Assume Rock Castle Construction converted from a manual system to QuickBooks.
Required
a. How many times did Rock Castle Construction likely use the QuickBooks setup procedures?
Answers
Assuming that Rock Castle Construction converted completely from a manual system to QuickBooks, they likely used the QuickBooks setup procedures only once. This would involve setting up the company information, chart of accounts, customers, vendors, and any other necessary items specific to the company's operations.
It is likely that Rock Castle Construction used the QuickBooks setup procedures only once when converting from a manual system to QuickBooks.
The setup procedures for QuickBooks involve configuring the software for a company's specific needs, such as setting up accounts, entering opening balances, and customizing forms and reports. These procedures are typically done only once during the initial setup of QuickBooks for a company.
However, it is possible that Rock Castle Construction may have revisited or modified some of the setup procedures if their business needs or accounting practices changed over time. For example, they may have added new accounts or customized reports to better track their financial performance.
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Related Questions
Your brother has asked you to help him with choosing an investment. He has $5,000 to invest today for a period of two years. You identify a bank term deposit that pays an interest rate of 4.25 percent with the interest being paid quarterly. What will be the value of the investment in two years?
Answers
How to Apply the Rule of 72. According to the Rule of 72, $1 invested at a 10% yearly constant interest rate would increase to $2 after 7.2 years ((72/10) = 7.2). In reality, a 10% investment will double in 7.3 years ((1.107.3 = 2)).
How much entertainment, compounded annually, would it take to double a fund in six years?You may also calculate it backwards: divide 6 by 72 to get that a hobby charge of roughly 12 percent will be needed if you want to quadruple your money in six years.
What hobby costs how much per year if you want to double your money in three years?How to Apply the Rule of 72. For instance, the Rule of 72 stipulates If you want to double your money in three years, your investments must provide annual returns of between 21% and 24% (72/3 years). Similar to this, if you want to double your money in five years, your assets must grow at a rate of about 14.4% per year (72/5).
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Please help. Atleast the top 2
Answers
Answer:
Number 1 is Pure Market. Number two is socialist, I'm pretty sure.
Explanation:
Please mark me brainliest if someone else answers :>
On a demand curve, movement along the curve, as opposed to a shift in the entire curve, is a result of _________
Answers
On a demand curve, movement along the curve, as opposed to a shift in the entire curve, is a result of changes in the price .
The demand curve is a graph that depicts the connection between the price of a good and the quantity demanded of that good at that price point. What happens to the quantity demanded as the price changes are shown by a typical demand curve. This relationship is referred to as the law of demand. The law of demand states that all other things being equal, the quantity demanded of a good rise when the price falls, and it falls when the price rises.
When prices are high, buyers seek to purchase fewer goods or services; conversely, when prices are low, buyers seek to purchase more goods or services. Movement along a demand curve indicates a shift in quantity demanded due to a change in the price of the good or service being purchased. This is in contrast to a shift in the entire demand curve, which indicates that the overall demand for the good or service has changed, regardless of price. If a good's price changes, the quantity demanded of that good also changes, resulting in movement along the demand curve.
The demand curve is downward sloping because, as the price of a good or service increases, the quantity demanded of that good or service decreases. If the price of a good or service falls, the quantity demanded of that good or service increases.
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Financial market integration makes it easier for internationally active firms to Select one: a. engage in foreign currency transactions b. minimize offshoring c. nationalize manufacturing industries d. increase tariffs on the import of automobiles and industrial machinery
Answers
Financial market integration makes it easier for internationally active firms to a) engage in foreign currency transactions. Financial market integration refers to the process of linking financial markets across different countries.
This integration leads to the creation of a global financial market that enables firms to access funding from different parts of the world. As a result, internationally active firms can easily engage in foreign currency transactions, which involves exchanging one currency for another to conduct business in different countries.
Financial market integration provides firms with the ability to access different currencies, exchange rates, and financial instruments, making it easier for them to engage in foreign currency transactions. This enables firms to manage their foreign exchange risk and operate more efficiently in the global market.
Therefore, financial market integration has a significant impact on firms' ability to engage in foreign currency transactions, which is critical for their success in the global market.
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Suppose that, before filing for bankruptcy, Stephen had been involved in an automobile accident. The attending officers determined that Stephen's blood-alcohol level was above the legal limit. An injured passenger in the other car sued Stephen and won a settlement. Further suppose that Stephen, as part of his Chapter 13 bankruptcy, attempted to discharge the car-accident settlement in addition to attempting to discharge his obligation for his children's college expenses. Would he be successful?
Answers
Answer:
No, because in bankruptcy repayment plans, certain debts are not dischargeable, including those related to injury or property damage caused while driving drunk.
Explanation:
Dischargeable debts are defined as amounts owed that can be wiped out by one's bankruptcy discharge.
Once the bankruptcy discharge is issued, creditors in such cases can no longer collect on the debts
An example of dischargeable debts is credit card debt and medical bills
In this scenario however where Stephen had been involved in an automobile accident and attending officers determined that Stephen's blood-alcohol level was above the legal limit.
Any debt in relation to the injured party cannot be discharged through bankruptcy
Blackmon Brothers law firm used 165 legal pads over the last three weeks (15 days). It takes them three days to get more, and they want to keep two day's worth as a safety stock. How low can their stock get before they need to order more?
Answers
Answer:
55 legal pads.
Explanation:
The level at which Blackmon Brothers should order more legal pads is the re-order point.
The calculate re-order point, we require
Average daily usage
Delivery lead time
Safety stock is needed.
For Blackmon, Average daily usage will be 165 divided by 15 days
=165/15
=11 legal pads per day.
Lead time is 3 days
Formula for getting the re-order point
= (average daily usage x delivery time) + requires safety stock
For Black man
= (11 x 3)+ (11 x 2)
=33 + 22
=55 legal pads.
They should re-order when they have a balance of 55 legal pads.
a property owner owes $98,200 on a first mortgage recorded on february 8, 2010, and $18,000 on a second mortgage recorded on july 18, 2011. in 2011, the city certified a special assessment lien for sidewalks. which is the correct order of the liens on this property?
Answers
The additional work done to improve the project's worth is known as a special assessment lien. This will ultimately result in higher property taxes. The first and second mortgages follow after that in order.
What is the purpose of tax?Collecting taxes and fees is a fundamental way for countries to generate public revenues that make it possible to finance investments in human capital, infrastructure, and the provision of services for citizens and businesses.
What causes people to owe taxes?A tax bill is basically just a matter of doing the math: You owe more in taxes than you were able to pay for the entire year. This typically indicates that not enough money was withdrawn from your paycheck to pay taxes.
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since nominal wages fell by the same percentage as the price level, you explain that a decrease in the price level leads to
Answers
A decrease in the price level leads to a decrease in nominal wages.
Nominal wages refer to the actual dollar amount paid to employees. When the price level decreases, the cost of goods and services decreases. Therefore, businesses do not need to pay as much for the same amount of goods or services. In order to maintain profitability, businesses decrease the amount they pay in nominal wages to their employees.
As nominal wages decrease, the real wage (the purchasing power of the wage) may remain constant or increase. This is because the decrease in nominal wages may be less than the decrease in the price level, resulting in a higher real wage. Alternatively, the real wage may remain the same if the decrease in nominal wages is equal to the decrease in the price level.
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The Shinn Company wants to manufacture a new mouthwash designed to fight cavities and whiten teeth. The Shinn Company looks at the previously collected data over the last three years on consumer preferences in mouthwash and looks to social media to see what customers are saying about its products. This is an example of _______.
Answers
Answer:
Secondary data
Explanation:
Secondary data means the data i.e. collected by the someone other than the data i.e collected for the first time. It includes the information that related to the censuses, government departments, etc for researching purpose
Since in the given situation, the company looks to the data i.e. already collected and according to this they are able to make the analysis
So, here it is an example of the secondary data
Which of the following factors is likely to be most important when choosing a location for a supermarket?
A) Proximity to suppliers
B) Low-cost land
C) Exchange rate
D) Energy costs
Answers
The majority of consumer behavior research in the casino
gambling field has been based on the study of which five
sub-disciplines?
PLEASE WRITE 600-800 WORDS THANK YOU.
Answers
The majority of consumer behavior research in the casino industry is conducted in sub-disciplines such as marketing, management, and tourism.
These sub-disciplines are essential to understanding consumer behavior and preferences in the casino industry. Casino marketing research is aimed at identifying and understanding the needs and preferences of consumers in terms of casino games, entertainment, and amenities.
This includes understanding the demographics of customers, the type of games they play, and the factors that influence their decision to visit a particular casino. Management research, on the other hand, focuses on understanding how to optimize the casino experience for customers. This includes understanding the layout of the casino, the quality of service, and the overall customer experience.
Tourism research focuses on understanding the role of casinos in attracting tourists to a particular destination. This includes understanding the importance of the casino industry in the overall tourism sector and the impact of casinos on local communities. Overall, these sub-disciplines are essential in understanding the behavior of consumers in the casino industry and developing strategies to attract and retain customers.
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Wilson Corporation sells an industrial solvent at a normal selling price of $100 per barrel. The variable cost per barrel is $40, and the company's total fixed cost is $900,000 per month. The company has excess capacity of 30,000 barrels per month. Management was recently contacted by a potential buyer with whom they had no prior experience. The buyer offered to buy a special order of 5,000 barrels at a discount price of $80 per barrel. The special nature of the order would increase variable costs associated with it by $10 per barrel over the normal variable cost. The special order would also increase fixed costs by $60,000. If the special order is accepted, operating income will increase by _________ $ .
Answers
Answer:
$ 90000
Explanation:
Given :
The normal selling price of an industrial solvent by Wilson Corporation = $ 100 per barrel.
The variable cost per barrel = $ 40
Total fixed cost of the company = $ 900,000 per month.
Number of barrels in excess = 30,000 per month
Number of barrels the buyer wants to buy = 5000 barrels
New fixed cost = $ 60,000
The increased variable cost is $ 10 per barrel over the normal variable cost.
Now if this special order is accepted, the operating income of the company would increase by an amount of $ 90,000.
In the organizational structure, it is responsible for managing of income and expenses of a company.
Answers
Financial Controller is responsible for managing of income and expenses of a company.
Who is Financial Controller?Vital controllers additionally influence direction, anticipating, and planning at the organization level, in view of bookkeeping information.
The FC is a senior forerunner in the money group. Consequently, it's generally expected that employment forms show huge involvement with bookkeeping and assessment issues, in addition to the capacity to direct others and take responsibility for organization's books.
This requires more than just a gift for numbers. Controllers should be coordinated self-administrators, with the abilities to urge the more extensive organization to follow strategies and techniques.
Therefore it is the Financial controller who basically helps in managing the overall income.
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insider trading does not offer any advantages if the financial markets are: group of answer choices inefficient. strong form efficient. semistrong form efficient. weak form efficient. semiweak form efficient.
Answers
Insider trading does not offer any advantages if the financial markets are semi strong form efficient.
Semi-strong form efficiency refers to a market where all publicly available information is reflected in the current market prices. This means that any information, including insider information, will already be reflected in the market prices. In such a market, insider trading would not offer any advantage since the information is already incorporated into the current market prices and traders would not be able to profit from it.
In weak form efficient markets, only historical price and volume information is reflected in the market prices. In semi weak form efficient markets, both historical prices and volumes as well as publicly available information are reflected in the prices. In strong form efficient markets, all information, including insider information, is reflected in the prices. In such markets, insider trading would not be advantageous as the information would already be incorporated into the market prices.
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You sent a reinstatement application to the regulatory agency 75 days ago. You have not received a reply. At this point you should
Answers
Now that 75 days have passed without a response to your reinstatement application to the regulatory agency, it would be prudent to take proactive measures to find out the status of your application.
Think about physically going to the regulatory agency's location. You will be able to speak with someone directly, inquire about the status of your application, and obtain any necessary updates or information by doing this.
To find out how your application for reinstatement is progressing, you can also call them. Ask for clarity regarding the status of your application while remaining courteous and professional.
It's usually a good idea to be proactive when dealing with official procedures like reinstatement applications, and both contacting and physically visiting are efficient ways to learn the information you require about the status of your application.
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Your complete Question was as follows:
You sent a reinstatement application to the regulatory agency 75 days ago. You have not received a reply, at this point: To get information about the letter you sent them, a reinstatement application, or a reinstatement, you should personally visit them at their office or give them a call.
outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
In june, cellars, inc. Collected $1,000 from a customer in advance. In july, cellars completed the first half of the job. In august, cellars completed the work. If cellars uses the cash basis of accounting, it will record revenues of ______.
Answers
If Cellars, Inc. uses the cash basis of accounting, it will record revenues of $1,000 in June and nothing in July and August for this transaction.
What is the cash basis of accounting?The cash basis of accounting is an accounting method whereby revenues and expenses are recognized when cash is received or paid out.
The cash basis is unlike the accrual basis of accounting. With the accrual basis, revenue is recognized when earned. Expenses are recognized when liabilities are incurred regardless of when cash payment is made.
Data Analysis:Cash Basis:
Cash $1,000 Deferred Revenue $1,000
Accrual Basis:
Cash $1,000 Deferred Revenue $1,000
July: Deferred Revenue $500 Service Revenue $500
August: Deferred Revenue $500 Service Revenue $500
Thus, if Cellars, Inc. uses the cash basis of accounting, it will record revenues of $1,000 in June and nothing in July and August.
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you have to wait until it says i posted it 1 minute ago if answer before u will be elminated 2 more to go
Answers
Answer:
GG
Explanation:
GG
Answer:
Yay I finally got to say something! Hi I hope you have had a good day! :) I would love to be brainliest because I never have been :')
what is the difference between the turbo button and the victim button
Answers
turbo victim: A button inside your head and heart. You press it any time you give away the power you have to change your life
Identify the types of structures categorized as organizational designs with open boundaries. (Choose every correct answer.)
Answers
The types of structures which are categorized as organizational designs with open boundaries are:
HollowModularVirtualWhat is an Organizational Design?This refers to the step by step method of trying to find the parts of a system which is not functioning properly and fixing them.
With this in mind, we can see that the types of structures which are categorized as organizational designs with open boundaries are hollow, modular and virtual.
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Willow wants to find out how much time viewers spend on the website devoted to her indie rock band and how many times they click banner ads. The best tool for finding this information is.
Answers
As Willow wants to find out how much time viewers spend on the website devoted to her indie rock band and how many times they click banner ads, the best tool for finding this information is a web analytics.
What is the use of web analytics?Basically, a web analytics means the measurement, collection, analysis, and reporting of web data to understand and optimize web usage. It is not just a process for measuring web traffic but can be used as a tool for business and market research and assess and improve website effectiveness.
The applications of web analytics also helps companies measure the results of traditional print or broadcast advertising campaigns.
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The cost of producing 120 boxes of lemon juice at Delta Farms is $360. Last month, the company produced 140 boxes of the same product for $400.
1) What is the firm's cost function?
2) From your answer in 1) what is the firm's fixed cost (FC), marginal cost (MC), and variable cost (VC)
Answers
1) The firm's cost function is C = 2Q + 120 and 2) the firm's fixed cost (FC) is $120, the marginal cost (MC) is $2, and the variable cost (VC) is also $2.
1) The firm's cost function can be determined by finding the relationship between the quantity of boxes produced (Q) and the corresponding cost (C). We can use the given data points to calculate the slope of the cost function:
Slope = (Change in cost) / (Change in quantity)
Slope = (400 - 360) / (140 - 120)
= 40 / 20
= 2
Using the slope-intercept form of a linear equation (y = mx + b), where y represents the cost (C) and x represents the quantity (Q), we can write the cost function as:
C = 2Q + b
To find the value of the y-intercept (b), we can substitute the values from either data point into the equation:
360 = 2(120) + b
360 = 240 + b
b = 360 - 240
b = 120
Therefore, the firm's cost function is:
C = 2Q + 120
2) From the cost function, we can identify the firm's fixed cost (FC), marginal cost (MC), and variable cost (VC).
Fixed Cost (FC): The fixed cost is the constant term in the cost function, which represents the cost that does not vary with the quantity produced. In this case, the fixed cost is 120.
Marginal Cost (MC): The marginal cost is the rate of change of the cost function with respect to the quantity produced. In the given cost function, the coefficient of the quantity term is 2, indicating that the marginal cost is 2. This means that the cost increases by $2 for each additional box produced.
Variable Cost (VC): The variable cost is the portion of the cost that varies with the quantity produced. In this case, the variable cost is the same as the marginal cost since there are no other components in the cost function that vary with quantity.
Therefore, the firm's fixed cost (FC) is $120, the marginal cost (MC) is $2, and the variable cost (VC) is also $2.
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An organization's budget is a document that details O the financial and physical resources allocated to a project or department for a period O the cash available for business expenses and payroll during a year O the headcount assigned to each departmental manager for the year
Answers
An organization's budget is a document that details a. The financial and physical resources allocated to a project or department for a period
What is an organization's budget ?A project's or department's financial and material resources are specified in the budget for the organization. They are single-use plans since they are only applicable during that time or for that unique occasion.
Zero-based budgeting treat each budget as though it were completely fresh and demand that managers provide justification for each line item. Budgets are made sure to be tightly related to the most recent corporate goals through this approach.
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FILL IN THE BLANK. Goods, services, and ideas can all be considered_____in the right circumstances, when consumers exchange something of value for them to satisfy their needs.
Answers
Goods, services, and ideas can all be considered economic resources in the right circumstances, when consumers exchange something of value for them to satisfy their needs.
Economic resources are the inputs used to produce goods and services. Examples of economic resources include land, labor, capital, and entrepreneurship. Land refers to natural resources and land used for production. Labor is the physical and mental talents of individuals, including management skills. Capital is any manufactured resource used in the production of goods and services, such as machinery and equipment.
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A monopolistic competitor maximizes profit by producing 175 units at a marginal cost of $7. The average cost to produce is $14 per unit, and the firm can sell its output at a price of $16.
What is the total profit this firm earns?
Answers
Answer:
343
Explanation:
x=175
(14x+7)=2,457 the cost of everything
16x=2800
2800-2457=343
According to the question, the total profit of this firm earns in per unit is $2 and profit which they earn in 175 units is $350.
What is Profit maximization in monopolistic competition?In the monopolistic competition, organisation maximizes its total profit by equating marginal cost to marginal revenue and solving for the price of one product and the quantity it must produce.
In this process, a monopolistic competitor chooses its profit - maximizing quantity and price resembles closely how a monopoly makes these decisions process.
Therefore,
Profit / Unit = Price / Unit - Cost / Unit
so, the price per unit = $16 and the cost per unit = $14
Here, the profit per unit is $2 and total earns profit is $350.
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Insurance is _____________ when the possible loss is relatively large compared to the amount of the premium.
Answers
Using economic understanding, insurance is "Economically feasible" when the possible loss is relatively large compared to the premium amount.
This is because when an individual insured on a premium account loses huge properties that are considerably large compared to the premium paid, this is economically feasible to such an individual.
For example, if an individual has his vehicle worth $1 million on damaged but has only paid less than $100,000 as insurance fee, such individual would have his car replaced by the insurance firm, despite only paying 10 percent of the car price as insurance fee.
Thus, this situation is considered economically feasible.
Hence, in this case, it is concluded that the correct answer is "Economically feasible."
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What is driving the high demand for certain products over others
during covid and the pandemic? toilet paper for example.
I have a marketing paper I need some help with, if anyone has
some research on
Answers
The high demand for certain products, such as toilet paper, during the COVID-19 pandemic can be attributed to several factors, including increased hygiene concerns, panic buying behavior, and supply chain disruptions.
The COVID-19 pandemic created a heightened awareness of hygiene practices, leading to increased demand for products like toilet paper, hand sanitizers, and disinfectants. Individuals and households stockpiled these items to ensure an adequate supply during uncertain times. Panic buying behavior further fueled the surge in demand, as people rushed to purchase essential goods out of fear of shortages or lockdown measures.
Supply chain disruptions also played a role in the high demand for specific products. The pandemic disrupted manufacturing and distribution networks, causing temporary shortages and delays in replenishing store shelves. This scarcity perception further intensified consumer demand and led to increased purchasing of essential items.
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Jenson is a senior-level manager in his organization. He makes strategic-level decisions to improve the sales or to increase the profits of the organization. Which information system will reflect the strategic decisions that Jenson makes as a senior manager? A. Executive information system B. Management information system C. Transaction processing system D. Decision support system
Answers
Answer: Management information system
Explanation:
The information system that reflect the strategic decisions that Jenson makes as a senior manager is the management information system.
Management Information System is simply referred to an information system that is used to make decisions and also used for analysing and coordinating information in the organization. It studies the relationship and interaction that exist between the people and the organization.
Answer:
decision support system
Explanation: PLATOOOOOOOOOOOOO
Nola Potter earns a salary of $1,200 a month and a commission of 7.5% on all sales over $4,000. This month her sales were $21,400. Find her total earnings for the month.
Answers
Answer:
$ 2,805
Explanation:
Nora has a salary of $1200
The commission is paid on all sales above $4000 at 7.5%
Current month sales are $21,400.
Commissions to be paid will be 75% of $21,400
=7.5/100 x $21,400
=0.075 x 21,400
=$1,605
Nora's total earnings will be salary plus commissions
=$1,200 +$1,605
=$ 2,805
A factory is considered what type of resource?
land
labor
physical capital
human capital
Answers
A factory falls under the category of physical capital, representing tangible assets and infrastructure utilized in the production process. Option C.
Physical capital refers to the tangible assets that are used in the production process to create goods or services. These assets include machinery, equipment, buildings, vehicles, and infrastructure. They are essential resources that contribute to the production capacity and efficiency of a business or organization.
A factory is a prime example of physical capital as it represents a dedicated space or facility equipped with machinery, tools, and equipment designed for manufacturing or production activities. It provides the necessary infrastructure and resources for transforming raw materials into finished products.
Factories typically house specialized equipment and machinery specific to the industry or production process they serve. This physical capital enables businesses to carry out mass production, streamline operations, and achieve economies of scale.
Physical capital is an important factor of production alongside other resources such as land, labor, and human capital. It plays a crucial role in enhancing productivity, output, and overall economic growth.
Effective management and investment in physical capital can lead to improved efficiency, cost reduction, and technological advancements in production processes.
In summary, a factory is categorized as physical capital, representing the tangible assets and infrastructure used in the production process. So Option C is correct.
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