The claim that accounts receivable and the subsidiary ledger accounts are involved in the correcting entry to rectify a sale on account reported to the erroneous customer in the sales journal is untrue.
A accounting corrective entry fixes a mistake that was noted in your books. For instance, you may submit an entry in the incorrect account or input the incorrect amount for a transaction. As soon as you see an error, you need to create a journal entry to remedy it.When mistakes are discovered, accountants must make rectifying entries. One of two approaches to make a correction entry is to either reverse the incorrect entry and then accurately record the transaction in a subsequent journal entry, or to make a single journal entry that, when combined with the incorrect initial entry, fixes the issue.An extra entry written in the journal to remedy a mistaken entry (If an inaccurate journal entry has been made for a transaction and it has been recorded on the ledger, the wrong journal entry should be repaired using another journal entry known as a correcting entry.)Thus the correct answer is False.
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true false the cost of capital is the rate of return that managers usually use to determine which investments create value.
It is completely appropriate to say that the cost of capital incurred by the managers is regarded as the rate of return used to determine the investments and the values created by the investments. Therefore, the statement given above holds true.
The cost of capital can be referred to or considered as the cost incurred by the managers within an organization in order to seek a better and highly effective return on the monetary engagement of their respective monies through the process of investments.
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bradley listed a house at an 8% commission rate, and it just sold for $723,500. his firm and the buyer's agent's firm split the commission equally between them. then bradley, who has a 50/50 commission split with his broker, took his check to the bank. how much did bradley earn from this transaction?
Bradley who has a 50/50 commission split with his broker earned $14,470 from this transaction.
A sales commission is a payment made to an employee after they successfully complete a task, typically selling a predetermined volume of goods or services. Sales commissions are a common incentive used by employers to boost employee productivity. A commission can be paid instead of or in addition to a salary. In a typical commission split, the broker and real estate agent each receive an equal amount of money, although they can also choose between 60/40 and 70/30 splits. In these circumstances, real estate agents receive more money than brokers.
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to achieve your goal of increasing purchase intent for your products, what type of video campaign should you use?
The type of video campaign that we can use to achieve our goal of increasing purchase intent for a certain product is online sales.
What is Online Sales?Online Sales is one method that can be used as a means of increasing demand for goods or services in a company. Online sales are a form of digital marketing because online sales use the internet or online channels to promote goods or services to consumers. Online sales are usually in the form of a video where the content of the video is an explanation of the advantages and uniqueness of a product that can increase purchase intent for products.
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FILL IN THE BLANK. the sales message varies little from customer to customer in a(n) _____.
The sales message varies little from customer to customer in a(n) canned sales presentation.
A detailed, structured presentation known as a canned presentation presents its contents in a methodical, well-thought-out manner. There is less room for changes in a personalized presentation than there is in a general one because all pertinent details about the product are already included. When a presentation needs to be repeated several times, this kind of presenting might be helpful. If possible, future improvements can be made with a focus on the intended audience. This rigidity is particularly helpful for presenters who are anxious and can forget important details that need to be explained to potential customers.While creating a premade presentation, there are a few important considerations. The first is what the presentation's goal is. The presentation's goal should be made very clear. The prioritizing based on time constraints is the second most crucial factor. Prioritization should be used to show the most important information. The next crucial step is to do research on the intended audience to comprehend their underlying expectations and beliefs and make the content relevant and useful for those who will be watching it. The use of too many high-tech tools in a scripted presentation is discouraged since they may not always be accessible and the same presentation may be required to target various audiences.
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4) sally received $60,000 of compensation from her employer, as well as $500 of interest from corporate bonds. what is the amount of sally's gross income from these items?
$60,500 will be the amount of sally's gross income from these items when sally received $60,000 of compensation from her employer.
Amount received as compensation = $60,000
Interest received = $500
gross income = Amount received + Interest received
= $60,000 + $500
= $60,500
Gross income, or gross pay as it appears on a paycheck, is a person's entire income earned before taxes or other deductions. This does not only apply to earnings from employment-related sources; it also applies to earnings from other sources, such as property or services, and is not limited to earnings in cash.
Businesses may refer to their gross revenue, gross margin, or gross profit. A company's gross income, which is displayed on the income statement, is equal to all sources of revenue minus cost of products sold.
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You work delivering food for a local farmer. You sell eggs from the farm at a price of 3 for $2. 00, 6 for $3. 50, 12 for $6. 00, and 24 for $13. 0. What is the approximate percentage difference of the best and worst egg deals according to their unit costs?.
Cheapest deal: 12 for $6 The worst deal is 3 for $2, a percentage difference of 29.06%. Explained step-by-step 2.00/3= 0.67\s 3.50/6= 0.58 6.00/12= 0.50 13.00/24= 0.54 cheapest deal: 12 for $6 The worst offer is a 3 for 2% difference (0.67-0.50)/((0.67-0.50)/2) x 100 = 29.06% difference.
The term "% difference" has what meaning?Divided by the average of the two values, the percent difference represents the difference between two values. It can be used to calculate a percentage-based comparison of two related numbers.
What percentage of 2 numbers are different from each other?Formula for the percent difference The absolute value of the difference between two numbers is multiplied by the average of the two numbers to determine the percentage difference between the two values. The answer will appear in % rather than decimal when you multiply the outcome by 100.
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f the expectation xyz will decrease its dividends by 17% annually, if the company paid dividend of $1.75 last year and required rate of return is 22%, what is the maximum price you would pay for this company stock ?
Dividend Current(D0) = $1.75
Growth rate (g) equals -17%
22% is the required rate of return.
Price per share = D0(1+g)/ (r-g)
Price per share = $1.75{1+(-17%)}/{22%-(-17%)}
Price per share = $1.75(1-17%)/(22%+17%)
Price per share = $1.4525/39%
Price per share = $3.72
The price at which one share of a corporation would be purchased is known as the share price or stock price. A share's price is not constant; rather, it changes over time in response to market factors. It is likely to rise if the business is thought to be performing well or decline if it isn't living up to expectations.
Initial public offerings (IPOs), in which the price of one share is fixed in accordance with the perceived supply of and demand for that company's stock, are how share prices are initially established. A bookrunner, a top manager hired particularly to assist the company in determining the right price for its IPO, typically sets the prices.
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if a widow inherits an estate from a will, which grants her the right of use and possession of a parcel of land for the rest of her life with the provision that the estate will go to her children in fee simple upon her death, she has received ?
A life estate gives the owners the freedom to use the property as long as they live. The life estate method is frequently used to expedite inheritance while avoiding probate.
What is a property?Both the real valuable items and the group of rights that confer ownership on people are referred to as "property." Depending on the nature of the property, the owner may have the right to consume, modify, share, redefine, rent, mortgage, pawn, sell, exchange, transfer, give away, or even abandon it. Regardless of the nature of the property, the owner has the right to use it in accordance with any granted property rights. In economics and political economy, the three main types of property are private, public, and collective. The parties may think that everyone will make a contribution to the will, or they may think that no one will.
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whose shares are issued and redeemed by the investment company at the request of investors? a. closed-end funds b. exchange-traded funds c. net asset value funds d. no-load fund e. open-end funds
An open-end fund is a type of mutual fund in which the investment company issues and redeems shares at the request of investors. Most open-end funds offer a wide range of services to their investors.
Therefore, correct answer is (e) open-end funds.
The Securities and Exchange Board of India (SEBI) defines an open-ended fund or scheme as one that is continuously available for repurchase and subscription. The main characteristic of open-ended funds is liquidity. Furthermore, these funds have no set maturity date. Investors can buy and sell units at the Net Asset Value (NAV), which is announced daily.
Open-end shares are not traded on exchanges and are priced at the end of each day at their portfolio's net asset value
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Option E - Open-end funds shares are issued and redeemed by the investment company at the request of investors.
An open-end fund is a type of investment vehicle that uses a pool of assets and permits ongoing inflows and outflows from the pool's investors.
As a result, open-ended funds could issue a theoretically infinite number of shares.
Open-end funds include many mutual funds and exchange-traded funds.
Open-end shares are priced at the overall portfolio net asset value (NAV) at the end of each day even though they do not trade on exchanges.
An open-end fund offers investors a simple, inexpensive option to pool funds and buy a diversified portfolio that reflects a certain investment aim. Investment goals can include, among other things, investing in large- or smaller businesses, for development or income, etc. Additionally, the funds might specialize investments on specific countries or industries.
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what is the value of a bond that matures in exactly 2 years, has par value of $100, an annual coupon of 4.4%, and is not callable? round your answer to three decimal places
A bond's par value is indicated on the bond's face. This identification displays the bond's value as well as the sum that the company agrees to pay when the bond expires.
In India, bonds typically have face values between 100 and 1000 rupees. The term "coupon rate" refers to the bond's interest rate.
What should X be ready to pay today to get the needed rate of 8% to buy a 5-year 1,000 par value bond whose nominal rate of interest is 7% if he will receive the bond's value at par at maturity? In Table 5.6, the bond's value is calculated. The bond is worth Rs. 279.51 plus 681.00.
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Where is the loss on disposal of a plant asset reported in the financial statements?
The income statement's Other Expenses and Lost subsection is where the loss from selling a plant asset is disclosed in the financial accounts.
What do costs and expenses mean?Although costs and expenditures are related ideas that are occasionally used interchangeably, there are certain distinctions that organizations should take into account. An expense is a recurring expense, such as the pay of an employee or the rent for a shop location, whereas a cost normally refers to the amount paid to purchase an item.
What does expenditure serve?An expenditure is stated as an inflow of funds or assets made to another person or business to cover the cost of a good or service. With Sum Up Invoices, you can make attractive invoices for nothing. An expenditure is a cost incurred by a business that is disbursed to suppliers or used to pay for goods from other sources.
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an item is ________ if it is likely to influence the decision of an investor or creditor.
An item is the Material if it is likely to influence the decision of the investor or the creditor.
An investor is someone who allocates capital with the expectation of a financial return. The types of investments made by investors can vary greatly, and may include stocks, bonds, mutual funds, real estate, commodities, and other financial instruments. Investors can be retail, meaning they invest their own money, or institutional, meaning they invest on behalf of organizations such as banks, insurance companies, pension funds, and other large entities. Investors typically have a long-term outlook for their investments, and are often looking for capital appreciation and/or income generated from their investments. Investors also seek to minimize their risks by diversifying their portfolios, investing in a variety of assets, and taking advantage of investment strategies such as hedging.
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you are named as the pm on a new data warehouse project and notice in the charter that there are four business units listed as sponsors. the data warehouse system has been discussed at your organization for some time, but it's everyone's first exposure to implementing one. which of the following could present the biggest challenge on the project? a: the work breakdown structure(wbs). b: conflicting goals of the sponsors. c: the implementation team. d: integrated change control
Answer:
A. Conflicting goals of the sponsors
Explanation:
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what is the difference between the strategic approach and the operational approach to building your rpa strategy?
The strategic approach creates a clear direction while the operational approach recognizes how RPA works and builds.
The strategic approach focuses on the high-level goals and objectives of the RPA implementation, such as identifying the business processes that are most suitable for automation, determining the best technologies and platforms to use, and defining the overall strategy for implementing RPA in the organization.
On the other hand, the operational approach focuses on the day-to-day tasks and activities involved in implementing the RPA strategy.
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austin has arrived at a prospect's office 30 minutes earlier than his appointment time. what should austin do?
Austin should take the time to review his notes on the prospect, familiarize himself with the prospect's business, and review any materials he brought along. He could also use the extra time to take a walk around the area and get to know the neighborhood.
It is generally considered rude to arrive significantly earlier than the agreed-upon time for an appointment, as it may put the other person in an awkward position. If Austin has arrived early and is unable to wait in the reception area or in his car, he should politely explain the situation to the receptionist and ask if there is somewhere else he can wait until the appointment time. Alternatively, he could call or send a message to the prospect to let them know that he has arrived early and ask if it is okay to come up early.
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T/F a common organization for a technical document is: 1) introduction, 2) body, 3) summary.
The given statement is true. A person who works on technical documents mainly focuses on three things which are popularly known as introduction, body and summary.
Technical document means any report which signifies planning of a product, its purpose, implementation and way of producing it. Memo, letter, advertisements, catalogs, proposals etc. all come under technical documents. First part of a technical document is introduction. It includes a brief explanation about the product or content on which technical document is based. Secondly, writer emphasis on the body. Body is most crucial part of a document. It consist the techniques of resolving affairs and way of creating a product. Last part of the technical document is summary. It means writing all the key points that a report contains.
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a fixed nominal interest rate of % with % inflation will yield the highest real rate of return for a lender. a)8; 1 b)11; 5 c)12; 7 d)19; 15
A fixed nominal interest rate of 8% with 1% inflation will yield the highest rate of return for a lender.
What is fixed interest rate?Fixed nominal interest rate can be defined as the interest rate which a lender is expected to receive.
Nominal interest rate is often calculated using this formula
Nominal interest rate = Real interest rate + Inflation rate
A fixed nominal interest rate of eight percent with one percent inflation will tend to yield the highest rate of return for a lender which implies that the lender will earn more profit as a result of the interest rate and inflation rate.
Therefore the correct option is A.
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a technology firm began producing a gaming device and integrated this new product into its product portfolio. the firm offered this product to a completely new market that it (this firm) has never served before. this example illustrates a:
This examples illustrates diversification strategy.
- A form of business expansion or growth is known as a diversification strategy. It entails the introduction of a brand-new product or product line, frequently in a new market. Businesses can raise profitability, increase sales revenue, increase market share, and find new prospects with its assistance.
- By diversifying, a business can successfully cross-sell its products. An automaker, for instance, may cross-sell new goods to an existing clientele or introduce engine oil or other vehicle parts to an existing market.
- Related Diversification: Volkswagen's purchase of Audi is one example of this.. Diversifying into business segments within the same sector. expansion into other fields, as as when Amazon purchased Whole Foods to join the grocery store business.
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germany injects $100 into the united states by purchasing new software. if the spending multiplier for the u.s. is 5, then the total increase in spending will be:
By acquiring new software, Germany transfers $100 to the US. If the United States has a spending multiplier of 5, the overall increase in spending will be $500.
Government impulsively spends $100 billion on goods and services, possibly because they are upbeat about the future. The income of those who generate those goods and services rises by that amount. They utilize that money to cover their expenses, the wages and salaries of their employees, the rent they owe their landlords, and the cost of the raw commodities they use. Each of these economic agents takes some of their newfound wealth and spends it. The multiplier can be used for any form of spending (such as C + I + G + X-M), and it works both for increases and decreases in expenditure.
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______________ include all of the costs of production that increase with the quantity produced.
Fixed costs
Variable costs
Average costs
Average variable costs
Variable costs include all of the increased costs of production with the increased quantity produced.
When sales or production increase, variable costs also increase; and when sales or production decrease, variable costs decrease as well.
What is an example of variable cost?A variable cost is an expense which changes in proportion to sales or production output. Examples of variable costs are raw materials, production supplies, piece-rate labor, delivery costs, commissions, packaging supplies, and credit card fees. For some accounting statements, the variable costs of production are defined as the Cost of Goods Sold.
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your friend is developing a marketing plan for her new business. what should she put in this plan? everfi
My friend should put all of the stated i.e., business mission statement, SWOT analysis, objectives, marketing strategy, marketing mix and implementation evaluation control in her marketing plan for new business.
Give a brief account on SWOT analysis.SWOT analysis, often regarded as SWOT matrix, is a strategic planning and strategic management tool that can be used to help a person or organization discover the Strengths, Weaknesses, Opportunities, and Threats (SWOT) that are relevant to project planning or company competition. It is also known as situational analysis or situational evaluation. TOWS and WOTS-UP are further acronyms that share the same elements. This method is intended for use in the early phases of decision-making processes and can be applied as a tool for assessing the strategic position of various types of companies (for-profit enterprises, local and national governments, NGOs, etc.).
The purpose of this analysis is to determine the internal and external elements that are helpful and harmful in attaining the goals of the project or enterprise. To make the tool usable and determine their competitive advantage, users of a SWOT analysis frequently ask and respond to questions to provide meaningful information for each category. Although SWOT has been hailed as a tried-and-true method for strategic analysis, it has also faced criticism for having some serious flaws, and alternatives have been created as a result.
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The complete question is mentioned below :
your friend is developing a marketing plan for her new business. what should she put in this plan?
53) the term legal capital is a descriptive term for a) par value. b) market value. 53) c) residual equity. d) stockholders' equity.
"Legal property" in this sense refers to stockholders' equity.
How is stockholders equity calculated?
Stockholder's equity can be computed by deducting a company's total liabilities from its total assets or by adding its share capital & retained earnings and removing its treasury shares.
Which four principal stockholder equity accounts are there?
Shares outstanding, extra paid capital, net assets, and treasury stock are the four factors that are taken into account when calculating stockholder's equity. If company's shareholders' capital is positive, it has sufficient assets to cover its obligations; if it is negative, it has more liabilities than assets.
What is a good capital stockholder equity ratio?
Anything below 50 is considered a leveraged business. The higher the value, the less leverage the company has. Conversely, a company with a capital adequacy ratio of . Companies over 50 are considered conservative companies because they are financed more through stockholder equity than through debt.
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by purchasing training software for $7,000, you can eliminate other training costs of $3,400 each year for the next 10 years. what is the irr of the software?
By purchasing training software for $7,000, can eliminate other training costs of $3,400 each year for the next 10 years. 46.73% is the irr of the software.
A corporation or organization uses the purchasing process to buy products or services in order to achieve its objectives. Although many businesses make an effort to establish standards for the purchasing process, procedures can differ significantly between firms. The expediting, supplier quality, transportation, and logistics are often also included in the larger procurement process, which includes purchasing. The organization's acquisition criteria and procedures are directed by purchasing managers/directors and procurement managers/directors. The majority of businesses base their purchasing systems on a three-way check. As a result, three organizational departments complete various phases of the purchase process. For the purpose of discouraging unethical behavior and enhancing the process' credibility, the three departments do not all report to the same senior manager. These divisions could be purchasing, receiving, and accounts payable; engineering; a plant manager; purchasing; and accounts payable. Accounts payable and the purchasing department are often two of the three departments involved, however combinations might vary greatly.
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according to the capital asset pricing model, a fairly priced security will plot _________.
According to the capital asset pricing model, a fairly priced security will plot along the security market line .
The capital asset pricing model is a financial model used to estimate an asset's expected rate of return (CAPM). The asset's correlation with or sensitivity to the market, as well as the expected returns on the market and a risk-free asset, are employed by CAPM to do this (beta). The capital asset pricing model (CAPM), which generates anticipated returns on capital investments, is an idealised description of how securities are valued in financial markets. Through risk assessment and estimation, the model provides a mechanism for determining expected return on equity. The CAPM formula is simple as follows:
The risk-free rate plus the beta (or risk) of the investment determines the anticipated return on an investment.
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what is the business-to-business (b2b) online purchase and sale of supplies and services?
Business-to-business (or B2B) refers to the direct sale of goods and services between two companies. B2B is a very different business strategy from B2C in that B2B companies sell directly to other companies, whereas B2C companies sell directly to consumers. The majority of B2B enterprises provide services and products online.
A manufacturer and wholesaler, or a wholesaler and a retailer, might conduct a business-to-business online buy or sale through an e-commerce website like, Ali-Ba-ba, etc. Business-to-business refers to transactions that take place between businesses rather than between a business and a specific consumer.
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question content areaparker company owns 83% of the outstanding stock of tadeo company. parker company is referred to as the a.minority interest b.subsidiary c.parent d.affiliate
Since Parker Company owns 83% of the outstanding stock of Tadeco Company; Parker Company is referred to as the parent. The correct answer is option C.
What is parent company?A parent company is a single company which has a controlling interest in another company or companies. Parent companies are established when they spin-off or carve out subsidiaries, or through an acquisition or merger.
A parent company, usually called a holding company, refers to a corporation which has subsidiaries, that are wholly or partially-owned separate businesses controlled by the parent.
For example, Facebo0k is a parent company. It has operations of its own and also has subsidiaries such as Whats4pp and In5tagram. Amazon, another parent company, owns subsidiaries such as Zappos and Whole Foods.
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a chart of accounts is a.usually a listing of accounts in alphabetical order b.the same as a balance sheet c.usually a listing of accounts in financial statement order d.used in place of a ledger
Usually a listing of accounts in financial statement order. Chart of accounts are the summary of accounts that the company would use in recording business transactions.
What do you mean by Financial statement ?
A financial statement is a document that details the operations and performance of a company's finances. Lenders and investors use it to evaluate a company's financial stability and earnings potential.
Financial statements come in three different varieties: balance sheet, income statement, and cash flow statement. The financial condition and performance of a company can be analyzed and compared thanks to these written records.
The 5 different financial statement kinds you should be aware of
Income declaration. Possibly the most significant.Financial statement.Balance report.Financial Statements Notes.Statement of equity change.To know more about Financial statement please click here ; https://brainly.com/question/26240841
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assume that bava company purchases 34,500 common shares of jones company for $12 cash per share. during the year, bava receives a cash dividend of $1.30 per common share from jones, and the year-end market price of jones common stock is $13 per share. how much income does bava report relating to this investment for the year?
Bava would report income of $44,550 for the year relating to this investment ($1.30 x 34,500 shares = $44,550). This income is the result of the cash dividend of $1.30 per share that Bava has received during the year.
This income is to be reported in the Bava's income statement as other income. The cash dividend received has reduce the cost of investment, as it is effectively a partial return of the money originally paid for the shares. The market price of the stock at the end of the year has nil effect on the income which is reported for the period.
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how did james watt's invention of the steam engine influence england's textile industry? responses it replaced the need for human labor in factories. it replaced the need for human labor in factories. it allowed textile factories to produce more cloth than ever. it allowed textile factories to produce more cloth than ever. it resulted in wage increases for factory workers. it resulted in wage increases for factory workers. it allowed factories to produce different types of fabrics.
More coal mining was made possible by steam engines, which enhanced iron output. Inventions like the power loom, which transformed the textile industry, were made possible by steam engines as well.
Which aspects of the textile industry were touched by the steam engine?Steam engines were also used to power textile mills and other enterprises, enabling them to be built further from sources of labor and raw materials than they otherwise would have been—rather than near streams and rivers, as would have been the case.
What ways did James Watt develop the textile industry?In terms of cost and efficiency, it exceeded earlier models. The use of rotating machines in enterprises like cotton mills was also made possible by Watt's steam engine, greatly extending the steam engine's range of potential applications.
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a regulator is charged with determining the length of a patent on new intellectual property, a song. if the regulator approves the patent for a relatively long duration, what is likely to happen?
When resources are allocated efficiently, the mix of commodities and services that society wants the most may be produced.
Creating word processors for computers rather than manual typewriters is one example. 2. The perfectly competitive business that maximizes profits will keep producing until the cost of its output is exactly equal to its short-term marginal cost. The production of a quantity where marginal revenue equals marginal cost allows businesses to maximize profits.
As a result, the firm's profits are maximized when it selects a production level where its marginal revenue and marginal cost are identical.
The corporation is unable to influence the market price for its product, hence solution (b) is true. A single company cannot affect the market price in a market with perfect competition.
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