The use of computerized accounting systems allows firms to generate financial information almost instantly and whenever the organization needs it.
What is an accounting system?An accounting system makes use of a computerized system to manage a business or companies account.
It keeps and monitors all accounting record for easy tracking of income, expenses, and other financial activities.
Therefore, The use of computerized accounting systems allows firms to generate financial information almost instantly and whenever the organization needs it.
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According to the Law of Demand as the price of cupcakes increases, the
quantity demanded?
Answer:
decreases.
Explanation:
the law of demand and supply states that, the higher the price, the less quantity is demanded
In which two market structures can the taxi industry and shisanyama/chicken braai/chicken dust around your community be classified
The two market structure that taxi industry and shisanyama/chicken braai/chicken is oligopoly and monopolistic competition.
What is market structure?Market structure is a strategy that show how different firms or industries are classified and differentiated based on the types of goods they sell or produce and how their operations are affected by external factors.
Therefore, The two market structure that taxi industry and shisanyama/chicken braai/chicken is oligopoly and monopolistic structure.
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An outlet or brand whose performance confirms a low-performance expectation generally will result in _____.
a. satisfaction
b. dissatisfaction
c. nonsatisfaction
d. elation
e. anger
An outlet or brand whose performance confirms a low-performance expectation generally will result in non satisfaction.
What is consumer behaviour?Consumer behavior is the study of how people make decisions about their daily need and wants.
It is the study with respect to the consumers & the process at the time of choosing and sale of the goods & services that involved the responses of the consumers in terms of emotional & behavioral.
Hence, an outlet or brand whose performance confirms a low-performance expectation generally will result in non satisfaction.
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Joseph and David decide to form and co-own an unincorporated business that will sell custom sweatshirts. This type of business is a(n) _____.
The type of business is operated by Joseph and David which was co-owned by them is partnership.
What is partnership?A partnership serves as type of business which involves a formal arrangement by two or more parties so they can manage and operate a business.
In this arrangement, both parties share its profits as well as the loss in the business.
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Carla Vista Co. issues $290,000, 20-year, 9% bonds at 103. Prepare the journal entry to record the sale of these bonds on June 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
These bonds issued by Carla Vista at 103 with par value $290,000 with a 20 year maturity period will be recorded as:
Date Account title Debit Credit
June 1, 2022 Cash $298,700
Bonds Payable $290,000
Premium on Bonds Payable $ 8,700
How do we record the sale of bonds?First find the cash which is:
= Par value x 103
= 290,000 x 103/100
= $298,700
The Premium will be:
= Cash - Par value
= 298,700 - 290,000
= $8,700.
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The AD curve will shift to the right: because of the wealth and interest rate effects. if the government increases taxes paid by households. if household wealth increases. if the aggregate price level increases.
Explanation:
The aggregate demand curve, or AD curve, shifts to the right as the components of aggregate demand—consumption spending, investment spending, government spending, and spending on exports minus imports—rise. The AD curve will shift back to the left as these components fall.
Larry is an agent for Mary. She gives him clear instructions to enter into contracts on her behalf only on Mondays, Wednesdays, or Fridays. He enters into a contract on her behalf on Tuesday. Larry has breached
Assuming he enters into a contract on her behalf on Tuesday. Larry has breached: duty of obedience.
What is duty of obedience?Duty of obedience can be defined as the way of complying with the instruction given or following an instruction given without deviating or changing it.
Based on the scenario Larry has breach the duty of obiedience because he did not comply with the instruction that Mary gave him.
Therefore Larry has breached: duty of obedience.
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Since a store design cannot achieve all objectives, managers need to made trade-offs among them. Which of the following does NOT describe such trade-offs?
A. Home Depot's traditional design can efficiently store and display a lot of merchandise with long rows of floor-to-ceiling racks; however, this design is not good for a pleasant shopping experience.
B. Retailers often make trade-offs between stimulating impulse purchases and making it easy to buy products.
C. The trade-off between the ease of finding merchandise, and providing an interesting shopping experience is determined by the customer's shopping needs.
D. Specialty store retailers encourage the ease of finding merchandise rather than exploration.
E. Giving customers adequate space in which to shop has to be balanced with the use of scarce resource for merchandise.
Answer:
B.
Explanation:
You can buy products easily while still impulse buying, in fact it makes it easier because impulse buying is literally buying stuff.
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Blanche, a minor, enters into a contract to buy two all-season passes from Chalet Mountain Resort. The contract will be made enforceable if Blanche
Answer:
ratifies it
Explanation:
Arranging tasks, people, and other resources to accomplish the work is known as the _____ function of management.
Arranging tasks, people, and other resources to accomplish the work is known as the organizing function of management.
What is management?This is a process that is used in the business place or other spheres of life on the planning and execution of tasks in the work place.
The organizing function is the aspect that has to do with the arranging of tasks in the workplace.
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Distinguish Among Money, Income, And Wealth. Which One Of The Three Does The Central Bank Of A Country Control?
The thing which a Central Bank controls from the answer choices is Money.
What is Money?This refers to the legal tender that is used as a form of exchange for goods and services.
Hence, we can note that the Central Bank of a country is in charge of printing money, making new economic policies, etc and they control money flow and have no business with controlling income or wealth.
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Wells fargo’s cross-selling scandal resulted in the creation of millions of fake accounts, betraying the trust of its customers. Wells fargo has launched a series of campaigns to reestablish its credibility as a trusted bank. If wells fargo wants to identify changes in public opinion impacting the firm, it should conduct _______.
Assuming wells fargo wants to identify changes in public opinion impacting the firm, it should conduct Environmental monitoring.
What is Environmental monitoring?Environmental monitoring can be defined as the method of observing or monitoring an environment using specialized techniques.
Environmental monitoring is important as it can help to study the environment by providing accurate and neccessary information needed about the surrounding including the impact an activity has on an environment.
Inconclusion it should conduct Environmental monitoring.
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Summarize the process, or shifts in the Aggregate Demand Curve and Short Run Aggregate Supply Curve, for closing a recessionary gap if the economy is self-regulating…. Or using Neoclassical Economics.
A recessionary gap has low prices and high unemployment and the gap can be closed by expansionary fiscal or monetary policy.
What is recessionary gap?It should be noted that a recessionary gap simply occurs when the real GDP of a country us lower than the GDP at full employment.
In this case, a recessionary gap has low prices and high unemployment and the gap can be closed by expansionary fiscal or monetary policy.
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How long does it take to get toxic shock syndrome from a tampon.
How much does it cost to play 18 holes at augusta national.
Answer:
$21 to $27
Explanation:
That how much it is
Why would a typical U.S. business fail to take the social costs of pollution into consideration during the development of their operating strategies
Most US companies will not factor in social costs of pollution in operating strategies simply because it is not binding on them to pay for pollution they cause.
What is Pollution?Pollution is defined is depostion of waste material into the environment, the effect is motly injurious to the environment to the tone of damage in the ecosystem.
Environmental Pollution is behind the depletion of our ozone layer
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Hector, a manager at Roseland Corp., recently illustrated __________ by promoting two employees because their performance had greatly improved.
Hector, a manager at Roseland Corp., recently illustrated positive reinforcement by promoting two employees.
What is positive reinforcement?Positive reinforcement can be defined as the way of rewarding someone by making use of reinforcer as this will help to encourage the person to keep putting in their best in what they do.
The manager use using positive reinforcement on his employee by promoting them because they perform well on their job. Doing this will encourage the employee to more productive.
Therefore, the manager at Roseland Corp., recently illustrated positive reinforcement by promoting two employees.
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Cash inflows and outflows related to bonds payable and long-term notes payable are reported on which section of the statement of cash flows?.
Cash inflows and outflows related to bonds payable, and notes payable are reported in the financing activities section of the statement of cash flows.
What are financial activity?Financial activities are series of events a company or firm undertakes.
This events helps to achieve a particular goal and objective.
Activities include cash inflow and outflow and also expenses.
Therefore, Cash inflows and outflows related to bonds payable, and notes payable are reported in the financing activities section of the statement her of cash flows.
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For the u. S. Government, which of the given is not an example of discretionary spending?.
For the U.S. government, the expense that is not an example of discretionary spending is Medicare.
What are discretionary policies?
Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
Here are the options:
Defense spending
Medicare
Science spending
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Derby Phones is considering the introduction of a newmodel of headphones with the following price and cost characteristics. Sale price----$285 per unit, variable costs--140 per unit, and fixed costs 348,000 per month. What number must Derby sell to make an operating profit of $159,500 for the month
The units of headphones that must be sold to have an operating profit of $159,500 is 3497.
What is the units sold that would yield an operating profit of $159,500?
Operating profit is total profit that is earned from the daily business operations of a business. Operating profit is total revenue less fixed cost and variable cost.
How many units must be sold to have an operating profit of $159,500 = operating profit + fixed cost / (selling price - variable cost)
(159,000 + $348,000) / (285 - 140) = 3497
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Margaret isn't ready to buy jill's property, but she pays jill a fee that guarantees she'll be notified if another buyer appears. If another buyer does make an offer, margaret has the opportunity to purchase at the price and terms of the offer. Margaret has a(n) ______ on jill's property
What this means is that Margaret has a Right of first refusal on Jill's property,
What is Real Estate?This refers to the buying and selling of properties and how the ownership is transferred.
Hence, because Margaret has made a down payment on the property which gives her the chance to buy the property if there is no counteroffer, then this means that Margaret has a Right of first refusal on Jill's property,
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In order, the steps of the strategic-management process are.
The steps of the strategic-management process are.
Strategic Analysis and Inputs Strategy FormulationStrategy ImplementationWhat is Strategic management process?Strategic management process is a process that a business can use to outdo the competitors.
Starting from the Strategic Analysis and Inputs which is the first step where data about competitors are been gathered, to the last steps are necessary to outdo the competitors.
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Maya is hoping to hire lifeguards to work at her community pools this summer. What is the first step she must take in this process
The first step Maya should take in the process of hiring lifeguards to work in the summer is to start the process of recruiting and selecting candidates.
What is recruitment and selection?It is the process of identifying the need to hire employees to fill open positions in an organization, according to the profile and qualifications required for the position.
Therefore, through a structured recruitment process, with resume analysis, interviews and tests, the company will identify the ideal professional to contribute with innovation and knowledge to achieve organizational goals.
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What property of detrital sedimentary rocks can be indicative of the energy of sediment transport?.
During its first year of operations, Novak Corp. Had these transactions pertaining to its common stock. Jan. 10 Issued 26,000 shares for cash at $4 per share. July 1 Issued 55,000 shares for cash at $9 per share. (a) Journalize the transactions, assuming that the common stock has a par value of $4 per share. (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $3 per share
The journal entries to record the common stock transactions under the two scenarios are as follows:
a) Assuming that the common stock has a par value of $4 per share:
Jan. 10 Debit Cash $104,000
Common Stock $104,000
July 1 Debit Cash $495,000
Common Stock $220,000
Additional Paid-in Capital $275,000
b) Assuming that the common stock is no-par with a stated value of $3 per share
Jan. 10 Cash $104,000 Common Stock $78,000 Additional Paid-in Capital $26,000
July 1 Cash $495,000 Common Stock $165,000 Additional Paid-in Capital $330,000
What is the difference between par value and stated value?There is no major difference between the par value and the stated value of the common stock, except as follows.
While the stated value is assigned when there is no par value for accounting purposes, the par value is assigned when the shares are authorized for issuance.
The two function as the face value of the shares which can be compared to the market value to discover if there is additional paid-in capital or not.
Data and Calculations:a) Jan. 10 Cash $104,000 Common Stock $104,000
July 1 Cash $495,000 Common Stock $220,000 Additional Paid-in Capital $275,000
b) Jan. 10 Cash $104,000 Common Stock $78,000 Additional Paid-in Capital $26,000
July 1 Cash $495,000 Common Stock $165,000 Additional Paid-in Capital $330,000
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Mueller Corp. determines that it is more likely than not that $100,000 of its $500,000 deferred tax asset will not be realized in future years. Mueller should record a journal entry that includes a ________ to _________.
Answer:
$100,000 debit; income tax expense
Explanation:
Mueller Corp. determines that it is more likely than not that $100,000 of its $500,000 deferred tax asset will not be realized in future years. Mueller should record a journal entry that includes a Debit to Income Tax Expense.
What is Debit?
A debit is an accounting entry that creates a decrease in liabilities or an increase in assets. In double-entry bookkeeping, all debits must be offset with corresponding credits in their T-accounts. On a balance sheet, positive values for assets and expenses are debited, and negative balances are credited.
A debit can signify an increase in asset, an expense, and the owner's drawings. A debit can also signify a decrease in a liability, revenues and owner's equity.
What is Income Tax Expenses?Income tax expense is the amount of expense that a business recognizes in an accounting period for the government tax related to its taxable profit.
The amount of income tax expense recognized is unlikely to exactly match the standard income tax percentage that is applied to business income, since there are a number of differences between the reportable amount of income under the GAAP or IFRS frameworks and the reportable amount of income allowed under the applicable government tax code.
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What type of protection does U.S law grant the creator of a book, film, or piece of music
A) A public franchise, which grants the exclusive right to use the creation during the creator's lifetime and to his or her heirs for 70 years after the creator's death.
B) A copyright, which grants the exclusive right to use the creation during the creator's lifetime and to his or her heirs for 70 years after the creator's death.
C) A copyright, which grants exclusive rights to the creator for 20 years after the work is created.
D) A patent, which grants the exclusive right to use the creation during the creator's lifetime and to his or her heirs for 70 years after the creator's death.
The type of protection that the U.S law would grant the creator of a book, film, or piece of music is: Option B.
What is copyright law?Copyright law can be defined as a set of formal rules and regulations that are granted by the government to protect an intellectual property (IP), especially by giving the creator or original author (owner) an exclusive right to use during his or her lifetime, while preventing any unauthorized access, unlawful use or duplication by other parties.
This ultimately implies that, a copyright grants a creator the exclusive right to use the creation during his or her lifetime, as well as to the creator's heirs for 70 years after the creator's death.
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Marquis quits his job as a security consultant, which paid an annual salary of $65,000, and opened his own security company. He used $40,000 of a mutual fund that paid a 4% annual interest rate to buy a truck. In his first year of operation, he spent $100,000 on equipment and licensing and earned a total revenue of $210,000. Marquis's accounting profit is _____, and his economic profit is _____.
From the calculations that have been done in this question, Marquis's accounting profit is 108,400, his economic profit is 43,400
How to solve for Marquis's accounting profitFormula for Accounting profit
TR - Total explicit cost - Interest
= 210,000 - 100,000 - 40,000 * 4%
= 108,400
Therefore the total accounting cost is 108,400
How to solve for Marquis's economic profitFormula = TR - Total explicit cost - Interest - Total implicit cost
= 210,000 - 100,000 - 40,000 * 4% -65,000
= 43,400
Therefore the total economic profit is given as $43,400
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A particle is moving along a projectile path at an initial height of 160 feet with an initial speed of 144 feet per second. this can be represented by the function h(t) = −16t2 144t 160. what is the maximum height of the particle? 128 feet 224 feet 272 feet 484 feet
A function assigns values. The maximum height of the particle is 484 ft.
What is a Function?A function assigns the value of each element of one set to the other specific element of another set.
Given that the function of the height of the particle is h(t) = −16t²+144t+160.
Now, to find the maximum of the function we need to differentiate the function, and then equate it with zero to find the value of t at which the height will be maximum.
[tex]h(t)=-16t^2+144t+160\\\\\dfrac{dh}{dt}=-16(2t)+144\\\\\dfrac{dh}{dt}=-32t+144[/tex]
Now, equate the function with 0, we will get,
[tex]0=-32t+144\\t = 4.5[/tex]
Further, plug in the value of t as 4.5 to get the maximum height.
[tex]h(t)=-16t^2+144t+160\\\\h(4.5)=-16(4.5^2)+144(4.5)+160\\\\h(4.5)= 484\rm\ ft[/tex]
Thus, the maximum height of the particle is 484 ft.
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In macroeconomics, a _______________ describes the common way in which market values are measured in an economy.
Answer:
unit of account that is your answer