A business owner makes 50 items a day. He spends 8 hours in producing those items. If hired elsewhere he could have earned $10 an hour. The item sells for $10 each. Production occurs seven days a week. If the total costs are $10,000 a month, the accounting profit for the month equals:

In the given case, it is the taxes are a prepaid expense and will it be represented on the settlement statement as a buyer debit and a seller credit.

A party's debit is the sum that must be paid.

The amount that appears as a sum in the party's favor is known as credit. It may have previously been paid, reimbursed, or promised.

Buyer Debit consists of:

Seller Credit consists of:

Hence, in the given case where seller Jamison is closing on his property with buyer Conrad. Jamison paid the current year's property taxes already. The taxes are a prepaid expense and will appear as a buyer debit and a seller credit.

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In an organization with a transnational structure, the parent company and all subsidiaries work together in designing policies, procedures, and logistics for delivering products and services.

With a transnational organizational structure, you often divide your company into different divisions based on functional, geographic, and product levels. By doing this, you integrate yourself into numerous product categories, geographic regions, or job roles.

We've undoubtedly all heard of transnational corporations like Walmart, Amazon, Apple, and Shell; in fact, these four are expected to rank among the top 10 worldwide businesses in terms of revenue by 2020. Due to their lack of a well-known public face, some of the others may be names you have never heard of.

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Option C. Suppose there is an increase in the number of buyers of cars and an increase in the cost of manufacturing cars. The basic graphing model of supply and demand predicts:  the equilibrium price of cars will increase, but the impact on the equilibrium quantity of cars cannot be determined without additional information

This is the term that is used to refer to the number of people that are willing to buy a product at a given wage rate.

When there is a rise in the demand of cars, there would be a rise in rhe equilibrium price of the cars.

Complete question

Suppose there is an increase in the number of buyers of cars and an increase in the cost of manufacturing cars. The basic graphing model of supply and demand predicts:

A. The equilibrium, quantity of cars will decrease, but the impact on the equilibrium price of cars cannot be determined without additional information

B. The equilibrium quantity of cars will increase, but the impact on the equilibrium price of cars cannot be determined without additional information.

C. the equilibrium price of cars will increase, but the impact on the equilibrium quantity of cars cannot be determined without additional information

D. the equilibrium price of cars will decrease, but the impact on the equilibrium quantity of cars cannot be determined without additional information

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The company report as office supplies expense for the year as

$400.

Supplies expense

Supplies expense refers to the cost of consumables used during a reporting period. Depending on the type of business, this can be one of the larger corporate expenses. There are two types of supplies that may be charged to expense.

How do you record supplies expense?

Debit the supplies expense account for the cost of the supplies used. Balance the entry by crediting your supplies account. For example, if you used $220 in supplies, debit the supplies expense for $220 and credit supplies for an equal amount.

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In any economy in which economic decisions are guided by both prices and individual self-interest, there is the potential to achieve efficiency in the level of production.

An economy is a function of how the various means of production, money, and scarce resources are carefully allocated and used to facilitate the demand and supply of goods and services in a country, so as to efficiently and effectively meet the unending needs or requirements of consumers.

According to economists, there is the potential to achieve efficiency in the level of production in any economy in which economic decisions are guided by both prices and individual self-interest.

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The Federal reserve can react by enacting contractionary monetary policies.

Inflation is when there is a persistent rise in the general price levels. Contractionary monetary policy are policies taken to reduce money supply. These policies are necessary when there are inflation is increasing.  Open market sales and increasing the interest rate are ways of carrying out contractionary monetary policy

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The phenomenon of human-driven interaction between and within individuals or organizations in order to bring about economic exchange within a value-creation context is known as personal setting.

Economic exchange: Economy where goods are exchanged for money or other goods: In pure bartering, the production process is ignored

For example, without money, the barber would pay for another goods or as a direct payment for the haircut. You need to accept the service. But if the beautician is paid with potatoes, that means he has to pay his assistant not only with potatoes but also himself with potatoes and his supplier.

Aside from factors such as interest rates and inflation, the exchange rate is one of the most important determinants of a country's relative economic health. Exchange rates play an important role in the trade levels of countries that are essential to most of the world's free market economies.

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A trademark that has received exclusive legal protection, such as McDonald's Golden Arches, is a trademark.

It consists of a form of identification of a brand, either by its design, slogan or way of manufacturing, which has been duly registered, becoming an intellectual property, being an instrument of identification and differentiation of the brand from its competitors.

Therefore, a trademark helps to protect a company, in addition to being an instrument used to strengthen marketing, creating value and recognition for the brand.

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Based on the expenses and gross profit of Bazman, the operating income during 2020 is $46.

This can be found as:

= Gross income - Operating expenses - accrued expenses + prepaid expenses - depreciation and amortization

Solving gives:

= 140 - 78 - 19 + 15 - 12

= $46

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Debit to Unearned Rent

Credit to Rent Earned for $2,475

Given:

Amount of total rent = $6,600

Computation:

Rent income refers to revenue earned from leasing out properties, such as commercial spaces, to third parties.

Amount unearned = Amount of total rent (3months / 8 months)

Amount unearned = 6,600 [3/8]

Amount unearned = $2,475

Journal entry:

Unearned rent A/c Dr $2,475

Rent A/c Cr $2,475

[Debit to Unearned RentCredit to Rent Earned for $2,475]

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Answer:

true

Explanation:

Adaptive selling and consultative selling are the two common types of the need-satisfaction presentation format.

Every person is unique, as are the circumstances surrounding the sale of any product. A selling technique that is used according to the situation that is all customized by involving or adapting to the customer's communication style is known as adaptive selling.

In the consultative selling technique, the focus of the salesman is not on the number of products that are being sold out. The main focus is on the availability of solutions that are tailored to the customer's needs. In this type of selling, a salesman learns more about a customer's needs in a better and more effective way.

Therefore, adaptive selling and consultative selling are the two common types of the need satisfaction presentation format.

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True.

Your credit score plays an important role in the homeowner's insurance premium you pay once you purchase a home. That's because insurance companies use information in your credit report to calculate an insurance score.

A higher credit score decreases your car insurance rate, often significantly, with almost every company and in most states. Getting a quote, however, does not affect your credit. Your credit score is a key part of determining the rate you pay for car insurance.

Although some insurance companies still look at your actual credit report, most insurance companies using credit information are using a “credit score.” A credit score is a snapshot of your credit at one point in time.

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The inflationary spiral explains the causes and effects of high inflation. The spiral usually begins with an increase in demand. What is the direct effect of this increase in producers raising prices to continue to make profit .

Price spirals are a macroeconomic theory used to explain the causal relationship between rising wages and rising prices or inflation. The price spiral suggests that rising wages will increase disposable income, increase demand for goods, and raise prices.

Higher prices increase the demand for higher wages, leading to higher production costs and further upward pressure on prices, creating a conceptual spiral.

Price Spiral is an economic term that describes the phenomenon of price increases due to rising wages. When workers receive wage increases, they demand more goods and services, which leads to higher prices. Rising wages effectively increase overhead costs, which are passed on to consumers at higher prices. It is essentially a permanent loop or cycle of constant price increases.

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The correct option is, a click-on agreement.

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Frictional unemployment occurs when a worker decides to quit one job to seek a different job.

Unemployment that is only occasional isn't always a terrible thing. In fact, since it's voluntary, frictional unemployment may be a sign of a strong economy. It indicates that workers are looking for new positions and careers.

That exhibits confidence in the state of the economy, the future, and their own chances. There are plenty of available work positions, even though it might take some time or effort to find your next major move.

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Advertisers are starting to use more models and spokespersons who are racially and/or ethnically ambiguous to depict the diversity of races and ethnicities residing in America. Hence, Option D is correct.

Diversity is the integration of culture, experience, and people. To measure the diversity, there are various scales like age, race, sex, economy, and many more. Basically, diversity is a combination of things that are different from each other.

"Diversity of race" means when people who have different physical traits are placed in a single group. It is a social construct, not defined in biological terms. Diversity of ethics means difference in opinion on a single point among people of the same organization.

The complete question is attached in an image form in the last.

Thus, option D, to depict the diversity of races and ethnicities residing in America, is correct.

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The first thing Gerard should do in promoting alcoholic beverages is to identify issues that need to be addressed.

Hence, when promoting alcoholic beverages, Gerard should start by determining which problems need to be solved.

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A rational investor would choose A. This is because it is less volatile and has a lower standard deviation. ln this case the return on both assets is the same and hence the deciding factor is the standard deviation. Lower deviation means lesser risk and lesser chances of fluctuations.

A hypothetical person who weighs the advantages and disadvantages of every choice before acting; the foundation for many economic theories and models.

Investor disillusionment occurs when the very people who support the corporate system lose confidence in it. According to the corporate form of business, investors provide a corporation with capital by purchasing its shares.

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The preparation of the trial balance and balance sheet of Sabourin Realty as of September 30, 2020, is as follows:

1. Sabourin Realty

As of September 30, 2020

Accounts                            Debit            Credit

Cash                                 $84,645

Accounts receivable           5,325

Supplies                               1,250

Equipment                         12,700

Automobile                       28,250

Building                            182,100

Land                                103,200

Accounts Payable                                 $7,325

Bank Loan                                             37,570

Mortgage Payable                              105,000

Capital, J. Sabourin                            267,575

Totals                          $417,470        $417,470

2. Sabourin Realty

As of September 30, 2020

Current Assets:

Cash                                        $84,645

Accounts receivable                  5,325

Supplies                                       1,250

Total current assets              $91,220

Long-term Assets:

Equipment               12,700

Automobile            28,250

Building                  182,100

Land                      103,200  $326,250

Total assets                           $417,470

Current liabilities:

Accounts Payable                    $7,325

Bank Loan                                37,570

Total current liabilites           $44,895

Long-term liabilities:

Mortgage Payable                 105,000

Total liabilities                    $149,895

Equity:

Capital, J. Sabourin                267,575

Total liabilities and equity  $417,470

A balance sheet is a financial statement that summarizes the financial position of an entity at a point in its fiscal period.

The financial position shows the entity's assets (what it owns), liabilities (what it owes creditors), and equity (what it owes the owner).

At any date of the financial period, the assets are always equal to the liabilities and equity.  Balance sheets, like other financial statements, are always prepared from the Trial Balance.

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In a firm's income statement, interest payments on debt are deducted before corporate taxes are calculated, which reduces the firm's tax liability.

An overview of the company's operations for a specific time period is provided in the income statement. The revenue (gross and net sales), cost of products sold, operational expenditures (selling and general and administrative expenses), taxes, and net profit or loss are the statement's primary components.

The statement logically and coherently presents the company's revenue, costs, gross profit, selling and administrative expenses, other expenses and income, taxes paid, and net profit.

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The knowledge that company officers have over their assigned personnel will include:

Company officers will be expected to directly interact with the personnel under them.

To do this, they are to have knowledge of certain things such as performance evaluations, substance abuse, and duty assignments. This would help them direct personnel better.

Options for this question are:

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a. Raising interest rates encourages people to save: positive statement

b. The government ought to be more concerned with reducing unemployment: normative statement

c. The government should raise the tax on tobacco to discourage people from smoking: normative statement

d. The government should limit immigration: normative statement

e. Increasing gasoline taxes results in less disposable income: normative statement

f. The government should raise gasoline taxes and fix bridges: normative statement

Normative statements come from a viewpoint or an opinion. As a result, the terms "should," "ought," or "it is preferable to" are commonly used. Normative statements can never be proven to be true.

Conversely, positive statements can often be put to the test in theory, if not always in practice. Positive statements are not value judgments. They are predictions of what it is, was, or will become.

Thus, option A is a positive statement and rest are normative statements.

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The general journal entry to correct the error is: Debit Utilities expense $925; Credit Telephone expense $925.

Since the company  mistakenly debited Telephone Expense instead of Utilities Expense the correcting entry is:

Williams Corporation Correcting entry

June 30

Debit Utilities expense $925

Credit Telephone expense $925

Therefore the general journal entry to correct the error is: Debit Utilities expense $925; Credit Telephone expense $925.

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The blank is to be filled with the word Multiplier.

The Multiplier effect refers to the effect on national income and product of an exogenous(caused by a variety of factors outside the control of a single organization) increase in demand.

In other words, it means that the multiplier effect is an economic term, referring to the proportional amount of increase, or decrease, in final income that results from an injection, or withdrawal of capital.

Let's take an example. Suppose assume a company makes a $100,000 decline in investment of capital to expand its manufacturing facilities in order to produce less and sell less. After a year of production with the new facilities operating at minimum capacity, the company’s income decreased by $200,000. This means that the multiplier effect was 2 ($200,000 / $100,000). Simply put, every $1 of disinvestment produced an extra decline in $2 of income.

Hence, The idea that the eventual decline in spending will be much larger than the initial (autonomous) decrease in aggregate demand is the Multiplier.

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The correct option is (c) industry environment.

Content Area As discussed in the video, the craft beer industry has been able to capture 11% of overall beer sales, while occupying only 6% of the market. This financial review of the external environment is which step in the environmental analysis process Monitoring.

What is the target market for craft beer?

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GDP alone does not effectively compare national living levels and per capita GDP takes into account population.

GDP estimates the monetary worth of final products and services (those purchased by the ultimate user) generated in a country over a certain time period (say a quarter or a year). It includes all  the product produced inside the borders of country's .

Per capita GDP takes into account both the country's GDP and its population. Per capita GDP deconstructs a country's economic production per person and is computed by dividing a country's GDP by its population, allowing for a more accurate comparison of living standards across nations.

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As the company grows and hires additional supervisors, she is able to spend the bulk of her time in her area of expertise. In this example, the company has increased its managerial specialization.

This is the aspect of management that has to do with learning the skills and the vital knowledge that comes with the handling of a competitive business environment.

This is what the supervisor has done here by spending her time in this area of expertise.

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2.564.

Given,

Net sales = 4,249,830

Average Total Assets= 1,089,700

Asset Turnover Ratio=Net Sales/Average Total Assets

Asset Turnover Ratio=424983/1089700=2.564

Definition: The asset turnover ratio is the ratio between the value of a company's sales or revenues and the value of its assets. It is an indicator of the efficiency with which a company is deploying its assets to produce revenue. Thus, the asset turnover ratio can be a determinant of a company's performance.

>Asset Turnover Ratio

--The Asset Turnover ratio measures how efficiently the asset invested are being used to generate revenues.

--The resulting figure tells how much $ of sales revenues are being generated for $ 4,249,830 of average total assets.

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The disclaimers John must include in the advertisement is "Sales meetings may be made accessible to those who use TTY equipment by contacting the company at "companies number"." This is further explained below.

Generally, an advertisement is a notification or announcement in a public forum for the purpose of selling a product or service, announcing a special event, or advertising an open position.

In conclusion, John has to include a disclaimer in the ad saying that those who use TTY equipment may attend sales meetings by calling the firm at the "companies number."

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