The primary difference between a merchandising and a carrier-primarily based commercial enterprise is the presence of inventory. merchandising companies promote items to purchasers, whereas provider-primarily based agencies do no longer. The organization's economic statements, which include the profits statements, ought to replicate this distinction.
Although merchandising and service businesses use the same 4 final entries, merchandising groups typically have extra temporary debts to shut. the extra debts consist of income, sales returns and allowances, income discounts, purchases, purchases returns and allowances, purchases discounts, and freight‐in.
Accounting for a merchandising commercial enterprise requires understanding the prices and phrases of buying from providers. The higher a commercial enterprise proprietor can negotiate terms, the higher his profit margins can be, and the less risk he assumes, based on capability loss or breakage.
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the following data were gathered to use in reconciling the bank account of savannah company: line item description amount balance per bank $16,750 balance per company records 16,125 bank service charges 80 deposit in transit 2,195 nsf check 950 outstanding checks 3,850 what is the adjusted balance on the bank reconciliation?
The adjusted balance on the bank reconciliation is 15,095.
A bank reconciliation statement compares an entity's bank account with its financial records by giving a summary of banking and business activity. The financial statement contains all transactions involving a bank account for a given time period, including deposits, withdrawals, and other activities.
Balance per bank = $ 16,750
Balance per company record = 16,125
Bank service charges = 80
Deposit in transit = 2195
NFS check = 950
Outstanding checks = 3850
Adjusted balance per company records = Balance per company records - NSF check - Bank service charges = 16,125 - 950 - 80 = 15,095.
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on the date of record, a cash dividend would be recorded with a credit to what account? cash cash dividends dividends payable no entry necessary
The correct response is d) no entry necessary. On the record date, will the cash dividend be recorded with a credit to the no entry account.
A cash dividend is a sum of money distributed on a regular basis to stockholders by a firm (as opposed to in stock or any other form) Cash dividends are frequently distributed on a regular schedule, like monthly or quarterly, but they can also be one-time payments, as after a settlement, on occasion. Dividends on common stock are calculated by multiplying the number of outstanding shares by the quarterly per-share payout. You may calculate the total cash dividends paid for the year by adding the four quarterly amounts together. Since dividends constitute a payout of a company's accumulated earnings, they are not seen as expenses. Because of this, dividends are never recorded as a cost on the income statement of an issuing corporation. Rather, dividends are viewed as a distribution of a company's stock. You must have the stock in your demat account on the record date of the dividend issue in order to be eligible for dividends. To ensure that the stocks are delivered to your demat account by the record date, you should have purchased the stock at least one day before the ex-date.
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if a company’s operating cycle is much longer than its average payment period for suppliers, it creates the need to borrow money to fund its inventories and accounts receivable. t or f
It is a false statement that when a company’s operating cycle is much longer than its average payment period for suppliers, it creates the need to borrow money to fund its inventories and accounts receivable.
What is an operating cycle?An operating cycle means the time it takes a company to buy goods, sell them and receive cash from the sale of said goods. In other words, it tells how long it takes a company to turn its inventories into cash.
The length of this operating cycle is dependent upon the industry. Understanding a company's operating cycle will help determine its financial health by giving it an idea of whether or not it'll be able to pay off any liabilities.
For example, when the business has a short operating cycle, this means it'll be receiving payment at a steady rate. The faster the company does generates cash, the more it will be able to pay off any outstanding debts or expand its business accordingly.
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What are the transactions that the balance of payments accounts record?
the ______ account records receipts from exports of goods and services sold abroad, payments for imports of goods and services from abroad, and ______.
The capital account records receipts from the exports of goods and services sold abroad, payments for the imports of goods and services from abroad, and within.
What is a capital account?The capital account—also referred to as the capital and financial account—records the net flow of investment transactions into an economy and is used in macroeconomics and international finance. When the country's capital account is in surplus, money is coming in, but unlike when the current account is in surplus, the inflows essentially represent borrowings or asset sales rather than payments for labor. A capital account deficit indicates that money is leaving the country and that the country's holdings of foreign assets are growing. The capital account, as it is known elsewhere, is divided by the IMF into two main categories: financial account and capital account, with the financial account accounting for the vast majority of transactions.
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How do chemosynthetic organisms get energy? some examples of organisms include colorless sulfur bacteria, iron bacteria, and giant tube worms (riftia parchyptila).
Phototrophs (or phototrophic organisms) obtain their energy from sunlight. Chemotrophs (or chemosynthetic organisms) obtain their energy from chemical compounds. Chemotrophs that can use organic compounds as an energy source are called chemoorganotrophs.
Both eukaryotic and prokaryotic organisms obtain the energy they need to grow and maintain normal cell functions through cellular respiration. Cellular respiration has three main steps: glycolysis, citric acid cycle, and electron transport. In eukaryotes, most reactions of cellular respiration occur in the mitochondria. In prokaryotes, they occur in the cytoplasm and/or in the cell membrane.
Eukaryotes grow and reproduce through a process called mitosis. In organisms that also reproduce sexually, reproductive cells are produced by a type of cell division called meiosis. Most prokaryotic cells reproduce through a process called binary fission. During binary fission, the single DNA molecule repeats and the original cell divides into two identical daughter cells.
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Despite your company’s strong training in ethical values and behaviors, you notice that the company’s top managers frequently engage in unethical behavior. Of what is this an example?
Despite your company’s strong training in ethical values and behaviors, you notice that the company’s top managers frequently engage in unethical behavior this an example of an enacted value or norm
Enacted values or standards are those that a company and its employees consistently uphold and demonstrate. They are the values that are actually exhibited in daily life and deviate slightly from the ideals that the company upholds. The values that have the biggest impacts on the company's culture are those that are genuinely lived, experienced, and implemented.
They are the guiding principles that the organization's members follow to make choices and to shape the overall workplace culture. Despite having significant training in ethical principles and conduct, the company's top managers frequently engages in unethical behavior in the situation at hand. This alludes to disregarding the rules established by the business.
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if banks move a substantial portion of depositors' money from interest-earning checking accounts into money-market mutual funds, how will the money supply measures be affected? group of answer choices
The money supply measures be affected as M2=M1 plus near money. So the checking account is part of both but the money market mutual fund is only part of M2 so M1 decreases and M2 be the same.
Option B is correct answer.
Mutual funds allow you to pool your money with other traders to "together" purchase stocks, bonds, and different investments. they're run via professional money managers who decide which securities to buy (stocks, bonds, and so forth.) and while to promote them. You get publicity to all the investments in the fund and any income they generate.
A mutual fund is a pool of cash managed via a expert Fund manager. it's miles a accept as true with that collects money from a number of investors who proportion a commonplace investment goal and invests the identical in equities, bonds, money market contraptions and/or other securities.
Mutual fund is a economic instrument which pools the cash of various humans and invests them in specific monetary securities like shares, bonds and so forth. each investor in a mutual fund scheme owns devices of the fund, which represents a part of the holdings of the scheme.
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i am using controlling, coordinating, mediating and synthesizing as i focus on issues to help the team complete goals. which type of leadership decision making am i using? group of answer choices internal task actions external relationship actions environmental assessment actions internal relationship actions
Option a is correct. the type of leadership decision making that I am using is internal task actions.
The Hill Model for Team Leadership was put forth by Hill (2019) and it stresses the desired results of teamwork as a result of team excellence. The paradigm starts with leadership decisions, moves on to internal and external leadership actions, and concludes with an assessment of the effectiveness of the team as a whole. This paradigm places a strong emphasis on team leadership as a result of collaborative problem-solving. The entire team should partake in the leadership, which means that all decisions and oversight of team-wide actions should be made. Performance and development are the two outcomes of good teamwork. The definitions of performance and development are respectively "task completion" and "team maintenance" (Hill, 2019).
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Is Jollibee an MNC or TNC?
Jollibee Foods Corporation, often known as Jollibee (after its principal fast food brand) and abbreviated JFC and Jollibee Group, is a Multinational corporation MNC with its headquarters in Pasig, Philippines.
A multinational corporation (MNC) is a company that operates in its home country, as well as in other countries around the world. It maintains a central office located in one country, which coordinates the management of all its other offices, such as administrative branches or factories.
Transnational corporations do not have subsidiaries abroad, whereas multinational corporations do. Due to their centralised management methods, multinationals are constrained in local markets.
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When a company in one country sells its products in another country these products are called?
country sells Exports are products and services made in one nation and offered to customers in another. Imports and exports together make up global trade.
country sells Modern economies rely heavily on exports because they give people and businesses access to a wide variety of new markets. Fostering economic commerce, boosting exports and imports for the advantage of all trading parties, is one of the main goals of diplomacy and foreign policy between countries. country sells Exporting is the process by which businesses from one nation sell their products and services to clients or customers in another nation. Energy and natural resources, as well as raw materials like food or textiles and completed consumer goods like electronics, are frequently exported between nations.
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rina prepared a powerpoint presentation for potential customers in japan. they added colorful graphics in a yellow color scheme to impress their audience. they also included details that they knew specifically interested their clients. as planned, the presentation was not well received and they lost gained a valuable account. what should rina have done to improve her odds of winning this account? check all that apply. considered cultural preferences. prepared separate presentation for each client. sent the presentation ahead of time to better prepare the audience.
In order to reach potential consumers in Japan, Maria created a PowerPoint presentation. To impress their audience, they used vibrant graphics with a yellow color scheme.
What is PowerPoint?
In order to reach potential clients in Japan, Rina created a powerpoint . To wow their audience, they incorporated eye-catching graphics in a yellow color scheme. There are numerous design themes offered by PowerPoint. Discover how to use themes to add color and style to your presentations to give them a unique appearance. The most visible colors for slides are those with great contrast. Text on dark backgrounds should be light, and accent colors should be vivid. The way we see and interpret visual information is influenced by colors. They have the power to evoke emotion, establish the tone, create order, and highlight particular components. This means that picking the appropriate colors.
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which of the following is a partnership for tax purposes? a.melissa purchases a shoe store and hires her sister, whitney, to manage the store. b.emeril and rachel purchase a food truck and sell prepared food dishes at various spots around the city. c.jimmy and stephen both purchase a small stock interest in a manufacturing corporation as an investment. d.monica and chandler form a corporation to acquire a trucking business. e.none of these choices are correct.
Jimmy and Stephen both purchase small stock interest in manufacturing corporation as an investment is a partnership for tax purposes.
What is a partnership?A partnership is a legal arrangement whereby people, sometimes known as business partners, agree to collaborate in order to promote their common goals. A partnership may consist of one or more persons, businesses, nonprofit organizations, institutes of higher learning, governmental agencies, or other entities. Collaboration between organizations can increase their reach and increase the likelihood that each will succeed in achieving its objectives. A partnership may be obligated by a contract or it may issue and own stock. A partnership agreement is required for the formation of any partnership, even one that has not been reduced to paper. Although a written partnership agreement that outlines the essential aspects of their relationship may be advantageous, it is not legally required in common law countries.
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(q033) what new industry has led to an increase in prosperity for some indian tribes? group of answer choices beautician schools steel manufacturing baseball casino gambling
Casino gambling Some Indian tribes are now more prosperous as a result of the gambling industry. Casinos run by tribes were prosperous at the turn of the century.
What is a casino, for instance?In a casino, different kinds of gambling's can be played where specific gambling is also done. In additional to or in conjunction with hotels, resorts, restaurants, shopping, cruise ships, and other tourist destinations, casinos are regularly built.
What rules govern casino games?Modern gaming machines carry out their tasks using computing technology. Slot machine outcomes are determined by a random number generator (RNG), an algorithm-based program.
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one reason channels of distribution often pose longevity problems is that most middlemen question 20 options: 1) do not maintain sufficient inventory to serve customers. 2) lack product knowledge resulting in low sales volume. 3) have little loyalty to their vendors. 4) tend to slow down distribution to extract higher commissions. 5) do not have sufficient knowledge of the target market.
One of the reasons that the channels of distribution frequently offer longevity issues is that most middlemen have little commitment to their vendors. Thus, option 4 is correct.
What are the channels of distribution?The Wholesalers, retailers, and direct-to-consumer sales are the three types of distribution channels. Wholesalers are companies that buy large amounts of a product from a producer and then resell it to retailers or, in certain cases, to end users.
The channels are crucial because distribution channels play a critical part in the work of a sales representative. They aid in the development of new items for the market. They specialize in product marketing and word-of-mouth selling.
Therefore, option 4 is correct, the distribution channels typically have lifespan concerns is that most intermediaries have minimal loyalty to their vendors.
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Role _______ is experienced when individuals have inadequate information concerning their roles.
Role ambiguity is experienced when individuals have inadequate information concerning their roles.
When a person is subjected to demands that are inconsistent with their job or position, this is known as a role conflict. When people are pushed in different directions while attempting to respond to the many positions they hold, they experience role conflict.
Job conflict happens when employees are given multiple, incompatible roles at once or when their role overlaps with that of another employee or work group. A worker is more likely to experience stress at work if there is more role conflict.
Examples of Ambiguity in Roles:
When someone starts a new job, they are uncertain of their obligations, which results in unhappiness, worry, and tension.
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a perfectly inelastic demand is one in which the: select one: a. demand curve is perfectly vertical. b. demand curve is perfectly horizontal. c. measured elasticity is exactly 1. d. response to a change in price is immediate.
Option a is correct. A perfectly inelastic demand is one in which the demand curve is perfectly vertical.
When the quantity of a product is wanted remains constant regardless of price changes, this is referred to as perfectly inelastic demand.
In a scenario of perfect inelasticity, the quantity demanded remains constant regardless of the price. The term "perfect elasticity" describes a situation in which the quantity demanded is very responsive to price fluctuations, with even a minor change in price causing a significant change in the quantity demanded.
A vertical ( n = 0) Perfectly Inelastic Demand Curve exists. In actuality, this is exceedingly unusual. You could argue that since most people would do anything to remain alive, the elasticity of life-saving medical care is utterly inelastic.
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in order to most profitably engage in price discrimination, a firm will lower the price for consumers whose demand is _____ and raise the price for consumers whose demand is ______.
In order to most profitably engage in price discrimination, a firm will lower the price for consumers whose demand is more elastic and raise the price for consumers whose demand is less elastic.
A selling tactic known as price discrimination involves charging clients various rates for the same good or service depending on what the vendor believes they can persuade the customer to accept.
When a merchant uses pure price discrimination, they charge each consumer the highest price they will agree to. In more prevalent types of price discrimination, the supplier divides clients into groups based on particular characteristics and assesses a different price to each group.
Price discrimination is most beneficial when the profit gained from separating the markets exceeds the profit gained from maintaining the united markets. Different prices are charged depending upon elasticity of demand.
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what is the financing cash flow, given the following information? net income $ 550 depreciation $ 60 issuance of new stock $ 25 repayment of debt $ 30 sale of old equipment $ 45 purchase of new equipment $ 65 dividend payments $ 70 interest payments $ 100
Cash flow finance is a form of financing in which the loan to the company is covered by the company's expected cash flows. Cash flow is the amount of money coming in and out of a business over a period of time. Cash flow
Examples of common cash flow items arising from a company's financing activities are cash received from the issuance of shares or cash paid to repurchase shares. Receipt of cash from the issuance or repayment of bonds. Payment of cash dividends to shareholders.
Cash flow financing is a form of financing in which a loan to a company is backed by the company's expected cash flows. Cash flow is the amount of money coming in and out of a business over a period of time.
Financing is the process of providing funds for a business, purchase, or investment. Financial institutions such as banks provide capital to help businesses, consumers and investors achieve their goals.
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which is a method of alternative dispute resolution in which the parties make informal presentations to a neutral party, who then examines the strengths and weakness of each side's case and then informs the parties of them?
Neutral evaluation is a method of alternative dispute resolution in which the parties make informal presentations to a neutral party.
Between binding adjudication and mediation, neutral evaluation is a dispute resolution method that can be used alone or in conjunction with other dispute resolution procedures like mediation. Neutral evaluation is a procedure where the parties or their attorneys present their cases to a neutral third party (typically an experienced and well-respected attorney with knowledge of the relevant subject matter of the dispute) who then provides a reasoned, non-binding assessment of the case's merits. A decision-making process and a non-decision-making process are both elements of this procedure. The impartial party may be asked to take on the role of mediator or facilitator during the procedure.
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janicek corp. is experiencing rapid growth. dividends are expected to grow at 28 percent per year during the next three years, 18 percent over the following year, and then 6 percent per year indefinitely. the required return on this stock is 11 percent, and the stock currently sells for $68 per share. what is the projected dividend for the coming year? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) projected dividend $
To project the share's dividend. Take the most recent yearly dividend payment made by the corporation. Add to that a projected dividend growth rate.
How much is the anticipated dividend?The percentage of a stock's stock price that a corporation is anticipated to pay out as dividends is known as the dividend yield (projected) for that stock. It is computed by subtracting the company's most recent month's end stock price from the expected yearly dividends per share (DPS) for the current fiscal year.
Do you remit dividend taxes?Dividend income is typically taxable. When a taxpayer receives a dividend from a single company that is worth more than $10, they frequently receive a Form 1099-DIV in the mail. In addition, if they are filing a federal tax return, taxpayers must include their income on Schedule B.
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a stock has a beta of 1.1, the expected return on the market is 10.4 percent, and the risk-free rate is 4.75 percent. what must the expected return on this stock be? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) expected return %
This stock's anticipated return is 17,000%
What return must be anticipated for this stock?For long-term stock market investments, the majority of investors would consider an average annual rate of return of 10% or above to be a decent ROI. Just remember that this is an average. There will be years with reduced returns, or even negative returns.
The following formula is used to calculate expected rate of return in accordance with the Capital Asset Pricing Model (CAPM):
Risk-free rate plus beta equals the expected rate of return (Market rate - Risk free rate)
Whereas market risk premium is another name for (market rate - risk free rate) in this context.
Thus, the projected rate of return is equal to 10% plus 1.00 (10% - 3%)
= 10% + 1.00 × 7%
= 10% + 7%
= 17.00%
hence, This stock's anticipated return is 17.00%.
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each time a payment is made on an installment note, the portion of the next payment associated with notes payable increases. this statement is:______
Each time a payment is made on an installment note, the portion of the next payment associated with notes payable increases. this statement is False
An installment note's principal sum is reduced in part by a fraction of each payment. The amount of interest expenditure reduces (rather than increasing) with each successive payment since the principal balance drops while the interest rate stays the same.
The term "interest expenditure" refers to the price of borrowing money. It is the cost a lender assesses a borrower for using their money. The expense of borrowing money from banks, bond holders, and other sources can be shown as interest expense on the income statement.
The cost of borrowing money is the interest expense for an entity. Interest costs are classified as a non-operating expense on the income statement. The interest payable on all borrowings, including bonds, loans, and convertible debt, is indicated by this term.
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what is the potential for losing money in the stock market if an individual keeps their money invested for one year?
The potential for losing money in the stock market if an individual keeps their money invested for one year: According to popular estimates, as much as 90% of people lose money in stock markets,
including both new and seasoned investors. Isn't it shocking? But it is a fact. There are countless reasons why investors lose money in stock markets.
Money is a commodity popular by way of preferred consent as a medium of monetary alternative. it's miles the medium wherein costs and values are expressed. It circulates from man or woman to character and u. s. a . to USA, facilitating trade, and it is through ways the most critical measure of wealth.
Coins we could us satisfy our fundamental wishes—to buy meals and safe haven and pay for healthcare. meeting those desires is crucial, and if we don't have enough cash to perform that, our non-public properly-being and the health of the network as an entire go through substantially.
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compared with the sum of a stream of positive cash flows received in nominal dollars over time, the discounted value of the same cash flow stream will be
The discount value of a specific stream of net income will equal the total of the actual costs of all of the individual cash flows when comparing to the sum of the positive cash flows received in nominal dollars throughout time.
What distinguishes Net Present Value from discounted cash flow?
They aren't the same, though. You can calculate the present value of predicted cash flows using the discounted cash flow analysis. After deducting beginning expenditures, your investment's net return is indicated by the Net Present Value.
How can you compare the cash flow that will be received at various times?
Using a time line that displays both the timing and the magnitude of each cash flow in a stream makes it easier to deal with cash flows that are occurring at various points in time. So, on a timeline like the one below, a cash flow stream of $100 at the conclusion of each of the following four years can be shown.
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other things equal, the supply of labor will be higher to a job that a. doesn't allow for flexible work schedules. b. is not prestigious and provides low wages. c. is riskier than other jobs. d. requires advanced skills or education. e. offers valuable on-the-job training.
The supply of labor will be higher for a job that offers valuable on-the-job training and also offers more amenities. So option e. is correct.
The demand for labor is one determinant of the equilibrium wage and equilibrium quantity of labor in a perfectly competitive market. The supply of labor is the other. Economists think of the supply of labor as a problem in which individuals weigh the opportunity cost of various activities that can fill an available amount of time and choose how to allocate it.
The labor supply is defined as the number of workers willing and able to work, multiplied by the hours they are willing and able to work.
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question content areapreferred stockholders must receive their current-year dividends before the common stockholders can receive any dividends. true false
Preferred stockholders must receive their current-year dividends before the common stockholders can receive any dividends.
Which right do preferred stockholders receive before common stockholders?
Dividends are payable to preferred investors before common stockholders. It is not important what the balance of Retained Earnings is prior to the declaration of a cash dividend; rather, the corporation should have enough cash on hand to pay the dividend.Preferred shareholders receive dividend payments prior to common shareholders since they have priority over the company's income. The company's assets are distributed to preferred shareholders, bondholders, and debtors in that order; common investors are paid out last.To know more about Stocks here
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sheffield company has $145,000 of inventory at the beginning of the year and $131,000 at the end of the year. sales revenue is $1,972,800, cost of goods sold is $1,145,400, and net income is $248,400 for the year. on average, the number of days to sell inventory is approximately:
The number of days to sell the inventory of Sheffield company is 44 days. To understand this, the Inventory Turnover ratio must be calculated.
The inventory turnover ratio (ITR) is the number of times a company has sold and replenished its inventory over a specific amount of time. Given,
Inventory at beginning of the year = $145,000
Inventory at the end of the year = $131,000
Sales revenue (s)= $1,972,800
Cost of goods sold (CGS) =$1,145,400
Net Income = $248,400
Average Inventory = Beginning + Ending / 2
Average Inventory = 145,000+131000/2 = $138,000
Inventory Turnover ratio (ITR) = CGS ÷ Average inventory
ITR = 1145400 ÷ 138000 = 8.3 times
Sales of Inventory in days = (Average Inventory ÷ CGS)*365
Sale of inventory = (138,000÷1,145,400)*365
sale of inventory = 43.97 or 44 days.
Therefore we can conclude by saying that, the number of days to sell the inventory of Sheffield company is 44 days.
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which type of mortgage has a payment that remains the same until it is paid off?
On such a fixed-rate mortgage, ones monthly payment remains constant throughout the term of the loan, with only the proportion of interest and principal changing each month.
What exactly was meant by "interest"?
Interest is the cost of borrowing money or even the cost of lending money. Interest is most commonly expressed as an annual proportion of the loan amount. This percentage is recognized as the loan's interest rate.
What are the four kinds of interests?
Fixed interest, varying focus, annual percentage, prime rate of interest, discounted rate of return, simple involvement, and compound interest are the most common types of interest.
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what is the present value of $13,100 to be received 3 years from today if the discount rate is 5 percent?
11316.27 is the present value of $13,100 to be received 3 years from today if the discount rate is 5 percent.
Amounts of money are valued today more highly than they will be tomorrow, according to present value.
In other words, present value shows that money acquired today is more valuable than money received in the future.
Unused money now could lose value over time at an estimated annual rate due to inflation or, if there is any, the rate of return on investments.
It is important to assume that the money might earn a specific rate of return in order to assess current value.
The present value of an investment is calculated by discounting the anticipated cash flows to the present.
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in what markets, beyond eyewear, would warby parker business model work? if warby parker decides to expand beyond eyewear, which market do you think it will tackle next?
Beyond eyewear, Warby parker business model would work in their major target group consists of young, trendy, and enthusiastic millennials between the ages of 25 and 34.
This target group is socially active, online, overshares, and engages in numerous chats.
What is the business strategy of Warby Parker?
The goal of Warby Parker, a retailer of prescription eyewear and sunglasses, is to improve the customer experience through vertical integration. To do this, the company owns the optical laboratories where lenses are created as well as physical and online stores where customers can shop for a variety of products. He is able to offer higher-quality, better-looking prescription eyewear at a fraction of the going rate by avoiding traditional channels and interacting with customers directly.
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