In order for the bank reconciliation to balance, you must add $90 to the bank statement balance - True
A bank statement is a document that is delivered by a bank at the end of the month, detailing the balance of our accounts as well as any transactions that have occurred. Usually, the bank automatically withholds and processes the fees from the bank account. Therefore, any costs deducted from the account must be recorded by creating a journal entry when creating a bank reconciliation statement.
In the bank reconciliation statement, Interest earned is another factor that needs to be adjusted. In the example, the bank mistakenly charged $342 as $432, so the balance will be corrected by adding $90 to ensure that the final accounts are accurate.
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7. what is nash equilibrium of this price-setting game? a. grocery store 1: low price grocery store 2: lowprice b. grocery store 1: low price grocery store 2: highprice c. grocery store 1: high price grocery store 2: lowprice d. grocery store 1: high price grocery store 2: highprice
A situation known as "nash equilibrium" in game theory is one in which, after taking into account the strategy of the opponent, a player will continue with their chosen strategy without any incentive to alter it.
In this game about cleaning a dorm room, what is the Nash Equilibrium?
consumers will pay less. The fact that oligopolists have incentives to increase production above the monopoly outcome despite the fact that the monopoly outcome is advantageous to them demonstrates the paradoxical nature of oligopoly.
What is Nadia's most effective tactic?
Depending on Maddie's decision, Nadia has two dominant strategies: Clean and Don't Clean.
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which accounting type allows for accounts receivable (ar) to be recorded at the time of service delivery rather than
Accounting type that allows for Account Receivable (AR) to be recorded at the time of service of delivery rather than when the money is received called Accrual Basis of Accounting.
Accrual Basis of Accounting is one of 2 basis on accounting which records revenues when earner and expenses as it incurred. This approach does not relay on the cash existence in every transaction. This approach will impact the balance sheet because the receivable or payables would be recorded even in the absence of a related cash receipt or payment.
Accrual Basis of Accounting provides more accurate picture of the company's performance and finances. Decision making process could be easily done because this type of accounting allows company to predicts the future condition and long-term of their financial statement.
However, doing accrual basis of accounting maybe confusing because we not only have to focus on our invoices but also on the company's bank accounts. The company may also be taxed by the services or works they've not been paid for.
Another type of accounting is Cash Basis of Accounting. Cash Basis of Accounting recognizes every transaction based on the existence of the cash receipt or payment. Cash basis of accounting will only record and recognize income and expenses when money do change hands.
Cash Basis of Accounting is more simple and show clearly about the amount of money on hand. A company who is using this kind of accounting type only have to pay tax based on the money they have received.
However recording the transaction mainly based on the cash movement is not accurate. Some works may have been done but not yet received the payment, or many expenses and bills may already take place but haven't been paid. When making management decision, this type of accounting could hinder the decision making process because the company only have a day-to-day finance informations.
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which of the following statement is correct? select one: a. errors in the sales budget only affect the revenue side of the business. b. errors in the sales budget affect both the revenue and expense sides of the firm. c. by definition there can be no error in the sales budget. d. all of these. e. none of these.
The firm's revenue and expense sides are both impacted by errors in the sales budget. Hence, the correct choice of answer for this question is option (b).
Give a brief account on sales budget.A planning tool that enables businesses to manage resources and earnings based on anticipated sales is the sales budget. In order to give each department a comprehensive understanding of their financial status, it takes into account historical sales trends and budgets for comparable time periods. Businesses may now accomplish their goals and boost profits more successfully. Setting realistic goals depends heavily on the sales budget. Budgets for sales are essential for controlling costs and establishing targets. Teams advance when they collaborate to achieve growth, even if it's just a simple 1% boost in sales productivity, thanks to clear, precise targets. A sales budget and sales forecasting, which involves predicting future sales revenue, are two different things.
Before beginning your strategy, make sure your components are ready and correct before getting into sales forecasting or budget preparation.
A sales budget consists of :
Income statement: Contains the company's net income and provides a broad financial analysis of how the business is faring.For a specific budgetary period, a balance sheet summarizes a company's liabilities, assets, and equity.Cash received and cash spent for a specific budgetary period are reported in the cash flow statement.Once you've gathered these three documents, you're prepared to create your sales budget.
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a stock just paid a dividend of $5.69 and is expected to maintain a constant dividend growth rate of 4.2 percent indefinitely. if the current stock price is $85, what is the required return on the stock?
The annualized rate pace of development that a specific stock's profit encounters over the long run is known as the profit development rate. Many established businesses aim for regular dividend increases.
The required return is equal to (D1/Current price) plus the growth rate, which is equal to [(5.69*1.042)/85] plus 0.042.
How is the constant dividend growth rate determined?P = D1 / (r - g) is the Gordon Growth Model formula, where:
P is the current stock price.
D is the dividend amount for the following year.
g is the anticipated constant rate of dividend growth over time.
r is the required return rate.
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the following budgeted information relates to green power inc.: cost of goods manufactured $3,000 cost of goods available for sale $3,150 beginning finished goods inventory $125 ending finished goods inventory $200 what amount of cost of goods sold will be reported on the budgeted income statement by green?
Green's cost of goods sold will be reported on the budgeted income statement as $2,925.
A budgeted income statement (also known as a budget income statement) is a document that estimates and evaluates a company's revenue and expenses. It's a planning tool many businesses use at the start of the fiscal year to develop and finalize their annual budgets. These statements assist companies in making better decisions and allocating resources appropriately, ensuring that they are as prepared for the future as possible.
A budgeted income statement focuses on projections for the coming year or another time period. Some businesses may divide this financial report into smaller monthly or quarterly sections for a more granular assessment. To create this statement, you must forecast and estimate all revenue and expenses.
These estimated figures are frequently included in a budget income statement:
Net sales Gross profitProfit after taxesIncome taxationBefore-tax earningsFor more information on the Budgeted Income statement, visit :
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consider pacific energy company and atlantic energy, inc., both of which reported earnings of $790,000. without new projects, both firms will continue to generate earnings of $790,000 in perpetuity. assume that all earnings are paid as dividends and that both firms require a return of 11 percent. what is the current pe ratio for each company? pacific energy company has a new project that will generate additional earnings of $175,000 each year in perpetuity. calculate the new pe ratio of the company. atlantic energy has a new project that will increase earnings by $350,000 in perpetuity. calculate the new pe ratio of the firm.
a) PE ratio = 9.09 times
b) PE ratio = 11.10 times
c) PE ratio = 13.12 times
a) as this is a case of perpetuity with no growth rate
PE ratio for each company = 9.09 times
Explanation: Please refer to the solution in this step.
b) if pacific energy has additional earnings of 175,000
PE ratio = 11.10 times
Explanation: Please refer to the solution in this step.
c) if Atlantic energy has additional earnings of 350,000
PE ratio = 13.12 times
Explanation: Please refer to the solution in this step.
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How does financial planning help individuals?
Financial planning helps individuals to make smart
A. investments
B. insurance
C. Infrastructure
and save taxes.
A competent financial advisor will always advise their clients to
A. quantify
B. combine
C. diversify
their portfolio to reduce risks.
what term refers to extra markup to the schedule of values (sov) items completed early in the project?
Front-loading refers to extra markup to the schedule of values (sov) items completed early in the project.
Contractors will front load in an effort to counteract any negative effects on cash flow. This might be as a result of aggressive retention policies, making up for upfront material and mobilization costs, or lowering the risk of a slow-paying client.
The construction sector relies heavily on borrowing. In other words, services are typically paid for long after they have been truly done. By charging a little bit more up front, you can make enough money to last through the (often long) period between payments.
Front-loading a job by a contractor or subcontractor isn't inherently unethical or even bad taste if done within limits. However, purposely overbilling clients or charging for services not yet rendered is a surefire way to end relationships and potentially get you in legal trouble.
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one of the last padgett beale campgrounds that used a telephone reservation and cash only process has decided to accept credit cards through the use of a portable credit card reader service (e.g. square) through a smart phone. what are the risks to the campground?
One of the last padgett Beale campgrounds that used a telephone reservation and cash-only process the loss of the phone will result in the theft of customer information.
When two or more users are too far apart to hear each other clearly directly, they can communicate by using a telephone, a telecommunications device. A telephone converts sound—typically and most effectively the human voice—into electronic signals that are sent via cables and other communication channels to another telephone, which reproduces the sound for the user on the receiving end. In India, the reservation system is an example of affirmative action that gives historically underrepresented groups representation in government programs, banking, health, insurance, higher education abroad, and politics. reservation a qualm or feeling that you do not fully concur with something: I still have concerns about her ability to perform the job.
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A firm producing a good is more likely to have which set of the following characteristics compared to a firm providing a service?.
A firm producing a good is more likely to have the following characteristics in comparison to a firm providing a service: Objective quality standards, tangible product and located away from customers
A firm that provides a service will have to visit the customers when they order a service. Hence they will be located closer to customers. On the other hand, a firm that produces goods will not require to be present close to the customers. This is because the goods produced are sent to markets where they are available to customers for usage.
A firm that is producing goods will have set objectives for meeting quality standards. If the quality standards are not met, then the product quality will be influenced.
Normally, goods that are produced by firms are tangible products whereas services may or may not be tangible.
Although a part of your question is missing, you might be referring to this question:
A firm producing a good is more likely to have which set of the following characteristics compared to a firm providing a service?
- extra services
-tangible product
-Objective quality standards
- located away from customers
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the market structure where there are so few sellers that each one needs to watch what the others are doing is referred to as
The market structure where there are so few sellers that each one needs to watch what the others are doing is referred to as Oligopoly market.
Market structure is the way industries are classified and differentiated based on their competition for products and services.
There are 4 types of Market Structure:
Monopolistic competitionOligopolyMonopolyPerfect competitionMonopolistic Competition is a market where there are many producers offering similar but not identical products. In this market, decision of one producer will not directly affecting other producers. Eventhough the products offered in this market is similar, but they are not perfect subtitution for another.
Oligopoly is a market where many small producers are offering similar products to the market. Those small producers are controlling he majority of market share together. In this market, a decision made by one producer could affecting other producers.
Monopoly is an economy in which a producer is dominating the market. This producer is owning the whole market share and controlling the prices. This type of market is usually happened for critical products such as gasolilne and electrics.
Perfect competition is a market structure with many producers and many buyers in it. All of producers have similar small market share and they don't have any power to control the prices. The price in this market is defined by the equilibrium point of the supply and demand curve.
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carlito is considering the purchase of a new lawnmower for his home. he has a few options in mind and begins evaluating them in terms of price, warranty, and service. these components can best be described as part of the
He has a few options in mind and begins evaluating them in terms of price, warranty, and service. These components can best be described as part of the Product part .
What is a Warranty?
A warranty is a promise that a producer or other similar entity makes about the state of their product. It also refers to the conditions and circumstances under which fixes or exchanges will be provided in the event that the product does not perform as originally intended or stated. Typically, warranties feature exclusions that restrict the circumstances in which a manufacturer is required to fix a defect. For instance, many home appliance warranties only cover the equipment for up to a year after the date of purchase. In general, they are only covered if the product has issues because of subpar materials or poor workmanship. Numerous vendors provide extended warranties as a result of the constrained manufacturer warranties. Extended warranties are essentially paid-for product insurance packages.To know more about Warranty visit:
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If student loans are such a problem, why do you think so many students borrow money?.
Students borrow money although student loans are such a problem because college tuition has grown a lot faster than income. They don't have the money needed to continue their education, therefore needing to take a loan.
A student loan is a loan a student took to pay for higher education expenses, such as tuition, supplies, books, and living expenses. In the U.S., college costs (and all its related expenses) are getting very expensive at a much faster rate than income, especially compared to other wealthy countries that have subsidized education. Most people who took student loans for their higher education are having difficulties in saving, which result in them hardly being able to afford a house. They are also less likely to take out car loans.
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a firm's (fill in the blank) determines how the work efforts of individuals and teams are orchestrated and how resources are distributed.
A firm structure determines how the work efforts of individuals and teams are orchestrated and how resources are distributed.
What do you mean by Firm structure?
A firm structure can be defined as the system that shows how certain activities are directed in order to achieve the goals of an organization. A firm has certain basic features including profitability, asset structure, liquidity, business risk, growth and size and three economic factors including interest rate and inflation.
The core factors in which the structure is laid down are Entrepreneurial Skill,Managerial Ability Availability of Finance, Availability of Labour, Nature of Business, Extent of the Market.
There are various kind of firm structure
Functional Divisional GeographicMatrix.Therefore, a firm structure determines how the work efforts of individuals and teams are orchestrated and how resources are distributed.
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if a listing sales associate shows a property to a ready, willing and able buyer what is he not permitted to do?
The listing sales representative is prohibited from:
give the purchaser erroneous or misleading information regarding the property
omit important details about the property
inspire the purchaser to submit a bid that is not in their best interests
assets refer to both the set of rights that furnish people prison authority over precious items as well as the real treasured gadgets themselves. relying on the assets' nature, the owner can be able to devour, regulate, share, redefine, hire, mortgage, pawn, sell, exchange, transfer, deliver away, or even abandon the belongings; but, regardless of the belongings' nature, the owner is usually entitled to apply the belongings in accordance with the granted belongings rights.
The primary unit of possession is recorded within the land books, land registers, or equivalent. it is described through unique ownership and homogeneous real property rights and may encompass one or more adjacent or geographically separate parcels.
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the entry that includes a debit to allowance for doubtful accounts and a credit to accounts receivable is a(n) . multiple choice question. adjusting entry to allow for estimated bad debts net realizable entry to report the amount expected to be collected write-off of a specific customer's account subsidiary entry to increase a customer's account for credit sales
The entry that includes a debit to allowance for doubtful accounts and a credit to accounts receivable is "adjusting entry to allow for estimated bad debts''.
In the accounts, the purpose of the allowance for doubtful accounts is to estimate how many customers out of the 100 will not pay the full amount they owe and to see exactly how payments work out, the company will debit a bad debt expense and credit allowance for doubtful accounts.
To record adjusting entry for doubtful accounts are assuming that the allowance for doubtful accounts has a credit balance, subtract the amount of the credit balance from the amount estimated to be uncollectible to get the amount of the adjusting entry in the accounts.
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assume that medicare part b pays for 70% of the cost of a trip to your doctor. what is the name of the policy that may pay the remaining 30% of the approved medical costs?
The name of the policy that may pay the remaining 30% of the approved medical costs is a supplemental insurance policy.
A different form of insurance aids in covering medical expenses not covered by a person's primary health insurance plan. Copayments, coinsurance, and deductibles are some of these expenses. Supplemental health insurance comes in many various forms, such as vision, dental, hospital, accident, disability, long-term care, and Medicare supplemental policies.
Additional health insurance plans are also available for certain ailments, such as cancer, stroke, or kidney failure. Other costs associated with an illness or injury may also be covered by some supplemental health insurance policies, including those for lodging, meals, travel, and other necessities.
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if a car manufacturer pays $200 for a windshield, $400 for tires, $100 for a car stereo, and sells cars made with these components for $20,000, then each car they produce adds how much to the gdp?
Each car they produce adds $20,000 to the GDP.
What is GDP ?Gross Domestic Product (GDP) is the total monetary value or market value of all finished produce and services produced within a country in a given period of time. As a broad measure of GDP, it serves as a comprehensive scorecard for the economic health of a given country. GDP is usually calculated on an annual basis, although it is sometimes calculated on a quarterly basis. For example, in the United States, the government publishes annual GDP estimates for each fiscal quarter and calendar year.Each record included in this report is on an actual basis.In other words, the data is adjusted for price changes and therefore inflation.To learn more about GDP from the given link :
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(02.02 mc) some americans prefer a single income tax rate because it (5 points) group of answer choices is easier to calculate would increase the government's revenue means everyone would pay the same income percentage in taxes it would reduce the percent of income poorer families pay in income taxes
Tax systems come in three basic varieties. Higher levels of income are subject to higher tax rates under a progressive tax system. On the other hand, in regressive tax systems, higher levels of income are subject to lower tax rates. Lastly, in a system with a flat tax, you pay the same tax rate on all income levels.
Which three kinds of tax systems exist?A progressive tax is one that taxes more of a person's income from people with higher incomes than from people with lower incomes. A proportional tax is one that imposes the same tax on all income groups. regressive tax: A tax that takes a larger share of income from groups with lower incomes than from groups with higher incomes.
What is a system of tax rates?
The percentage at which a person or business is taxed is known as a tax rate.The federal government as well as many of the states in the United States employ a progressive tax rate system, in which a person's or entity's taxable income is multiplied by the percentage of tax that is levied.
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a change in the money supply will change investment when group of answer choices the money supply is a function of the price level. investment is interest-sensitive. investment depends only on the level of gdp. investment is interest-insensitive.
The quantity of money that is in circulation at a given time is referred to as the money supply. Due to the connection between money and macroeconomic variables like inflation, changes in the supply of money are closely monitored.
Right response: D
An asset that is bought with the intention of earning money in the future is called an investment. When the investment is interest-sensitive, fluctuations in the money supply will alter the investment.
What are the various types of money supply?The term "money supply" refers to both the amount of money that can be included in an economy and the amount of money that is available to a nation's population. There are two components that make up the money supply: banks' demand deposits and currency. There are two ways the currency is made: coins and paper money.
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what is the present value of 6 recipts of 3090 each recivied at the beginning of each period, discounted at 9% compunded interest?
The present value of annuity due is $1030.
What is annuity?A series of payments made at regular intervals constitute an annuity in the world of investments. Annuities include regular contributions to a savings account, recurring payments for a mortgage or rent, insurance premiums, and pensions. By how frequently payment dates occur, annuities can be categorized. Payments (deposits) may be made on a weekly, monthly, quarterly, annual, or other regular basis. By using mathematical operations referred to as "annuity functions," annuities can be estimated.
A life annuity is a type of annuity that guarantees payments for the rest of the owner's lifetime. An immediate annuity pays out at the end of each payment period, allowing interest to accumulate between the time of the annuity's issuance and the first payment.
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conversion to an e-commerce or m-commerce system enables organizations to increase the accuracy of order processing and order fulfillment. group of answer choices true false g
Conversion to an e-commerce or m-commerce system enables organizations to increase the accuracy of order processing and order fulfillment is true.
What is e commerce?
The action of electronically purchasing or reselling goods using online services via the Internet is known as e-commerce (or electronic commerce). Mobile commerce, electronic funds transfers, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data gathering systems are just a few of the technologies that are used in e-commerce. The greatest sector of the electronics industry, e-commerce is fueled by the technological developments of the semiconductor sector.
The word was created and used for the first time by Dr. Robert Jacobson, Principal Consultant to the Utilities & Commerce Committee of the California State Assembly, in the 1984 law's title and text. It was sponsored by the late Gwen Moore (D-L.A.), the committee's chairwoman.
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joan is concerned about her company's liquidity. of the following parts of the balance sheet, which would provide her with the information she needs? a.) equity b.) current assets c.) calculate the total liabilities d.) non-current assets
(b)Current assets of the company will give the information required by Joan.
A financial statistic called a liquidity ratio is used to assess a company's capacity to settle its short-term loan obligations. The statistic aids in figuring out if a business can use its liquid, or current, assets to pay its current liabilities.
The current ratio, quick ratio, and cash ratio are the three liquidity ratios that are most frequently utilized. The amount of current liabilities is put in the denominator of the equation for each liquidity ratio, and the amount of liquid assets is put in the numerator.
Ratios above 1.0 are desired due to the ratio's structure, which places assets on top and liabilities at the bottom. With a ratio of 1, a business can fully cover all of its current liabilities with its cash on hand.
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Which economic measure is the percentage of people in the labor force who are willing to work, are looking for work, but are unable to find work?.
The economic measure that is the percentage of people in the labor force who are willing to work, are looking for work, but are unable to find work is the unemployment rate.
In the field of economics, the unemployment rate can simply be described as the percentage of people in a place or country that are job hunting but cannot find a job. Such people might be interested to work but may not be able to find a suitable job.
The unemployment rate is an economic measure that can affect the GDP of a country. For a country that has a high unemployment rate, the total output of the company will be low. Such a country will not have a stable economy as the major of the population is unemployed.
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suppose that bertie has 2000 hours available in the year. he earns a wage of $10 per hour. the government introduces a welfare program that provides $6,000 in benefits to anyone who is not working. the benefit is reduced by $1 for every $2 the individual earns in the labor market. what is the break even level of hours worked?
Break even time is the amount of time required for the discounted cash flows generated by using a undertaking to equal its preliminary cost.
For example, if it takes two years for a venture to generate $1,000 on a discounted basis to offset its $1,000 startup cost, the project's ruin even time is two years.
How do you calculate ruin even level?To calculate the break-even factor in devices use the formula: Break-Even factor (units) = Fixed Costs ÷ (Sales charge per unit – Variable costs per unit) or in sales bucks the usage of the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin.
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They should agree to work together to develop a plan to maximize their combined revenues and Profits.
In order for a business to succeed, profitability and expansion are essential. A corporation's financial survival depends on profit, not growth, in order to achieve long-term success and profit. It is important for investors to take into account each consideration in light of the individual company.
Financial institutions, investors, and shareholders can also provide capital to businesses that increase profitability. The production of profit may enable a business to continue operating even if it is currently not profitable.
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if policymakers impose import restrictions on clothing, the u.s. trade deficit will shrink. a. true b. false
True. When restrictions are imposed, the quantity of imports will decrease, resulting in a smaller trade deficit (the sum of the total value of imports and exports).
What is it called when import restrictions are imposed?
A tariff is a tax a nation imposes on goods and services imported from another nation in order to influence that nation, generate revenue, or safeguard its competitive advantages.
How do trade restrictions affect things?
Free trade can be hindered, rich nations favored, product choices restricted, prices increased, net income decreased, employment decreased, and economic output decreased as a result of trade barriers. Due to the government's strong influence over the law, it is often used as a trade barrier.
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in the seasonal and trend forecasting model, the seasons must be the same length. group of answer choices true false
The seasons must have the same length in the seasonal and trend forecasting model, which is untrue.
A season is a division of the year that is based on variations in weather, ecology, and the number of daylight hours in a particular place. Seasons on Earth are caused by the Earth's orbit around the Sun and its axial tilt relative to the ecliptic plane. Seasons are distinguished in temperate and polar regions by changes in the intensity of sunlight that reaches the Earth's surface, fluctuations of which drive animals to hibernate or migrate, and vegetation to become dormant. Various civilizations define the number and type of seasons depending on regional variances, and as a result, the number of seasons differs among present and historical cultures.
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z, inc. had net income after taxes of $3,000,000. it had 9,000 shares of stock outstanding at the beginning of the year and 12,000 shares at the end of the year. what are its earnings per share (eps)?
Earnings per share, or EPS, were $285.71.
What constitutes a high earnings per share?Stocks rated 80 or higher have the best chance of success. By repurchasing shares and reducing the total number of shares outstanding, the company can increase his EPS number. Therefore, a significant increase in revenue requires a significant increase in revenue.
EPS = Period-End Common Shares Outstanding / (Net Income - Preferred Dividends). For example, a company named XYZ has a net turnover of $1 million. The preferred dividend is $200 thousand and there are currently (on average) $400 thousand ordinary shares in issue. Earnings per share is calculated by dividing net income by average number of shares outstanding.
= $3,000,000 / ((9,000+12,000) /2)
= $3,000,000 / (21000/2)
= $3,000,000 / 10,500
= $285.71 per share
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the exchange value of a good or service (the value that an item can be exchanged for in the marketplace) is called
The exchange value of a good or service (the value that an item can be exchanged for in the marketplace) is called price.
A price is the amount of money that is (often not negatively) exchanged from one party to another in exchange for their goods or services. The cost of production may go by another name in some circumstances. If a product is classified as a "good" in a commercial exchange, its price is most likely to be referred to as such.
However, there will be alternative titles for this thing if it is a "service." For instance, the graph at the bottom will display various circumstances. Production expenses, the availability of the desired item, and consumer demand all have an impact on a good's pricing. A price may be set by a monopolist or imposed on the company by the market.
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