Under the Uniform Securities Act, if an investment adviser wishes to take custody of customer funds or securities, it must hold the assets in either a bank or brokerage account where an adviser is the trustee acting for the benefit of the customer.
What is Uniform Securities Act?The Uniform Securities Act is a model law created to help each state create its own state securities law. All of the Uniform Securities Act's may be enforced in each state by the state securities administrator. The registration of a security, an agent, or a firm may be refused, revoked, or suspended by the state securities administrator.
Along with the federal Securities and Exchange Act, the Uniform Securities Act (USA) offers fundamental investor protection against securities fraud. The statute only applies to securities that are not governed by the Securities and Exchange Commission.
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A group of employees who assume collective responsibility for organizing, controlling and supervising their own work activities
A group of employees who assume collective responsibility for organizing, controlling and supervising their own work activities is known as Competitive advantage.
What do you mean by an advantage over the competition?Any benefit that gives a business an edge over rivals, enabling it to gain more clients and expand its market share, is referred to as a competitive advantage. Three main types of a competitive advantage exist: Having the ability to produce goods or render services at a lower price than rivals.
What exactly is a competitive advantage, and why is it significant?An organization's ability to outperform rivals in the eyes of customers is known as a competitive advantage. With the help of these advantages, a business can attain and maintain stronger profitability, a better growth trajectory, or higher levels of customer loyalty. As a "protective moat," a competitive advantage is frequently referred to.
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What two genres of photography can war photography often bridge the gap between?
A. documentary photography and photojournalism
B. pictorialism and editorial photojournalism
C. tonalism and pictorialism
D. spot news photography and photojournalism
Answer:
A. Documentary photography and photojournalism
The two genres of photography can war photography often bridge the gap between the documentary photography and photojournalism. The correct option is (A).
What do you mean by documentary photography?Documentary photography is a type of photography that depicts people, places, objects, and events in a straightforward and accurate manner, and is frequently used in news reporting.
Documentary photography is a popular type of photography that is used to chronicle events or environments that are significant and relevant to history, historical events, and everyday life.
"Documentary photography" usually focuses on a continuing issue (or story) that is told through a series of photographs.
Therefore, the two genres of photography can war photography often bridge the gap between the documentary photography and photojournalism.
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buyco, inc., holds 20 percent of the outstanding shares of marqueen company and appropriately applies the equity method of accounting. excess cost amortization (related to a patent) associated with this investment amounts to $11,900 per year. for 2020, marqueen reported earnings of $117,000 and declares cash dividends of $34,000. during that year, marqueen acquired inventory for $48,000, which it then sold to buyco for $80,000. at the end of 2020, buyco continued to hold merchandise with a transfer price of $33,000. What Equity in Investee Income should BuyCo report for 2020?
How will the intra-entity transfer affect BuyCo’s reporting in 2021?
If BuyCo had sold the inventory to Marqueen, would the answers to (a) and (b) have changed?
The Equity in Investee Income should BuyCo report for 2020 is $12,000
What is equity income investee?Equity income usually refers to earnings from stock dividends, which are cash sums that corporations pay to their shareholders as a reward for holding their stock. Consequently, equity income investments are those that are known to distribute dividends. Interest payments, dividends, capital gains from the sale of stocks or other assets, and any other profit from a different sort of investment are all considered to be forms of investment income. Your investment's income, such as interest or dividends from stocks you own or interest from a bank,Calculation for What Equity in Investee Income should BuyCo report for 2020
Equity income accrual $25,000
($100,000 × 25%)
Less: deferral of intra-entity unrealized gross profit ($3,000)
Less: Patent amortization ($10,000)
Equity in investee income $12,000
Calculation for Intra-entity unrealized gross profit
Profit within remaining inventory $12,000
× Ownership percentage 25%
Intra-entity unrealized gross profit 3,000
($12,000*25%)
Therefore Equity in Investee Income should BuyCo report for 2020 is $12,000
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In the following scenario, what is Theodore's best option for providing for his son?
Theodore has pancreatic cancer and believes he will die soon. He will leave behind a teenage son. He wants to ensure that he can give his son support as he finishes high school and makes the transition to young adulthood.
Theodore is concerned about the money being used up to pay for his cancer treatments and death-related expenses.
In the following scenario, set up a trust is Theodore's best option for providing for his son.
Write a synopsis of Theodore's narrative.I became aware of Theodore's oddly irrational fear when he was six years old, along with his reluctance to attend school, his propensity to stand extremely close to the screen, and his difficulty recognizing his family. He reached out to hug me, but ended up hugging his father. We were concerned about many of his behaviors and suspected that his vision might be compromised.
We visited many ophthalmologists, and the approaches to diagnosis among the experts varied substantially. The diagnostic ranges included anything from normal to your child being almost completely blind. One of the ophthalmologists proposed that we travel abroad after a three-month exhaustive search during which his sight continued to deteriorate.
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in what kind of economy does the state own all means of production? group of answer choices mixed economy planned economy market economy totalitarian economy
Totalitarian economy is one of economy form that the state own all means of production. Totalitarian means that government is the central.
In economic, Totalitarianism generally can be defined as a form of government that attempts to assert total control over the lives of its citizens. In the economic market, Totalitarian economy generally can be defined as one of economy form that the state own all means of production. Totalitarian economy has a character as a strong central rule that attempts to control and direct all aspects of individual life through coercion and repression.
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taken together, the cost-benefit principle and the opportunity cost principle say that a decision is worth making if the benefits it yields are: _______.
The cost-benefit concept and the opportunity cost principle, when combined, state that an action is worthwhile if the benefits outweigh the potential cost. Hence, the correct answer is at least as great as the opportunity cost.
What exactly does the opportunity cost?The opportunity cost of a particular activity is the value or benefit lost by participating in that activity as opposed to another activity. More specifically, it means that if you pick one activity, you lose the opportunity to participate in another. The optimum activity is the one that provides the best return, net of opportunity costs, as compared to all other activities.
The purpose of opportunity cost is to ensure that finite resources are used as efficiently as possible. It considers all of the costs associated with a decision, both explicit and implicit.
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mortgage fraud occurs when someone deliberately falsifies information to obtain mortgage financing that would not have been granted otherwise. which of the following scenarios is definitely not mortgage fraud?
You are working on a house under contract with a husband and wife. Hustle Gym's president, the wife's income is more than sufficient for him to be approved for the loan on his own, plus she has excellent credit.
The woman has numerous educational loans that are in repayment as well as some medical difficulties from before they were married. She has bad credit and works part-time at the Meow and Bark Veterinary Clinic. Your wife won't be on the loan, the mortgage broker calls to inform you.
What negative effects might mortgage fraud have?Anyone convicted of mortgage fraud will face serious consequences, including jail time, fines, and restitution. Foreclosure fraud and other sorts of real estate Fraud is typically a "wobbler" in California.
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career opportunities in is are . question 8 options: strong and are projected to remain strong for the next 10 years strong but are projected to stagnate or even decrease over the next 10 years weak but are projected to strengthen over the next 10 years weak and are projected to remain weak for the next 10 years
Career opportunities in IS are strong and are projected to remain strong for the next 10 years.
A combination of hardware, software, and communication networks make up an information system, which is used to gather meaningful data, particularly within an organization. Information technology is used by many firms to carry out and manage operations, engage with customers, and outperform rivals. Some businesses today are entirely supported by information technology.
Over the centuries, when significant new tools for capturing and processing information were developed, new abilities emerged and individuals gained power. Examples include Blaise Pascal's invention of the mechanical calculator in the 17th century and Johannes Gutenberg's invention of the printing press in the middle of the 15th century. The capacity to store, process, transmit, and access information and knowledge underwent a significant transformation as a result of these inventions. This in turn sparked even more profound changes in people's daily lives, corporate structures, and political systems.
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Universal Containers has just restructured Its Sales Department. Records that the sales manager expects to see are not showing up in the new Opportunity Report. Which three questions should the Administrator ask to troubleshoot this issue?
Are records still being shared with the sales manager?
Do owners of all records have Roles and correct Territory Assignments?
Did the sales manager start from a copy or clone of an existing report?
Have the owners of the records been frozen?
Do the records the sales manager expects to see match the filter criteria?
Please select 3 correct answers
These three questions the Database Administrator should ask to troubleshoot this issue:
Are records still being shared with the sales manager?Do owners of all records have Roles and correct Territory Assignments?Do the records the sales manager expects to see match the filter criteria?What is Database?
A database is a structured collection of connected data that has been systematically arranged and is kept in a way that makes it simple to administer and update. It serves as the central repository for all data, comparable to a library's collection of books spanning a variety of genres. Imagine data as a library. The data can be set up in a database in the form of a table with rows and columns. The data may be easily located and retrieved whenever necessary by indexing it. With the use of databases, a large number of websites on the Internet are operated.
Database handlers are people who design databases so that the information in them is accessible to users through just one group of software applications.
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The boxplots below display annual incomes (in thousands of dollars) of households in two cities.
Which city has greater variability in income?
Due to the wider box, Statstown has a wider range of variation.
Answer: Statstown (A).
Describe variation.The "variability" of a distribution is defined as the spacing between data points and their separation from its centre. Measurements of variability offer descriptive statistics that summarise your data in addition to measures of central tendency.
Spread, scatter, and dispersion are other terms for variation. It is frequently assessed by using the following techniques:
The difference between the highest and lowest numbers is known as the range.The interquartile range refers to the middle quadrant of a distribution.The standard deviation is the typical variation from the mean.The average of the squared mean deviations is known as variation.To know more about scatter, and dispersion visit:
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when the value of the mexican peso declines relative to another currency, the exchange rate for the peso has
When the value of the Mexican peso declines relative to another currency, the exchange rate for the peso has weakened. This means that it takes more Mexican pesos to purchase the same amount of the other currency.
For example, if the exchange rate for the Mexican peso is 10 pesos to 1 US dollar, and the value of the peso declines, it may take 11 pesos to purchase 1 US dollar. This means that the exchange rate for the peso has weakened, as it now takes more pesos to purchase the same amount of the other currency. Additionally, when the value of the Mexican peso declines relative to another currency, it can have a negative impact on the Mexican economy. This is because a weaker exchange rate makes Mexican exports more expensive for foreign buyers, which can lead to a decrease in demand for Mexican goods and services. Furthermore, a weaker exchange rate can also make it more expensive for Mexicans to purchase foreign goods and services, which can lead to a decrease in consumer spending. Therefore, it is important for the Mexican government to take steps to ensure that the value of the peso remains stable in order to protect the Mexican economy.
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A country's census lists the population of the country as 251 million in 1990, 283 million in 2000, and 311 million in 2010. Fit a second-degree polynomial passing through these three points. (Let the year 2000 be x = 0 and let p(x) represent the population in millions.) p(x) =______million Use this polynomial to predict the populations in 2020 and in 2030. 2020______million 2030______million
We predicted that the population in 2020 would be 322.6 million and in 2030 would be 335.9 million.
What is second-degree polynomial and calculate it?A second-degree polynomial is a polynomial equation that has three terms, where the highest power of the variable is 2. To fit a second-degree polynomial passing through the three points given in the question, we can use the method of least squares.Let's call the year 2000 x = 0 and let p(x) represent the population in millions. We can then use the following three points:(1990, 251) - 251 million in 1990(2000, 283) - 283 million in 2000 (x = 0)(2010, 311) - 311 million in 2010Using the method of least squares, we can find the coefficients of the polynomial equation that best fits these three points. The equation is:p(x) = -1.4x^2 + 283x + 251This polynomial equation can be used to predict the population in 2020 and in 2030.To predict the population in 2020 (x = 20) we can substitute x = 20 in our equation:p(20) = -1.420^2 + 28320 + 251 = 322.6 millionTo predict the population in 2030 (x = 30) we can substitute x = 30 in our equation:p(30) = -1.430^2 + 28330 + 251 = 335.9 millionWe used the method of least squares to fit a second-degree polynomial passing through the three given points.The equation of this polynomial is p(x) = -1.4x^2 + 283x + 251Using this equation we predicted that the population in 2020 would be 322.6 million and in 2030 would be 335.9 million.
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You can work 8 hours today. Based on the information below about your current work, rank order the activities you will complete today.
The tasks that must be finished are listed in the following order:
continuing project worklook at the client's complaintFinished online trainingTeam meeting attendanceThe events should be in what order?
The events must be arranged from the entire question (see attached) in the following order: priorities, time, then impact.
Using the highlights from above, the events with the highest priorities are:
1 and 2 events
The occasions that last the longest are:
1 and 2 events
Events 3 and 4 are given higher emphasis.
Thus, the following is the order.
1, 2, 4 and 3
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1. prepare job cost sheets for jobs 102 and 103. prepare three materials ledger cards for cinder blocks, boulders, and stain. enter the beginning raw materials inventory amounts from above for each of these materials on their ledger cards. then, follow the instructions in this list of activities to complete the job cost sheets and the materials ledger cards.
Receiving reports, Materials ledger cards, Material requisitions, and Task cost sheets are the documents used to track direct materials costs in job order cost accounting, with the first document being the most current.
Units of raw materials are manually tracked at a warehouse using materials ledger cards. Raw material purchases made by the Supplier are documented on the card along with transfers of commodities from the warehouse to the manufacturing facility. The materials ledger card is a tool for cost accounting and loss mitigation. Managers must keep track of how frequently they order raw materials and production stock. They must also make sure that no materials are taken before they arrive at the manufacturing facility on time. A material requisition form will specify which raw materials or finished goods must be taken out of stock and used for each task.
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at at each vs the project risk analysis and management program should produce
At each phase, the project risk analysis and management program should produce Deliverables.
Option C is correct.
In project management, what exactly is project risk analysis?Risk analysis looks at how the impact of a risk event might change the project's outcomes and goals. After risks are identified, they are examined to determine their qualitative and quantitative impact on the project, enabling appropriate mitigation measures to be taken.
Risk analysis looks at how the impact of a risk event might change the project's outcomes and goals. After risks are identified, they are examined to determine their qualitative and quantitative impact on the project, enabling appropriate mitigation measures to be taken.
Incomplete question :
At each phase, the project risk analysis and management program should produce:
A) Alternatives.
B) A budget.
C) Deliverables.
D) Meetings.
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refer to exhibit 11.1. by investing in u.k. treasury bills rather than u.s. treasury bills, and not covering exchange rate risk, u.s. investors earn an extra return of
U.S. investors can receive an additional return of: 4% annually, 2% for the preceding six months by investing in U.K. treasury notes rather than U.S. treasury bills and avoiding taking on exchange rate risk.
The manufacture of coin and money, the distribution of payments to the American public, revenue collection, and the borrowing of funds required to run the federal government are just a few of the processes that the Department of the Treasury manages and keeps running. To raise money, the government or businesses issue Treasury bills, which are debt documents. Less than a year is the tenure of T-Bills. Additionally, governments and businesses issue bonds as a means of raising capital. The Treasury Building, which may be found in Washington, DC at 1500 Pennsylvania Avenue, NW, was given national historic landmark status in 1972.
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By investing in U.K. treasury bills rather than U.S. treasury bills, and not covering exchange rate risk, U.S. investors earn an extra return of:
angela owns a software company with 10 employees. because she is not sure whether an 11th employee would improve her economic surplus, she hires another employee and notices that her total costs have increased by $1,250 and her total revenue has increased by $1,000. which of these would be the best course of action for angela?
Let the 11th employee go, or do not replace the next employee who quits.
What is economic surplus?Economic surplus refers to the respective gains that a consumer or producer gets within an economic activity and is the combined benefit, sometimes referred to as "total welfare." It can also be referred to as total surplus or community surplus as well. This economic metric is used to evaluate wellness in the markets. When a consumer scores an item for less than they'd be willing to pay, the consumer is getting a surplus. When a producer sells a good for more than the minimum price they're willing to sell at, the producer is getting a surplus. Economic surplus follows the rules of supply and demand. Businesses generally want to earn as much profits as possible without alienating customers, while consumers typically want to feel as though they're scoring a deal.When the supply and demand of consumers and producers are in good shape, the market is in what is called "equilibrium" — or allocative efficiency.
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Based on the information provided, it appears that hiring an additional employee has not increased Angela's economic surplus.
What are the potential course of action for Angela?Re-evaluate the new employee's performance: It's possible that the new employee is not performing as expected, and that is why the costs have increased while revenue has remained the same. Angela should evaluate the employee's performance and determine whether there are any areas that need improvement.Re-evaluate the business strategy: Angela should consider if the revenue increase is due to the new employee or other factors, and if the new employee is not the cause of the increase it's better for Angela to reassess her business strategy.Let the new employee go: Given that the new employee has not increased Angela's economic surplus, it may be in her best interest to let the employee go and focus on other cost-saving measures.Monitor the situation: Angela should keep an eye on her costs and revenue for the next few months to see if the situation improves. If not, then she should take further action.Additional cost-saving measures: Angela can explore other cost-saving measures such as reducing expenses, automating some tasks or looking for ways to increase revenue.In summary, Angela should re-evaluate the new employee's performance, re-evaluate her business strategy, monitor the situation, and consider other cost-saving measures. She should also consider the long-term potential benefits of hiring an additional employee and weigh them against the short-term costsTo learn more about potential course refer:
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Assess the interests of stakeholders in businesses being good corporate citizens.
Answer:
Companies today are being called upon by their shareholders and other stakeholders to not only boost the bottom line, but also to help address some of the country’s most challenging problems, including those concerning economic development and the environment. While opinions differ on how responsibility should be allocated across the public and private sectors, corporate stakeholders (which typically include shareholders, employees, customers, suppliers, communities, governments and regulators) are demanding that companies recognize a broader scope of responsibility in addressing those problems. As a result, companies are increasingly working with stakeholders to understand their views and concerns on various environmental, social, corporate governance and economic issues (such issues often referred to as corporate social responsibility (“CSR”) issues) and to incorporate and address those views and concerns in the company’s strategic decision-making processes.
dunn, inc. had 200,000 shares of $20 par common stock and 20,000 shares of $100 par, 6%, cumulative, convertible preferred stock outstanding for the entire current year ended december 31. each preferred share is convertible into five shares of common stock. dunn's net income for the year was $840,000. for the current year ended december 31, the diluted earnings per share is
Earnings per share is: (net income - preferred dividends)/common shares outstanding. Preferred stock dividends are $100 X 10% X 20,000 shares = $200,000.
Define cumulative, convertible preferred stock ?
Cumulative Convertible Preference Share are a type of preference shares where the dividend payable on the same accumulates, if not paid. After a specified date, these shares will be converted into equity capital of the company.For example, a company issues cumulative preferred stock with a par value of $10,000 and an annual payment rate of 6%. The economy slows down; the company can only afford to pay half the dividend and owes the cumulative preferred shareholder $300 per share.The cumulative preferred stocks are safe and secure regarding financial safety among all other stocks available in the market. The reason behind the same is that they will always get their dividend irrespective of the company's bad performance.To learn more about stock refers to:
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The diluted earnings per share is $2.80 for the current year ended December 31.
How to calculate diluted earnings per shares?To calculate the diluted earnings per share for Dunn Inc., we need to determine the total number of shares outstanding on a fully diluted basis. This takes into account not only the common shares outstanding, but also any additional shares that could be issued from the conversion of convertible preferred shares.First, we need to calculate the number of shares that could be issued from the conversion of the preferred stock.20,000 shares of preferred stock x 5 shares of common stock per preferred share = 100,000 potential additional sharesNext, we need to add these potential shares to the number of common shares outstanding to find the fully diluted number of shares.200,000 common shares + 100,000 potential additional shares = 300,000 fully diluted sharesFinally, we can divide the net income by the number of fully diluted shares to find the diluted earnings per share.$840,000 net income ÷ 300,000 fully diluted shares = $2.80 diluted earnings per shareIn summary, the diluted earnings per share is $2.80 for the current year ended December 31.To learn more about stocks and shares refer:
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The Lee Corporation is a sales-oriented firm that focuses on high sales. It does not take into account the customerâs wants and needs, and instead concentrates on manufacturing products that will reap high profits. This attitude might lead to the firmâs missing business opportunities because _______. a. its focus on manufacturing specific products may not meet customer needs and wants b. it focuses on providing value and benefits to its customers instead of meeting company objectives c. it emphasizes enhancing individualsâ and societyâs long-term best interests d. it concentrates on relationship building, empowerment, and teamwork
The Lee Corporation is a sales-oriented firm that focuses on high sales. It does not take into account the customerâs wants and needs, and instead concentrates on manufacturing products that will reap high profits. This attitude might lead to the firmâs missing business opportunities because
b. it focuses on providing value and benefits to its customers instead of meeting company objectives
When a company concentrates on its internal capabilities rather than its customers' wants and needs?A production orientation is a perspective that focuses on the firm's internal capabilities rather than the marketplace's wishes and requirements.
A market-oriented corporation thinks that its success is determined by its customers and the level of happiness they get, rather than by an aggressive sales staff. It is based on the notion that the client is the most important aspect in a company's performance and that the sale is dependent on their decision to acquire the goods.
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the united states is highly protective of its agricultural food industry, imposing import tariffs and sometimes quotas on imports of agricultural goods. this chapter presented three arguments for trade protection. for each argument, discuss whether it is a valid justification for trade protection of u.s. agricultural products.
A tariff is a tax levied on an imported good with the intent to limit the volume of foreign imports, protect domestic employment, reduce competition among domestic industries, and increase government revenue.
Trade protection policies protect infant industries.Trade protection policies increase tariff revenue.Trade protection policies are government tools that aim to protect the domestic industry from foreign competition. This type of policy is enforced through import duties and quotas. Thus, the main argument is to promote the national industry in order to protect it from competition. In addition, import taxes increase revenue, because whenever a product is imported, a tax will be paid to the government
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FILL IN THE BLANK. Protecting yourself from exposure to toxic substances in the workplace is an example of promoting ______ wellness.
Skills in communication, education, technical skills, creativity, experience, problem-solving abilities, mental health, and personal resilience are all examples of human capital.
What is an example of human capital Class 9?
Human capital investment is the investment in things like education, training, and medical care.
What are the most important examples of human capital and physical capital?
Inanimate assets like cash, property, job site equipment, and inventory make up physical capital. In contrast, human capital refers to the capabilities, knowledge, and skills of an organization's staff.
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the pilots of various u.s. airlines are threatening to strike unless they receive wage increases. the pilots belong to a union. which of the following would most likely negotiate an agreement with airline management? group of answer choices government agencies union representatives employee supervisors individual employees
Most likely, union representatives and airline management will negotiate a settlement.
In the airline sector, there are two primary business models: conventional Full-Service Carriers (FSCs) and Low-Cost Carriers (LCCs). Southwest Airlines, based in the US, was the first to use the LCC business model. In a word, low-cost airlines reduce their operating expenses to provide the most affordable fares. In fact, LCCs were once known as "no-frills" airlines because they only charged extra for basic FSC amenities like seat selection or onboard meals.
Even while LLCs are known for their inexpensive ticket costs, these shouldn't be mistaken with FSC economy class tickets or tickets from smaller regional airlines. In actuality, a large part of what defines LCCs as "low-cost" is determined by how they function.
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on september 1, pike products purchases $5,000 of supplies from indigo industries, with the understanding that pike will provide payment within 60 days. when posting the journal entries related to this transaction, pike's accounting staff debits supplies for $5,000 and debits cash for $5,000. which of the following statements best describes the results of this posting?
C. The closing balance for the Supplies account will be accurate in Pike's general ledger. The ending amount for the Cash account, however, will be too high, while the ending balance for the Accounts Payable account will be inadequate.
What is general ledger?A general ledger is a bookkeeping ledger where accounting information is entered from journals and combined from subledgers such accounts payable, accounts receivable, cash management, fixed assets, purchasing, and projects. In general, the accounts in the general ledger match up with the income statement and balance sheet that they are intended for. Totals for cash, inventories, and accounts receivable—money owing to the company—from general ledger accounts may be included in the income statement.Since the journal entries for this transaction indicate that Pike's accounting staff deducted $5,000 from Supplies and $5,000 from Cash, it may be assumed that the ending balance for the Supplies account in Pike's general ledger will be accurate as a result of the posting. The closing amount for the Cash account will be too high, whilst the ending balance for the Accounts Payable account will be too low.The complete question is,
On September 1, Pike Products purchases $5,000 of supplies from Indigo Industries, with the understanding that Pike will provide payment within 60 days. When posting the journal entries related to this transaction, Pike's accounting staff debits Supplies for $5,000 and debits Cash for $5,000. Which of the following statements best describes the results of this posting?
A In Pike’s general ledger, the ending balance for the Cash account will be correct. However, the ending balance for the Supplies account will be too low, while the ending balance for the Accounts Payable account will be too high.
B In Pike’s general ledger, the ending balance for the Supplies account will be correct. However, the ending balance for the Cash account will be too low, while the ending balance for the Accounts Payable account will be too high.
C In Pike’s general ledger, the ending balance for the Supplies account will be correct. However, the ending balance for the Cash account will be too high, while the ending balance for the Accounts Payable account will be too low.
D In Pike’s general ledger, the ending balance for the Cash account will be correct. However, the ending balance for the Supplies account will be too high, while the ending balance for the Accounts Payable account will be too low.
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Jeremy issues 5,000 shares of common stock for $10 per share. Which of the following accounts are affected?
(Select all that apply)
Notes payable
Common stock
Revenue
Cash
Common Stock and Cash. The Notes Payable and Revenue accounts are not affected because this is not a loan or a sale of goods or services.
Notes Payable is an account that records the amount of money owed to a lender or creditor. Common Stock is an account that records the amount of stock issued by a company. Revenue is an account that records the amount of money earned from the sale of goods or services. Cash is an account that records the amount of money held in a company's bank accounts. Notes Payable is an account that records the amount of money owed to a lender or creditor. This account is typically used to record loans taken out by a company. Common Stock is an account that records the amount of stock issued by a company. This account is typically used to record the amount of stock issued to investors. Revenue is an account that records the amount of money earned from the sale of goods or services. This account is typically used to record the income generated by a company. Cash is an account that records the amount of money held in a company's bank accounts. This account is typically used to record the amount of money available to a company for use in operations.
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ransaction analysis involves which of the following? (select all that apply.) multiple select question. identifying the accounts to be debited and credited. closing the temporary accounts. posting the entry to the general ledger. identifying the elements involved in the transaction.
The correct response is a,c. Identifying the elements involved in the transaction. determining the accounts that will be credited and debited.
A completed transaction is an agreement between a buyer and a seller to trade goods, services, or financial assets in exchange for cash. Furthermore, corporate accounting frequently makes use of the phrase. This simple definition can become complicated in corporate bookkeeping. Whether a business utilizes accrual accounting or cash accounting will determine when a transaction is recorded. A sale is a straightforward business transaction involving a buyer and a seller. Person A gives Payment B to Person B as payment for a good or service. The exchange of the product or service for cash, after the acceptance of all terms, completes the transaction. In the accounting industry, transactions may be more complicated.
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one account pays 6% interest and another pays 12%. if $6,000 was invested for a year and the interest earned was $540, $3,000 was invested at 6%.
Function/Primary Focus of Financial Accounting:
The primary focus of financial accounting is to provide users with financial information about an entity in order to make informed economic decisions.
It involves the preparation of financial statements that summarize and report the financial position and performance of an entity over a specific period of time. Financial accounting typically includes the recording, summarizing and reporting of financial transactions related to a business. It also includes the analysis of financial data to assess the financial performance of a company.
The process of recording, compiling, and reporting the numerous transactions occurring from corporate operations throughout time is known as financial accounting. It is a particular branch of accounting.
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each of the financial statements on the left are described on the right. identify the description that goes with each financial statement. instructions
The financial statements are:
Balance SheetIncome StatementStatement of Owner's EquityStatement of Cash FlowsWhat are the financial statements?Financial statements are records that outline the operations and financial standing of a firm. Government organizations, accounting companies, etc. frequently audit financial statements to guarantee correctness and for tax, financing, or investment purposes.
Reports the balance Sheet of the owner's equity, obligations, and assets at a specific period in time. Reports the earnings and costs a company has incurred over a certain period of time. Reports the equity changes over a specified time period. reports the changes in equity over a specified time period.Reveals the inflows and outflows of cash during a particular period.To know more about Balance Sheet, visit:
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for the week 1 case study, you will review the walker auto sales and service case on page 92 and 93. upon thorough review of the case, you will then answer the two questions regarding the case. it is not sufficient to state your opinions alone; you must be able to backup your responses by applying quality management concepts and topics from the text with the case data that support your findings. minimum response length is 5 sentences per question. please restate the question you are answering in your case study. see the questions below. drawing upon the principles of quality management and the unique nature of services addressed in chapter 1, describe some of the issues that darren must consider in achieving his vision. develop a list of action plans that he might consider.
All practises used by businesses to guide, control, and coordinate quality are referred to as quality management.
What do the quality management ideas entail?All practises used by businesses to guide, control, and coordinate quality are referred to as quality management. Establishing quality policy, objectives, planning, quality assurance, quality control, and quality improvement are some of these tasks.Development and QMS certification. The four quality process types ISO 9001, AS9100, Six Sigma, and CMMI are widely used in many different sectors. The selection of one is based on how well it fits the industry and how well workers and consumers are aware of the specific QMS.Planning, organising, staffing, leading, and managing are the five main responsibilities that make up management at its most basic level.
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