How can we apply accounting and bookkeeping in our daily lives?

Answers

Answer 1
Draw up a monthly budget. A monthly budget can do wonders for managing your month-to-month living expenses

Related Questions

Which method of payment actually is a form of borrowing money that
needs to be paid back later?*
5 points
O a. Cash
b. Credit Card
O c. Debit Card
O d. Check

Answers

Answer:

B. Credit Card

Explanation:

hope this helped

The total estimated cost of attending a public two-year college in Hasani’s home town last year was $2,265. The cost of attending the college is expected to increase 5% annually. Hasani plans to enter the college this year and attend for 2 years. Which is the best estimate for the total cost Hasani will pay for only his second year? $2,270.66 $2,275.00 $2,491.50 $2,497.16

Answers

Answer: Hi there! For this question, we will be compounding, because the cost of going of going to college goes up by 5% each year. The formula for compounding is P(1 + r)^t, where P = starting amount, r = rate, and t = time in years. First, let's add 5% (0.05) to 1. 1 + 0.05 is 1.05. We are talking about how much Hasani will have to pay in his second year. We will raise that number to the 2nd power. 1.05^2 is 1.1025. Now, we will multiply that number by2,265 to find the amount. When we multiply both numbers, we get 2,497.1625 or 2,497.16 when rounded to the nearest hundredth. There. Hasani will pay an estimated cost of $2,497.16. The answer is D.

Answer:

D

Explanation:

On March 1, Sara, a student, received a telephone call from ComputerChip, Inc. offering her a job for one year beginning on June 15, after completion of the school year. According to the personnel manager, she will have to move to California and be ready to start work at 8:00 a.m. on June 15. Should Sara ask for a letter confirming the telephone conversation if she accepts the offer immediately

Answers

Answer:

Yes, because the job offer is for longer than one year from March 1

Explanation:

Since in the question it is mentioned that Sara who is a student have offered a job on March 1 that begins on June 15 and she have to move to california for the job. So here the Sara  would ask the letter in the case when she accepted the offer immediately as the job offer would be more than one year i.e. from March 1

Therefore the above represent the answer

Scenario: Fiscal Policy Consider the economy of Arcadia. Its households spend 75% of increases in their income. There are no taxes and no foreign trade. Its currency is the arc. Potential output is 600 billion arcs. Reference: Ref 13-11 (Scenario: Fiscal Policy) Look at the scenario Fiscal Policy. Suppose the government decides to tax its citizens. The tax multiplier is: Group of answer choices impossible to determine. zero, because changes in taxes have no effect on aggregate demand. greater than the government spending multiplier. less than the government spending multiplier.

Answers

Answer:

less than the government spending multiplier

Explanation:

Given :

Percentage spends  by a households for the increase in the income = 75%

So the mpc = 0.75

Potential output = 600 billion arcs

The government multiplier is = [tex]$\frac{1}{1-0.75}$[/tex]

                                                [tex]$=\frac{1}{0.25}$[/tex]

                                                = 4

The tax multiplier is = [tex]$\frac{c}{1-c}$[/tex]

                                 [tex]$=\frac{0.75}{0.25}$[/tex]

                                 = 3

Thus we see that the tax multiplier is less than the government spending multiplier.

1. Kwan's annual premium is $1,284.00. He has the choice of paying semi-annually for a $1.00 fee or quarterly for a $2.00 fee. What is his quarterly payment? Is it twice the amount ?

Answers

I’m not sure but I’ll try to solve it right now for you so just give me some time

Chile is able to grow and harvest grapes and strawberries in the months of October through April, while in the United States such fruit is harvested from April through October. The United States has a much larger manufacturing capacity and ships durable goods such as cars and trucks to Chile. These examples can best be explained by

Answers

Answer: the economic principle of comparative advantage

Explanation:

Comparative advantage could be described as an economy's capability to produce a particular product at than the price competitor would offer. A comparative advantage could also be described as handling two jobs but being better in one than the other. One of the jobs could be primary duty while the other is secondary, one fetches income than the other which may or may not fetch an income or having a job that supplements the work you do for the other one

From the paragraph, both America and Chile farm fruit in their various reasons but United State does it better than Chile based on her massive manufacturing industry. The United states comparative advantage is her large manufacturing industry which helps her to be better than Chile in the fruit production.

A union declares it will be engaging in a partial strike whereby its employees will alternate between working for a period of time and then walking off the job for an indefinite time. Thus, employees may work for a few days or only a few hours before walking off the job again. The employer claims the union does not have the legal right to engage in a partial strike. Which statement is correct

Answers

Answer:

a. The employer is correct. The union must either strike or work—it cannot alternate between working and striking.

Explanation:

Since in the question it is given that that employee work for a less days or less hours prior walk off to the job again. Also the employer would claimed that the union does not have the legal right to have partial strike so here the employer is correct as the union could be do one thing at a time i.e. strike or work

So statement a is correct

How does penetration pricing discourage rival companies from entering the market? (Select all that apply.) Multiple select question. It encourages price skimming, which is too risky for most companies to engage in. It negates the experience curve effect, which usually helps competitors. Competitors who enter the market will temporarily face higher unit costs. Usually none of the companies make much profit in this situation.

Answers

Answer:

Competitors who enter the market will temporarily face higher unit costs.

2. Usually none of the companies would make much profit in this situation.

Explanation:

Penetration pricing is a pricing strategy where the sellers of a new product set the price for their product unusually low. This is to entice consumers to purchase the product

Advantages of penetration pricing

it increases market share of the firm conducting the penetration pricing it increases the sales of the firm practicing the penetration pricing

Disadvantages of penetration pricing

Profit earned by the company might be too low once a low price has been set for the good, it might be difficult to raise it later as it may drive consumers away.

Price skimming is when the price of a new product is set usually high

ACTIVITY 1
Multiple Choice: Choose the letter of the correct answer
1 It is all about discovering and satisfying your customers' needs and want while earning
a profit
A Marketing
B. Product C Promotion D Needs
2. These are the bundles of attributes and benefits designed to be offered to buyers to
satisfy their needs, wants, and demands
A Promotion B Products C Customer D Market
3 Making sure that they are specific and quantifiable so you can measure your progress
toward achieving them, belong to what step of marketing?
A Marketing objective B Identifying demographics C Defining place
4. What steps of marketing plan where you're referring to the entire set of activities that
inform people about your product/service?
A Marketing objective
B Choose your promotion strategy
C Develop a pricing strategy
5 Defined as the difference between what the customer gains from the product and what
the customers losses from the costs acquiring such a product
A Market
B Customer Value C Promotion​

Answers

Answer:

A. Marketing.B. Products.A. Marketing objectiveB. Choose your promotion strategyB. Customer Value.

Explanation:

Marketing is all about knowing what the customer wants and satisfying it by offering the relevant products.

Products are simply bundles of benefits that were designed to be able to satisfy the needs and wants of customers.

The marketing objectives specify what the goals need to be achieved when marketing so comparing reality against them helps show progress.

The promotion strategy shows the activities that will be undertaken during the marketing of your goods and services.

Finally, the customer value from a product is simply what benefit the customer received less the cost of receiving that benefit.

F ZMW 51,000 cash is paid to buy land, the land is reported on the buyer's balance sheet at ZMW 51,000.

Answers

Answer:

This is made due to the application of the cost principle or historical cost concept.

Explanation:

The cost principle or historical cost concept states that the assets, equities, and liabilities are required to be recorded on the financial records on the basis of their original cost. Thus as the cash paid is ZMW 51,000, the same is required to be recorded on the balance sheet of the buyer.

Rick works off commission. He earns 10 percent of all manufacturing equipment he sells. If he made a sale of $9,000, how much was his commission?

$100
$90
$900
$9,000

Answers

Answer:

C. $900

Explanation:

Divide your 9000 by 10 and theres your answer 900

If possible it is important to thank everyone you met at the company as you leave.

True
False

Answers

Answer:

true, always stay positive thank you you deserve more this for 50 points? that's amazing keep it up!

Explanation:

Answer:

False

Explanation: that would be exhausting. But for interviews it would be wise to thank them

what is the square root of 11200​

Answers

Answer:

The square root of 11200 is 105.83005244258.

Explanation:

The overriding aim in building a management team should be to: A. select people who are committed to decentralizing decision making and empowering employees. B. assemble a critical mass of talented managers who can function as agents of change and further the cause of first-rate strategy execution. C. choose managers experienced in controlling costs and flattening the organization structure. D. select people who have similar management styles, leadership approaches, business philosophies, and personalities. E. choose managers who believe in having a strong corporate culture and deeply ingrained core values.

Answers

Answer:

B. assemble a critical mass of talented managers who can function as agents of change and further the cause of first-rate strategy execution.

Explanation:

A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.

This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

Generally, the overriding aim in building a management team is to assemble a critical mass of talented managers who are able to typically function as agents of change while furthering the cause of first-rate strategy execution for the growth and development of a business firm or organization.

Let's pretend you have $1,200 a month to spend on rent. Be sure that there is at least
one apartment complex and one home on your list. Compare the three properties,
listing the pros and cons. Consider advantages or disadvantages related to the number
of bedrooms, location, amenities, and total floor space.
Which rental property would you choose based on your findings and why?

Answers

Answer:

Apartment 1:

pros:

- no previous tenants

- gym

fireplace

- garage

cons:

- 1 bedroom

- 1 bathroom

- no pool

- small kitchen

- no closet space

Apartment 2:

pros:

- pool

- 3 bedrooms

- 2 bath

- gym

cons:

- small bedrooms

- limited storage space

- holes in the wall

- mold

Apartment 3:

pros:  

- 2 bedroom

- 2 bathroom

- pool

- hot tub

- garage

- large kitchen space

- storage closets

cons:

- none

I'd choose apartment 3 based off of the things I found inside home. Everything is great and brand new, under $1,200 and exactly what to look for. It's the best choice out of all three options.  

Explanation:

I looked around for the answer to this question but couldn't find it. I created my own answer and got a 100. Hope this helps.

Malcolm has decided that he wants to open up his own law practice. The time has come to establish prices for his services. Due to his extensive experience and legal background, he believes that his fees should not relate directly to the time or effort spent on specific cases. Now that Malcolm has chosen the pricing strategy he wants to use, what is his next step

Answers

Answer:

determining the final price

Explanation:

In the given scenario Malcolm wants to use a pricing strategy that relies on his extensive experience and legal background rather than on time or effort spent on cases.

So he is promoting a higher quality of legal representation compared to other firms.

The next step in his pricing strategy will be to set the final price he wants to.offer his services.

This should be done by taking note of other law firms operating in the same community. A price that is too high will drive customers to competitors.

A bond issue with a face amount of $495,000 bears interest at the rate of 7%. The current market rate of interest is 8%. These bonds will sell at a price that is:

Answers

Answer: Less than $495,000.

Explanation:

The options are:

a. Equal to $495,000.

b. The answer cannot be determined from the information provided.

c. Less than $495,000.

d. More than $495,000.

It should be noted that a bond will be sold at a discount when the market interest rate is more than the stated interest rate.

Due to the lower interest rate, the investors will pay less for the bonds. Therefore, based on the information given, the bonds will sell at a price that is less than $495,000.

Therefore, the correct option is C.

Sales in 2015 1400000 at December 31,2015, before adjusting entire account receivable 250000debit allowance for doubt full account 2400 credit 2% net sales will prove uncollectible, prepare the December 31,2015, journal entry to record bad debt expense.

Answers

Answer:

Dr Bad Debt Expense $28,000

Cr Allowance for Doubtful Accounts $28,000

Explanation:

Preparation of the December 31,2015, journal entry to record bad debt expense.

Based on the information given the December 31,2015, journal entry to record bad debt expense will be :

Dr Bad Debt Expense $28,000

Cr Allowance for Doubtful Accounts $28,000

($1,400,000 *2%)

(To record bad debt expense)

G Brown has the following items in her balance sheet as on 30 April 20X8: Capital £18,400;

Creditors £2,100; Fixtures £2,800; Car £3,900; Stock of goods £4,550; Debtors £2,780; Cash at bank

£6,250; Cash in hand £220.

During the first week of May 20X8

(a) She bought extra stock for goods £400 on credit.

(b) One of the debtors paid her £920 by cheque.

(c) She bought a computer by cheque £850.​

Answers

Answer:

b

Explanation:

When comparison shopping, all of these hint at a good deal EXCEPT _____________________.

Answers

Answer: the sale price is the cheapest available.

Answer is …. there are more positive customer reviews than negative reviews.

Explanation:

Faylene underwent heart surgery that included, among other measures, the implantation of a pacemaker in her chest. Faylene later alleged that the surgeon's negligence resulted in a serious infection. Faylene's insurance company stated that the Uniform Commercial Code (UCC) governed the dispute because at issue was a contract for a pacemaker, which is a good. The hospital responded that the claim was based on a contract for a surgery, which is a service, and was therefore covered by the common law. What result is most likely?

Answers

Answer: The court will apply the predominant purpose test and will probably hold that this was a contract for a service.

Explanation:

Any agreement written in a contract which binds two parties are usually followed strictly. Whatever is written in the contract cannot be changed or influenced in the court room because it would have been believed that both parties went through the contract terms before signing it. Even though one party wants to challenge it in court it would hold no water for a challenge.

The case between Faylene and the hospital was signed in a contract for a peacemaker surgery, the effects of it and being taken to court would yield no effect since it's what Faylene wanted and entered agreement into.

In a private company's accounting system, inputs are __________ and outputs are _________. Multiple Choice marketing strategy-type information; sales data results of surveys on consumer satisfaction; accounts payables transactions such as sales, payroll, and other expenses; financial statements transactions such as the cash flow statement; payroll taxes

Answers

Answer:

Explanation:

transactions such as sales, payroll, and other expenses; financial statements

The correct answer is Inputs are accounts payables transactions such as sales, payroll, and other expenses; outputs are financial statements transactions such as the cash flow statement.

Here is a breakdown of the answer:

Inputs: These are the data that are entered into the accounting system. In a private company's accounting system, the inputs would typically include accounts payables transactions, such as sales, payroll, and other expenses.

Outputs: These are the reports and documents that are generated from the accounting system. In a private company's accounting system, the outputs would typically include financial statements, such as the cash flow statement.

The other options are not correct because they are not typically included in a private company's accounting system.

For example, marketing strategy-type information and results of surveys on consumer satisfaction is typically not included in the accounting system. Payroll taxes are also not typically included in the accounting system, as they are usually handled by a separate department.

Thus , accounts payables transactions and financial statements transaction is the correct options.

Learn more about transactions, here:

https://brainly.com/question/28391823

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Four ways in which schools could promote entrepreneurship as a viable option to counteract unemployment

Answers

Answer:

Entrepreneurship is an important alternative to counteract unemployment. It not only gives provides employment to the entrepreneur but also provides jobs to others as well.

Explanation:

Entrepreneurship may be defined as the setting up of a business or a work looking out for making profit dealing with the risks and the challenges on its own.

Four ways in which the school can promote entrepreneurship as a viable option to counteract unemployment are :

build awareness and promote entrepreneurship among the students.Provide the benefits of being an entrepreneur and showing them the possibilities of setting up a business that can even provide jobs to others.Providing with valuable ideas and guidance regarding setting up a business and giving an overview of the current market trends and market study.Helping the students reach out to other entrepreneurs and also providing ways to get any financial aid to set up a business.

Four Ways through which Schools can promote Entrepreneurship include the following

Creation of entrepreneurship centres to provide consulting to non-profits and small businesses.Awareness creation through seminars and lectures on the importance of entrepreneurship as an alternative to paid employment. Host entrepreneurship contests where incentives are given.Inviting influential and professional entrepreneurs to give lectures.

What is Entrepreneurship ?

Entrepreneurship is defined as the process of starting up a business, and taking up the responsibility of financial risk with the hope of making profit.

Entrepreneurship is a potent means of reducing unemployment to the lowest minimum.

Entrepreneurship brings about creativity and as such value is created which leads to more wealth.

Learn more about Entrepreneurship at https://brainly.com/question/353543

A healthcare organization in Canada outsources its insurance work to a service provider in South Asia. The employees in South Asia used to receive less than half the salary that the employees in Canada received. But in recent years, there has been a rapid increase in employees salaries in South Asia. Slowly, the healthcare organization is reducing the level of outsourcing and is employing people in Canada. Which of the issues associated with offshore outsourcing describes the above scenario

Answers

Answer:

Diminishing cost advantages

Explanation:

Diminishing cost advantage is a decline in the coat benefits that offshore outsourcing offers.

Offshore outsourcing occurs when a company outsources part of its operations to a foreign company.

The main benefit of such a move is a reduction in cost.

However when the benefits decline it is referred to as diminishing cost advantage.

In the given scenario employees in South Asia used to receive less than half the salary that the employees in Canada received. But in recent years, there has been a rapid increase in employees salaries in South Asia.

This will result in more cost for the company through its outsourcing activity

16. A type of card that allows the card holder to spend a certain amount of money without ever having to pay it back?

Answers

Answer:

Debit card

Explanation:

Warby Parker, an online retailer for prescription eyewear, offers a free, try-on at home program for its customers. Customers browse frames on Warby Parker's website and select five pairs they would like to try on. They can then choose to purchase or return the frames. Warby Parker handles all the shipping costs and provides all the return packaging. This relates to the ________ of its products.

Answers

Answer:

trialability

Explanation:

Since in the given situation it is mentioned that an online retailer offers for free try for his customers and the customers select five pairs theywant to try. Also they could select either for purchase or return

So here it related to the trail of its products where the customer could see whether the company product provide the satisfaction or not and according to this they take the decision whether to purchase the product or not

Hence, the last option is correct

When comparison shopping, all of these hint at a good deal EXCEPT_____________________.
lower-priced models offer more features.
there are more positive customer reviews than negative reviews.
there is a coupon available for additional percentage off the price.
the sale price is the cheapest available.

Answers

When comparison shopping, all of these hint at a good deal: lower-priced models offer more features.

What is e-commerce?

E-commerce is also known as an online sale and it can be defined as a type of business model that is designed and developed to involve the buying, shopping, and selling of goods (products) over the Internet.

What is comparison shopping?

Comparison shopping can be defined as a practice that is commonly embarked upon consumers of goods (products), in which they compare a range of available suppliers in order to identify the best price for a particular good (product) and influence their decision on who to patronize or buy from.

In this context, we can reasonably infer and logically deduce that lower-priced models offer more features does not indicate or suggest a good deal when a consumer is comparison shopping.

Read more on comparison shopping here: https://brainly.com/question/17596795

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100 points
hurry

Pick a manufacturing job that interests you and in no less than 125-words, describe the job, explain the job’s part in its manufacturing industry, and justify why the job is necessary in that industry and must be performed well.

Answers

Answer

A brain surgeon

Explanation:

I picked this job because i find it amazing and it looking stisfiying cutting the perfict square and just relaxing.

A detective:

i also picked this job because i love solving mysteries and I love drama.

A CSI

i also picked this job because it makes me feel alive

Answer:

A brain surgeon

ExExplanation:

Catherine Jones has determined the following information about her own financial situation. Her checking account is worth $500 and her savings account is worth $900. She owns her own home that has a market value of $98,000. She has furniture and appliances worth $12,000 and a home computer and laptop worth $3,300. She has a car worth $12,500. She has recently purchased an annuity worth $5,500 and she has a retirement account worth $38,550. What is the value of her liquid assets

Answers

Answer:

$1,400

Explanation:

Calculation to determine the value of her liquid assets

Using this formula

Liquid Assets value =Checking account worth +Savings account worth

Let plug in the formula

Liquid Assets value=$500+$900

Liquid Assets value=$1,400

Therefore the value of her liquid assets is $1,400

What are the location factors of coca-cola? (Give me 2-4 factors)

Answers

Answer:

Labor Productivity: ...

Exchange rates and Currency Risk: ...

Costs: ...

Political Risk, Values and Culture: ...

Proximity to Markets: ...

Proximity to Competitor:

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