The balance in the j. higgins, withdrawals account was $4,700. the entry to close the account would include a?

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Answer 1

The balance in the j. Higgins, withdrawal account was $4,700. the entry to close the account would include a debit to J. Higgins, Capital, $3,200.

A direct debit is a record of the amount deducted from your bank account, such as when you write a check. The total debits must balance the total credits. Synonyms: Payment, Liability, Payment, Obligation Other synonyms for direct debit.

In accounting, a credit is an entry that records a decrease in an asset or an increase in a liability, and a decrease in expenses or an increase in income (as opposed to a debit that does the opposite). Thus, credits increase net income on the company's income statement, while debits decrease net income.

A direct debit is a payment made or debited or an indication of the amount debited. Attempting to track a mysterious $2 withdrawal from a bank account is unlikely to succeed, but it should be done anyway.

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Related Questions

If the price elasticity of demand for insulin is equal to zero then the demand curve for insulin is?

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If the price elasticity of demand for insulin is equal to zero then the demand curve for insulin is - vertical

The demand curve is a graphical illustration of the connection between the price of a good or carrier and the amount demanded for a given period of time. In a standard representation, the rate will seem at the left vertical axis, the quantity demanded at the horizontal axis.

the demand curve, in economics, is a graphic representation of the relationship between product charge and the amount of the product demanded. it is drawn with the rate at the vertical axis of the graph and the amount demanded on the horizontal axis.

The demand curve can be an essential device to apply while companies make pricing decisions. this is because the demand curve can display the price factor wherein the customer responsiveness drops, in addition to the rate point that elicits the highest demand.

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The blank______ is usually accepted as a firm's cost of debt capital for wacc calculations. multiple choice question.

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The promised yield to maturity on the firm's bonds is usually accepted as a firm's cost of debt capital for wacc calculations.

Meaning of Maturity is the quality or state of being mature, especially full development. Maturity is the state of having reached a stage of full or advanced development. A maturity is a noun form of mature.

Maturity is not a matter of age, but instead, of how you choose to respond and react to various life situations. It is essentially a level of mental development or wisdom that has a bearing on all areas of an individual's life, right from their conduct to their relationship with others.

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Beryl company sells flash drives per week. purchaseorder lead time is weeks and the economicorder quantity is units. what is the reorder point?

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1800 units are the reorder point.

Option B. 1800 units.

Reorder Point = Maximum usage rate × Maseimutin lead time.

-> In given the Mancimum Sells of 900 hard drives.

Per week is the Maximum usage rate

and

Purchase order Lead time. 2 weeks is the maximum  Lead time

is maximum

So

Reorder Point = 900 x 2

Reorder Point. = 1800 unit

A reorder point (ROP) is a specific level at which inventory needs to be replenished. That means it will tell you when to order so you don't run out of stock.

Reorder Point formula is Lead Time Requirement + Safety Stock. Of course, to do an accurate calculation, you need to determine your lead time and safety stock needs.

Berkshire Ltd. sells 900 hard drives per week. Purchase-order lead time is 2 weeks and the economic-order quantity is 1625 units. What is the reorder

a. 1625 units

b. 1800 units

C. 1450 units

d. 3250 units

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A major purpose of the federal sentencing guidelines for organizations, the sarbanes-oxley act, and the dodd-frank act is to:_______.

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A major purpose of the Federal Sentencing Guidelines for Organizations, the Sarbanes-Oxley Act, and the Dodd-Frank Act is to encourage employees to report misconduct.

The Federal Sentencing Guidelines are non-binding regulations that established a consistent sentencing regime for defendants found guilty in the federal court system of the United States in 1987. According to the Guidelines, sentences can be "quite precisely calibrated" based on a variety of variables.

The Sarbanes-Oxley Act of 2002 is a federal law in the United States that prescribes specific procedures for corporate financial record keeping and reporting. The Dodd-Frank Wall Street Reform and Consumer Protection Act, also known as Dodd-Frank, is a federal law that was passed on July 21, 2010, in the United States.

Hence, The law's prohibition against employers retaliating against employee whistleblowers was a clause added by Congress to encourage workers to disclose fraud at their company.

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An example of an electronic brokerage system used to trade foreign exchange is?

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Reuters is an example of electronic brokerage system used to trade foreign exchange. With the use of a website, consumers can utilize e-brokerage to buy and sell stocks online and get information. Nearly all online brokerage firms allow consumers to create their own personal financial manager and have a straightforward sign-up process.

A wholesale electronic trading platform called Electronic Broking Services (EBS) is utilized to transact on the foreign currency market (FX) with market-making banks. Large banks formed it first as a partnership, and it later joined CME Group is electronic trading exchange connects buyers and sellers in a virtual marketplace.

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____ risk exists in situations that offer potential for gain as well as for loss.

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Speculative risk exists in situations that offer potential for gain as well as for loss.

What is Speculative risk ?

Speculative risk is a type of risk that can be taken deliberately and will result in either a profit or a loss. All speculative risks are the outcome of a deliberate decision.

In speculative risk, there are three conceivable outcomes: something good (gain), something bad (loss), or nothing (staying even). Gambling and stock market investing are two instances of speculative hazards. Each gives the opportunity to gain money, lose money, or even walk away.

Whereas pure risk is uncontrollable and may only result in a loss if it occurs, speculative risk is voluntary and can end in either a profit or a loss. As a result, speculative risks are considered controllable hazards.

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The magnitude of the government expenditure multiplier is ________ the magnitude of the tax multiplier.

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The magnitude of the government expenditure multiplier is smaller than the magnitude of the tax multiplier.

What is the government expenditure multiplier?

This is the term that is used to refer to the impact of the change in the income in the economy of a place given that the government of the place now has a change in the way that they carry out their expenditure. This is denoted by the term KG.

The  government expenditure multiplier has the magnitude that is known to be smaller than the magnitude of the tax multiplier. It tells us how much the output of the nation rises given that there is a change in spending.

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When a country's economy is producing at a level that exceeds its potential gdp, the standardized (or full) employment deficit will show a ________ when compared with the actual deficit.

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When a country's economy is producing at a level that exceeds its potential GDP, the standardized or full employment deficit will show a smaller deficit when compared with the actual deficit.

When the economy is performing extremely well, the standardized or full employment deficit is smaller than the actual budget deficit because the economy is producing about potential GDP, so the automatic stabilizers are increasing taxes and reducing the need for government spending.

A deficit can usually occur when a company, government, or person spends more than it receives in a given period, usually a year or more than that.

Hence, the standardized or full employment deficit will show a smaller deficit.

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A firm that is threatened by the potential entry of competitors into a market builds excess production capacity. this is an example of__________?

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A firm that is threatened by the potential entry of competitors into a market builds excess production capacity. this is an example of a credible threat.

A credible threat is one in which there is a real possibility that the member may soon do serious physical harm to other people (including death), and that possibility cannot be completely eliminated by changing any existing rules, norms, or practices.

A system holding State data or a product delivered by the Consultant that has an exploit that a person with knowledge of information technology security believes may be used to compromise one or more parts of the system constitutes a credible danger.

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The consumption function shows the relationship between consumption spending and.

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Consumption function, in economics, the relationship between consumer spending and the various factors determining it. At the household or family level, these factors may include income, wealth, expectations about the level and riskiness of future income or wealth, interest rates, age, education, and family size.

Consumption Function:

The Consumption Function describes the functional relationship between Consumption and Income.

C=f(Y)

Here, C is the dependent variable and Y is the independent variable. It is mainly used to describe the relation between Total Consumption and National Income on the aggregate level.

Aggregate consumption function :

The aggregate Consumption Function shows the relationship between total disposable income and total consumer spending in the entire economy.

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Jim is a manager in a retail business. to be an effective manager and active leader, jim should try to have how many people as direct reports?

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Jim is a manager in a retail business. to be an effective manager and active leader, Jim should try to have seven people as direct reports.

Employees who report directly to someone who is above them in the organisational structure, frequently a manager, are referred to as direct reports.

The ideal number of direct reports for each senior leader or director is seven to eight. A direct report is a worker who, in the hierarchical organisational structure of a company, is subordinate to a management or other person above them. The direct reportee is the individual who receives their reports.

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The government can use _____________ in the form of ____________________ to increase the level of aggregate demand in the economy.

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The government can use an expansionary fiscal policy  in the form of an increase in government spending to increase the level of aggregate demand in the economy.

How does Government Spending Affect the Economy ?

There is a high possibility that the rise in taxes will negate the impact of rising government spending which would leave Aggregate Demand (AD) unchanged. However, it is possible that increased spending and rise in tax could lead to an increase in GDP.

In a recession, consumers may reduce spending leading to an increase in private sector saving. Therefore a rise in taxes may not reduce spending as much as usual.

The increased government spending may create a multiplier effect. If the government spending causes the unemployed to gain jobs then they will have more income to spend leading to a further increase in aggregate demand. In these situations of spare capacity in the economy, the government spending may cause a bigger final increase in GDP than the initial injection.

However, if the economy is at full capacity, the increase in government spending would tend to crowd out the private sector leading to no net increase in Aggregate demand from switching from private sector spending to government sector spending.

Which type of policy does the governments adopt to increase the aggregate demand in the economy?

Expansionary fiscal policy increases the level of aggregate demand, either through increases in government spending or through reductions in taxes. Expansionary fiscal policy is most appropriate when an economy is in recession and producing below its potential GDP.

Therefore, we can conclude that the correct option is C.

Your question is incomplete, but most probably your full question was:

The government can use _____________ in the form of ____________________ to increase the level of aggregate demand in the economy.

A. a contractionary fiscal policy; a reduction in taxes

B. an expansionary fiscal policy; an increase in corporate taxes

C. an expansionary fiscal policy; an increase in government spending

D. a contractionary fiscal policy; an increase in taxes

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The u. s. federal agency responsible for governing securities exchanges, protecting investors, and establishing regulations that govern the disclosure of information to investors is the?

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The Securities and Exchange Commission (SEC) is a U.S. government oversight agency responsible for regulating the securities markets and protecting investors.

The SEC protects buyers by enforcing our state's securities laws, taking movement against wrongdoers, and overseeing our securities markets and companies to make certain that investors are dealt with fairly and in reality.

The Securities and exchange commission (SEC) is the U.S. government organization in fee of the state's securities enterprise. It monitors transactions, as well as the sports of monetary specialists.

The SEC is an impartial federal business enterprise, installed pursuant to the Securities change Act of 1934, headed via a five-member commission. The Commissioners are appointed by the President and showed by way of the Senate.

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Certificates of deposit are insured for up to ________ in the event of bank insolvency.

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Certificates of deposit are insured for up to $250,000 per person, per bank in the event of bank insolvency.

A certificate of deposit is a time deposit. It is a savings account that holds a fixed amount of money for a fixed period of time. Currently, the Federal Deposit Insurance Corp (FDIC)guarantees deposits of up to $250,000 per person, per bank.

Certificates of deposit offers safer but lower rates of return as compared to stocks or bonds. Thus, they are mostly issued by banks and credit unions in exchange of an interest income.

Hence, certificate of deposit still remain a highly sought after investment.

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When does issue identification become the first step in the ethical decision-making process?

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Determine the facts, does issue identification become the first step in the ethical decision-making process.

The Twelve Questions Model was developed by ethics scholar Laura Nash as a straightforward method for making ethical decisions. Nash, L. (1981). Without the sermon, ethics.

According to her approach, you should ask yourself certain questions to ascertain whether the choice you are about to make is morally sound.

In order to examine ethical decisions from all perspectives, this paradigm invites people to rethink their understanding of how to make moral decisions. She poses the following queries as part of her model: Nash, L. (1981).

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A consumer purchases downloadable music from an e-commerce web site and the credit card is credited immediately. what is the name of this process?

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Real time Processing is the process where data is processed nearly immediately. There's no pause or waiting in this form.

What is real-time processing?

Real time processing needs a continual input, constant processing, and stable output of data. A great sample of real-time processing is data streaming, radar systems, customer service techniques, and bank ATMs, where direct processing is crucial to make the method work properly.

These systems process data as soon as they acquire input and give the processed data as output. Because of this character, real-time processing usually demands a continuous flow of data.

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If there is a demand for more shares than are available at the offering price, the offering is said to be?

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If there is a demand for more shares than are available at the offering price, the offering price is said to be overpriced.

This all happens due to the law of demand and supply.

The law of supply and demand is a theory that seeks to explain the relationship between the availability as well as the  desire for a product, such as a security, and its relative price.

Typically, when the availability of shares in the market is low and the demand is high, it  boosts the price of the shares in the market..

Alternatively when there is high availability of the shares  and the demand for shares is very low then it leads to the reduction in its price.

The law affects the stock market by determining the prices of the individual stocks which make up the market.

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It is critical for body cells to maintain fluid and electrolyte balance. The body achieves this balance by?

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It is critical for body cells to maintain fluid and electrolyte balance. The body achieves this balance by ​attracting water into the cell through increased electrolyte concentrations.

The current density necessary to achieve passivity in a specific metal electrolyte system depends on the electrolyte concentration. When iron and sulfuric acid are combined, the current density necessary for passivity falls as the sulfuric acid concentration rises.

When dissolved in water, chemicals known as electrolytes acquire a natural positive or negative electrical charge. Since the average adult's body includes 60% water, electrolytes are present in almost all of the body's fluids and cells. They support a variety of bodily functions, including maintaining the harmony of fluids within and outside of your cells and regulating chemical processes.

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In many professional sports leagues, one team is not allowed simply to purchase a player from another team, so they have to trade which requires?

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In many professional sports leagues, one team is not allowed simply to purchase a player from another team, so they have to trade which requires a double coincidence of wants. The coincidence of wants, also known as the double coincidence of wants.

It is a phenomenon in which two parties, each of whom is in possession of an object that the other desires, directly swap these items without the need of money. This has frequently been cited in economics as the basis of a trade in economy. However, professional research has not proven that this barter model actually operates in the real world.

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Grey wolf has current assets of 2230 net fixed assets of 9900 current liabilities of 1380 and long term debt of 40. What is the value of the shareholder equity account for this firm?

Answers

The value of shareholders' equity is $5,690.

Total assets = Current assets + Net fixed assets

Total assets = $2,090 + $9,830

Total assets = $11,920

The value of shareholders' equity is $5,690.

Total liabilities = Current liabilities + Long-term debt

Total liabilities = $1,710 + $4,520

Total liabilities = $6,230

Value of shareholders' equity = Total assets - Total liabilities

Value of shareholders' equity = $11,920 - $6,230

Value of shareholders' equity = $5,690.

Equity held by shareholders refers to the sum that a company's founders have contributed to the enterprise. This covers the funds they have directly invested as well as the total amount of profits the business has generated and reinvested since its establishment. The equity of the shareholders is calculated using this formula as the difference between total assets and total liabilities.

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Which technique is not usually employed in analyzing oligosaccharides and polysaccharides?

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The SDS-PAGE technique is not usually employed in analyzing oligosaccharides and polysaccharides. While polysaccharides often contain several monosaccharides linked together by the glycosidic bonds, oligosaccharides normally contain only a few sugars, usually 3 to 15, bound together by glycosidic linkages. The  Water is a byproduct of the dehydration event that creates glycosidic linkages.

The Monosaccharides, which are little sugar molecules, are the building blocks for both oligosaccharides and polysaccharides. The fundamental distinction between oligosaccharides and polysaccharides is the number of monosaccharides that go into making an oligosaccharide, as opposed to the number of monosaccharides that go into making a polysaccharide.

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Nate is a supply-side economist. as such, nate predicts that the deregulation of industries would result in __________

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Nate is a supply-side economist. as such, nate predicts that the deregulation of industries would result in decreased work effort by high income workers. A macroeconomic theory called supply-side economics holds that reducing taxes, reducing regulations, and promoting free trade are the best ways to promote economic growth.

Increasing supplies of products and services at reduced prices will benefit customers, and employment will rise, according to supply-side economist. expanding the number of free trade agreements to support commercial endeavors. lowering tax rates on major industries and people with a net worth of at least $10,000,000 by 15%. giving private enterprises access to public land.

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One of the disadvatages of using historical returns to estimates the market risk premium is that the past may not be good guide to?

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One of the disadvantages of using historical returns to estimate the market risk premium is that the past may not be a good guide to when economic conditions change quickly

the question is incomplete .please read below to find the missing content

One of the disadvantages of using historical returns to estimate the market risk premium is that the past may not be a good guide to the future:

ever

when the economic conditions are relatively stable

when economic conditions change quickly

Economics studies scarcity and its effects on the use of resources, the production of goods and services, the growth of output and wealth over time, and many other complex issues important to society.

Results Example: As the corn yield increases, farmers reduce the price of their crops so that they can sell their produce. If the supply is too much than the demand, that is, too much corn is needed to feed the people of the country, the produce is forced to waste and the farmers lose their production costs.

The economy plays a role in our daily lives. The study of economics allows us to understand past, future, and present models and apply them to societies, governments, businesses, and individuals.

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What are two lessons financial managers should be aware of in regard to financial leverage?

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Debt is not cheap financing and many financing schemes hold hidden debt costs are two lessons financial managers should be aware of in regard to financial leverage.

What Is Financial Leverage?

Financial leverage results from using borrowed capital as a funding source when investing to expand the firm's asset base and generate returns on risk capital. Leverage is an investment strategy of using borrowed money—specifically, the use of various financial instruments or borrowed capital—to increase the potential return of an investment.

Concept of Leverage:

Leverage is the use of debt (borrowed capital) in order to undertake an investment or project. The result is to multiply the potential returns from a project. At the same time, leverage will also multiply the potential downside risk in case the investment does not pan out. When one refers to a company, property, or investment as "highly leveraged," it means that item has more debt than equity.

The concept of leverage is used by both investors and companies. Investors use leverage to significantly increase the returns that can be provided on an investment. They lever their investments by using various instruments, including options, futures, and margin accounts. Companies can use leverage to finance their assets. In other words, instead of issuing stock to raise capital, companies can use debt financing to invest in business operations in an attempt to increase shareholder value.

Investors who are not comfortable using leverage directly have a variety of ways to access leverage indirectly. They can invest in companies that use leverage in the normal course of their business to finance or expand operations—without increasing their outlay.

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What kind of knowledege must central planners possess to manage an economy efficiently?

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According to Friedrich Hayek’s knowledge argument, central planners will need the knowledge relevant to making distributional decisions to manage an economy efficiently.

What are the main characteristics of a centrally planned economy?

The ownership, sovereign decision-making, pricing, distribution, production, economic decision-making, incentives, and political control characteristics of centrally planned economies are as follows: Ownership: Centrally planned economies lack private ownership.

How do centrally planned economies prioritize economic goals?

Priorities for the production of all commodities and services are determined by the central plan. This covers pricing caps and quotas. The objective is to provide everyone in the nation with enough food, housing, and other necessities. National priorities on matters like mobilizing for war are likewise established by the central plan.

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Suppose the real gdp growth rate is 3.5 percent and the growth rate of the population is 1.4 percent. the real gdp growth per capita must be equal to:_____.

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The real GDP growth per capita must be equal to 2.1% between 3.5%-1.4%.

GDP increase charge in the u.s.a. averaged three.17 percent from 1947 until 2022, attaining an all-time high of 33.8 percent inside the third region of 2020 and a record low of -31.20 percent within the second quarter of 2020.

The GDP increase charge measures how fast the economic system is growing. It does this by means of comparing u. s .'s gross home product in a single region with that in the previous one, and with the identical quarter of the previous year. The GDP growth price is pushed by means of GDP's 4 components.

GDP measures the monetary value of final items and offerings—that is, the ones that can be sold by the very last user—produced in a country in a given period of time (say a quarter or a year). It counts all of the output generated within the borders of a rustic.

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What are porter's four competitive strategies?
a) vertical integration
b) related diversification
c) focused-differentiation
d) cost-leadership
e) cost-focus differentiation

Answers

Porter's four competitive strategies are:-

c) focused-differentiation

d) cost-leadership

e) cost-focus differentiation

A strategy is an action a manager takes to achieve one or more organizational goals. Strategy can also be defined as “the general direction along which an organization and its various components will achieve a desired future state”. Strategy is born out of a detailed strategic planning process.

A plan of action resulting from a strategy or aimed at achieving a specific goal. A strategy is defined as an action plan. An example of strategy is a football team that wins using a particular game played by a coach. A carefully crafted plan of action.

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______ is credited with identifying the aesthetic and efferent stances toward reading.

Answers

Answer: Rosenblatt

Explanation:

Milton friedman argued that consumers are more likely to alter their behavior based on.

Answers

Milton Friedman argued that consumers are more likely to alter their behavior based on changes in the long-term changes in the economy.

About Milton Friedman :

Milton Friedman gave a economic theory called monetarism, that refer to the control of money in the economy. Friedman gave an idea that changes in the money supply have long-term and short term effects.

Friedman argued that consumer behavior is influenced by the long-term changes in the economy. Long term changes in economy influence consumer behavior in spending money for their goods. for example: If  Long term changes in economy are positive then the consumption by consumers increases otherwise it will decrease.

Hence, the correct answer is "long-term changes in the economy."

The missing part of question is :

changes in the unemployment rate.

short-term changes in the economy.

long-term changes in the economy.

changes in the inflation rate.

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The company you are investigating recognized unearned revenue as earned revenue. This is an example of which type of fraud?

Answers

The company you are investigating recognized unearned revenue as earned revenue. This is an example of liability understatement fraud.

Core paper. Unearned revenue is money received by an individual or business for services or products that have not yet been provided or provided. This is recorded as a liability on the company's balance sheet as it is a liability to the customer.

Unearned income. Refers to cash received prior to the delivery of goods or services. Unearned income is a liability. Unearned revenue becomes earned revenue when the product or service is provided.

Since deferred income is a current liability, changes in deferred income from the previous year affect the operating value shown in the company's financial statements.

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