The impact of the access to shut the drawing account causes a credit to the drawing account.
A journal entry ultimate the drawing account of a sole proprietorship consists of a debit to the owner's capital account and a credit score to the drawing account.
To shut the drawing account to the capital account, we credit score the drawing account and debit the capital account. observe that drawings decrease capital.
The ultimate entries serve to switch the balances out of certain transient bills and into permanent ones. This resets the stability of the temporary debts to 0, ready to start the subsequent accounting duration. The procedure transfers those temporary account balances to everlasting entries on the employer's stability sheet.
If your enterprise is a sole proprietorship or partnership, close the drawing bills (if any) by using getting ready magazine access that credit the drawing account and debits the owner's equity account.
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A firm expects to sell 25,500 units of its product at $11. 50 per unit and to incur variable costs per unit of $6. 50. total fixed costs are $75,000. the total contribution margin is:_____.
A firm expects to sell 25,500 units of its product at $11. 50 per unit and to incur variable costs per unit of $6. 50. total fixed costs are $75,000. the total contribution margin is $127500.
The contribution margin is computed as the promoting rate per unit, minus the variable fee in keeping with the unit. additionally referred to as greenback contribution in keeping with the unit, the measure shows how a specific product contributes to the general profit of the organization.
The closer a contribution margin percentage, or ratio, is to 100%, the better. The better the ratio, the more money is available to cowl the commercial enterprise's overhead expenses or fixed prices. However, it is more likely that the contribution margin ratio is well below one hundred%, and possibly beneath 50%.
Contribution margin, or greenback contribution per unit, is the selling rate per unit minus the variable price in step with the unit. "Contribution" represents the part of sales revenue that is not consumed through variable expenses and so contributes to the coverage of constant fees.
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Many managers believe that being empowered to create their own self- budgets is the most effective method of budget preparation. True or false?.
The above Statement is TRUE.
A self-imposed budget or participative budget is a budget that Many managers believe that being empowered to create their own self-imposed budgets is the most effective method of budget preparation.
What is Self-imposed budgets?Self-imposed budgets can also be called participatory budgets. These types of budgets assume that there was cooperation and participation from managers at all levels of the organization.
Self-imposed budgets give managers at all levels of an organization an opportunity to provide input into the budgeting process. Self-imposed budgets are prepared without consulting lower-level managers.
The advantages of a self-imposed or participatory budget can include:
The creation of a team environment where everyone knows their views and judgements are valued by company management.When a front-line manager assists in the preparation of their own budget, they have working knowledge and are able to more accurately estimate expenses for their area.When you, as a manager, get to prepare your own budget, you are more motivated to set goals that are attainable, yet challenging. There is a higher level of commitment when participation is involved.If you as a manager try to attain a goal set by someone else, especially if that someone does not know the intricate workings of your department, it can be easy to just say that the goals were unattainable.Learn more about Self-imposed budgets on:
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Under the perpetual inventory system, when a wholesaler returns goods purchased on account, the ________ account is credited
Under the perpetual inventory system, when a wholesaler returns goods purchased on account, the Merchandise Inventory account is credited.
Merchandise inventory incorporates the goods that outlets and resellers have purchased with the rationale to promote to clients. products stock is categorized as a current asset on the organization's balance sheet. For some stores, it is their biggest asset.
Let's consider a fixtures shop buys desks with the intention to be bought immediately to the give up a customer. The store additionally buys computers for personnel to apply frequently. here, the desks may be categorized as products stock, but no longer the computers.
Inside accounting, products are taken into consideration as present-day assets because it's commonly anticipated to be liquidated (sold, become cash) within a yr. while bought, merchandise should be debited to the inventory account and credited to cash or accounts payable, depending on how the products were paid for.
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Typically, the ________ style of leader avoids dominating groups. autocratic laissez-faire authoritarian democratic
Typically, the laissez-faire style of a leader avoids dominating groups.
In French, "laissez-faire" literally means "let someone do what they want". The origins of laissez-faire are associated with his group of 18th-century French economists, the Physiocrats, who believed that government policy should not interfere with the running of the natural economy.
An example of laissez-faire is the economic policies of capitalist countries. An example of laissez-faire is when homeowners can grow whatever they want in their front yard without asking for a city permit. Do not interfere in the affairs of others.
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When the marginal cost of producing an output exceeds its average variable cost but is less than its average total cost, _______
When the marginal cost of producing an output exceeds its common variable cost but is much less than its average general cost, the common variable cost is growing even as the common general price is lowered.
Every time the marginal cost exceeds the average cost, the average cost will upward push with every other unit of output. Each time the marginal cost is less than the common cost, the common value will fall with another unit of output.
On every occasion, the marginal cost is more than the common general cost, and the average total cost is growing. The marginal value curve crosses the average overall price curve at it is minimum. 1. Marginal cost finally rises with the quantity of output.
Whilst marginal product is falling, the common product is falling. whilst marginal product exceeds average product, average product is rising.
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The most common approaches to capability building include all of the following, EXCEPT A. developing capabilities internally. B. acquiring capabilities through mergers and acquisitions. C. accessing capabilities via collaborative partnerships. D. renewing capabilities to align with customer expectations. E. divesting underperforming units.
The most common approaches to capability building include E. divesting underperforming units.
A divestment strategy is a way to go while a particular commercial enterprise line would not carry out to expectations and turns into a liability as opposed to an asset. groups can also turn to a divestiture approach to prevent insolvency, lessen money owed and preserve a low debt-to-fairness ratio.
The divestment includes an agency selling off a portion of its belongings, regularly to improve organization costs and attain better performance. Many corporations will use divestment to promote peripheral assets that enable their control groups to regain sharper recognition in the middle commercial enterprise.
Divesting is the act of a business enterprise promoting an asset. while divesting can also discuss with the sale of any asset, Its mile maximum is typically used inside the context of selling a non-core business unit. Divesting can be visible as the direct contrary of an acquisition.
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The firm will produce output in the short run only if the market price is at least equal to__________.
The firm will produce output in the short run only if the market price is at least equal to the average cost.
In both the short run and the long run, rate equals marginal revenue. The firm must increase output so long as marginal sales exceed marginal fee, and reduce output if marginal sales is much less than marginal fee. earnings are maximized while marginal sales equal marginal fee.
Short-run price is determined by means of short-run equilibrium among call for and supply. deliver curve in the brief run under perfect opposition is a lateral summation of the quick-run marginal value curves of the company.
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Investor perception on the risk of bonds will raise their desired return.
a. true
b. false
The statement, investor perception on the risk of bonds will raise their desired return is true.
The higher an investment's risk, the greater its potential returns should be. By contrast, a very safe and low-risk investment should generally offer low returns. So, this investor perception will raise the desired return of the risk of bonds.
Generally, the higher the potential return of an investment, the higher the risk. Thus, there is no guarantee that you will actually get a higher return by accepting more risk. In this matter diversification is useful.
Hence, you can minimize the risk by making sure the company's bond you own is not a high risk company with a high probability of paying back.
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The curve that shows quantities of total real output that will be offered for sale at various price levels is called the __________ curve
The curve that shows quantities of total real output that will be offered for sale at various price levels is called the aggregate supply curve.
The aggregate supply is also known as total real output, it is the total supply of goods and services produced within an economy at a given overall price in a given period.
The decrease in aggregate supply is caused by the increase in input prices. Thus, this is represented by a shift to the left of the short‐run aggregate supply curve because this curve is drawn under the assumption that input prices remain constant.
Hence, the aggregate supply curve shows the total quantity of output real GDP which the firms will produce and sell at each price level.
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In 2017, almost ________ of americans only used a mobile device to access the internet.
When the sale of a firm's total output of a product in a purely competitive product market has no effect on the market price, this makes the firm a
When the sale of a firm's total output of a product in a purely competitive product market has no effect on the market price, this makes the firm a price taker.
An individual or business that must accept market prices because it lacks the market share to do so on its own is known as a price-taker.
The majority of manufacturers are also price takers because of market rivalry.
Price-setting only occurs in monopolistic or monopsonistic environments.
Prices for financial products like stocks are established by market makers. Market participants, however, are also competing with one another for trade.
Hence, When the sale of a firm's total output of a product in a purely competitive product market has no effect on the market price, this makes the firm a price taker.
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Suppose a friend has asked you to help him to make a choice as to what kind of computer he should buy for his personal use at home. What would you look for in comparing various makes and models
Screen size. 15.6 is standard, but 12 to 14 inches can be more portable.
Display type. Pick IPS for great viewing angles.
RAM & ROM. 4GB RAM or more for multitasking with at least 512GB storage.
Battery. Around 8 hours of battery life support
Select the correct answer from the drop-down menu. which law ensures that employers pay a minimum wage to their employees? the ensures that employers pay a minimum wage to their employees.
The Federal law ensures that employers pay a minimum wage to their employees.
What is the meaning of a federal law?
Federal laws are bills that have passed both houses of Congress, been signed by the president, passed over the president's veto, or allowed to become law without the president's signature.Individual laws, also called acts, are arranged by subjects in the United States Code.What is an example of a federal law?
Federal anti-discrimination and civil rights laws that protect against racial, age, gender and disability discrimination. Patent and copy right laws.Federal criminal laws such as laws against tax fraud and the counterfeiting of money.Learn more about federal law here:
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Joyce would like to start working on a flexible schedule. which is an option would joyce not discuss with her employer?
If Joyce would like to start working on a flexible schedule. The option that joyce would not discuss with her employer is: sabbatical.
What is flexible schedule?Flexible schedule can be defined as the way in a worker or an employee work using a work schedule that is convenience for them.
Most employer of labor enables a worker to make use of flexible schedule as this can sometimes help to increase a work performance or productivity at work place.
Hence, the option that joyce would not discuss with her employer is: sabbatical which inturn means that she cannot discuss leave or sabbatical leave with her employer based on the fact that her work is flexible.
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Answer:
If Joyce would like to start working on a flexible schedule. The option that Joyce would not discuss with her employer is: sabbatical.
Explanation:
A model of sea ice coverage is made with sketches and diagrams. it shows that ice cover increased in the antarctic and decreased in the arctic from june to july. what type of model is this? a conceptual model a mathematical model a physical model a theoretical model
Given that it discloses information about a setting that is typical for the individual, the aforementioned query serves as an illustration of a conceptual model.
What is a conceptual model?A conceptual model is the model of an application that the designers want users to understand. By using the software and perhaps reading its documentation, users build a model in their minds of how it works. It is best if the model that users build in their minds is like the one the designers intended.
The most natural and closest to the actuality of the client environment is conceptual modeling. The client should be involved in the conceptual model in order to collect the data necessary for building the entire model.
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Eileen is a risk neutral consultant, doing work for acme, inc. The company offers her a choice of two compensation plans. Under plan a she receives $25,000 today. Under plan b she receives $10,000 today, $10,000 one year from today, and 10,000 two years from today. She will be indifferent between these plans if her rate of time discount equals ________ percent. If her rate of time discount is less than this amount she will opt for plan ______.
She will be indifferent between these plans if her rate of time discount is equals 21 percent. If her rate of time discount is less than this amount she will opt for a plan B.
What is discount rate?The bank rate, sometimes known as the discount rate in American English, is the interest rate charged by a central bank on its loans and advances to commercial banks.
In a discounted cash flow (DCF) analysis, the discount rate is the interest rate used to calculate the present value of future cash flows. This helps establish whether the future cash flows from a project or investment will be worth more than the initial capital outlay required to support the project or investment.
The discount rate is an essential measure of an economy's credit situation.
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If the price level rose in three consecutive years from 100 to 120 to 140, then the inflation rate over those years would?
If the price level rose in three consecutive years from 100 to 120 to 140, then the inflation rate over those years would Decrease.
Annual inflation rate is
x=[(120-100)/100] × 100
x= 20%
In the year 3, price level was 140, hence, the inflation rate
y= [(140-120)/120] × 100
y= 16.67%.
Since, we see a continuous fall in percentage the annual inflation rate over those years would decrease.
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If a listing broker or designated listing agent receives an offer on a property they may not lawfully disclose the offeror's membership in a protected class to the seller without the express written consent of the offeror. is this statement true or false?
It is True that listing broker or designated listing agent receives an offer on a property they may not lawfully disclose the offeror's membership in a protected class to the seller without the express written consent of the offeror
Who is a Listing Broker?A listing broker helps property owners with the listing, marketing, and sale of their property. Listing brokers can work with commercial property owners as well as residential property owners, such as primary residences or vacation homes. Listing agents assist sellers with a range of responsibilities, including:
Putting the house on the marketHiring a photographer to shoot the houseChoosing a reasonable selling price for the propertyTo learn more about Listing Broker from the given link
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What is the purpose of unconscious bias training? include an example of how unconscious bias training can affect who gets to attend training or is asked to participate in development activities
Training on unconscious prejudice has become a well-liked method of diversity education. Such training is intended to help people recognize their unconscious prejudices, provide them tools to change automatic thought processes, and ultimately aid in the eradication of discriminatory practices in the workplace.
Demonstrations of how the mind functions in ways that are outside of our awareness and control are frequently the first step in unconscious bias training.
These examples demonstrate how people unintentionally form judgments based on factors like gender or ethnicity. Unconscious bias training is one of the diversity training techniques that has more and more support.
Attending such training may help people learn more about themselves that they might not have otherwise known. They might therefore be more aware of how their biases affect how they interact with others.
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La diversified inc. Recently paid its annual dividend of $3. Dividends have consistently grown at a rate of 3. 8%. The stock has a beta of 1. 29. The current risk-free rate is 2% and the market return is 10%. Assuming that capm holds, what is the intrinsic value of this stock?.
$51.22 is intrinsic value of this stock.
Intrinsic value of this stockFor computing the intrinsic value, first we have to determine the current year dividend and expected rate of return which is shown below:
The computation of the next year dividend is shown below:
= $3 + $3 × 3.8%
= $3 + 0.114
= $3.114
And, the expected rate of return would be
= Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
= 2.4% + 0.88 × (10.9% - 2.4%)
= 2.4% + 0.88 × 8.5%
= 2.4% + 7.48%
= 9.88%
Now the intrinsic value would be
= Next year dividend ÷ (Required rate of return - growth rate)
= $3.114 ÷ (9.88% - 3.8%)
= $3.114 ÷ 6.08%
= $51.22
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If disposable income increases from $250 to $300 and saving increases from $40 to $50, how much is the average propensity to save? 0.133 0.16 0.167 0.2
The disposable income increases from $250 to $300 and saving increases from $40 to $50, 0.167 is the average propensity to save.
Because the marginal propensity to consume refers to the percentage change in consumption for every one rupee of change in the income. The only two leakages are saving and taxation and the two injections are investment and government spending.
Consumption is the act of using resources to satisfy current needs and wants.
Taxation is used primarily to raise revenue for government expenditures, though it can serve other purposes as well.
spending is the total money spent on final goods and services by individuals and households for personal use and enjoyment in an economy.
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Current u. s. national security strategy reflects that multinational cooperation and coordination?
Current U.S. National Security Strategy reflects that multinational cooperation and coordination enable the sum of our actions to be greater than if we act alone.
Elements of the Strategy-
Shaping the International Environment. Responding to Threats and Crises.Preparing for an Uncertain Future.The strategy of cooperation and coordination helps in building a quicker and clear response to the posed problems, resulting in a higher impact demographically and further reach in case of emergencies.
The complete question is:
Current U.S. National Security Strategy reflects that multinational cooperation and coordination ____________.
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Which of these is an example of a natural monopoly? electricity service grocery delivery retail store security driveway concrete repair
An example of a natural monopoly found across the globe is power delivery.
Is electricity a natural monopoly?
Electricity service grocery delivery retail store security driveway concrete repair Natural Monopolies. A natural monopoly exists when average costs continuously fall as the firm gets larger. An electric company is a classic example of a natural monopoly.What are some examples of monopolies?
Natural gas, electricity companies, and other utility companies are examples of natural monopolies.
They exist as monopolies because the cost to enter the industry is high and new entrants are unable to provide the same services at lower prices and in quantities comparable to the existing firm.
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So it's electric service ??
When deciding whether to hire an additional worker, firms look at how the additional worker would affect?
Answer:
well discipline
Explanation:
well disciplined servant respect those who were there before he or she came
_______ consumers in the united states have increasing influences on mainstream u. S. Culture, and the buying power of this group is projected to reach $1. 3 trillion in 2015.
Hispanic consumers in the U.s. have an increasing influence on mainstream U. S. Culture.
What is Hispanic consumers?
Hispanic consumers are more probable to engage in unique shopping activities, such as shopping online for the first time or buying from new retailers. Categories such as pet care, home furnishings and décor, and clothing and accessories have driven Hispanics online for the foremost time to shop for these items
How do Hispanic consumers target?Bring Hispanic civilization into your marketing efforts.
For example, you can use one banner of Hispanic countries, incorporate cultural music and add in imagery from Spanish-speaking countries. The more you can do to tie your label to the beautiful Hispanic culture, the more prosperous your marketing can be
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If your company’s product is mobile phones, do you think it would make better strategic sense to employ a multidomestic strategy, a transnational strategy, or a global strategy?
A global strategy would be appropriate since most mobile phones are constructed to work globally and buyer needs across the world are relatively universal.
Companies adopting cross-border strategies are seeking a middle ground between multilateral and global strategies. Such companies try to balance the desire for efficiency with the need to adapt to local tastes in different countries.
Unlike the Strategy, the Global Strategy is centralized and managed from headquarters, seeking to maximize global efficiency. With this strategy, the products are much more standardized than tailored to the local market.
Four major global strategies form the basis of the organizational structure of a global company. These are domestic exporters, multinationals, franchisors, and multinational corporations. Each of these strategies is pursued with a specific operational organizational structure
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Which company appears to have the strongest financial position? explain your reasoning. (round the percentage to the nearest hundredth percent, x.xx%.)
Company DJ Video Rentals appears to have the strongest financial position because its Liabilities make up the smallest of company assets. (round the percentage to the nearest hundredth percent, 14.30%.).
The documented assets, liabilities, and equity balances of a company are represented by its financial position. One of the financial statements that contains this information is the balance sheet. The balance sheet of an organization shows its financial position as of the date indicated in the report's headline. In a broader sense, the idea may be used to describe how a company's financial health is determined by comparing and analyzing the data in its financial statements.
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A monopolist, unlike a competitive firm, has some market power. It can raise its price, within limits, without the quantity demanded falling to zero. The main way it retains its market power is through barriers to entry—that is, other companies cannot enter the market to create competition in that particular industry. True or false?.
True,A monopolist, unlike a competitive firm, has some market power. It can raise its price, within limits, without the quantity demanded falling to zero. The main way it retains its market power is through barriers to entry—that is, other companies cannot enter the market to create competition in that particular industry.
What is a monopolist?A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a situation in which a specific individual or organization is the exclusive supply of a specific thing.
To protect consumers' interests, the government may desire to regulate monopolies. Monopolies, for example, have the market power to establish prices that are greater than in competitive marketplaces. Price capping - limiting price rises - is one way the government can regulate monopolies.
The loss in Static Efficiency is the cost of a monopoly. In comparison to a competitive market, a monopoly generates a Deadweight Loss, which is the value of trades that are not executed. As shown below, the reduction in consumer excess exceeds the gain in producer surplus.
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Ach time a function is invoked, the system stores parameters and local variables in an area of memory, known as _______, which stores elements in last-in first-out fashion.
Each time a function is invoked, the system stores parameters and local variables in an area of memory, known as a stack, which stores elements in last-in first-out fashion.
What is a Stack?A stack is an abstract data type used in computer science that acts as a collection of elements. It has two basic operations: Push, which adds an element to the collection, and Pop, which removes the most recent element added but not yet deleted.
What's a stack in programming?"Stacks" are collections of software, including the operating system, web servers, APIs, and programming frameworks, that make up the back end of your website. Each component adds a layer of compatibility, and when they are packaged together, they are simpler to download and deploy all at once.
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Other thigns being equal an increase in wages parid ot wokrers in frims making digital devices will cause?
Other things being equal an increase in wages paid to workers in firms making digital devices will cause a wage pull inflation.
Wage push inflation is a system in which there is an overall rise in the cost of goods and services that happens due to rise in wages.
To maintain the level of corporate profits after an increase in wages, employers must also increase the prices which are charged by them for the goods and services they provide.
The overall increase in the cost of goods and services have a circular effect on the wage increase; therefore , as goods and services in the market increase at overall level , higher wages will be needed to be paid for the increased prices of consumer goods.
Companies always increase wages for a number of reasons. The most common reason for making the wages rise is an increase in the minimum wage. The state and federal governments have the power to increase the minimum wage.
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