Which of the following transactions would be recorded if using the accrual basis of accounting but not if using the cash basis of accounting?
a. Borrowing moneyb. Paying off loansc. Purchasing inventory on accountd. Collecting customer payments

Answer:

2.90 times

Explanation:

The formula and the computation of the account receivable turnover is shown below:

Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable  

= $250,00 ÷ $86,200

= 2.90 times

The net credit sales would be equal to annual sales and the average account receivable equal to receivables turnover

All other information which is given is not relevant. Hence, ignored it

Answer:

Sarbanes - Oxley Act

Explanation:

The Sarbanes - Oxley Act was passed into law by the United States Congress July 30th 2002 basically to provide protection for investors against financial reporting that are fraudulent by corporations. This law was enacted as a result of the cases of financial scandals that shook large companies including Enron Corporation around the year 2000.

The order to protect the investors from fraudulent reporting, the act also protects accounting officers such as Sharon who become whistle-blowers by reporting the malpractices and unethical accounting practices of corporations to the government for actions and sanctions.

Answer:

The correct answer is option d.

Explanation:

The marginal benefit of another T-shirt is $15. The price of the T-shirt is $10.  

The marginal cost is equal to the price, so it is also $10.  

The marginal benefit earned from the T-shirt is greater than the marginal cost incurred on a T-shirt.  

According to economic reasoning, it is profitable to buy another T-shirt. So, Mary will buy another T-shirt this month.

Answer:

3. promote uniform accounting standards among countries of the world.

Explanation:

The purpose of the International Accounting Standards Board is to promote uniform accounting standards among countries of the world.

The primary role of the International Accounting Standards Board (IASB) is to promote a uniform set of accounting standards globally. While it contributes to the regulation of accounting by multinational corporations, it does not fully issue enforceable standards nor does it handle arbitration of disputes.

The main purpose of the International Accounting Standards Board (IASB) is to promote uniform accounting standards among countries of the world (option 3). The IASB does this by developing and promoting the use of International Financial Reporting Standards (IFRS) on a global scale. These standards essentially bring transparency, accountability, and efficiency to financial markets around the world. They help to distribute information that is helpful for investors, thereby helping to facilitate international trade and investment.

While, in part, the IASB does regulate the financial accounting and reporting of multinational corporations, (as in option 1), it doesn't fully issue enforceable standards. The IASB proposes these standards, but it is up to individual countries to adopt and enforce them. Therefore, option 3 provides a better overall explanation for the IASB's main purpose. Options 2 and 4 are not correct as the IASB neither aims to develop a uniform currency nor directly arbitrate disputes.

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Correct/Complete Question:

Product planners consider products and services on three levels. The most basic level is the ________, which addresses the question, "What is the buyer really buying?"

A) actual product

B) augmented product

C) core customer value

D) co-branding

E) exchange

Answer:

C, core customer value

Explanation:

Core customer value simply refers to what a customer is getting in a product as value for their money. It is one of the three important levels (alonside actual product and augumented product) on which product planners think about products and services production.

In establishing core customer value, the manufacturer has to develop features, brand, name, design, quality, quantity, etc in such a way that the product is valuable and satisfies customer's needs and/or expectations.

Cheers.

Answer:

B) There has been economic growth in our society.

Explanation:

The American economy has consistently been the largest economy in the world since 1871, while the rest of the economic podium has changed a lot. Currently the Chinese economy is number 2, but just a few years ago the Japanese economy was on second place. The United Kingdom is currently a large economy, but it was number 1 before the US, and then it continued to fall to the sixth place. Argentina was once of the largest economies and richest economies in the world, and now it is a developing nation.

The only constant position (at least until China surpasses the US) during the last 150 years has been the US at number 1.

That doesn't mean that the US economy grew every year and there were no recessions. The largest global recession originated in the US in 1929, the Great Depression. And just a few years back, in 2008 the Great Recession hit the US. The US has suffered from several minor recessions as well.

Answer:

D) Lifestyle

Explanation:

Lifestyle refers to the customer's personal interests, opinions and activities, that shape their way they act and behave in a society. In this case, participating in outdoor recreational activities is part of the of Devon's lifestyle and it shapes the way she lives and what goods she purchases. Besides purchasing an SUV, she probably also purchases camping and outdoor equipment, etc.

Answer:

C. $11,000

Explanation:

For computational purposes, both the Mortgage interest as well as the miscellaneous itemized deducted qualify as deductions based on the Schedule A which is the regular tax purposes.

However, only Mortgage interest will be allowable itemized deduction because miscellaneous itemized deductions fall under the category of adjustments and as such do not qualify for deductions under the AMT which is the Alternative Minimum Taxable Income.

Based on the explanation, only $11,000 of mortgage interest qualifies.

Answer: The answer to this question is Diversification strategy

Explanation

Diversification occurs when an organisation starts producing a product or rendering services that is entirely different from what it is known for.

An organisation might choose to diversify in other to gain more market share, increase economies of scale or reduce risk factor involved in producing one type of product or rendering one type of service.

Example.

If firm XYZ which produces cements for building houses  decides to start producing electronics using the same brand name, we can conclude that the firm has diversified its means of production  

Answer:

1st one- It shows that teens are employed in many different industries.

3rd one- It shows the specific industries that employ teens.

5th one- It shows the percentage of working teens employed by each industry.

Explanation:

Just read the pie chart lol

The pie chart on employment positions for young people supports the following:

It shows the percentage of teens that are working in the various sectors of the U.S. economy.

As a result, we are able to see that teens are employed in different types of industries which are named specifically.

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Planning for Resources

Explanation:

The process of resources management includes:

A main activity of a project manager is to clearly identify the roles and responsibilities and other project stakeholders using tools such as the responsibility assignment matrix.

Answer:

3

Explanation:

Differentiated marketing

This is when a company on purpose creates products that attract at least two or more market segment s or target groups. In the case of Pure& Natural Inc selling six differnt brands of laundry detergent, this brands are tailored to meet the specification and requirement of different market segments. To buttress the point a shoe company that makes shoe for both men and women, this are two different target groups within one company

Answer:

to raise capita

Explanation:

A stock or shares represents the smallest unit of ownership in a company.  Ownership of a company is acquired by buying the company's stock in the stock market,  or having contributed capital during its formation. The shareholder, therefore, gives out money to a company in exchange for shares.

A company issues shares to raise capital.  As investors purchase shares, the company gets money to expand its business. The investors become shareholders and are entitled to share in the profits of the business.

Answer:

D

Explanation:

Took quiz

Answer:

More likely

Explanation:

If the current market price of a stock is higher than the intrinsic value of that stock, it is less likely to receive a hostile takeover bid. On the other hand, if the current market price of a stock is lower than the intrinsic value of that stock, it is more likely to receive a hostile takeover bid. The reason is that the intrinsic value is the decision-making tool for the investors, which helps the investors to invest in that company.

Answer:

The correct answer is B

Explanation:

The checks which are there on the accuracy of the statements are:

1. The corporation needed to hire or require the neutral party, which is known as the auditor in order to check the annual financial statements of the company, and also ensures that the financial statements are to prepared as per GAAP (generally accepted accounting principles). It should also offer the evidence to support the information reliability.

2. The public companies need to use a common or general set of rules and the standard format while making the reports.

3. The role of auditor is to review the financial statements and in addition Sarbanes-Oxley Act  requires the CFO as well as CEO to attest personally to the accuracy of the financial statements.

The Option is B. Financial statements in form​ 10-K are required to be audited by a neutral third​ party, who checks them and ensures that the financial statements are prepared according to GAAP and that the information contained is reliable.

Financial statements must be audited by an independent third party, such as an accounting firm, to confirm their correctness. This is done to safeguard investors and other stakeholders from misleading or incorrect information.

The auditor will examine the financial statements to see if they are produced in compliance with generally accepted accounting principles (GAAP) and whether the information included is credible.

Hence, For investors and other stakeholders, financial statements are an essential source of information. Financial statements must be audited by an impartial third party to guarantee that the information included within them is correct.

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Answer:

Absorption Costing.

Explanation:

Absorption Costing is a method of inventory costing in which direct manufacturing costs and manufacturing overhead costs, both variable and fixed, are considered as inventoriable costs.

Answer:

Stockholders' equity using the accounting equation is $ 120,000.

Explanation:

The accounting equation is that assets of a business is equal to its liability and equity. So in order to calculate equity we will deduct liabilities from assets. Detail calculations are given below.

Assets = Liability + stockholders equity

150,000 = 30,000 + stockholders equity

stockholders equity = $ 120,000

Answer:

b. conceptual

Explanation:

Conceptual skills are creative analytical skills that enables a manager look at the bigger picture of the organization as a whole instead through the study and in-depth diagnoses of the various components. Conceptual skill is required when solving complex and abstract business problems.

Conceptual skill helps us to see the bigger picture through our creative thinking and analysis of the different parts of the organization and proffer business solution to complex problem.  

Answer: High employee turnover

Explanation: Promoting workplace diversity is a term used in creating a balanced workplace environment.

Organisations with a healthy workplace diversity promotes variety of different characteristics in their employees such as age, gender, sexual orientation, race, ethnicity, religion, political views, cultural background, etc. Knowing that all employees can never be the same, the workplace  accept the above  stated characteristics  and all employees are treated equally.

workplace diversity has many benefits and they include:

1. Low staff turnover

2. increased creativity

3. faster problem solving

4. better company reputation

5. increased profits

Apart from the above listed points, One strategy not encouraged by a workplace diversity environment is high employee turnover.

Answer:

The correct answer is (A)

Explanation:

Marginal benefit and marginal cost are two important factors to make a decision. If the marginal benefit of meeting a friend is higher than the marginal cost I will keep running to meet a friend. Because I am tired, I want the marginal benefit to exceed the marginal cost. In case I am not tired I will choose to meet the friend if MC=MR.

You will choose to keep running if the marginal benefit of meeting a friend to run outweighs the marginal cost.

The question deals with the concept of marginal analysis, a fundamental principle in economics used to examine the additional benefits (marginal benefits) and additional costs (marginal costs) associated with a decision. According to the marginal decision rule, to maximize the net benefit, you should continue increasing the level of activity up to the point where the marginal benefit equals the marginal cost. Therefore, you would choose to keep running only if the marginal benefit of meeting a friend at the local track to run a few more miles outweighs the marginal cost (Option A). Meeting a friend is not guaranteed to be cost-free (Option C), nor does fun guarantee a higher marginal benefit (Option D), and rational decision-making requires the benefit to exceed the cost, not just equal it (Option B).

Answer:

market outcome is inefficient

Explanation:

This means that the market outcome is inefficient.

Since people usually exploit gains for the trade.

These are principles of individuals, The above statement further means market failure and individual pursuit self interest found in the market make the society worse off.

Market economy incentives ensure efficiency by motivating firms to meet consumer demand and avoid producing unwanted goods, with prices acting as signals for resource allocation.

The incentives built into a market economy play a critical role in the allocation of resources and ensuring efficiency. They work under the assumption that individuals and businesses are motivated by self-interest. As such, profit incentives encourage firms to produce goods and services that are in demand and discourage them from wasting resources on products that consumers do not want.

In a market economy, resources are typically allocated through a system of prices determined by supply and demand. When demand for a certain good or service increases, prices tend to rise.

This signals suppliers to produce more of the high-demand good, thereby allocating resources toward where they are most valued by consumers. Conversely, if a product is not in demand, its price will fall, signaling producers to withdraw resources from that area, thus preventing waste.

The market's ability to self-regulate through these signals means that it can often allocate resources efficiently without significant outside intervention. This is what economists often refer to as invisible hand, a term coined by Adam Smith, which describes how individuals' pursuit of their own self-interest in a free market tends to promote the general well-being of society as a whole.

Answer:

B

Explanation:

Let's reach to the right answer by eliminating the wrong ones.

Option D and E use the phrase, 'a quite tense situation' hence can be ruled out for not being clear and simple in statement. Option C puts an important piece of information within commas (...situation, which was quite tense, by...) thereby assuming it as a non-essential detail, therefore it is also wrong. The problem with option A is the fact that it is not clearly describing whether the statement was given personally by the CEO or conveyed by someone else to the public. Considering above details we can see that option B is the only answer that defines the problem with clarity.

Answer:

We fix it by committing to the customer and setting up an environment to support it.

Answer: The organization should establish a good customer service department

Explanation:

Customer service : This is a service an organization give to their customers in order to encourage them to continue to patronize the organization products and services. These services ranges from After sales services, home delivery, pleasant atmosphere, personal attention. For an organization to survive in today's competitive business world, then such an organization have to have a good customer service. The marketing concept states that the satisfaction of a customer is the reason for a business existence. Which means that all organizations activities should be focused on customers need and wants. The satisfaction of the customers should be the central mission of the firm.

The organization can give customers a detailed information about the product or service and also attends to customers complaint promptly so as to protect the image of the organization. In the sense that, if customers continued to say bad things about the organization poor customers service to others its capable of affecting the image of the organization which will also tell on their sales level. The organization can also ensure that customers are given the right to voice out their dissatisfaction about the organization and also engage with the customers to get their feedback about the organizations service and what they could do to improve on their service to customers.

If the organization culture is not focused on the customers, then such an organization has to have a rethink and let their focused been on the customers because their survival in the competitive business world of today's depends largely on their customers and their continued patronage. The organization can fix their system by cultivating the culture of having their customers the centre point of the organization in order to ensure the continued survival and the success of the business. They can effectively do this by establishing a good customer service department in the organization who will promptly attend to customers complaint and quickly address them.

Answer:

correct answer is B. $8,000

Explanation:

given data

John pay alimony = $10000 per year

reduced on child's 18th birthday = 20%

paid directly = $7000

paid Spring College for tuition = $3000

solution

as here he paid to divorce agreement before 31/12/2018 and that would be income to mary while their child support not

and fund amount qualify as child support only on these condition

any specific amount fix

paid solely for support minor child

it payable by the decree or agreement

so here reduced on child's 18th birthday

so qualify as child support = 20% of $10000 = $2000

so remaining $8000 is alomony and that will be income to Mary

so here correct answer is B. $8,000

Answer: Confirmation bias.

Explanation:

The political opponents of the Prime Minister of Transylvania have a confirmation bias towards him, where they believe he is a vampire based on some evidences they posses. A confirmation bias is a form of interpretation of events based on ideas an individual has beforehand about those events, even when the ideas are not completely correct.

The scenario is an example of the confirmation bias. The Prime Minister's opponents are focusing on aspects that confirm their belief that he is a vampire while disregarding other possible explanations.

This scenario is an example of the confirmation bias. Confirmation bias is a type of cognitive bias that involves focusing on information that confirms existing beliefs or ideas, while ignoring or discounting information that contradicts those beliefs or ideas. In this case, the Prime Minister's opponents are utilizing characteristics which fit their theory (preferring dark rooms, flinching in bright light, having long incisors) to assert that he is a vampire. While these are indeed traits often ascribed to vampires in folklore, many other explanations for these traits could exist, so using them as sole evidence to assert he is a vampire may be seen as a confirmation bias.

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Answer:

a. scientific management

Explanation:

Scientific management -

Scientific management is also refers to as Taylorism .

According to this management practice ,  the work is analysed and synthesized in an appropriate manner and fashion  , is referred to as scientific management.

The scientific experiments are conducted with proper procedure and management.

Hence , from the given information of the question,

The correct term is a. scientific management .

Answer:

Variable length and Fixed Length

Explanation:

When data base has a fixed length, then sequential search will not be appropriate. However, when database has a variable length then sequential search becomes appropriate

Answer:

D) the income elasticity is 1 so pizza is a normal good.

Explanation:

When the student's income is $10,000 per year, they eat 50 pizzas. If their income increases to $12,000, they eat 60 pizzas.

The income elasticity of demand using the midpoint method is calculated by using the following formula:

income elasticity = {change in quantity demanded / [(old quantity + new quantity) / 2]} /  {change in income / [(old income + new income) / 2]}  

= {10 / [(50 + 60) / 2]} /  {2,000 / [(10,000 + 12,000) / 2]} = (10 / 55) / (2,000 / 11,000) = 0.182 / 0.182 = 1

Answer: A: $32,000

Explanation: From the question above, a salary allowance of $5000 was made per month. so for the year, its $5,000*12 = $60,000

The partnership made a net income of $80,000

therefore, $80,000-$60,000 = $20,000 net profit to be divided by the partners = $20,000 /2 = $10,000 each

Trotter made an additional $10,000 investment

he also withdrew $4000 per month for the year= $4000*12 = $48,000

his capital increase during the year:

Net profit = $10,000

Additional Investment = $10,000

Salary allowance less withdrawal = $60,000 - $48,000=$12,000

Total = $32,000.00

Final answer:

Trotter's capital increased by a. $32,000 by the end of the year.

Explanation:

The question has asked us to calculate the change in Trotter's capital given specific conditions within the Pal-Trotter Partnership. Trotter's salary allowance is $5,000 per month, which totals $60,000 per year. Next, we need to consider Trotter's additional investment and withdrawals. Trotter made an additional investment of $10,000 during the year but also withdrew $4,000 per month (which totals $48,000 per year).

The net income for the year for the partnership is $80,000. To find out the change in Trotter's capital, we have to subtract Trotter's withdrawal and add the salary allowance and half of the remaining net income after the salary allowance (since the remaining is divided equally).

First, let's calculate Trotter's share of the net income:
Net income: $80,000
Trotter's salary allowance: $60,000
Remaining net income: $20,000

The remaining net income is divided equally between the partners, so Trotter's share of the remainder would be $10,000 (half of $20,000).

Now, let's calculate the total capital increase:
Trotter's additional investment: +$10,000
Trotter's salary allowance: +$60,000
Trotter's share of remaining net income: +$10,000
Total additions: $80,000
Less Trotter's withdrawals: -$48,000
Net increase in Trotter's capital: $32,000

Therefore, the correct answer is (a) $32,000.

Answer:

Management

Explanation:

Management -

It refers to the process of arranging and organising the information or objects in an organisation , company or business , is referred to as management .  

Management helps for the better and efficient functioning of the organisation and business.

Hence, from the given information of the question,

The correct term is management.