Answer: All transactions are recorded in the books of accounts on the basis of the dual-aspect concept.
Explanation: A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets in return for money. The term is also commonly used in corporate accounting. In business bookkeeping, this plain definition can get tricky.
Thus, every transaction affects at least two accounts in opposite directions. There can be no transactions in a business that affect only one account or have only one aspect because the double-entry system of accounting is followed while recording the transactions in the books of accounts. For example, if furniture is purchased for cash, the transaction will affect two accounts. i.e. Furniture A/c, as furniture is increased and Cash A/c as cash is decreased.
Each transaction has two effects on a balance sheet - one that increases an asset and one that decreases a liability. These two effects cancel each other out, so the balance sheet always remains in balance.
To learn more about Transcations -
https://brainly.com/question/14951736
qs 9-3 (algo) accounting for sales taxes lo c2 dextra computing sells merchandise for $4,000 cash on september 30 (cost of merchandise is $2,800). dextra collects 6% sales tax. record the entry for the $4,000 sale and its sales tax. also record the entry that shows dextra sending the sales tax on this sale to the government on october 15.
The total amount of sales taxes a company has gathered from clients on behalf of a governing tax authority is kept in an account called sales taxes payable, which is a liability.
Entry
Sep 30
Cash 4240
Sales 4000
Sales tax payable (4000*6%) 240
Sep 30
Cost of Goods Sold 2800
Inventory 2800
Oct 15
Sales tax payable 240
Cash 240
As the custodian of these monies, the company is responsible for timely remitting them to the government. If the company pays out a lot of sales taxes, the government probably expects them to be paid out once a month.
If the payment is very little, some governments let the payments to be transferred at significantly longer intervals, such as once every quarter or once a year.
To know more about Sales Tax visit:
https://brainly.com/question/19819705
#SPJ4
Activity goals are important because they reflect how efficiently the salesperson usesresources, such as time, to accomplish performance goals.A. TrueB. False
Activity goals are important because they reflect how efficiently the salesperson uses resources, such as time, to accomplish performance goals. This statement is true.
What is seven aspects of business?Seven components of exercise awareness offer aspects of daily life where physical exercise has a significant influence. The spheres typically, though not always, produce distinct physical activity goals in various social circumstances.
One such element is the sphere of self-sufficiency, which has the following definition.
We should execute ADLs and IADLs, the latter of which tend to be more physically demanding, in order to have a stable, independent existence. Then, by engaging in physical tasks that support or improve the home, we become self-sufficient. House upkeep activities refer to all such tasks.
To know more about business aspects, refer:
https://brainly.com/question/3325483
#SPJ4
E3-33B. (Learning Objectives 1, 3: Journalizing adjusting entries and analyzing their
effects on net income; comparing accrual and cash basis) An accountant made the following
adjustments at December 31, the end of the accounting period:
a. Prepaid insurance, beginning, €800. Payments for insurance during the period, €2,500.
Prepaid insurance, ending, €1,400.
b. Interest revenue accrued, €1,200.
c. Unearned service revenue, beginning, €1,500. Unearned service revenue, ending, €600.
d. Depreciation, €4,700.
e. Employees' salaries owed for three days of a five-day work week; weekly payroll,
€24,000.
f. Income before income tax, €21,000. Income tax rate is 25%.
Requirements
1. Journalize the adjusting entries.
2. Suppose the adjustments were not made. Compute the overall overstatement or understate-
ment of net income as a result of the omission of these adjustments.
The act of logging any transaction, whether or not it is an economic one, is known as a journal entry. Transactions are listed in an accounting journal that shows a company's debit and credit balances.
Give a brief account on adjusting journal entries.An adjusting journal entry is one that is made at the end of an accounting period in the general ledger of a business to record any unrealized income or expenses that occurred during the period. An adjusting journal entry is necessary to accurately account for a transaction that happens between two accounting periods.
To solve the question :
1. Adjusting journal entries are as follows :
Particulars Debit. Credit
a. Insurance expense A/c
($800 + $2,500 - $2,400) $600
To prepaid insurance A/c $600
(entry for expired portion of
prepaid insurance)
b. Interest receivable A/c $1,200
To interest revenue A/c $1,200
(adjusting entry for
accrued interest revenue)
c. Unearned service revenue A/c ($1,500 - $600) $900
To service revenue A/c $900
(entry for earned portion of
unearned service revenue)
d. Depreciation expense A/c $4,700
To accumulated depreciation A/c $4,700
(To record depreciation expenses)
e. Salaries Expense A/c
($24,000 / 5 days × 3 days) $14,400
To Salaries payable A/c $14,400
(To record accrued salaries expenses)
f. Income tax expense A/c
($21,000 × 25%) $5,250
To income tax payable A/c $5,250
(To record income tax expenses)
2. Calculating whether these omitted adjustments resulted in an overstatement or underestimate of net income
a. Adjusting Entry for Insurance Expense of $600 : Overstated
b. Adjusting Entry for accrued revenue of $1,200 : Understated
c. Adjusting entry for Service Revenue Earned of $900 : Understated
d. Adjusting Entry for Depreciation Expense of $4,700 : Overstated
e. Adjusting Entry for Salaries Expense for
three day of $14,400 : Overstated
f. Adjusting Entry for Income Tax Expense of $5,250 : Overstated
Impact on Net Income without Adjusting Entries of $22,850 : Overstated
To know more about, journal entries, visit :
https://brainly.com/question/15889958
#SPJ1
If Producer A and Producer B are the only producers in the market, then the market quantity supplied when the price is $6 is:
If Producer A and Producer B are the only producers in the market, then the market quantity supplied when the price is $6 is: 18 Units
At the market price of $6 , the quantity supplied by the producer A = 6 units
At the market price of $6 , the quantity supplied by the producer B = 12 units
Market Quantity supplied at the price $6 ;
= 6 units +12 units
=18 units
A marketplace is a place where customers and sellers can meet to facilitate the change or transaction of products and offerings. Markets can be physical like a retail outlet, or digital like an e-store. different examples consist of unlawful markets, auction markets, and economic markets.
A market is defined as the sum total of all of the shoppers and dealers inside the location or region underneath attention. The place can be the earth, or countries, areas, states, or towns. The cost, price and rate of gadgets traded are as in keeping with forces of deliver and call for in a market.
Learn more about Market here: https://brainly.com/question/25754149
#SPJ4
Justin buys and sells items on the internet in order to make a profit. He also has a lawn mowing and snow plowing business. He has not filed papers with the state to formalize any of the businesses. Justin operates as a:
A)Partnership
B)Limited Liability Company
C)Sole proprietorship
D)Corporation
After analyzing the scenario, Justin operates as a Sole proprietorship. Thus, option C is the correct option.
A sole proprietorship is a type of business structure where a single individual owns and operates a business. It is the simplest and most common form of business ownership. In a sole proprietorship, there is no legal distinction between the owner and the business entity.
The owner retains all profits and assumes all liabilities and responsibilities for the business. This structure offers simplicity in terms of setup and decision-making, but the owner also has unlimited personal liability for the business's debts and obligations.
Thus, option C is the correct option.
Learn more about Sole proprietorship here:
https://brainly.com/question/32997613
#SPJ12
just because positions are ____, they are not necessarily risk-free and can be very volatile. multiple select question. market-neutral hedged nondirectional arbitrages
Positions are not always risk-free and can be quite volatile even if they are market-neutral, nondirectional, and hedged. multiple-choice query market-neutral nondirectional arbitrages with hedges
A market-neutral hedge fund: what is it?A market-neutral fund is a type of hedge fund that makes money whether the market is going up or down, generally by using matched long and short positions or derivatives. As they aim to produce profitable returns in all market conditions, these funds may help to reduce market risk.
Most hedge funds are they market neutral?Because they are concentrated on absolute returns rather than relative returns, hedge funds frequently adopt a market-neutral approach.
To know more about Market-neutral visit:-
https://brainly.com/question/14488166
#SPJ4
Which of the following statements would be most impressive within a summary of qualifications section on a résumé?
Knowledgeable in a variety of income tax software packages
Processed an average of 24 tax forms daily with 100 percent accuracy
Enjoy working with others
Familiar with corporate and individual tax returns
Processed an average of 24 tax forms daily with 100 percent accuracy
Which of the
The credentials portion of a resume's summary should highlight accomplishments like processing 24 tax forms on average each day accurately.
A curriculum vitae, often known as a résumé or resume, is a document that a person creates and uses to highlight their educational history, professional experience, and accomplishments. Although there are several uses for resumes, job searching is the most common one.
The curriculum vitae (CV) is a thorough record of your academic performance, hence its length varies. However, a resume's length is often shorter and is governed by years of experience because it provides a brief overview of your skills and expertise for a certain position (generally 1-2 pages).
To learn more about resume, tap here:
brainly.com/question/862477
#SPJ4
Mulroney Corp. is considering two mutually exclusive projects. Both require an initial investment of $10,000 at t = 0. Project A has an expected life of 2 years with after-tax cash inflows of $6,000 and $7,900 at the end of Years 1 and 2, respectively. Project B has an expected life of 4 years with after-tax cash inflows of $4,300 at the end of each of the next 4 years. Each project has a WACC of 8%. Use the replacement chain approach to determine the NPV of the most profitable project.
$4,325
The NPV of project B has the most profitable value.
What is NPV?Data:
Project A
The initial investment is $10,000.
Y1 CF = $6,000
y2 CF = $7,900
Project B
$10,000 is the initial investment.
Y1-Y4 CF = $4,300
Solution:
Regarding Project A
We will extend the project to four years in order to compare it with Project B.
To begin discounting the cashflow,
NPV = -10000/(1 + 0.08)⁰ + 6000/(1 + 0.08)¹ - 2100/(1 + 0.08)² + 6000/(1 + 0.08)³ + 7900/(1 + 0.08)⁴
NPV = 4324.87
Regarding Project B
The following formula will be used to calculate the present value of the annuity:
PV = PMT (1 + (1/(1+r)ⁿ)/r
NPV = Initial investment - PV
4300(1 +(1/(1 + 0.08)⁴)/0.08
= 143807.85
NPV = -10000 + 14380.85
NPV = 4380.85
We can now easily calculate how much value the firm will gain or lose if Project L is chosen over Project S.
Value = NPV(B) - NPV(A)
= 4380.85 - 4324.87
= 55.98
To learn more about NPV refer to :
https://brainly.com/question/18848923
#SPJ4
A real estate brokerage should __________ that will help to minimize risk and potential liability exposures.
Every brokerage should adopt written policies and procedures that define the company's agency representation policies, competitive practices, fair housing guidelines, personnel policies, communications policies, documentation and record keeping policies, and a statement of the company's overall commitment to the ethical and legal practice of real estate. Once adopted, these policies should become part of each licensee's everyday practice and enforced on a consistent basis.
Adopt written guidelines and regulations maintain audio recordings of all discussions, employ a legal team, and get liability insurance.
By brokerage, what do you mean?A brokerage offers middleman services in a variety of contexts, including investing, borrowing money, and buying real estate. A counselor is a facilitator who really arranges a sale between a firm and its customers. A reseller could be either an people or a business.
What is a brokerage's process?On behalf of the clients, such brokerage business sells and purchases stock, bonds, options, and many other financial goods. To combine resources and provide the finest service, a lot of brokerages employ lone brokers. Additionally, a lot of businesses which provide financial products include brokerage houses within their range of offerings.
To know more about Brokerage visit:
https://brainly.com/question/27974913
#SPJ4
With examples describe how you would conduct situation analysis in determining customer needs and wants
An example of situational analysis. Customers provide key information about current customers, target markets, and opportunities that companies should pursue through their marketing plans.
The Competitors section shows your company's strengths and how you can improve based on your competitors' strengths and weaknesses.
Why Situational Analysis?A Situation Analysis helps to understand the baseline of the environment in which the plan will be implemented. Provides a common reference point for the planning process and prioritizes actions.
What is situational analysis and why is it important in market planning?The "Market Landscape" section of the plan includes research and analysis on the target market, competitors, business challenges and competitive differentiators of the company. Must contain the best and clearest description of the current state of the market
Why is it important to identify customer needs and wants?Proper identification of customer needs is critical to ensuring customer satisfaction and loyalty. If you don't properly understand your customer's needs, or if their needs don't care about you, they will look elsewhere.
Learn more about situational analysis:
brainly.com/question/17182726
#SPJ1
A borrower has two alternatives for a loan: (1) issue a $150,000, 45-day, 4% note or (2) issue a $150,000, 45-day note that the creditor discounts at 4%. Assume a 360-day year. a. Calculate the amount of the interest expense for each option. $ for each alternative. b. Determine the proceeds received by the borrower in each situation. (1) $150,000, 45-day, 4% interest-bearing note $ (2) $150,000, 45-day note discounted at 4% $ c. Alternative is more favorable to the borrower because the borrower
The proceeds received by the borrower in each situation, the Alternative 2 is more favouravle $149,250 proceeds.
A reduction crafted from the gross (see gross entry 1 feel 3b) amount or value of some thing: which include. a(1) : a reduction made from a regular or listing rate. providing clients a ten percentage bargain. purchase tickets at a reduction.
Reductions are discounts of the normal fee of a service or product that allows you to achieve or increase sales. these discounts—additionally commonly referred to as "income" or markdowns—are utilized in a huge variety of industries by using each outlets and manufacturers
Calculation:-
1) $150,000 * 4%*45/360 = $750 for each alternative
(1) $150,000 simple-interest note : $150,000 proceeds
(2) $150,000 discounted note : $150,000 - $750 = $149,250 proceeds
Learn more about discounts here:-https://brainly.com/question/14883253
#SPJ4
Eagle Sports Supply has the following financial statements. Assume that Eagle’s assets are proportional to its sales.
INCOME STATEMENT, 2019
Sales $ 950
Costs 250
Interest 50
Taxes 150
Net income $ 500
BALANCE SHEET, YEAR-END
2018 2019 2018 2019
Assets $ 2,700 $ 3,000 Debt $ 900 $ 1,000
Equity 1,800 2,000
Total $ 2,700 $ 3,000 Total $ 2,700 $ 3,000
a. What is the internal growth rate of Eagle Sports if the dividend payout ratio is fixed at 70% and the equity-to-asset ratio is fixed at 2/3?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
b. What is the sustainable growth rate?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
Eagle Sports Supply has the following financial statements. The sustainable growth rate is the highest rate of growth that a business or social enterprise may sustain without using more equity or debt to fund expansion is known as that of the sustainable growth rate (SGR). In other ways, it is also the rate with which the business may expand without borrowing money from other sources by using only its internal earnings.
What are the Financial Statements?Official records of a person's, a company's, or another entity's financial position and actions are called financial statements. The presentation of relevant financial data is done in a methodical manner and an easy-to-understand format.
The activities and financial success of a firm are detailed in financial statements. Government organizations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and then for tax, financing, or investment purposes.
A company's financial health may be seen at a single glance thanks to the financial statements that reveal information about its operations, performance, and cash flow. Financial statements are essential since they provide information on a company's earnings, costs, profitability, or debt.
Learn more about the Finanacial Statements here:
https://brainly.com/question/14951563
#SPJ1
The model that requires a manager to assess her own style and her situational control is
A. Fiedler's contingency model.
B. shared leadership model.
C. the LMX model of leadership.
D. House's path-goal theory.
E. charismatic leadership theory
The correct answer is C. The LMX model of leadership.
The LMX model of leadership, also known as the leader-member exchange model, was developed in the late 1970s by Bruce Tuckman and Mary Ann Jensen. This model of leadership focuses on the relationship between the leader and their team members.
It proposes that each team member has a unique relationship with their leader, which determines the amount of trust, respect, and influence they have in the team. The leader must assess their own style and situational control in order to ensure that each team member is given the appropriate support, resources, and guidance required to achieve their goals.
The leader also needs to be able to adjust their style to fit the specific needs of each team member in order to foster a productive and collaborative environment. In this way, the leader is able to build trust and loyalty from their team members and create a successful and productive team.
For more questions like LMX model click the link below:
brainly.com/question/15098773
#SPJ4
churchville county is trustee for a multi-government investment pool and has established an investment trust fund. included in the investment trust fund, for management purposes, are investments in the amount of $15 million from the county's general fund, $3 million from the county's special revenue funds, and $112 million from other governments. which of the following would be true?
The County would disclose the $15 million in its general fund, the $112 million in an investment trust fund, and the $3 million in special income funds.
What purposes serve special income funds?
Special Revenue Funds are used to keep track of certain sorts of revenues that are only allowed to be utilized for certain purposes under the law (except for expendable trusts or major capital projects). For a number of reasons, these revenues must be recorded separately from the General Fund.
What are dedicated general revenue funds?
Dedicated General Revenues (GR-D): An appropriation from General Revenue-Dedicated (GR-D) is a local fund revenue appropriation that has been set aside by legislation for a specific purpose or institution.
To know more about revenue fund visit:
https://brainly.com/question/13405114
#SPJ4
____ are complementary goods and services offered to casino patrons in order to attract their business.
Comps are complementary goods and services offered to casino patrons in order to attract their business.
In the field of business, the extra beneficiary services that are given by a casino to the visitors are referred to as comps.
In countries where the casino business is in trend, the competition for casino patrons is too high. Hence, the casino patrons give comps in order to attract customers and make them permanent visitors of the casino.
The Comps can be in any form such as offering a few drinks or a table to the visitors so that they gain interest in that particular casino.
To learn more about casino, click here:
https://brainly.com/question/29050228
#SPJ4
The series of bank failures in 1907 occurred despite the creation of the Federal Reserve many years earlier.
False
The series of bank failures in 1907 occurred despite the creation of the Federal Reserve many years earlier is a False statement
An increase in the reserve requirement ratio increases reserves and decreases the money supply. One plausible explanation for the large amount of U.S. currency outstanding is that many dollars are held abroad.
What is Federal Reserve?
The central banking system of the United States of America is the Federal Reserve System, usually referred to as the Federal Reserve or just the Fed. With the passage of the Federal Reserve Act on December 23, 1913, it was established in response to the need for centralized control of the monetary system to prevent financial crises following a string of financial panics, including the Panic of 1907.
To know more about Federal Reserve, check out:
https://brainly.com/question/3603615
#SPJ4
A firms core competencies, integrated with an understanding of the results of studying the conditions in the external environment should _____
A firm's core competencies, integrated with an understanding of the results of studying the conditions in the external environment should guarantee profits.
The definition of a 'firm' inside the subject of economics is any agency that seeks to make earnings through manufacturing or promoting products or services – or both – to consumers. as instance, one of the most commonplace makes use of this term is for 'regulation corporations,' which commonly promote offerings in relation to the regulation.
A company is a for-profit enterprise, commonly fashioned as a partnership that provides professional offerings, which include prison or accounting services. The concept of the company posits that firms exist to maximize income.
Learn more about firm here:
https://brainly.com/question/25717627
#SPJ4
assume that the market starts in equilibrium at point w in panel (b) which of the following is not correct?
The word "equilibrium" has its roots in the Latin word "libra," which means "weight" or "balance".
What is equilibrium and example?A state of mental or emotional balance that results from the interaction of two opposing forces or actions, such as when a force acting on a body has a resultant of zero or when a chemical reaction has equal forward and backward velocities.
Words like equilibrium come from the Latin word libra, which means weight or balance. These are some examples of equilibrium: a table upon which a book, open, is perched. a moving object that moves at a set speed. one in which the rates of the forward and backward reactions are equal.
Equilibrium happens at the point where the supply and demand curves meet.
The point makes clear the ideal cost and output. It can be determined by combining the formulae for quantity demanded and quantity supplied (a - bP = x + yP).
The complete question is:
Refer to Figure 14-14. Assume that the market starts in equilibrium at point W in panel (b) and that panel (a) illustrates the cost curves facing individual firms. Suppose that demand increases from D0 to D1. Which of the following statements is correct? Figure 14-14
Therefore, the correct answer is Points W and Z represent long-run equilibria.
To learn more about equilibrium refer to:
https://brainly.com/question/517289
#SPJ4
Prepare an amortization schedule that describes the pattern of interest revenue over the lease term for Bidwell Leasing. (Round your intermediate calculations to the nearest dollar amount.)
The lessee records a single amount of lease expenditure in its income statement, which is equal to interest expense plus amortization expense.
What Gives You an Amortization Example?
A business may spread out the expense of a patent throughout the course of its usefulness. Consider a scenario in which a corporation holds the sole rights to a patent for ten years with no option for renewal.
What does the term "debt amortization" mean?
The amount of principle and interest paid each month over the duration of your loan term is simply referred to as amortization. The majority of your payment goes toward interest at the start of a loan.
To know more about amortization visit:
https://brainly.com/question/24232991
#SPJ4
Consider an economy in equilibrium. Suppose the households of this economy now expect the economy to grow in the future. Complete the following feedback loop reflecting the multiplier effects of this shock on a modern economy Consumption Firm revenues Investment Labor demand Unemployment Household incomes Asset prices Mortgage defaults Firm bankruptcies
The feedback loop when completed is given as follows;
consumption - risesinvestment - risesfirm revenues - riseslabor demand - risesunemployment - fallshousehold incomes -riseasset prices - risemortgage defaults - fallfirm bankruptcies - fallfinancial intermediation - rises.What is a Feedback Loop?Feedback happens when a system's outputs are routed back as intakes as part of a cause-and-effect chain that creates a circuit or loop. The system is said to feed back onto itself.
Feedback loops are straightforward: you produce something, collect data about it, and then utilize that data to enhance output. It's a never-ending cycle of evaluating and improving. Every part of a business needs feedback loops to function properly.
Learn more about Feedback loops:
https://brainly.com/question/11312580
#SPJ1
It is possible for an increase in minimum wage to increase the number of workers hired in a competitive labor market, but not in a monopsony setting. True False
It is possible for an increase in minimum wage to increase the number of workers hired in a competitive labor market, but not in a monopsony setting. False, it is possible for a Monopsony to hired more workers but the workers are hired at the same minimum wage as before the rise in minimum wages. A monopsony, as compared to a perfectly competitive firm, pays a lower wage and hires more labor.
What is a Monopsony?A labor market in which there is only one firm demanding labor is called a monopsony.
A monopsonist is the sole demander of the labor in the market, the monopsonist's demand for labor is the market demand for labor.
Learn more about Monopsony here:
https://brainly.com/question/18559785
#SPJ1
Which of the following statements is true?a) when you buy an equity, your potential loss is unlimited and your maximum potential gain is 100%b) when you buy an equity, your potential loss is 100% and your maximum potential gain is unlimitedc) when you buy an equity, you are promised a stream of fixed dividends
When you buy an equity, your potential loss is 100% and your maximum potential gain is unlimited.
What is a equity?Equity in the context of finance refers to ownership of assets with potential obligations such as debts. For accounting reasons, equity is calculated by deducting liabilities from the value of the assets. Equity is the sum of money invested in or owned by a company's owner. The difference between a firm's obligations and assets on its balance sheet indicates how much equity the company has. The equity value is calculated using the share price or a value established by valuation specialists or investors. Any asset's equity is the ownership remaining after all liabilities related to it have been paid off. For instance, if you owe $10,000 on a car you own that is worth $25,000, you have $15,000 in
equity in the asset.
To learn more about equity click,
https://brainly.com/question/27821130
#SPJ4
Assume real income increased in the United States. Draw a correctly labeled graph of the foreign exchange market for the yen, and show the effect of the increased real income in the United States on the equilibrium exchange rate for the yen.
Note that when the actual income of US rises, so does the country's import demand. This means that at every level of the exchange rate, there will be more demand for Yen to conduct these import-related activities.
What is the rationale for the above response?It is to be noted that Like any other general market, the Foreign Exchange market (Forex) has a supply and demand side. There is the SS of the foreign currency on the supply (SS) side and the DD for the foreign currency under consideration on the demand (DD) side.
Hence, when the actual income of US rises, so does the country's import demand. This means that at every level of the exchange rate, there will be more demand for Yen to conduct these import-related activities. As a result, the Yd curve will change from Yd0 to Yd1. As a result, the equilibrium $/Yean exchange rate will rise from e0 to e1, indicating that the Yen has increased in value relative to the Dollars.
See attached graph for more details.
Learn more about Exchange Rates:
https://brainly.com/question/29562028
#SPJ1
the quantity theory of money assumes there is a relationship between the quantity of money and the price level.
The field of economics known as monetary economics focuses on various money theories. The quantity theory of money is one of this discipline of economics' main research areas (QTM).
The general level of prices for goods and services is inversely correlated with the amount of money available in an economy, according to the quantity theory of money. Despite the fact that Nicolaus Copernicus, a Polish mathematician, first proposed this hypothesis in 1517, Milton Friedman and Anna Schwartz, two economists, popularized it in 1963 following the release of their book, "A Monetary History of the United States, 1867-1960."
The quantity theory of money states that, if all other factors are equal, price levels will double if the total amount of money in an economy twice. The consumer will therefore spend twice as much for the same amount of products and services. The level of inflation will eventually rise as a result of these rising price levels since inflation measures how quickly the cost of goods and services is rising in an economy.
Learn more about quantity theory of money here
https://brainly.com/question/29571978
#SPJ4
Network Industries, Inc., wants to monitor its employees' electronic communications. To avoid liability under laws related to employee monitoring, Network should __announce the monitoring to the company
False, To avoid liability under laws related to employee monitoring, Network should announce the monitoring to the employees.
How does electronic employee monitoring work?Electronic monitoring is the process of gathering data from computer, phone, camera, microphone, and other electronic devices regarding the communications and actions of employees. It's a technique for keeping an eye on workplace activity that a manager can't see or hear.
What law applies to the observation of employees?The bar for employee surveillance while preserving privacy is set by federal statutes like the ECPA. Without a good justification, businesses are not permitted to interfere with electronic communications. Furthermore, several states have laws governing employee consent and data protection.
To know more about Electronic monitoring, visit:
brainly.com/question/6605512
#SPJ4
suppose the firm sells its output for $15 per unit, and it pays each of its workers $750 per week. when output increases from 210 units to 285 units, the
$10 is the marginal profit per unit of production. moreover, it pays each employee $750 each week.
What does having conviction mean?
When you describe someone as firm, you are referring to their behavior, which suggests that they are in command or that they won't modify their mind. She had to be strong with him and say, "I don't want to see you again."
What does corporate conduct entail?
Firm behavior refers to the goals, variety of models, and various presumptions utilized to pursue profit maximization. Industrial organization examines how businesses behave strategically while engaging in any kind of significant commercial activity.
To know more about firm visit:
https://brainly.com/question/29840644
#SPJ4
assertions are expressed or implied representations by management that are reflected in the financial statement components. the auditor performs audit procedures to gather evidence to test those assertions.
Accounting management assertions are implicit or specific claims made by way of economic announcement preparers. Those assertions attest that the preparers abided by using the essential regulations and accounting standards while preparing the financial statements.
Assertions about presentation and disclosure deal with whether or not unique additives of the economic statements are nicely categorized, defined, and disclosed." The account balance not only ought to be well measured but additionally properly defined and disclosed.
Assertions are characteristics that want to be examined to ensure that financial data and disclosures are correct and appropriate. If assertions are all met for applicable transactions or balances, monetary statements are accurately recorded.
Learn more about assertions here
https://brainly.com/question/23824007
#SPJ4
after weeks of uncertainty about the course the country would pursue to stabilize its troubled economy, officials reached a revised agreement with the international monetary fund, pledging the enforcement of substantially greater budget discipline as that which was originally promised and to keep inflation below ten percent.
The correct answer is C: to enforce substantially greater budget discipline than originally promised and to keep inflation below ten percent.
This answer accurately captures the agreement reached between the country and the International Monetary Fund. The agreement called for the country to enforce significantly greater budget discipline than what was originally promised and to keep inflation below the ten percent figure. Option A is grammatically incorrect, as the comparison of "as that which" is unnecessary and awkward.
Option B is incorrect because it suggests that the country will merely keep inflation below the ten percent figure, not actually reduce it below that level. Option D is also incorrect because it suggests that the country will keep inflation less than the ten percent figure, which is an awkward phrasing. Option E is incorrect because it suggests that the country will keep inflation less than ten percent, which is an ambiguous phrasing.
For more questions like International Monetary Fund click the link below:
https://brainly.com/question/29735632
#SPJ4
Complete question:
After weeks of uncertainty about the course the country would pursue to stabilize its troubled economy, officials reached a revised agreement with the International Monetary Fund, pledging the enforcement of substantially greater budget discipline as that which was originally promised and to keep inflation below ten percent.
(A) the enforcement of substantially greater budget discipline as that which was originally promised and to keep inflation below ten percent
(B) the enforcement of substantially greater budget discipline than originally promised and keeping inflation below the ten percent figure
(C) to enforce substantially greater budget discipline than originally promised and to keep inflation below ten percent
(D) to enforce substantially greater budget discipline than that which was originally promised and keeping inflation less than the ten percent figure
(E) to enforce substantially greater budget discipline as that which was originally promised and to keep inflation less than ten percent
Under the indirect method of preparing the operating section of the statement of cash flows, net cash provided by operating activities is $197,000. If the direct method of preparing the operating section of the statement of cash flows was used:
A) net cash provided by operating activities would be the same, $197,000.
B) net cash provided by operating activities would be more than $197,000.
C) net cash provided by operating activities would be less than $197,000.
D) net cash provided by financing and investing activities would equal $197,000.
If direct method of preparing the operating section of statement of cash flows was used, then : A) net cash provided by operating activities would be the same, $197,000.
What is meant by cash flow?The net balance of cash moving into and out of a business at a specific point in time is called cash flow. Cash is constantly moving in and out of a business, like for example, when any retailer purchases inventory, then money flows out of the business toward suppliers.
Cash flow from operations comprises of expenditures made as part of the ordinary course of operations. Examples of cash outflows are payroll, cost of goods sold, rent, and utilities. Cash outflows can vary when business operations are highly seasonal.
To know more about cash flow, refer
https://brainly.com/question/10922478
#SPJ4
West County Bank agrees to lend Drake Builders Company $400,000 on January 1. Drake Builders Company signs a $400,000, 6%, 6-month note. What entry will Drake Builders Company make to pay off the note and interest at maturity assuming that interest has been accrued to June 30? a. Notes Payable. 412,000 Cash 412,000 b. Notes Payable. 400,000 Interest Payable 12,000Cash 412,000 c. Interest Expense. 12,000 Notes Payable. 400,000 Cash 412,000 d. Interest Payable Notes Payable....6,000 Interest Expense 400,000 Cash 6,000 412,0001) a 2) b 3) c
Drake Builders Company will record a transaction at the note's maturity to pay down the principal and any accrued interest as of June 30 :
Debit Notes Payable 400,000Debit interest payable 12,000
Credit Cash 412,000$400,000x .06 x 6/12= $12,000
(Face val. x 6% x 6/12)
Therefore, On January 1, West County Bank accepts Drake Builders Company's request for a $400,000 loan. A 6%, 6-month note for $400 000 is signed by Drake Builders Company.
Learn more about transactions from the given link.
https://brainly.com/question/14569290
#SPJ4