Why must the creditors list and creditors control balances be the same
Answers
The creditors list and creditors control balances must be the same because the creditors list is a detailed record of individual creditor accounts, while the creditors control account is a summary account that shows the total amount owed to all creditors.
If these two balances are not the same, it means that there are errors in either the individual creditor accounts or the summary account. This could result in overpayments or underpayments to individual creditors, leading to inaccurate financial reporting and potentially damaging the company's reputation with suppliers. Therefore, it is essential to ensure that the balances in both accounts match to ensure accurate record-keeping and financial reporting.
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Nona Curry started her own consulting firm, Windsor, Inc. , on May 1, 2017. The following transactions occurred during the month of May. May 1 Stockholders invested $19,125 cash in the business in exchange for common stock. 2 Paid $765 for office rent for the month. 3 Purchased $637 of supplies on account. 5 Paid $191 to advertise in the County News. 9 Received $1,785 cash for services performed. 12 Paid $255 cash dividend. 15 Performed $5,355 of services on account. 17 Paid $3,187 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,530 for services performed on account on May 15. 26 Borrowed $6,375 from the bank on a note payable. 29 Purchased office equipment for $2,550 paying $255 in cash and the balance on account. 30 Paid $229 for utilities
Answers
May 1: Cash of $19,125 was received from stockholders in exchange for common stock.
May 2: Cash of $765 was paid for office rent.
May 3: Supplies of $637 were purchased on account.
May 5: Cash of $191 was paid to advertise in the County News.
May 9: Cash of $1,785 was received for services performed.
May 12: Cash of $255 was paid as a dividend.
May 15: Services of $5,355 were performed on account.
May 17: Cash of $3,187 was paid for employee salaries.
May 20: The account payable for the supplies purchased on May 3 was paid.
May 23: Cash of $1,530 was received for services performed on account on May 15.
May 26: A note payable of $6,375 was borrowed from the bank.
May 29: Office equipment was purchased for $2,550 with $255 paid in cash and the balance paid on account.
May 30: Cash of $229 was paid for utilities.
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Identify the correct pricing strategy. Incorporating _______ pricing strategy drives customers to pay a higher price for a valuable product. Businesses use market research, surveys, and analysis to convince customers to buy products that provide _______ for money.
Answers
Answer:
Price skimming
value for money
Explanation:
Price skimming is the pricing strategy in which businesses charge higher prices for the product initially and then start to reduce the price. The customers pay the high price charged for the product because of unique features of the product. Customers find the product value for money and so they are satisfied with the high prices.
If the marginal benefit of one more unit of a public good is $500 for Sam and $800 for Alex, the social benefit of one more unit of a public good is:
Answers
Answer:
$300
Explanation:
Which of the following is an Internet job search “do”?
a.
Post your résumé without considering your privacy
b.
Pay attention to all directions before responding to job postings
c.
Assume that e-mail is informal, private, or temporary
d.
Take a passive role during your online job search
Answers
The option that corresponds to an Internet job search “do” is alternative b. Pay attention to all instructions before responding to job postings.
Is it effective to look for a job on the internet?Yes, because the internet is a means of mass communication capable of reaching a large number of people, so companies are increasingly interested in publicizing their vacancies through online platforms, such as job sites and professional social media, such as the linkedin.
It is essential that the candidate identifies the vacancy he wants to apply for and analyzes the essential information, such as the company, field of activity, level of experience and education required for the vacancy, and fills it out correctly to have his application validated.
Therefore, looking for a job through the internet is an effective, objective and fast way to identify vacancies aligned with your professional profile, and the candidate must analyze the instructions to compete for real vacancies that can evolve to the achievement of a position in the job market.
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A land grant university has upgraded its Course Management System (CMS), integrating the system throughout all of its main campus and branch campuses around the state. It has purchased a set of 15 servers and peripherals for needs associated with the CMS. The total cost basis is $120,000 and expected use will be 5 years, after which it will have no projected value. Calculate the depreciation deduction and book value for each year
Answers
The depreciation deduction and the book value each year using the straight line method is
Year Depreciation deduction Book value
1 $24,000 $96,000
2 $24,000 $72,000
3 $24,000 $48,000
4 $24,000 $24,000
5 $24,000 0
What is the depreciation expense?Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
120000 / 5 = $24,000
Depreciation expense each year would be $24,000
Book value = cost of the asset - accumulated depreciation
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On July 1, Robles Metal Products had a beginning inventory of $505,700. During the quarter, goods costing $290,900 were manufactured. The inventory at the end of September was $485,300. During the quarter, Robles' net sales were $759,200. What was the cost of goods sold for the quarter? What was Robles's gross profit for the quarter?
Answers
Answer:
Instructions are below.
Explanation:
Giving the following information:
beginning inventory= $505,700
Cost of goods manufactured= $290,900
Ending inventory= $485,300
Net sales= $759,200.
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 505,700 + 290,900 - 485,300
COGS= $311,300
Now, we can determine the gross profit:
Gross profit= net sales - COGS
Gross profit= 759,200 - 311,300
Gross profit= 447,900
what makes recession and recover different?
Answers
The thing that makes recession and recover different is that Economic recovery serves as the business cycle stage which do follow recession .
What is recession and recovery?Recession and recovery can be described as the economuic terms that is been used by the ecconomist whereby the recession can be seen as the period of economic meltdown where there is usually a high inflation of goods as well as services.
It should be noted that the recovery period do follow the reccession which can be described as the sustained period of improving business activity that can happen in a country.
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Do you have to report cash transactions over 10000?.
Answers
In general, you are required to file Form 8300 if your trade or company involves receiving more than $10,000 in cash in a single transaction or series of related transactions.
Explain about the cash transactions?A cash transaction is when you pay cash up front to buy anything. Even though the trade may not settle for a few days, some market stock transactions are nevertheless regarded as cash transactions. An exchange of cash is not deemed to be a futures contract.
Cash transactions over 2 lakh are not allowed for any reason, according to Indian income tax regulations. For instance, you must use a check, credit card, debit card, or bank transfer to pay for a single transaction of 3 lakh in gold jewelery.
In a firm, there are primarily four different sorts of financial transactions. Sales, purchases, receipts, and payments are the four categories of financial transactions that have an effect on the firm.
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What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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asar1:sajan commerce business with cash rs150000and furniture rs5000
asar5:purchased goods form raj rs5000 on cash and 10000 on credit.
asar11:good sold to hair for rs10000 on credits.
asar15:cash received from hair rs 5000
Answers
Answer: i think its B
Explanation:
Shawn Bixby borrowed $30,000 on a 150-day, 12% note. After 65 days, Shawn paid $3,300 on the note. On day 106, Shawn paid an additional $5,300. Use ordinary interest. Determine the total interest use the U.S. Rule. Note: Do not round intermediate calculations. Round your answer to the nearest cent. Determine the ending balance due use the U.S. Rule. Note: Do not round intermediate calculations. Round your answer to the nearest cent.
Answers
Total interest will be 2496.4 for the money that Shawn Bixby borrowed.
What is interest?The sum that is paid in monetary form for using another person's money is known as interest.
Interest expense
30,000 x 12% x 150 days/360 = 1500
Payment deducted from the note:
3300 - 1500 = 1800
30,000 - 1800 = 28200
interest expense
28200 x 12% x 106/360 = 996.4
Deduced from the note
5300 - 996.4 = 4303.6
28200 - 4303.6 = 23896.4
Adding both the interest expense 996.4 and 1500 interest expense
996.4 + 1500 = 2496.4
The total interest will be 2496.4 which needs to be paid.
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Which of the following skills are required to be an effective project manager?
Answers
Answer:
The most important skills of a project manager include communication, teamwork, time management, budgeting
Explanation:
Following are the characteristics of effective project manager
The communication skills of project manager should be effective in nature.
The project manager should have central leadership expertise.
The Project managers should have decision-making skills because the best decision makes the company in profit.
In a good project manager, his team members can express their goal really well.
The project manager tends to keep his peace of mind the whole time and is continuously focused so not to stop losing himself and potentially impact his team culture..
The project manager also takes care of time and submit the project in time.
The effective project manager also keeps in mind the budget before starting the project.
All the other options are not related to skills of effective project manager that's why they are incorrect option.
The United Nations (UN) has many goals. Which statement below is one of its goals?
Question 2 options:
to provide tax cuts to the ultra wealthy throughout the world
to promote anti-vaccination campaigns
to end extreme poverty
to stay out of assisting in national elections, leaving the issue of voting to each individual nation or country
Answers
Answer:
to promote anti- vaccination campaigns
Contribution margin is:
A) Revenues divided by fixed costs
B) Revenues minus variable cost
C) Revenues plus variable cost
D) Net Sales
E) None of these
Answers
The correct answer for the definition of contribution margin is B) Revenues minus variable costs.
Contribution margin is the amount of revenue that remains after deducting the variable costs associated with the production or sale of a product. It is a useful tool for determining the profitability of individual products or services, as it helps to assess the amount of revenue that contributes towards covering the fixed costs of a business.
By calculating the contribution margin, a business can determine the level of sales volume required to break even or generate a profit. This information is important for making strategic decisions regarding pricing, cost management, and product mix.
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brief, extended, factual, and hypothetical are all types of what?
Answers
Resources used to lend credibility to your main points are called supporting materials. The three main types or categories of supporting materials are as follows. As follows: Examples (brief, extended, and hypothetical) (brief, extended, and hypothetical).
Connectives help the speech flow smoothly and make difficult concepts understandable when they are used correctly. The four connectives transitions, internal previews, internal summaries, and signposts should all be present in every speech. There are basically seven different categories of supplementary information: examples, stories, definitions, summaries, historical and scientific fact, statistics, and testimony. A word or phrase that links clauses or sentences is referred to as a connective.
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which of the following are the main goals of a business speech attention-getter? (select all that apply.) multiple select question. a. to make sure audience members understand the speech's humor b. to engage audience members emotionally c. to help explain supporting details more quickly d. to get audience members to consider the presented ideas
Answers
The main goals of a business speech attention-getter are as follows: To get audience members to consider the presented ideas and to engage audience members emotionally. The correct answer is both a and b.
What is a speech attention-getter?An attention-getter is a part of a speech that is used to grab the audience's attention. The main purpose of the attention-getter is to introduce the subject and establish a rapport with the audience. It is a device that is used to capture the attention of the audience, encouraging them to listen to the rest of the speech.
The goals of a business speech attention-getter are as follows:
To get audience members to consider the presented ideas.To engage audience members emotionally.To establish a relationship with the audience in a professional manner.To create excitement and intrigue around the topic being presented.To set the tone for the rest of the speech. To make sure the audience members understand the speech's humor and to help explain supporting details more quickly are not the main goals of a business speech attention-getter.Learn more about attention-getter here: https://brainly.com/question/13357043
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this graph shows the marginal cost of producing each bike. select the correct answer from the options available. based on this graph which bike has a marginal cost of 20 dollars?
Answers
Note that the bike that has a marginal cost of $20 is bike 4.
What is marginal cost?The change in total cost when output is raised by one unit is referred to as the marginal cost.
When the marginal cost equals the marginal income, output is maximized. The marginal cost of making bike 4 is $20 if $20 is traced to the vertical axis.
For example, if the total cost of two pieces of production is $20 and the total cost of three units is $30. The marginal cost of making three units is ten. (30 - twenty) / three.
Thus, the correct answer is Bike 4.
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What is a good sentence for customer?.
Answers
A good sentence for customer: "I appreciate your loyalty as a customer and look forward to continuing to serve you in the future."
What is customer?
An individual as well as business that purchases goods or services from another company is known as a customer. Customers are crucial to businesses because they generate revenue; without them, they would cease to exist. All businesses compete with one another to draw clients, whether through aggressive product promotion, price reductions to increase clientele, or the creation of distinctive goods and experiences that clients adore. Companies frequently abide by the proverb "the customer has always been right" because satisfied customers are more likely to give those businesses their repeat business. As a result, many businesses closely monitor one‘s customer relationships in order to get feedback on how to improve their product lines. Customers can be divided into a variety of groups. Customers are typically divided into internal and external categories.
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in the decision-making process of implementing the decision, what plan must be defined to explain to people how they will move from the old way of doing things to the new way?
Answers
In the decision-making process of implementing the decision, Transition plan must be defined to explain to people how they will move from the old way of doing things to the new way.
Decision-making is the process of selecting the best option from a range of accessible options. Decision-making steps are provided.
Determine the issue that will be decided.
Amass all the data needed for decision-making.
Examine the viability of each option in light of the resources at hand and/or the information gathered.
Examine each option in light of the resources at hand.
Choose the option that is most practical.
Make the choice and then carry it out.
Analyze the outcome of the choice.
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A firm's marketing skills and teamwork as well as its cooperation among managers are examples of
A) financial resources.
B) human resources.
C) physical resources.
D) capabilities.
Answers
The D) capabilities. A firm's marketing skills and teamwork, as well as its cooperation among managers, are examples of the capabilities of the organization.
Capabilities refer to the firm's ability to perform tasks and activities that enable it to create value and compete effectively in the market. It includes a wide range of factors such as human resources, technology, organizational structure, culture, and leadership. In this context, marketing skills and teamwork, and cooperation among managers are considered as intangible capabilities that help the firm to achieve its goals and objectives. These capabilities are not physical resources that the firm owns but rather a set of skills and knowledge that are developed and nurtured over time. Therefore, the correct answer to the question is D) capabilities.
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list your personal interest
Answers
Answer:
my interest is to reach conqueror in pubg mobile
Scenario 4:
You just got the keys to your first apartment. You also have a new credit card with a $4,000 limit and you use it to
furish your new place. Before you know it, you've bought a TV, a couch and a dining room table. When you get the credit card bill, you realize you’ve spent your full credit limit of $4,000.
the credit card bill, you realize you've spent your full credit limit of $4,000.
Does your credit score go up or down?
Why does it go up or down?
If your score goes down, how can you fix it?
Answers
Answer:
Explanation:
Scenario 1:
You want to purchase a new vehicle and you have your heart set on a brand new SUV. You take out a loan to pay for the car, but after six months you begin to fall behind on payments and incur late fees.
1. Does your credit score go up or down?
Your Credit Card score will go down.
2. Why does it go up or down?
It went down because you were late on your payments.
3. If your score goes down, how can you fix it?
Pay your payments on time.
Scenario 2:
You’ve been eager to buy a new cell phone for months, and now you’re ready to make it happen. You use your credit card to purchase the phone and you set up automatic billing to pay the monthly expenses. At the end of each month, you pay the credit card bill in full.
1. Does your credit score go up or down?
It goes up.
2. Why does it go up or down?
You pay your bills on time.
3. If your score goes down, how can you fix it?
It doesn't go down.
Scenario 3:
Your first semester of college, you take out a small loan to help pay for books. Despite being busy, you get a part time job. Although you don’t have to pay your loan back until you graduate, you’ve saved enough by the end of the semester and you will pay off the loan in full.
1. Does your credit score go up or down?
Your score will go up.
2. Why does it go up or down?
You will pay the loan back in full.
3. If your score goes down, how can you fix it?
It doesn't go down.
The credit score of the person is going to go down because it would mean that they have no credit left.
What is a credit score?This is a score that tells how a person is performing based on the credit that they apply for from financial services.
The credit score is going to go down because it would mean that they would be needing more credit.
If the score goes down the best way to make it rise is by making payments on time for the credit collected.
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lifetime value measures the extent to which a company puts effort into servicing its customers' needs, based on an understanding of each customer’s profitability. true false
Answers
The Customer Lifetime Value is determined by multiplying the average purchase value, purchase frequency, and lifespan of your customers.
What exactly is the Customer Lifetime Value (CLV)?
A measure of a company's total income from a typical customer for as long as that person or account remains a client is known as its customer lifetime value (CLV).
The best way to measure CLV is to look at a customer's average total revenue and average total profit.Each one sheds light on how customers interact with your company and how well your overall marketing strategy is performing.
What distinguishes CLV and LTV from one another?
The present value of a brand's customer based on past or anticipated purchases is known as the customer lifetime value (CLV).The metric known as LTV measures the net profit that is derived from the ongoing relationship that exists between a customer and a product.
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The Acme Pie Company received an initial advance of $8,100 on its operating line on June 3rd. The simple interest rate on the account was initially 5.94% and increased to 6.02% on June 20th. How much interest was owing on the account at the end of the month (June 30th)?
Answers
The amount of interest that was owing on the account at the end of the month (June 30th) is $46.24.
The Acme Pie Company received an initial advance of $8,100 on its operating line on June 3rd. The simple interest rate on the account was initially 5.94% and increased to 6.02% on June 20th.
To calculate how much interest was owing on the account at the end of the month (June 30th), we can use the formula I = PRT, where I is the interest, P is the principal, R is the rate and T is the time period.
Let P be the amount advanced by the bank, R1 be the initial rate, R2 be the rate after June 20th, and T1 and T2 be the time in days between June 3rd and June 20th and between June 20th and June 30th respectively.
Then: T1 = 20 - 3 = 17 days T2 = 30 - 20 = 10 days
We can now calculate the interest as follows: Interest from June 3rd to June 20th = P * R1 * T1 / 365 = 8100 * 0.0594 * 17 / 365 = $29.64
Interest from June 20th to June 30th = P * R2 * T2 / 365 = 8100 * 0.0602 * 10 / 365 = $16.60
Total interest owing on the account at the end of the month (June 30th) = $29.64 + $16.60 = $46.24
Therefore, the amount of interest that was owing on the account at the end of the month (June 30th) is $46.24.
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Is economic growth equal for all countries?
Answers
Answer: YES , Economic growth are equal for all the countries
Explanation: Economics growth of one country elaborate it's financial condition also . China occupied the first place in economics growth and our india is in 3rd place . China grow his economy in very less time . Other countries like America, Pakistan , etc are also in process of growing there economy
No, economic growth is not equal for all countries. There are several factors that contribute to the inequality in economic growth among nations.
Firstly, disparities in natural resources and geographic factors play a significant role. Countries endowed with abundant natural resources such as oil, minerals, or fertile land may experience faster economic growth due to their ability to exploit and export these resources. In contrast, nations with limited or less favorable resources face greater challenges in achieving robust economic growth.
Secondly, disparities in technological advancement and innovation contribute to unequal economic growth. Countries that invest heavily in research and development, foster innovation, and have a skilled workforce tend to experience faster economic growth. Technologically advanced nations can develop new industries, increase productivity, and attract foreign investment, which leads to higher economic growth rates.
Thirdly, political stability and good governance are crucial determinants of economic growth. Countries with stable political systems, transparent institutions, and effective governance structures are more likely to attract investments, promote business growth, and foster economic development. In contrast, nations plagued by political instability, corruption, or weak governance face challenges in achieving sustainable and equitable economic growth.
Furthermore, global economic factors such as trade policies, market access, and economic integration can create disparities among countries. Developing nations often face barriers to accessing international markets, limiting their economic growth potential compared to more developed and open economies.
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The annual master budget file includes the ________ from last year because it is needed for the schedule of expected cash collections.
Answers
The complete sentence is summarized below:
The annual master budget file includes the budget from last year because it is needed for the schedule of expected cash collections.
A sentence about annual master budget files
Annual master budget files are a collection of files with detailed lists of cash movements inside, from and to a business. This information is useful to predict and estimate expected cash movements and to construct expected budget in terms of costs and time for the next fiscal year.
For this reason, an annual master budget file must include the budget from last year. The complete sentence is summarized below:
The annual master budget file includes the budget from last year because it is needed for the schedule of expected cash collections.
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Which part of effective leadership deals with maintaining equity?
Answers
Answer:
the part where you have to lead
Explanation:
Question 4
Not-for-profit organizations are?
Answers
Not-for-profit is a broad term for organizations that do not generate profit for their owners. All money generated by the not-for-profit business must be reinvested back into running it. Unlike nonprofits, not-for-profits are not required to operate specifically for the benefit of the public or the advancement of a social cause. A not-for-profit can simply operate to serve the goals or special interests of its members. For example, recreational sports clubs can operate as a not-for-profit.
true or false,according to mr. cochran, there is a strong, significant positive relationship between diversity and corporate innovation.
Answers
True. According to mr. cochran, there is a strong, significant positive relationship between diversity and corporate innovation.
How does diversity create innovation?Diversity is an important driver of innovation because it allows teams to draw on a wide range of perspectives and experiences. When people from different backgrounds and cultures collaborate, they each bring their own set of ideas and approaches to problem solving. This diversity of thought can spark creativity and lead to breakthroughs that would not be possible in a homogeneous team. A diverse team is also more capable of identifying and meeting the needs of a diverse customer base, that can lead to new market opportunities and increased revenue. Furthermore, diverse teams are more adaptable and resilient because they can navigate complex challenges and respond to changing circumstances better. By promoting diversity and inclusion, organisations can foster a culture of innovation and unlock the full potential of their teams.
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income tax how will it affect a pharmacy business?
Answers
Answer:
the tax deduction will be used to reduce current year profits.