first party is the one that I would do
If income summary has a $13,500 debit balance before it is closed to the capital account, the company
Answer and Explanation:
In the case when the company has the debit balance of the income summary account so there should be the net loss as the net loss have the debit balance while the credit balance net profit of the company
So
Since there is the debit balance of the income summary that means there is a net loss
So the same would be considered
Help quickly please! economics!
Can someone tell me why wealth gaps are common in countries with capitalism?
A strict definition of capitalism is a society where capital is privately owned, and workers paid wages by private firms. Essentially it is a society with minimal government intervention and resources are distributed according to the outcome of free markets.
Essential (fair) inequalities:
Profit motive: A basic principle of capitalism is that individuals are motivated by the profit incentive. For example, entrepreneurs undertake a risky venture to set up firms because they hope to make a substantial profit. If there was not this profit incentive, entrepreneurs would not undertake the risk of setting up a firm. Therefore, you can say the potential of reward makes inequality an essential ingredient of capitalism.
You could argue people may have other motivations for setting up a business than just higher incomes, but most would agree higher income is an important consideration – if not overriding motive.
Work Incentive: Inequality is also important to motivate workers. If every worker received the same wage regardless of skill and effort, there would be no incentive to learn new skills and work hard at the job. A firm in a capitalist society can pay successful workers a higher wage to reflect their higher productivity. This will lead to wage inequality, but without it it would be hard to motivate workers.
Not necessary (unfair) inequalities:
Monopoly Power: The above types of inequality may seem ‘fair’ or justified. If you work hard, you get to benefit from your enterprise. However, capitalism can also lead to inequality which may be seen as unfair. For example, a firm may develop monopoly power. Then it is in a position to charge consumers artificially high prices and deter entry. If firms have monopsony power, they can get away with paying a wage much lower than the productivity of the worker. Workers have no choice but to work for a very low wage. Therefore, capitalists with access to private property can ‘exploit’ their monopoly power to make a much higher profit than other people in society.
Inheritance: Another aspect of capitalism is that private property can be passed on from one generation to another. Therefore those who inherit capital can enjoy high income even without any effort. They have access to best private education and jobs. This creates inequality of opportunity as well as inequality of opportunity.
These types of inequality mean that there isn’t a level playing field; some in society get an unfair advantage, there isn’t equality of opportunity.
Note: I have written this answer because this is what they teach us in economics. But I am a strong supporter of capitalism.
30 POINTS :D
If someone you don't know asks where you go to school, what should you do?
A. Don't respond
B. See if they're a friend of a friend
C. Ask why they want to know
D. Lie to them
Operations management is only about being as cost-effective as possible.
O True
O False
Answer:
True
Explanation:
Any kind of practice which allows a business or other organization to maximize the use of their inputs by developing products at a faster pace than competitors or reducing defects, for example.
A school that puts the money it earns back into the school.
Answer:
not-for-profit school.
Explanation:
A for-profit organization can be defined as a type of organization that is created to primarily generate more revenue than its operating costs by providing lawful services to customers. By generating more revenue than operating costs, a for-profit organization is able to make profit.
Some examples of for-profit organizations are privately owned establishments such as hospitals, hotels, restaurants, supermarkets, gas stations, etc.
On the other hand, a not-for-profit organization refers to an organization that is essentially created to provide services without any form of profits or rewards in return. They're usually referred to as a non-governmental organization (NGO) or non-business entity who are only focused on promoting and facilitating social benefits for the people.
Hence, a school that puts the money it earns back into the school is referred to as a not-for-profit school.
At the beginning of every shift, Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory. Why would he do this?A) So he can determine if employees are taking sauce home.B) So he can compare the quantity used with the budgeted amount.C) So he will know how much pizza sauce to order.D) So he will know how many customers visited his pizza parlor during his shift.
Answer:
B) So he can compare the quantity used with the budgeted amount
Explanation:
For a business to keep making profit it needs to ensure that the amount of materials it is using in its production process is within a defined limit. So it sets up a budget to guide the amount of raw materials to be used.
In this scenario Cody records the amount of pizza sauce in inventory. At the end of every shift, he records the number of pizzas made and the amount of pizza sauce left in inventory.
This is done to compare quantity of raw materials used to the given budget of the business.
This check will make sure that the business stays profitable.
WILL MARK BRAINLIEST
What term is given to the customer who owes money to the company?
If a customer owes some money to the company, the amount is entered as ______
by the company.
Answer:
A term used in accounting, 'creditor' refers to the party that has delivered a product, service or loan, and is owed money by one or more debtors. A debtor is the opposite of a creditor it refers to the person or entity who owes money.
Ken purchased a PAP with liability limits of 100/300/50, medical payments coverage, and collision coverage. Ken fell asleep while driving late at night. He crossed the center line and hit a car approaching from the other direction. The following losses occurred: The driver of the other car suffered $30,000 in bodily injuries. Ken's car sustained $5,000 in damages. Ken incurred $5,000 in medical expenses. The car that Ken hit was a total loss. Which of Ken's Personal Auto Policy (PAP) coverages will cover the damage to the car that Ken hit
Answer: property damage liability
Explanation:
Personal Auto Policy (PAP) is a typical insurance policy which helps in the insuring of ones vehicles.
Ken's Personal Auto Policy coverage that will cover the damage to the car that Ken hit will be the property damage liability. A property damage liability insurance helps in the coverage of the cost of damage which is caused to other people.
Since Ken has damaged someone's car, his property damage liability will cover it.
If the U.S. nominal exchange rate declines and prices rise faster abroad than in the United States, the real exchange rate: a. decreases, and net exports for the United States decrease. b. decreases, and net exports for the United States increase. c. increases, and net exports for the United States decrease. d. increases, and net exports for the United States increase.
Answer:
b
Explanation:
nominal exchange rate is the rate at which one currency is exchanged for another currency. this rate included the inflation rate
real exchange rate is exchange rate adjusted for inflation
net export = export - import
if the nominal exchange rate declines it means that the value of the us dollar declines
if inflation is higher abroad than in the US, the value of the US dollar ought to increase. Because it the exchange rate decreases, it means that real exchange rate has also decreased.
Foriegn goods would become more expensive and export would increase
T. palms has a basis of $20,000 for her one-third interest in a partnership. the partnership has no liabilities, cash of $22,000, and property with a partnership basis of $38,000 and fair market value of $44,000. for her one-third interest, palms receives the cash of $22,000. if the partnership elects sec. 754 optional basis adjustment, what is the basis of the retained partnership property?
Answer: $40000
Explanation:
The following can be deduced from the question
The Fair market value of Property = $44,000
Gain on the property = $44000 - $38000 = $6,000
Share of T. Palms = ⅓ × $6000 = $2000
Therefore, the basis of the retained partnership property will be:
= $44000 - $6000 + $2000
= $40000
These statements are true regarding association with a headhunter or recruiter:
headhunters and recruiters work for you
instead of burdening your headhunter or recruiter, you should save time and contact an employer directly
referring other hard workers is appreciated by headhunters and recruiters
headhunters and recruiters work for the employer
Answer:
instead of burdening your headhunter or recruiter, you should save time and contact an employer directly
Explanation:
PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
What is the rule of 72 used to determine?
A. the approximate time it takes an investment to triple in value
B. the approximate time it takes an investment to double in value
C. the approximate time it takes to earn 10% interest
D. the approximate time it takes to earn $72 on any investment amount
Answer:
a. the approximate triple in value
hope it helps :)
Answer:
B
Explanation:
So, lets go over what the rule of 72 is.
First off, the formula is: [tex]t=\frac{72}{r}[/tex]
The t stands for time in years.
The r stands for the intrest percentage.
So bascially, t is just 72 divided by the intrest rate.
So we know what the forumla/varaibles is, but what is it used for?
Well, lets plug in a number and see.
How about we go with an intrest rate of 8%? This is the most accurate percentage to use with the rule of 72, and the numbers get more and more inaccurate as you go higher or lower than this percentage:
t=72/8
=
t=9
So we know that it takes 9 years to do...what exactly?
Well, lets see, if you multiply 72 by 108% 9 times, what do you get? Remember that parehteses are important, and if you are testing this on a calculator, you should do 72*(1.08^9):
Well, 1.08 to the ninth power is 1.999
Times this by 72, and you get: 143.28
This is not 100% accurate, but as you can see, its very close to DOUBLING the value.
So, we know that it would take 9 years in this situation to double our value, or in other words:
9 years is the approximent time it takes to double our value, or investment.
This looks almosted exactly like B.
Hope this helps!
Jeff was a subcontractor, bidding on a contract for ACE Corp., the general contractor. When adding up the total of materials and labor, Jeff's secretary mistakenly moved the decimal point one place, ending up with a bid of $3,500 rather than $35,000. ACE Corp. accepted Jeff's bid, mostly because all the other bids were over $30,000. When Jeff learns of the mistake, he tells ACE Corp. that he cannot do the job for $3,500. If ACE Corp. sues to enforce this contract, what is the most likely result
Answer:
Even though the mistake was unilaterally made by Jeff, it was obvious for the company that a mistake had been made. All the other offers were over $30,000, so there is no reasonable way that Jeff's offer could be so low. Jeff's arguments would prevail in court.
NewTel is a telephone company with a policy of filling positions internally through promotions, rather than hiring from outside. Until recently, the company had a strong engineering focus and tended to promote people to senior executive positions from the engineering areas. Consequently, almost all of the company's 14 senior executives joined the company over 20 years ago as junior engineers. There is increasing pressure on NewTel to become more market and service oriented. As a result, four people were hired last year from firms to fill new senior executive positions in marketing and service departments. The external hires were necessary because current employees were not sufficiently qualified. Now, there are signs of tension among senior executives, particularly during budget deliberations where there is limited discretionary spending on new corporate activities. The four new hires have been thwarted in their attempts to have the company invest more in marketing and customer services instead of investing in technological research, and they blame the senior executives for being hard-headed. The conflict episodes are being viewed by both sides as personal attacks rather than attempts to resolve the problem. The marketing executives and the other executives operate independently. However, they share the resources and money in the organization. This kind of interdependence is referred to as
Answer:
The appropriate approach is "Pooled interdependence".
Explanation:
Just because marketing as well as many other managers are autonomous, yet depending exclusively together on such a similar amount of assets, resources as well as revenue, is considered as a pooled interdependence.Along with circumstances when functional areas conduct different duties yet depending on a similar number of resources, quite an interconnectedness takes place.So that the above is the right answer.
please please.pleas help me
What are the advantages and disadvantages of consulting
NO LINKS!!!
Answer:
Advantages of Being a Consultant:
You can learn many skills
Consulting allows you to build a powerful network
You get responsible tasks from the beginning
Perfect if you like to travel
You learn to work with the latest technologies
You can work in project teams
Consulting allows you to see many new things
You can work with many clients
Continuous training
You can work with other motivated people in consulting
Consulting teams support each other
You work on demanding projects
Good for your CV
You learn how to deal with stress
Consultants can earn pretty good money
Great exit options
You can work on many projects
Consulting never gets boring
Explanation:
Disadvantages of Being a Consultant:
Pressure in consulting can be high
Strict deadlines are a problem
You will be pushed to your boundaries
Consulting can imply working long hours
You may be away from home during the week
Being a consultant can be lonely
Some people develop mental issues
No real work-life balance
Problematic in case you have children
You have to represent the company
Many of your colleagues will leave
Insecurity regarding what comes next
Great swings in workload
Unsatisfying outcomes
Success greatly depends on the project manager
WILL MARK BRAINLIEST
Hannah and John made capital contributions of $50,000 each to their law firm. During the accounting period, John withdrew $5,000 and Hannah
withdrew $7,500. The total profit of the law firm for the given year was $17,500. What was the total partner's equity at the end of the accounting
period?
А. $50,000
B. $105,000
C. $55,000
D. $100,000
E. $5,000
Answer:
the total partner equity is $105,000
Explanation:
The computation of the total partner equity is shown below;
= Capital contributions × number of partners - withdrawn amount by the partners + total profit
= $50,000 × 2 - $5,000 - $7,500 + $17,500
= $105,000
hence, the total partner equity is $105,000
Therefore the correct option is B.
Terrance has to make home mortgage payments.What can you Most likely conclude about Terrence based on this fact?
A. he has a low credit score
B.he has no current liabilities
C.he doesn't have quarterly tax bills
D. He has a long tem liability
Answer: He has a long-term liability.
The conclusion that can be made from the given fact is that “Terrance has to make home mortgage payments,” which means that he has a long-term liability. Therefore, D is the correct option.
What is liability?
A liability is a term that is used to denote either a loan or an object that has to be paid back to the giver. It usually means a loan taken by a person or company by a bank or any lawfully financial institution. Such loans are paid back with money, goods, or services. In general terms, liability also means an object or a situation that can not pay back the money and amount of financial resources that have been invested or spent upon them.
Thus, the conclusion that can be made from the given facts is that “Terrance has to make home mortgage payments,” which means that he has a long-term liability. Therefore, D is the correct option.
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Explain how test-marketing can increase profits.
Answer:
Test marketing holds a lot of importance for the company. It allows
the company to test their product in a small region so as to get an
idea whether the product will work in a bigger market or not.
Through this, the company can measure the performance of the
product and can decide whether it should be released nationwide
for sale. Through this, the company can estimate the earnings that
can be earned through this product beforehand.
Explanation:
Libby is a trainee accountant and has prepared a balance sheet for the accounting year. She valued all the assets of the company at their current
market price. Which accounting principle did she fail to comply with?
А. historical cost
B. accruals
C. matching
D. business entity
E. realization
...
Help?
Will mark brainliest.
...
Answer:
4) what is analysis skill? why is it important in busines?
answer:
Analytical skills are important because they allow people to find solutions to various problems and make concrete decisions and action plans to solve those problems.
Thom Georges wants to open a store where he sells nothing but antique architectural features that he can salvage from old houses being torn down to make way for progress. He has an eye for the kind of doors, windows, mantels, and so forth that decorators want, but he does not have all the funding he needs to get started. He has invited his parents to invest $40,000 in the enterprise. He has told them that if they do invest, they would have liabilities in the firm equal to but no greater than their investment. Georges is trying to get them to form a _____ with him.
Answer: limited partnership
Explanation:
A limited partnership simply means a form of partnership whereby some of the partners only contribute financially nd thus will be liable and only to the extent of the amount that they contribute to the partnership m.
In case the company goes into bankruptcy, their personal assets and properties won't be affected. Since Thom invited his parents to invest $40,000 in the enterprise and told them that if they do invest, they would have liabilities in the firm equal to but no greater than their investment, then this is a limited partnership.
Bruce was driving to work yesterday when he was nearly run off the road by a speeding furniture delivery truck. On the back of the truck was a phone number to call if you believed the driver was not handling the truck safely. Rather than deciding to never buy furniture from this furniture company, Bruce called the company and complained about the truck driver. The person who took his call thanked Bruce for his concern, apologized for the driver and promised to reprimand him. Which service recovery strategy was the furniture store using
Answer: Encourage and track complaints
Explanation:
Encourage and track complaints is a method of customer service some organization implemented to curb some customer service issue or likely monitor how well their product and services are or how well their workers treat their customers. This method of customer service operation helps the firm not to loose potential clients and customers already with them but still likes in the hands the clients or customer's feedback.
With microfinance, the mechanism of ________ is a way to avoid the problem of imperfect information.
Answer:
peer lending
Explanation:
With microfinance, the mechanism of ________ is a way to avoid the problem of imperfect information. A) requiring no collateral B) peer lending C) making only small loans D) accepting savings deposits
Imperfect information is when parties to a transaction do not have the same amount of information.
Peer lending is when a borrower is matched with a lender. Information about the borrower is disclosed to the lender. Such information includes :
personal credit quality
age nameeducation genderthis helps to reduce imperfect information
AtGlobal, Inc. claimed In Its advertisement that you can buy electronic Items on credit. Which federal law is applicable when AtGlobal, Inc. states
Its credit terms?
A.
Fair Debt Collection Practices Act
OB.
Truth in Lending Act
C.
Fair Credit Billing Act
O D.
Fair Credit Reporting Act
OE.
Equal Credit Opportunity Act
Answer: c
Explanation:
The GPS SmartSole is a discreet wearable insole that fits in the shoe and provides GPS tracking of the wearer. This product is being marketed as an inexpensive solution for caregivers whose charges are prone to wandering, like those with Alzheimer's disease or autism. When the insoles were first made available to consumers, what was the marketing objective for the company at that early stage of the product life cycle
Answer:
srry i just had to answer bc my answer was at 69
Explanation:
The marketing objective for the company at that early stage of the product life cycle is Create awareness and stimulate trial.
What is marketing objective ?Marketing objectives are a list of specific, quantifiable goals created as a component of a marketing plan. Specific goals are set forth in marketing objectives, such as "reduce customer acquisition cost by 10% by the end of the next quarter."
The SMART methodology—specific, measurable, achievable, relevant, and time-based—is frequently used to develop effective marketing goals. Businesses assess their marketing goals using SMART goals to determine whether they match the requirements for success.
The marketing objective for a product in the introduction stage of the product life cycle is to create consumer awareness and gain trial.
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If you look at stock prices over any year, you will find a high and low stock price for the year. Instead of a single benchmark PE ratio, we now have a high and low PE ratio for each year. We can use these ratios to calculate a high and a low stock price for the next year. Suppose we have the following information on a particular company: Year 1 Year 2 Year 3 Year 4 High price $ 27.43 $ 26.32 $ 30.42 $ 37.01 Low price 19.86 20.18 25.65 26.41 EPS 1.35 1.58 1.51 1.85 Earnings are projected to grow at 9 percent over the next year. a. What is your high target stock price over the next year
Answer:
High target price 38.8821
Low target price 29.6153
Explanation:
Calculation to determine your high and low target stock price over the next year
First step is to calculate the seperate yearly PE ratio for High and low price using this formula
PE ratio = Market price / EPS
EPS = B
Low = C
High = D
Let plug in the formula
Year 1
PE(High) C/B = $ 27.43/1.35
PE(High) C/B = 20.3185
PE(Low) D/B = 19.86/1.35
PE(Low) D/B = $14.7111
Year 2
PE(High) C/B = $ 26.32/1.58
PE(High) C/B = 16.6582
PE(Low) D/B = 20.18/1.58
PE(Low) D/B = 12.7722
Year 3
PE(High) C/B = $ 30.42/1.51
PE(High) C/B = 20.1457
PE(Low) D/B = 25.65/1.51
PE(Low) D/B = 16.9868
Year 4
PE(High) C/B = $ 37.01/1.85
PE(High) C/B = 20.0054
PE(Low) D/B = 26.41/1.85
PE(Low) D/B = 14.2757
Second step is to calculate the seperate Average PE for high and low price
Average PE
HIGH(20.3185+16.6582+20.1457+20.0054 / 4)
HIGH = 77.1278/4
HIGH=19.28195
LOW=($14.7111+12.7722+16.9868+14.2757/4)
LOW=58.7458/4
LOW=14.6865
(a) Now let calculate the high target stock price over the next year
Using this formula
High target price = Average PE(high) x EPS for next year
Let plug in the formula
High target price = 19.28195 x[(1+.09)×1.85]
High target price = 19.28195 x(1.09*1.85)
High target price = 19.28195*2.0165
High target price=38.8821
Therefore the high target stock price over the next year is 38.8821
(b) Calculation for the low target stock price over the next year
Using this formula
Low target price = Average PE(low) x EPS for next year
Let plug in the formula
Low target price = 14.6865 x [(1+.09)×1.85]
Low target price = 14.6865x(1.09*1.85)
Low target price = 14.6865×2.0165
Low target price = 29.6153
Therefore the low target stock price over the next year is 29.6153
HEY PLEASE SOMEONE HELP I NEED TO SUBMIT THIS WORK IN 30 MINUTES PLEASEEE!!!
Which method of distribution is suitable for sale of Coke in your school? Justify your answer.
The Coca-Cola Company sells its products to bottling and canning operations, distributers, fountain wholesalers and some fountain retailers. They then distribute them to retail outlets, corner stores, restaurants, petrol stations and many more.
When I had this question I found the link witch is on the document very helpful.
I hope this helps.
Select the qualification that is best demonstrated in each example.
Hugh is a Court Clerk who schedules appointments for a court of law.
Sergio spends a lot of time each day sorting mail.
Ayesha gathers information by interviewing people and reviewing documents.
Answer:
organizational skills
patience
research skills
Explanation:
A person can increase the effectiveness of problem-solving, future-focused learning, and task completion by using a variety of organizational skills. To achieve a predetermined goal, organization is required to integrate a number of components.
You may use your resources effectively and efficiently if you have the necessary organizational abilities. You can successfully complete all of your allocated chores if you have good time, energy, and workspace management skills. Depending on your employment and job title, organizational abilities can take many different shapes; nevertheless, they almost always involve keeping your workspace organized, managing deadlines, and working effectively with others.
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Blue Spruce Corp. received a check for $27840 on July 1 which represents a 6 month advance payment of rent on a building it rents to a client. Unearned Rent Revenue was credited for the full $27840. Financial statements will be prepared on July 31. Blue Spruce's should make the following adjusting entry on July 31: debit Unearned Rent Revenue, $4640; credit Rent Revenue, $4640. debit Cash, $27840; credit Rent Revenue, $27840. debit Unearned Rent Revenue, $27840; credit Rent Revenue, $27840. debit Rent Revenue, $4640; credit Unearned Rent Revenue, $4640.
Answer:
debit Unearned Rent Revenue, $4640; credit Rent Revenue, $4640
Explanation:
The journal entry is shown below:
Unearned Rent Revenue ($27,840 ÷ 6 × 1 ) $4,640
To rent revenue $4,640
(Being the unearned rent revenue is recorded)
here the unearned rent revenue is debited as it decreased the libaility and the rent revenue is credited as it increased the assets
Hence, the option a is correct
Х
A(n)
strategy addresses organizational weaknesses, helps stabilize operations, and revitalizes organizational resources and capabilities.
O A. unrelated diversification
o B. horizontal integration
C. vertical integration
D. retrenchment