Answer:
the question is missing the amount received by Trevor, but we can solve using a number that we choose:
For instance, lets say that Trevor received $6,000 for legal services to be performed during 6 months. The journal entry to record this would be:
August 1
Dr Cash 6,000
Cr Unearned revenue 6,000
On December 31, the adjustment entry should be:
Dr Unearned revenue 5,000
Cr Service revenue 5,000
Unearned revenue is a liability account because we received money but we owe the services, therefore, revenue will only be recognized as the legal services are performed.
What type of questions can be answered with economic tools without interjecting any value judgment as to whether the particular outcome is desirable or harmful
Answer:
Positive questions.
Explanation:
Positive questions is a type of questions that can be answered with economic tools without interjecting any value judgment as to whether the particular outcome is desirable or harmful.
Hence, positive questions in economics are primarily fact based and objective, thus the statements (questions) are descriptive, concise, clearly measurable, precise and without any value judgment.
For instance, asking if education trust funds by the government increases public expenditures is an example of a positive question.
John and Lisa hold the same position at Flyberry Electronics. However, John earns more than Lisa. In the context of pay structure, which of the following justifies the organization's decision to pay John more than Lisa?
a. John works the night shift,and night hours are less desirable for most workers.
b. John is a U.S.citizen;therefore his pay should be higher than that of non-Americans.
c. Lisa is pregnant;therefore her productivity is assumed to be lower.
d. John is physically disabled;therefore he should be paid more than Lisa.
e. Lisa lives in a location where living expenses are higher.
Answer:
a. John works the night shift,and night hours are less desirable for most workers.
Explanation:
The Equal Pay Act of 1963 established that employees must earn the same wage for similar jobs performed regardless of their gender. This means that you cannot pay someone more for being a men if the job done is the same. If any difference in wages exist, it must be justifiable in some way, e.g. different responsibilities, different labor conditions, serve different markets, etc.
In this case, since fewer people want to work on the night shift, in order to attract workers, the company might pay more for doing so. US laws does not require for night shifts to be paid higher wages, but the law of demand and supply might be responsible for the higher wages (demand and supply of labor).
Before putting in an order for the required materials needed, Jessie measured and re-measured to make sure her numbers were correct. To do so, she used her knowledge of finances and budgeting. knowledge of math skills. knowledge of shipping regulations. knowledge of leadership skills.
Answer:
knowledge of math skills.
Explanation:
Analyzing the above question, it can be considered that Jessie used her knowledge of math skills, because before she placed an order for the necessary materials, she measured and measured again to make sure her numbers were correct, so she could only check the numbers and the veracity of your measurements, if you have mathematical knowledge.
It follows that Jessie has knowledge and skills in mathematics, for having information learned about mathematics, and skills for knowing how to apply her knowledge, as demonstrated in the question.
Answer:
knowledge of math skills
Explanation:
She is using math for calculations
the goal of information management is to identify information requirements for various levels
Answer:
Yes, that is the reason
The disadvantages associated with a proprietorship are similar to those under a partnership. One exception relates to the more formal nature of the partnership agreement and the commitment of all partners' personal assets. As a result, partnerships do not have difficulty raising large amounts of capital.
a. True
b. False
Answer:
B
Explanation:
A sole proprietorship is when only one person runs a business
characteristics of a sole proprietorship
Unlimited liabilityOnly one person owns the businessLimited sources of capitalDoesn't exist perpetually.
A partnership is when at least two people come together to form a business
Features of a partnership :
1. Unlimited liability
2. Limited sources of capital as they cannot raises funds in the capital market.
Once values and ethical standards have been formally adopted, a company must …….. A. require every employee to memorize the company's formal statement of core values and code of ethics. B. make it unequivocally clear that the company's core values and ethical standards are strictly enforced cultural norms. C. rely only on word-of-mouth indoctrination and company tradition to instill values and ethical conduct. D. grant compensation increases and promotions only to those managers who are willing to act as evangelists for the company's core values and ethical standards. E. hold periodic ceremonies to vilify employees that do not live up to the company's core values or who are found guilty of violating the company's code of ethics
Answer:
B. make it unequivocally clear that the company's core values and ethical standards are strictly enforced cultural norms.
Explanation:
Once values and ethical standards have been formally adopted, a company must make it unequivocally clear that the company's core values and ethical standards are strictly enforced cultural norms.
This ultimately implies that, when an organization has developed its policy which normally connotes its values and ethical standards, it is very important and essential that it communicates succinctly to its employees they must abide by this policy and must be strongly adopted and adhered to by them.
A _____ is initiated by a group of consumers and enables a customer to bid on specific products or make a request for quotation (RFQ) at a common place for selling products.
Answer:
buyer-side marketplace
Explanation:
Buyer-side marketplace is where a buyer usually make demand for certain products at a place where such products are sold. Here, a single or small number of large buyers are involved whereas cost and time are reduced same with purchasing processes, which are greatly managed by the buyers. There is also the implementation of uniform pricing in this type of market model. The advantage of buyer side market place to the seller is little or no maintenance cost.
Universal Containers has a custom object to maintain Job information with a private sharing model. The Delivery group is distributed through the Role Hierarchy based on geography. As the Delivery Group often collaborates on Jobs, all users in the Delivery profile require View access to all Job records. In special cases, the Delivery user who owns a job must be able to grant a Product Development user access to a Job record. Which two platform features can be used to support these requirements?
Answer:
"View All" Profile settings.
Manual Sharing
Explanation:
As the user who already owns a job shall grant access in that case he shall be able to "view all" profile settings which shall make the user view all the details of the other jobs available.
In order to grant any access one shall be able to modify some settings for that firstly settings view access shall be available.
Further also there shall be an option of manual sharing, which shall make the user share the details of job record manually rather than sharing the entire settings and data.
Lynn Roy has decided to take retirement from her job and use the time she has gained to travel around the world. She has decided to start her trip around the world in Europe by train and bus and will use her savings to pay for her trip. Which step in the financial planning process does this scenario demonstrate
Answer:
implementing her financial plan
Explanation:
According to the given situation, Lynn Roy has a plan that she will take a trip to Europe, in this case, retires and travels all over the world.
For doing that, she needs to look at her savings which she saves while doing a job and see if she can make that financially. If she is, she can draw up and implement a plan, meaning, start using it.
Therefore according to the above explanation the correct the answer is implementing her financial plan
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.
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 economy was at point A producing 100X and 200Y. It moved to point B where it produces 200X and 300Y. It follows that Group of answer choices
Answer:
point A was a point below the economy's Production-Possibility Frontier (PPF) or the economy's PPF could have shifted outward and point A was a point on the economy old PPF.
Explanation:
Production possibility frontier is a that describes a graphical or pictorial representation of several production possibilities of a given two commodities that can be produced when both rely on the same limited resources.
Hence, in this case, the above situation illustrates that point A was a point below the economy's Production-Possibility Frontier (PPF) or the economy's PPF could have shifted outward, and point A was a point on the economy old PPF.
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
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.
Statistics indicate that over half of the world output now comes from emerging markets. This is leading to a(n) ___________ of living standards across the globe and is changing the face of business.
Answer: convergence
Explanation:
An emerging market economy is simply a developing nation's economy that is gradually growing and becoming connected to global markets.
Statistics indicate that over half of the world output now comes from emerging markets. This is leading to a convergence of living standards across the globe and is changing the face of business
A company recognized an accrued salary expense in Year 1 and paid its employees in Year 2. The financial statements affected in Year 2 are the ______.
Answer:
Statement of Financial Position and Cash Flow Statement.
Explanation:
Year 2
1. Statement of Financial Position
Decrease the Liability : Salaries Owing
Decrease the Assets : Cash
2. Cash Flow Statement
Decrease in Liability : Cash Outflows
3. Income Statement
No Effect
4. Statement of Changes in Equity
No Effect
The financial statements that will be affected by this transaction are:
Balance Sheet. Income statement. Statement of Cashflows. Effect on Financial statements The Balance sheet will see a reduction in liabilities related to the accrued expense of the salary. Income statement will recognize the salary expense. Statement of Cashflows will recognize the decrease in liabilities.In conclusion, several financial statements will be affected.
Find out more about accrued expenses at https://brainly.com/question/13450378.
In community nutrition, market segmentation is dividing a community into distinct groups of individuals on the basis of needs, characteristics, or behavior who might require separate services. These include(s):
Answer:
This question is incomplete, the options are missing. The options are the following:
A) Age
B) Geographical location
C) Attitudes
D) Income
E) All of the above
And the correct answer is the option E: All of the above.
Explanation:
To begin with, as it said, the marketing segmentation refers to the process of putting the individuals who are similar in certain characteristics together in order to provide an specific product for them and to understand them better with the purpose of satisfiying their needs. Therefore that in this process there are several options when it comes to do the segmentation and choose the characteristics the manager wants to use for separating the individuals. That includes, age, geographical location, attitudes, income and more.
Jeff was a subcontractor, bidding on a contract for ACE Corp., the general contractor. When adding up the total of materials and labor, Jeff's secretary mistakenly moved the decimal point one place, ending up with a bid of $3500 rather than $35,000. ACE Corp. accepted Jeff's bid, mostly because all the other bids were over $30,000. When Jeff learned of the mistake, he tells ACE Corp. that he cannot do the job for $3500. If ACE Corp. sues to enforce this contract, what is the most likely result?
Answer:
ACE Corp. would lose.
Explanation:
Even though this would be considered a unilateral mistake from Jeff's side, the other party, ACE Corp., could easily realize that there was something wrong with it. It is not logical to believe that Jeff would be able to build something at only 10% of the cost than the rest of the competition.
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
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
When considering the gothic tradition in literary production alone, when does it emerge most predominantly?
Answer:
During the 18th century or during the Romantic period.
Explanation:
While the concept of Gothic elements began as early as the 4th century, the literary impact was seen only from the 18th century, during the Romantic period. While the earlier and initial influences were mainly in the architecture and art forms, literary production on this tradition came after more than a decade of its inception.
The Romantics was a period of imaginative and emotional influences into literary works. Writers of this period focus on the individual's emotions and feelings, And in this period of influence, the themes of Romanticism but in a darker way began to be explored, leading to the Gothic literary genre.
Thus, the gothic tradition in literary production alone emerges most predominantly during the 18th century or the Romantic period.
Defining leadership as a ______ means that it is not a trait or characteristic that resides in the leader, but rather a transactional event that occurs between the leader and the followers.
Answer:
Process.
Explanation:
Defining leadership as a process means that it is not a trait or characteristic that resides in the leader, but rather a transactional event that occurs between the leader and the followers.
This ultimately implies that, beyond an individual possessing the traits or qualities of a leader, leadership in itself is a process that revolves around the activities or happenings between the leader and those who he or she is leading, which are the followers.
Hence, leadership is simply a continuous process.
Leadership is a Process.
The following information should be considered:
It is not a trait or characteristic that resides in the leader, but instead a transactional event that arise between the leader and the followers.leadership in itself is a process that revolves around the activities between the leader and those who he or she is leading,Learn more: https://brainly.com/question/994316?referrer=searchResults
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.
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.
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.
Chinese private-sector wages rose 14 percent in 2012. this trend in rapidly rising wage rates might hurt its manufacturing dominance. source: wall street journal, may 17, 2013 explain the effect of the rising wage rates on the supply of manufactured goods. rising wage rates ________ .
Answer:
Wages in china might have risen 14% in 2012 and probably continued to rise since then, but they are very low compared to western countries, which allowed them to become a manufacturing center, But at the same time, Chinese wages are very high compared to the wages in other southern Asian countries, specially India, Indonesia, Thailand, Vietnam, which are also considered manufacturing centers.
In countries with large and very poor populations, low wages represent low production costs. As wages increase, there will be a gap between western countries and China, but there will also be a gap between China and other Asian countries. As manufacturing costs increase in one country, many factories will be moved to other countries with lower manufacturing costs.
Answer:
Rising wage rates increase the cost of production and, with no change in productivity, China's supply of manufactured goods will decrease
Explanation:
Rising wage rates increase the cost of production and, with no change in productivity, China's supply of manufactured goods will decrease.
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
In Ireland, a pint of beer costs 2.2 Irish pounds. In Australia, a point of beer costs 4 Australian dollars. If the nominal exchange rate is 2 Australian dollars per Irish pound, what is the real exchange rate from the Irish perspective?
Answer:
.91 pints of irish beer per pint of Australian beer
Explanation:
As we know that
The exchange rate of
1 AUD = 0.5 pound
Now
In Ireland, 1 beer cost = 2.2 pound
And, in Australia, 1 beer cost = 4 AUD
As 1 AUD = 0.5 pound
so 4 AUD is
= 0.5 × 4
= 2
Now the exchange rate is
= 4 AUD beer cost ÷ 1 beer cost in Ireland
= 2 ÷ 2.2
= 0.91
hence, the real exchange rate is 0.91
Which of the following is not an important factor on decision making
A. Family
B.Stress
C.Environment
D.Time
Answer:
The answer is BBBBBBBB(stress) !!!!!!! I took the test the answer is not A.
The factor that is not important factor in decision making is B.Stress.
What is decision-making?Decision making serves as the process of making choices through the identification of a decision and gathering of information.
Therefore, when making decisions, the environment and time should be considered so as to assess alternative and make resolutions.
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"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.