Answer:
D. expenses
Explanation:
Generally, the fictitious account is a type of asset which is not termed as current or fixed. Instead, it can be termed as expenses because of its short-term nature. More precisely, the fictitious account means a fake account. Therefore, it has to be written off as soon as possible. Accountants write-off those fictitious accounts against the company's earnings. Therefore, it can be termed as an expense instead of fixed or current assets. Capital is out of the question.
Final answer:
A fictitious account is one that does not reflect an actual asset, liability, or equity but is created to misrepresent a company's financials, and none of the provided options (fixed assets, current assets, capital, expenses) should be fictitious if they are properly recorded.
Explanation:
A fictitious account refers to any account that is created to record a non-existent asset or to inflate the value of an existing asset without legitimate cause. Such accounts are not backed by any real asset, liability, or equity and therefore must be closed before preparing the Trial Balance, as they do not represent a true financial picture of the company.
Among the options provided:
Fixed assets - are tangible, long-term assets used in the operation of the business and have a life longer than one year.Current assets - include cash and other assets that are expected to be converted to cash within a business year.Capital - represents the owner's investment in the business.Expenses - are the costs that a business incurs to generate revenue.None of these accounts would inherently be considered fictitious unless they are misrepresented or incorrectly recorded. The term 'fictitious account' is not specifically tied to any of these usual types of accounts but rather to the accuracy and reality of the account's existence and value.
What is a financial reserve? A. An amount of money that's been set aside for emergencies B. An amount of money that's been set aside for short-term goals C. A way of organizing finances to set and meet goals D. A plan for what you'll do with your money Please select the best answer from the choices provided A B C D
Answer:
A
Explanation:
While financial reserve is an amount set aside, for emergencies is most appropriate is because, emergencies may either be short-term or medium term depending on the way it comes. A reserve can always be used to cushion the effect of unexpected events.
Answer:
A
Explanation:
Financial reserve is an amount of money that is kept purely for the purpose of having cash on hand in the event of unexpected changes that might occur. It can also be said to be money set aside for purchase of fixed asset for an enterprises or a company.
Which of the following is a job that would supply a service that meets a want?
grocer
doctor
hair stylist
plumber
Answer:
hair stylist
Explanation:
because a grocer doctor and plumber are all nescecities
hair stylists are not needed.
how to gather customer feedback
There are many ways to gather customer feedbacks. Such ways are:
1. Use of survey forms in written and electronic process (by means of emails and online forms). - Letting customers to answer survey forms for you will let you know how you are performing in terms of customer satisfaction. Whether it is in a form of manual paper surveys or online surveys.
2. By calling and messaging your customers regularly. - If you cannot make time to create survey forms, you can call your clients directly to ask them about their satisfaction with your service. The advantage of this method is you can get the feedback right away and at the same time, you can hear it directly from the customers with full detailed explanation.
3. By establishing a page in social media and monitors it for their reactions and feedbacks. - social media can be a huge help when it comes to gathering customer feedbacks. Millions of people owned social media accounts even businesses. This method is faster among any other methods mentioned.
4. By having live chat support on your webpage and social media accounts. - You can also add live chat support in your webpage and social media account for complete customer feedback experience.
Customer Feedbacks are extremely important so you can know the things that you need to improve and you can know the current standards of your company if you are really helping your customers. Bad customer experience can lead to bad reputation. In order to change that reputation, you must know how the customer get into that situation and plan for a change of action.
The United States and Saudi Arabia engage in trade. The Saudi riyal appreciated significantly compared to the US dollar over the last year. How will this affect the following importers?
Group of answer choices
It will benefit importers in Saudi Arabia because they can purchase the same amount of US goods for fewer riyal than they could one year ago.
It will benefit importers in the United States because they can purchase the same amount of Saudi goods for fewer dollars than they could one year ago.
It will benefit importers in Saudi Arabia because the demand for Saudi goods will have likely have increased among consumers in the United States.
It will benefit importers in the United States because the demand for US goods will have likely have increased among consumers in Saudi Arabia.
Answer:The second one
Explanation:
The Saudi riyal appreciation will have a direct impact on the trade as now it will benefit the importers in Saudi Arabia because they can purchase the same amount of US goods for fewer riyals than they could one year ago.
What do you mean by appreciation in currency?Currency appreciation refers to an increase in the value of one currency relative to another in the forex market. Value for currency is not measured in whole words.
It is always measured in terms of the amount measured.
hence, option A is the correct answer.
Learn more about Currency appreciation here:
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