Read the scenario:You are writing a research report on financial derivatives.
What should you do when performing secondary-source research? A. Search electronic databases for relevant material.
B. Conduct interviews with subject experts.
C. Go to the library, and look for books on the subject.
D. Hold focus groups.

Answers

Answer 1

Answer:

A. Search electronic databases for relevant material.

C. Go to the library, and look for books on the subject.

Explanation:

In a research study, a secondary source is a term that describes a form of source which is not the original source to the interpreted data. In other words, it involves already prepared data which can easily be found in places like academic books and journals

Hence, in this case, when performing secondary-source research, the following should be done amongst others:

1. Search electronic databases for relevant material.

2. Go to the library, and look for books on the subject.

This is because the aforementioned involves a place to get a secondary source and it will save time and effort.

On the other hand, Holding focus groups and conducting interviews involves primary source research


Related Questions

How is it useful to identify emerging patterns in looking for a trends?

Answers

Answer:

It is very useful to identify emerging patterns when looking for trends.  Emerging patterns help to discover inherent differences in a dataset.  They are powerful for constructing accurate and complete classifications of the dataset.

Explanation:

Emerging patterns present themselves as items with frequency changes that are significantly different from one dataset to another.  Trends show the general directions of some variables.  One discovers emerging patterns by looking at two datasets for two time periods.  The trend will show if the pattern has increased or decreased in size, totally disappeared, or new patterns have currently emerged when compared to previous patterns.

There are different kinds of trends. Emerging patterns are useful as they;

They act as a means of knowing or finding out the distinctions present amidst a collection of data group.They are  powerful tool for constructing right classifiers.

What are Emerging Patterns?

Theses are known as the patterns of the groups of items whose frequency changes very well from one dataset to another.

They are known to be very vital in getting the multi-dimensional differences between datasets/ or classes.

Learn more about  Emerging patterns from

https://brainly.com/question/25860017

Which of the following statements is true about the audit opinion formulation process presented in this chapter?
a. The audit opinion formulation process is significantly different for the financial statement only audit and the integrated audit.
b. The audit opinion formulation process is based on the premise that management has responsibility to prepare the financial statements and maintain internal control over financial reporting.
c. The audit opinion formulation process is comprised of seven phases.
d. All of the above are true statements regarding the audit opinion formulation process.

Answers

Answer:

b. The audit opinion formulation process is based on the premise that management has responsibility to prepare the financial statements and maintain internal control over financial reporting.

Explanation:

The  audit opinion formulation generally, is based on the premise that management has responsibility to prepare the financial statements and maintain internal control over financial reporting.

This entails that if there has not been sufficient internal controls to to enable fair presentation of Financial Statements, the entity gets a qualified audit opinion (negative report) otherwise if in place, the company gets a unqualified  audit opinion (positive report).

Marci is trying to determine the predetermined overhead rate for her company. She knows that the estimated annual overhead costs for the company are $255,000. The Work in Process inventory has amounted to $35,000 for March and April, and the overall estimated direct labor cost is $300,000. If overhead is applied based on direct labor cost, what is the predetermined overhead rate?

Answers

Answer:

Predetermined manufacturing overhead rate= $0.85 per direct labor dollar

Explanation:

Giving the following information:

She knows that the estimated annual overhead costs for the company are $255,000.

The estimated direct labor cost is $300,000.

To calculate the predetermined overhead rate, we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 255,000/300,000

Predetermined manufacturing overhead rate= $0.85 per direct labor dollar

A study examining the performance of numerous assets from the United States and around the world confirms that a. U.S. equities are highly correlated with world government bonds and with the commodities index. b. most assets (including common stocks) have positive correlations with inflation. c. riskier assets with lower standard deviations experienced higher returns. d. beta did a better job of explaining the returns than standard deviation. e. riskier assets with higher standard deviations experienced lower returns.

Answers

Answer:

d. beta did a better job of explaining the returns than standard deviation

Explanation:

Beta measures the systemic risk associated with the particular investment, it do not compute the total risk associated, which is more  logical.

Standard deviation computes the total risk associated.

Some risk is natural, like the risk of floods, natural calamities, earthquake, etc:

That risk shall not counted as for comparison as that is associated universally. Further, the risk associated with particular factors like bankruptcy of a company, or some legal case issue of a company are precisely described by beta coefficient.

Thus, beta provides better details about explaining the returns.

Financing that individuals or institutions have provided to a corporation is: Multiple Choice always classified as a liability. classified as a liability when provided by creditors and as stockholders' equity when provided by owners. always classified as equity. classified as a stockholders' equity when provided by creditors and a liability when provided by owners.

Answers

Answer:

classified as a liability when provided by creditors and as stockholders' equity when provided by owners

Explanation:

Corporate finance can be explained as how the revenue, asset as well as is been taken care of in business. The financing could be by individual or institution.

It should be noted that Financing that individuals or institutions have provided to a corporation is classified as a liability when provided by creditors and as stockholders' equity when provided by owners

Mize Company provided $45,500 of services on account, and collected $38,000 from customers during the year. The company also incurred $37,000 of expenses on account, and paid $32,400 against its payables. How do these events impact the elements of the horizontal financial statements model

Answers

Answer:

Total asset will increase

Explanation:

Equity and Liability        Amount            Effect

Service Revenue             $45,500

Expenses                         $37,000

Profit                                 $8,500            Increase in equity

Account Payable              $4,000            Increase in liability

($37,000 - $32,400)

Total                                  $13,100            Increase in Total assets

Asset

Cash                                   $5,600      

($38,000 - $32,400)

Account Receivables        $7,500

($45,500 - $38,000)

Total                                    $13,100           Increase in Total assets

Which of the following is exchange traded?
A. forwards.
B. futures.
C. options.
D. both b and

Answers

Answer:

C. options.

Explanation:

Exchange traded funds are mutual funds traded on equity in which the exchanges are based on an index. This aim to reflect the performance of its base index to the investors.

The National Income and Product Accounts identity states:__________A) Expenditure  Production  Income.B) Production  Expenditure  Income.C) Production  Expenditure  Income.D) Expenditure  Production  Income.E) Production  Expenditure  Income.

Answers

Answer:

I. National Income Accounting:

National income accounts are an accounting framework is useful in measuring economic activity.

A. Three approaches—all produce the same measurement of the production of the economy.

1. product approach: how much output is produced

2. income approach: how much income is created by production

3. Expenditure approach: how much purchasers spend

B. Why all three approaches are the same: Assumes no unsold goods (at this point) then the market values of goods and services produced must equal the amount buyers spend to purchase them (product approach=expenditure approach). What the seller receives (income) must equal what is spent (expenditure).

II. Gross Domestic Product (GDP)

A. GDP vs. GNP

GNP= output produced by domestically owned factors or production. (By our people)

GDP= includes production produced by foreign owed factors of production within the countries border and excludes domestically owned production in foreign countries. (On our soil)

1. GDP = GNP – net factor payment from abroad (NFP)

2. How big is the difference?

B. Product approach: The market value of all final goods and services produced within a nation during a fixed period of time.

1. Market value: allows comparison between different goods. Has some problems – ignores some goods. underground economy, and government services.

2. Final goods and service: Treatment of inventories; Capital goods; Avoids double counting; Value added.

3. New production: Ignores goods produced in previous periods

C. Expenditure approach: Total spending on final goods and services produced within a nation during a specified period of time.

1. Income expenditure identity and four categories of spending: Consumption (C), Investment (I), government purchases of goods and services (G) and net exports (NX)

Y = C + I + C + NX

2. Consumption(C): Spending by domestic households on final goods and services

a. Consumer durable goods: Long lasting goods

b. Nondurable goods used up quickly

c. Services

3. Investment (I): Spending on new capital goods by business

a. Business fixed investment

b. Residential fixed investment

c. Inventory investment: Changes in the amount of unsold goods, goods in progress and new materials

4. Government purchases of goods and services (G):

a. State and local vs. Federal spending

b. Transfers and interest payments on debt are not counted. They are counted in total government expenditure which is not the same as government purchases of goods and services.

5. Net exports (NX): exports minus imports

a. Need to subtract imports since they are counted in C. I and G can add goods produced within the country purchased by foreign interests (exports).

D. Income approach adds up income received by producers, including profits and taxes paid to the government

1. Income generated by production

a. National income =

compensation of employees

+ proprietors income

+ rental income of persons

+ corporate profits

+ net interest

+ taxes on production

+ business transfers

+ surplus of gov enterprises

b. National income + statistical discrepancy = Net National Product (NNP)

Note: This changed a couple years ago. If you have an old addition, you may see the indirect business tax. It is no long used in this equation!

c. NNP + depreciation = GNP

d. GNP – NFP = GDP

2. Income of private sector and government

a. Private disposable income = income of private sector = private sector income earned at home (Y or GDP) and abroad (NFP) + payments from the government sector (transfers TR and interest on debt INT) – taxes paid to government (T) = Y + NFP + TR + INT – T

b. Government net income = T- TR – INT

III. Saving and Wealth

A. Wealth Difference between assets and liabilities

B. Measures of aggregate savings

1. Saving = current income – current spending; saving rate = saving/current income

2. Private saving (Spvt) Spvt = Y + NFP – T + TR + INT – C

3. Government Saving (Sgovt) Sgovt = T – TR- INT – G

a. Government saving = Government budget surplus (deficit = -Sgovt)

4. National Saving= private saving + government saving

S = Spvt + Sgovt = Y + NFP - C – G = GNP - C – G

C. The uses of private saving

1. S = I + (NX + NFP) = I + CA

CA = NX + NFP = current account balance

2. The use of savings identity

Spvt = I – Sgovt + CA

If the budget deficit increases one or a combination of the following happen

1) private saving must rise

2) investment must fall

3) the current account balance must fall

IV. Prices Indexes, Inflation and Interest Rates

A. Nominal vs. Real variables

Nominal Variables – Measures the economic variable in terms of the current market value.

Real Variable—Measure the variable valued at the prices in a base year.

B. Real vs. Nominal: Calculation the differences

Examples Small country only produces base balls and baseball bats

Explanation:

The most recent financial statements for Schenkel Co. are shown here: Income Statement Balance Sheet Sales $ 14,500 Current assets $ 12,000 Debt $ 16,500 Costs 8,400 Fixed assets 29,000 Equity 24,500 Taxable income $ 6,100 Total $ 41,000 Total $ 41,000 Taxes (40%) 2,440 Net income $ 3,660 Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible. What is the sustainable growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate %

Answers

Answer:

0.1046 or 10.46%

Explanation:

The computation of the sustainable growth rate is shown below:

The Sustainable growth rate of the firm is

= Return on Equity × ( 1 - Dividend Payout Ratio )

where,

Dividend Payout Ratio = 30%

And,

Return on equity is

= Net Income ÷ Shareholder 's equity

= $3660 ÷ $ 24,500

= 0.14938

So,  

Sustainable growth rate is

= 0.14938 × (1 - 30%)

= 0.1046 or 10.46%

Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $400,000. During 2021, Halifax sold merchandise on account for $13,400,000. Halifax's merchandise costs is 65% of merchandise selling price. Also during the year, customers returned $661,000 in sales for credit, with $365,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 5% of sales, are recorded as an adjusting entry at the end of the year. Required: 1. Prepare entries to (a) record actual returns in 2021 of merchandise that was sold prior to 2021; (b) record actual returns in 2021 of merchandise that was sold during 2021; and (c) adjust the refund liability to its appropriate balance at year end. 2. What is the amount of the year-end refund liability after the adjusting entry is recorded

Answers

Answer:

actual returns:

refund liabilities      365,000 debit

        cash                     365,000 credit

inventory                 237,250 debit

     inventory-returns  237,250 credit

--returns on the previous year--

refund liabilities       296,000 debit

    account receivables  296,000 credit

inventory                 237,250 debit

      inventory-returns  237,250 credit

--returns in the current year--

192,400

adjusting entry:

sales return              670,000 debit

       refund liability              670,000 credit

inventory-returns      237,250 debit

      cost of goods sold  237,250 credit

--returns in the current year--

Balance of allowance for sales refunds:   409,000

Explanation:

When returning their goods the customer's receivables are canceled.

We also need to calculate the cost of these goods that return to the company's inventory.

365,000 x 65% = 237,250

296,000 x 65% = 192,400

credit-sales: 13,400,000

estimated returns: 5% >> 670,000

estimated  inventory-returns 670,000 x 65% = 435,500

We work with our liabilities and return accounts rather than the cost of good sold and sales returns as these are adjusted at year-end based on credit sales.

Balance:

beginning 400,000

returns      (661,000)

year-end

adjust       670,000

ending       409,000

Which of the following is not true about production possibilities frontiers?a. moving from one point to another on a PPF incurs a tradeoffb. economic growth is shown by shifting the PPF outwardc. unemployment of resources is shown by shifting the PPF inwardd. a PPF can shift inward or outward

Answers

Answer:

c. unemployment of resources is shown by shifting the PPF inwards

Explanation:

The production possibilities frontiers (PPF) would be moved from one point to another that represents the trade off between the two goods. In case of the expansion in an economy the PPF would be shift outwards and when there is a loss than the same is to be shifted inward

And, the movement of the shift could be based on the economy condition

Therefore in the given case, the option C should be selected

Suppose the government sets an effective price floor (that is, a price above equilibrium) in the market for oranges and agrees to buy all oranges that go unsold at that price. The oranges purchased by the government are discarded. Illustrate the number of oranges purchased by the government. Illustrate the gains and losses to all relevant groups of Americans and the dead weight loss.

Answers

Answer:

If the market floor is over demand, there is a surplus supply at that point. As a result , the number for oranges bought by the state would be Q1Q2 across the table.

Benefit is to the growers growing oranges as they've been having a better price and the cost is to the customers and community at large as it increases in deadweight losses. The triangular region in the graph reflects a moral hazard, DWL.

The typical starting point of any firm's marketing mix is the:____________
A) analysis of what production equipment is available and owned by the company
B) design of the promotion campaign to be used for the product
C) selection of the places through which the good or service will be sold
D) determination of the product's price, enabling future revenues and budgets to be estimated
E) development of the good or service to be sold

Answers

Answer: E. development of the good or service to be sold

Explanation:

The typical starting point of any firm's marketing mix is the development of the good or service to be sold. The marketing mix is simply a mix of the marketing strategies that are vital to achieve marketing aims and increase sales.

It should be noted that marketing mix begins with the product and without this, distribution, pricing and the promotion are not relevant.

Exercise 2-12 Analyzing and journalizing transactions involving receipt of cash LO P1 Following are transactions for Valdez Services, a company owned by Brina Valdez. Brina Valdez invested $20,000 cash in the company in exchange for common stock. The company provided services to a client and immediately received $900 cash. The company received $10,000 cash from a client in payment for services to be provided next year. The company received $3,500 cash from a client in partial payment of accounts receivable. The company borrowed $5,000 cash from the bank by signing a note payable. 1. Prepare general journal entries for the above transactions of Valdez Services. 2. Listed below are four reasons why a transaction would not yield a revenue. Match each of the reasons to the transaction it properly describes.

Answers

Answer:

1. Date  General Journal and Explanation        Debit         Credit

              Cash                                                   $20,000

                   Common Stock                                               $20,000

              (To record investment in stock)

                Cash                                                   $900

                     Service Revenue                                           $900

               (To record revenue earned in Cash)  

                Cash                                                  $10,000  

                       Unearned Service Revenue                       $10,000

               (To record advance receipt)  

                Cash                                                    $3,500  

                        Accounts receivables                                 $3,500

               (To record cash received)  

                 Cash                                                   $5,000

                         Notes Payable                                            $5,000

                 (To record issuance of note)

2. Question missing.

Medicare and Social Security are paid through which type of federal tax?
A sales tax
B. excise tax
C. payroll tax
D. corporate income tax

Answers

Answer is payroll tax

Answer: C. payroll tax

Explanation: got it correct on ed2020

The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 49,800 Current assets $ 23,400 Long-term debt $ 52,500 Costs 37,900 Fixed assets 90,000 Equity 60,900 Taxable income $ 11,900 Total $ 113,400 Total $ 113,400 Taxes (34%) 4,046 Net income $ 7,854 Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debt–equity ratio. What is the maximum dollar increase in sales that can be sustained assuming no new equity is issued? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Maximum increase in sales $

Answers

Answer:

$4945.14

Explanation:

The computation of the maximum increase in sales is shown below:

But before that we need to do the following calculations

Return on Equity = Net Income ÷ Total Equity × 100

= $7,854 ÷ 60,900  × 100

= 12.9%

And, Dividiend Payaout Ratio = 30%

So, retention ratio = 100% - 30%

= 70%

Now

Sustainable Growth rate equation is

= [(Return on Equity × retention Ratio) ÷ ([1 - (Return on Equity × retention ratio)]

= [(0.129 × 0.7) ÷ [1 - (0.129 × 0.7)]

= [( 0.0903) ÷ [1 -(0.0903)]

= 0.993

= 9.93%

So, Maximum dollar increase in sales os

= $49,800 ×  9.93%

= $4945.14

Choose the example that is punctuated correctly. Each of the members on the panel was handed a copy of the 30-page proposal. Each of the members of the panel were handed a copy of the 30-page proposal. Each of the members of the panel was handed a copy of the thirty-page proposal. Choose the word that correctly completes the sentence.

Answers

Answer: Each of the members on the panel was handed a copy of the 30-page proposal.

Explanation:

The pronoun each is an infinite pronoun as it does not refer to a specific person but still includes all of them. As it is a singular pronoun, it would need to be matched by a singular verb being was instead of were which is a plural verb.

Also, with numbers, it is a general rule that when the number is between one and ten it would be best to write it as a word. When the number is above 11 however, it would be best to write it as numerals. The correctly punctuated example is therefore the first one.

What is one way a person can use technology to automate a process that may be more efficient doing than manually

Answers

Answer:

Business process automation is the use of technology to execute recurring tasks or processes in a business where manual effort can be replaced. It is done to minimize costs, increase efficiency, and streamline processes.

Explanation:

hope this helps

An elderly father owns a classic car that was purchased many years ago for $7,500. The father dies and bequeaths the car to his son. At the date that the car was bequeathed to the son, the car was valued at $20,000. A few years later, the son sells the car for $22,500. What is the tax consequence to the son

Answers

The available options are:

A. No capital gain or loss because the item sold was personal property

B. $2,500 long term capital gain

C. $12,500 long term capital gain

D. $22,500 long term capital gain

Answer:

$2,500 long term capital gain

Explanation:

Given that the classic car, that is an item under consideration is inherited, therefore, the cost basis to the recipient is the market value at the date of death.

Hence, the market value of the date of death is $20,000

The amount the classic car is sold is $22,500

To get the capital gain or loss, subtract the value at the date of death from the amount sold, which is $22,500 - $20,000 = $2,500

Hence, the correct answer is $2,500 long term capital gain

g An accelerated depreciation method: Group of answer choices Results in reporting higher earnings every year. Depreciation an asset over a shorter life than does the straight-line method. Recognizes more depreciation expense in the early years of an asset's useful life and less in the later years. Is required for assets that become technologically obsolete before they physically wear out.

Answers

Answer:

The correct answer is the third option: Recognizes more depreciation expense in the early years of an asset's useful life and less in the later years.

Explanation:

To begin with, the name of "Accelerated Depreciation" is refered to a method used in the accouting fields in order to determine how much of a permanent asset has been worn out by the time that has passed and to put that amount in the accounts of the company so that there is a record of the money that has been lost for those depreciations. Moreover, in difference with the traditional method, this one uses a process in where the depreciation will be higher in the early years of the asset while in the latest will be less depreciation.  

Strength and weakness of each open/flexible business organization forms

Answers

Answer:

The overview of the discussion is mentioned throughout the clarification segment elsewhere here.

Explanation:

There have been lesser supervisors because they can improve the efficiency and effectiveness of service, which tends to increase business income. It has a broader spectrum of influence, making it more difficult to track and handle employees. It has a vague direction to pursue, and workers have uncertain responsibilities that find it difficult to attract staff.Employees would have a much wider workplace satisfaction thanks to their educational and welcoming atmosphere.

You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $18,000, $26,500, $46,000, and $69,000 to you each year over the next four years, respectively. All payments will be made at the end of the year. If the appropriate interest rate is 4.3 percent, what is the value of the settlement offer today

Answers

Answer:

Total PV= $140,465.69

Explanation:

Giving the following information:

Cash flows:

Cf1= $18,000

Cf2= $26,500

Cf3= $46,000

Cf4= $69,000

The appropriate interest rate is 4.3 percent.

To calculate the present value, we need to apply the following formula on each cash flow:

PV= FV/(1+i)^n

Cf1= 18,000/1.043= 17,257.91

Cf2= 26,500/1.043^2= 24,360

Cf3= 46,000/1.043^3= 40,541.97

Cf4= 69,000/1.043^4= 58,305.81

Total PV= $140,465.69

Marina Corp. applied overhead to jobs during the period as follows: Jobs finished and sold $ 46,000 Jobs started and in process 54,000 Jobs finished and unsold 100,000 The application of overhead has resulted in a $5,600 credit balance in the Factory Overhead account. The entry to dispose of this remaining factory overhead balance is:

Answers

Answer: Debit factory overhead $5600; credit cost of goods sold $5600

Explanation:

The journal entry simply has to do with the keeping of records of transactions in a company and it shows both the debit balances and the credit balances of the company.

The factory overhead, also referred to as the manufacturing overhead is simply the total cost that is involved in production which can't be traced to a product directly like the indirect cost and the indirect labor.

The journal entry for the above transaction is:

Debit Factory overhead. 5600

Credit Cost of good sold 5600

Therefore, the entry to dispose of this remaining factory overhead balance is: Debit factory overhead $5600; credit cost of goods sold $5600.

By using only the aggregate demand curve, what can we determine

Answers

this question is in which lesson

Imagine you’re an angel investor looking to invest in young companies. What questions would you ask the management team at Project Repat before making a final decision about investing in it?

Answers

1. What is your plan for the future of the company?
2. Where will the money and income go towards to?
3. Is the company’s team well balanced and work good together?

All of the following are functions of packaging except:____________.
A) consumer convenience.
B) product protection.
C) entertainment.
D) promotion.
E) added benefits.

Answers

Answer:

C. Entertainment

Explanation:

When goods are produced or manufactured, they are usually sealed or placed in containers/boxes, depending on the nature or how big those goods are. Ideally, packaging serves a means of protecting goods from damage. However, packaging also help to facilitate product storage and convenience.

Furthermore, packaging a product could also serve as a means of promoting it by branding the cover either through the producer's logo or any item that will be identified with the producer. There is also the aspect of packaging that facilitate recycling and also help to reduce damage to the environment.

The Correct Answer is: C. Entertainment When the goods are produced or manufactured, they are usually sealed or placed in containers/boxes, that are depending on the nature of how big those goods are. Ideally, the packaging serves as a means of protecting goods from damage. However, is that packaging also helps to facilitate product storage and also that convenience. Furthermore, the packaging of a product could have been also served as a means of promoting it by branding to the cover either through the producer's logo or any item that will be identified with the producer. Thus There is also the aspect of packaging that is facilitate recycling and also helps to reduce damage to the environment.

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Are the following events recorded in the accounting records? Explain your answer in each case. (a) The owner of the company dies. (b) Supplies are purchased on account. (c) An employee is fired. (d) The owner of the business withdraws cash from the business for personal use. g

Answers

Answer:

(a) The owner of the company dies.

This event is not recorded in the accounting records. If the company is a sole-proprietorship, the death of the owner simply causes the end of the firm. If the firm is a corporation, it can continue to operate even if the owner dies, ownership can be transferred.

(b) Supplies are purchased on account.

This event is recorded. Supplies are an asset, and are debited, and because they are purchased on account, the associated liability account is credited.

(c) An employee is fired.

This event is not recorded. Consequences of the firing may be recorded, for example, an indemnization that reduces cash.

(d) The owner of the business withdraws cash from the business for personal use.

This event is recorded. The cash account is debited (decreased), and the personal expenses, or non-operating expenses account is increased.

During October, a firm had the following transactions involving revenue and expenses. Paid $1,275 for rent for October Provided services for $2,900 in cash Paid $280 for the October telephone service Provided services for $2,050 on credit Paid salaries of $1,750 to employees Paid $380 for the monthly office cleaning service Calculate the net income or net loss for the period?

Answers

Answer:

Net income   $1,265

Explanation:

The computation of the net income or net loss is shown below:

Revenues

Cash revenues    $2,900

Credit revenue    $2,050

Total revenues (a) $4,950

Less:

Expenses :  

Rent           ($1,275)

Telephone      ($280)

Salaries           ($1,750)

Office cleaning service ($380)

Total expenses (b) ($3,685)

Net income   $1,265  (a - b)

Which of the following is NOT a role of the closure facilitator?a. Use several questionnaires as a starting point to conduct the post-project retrospectiveb. Get delivery acceptance from the customerc. Elicit a 360-degree view and input from all stakeholders to create a more complete picture of project issuesd. Lead the team in exploring new ways for solving problemse. Create an environment in which stakeholders feel safe to provide input

Answers

Question options:

A. Create an environment in which stakeholders feel safe to provide input.b)Get delivery acceptance from the customer.c)Elicit a 360-degree view and input from all stakeholders to create a more complete picture of project issues.d)Use several questionnaires as a starting point to conduct the post-project retrospective.e)Lead the team in exploring new ways for solving problems

Answer:

b)Get delivery acceptance from the customer

Explanation:

The closure facilitator can be the project manager and does not get delivery acceptance from customer in project management. The closure facilitator is the one in charge of ensuring project objectives are met by drafting the agendas and looking for ways to achieve meeting objectives in project facilitation. The project facilitator creates an environment that makes it possible for the group and everyone involved in the project to put heads together to solve problems in the project

Which element of informed consent is not required?

Answers

Answer:

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Explanation:

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