Answer:
Computerized accounting has a lot of advantages over manual accounting when rightly implemented
Explanation:
Computerized accounting is an integrated accounting system that uses program software stored on a computer or server to perform account functions. It can be a tailored or off the shelve software for that purpose.
It is easier to use , faster , and more accurate when compared to the manual accounting , which makes it more helpful especially for small business owners that do not have a good structure in place.However , the initial set up cost is high , and this need to be considered by small businesses before adoption. Moreover , as they come in different format , a small business may need to consult expert for the type that is mostly suitable for his business as well.
Which term describes the ability of a firm/industry, under free and fair market conditions, to design, produce, and market goods and services that are better and/or cheaper than those of other firms/industries
Answer:
Competitiveness.
Explanation:
Competitiveness can be defined as a term which describes the ability of a firm or industry, under free and fair market conditions, to design, produce, and market goods and services that are better and/or cheaper than those of other firms or industries.
It is simply a characteristic which give firms the ability to perform better than their rivals in the provision of goods and services in a market.
An _________________ is calculated by subtracting the firm's costs from its total revenues, _______________________. *
Answer:
A. accounting profit; excluding opportunity cost
Explanation:
here are the options to this question :
A. accounting profit; excluding opportunity cost
B. accounting profit; including opportunity cost
C. economic profit; excluding opportunity cost
D. opportunity cost; including economic profit
Accounting profit is total revenue less total explicit cost.
Revenue = price x quantity sold
explicit cost is the cost actually incurred in carrying out a particular activity e.g. wages, rent
Economic profit is accounting profit less opportunity cost.
Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.
The store determined it will cost $95,800 to restore the area (considered a land improvement) surrounding one of its store parking lots, when the store is closed in 2 years. Marigold estimates the fair value of the obligation at December 31 is $82,000. Write down its journal entry.
Answer and Explanation:
The journal entry is shown below:
Parking Lot A/c Dr. $82,000
To Asset Retirement Obligation A/c $82,000
(being the parking lot is recorded)
Here we debited the parking lot as it increased the assets and credited the asset retirement obligation as it also increased the liability
The amount i.e. to be recorded should be equivalent to the fair value of the obligation and the same is to be considered
"Which bond portfolio where all investment is made up front would be MOST negatively affected by a sharp rise in interest rates?"
Answer:
Explanation:
When an individual’s current money income exceeds his current consumption desires, hesaves the excess. Rather than keep these savings in his possession, the individual mayconsider it worthwhile to forego immediate possession of the money for a larger futureamount of consumption. This trade-off of present consumption for a higher level of futureconsumption is the essence of investment.An investment is the current commitment of funds for a period of time in order to derivea future flow of funds that will compensate the investor for the time value of money, theexpected rate of inflation over the life of the investment, and provide a premium for theuncertainty associated with this future flow of funds.2.Students in general tend to be borrowers because they are typically not employed so haveno income, but obviously consume and have expenses. The usual intent is to invest themoney borrowed in order to increase their future income stream from employment - i.e.,students expect to receive a better job and higher income due to their investment ineducation.3.In the 20-30 year segment an individual would tend to be a net borrower since he is in arelatively low-income bracket and has several expenditures - automobile, durable goods,etc. In the 30-40 segment again the individual would likely dissave, or borrow, since hisexpenditures would increase with the advent of family life, and conceivably, the purchaseof a house.In the 40-50 segment, the individual would probably be a saver since incomewould have increased substantially with no increase in expenditures. Between the ages of50 and 60 the individual would typically be a strong saver since income would continueto increase and by now the couple would be “empty-nesters.”After this, depending uponwhen the individual retires, the individual would probably be a dissaver as incomedecreases (transition from regular income to income from a pension).4.The saving-borrowing pattern would vary by profession to the extent that compensationpatterns vary by profession. For most white-collar professions (e.g., lawyers) incomewould tend to increase with age. Thus, lawyers would tend to be borrowers in the earlysegments (when income is low) and savers later in life. Alternatively, blue-collarprofessions (e.g., plumbers), where skill is often physical, compensation tends to remainconstant or decline with age. Thus, plumbers would tend to be savers in the earlysegments and dissavers later (when their income declines).5.The difference is because of the definition and measurement of return. In the case of theWSJ, they are only referring to the current dividend yield on common stocks versus thepromised yield on bonds. In the University of Chicago studies, they are talking about thetotal rate of return on common stocks, which is the dividend yield plus the capital gain or
Investments consist of treasury bills that were purchased in November, 2018 and mature in January, 2019. Prepaid insurance is for two years. What amount should be included in the current asset section of Janson's December 31, 2018, balance sheet
Answer:
Note
This is an incomplete question and the missing part is stated below.
Jason's corporation co trial balance include the following account balances at December 31,2018.
Account receivable : 13,800
Inventory : 40,000
Patent : 13,000
Investment :30,500
Prepaid insurance : 7,900
Note receivable , due 2021 :50,600
Explanation:
Current assets are assets that are reasonably expected to sold or consumed through normal business operation within an operating cycle(within a year)
Looking at the balances given in the question , the current asset balances are
Account receivable (payment are expected within a year ) - 13,800
Inventory (expected to be utilized during regular operation) -40,000
Investment ( turnover expected within a year )- 30,500
The portion of prepaid insurance meant for immediate next year - 7900/2 ,3950
Total current asset = 13,800+40,000+30,500+3950 =88,250
The amount of use that the company expects to obtain from an asset before disposing of it is referred to as the _____________ life of the asset.
Answer:
Economic or Useful Life
Explanation:
The time period that the asset is in the business, it is expected to generate economic benefits for the company.
This time period is usually known as the economic life/useful life of the asset and may be shorter or longer than its legal life.
Note : Legal life of an asset is its period of operation granted by a law especially for intangible assets. Examples are trademark and copyrights.
Super Sleep Hotel is a single hotel with 150 rooms. During the month of September, the hotel had 3,375 guests, who each stayed a single night. What is the occupancy rate for September?
Answer:
75%
Explanation:
For the computation of occupancy rate for September first we need to determine the total availability of rooms is shown below:-
Total availability of rooms = Number of days in September × Number of room
= 30 × 150
= 4,500
Now,
Occupancy rate = Number of guest ÷ Total availability of rooms
= 3,375 ÷ 4,500
= 0.75
or
= 75%
Therefore for computing the occupancy rate we simply applied the above formula.
the goal of information management is to identify information requirements for various levels
Answer:
Yes, that is the reason
To improve its standard of living, a nation’s economy must
Answer:
B. Grow through innovation
Explanation:
Here are the options to this question :
A. Remain stable.
B. Grow through innovation.
C. Reach economic equity.
D. Allow the central government to make economic decisions.
The standard of living of an economy is measured by : Real GDP / population. If a country wants to increase standard of living, a country must increase its GDP.
GDP grows through innovation
The sign on the wall of The Health Hut reads, "We want to provide our customers with the freshest and healthiest of foods so that they can live life to the fullest." This sign reflects the:
Answer: mission statement
Explanation:
The statement We want to provide our customers with the freshest and healthiest of foods so that they can live life to the fullest." is referred to as the mission statement.
A mission statement is simply a short statement that describes the reason for the existence of an organization, the overall goal of the organization, the kind of goods or service the organization offers, the organization's primary customers and also its location.
"If I didn't have class tonight, I would save the $4 campus parking fee and spend four hours at work where I earn $15 per hour." The opportunity cost of attending class this evening is:
Answer:
the opportunity cost is $64
Explanation:
The computation of the opportunity cost to attend the class at the evening is
= Parking fee saved + earning per hour × number of hours
where,
Parking fee saved is $4
Earning per hour is $15
And, the number of hours is 4
Now place these values to the above formula
So, the opportunity cost of attending the class is
= $4 + $15 × 4
= $4 + $60
= $64
hence, the opportunity cost is $64
An Insured has a $500 deductible with a 20% coinsurance provision. If the Insured has a $10,000 accident claim, the Insured will be responsible for how much of the claim
Answer: $2,400
Explanation:
The insured will pay the $500 deductible so that reduces the amount to $9,500.
The Insured has a 20% coinsurance provision so will pay 20% of what is left;
= 9,500 * 20%
= $1,900
Total Insured will pay = 500 + 1,900
= $2,400
Without _____, businesses would find it difficult, if not impossible, to buy more raw materials, hire more employees, attract more capital, and create additional products that, in turn, make more profits
Answer:
High prices
Explanation:
High prices are a term that describes the expensive value of products in comparison with other similar products or the raw materials used in the production. However, with the increase in the price of a product, the quantity supplied increases as well. This will result in the following:
1. High profits
2. Attraction to create additional products.
3. Increased revenues
4. More capacity of companies to buy more raw materials
5. Capacity to employ more worker
Hence, the right answer is HIGH PRICES
If you decide to buy one of these TVs, what statistic is most relevant, other than the measures of central tendency? Choose the best answer below.
A. The lowest price is a relevant statistic for someone planning to buy one of the TVs.
B. The highest price is a relevant statistic for someone planning to buy one of the TVs.
C. The difference between the lowest price and the highest price is a relevant statistic for someone planning to buy one of the TVs.
D. The price that occurs least frequently is a relevant statistic for someone planning to buy one of the TV
Answer:
A. The lowest price is a relevant statistic for someone planning to buy one of the TVs.
Explanation:
The measures of central tendency refers to the measurement of data by considering the mean, median and mode so that it could estimate the sample data based on this measures
In order to decide to buy one of these TV the statistic that is should be considered and ignore the central tendancy measures is the price that is lesser to buy one of the TVs.
hence, the correct option is A.
An individual used Maslow’s work as the basis for his own work defining two different types of managers. Who is it?
Answer:
Douglas McGregor
Explanation:
Douglas MacGregor is widely known for his theories termed as Theory "X and Theory " Y". In his attempt to derive at this theory, he utilized Maslow’s work as the basis for his own work defining two different types of managers.
Douglas MacGregor is also considered as a social psychologist who focused on management in business-related issues.
Hence, the right answer is Douglas MacGregor
What is the MOST likely result for a company whose business practices have enabled it to innovate and execute more effectively and efficiently than its competitors
Answer: It gains a competitive advantage
Explanation:
A company whose business practices have enabled it to innovate and execute more effectively and efficiently than its competitors will gain a competitive advantage.
This is because due to its innovation coupled with the organization's effectiveness and efficiency, the organization will produce the products at a cheaper cost when compared to other competitors. This will make the company standout from others.
"Issues such as marketing’s position and authority in a firm’s hierarchy, the customer orientation of the firm, and the emphasis on short- or long-term planning are examples of which component of the internal environment?"
Answer:
This question is incomplete, the options are missing. The options are the following:
A) Resource availability .
B) Organizational structure.
C) Marketing objectives .
D) Marketing infrastructure .
E) Marketing strategy.
And the correct answer is the option B: Organizational Structure.
Explanation:
To begin with, the name of "Organizational Structure", in the field of business, refers basically to the way that the organization is going be managed by its managers, employees and owners. Therefore that this concept is internal and it comprehends the position that a departament as marketing may have in the hierarchy of the company and also the emphasis on short or long term planning because that will be the primary focus on which the organization will have to direct the resources to accomplish the goals.
The following data are for Lily Kay Company. Total sales revenue $250,000 Number of units sold 50,000 units Contribution margin per unit $3.50 Fixed costs $100,000 Calculate the number of units that must be sold to generate net income of $80,000.
Answer:
the number of units that generated net income is 51,429 units
Explanation:
The computation of the number of units that generated net income is shown below:
Here we have to find the break even point i.e. shown below:
= (Net income + fixed cost) ÷ (contribution margin per unit)
= ($80,000 + $100,000) ÷ ($3.50)
= 51,429 units
hence, the number of units that generated net income is 51,429 units and the same is to be considered
what is an everyday example of scarcity that demonstrates why scarcity is a basic economic problem that faces society?
of every day scarcity could it be how the desert doesn't really have water so the desert has a scarcity of water scarcity is a basic economic problem that Society faces because the world sometimes runs out of things that we need so certain people have to make loopholes to get to get around them another example is how during the coronavirus we had a scarcity of sanitizer Clorox wipes bleach and toilet paper
A(n) __________ is an economic structure in which a few very large, very powerful, and very rich owners control an industry or collection of related industries
Answer:
I guess the answer to the question is capitalist economy
The long-run aggregate supply curve shifts left if… Group of answer choices The capital stock decreases All of these answers are correct Immigration increases Technology advances
Answer:
The capital stock decreases
Explanation:
Options “ The capital stock decreases” is the correct answer because the decrease in capital stock will reduce production for example, if the number of plants or factories of a company decreases then its production capacity will also decrease. Therefore, the supply curve will shift left leftwards. Moreover, immigration increases the number of laborers, and advancement in technology increases the efficiency of production. Therefore, in such cases, the supply curve shifts rightwards.
Ann needs to share information about a new hiring policy. She needs to communicate this information to more than one hundred employees. Ann should _____.
Answer:
Send a memo.
Explanation:
In this scenario, Ann needs to share information about a new hiring policy. She needs to communicate this information to more than one hundred employees. Thus, Ann should send a memo.
A memo, also known as office memorandum is a written message used as a means of communication of policies, decisions or procedures issued by an appropriate authority to another within the same organization.
Simply stated, an office memorandum is used to issue instructions or for communicating an action or decision reached by the executive arm of an organization to another, such as subordinates within the same organization.
"In corporate underwritings, if there are unfilled orders placed by a syndicate member that has completed its participation; and securities remain unsold in the syndicate account; then these orders will be filled and the syndicate member placing the order will earn the:"
Answer:
B. selling concession
Explanation:
Since in the question it is mentioned that if there are orders that are not filled and placed by syndicate member also the securities are not sold so the orders could be filled or sold and the member of syndicate placed the order so he earned the concession as he sold the securities of the syndicate
Therefore it is a selling concession situation
Hence, the correct option is B. selling concession
Which one of the following is most often NOT a common trait of an unhealthy company culture? A. a politicized internal environment and empire-building managers who jealously guard their turf B. hostility to change and a wariness of people who champion new ways of doing things C. an aversion to looking outside the company for best practices, new managerial approaches, and innovative ideas D. an aversion to incentive compensation and overemphasis on working in teams E. overzealous pursuit of wealth and status on the part of key executives
Answer: D. an aversion to incentive compensation and overemphasis on working in teams
Explanation:
Company culture is simply the attitudes, goals, practices and the shared values that a company has. characterize an organization. The culture of a company makes it standout from its rivals.
Out of the options given in the question, the one that's not a common trait of an unhealthy company culture is
an aversion to incentive compensation and overemphasis on working in teams.
Your coworker spends most of her day C going out the best way to promote the products your company produces your co worker works in the ____ department
Answer:
B.Marketing
Explanation:
Hope this helps
The part of supply chain management that plans, implements, and controls the flow of goods, services, and information between the point of origin and the final consumer is called
Answer:
Logistics
Explanation:
Logistics is the part of supply chain management that plans, implements, and controls the flow of goods, services, and information between the point of origin and the final consumer. The main objective of logistics is to minimize the use of resources. It is an organizational function which shares responsibilities with Marketing and Production.
During Year 1, Silver Sinks, Inc. earned $33,000 of revenue on account. Cash collections of receivables were $28,000. The remainer of the receivables were collected in Year 2. As a result of these transactions, Silver Sink will report Year 1 net income of ______.
Answer:
Net income = $33,000
Cash inflow from operating activities = $28,000
Explanation:
Given:
Earned 1st year = $33,000
Cash collections =e $28,000
Amount remain for 2nd year = Earned 1st year - Cash collections
Amount remain for 2nd year = $33,000 - $28,000
Amount remain for 2nd year = $5,000
Income must be recorded when it get.
A leftward shift in the supply curve for a good may be caused by any of the following except A. consumer expectation of an increase in their future income. B. an increase in the wage paid to labor. C. a decrease in the number of firms in the industry. D.
Answer: A. consumer expectation of an increase in their future income.
Explanation:
The supply curve is simply a graph that shows the relationship that is between the price of a particular good and the amount of quantity that is supplied.
A leftward shift in the supply curve for a good simply means that less of that good is supplied. All tye options will cause less of the goods to be supplied except consumer expectation of an increase in their future income.
Answer:
A. consumer expectation of an increase in their future income.
Explanation:
Supply is the quantity of a good that can be supplied by a producer to meet demand at a given time.
A left shift in supply means that there is a reduction in amount supplied at all prices.
This is caused by an increase in cost of materials used for producing goods.
A left shift can be caused by an increase in wages paid to workers. This means cost of production has increased so price per unit will increase and less will be supplied.
A decrease in number of firms will reduce the ability of suppliers to meet demand. Supply will reduce.
Anticipation of an increase in consumer income however will not lead to shift in supply to the left. Since this does not affect cost of supply
‘An enterprise may capture value through either innovation leadership or innovation followership'. Discuss this statement with the help of one example each for innovation leadership and innovation followership.
Explanation:
This statement is true, due to the fact that a company to stand out in the market must have a strategy that guarantees significant advantages over its competitors, that is, the company must be prepared to have its own identity in the market that gives it value, what can be achieved through innovation.
An example of innovation leadership and followers of innovation is the case of entrepreneur Jeff Bezos, founder of Amazon, a pioneer in internet sales. It can be said that through the innovative vision that Jeff Bezos has, he managed to found a company that sold books online in 1994, a time when the internet was not so widespread and few people had access. Therefore, Bezos, through leadership in innovation, transformed his company into an empire with several different businesses, always following technological changes and people's behaviors, to always follow market innovations and keeping his company always competitive, being a world technology giant.
An estate is transferred with the stipulation that alcohol will never be consumed on the premises or the seller will take back the property. This kind of estate is a
Answer:
Fee simple defeasible.
Explanation:
When an estate is transferred with the stipulation that alcohol will never be consumed on the premises or the seller will take back the property. This kind of estate is a fee simple defeasible.
A fee simple defeasible is a legal term used in real estate and it states the conditions that must be adhered to in the ownership of a property.
Fee simple defeasible ends the ownership or interest once a condition is violated.