Discounts are subtracted from a buyer's total amount due when buying products or services. Sellers frequently provide discounts to promote early payment of products or services.
They are typically indicated as a percentage of the selling price and are only valid during the "discount period," which is a finite window of time.
Purchase returns: Gross Purchases 8,900 Less (445)
Net purchases: 8,455
Trade discounts and cash discounts are the two sorts of discounts available.
What distinguishes the credit period from the discount period?
If the account is paid in full before the end of the discount period, the customer can be eligible for a cash discount rate. The duration of the trade credit is known as the credit period, and up until the end of the credit term, no interest is applied to the outstanding balance.
How Do Credit Periods Work?
The amount of days that a customer has to wait before paying an invoice is known as the credit period. The idea is crucial because it shows how much working capital a company is prepared to put into its accounts receivable in order to increase sales.
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the firm that printed your textbook bought the paper from xyz paper mills. was this purchase of paper part of gdp? if not, how does the value of the paper get counted in gdp?
The purchase of the paper is not part of GDP. The value the paper adds to the textbook is counted in GDP.
What is GDP?
GDP is an abbreviation for gross domestic product. Gross domestic product is the sum of all the goods and services produced in a country in a given period which is a year.
Gross domestic product is used to measure the economic growth of a particular country. The higher gross domestic product is, the higher the standard of living and the higher economic growth is.
Intermediate goods are not included in the calculation of gross domestic product. Intermediate goods are the goods that are used in the production of goods and services. They are goods that are consumed directly by the end user. In this question, paper is an intermediate good.
The value of intermediate goods are still included in the Gross domestic product by means of the value added method.
For example, assume the cost of the paper is $100 and the price of the textbook is $150. The amount that would be included in GDP is $50 ($150 - $100).
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zachary corporation is a manufacturing company that makes small electric motors it sells for $49 per unit. the variable costs of production are $25 per motor, and annual fixed costs of production are $528,000.
The point at which total cost and total income are equal, or "even," is known as the break-even point in economics, business, and specifically cost accounting. Despite opportunity costs being covered and capital receiving the risk-adjusted, expected return, there is no net loss or gain, and one has "broken even."
The formula is as follows to determine the break-even point in units: Break-Even point (in units) = Fixed Costs (Sales price per unit – Variable costs per unit)
Break-Even point (in units)= 528000/(49-25)
= 22000 units
Break-Even point (in units)= 72000/ (49-25)
= 3000
Break-Even point (in units)= 72000/ (45 - 25)
=3600
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The complete question is:
Zachary Corporation is a manufacturing company that makes small electric motors it sells for $49 per unit. The variable costs of production are $25 per motor, and the annual fixed costs of production are $528,000. Required How many units of the product must Zachary make and sell to break even? How many units of the product must Zachary make and sell to earn a $72,000 profit? The marketing manager believes that sales would increase dramatically if the price were reduced to $45 per unit. How many units of the product must Zachary make and sell to earn a $72,000 profit, if the sales price is set at $45 per unit?
if canada has a comparative advantage relative to mexico in the production of timber, then a. the average cost of production for timber is lower in canada than in mexico. b. the opportunity cost of production for timber is lower in canada than in mexico. c. the explicit cost of production for timber is lower in canada than in mexico. d. the implicit costs of production for timber are lower in canada than in mexico.
If Canada has a comparative advantage relative to Mexico in the production of timber the opportunity cost of production for timber is lower in Canada than in Mexico.
A sort of wood known as timber has been transformed into beams and planks. In the US and Canada, it is also referred to as "lumber." Timber or lumber is essentially the firewood or wood from growing trees. Any wood that has the ability to produce a minimum dimensional size is referred to as lumber or timber. It is a step in the process of making wood. For structural purposes, timbers are utilized. Timbers are woods that have been prepared for use in construction. For the industry, finished wood is provided in conventional sizes. Building homes and producing furniture both need wood.
Timber and Lumber Types
Hardwoods and softwoods are the two categories into which timber can be categorized. These two groups include a wide variety of timber varieties. It is they-
Cross-laminated bamboo, birch, cedar, cherry, and green timber
Lime
Mahogany
Sapele timber
Tulipwood
Walnut
Ash wood Spruce fir
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three years ago you purchased a share of computech stock for $32, which you could sell today at the current market price of $252. what would be your capital gain on the sale, ignoring commissions?
The capital gain on the sale, ignoring commissions is $220.
A capital gain can be defined as the increase in a capital asset's value and is realized when the asset is sold. Capital gains apply to any type of asset, such as investments and those purchased for personal use. The gain may be long-term (more than one year) or short-term (one year or less) and must be claimed on income taxes. The formula of capital gain, is:
Capital gain = final sale price - (transfer cost + indexed acquisition cost + indexed house improvement cost).
Capital gain = $252 - $32 = $220
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Cody's credit report lists two different addresses in Lakeville, CT. What might be an explanation for that?
A. Cody's family owns more than one property.
B. His family moved while he was growing up.
C. Someone else with the same name lives at the second address.
D. One is his home address and one his work address.
Answer:
Its B
Explanation:
His family moved while he was growing up.
And for the Rest
1. What do Equifax, Experian, and TransUnion do?
C) compile credit reports on individuals
2. Cole just moved to a new neighborhood. He called the electric company to switch the utilities for his new home from the landlord to himself. Why would the electric company request a copy of Cole’s credit report?
C) They needed to decide whether to require Cole to provide a deposit.
3. Cody’s credit report lists two different addresses in Lakeville, CT. What might be an explanation for that?
B) His family moved while he was growing up.
4. Where does your credit score come from?
D) It is based on information in the credit reports compiled by Equifax, Experian, and TransUnion.
5. If your credit report shows late payments because you were deployed to a combat zone, what might you do to clean up your credit report?
B) Send a note to the credit bureau that you were in combat rotation for three months with limited ability to pay your bills but have caught all the bills and late fees up.
Answer: B. His family moved while he was growing up.
Explanation: Its correct on the test btw the person above is also correct on all answers !
using a 3-year weighted moving average in which the registrations in the most recent year are given a weight of 2, and registrations in the other 2 years are each given a weight of 1, the forecasted registrations (in thousands) for years 4 through 12 are (round your responses to one decimal place):
majestic corporation manufactures wheelbarrows and uses budgeted machine hours to allocate variable manufacturing overhead. the following information relates to the company's manufacturing overhead data: budgeted output units 43,500 units budgeted machine-hours 17,400 hours budgeted variable manufacturing overhead costs for 43,500 units $382,800 actual output units produced 45,500 units actual machine-hours used 14,500 hours actual variable manufacturing overhead costs $435,709 what is the flexible-budget variance for variable manufacturing overhead?
The flexible-budget variance for variable manufacturing overhead is $116,709 Unfavorable.
What is the flexible budget variance?The flexible budget variances are the differences between the actual results and the flexible budget results.
The flexible budget considers different production and sales levels, unlike the fixed budget model.
In this situation, the basis for allocating the variable manufacturing overhead is the budgeted machine hours and not the units produced.
Budgeted output = 43,500 units
Budgeted machine-hours = 17,400 hours
Budgeted variable manufacturing overhead costs = $382,800
Budgeted overhead cost per machine hour = $22 ($382,800/17,400)
Actual output = 45,500 units
Actual machine-hours used = 14,500 hours
Actual variable manufacturing overhead costs = $435,709
Flexible variable manufacturing overhead costs = $319,000 ($22 x 14,500)
Flexible-budget variance for variable manufacturing overhead = $116,709 U ($319,000 - $435,709).
Thus, Majestic Corporation incurred more variable manufacturing overhead than it should have under the flexible-budget model.
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when shopping for groceries, you quickly locate and purchase the brands of food you are familiar with without needing to look at the item description. you are most likely using thinking.
When shopping for groceries, you quickly locate and purchase the brands of food you are familiar with, without needing to look at the item description. You are most likely using brand familiarity thinking.
Brand familiarity is a one-dimensional construct that, regardless of the nature or substance of the information being processed, is directly correlated with the amount of time spent doing so. Brand familiarity is the most basic type of consumer knowledge as a result.
Furthermore, this definition makes the explicit assumption that brand familiarity is situational and is influenced in a manner that is similar by exposure to advertising, purchasing patterns, and product use or usage.
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According to a gartner survey, what percentage of executives would allow at least a portion of their workforce to continue telecommuting after the 2020 global pandemic?.
Gartner CFO Survey Reveals 74% Intend to Shift Some Employees to Remote Work Permanently.
What is workforce?Workforce planning is the process of analysing, forecasting, and planning workforce supply and demand, identifying gaps, and selecting targeted talent management interventions to make sure an organisation has the right people, with the right skills, in the right places at the right time, to carry out its mission.
The labour force is made up of all employees as well as employers who pay employees, persons who are unemployed but looking for work, and other individuals. The labour force would include a job seeker, but she would not be regarded as an employee.
We define the workforce experience as "the sum of a human's lived experiences at work and how they feel about their organisation" and think there are eight key relationships that affect a worker's experience at an organisation, two of which have recently been incorporated into our leading practise perspective.
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larry purchased an annuity from an insurance company that promises to pay him $6,500 per month for the rest of his life. larry paid $626,340 for the annuity. larry is in good health and is 72 years old. larry received the first annuity payment of $6,500 this month. use the expected number of payments in exhibit 5-1 for this problem.
His executor will be entitles to deduct the remaining amount is $268840 on larry's final tax return.
Tax
A tax is a mandatory financial charge or other type of levy imposed on a taxpayer by a governmental organisation to fund government spending and various public expenditures, and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers pay the correct amount of tax at the correct time and receive the correct tax allowances and tax reliefs. Taxes can be direct or indirect, and they can be paid in cash or in labour equivalents.
Expected return multiple based on age group(age 72)
= 14.60
No. of annual payments= 12
Expected value of payments= 14.60 [tex]\times[/tex] 12 [tex]\times[/tex] $6500
= $ 1138800
Exclusion percentage =$626340/$1138800
=55%
Exclusion amount= $6500[tex]\times[/tex]55%
=$3575
Amount to be deducted= $626340-(100[tex]\times[/tex] $3575)
= $626340 - $357500
= $268840
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data must be converted into information to be considered useful and meaningful for decision making. there are 14 characteristics that make information both useful and meaningful. if information is free from error or bias and accurately represents the events or activities of the organization, it is representative of the characteristic of group of answer choices relevancy. timeliness. understandability. accurate.
If the information is free from error or bias and accurately represents the events or activities of the organization, it represents the characteristics of the answer choice group Verifiability.
Verifiability is a characteristic of financial information in such a way that the information can be confirmed by source documents. For example, an outside auditor must be able to prepare the same financial statement results as a client, using the same set of financial records and using the same assumptions applied by the client. When financial statements are verifiable, it assures users of the reports that they are fairly representative of the underlying business transactions.
Verification cannot be achieved without knowing the assumptions used in the preparation of financial statements. For example, depreciation expense calculated by a third party may differ from that calculated by a business, depending on the projected useful life and assumed salvage value. Not only does it involve more than duplicating the results reported by others, but verifiability also involves deciding whether the assumptions used by the other party are reasonable. It is likely that the auditor examining the client's financial statements will conclude that the client is making incorrect assumptions.
Another aspect of verification is that the business provides clear documentation of how the numbers came to be. By examining these documents, one can see if there is a logical flow from the source documents to the financial statements.
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suppose that towns collect resources from their surroundings. then, through trade, they attempt to obtain other desirable items. mortarville, an urban town that specializes in brick and ore, wants wood to build roads so that it can expand and connect to other major cities. mortarville has a willingness to pay $50 for wood, since wood is hard for them to obtain. mayflair also needs wood to build grain silos for their wheat harvests. mayflair is willing to pay $45 for wood. timber, the only foresting company, sets the price of wood at $60 .
The change in total surplus that arises due to trades between TIMBER and the tows is equal to zero
What is total surplus?A market's overall surplus serves as a gauge for the general well-being of all members. Combined consumer and producer surplus make up this amount. Consumer surplus is the gap between what customers are prepared to pay and what they actually pay for a good.
Entire benefits minus total expenses can be used to compute total market surplus. The area between our marginal benefit and marginal cost, limited by quantity, is another option. Finding the difference between marginal benefits and marginal costs at each level of production is equal to doing this.
There is no commerce since the price of wood is more than what the market will bear. In order for trade to take place, either some of the participants will boost their demand and accept the price of $60 and then search for a different supplier, or consider producing for themselves. Timber may also drop the price of the wood so that trade takes place.
The complete question is written below.
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Suppose that towns collect resources from their surroundings. Then, through trade, they attempt to obtain other desirable items. Porterville, an urban town that specializes in brick and ore, wants the wood to build roads so that it can expand and connect to other major cities. Porterville has the willingness to pay $ 50 $50 for wood since wood is hard for them to obtain. Mayfair also needs wood to build grain silos for their wheat harvests. Mayfair is willing to pay $ 45 $45 for wood. Timber, the only foresting company, sets the price of wood at $ 60 $60. The change in total surplus that arises due to trades between TIMBER and the tows is________.
-less than zero
-equal to zero
-greater than zero
nikki bowles, recently promoted to a frontline management position, quickly learned that her manager, tim davis, would often delegate decision making to her. tim told her, "i want you to make as many decisions at your level as possible, because
As Tim Davis would often delegate decision making to her, he will most likely told her, "I want you to make as many decisions at your level as possible, because you deal directly with problems and opportunities and thus have the most relevant information."
What is known as a delegation?In management, a delegation refers to the assignment of authority to another person to carry out specific activities. It is also defined as a process of distributing, entrusting work to another person, and this is known as one of the core concepts of management leadership.
The process of delegation involves the managers deciding which work they should do themselves and which work should be delegated to others for completion. So, from a managerial view, a delegation involves shifting project responsibility to team members and by giving them opportunity to finalize the work product effectively with a minimal intervention.
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a married couple's retirement annuity pays them $250 per month. the husband dies and his wife continues to receive $125.50 per month for as long as she lives. when the wife dies, payments stop. what settlement option did they select?
Joint and survivor is the settlement option did they select when the wife dies and the payments stop.
What is Joint Annuity ?
For as long as you live, a life annuity offers guaranteed income payments. As long as you or your spouse/partner are alive, a combined life annuity will make payments.
A guaranteed term is an option that is available to you. Your beneficiary will get the remaining guaranteed income payments if you pass away before the expiration of that time frame.
The federal pension income tax credit may also apply to the income from a life annuity (of qualified pension income).
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Billing errors, even small ones, can make customers quite upset. Therefore, maintaining high-quality data with regards to product pricing, discounts, and sales taxes benefits businesses most directly by _____.
Maintaining high-quality data with regard to product pricing, discounts, and sales taxes benefit businesses most directly by a computer.
An excise tax may be a tax paid to governance for the sales of bound goods and services. sometimes laws permit the vendor to gather funds for the tax from the patron for the purpose of purchase. once a tax on goods or services is paid to a governing body directly by a consumer, it's usually known as a use tax.
Conventional or retail sales tax is levied on the sale of an honest to its final end-user and is charged on every occasion that item is oversubscribed retail. Sales to businesses that later sell the products don't seem to be charged the tax. A purchaser who isn't an associate degree end-user is sometimes issued a "resale certificate" by the burdensome authority and needed to supply the certificate (or its ID number) to a trafficker for the purpose of the purchase, besides a press release that the item is for resale.
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in this discussion, focus on the decision-making models at the upper levels of management, as covered in chapter 10 of your text. management and leadership are two different things, but the roles are often performed by the same person. however, it is important to understand the difference between the two and how each concept helps the organization succeed. read what is the difference between management and leadership? as you read this article, think about the following questions, which may apply to the leader of the companies you have chosen to study for your final project (you do not need to answer these questions in the discussion thread; they are provided only for reading guidance): how do management and leadership complement each other within the organization? who are more likely to be the primary decision-makers, managers or leaders? in today's business world, do management and leadership go hand in hand? is it feasible that these roles are separate within an organization? now, think about a past decision that you made that did not work out the way you intended. in your initial discussion post, address the following: identify the decision-making model that you used at the time the decision was made, and explain why this was model was used. looking back at the decision, describe which two decision-making challenges may have led to the faulty decision and describe how that contributed to the results of your decision. be specific and include two decision-making challenges addressed in chapter 10.
Managing and leading are two complementary skills that are intertwined. It is impossible to separate one from the other. Managers plan, organize, and coordinate, whereas leaders inspire and motivate.
What is the difference between leadership and management?Management is the control of a group or set of entities in order to achieve a goal. Leadership is defined as an individual's ability to influence, motivate, and enable others to contribute to the success of an organization. Power and control do not differentiate leaders from managers; rather, leverage and provocation do. Leadership is about inspiring others to understand and believe in the company's vision and to collaborate with you to achieve your objectives. While management is more concerned with administration and ensuring that day-to-day operations run smoothly. The leader uses his charisma and influence to elicit the help and support of his followers in order to achieve goals. In management, the manager marshals the organization's human resources to complete tasks.To learn more about leadership, refer to:
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When marketers evaluate the attractiveness of each potential segment and decide in which of these groups they will invest resources to try to turn them into customers, they are engaging in ________.
When marketers evaluate the attractiveness of each potential segment and decide in which of these groups, they are engaging in targeting.
A serviceable obtainable market also known as a target market, can be defined as a group of customers within a business's serviceable available market at which a business aims its marketing efforts and resources. A serviceable obtainable market is a subset of the total market for a service or product. Target market used to helps increase the effectivity of the campaign.
There are 5 different types of targeting, such as:
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the producer price index is an index that tracks the: price of all goods and services produced domestically. average price that consumers pay over time for a representative basket of goods and services. highest prices consumers pay over time for imported goods and services. price that businesses pay over time for the inputs used in the production process
The producer price index is an index that tracks the price of all goods and services produced domestically.
What is the producer price index?The producer price index is an index that measures the changes in the price of goods and service that are produced in a given period in an economy.
The producer price index measures changes in price using the wholesale prices. In the US, the The producer price index is published monthly. The producer price index in the United States as at September 2022 is 8.5%.
The producer price index measures inflation. Inflation is when there is a persistent rise in the general price levels in an economy. The The producer price index is not the same as the consumer price index. The consumer price index measures the average price that consumers pay over time for a representative basket of goods and services.
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If Martha set a goal for employees to sell $60,000 of merchandise during the month of December and give them a directive to re-organize the back room under the same deadline then employees my question which of the five essential go accomplishment factors
1. time bound
2.specificity
3.relevancy
4. measurability
5. all of the above
The employees might question this element of the five essential goal-accomplishment factors: 3. relevancy.
What is a SMART goal?A SMART goal can be defined as a well-established tool that can be used by an individual, a project manager or business organization to plan (create), track, and achieve (accomplish) both short-term and long-term goals.
Generally speaking, SMART is a mnemonic acronym and it comprises the following elements:
SpecificityMeasurableAchievable or Attainable.Relevancy (realistic).Time bound (timely)In conclusion, we can reasonably infer and logically deduce that these employees would question the relevancy of this goal-accomplishment because it does not conform with a SMART goal.
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Complete Question:
Martha set a goal for employees to sell $60,000 of merchandise during the month of December and gave them a directive to reorganize the break-room under the same deadline, then employees might question which of the five essential goal-accomplishment factors?
1. time bound
2.specificity
3.relevancy
4. measurability
5. all of the above
Paulette, quentin, and rosie each donated money to a charity. Paulette gave as much money as quentin and rosie gave together. If quentin had given three times more than he gave, he would have given $40 more than paulette. And if rosie had given $20 less, she would have given half as much as paulette. How much did paulette give?.
Paulette gave an amount of $200
The given problem will be solved by the concept of a mathematical equation
Let the amount that Paulette gave = p
Let the amount that Quentin gave q
Let the amount that Rosie gave = r
Framing the three equations:
p= q+ r
3q= p+ 40
q = p +40/3
r– 20) = p/2
2r - 40 = p
Substitute q+ r for p into the second and third equations:
3q= q+ r+ 40 2r– 40 = q+ r
Simplify both equations:
2q= r+ 40 r– 40 = q
Now substitute r– 40 for q into the equation 2q = r+ 40 and solve for r:
2(r– 40) = r+ 40
2r– 80 = r+ 40
r– 80 = 40
r= 120
Substitute 120 for r in the equation 2r– 40 = p and solve for p:
2(120) – 40 = p
240 – 40 = p
200 = p
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the balance in the prepaid rent account before adjustment at the end of the year is $32,000, which represents four months' rent paid on december 1. the adjusting entry required on december 31 is
Debit Rent Expense is $8,000 whereas the credit Prepaid Rent is $8,000 of the above given accounting equation .
What is Deferred revenue ?
Money received for goods or services but not yet earned is referred to in accrual accounting as deferred income (also known as deferred revenue, unearned revenue, or unearned income). The revenue recognition principle states that it is recorded as a liability up to the time of delivery, at which point it is changed to revenue.
For instance, a business might get an annual software license payment on January 1 from a client who paid it in full. The business' fiscal year, nevertheless, concludes on May 31. Therefore, the business adopting accrual accounting only includes the fee in its revenues for the fiscal year it received the money, or five months' worth (5/12), of the fee. On the balance sheet for that year, the remaining amount is added to deferred income (liability).
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the principle purpose of project milestones is to: . a. keep the project on track b. assure management that the project team is busy c. accumulate information for the final report d. reward the team with a management presentation
The correct option is (A)
The principal purpose of project milestones is to keep the project on track.
What are project milestones?A milestone is a precise time within the life cycle of a project that is used to gauge its advancement toward its end objective. In project management, milestones serve as signposts for a project's start and completion dates, external evaluations and input, financial audits, the submission of a key deliverable, etc.
Here are a few typical project milestone illustrations:
completing crucial project deliverables, including the initial iteration of your software. When a crucial project phase, such as the "planning phase" or "designs phase," begins or ends. a critical occurrence, such as project sponsor approval, that gives the project the go-ahead.
Project milestones are specific times in your calendar that indicate a significant accomplishment or the end of a crucial stage in the project. Project milestones are crucial for guaranteeing efficient administration and guiding the team.
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when kendra's manager asked the team to come up with new ideas for attracting people to their trade show booth, kendra suggested installing a video game in the booth. which part of the rational decision-making process does kendra's idea exemplify? multiple choice question.
The analytical decision-making process Kendra's idea exemplifies.
Analytical selection-makers cautiously analyze data to come up with an answer. They're cautious and adaptable thinkers. they may invest time to glean records to shape an end.
Those decision-makers are assignment-oriented but have a high tolerance for ambiguity.
The four classes of decision making
1] Making habitual choices and judgments. whilst you go shopping in a grocery store or a department save, you normally select from the goods before you.
2] Influencing results.
three] setting aggressive bets.
4] Making strategic selections.
The constraint of choice-making research.
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-A(n)---- another is described as moving money from one bank account to
Answers:
Deposit
ATM transaction
Transfer
Withdrawal
A(n)---- another is described as moving money from one bank account to ATM transaction.
What is the process of transferring money from one account to another known as?Money is sent from one account at Bank A to another at Bank B by a bank-to-bank transfer, sometimes referred to as an external transfer. External transfers that are electronic or use the internet can speed up the transfer of funds to a recipient by removing the need to transmit money physically between banks.
What is the name of a bank to bank transfer?Electronic funds transfers between banks are known as ACH transfers, or automated clearing house transfers. Find out the costs and how they operate at various institutions.
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suppose that garbage collectors and landscaping workers have no unions. now suppose that garbage collectors form unions. what does this do to the labor supply and wages of landscaping workers?
The labor supply of landscaping workers when forming unions will increase while wages may decrease.
What is the role of unions?These workers' organizations aim to strengthen the work area and relations with employers based on union, compliance with legislation and workers' rights.
Therefore, the formation of unions helps in the development of greater job opportunities through the recognition of the right, but it can mean a salary reduction due to the insertion of more professionals in the area.
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universal travel incorporated borrowed $500,000 on november 1, 2024, and signed a 12-month note bearing interest at 6%. interest is payable in full at maturity on october 31, 2025. in connection with this note, universal travel incorporated should report interest payable at december 31, 2024, in the amount of
In connection with this note, Universal Travel Incorporated should report interest payable of $25,000 on December 31, 2024.
Interest payable is the interest expense that has been incurred (has already occurred) but has now not been paid as of the date of the stability sheet. Interest payable does not include the interest for periods after the date of the balance sheet.
Interest and should be recorded for 10 months in 2022 till October 31st:
= $500,000 × 6% × 10÷12
= $25,000
let's anticipate that on December 1 a corporation borrowed $100,000 at an annual price of 12%. The company is of the same opinion to pay off the most important quantity of $100,000 plus nine months of hobby whilst the word comes due on August 31.
On December 31, the amount of interest payable is $1,000 ($100,000 × 12% × 1÷12) and the organization's stability sheet ought to record the following modern liabilities:
Notes payable of $100,000
interest payable of $1,000
not anything is stated for the $8,000
Complete Question:
11) Universal Travel, Inc. borrowed $500,000 on November 1, 2021, and signed a twelve-month note bearing interest at 6%. Principal and interest are payable in full at maturity on October 31, 2022. In connection with this note, Universal Travel, Inc. should record interest expense in 2022 in the amount of:
A) $8,000.
B) $30,000.
C) $5,000.
D) $25,000.
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consider the following transactions associated with accounts receivable and the allowance for uncollectible accounts. required: for each transaction, indicate whether it would increase, decrease, or have no effect by leaving the cell blank, on the account totals. (hint: make sure the accounting equation, assets
Providing services on account will increase the assets, stockholder equity, and revenues. When you borrow money from a bank, your cash account and loan payable account will both be debited.
As a result, while the loan payable account will raise total liabilities, the cash account will increase total assets. Estimated uncollected accounts will decrease the amount of the assets and it will also decrease the stockholder's equity as it will increase the expenses.
Meanwhile while balancing the accounting equation, purchasing Goods on Credit will result in an increase in stock on the asset side and an increase in creditors on the liability side.
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The landmark legislation that helps guard against inflated profits and hidden liabilities on balance sheets to protect against financial scandals is the?.
The landmark legislation that helps guard against inflated profits and hidden liabilities on balance sheets to protect against financial scandals is the Sarbanes-Oxley Act of 2002.
The Sarbanes-Oxley Act of 2002 was a piece of legislation that was passed with the intention of safeguarding investors from corporate financial reporting fraud. It established fines and made changes to the current securities laws. Following a slew of financial scandals at the beginning of 2000, this law was passed.
The Sarbanes-Oxley Act of 2002 was passed in response to financial crises in order to shield shareholders and the broader public from fraud and accounting mistakes.
The 2002 Sarbanes-Oxley Act imposes strict penalties for corporate fraud. To regulate the accounting sector, it established the Public Company Accounting Oversight Board. 1 Whistleblowers had employment protection, and executive loans from companies were prohibited.
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The complete question is ''The landmark legislation that helps guard against inflated profits and hidden liabilities on balance sheets to protect against financial scandals is the:
A. Foreign Investment and National Security Act of 2007.
B. Fraud Enforcement and Recovery Act of 2009.
C. Private Securities Litigation Reform Act of 1995.
D. Sarbanes-Oxley Act of 2002.
I am actively managed and usually come with higher fees. Which investment am I?
The type of investment that is actively managed and usually come with higher fees is known as a Mutual funds.
What is the Mutual funds investment?A Mutual funds is considered a money market investment. These actively managed funds tend to have higher fees because there is a team of advisors behind the computer looking to beat the market.
For most part of the investment, the investor will pay higher fees for funds that are actively managed or seek to outperform the overall market but a lower fees for passively managed funds that track an index.
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If you were graduating college and wanted to be able to find a job in georgia in the fastest growing industry with the best pay, which industry should you choose?.
The best choice if you are looking for a job in Georgia which is the fastest growing industry with the best pay is Technology industries . Technology industries have several types, the most common types is IT.
The technology sector can be described as a comprised of businesses that sell goods and services in electronics, software, computers, artificial intelligence, and other industries related to information technology (IT). The technology sector offers a wide range of services and products for both customers and other businesses. Consumer goods like personal computers, home appliances, mobile devices, wearable technology, televisions, and so on are continually being improved and sold to consumers with new features.
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