How goal succession takes place? Explain the conditions responsible for goal succession.
A car valued at $30,000 has $600 of depreciation to be adjusted as of January 31st. Which entry should be made
The journal entry for recording the adjusted depreciation expense of $600 is given below:
On Jan 31
Depreciation expense Dr $600
To Accumulated depreciation $600
(Being depreciation expense is recorded)
Here the depreciation expense is debited as it increased the expense and credited the accumulated depreciation as it decreased the assets.
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Which of the following behaviors are generally considered to be professional? Check all of the boxes that apply.
exhibiting respect for people, both personally and professionally
participating in professional organizations and their events
keeping all technical information private
Answer:
exhibiting respect for people, both personally and professionally
Answer:
A exhibiting respect for people, both personally and professionally
B participating in professional organizations and their
ways in which Shoprite could deal with right to dignity in the workplace
Answer:
Creating high supervision on workers routine.
For an economy, operating outside the production possibilities frontier:
For operating outside the production possibilities frontier, the economy should not be possible with the present resources & technology.
The information related to the production possibilities frontier should be considered:
It represents the possible combinations of goods that are manufactured with the available resources.If the combinations are on the PPF so it is feasible & efficient.If the combination is not on the PPF i.e. outside so it can't be feasible.If the combination is inside on the PPF so it is feasible but not efficient.Therefore we can conclude that For operating outside the production possibilities frontier, the economy should not be possible with the present resources & technology.
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The heat of the welding can reach about how many Fahrenheit?
Answer:
10,000 degrees Fahrenheit
Speedy has net income of $31,955, and assets at the beginning of the year of $213,000. Assets at the end of the year total $259,000. Compute its return on assets.
Write 'T' against a true statement and 'F' against a false one.
Sharing or exchanging information, ideas and experiences between persons
means communication.
The process of communication may not always contain a message.
Feedback is one of the elements of the process of communication.
A traffic police showing a stop sign to the public is a process of communication
Answer:
1. T
2. F
3. T
4. T.
This is the answer .
If James' records show $70,000 in revenue, $34,000 in liabilities, $90,000 in assets and $19,000 in equity, which of the figures should be included on his income statement
The figure that should be involved in the income statement is $70,000.
Given that,
The revenue is $70,000.The liabilities are $34,000.The asset is $90,000.The equity is $19,000.We know that in the income statement only revenues & expenses are recorded.
Therefore we can conclude that The figure that should be involved in the income statement is $70,000.
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Do you think that restaurants that cater primarily to business travelers, rather than vacation travelers, would connect with their clients differently? Explain your answer. Please use complete sentences and paragraphs( 3).
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Which of the following statements regarding the differences between managerial accounting applications for manufacturing and service companies is not true?
a. Overhead is an indirect cost incurred in serving customers in a service company.
b. Labor may be a direct cost to customers for a service firm.
c. Service companies require a physical production site.
d. Service companies may use cost of services on the income statement rather than cost of goods sold.
Answer:
Option C) Service companies require a physical production site is not a true statement.
Explanation:
Service companies require a physical production site is not a true statement.This is because service companies are engaged in providing service to their customers/clients.Providing services does not require a physical production site, because no production is generally involved in relation to the rendering of the services.Learn more about service company, refer :
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How to deal with the new weekly invite limits?
Answer:
The new LinkedIn invite limits are affecting the marketing efforts of many businesses. However, don’t worry! There are some high-quality LinkedIn automation tools that have features to solve this problem.
Using Email Invites Send Personalized MessagesAnswer:
You're under a weekly limit of new invites.
...
You can also try:
First restriction - Wait a few hours before you try again.
Multiple restrictions a day - Wait a few days to try again. ...
If you have a lot of pending invites, withdraw all of them except the recent 500 and then try again – How to cancel sent pending invites?
Firm under monopolistic competition operates its plant at sub-optimal capacity. Why?
Answer:
We live in an economy based on scarcity. Things that are rare cost more. The more access can be restr ed, the higher the cost can be and so higher profits. Since our economy wants to maximise profits, and thus scarcity, the best way for companies/ individuals to do that is to get monopolies, or oligopolies, and then restrict access, and increase prices. If you produce as much as possible at cost, making no profits, then there is going to be little scarcity for that product, costs are going to be low.
A firm under monopolistic competition operates its plant at suboptimal capacity to create a sense of limited goods in people's minds.
What is monopolistic competition?
Monopolistic competition is termed as a process in which the companies produce similar products but not exactly the same product that acts as substitute.
A firm under monopolistic competition operates its plant at suboptimal capacity, which means that they do not make the product at its best capacity. That means that if a country can make 100 products, that company will only make 750 of them even after the demand also.
It gives a sense of scarcity among the people and also these products can be sold by this company at a higher price or opt for low substitutes which makes the monopolistic company earn more.
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What is the difference between SG&A costs and Indirect costs?
SG&A is an initialism used in accounting to refer to Selling, General and Administrative Expenses, which is a major non-production cost presented in an income statement.
Indirect costs are costs that are not directly accountable to a cost object. Indirect costs may be either fixed or variable. Indirect costs include administration, personnel and security costs. These are those costs which are not directly related to production. Some indirect costs may be overhead.
How are price affected by the availability of amount of credit?
Answer:
because some credits can actually lower the price because sometimes credits can have more money than the price
Explanation:
a method for screening applicants and identifying the most appropriate candidate is called what?
recruiting
advertising
the selection process
performance appraisal.
Answer:
the selection process is the ans
A financial institution and a business establish an arrangement that defines a maximum loan balance the institution allows the business to maintain. What banking service is this an example of?
a. Line of credit
b. Certificate of deposit
c. Letter of credit
d. Revolving credit
What is one advantage of starting a business in hard times?
Question 20 options:
You can find equipment and products at bargain prices.
No one will envy you.
You can set your sights low.
You're unlikely to succeed.
You can find equipment and products at bargain prices. No one will envy you. You can set your sights low.
When you start a business and are self-employed, you are your own boss and ultimately control your own destiny. Income. Whether you view starting a business as an economic necessity or a way to make some additional income, you might find it generates a new source of income. Flexible hours.
which type of comprehension focuses on who, what, where,when,why
Answer:
Literal Comprehension
орг. Explain the stages in career development plan.
Explanation:
About modern career development, there are six stages of modern career development : Assessment , investment , preparation, commitment , retention, and transition .
assessment: in the assessment you are getting ready for life's works. you started to feel like you want to know more about yourself and make a conscious effort to get in touch with you who you really you are.
key task:
Taking assessment instruments. Working with the career counselor or career cough.Investment: In the investment sage you are researching that work exits in the world. But if you approach this stage with the positive frame of mind,you will you find that you will learn that possibility you may have considered.
key tasks:
researching the world of tasks.Describe a situation where you used research in order to inform thinking, decisions, and/or actions in relation to a personal issue of interest such as buying a new mobile phone or going to the movies. Provide information about the purpose of your research, the problem, the information you collected, how you collected this information, the role of theory, and the solution to the problem.
Explanation:
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A person research was the described the personal decisions of the related to the used and the purchase of the new things that is called the gravitational research was the finding the problem solution.
What is research?
By using data from earlier studies and events, “research” refers to the process of developing new concepts. Utilizing first-hand, reliable sources that have already been printed on a comparable topic Journals, publications, demographic information, and historical events, for instance, are based on these sources.
According to the researcher, was the thinking to the personal issues such as buying a new mobile phone and go to the movies. There was the research are the related to the issues, information, and solution of the issue. For example, the purchase of the new mobile was the based of the needs and the wants. The proper gather the information and then finally buy the mobile.
Hence, the significance of the research are the aforementioned.
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What is Location? Explain the factors affecting location decision.
Answer:
hope this helps
Explanation:
The main factors that affect location decisions include regional factors, community considerations, and site-related factors. Community factors consist of quality of life, services, attitudes, taxes, environmental regulations, utilities, and development support.
The file manager is a user . is an example of a file manager in Microsoft Windows.
Answer:
Windows Explorer is known as file manager in the MS Windows. Explanation: File Explorer is previously known as the Windows Explorer that is the file manager application which is included with the releases of Microsoft Windows OS(Operating System) from the Windows 95.
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how does the business environment influence the process of business enterprise in Nigeria using a schematic diagram with valid example
Explanation:
when it comes to Nigeria think oil
it's a very big oil country
how legislation can contribute to the success and failure of companies
what is amortization?
Answer:
is the spreading payments over multiple periods.
Explanation:
The term is used for two separate processes: amortization of loans and amortization of assets. In the latter case it refers to allocating the cost of an intangible asset over a period of time.
The term is used for two separate processes: amortization of loans and amortization of assets. In the latter case it refers to allocating the cost of an intangible asset over a period of time.
Formula
FormulaAmortization calculator
[tex]a = p \frac{i(1 + i) {}^{n} }{(1 + i) {}^{n} - 1 } [/tex]
A = periodic payment amount
A = periodic payment amountP = amount of principal, net of initial payments
A = periodic payment amountP = amount of principal, net of initial paymentsi = periodic interest rate
A = periodic payment amountP = amount of principal, net of initial paymentsi = periodic interest raten = total number of payments
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Refer to Exhibit 3-8. A price of $5 will result in a ___________________ in this market which will cause the price of the product to gravitate _______________.
Complete diagram of Exhibit 3-8 is attached below
We have that the blanks are Shortage and Upward giving the answer to be
A price of $5 will result Shortage in a in this market which will cause the price of the product to gravitate Upward
Referring to Exhibit 3.8 we have a Price in dollars to Quantity graph
Price
A price is the quantity of compensation given by one party to another in return for one unit of goods or services. If the product is a good in the commercial exchange, the price of this product will be called price.
Quantity
Aka amount is a property that can exist as a multitude or magnitude, which illustrate discontinuity and continuity. Quantities can be in terms of Mass,Number or size
Therefore have the Knowledge of Quantity and price
We conclude that
A price of $5 will result Shortage in a in this market which will cause the price of the product to gravitate Upward
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On January 1, 20X1, partners Art, Bru, and Chou, who share profits and losses in the ratio of 5:3:2, respectively, decide to liquidate their partnership. The partnership trial balance at this date follows:
Debit Credit
Cash $ 18,200
Accounts Receivable 66,500
Inventory 52,500
Machinery and Equipment (net) 189,500
Accounts Payable $ 53,200
Art, Capital 88,500
Bru, Capital 110,500
Chou, Capital 74,500
Total $ 326,700 $ 326,700
The partners plan a program of piecemeal conversion of assets to minimize liquidation losses. All available cash, less an amount retained to provide for future expenses, is to be distributed to the partners at the end of each month. A summary of the liquidation transactions follows:
January 20X1
Collected $51,400 on accounts receivable; the balance is uncollectible.
Received $38,300 for the entire inventory.
Paid $2,100 liquidation expenses.
Paid $51,200 to creditors, after offset of a $2,000 credit memorandum received on January 11, 20X1.
Retained $10,200 cash in the business at the end of the month for potential unrecorded liabilities and anticipated expenses.
February 20X1
Paid $4,100 liquidation expenses.
Retained $6,100 cash in the business at the end of the month for potential unrecorded liabilities and anticipated expenses.
March 20X1
Received $146,400 on sale of all items of machinery and equipment.
Paid $5,100 liquidation expenses.
Retained no cash in the business.
Required:
Prepare a statement of partnership liquidation for the partnership with schedules of safe payments to partners. (Round your answers to nearest whole dollar.)
ABC PARTNERSHIP
Statement of Partnership Realization and Liquidation
For the period from January 1, 20X1, through March 31, 20X1
Capital Balances
Cash Other Assets Accounts Payable Art Bru Chou
Balances before liquidation, January 1, 20X1
January transactions:
Collection of accounts receivable at a loss
Sale of inventory at a loss
Liquidation expenses paid
Share of credit memorandum
Payments to creditors
Safe payments to partners
February transactions:
Liquidation expenses paid
Safe payments to partners
March transactions:
Sale of M&Eq. at a loss
Liquidation expenses paid
Payments to partners
Balances at end of liquidation, March 31, 20X1
ABC PARTNERSHIP
Schedule of Safe Payments to Partners
Art 50% Bru 30% Chou 20%
Schedule 1: January 31, 20X1
Capital balances
Potential Loss on noncash assets
Allocation of potential deficit
Safe payment, January 31, 20X1
Schedule 2: February 27, 20X1
Capital balances
Potential Loss on noncash assets
Allocation of potential deficit
Safe payment, February 27, 20X1
Which of the following control objectives is achieved by reviewing and testing control procedures over physical inventory count?
A) Validation of purchase transactions
B) Verification of existence of inventory
C) Authorization of the manufacturing orders
D) Posting and summarization of inventory transactions
1. Which item is considered a retail product?
O A. New refrigerator
B. Extended warranty on the refrigerator
O C. Refrigerator repair
O D. Refrigerator delivery
Answer:
refrigerator- repair
Explanation:
Answer:
A. New refrigerator
Explanation:
It is the only actual instance of an item one could buy at a store. The rest are not fiscal items, but instead services for the product.