Occurrence to ensure that the transactions have been fulfilled and there is no profit overage.
Because we are checking invoices that indicate that a business has made sales, and because we previously stated that this is an area where fraud is likely to happen because it is so simple to create invoices and record sales, we want to ensure that all invoices for generated sales reflect actual events. The goods must be sent to the client in order for the sales to take place, which is why we are examining the shipping documentation to verify that the transactions have actually taken place.
Not Existence because this is (a) the year's transactions, and Existence is balancing that account at year's end. If these specific transactions are unpaid as of year-end, the customer will have an outstanding balance on their account receivable, and we will need to check the account receivable (Existence relate to the items in statement of financial position).
Not Customer orders, goods are shipped, invoices are raised, transactions are recorded, customers pay, and you record the payment. Since we are only checking one step of the transaction, however, the recordings of the payment and transaction steps are needed to determine whether the transaction is complete.
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The specific audit objective that this procedure satisfies is Objective #7: To determine whether recorded sales transactions have been properly authorized, processed, and recorded in the correct accounting period.
Based on the provided information, the specific audit procedure you mentioned is:
a. Examine a sample of electronic sales invoices to determine whether each order has been shipped, as evidenced by a shipping document number.This audit procedure satisfies the following specific audit objective: Completeness - This objective ensures that all transactions and events that should have been recorded have been recorded.
By examining a sample of electronic sales invoices and checking for shipping document numbers, the auditor can verify that all shipped orders have been properly documented and included in the sales records. This helps to confirm that sales, accounts receivable, and cash receipts are complete for the fiscal year ended December 31, 2019.
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in the equation to calculate the present value of a stream of cash flows, what does the subscript 0 refer to when attached to pv?
The present value, or PV, of an amount of money or stream of cash flows in the future is the total of those amounts at a given rate of return in the present.
How does present value work?The worth of a future financial asset or stream of cash flows is known as its present value (PV), which is its current value at a particular rate of return. The present value is calculated by subtracting the future value from the discount rate or potential investment interest rate.
What are future and current values?The amount of cash that has to be put into investments in order to accomplish a particular future objective is known as the present value. The amount that would increase in value over time if it were invested is called the future value. The investment needed to acquire the future worth is equivalent to the current value.
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please please help. i need 2,3, and 4 . it is due tomorrow
Answer:
2. Filing for bankruptcy is when the court decides whether to discharge your debts and those who owe are no longer legally required to pay them. It is on a credit report because it shows what you can pay for and what you can't.
3.Pay Your Bills on Time, Pay off Debt and Keep Balances Low on Credit Cards, and apply for and Open New Credit Accounts as Needed.
4.TransUnion, Equifax, and Experian.
Explanation:
he intervention through any government action into the marketplace on behalf of its own domestic markets is called: 1) trading bloc 2) bribery 3) protectionism 4) free trade
The intervention through any government action into the marketplace on behalf of its own domestic markets is called protectionism. Protectionism refers to the use of trade barriers, such as tariffs, quotas, and subsidies, to protect domestic industries from foreign competition and promote domestic economic interests.
Protectionism is the policy or practice of using government interventions to shield domestic industries from foreign competition. It involves implementing trade barriers and restrictions, such as tariffs (taxes on imported goods), quotas (limits on the quantity of imported goods), and subsidies (financial support provided to domestic industries). These measures are intended to protect domestic industries, preserve jobs, and ensure the economic well-being of the country.
Protectionism can have both positive and negative effects. It may provide temporary benefits to domestic industries by creating a level playing field and promoting local production. However, it can also lead to higher prices for consumers, reduced competition, and retaliation from other countries, resulting in trade wars and economic inefficiencies. Free trade, on the other hand, advocates for open and unrestricted international trade, promoting competition, innovation, and overall economic growth.
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Cash collected and recorded by a company but not yet reflected in a bank statement are known as a credit memos. b. deposits in transit c. debit memos. d. outstanding checks.
The answer to the given problem is option b) deposits in transit.
Deposits in transit are referred to as a company’s cash collected and recorded, but not yet shown on a bank statement. The deposits in transit are primarily the cash and checks deposited to a bank account by a company in the form of a deposit but have not yet been reflected in the bank statement of the company for processing. They are a component of the company's bank reconciliation statement. The outstanding checks, credit memos, and debit memos are not the correct options as these are referred to as the items that are reflected on the bank statement and require processing for a bank reconciliation to balance the company's bank account. Therefore, the correct option is b) deposits in transit.
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How can you make the most of a tight budget?
a) making a list before shipping
b) buying on sale
c) setting good priorities
d) all of these
Answer:
D
Explanation:
most prob everything is good
In 1776, an economics book titled was published to promote the concept of free enterprise.
Answer:
The correct answer to the following question will be "The Wealth of the Nations".
Explanation:
Adam Smith, a writer wrote a book recognized as Wealth of Nations to spread the values of entrepreneurship as well as international enterprise during the year 1776. He believed that the United States would unquestionably foster a more stable and successful as well as continuing to grow financial status for anyone who could do it adequately.So that the above would be the right answer.
Answer:
A
Explanation:
Wealth of Nations
Total revenue for producing 8 units of output is $48. Total revenue for producing 9 units of output is $63. Given this information, the: Group of answer choices Average revenue for producing 9 units is $1 Average revenue for producing 9 units is $15 Marginal revenue for producing the ninth unit is $1 Marginal revenue for producing the ninth unit is $15
The correct answer is Marginal revenue for producing the ninth unit is $15.
Marginal revenue is the revenue obtained from selling one more unit of a good or service. The total revenue for producing 8 units of output is $48, and the total revenue for producing 9 units of output is $63. Given this information, the marginal revenue for producing the ninth unit is $15.
Average revenue is calculated by dividing the total revenue by the number of units produced.
Therefore, the average revenue for producing 8 units is 48/8 = 6.
While the average revenue for producing 9 units is 63/9 = 7.
Hence, the correct answer is not average revenue for producing 9 units is $1 but it is Average revenue for producing 9 units is $7Marginal revenue is the additional revenue obtained from producing one more unit of output.
Therefore, the marginal revenue for producing the ninth unit is the difference between the total revenue for producing 9 units and the total revenue for producing 8 units, which is ($63-$48) = $15.
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write a story that ends with and it was all a dream
Answer:
The wound in my side hurt so much. I held my hand to my side, trying to apply enough pressure to help slow the bleeding. It wasn't enough though. The wound was too deep. Blood had already soaked through my shirt and begun seeping through the gaps between my fingers.
I gritted my teeth in pain, trying to stay as quiet as possible. I couldn't get caught at all costs. I would have to start running again soon. I couldn't hide behind this tree forever. They would surely find me if I did.
Using the tree for support, I stood up. As soon as I righted myself, the pain in my side worsened and I couldn't stifle the pained whimper I released. MY head started to feel fuzzy and my vision started to blur. I was about to take a step away from the tree when everything started spinning. Suddenly I was falling and then everything faded to black.
I don't know what happened next, but I do know that I woke up, tangled in the sheets on my bed. It was all a dream.
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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7.A shop makes all its sales for cash.
Where does the sales account
appear?
A cash book
B nominal (general) ledger
Csales journal
D sales ledger
Answer:
A.) CASH BOOK
Explanation:
A sales account is the total sale for traded goods and services that include the cash and credit sales will come in the right credit sides of the trading account by the name of sales.
A sales journal is a species account ting journal and is used to keep a track of sales that customers have purchased.Hence the option C is correct.
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a company plans to manufacture a rectangular box with a square base, an open top, and a volume of 458 in3. the cost of the material for the base is 0.5 cents per square inch, and the cost of the material for the sides is 0.4 cents per square inch. determine the dimensions of the box that will minimize the cost of manufacturing it. what is the minimum cost per box rounded to the nearest cent?
The minimum cost per box is 0.641 cents. To find the dimensions that minimize the cost, we first determine the cost expression based on the dimensions of the box.
The concept in this problem is to find the dimensions of a rectangular box that minimizes the cost of manufacturing it.
Let the side length of the square base be x inches. Then, the volume of the box is x³ cubic inches, and the height of the box is x² cubic inches.
The cost of the material for the base is 0.5 cents per square inch, so the cost of the base is 0.5x² cents.
The cost of the material for the sides is 0.4 cents per square inch, so the cost of the sides is 2x * x² * 0.4 cents = 0.8x³ cents.
The total cost of the box is 0.5x² + 0.8x³ cents.
We want to minimize the cost, so we set the derivative of the total cost to 0 and solve for x:
d/dx (0.5x² + 0.8x³) = 1 + 2.4x² = 0
x = sqrt(-(1/2.4)) = sqrt(-0.41667) = -0.6495
Since x has to be positive, the side length of the square base has to be positive, so x cannot be negative.
So, we use x = sqrt(0.41667) = 0.6495 inches.
The minimum cost is 0.5x² + 0.8x³ = 0.5(0.6495)² + 0.8(0.6495)³ = 0.327 + 0.314 = 0.641 cents.
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In path–goal theory, which leadership style is best for managing employees who are new to dealing with ambiguous, unstructured tasks?.
Answer:
Directive Leadership
Explanation:
Directive Leadership style is a leadership style where all the power is with the leader and is highly centralized and undivided.
FILL IN THE BLANK. once you reach the two year mark, the government will make an additional matching contribution to your thrift savings account, for a total of up to ___ of basic pay.
Once you reach the two-year mark, the government will make an additional matching contribution to your thrift savings account, for a total of up to 5% of basic pay.
What is a thrift savings account?
A thrift savings plan (TSP) is a retirement savings plan that is open to all federal employees and members of the uniformed services. It is similar to a 401(k) plan for private-sector workers, and it is intended to provide a similar retirement savings opportunity for federal employees.
In order to help their employees save for retirement, the federal government provides a matching contribution to federal employees' TSP contributions. The matching contribution is made on a dollar-for-dollar basis up to a certain percentage of the employee's basic pay, as stipulated by law.
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True or false: how audience members perceive a business presentation speaker's authenticity impacts how they regard the speaker's message
Definitely true. If the speaker doesn’t seem authentic, the message doesn’t seem as important to listen to.
Why is Netflix's stocks going down?
Answer:
Netflix stock was falling sharply Wednesday after the streaming giant posted disappointing first-quarter earnings, prompting a flurry of price target cuts and critique from analysts.
Explanation:
Hope this helpes.
Analyse why the social benefit of education exceed the private benefit
Answer:
dddddddddddd
Explanation:
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxs
A firm's labor demand curve is typically Group of answer choices downward sloping. associated with a slope equal in absolute value to the slope of the labor supply curve. a vertical line. a horizontal line. upward sloping.
Answer:
downward sloping
Explanation:
A firm's labour demand curve is typically downward sloping as a result of the inverse relationship between wages and the demand for labour. The higher wages are, the lower the demand for labour and the lower wages are, the higher the demand for labour.
Please check the attached image for a graph depicting the downward sloping labor demand curve
Research three successful entrepreneurs. Directions Use the Internet to research any three successful entrepreneurs of your choice. You are looking for the traits or characteristics that helped make them successful. Be sure to include the URL links you used as resources in the space below. Then, write a paragraph about each of your three selected entrepreneurs. Outline the character traits that each possesses and explain why you think they were vital to that person's success. Question # 1 Long Text (essay) Submit your paragraphs on the traits or characteristics that make three entrepreneurs successful.
Conducting research on three successful entrepreneurs, we came to three relevant names in the current scenario, which are Jeff Bezos, Steve Jobs and Mark Zuckerberg.
Now let's briefly learn a little more about the profile of each of them:
Jeff BezosJeff Bezos is the richest man in the world right now. His success story begins with the visionary idea of founding Amazon in 1994, the pioneer in e-commerce in the world.
The essential characteristics of Bezos to be so successful were his visionary, methodical and innovative personality, since already at the beginning of his entrepreneurial trajectory, he was transparent with the shareholders that the company would take at least five years to generate profits.
Steve JobsHe founded Apple in 1976, one of the most valuable computer companies in the world, whose products revolutionized the history of personal computers, cell phones, music, etc.
Jobs' characteristics that helped him to create a successful brand were his persistence, hard work and perfectionism with which he performed his tasks.
Mark ZuckerbergHe became known for being the creator of faceb00k in 2004, the most accessed social network in the world, which expanded rapidly, with the acquisition of the most downloaded apps of the decade and made Zuckerberg one of the most successful entrepreneurs of the world.
His reserved and work-focused personality meant that he took advantage of opportunities to improve and extend his business, from acquiring new social media and innovating his company to a media and technology conglomerate.
Therefore, through the profile of these three famous entrepreneurs, it is possible to perceive similar character traits that were vital to the success of their companies, such as being a visionary leader, seeing unique opportunities to innovate through persistence and hard work.
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In the management process, if the planning is perfect, then there is no need for controlling.
True
or
False
?
The assumption that if planning is perfect there is no need for controlling is false.
This is because controlling is a very vital and important part of
management. Controlling helps to organize the various factors needed in
the completion of a project. This helps to prevent and reduce mistakes to
the barest minimum that may arise as we are all prone to errors.
A management process without any form of control will result in the target
and exact instructions not being met or adhered to.
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Louvers, Incorporated, accepted a $15,000, 180-day, 10 percent note from a customer on May 31. On June 30, Louvers prepared a period-end adjusting entry to accrue the $125 of interest owed on the note. The note is honored on November 27.
Prepare the necessary November 27 entry for Louvers by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. If there are multiple debits or multiple credits, please enter the account titles in alphabetical order. View transaction list Journal entry worksheet < 1 Louvers, Inc., accepted a $15,000, 180-day, 10 percent note from a customer on May 31. On June 30, Louvers prepared a period-end adjusting entry to accrue the $125 of interest owed on the note. The note is honored on November 27. Note: Enter debits before credits. Debit Credit Date Nov. 27 General Journal Cash Interest revenue Interest receivable Notes receivable Record entry Clear entry View general journal
Answer:
November 27 Debit Credit
Bank $15,750
(15,000+15,000*10%*180/360)
Accrued interest income $125
Interest income $625
Note receivable from customer $15,000
Noriko analyzes ways to create and improve computer systems.
Boris helps people who are having difficulty using computers.
Lane writes code for operating systems.
Jewel tests software to identify problems.
Carla fixes and maintains databases.
Ignacio plans, organizes, and oversees information technology projects.
Answer:Brian uses ultrasound technology to create images of a patient’s liver and kidneys.
Nigel performs tests on a patient to get information about how his heart is working.
Krystal analyzes X-rays to determine whether a patient has a broken arm.
Explanation:
Answer:
A. B. F.
Explanation:
Edge
gutknecht corporation uses an activity-based costing system with three activity cost pools. the company has provided the following data concerning its costs and its activity-based costing system: costs: wages and salaries $ 300,000 depreciation 180,000 utilities 240,000 total $ 720,000 distribution of resource consumption: activity cost pools total assembly setting up other wages and salaries 35% 40% 25% 100% depreciation 5% 60% 35% 100% utilities 10% 60% 30% 100% how much cost, in total, would be allocated in the first-stage allocation to the other activity cost pool?
To allocate the cost to the other activity cost pool, we need to multiply the total cost by the percentage of resource consumption allocated to that pool.
For wages and salaries:
Other activity cost pool = $300,000 x 25% = $75,000
For depreciation:
Other activity cost pool = $180,000 x 35% = $63,000
For utilities:
Other activity cost pool = $240,000 x 30% = $72,000
Therefore, the total cost allocated to the other activity cost pool in the first-stage allocation is:
$75,000 + $63,000 + $72,000 = $210,000
By adding up the costs consumed by the Other activity cost pool for each category, we can determine that a total of $216,000 would be allocated to this cost pool in the first-stage allocation.
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Which transmission characteristic is never fully achieved?
Answer:
Bandwidth, the amount of data that could theoretically be transmitted during a given period of time.Answer:
stop spamming wrong answers!!
Explanation:
Countries the government controls the mos
activities:
• health
education
defence
• public transport
water supply
. electricity supply.
Activity 2.4
For each of the examples of key industries or activities listed above, suggest three possible
reasons why the government of a country might decide to own and control that industry or
service.
Answer:
health education defense
Your available credit is $1,000, but you keep your debt to $200.00. How does this help you build a positive credit history?
Keeping a low debt-to-credit ratio can demonstrate responsible credit usage, which is a key factor in building a positive credit history.
Building a good credit history requires maintaining a low debt-to-credit ratio.Your debt-to-credit ratio measures how much of your available credit you are currently using.A lower debt-to-credit ratio implies prudent credit use because you aren't using credit excessively and can properly manage credit.Keep this percentage as low as you can because creditors and lenders use it to assess your credit worthiness. Maintaining a low debt to credit ratio may make you appear less dangerous to lenders and increase your chances of getting future loan applications accepted.Another important element in establishing a solid credit history is having a low debt-to-credit ratio, which can enhance your credit score.
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The annual mean demand for a certain kitchen-table at Smart Home (SH) is 9,000 units. Ordering cost per order is $50, holding rate is 22%, and unit cost is $500. To apply the EOQ model with service level, demand records were collected daily. The daily demand is normally distributed, with a mean of 25 units and a standard deviation of 15 units. Lead time = 3 days = 2.2 If SH limits the amount spent on holding safety stock to (not more than) 50% of the annual variable cost, what service level can be achieved? The lead time is still 3 days. a. 50% of the annual variable cost = 50%*9949.87= 4974.93 dollars. With this $ amount we can purchase 9 tables. This increases the inventory per cycle to EOQ+SS = 90.45+9=99.45. So, the cycle service level is 90.45/99.45 = 90.09% b. 50% of the TV(Q*) = $4974.93. With this $ amount we can hold 45 tables as safety stock. This results in service level just below 96%. c. None of the above. =
Therefore, the service level that can be achieved with a limit of 50% on the amount spent on holding safety stock is just below 96%.Option (b) is correct.
Let us first calculate the EOQ using the formula:
EOQ = √((2AS)/H)EOQ = √((2 × 9,000 × 50)/0.22)
EOQ = 450.45 ≈ 451 units
Now, we will calculate the total variable cost per cycle: Total variable cost = (A/Q)S + (Q/2)H + (A × C)
Total variable cost = (9,000/451) × 50 + (451/2) × 0.22 + (9,000 × 500)
Total variable cost = $5,067.61
Now, we will calculate the safety stock using the formula: SS = Zσ √(L)SS = 1.645 × 15 √(3)SS = 28.67 ≈ 29 units
The total inventory per cycle is EOQ + SS = 451 + 29 = 480 units.
Let us now calculate the cycle service level, which is given by: Cycle service level = EOQ/(EOQ + SS)
Cycle service level = 451/(451 + 29)
Cycle service level = 94.06%
As per the question, SH limits the amount spent on holding safety stock to not more than 50% of the annual variable cost. Total variable cost for the given data is $5,067.61.
Hence, 50% of the annual variable cost = 0.5 × 5067.61 = $2,533.81.
The cost of holding safety stock to $2,533.81 is given by: TV(Q*) = S √((2AD)/H) + (Q*/2)H = $2,533.81.
Rearranging the terms, we get: Q* = √((2DS)/H) × √(TV(S)/C) + √((2AD)/H)Q* = √((2 × 50 × 9,000)/0.22) × √(2,533.81 × 50/500) + √((2 × 9,000 × 500)/0.22)Q* = 2,060 units
Therefore, the cost of holding safety stock to $2,533.81 is equal to 2,060 units.
Hence, the safety stock is 2,060 - 451 = 1,609 units.
The total inventory per cycle is EOQ + SS = 451 + 1,609 = 2,060 units.
Let us now calculate the cycle service level, which is given by: Cycle service level = EOQ/(EOQ + SS)
Cycle service level = 451/(451 + 1,609)
Cycle service level = 21.89%
Answer Option (b) is correct.
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A Bakery stocks daily five gourmet fancy fruit-topped cakes. All the cakes that are not sold during the day are thrown away, and the bakery restocks the next day with new cakes, bringing the in-stock level up to five at the beginning of each day. If daily demand is greater than the five cakes in stock the bakery loses sales. The special cake sells for $32 and costs the store $10. The probability distribution of daily demand for the cake is as shown below daily demand - 0, 1,2,3,4,5,6,7 Px - 0.01, 0.02, 0.04, 0.06, 0.20, 0.60, 0.05, 0.02
Answer:
The answer is "$1.98".
Explanation:
calculating the profit per cake \(= \$32 -\$10 =\$22\)
\(\text{if demand}=6 , \ lose =\$22 \\\\\text{if demand}= 7,\ lose = \$44\\\)
Calculating E(profit lost):
\(=\$22 \times 0.05+ \$44 \times 0.02\\\\ =\$ 1.1+\$ 8.8\\\\=\$ 1.98\)
what is the presumed era for the third stratum
The Presumed era of the Third Stratum is regarding the cognitive ability.
What is the 3 stratum theory?The American psychologist John Carroll introduced the three-stratum theory of cognition in 1993. It is based on a factor-analytic investigation of the association of individual-difference variables using data from more than 460 datasets, including information from psychological testing, academic performance, and competence assessments.
According to the three-stratum hypothesis, there are three categories into which individual variances in cognitive capacity may be divided: narrow, wide, and general.
Therefore, it can be concluded that Regarding cognitive capacity, the Third Stratum is assumed to have existed.
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A financial institution that accepts deposits, makes loans, and provides other
financial services is a(n):
A. contractual institution.
B. depository institution.
C. fractional reserve institution.
D. investment institution.
Answer:
B. depository institution.
Explanation:
Depository financial institutions provide customers with a wide range of financial services. They accept customer's deposits, issue loans, process checks, facilitate local and international payment, among others.
Depository financial services comprise commercial banks that are profits oriented and not-for-profit institutions such as credit unions and thrift institutions. Commercial banks charge a higher interest rate on loan issued than credit unions. However, banks can issue bigger loans than credit unions.
Answer:it’s not B
Explanation:
Got wrong on A.P.E.X
Which career pathway describes the two main aspects of the Business, Management, and Administration career
cluster?
O Management and Budgeting
Secretarial and Administration
Management and Administration
O Marketing and Business
PLEASE HELP ME
Answer:
Secretarial and Administration
Explanation:
Business, Management, and Administration can be defined as a strategic process which typically involves controlling, directing and organizing the personnel and resources of a business in order to achieve the goals and objectives of the business firm. Thus, it provides students with the requisite knowledge and skills for the effective and efficient management of the operations of a business based on factors such as finance, administrative functions, records, and secretarial.
Hence, the career pathway which describes the two main aspects of the Business, Management, and Administration career cluster are Secretarial and Administration. These two aspects deals with office management, records and book keeping, typing of documents, etc.
Answer:
C
Explanation: