Answer:
External and Internal
Explanation:
Financial accounting provides information for external decision makers. This branch of Accounting focuses on the preparation of Financial Statements under the relevant reporting standards (IFRS or GAAP).
Managerial accounting provides information for Internal decision makers. These includes budgets, cost schedules and Cost - Volume Profit analysis. They are used to maintain the operations of the entity.
Assume that the cost of aluminum used by soft-drink companies increases. Indicate which of the following statements describing the resulting effects in the market for soft drinks distributed in aluminum cans are true (T) or false (F). A. The demand for soft drinks decreases.B. The quantity of soft drinks demanded decreases.
C. The supply of soft drinks decreases.
D. The quantity of soft drinks supplied decreases.
Answer:
a. false
b. true
c. true
d. false
Explanation:
a. The first statement is false as the demand for the soft drink do not declines
b. The second statement is true as the quantity demanded decreased
c The third statement is true as the supplied decreased
d. The fouth statement is false as the quantity suppied do not decline
Therefore the option b and C are correct and option A and D are incorrect
Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $32 to you. One of your close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. He offers you $70 for the bicycle, and you gladly accept. Your friend is also happy because he thinks the bicycle is worth $104 .
Answer:
Total value created = $72
Explanation:
How much total value was created from this trade?
Total value created = Consumer surplus + Producer surplus
Total value created = ($104 - $70) + ($70 - $32)
Total value created = $34 + $38
Total value created = $72
When the demand curve for a good is unit elastic, raising the price of the good by 25 percent will change the revenue of the firm by:
Answer: 0%
Explanation:
Elasticity measures the change in demand resulting from a change in price. The law of demand holds that when prices increase, quantity demand would decrease and elasticity is meant to show the magnitude of this change.
A unit elastic good means that prices and quantity demanded change by the same amount. This means that for a unit elastic good, if the price change is a 5% increase, the quantity demanded will decrease by 5%.
In terms of revenue, if the price increases by the same amount that quantity demanded decreases, the effects will cancel out so there will be no revenue effect.
An investor's portfolio contains the following four bonds:
ABC 7% duein 2040 DEF 6% due in 2040 GHI 5% due in 2040 JKL 8% due in2040
Which of these bonds would show the greatest price change if interest rates jumped by one percentage point?
Answer: GHI Bonds
Explanation:
All the bonds are of equal maturity so the only relevant variable is the bond yield.
Bond prices are inversely related to the market interest rate for the simple reason that bond yield is fixed. As a result when interest rates go up, they will become less attractive because they will be paying older and lower rates than the newer rates.
This is especially true for bonds with lower yields which is why GHI Bonds will show the greatest change in price.
For instance, suppose interest rates in the economy were 6% and increased to 8%, the attractiveness of the 5% bond would decrease the most because there is a chance to earn 3% more in the market than from that bond.
Shriver Corp. borrows $25,000 from a bank and signs a two-year promissory note. What accounts will be affected by this transaction and what is the effect?
Answer:
The Accounts affected are :
Cash Note PayableEffect of this transaction is :
Increase the Assets of CashIncrease the LiabilitiesExplanation:
The entry to record this transaction is :
Cash $25,000 (debit)
Note Payable $25,000 (credit)
Being recognition of Note Payable arising due to signing of a two-year promissory note.
Colleges use________ management systems (LMSs) to set up web-based training sites where students can check their progress in a course, take practice tests, and exchange messages with the instructor or other students.
Answer:
Learning
Explanation:
learning management systems is a software designed for the purpose of making educated content go round. It makes learning easier.
It should be noted that Colleges use this learning management systems (LMSs) to set up web-based training sites where students can check their progress in a course. With this software student can take test in preparation for their exam
You see information everywhere. Sometimes it is useful and sometimes it is not. Think of a scenario in which you think information can become a liability
Answer:
Getting Hacked
Explanation:
Information is one of the (if not the most) powerful weapon that exists and a great asset to those that possess it. That being said if you get hacked and that information gets stolen it can easily turn from being an asset to a liability. The individual that stole this information can use it against you in many ways such as stealing money, blackmail, using your identity, etc. The possibilities are endless.
antifreeze is 96 percent of what?
Answer:
ETHYLENE GLYCOL
Explanation:
It never wears out and is what lowers the freezing point of coolant.
Antifreeze is typically composed of 96 percent ethylene glycol (EG).
What is ethylene glycol?Ethylene glycol is a chemical compound that is commonly used in antifreeze and coolant formulations.
It has properties that allow it to lower the freezing point and elevate the boiling point of water, making it suitable for use in automotive cooling systems.
The remaining 4 percent of antifreeze may include additives, corrosion inhibitors, lubricants, and other chemicals that enhance the performance and protect the cooling system from rust, corrosion, and scale buildup.
Learn more about antifreeze at:
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Potlatch Corporation has issued various types of bonds such as term bonds, income bonds, and debentures. Differentiate between term bonds, mortgage bonds, debenture bonds, income bonds, callable bonds, registered bonds, bearer or coupon bonds, convertible bonds, commodity-backed bonds, and deep discount bonds.
Answer:
Term bonds - Term bonds refer to bonds with the same maturity date and on that date their face value must be repaid.
Mortgage Bonds - this is a bond that is backed up by real estate as collateral thus giving the holder of these bonds a claim on said real estate.
Debenture bonds - These types of bonds/ debt instruments are not secured by any collateral.
Income bonds - The coupon payments on such bonds are contingent on whether the company makes enough income to pay them in a given period.
Callable bond - These types of bonds are redeemable before the maturity date by the issuer.
Registered bonds - The bondholder's referent information is held by the issuer the main purpose of which is to ensure that payments are going to the right address.
Bearer or coupon bonds - These types of bonds can be transferred from one owner to another as the bond is not recorded in the holder's name.
Convertible bonds - These bonds are convertible into shares in the issuing company.
Commodity-backed bonds - Such bonds are valued based on the value of a certain asset that will be specified in the agreement.
Deep discount bonds - This kind of bond is sold at 80% or less than its face value.
Good X and Good Y are related goods. When the price of Good X rises by 20 percent, the quantity demanded for Good Y falls by 40 percent. What is the cross-price elasticity?
Answer:
-2
Explanation:
Good X and Y are related goods
When the price of Good X rises by 20 percent the quantity for Good Y falls by 40 percent
Therefore the cross price elasticity can be calculated as follows
= -40/20
= -2
Hence the cross price elasticity is -2
The three basic forms that a product can take are Question 5 options: A) markets, products, and images. B) goods, ideas, and intangibles. C) brands, services, and tangibles. D) services, ideas, and goods. E) ideas, services, and things.
Answer:
D) services, ideas, and goods.
Explanation:
A product can take the form of a service, an idea, or a good.
A service is a product in which no tangible goods are transferred.
A good is a tangible product that is exchanged between seller and buyer.
And an idea is an intangible product that can also be transferred or exhanged, simply by letting the other person know about it.
What combination of technologies will eventually be used to handle "shopping cart" activity as a website develops?
Answer:
MySQL and PHP
Explanation:
The combination of technologies that will eventually be used to handle "shopping cart" activity as a website develops are "MySQL and PHP".
MySQL has databases which is usually used PHP. It's open source and also free. It uses Structured Query Language.
PHP is a scripting language which is used in the development of websites. It can connect to databases and also manipulate databases.
Ronaldo is in the planning stage of writing a message. During which of the following steps in the planning process is he most likely to review the sales reports of the last three quarters?a. determining goalsb. analyzing the audiencec. gathering and collecting informationd. analyzing and organizing informatione. choosing a form, channel, and format for the message
Answer:
c. gathering and collecting information
Explanation:
When Ronaldo is gathering and collecting information he would need to get relevant data from the sales report of the last three quarters.
According to the U.S. Public Health Service, a "significant financial interest" includes royalty income paid to an investigator and its disclosure is required except _____
Answer: except if the income is from the institution which currently employs the investigator.
Explanation:
According to the U.S. Public Health Service, it should be noted that the investigators are typically expected to disclose the travel that is either sponsored or reimbursed by public traded company.
According to the U.S. Public Health Service, a "significant financial interest" includes royalty income paid to an investigator and its disclosure is required except if the income is from the institution which currently employs the investigator.
c) What are the major jobs of a nurse?
Answer:
1) Conduct physical exams
2) Take a detailed heath care histories
3) Provide counselling and health care to patients
4) Listening to the patients and analysing the physical and emotional needs
Fill in the blank: During the attract stage of the inbound methodology, an inbound business focuses on __________________. (Choose all that apply.)
Hi, this is an Incomplete question.
Here are the options:
becoming a trusted advisor to a prospectattracting prospects and customers through relevant and helpful contentimmediately adding value to a prospect’s buyer’s journeyexceeding a prospect’s expectations in the buying process so that they’ll want to tell their friends and family about your companyAnswer:
attracting prospects and customers through relevant and helpful contentExplanation:
Interestingly, the inbound methodology describes the process of attracting, converting visitors into customers, also with the aim of making them promoters of the business.
Thus, the first stage which is the attract stage is concerned with the attraction of customers via TV or radio adverts, online marketing, etc.
Paige, age 17, is claimed as a dependent on her parents' 2017 return, on which they report taxable income of $120,000 (no qualified dividends or capital gains). paige earned $3,900 pet sitting and $4,100 in interest on a savings account. what are paige's taxable income and tax liability for 2017? if an amount is zero, enter "0".
Answer:
taxable income = $3,750
tax liability = $675
Explanation:
Paige's total gross income = $3,900 + $4,100 = $8,000
minus standard deduction = earned income + $350 = $3,900 + $350 = $4,250
Paige's total taxable income = $8,000 - $4,250 = $3,750
now we must determine Paige's unearned taxable income = $4,100 - $1,050 - $1,050 = $2,000 ⇒ these $2,000 will be taxed at her parents marginal tax rate (using the 2017 tax brackets for married filing jointly, their marginal tax rate is 25%)
total tax liability:
$2,000 x 25% = $500
($3,750 - $2,000) x 10% (lowest bracket) = $175
total tax liability = $675
Correctly match the accounting treatment with the specific scenario described.
1. Loss is probable and not reasonably estimable.
(a) Disclosure note only.
(b) Liability is accrued and related information disclosed.
(b) No disclosure note needed.
2. Loss is remote
(a) Disclosure note only.
(b) Liability is accrued and related information disclosed.
(b) No disclosure note needed.
3. Loss is probable and reasonably estimable.
(a) Disclosure note only.
(b) Liability is accrued and related information disclosed.
(b) No disclosure note needed.
4. Loss is reasonably possible and not reasonably estimable.
(a) Disclosure note only.
(b) Liability is accrued and related information disclosed.
(b) No disclosure note needed.
Answer:
1. a
2. a
3. b
4. a
Explanation:
A liability is a present obligation of the entity arising as a result of past event, the settlement of which will result in the outflow of economic benefits. It is presented in the Statement of Financial Position
A provision is a liability of uncertain timing and amount. It is also presented in the statement of Financial Position and disclosed.
A contingent liability is an obligation that arises from past event and whose existence will be confirmed by the occurrence or non-occurrence of one or uncertain future events, not wholly within the control of the entity. Contingent liabilities are not recorded in Financial Statements but disclosed in the notes to financial statements.
Organizational culture refers to: a. how a firm acquires, uses, and develops its various resources and capabilities. b. a set of capabilities used to respond to various demands and opportunities existing in a dynamic and uncertain competitive environment. c. an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage. d. the complex set of ideologies, symbols, and core values that are shared throughout the firm.
Answer:
d. the complex set of ideologies, symbols, and core values that are shared throughout the firm.
Explanation:
The area of accounting that serves the decision-making needs of internal users is referred to as (managerial/financial/research)
Answer: Managerial Accounting
Explanation:
Managerial accounting refers to the preparation of reports and analysis from the company's accounting information to enable managers decide the ways to go with a company.
This type of accounting is for internal use and so is not subject to the kind of scrutiny that financial accounting gets from accounting bodies such as IASB and the FASB.
An example would be the Supply Manager may ask for a report to be made showing them the increase in supply costs for the past decade from their preferred supplier to enable them make a decision on if to find a new supplier.
The goal of ________ is to inform and remind people in a target market about specific products, eventually persuading them to participate in an exchange. Group of answer choices
Answer:
Promotion
Explanation:
The goal of Promotion is to inform and remind people in a target market about specific products, eventually persuading them to participate.
Promotion in marketing brings publizicing which is very crucial for great sales and good returns. It should be noted that promotion could be inform of advertisement, giving discount to consumer and all actions that could aware people about a product or services.
A business function, like accounting and human resources, which moves information about people, products, and processes across the company to facilitate decision making and problem solving is called____________.
Answer:
Management Information System
Explanation:
MIS which stands for Management Information System which is designated for decision making. It is not any kind of software, rather it is a system developed by gathering information from different resources in the organisation.
These resources include people, processes, products etc:
In order to control, and more importantly co-ordinate between various activities of the organisation, this provides for better control and solving the problems in the organisation.
This system works on creating information through study of various above stated resources in the organisation.
What happens to the price of these needed goods if production declines and there are fewer goods to go around?
Answer:
the price increases
Explanation:
its inflation due to the decrease in production of the the product but not the need for it the price will rise.
Plz help! Describe two ways commercial banks could lend euros to individuals and firms?
Answer:
A bank is a financial institution which is involved in borrowing and lending money. Banks take customer deposits in return for paying customers an annual interest payment. The bank then uses the majority of these deposits to lend to other customers for a variety of loans.
Commercial Bank
A bank is a financial institution which is involved in borrowing and lending money.
Firms
Answer:
Based on a common source of balance sheet data for four largest economies of the euro area over the period 1999-2011 the two main regularities were discovered first the effect of monetary policy on bank lending is significant and heterogeneous. Second,there is some evidence that monetary policy exerts larger effect on cooperative and saving banks with lower liquidity and less capital.
Explanation:
Yogesh and Naresh are partners sharing ratio 3:2. They admit ramesh for 1/3rd share on 1st april ,2020 and also decide to share future profits equally. Balance sheet of the firm as at 31st march,2020 was as follows:Liabilities AssetsCapital A/cs: Land 4,00,000Yogesh 5,00,000 Building 4,00,000Naresh 5,00,000 10,00,000 Furniture 50,000Current A/cs: Computer 1,00,000Yogesh 1,10,000 Stock 1,50,000Naresh 90,000 2,00,000 Sundry Debtors 2,10,000Employees' Provident Fund 25,000 Less: Provision for Doubtful Debts 10,000 2,00,000Workmen Compensation Reserve 1,00,000 Cash 10,000Sundry Creditors 75,000 Bank 70,000Expenses Payable 10,000 Advertisement 14,10,000 Suspense 30,000 14,10,000They admitted Ramesh on the following terms:A) He will bring 5,00,000 as his capital.B) His share of goodwill is valued at 1,00,000 but he is unable to bring cash for his share of goodwillC) Value of Land and Building is to be appreciated by 40,000 each.D) Value of Furniture to be reduced to 40,000.E) Provision for Doubtful Debts to be increased to 10%.F) A liability for damages of 10,000 is to be created.
Answer:
Gain on revaluation is 49,000.
Explanation:
Sacrificing Ratio:
Previous Ratio 3:2
New ratio 1:1:1
Sacrificing ratio is new ratio - previous ratio
Sacrificing ratio 4:1
Share of Goodwill
Yogesh share 100,000 * 4/5 = 80,000
Naresh share 100,000 * 1/5 = 20,000
The journal entries are:
Furniture (Dr.) 10,000
Doubtful debt provision (Dr.) 10,000
Liability for damage 10,000
Land (Cr.) 40,000
Building (Cr.) 40,000
Transferable skills necessary for successful employment include _____.
a. basic skills
b. thinking skills
c. personal qualities
d. all of the above
Answer:
d u need them in all work environments for u to thrive
Answer:
Answer is option d i.e. all of the above.
Explanation:
Transferable skills are the skills or qualities that an individual has acquired through their learning processes in school, colleges, and life. These skills are those qualities that help an individual to land a successful job. Therefore, all three skills mentioned, which are basic skills, thinking skills, and personal qualities; above are included in transferable skills. Hence, the answer is option d.
1+2+3+4+5+6+7+8+9+10+11+12+13+14
Answer:
105
Explanation:
1+2+3+4+5+6+7+8+9+10+11+12+13+14 = 105
Answer: 105
Explanation:
Marissa is traveling in Great Britain and is surprised when the server brings her cookies when she ordered biscuits for breakfast. What communication concept best explains the mix-up?A. Communication is symbolic.
B. Communication is relational.
C. Communication is a process.
D. More communication is always better.
Answer:
B. Communication is relational.
Explanation:
Communication being relational is the best concept that explains the mixup between the server and Marissa who is travelling through Great Britain. For Marissa to request for biscuits, the sever was able to relate her request to cookies which is commonly served as a breakfast meal in Britain. Hence the reason why she brought it to her.
Sally earned a 10 percent increase in her salary and received the entire increase at the beginning of the year, with the stipulation that she would not leave the company in that year. Five months later, she quit her job and went to work for a competitor. She had to return the 10 percent payment she had received because she had violated a rule for:_________
A) lump-sum salary increase.
B) profit-sharing.
C) commission.
D) employee benefit.
E) wage compensation.
Answer:
A) lump-sum salary increase.
Explanation:
Since in the question it is mentioned that Sally earned an increase of 10% in her salary and received an overall rise at the starting of the year in case that she do not leave the company.
Now after five months she quit a job, work for a competitor due to which she had to pay back the 10% payment as she break the rule of increase in lump sum salary
Therefore the correct option is A.
An employee has enrolled in his company's nonqualified deferred compensation plan. The benefit paid at the time of the employee's retirement is:_______.
A) taxable as ordinary income to the employee and can be taken as a deduction by the employer.
B) taxable as ordinary income to the employee with no benefit allowed to the employer.
Answer:
A) taxable as ordinary income to the employee and can be taken as a deduction by the employer.
Explanation:
When an employee defers to receive the compensation plan he gets the benefit of lower tax bracket each year, ultimately decreasing his tax liability.
Further when he receives the complete amount his income stands taxable. Accordingly at that time ordinary tax rates as per FICA are applicable.
On the employers part it is only deductible when the employee includes it in the income of the year, and pays tax on such compensation received.
Thus, when he receives it as compensation on retirement it is normally taxable at ordinary rates to the employee and deduction can be claimed by the employer.