Explanation:
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A $100 petty cash fund has cash of $20 and receipts of $82. the journal entry to replenish the account would include a:_______
A $100 petty cash fund has cash of $20 and receipts of $82. the journal entry to replenish the account would include a debit to Cash Over and Short for $2.If a cashier or bank teller makes a mistake, such as giving too much or too little change, the business will conclude the day with "cash short" or "cash over" position.
When there is a shortage, the excess and short funds are recorded as debit. That indicates that we have given clients too much change. When there is an overage, however, excess and deficit in cash are recorded on credit.
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Which situation would normally involve long-term financing? multiple choice expanding current inventory paying workers' salaries funding unanticipated emergencies purchasing production equipment
The situation that would involve long term financing would be purchasing production equipment.
What is long term financing?This is the term that is used to refer to the type of expenses that are preplanned over a long period of time before they are carried out.
These are unlike the other types that may involve one to carry out expenses immediately like in the case of emergencies.
When new production equipment are needed, the person would have to plan for it for a period of time before they would go ahead to carry out the purchase of the product.
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When preferred stock is cumulative and the directors either do not declare a dividend to preferred stockholders or declare one that does not cover the total amount of the cumulative dividend, the unpaid dividend amount is called:
The unpaid dividend amount is known as dividend in arrears.
What is preferred stock?
Preferred stock entitles its holders to receipt of dividends before common stockholders and after the bondholders have received their interest payments.
What is cumulative preferred stock?
This has a edge over the ordinary preferred stocks since its holders are entitled to receive arrears of dividends, dividends not declared in a particular year or the shortfall in dividends, which means in future years they would receive that year's dividends plus any unpaid dividends in earlier years.
The amount of preferred dividends that could not be paid in a particular year because there is no cash available or that dividends were not declared are known as dividends in arrears.
Overall, the correct answer with which to fill the space in the case is dividends in arrears.
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Suppose that an MBA degree creates no externality because the benefits of an MBA are captured by the student in the form of higher wages. If the government offers subsidies for MBAs, then which of the following statements is correct
The statement is TRUE.
Suppose that an MBA degree creates no externality because the benefits of an MBA are captured by the student in the form of higher wages. If the government offers subsidies for MBAs. The equilibrium quantity of MBAs will be greater than the socially optimal quantity of MBAs.
MBA socially optimal quantity?The equilibrium quantity of MBAs will equal the socially optimal quantity of MBAs.
The condition that exists when the market is in equilibrium, or when Social Marginal Cost equals Social Marginal Benefit, is known as a social optimality condition in economics. Normally, the social optimality criterion is satisfied in the absence of externalities. When externalities are absent, equilibrium is reached and there is no market failure.
In this case, it is made very apparent that there are no externalities because the advantages of having an MBA solely increase the income of their owners. If there are no externalities, then the market for MBAs is in equilibrium If the government finances MBA programs, possibly through lower taxes, then only MBA holders will profit and others without an MBA will not. This suggests that the MBA market's equilibrium amount is higher than the socially optimal quantity since one sector of the economy (the MBA market) benefits more than the rest of the economy (equilibrium for the rest of the economy).
The statement is therefore, TRUE.
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The ease with which a financial security can be exchanged for money is referred to as?
Individuals, businesses, and financial markets are all impacted by financial liquidity. It is critical to comprehend what financial liquidity is, how to evaluate it, and why it is significant as each group tries to acquire and sell products. Take into account all of your possessions.
Your best shirt or the food in your refrigerator are two items you may be able to sell immediately. A unique painting of your family or a rare valuable coin may be a little more challenging. Liquidity describes the ease with which anything can be bought or sold. Stocks and bonds are particularly liquid assets since they may be turned into cash in a matter of days.
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For an economist, the cost of something is:
For an economist, the cost of something is: cost is the measure of the alternative opportunities foregone in the choice of one good or activity over others.
In general terms, the monetary value of goods and services purchased by producers and consumers. In a basic economic sense, cost is a measure of alternatives that are abandoned when choosing one product or activity over another.
These basic costs are commonly referred to as opportunity costs. For example, for fixed-income consumers, the opportunity cost of buying a new home appliance can be worth the missed vacation trip.
Traditionally, the cost is related to the relationship between the value of production input and the production level. Total cost refers to the total expenditure required to achieve a certain level of output. Divide this total cost by production to get the average cost or unit cost.
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If business risk decreases for Megabucks, Inc., the P/E will __________, other things the same. a. increase b. stay the same c. decrease d. increase or decrease but not stay the same
If business risk decreases for Megabucks, Inc., the P/E will option(a) i.e, increase other things the same.
What do you understand by business risk?Business risk is the potential for a firm or organization to have lower earnings or failure. Business risk is anything that compromises a company's capacity to meet its financial objectives. Numerous variables may combine to produce business risk.
Every organization should consider these five forms of business risk as part of their strategy and planning process:
Risks associated with security and fraud, compliance, operations, financial or economic risk, and risk associated with operations.Risk to reputation.Damage from fire, flood, or other natural disasters is a few examples of hazards based on uncertainty. the sudden financial loss brought on by a recession or the failure of another company that owes you money. loss of significant customers or suppliers. reduced market share.
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The marginal benefit of a taco is measured by:
Answer:
the price of the.
Explanation:
the amount of another good a person is willing to give up to get one more taco. the amount of another good a person must give up to get one more taco
The two most basic inventory questions answered by the typical inventory model are:.
The two most basic inventory questions answered by the typical inventory model are order time and order quantity.
What is the Inventory model?Corresponds to a metric that organizations use to control stock, determining the level needed to effectively meet production, raw materials and order demands, in order to identify how much stock is necessary for the flow of organizational processes occur optimally.
Therefore, it is essential that inventory management is analyzed, organized, controlled and reviewed in accordance with organizational objectives and goals.
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Lillian loaned A.J. $10,000 and increased her purchasing power by $200 when A.J. repaid the loan a year later. Deflation of 2% also occurred that year. What nominal interest rate did Lillian charge A.J.
The nominal interest rate did Lillian charge A.J. is 0%.
What is the interest rate?The amount of interest due every period as a percentage of the amount lent, deposited, or borrowed is referred to as the interest rate (called the principal sum). The total interest on a lent or borrowed amount is determined by the principal amount, the interest rate, the compounding frequency, and the length of time it is lent deposited, or borrowed.The annual interest rate is the rate over a one-year period. Other interest rates are applicable over different time periods, such as a month or a day, but they are typically annualized.As it is purchasing power was increased by $200.
$200 is 2% of $10,000.
Since deflation is 2%.
Therefore, the nominal interest rate did Lillian charge A.J. is 0%.
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A monopolist maximizes profits at the output at which Group of answer choices total revenue is at its greatest, assuming that the firm has both fixed and variable costs. price equals marginal cost. price exceeds marginal cost by the greatest amount.
A monopolist maximizes profits at the output at which marginal revenue equals marginal cost.
Who is a monopolist?It should be noted that a monopolist simply means an individual that controls the sale of a particular good in the market.
In this case, a monopolist maximizes profits at the output at which marginal revenue equals marginal cost.
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A monopolist maximizes profits at the output; a Monopolist maximizes profit by equating MR and MC. Option C. This is further explained below.
What is Monopolist?Generally, a Monopoly refers to a business or person that dominates and controls a market for a certain product or service.
In conclusion, In order for a monopolist to maximize profits, the production must be equal to the profit.
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According to classical macroeconomic theory and monetary neutrality, changes in the money supply affect?
According to classical macroeconomic theory and monetary neutrality, changes in the money supply affect the GDP deflator
A measure of inflation in the prices of goods and services produced in the United States, including exports. The GDP deflator, though calculated differently, reflects the GDP price index very well. The GDP deflator is used by some companies to adjust payments for contracts.
GDP deflator = nominal GDP / real GDP * 100
Other price indexes such as CPI and GDP deflators are not formed in fixed baskets of goods and services. The basket changes each year depending on the investment and consumption patterns of the people of the year.
The GDP deflator is an essential indicator of the economy and helps to compare the year-to-year rise in price levels of goods and services. Unlike the Consumer Price Index (CPI), the GDP deflator allows comparisons across multiple time periods without using the base year as a constant or specific commodity basket.
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Suppose that the US imports $260 million worth of goods and services and exports $160 million worth of goods and services. What is the value of net exports?
The value of net exports is -$100.
The value of a country's total exports less the value of its total imports is the country's net exports. A trade surplus or deficit is represented by a positive or negative net export figure. A country's exports can be priced more competitively when there is a poor currency exchange rate.
Net Exports.= Value of Exports − Value of Imports
Where,
Value of Exports = Total amount that foreign nations spend on domestic goods and services. = $160
Value of Imports = Total amount spent by the home nation on products and services imported from other nations.= $260
Net Exports.= Value of Exports − Value of Imports
Net Exports.= $160 ₋ $260
Net Exports.= ₋$100
The difference between a country's total exports and total imports is the number of its net exports. A trade surplus or deficit is represented by a positive or negative net export figure.
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The _____________ holds that a rise in price level will make domestic goods relatively more expensive, ____________ exports and _______________ imports.
The interest holds that a rise in price level will make domestic goods relatively more expensive, rate exports and effect imports.
What are domestic goods?domestic goods are goods that are being produced locally in a particular country which can as well be exported out.
In this case, The interest holds that a rise in price level will make domestic goods relatively more expensive, rate exports and effect imports.
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A comparable property showed adjusted value of $40,000. The property sold two years ago, and the adjustments indicated a 7% annual appreciation rate. Assuming the appreciation was the only adjustment, how much was the total adjustment
Answer:
5063
Explanation:
5796 is the correct answer.
P = 40,000 Value of building sold 2 years ago
i = 75 Inflation rate
t = 2 years
V = Current value
V = P(1+i)^t
V = 40000(1.07)2 1.07 = 1+0.07 where 0.07 is the percentage increase in decimal
V = 45,796
The percentage increase is the difference between the current value and the value two years ago.
45796 - 40000 = 5796
A home valuation refers to a home or investment property that appreciates in value over time. As the property increases in value, the owner can sell it for a profit or receive more income from the tenants through monthly rent.
A valuation or capital appreciation is an increase in the price or value of an asset. Valuation occurs when the market value of an asset is higher than the price an investor paid for that asset. It may refer to an increase in the value of real estate, stocks, bonds, or other investable assets.
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If the long-run average total cost curve of an industry is declining at the point where it intersects the industry demand curve, we can expect: A) an overallocation of resources. B) the industry will be purely competitive. C) the industry will be monopolistically competitive. D) the industry will be a natural monopoly.
The answer is (D). The industry will be a natural monopoly. If the long-run average total cost curve of an industry is declining at the point where it intersects the industry demand curve, we can expect the industry will be a natural monopoly.
What is natural monopoly?This is when all means of production is owned and held by one person where in there is lack of competition.
A natural monopoly is an industry that runs best when one firm produces all the output.
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On July 19, each of the following consumers met with an agent. Based on the information provided, which consumer must wait until the Annual Election Period (AEP) or Open Enrollment Period (OEP) to enroll?
This consumer is going to be Joy. She has a cardiovascular disorder and is enrolled in a CSNP.
What is the Open Enrollment Period (OEP)?This is the enrollment period that is the annual period that people are able to make enrollment into the Qualified health plan.
This is consumer that has to wait for this period is Joy through the use of the priority health insurer.
The annual election period of Medicare is what is also called its enrollment period. At this time those that are enrollees would be able to make changes to their plans and also change their coverage.
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The term relevant range as used in cost accounting means the range over which: Group of answer choices Costs may fluctuate. Relevant costs are incurred. Production may vary. Cost relationships are approximately linear.
Option D. The term relevant range is the range over which Cost relationships are approximately linear.
What is relevant range?This is the term that is used to refer to the assumption that the cost relationships are valid.
What this means is that the existing relationship between cost and any activity are linear, in a straight line.
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The tool that lists ages, names, education, capabilities, training, specialized skills, and other relevant information about an organization's employees is called a?
The tool that lists ages, names, education, capabilities, training, specialized skills, and other relevant information about an organization's employees is called a Human resource inventory.
Human Resource Inventory is also known as the skills inventory which comprehensively lists down the basic information on all the employees working in an organization or a company.
This inventory has information on education, skills, experience, age, salary-related data, job preference, and special achievements of employees.
The information contained in the human resource inventory should also be used by recruiters to consider the individual for other job openings that might come up in the future.
Hence, the human resource inventory contains information of working employees.
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Which problem is Arthur experiencing in the given example?
Arthur has been working for a company for three months. However, the company’s values are conflicting with his own. Since he does not fit in the organization’s culture, Arthur has started experiencing { blank }, which is manifesting as frustration and anger.
Answer:
Demotivation
Explanation:
Since Arthur has been working for 3 months and he is in a company where he is aware not knowing much about it, he is beginning to feel a lack of interest and passion about his work.
The problem that Arthur is experiencing in the given example is a cultural mismatch or cultural conflict with the organization. Since Arthur has been working for 3 months and he is in a company where he is aware not knowing much about it, he is beginning to feel a lack of interest and passion about his work.
When a person's personal values, beliefs, and behaviors diverge from the standards and conventions of the workplace or society, there is a cultural mismatch.
Arthur feels frustrated and enraged as a result of this cultural struggle. These unfavorable feelings most likely result from the discrepancy between his personal principles and the values upheld by the business. Feelings of being misunderstood, undervalued, or unable to fully contribute at work might result from this imbalance.
Therefore, it would be advantageous for Arthur to look into opportunities to address the cultural mismatch, such as finding common ground with coworkers, asking for support from supervisors, or pondering whether a different workplace might be a better fit for his personal goals.
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Critical infrastructure such as utilities and hospitals are which partners responsibility
Critical infrastructure such as utilities and hospitals are the responsibility of the private sector partners.
What is the private sector?It corresponds to the set of organizations existing in a place where there is no government management, that is, the public sector is not directly responsible. Some examples are private companies and universities, which are private institutions whose objective may or may not be profit generation.
Therefore, the private sector may be responsible for managing critical infrastructure as long as it meets all requirements laid down in the law.
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Why do businesses curb or express concern about the amount of time employees use computers for personal communication while they're on the job
Employees use it to take a break from difficult work. Businesses curb or express concern about the number of times employees use computers for personal communication while they are on the job.
What are work ethics?Work ethic is the conviction that hard work and perseverance have moral benefits and an innate capacity, virtue, or value to develop one's abilities and character. It is a set of ideas centered on the value of labor and exhibited by the will or desire to put in a lot of effort.
Following corporate policies, communicating effectively, accepting responsibility, being accountable, being professional, and having faith in and respect for your coworkers at work are all examples of ethical workplace behavior. These illustrations of moral behavior guarantee the highest level of output at the workplace.
Strong work ethic individuals are dependable, committed, productive, cooperative, and self-disciplined.
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Edie's Health Supply has 125,000 shares of stock outstanding with a par value of $1 per share and a market value of $5 a share. The company has retained earnings of $76,500 and capital in excess of par of $340,000. The company just announced a 1-for-5 reverse stock split. What will be the par value per share after the split
The Par value per share after the split will be 2,500 shares.
What is a Share?Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends. A stock with no dividend payments does not distribute its income to its shareholders. Instead, they look forward to further stock price growth as business profits rise. Shares are an organization's equity capital, and there are two primary kinds of shares: common shares and preferred shares. As a result, the terms "shares" and "stock" are frequently used synonymously. Owners of a corporation have the option of issuing preferred shares or common stock to investors.A single common share's par value is determined by the charter of a corporation. It usually has nothing to do with the shares' actual worth. Actually, it's frequently lower. The par value is stated on each stock certificate that is issued for shares that are bought.
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The process of gathering information and deciding who should be hired, under legal guidelines, in the best interest of the organization and the individual is?
Answer is process of selection.
The selection process is the process of identifying and shortlisting the best candidates with the necessary qualifications and the skill set to fill unfilled jobs in a company. The selection procedure varies by industry, firm, and even across divisions within the same organization.
Every firm builds its selection process with the urgency of employing individuals and the requirements for the job vacancy in mind. Preliminary interview, screening of applicants, employment tests, selection interview, validations and recommendations, medical exam, and ultimate decision are the stages required in the selection process.
Therefore, the answer is selection process.
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Item 23 Old Antique Store prepared the following budget information for the month of May: Sales are budgeted at $360,000. All sales are on account and a provision for bad debts is made for each month at three percent of sales for the month. Inventory was $84,000 on April 30; an inventory increase of $12,000 is planned for May 31. All inventory is marked to sell at cost plus 50 percent. Estimated cash disbursements for selling and administrative expenses for the month are $48,000. Depreciation for May is projected at $6,000. Old Antique 's budgeted gross profit for May is:
The Budget Gross Profit for the Month of May is $199,200 calculated as follows:
What is Gross Profit?Gross profit is the profit that a company have earned from the customers after deducting its cost of goods sold. The other expenses are then deducted from this gross profit and then the net profit is calculated.
Sales $360,000
Less: Provision for Bad debts $10,800 (360,000 * 3%)
Net Sales $349,200
Less: Cost of Goods Sold $96,000 (84000+12000)
Less: Administrative expenses $48,000
Less: Depreciation $6,000
Gross Profit $199,200
The Sales is reduced by the allowance for bad debts, the net sales are arrived. However these net sales are then deducted from the relevant expenses such as cost of goods sold, administrative expenses and the depreciation.
Cost of Goods sold are calculated by adding the increase in inventory in the opening inventory.
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the objectives of office automation are increased efficiency, personnel reduction, and improved working conditions.
It is TRUE that objectives of office automation are increased efficiency, personnel reduction, and improved working conditions.
What is automation?Automation serves as the usage of computerized system in handling industrial work.
Therefore, The objectives of office automation are increased efficiency, personnel reduction, and improved working conditions.
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Some examples of indirect effects that could affect incremental cash flows would be?
Incremental cash flow is the additional operating cash flow that an organization receives from taking on a new project. A positive incremental cash flow means that the company's cash flow will increase with the acceptance of the project. A positive incremental cash flow is a good indication that an organization should invest in a project.
There are various indirect effects that could affect cash flows like:
- releasing of a product that will generate sales of replacement parts and services in future years
- Dismantling of existing product sales by introduction of a new product
- increased sales of an existing product by release of a complementary product
- losing existing store sales by locating a new store too close by
There are various other difficulties that come overboard like sunk cost, opportunity cost, cannibalization and allocated costs. It tries to predict the future cash flow of a business if it takes on a new project. It helps management determine if a project is worth doing or not.
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A profit-maximizing firm in the short run will expand output Multiple Choice until total revenue equals total cost. as long as marginal revenue is greater than marginal cost. until marginal cost begins to rise. as long as marginal revenue is less than marginal cost.
Price and short-term quantity that maximizes profit, as long as marginal revenue is less than marginal cost.
In economics, profit maximization is a short-term or long-term process that allows a company to determine the levels of prices, inputs, and outputs that make the most profit. Today, the mainstream approach to microeconomics, neoclassical economics, typically models businesses as profit maximization.
The marginal cost of production includes all costs that vary depending on the production level. For example, if a company needs to build an entirely new factory to produce more goods, the cost of building the factory is marginal revenue.
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What will be the resulting change in equilibrium of the chocolate bar market
Equilibrium price will increase and quantity will decrease will be the resulting change in the equilibrium of the chocolate bar market.
The equilibrium charge is the rate at which the amount demanded equals the amount supplied. It's far decided through the intersection of the demand and deliver curves. A surplus exists if the amount of an excellent or carrier provided exceeds the amount demanded on the contemporary charge; it causes downward strain on the charge.
Equilibrium is the nation wherein market supply calls for balance every other, and as a result, costs come to be strong. Typically, an over-supply of goods or services causes expenses to move down, which results in a higher call for—while an underneath-deliver or shortage causes fees to head up resulting in less demand.
Upward shifts inside the supply and demand curves have an effect on the equilibrium rate and amount. If the deliver curve shifts upward, meaning deliver decreases however demand holds constant, the equilibrium rate will increase but the quantity falls.
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What are some of the reasons that an organization would need to document their existing gpo settings?
To maintain a current and fully documented OU structure, an organization would need to document their existing gpo settings
The Group Policy Object (GPO) from Microsoft is a set of Group Policy settings that specify how a system should appear and function for a certain user group. To protect a company's network, GPOs specify password length limits, restrictions on password re-use, and other specifications. With the aid of GPOs, businesses can make sure that employees save crucial company documents on a centralised, under surveillance storage system. For instance, a company could move the Documents folder, which is typically kept on a user's local drive, to a network location. Existing GPOs apply a consistent environment to all new users and machines that enter a company's domain, expediting setup.
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