The general journal entry to correct the error is: Debit Utilities expense $925; Credit Telephone expense $925.
Journal entrySince 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 value of a levered firm will be greater than the value of an identical unlevered firm because the levered firm's taxes will be
(d) Lower.
Tax shield benefit is increasing up the value of the firm. Unlevered firms doesn't have the advantage of tax benefits so their value remains lower.
What are levered firms?
Financial leverage in firms refers to the use of borrowed funds to finance activities in order to create income, typically in the form of corporate bonds or loans. Businesses "leverage" borrowed money by leveraging it to grow their revenue and boost their company's value. A firm becomes increasingly "leveraged" the more money it borrows. Ideally, the income from using borrowed money should be greater than the expense of borrowing it (i.e., interest payments).
How unlevered firms work?
Unlevered refers to removing consideration for debt or leverage. Un-levering eliminates the cost of financing and interest on outstanding debt from analysis because businesses must pay those costs. As a result, while calculating unlevered free cash flow (UFCF), you do not deduct the interest expense.
Complete Question:
The value of a levered firm will be greater than the value of an identical unlevered firm because the levered firm's taxes will be _____.
(a) deferred
(b) higher
(c) audited
(d) lower
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Regardless of the outcome in the long run, ______________________ always has the effect of stimulating the economy in the short run. expansionary monetary policy contractionary monetary policy reverse quantitative easing policy tight monetary policy
The answer is expansionary monitory policy.
Expansionary monetary policy works by rapidly increasing the money supply or decreasing short-term interest rates. Expansionary policy, often known as loose monetary policy, expands the availability of money and credit in order to stimulate economic development.
A central bank or other comparable regulatory entity is usually in charge of an expansionary monetary policy. An expansionary monetary policy, like a contractionary one, is largely executed through interest rates, reserve requirements, and open market activities.
Therefore, the correct option is expansionary monitory policy.
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Orin is a corporate officer for Pacific Trade Inc. In this capacity, Orin Group of answer choices makes and announces financial decisions. authorizes major corporate policy decisions. manages corporate day-to-day operations. makes executive personnel decisions.
Orin manages corporate day-to-day operations.
A corporation's day-to-day activities are managed by corporate executives. Hence Orin supervises the day-to-day activities of Pacific Trade, Inc in his position as a corporate officer. Directors are responsible for making and announcing financial choices, authorizing important company policy decisions, and appointing executive employees. As a result, further possibilities are beyond Orin's capabilities.
Corporate or business titles are given to company and organization executives to indicate their roles and responsibilities inside the organization. For-profit corporations, both publicly and privately held, use such designations.
Therefore, the correct option is manages corporate day-to-day operations.
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The _____ will identify the process for staff acquisition and team development. Group of answer choices Human Resources Plan Communications Plan Change Management Plan Scope Management Plan Quality Management Plan
Answer:
A scope management plan outlines the processes involved in executing your project and serves as a guideline to keep the project within specific limits. As a project manager, it's your responsibility to guide your team through the project life cycle.
Your clients, the Schwans, are financing their home purchase. They want to obtain a conventional loan directly from a bank and to put down at least 20% of the home price. They will most likely get their loan from ______. Unset starred question A primary lender A secondary lender A subprime lender A supra-prime lender
The fact that the Schwans want to obtain a conventional loan directly from a bank means that they will probably get a loan from a A. Primary lender.
Who are primary lenders?Primary lenders are those that directly give out mortgages to people. In other words, they are the source of the mortgage loans.
Examples include banks and credit unions. If the Schwans want a loan directly from a bank, it means that they are going for a primary lender.
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23. The Geotechnical Considerations Decision Matrix can help identify situations in which ________ conditions are not suitable for certain retrofitting options.
Answer- soil conditions
Suppose an employee of a large corporation feels that she is being treated unfairly by the firm but needs the income and does not want her supervisors to be angry with her. To draw negative attention to the firm without risking her own job, she writes a weekly blog harshly criticizing her employers and revealing unflattering information about the firm. This is an example of
She writes a weekly blog harshly criticizing her employers and revealing unflattering information about the firm. This is an example of interactional vandalism.
What is Vandalism ?
A person in a subordinate social position intentionally breaks the tacit rules of everyday interactions that are of value to the more powerful person.
Vandalism basically a form of violation that is conducted outside a generally accepted ruled/standards among specific social groups.
An action that could be considered as a vandalism in a certain social group may not be considered as such in another social group. (for example, it is considered legal to create a street painting in some part of Rio de Janeiro)
Therefore , we can conclude that She creates a weekly blog in which she aggressively criticizes her bosses and divulges unpleasant facts about the company in an effort to bring bad attention to the company without jeopardizing her own employment. Interactional vandalism is demonstrated here.
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The organization responsible for analyzing how the government spends taxpayer dollars is the __________.
The organization responsible for analyzing how the government spends taxpayer dollars is the GAO.
What is GAO?GAO, can be regarded as the "congressional watchdog,” which is an agency that focus on the spending of taxpayer dollars.
Therefore, it is an organization responsible for analyzing how the government spends taxpayer dollars is the GAO.
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Lux Company started the month with 20 lamps in its beginning inventory that cost $30 each. During the month, Lux purchased 80 additional lamps for $31 each. At the end of the month, Lux counted its inventory and found that 25 lamps remained unsold. If Lux uses periodic weighted average cost, its Cost of Goods Sold for the month is ______.
Lux Company started the month with 20 lamps in its beginning inventory that cost $30 each. During the month, Lux purchased 80 additional lamps for $31 each. At the end of the month, Lux counted its inventory and found that 25 lamps remained unsold. If Lux uses periodic weighted average cost, its Cost of Goods Sold for the month is $2,310.
To calculate the periodic weighted average cost, you need to calculate the total expenditure = 20 × $30 + 80 × $31 = $600 + $2480 = $3080
Now out of 100 lamps only 75 lamps are sold and 25 are unsold then
periodic weighted average cost = $3080 × 75 ÷ 100 = $2310
What is Periodic Weighted Average Cost?In a periodic inventory system, calculations using the average cost technique are performed at the conclusion of the accounting period.Average cost technique contains the weighted average cost based on the price of the initial inventory plus all purchases made during that period.The units sold and the inventory-held units are then charged with this average cost per unit.What is the Weighted Average Cost Formula?The weighted average cost per unit of inventory can be calculated using the average cost method (AVCO).It is used to determine the cost of ending inventory and the cost of goods sold over a certain time period.The following formula is used to compute weighted average cost per unit:Weighted Average Unit Cost = Total Cost of Inventory ÷ Total Units in Inventory
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While explaining the benefits of representation to a potential buyer, the buyer asks if you can help get a good rate on a mortgage. How should you respond
While explaining the benefits of representation to a potential buyer, the buyer asks if he can get a good rate on a mortgage. The response should be "sorry, that's outside the scope of my expertise".
What are mortgage?When you and a lender enter into a mortgage, the lender is granted the power to seize your property if you are unable to pay back the loan amount plus interest.
Mortgage loans are used to either purchase a home or borrow against an existing home's worth.
Some mortgage rights are-
The mortgagee holds rights to the real estate collateral used to secure the loan in a mortgage. The lender is protected against default thanks to this. It also mandates that specific measures be established for the seizure of collateral assets in the event of default.To know more about the collateral, here
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In an economy in which decisions are guided by prices and individual self-interest, there is:.
In an economy in which decisions are guided by prices and individual self-interest, there is the potential to achieve production efficiency.
What is production efficiency?This has to do with that maximum capacity that exists where production would not be able to take [place without lowering the production capacity of others.
This is the stage where self interest may come in and people make their decisions based on the price in the market.
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The term economists use to describe a situation in which the economy's overall price level is rising is a. growth. b. expansion. c. inflation. d. recession.
The term economists use to describe a situation in which the economy's overall price level is rising is inflation.
What is inflation?Inflation is the consistent and persistence rise in the prices of goods and services as a result of too much money in circulation.
It is a situation whereby money looses its value over time, hence products generally become more expensive.
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A bank has stock shares of $100,000, property assets of $90,000, and cash of $10,000. If households and businesses decide to deposit $50,000 in the bank as checkable deposits, the balance sheet will be ______.
The answer is stock shares = $100,000, property assets = $90,000, cash = $60,000, and loans & advences = $50,000
Given,
stock shares = $100,000,
property assets = $90,000,
and cash = $10,000.
households and businesses decide to deposit $50,000 in the bank as checkable deposits.
The balance sheet is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time.
It also details the balance of income and expenditure over the preceding period.
Therefore when households and businesses decide to deposit $50,000 in the bank as checkable deposits, it will be shown in balance sheet as:
Cash = Previous balance + checkable deposits
= 10,000 + 50,000
= $60,000
Loans & advances : checkable deposits = $50,000
Hence, the balance sheet will be stock shares = $100,000, property assets = $90,000, cash = $60,000, and loans & advences = $50,000.
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The efficiency gains resulting from a just-in-time inventory management system will allow a firm to reduce its level of inventories permanently by $444,000. What is the most the firm should be willing to pay for installing the system
The most the firm should be willing to pay for installing the system is $444,000.
What is just-in-time inventory management?just-in-time inventory management is an inventory management system and can be defined as the process in which companies have inventory at hand so as to have inventory to fall back to in case the company want to urgently make use of inventory.
Hence, the most the firm should be willing to pay for installing the system is $444,000 since the company want to reduce the level of inventories permanently by $444,000.
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True or false: The aggregate demand curve slopes downward because it reflects a direct relationship between the price level and the amount of real output demanded
The aggregate demand curve slopes downward because it reflects a direct relationship between the price level and the amount of real output demanded. This statement is false.
What is a demand curve?It should be noted that a demand curve simply means the graph that illustrates the quantity bought at a price.
In this case, the curve slopes downward because output reduces as price increases. This shows an inverse relationship.
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Madison promises Grace $10 if Grace collects her dry cleaning for her. This is an example of a(n) ________ contract. Group of answer choices void voidable unenforceable bilateral unilateral
It is an example of unilateral contract.
A unilateral contract expressly states that payment will be made solely via the performance of one party.
A unilateral contract is a business arrangement in which an offeror commits to pay when a certain act occurs. A award or a contest is another example of a unilateral contract. In a unilateral contract, the offeror has the right to rescind the offer before the offeree starts performing. Typically, the revocation must be expressed.
In general, unilateral contracts are utilized when an offeror has an open request for payment for a specific conduct.
Therefore, the answer is unilateral contract.
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Fun Time Corp. has decided to move production of its board games for children and adults from the United States to Mexico to realize cost savings. At the same time, the company has decided to make Spanish-language versions of the games and distribute them in Central and South America. Most likely Fun Time is pursuing a strategy of ________. Multiple Choice
Most likely Fun Time is pursuing a strategy of growth/concentration based on horizontal integration.
What is concentration in expansion strategy?The first level type of the grand expansion strategy, expansion by concentration, includes investing resources in a product line that meets the needs of the targeted market with the use of tried-and-true technology.What is concentration approach?A concentration strategy is when a company concentrates on a certain clientele, a particular product, or a particular geographical market. As the name suggests, the main goal is to enable the company to focus its efforts rather than diversify them.What is horizontal integration?A company that works at the same level in an industry as another one is acquired or merged as part of a strategy known as horizontal integration. Horizontal integrations assist businesses in increasing their size and revenue, entering new markets, diversifying their product lines, and lowering competition.
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A large computer store changed its logo. The computer store orally contracted with a printing company to create new business cards, stationery, laptop bags, and other items with the new logo, at a cost of $10,000. After the printing company had accepted the payment, but before beginning any preparation or work on the job, the computer store called the printing company and said that it was cancelling the contract.
If the printing company sues the computer store, is a court likely to enforce the oral contract despite the Statute of Frauds?
i. Yes, because the contract was for the sale of specially manufactured goods.
ii. Yes, because the printing company had accepted payment.
iii. No, because the printing company had not yet made a substantial beginning in manufacturing the goods.
iv. No, because the computer store had not yet received any goods.
Answer:
B or ii. would be correct
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The Sara Lee Company sells the Hanes brand of hosiery in the United States. The manufacturer of this hosiery brand in Great Britain sells it under the brand name of Pretty Polly. The Sara Lee Company is using _____ to broaden its global marketing base without investing in overseas plants and equipment.
The Sara Lee Company is using contract manufacturing to broaden its global marketing base without investing in overseas plants and equipment.
A manufacturer who enters into a contract with a business for supplies or goods is known as a contract manufacturer. A sort of outsourcing, it is. A contract packager, sometimes known as a copacker, is a manufacturer who performs packaging activities under contract.Contract drafting: There are various contract manufacturing agreement kinds from which to pick. Private label manufacturing, contracts for the production of specific components or parts, labor or service subcontracting, and end-to-end service agreements all fall under this category.When a small business contracts with another business to make its products, contract manufacturing happens. It helps small business owners to start selling their goods without having to raise the significant sum of money required to set up and maintain a factory.Thus this is the answer.
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When a borrower pledges collateral to obtain a loan, the lender is known as a secured creditor. true false
When a borrower pledges collateral to obtain a loan, the lender is known as a secured creditor. This statement is true.
Who is a secured creditor?
A secured creditor is a creditor whose money she borrowed out is secured by an asset. The asset can be taken over by the creditor if the borrower defaults on the loan.
A secured creditor is less exposed to risk when compared with an unsecured creditor.
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which verbal customer service skill avoids using terms and acronyms that won't mean much to people outside organization
The verbal customer service skill avoids using terms and acronyms that won't mean much to people outside organization is verbal communication skills.
What is verbal communication skill?Verbal communication refers to the ability of an individual who is a customer service representative to use the right and appropriate word to communicate to the customer. This done to please the customer.
Therefore, The verbal customer service skill avoids using terms and acronyms that won't mean much to people outside organization is verbal communication skills.
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An individual can duplicate a levered firm through a strategy called Blank______ where the investor uses his own funds plus borrowed funds to buy stocks. Multiple choice question. backyard bonding homemade leverage personal principal bootleg debt
An individual can duplicate a levered firm through a strategy called Homemade leverage where the investor uses his own funds plus borrowed funds to buy stocks.
What is Homemade leverage?An individual investor will utilize homemade leverage to manipulate a company's leverage. One who invests in a business without employing leverage can simulate the effects of leverage by creating their own, which includes taking out personal loans against the venture. However, the investor's ability to precisely build the leveraging situation will probably be hampered by the disparities in tax rates between the firm and the individual.Leverage raises an investment's risk level while boosting the possibility of profits. All other things being equal, companies that use leverage may be able to produce a more significant return for shareholders than a company that doesn't.To learn more about Homemade leverage refer to:
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Budget is a framework which guides the implementation, assessment, monitoring of all government programs to ensure sound financial management. Explain it.
The yearly budget law, which covers the revenue and expenditure forecasts for a particular year, is planned, approved, executed, and audited within the permanent legal framework provided by the constitution, the budget organic law, and financial rules.
What is the Importance of a Budget in business?It allows the business owner to focus on cash flow, cost-cutting, boosting earnings and boosting returns on investment. The cornerstone of every successful firm is budgeting. It assists with both planning and maintaining control over the company's finances.
An evaluation of a company's anticipated financial resources or the resources needed to finish a project constitutes a budget estimate. A budget estimate is a rough estimation of the amount of money that will likely be needed to finish a project or the amount of money that will be predicted to be available to a firm or organization.
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Mason, a stock broker, runs 2 miles every day after work because it reduces his level of stress. Mason's running habit is maintained by a ________ reinforcer.
Mason, a stockbroker, runs 2 miles every day after work because it reduces his level of stress. Mason's running habit is maintained by a negative reinforcer.
Negative reinforcement is one method that can be used to teach a particular behavior. Negative reinforcement removes unpleasant or unpleasant things in response to stimuli. Goal behavior is said to increase over time, hoping that the unpleasant ones will be removed.
Aggressive enhancement is a process that increases the likelihood of a particular reaction by adding a stimulus after the action has been performed. Negative reinforcement also increases the likelihood of certain reactions, but by eliminating unwanted consequences.
Negative enhancement is a classroom management strategy focused on removing (or denying) student stimuli to encourage positive behavior. In this example, steal the ball from the student
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Explain the integrated marketing communications (IMC) concept. What are the reasons for its general success
Integrated Marketing Communications (IMC) can be defined as the process used to integrate the elements of marketing communications. An integrated approach to marketing communications coordinates all channels, shares the same strategy, and guarantees comprehensive business goals and corporate value.
Integrated Marketing Communications (IMC) is a strategy that shifts marketing departments from different features to a connected approach. IMC captures a variety of marketing materials and channels, from digital to social media, PR to direct mail, and puts them together in one credible message.
Integrated marketing allows brands to have a unified voice across all consumer touchpoints. IMC builds customer loyalty, brand awareness, reach, and trust. RocketDock specializes in integrating marketing strategies to help brands communicate effectively across all platforms.
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Payment of a dividend: a. decreases cash; increases stockholders' equity. b. decreases cash; decreases retained earnings. c. increases expenses; decreases cash. d. increases retained earnings; increases expenses.
The answer is the 'B' Option. Payment of the dividend decreases cash and decreases retained earnings.
Like every business transaction, this business transaction also has a dual effect.
Since in the given case, payment of the dividend is made.
This clearly means that the cash will be reduced.
Also, Retained earnings are a corporation's prior profits, less any dividends the company has previously paid.
The term "retained" accurately conveys the fact that the corporation kept those earnings rather than paying them out as dividends to shareholders.
Therefore, when payment of the dividend is made retained earnings will also be reduced.
Hence, payment of the dividend Decreases the cash & Decreases Retained earnings.
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Between 2000 and 2020, the U.S. government budget deficit
A.
as a percentage of U.S. GDP has increased steadily each year.
B.
as a percentage of U.S. GDP has decreased steadily each year.
C.
has been more than 100% of U.S. GDP.
D.
none of the above.
Between 2000 and 2020, the U.S. government budget deficit: A.as a percentage of U.S. GDP has increased steadily each year.
What is budget deficit ?Budget deficit occur when expenditure or expenses is higher than revenue.
The United State of America government budget deficit from the year 2000 to the year 2020 as a percentage of gross domestic product tend to increase every year.
Therefore the correct option is A.
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When people come to your website based on their own actions, where you have not paid for the link is
When people come to your website based on their own actions, where you have not paid for the link is organic link, also called an unpaid search.
What is organic link?This refers to a link from one's website to another website. It is what connects two different website or blogs together.
It is to be noted that organic links go to websites that didn't pay other sites to display them
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Oliver visits India for a corporate meeting. While interacting with the board members, he addresses them by their first names, as he does with board members in the United States. However, the board members in India are offended by this gesture. Which difference in culture does this scenario reveal
This scenario reveal power distance.
Power distance
Power distance refers to the extent to which less powerful members of organizations and institutions (including the family) accept and expect unequal power distributions. This dimension is measured not only from the perspective of the leaders, who hold power, but from the followers.
One example of power distance in social research is comparing income inequality. In some places, the power distance of income inequality is low. This means that there is a small spread between the richest and the poorest of people in society.
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The strategy that founder Seth Goldman used to get Honest Tea on the shelves alongside larger, established brands was:
The strategy that founder Seth Goldman used to get Honest Tea on the shelves alongside larger, established brands was Identifying and attacking a niche.
What is a niche?Niche serves as specialized segment of the market which can be attributed to a particular kind of product as well as service.
In this case, founder Seth Goldman used to get Honest Tea on the shelves alongside larger, established brands for a niche.
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