True. Revenue can be recognized before cash is received, after cash is received, or when cash is received.
Before cash is received, revenue can be recognized using the accrual method of accounting. Under the accrual method, revenue is recognized when it is earned and when all of the criteria have been met for revenue recognition, regardless of when cash is received. After cash is received, revenue can be recognized using the cash method of accounting, where revenue is only recorded when cash is received. Finally, revenue can also be recognized when cash is received if the customer pays in full at the time of purchase.
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Scott Weisberg feels his job at Wendy’s includes all the following except
a) serving a senior leadership team member who makes strategy decisions.
b) serving as a manager of the human resources leadership team.
c) serving as a function leader who supports an agenda to assist franchisees and business partners in the company.
d) supervising the Board of Directors.
e) being a confidant to the CEO.
Scott Weisberg feels his job at Wendy’s includes all the following except Supervising the Board of Directors .
What is Scott Weisberg ?
Having worked in the medical industry for more than 27 years, Scott Weisberg, MD, is a Family Medicine Specialist in Birmingham, Alabama.
In 1996, he received his degree from ALBANY MEDICAL COLLEGE. His connection to Brookwood Baptist Medical Center is established. New clients and telehealth appointments are both accepted at his practice.
What function does the board of directors serve?
The board of directors' primary responsibilities include selecting the company's CEO or general manager and determining the company's overall strategy.
All other personnel must be hired by the CEO or general manager, who is also in charge of managing the company's daily operations.
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what company has spent the most money on super bowl advertisements of all time?
The company that has spent the most money on Super Bowl advertisements of all time is Amazon.
What is an advertisement?Advertising, sometimes referred to as an advert or ad, is typically seen as a form of public discourse that supports a good, service, organization, or event.
Some people may view the phrase as going even further than that, encompassing any form of sponsored advertising intended to inform or persuade.
Amazon, which spent 32 million dollars to advertise its goods, took the top spot among advertisers.
Therefore, Amazon is the business that has always spent the most on Super Bowl commercials.
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demand is elastic when a given change in price causes a relatively smaller change in quantity demanded.
The given statement "demand is elastic when a certain change in price causes a relatively smaller change in quantity demanded" is true because is correctly defines the concept of elasticity of demand.
Elasticity of demand refers to the responsiveness of quantity demanded to a change in price. When demand is considered elastic, a change in price causes a relatively larger change in quantity demanded, meaning consumers are sensitive to price changes. On the other hand, inelastic demand means a change in price causes a relatively smaller change in quantity demanded, meaning consumers are not as sensitive to price changes.
"
Complete question
demand is elastic when a given change in price causes a relatively smaller change in quantity demanded.
True
False
"
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the market equilibrium price for sugar is $0.06 cents a pound and the market equilibrium is 30 million pounds. which of the following policies would create an excess supply of sugar?
A. a price ceiling of 3 cents a pound
B. a price floor of 10 cents a pound
C. a price floor of 3 cents a pound
D. a price ceiling of 10 cents a pound
The policy that would create an excess supply of sugar would be B. a price floor of 10 cents a pound.
How do price floors create excess supply ?Price floors create excess supply by setting a minimum price for a good or service that is above the market equilibrium price. When the government imposes a price floor, it forces the price of the good or service to be higher than what it would be in a free market.
The price floor of 10 cents is above the equilibrium which means that people would buy less of sugar and suppliers would supply more which would lead to an excess supply.
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true or false. the amount of investment in an economy exceeds the amount of savings during a recession.
During a recession, more money is invested in the economy than is saved. False.
What are some consequences of increased savings in an economy?Increased overall savings would result in larger investments and faster GDP growth. Because of the high savings rates, there is more capital available, which boosts the nation's economic growth.
Which of the following situations causes the real interest rate to decrease and which does not?Inflation increases while bank interest rates decline. While the nominal interest rate stays the same, inflation rises.
What does an economy's saving rate mean?The savings rate calculates the percentage of gross disposable income that families do not use for final consumption. It is calculated as household savings divided by gross disposable income (unadjusted).
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ABC analysis generally divides on-hand inventory into three classes based upon ______.
A) unit price
B) annual dollar value
C) item quality
ABC analysis generally divides on-hand inventory into three classes based upon C) item quality
What is ABC analysis?ABC analysis is a method in inventory management for categorising inventories in materials management. An inventory is divided into three groups using the ABC analysis: "A" items have very strict controls and precise records, "B" items have less strict controls but nevertheless good records, and "C" items have the most basic controls and the fewest records.
Hence the correct option is item quality.
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What is the difference balance of trade and balance of payment?
The difference between foreign exchange inflow and outflow is known as the balance of payments (BoP). Goods-related transactions are included in the BOT.
Trade is the term for the buying and selling of goods, but import and export are the terms used to describe buying and selling of goods on a global scale. The balance of goods imported and exported into or out of a country during a specific year is known as the balance of trade.
The difference between a country's total exports and imports is its trade balance. The difference between the amount of money entering a country and the amount of money is known as the balance of payments.
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how identify the features of cryptocurrency that are different from standard forms of currency, such as the dollar or the euro.?
Cryptocurrencies have several features that distinguish them from standard forms of currency like the dollar or the euro. Here are some of the key differences:
Decentralization: Cryptocurrencies are decentralized, meaning that any government or financial institution does not control them. Instead, they are powered by a decentralized network of users who verify transactions on a blockchain.
Digital-only: Cryptocurrencies are entirely digital and exist only in the form of computer code. They do not have a physical form like cash or coins.
Security: Cryptocurrencies are secured by cryptography, which makes them difficult to counterfeit or double-spend. Transactions are validated by a network of users, adding an extra security layer.
Volatility: Cryptocurrencies are known for their volatility, with prices often fluctuating wildly in a short period. This is because they are not tied to physical assets or governed by central authority.
Overall, cryptocurrencies offer a new and unique way to transfer value and make transactions. However, they are not yet widely accepted as a form of payment, and there are still some challenges to overcome regarding regulation, security, and usability.
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what is asset liability equity
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. A liability is something that an individual, corporation, or country owes or is responsible for. Examples of liabilities include loans, mortgages, and accounts payable. Equity is the difference between the value of an individual's or company's assets and liabilities.
Equity is the difference between the value of an individual's or company's assets and liabilities. It represents the amount of money that would be left over if all assets were sold and all liabilities were paid off. Equity is also known as shareholder's equity or owner's equity. Examples of assets include cash, investments, property, and inventory. Examples of equity include shares of stock, partnership interests, and retained earnings.
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A successful TQM program incorporates all of the following except A) continuous improvement. B) employee involvement. C) benchmarking D) centralized decision-making authority. E) just-in-time.
A successful TQM program incorporates all of the following except centralized decision-making authority. Option D
Total Quality Management (TQM) is a comprehensive approach to management that seeks to optimize quality and efficiency in all aspects of an organization. TQM programs typically include the following elements: Continuous improvement: TQM involves a continuous effort to improve processes, products, and services.
Employee involvement: TQM recognizes that employees are a valuable source of ideas and expertise, and seeks to involve them in the improvement process. Benchmarking: TQM encourages organizations to compare their performance to that of other organizations in order to identify best practices and areas for improvement.
Just-in-time: TQM emphasizes the importance of timely delivery of products and services to customers, and seeks to minimize waste in all processes. However, centralized decision-making authority is not a component of TQM. Rather, TQM is characterized by decentralized decision-making and empowerment of employees to make decisions and take ownership of the quality improvement process.
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accruals recorded in the salaries and wages expense and salaries and wages payable accounts represent salaries and wages. true or false ?
The given statement " accruals recorded in the salaries and wages expense and salaries and wages payable accounts represent salaries and wages. " is True.
Accruals recorded in the "Salaries and Wages Expense" and "Salaries and Wages Payable" accounts typically represent salaries and wages owed to employees but not yet paid or earned but not yet recorded as an expense.
The "Salaries and Wages Expense" account is used to record the cost of salaries and wages incurred in a specific period, while the "Salaries and Wages Payable" account is used to track amounts owed to employees for work already performed but not yet paid.
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how has walmart staked out a unique strategic position?
By cutting costs to offer lower prices than competitors, Walmart created a distinctive strategic position.
What is Walmart?With its headquarters in Bentonville, Arkansas, Walmart Inc. is a global American retail company that runs a chain of hypermarkets (also known as supercenters), cheap department stores, and grocery stores in the United States. Sam Walton and James "Bud" Walton established the business in the nearby Arkansas town of Rogers in 1962, and on October 31, 1969, it was officially incorporated under the laws of Delaware.
Additionally, it owns and runs retail warehouses for Sam's Club.
Walmart established a distinctive strategic position by reducing expenses to provide lower pricing than rivals.
Walmart's primary competitive advantage is that it offers products at lower prices than its rivals.
Their guiding principle is "everyday low pricing," and their catchphrase is "We save people's money so they may live better."
Therefore, by cutting costs to offer lower prices than competitors, Walmart created a distinctive strategic position.
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A competitive firm currently produces and sells 500 units of output. Its total revenue is $6,000; the marginal cost of producing the 500th unit of output is $14. 50; and the average total cost of producing the 500th unit of output is $9. 50. Is the firm maximizing its profit, or should it increase or decrease output in order to increase its profit?.
Therefore, the firm must amplify its output in order to maximize its profit.
Should a company make bigger output when it makes a profit?When the marginal income equals the marginal cost, the association maximises its stage of profits. Since profit is the basic goal of a firm, therefore the firm need to expand the output in order to expand the profits.
In economics, income maximization happens when there is a most hole between whole revenue (TR) and the complete price (TC). In other words, it occurs when the marginal income of production is equal to or extra than its marginal cost.
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https://brainly.com/question/28253283#SPJ4the majority of products and services are likely to satisfy on?
BOTH psychological and practical requirements.
The corporation must identify the proper BALANCE of functional and psychological needs that best appeals to its target demographic in order to successfully advertise a product.
Who provides the goods and services that satisfy consumers needs and wants?A product is anything that can be supplied to a market in order to satiate a customer's need or desire. In marketing, a product is an item, system, or service that is made accessible for consumer usage in response to consumer demand.
For instance, a car wash might provide complimentary interior vacuuming with each purchase. It's a feature that satisfies the requirement to clean the automobile while also improving the final experience for the customer. Discounts for additional purchases made at that time or on the next purchase are occasionally included in inclusions.
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The decline of the full-service wholesale houses CANNOT be traced toa. competition from the marketing departments of large manufacturers.b. many industries adopting the "continuous process" manufacturing.c. the rise of brand identity.d. All of the above are correct.e. Only a and c are correct.
The correct answer to the question above is option D. "All of the above are correct."
The decline of the full-service wholesale house:The rise of brand identityCompetition from marketing departments of large manufacturersMany industries adopt the "continuous process" manufacturingA full-function wholesaler is a wholesaler offering a complete range of services including selling, buying, storage, sorting, transporting, financing, and providing market feedback risk-taking. Three categories of wholesale trade:Manufacturers' sales branches and officesmerchant wholesalersAgents, brokers, and commission merchantsLearn more about Wholesale at: https://brainly.com/question/28256108
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Which of the following statements describe why accrual accounting better reflects a business's performance? (Check all that apply) Revenues are recorded in the period in which they are earned. Expenses are recognized in the period in which they are incurred. It provides a better focus and understanding of how cash is spent and why it is received Comparability of financial statements is improved,
The greater comparability of financial statements is one benefit, and the following reasons are why accrual accounting more accurately depicts a company's performance.
What is accrual accounting?In financial accounting, accruals relate to the recording of revenues that a company has generated but has not yet been paid for and expenses that a firm has incurred but has not yet paid.
The matching principle, which states that revenues should be recognized when earned and expenses should be matched at the same time as the recognition of revenue, is likewise supported by this approach.
Cash accounting is different from accrual accounting. Cash accounting records income and expenses as they are paid and received. Contrarily, accrual accounting does not directly take into account when cash is received or paid.
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what are the names of the two teams in this year’s super bowl?
The Rams' triumph was their second overall, their first in Los Angeles, and their first since winning Super Bowl XXXIV in 1999 when located in St. Louis.
...
Super Bowl LVI will take place at SoFi Stadium in Inglewood, California, on February 13, 2022.
MVP Cooper Kupp, wide receiver Rams are the 3.5-point favourite.
The Bengals and Rams will play each other in Super Bowl LVI, which will be their first championship matchup. 2. The Bengals are playing in their first Super Bowl since losing to the 49ers 20-16 in 1988.
Although the Philadelphia Eagles are the favourite, the game is predicted to be close because the spread is only 1.5.
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The difference between a nominal variable and a real variable is that:________
The difference between a nominal variable and a real variable is that: a nominal variable is a categorical variable, whereas a real variable is a continuous variable that can take on any numerical value within a given range.
The difference between a nominal variable and a real variable is quite distinct. A nominal variable is a categorical variable, meaning it is used to identify a particular group or category. It does not have any numerical value and is often used to classify data.
On the other hand, a real variable is a continuous variable that can take on any numerical value within a given range. It is used to measure and quantify the data, and is often used in mathematical equations.
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in the solow growth model, if investment is less than depreciation, the capital stock will ______ and output will ______ until the steady state is attained.
In the Solow growth model, if investment is less than depreciation, the capital stock will decrease and output will decrease until the steady state is attained.
Eventually, the economy will reach a steady state, where the amount of investment and depreciation are equal, and the capital stock is no longer declining. At this point, the economy will be producing its maximum potential output given the available resources.
In mathematical terms, we can represent this relationship using the Solow growth model's production function, which relates output (Y) to the amount of capital (K) and labor (L) in the economy, as well as the level of technological progress (A):
Y = F(K, L, A)
The amount of investment (I) in the economy is determined by the savings rate (s) and the level of output (Y):
I = sY
Meanwhile, the amount of depreciation (d) is assumed to be a fixed fraction of the existing capital stock (K):
dK
So, if investment is less than depreciation, we can represent this mathematically as:
sY < dK
This inequality implies that the capital stock will be decreasing over time, which will lead to a decrease in output until the economy reaches its steady state.
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Which of the following is most likely to be a complement to coffee?
a) decal coffee
b) baked beans
c) tea
d) creamer
Option d is the correct option.
creamer is most likely to be a complement to coffee. Creamer is a type of dairy or non-dairy product that is used to enhance the flavor and texture of coffee. It is often used to sweeten and add creaminess to coffee, making it a popular complement to the beverage.
Sugar, water, and oil are used to make dairy-free coffee creamer. Creamers frequently have flavours and a variety of additional additions, such as gums and carrageenan. They are occasionally known as coffee whiteners.
Unlike milk, coffee creamer has calories and fat. In contrast to milk, coffee creamer contains extra substances (such as sugar, artificial flavours, and colorings). In contrast, milk has less sugar and fat than creamer and also has protein and vitamins and minerals like calcium and potassium.
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Elena Fowler is applying for a loan from a bank. The bank knows she owns a house worth $160,000 and a car with a trade-in value of $12,000 as well as other personal assets worth approximately $44,000. Which one of the 5 Cs of credit is the bank looking at?
The bank is looking at Elena Fowler's collateral when considering her loan application. Collateral is one of the five Cs of credit, and it refers to the assets a borrower can pledge to secure a loan.
Collateral refers to the assets or property that a borrower offers as security for a loan.
The other 4 Cs of credit are Capacity (the borrower's ability to repay the loan), Capital (the borrower's net worth), Character (the borrower's credit history and reputation), and Conditions (the overall economic conditions and how they may affect the borrower's ability to repay the loan).
In this case, Elena Fowler owns a house worth $160,000, a car with a trade-in value of $12,000, and other personal assets worth approximately $44,000, which she can use as collateral for her loan.
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Goods are A:A. activities done for us by others. B:B. our desires for things that meet our needs. C:C. things produced for the betterment of all people. D:D. physical objects produced for sale.
tangible products made for sale. Therefore, choice (D) is the right one.
What is meant by Physical object ?A physical object or physical body (or just an object or body) is a collection of matter within a specified contiguous boundary in three-dimensional space, according to both common use and classical mechanics.
The material's characteristics must be used to define and identify the boundary. Over time, the boundary could shift. Typically, the object's visible or palpable surface serves as the boundary.
To a greater or lesser extent, the object's constituent parts are restricted from moving separately. In relation to other things that it is not associated to, the border may move in space (through translation and rotation).
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demand is external to the supply chain and thus is most uncertain at the ____
Demand is external to the supply chain and thus is most uncertain at the customer order cycle.
The external causes that cause demand to unexpectedly rise or fall are referred to as supply chain uncertainty. A public health emergency or even a sudden change in the tastes of the clientele could be the root of this predicament.
Numerous pieces of software assist businesses in forecasting demand and creating effective production and supply chain plans. Supply chain ambiguity The work of Davis provides one of the earliest examples of how uncertainty influences the management of supply networks (1993). Demand, process, and supply uncertainty are the three causes of uncertainty that Davis claims "plague" supply networks.
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T/F : in value-chain analysis, primary activities include human resource management and procurement.
True; value-chain analysis support operations include procurement, technological development, human resource management, and general administration.
What are the main actions involved in value chain analysis?The value chain framework includes five core activities: inbound operations, operations, outward logistics, marketing and sales, and service, as well as four auxiliary activities: procurement and buying, human resource management, technical development, and firm infrastructure. The first step in performing a value chain analysis is to understand all of the primary and secondary actions that go into the development of your product or service. If your firm sells a variety of items or services, you must go through this process for each one.
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What is the cash flow from operating activities quizlet?
The amount of money a firm earns from its continuous, regular business operations is known as cash flow from operating activities.
The amount of money a business makes from its continuous, regular business operations, such as producing and selling products or offering clients a service, is known as cash flow from operating activities. On a firm's cash flow statement, it is always shown as the first part.
When utilising this method, the direct method and the indirect method will both produce the same net cash flows from operational activities. Cash is used for purchasing materials needed to produce things for resale and to provide services. Employees are paid in cash for their services. Cash payments are regarded as grantor operating operations. Monetary payments for operating transactions with semi external parties.
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alice, who has left her job in new york, is moving to atlanta and looking for a job. in terms of employment status, alice can most accurately be described as ...a. involuntarily unemployed b. cyclically unemployed c. seasonally unemployed d. frictionally unemployed e. not in the labor force
Alice, who has left her job in New York and is moving to Atlanta to look for work, can most accurately be described as d. frictionally unemployed.
Unemployment is the state of being able to work, actively looking for job, yet unable to do so. It is crucial to remember that a person must be actively seeking payed employment in the labour force in order to be termed unemployed.
Frictional unemployment refers to the temporary unemployment that occurs as individuals are in the process of searching for a new job. In this case, Alice has left her job in New York and is now searching for a new one in Atlanta, which would make her frictionally unemployed.
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Scott Weisberg feels his job at Wendy’s includes all the following except
a) serving a senior leadership team member who makes strategy decisions.
b) serving as a manager of the human resources leadership team.
c) serving as a function leader who supports an agenda to assist franchisees and business partners in the company.
d) supervising the Board of Directors.
e) being a confidant to the CEO.
The following options that not included as a Scott Weisberg's feeling at Wendy’s is d) supervising the Board of Directors.
In the term of business and economy, A board of directors generally can be defined as a group of people who represent the interests of a company's shareholders. A board of directors provides advice to an organization's CEO and also guidance through the executive team. The board of directors being an important part of business that has a role to hire the CEO or general manager of the business and assess the overall direction and strategy of the business.
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What is meant by profit and loss?
Profit and loss are financial terms that refer to the amount of money a business makes or loses.
Profit is the amount of money that a business makes after subtracting all of its expenses from its revenue. In other words, profit is the amount of money that is left over after a business has paid for all of its costs, including things like salaries, rent, and supplies.
Loss, on the other hand, is the amount of money that a business loses when its expenses are greater than its revenue. This can happen for a variety of reasons, such as poor sales, high costs, or unexpected expenses.
In order to be successful, a business needs to make a profit. This means that it needs to bring in more money than it spends. However, there will be times when a business experiences a loss, and it is important to be able to understand and manage these losses in order to keep the business running smoothly.
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On november 1, the company rented space to another tenant. A check in the amount of $9,000, representing three months' rent in advance, was received from the tenant on that date. The payment was recorded with a credit to the unearned rent revenue account.
When a tenant pays rent in advance, the payment represents revenue that has not yet been earned. In accounting terms, this type of revenue is referred to as unearned rent revenue.
In this case, when the tenant paid $9,000 on November 1, the payment was recorded with a credit to the unearned rent revenue account. This means that the company's unearned rent revenue account was increased by $9,000, reflecting the fact that the tenant had paid rent in advance.
Each month, as the company earns the rent revenue, a portion of the unearned rent revenue account will be transferred to the earned rent revenue account. This process is called recognizing revenue, and it ensures that the company's financial statements accurately reflect the revenue that it has earned and the revenue that it expects to earn in the future.
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what is overstock and understock?
Overstocking occurs when a corporation orders too much inventory and has too much stock. Understocking, on the other hand, occurs when a company does not have enough inventory to meet demand.
When a company has inventory issues, they could be making a variety of blunders. A company's inability to apply procedures or technologies, in addition to making frequent mistakes, can play a significant influence in over- or unde rstocking.
Many businesses fail to effectively manage their inventory, but you don't have to be one of them. When you understock, you expose yourself to a number of unpleasant consequences.
Understocking can affect your business by causing missed sales, missing out on promotions, and eroding client loy alty. Before you can take actions to reduce understocking, you must first understand the negative consequences of understocking.
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