At the end of the accounting period, Peeta B) must prepare a trial balance.
After recording the transactions in a journal and transferring them to a ledger, the various balances must then be put into a trial balance to see if the debits of the business are equal to the credits as this would signify that the books of the company are balanced.
This first Trial balance is called the Unadjusted Trial balance which will then have to be tested to ensure that there are no errors in the financial statement and if there are, the journals and the balances will then be adjusted accordingly.
The Trial balance is therefore hugely important to be compiled at the end of the accounting period as it ensures balance in the books.
More information on trial balances can be found at https://brainly.com/question/12177856 and https://brainly.com/question/14643293.
Bread Co. commenced operations during the year as a large importer and exporter of baked goods. The imports were all from one company in France. The export sales were conducted as drop shipments. Bread never took possession of the goods and they were merely transshipped at San Francisco. Bread Co. reported the following data:Purchases during the year$15.0 millionShipping costs from overseas$1.5 millionShipping costs to export customers$1.0 millionInventory at year end$3.0 millionWhat amount of shipping costs should be included in ABC Trading's year-end inventory valuation?a. $0b. $200,000c. $300,000d. $500,000
Answer: c. $300,000
Explanation:
Here, the shipping costs from overseas is part in inventory costs whereas the shipping costs to export are part of expense not inventory.
Given: Purchases during the year $15.0 million
Shipping costs from overseas$1.5 million
Shipping costs to export customers$1.0 million
Inventory at year end $3.0 million
Amount of shipping costs should be included in ABC Trading's year-end inventory valuation = (Inventory at year end)÷(Purchases during the year ) × (Shipping costs from overseas)
= ($3,000,000) ÷ ($15,000,000) × ($1,500,000)
= $300,000
Hence, the correct option is c. $300,000.
Shelley has been hired as a marketing specialist at a large, international firm. On Shelley's first day of work, she attends an orientation session. Which of the following is LEAST likely to be addressed during Shelley's orientation program?
a. Company policies and rules
b. Organizational structure
c. Daily and weekly task requirements
Answer: Daily and weekly task requirements
Explanation:
From the question, we are informed that Shelley has been hired as a marketing specialist at a large, international firm and that on Shelley's first day of work, she attends an orientation session.
The least likely to be addressed during Shelley's orientation program will be the daily and weekly task requirements. This is because this is really not important at the orientation.
There are other important things to talk about such as the organization Structure, company policies etc.
The change brought about by online competition from Amazon and Wal Mart are examples of ______? This is a fill in the blank question
Answer:
The answer is "changing customer preferences"
Explanation:
The consumer desires were perceptions, preferences, disagreements, and intentions which influence customer for consuming the choices by explaining their consumer's conduct, their support, and their needs. for example, The client needs a certain theme, brand, and color,
It's really difficult for a person to create marketing strategies without changing customers ’ preferences. In the corporation, it will maintain its customer base congrats to a comprehensive understanding of the various demand of consumers.Amazon and Wal mart represent a large segment of the E-commerce industries that have large retail and whole scale chains. These companies operate 24/7 and have a customer base.
The change in the buying behavior of the clients and customers is due to the changing customer preferences in the market. These companies are the ones that drive online sales and marketing. The differences in price, brand value and tastes and preferences of people.Thus the changing nature of people preferences in the market.
Learn more bout the brought about by online competition from Amazon and Wal Mart.
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The profit maximizing behavior of a monopoly is different from that of a perfectly competitive firm in that a monopoly can Question 1 options: A) control the position of its demand schedule, but a competitive firm cannot. B) only choose the desired output, while a competitive firm can control only price. C) only choose the desired price, while a competitive firm can control only output. D) control the desired price and output to maximize profits, but a perfectly competitive firm can only choose the desired output.
Answer:
D) control the desired price and output to maximize profits, but a perfectly competitive firm can only choose the desired output.
Explanation:
Firms competing in perfectly competitive markets are price takers, meaning that they cannot set the price of their products or services, but monopolists can actually set the price of their products or services because their market power is high enough to do so. Also, a monopolist can choose to lower or increase its output depending on the resulting profits.
This excessive market power is the reason why natural monopolies are usually regulated by the governments and many monopolistic firms are forced to split into smaller firms that compete against each other.
Alto Company issued 7% preferred stock with a $100 par value. This means that: Multiple Choice Only 7% of the total paid-in capital can be preferred stock. Preferred shareholders are entitled to 7% of the annual income. The amount of the potential dividend is $7 per year per preferred share. Preferred shareholders have a guaranteed dividend. The market price per share will approximate $100 per share.
Answer:
The amount of the potential dividend is $7 per year per preferred share. [$100 x 7%] = $7
Explanation:
The preferred stockholder will receive $ 7 per share held each year provided there are sufficient net income to distribute those dividend.
ristan conducts service and installation visits for a cable company. He uses an online system to access a client's history and updates the system with results from all interactions. This is an example of using _______ to be responsive and build loyalty. business-level strategy process reengineering customer relationship management self-managed work teams total quality management
Answer: customer relationship management
Explanation:
Customer relationship management has to do with the way organizations relate with their customers in order to meet their needs and satisfy them better.
From the question, we are informed that the worker uses the customer relationship management to access a client's history and updates the system with results from all interactions.
Sarah Meeham blends coffee for Tasti-Delight. She needs to prepare 170 pounds of blended coffee beans selling for $3.76 per pound. She plans to do this by blending together a high-quality bean costing $5.00 per pound and a cheaper bean at $2.00 per pound. To the nearest pound, find how much high-quality coffee bean and how much cheaper coffee bean she should blend
Answer:
The quantity of high-quality coffee been is 100 and cheaper coffee bean is 70.
Explanation:
Let the quantity of high-quality coffee bean = x
The price of high-quality bean = $5 per pound.
Let the cheaper coffee bean = y
The price of cheaper coffee bean = $2 per pound.
So, from the equation there are two equation can be formed.
x + y = 170
5x + 2y = 170×3.76
Now, solve both the equation for the value of x and y.
x + y = 170
x = 170-y
now insert, x = 170 – y in the below equation.
5x + 2y = 170×3.76
5 (170 – y) + 2y = 639.2
850 – 5y + 2y = 639.2
-3y = 639.2 – 850
- 3y = -210.8
y = 70.26 or the 70
now insert 70 in x = 170-y.
x = 170 – 70
x = 100
Thus, the quantity of high-quality coffee been is 100 and cheaper coffee bean is 70.
The Federal Open Market Committee is comprised of A. the seven members of the Board of Governors plus five of the twelve Federal Reserve Bank presidents. B. the five members of the Board of Governors plus the twelve Federal Reserve Bank presidents. C. the seven members of the Board of Governors plus the twelve Federal Reserve Bank presidents. D. the five members of the Board of Governors plus seven of the twelve Federal Reserve Bank presidents.
Answer:
A. the seven members of the Board of Governors plus five of the twelve Federal Reserve Bank presidents.
Explanation:
The Federal Reserve Bank commonly known as "The Fed" is the central bank of the United States of America.
The Federal Open Market Committee under the Federal Reserve Bank is comprised of the seven members of the Board of Governors plus five of the twelve Federal Reserve Bank presidents.
The Federal Reserve System (the 'Fed) was created by the Federal Reserve Act, passed by Congress in 1913. The Fed began operations in 1914. It was founded by President Woodrow Wilson under the Federal Reserve Act, which was aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
- Controlling the issuance of currency in United States of America (it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets).
- Providing banking services to all the commercial banks in the country (the Federal Reserve is the "lender of last resort).
- Regulating banking activities (it has the power to supervise and regulate banks).
You see a shirt you really like but it costs $50.00 and you cannot afford it right now. You see one on eBay that is exactly the same for $19.99 plus $1.50 in shipping. What percent are you saving off of the original in-store price if you buy the shirt on eBay? Please show your work. PLEASE HELP ASAP
Total cost of the shirt from
eBay is the price of the shirt plus the shipping:
19.99 + 1.50 = $21.49
Find the cost difference:
50 - 21.49 = $28.51
Divide the cost difference by original price:
28.51/50 = 0.5702
Multiply by 100 to get percent:
0.5702 x 100 = 57.02%
Answer: 57.02% ( you can probably round the answer to 57%)
what is business operation scheme model?
it's your answer pls mark me brainleast
it may help you
The investment approach of one of T. Rowe Price's mutual funds is: "Reflecting a value approach to investing, the fund will seek the stocks of companies whose current stock prices do not appear to adequately reflect their underlying value as measured by assets, earnings, cash flow, or business franchises." This fund is a(n):
Answer:
Active fund
Explanation:
Active funds refer to the fund in which the expertise and a lot of research are required with respect to whether the investment should be hold or not. It could be changed in terms of performance, and the market conditions
Therefore according to the given situation, since the current stock price do not display the underlying value with respect to the assets, earnings, cash flow, etc
So this represents the active fund
On January 1, 2018, Benbrook Company purchased equipment and signed a six-year mortgage note for $160,000 at 15%. The note will be paid in equal annual installments of $42,278, beginning January 1, 2019. Calculate the balance of Mortgage Payable after the payment of the first installment. (Round your answer to the nearest whole number.)
Answer:Balance of the mortgage payable after first installment = $142,000
Explanation:
Interest Expense of First Installment = Principal x Interest Rate
= $160,000 X 15% = $24,000
Principle amount of the installment=Total annual installment−Interest of the first installment
=$42,278 −$24,000 =$18,278
Balance of the mortgage payable= Opening mortgage payable balance
−Principle amount of the first installment
=$160,000 - $18,278
=$141,722 rounded up to $142,000
If you perceive that the costs and rewards are balanced between you and your partner, you are more likely to be satisfied with your relationship.
a. True
b. False
A company has $102,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts. Experience suggests that 6% of outstanding receivables are uncollectible. The current balance (before adjustments) in the allowance for doubtful accounts is a(n) $920 debit. The journal entry to record the adjustment to the allowance account includes a debit to Bad Debts Expense for:
Answer:
$7,040 credit
Explanation:
Based on the scenario being described, the journal entry would be a $7,040 credit. This can be calculated by accounting for the desired balance in allowance account which would be the outstanding account receivable times the uncollectable percentage in decimal form (0.06) like so...
$102,000 × 0.06 =$6,120 credit
Finally, 920 is debited to that amount which sums it up to $7,040 credit ($6,120 + 920 )
Two years ago, a customer purchased 1,000 shares of ABC stock at $45 per share. The stock has appreciated in value and is currently worth $60,000. The company announces that it is spinning off a subsidiary, DEF, to its shareholders. The value of the new company being spun off equals 5% of the old company. The customer will have:___________
Answer:
Explanation:
Spin off can be defined as the splitting of the shares of an existing company in order to form an independent new entities as part of larger business.
In calculating the spill off value of a business ,the aggregate cost of the business is used and not the aggregate cost.
Workings
Shares stock acquired = 1,000
initial share price = $45
Total share value = 45*1000=45,000
Percentage split off to DEF= 5%
Value split off = 5%*45,000 =2,250
Percentage retained in ABC = 95%*5,000
=42,750
After listening to her boss's instructions regarding completion of the project, Angelica said, "Let me make sure I've got this straight. You need this project completed by the 15th of the month so we can go over it and make any changes before our meeting with the client on the 17th. Is that correct?" This is an example of _____.
Answer:
Paraphrasing
Explanation:
What Angelica did by making these statements and asking her boss these questions is called paraphrasing. She did it to gain clarity on what her boss already said or discussed.
When paraphrasing one would use different words to express the meaning of something for clarity on what is being discussed. It is simply a way of restating spoken words or written words using your own words.
Suppose that when a monopolist produces 25 units, its average revenue is $8 per unit, its marginal revenue is $4 per unit, its marginal cost is $4 per unit, and its average total cost is $9 per unit. Total xed costs are $75. what can we conclude about this monopoly?
Answer:
the monopolist is maximizing its accounting profits
Explanation:
A monopolist (as well as every other type of business) will maximize its accounting profits when marginal revenue = marginal costs. That doesn't mean that it will actually make a profit, in this case net profit = $0
total revenue = 25 units x $8 = $200total costs = 25 units x $9 = $200 ($125 variable and $75 fixed)net profits = $0But it means that at that point it will minimize its losses.
Match the ICS Functional Areas with their descriptions.
a. Incident Command
b. Operations
c. Planning
d. Logistic
e. Finance/Administration
f. Intelligence/Investigation
1. Supports the incident action planning process by tracking resources, collecting/analyzing information, and maintaining documentation.
2. Sets the incident objectives, strategies, and priorities, and has overall responsibility for the incident.
3. Ensures that all intelligence/investigations operations and activities are properly managed, coordinated, and directed.
4. Conducts operations to reach the incident objectives. Establishes tactics and directs all operational resources.
5. Monitors costs related to the incident. Provides accounting, procurement, time recording, and cost analyses.
6. Arranges for resources and needed services to support achievement of the incident objectives.
Answer:
1. Planning.
2. Command.
3. Intelligence/Investigation.
4. Operations.
5. Finance/Administration.
6. Logistics.
Explanation:
ICS is an acronym for incident command systems and can be used for planned events, as well as for emergencies and coordinated responses in various circumstances or organizations.
The five (5) major functional areas of the incident command system (ICS) are;
1. Planning: Supports the incident action planning process by tracking resources, collecting/analyzing information, and maintaining documentation.
2. Command: Sets the incident objectives, strategies, and priorities, and has overall responsibility for the incident.
3. Intelligence/Investigation: Ensures that all intelligence/investigations operations and activities are properly managed, coordinated, and directed.
4. Operations: Conducts operations to reach the incident objectives. Establishes tactics and directs all operational resources.
5. Finance/Administration: Monitors costs related to the incident. Provides accounting, procurement, time recording, and cost analyses.
6. Logistics: Arranges for resources and needed services to support achievement of the incident objectives.
If the Central Bank of Macroland puts an additional 1,000 dollars of currency into the economy, the public deposits all currency into the banking system, and banks have a desired reserve/deposit ratio of 0.10, then the banks will eventually make new loans totaling ______ and the money supply will increase by _______.
a. 9,000; 10,000
b. 9,000; 9,000
c. 10,000; 9,000
d. 10,000; 10,000
Answer:
a. 9,000; 10,000
Explanation:
The computation is shown below:
The money multiplier is
= 1 ÷ 0.10
= 10
Now If $1,000 are deposited in banks and the expected reserve ratio is 0.10 ration so the lending amount is $900.
And now if we considered the money multiplier, so it would be increased by
= $900 × $10
= $9,000
And, the increase in money supply is
= $9,000 + $1,000
= $10,000
Hence, the correct option is a.
what influences the costumer when she or he is deciding whether to buy a product
Answer:
Price
Explanation:
While there could be more than one factor that influences a customer's decision to buy a product, the underlining factor that has the most weight with regards to decision making is the price.
If a customer wants to buy a jacket that costs $4.99 and sees another store selling a jacket of the same quality or even less quality at $3.50, he is likely to buy the cheaper one in order to save some extra cash. It is linked with the purchasing power of the customer.
Which of the following is NOT a useful strategy when making an informed purchase?
1.Compare your option to similar products.
2.Calculate the unit price of the product.
3.Read the online reviews of the product and ask trusted friends who use it.
4.Purchase a product based on a social media influencer.
Define, and identify the differences between a real estate broker, real estate associate broker, and real estate salesperson.
Answer:
Real estate broker: Attempts to arrange and mastermind land exchanges. This authorized individual has day by day obligations that incorporate composing contracts and managing exchanges for deals and buying exercises on homes, land and business properties.
real estate associat broker: A dealer partner is an individual authorized as a land representative, yet who works in the limit of a sales rep for another mindful agent or enterprise.
real estate sales person: A salesperson helps home purchasers, dealers, or both complete home deal exchanges. Land salespersons are commonly independently employed, yet should work with a land handle and be authorized in the state in which they work.
If a for-profit firm that has paid out record bonuses to its executive every year while underfunding contributions to unionized workers' pensions required under the collective agreement then attempts to reduce workers' pension entitlements, the union members will most likely
Complete Question:
If a for-profit firm that has paid out record bonuses to its executive every year while underfunding contributions to unionized workers' pensions required under the collective agreement then attempts to reduce workers' pension entitlements, the union members will most likely
Group of answer choices
A. enter into collective bargaining.
B. be unable to defend against this action.
C. take defensive strike action.
D. receive higher wages instead.
Answer:
C. take defensive strike action.
Explanation:
If a for-profit firm that has paid out record bonuses to its executive every year while underfunding contributions to unionized workers' pensions required under the collective agreement then attempts to reduce workers' pension entitlements, the union members will most likely take defensive strike action.
A for-profit firm can be defined as a business entity that is solely focused on making or earning profits rather than public interests.
In this scenario, the union members (workers) have been denied their pension benefits and even attempts to reduce the amount. Thus, to express their displeasure and reservations to the unsatisfactory behavior of the for-profit firm, the union members will most likely take defensive strike action such as protest so as to defend their common interests.
Rovermand Corporation is a small organization in which each member of the company is clear about his or her responsibility and whom he or she must report to. The best feature of the organization is the quick decision making, owing to its simple and direct chain of command. In the context of organization models, Rovermand Corporation is a _____ organization.
Answer: Line
Explanation:
Line organization is defined as an organization where the basic framework for the organization is well spelt out, addressing the roles of the employees, from the top to the least, and to whom each reports to. It is the simplest and oldest pattern for organization framework and it's also known as chain of command or scalar principle. Rovermand Corporation operates in a line organization pattern.
A broker arrives to present a purchase offer to a disabled woman and finds her son and his wife also present. In the presence of the broker, both individuals persistently urge the woman to accept the offer, even though it is much lower than the price she has been asking for her home. If the woman accepts the offer, she may later claim that
Answer:
she was under undue influence from her son and daughter in law and therefore the contract is voidable
Explanation:
Since in the question it is mentioned that the broker made a purchase offer to a disabled woman also his wife and her son are present. The price is very much lower and in the case when the women accept the offer and later she said due to pressure she accepted the offer.
As she is a disabled person and the people who are disabled, blind, are not capable to enter into a contract
Therefore the contract is voidable
Creative Advertising Corp. wants its 100 employees to work together around specific clients yet maintain an equal emphasis on alignment with their skill specializations (advertising, graphics, copywriting and public relations). Which of the following organizational structures would work best for Creative Advertising Corp?
A) Geographical divisional structure
B) Simple structure with client-based divisional structure
C) Network structure
D) Client-based divisionalized form
E) Matrix structure that overlays project teams with a functional structure
Answer:
E) Matrix structure that overlays project teams with a functional structure
Explanation:
A matrix organization structure is the company structure in which there are dual reporting relationship i.e. one is the functional manager and the other one is a product manager
Since in the question it is mentioned that Creative Advertising Corp wants to work with the 100 employees in order to maintain an equal balance with the skills, knowledge, specialization.
So option e is the correct one
Candidates for depth interviews could include a. current customers. b. members of the target market. c. executives and managers of the company. d. All of these are candidates for depth interviews.
Answer: d. All of these are candidates for depth interviews.
Explanation:
Depth interview is a research technique which is qualitative and involves conducting individual interviews which are very intense with the respondents in order to have their idea regarding certain topics or issues.
Candidates for depth interviews could include current customers, members of the target market and the executives and managers of the company. Therefore, all of these are candidates for depth interviews.
what are different risks a business can face?
Answer:
businesses can face financial risks, reputational risks, strategic risks, operational risks and compliance risks
Steve Jobs of Apple was known as a perfectionist. "My job is not to be easy on people," he said. "My jobs is to take these great people we have and to push them and make them even better." Apple probably looks to hire people who are innovative and:________.a. detail-oriented. b. aggressive. c. people-oriented.
Answer: detail oriented
Explanation:
From the analysis made in the question, we can deduce that Apple probably looks to hire people who are innovative and detail-oriented.
A detail oriented person pays attention to every little details and tries as much as possible to avoid mistakes and is very close to being described as a perfectionist.
Racquel deposited $40,000 in an account paying 4.8% annual interest in 2009. She now wants to make four equal annual withdrawals from the account starting with the first withdrawal in 2021. Racquel also wants to have exactly $60,000 left in the account in 2026. How large can each of the annual withdrawals be?
Answer:
the annual withdrawals must be $2,006.49.
Explanation:
First determine how much the $40,000 would be at the end of 2020 that is 7 years following the investment as follows :
PV = - $40,000
r = 4.8%
Pmt = $0
P/yr = 1
n = 7
Fv = ?
Using a Financial Calculator, the $40,000 will be $55,537.84 in 7 years time.
The next step is to determine the annual withdrawals that will result in $60,000 left in 6 years.
PV = - $55,537.84
r = 4.8%
P/yr = 1
n = 6
Fv = $60,000
Pmt = ?
Using a financial calculator, the annual withdrawals must be $2,006.49 for Racquel to achieve her goals.