Answer:
Particulars Amount
Stockholders' equity, $5
September 1, 2016
Add: Revenues $37
Add: Accounts Payable $7
Less: Expenses $(30)
Less: Other assets $(21)
Add: Other liabilities $6
Cash $4
New Towne
Trial balance
For the year ended September 30, 2016
Account title Debit Credit
Cash $4
Other assets $21
Accounts payable $7
Other liabilities $6
Stockholders Equity $5
Revenues $37
Expenses $30
Total $55 $55
Revenues $37
Less: Expenses $(30)
Net income $7
Now that you know about the different types of bank accounts, relate this information to your chosen career path. Write a paragraph explaining the type(s) of bank accounts that you would need in order to save enough money for college or training for your career. Your answer should address the following questions:
Do you already have a bank account? If so, which type(s), and how do you use them? If not, then how could you go about opening a bank account of your own?
After learning about the different types of bank accounts, which one do you think offers the best options for saving money for college, daily living expenses, and an emergency fund?
Define a bounced check, or a check returned for insufficient funds. Explain a circumstance in which someone might bounce a check (give an example), and create and discuss a plan so that this does not happen to you.
Answer:
I pay for my expenses using either my debit card or cash that I withdraw from the ATM. It is very rare that I write a check to pay for my purchases. If there is an emergency situation, I withdraw money from one of my certificates of deposit.
I want to be a physicist, and I plan to earn a graduate degree in physics from Harvard University. I don’t have enough money saved up to pay for my tuition, even though I have two certificates of deposit accounts and one savings account. This means that I will probably have to take a student loan from my bank. However, I do have sufficient money in my checking account to pay for my daily expenses.
A bounced check is a check that a person has written but cannot pay for due to insufficient funds. For example, a person might send a check for a credit card bill but the person’s bank account may not have sufficient balance to pay this amount. To avoid check bouncing, I’ll always try and remember a rough figure of the money in my account. Additionally, wherever possible, I will pay my bill either in cash or by debit card.
Explanation:
PLATO sample answer
A bank monetary base account is managed by a bank or other financial institution wherein the bank records financial transactions with customers.
Bank Account:We pay for all our purchases with a debit card or cash from an ATM. I rarely pay for things with a check. I can take money out of one of my certificates of deposit because I need it in an emergency.
We want to be a physicist and plan to study physics at Harvard University. Although I have two savings deposits and one savings account, I may not have enough money set aside to pay for my tuition. As a result, I'll most likely need to borrow money from my bank for a student loan. My term deposit, on the other hand, has enough cash to cover our everyday needs.The bounced check has been written but cannot be paid because of a lack of money. The person may, for example, submit an account to cover a credit card debt, yet his or her bank account may not have adequate funds to cover the payment. I'll try to remember a rough figure of the money in my account to avoid checks bouncing.I'll also pay my share in cash or through a debit card whenever feasible.Find out more about the bank account here:
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How much is the price of a perpetual annuity with quarterly payments of $200 starting 4 years from now and discount rate (dr) 8%? Price is always the period prior to the first payment.
a. $7 430.15
b. $9 423.22
c. $7284.46
d. $7 468.70
Answer:
PV= $7,284.46
Explanation:
Giving the following information:
Cash flow= $200
Interest rate= 0.08/4= 0.02
First, we need to calculate the value of the annuity 4 years from now:
PV= Cf/ i
PV= 200/0.02
PV= $10,000
Now, using the following formula, we determine the value today:
n= 4*4= 16
PV= FV/(1+i)^n
PV= 10,000 / (1.02^16)
PV= $7,284.46
Kelly is a self employed tax attorney whose practice primarily involves tax planning. During the year she attended a 3-day seminar related to changes related to tax law. She incurred the following expenses: Lodging - $400 Meals - $95 Registration - $350 Transportation - $150 How much can Kelly deduct
Answer: $947.50
Explanation:
The amount that Kelly can deduct will be calculated as:
Lodging = $400
Add: Meals at 50% = $95/2 = $47.50
Add: Registration = $350
Add: Transportation = $150
Total deductions = $947.50
A city and school district are coterminous. When evaluating the debt issues of the city, the school district debt would be considered:______
a. Overlapping debt
b. Separate debt
c. Double-barreled debt
d. Underlying debt
Answer:
a. Overlapping debt
Explanation:
A city and school district are coterminous. When evaluating the debt issues of the city, the school district debt would be considered an overlapping debt.
The city and school district being coterminous simply means that they share the same things in common such as geographic boundaries, locations, scope of business, branch (jurisdiction) strategies and perhaps objectives.
An overlapping debt can be defined as the financial obligations of a municipality that falls partly or is being shared with a nearby jurisdiction (neighboring district, towns etc.)
Which of the following is true of workforce diversity?
a. It can be a source of competitive advantage.
b. It causes a drop in creativity and innovation.
c. It reduces conflict within an organization.
d. It leads higher levels of employee turnover.
Answer:
a. It can be a source of competitive advantage.
Explanation:
Remember, a diverse workplace is one where you find a diverse range of individuals from different cultures, gender, race, age, sexuality, language, educational background, etc all working together to achieve the goals of the organization.
By having this diversity in the workplace an organization can rightly tap into the wealth of experience of its staff in understanding how to better position their products or services into the market.
What are the four pathways in the Hospitality and Tourism career cluster?
O Teaching and Education
O Luggage, Laundry, and
Personal Organization
O Recreation, Amusements, and Attractions
O Restaurant and Food/Beverage Services
O Cleaning and Supervision
O Travel and Tourism
O Lodging
O Farming and Food Cultivation
Recreation, Amusements, and Attractions, Restaurant and Food/Beverage Services, Travel and Tourism and Lodging are the four pathways in the Hospitality and Tourism career cluster. Hence, option C, D, F and D are correct.
What is Hospitality and Tourism?The hospitality and tourism sector is a sizable one that encompasses all commercial pursuits that either directly or indirectly support or are supported by travel and tourism. Hotels & Resorts are included in this industry segment. eateries and catering. Bars and nightclubs.
The hospitality sector is large and can be divided into various subsectors. Food and beverage, lodging, travel and tourism, and entertainment and recreation make up the top four industries.
A career in hospitality management is a great fit for those who like to travel, interact with a variety of people, and inject some daily excitement. Work anywhere in the world is possible with a career in hospitality.
Thus, option C, D, F and D are correct.
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Answer:
3) Recreation, Amusements, and Attractions
4) Restaurant and Food/Beverage Services
6) Travel and Tourism
7) Lodging
Explanation:
just did the assignment
What is the distinctive competency Toyota appears to be hoping to achieve by investing in Uber Technologies?
a. Basic factors of production
b. Intellectual property
c. Organizational architecture
d. Resources
Answer:
b. Intellectual property
Explanation:
Toyota is investing in Uber a car hailing service company.
Uber has cutting edge technology that makes it stand out from other car hailing services.
Toyota wants to have a part of this technology in order to improve on their cars and make them stand the test of time with regards to customer satisfaction.
To do this Toyota invested $500 million in Uber and in exchange they have access to Uber's intellectual property.
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answers.
A. High school athletes stop shopping there.
B. The inventory of sports socks goes unsold.
C. Sneaker sales were declining before the decision to sell dress shoes.
D. Dress shoes cost less for the store to buy from a supplier.
Answer:
It's A) High school athletes stop shopping there and B) The inventory of sports socks goes unsold
The scenerio that can be considered as an effects which makes Sole Sister Shoe Store to choose selling of dress shoes over sneakers is because of;
High school athletes stop shopping there.The inventory of sports socks goes unsold.The reason for this is that the the Sister Shoe Store discover that those schools are not buying sneakers and sport socks like before, and the only way to make her business to move is to adopt another product which is dress.
What is an inventory?Inventory can be regarded as goods as well as merchandise, and materials that the business hold to sell in the market to earn a profit.
In this business the profit is been shared alone, therefore, A and B are correct.
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What is the present value of a four-period annuity of $150 per year that begins two years from today if the annual rate of return on similar investments is 9%?
Answer:
$409.02
Explanation:
In the first place, we need to determine the present value of the yearly annuity at the beginning of payout in 2 years:
PV=yearly payment*(1-(1+r)^-n/r
yearly payment=$150
r=annual rate of return on similar investments =9%
n=number of annual payments=4
PV=$150*(1-(1+9%)^-4/9%
PV=$150*(1-(1.09)^-4/9%
PV=$150*(1-0.708425211 )/9%=$485.96
Present value in 2 years=future value today=$485.96
PV=$485.96 /(1+9%)^2=$409.02
If one Swiss franc (CHF) can purchase 0.85 U.S. dollar, how many Swiss francs can one U.S. dollar buy
Answer: CHF 1.18 Swiss Franc
Explanation:
If one Swiss franc (CHF) can purchase $0.85, this means that the Swiss franc is weaker than the dollar as it can only buy less than 1 dollar per Swiss franc.
If one Swiss Franc is to $0.85, one $1 will be;
= 1/0.85
= 1.18 Swiss Franc
What visual communication standard is not explicitly called out in the seven principles of business communication?
Answer:
persuasive
Explanation:
Principles of business communication are the principle that can be followed to have a successful business and to experience effective communication as far as business is concerned. Some of the principles are; Clarity, objectivity, consiceness, relevancy, consistency as well as audience acknowledge.
It should be noted that persuasive is the visual communication standard which is not explicitly called out in the seven principles of business communication. Persuasive which is regarded as the presentation of argument in order to change or motivate the audience though is a tool on its own.
is the creation of real or perceived differences in goods or services.
Answer:product differentiation
Explanation:
Dr. Khoury is a chiropractor with his own practice in a rapidly growing community and would like to add staff members to his business to accommodate the increase in his patient base. He needs to hire a second Chiropractor, a Massage Therapist, a Physical Therapist, and a Medical Secretary. The four candidates have the education indicated in the table.
Candidate
Education Level
Candidate A
high school degree, associate’s degree
Candidate B
bachelor’s degree, medical school degree
Candidate C
high school degree
Candidate D
bachelor’s degree, master’s degree
Which candidate would be best suited for each position?
Candidate A: Medical Secretary Candidate B: Chiropractor Candidate C: Massage Therapist Candidate D: Physical Therapist
Candidate A: Massage Therapist Candidate B: Physical Therapist Candidate C: Medical Secretary Candidate D: Chiropractor
Candidate A: Physical Therapist Candidate B: Chiropractor Candidate C: Massage Therapist Candidate D: Medical Secretary
Candidate A: Massage Therapist Candidate B: Chiropractor Candidate C: Medical Secretary Candidate D: Physical Therapist
Answer:
C
Explanation:
Just took the test
There are criteria used in selection. The candidate would be best suited for each position is candidate C.
What does a chiropractor do?A chiropractor is a trained personnel who does Chiropractic adjustment. This is known as a procedure that involves a trained specialists who use their hands or a small instrument as a form of control and sudden force to a spinal joint of another person.
The aim of this procedure, also called spinal manipulation is mainly to boast spinal motion and boast the body's physical function.
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QUESTION 4 of 10: Your union goes on strike. You lose $15,000 in wages from a $65,000 per year job as a result of not working during the strike. The strike concluded with a new contract providing a 5% wage increase for the next five years. This resulted in $18,000 in additional Income over five years. What was the net gain or loss for the employee?
Answer: increase by 3000 dollars
Explanation:
18000-15000= 3000 gained
The net gain for the employee is $3,000 gain
Using this formula
Net gain or loss =(Loses in wages)+Additional Income
Where:
Loses in wages=-$15,000
Additional Income=$18,000
Let plug in the formula
Net gain or loss=-$15,000 +$18,000
Net gain or loss=$3,000 gain
Inconclusion The net gain for the employee is $3,000 gain.
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____ are the goods and materials available for sale at the beginning of a period.
Raw materials
Ending inventory
Cost of goods sold
Beginning inventory
Answer:
Beginning inventory
Explanation:
Beginning inventory refers to the finished goods that are still in the business premises at the beginning of a fiscal year. They represent the finished products that the business was not able to sell in the past period. Beginning inventory becomes part of the inventory to be sold in the current year.
Other terms that describe beginning inventory are opening inventory, opening stock, and balance brought forward.
Answer:
D- Beginning inventory
Explanation:
Executives at worldcom committed an $11 billion fraud by capitalizing costs that should have been expensed. What was the effect of this fraud on worldcom's income statement?
Answer:
net income was too high, expenses were too low
Explanation:
From the question, we are told about how Executives at worldcom committed an $11 billion fraud by capitalizing costs that should have been expensed. In this case the effect of this fraud on worldcom's income statement is that net income was too high, expenses were too low. An income statement which can also be regarded as "profit and loss" account is a financial statement that gives the revenue as well as the expenses of a company at a particular period, so if the Executive capitalize costs that should have been expensed then it equates to the net income been too high while expenses were too low.
Use the drop-down menus to identify the career that matches the description.
1.) Oversees the finances for an organization:
A.) Risk Management Specialist
B.) Investment Fund Manager
C.) Brokerage Clerk
D.) Treasurer
2.) Helps individuals create strategies for budgets, taxes, and investments:
A.) Financial Services Sales Agent
B.) Securities Trader
C.) Personal Financial Advisor
D.) Budget Analyst
3.) Manages the paperwork for buying and selling securities:
A.) Brokerage Clerk
B.) Risk Management Specialist
C.) Financial Services Sales Agent
D.) Commodities Trader
4.) Oversees a large number of combined investments:
A.) Treasurer
B.) Commodities Trader
C.) Investment Fund Manager
D.) Personal Financial Advisor
Answer:
sorry ik i’m late to answer but hopefully it can help someone else
Explanation:
1) D. Treasurer
2) C. Personal financial Advisor
3) A. Brokerage clerk
4) C. Investment fund manager
D. Treasurer
C. Personal Financial Advisor
A. Brokerage clerk
C. Investment fund manager.
What is the meaning of Treasurer?The person in charge of an organization's treasury is called the treasurer. Cash as well as liquidity administration, and risk management, including corporate finance are among the important basic responsibilities of a corporate treasurer.
The term originally referred to an individual in charge of a noble's riches, but it is now more widely used. The Lord High Treasurer served as the third major officer of the Crown on various occasions in England throughout the 17th century.
The safeguarding of assets is the role of accounting. It keeps a record of all things by keeping accurate records, so everyone may always know what resources are accessible. The Treasury is accountable for handling funding. It assesses risk and protects an organization's financial stability. Treasurers prioritize income through expanding investments, for example. In the structure of the finance department, the role of the nonprofit treasurer focuses on accounting and bookkeeping as well as managing the company's monetary adviser.
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From the following list of balances, prepare a Trial Balance : (6)
Particulars
Rs
Capital A/c
200,000
Debtors A/c
30,000
Fixed Assets A/c
192,000
Sales A/c
110,000
Return Outward A/c
1,000
Bills Payable A/c
8,000
Bank Overdraft A/c
11,000
Opening Stock A/c
15,000
Creditors A/c
30,000
Purchases A/c
70,000
Return Inwards A/c
2,000
Wages and Salaries A/c
30,000
Bills Receivable A/c
15,000
Rent A/c
90Explanation:90
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define the concept entrepreneur
Answer:
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. Entrepreneurs who prove to be successful in taking on the risks of a startup are rewarded with profits, fame, and continued growth opportunities.
Explanation:
This should help you.
Q5. You are launching the Pakistani street food cafe. Identify the marketing mix (four p’s) -
Answer and Explanation:
According to the given scneario, the identification of the marketing mix i.e. four p's are product, price, place and the promotion
1. Product: The product is food cafe. The main thing about the food is the taste, how it looks. The product should be attractive, full of taste.
2. Price: The price of the food for each type of product should be reasonable so that everyone could afford it. Also the price is depend upon the competitor price
3. Place: The place should be very attractful so that many customers could be come. It could be in river side or lake view. Also if the cafe provides the home delivery without any charges this things would attract most of the customers
4. Promotion: The promotion of the food cafe could be done in social sites, radios, newspaper so that the public at large could know about it
_____ is the process of tapping information systems to extract and report data in organized ways that are helpful to decision makers.
Answer:
The answer is "Business intelligence".
Explanation:
It's a technology-based data mining system that allows managers, customers, and executives to make more informed marketing decisions as well as provides order to make efficient.
It is a system that implies a big data value, which is created as the authority of the data in the organization was being used as a tool.
__________ are a type of limited-function wholesaler that owns products they sell, but do not actually handle, stock, or deliver them.
A. Rack jobbers
B. Catalog wholesalers
C. Drop-shippers
D. Truck wholesalers
E. Cash-and-carry wholesalers
Answer:
Option C (Drop-shippers) is the correct choice.
Explanation:
Drop shipping would be a technique of retail fulfillment where a store does not maintain the items in stock that it advertises or sell. Instead, whenever a store offering its products that used the drop shipping framework, it buys goods from either a third party and it may have delivered the product straightforwardly. The products are owned by Drop shippers but they have never handled or executed them.Some other alternatives given weren’t linked to the scenario in question. So, the alternative above is the right one.
What is meant by activity analysis? Give 3 criteria for determining whether an activity adds value.
Answer:
The definition is summarized below and according to the case provided.
Explanation:
The method of trying to break down another operation into comprehensive steps as well as analyzing every other component independently of someone is activity analysis.
The three criteria for deciding not just whether value addition would be an activity or behavior:
The phase must move the product towards the conclusion. The phase without complete redesign should be performed correctly the first time. The clients are concerned and will compensate for the move to be taken.Kenji has had an illness and an accident during the year. His combined out-of-pocket expense for both incidents was $1,000. The insurance company will now start to pay some of his medical expenses. What does the $1,000 represent?
a. Participation (co-insurance)
b. Deductible
c. Coordination of benefits
d. Intemal limits
Answer:
b. Deductible
Explanation:
Since in the question it is mentioned that Kenji who had an illness and had an accident during the year also the combined out of pocket expenses is $1,000.
So this $1,000 represent the deductible
hence, the correct option is b.
And the other options are wrong
Therefore the same is to be considered
Common fixed expenses have been allocated equally to each of the two divisions. Carter's segment margin for the West Division is:
Answer: B. $132,000
Explanation:
When calculating the Segment margin, it is important to note that only costs that are directly traceable to the segment are to be deducted from the revenue.
The segment margin therefore is;
= Sales revenue - Variable costs - Direct fixed costs
= (50,000 * 10) - (50,000 * 6) - 68,000
= 500,000 - 300,000 - 68,000
= $132,000
Your catering business sells luncheons and dinners. Luncheons are $1,000 each, and dinners are $2,000 each. You sold 300 meals in total for revenue of $460,000. How many of each did you sell?
Answer:
140 luncheons, 160 dinners
Explanation:
The number of luncheons and dinners that are sold will be 140 and 160, respectively.
What is the solution to the equation?The allocation of weights to the important variables that produce the calculation's optimum is referred to as a direct consequence.
Your catering business sells luncheons and dinners. Luncheons are $1,000 each, and dinners are $2,000 each. You sold 300 meals in total for a revenue of $460,000.
Let 'x' be the number of Luncheons and 'y' be the number of dinners. Then the equations are given as,
x + y = 300 ...1
1,000x + 2,000y = 460,000 ...2
From equations 1 and 2, then we have
1,000(300 - y) + 2,000y = 460,000
300,000 - 1,000y + 2,000y = 460,000
1,000y = 160,000
y = 160
Then the value of 'x' is given as,
x + 160 = 300
x = 300 - 160
x = 140
The number of luncheons and dinners that are sold will be 140 and 160, respectively.
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what tax event must take place when a taxpayer receives a Form 1099-A?
_____ are the materials used in the main production or manufacturing of a product.
Cost of goods sold
Ending inventory
Beginning inventory
Raw materials
Answer:
Raw materials
Explanation:
Raw materials refer to items that go into the production systems to produce other goods. They are substances or materials that are processed to make consumable or usable finished products. They include vegetables, flowers, crude oil, animal products, minerals, wood, resin, and latex.
Answer:
It's B - Raw materials
Explanation:
on edge 2021
Sponsorship is an effective marketing strategy, particularly for sporting goods and recreational equipment.
Answer:true
Explanation: just took the test
Select all parts that should be included in a resume.
Answer:
Objective , contact information, work experience, education and training, education and training, name.
