Answer:
The correct option is;
The company's Financial Books
Explanation:
In order to effectively and clearly let interested parties access pertinent information about a company, financial books are kept which show the companies economic performance and its position related to financing. Information about a company can be located in financial statements including shareholders equity, cash flow statements, income statements and balance sheets.
Garrison Company acquired $23,000 by issuing common stock. Which of the following choices accurately reflects how this event affects the company's financial statements?
Assets = Liab. + Equity Rev. − Exp. = Net Inc. Cash Flow
A. 23,000 = NA + 23,000 NA − NA = NA 23,000 FA
B. 23,000 = NA + 23,000 23,000 − NA = 23,000 23,000 FA
C. 23,000 = 23,000 + NA 23,000 − NA = NA 23,000 FA
D. 23,000 = 23,000 + NA 23,000 − NA = 23,000 23,000 OA
a. Option A
b. Option B
c. Option C
d. Option D
Answer:
Option A is the correct answer
Explanation:
The effects of issuing common stock for cash can be represented as follows,
An increase in assets of $23000No effect on Liability or debtAn increase in equity of $23000No effect on either Revenue or ExpenditureAn increase in cash flow for $23000The issuance of common equity for cash results in an increase in cash account which is an asset account. Thus, the amount or balance of asset account increases by the amount of cash received.
The issuance of common equity also increases the capital/equity account or section of the balance sheet. Apart from this no other account is affected by this transaction and as this transaction results in a cash inflow for $23000, the net increase in cash flow is also $23000. Thus, option A is the correct answer.
Considering the amounts of paid and unpaid leave for two-parent families, how does the United States compare with other wealthy countries
Answer:
The US actually ranks at a lowest position when it comes to paid leave if we compare it against other developed nations.
Even if we include poor countries into our ranking, the US ranks at the very bottom. E.g. only a few countries in the world that are part of the UN do not have paid parental leave that includes all their citizens: the US, Surinam, and some island countries of the coast of Australia or southern Asia. Considering that the US is the only country of considerable size in the list, the other countries have populations of only a few thousands of people, it is not a good spot.
Although it is true that some states provide paid parental leave in the US like California, Massachusetts, New York, and others.
The US is actually the only developed country that doesn't provide universal parental leave for both mothers and fathers.
When it comes to unpaid parental leave, there is not much to compare with. Since all the other developed countries provide paid parental leave, no other country provides unpaid leave.
Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what
Answer:
overstated
Explanation:
Adjusting entry is a term used in the accounting process, which describes journal entries usually carried out at the end of an accounting period to assign income and expenditure to the period in which they actually happened.
However, the journal entry to identify a deferred revenue is to debit or increase cash and credit or increase a deposit or another liability account.
Hence, Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what OVERSTATED
the activities a firm undertakes to create a certain perception of its product in the eyes of the target market are referred to as
Answer:
Positioning
Explanation:
Market positioning means the capability to develop a perception of a consumer. In this, the competitive advantage plays an important which enables the firm to become differentiate with that of the competitor with respect to the brand or product in which the firm is dealing. It is a motive to create an image of a brand
Therefore according to the given situation, the positioning is the right answer
In the Common Criteria, the common set of functional and assurance requirements for a category of vendor products deployed in a particular type of environment are known as
Answer:
protection profiles.
Explanation:
Common Criteria can be defined as an international set of guidelines and specifications which are designed and developed for the evaluation of an information security product, in order to ensure that they meet an agreed-upon and specific security standard for general use by the public. It comprises of two (2) key components: Evaluation assurance level and protection profiles.
In the Common Criteria, the common set of functional and assurance requirements for a category of vendor products deployed in a particular type of environment are known as protection profiles.
Assume that Ms. Sawyer's salary is $42,000, up from $40,000 last year, while the CPI is 157.5 this year, up from 150 last year. This means that Ms. Sawyer's real income has
Answer: stayed the same
Explanation:
The Consumer Price Index (CPI) simply measure average change in price over time based on the prices that were paid for goods and services.
If Ms. Sawyer's salary is $42,000, up from $40,000 last year, while the CPI is 157.5 this year, up from 150 last year. This means that Ms. Sawyer's real income has stayed thesame. This is because:
$42,000/157.5 = 266.67
$40,000/150 = 266.67
Since we both got thesame answers, Sawyer's real income is thesame.
McLeod Inc. is considering an investment that has an expected return of 8% and a standard deviation of 10%. What is the investment's coefficient of variation?
Answer:
the investment's coefficient of variation is 1.25.
Explanation:
The coefficient of variation relates the units of return to the units of risk. It expresses the unit of risk per 1% of return as follows :
Coefficient of Variation = Standard Deviation ÷ Return
Therefore,
Coefficient of Variation = 10 ÷ 8
= 1.25
Upon receiving a complaint, HUD initiates an investigation and makes a determination to bring charges or dismiss the complaint within:________
a. 180 days of the filing of the complaint.
b. 120 days of the filing of the complaint.
c. 100 days of the filing of the complaint.
d. 30 days of the filing of the complaint.
Answer:
c. 100 days of the filing of the complaint.
Explanation:
After receiving a complaint, HUD starts the investigation within 30 days of receiving the complaint and the maximum time period to investigate the complaint is 100 days i.e. HUD would dismiss the complaint within 100 days when the complaint is filed
Therefore in the given case, the option c is correct as it is mentioned the 100 days and the same is to be considered
Company S produces two kinds of stereos: basic and deluxe. Of the stereos produced by Company S last month, 2/3 were basic and the rest were deluxe. If it takes 7/5 as many hours to produce a deluxe stereo as it does to produce a basic stereo, then the number of hours it took to produce the deluxe stereos last month was what fraction of the total number of hours it took to produce all the stereos
Answer:
7/17
Explanation:
For easier calculation , let us represent the total number of stereo produced with a figure that can easily be divide into 3 .
Let us use 21 as the total number of stereo produced.
Basic stereo = 2/3 * 21 = 14
Deluxe stereo = (1- 2/3)*21 = 7
Now , if it takes 7/5 as many hours to produce a deluxe stereo to produce a basic stereo.
Let us assume that it took 2 hours to produce each deluxe stereo, then each basic stereo was produced in 7/5 *2 = 14/10.
Total hours used to produce basic stereo = 14 *14/10 = 19.6. approximately 20
Total hours used to produce deluxe stereo = 2*7 = 14
Total number of hours for all stereo = 20+14 = 34
fraction of delute stereo hours to total stereo hours = 14 / 34 = 7/17
What is the key difference between command and market economies?
Answer:
Households answer the basic economic questions in a market economy, while a group of leaders answer them in a command economy.
Explanation:
In a command economy government controls the economy but in a market the people of households do.
Bill's monthly mortgage payments were $1,300. However, Bill's final payment was $72,000. What type of mortgage did Bill have?
Answer:
Straight term mortgage
Explanation:
A straight term mortgage is also referred to as straight term loan or interest-only mortgage requires that the borrower(the mortgagee) makes interest payments on the mortgage untill the principal of the mortgage becomes due.
In this stance,the mortage interest may only be required for just 12 months after which the borrower pays back the entire $72,000 in one fell swoop.
The final interest payment of $1,300 would be paid alongside the principal of $72,000 i.e $73,200 would be made as the final payment
Michael is a sales representative who spends a great deal of time out on the road and infrequently communicates with the rest of his sales team. He is
Answer: An Isolate
Explanation:
An Isolate is a person who is separated from others and so does not communicate with others a lot. This person most likely prefers to be alone and can do without human company or communication for extended periods.
Micheal is usually out on the road which means he is often separated from the rest of his colleagues and on top of that he infrequently communicates with them which are signs that he is an isolate.
What are some of the reasons that management purchases its own stock? b. Explain how earnings per share might be affected by treasury stock transactions. c. Calculate the debt to assets ratio for the current year and the prior year, and discuss the implications of the change.
Answer:
a) first of all, in order for a company to repurchase their stock they must have extra cash available that will not be used for financing either existing or future projects. Also, corporations tend to repurchase stocks when they believe that their market price is too low (or lower than their own calculations). When corporations start to repurchase stocks, generally the market price tends to increase.
b) since treasury stocks decrease the company's total outstanding stocks, the earnings per share will increase. EPS = (net income - preferred dividends) / weighted average outstanding common stocks. If the denominator decreases, then the total result should increase.
c) the information is missing, so there is no way to calculate the debt to assets ratio. But if we analyze the formula:
debt to assets ratio = total debt / total assets
when equity decreases (treasury stocks decrease equity), total assets will also decrease, but debt remains the same. Therefore, an increase in treasury stocks will result in a higher debt to assets ratio which means that the company's risk is higher than before.
Which of the following exemplifies the crowding-out effect? An increase in government spending: A. causes the price level to rise, reducing net exports B. is financed by borrowing, raising interest rates and causing private investment to fall C. is financed by increasing the money supply, reducing interest rates and causing net exports to fall D. causes taxes to rise automatically, reducing consumption spending
Answer: B. is financed by borrowing, raising interest rates and causing private investment to fall.
"In order to recommend a variable annuity to a customer, the representative should have a reasonable basis to believe that the customer would benefit from:"
Answer:
D. I, II, III
Explanation:
For suggesting a variable annuity to a customer, the representative has the reasonable basis to trust the customer that gained from growth of the deferred tax for the separate account, the trust of receiving the income for life and the living or death benefit allowed in the contract
So here they all three give conditions should be considered as they are relevant
Last month, Mishika, a secretary in a large university, complained to OSHA that the air in her office made her sick. She could see green mold in the ventilation system. She had been treated for breathing problems 4 times in the past year. An OSHA inspector arrived at the plant this morning to provide which level of enforcement?
a. Imminent danger
b. Serious accident
c. Employee complaint
d. Target inspection
e. Random inspection
Answer: Employee complaint
Explanation:
From the question, we are informed that last month, Mishika, a secretary in a large university, complained to OSHA that the air in her office made her sick and that she could see green mold in the ventilation system.
We are further told that she had been treated for breathing problems 4 times in the past year. An OSHA inspector arrived at the plant this morning to provide employee complaint. This is because of Mishika's complaiint.
Bill wants to reach valuable, relevant audiences and engage with them quickly and often with his ads. How will creating a Display Ads campaign allow him to reach his goal?
Answer: allows him to reach over 90% of global internet users across more than three million apps and websites.
Explanation:
The options to the question are:
a. it allows him to reach over 90% of global internet users across more than three million apps and websites.
b. It allows him to identify valuable audiences and collect statistical usage data from the websites where his ad appears.
c. It allows him to select for new audiences and scale down his advertising to appear on specific websites that he chooses.
d. It allows him to isolate valuable audiences regionally and convert local sales the first time his ad is seen.
Display ad campaigns are often image, text-based, or video advertisements which allows users click-through to landing page and then take necessary action such as making a purchase.
It should be noted that using the display and campaign can help Bill reach over 90% of global internet users across more than three million apps and websites. This enable him reach a larger audience.
From the income statement, the corporation had a net income of $724 million for the year. Total dividends were $106 million. There were 400 million shares outstanding. How much is the earnings per share?
Answer:
the earnings per share is $1.81 .
Explanation:
Earnings per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding
Therefore,
Earnings per Share = $724,000,000 ÷ 400,000,000
= $1.81
Information gathering to be used for decision-making goes back to the earliest days of recorded history. in the united states, surveys were used in the early 1800s to determine: the popularity of saloon entertainers. the popularity of early sports teams. the popularity of regional foods. the popularity of political candidates.
Answer: the popularity of political candidates.
Explanation:
Surveys in the 1800s were used in politics as a form of opinion polls to find out who the people thought would win in an upcoming election. The earliest known survey was done in July 1824 and was meant to find out the more popular candidate between Andrew Jackson and John Quincy Adams.
That survey was won by Andrew Jackson with a majority of 70% after which he went on to win the popular vote by a very narrow percentage but didn't become president as John Quincy Adams was voted in by Congress.
Due to a recent string of theft in your office, you need to harden your local system. What two actions are most appropriate for your situation? Each correct answer represents a complete solution. Choose two.
Answer:
I dont know I'm sorry
Explanation:
Because I dont get it amd I'm not smart im sorry
1. The two main types of cost accounting systems for manufacturing businesses are the __________ cost system and the __________ cost system.
Answer:
The two main types of cost accounting systems for manufacturing businesses are the PROCESS cost system and the JOB ORDER cost system.
Explanation:
Accountants that use the job order cost system determine the production costs for each lot or order of products that are manufactured. it is normally used when the units produced are not standard or uniform. i.e. the company manufactures different types of products.
Accountants use the process cost system when the company manufactures standard or uniform units of production. E.g. a company that produces one type of battery for cellphones.
If a Dealer Principal learns a manager has revealed the details from a dealer advisory board meeting to a competitor’s dealership, what is the appropriate response?
Answer: Immediately inform Nissan of the breach in confidentiality
Explanation:
A breach of confidentiality is a situation that occurs when the data or information that has been provided by a certain client to an individual in confidence is made known without the consent of the client to a third party. It should be noted that this can lead to harm to the client.
Therefore, if a Dealer Principal learns a manager has revealed the details from a dealer advisory board meeting to a competitor’s dealership, the appropriate response is to inform Nissan of the breach in confidentiality.
A country wants to create a fair economy for its people. The government takes control over the country's biggest companies and puts groups of workers in charge. All citizens are encouraged to share the wealth produced in these companies equally, This situation best reflects the influence of which economic thinker? O A. Adam Smith O B. Karl Marx O C. John Maynard Keynes O D. Thomas Robert Malthus
Answer:
B). Karl Marx
Explanation:
Karl Marx is the economic thinker whose influence has been best reflected in the given situation as it talks about socialism which is the intermediate phase between capitalism and attaining full communism as per Marx. Socialism advocates collective pr governmental ownership and administration of the means of production and distribution of goods as mentioned in this situation. It is the foundation to communist society (Marx's proposed version of an ideal economy) where the people hold the ownership of distribution of resources collectively. Thus, option B is the correct answer.
The article discusses the purpose of strategy is to create a "competitive advantage". What is competitive advantage?
Answer:
Competitive advantage is a factor that a business has that allows it to perform better than its competitors by delivering more value to its customers. For example, a company can have a competitive advantage as a result of its offering, customer service or cost structure.
Lowell always scores his heroin at a local "shooting gallery" where he can immediately get his fix. over time, he finds he needs more heroin to feel "alright". when he shoots up at home for the first time, he overdoses on the same amount he used last time. the only difference is the location where lowell has shot up. this is an example of _____ tolerance.
Answer:
behavioral
Explanation:
Behavioral tolerance is a term in psychology often used to illustrates the drop in the effectiveness of drug usage in influencing the actual user, following a constant usage of the drug.
Hence, in this certain situation, and given that Lowell has found out that he needs more heroin to feel "alright" the correct answer is that this is an example of BEHAVIORAL tolerance.
E-commerce can be defined as: Question 48 options: A) the digital enablement of transactions and processes within an organization. B) any digitally enabled transactions among individuals and organizations. C) the use of the Internet, the Web, and mobile apps to transact business. D) the use of any Internet technologies in a firm's daily activities.
Answer:
C) the use of the Internet, the Web, and mobile apps to transact business
Explanation:
E-commerce refers to the economic commerce in which the buying and selling of goods and services are involved over and above electronic networks that we called the internet. It could be done in the following ways
1. Business to customer = B2C
2. Business to business = B2B
3. Customer to customer = C2C
And many more
By using mobile applications, the customer could easily order their products that are to be shown in different applications
Therefore the option C is correct
On January 1, 2019, Branson Corporation issued $500,000 of convertible bonds at par value. The bonds were issued with a stated interest rate of 3%. Each $1,000 bond is convertible into 20 shares of the corporation’s $1 par value common stock. Branson may also elect to settle bonds with a cash payment in lieu of issuing stock. Similar bonds without the conversion feature would have sold for $455,000.
Required:
Prepare the journal entry for Branson to record the issuance of the convertible bonds.
Answer:
Dr Cash $500,000
Dr Discount on bompnd payable $45,000
Cr Bond payable $500,000
Cr Additional paid in capial - Conversion feature $45,000
Explanation:
Preparation of the journal entry for Branson to record the issuance of the convertible bonds.
Based on the information given we were told that the Corporation issued the amount of $500,000 of convertible bonds at par value and as well had Similar bonds that does not have the conversion feature which would have been sold for the amount of $455,000 which means that the journal entry to record the issuance of the convertible bonds will be:
Dr Cash $500,000
Dr Discount on bompnd payable $45,000
($500,000-$455,000)
Cr Bond payable $500,000
Cr Additional paid in capial - Conversion feature $45,000
(To record the issuance of the convertible bonds)
Which characteristic of a corporation is a disadvantage? A. Mutual agency B. Double taxation C. Limited liability D. None are disadvantages.
Answer:
B. Double Taxation
Explanation:
A disadvantage of forming a corporation is the double taxation requirement. C corporations pay taxes on profits when corporate income is distributed to owners in the form of dividends. This is the first taxation.
Which of the following is an example of a contract that will most likely affect agents or brokers?
a. Contractor agreements
b. Inventory agreements
c. Listing agreements
d. Car rental agreements
Answer:
Contractor agreements
What key to career growth did Jeff Bezos possess that motivated him to leave a stable lucrative job and create a start-up that became Amazon
Answer: ability to take risks
Explanation:
The key to career growth that Jeff Bezos possess that motivated him to leave a stable lucrative job and create a start-up that became Amazon is the ability to take risk.
Risk is the degree of potential financial loss or uncertainty that can occur when an economic entity makes an investment decision. It should be noted that Jeff Bezos seeked higher returns which compensated for him taking an investment risk.