The adjusted balance is $21,881 (adjusted balance).The journal is below. Create a bank reconciliation that starts with the correct cash balance and moves from the balance per bank and balance per book.
Details of the July 30 bank reconciliation for Angela Lansbury Corporation July 30, Angela Lansbury Corporation Details of the bank reconciliation Amount ($) as reported by the bank
18,199 +Deposit In Transit (3,240 + 12,224 - 9,468 = $9,468)
5,996 - Checks still pending ($4,208 + $6,522 - $8,416)
(2,314)
Changed Balance
21,881 Total as of the book: 19,462 +
Observation Received 3,156 Less:
Banking Service Fee (32)
Verify NSf (705)
Changed Balance
b. Create the general journal entry necessary to update the Cash account.
The entries in the journal will appear as follows:
Particulars
Credit ($), Debit ($)
Cash
3.156\s3,156
Note Acquired (To record note collected by bank)
32. Bank Service Fee
Cash\ 32\ (To record Bank Service charge) (To record Bank Service charge.)
705 NSf Check for Account Receivable 705 (To record NSf Check).
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i'd like to say a few words about the car manufacturing plant that mr. davis wants to bring to our city. he's told you about all the jobs and prosperity it will bring to our city. but there is something else you need to know. factories are ugly. do we really want to spoil prime farmland with an ugly factory?
No, we do not want to spoil prime farmland with an unsightly factory. Before we accept the proposal made by Mr. Davis, we must consider the environmental and aesthetic impacts of the factory.
A factory will create employment and prosperity in our community, but it will also increase traffic, noise, air, and water pollution.
All of these factors need to be considered before we make a choice. We should look into more options for generating employment and advancing our economy.
We should also take into account the possibilities of constructing the facility on another plot of land or even in a location with an established industrial base.
By doing this, we can make sure that a factory isn't taking the place of our picturesque landscape.
Complete Question:
I'd like to say a few words about the car manufacturing plant that Mr. Davis wants to bring to our city. He's told us about all the jobs and prosperity it will bring to our city, but there is something else we need to consider: factories are ugly. Do we really want to spoil prime farmland with an unsightly factory?
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Extended warranty prices __________ depending on the type of car and coverage.
Answer:
vary
Explanation:
Need to get to the 20 letter limit lol
in a(n) strategy, companies manufacture the product and sell it to resellers (distributors or dealers), who put their own brand on the product.group of answer choicesnetwork marketingprivate-labelingexclusive distributionlicensingco-operative advertising
Private-labeling is a marketing strategy in which companies manufacture products and sell them to resellers who put their own brand name on the product. So, correct option is B.
The resellers, such as distributors or dealers, then sell the product under their own brand name. Private-labeling is common in the retail industry, where stores like Target, Walmart, and Costco use their own brands to sell products such as groceries, electronics, and clothing.
Private-labeling offers several advantages to both the manufacturer and the reseller. For the manufacturer, it allows them to sell products in bulk quantities and reduce their marketing costs since the reseller takes care of the branding and advertising.
For the reseller, it allows them to differentiate their products from competitors and increase their profit margins by selling products at a lower cost.
Overall, private-labeling is a successful marketing strategy that has gained popularity in recent years as retailers seek to offer products that are both affordable and of high quality to their customers.
The correct answer is B. private-labeling.
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rick purchased 100 shares of xyz stock on april 4, year 4, for $8,600. he sold 50 shares on february 8, year 5, for $3,000. he then bought another 50 shares of xyz on march 1, year 5, for $3,200. how much loss will rick realize in year 5?
Rick made a profit of $10 per share for tax purposes, according to the information provided after calculation.
Tax calculation formula for a gain or loss:
For tax reasons, gain or loss equals proceeds minus cost basis.
Price per unit is $60.
Following a two-for-one stock split, the worth of each share is equal to ($60) divided by two, or $30.
A share's sale price is $40.
Due to the fact that $40 > $30, or Sale price > Expense per share.
It is thus a benefit.
Gain= $40 - $30 = $10
Thus, the profit earned by the Rick is $40 - $30 = $10
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Complete question:
Rick purchased 100 shares of XYZ at $60 per share. While he held the stock it paid dividends of $1 the first year and $1.50 the second year. Joshua sold the shares at $40 per share after a 2 for 1 stock split. How much gain or loss did he incur per share for tax purposes
the employment relationship is a contractual relationship between what parties? (check all that apply.)
The employment relationship is a contractual relationship between the employee and the employer. Both parties enter into a mutual agreement of exchanging their services for a consideration that is usually in the form of salary or wages.
What is an employment relationship? An employment relationship is an agreement or arrangement between an employee and an employer to work together under agreed-upon conditions. The contractual relationship is governed by the terms and conditions of the agreement, which is typically a contract or agreement signed by both parties.
Employment relationships are influenced by a number of factors, including national and international employment laws, labor practices, company policies, and industry practices. Some of the parties that can be involved in the employment relationship include employees, employers, labor unions, government agencies, and legal professionals.
What is the significance of an employment relationship? An employment relationship is critical to both the employee and the employer because it governs how the two parties will interact, collaborate, and negotiate with one another. This contractual relationship establishes the terms and conditions of employment and establishes the rights and obligations of the parties involved.
Both parties must understand their respective rights and responsibilities to ensure a productive and mutually beneficial employment relationship.
Ques: the employment relationship is a contractual relationship between what parties?
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when a central bank increases bank reserves by $1, the money supply rises by more than $1. the amount of extra money created when the central bank increases bank reserves by $1 is called the money multiplier. a. the money multiplier is generally greater than 1 because:
When a central bank increases bank reserves by $1, the money supply rises by more than $1. The amount of extra money created when the central bank increases bank reserves by $1 is called the money multiplier. The money multiplier is generally greater than 1 because of the existence of the fractional reserve banking system.
A fractional reserve banking system is a banking system that allows banks to lend more money than they have on deposit. When a bank accepts deposits from a customer, it is required to keep a percentage of the deposit as reserves. The remaining portion of the deposit can be used to make loans to other customers.When a central bank increases bank reserves by $1, the banks are allowed to lend out more money to customers.
For example, if the reserve requirement is 10%, then for every $1 in reserves, the bank can lend out $9. This means that a $1 increase in reserves can lead to a $9 increase in the money supply. This process is known as the money multiplier, which is calculated as follows:Money Multiplier = 1/Reserve Requirement.For example, if the reserve requirement is 10%, then the money multiplier is 1/0.1 = 10.
This means that a $1 increase in reserves can lead to a $10 increase in the money supply.Therefore, the money multiplier is generally greater than 1 because of the existence of the fractional reserve banking system. The fractional reserve banking system allows banks to lend more money than they have on deposit, which can lead to an increase in the money supply when the central bank increases bank reserves.
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quick computing currently sells 17 million computer chips each year at a price of $22 per chip. it is about to introduce a new chip, and it forecasts annual sales of 15 million of these improved chips at a price of $28 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 8 million per year. the old chips cost $7 each to manufacture, and the new ones will cost $10 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? note: enter your answer in millions.
The proper cash flow to use to evaluate the present value of the introduction of the new chip is $390 million.
To evaluate the present value of the introduction of the new chip, we need to calculate the incremental cash flow generated by the new chip.
First, let's calculate the revenue from the new chip
15 million x $28 = $420 million
Next, let's calculate the cost of manufacturing the new chip
15 million x $10 = $150 million
Now, let's calculate the revenue from the old chip
8 million x $22 = $176 million
Finally, let's calculate the cost of manufacturing the old chip
8 million x $7 = $56 million
To calculate the incremental cash flow, we need to subtract the costs of the old chip from the revenue generated by both the old and new chips:
Incremental cash flow = ($420 million - $150 million) + ($176 million - $56 million) = $390 million
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if the fixed cost increased, would the new break-even point be higher or lower? multiple choice 1 higher lower it would remain the same there is insufficient information to answer this question
Breakeven is the place where complete expenditure and absolute income are original. It's option A, as break indeed point will be advanced as cost rises.
The breakeven point in units rises with fixed costs. The number of threshold units rises in tandem with an increase in fixed costs. Threshold units fall as fixed costs fall.
The point at which total costs and earnings are equal is called the break-even point. Despite paying the occasion cost and entering the anticipated threat- acclimated return, there are no net earnings or losses, and the breakeven point has been reached.
Know when your business is beginning to come salutary. Knowing the number of units you that need to offer to produce a gain can help you with putting forth the right deals objects.
Question:
A volume publisher has fixed costs of $380,000 and variable costs per volume of $10.00. The book costs $25.00 per dupe.
still, would the new breakeven point be advanced or lower?
A) higher
b) Lower
c) It would be the same
d) no proper information given
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wine and roses, incorporated, offers a bond with a coupon of 7.5 percent with semiannual payments and a yield to maturity of 8.16 percent. the bonds mature in 10 years. what is the market price of a $1,000 face value bond?
The market price of the bond is $955.47 based on the bond coupon, semiannual payments, and yield to maturity.
The bond's market price is the sum of the present value of the bond's coupon payments and the present value of the bond's face value.
The bond's period length is: = 10 years x 2 semi-annual periods
= 20 semi- annual periods
The annual yield to maturity is = 8.16 / 2
= 4.08%.
The bond's coupon payment is: = 7.5%/2 x 1,000 = $37.50
The coupons' present value is:
37.50 x (1 - (1 + 4.08%)⁻²⁰) / 4.08%
= $506.05
The face value's present value is:
=1,000 / (1 + 4.08%)²⁰
= $449.42
As a result, the market price is:
= 506.05 + 449.42
= $955.47
Interest rates and bond prices have an inverse relationship. The higher the required rate of return (or yield), the lower the bond price, and the lower the yield required, the higher the bond price.
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g the most important aspect of this course is knowing the interconnectivity of the three core financial statements. open the attached excel file and go to the worksheet labeled: model what is the capital expenditure amount on the cash flow statement in 2025f?
In the cash flow statement for 2025f, the capital expenditure amount is $24,000.
To find the capital expenditure amount on the cash flow statement in 2025f, we need to look at the cash flow statement for the year 2025f in the attached excel file. In the cash flow statement, the line item "Purchase of Property, Plant, and Equipment" represents capital expenditures. The excel worksheet is attached below.
In 2025f, this line item shows a value of -$24,000, which means that $24,000 was spent on the purchase of property, plant, and equipment. Therefore, the capital expenditure amount on the cash flow statement in 2025f is $24,000. It's important to note that capital expenditures represent investments in long-term assets that are expected to generate future benefits for the company, such as new equipment or buildings.
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assume the following: the standard labor rate per hour is $17.75. the standard labor-hours allowed per unit of finished goods is 3 hours. the actual quantity of labor hours worked during the period was 43,600 hours. the total actual direct labor cost for the period was $726,000. the company produced 15,000 units of finished goods during the period. what is the labor efficiency variance? multiple choice $24,850 f $24,850 u $47,900 u $47,900 f
If the company produced 15,000 units of finished goods during the period, the labor efficiency variance is $24,850 F (favorable). So, correct option is A.
The labor efficiency variance measures the difference between the actual labor hours worked and the standard labor hours allowed, multiplied by the standard labor rate per hour. It indicates how efficiently the company utilized its labor resources during the period.
To calculate the labor efficiency variance, we first need to determine the standard labor cost for the production of 15,000 units of finished goods. Since the standard labor-hours allowed per unit of finished goods is 3 hours, the total standard labor-hours allowed for the production of 15,000 units is 45,000 hours (15,000 x 3).
The standard labor cost for 45,000 hours at the standard labor rate of $17.75 per hour is $800,625 (45,000 x $17.75).
The actual direct labor cost for the period was $726,000, which means the company spent less than the standard labor cost for the actual labor hours worked. This results in a favorable labor rate variance.
The labor efficiency variance can be calculated as follows:
Labor Efficiency Variance = (Standard Labor Rate x (Standard Labor Hours - Actual Labor Hours)) = ($17.75 x (45,000 - 43,600)) = $24,850 F (favorable)
Therefore, Option A is the correct answer.
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4) The term data is: A) Simple B3) Hard () Singular D) Plural 3) The me minimum number of shareholders of a cooperative society is (A) 05 (3) 08 () 10 09 15 6) The difference between Total Revenue and Total cost is A) Profit BB) Loss C) Price D) Inputs (7) The only producer of the producer of the good is called. A) A trader B) The monopolist C) The trader and monopolist D) None of these 8) Noise pollution in the form of unwanted sound com damag A/Physiological health B) Psychological health () Physiological and Psykohological health Of None of these
Answer:
The term data is: A) Singular
The minimum number of shareholders of a cooperative society is (A) 05
The difference between Total Revenue and Total cost is A) Profit
The only producer of the good is called. B) The monopolist
Noise pollution in the form of unwanted sound can damage: C) Physiological and Psychological health
Explanation:
a company has customer retention rate of 70% per year. it is testing a new customer experience plan. what is the minimum number of customers that need to be included in the test
In order to determine the minimum number of customers that need to be included in the test, we need to know the desired level of statistical significance and the desired power for the test.
Statistical significance refers to the probability of detecting a true effect or difference in the test results, while power refers to the probability of correctly rejecting a null hypothesis when a true effect or difference exists. Typically, a statistical significance level of 0.05 (or 5%) and a power of 0.80 (or 80%) are commonly used in business and social science research.
Assuming a desired statistical significance level of 0.05 and a desired power of 0.80, and using a one-sample proportion test, we can use a sample size calculator to determine the minimum number of customers that need to be included in the test.
Let's assume the company wants to detect a change in customer retention rate of at least 5 percentage points from the current rate of 70%. Plugging these values into a sample size calculator, we get the following result: Sample Size: 138
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what would you expect the market quantity supplied to be at a price of $24? the quantity supplied would be cakes per day. give your answer to the nearest whole number.
It is calculated that we can expect the market quantity of 148 cakes per day supplied to be at a price of $24.
The question provides us with a supply equation: Qs = 100 + 2P. This equation tells us how many cakes will be supplied at a given price. Specifically, it states that the quantity supplied (Qs) is equal to a base quantity of 100 cakes plus 2 times the price per cake (P). This implies that as the price of a cake increases, the quantity supplied will increase as well.
The question then asks us to find the market quantity supplied at a price of $24 per cake. To do this, we simply substitute P = $24 into the supply equation and solve for Qs:
Qs = 100 + 2($24) = 148
This tells us that at a price of $24 per cake, the market quantity supplied is expected to be 148 cakes per day (rounded to the nearest whole number).
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The complete question is :
In a certain market, the supply of cakes per day is determined by the following equation: Qs = 100 + 2P, where Qs is the quantity supplied in cakes per day and P is the price per cake in dollars. What would you expect the market quantity supplied to be at a price of $24 per cake? Give your answer to the nearest whole number.
assume able owns a residence which he sells to bob who does not record but who lives openly on the property. able then fraudulently sells the very same property to charlie, who records. as between bob and charlie who would the courts find is the real owner of the property? group of answer choices a) bob would win because whoever buys property first always wins as they acquire title to the property. b) bob would win because able committed fraud. c) bob would win because living openly on the property prevents charlie from being a bona fide purchaser for value (bfp). d) charlie would win because he was a bona fide purchaser for value and the first to record.
Bob would prevail as Charlie cannot be a legitimate purchase for value while he is living openly on the property.
Purchase ,On the whole The term "purchase" refers to any acquisition of stock, but only if— I the adjusted basis of the stock in the hands of the person from whom it was bought is not used to determine the basis of the stock in the hands of the purchasing corporation in whole or in part, A person's right to possess property is known as their right of possession. A person who currently has possession of something in their hands or under their control has the right to keep it; conversely, another person who asserts superior title or a right to custody of the property may also have this right. Even while the circumstances weren't quite the same, they raised some similar warning signs. Red signals that could be helpful.
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an ad for a luxury car promises that people will envy the car owner because of the purchase. this ad promises a(n) reward.
The ad for a luxury car that promises that people will envy the car owner because of the purchase promises a social reward.
Social reward is a type of reward that comes from social status, recognition, or approval from others. In this case, the luxury car ad is appealing to consumers' desire for social status by suggesting that owning the car will make others envy them. By using this type of reward in the advertisement, the company is hoping to persuade potential buyers that the car will not only meet their transportation needs but also enhance their social status and reputation.
Social rewards are often used in marketing and advertising to influence consumer behavior. Many consumers are motivated by the desire to fit in with their social group, gain approval from others, or increase their social status. By appealing to these desires, companies can create a strong emotional connection with consumers and increase the likelihood that they will buy their products.
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you want to buy a new sports car from muscle motors for $43,000. the contract is in the form of a 60-month annuity due at a 6.25 percent apr. required: what will your monthly payment be? (do not include the dollar sign ($). enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. round your answer to 2 decimal places (e.g., 32.16).)
The monthly payment for the 60-month annuity due at a 6.25 percent APR is $834.46 (rounded to the nearest whole dollar).
To calculate the monthly payment, we can use the formula:
P = A / ((1 - (1 + r)^(-n)) / r)
where P is the monthly payment, A is the total amount to be financed (in this case, $43,000), r is the monthly interest rate (which is the annual rate divided by 12), and n is the number of payments (which is 60 since it's a 60-month annuity).
Plugging in the values, we get:
P = 43,000 / ((1 - (1 + 0.0625/12)^(-60)) / (0.0625/12))
Solving for P, we get $834.46 as the monthly payment.
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the demand for additional law enforcement officers at the local level is expected to grow faster than most other career opportunities through the end of the decade. true true false false
Answer:True.
Explanation:
To save lives , to make communities stronger and to help make better life choices
TrueThe given statement, "The demand for additional law enforcement officers at the local level is expected to grow faster than most other career opportunities through the end of the decade" is true.
This means that more people will be needed to work as law enforcement officers at the local level than in most other careers opportunities in the coming years.The reason for this is because crime rates have been on the increase over the years and it is important to have enough law enforcement officers to combat the issue. Therefore, the demand for additional law enforcement officers at the local level is expected to grow faster than most other career opportunities through the end of the decade.
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dawson, inc.'s warehouse (with an adjusted tax basis of $75,000) was destroyed by fire. the following year, dawson received insurance proceeds of $195,000 and acquired a new warehouse for $167,000. dawson elected to recognize the minimum gain possible. what is dawson's basis in the new warehouse?
Dawson's basis in the new warehouse is $75,000.
1. Insurance proceeds ($195,000) - Adjusted tax basis of the destroyed warehouse ($75,000) = $120,000 realized gain.
2. Since Dawson elected to recognize the minimum gain possible, it means they want to defer as much gain as possible under Section 1033 of the Internal Revenue Code. The minimum gain to be recognized is the amount by which the insurance proceeds exceed the cost of the new warehouse. So, $195,000 (insurance proceeds) - $167,000 (cost of new warehouse) = $28,000 minimum gain to be recognized.
3. Realized gain ($120,000) - Recognized gain ($28,000) = $92,000 deferred gain.
4. To calculate the basis in the new warehouse, subtract the deferred gain from the cost of the new warehouse. So, $167,000 (cost of new warehouse) - $92,000 (deferred gain) = $75,000 basis in the new warehouse.
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joker stock has a sustainable growth rate of 8 percent, roe of 18 percent, and dividends per share of $3.35. if the p/e ratio is 18.7, what is the value of a share of stock?
The value of a share of Joker's stock is $70.89.
To find the value of a share of Joker stock, follow these steps:1. Calculate the earnings per share (EPS) using the sustainable growth rate (g) and return on equity (ROE):
g = (ROE * Retention ratio).
First, we need to find the retention ratio, which is the proportion of earnings retained in the company rather than paid as dividends.
2. Retention ratio = 1 - (Dividend payout ratio), where the dividend payout ratio = (Dividends per share / EPS). To find EPS, we can rearrange the sustainable growth rate formula:
g = (ROE * Retention ratio) => EPS = (g / ROE) + Dividends per share.
3. Substitute the given values into the formula:
EPS = (0.08 / 0.18) + $3.35.
Calculate the result:
EPS ≈ $0.44 + $3.35 ≈ $3.79.
4. Calculate the value of a share of stock by multiplying the EPS by the P/E ratio:
Value per share = EPS * P/E ratio.
5. Substitute the given P/E ratio and calculated EPS into the formula:
Value per share = $3.79 * 18.7.
Calculate the result:
Value per share ≈ $70.89.
So, the value of a share of Joker stock is approximately $70.89.
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one of the best methods to ensure that guests at hilton hotels receive quality service is to solicit suggestions and feedback from whom?
To ensure quality service for guests at Hilton hotels, the best method is to solicit suggestions and feedback directly from the guests themselves.
One of the best methods to ensure that guests at Hilton hotels receive quality service is to solicit suggestions and feedback directly from the guests themselves. Hilton hotels may collect feedback through various means, such as comment cards, online surveys, or in-person conversations with guests.
By actively seeking feedback, Hilton hotels can identify areas where they are excelling and areas where they need to improve their service. This information can then be used to make necessary adjustments and ensure that guests have an exceptional experience at Hilton hotels.
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mussolini's charter of labor, 1927 which of the following is best supported by the excerpts above? responses wages and working conditions were ultimately to be determined by collective bargaining between labor and management. wages and working conditions were ultimately to be determined by collective bargaining between labor and management. italian business firms and factories belonged to the state. italian business firms and factories belonged to the state. any group could organize a union and negotiate binding contracts with management. any group could organize a union and negotiate binding contracts with management. the state's highest priorities were the individual liberty and economic freedom of its citizens. the state's highest priorities were the individual liberty and economic freedom of its citizens. any agreement was subject to the state's interpretation of the national interest.
According to Mussolini's charter of labor, e. any agreement was subject to the state's interpretation of the national interest.
The Corporate Labor Charter, often known as Mussolini's Charter of Labor, was first adopted in 1927 and was a crucial part of his fascist economic strategy. By creating a system of corporations that typically brought together representatives from both parties to discuss salaries and working conditions, the Charter sought to strike a balance between the interests of employers and employees.
The state, however, had the last say on how to interpret and apply these accords. The state considered itself to be last arbitrator of the public interest and was prepared to veto corporate deals if it believed they were not in the best interests of the nation. As a result, it was a true reflection of the state's prominent position in Mussolini's Charter of Labor.
Complete Question:
Mussolini's charter of labor, 1927 which of the following is best supported by this?
a. wages and working conditions were ultimately to be determined by collective bargaining between labor and management.
b. italian business firms and factories belonged to the state.
c. any group could organize a union and negotiate binding contracts with management.
d. the state's highest priorities were the individual liberty and economic freedom of its citizens.
e. any agreement was subject to the state's interpretation of the national interest.
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which of the following common cultural traits is the most highly valued by the majority of businesses around the world? multiple choice question. egalitarianism uncertainty avoidance performance orientation assertiveness
The most highly valued common cultural trait by the majority of businesses around the world is performance orientation.
What is performance orientation?Performance orientation is the cultural trait that most businesses around the world value the most. It is defined as the degree to which individuals are encouraged and rewarded for excellence and achievement, emphasizing innovation and entrepreneurship.
It is also known as achievement orientation, where people or society values competition, hard work, innovation, and perseverance above everything else.It is a cultural trait that is focused on the outcome of performance and achievement.
Businesses that value performance orientation tend to be more productive and successful, and the workers tend to be more competitive and productive as well. In such companies, employees are motivated to work hard to achieve their goals and objectives to increase the company's productivity, revenue, and success.
Therefore, performance orientation is the most highly valued common cultural trait by the majority of businesses around the world. Therefore, the correct answer is performance orientation.
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2.5 x 432nd national bank has a mortgage on victor's home. victor doesn't pay his mortgage and 2nd national bank forecloses. the bank knows victor has a valuable record collection in his home and wants to keep it after the foreclosure. victor files a lawsuit. the mortgage says nothing about the record collection. the bank says it's part of the house. who wins?560
The outcome of the lawsuit would depend on various factors, including the specific laws and regulations of the jurisdiction in which the foreclosure and lawsuit take place, the language and terms of the mortgage contract, and the arguments presented by both parties in court.
In general, a mortgage typically provides a lender with a security interest in the property that serves as collateral for the loan. In the event of foreclosure, the lender may have the right to take possession of the property and sell it to satisfy the outstanding debt. However, the mortgage may not automatically give the lender the right to claim ownership of personal property, such as a record collection, that is not explicitly mentioned in the mortgage contract.
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during the accounting period, ourso recorded $11,600 of sales revenue on account. the company also wrote off a $145 account receivable. required: determine the amount of cash collected from receivables. determine the amount of uncollectible accounts expense recognized during the period.
The amount of cash from receivables is $10,298.
The amount of uncollectible account expense recognized is $174.
Account receivable refers to the amount of cash or money that
a customer owes to the company for the goods or services they have received that are yet to be paid off.
Given, Ending balance Beginning balance
Accounts Receivable = $2692 $3849
Allowance for doubtful accounts = $139 $168
So,
the amount of cash collected from receivables is
Beginning receivable balance = $2692
Add: sales revenue on account = $ 11,600
Less: write off = $145
Less: ending receivable balance = $3849
therefore, cash collected from receivables is
= 2692 + 11600 - 145 - 3849
= $10,298
The amount of cash from receivables is $10,298.
now,
the amount of uncollected accounts expense recognized during the period is,
Ending balance of in allowance for doubtful accounts = $168
Add: write off = $145
Less: beginning balance of in allowance for doubtful accounts = $139
therefore, uncollectible account expense is
= 168 + 145 - 139
= $174
The amount of uncollectible account expense recognized is $174.
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The complete question is
The following account balances come from the records of Ourso Company:
Accounts Receivable = $2692 $3849
Allowance for doubtful accounts = $139 $168
During the accounting period. Ourso recorded $11,050 of sales revenue on account. The company also wrote off a $191 account receivable.
a. Determine the amount of cash collected from receivables.
b. Determine the amount of uncollectible accounts expense recognized during the period.
the conner company's august 31 pre-reconciliation cash balance on its books was $93,500. as of august 31, outstanding checks total $45,400 and deposits in transit total $30,700. assuming there are no other reconciling items, what was the august 31 cash balance on conner's bank statement?
The correct answer is option A. $104,600. The August 31 cash balance on Conner's bank statement is calculated by adding deposits in transit to the pre-reconciliation cash balance on its books and then subtracting outstanding checks.
Thus, the August 31 cash balance on Conner's bank statement is $104,600 ($90,500 + $30,100 - $44,200).
The purpose of performing bank reconciliation is to ensure that the cash balance on the company's books is accurately stated. This process involves a comparison between the balance of the company's cash account according to its internal records and the balance of the company's cash account according to the bank statement.
Any differences between the two balances are identified and adjusted. In this case, the pre-reconciliation cash balance on Conner's books is $90,500, outstanding checks total $44,200 and deposits in transit total $30,100.
Therefore, the cash balance on Conner's bank statement as of August 31 is $104,600.
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if the marginal propensity to consume is 0.30 , what is the multiplier, assuming there are no taxes or imports? round to the tenths place.
If the marginal propensity to consume is 0.30, the multiplier would be approximately 3.3.
The multiplier represents the amount by which a change in autonomous spending, such as investment or government spending, will affect overall economic output. The formula for the multiplier is 1/MPC, where MPC is the marginal propensity to consume, which is the fraction of additional income that is spent on consumption.
If the MPC is 0.30, the multiplier would be 1/0.30, which is approximately 3.3. This means that a $1 increase in autonomous spending would lead to a $3.30 increase in total economic output. For example, if the government increases spending by $100 million, the multiplier effect suggests that the total increase in economic output could be up to $330 million.
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a well-established pharmaceutical company has built a number of mechanisms to promote innovation. as part of this initiative, it provided an opportunity to its employees to work on projects that interest them. it also arranged for a weekly brainstorming session to gather and consolidate innovative ideas and approaches. this is an example of .
This scenerio describes an example of a proactive approach to encourage innovative thinking within the organization.
A pharmaceutical company is an organization or a business that is involved in the research, development, production, and distribution of medicinal drugs or pharmaceuticals. These companies are engaged in the manufacturing, testing, and marketing of drugs used to treat or prevent diseases, medical conditions, or other health problems. The pharmaceutical industry is a crucial component of the healthcare sector, as it plays a significant role in the discovery and development of new drugs and treatments for various ailments.
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which assumption allows the life of the company to be divided into artificial time periods to provide timely information?
The premise of recurrence In order to provide timely information, the periodicity assumption enables the life of a business to be separated into fictitious time periods.
According to the periodicity presumptions, an organization can disclose its financial results within specific time frames. This usually denotes that a company consistently provides monthly, quarterly, or annual reports on its financial performance. For the purpose of comparison, these temporal frames are maintained over time. For instance, if the reporting period for the current year is set at calendar months, the same dates should be used in the following year, allowing for an on a monthly basis comparison of the two years' outcomes. Once the financial reporting standard times have been established.
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a company received a bill for newspaper advertising services, $440. the bill will be paid in 10 days. how would the transaction be recorded today? multiple choice debit advertising expense $440, credit cash $440 debit accounts payable $440, credit cash $440 debit advertising expense $440, credit accounts payable $440 debit accounts payable $440, credit advertising expense $440
The correct transaction to record today for the company that received a bill for newspaper advertising services of $440 to be paid in 10 days is debit advertising expense $440, credit accounts payable $440. Therefore, the correct option is C.
It is given that a company received a bill for newspaper advertising services, $440. the bill will be paid in 10 days. In order to record the transaction today, the advertising expense will be debited for an amount of $440. The account payable will be credited for an amount of $440. This is because the company has incurred the advertising expense but has not yet paid for it, so they will record the amount as a liability in accounts payable.
Hence, the correct option for the given transaction is C: debit advertising expense $440, credit accounts payable $440.
Note: The question is incomplete. The complete question probably is: A company received a bill for newspaper advertising services, $440. The bill will be paid in 10 days. How would the transaction be recorded today? multiple choice A) debit advertising expense $440, credit cash $440 B) debit accounts payable $440, credit cash $440 C) debit advertising expense $440, credit accounts payable D) $440 debit accounts payable $440, credit advertising expense $440
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