If a journal entry includes a debit or credit to the Retained Earnings account, it is most likely a closing entry.
Closing entries are made at the end of an accounting period to reset the balances of temporary accounts, such as revenues and expenses, to zero in preparation for the next accounting period. The Retained Earnings account is a permanent account that reflects the cumulative earnings or losses of a business since its inception. It is updated by closing entries, which transfer the balance of the temporary accounts to Retained Earnings.
Closing entries consist of two parts: 1) the transfer of the balances of revenue and expense accounts to an income summary account, and 2) the transfer of the balance of the income summary account to Retained Earnings. If a debit or credit is made to Retained Earnings, it is part of the second step of the closing entries. A debit to Retained Earnings indicates that the business incurred a net loss for the period, while a credit to Retained Earnings indicates that the business earned a net income for the period.
Adjusting entries, on the other hand, are made to update accounts for transactions that have not yet been recorded, such as accrued expenses or unearned revenues. Ordinary transaction entries are made for regular business activities such as sales, purchases, and payments. Entries that fall outside of the accounting cycle are rare and usually involve nonrecurring events such as a lawsuit settlement or sale of a long-term asset.
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An included diamond crystal that reaches the surface of a cut diamond is called a?
An included diamond crystal that reaches the surface of a cut diamond is called a knot.
Knots: A crystal inclusion that appears as a knot on the diamond's surface. Given that a knot inclusion may be seen with the unaided eye, diamonds with this fault are typically given a lower clarity grade.
Knots affect a diamond's overall durability in addition to being fairly obvious within the stone (and often not even requiring a magnifying to notice them).
Small flaws observed within the diamond's structure are known as inclusions. The intense pressure and heat that carbon experiences during the transformation of carbon into diamond causes the inclusions. A crucial aspect in judging diamond clarity is inclusions.
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If company managers want to pursue cost-saving actions that can potentially result in their company achieving a sustainable cost advantage over rivals because the company's actions to cut costs cannot be detected by rivals from the information in either the FIR or the Comparative Competitive Efforts section of the CIR, then they should consider
They should consider all possible means of boosting worker productivity in ways that lower labor costs per pair produced.
Expressing unit hard work cost in this manner indicates that will increase in hourly reimbursement generally tend to increase unit hard work expenses, and increases in output in keeping with hour worked—hard work productiveness have a tendency to lessen them. accordingly, hard work productivity will increase can offset the impact of wage will increase on unit labor fees.
Effective exertions, in step with Smith, become any paintings that fixed themselves in a tangible item. Unproductive exertions, become any work where the value becomes fed on as soon as it is turned into created. Smith contrasted the function of workers in a production plant (effective paintings) with the tasks of a servant (unproductive work).
Human capital is the most essential supply of financial increase because it immediately increases hard work productivity and is the supply of discovery of the latest technologies. Human capital comes from education and schooling, activity revel in, and health and weight-reduction plan. new generation growth hard work productiveness.
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Elaine wants to see her family during the Christmas holiday. Joseph wants to see his family, as well, but does not feel as strongly about it. What management style will Joseph use
Answer: compromise
Explanation:
Which of porter’s five forces was likely the most powerful factor influencing the failure of blackberry?
Answer is the threat of substitute products or services.
Rivalry among the existing competitors was not a significant factor in the BlackBerry's downfall because they were not able to produce any form of alternative to the iPhone, and the users switched from the BlackBerry phones to the iPhones. The danger of replacement products is one of the Porter's five factors, and it indicates that there are alternative items that are likely to steal the company's market share. The downfall of the BlackBerry was caused by the substitute product in the shape of the iPhone.
All of the other allegations are untrue because there were no new entrants and the suppliers threatened because they were unable to upgrade their product.
Therefore, (B) Threat of substitute products or services is the correct answer is the correct answer.
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If a firm is more concerned about the quick return of its initial investment than it is about the amount of value created, then the firm is most apt to evaluate a capital project using the _____ method of analysis. Group of answer choices
The firm is most apt to evaluate a capital project using the payback method of analysis. Group of answer choices.
Methods evaluation is taking a look at how a process is performed. whereas job layout shows the structure of the job and names the responsibilities inside the structure, methods evaluation details the obligations and the way to do them. The system concerned with the distinct procedure for doing a particular job.
Financial evaluation has three sub-divisions: vertical analysis, horizontal analysis, and monetary ratios. Horizontal analysis is one of the primary strategies in financial management.
Contemporary strategies for chalcogen compounds evaluation and structural dedication discussed encompass: UV-seen and infrared spectroscopy (UV-Vis and IR), thermo analysis, electrochemistry, magnetic evaluation, chromatography, X-ray techniques (ordinarily XRF, XRD, and EDX), high-decision microscopy (SEM and TEM)
The question is incomplete. Please read below to find the missing content.
If a firm is more concerned about the quick return of its initial investment than it is about the amount of value created, then the firm is most apt to evaluate a capital project using the _____ method of analysis.
A. modified internal rate of return
B. profitability index
C. internal rate of return
D. net present value
E. payback
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On the statement of cash flows, the cash flows from operating activities section would include:.
One thing that would be included in the cash flows from operating activities section is (d) cash receipts from sales activities.
What goes into operating activities?This includes all cash transactions that relate to the day to day running of the business as it works to earn revenue.
The receipts that are received from cash sales would therefore go into this section as it relates to revenue.
Options for this question include:
(a) receipts from the issuance of common stock
(b) receipts from the sale of investments
(c) payments for the acquisition of investments
(d) cash receipts from sales activities.
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what are some things you want money can buy
Answer:
I want a new car and a home.
Explanation:
The daily and weekly plans used by department managers are: Multiple choice question. tactical plans operational plans strategic plans contingency plans
The daily and weekly plans used by department managers are Operational Plans.
What are Operational Plans?The activities and goals that the organization will pursue to work toward accomplishing the goals and objectives outlined in the strategic plan are outlined in an operational plan. It offers the structure for a company's daily activities. A one-year period is covered by an operational plan. Annual operational plans should be used to support your strategic plan. Where there is paid employees, senior staff members will frequently create these; nevertheless, they need management committee approval. The Management Committee can then assess progress towards achieving the strategic aims and objectives based on reporting against the operational plan.An operational plan would be used by a department manager as a tool for making daily and weekly assignments.
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What government program or service would affect you and/or the nation the most if it were suspended as a result of not paying taxes?.
Treasury Offset Program government program or service would affect you and/or the nation the most if it were suspended as a result of not paying taxes.
What does the Treasury Offset Program entail?The federal government might owe money to people, companies, states, and other organizations. It's a debt, that. The debt gets overdue if they don't pay it on time (delinquent). The Treasury Offset Program (TOP) withholds funds from a federal payment to the debtor when the debt is passed late in order to assist in collecting the debt. (Offering to withhold funds from payment is known as "offsetting the payment" or "administrative offset").
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Suppose you transfer $500 from your savings account to your checking account. With this transaction, M1 _____ and M2 _____. decreases; decreases increases; stays the same increases; decreases stays the same; decreases
The M1 decreases and M2 stays the same as one transfer $500 from your savings account to your checking account.
What is M1 & M2?The M1 means the most liquid money that comprised of the currency, traveler’s check, and checking account deposits.The M2 is broader measure of Ms although it is has a less liquid measure compared to M1 and consists of currency, traveler’s checks, checking deposits, savings accounts, money market mutual funds etcRead more about money supply
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The market price of hamburgers in a college town decreased recently, and the students in an economics class are debating the cause of the price decrease. Some students suggest that the price decreased because several new burger joints have recently opened in the area. Other students attribute the decrease in the price of hamburgers to a recent decrease in college student enrollment.
The reason for the decreased price is that several new burger joints have recently opened in the area.
If the price of hamburgers will increase, hamburgers will appear greater luxurious, so clients will call for fewer hamburgers at that price. this transformation will only affect the quantity demanded at that price, on no account possible prices of hamburgers.
The supply curve suggests the relationship between the fee of a good and the quantity furnished, with different determinants of supply held regular. consequently, whilst the charge of the good modifications, the result is a movement along the supply curve not a shift of the entire supply curve.
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Cash equivalents do not include:
Cash equivalents do not include High-grade marketable equity securities.
Examples of cash equivalents include industrial paper, Treasury payments, and quick-time period government bonds with an adulthood date of 3 months or much less. Marketable securities and money marketplace holdings are taken into consideration as coin equivalents because they may be liquid and not subject to fabric fluctuations in cost.
Cash consists of prison soft, payments, coins, assessments received however no longer deposited and checking and savings debts. Coins equivalents are any short-time period investment securities with maturity intervals of 90 days or much less.
In keeping with worldwide Accounting popular 7 (IAS 7), cash “contains cash accessible and demand deposits”. And coins equivalents “are quick-term, quite liquid investments which are readily convertible to acknowledged amounts of coins and which are a challenge to a trifling hazard of modifications in price”.
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Floating rate bonds are Group of answer choices a sequence of small bond issues of progressively longer maturity. bonds with fixed interest payments. bonds with interest rates that change with current interest rates. short-term debt obligations that the U. S. government sells to financially stable companies to raise money.
Floating Rate Bonds are bonds with interest rates that change with current interest rates.
What are Floating Rate Bonds?
Bonds with a floating interest rate, as opposed to traditional bonds, pay an interest rate that is variable and resets on a regular basis. The federal funds rate or the London Interbank Offered Rate (LIBOR) plus an additional "spread" are typically the bases for the rates. LIBOR is a benchmark rate that banks use for making short-term loans to other banks, much like the federal funds rate.For example, if a rate is stated as "LIBOR + 0.50 percent," the rate would be 1.50 percent if LIBOR were at 1.00 percent. The yield varies over the security's lifetime as current interest rates vary, but the spread (+0.50) often doesn't.Floating rate bonds offer potential benefits to investors by providing variable interest, which is set by a coupon rate that fluctuates in line with the market interest rate.
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One problem with government operation of monopolies is that?
One problem with government operation of monopolies is that the government typically has little incentive to reduce costs.
What is a monopoly?A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.
An example of a monopoly is a utility company
Here is the complete question:
One problem with government operation of monopolies is that a. a benevolent government is likely to be interested in generating profits for political gain. b. the government typically has little incentive to reduce costs. C. a government-regulated outcome will increase the profitability of the monopoly. d. monopolies typically have rising average costs.
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Design teams for car manufacturers create new vehicle models. What type of team does this exemplify?.
Design teams for car manufacturers create new vehicle models. The team exemplify their creativity.
What is Creativity?The phenomenon of creativity is the formation of something fresh and worthwhile. An idea, a theory of science, a piece of music, a joke, or a physical object are examples of intangible creations (such as an invention, a printed literary work, or a painting).Psychology, business studies, and cognitive science are the main academic fields with an interest in creativity. The humanities, technology, engineering, philosophy (especially philosophy of science), theology, sociology, linguistics, the arts, economics, and mathematics are other fields where it is present.These fields examine the connections between creativity and general intelligence, personality type, mental and neural processes, mental health, or artificial intelligence.They also examine the potential of education and training to foster creativity, the development of creativity for the benefit of the national economy, and the use of creative resources to enhance teaching and learning.Know more about creativity
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A sales associate has been hired to write blog posts that will be regularly published on a blog about new beauty products. The blog posts are designed to include the seo terms that relate to the company’s newest skin care product, using the keywords that will also be used in their advertising campaigns. What part of the e-commerce timeline would this be a part of?.
"A sales associate has been hired to write blog posts that will be regularly published on a blog about new beauty products." Social Media Planning is part of the e-commerce timeline. This is further explained below.
What is Social Media Planning?Generally, A social media strategy, or strategy for using social media, is a comprehensive list of all the things you want to do and accomplish on your various social media sites.
In conclusion, "A sales associate has been employed to create blog entries that will be routinely published on a site about new beauty items," the sentence said. "The blog will discuss new beauty products." The planning of social media campaigns is included in the e-commerce timeline.
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A project budget report is showing our project as spending $35,000 against a budgeted amount of $40,000. Which of the following is true
From the above information, it is true that the company is running a budget deficit.
What is budgeting?Budgeting is the process of planning for an allocating resources efficiently and effectively.
A budget deficit is when the expended amount is above the budgeted figure.
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True or false: To purchase a closed-end mutual fund, you would purchase shares directly from the mutual fund company at any time.
Answer:false
Explanation:
The statement - "To purchase a closed-end mutual fund, you would purchase shares directly from the mutual fund company at any time" is false.
What is mutual fund?A mutual fund is an investment vehicle that is professionally managed and combines money from numerous individuals to acquire assets.
The name is commonly used in the United States, Canada, and India, whereas similar structures in other parts of the world include the SICAV in Europe and the open-ended investment company in the United Kingdom.
A closed-end fund is a form of mutual fund that raises capital for its initial investments by issuing a limited number of shares in a single initial public offering (IPO).
Its shares can then be purchased and sold on a stock market, but no new shares are generated, and no new money enters the fund.
"To acquire a closed-end mutual fund, you would purchase shares directly from the mutual fund company at any time," is a false statement.
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Microeconomics is the study of: __________
a. global economies.
b. productivity in other countries.
c. the entire u.s. economy.
d. the decisions made by individuals.
e. the national unemployment rate.
Microeconomics is the study of the decisions made by individuals.
Microeconomics is the study of individuals, households and firms behavior in decision making and allocation of resources of production, exchange, and consumption. Microeconomics deals with prices and production in single markets and the interaction between different markets.
In the economy, microeconomics applies to markets of goods and services and deals with individual and economic issues. Microeconomics is important as it provides the required tools that enable the formulation of various economic policies.
Individual income and savings, consumer equilibrium, are examples of microeconomics.
Hence, microeconomics is the study of the decisions made by individuals in the economy.
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What output quantity will the monopolistically competitive firm produce to maximize profits?
The output quantity which the monopolistically competitive firm produce to maximize profits is when, "the marginal cost equals the marginal revenue."
In the monopolistically competitive firm, a monopolist can determine its profit-maximizing price and quantity by analyzing the marginal revenue and marginal costs of producing an extra unit. If the marginal revenue exceeds the marginal cost, then the firm should produce the extra unit.
The profit-maximizing quantity is the one at which the marginal revenue of the last unit was exactly equal to the marginal cost. Thus, producing any more or less would decrease profits.
Hence, the monopolistically competitive firm produce output quantity when the marginal cost equals the marginal revenue.
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With a _______ lifestyle, people select products and services that fulfill their diverse needs and interests, rather than conforming to traditional stereotypes.
Answer: component
Explanation:
Tellado industries, a calendar-year company, purchased equipment on january 2nd, 2018, for $112,000. The equipment was intended to be used for seven years and is depreciated using the straight-line method with no expected salvage value. On july 1st, 2022, tellado sells the equipment for $43,000. Journalize the entry to record the sale.
The sale of equipment is $43,000.
What are sales?All of the company's credit-based sales are tracked in the sales diary. These sales are typically made up of inventory sales or sales of other goods. Keep in mind that the sales diary only records credit sales of inventory and product goods. Inventory cash sales are noted in the cash receipts journal. As an illustration, a business completes a $1,000 credit sale with a 5% sales tax. The cost of the sold goods is $650. Accounts receivable for $1,050 is the sales journal entry.
(journal entries are in the attached image)
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Data indicated that jeff's fidgeting accounted for _____ of his calorie burn.
a. one-quarter
b. three-quarters
c. one-half
d. virtually all
Data indicated that jeff's fidgeting accounted for c. one-half of his calorie burn.
The more energetic you are, the greater calories you burn. In reality, some individuals who are stated to have a quick metabolism are possibly just greater lively and perhaps fidget more than others. aerobic exercising is the most efficient way to burn calories and includes sports consisting of taking walks, bicycling, and swimming.
Most people will burn over 1800 calories each day, without doing any exercise in any respect. As Dr Potter explains, this is because we burn maximum of our calories just via each day bodily features. “Our bodies have all forms of distinctive house responsibilities capabilities they must preserve even at relaxation.
As a widespread guiding principle, girls usually burn approximately 2,000 calories in step with day and men burn about 2,500 energy consistent with day. those numbers are frequently used to determine an approximate food intake for weight protection. however these numbers are especially variable.
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Geraldo gauged the level of exposure to his marketing campaign using the percentage of the target population exposed at least once to his advertisement, representing its:_____.
Geraldo gauged the level of exposure to his marketing campaign using the percentage of the target population exposed at least once to his advertisement, representing its integrated market communication as well as marketing plan.
Marketing plan is the plan made by any organization to communicate about its products when they are new to launch them in the market.
Integrated market communication is the process which includes different marketing campaigns and marketing plans to define what they want to achieve through the marketing process.
In communicating with the target market The AIDA model is used.
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A bank loaned out $26,000, part of it at the rate of 12% annual interest, and the rest at 3% annual interest. The total interest earned for both loans was $1,455.00. How much was loaned at each rate
The amount loaned for 12% annual interest is $ 7,500 and amount loaned for 3% annual interest is $ 18,500 .
Solution:Let us assume that the amount loaned for 12% annual interest is x
then amount loaned for 3% annual interest is $ 26,000 - x.
Total Interest = Interest on 12% amount + Interest on 3% amount
[tex]\frac{12}{100}[/tex] × x + (26,000 - x) × [tex]\frac{3}{100}[/tex] = 1,455
0.12x + 0.03 × (26,000 - x) = 1,455
0.12x + 780 - 0.03x = 1,455
0.09x = 1,455 - 780
0.09x = 675
x = $ 7,500
Also, the amount loaned at 3% is 26,000 - 7,500 = $18,500
What are bank loan?bank loans are debt Interest that a bank or other financial institution issues to a company, repackages, and then sells to investors.The Interest that has been repackaged comprises of several loans. Prior to any other financial commitments, senior bank loans have a legal claim to the borrower's assets.Know more about bank loans https://brainly.com/question/27380105
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Holding the nonprice determinants of demand constant, a change in price would:
Holding the nonprice determinants of demand constant, a change in price would result in either a decrease in demand or an increase in demand.
An alternate in a nonprice determinant changes the relationship between rate and amount demanded, either increasing or reducing the amount demanded at every rate. on occasion referred to as non-very own-rate determinant. A boom or decrease in the amount demanded of an awesome, service, or resource at each fee.
The demand curve shifts horizontally. A surplus will arise in a market if: the quantity provided at a given rate exceeds the amount demanded at that rate.
Whilst a nonprice determinant of demand modifications calls for curve shifts, there may be a boom or lower in demand. when the rate of great adjustments, we move along the demand curve to a new factor on the curve, and there's a boom or lower in quantity demanded.
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When manufacturing overhead costs are assigned to production in a process cost system, they are debited to.
When manufacturing overhead costs are assigned to production in a process cost system, they are debited to a work in process account.
What Is a Work-in-Progress (WIP)?Production and supply-chain management terms for partially finished goods that are awaiting completion include "work-in-progress" (WIP). Raw materials, labor, and overhead expenses expended for goods that are in different phases of manufacturing are referred to as "work in progress," or WIP.
On the balance sheet, WIP is a part of the asset account for inventory. The finished goods account receives these costs after which they are ultimately passed to the cost of sales.
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Food and energy prices often complicate the measurement of inflation because supply and demand for these products ______.
Food and energy prices often complicate the measurement of inflation because supply and demand for these products (A) often change, creating temporary changes in prices.
What are supply and demand?In microeconomics, supply and demand is an economic model of market price determination. It assumes that all else being equal, in a competitive market, the unit price for a specific good or other traded item, such as labor or liquid financial assets, will fluctuate until it settles at a point where the quantity demanded (at the current price) equals the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted. It is the theoretical foundation of modern economics.The aggregate demand-aggregate supply model has also been used in macroeconomics to describe how the quantity of total output and the aggregate price level can be set in equilibrium.Therefore, food and energy prices often complicate the measurement of inflation because supply and demand for these products (A) often change, creating temporary changes in prices.
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Complete question:
Food and energy prices often complicate the measurement of inflation because supply and demand for these products ______.
A. Often change, creating temporary changes in prices.
B. Are stable in the short run and unstable in the long run.
C. Typically lags behind other goods and services.
D. Are constant, so equilibrium prices rarely change.
Answer:
often change, creating temporary changes in prices
Implementing an enterprise system for a large organization is most accurately described as _____. Group of answer choices a low-risk, gradual change somewhat difficult a huge demand on resources doomed to failure
Implementing an enterprise system for a large organization is most accurately described as a customer relationship management system. Group of answer choices a low-risk, gradual change somewhat difficult a huge demand on resources doomed to failure.
Customer relationship management (CRM) is the strategy companies use to manage their interactions with customers and prospects. CRM helps businesses streamline processes, build customer relationships, increase sales, improve customer service, and increase profitability.
A system management platform like CRM connects all your sales reps and customer data in one place. A CRM consolidates all communications (form-fills, phone calls, emails, texts, meetings), documents, quotes, purchases, and tasks associated with each lead and customer. Your entire team can access these details at the right time to close a sale or provide excellent service.
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A cash payment made by a firm to its owners when some of the firm's assets are sold off is called a: regular cash dividend. special dividend. liquidating dividend. share repurchase.
(a). A cash payment made by a firm to its owners when some of the firm's assets are sold off is called a: Liquidating dividend
What is a dividend?
A dividend is a payment made to shareholders in exchange for their investment in a company. Dividends can be distributed in a variety of ways, including cash payments or additional stock..
More about Liquidating dividend:
A liquidating dividend is a dividend paid by a company during its liquidation process. Liquidation is the process by which a company ceases operations and exits the market. Voluntary or involuntary liquidation (forced). A liquidating dividend is also known as a liquidating distribution or a terminal distribution, as it involves the distribution of semi-liquid and liquid assets among the shareholders of the company. When the operators of a business believe they can no longer sustain operations, they wind down the business and return the assets of the business to shareholders via dividend payments.
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