The recording of business transactions is a basic part of financial reporting and is referred to as:.

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Answer 1

The recording of business transactions is a basic and fundamental component of financial reporting and is known as bookkeeping.

What is Bookkeeping?

Bookkeeping is the process of recording financial transactions.  It entails preparing reference papers for all company transactions, activities, and other occurrences.

The primary goal of bookkeeping is to maintain a comprehensive and precise record of all operations and transactions in a methodical, ordered, and logical way. This guarantees that the financial consequences of these activities are accounted for in the accounting books.

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Related Questions

One of the disadvantages of using customer value propositions is that they are complex and difficult to understand. True False

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It is false that using customer value propositions is that they are complex and difficult to understand.

What is customer value proposition?

Customer value proposition is a type of business statement that entails detailed information why a customer need to buy a product or use a service. The main target of customer value proposition is their potential customers rather than other groups like employees, partners or suppliers.

Therefore, It is false that using customer value propositions is that they are complex and difficult to understand.

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The contracts involving promises to pay a debt that are within the statute of frauds are of a very limited kind. These promises are referred to as _____.

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The contracts involving promises to pay a debt that are within the statute of fraud are of a very limited kinda and are referred to as secondary promises and Collateral promises. This is further explained below.

What are secondary promises?

Generally, Contracts involving commitments to settle a debt that fall within the scope of the statute of fraud are of a very restricted kind.

In conclusion, Collateral promises are also known as suretyship promises

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What is the term for assets that can be quickly and easily converted to cash? A. non-liquid assets B. liquid assets C. liabilities D. deficits

Answers

1. D

Explanation:

Hope it helps you

Thx

Answer: Liquid Assets

Explanation: Just took the final

According to the census bureau, the u. S. Population is projected to grow by 78 million between 2017 and 2060. The native population is projected to increase by 20 percent while the foreign-born population is expected to grow by what percent?.

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Between 2017 and 2060, the growth in the U.S. population will be accounted for by a growth in the foreign-born population of 85%.

How will the American population change by 2060?

The census bureau believes that the U.S. population will change by more than 78 million by 2060.

Out of this number, the foreign-born population of the nation which includes immigrants and their children, will comprise of 85%.

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The president of Krypton Inc. wants to know the company's current financial condition. The financial report that can provide this information is the _____.

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The president of Krypton Inc. desires to recognize the company's current financial status. The financial report that can furnish this content is the Balance Sheet.

What is a Balance Sheet?

A balance sheet showed as a financial statement. It presents the liabilities, assets and shareholder equity of a business firm.

It is one of the three fundamental financial statements that is employed to examine a company, is the balance sheet.

It provides a snapshot of a company's financial situation as of the publication date.

If the president of Krypton Inc. needs to know about the company's current financial situation, the Balance Sheet is the financial report that may provide this information.

Therefore, the balance sheet is the statement the shows the financial condition of the organization.

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When determining what price to charge for a product or service, marketing executives consider which of the following?

A. competitors’ pricing structures
B. how much customers can afford to pay for the product or service
C. at what point the market will be flooded with similar products and services, driving down consumer demand
D. all of the above

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Answer: D) all of the above

Explanation:

Why do corporations pay attention to what is happening to their stock in the secondary market

Answers

Answer:

The existence of the secondary market makes their stock more liquid and the price in the secondary market sets the price that the corporation would receive if they choose to sell more stock in the primary market.

Explanation:

Based in Fairmont, WV, the Internet Fraud Complaint Center is run by the FBI and the National White Collar Crime Center with the goal to analyze fraud-related complaints. Question 8 options: True False

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The Internet Fraud Complaint Center, run by the FBI and the National White Collar Crime Center, indeed analyzes fraud-related complaints.

What is the Internet-Fraud Complaint Center?

The Internet-Fraud Complaint Center, based in Fairmont, WV, handles the following internet-related complaints:

Intellectual Property Rights ( IPR ) mattersComputer Intrusions (hacking)Economic Espionage (Theft of Trade Secrets)Online ExtortionInternational Money Laundering.

Thus, the Internet-Fraud Complaint Center is run by the FBI and the National White Collar Crime Center to analyze fraud-related complaints.

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The reserve ratio equals 2 percent. The Fed buys $1 million in U.S. government securities. The most the money supply can increase is a. $10 million. b. $40 million. c. $50 million. d. $100 million.

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If the Fed buys $1 million in U.S. government securities. The most the money supply can increase is: c. $50 million.

Money supply

Using this formula

Mioney supply=Government securities/Reserve ratio

Where:

Government securities=$1 million

Reserve ratio=2% or 0.02

Let plug in the formula

Money supply=$1 million/0.02

Money supply=$50 million (Increase)

Therefore the most the money supply can increase is: c. $50 million.

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What characteristics of an organizational structure and culture are best suited to achieving a cost-leadership strategy

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An informal type of organizational structure is one best suited for achieving a cost-leadership strategy especially when the managers is promoting innovation.

What is a cost leadership strategy?

This is a cost strategy that relies on a firm's ability in using a lower costs of production to offer quality products at low prices.

These type of strategy is best achieved with an informal type of organizational structure & culture.

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You sell tacos that cost $2 to produce. You sell them for $4. Your markup on cost, expressed as a percentage, is:

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If you sell tacos for $4, when they had a production cost of $2, this is a markup percentage of 100%.

What is the markup percentage of the tacos?

This can be found by the formula:

= (Selling price - Cost price) / Cost price x 100%

Solving gives:

= (4 - 2) / 2 x 100%

= 2 / 2 x 100%

= 1 x 100%

= 100%

In conclusion, the markup is 100%.

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Major investments in either tangible long-term assets such as land, or intangible assets such as patents are considered to be ______ expenditures.

Answers

Answer: Capital Expenditure

Explanation:

Gretchen works for Securitas Financial Group, but she seldom sees the inside of the offices. Instead, she does most of her work in a home office she put together in a spare bedroom. Her computer is linked to Securitas's office, so her work is distributed as quickly and efficiently as if she were at the office. Gretchen is one of the increasing number of workers who

Answers

Since Gretchen does most of her work at home and seldom go to office, Gretchen have become independent contractors.

Who is an independent contractor?

An independent contractor serves as a self-employed person, who is a consultant that provides services to other organization.

Therefore, under Common law principles, independent contractor can be regarded as a status involving method of payment.

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If the number of consumers in a market increases, the market demand curve will.

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If the number of consumers in the market increase,the demand increases respectively

Theory of Demand and Supply

The theory of demand and supply is a powerful tool that explains the behaviours of buyers and sellers of goods and service, and how price reacts to this behaviours.

When the demand of a commodity is high, the price will be high and when the demand is low the price will become low.

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All of the following are forms of nonstore retailing EXCEPT: Group of answer choices telemarketing. factory outlets. direct selling. television home shopping.

Answers

Factor Outlets and Direct selling are not the forms of Nonstore retailing as they form part of direct selling.

What is Nonstore Retailing?

Nonstore retailing is the sale of goods and services outside the boundaries of the retail space. A common term that describes sales that take place outside stores and shops.

Institutions in this subdivision include mail ordering houses, vending equipment operators, real estate sales, door-to-door sales, party systems sales, e-commerce, and portable real estate sales.

Thus, Factor Outlets and Direct selling are not the forms of Nonstore retailing as they form part of face-to-face selling.

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As you will see from this agreement, there are different a.p.r.s applied based on how the credit card is used. which transaction type has the highest a.p.r.?

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The transaction type which has the highest annual percentage rate (A.P.R) is the one that is triggered by late payment.

What is an A.P.R?

An A.P.R is acronym for annual percentage rate and it can be defined as the yearly rate of interest that is typically generated with respect to an amount of money borrowed by a person (borrower) from a financial institution or investor (lender).

Generally, a transaction type which would have the highest annual percentage rate (A.P.R) based on how the credit card is used, is the A.P.R that is triggered by a borrower's late payment.

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A trademark is an exclusive right granted to its owner to publish and sell a musical, literary, or artistic work during the life of the creator plus 70 years. Group of answer choices true false

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It is "False" that a trademark is an exclusive right granted to its owner to publish and sell a musical, literary, or artistic work during the life of the creator plus 70 years.

What do you mean by Trademark?

A trademark is a type of intellectual property consisting of a recognizable sign, design, or expression which identifies products or services of a particular source from those of others,

Copyright to create works such as literary books, music albums, films, animated media, and so on.

Copyrights protect creative or intellectual works, and trademarks apply to commercial names, phrases, and logos.

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Select all the correct answers. which of the following statements are true? economic stability means fair distribution of goods in an economy. full employment is a macroeconomic goal. inflation is a fall in the prices of goods and services. inflation is a rise in the prices of goods and services. microeconomics studies the economy as a whole.

Answers

The goals of macroeconomics are economic growth, full employment, and price stability. Options 2 and 4 are True.

What are the objectives of macroeconomics?

The majority of other countries have three main macroeconomic objectives: economic growth, full employment, and price stability. The economic well-being of a country is dependent on carefully defining these goals and selecting the best economic policies to achieve them.

A macroeconomic goal is full employment. TrueInflation is defined as an increase in the prices of goods and services. True

Therefore, options 2 and 4 are true.

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Answer:

2 and 4 are corect i got a 100

Explanation:

When a company sells a product for a price that is less than the cost of producing the product, it is engaging in:.

Answers

If a company sells a product at a price that is less than the cost of producing the product, then it is engaged in dumping.

What do you mean by a Product?

A product refers to any product, goods, or services intended for sale purposes. Goods, services, experiences, shopping, convenience, specialty goods, consumer goods, and industrial goods are the different types of products.

Dumping refers to when a company or country exports a product that is lower in the foreign market than the domestic export market. According to World Trade Organization, dumping is legal.

Therefore, Dumping is when a company sells a product that is lower than the cost of producing the product.

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Which two main categories can an organization fall into that would require them to comply with hipaa rules?.

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The main categories that an organization can fall into that would require them to comply with hipaa rules are covered entities and business associates.

What is HIPAA rule?

HIPAA rule simply means national standards to protect individuals medical records and other health information.

In this case, the main categories that an organization can fall into that would require them to comply with hipaa rules are covered entities and business associates.

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Suppose that the central bank increases interest rates in an economy. How would this affect aggregate demand and inflation

Answers

Answer:

aggregate demand would fall and inflation would fall

Explanation:

What are some advantages of promoting products using technology?: ​

Answers

Answer:

They get the word out faster

They can buy it from their homes, therefore increasing sales

They see it from everywhere

Explanation:

Answer:

Using technology to promote products allows you to reach a bigger audience in less time which is a major advantage.

Camilla is a PR specialist for Kia Motors, which plans to open a new plant in the city of Knoxville, Tennessee. The city council is requiring Kia to present a detailed environmental impact statement showing exactly how they expect social, natural, and economic environments to be affected. This requirement is the result of a

Answers

The requirement for Kia to present a detailed environmental impact statement on its operation is as result of Tennesse's high uncertainty-avoidance culture.

What is a high uncertainty-avoidance culture?

These are society that have long histories of being conservative and resistant to the introduction of new ideas and concepts.

Because of their nature, they requires KIA to present a detailed environmental impact statement on its operation to know how they should expect social, natural, and economic environments to be affected.

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Increases in the Gross National Product best indicate increasing economic ..... (1 point)

growth

security

freedom

efficiency

Answers

Answer:

growth

Explanation:

look at the lesson again and take more note because it  tells you in the lesson.

For a general sense of how one organization's monetary incentives relate to other organizations in the same industry, managers can compare
A) pay levels.
B) pay structures.
C) performance appraisals.
D) benefit plans.
E) employee perks.

Answers

For a general sense of how an organization's monetary incentives relate to other organizations in the same industry, managers can compare: B. pay structures.

What is a pay structure?

A pay structure can be defined as a financial system or payment plan that defines the amount of money that is being paid to the employees working in a business organization with respect to their job roles (positions) and the value they add to the organization.

This ultimately implies that, managers can compare pay structures so as to enable them have a general sense of how their organization's monetary incentives relate to other organizations within the same industry.

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One of the ways governments control capital inflows and outflows is by:

Group of answer choices

regulating imports.

regulating exports.

regulating FDI.

regulating domestic businesses.

Answers

Answer:

Regulating imports or exports. (I Think )

Explaination:

Capital controls are established to regulate financial flows that go in and out of the capital account meaning, the capital controls and regulates the imports and exports.

If $200 is deposited in a savings account at the beginning of each of 15 years and the account draws interest at 8% per compounded annually, the value of the account at the end of 15 years will be nearly:

Answers

2,760
Explanation: 200 X .08 = 16 200-16= 184 184 X 15 = 2,760

The value of the account at the end of 15 years will be nearly is $2,760.

What is a savings account?

A savings account is an interest-bearing deposit account held at a bank or other financial institution. These accounts offer relatively low interest rates, but their dependability and security make them a great option for keeping money on hand for emergency needs.

This is one of the best kinds of savings accounts for maximizing the growth of your money. Online banks commonly provide several sorts of high yield savings accounts to tempt depositors who want to earn a greater interest rate than what is provided at brick-and-mortar banks and credit unions.

The three most common types of savings accounts are regular deposit, money market, and certificates of deposit.

Thus, it is $2,760.

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The New American Enterprise Mutual Fund's portfolio is valued at $60 million. The fund has liabilities of $2 million, and the investment company sponsoring the fund has issued 2,900,000 shares. What is the fund's net asset value

Answers

Answer:

$30.40

Explanation:

($40 million − $2 million) / 1.25 million shares = $30.40

(Assets - Liabilities) / The total number of outstanding shares is the NAV. NAV is frequently close to or equal to a company's book value. Hence fund's net asset value is $ 30.40 .

What is Mutual Fund  and NAV ?

Professional money managers run mutual funds, allocating the assets and attempting to generate capital gains or income for the fund's investors.

The portfolio of a mutual fund is set up and kept up to date in accordance with the specified investment goals in the prospectus.

The net asset value of an investment fund is calculated by dividing the number of outstanding shares by the net value of the fund's assets less its liabilities.

The price at which the shares of funds registered with the U.S. Securities and Exchange Commission (SEC) are traded is referred to as the NAV most frequently when discussing mutual funds or exchange-traded funds (ETFs).

For businesses the difference between assets and liabilities for both individuals and commercial entities is referred to as the net assets, net worth, or capital of the organization.

(Assets - Liabilities) / The total number of outstanding shares is the NAV

($40 million − $2 million) / 1.25 million shares = $30.40

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O A. "I'm a hard worker."
O B. need more help.'
• C. "I wonder if my friends are good at this."
C D. "Will this be
over soon?"

Answers

whats the question here?

__________ is a disadvantage commonly associated with a diversified workforce. Multiple Choice Organizational flexibility Stereotyping Enhanced cohesiveness Broad innovation Glass ceiling effect

Answers

Enhanced cohesiveness is one of the demerits of having a diversified workforce.

What is enhanced cohesiveness?

A situation where the effectiveness of an organization is lengthened for the purpose of the goals of the organization as such with huge amount of dynamic manpower resources.

However, this dynamism in the workforce proves to be a big barrier in growth, as the allocation of the tasks in the hands of each of the employees becomes difficult at times.

Hence, option C; the disadvantage of diversified workforce is mostly in association with enhanced cohesiveness.

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