A company shows a $690 balance in prepaid rent in the unadjusted trial balance columns of the work sheet. the adjustments columns show expired rent of $245. This adjusting entry results in $200 decrease to net income.
Prepaid rent is defined as rent that has been paid prior to the rental period to which it applies. The first day of the month it covers is the due date for rent, which is typically paid in advance.
In order to mail the payment to the landlord and ensure that it arrives by the due date, the renter writes a check payment around the end of the preceding month. This is because the landlord typically sends an invoice several weeks in advance.
The payment would often show up in the tenant's income statement as a rent expense in that period because it was recorded and the check was cut in the month before the period for which the invoice was entered in the accounting software.
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What is one of the ways the united states helped integrate germany and japan into the new international order following world war ii?.
Analyzing the development of American ties with Germany and Japan, nearly seven decades after the end of World War II teaches important lessons about turning hostility into cooperation.
Why has America become the guarantor of global security and the role model for the Western world?
With two-thirds of the world's industrial capacity and three-quarters of the world's capital, the United States was a superpower. The fast transformation of its political and social influence into a guarantee of global security and a model for the Western world was made possible by its military and economic might.
How did Japan and America become allies after ww2?
The alliance was established during the American occupation following World War II. In exchange for keeping a significant military presence in Japan, which had a pacifist constitution, the United States agreed to defend it. In Japan, there are more than 80 American military installations.
How did the US contribute to ww2?
Many citizens offered their services to protect the country against invasion or bombing by the enemy. They received training in firefighting, bomb disposal, aircraft spotting, and first aid. Blackouts and other practice drills were overseen by air raid wardens. Over 10 million Americans had volunteered for civil defense by the middle of 1942.
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A chinese student pays tuition at a u.s. university. the chinese government classifies this transaction as?
A Chinese student pays tuition at a U.S. University. The Chinese government classifies the transaction as A service import.
What is service import?A service import is usually transactions of goods and services from non-residents to residents.
In this case, A Chinese student pays tuition at a U.S. University. The Chinese government classifies the transaction as A service import.
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When adjusting the bank balance in a bank reconciliation, which item must be added to the bank balance?
Answer: ADJUST THE BANK STATEMENTS
Explanation:
Adjust the balance on the bank statements to the corrected balance. For doing this, you must add deposits in transit, deduct outstanding checks and add/deduct bank errors.
For retirement planning purposes, financial advisors often suggest that retirees have an income source that provides about _____________ percent of their wages when they were working.
For retirement planning purposes, financial advisors often suggest that retirees have an income source that provides about 70 percent of their wages when they were working.
What is retirement planning?Retirement planning can be defined as the way in which a person plan ahead of their retirement by investing or saving their money so as to have something to fall back to after retirement.
Therefore the financial advisors often suggest that retirees must have a source of source that will provides about 70 percent of their wages when they were working so as to live at a comfortable level after retirement.
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For the fall semester, you had to pay a nonrefundable fee of $600 for your meal plan, which gives you up to 150 meals. if you eat all of the meals, your average cost for a meal is:______
Average cost for a meal is $4.
Formula:Average cost = Total cost/ no. of goods produced
In this case:
Avg. cost = $600/150 = $4
What is Average Cost ?Calculating average cost, sometimes referred to as unit cost, requires multiplying the entire cost by the quantity of an item produced. The average cost has a significant impact on how much firms charge for their products. Average cost, sometimes referred to as average total cost or cost per output unit, is the price paid for an item (ATC).How to find the Average cost ?We may calculate the average cost by multiplying the overall cost by the whole volume of output. By dividing the overall cost by the total output, one may get the average cost or production cost per unit.The long-term price and supply of a product are determined by the average cost. The typical cost includes normal profits. Therefore, if a commodity's price is higher than its average cost, the corporation will profit more. However, if the price is below the average cost, the business loses money.To check more similar questions on Average cost, refer to:
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The balance between spending flowing into a country from other countries and spending flowing out of that country to other countries is the:________
The current account balance (CAB) is part of a rustic's financial inflow and outflow document. It is part of the balance of bills, the statement of all transactions made between one USA and every other.
The trade balance is the internet sum of a country's exports and imports of goods without deliberating all economic transfers, investments and other financial components. a country's change balance is nice (which means that it registers a surplus) if the fee of exports exceeds the cost of imports.
A deficit indicates extra cash is flowing out, at the same time as a surplus indicates more money is flowing in. Alongside non-financial and non-produced asset transactions, the capital account consists of: Dealings which include debt forgiveness. The transfer of products and financial belongings by using migrants leaving or coming into a country.
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How can countif, countifs, count, counta, and countblank functions help you in your chosen industry?
COUNT counts how many cells in a range contain numeric data (numbers). COUNTA counts how many populated cells in a range (i.e. not blank). COUNTBLANK counts how many blank cells in a range. COUNTIF counts how many cells in a range meet a certain condition.
What is condition?The World Health Organization defines health as "a condition of complete physical, mental, and social well-being, rather than only the absence of sickness and disability." Over time, several definitions have been utilized for various purposes.
Nutrition is an important aspect of health and development. Better nutrition is associated with better infant, child, and maternal health, stronger immune systems, safer pregnancy and childbirth, a lower risk of noncommunicable diseases (such as diabetes and cardiovascular disease), and longer life.
Personal health is divided into five categories: physical, emotional, social, spiritual, and intellectual.
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High team cohesion and team norms that support the company’s goals will generally result in ________ performance. group of answer choices moderate poor low high
Last option. High team cohesion and team norms that support the company’s goals , will generally result in high performance.
What is meant by high cohesiveness in a team?This is the team that is known to have a high degree of unity existing in it. This is the type of team that would have the members aligning together this is what is meant by cohesion. This type of team is needed in every organization.
The reason is that that they have the ability to work together without issues. This would help to raise the performance of the team. Also the team would not have much issues. This would in turn show in the fact that the productivity of the company would be raised.
High team cohesion and team norms that support the company’s goals will generally result in high performance.
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What are some important elements of working with vendors as a sysadmin? check all that apply
Some important elements of working with vendors as a sysadmin are scheduling on-site maintenance, establishing relationships with vendors, procure hardware.
When considering what makes a good sysadmin, we can distill down to three key elements which are, sound technical knowledge of the systems they administrate, interpersonal skills, management and procedural components.
A sysadmin has a primary responsibility to support reliable and effective use of complex IT systems by end users, whether they are internal employees or external customers.
Hence, these elements are important to work with vendors as a sysadmin.
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You intended to "pay yourself first" with $35 into your savings account every month, but it looks like that’s not happening regularly. what could you do to fix the problem?
You intended to "pay yourself first" with $35 into your savings account every month, but it looks like that’s not happening regularly. Figure out how much you can afford to fix the problem.
If you pay yourself first, you pay yourself (usually via automatic savings) before you make any other expenses. In other words, prioritize long-term financial well-being.
Automation is an easy way to pay yourself first. If you have a 401(k), set up contributions from your pre-tax salary to your 401(k). Also, use the app or log into his website at your bank to arrange automatic transfers from your checking account to your savings account or IRA.
When creating a “pay yourself first” budget, one of your first questions may be, Most experts recommend saving at least 20% of your income each month.
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Marginal revenue for a single-price monopolist is? less than the market price. greater than the market price. equal to zero for all levels of output. equal to the market price.
Marginal revenue for a single-price monopolist is less than the market price. greater than the market price. equal to zero for all levels of output. equal to the market price.
Since the seller is a monopolist and a single seller in the industry, it faces market demand of the curve at all levels of output and he will always lower the price on all units in turn to sell the additional units of the produce.
In turn the marginal revenue is less generated because when the demand will rise absolutely in the market then and there it would surely lower down the price of the produce . The output certainly depends upon the process of production and the market price.
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When the product price falls from $80 to $60, the quantity demanded rises from 500 to 800 units. the slope in this range is:_____.
When the product price falls from $80 to $60, the quantity demanded rises from 500 to 800 units. The slope in this range is : -0.067.
What is Quantity Demanded ?Quantity demanded is the quantity of a commodity that people are willing to buy at a particular price at a particular point of time.
Quantity demanded is a term used in economics to describe the total amount of a good or service that consumers demand over a given interval of time. It depends on the price of a good or service in a marketplace, regardless of whether that market is in equilibrium.
The relationship between the quantity demanded and the price is known as the demand curve, or simply the demand. The degree to which the quantity demanded changes with respect to price is called the elasticity of demand.
The slope of the Demand Curve= Absolute Change in Price Absolute Change in Quantity
Solution-
Given-
P1 = 80, P2 = 60
Q1 = 500, Q2 = 800
Slope of the given range = Change in price / change in quantity demanded
Slope of the given range = ( P2 - P1 ) / ( Q2 - Q1)
= ( 60 - 80 ) / ( 800 - 500)
= -20 / 300 = - 0.067
Therefore, we can conclude that the slope in this range is: - 0.067.
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If the fed wants to raise the federal funds rate by one-half of a percentage point, it should _____
If the fed wants to raise the federal funds rate by one-half of a percentage.
The bank should reduce the reserves by $50 billion.As initiallly the supply curve of reserves is S11 , when the supply decreases to S12 , it leads to the increase in the feds funds rate to 6.
Federal funds, often referred to as fed funds, are excess reserves that commercial banks and other monetary establishments deposit at local Federal Reserve banks; these funds may be lent, then, to different market individuals with inadequate cash available to satisfy their lending and reserve wishes.
The Federal Reserve raised the goal range for the fed budget fee by way of at some point of its assembly, the fourth consecutive rate hike, and pushing borrowing charges to the highest level considering the fact that matching market forecasts.
Federal budget are reserves held in a financial institution's Federal Reserve bank account. If a financial institution holds extra fed funds than is required to cover its law D reserve requirement, those excess reserves may be lent to some other financial organization with an account at a Federal Reserve bank.
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What percentage of population loss has niagara falls, new york, experienced since the closure of the niagara electric company many years ago?
Niagara Falls, New York, had experienced a population fall since the 1960s, going from a peak of 102,394 to 50,193 as of the present since the closure of the Niagara electric company.
What is Niagara Falls?Niagara Falls is basically comprised of three distinct waterfalls: the Horseshoe Falls, and Bridal Veil Falls, and the American Falls, which are the smallest.
Some features of Niagara fall are-
A 63-year-old teacher was the first individual to survive crossing Niagara Falls in such a barrel. In 1901, Annie Taylor stuffed herself and her cat into a barrel and plunged down the falls in search of fame and wealth.Making an attempt to cross the Falls is prohibited and is punishable by a $10,000 fine.As ice fields above Lake Erie clogged at the river's source in 1848, the Falls mostly only stopped once for 30 hours.During the busiest daytime hours of the Summer, more than 168,000 cubic meters, or 6 million cubic feet, of water flow so over Horseshoe Falls every minute.To know more about the Niagara Falls, here
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Why is it important for me to conduct myself in an appropriate manner throughout recruitment and beyond?.
It is important for me to conduct myself in an appropriate manner throughout recruitment and beyond to leave a good impression on others and to perform our jobs in a great way.
What is an appropriate manner?
Right or suitable; fitting.
Rare particular; own.
What is an example of a manner?
An example of manner is the way in which someone performs her job.
A way or method in which something is done or happens; mode or fashion of procedure.
Characteristic mode of acting, conducting, carrying one's self; bearing; habitual style. His natural manner makes him seem like the boss.
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What kinds of knowledge or skills might help leaders to be effective in influencing group communication?
Good communication skills might help leaders to be effective in influencing group communication. Individuals with better understanding and beliefs are more likely to uphold the ideals and concepts that their leader wants them to adopt. This is made possible by effective communication skills. Communication skills are the abilities you use when providing and receiving various types of information.
Examples include expressing new ideas, emotions, or providing an update on your project. Listening, speaking, observing, and empathizing are the four Cs of communication. To understand information more thoroughly and quickly, you and others must have effective communication skills. In contrast, poor communication skills frequently lead to misunderstandings and dissatisfaction.
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A good investment should do one or both of which two things? a. grow in value or produce income b. raise prices or increase demand c. avoid opportunity cost or increase volatility d. decrease diversification or decrease interest please select the best answer from the choices provided a b c d
A good investment should do Grow in value or produce income.
What is investment?The dedication of an asset to achieve a gain in value through time is referred to as investment. Investment necessitates the sacrifice of a current item, such as time, money, or effort. The goal of investing in finance is to earn a return on the invested asset.
Income investing is an investment approach that focuses on constructing an investment portfolio that is expressly designed to provide recurring income. The income investing strategy's main goal is to generate a consistent stream of income.
The type of investor you are and how you should make investments are determined by your investing personality. Your investing personality is essentially your financial risk profile, which considers aspects such as age, financial history, circumstances, and investment aspirations.
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_____means tailoring products to meet the needs of a large number of individual customers
Interfirm means tailoring products to meet the needs of a large number of individual customers.
Interfirm means that numerous companies will work together via the internet and via the use of other state-of-the-art era to provide services and products that customers want and want. The interfirm process recognizes that cutting-edge a success companies must operate in dynamic environments.
Inter-company networks are “a pick out, continual, and dependent set of self-reliant corporations (in addition to nonprofit corporations) engaged in growing products or services primarily based on implicit and open-ended contracts to adapt to environmental contingencies and to coordinate and shield exchanges.
Inter-firm relationships may be tested from a character or structures perspective. A man or woman attitude makes a specialty of the one-to-one courting between two firms. This is probably beneficial while reading the relationships of a pivotal company, along with a rustic's leading exporter or sole processing plant.
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To transform information into ________, a firm must expend additional resources to discover patterns, rules, and contexts
To transform information into knowledge, a firm must expend additional resources to discover patterns, rules, and contexts.
An organized collection of people, processes, software program, databases, and devices used to create, shop, percentage, and use the business enterprise's knowledge and experience.
There are three main forms of knowledge management systems that aid you in enterprise understanding sharing and dealing with. they're information work systems, clever strategies, and enterprise-wide understanding of control systems.
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Strategic ______ involves monitoring the execution of strategy and taking corrective action when necessary.
Answer is strategic control.
Strategic control is a means of overseeing a strategic plan's execution. It is unique in the management process since it can handle the unknown and ambiguous while tracking the implementation of a plan and its subsequent consequences.
Strategic controls are meant to lead the firm in the direction of its long-term strategic goals. Following the selection of a strategy, it is applied throughout time to steer a corporation in a rapidly changing environment. Strategies are forward-looking and depend on management assumptions about several unanticipated outcomes.
Traditional control methods strive to compare actual results to a standard. When the job is completed, the manager reviews it and utilizes the results to guide future efforts.
Therefore, the answer is strategic control.
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A nasty fungus sharply reduces the supply of. what will happen to the equilibrium price and quantity of both and as a result of this event?
Make S2 higher up than S1 and label the intersection with D1 A as a result of this event.
A decrease in supply will cause the equilibrium price to rise; the quantity demanded will decrease.
An equilibrium price, additionally called a market-clearing rate, is the purchaser value assigned to a few services or products such that supply and demand are equal, or near identical. The producer or dealer can promote all of the gadgets they need to transport and the purchaser can access all of the units they need to shop for.
An equilibrium price is a balance of call for and deliver elements. there's a bent for costs to go back to this equilibrium unless a few traits of call for or deliver alternate. Changes inside the equilibrium rate occur whilst both demand or deliver, or each, shift or circulate.
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A business manages to become more efficient. As a result of this improved efficiency, it will?
A business manages to become more efficient. As a result of this improved efficiency, it will Know what to build, Build trust, Provide the right tools,
Never stop improving.
Because being efficient in your day-to-day operations helps you improve your productivity, increases your production output and can eliminate time-consuming admin tasks. When a business operates inefficiently, it can end up absorbing an incredible amount of revenue each year.
Productivity is a measure of how efficiently a person completes a task.
Inefficiently means an absence of efficiency, not performing up to the best of ability or productivity.
Incredible means extraordinary and improbable to be believed making incredible claims.
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Key areas you as a broker/agent have control over and impact upon regarding Star Ratings for quality are
The key areas that a broker has control over would be all of the above. These are:
Member satisfaction/Experience, Complaints, Rapid DisenrollmentWho is a broker?This is the term that is used to refer to a person that has to act on behalf of another party. The broker is one that helps to act as an agent especially when it comes with making a deal.
The quality for the broker is a very necessary component of what they do. It is very necessary that the broker is able to keep the customers satisfied and free from complaints.
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What price will uncle joseph receive per unit at the profit‑maximizing level of output?
Uncle Jeremy receives a $3 price per unit at the profit-maximizing level of output.
What is the firm's profit-maximizing level of output?
The production rule listed below is used by a competitive business to increase profits: The output level that generates the most profit for the company is where the marginal cost (MC) just touches the product price and where the MC curve is sloping upward.
How do you calculate profit-by maximizing price and quantity in perfect competition?
When marginal revenue equals marginal cost, or when MR = MC, a fully competitive firm will make the decision that will maximize its profits.
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The correct question is:
Uncle Joseph's farm has costs and revenue as seen in the graph.
What price will Uncle Joseph receive per unit at the profit-maximizing level of output?
Fastforward has net income of $18,955, and assets at the beginning of the year of $200,000. assets at the end of the year total $246,000. compute its return on assets. a. 7.7%. b. 8.5%. c. 9.5%. d. 11.8%
Its return on assets is 8.5%.
What is return on assets?The return on assets measures how profitable a company's assets are at generating income.
Return on assets (ROA) measures how lucrative a company is in relation to the assets or resources it owns or controls. ROA can help investors uncover potential stock opportunities because it reveals how efficient a firm is at leveraging its assets to produce profits.
Return on Equity (ROE) is commonly defined as net income divided by equity, whilst Return on Assets (ROA) is defined as net income divided by average assets.
Return on Assets (ROA) is a sort of ROI metric that assesses a company's profitability in relation to its total assets.
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Recount a time when you sent mixed signals when communicating with others. how could you have prevented this miscommunication? have you ever encountered communication problems when using electronic media
Preventions for miscommunication are given below.
What should we do to avoid miscommunication?Simplify your message; limit the number of thoughts in each sentence to be clear and concise. Get to the point fast to avoid talking in circles. Check your facts - Make certain that your communication is free of errors. Nothing is more perplexing than disseminating misleading information.Strategies for better communication:
Make your messages clear and succinct.Don't dodge difficult subjects.Choose your communication medium appropriately.Maintain your composure.Encourage individuals to come to you if they are unsure.Yes, I've certainly encountered several similar moments, mostly in the dating arena, which frequently produce a situation in which one is dealing with confusing signals.
Therefore, preventions for miscommunication are given.
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A leader who fosters collaboration, does not act alone, and focuses on strengthening others is using the leadership practice of __________________.
A leader who fosters collaboration, does not act alone, and focuses on strengthening others is using the leadership practice of. Encourage collaboration. Empowering Others.
Collaborative leadership is a management practice in which members of a leadership team collaborate across disciplines to make decisions and maintain an organization's success.
A transformational leader is someone who: Promote employee motivation and positive growth. Set moral standards within the organization and encourage others to do so. Promote an ethical work environment with clear values, priorities and standards.
In collaborative leadership, the leader seeks input from the team before selecting a process for a particular project. For example, video calls, brainstorming with whiteboards, and collaborating on shared documents. Collaborative leadership promotes a supportive and harmonious work environment.
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When liz asks her father if he minds her borrowing the car, she notices he frowns and shakes his head. what is liz observing in her father?
Feedback is what Liz is expecting from her father when she notices he frowns and shakes his head.
What is feedback?This is the action that is usually given as a form of reaction to something. It is what a person expects when they ask question. Feedback is a way of people telling us what they have in their minds especially when it comes to certain situations.
When Liz asked the question, she would expect the answer from her father, The answer could have been a yes or a no or it could have come in the form of a gesture such as the frown.
This tells us that the father would not want to give the car to Liz from the way that he responded to her.
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Lower-level managers are empowered to make decisions in a ______ organization, which can ________ motivation and job satisfaction.
Lower-level managers are empowered to make decisions in a decentralized organization, which can increase motivation and job satisfaction.
What is motivation ?Motivation is the reason why humans and other animals begin, continue, or discontinue an activity at any particular time. Motivational states are typically viewed as internal forces that induce a desire to engage in goal-directed conduct.
The Three Kinds of Motivation
Extrinsic. Performing an action in order to achieve or prevent a specific result. Many of the things you perform every day are probably extrinsically driven. ...
Intrinsic. Internal motivation for success or a sense of purpose... Family. Motivated by a desire to provide for your family.
Motivation will assist him in achieving his personal objectives. Individuals who are motivated will be satisfied with their jobs. Individual self-development will benefit from motivation. Working with a dynamic would always benefit an individual.
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The ratios that measure the effectiveness of a firm's management in turning over inventory are called?
The ratios that measure the effectiveness of a firm's management in turning over inventory are called inventory turnover ratios.
What are inventory turnover ratios?Inventory turnover is an example of an activity ratio. Activity ratios are financial ratios that are used to measure the rate of efficiency with which a firm carries out its day to day operations.
Inventory turnover is the cost of goods sold divided by average inventory.
Inventory turnover = cost of goods sold / average inventory
Where: Average inventory = (beginning inventory + ending inventory) / 2
The higher the inventory turnover ratio is, the more efficient the firm is in converting inventory to sales. If a company's turnover ratio is below the average inventory turnover ratio in the industry in which it operates, it is a negative indicator.
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