Answer:
Insurance Expense $6,400 (debit)
Prepaid Insurance $6,400 (credit)
Explanation:
The Prepaid Insurance Account is an Asset Account. This is because it represents economic resources controlled by the firm as a result of past events (payment of insurance in advance) from which economic benefits are expected to flow into the business (insurance services).
As the Insurance is utilized, the Asset account decreases whilst the Expense Account Insurance Expense increases. The following journal entry shows how this happens.
Insurance Expense $6,400 (debit)
Prepaid Insurance $6,400 (credit)
In a _____ plant strategy, plants have the flexibility and capability to produce a range of products. This leads to greater responsiveness to market changes, though at slightly lower levels of productivity.
Answer:
The correct answer is general-purpose.
Explanation:
When it comes to general-purpose plant strategies, it allows plants to be more flexible than usual and produce a whole variety of products, instead of just focusing on one or few products. This way, plants can diversify easily and cater to their clients' needs and be far more productive and successful.
In a purely competitive labor market, each firm employs such a ______ fraction of the total available supply of a specific type of labor that no firm can influence the ______. Multiple choice question. small; interest rate large; wage rate small; wage rate
Answer:
small; wage rate
Explanation:
The purely competitive market is a wage taker as there are many number of firms who wants to purchase the labor services in that market also there are many number of workers who have similar skills and wants to sell their labor services
So as per the given situation, the each and every kind of firm wants to employs a small fractions of total supply available so that no firm could influence the wage rtae
Therefore the last option is correct
Explain the impact of future expectations on the current economy.
Answer:
Future expectations on the current economy are a very important factor that influences economic performance. In fact, expectations have become part of mainstream economics, and the Chicago School of Economics in particular, is famous for its contributions to the field.
Explanation:
For example, if people think that the economy in the future will be bad, they will tend to spend less money, invest less, or only invest in very safe securities like U.S. Treasury bonds, and hoard some of their cash, for future spending. Another behaviour that could be displayed is using cash to buy large quantities of goods, in order to hoard them for the future.
These kind of actions would depress economic activity, or slow down recovery, because they would not only result in less consumption, but also less investment, and investment is one of the most important factors (if not the most, according to many economists) when determining future economic growth.
In this text, Grady is expressing high hopes based on the South's A. capital investment and labor base. B. social system and new diversified industry. C. new diversified industry and capital investment. D. social system and labor base.
Answer: social system and new diversified industry
Explanation:
Based on the text, we can derive the information that in the past, the South was about slavery and secession but that it's dead.
The new South is about union and freedom which represents a perfect democracy, and there is a social system that is closely knitted and compact and a diversified industry. Therefore, Grady is expressing high hopes based on the social system and the new diversified industry.
Darcy is a new manager in a large consulting firm. As one of her first task she needs to set goals for her team
Answer: Bottom-up
Explanation:
Bottom-up also known as top down approach, is the approach of going from general to the specific, also from specific to the general. They are possible approach for a wide range of endeavors such as goal getting, forecasting and setting busgets
Darcy can use the Bottom-up approach to set up her team.
How does the speaker apply the scientific method to marketing? Explain.
How does the speaker apply entropy to marketing? Explain.
In what way does the speaker say marketing has changed in the last 20 years? Does he believe this is a positive or negative change? Explain.
30 Points
Answer:
How does the speaker apply the scientific method to marketing? Explain.
He says that 1 bad week of marketing or a screwup can corrupt the whole company and make the overall image of the company a bad one. He compares this with science by saying that one bad data point can ruin your whole hypothesis or theory,
How does the speaker apply entropy to marketing? Explain.
"This says that entropy, which is a measure of the disorder of a system, will always increase. The same is true of marketing. If we go back 20 years, the one message pretty much controlled by one marketing manager could pretty much define a brand. But where we are today, things have changed. You can get a strong brand image or a message and put it out there like the Conservative Party did earlier this year with their election poster. But then you lose control of it." He is basically saying that the situation will get worse and worse over time if you don't fix the situation. He applies this to marketing by saying that you can have a strong image at the beginning but if you do not maintain it then it will only get worse and worse over time.
In what way does the speaker say marketing has changed in the last 20 years? Does he believe this is a positive or negative change? Explain.
It doesn't seem like he thinks that it improved or got worse. He made it seem like we have to adapt more to the situation that we may find ourselves in when it comes to marketing. He is definitely more on the positive side though.
Explanation:
On June 1, 2019, 4,000 shares of $10 par value common stock are issued in exchange for new equipment. The equipment has a fair market value of $116,000. In recording this transaction, what amount should be allocated to APIC - CS?
Answer:
$76,000
Explanation:
Equipment Fair Value = $116,000. Thus, total value of shares issued is same.
No of common shares issued = 4,000
Price per share issued = 116,000/4000 = $29/shares
Par value per share = $10
Total Par Value of Shares issued = 4,000*$10 = $40,000
Amount in excess of par per share = $29 - $10 = $19
Total Amount to be credited in APIC-CS = $19 * 4000 = $76,000. Thus, amount to be allocated to Additional Paid In Capital-CS = $76,000.
Many catalog companies create special-run issues based on what customers have purchased in the past. For example, customers who frequently order bedding items like sheets and pillows receive a catalog with a larger section of bedding items than do customers who mostly order kitchen tools. These special issues are an example of
Answer:
customer relationship management.
Explanation:
Note, the application of customer relationship management allows a business organization to easily monitor their customer's buying bahavior in the past in other to properly attend to their future needs.
By tracking customers who frequently order bedding items like sheets and pillows, the organization (by means of customer relationship management) was to able to study trends in their buying behavior in other efffectively market their products to the consumers.
When Paul listened to the presidential candidate debates, he heard one candidate proposing to increase taxes and the other candidate responding that this would cause firms to decrease production. How would this be described by an economist? Group of answer choices
Answer:
as taxes increase, there is a decrease in supply
Explanation:
Please post detailed answers to the following questions. Please use complete sentences.
You may have noticed that honesty and ethics are important in finance and business careers. Why is this so important?
Answer:
see below
Explanation:
Ethics are a set of regulations and that guide people's behaviors. They are a set of generally accepted behavior in society. Ethics in business refers to the deliberate efforts to do the right thing.
Honesty and ethics are important in finance and business careers due to the following reasons
Asset Protection and AssuranceFinance and business professionals deal with sensitive information. They have access to financial records, accounting records, and personal shareholders and employees' records. Honesty and integrity are essential to ensure that the reports they present are accurate and reliable.
The majority of fraudulent activities originate from finance and business departments. Having employees of high integrity in those units will help protect business assets and assure the reliability of financial data.
2. Public Image and Brand Value Increases
Honest and ethical workers add to the goods reputation of a company. Business partners and customers will feel more confident transactions with the company. The company's brand image and value increase in the eyes of the public.
3. Team Work develops:
Honest workers have a relatively easy time working with others. Teamwork increases when employees work responsibly and as expected.
____________ occurs when a seller takes on various digital identities by opening up several email accounts and bids on his or her own items multiple times to prompt genuine bidders to provide a much higher bid for an item than they would have done otherwise.
Answer:
Shill bidding
Explanation:
Shill bidding occurs when a seller takes on various digital identities by opening up several email accounts and bids on his or her own items multiple times to prompt genuine bidders to provide a much higher bid for an item than they would have done otherwise
Eric and Chris run a non-regulated natural monopoly producing electricity for a small town. The barrier most likely preventing other firms from competing with her is
Answer:
increasing returns to scale
Explanation:
The biggest barrier for other firms are increasing returns to scale. This is because Eric and Chris have their company already established and also have their clientele all hooked up and using their service. This allows them to produce a much higher electrical output for their clients with a certain Income. Newer companies will need a much higher income just to be able to produce a similar electrical output in order to try and compete with Eric and Chris.
What are two examples of Intellectual property?
Answer:
Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.
Explanation:
When does information become as liability for an organization
Answer:
after college hope it help :)
Explanation:
Answer:
when it is not managed properly
Explanation:
PLATO
What are 2 different payments relating to insurance that are used for almost all kinds of insurance?
Answer:
credit or debit?
Explanation:
Which financial statement reports the company's revenues and selling costs over a period of time?
Answer:
Income Statement
Explanation:
The income statement is among the three financial statements that a business prepare at the end of a period. It reports on business profitability.
An income statement has three parts,
The revenue section that lists all sources and the amounts of revenues for the period. Revenues include discounts received and purchase returns. The expenditure section indicates all the expenses the business incurred in generating its revenues.The income section tells whether the business made a loss or a profit. It is the difference between the revenue and the expenses.What is one way people can reduce the amount of taxes they owe in a year?
A. Give money to charity
B. Earn a higher income
C. Purchase luxury goods
D. Work longer hours
Answer:
A
Explanation:
Donating money to charity is one method people might lower their annual tax burden. Therefore, (A) is the correct option.
What is Tax?Taxes are required payments made to individuals or enterprises by a government agency, whether local, regional, or federal. Income, capital gains, or the estate are all subject to taxes.
One of the ways to reduce the amount of tax payable is to donate money to a charity.
Therefore, (A) is the correct option.
To know more about Taxes, visit the link below:
https://brainly.com/question/16423331
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When the source data is final and will not be edited, you can use a static consolidation.
(TRUE OR FALSE)
Answer:
False
Explanation:
Data consolidation is a command that summarizes information from multiple excel worksheets and combines them in a single consolidated worksheet. The command does not affect the original data. Consolidation is either static or dynamic.A change in the origin or source worksheets does not reflect in the consolidated worksheet in static consolidation. Dynamic means that a change in the source worksheets will be updated in the consolidated data automatically.When the source data is final and will not be edited, dynamic consolidation is applicable.On December 31, Cruise Company has 18,000 units of an inventory item, which cost $46 per unit when purchased on June 15. The selling price was $86 per unit. On December 30, the net realizable value was $48 per unit. At what amount should the 18,000 units of inventory be reported at on the December 31 balance sheet
Answer:
the inventory be reported at on the December 31 balance sheet is $828,000
Explanation:
Here the inventory should be recorded at lower of cost or net realizable value
Since the cost per unit is $46
And, the net realizable value is $48
So, the lowest cost per unit is $46
Now the ending inventory reported is
= 18,000 units × $46 per unit
= $828,000
hence, the inventory be reported at on the December 31 balance sheet is $828,000
Shawna offers to type Philip's research paper at the price of $6 per page. Philip's paper will be 20 pages long and will cost him a total of $120. Shawna wants a deposit of $60 before she agrees to begin typing. Philip does not know if he has enough money to pay Shawna and states that he will contact her tomorrow regarding her offer. Shawna has second thoughts regarding Philip's ability to pay her for the services. Shawna calls Philip and withdraws her offer before Philip accepts it. She is able to do this because she has the right of
Answer:
Revocation
Explanation:
Based on the information given She is able to do this because she has the right of REVOCATION which means the right to cancel , terminate, withdraw or bring a contract to an end due to some reason just as the case of Shawna and Philip's in which we were told that Shawna had a second thought on wheither Philip's will have the ability to pay her for the services she is about to rendered to him by deciding to calls Philip in order to withdraw her offer before Philip accepts it.
Therefore Shawna is able to withdraw her offer because she has the right of REVOCATION
Monopolistically competitive firms do not achieve allocative efficiency because the _____. Multiple choice question. price for a monopolistically competitive firm is lower than the average cost output produced is less than optimal and consumers pay a lower than competitive price, causing inefficient use of resources for society output produced is more than optimal and consumers pay a lower than competitive price, causing inefficient use of resources for society price for a monopolistically competitive firm exceeds the marginal cost
Answer:
price for a monopolistically competitive firm exceeds the marginal cost
Explanation:
Monopolistically competitive firms do not achieve allocative efficiency because the "price for a monopolistically competitive firm exceeds the marginal cost"
Allocative efficiency is known to be an economic concept which actually regards efficiency at the societal level. This usually refers to the production of the optimal quantity of some output. The quantity produced is actually the marginal benefit of one more unit which the society enjoys and which is equal to the marginal cost.
In a monopolistically competitive industry, they will produce a lower quantity of a good and then their prices will be higher than would a perfectly competitive industry. A monopolistic competitive firm’s demand curve actually slopes downward. This then means that it will charge a price that exceeds marginal costs.
Leisure Time Corp. follows the practice of paying all employees for vacation. The vacation pay is not vested, but it carries over for one year if unused. The obligation for earned but unused vacation should be
Answer:
Accrued as a current liability
Explanation:
From the question we are informed about Leisure Time Corp. which follows the practice of paying all employees for vacation. The vacation pay is not vested, but it carries over for one year if unused. In this case The obligation for earned but unused vacation should be Accrued as a current liability. current liabilities in accounting are liabilities in the firm that involves cash when settling it, in the fiscal year as well as operating cycle of a particular company
It is not advisable for a worker who is satisfied with their job to improve their skills. Please select the best answer from the choices provided T F
Answer: False
Explanation: I just took the practice test
Answer:
False
Explanation:
Liz just completed a Client Needs Assessment and her client
confirmed that he will require profitability tracking, and need to
create budgets and purchase orders in his accounting solution.
Answer:
QuickBooks Online Plus
The question and multiple-choices
What is the minimum QuickBooks Online version suitable for Liz's client?
QuickBooks Self-Employed QuickBooks Online Simple Start QuickBooks Online Essentials QuickBooks Online Plus QuickBooks Online Advanced PreviousExplanation:
QuickBooks Online Plus is an advanced feature that small business requires to make better management decisions pertaining to their business. The needs of Liz's client of tracking profitability and the need to create budgets can be meet by installing QuickBooks Online Plus.
Other features of QuickBooks Online Plus include
Keep track of financial records, such as invoices and statements.Update and reconcile payments automatically.Generate accurate estimates and convert them into invoices.Estimate project profitability by taking into account cost factors such as labor and job cost expenses. Automate workflows with rule-based remindersAt what production level are you making the greatest profit?
Answer:
Pair 3 and 4 marginal cost of production are the lowest, so probably 4 is your answer.
Explanation:
That realm of activity that lies between the state and the market, including the family, schools, community associations, and non-economic institutions, is known by social scientists as
Answer: civil society or civil culture
Explanation:
Civil society simply has to do with the individual in the society sharing a common interests and having a value and purpose that is different from the government and the profit motive of the market.
The actors in a civil society enhance community participation in service provision and also in policy decision making. This brings about a democratic society that is vibrant.
what is business and what is occupation
Answer:
Business:
A person's regular occupation, profession, or trade.
Occupation:
A job or profession.
Explanation:
I looked them up in a dictionary.
Please mark me brainliest! I need it! Please!
Find the value of y from the following observations if these are already arranged in ascending order. The Median is 63.
20, 24, 42, y , y +2, 73, 75, 80, 99
Answer:
answer is 62
Explanation:
median=(N+1)/2
= (8+1)/2
=4.5
So we have,
median=4.5th item
or,63= (4th item+5th item)/2
or, 63= (y+y+2)/2
or,63×2= 2y+2
or,126=2y+2
or,126-2=2y
or,124=2y
or,124/2=y
or,y=62
Which expression is equivalent to 12(3 + m)? Group of answer choices 36 + 12m 3m + 12m 36m 36 + m
Answer:
36 + 12m
Explanation:
The first step is to solve the expression be removing the bracket
12(3+m)
36 + 12m
Hence 36+12m represents the expression
On August 1, Suba Company purchased computer equipment for $10,000 cash and also gave 100 shares of XYZ common stock that Suba Company held as an investment. The XYZ common stock cost Suba Company $5,000 and on August 1 had a fair value of $4,200. The installation costs for the computer equipment were $700 and shipping costs were $500. What amount should be the total amount debited to the computer equipment account
Answer:
the amount that debited to purchased cost is $15,400
Explanation:
The computation of the total amount debited to the computer equipment account is as follows:
= Purchase cost + fair value + installation cost + shipping cost
= $10,000 + $4,200 + $700 + $500
= $15,400
Hence, the amount that debited to purchased cost is $15,400
The same is relevant and considered