Answer:
Historical cost.
Explanation:
Historical cost is an accounting principle which states that an asset or liability should be recorded at the amount given or received in the exchange transaction.
Under the Generally Accepted Accounting Principles, the historical cost concept is used for fixed assets in the United States of America. It is also known as the cost principle of accounting.
A team member can become distracted by a work or personal problem that prevents him or her from following through on commitments made to the team. This team member is best described as a(n): absentee member. social loafer. procrastinator. arbitrator.
Answer:
absentee member.
Explanation:
A team member can become distracted by a work or personal problem that prevents him or her from following through on commitments made to the team. This team member is best described as an absentee member because it is safe to say that he didn't contribute anything to the team, as opposed to his or her promises or requirement to be supportive.
During Year 2, Chico Company earned $1,950 of cash revenue, paid $1,600 of cash expenses, and paid a $150 cash dividend to its stockholders. Based on this information alone, which of the following statements is not true?
a. Net income amounted to $350.
b. Total assets increased by $200.
c. Cash inflow from operating activities was $350.
d. Cash inflow from operating activities was $200.
Answer:d--Cash inflow from operating activities was $200
Explanation:
Net income= Cash Revenue -Cash Expenses
$1950 - $,1600 = $350
Total assets increase= Cash Revenue -Cash Expenses -Dividends
1950-1600 -150= $200
Cash inflow from operating activities=Cash Revenue -Cash Expenses
$1950 - $,1600 = $350
therefore the statement that is not true = d--Cash inflow from operating activities was $200
A firm's strategic choices and leadership approaches need to: a. be rigid and concrete to be effective. b. adapt and change to retain their
Answer:
This question is incomplete, there are two options that remain missing. The complete options are the following:
A) Be rigid and concrete to be effective.
B) Adapt and change to retain their relevance.
C) Be independent of each other.
D) Steer clear of cultural and socioeconomic influences.
And the correct answer is the option B: Adapt and change to retain their relevance.
Explanation:
To begin with, when it comes to terms of leadership and strategic choices the managers of a company or its members who are the ones responsibles for those matters need to understand that both of those concepts have always to be adaptative and flexible in order to retain the relevance that they have in company and its environment. And that is mainly because the context of the organization is always changing and the leader must be updated with all the new ways to take action and therefore to change the strategic choices that he might choose while taking the decision making process.
"A consumer wanted to purchase a new computer. However, she used the money to pay her rent instead. In this case, housing is what type of competitor?"
Answer:
Total budget competitor
Explanation:
Based on the information given we were told that the consumer used the money she was supposed to use to purchased a computer to pay her rent instead because the computer price or amount is within the same price range as the rent amount which makes her to pay for her rent instead of the computer because the rent satisfy her needs which means that the housing is a TOTAL BUDGET COMPETITOR. Furthermore with this type of competitor a person or an individual may desire to go for items, goods or product which are within the same price range with another goods or product that meets their needs because it leads to the satisfaction of similar needs such person desire to have or want .
Example if a person or an individual desire to have a laptop in which the Laptop price or amount is within the same price range as a Tablets that person may decide to go for Tablets instead of Laptop in as far as it satisfy the person needs or want because Laptop and Tablets are similar needs.
Therefore the housing is a TOTAL BUDGET COMPETITOR.
All of the following are capital assets EXCEPT: 100 shares of UVX stock. A car used by a ride-hail service driver. A fully rented apartment building. Municipal bonds.
Answer:
A fully rented apartment building
Explanation:
Capital assets are a term that describes substantial portions of property including homes, cars, stocks, bonds, etc. In other words, specifically in business, a capital asset is defined by its valuable life which is extended than a year and is not planned for sale at a typical period of business's operation.
Hence, in this case, the right answer is A fully rented apartment building
Which inventory costing method assumes that cost of goods sold and ending inventory consist of a mixture of all the goods available for sale?
Answer:
Average Cost Method
Explanation:
It is also known as weighted average cost. Under this method of costing, it is assumed that cost of inventory is based on the average cost of the goods available for sale during the accounting period. Meaning that the average cost is derived by dividing the total cost of goods available for sale by the total units available for sale.
Which type of telephone answering system requires a health care worker to check in either at regular intervals while the agency is closed or on the next business day
Answer:
Answering machine
Explanation:
Answering machine is a form of telephoning system that is designed to automatically answer and record telephone calls even when a receiver is not around to do so.With this feature , it allows flexibility as the user can still attend to other functions without loosing track of the the calls for the day.
Even though it has a weakness in that calls that require immediate responses may not get such , however , those calls can be responded to as soon as the users get to know about it , hence the need for frequent check of the call logs by the user.
Looking at this definition , it it suits the need of a regular health worker that need to check in either at regular intervals while the agency is closed or on the next business day.
Net income is ________. Question 7 options: A) not cash flow B) earnings before interest and taxes C) the cash flow from the operations of the company during the period D) the increase or decrease in cash flow for the period
Answer:d the increase or decrease in cash flow for the period of time
Explanation:
It’s the amount gained and lost in the amount of time they were in business
Match the action to the task it helps accomplish. format text is at the very top or bottom of the page increase or decrease the space around the text on a page move the text at the bottom of a page to the top of the next page
Answer:
format text increase or decrease the space around the text on a page
Explanation:
Indeed, when using Word processing software like Microsoft word, it is possible to use the format text tool called line spacing to increase or decrease the space around the text on a page.
For example, in other to make a written text easily readable, a user may use the format text tool to increase or decrease the space around the text on a page.
Hope this helps! :). .
"The MSRB online system that gives non-professional investors key information about municipal securities, including issuer financial disclosures, notices of material events, real-time prices, and market statistics is called:"
Answer: EMMA
Explanation:
MSRB is an acronym for The Municipal Securities Rulemaking Board and it is a body that is in charge of the regulating the body that gives policies and rules for the financial institutions that issue and sell municipal securities.
EMMA gives non-professional investors key information about municipal securities, including issuer financial disclosures, notices of material events, real-time prices, and market statistics.
To find operating cash flow for the business for the year, add depreciation expense to EBIT and then ________. Question 8 options: A) subtract the interest expenses B) subtract the taxes C) add the taxes D) add interest expenses
Answer:
B) subtract the taxes
Explanation:
The formula to compute the operating cash flow is shown below
The operating cash flow is shown below:
= EBIT + Depreciation - Income tax expense
where,
EBIT = Sales - cost of good sold - depreciation expense
Also the operating cash flow refers to the cash amount i.e. created through the day to day activities within a particular period
Hence, the correct option is b.
What are the two factors that are examined in the administrative management theory when trying to create an organization that is highly efficient and effective?
Answer:
organizational structure and control systems
Explanation:
The two main factors that are examined are the organizational structure and control systems. Organizational structure focuses on organizing various company activities in such a way that they can achieve their organizational aims as efficiently as possible. Control Systems on the other hand are the various sets of procedures and processes, that allow an organization to achieve its mission and objectives. Both are essential in order for the organization to run as efficiently and effectively as possible.
Another reason fueling the boom in fast-growing technology services is ___________________, which, when done right, can virally spread awareness of a firm with nary a dime of conventional ad spending a. legacy systems
Answer:
App stores
Explanation:
For the boom in the fast growing technology services, the app stores played an important role for creating an awareness among the audience at a large. Also at the same time it creates a positive impact for an economy, also the transaction cost also falls, there is a less barriers to entry and the rise in the customer trust, loyalty and security
Hence, the correct answer is app stores
For a retail business, a delivery of inventory, from a vendor (with whom there is an established credit relationship) would be initially recorded in which type of accounting record as part of which transaction cycle
Answer:
purchases journal; expenditure cycle
Explanation:
For most retail businesses the first place transactions are recorded is the purchase or sales journal. This contains a simple lost of items purchased or sold. The information is later transfered to the general ledger.
On this scenario there was a delivery of inventory, from a vendor with whom there is an established credit relationship.
Once purchase is made on credit it is an expenditure transaction and will be recorded as such
A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured using ________ organization.
Answer:
E.) Projectized
Explanation:
These are the options
A. Functional
B. Balanced matrix
C. Weak matrix
D. Strong matrix
E. Projectized
A project team that operates with a full-time project manager as a separate unit from the rest of the organization is structured using projectized organization.
A projectized organization reffered to as a settings, where activities are arranged in form of projects or even programs and these activities are been executed, these projects are carried out by team with a project manager as their authority in which all the member of the team gives report to.
A mother wants to invest $ for her son's future education. She invests a portion of the money in a bank certificate of deposit (CD account) which earns 4% and the remainder in a savings bond that earns 7%. If the total interest earned after one year is how much money was invested in the CD account?
Answer:
the amount of money i.e. invested in the CD account is $3,666.67
Explanation:
The computation of the money invested in the CD account is shown below:
Let us assume the amount invested be x
So, the equation i.e. to be made is
0.04x + 0.07 × ($11,000 - x) = $660
0.04x + $770 - 0.07x = $660
-0.03x = -$110
x = $3,666.67
Hence, the amount of money i.e. invested in the CD account is $3,666.67
Refer to exhibit 4-8. suppose that wheat producers lobby the government for a price floor and receive one. this price floor is set at pf. what is the change in the total surplus at the price floor, compared to at the equilibrium price?
Identify a true statement about planning. a. It involves deciding where decisions will be made. b. It is the process of monitoring progress toward goal achievement. c. It involves inspiring and motivating workers to work hard to achieve organizational goals. d. It encourages employees to engage in behaviors directly related to goal accomplishment.
Answer:
a. It involves deciding where decisions will be made
Explanation:
Planning is carried out by businesses to chart a way for achieving its business objectives.
It involves defining goals and focusing on a company's future direction.
Decisions on actions and resource use necessary to meet these goals are outlined.
In essence planning is deciding in advance what is to be done, when it should be done, how it is going to be done, and who is responsible to do it.
A schedule of activities are seen up stating specific actions and time frames from achieving each step.
A company's chart of accounts is: a detailed list of the accounts that make up the five financial statement elements. the set of journal entries that makes up the components of owners' equity. used for entries that offset other accounts.
Answer:
A detailed list of the accounts that make up the five financial statement elements.
Explanation:
The company's chart of accounts is the listing of all the accounts that the company has included as part of the five financial statement elements during a specific period of time.
The five financial statement elements are: assets, liabilities, equity (part of the balance sheet), expenses and revenues (part of the income statement).
Examples of accounts that can be part of a firm's chart of accounts are: land (asset), cash (asset), notes payable (liabilities), outstanding stock (equity), operating expenses (expenses), and sales revenue (revenues).
The chart of accounts can differ greatly from company to company simply because companies engage in vastly different economic activities.
"a monopolist's demand curve, marginal revenue, and its costs. At the profit-maximizing output level, the monopolist's profit would be"
Answer:
when the marginal cost equals the marginal revenue.
Explanation:
Given that a monopolistic market is a market in which there is only one producer or supplier of a particular product or service in a given area, and thus has a great influence on the piece and distribution.
Therefore, in this situation, at the profit-maximizing output level, the monopolist's profit would be when the marginal cost equals the marginal revenue.
What role do funds (money) play in the circular flow model? a. They are what households or firms pay for products or resources. b. They are the means by which trade creates value. c. They enable firms and households to interact with foreign firms and households. d. They enable firms and households to pay their taxes
Answer:
a. They are what households or firms pay for products or resources.
Explanation:
The circular flow model shows how money flows in the society, from producers to workers in the form of wages, and back to the producers as money paid for products thereby providing exchange between the household and the firm.
The household work for firms in exchange for money to pay for goods and services offered by the firm while the firm sell there goods to the household so as to be able to generate profits.
Issues management today can be considered a subset of the activities of public affairs departments. strategic planning staffs. public relations departments. various ad hoc committees.
Answer: public affairs department
Explanation:
The objective of issues management is
to help increase the social responsiveness of an organization to its stakeholders. It should be noted that firms get more options when there's an early anticipation of issues.
Issues management today can be considered a subset of the activities of public affairs departments.
.
The threat of new competitors will enter your market is _________ when entry is easy and _________ when there are significant barriers to entry.
Answer:
higher
lower
Explanation:
The easier it is to enter a market the higher the threat of new competitors and the more difficult it is to enter a market, the lower the threat of new competitors.
For example, it is pretty easy to set up a lemonade stand as the cost of doing so is quite low. So, it is easier for anyone to decide to set up a lemonade stand. So, we can say it is easy to enter the lemonade market and the threat of new competitors is high.
On the other hand, a research lab that produces medicine is pretty difficult to enter. the cost of setting up a lab is high, in addition one has to be approved by the government. so, it is difficult to enter this market and the threat of new competitors is low.
The sensitivity of "realized" domestic currency values of the firm's contractual cash flows denominated in foreign currency to unexpected changes in the exchange rate is
Answer: Transaction exposure
Explanation:
Transaction exposure is simply the sensitivity of "realized" domestic currency values of the firm's contractual cash flows denominated in foreign currency to unexpected changes in the exchange rate.
Transaction exposure shows the uncertainty level that is faced by a business that is involved in international trade. It is regarded as the risk that there'll be fluctuation in the exchange rates will when a firm undertakes a financial obligation.
Outright sales or sale and leaseback free up considerable cash and improve returns. This is an example of which turnaround strategy used by successful companies?
Answer:
"Asset and cost surgery " is the right answer.
Explanation:
Asset but mostly cost surgery indicates another company can opt to sell much of its order to maximize shareholders as well as consider outsourcing those non-competitive business international operations.Asset Management Policy would be an organization-wide policy for implementing as well as recording asset management activities, policies, processes as well as techniques.Jacobsen Corporation prepares its financial statements applying U.S. GAAP. In its 2018 income statement, Jacobsen would report income from continuing operations of
Available Options Are:
Jacobson Corporation prepares its financial statement applying US GAAP. During its 2018 fiscal year, the company reported income from continuing operations before tax of $620,000. This amount does not include the following item, which is considered to be material in amount:
Unusual gain of $200,000
Loss on discontinued operations ($300,000)
The company's income tax rate is 40%. In its 2018 income statement.
Jacobson would report income from continuing operations (after tax) of:
A. $312,000.
B. $372,000.
C. $492,000.
D. $620,000.
Answer:
Option C. $492,000
Explanation:
The Total Operating Income is:
Operating Income From Continuing Operation $620,000
Unusual Gain $200,000
Total Income $820,000
The unusual gain will be included in the operating income as it is related to operating income.
The net income from continuing operation will be net of tax which means that:
Net Income after tax = $820,000 * (1 - 40%) = $492,000
How has private enterprise strengthened the united states economy?
Answer:
to generate prosperity and produce goods and services that meet people's needs and improve their lives.
Explanation:
Because businesses cannot outgrow the economy of their communities
Studies indicate that married men on average earn more income than unmarried men of the same age and education level. Why must we be cautious in concluding that marriage is the cause and higher income is the effect? We do not want to fall into the causation fallacy because the sole cause of greater income is not directly caused by marriage. There could be many other factors involved.
Answer:
all of the answers provided are correct
Explanation:
The causation fallacy refers to when a cause is incorrectly identified for a specific effect in a research study. That being said, all of the answers provided are correct. There is no clear indication or proof in this study that shows that "marriage" is the sole factor that causes the difference in pay between the men in question. There can be many other factors in play such as social connections, economic backgrounds, geographic locations, field of work, etc.
Strong brands a. are a liability. b. guarantee success for a company. c. are the most significant barrier to entry in the market. d. deliver greater returns with less risk.
Answer:
d. deliver greater returns with less risk.
Explanation:
Strong brands are known to have a lot of positives, which includes representation of individuals or customers' viewpoints of the company's services, status, logo, and publicity. One of the main purpose of branding is to increases the value of a company, gives employees adequate guidance and motivation, and makes obtaining new customers easier.
Hence, the right answer among the available options is "deliver greater returns with less risk."
Answer:
d. deliver greater returns with less risk
Explanation:
A brand is a product, person, or service that has a unique name or symbol that differentiates it from others in a market. It makes a particular product stand out from others.
Companies use brands to increase competitive advantage by conveying a unique quality or trait with that particular brand.
Strong brands are those that perform well over a long period of time and conveys its uniqueness at all touch points with the customer.
So strong brands ensure delivery of greater returns with less risk.
"a perfectly competitive market. The firm will stay in the market in the long run only if the market price is greater than or equal to"
Answer:
$10 for 200 units which means $0.05 per unit.
Explanation:
The firm will only survive in a perfectly competitive market if its average cost is at minimum level which we can see in the figure. The lowest average cost is $10 for 200 units which means average cost per unit is $0.05 per unit. At this stage the company will be able to produce higher profits because its average cost per unit is at minimum level.