divided into renewable and non-renewable categories based on their availability. On the basis of their level of development and use, they can also be divided into real and potential categories.
They can also be divided into biotic and abiotic categories according to their origin, and regional and omnipresent categories according to their dispersion.
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Awake Cafe, a U.S. coffee company, produces a latte at its location in Minneapolis on January 18, 2017. It sells the latte to a customer immediately.
Athleticus, a U.S. shoe company, produces a pair of sneakers at a plant in Vietnam on March 4, 2017. Athleticus imports the pair of sneakers into the United States on May 28, 2017.
An accountant starts a client's 2017 tax return on April 14, 2018, finishing it just before midnight on April 15, 2018.
It quickly sells a customer a latte. On March 4, 2017, a Vietnam-based facility of the American shoe manufacturer Athleticus creates a pair of sneakers.
What do you mean by a manufacturer?
A manufacturer is a person or business that creates finished things from raw materials using a variety of tools, equipment, and procedures, and then sells the products to consumers, wholesalers, distributors, retailers, or other manufacturers for the creation of more complicated goods. Any company that employs components or raw materials to produce completed things is considered a manufacturing business. The majority of the items we use are manufactured, including furniture, medical equipment, aircraft, and electrical devices.
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Prepare flowcharting segments for each of the following operations: a. Processing transactions stored on a sequential medium such as a magnetic tape to update a master file stored on magnetic tapeb. Processing transactions stored on magnetic tape to update a database c. Querying a database and printing the query result d. Using a terminal to enter paper-based source document data and send it to a remote location where a corporate computer updates the company database e. Using a terminal to query your customer sales databasef. A scheduled automatic backup of a database to an external hard driveg. Use a terminal to enter employee hours recorded on time cards to update both the payroll transaction file and the wage data in the payroll master file h. Use a terminal to access a price list in the sales database to complete a purchase or der. An electronic copy of the purchase order is sent to the vendor and a backup copy is printed and filed by vendor namei. Make an airline reservation using your home computer
We can prepare a flowchart segment for each of the following operations starting from processing transactions stored on a sequential medium to using a terminal to query the customer sales database.
What is the diagram of the flowchart and what is a flowchart?A flowchart is a picture of the separate steps of a process in sequential order. It is a generic tool that can be adapted for a wide variety of purposes, and can be used to describe various processes, such as a manufacturing process, an administrative or service process, or a project plan.
In 1987, Andrew Veronis published a book called Microprocessors: Design and Application that described the following three types of flowcharts: System flowchart, General flowchart and Detailed flowchart.
The image of the flowchart is attached below:
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you manage inventory for your company and use a continuous review inventory system to control reordering items for stock. your company is open for business 300 days per year. one of your most important items experiences demand of 20 units per day, normally distributed with a standard deviation of 3 units per day. you experience a lead time on orders from your supplier of six days with a standard deviation of two days. the unit price, regardless of order size, is $4.75. your ordering cost is $10. your inventory carrying cost is 20 percent. you have established a service level policy of 97.5 percent on this item.
In order to control inventory reordering for the item, your company should use a continuous review inventory system. The equation to use to calculate the order point for this system is:
Order Point = Demand During Lead Time + Safety Stock
To calculate the Demand During Lead Time, we must first calculate the mean demand. This is calculated as:
Mean Demand = (Demand per Day x Number of Days Open) / Number of Days Open = 20 x 300 / 300 = 20 units
To calculate the standard deviation of demand during lead time, we use the equation:
Standard Deviation of Demand During Lead Time = Standard Deviation of Demand per Day x √ Number of Days in Lead Time = 3 x √6 = 9.5
Next, we need to calculate the Safety Stock. This is calculated as:
Safety Stock = Z-Score x Standard Deviation of Demand During Lead Time = 1.96 x 9.5 = 18.92
Finally, we can calculate the Order Point as:
Order Point = Mean Demand + Safety Stock = 20 + 18.92 = 38.92 units
Therefore, the company should order 38.92 units in order to meet their service level policy of 97.5%.
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Identify the policy under which an employer refuses to hire or terminates a worker whose spouse works at a competing firm. a. Anti-nepotism policy b. Antitrust policy c. Affirmative action policy d. Conflict-of-interest policy
The policy under which an employer refuses to hire or terminates a worker whose spouse works at a competing firm is Conflict-of-interest policy.
A conflict-of-interest policy is a collection of rules or guidelines that an organisation establishes to avoid circumstances in which a person's interests potentially clash with those of the organisation.
An anti-nepotism policy, on the other hand, prohibits the hiring or promotion of relatives of current employees to avoid any apparent or actual favouritism or unfair treatment. In order to promote competition and avoid monopolies and other anti-competitive economic practises, a body of laws and regulations known as antitrust policies has been established.
Affirmative action policies are a collection of initiatives or programmes designed to promote equality of opportunity for historically underrepresented groups, like minorities or women, in the workplace or in education.
What do antitrust laws seek to accomplish?To foster and protect commercial competition, antitrust laws were developed. These are the three different categories of corporate combinations: Conglomerate, both vertically and horizontally. Vertical combinations refer to groups of businesses that are allegedly in various phases of production from one another while horizontal combinations refer to groups of businesses that are allegedly in the same stage of production.
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true/false. problem 3-1a (algo) determine accrual-basis and cash-basis revenues and expenses (lo3-1, 3-2) required: for each transaction, determine the amount of revenue or expense, if any, that is recorded under accrual-basis accounting and under cash-basis accounting in the current period.
True. Finding the accrual-basis and cash-basis revenues and expenses for each transaction is required to solve the accounting algorithm problem 3-1a. This entails determining when revenue and expense recognition should occur and recording transactions accordingly.
What is accrual-basis revenue?Regardless of when cash is received or paid, accrual-basis accounting records income and expenditures at the time they are earned or incurred. Contrarily, revenue and expenses are only recorded in cash-basis accounting when cash is received or paid.
The algorithm would have to decide whether revenue or expense should be recorded on an accrual basis or a cash basis for each transaction. There would also need to be a determination of the amount of revenue or expense recorded under each basis.
Overall, this necessitates a thorough comprehension of the distinctions between accrual-basis and cash-basis accounting as well as the capacity to apply these ideas to particular transactions.
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In the context of obtaining precall information regarding making a sale, which of the following is a situation in which a lot of additional information is least likely to be required?
a. when the salesperson is using cold canvassing
b. when the salesperson has not set call objectives
c. when the salesperson has notes from previous calls
d. when the salesperson is well acquainted with the focus of power
e. when the salesperson can work "over the screen"
acquiring precall information about closing a deal when a salesperson is cold-calling. Hence, (A) is accurate.
What is meant by cold canvassing?The act of calling or contacting potential employers cold is known as cold canvassing. It involves promoting your services to them. The easiest way to achieve this is to consider your abilities and how they relate to the businesses you are targeting.
Several hundred applications may be submitted in response to a single job posting in newspapers or online. The hidden employment market can be tapped into before a position is publicized with a cold call or a timely in-person visit.
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Carlos is planning a 1340-mile driving trip. His car gets an average of 32 mpg, and the cost of gas is about $3. 76/gallon. What is the approximate driving cost of the trip?.
Carlos' car gets an average of 32 miles/gallon, so if he wants to travel 1340 miles and if the cost of gas is $3.76, then the answer is:
1340/32 = 41.875 ⇒ 41.875* 3.76 = 157.45$ driving cost.
How are driving expenses calculated?The amount of gallons of gas you'll need for your trip can be calculated by multiplying the mileage of the entire trip by your miles per gallon. Your projected gas expenditure for your road trip will be determined by multiplying that amount by the current gas price.The significance of cost drivers by enhancing the overhead allocation to their products, cost drivers help managers better grasp the underlying costs of their operations. This makes it easier for management to assess the profitability of individual items.
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Which of the following is an example of a potential benefit that technology brings to business communication? Better communication.
Better communication is an example of a potential benefit that technology brings to business communication. The ease with which distant employees can now be contacted is one of technology's key benefits in workplace interactions.
What advantages does technology have for corporate communications?
Technology makes it possible to communicate more quickly, widely, and effectively. This includes encounters with your coworkers, clients, prospective clients, investors, or the general public.
A potential advantage of technology for business communication is better communication, for instance. One of technology's major contributions to workplace relations is the simplicity with which remote employees may now be contacted.
Therefore, Future workplaces will depend more on remote workers, thus it's critical to have a platform that can connect with them.
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all else being equal, if a company moves down the experience curve faster than its rivals, it should realize a lower cost structure.True
False
The statement that, if a company moves down the experience curve faster than its rivals, it should realize a lower cost structure, is True.
What is the experience curve ?The experience curve is a concept in business strategy that suggests that as a company gains more experience in producing a product or service, its costs should decrease.
This is due to a variety of factors, such as improved efficiency, economies of scale, and better use of technology. As a company moves down the experience curve faster than its rivals, it should be able to realize a lower cost structure, all else being equal.
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if a bond is issued with a call provision, it allows the issuer to blank part or all of the bond at defined prices and times.
Answer:repurchase
Explanation:
connie, the president of a company that makes paper, had to face the fact that her company has been cheating and is not in compliance with applicable environmental regulations due to dumping in a nearby river. her company has never been cited, however, because it employs a very large number of people in the community, including the mayor's wife and the chief-of-police's brother. connie has decided to go even further than the law requires and install the very latest environmental protections. when she announced her plan, the chair of the company's board of directors, brooke, had a meeting with connie. brooke told connie to analyze the situation carefully because the cost of the additional equipment would mean no dividend to shareholders and no raise for employees. furthermore, brooke told connie that installing all the new equipment would result in higher prices for the company's paper products and could bankrupt the company because of foreign competition. brooke hinted that connie could be fired if she persisted. brooke suggested that connie just be concerned with a minimal standard of ethics. which of the following is the minimal standard that a business must meet in a consideration of business ethics? question 13 options: decisions must meet the requirements of the most important stakeholders. decisions must receive a majority vote of acceptance by employees. both that decisions must be legal and that decisions receive a majority vote of acceptance by employees. decisions must meet the criteria of a follower of the wh framework for business ethics. decisions must be legal.
Option (e), The minimum need for a business to be taken into account when considering business ethics is that decisions must be legal.
What prerequisites must the company meet in order to be moral?Organizations are protected from legal liability by following business ethics, which ensures that they treat their customers and staff with respect. Corporate governance, bribery, insider trading, discrimination, and social responsibility are among the issues that business ethics codes typically address.
What kinds of business morals exist?Business ethics is the expected code of conduct for organizations. It is a set of guidelines for carrying out numerous procedures morally. The terms "corporate responsibility," "personal responsibility," "social responsibility," "loyalty," "respect," "dependability," and "technology ethics" are all used to describe this area.
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why do all managers and supervisor need the skill and knowledge of human resource management
The managers and supervisor need the skill and knowledge of human resource management because, by these skills, they can handle the people aspect of their roles.
What is management?As the word management defined as, In order to achieve in demand goals and objectives, someone or group of people must be contested and managed, according to the concept of administration.
As by having the skill and knowledge of human resource management, the managers and the supervisors can easily deal with the team they know their strength as well weakness.
Therefore, As a result, by having the skills they can work in effective manner.
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true/false. department b had a beginning inventory balance of 150 units. during the accounting period, the department started an additional 950 units, and 975 units were completed and transfered out. department b had an ending balance of units.
The department B had an ending balance would be 125 units.
What is meant by inventory balance?Inventory Balance denotes the dollar value of the inventory as of the measurement date, based on the standard costs of the seller or one or more of its affiliates as defined above for the purpose of such measurement.
In accounting, inventory is a type of asset. Because firms usually utilize, sell, or replenish it in less than a year, it is represented as a current asset on the balance sheet.
According to the query, the Department of B's ending inventory balance is equal to the starting inventory balance plus the extra units minus the transferred out units.
An initial inventory balance of around 150 units belongs to Department B. The department had 950 units at the beginning of the era, and 975 of those units were finished. hence, the final balance of
Department B = 150 + 950 - 975 = 125 units.
Therefore, the department B had an ending balance be 125 units
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Suppose the Council of Economic Advisers is conducting a study to estimate the proportion of U.S. households that are eligible for the earned income tax credit. The project manager desires a 0.05 margin of error at 99% confidence. The planning value for p is p* = 0.13. To satisfy the desired margin of error, a sample size no smaller than ________ is needed.
The project manager wants the percentage of US families that qualify for the earned income tax credit to have a 0.02 margin of error at 90% confidence.
How does a management operate?
Through hiring, firing, and planning departmental operations, the staff administers the department's goals. People who are hired, screened, onboarded, and trained help an employer retain their employees. guarantees compliance and a secure environment for work. provide the opportunity for personal growth. A manager is a qualified individual who directs an organization while supervising a group of workers. Despite the fact that there are many different kinds of managers, most of them are responsible for making decisions and carrying out performance reviews.
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You buy a share of The Ludwig Corporation stock for $23.30. You expect it to pay dividends of $1.09, $1.1543, and $1.2224 in Years 1, 2, and 3, respectively, and you expect to sell it at a price of $27.67 at the end of 3 years.
Calculate the growth rate in dividends. Round your answer to two decimal places.
Calculate the expected dividend yield. Round your answer to two decimal places.
Assuming that the calculated growth rate is expected to continue, you can add the dividend yield to the expected growth rate to obtain the expected total rate of return. What is this stock's expected total rate of return (assume market is in equilibrium with the required rate of return equal to the expected return)? Do not round intermediate calculations. Round your answer to two decimal places.
The expected total rate of return is calculated by taking the expected dividend yield and adding it to the expected growth rate 16.7%.
What is total rate?Total rate is the sum of all the rates or charges associated with a particular transaction. It is the cost for a service or product after all taxes and fees have been added to the base price. It is also referred to as the grand total or the all-inclusive rate.
Growth Rate in Dividends: The growth rate in dividends is calculated by taking the final dividend amount, subtracting the initial dividend amount, and dividing the result by the initial dividend amount.
Growth Rate = (1.2224 - 1.09) / 1.09 = 0.12
Dividend Yield: The dividend yield is calculated by taking the annual dividend amount and dividing it by the purchase price of the stock.
Dividend Yield = 1.09 / 23.30 = 0.047
Expected Total Rate of Return: The expected total rate of return is calculated by taking the expected dividend yield and adding it to the expected growth rate.
Expected Return = 0.12 + 0.047 = 0.167 or 16.7%.
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the final step in defining a project is coding the organization breakdown structure or obs for the information system.
The final step in defining a project is coding the organization breakdown structure or obs for the information system. The statement is False.
What is the project?A project is described as a series of operations that must be carried out in a specific order in order to achieve a specific result. A project manager can help with resource allocation, progress monitoring, and timely completion of this project.
The final step in defining a project is coding the Work breakdown structure (WBS) not the organization breakdown structure or obs for the information system.
Therefore, the statement is False.
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The complete question is Probably
the final step in defining a project is coding the organization breakdown structure or obs for the information system. State True Or False
Suppose that autonomous consumption is $400 and that the marginal propensity to consume is 0.8. If disposable income increases by $1,200, consumption spending will increase by
$960
If disposable income rises by $1,200, consumer spending will rise by $960, assuming the MPC remains constant at 0.8.
What is the difference between disposable and discretionary income?Discretionary income is the money left over after taxes and living expenses. Disposable income and discretionary income are not the same things. After taxes, disposable income is purely the amount of money left over.
Given
To calculate the change in consumer spending resulting from an increase in disposable income, we can use the marginal propensity to consume (MPC), which measures the fraction of each additional dollar of disposable income that is spent on consumption. The MPC is given as 0.8 in this case.
The initial level of consumer spending, or autonomous consumption, is $400. When disposable income increases by $1,200, disposable income will become:
Disposable income = Initial income + Increase in income
= $0 + $1,200
= $1,200
The change in consumer spending resulting from the increase in disposable income can be calculated as follows:
Change in consumption spending = MPC x Increase in disposable income
= 0.8 x $1,200
= $960
Therefore, consumer spending will increase by $960 when disposable income increases by $1,200, assuming that the MPC remains constant at 0.8.
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