It is true that the process of evaluating and planning for long-term investments is called capital budgeting.
What is capital budgeting?This is when an organization plans to start a major investment project, hence a process of making capital expenditure decisions.
It is a planning process employed by a firm's management to evaluate if embarking on long-term investments are viable and profitable.
Long term investments in capital budgeting are:
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The Retained earnings account has a credit balance of $50,000 before closing entries are made. Services revenue for the period is $68,200, wages expense is $46,300, and dividends are $14,200. What is the correct closing entry for the expense accounts
The correct closing entry for the expense accounts will be Debit Revenue accounts $68,200; credit Income Summary $68,200.
At the conclusion of an accounting period, a closure entry is performed to move balances from a temporary account to a permanent account.
Companies use closure entries to reset temporary accounts, which show balances for a particular accounting period, to zero. In doing so, the company transforms these balances into accounts that will always be present on the balance sheet. These continuous accounts show a business's past financial data.
An illustration of a closing entry is when you add up all the revenue and expense account totals at the end of an accounting period to an income summary account, which effectively makes the account balance in the income summary account the net profit or loss for the period. Then, you shift the balance to the retained earnings account from the income summary account.
The net income or loss for the period is accumulated in the retained earnings account, and the temporary account balances are reset to zero so they can be used once more to store period-specific amounts in the following accounting period.
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What is 's balance of accounts receivable at , ? start by selecting the labels and then enter the amounts to calculate the balance in accounts receivable at ,
Start by selecting the labels and then enter the amounts to calculate the balance in accounts receivable at 30,000.00.
Date ACCOUNT TITLES AND EXPLANATIONS DEBIT ($) CREDIT ($)
29-Feb-16 Bad Debts Expense 2,400.00
Accounts Receivable 2,400.00
(Write off an uncollectible account)
Requirement 2
Accounts Receivable
$ $
Balance b/d 14,000.00 17,000.00 Collected
Revenue 16,000.00 2,400.00 Wrote off
10,600.00 Balance c/d
30,000.00 30,000.00.
Accounts receivable is the amount a customer owes your business for the products or services they bill you for. The total value of all accounts receivable is recorded as a current asset on the balance sheet and includes invoices for items or work performed on credit to customers.
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Question 9(Multiple Choice Worth 4 points)
(01.08 LC)
Which of the following describes a share of ownership in a corporation that represents a claim on a portion of that
company's earnings?
O Bond
O Stock
Future
O Mutual fund
Answer:
B. Stock
Explanation:
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Answer:
B) Stock
Explanation:
What is a business portfolio? how does a company typically conduct a portfolio analysis?
A business portfolio refer to a company's asset list. It is a combination of various products, services and business units that make up a business.
Business portfolio involves proper planning for the betterment of a company. First, the company must analyze its current business portfolio and determine which businesses should receive more, less, or no investment.
In order to conduct a portfolio analysis there are few steps which a company needs to follow- analyze the current situation, establish investment objectives, determine asset allocation, select investment options, monitor, measure, and rebalance.
Hence, the analysis of the business portfolio is important as it helps a company to decide to whether its businesses should receive more or less investment.
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What roles do specialization and division of labor play in economists’ support of free trade?.
Through free trade, countries specialize in the goods for which they have a comparative advantage and trade for those in which they do not. Specialization allows a country to divide labor among the various production segments, which results in higher productivity and greater economic growth for the involved countries.
What Are the Economic Impacts of Specialization?
Specialization, along with the complementary concept of the division of labor, occurs when the innate inequalities of human productive output are intensified along different skills. An individual becomes economically specialized when he focuses his productive efforts on an increasingly narrow range of tasks. The most obvious economic impact of specialization can be seen in the tendency for individuals to choose different vocations that are more in line with their interests, skills, opportunities, and education.
Division of labor:
The division of labor is the separation of the tasks in any economic system or organisation so that participants may specialize (specialization). Individuals, organizations, and nations are endowed with or acquire specialized capabilities and either form combinations or trade to take advantage of the capabilities of others in addition to their own. Specialized capabilities may include equipment or natural resources as well as skills and training and combinations of such assets acting together are often important. For example, an individual may specialize by acquiring tools and the skills to use them effectively just as an organization may specialize by acquiring specialized equipment and hiring or training skilled operators. The division of labor is the motive for trade and the source of economic interdependence.
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Assume that there are no fixed costs and ac = mc = $200. at the profit-maximizing output and price for a monopolist, producer surplus is?
Assume that there are no fixed costs and ac = mc = $200. at the profit-maximizing output and price for a monopolist, the producer surplus is $3200.
The profit-maximizing quantity in a monopolist market is obtained by MR = MC condition.
MR and MC are intersected at point A. The price is obtained by the corresponding point of point A on the demand curve. This point is represented by point B.
The price represented by point B is 600 and the quantity is 8.
The producer surplus is calculated by the area below the price line and above the MC curve. The area is:
=(600 - 200)*(8-0)
=400*8
=3200
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What would be msot heloful to a pricution manger who wnate to determine the minimum time requred to complete a proposed pricut?
PERT would be most helpful to a production manger who wants to determine the minimum time required to complete a proposed production.
Program Evaluation Review Technique (PERT) is that project management planning tool which is used to calculate the amount of time it will take to realistically finish a project.
PERT charts are generally used to plan the tasks within a project.
It will make it easier to schedule and coordinate all the team members.
PERT was first introduced in the Navy. PERT is similar to the critical path technique. In that they both are used to visualize the timeline and the work that must be done for a project. However with PERT, three different time estimates for the project can be created.
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What provides an end-to-end view of how operations work together to create a product or service?
a. business intelligence
b. management
c. information systems
d. systems thinking
Business intelligence provides an end-to-end view of how operations work together to create a product or service. Business intelligence is the procedural and technological framework that collects, stores, and analyses the data produced by a company's operations. Descriptive analytics, performance benchmarking, process analysis, and data mining all fall under umbrella of business intelligence (BI).
Process analysis, descriptive analytics, and performance benchmarking. Business intelligence (BI) organizes all the data that a company generates into manageable reports, performance metrics, and trends. Spreadsheets, reporting/query software, data visualization software, data mining tools, and online analytical processing are different types of BI tools and service available.
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Write a query to provide a list of all managers and their respective employees. your report should show manager’s name, manager’s department name, employee number and employee name
SQL Query is select * from empl.
What is SQL?SQL is a computer language developed for managing data in a relational database management system or for stream processing in a relational data stream management system.
SQL tuning is the process of optimizing SQL queries to increase server performance. Its overarching goal is to reduce the time it takes a user to receive a result after issuing a query, as well as the amount of resources used to process a query.
SQL tuning is the process of optimizing SQL queries to increase server performance. Its overarching goal is to reduce the length of time it takes a user to receive a result after performing a query, as well as the number of resources consumed to process the query.
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The economic rule of thumb that only future costs and benefits, not past commitments, should be considered in making a decision is the:________
The monetary rule of thumb that most effective destiny expenses and benefits, no longer past commitments, should be taken into consideration in your decision is the: sunk cost principle.
Regulations of thumb no longer account for unique circumstances or elements going on at a particular time, or that would trade over time, which ought to be considered for making sound financial decisions.
A rule of thumb is a rule or precept that you follow which isn't based totally on exact calculations but is an alternative to enjoy. an amazing rule of thumb is that a broking needs to generate income of ten instances of his salary. more often than not of thumb, a cup of filter espresso incorporates approximately 80mg of caffeine.
A rule of thumb is an extensively accurate guide or principle. it is primarily based on experience or practice in place of concept. inside the valuation industry, these are quick statements like “all organizations in x industry sell for 1 times its revenue.” as an example, all insurance businesses promote for 1 to at least one.5 instances their cash waft.
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How do consumer credit laws support consumers? Specifically cite at least two laws and how they directly support consumers.
List and describe how both the Federal Trade Commission (FTC) and the Better Business Bureau (BBB) help protect consumers from fraud.
The consumer credit law is designed to support and protect consumers by mandating creditors to disclose credit terms to consumers.
This backed by the The Consumer Credit Protection Act which protects consumers from loan sharks, restricts the garnishing of wages, and established the National Commission on Consumer Finance to investigate the consumer finance industry.
The Federal Trade CommissionThe Federal trade commission is an agency saddled with the task of helping and protecting unsuspecting consumers from trade fraud.
They do this by stopping unfair, deceptive and fraudulent business practices by collecting reports from consumers and conducting investigations, suing companies and people that break the law, developing rules to maintain a fair marketplace, and educating consumers and businesses about their rights.
Better Business BureauThe Better Business Bureau is a non profit organization whose main aim is mission is to focus on advancing marketplace trust in the United states.
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Can a business enter into a transaction that affects only the left side of the basic accounting equation? if so, give an example.
Yes, a Business can enter into a transaction that affects only the left side of the basic accounting equation.
Can a business really enter into such a transaction? Explain with an Example.Yes, a company can engage in a transaction that only affects the left side of the accounting equation. A transaction where a rise in one asset is balanced by a fall in another asset serves as an illustration. One particular example is an increase in the equipment account that is balanced out by a drop in the cash account.
What is on the left side of the Balance Sheet and in the accounting equation?The items that your practice possesses and have a monetary worth are its assets. Your assets consist of tangible goods like cash, stock, and privately held real estate and equipment, as well as marketable securities (investments), pre-paid costs, and money owing to you (accounts receivable) from payers. Intangibles with value like registered patents or trademarks are also considered assets.
Assets are categorized on a balance sheet according to how rapidly they are anticipated to be sold, used up, or converted into cash. Fixed assets, such as buildings and equipment, are listed after current assets, such as cash, accounts receivable, and short-term investments, on the left side and are then summed. They are found on the left side of the Balance sheet.
Therefore, Yes a business enters into a transaction that affects only the left side of the basic accounting equation.
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What is the equation for total return as a function of expeted and unexpected returns?
The equation for total return as a function of expected and unexpected returns is :
Total return = Expected return + Unexpected return
The real rate of return on an investment or a group of assets over time is known as the total return.
Interest, capital gains, dividends, and realized distributions are all included in the total return.
The overall return is shown as a proportion of the initial investment.
The total return is a reliable indicator of an investment's overall success.
The genuine growth of an investment over time is determined by total return. When determining a rise in value, it's critical to consider the big picture instead of just one return metric.
When evaluating a company's historical performance, total return is used. Calculating predicted future returns helps investors make plans for their retirement or other needs and sets fair expectations for their investments.
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An example of ______ is when humans endow nonhumans with human capacities, making them viable others in social interaction.
An example of projection is that people endow nonhumans with human capacities, making them feasible to others in social interaction.
Projection is the intellectual system by means of which human beings characteristic to others what's of their very own minds. for example, those who are in a self-important nation, consciously or unconsciously, might imagine that different humans are essential to them.
Examples of Projection: A spouse is interested in a male co-employee but cannot admit her emotions, so when her husband talks about a woman co-worker, she will become jealous and accuses him of being drawn to the other lady. a man who feels insecure approximately his masculinity mocks other guys for acting like ladies.
Right here are some signs and symptoms that you might be projecting: Feeling overly harmful, protective, or sensitive approximately something someone has said or done. Feel highly reactive and quick to blame. the issue being objective, getting perspective, and status in the different individual's shoes.
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What is the amount of production overhead allocated to the assembling unit cost pool?
$800,000 × 40% = $320,000 is the amount required for the production of overhead allocated to the assembling unit cost pool.
Because the activity rates are computed by dividing the total cost for each activity by its total activity & per unit cost is calculated by dividing the total dollars in each activity cost pool by the number of units of the activity cost drivers. the total cost of each activity pool is divided by the total number of units of the activity to determine the cost per unit.
Cost pool is a grouping of individual costs, typically by department or service center.
Cost per unit the amount of money spent by the company during a period for producing a single unit of the particular product or the services of the company.
Determine means to discover the facts about something.
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Dynamic reports are business intelligence (bi) documents that are updated at the time they are requested.
a) true
b) false
Answer:
A
Explanation:
What effects on a retail stores accounting equation occur when merchandise returned by the customers is recorded?
Assets and stockholders equity decreases when merchandise returned by the customers is recorded.
When merchandise is returned by the customer, the sales returns and allowances account is debited to reduce sales, and accounts receivable or cash is credited to refund cash or reduce what is owed by the customer. This leads to the decrease in assets and stockholders equity in a retail store.
A second entry must also be made debiting inventory to put the returned items back. In this entry, we debit the cash account and the credit accounts receivable account.
Hence, this effects on a retail stores accounting equation.
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What distinguishes firm-specific resources and capabilities of some of the winning firms from emerging economies?
The firm's unique resources and abilties of the triumphing companies distinguish them from emerging economies as winning firms have sources that permit them to attain aggressive gain and overall performance.
As an emerging market economy develops, it typically becomes extra included with the global economy. that means it may have elevated liquidity in local debt and fairness markets, increased alternate volume and overseas direct investment. It could develop current economic and regulatory institutions.
Emerging markets account for almost forty% of world GDP at purchasing strength parity, although nonetheless simplest 20% at marketplace cost. while those economies are already big, they continue to grow vigorously, at greater than 7% in line with annum on average during the last six years, over 2% percentage factors above the world common.
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If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed imports?
If exports exceed imports then the USA has a alternate surplus and the change balance is stated to be fine. If imports exceed exports, the united states or place has a alternate deficit and its alternate stability is said to be negative.
If a country imports more than it exports, it runs a trade deficit. If it imports much less than it exports, that creates a change surplus. whilst a rustic has a alternate deficit, it have to borrow from other international locations to pay for the greater imports.
A rustic that imports extra goods and services than it exports in phrases of cost has a trade deficit while a rustic that exports greater items and offerings than it imports has a alternate surplus.
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Why do some critics view the united nations as an ineffectual intergovernmental organization?
The international system's power centres are not adequately represented by the Security Council. The phrase international system might mean: international relations and politics It is the world's collection of nations. The phrase is frequently used to describe twentieth-century international systems, although it can also be used to describe pre-industrial international state systems.
In the international number system, commas serve as separators and are positioned in accordance with their periods to allow for precise reading of the number. For instance, the number 456456 can be written as 456,456 or spoken as 4556,000, 4556,000.These are the four most popular forms of number systems: Decimal Number System. Binomial Number System.
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Which item does not appear on a statement of cash flows prepared by the indirect method?.
collections from customers does not appear on a statement of cash flows prepared by the indirect method.
What are collections from customers?A business uses the term collections to refer to money owing to that business by a consumer. When a consumer fails to pay the company within the periods stated, the bill becomes past due and is sometimes turned over to a collection agency.
the act or activity of gathering; data collection; tax collection anything specially gathered: a collection of artifacts amassed for the purpose of study, comparison, or exhibition, or as a hobby a collection of poems a group of photographs a collection of baseball cards
A collection is defined as a gathering of goods or people grouped together. A collection could be anything like someone collecting 500 baseball cards.
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Haki makes and sells backpack danglies. the total cost in dollars for shaki tomakeqdanglies is given byc(q) = 84 5q. 05q2. find the quantity thatminimizes shaki’saverage costfor making danglies
Manufactures and sells rucksack charms. her total dollar cost to make q (thousands) of pendants is given by C(q) =q _ 24q2+ 600q. Find the quantity (in thousands) that minimizes the average cost of her to make a pendant.
Sum fixed and variable costs to get the cost function. 3) A firm's profit is equal to the income received by the firm minus the expenses it has incurred. Subtract cost from revenue to get the profit function.
The average cost function is A(x)=C(x)x A ( x ) = C ( x ) x so x>0. Dividing the total cost by the number of units produced gives the average cost per unit. can be
Average Cost (AC), also known as Total Average Cost (ATC), is the average cost per unit of production. To do this, divide the total cost (TC) by the quantity the firm produces (Q).
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Recessions in the united states occur with regular, predictable frequency; hence the term "business cycle. " true or false?.
It is False.
How do recessions relate to the business cycle?A recession is a type of vicious cycle, with cascading decreases in output, employment, income, and sales that feed back into another drop in output, swiftly spreading from industry to industry and region to region. This domino effect is critical to the spread of recessionary weakness across the economy, driving the comovement of various coincident economic indicators and the recession's endurance.
A business cycle recovery, on the other hand, occurs when the recessionary vicious cycle reverses and becomes a virtuous cycle, with growing output generating job gains, rising wages, and rising sales, all of which feed back into further increases in output. The recovery can only last and result in long-term economic growth if it becomes self-sustaining, which is secured by the domino effect that spreads the revival across the economy.
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What characteristic of a c corporation will make it possible to pass the coporation on to new owners?
Transferable ownership is characteristic of a c corporation will make it possible to pass the coporation on to new owners.
What is Transferable ownership?Transfer of ownership is the process of passing ownership of a thing from one hand to another. This includes the acquisition of a property, the assumption of mortgage debt, the exchange of property possession, and any other land trust instrument.
any method by which property ownership is transferred These include the acquisition of a property, the assumption of mortgage debt, and the exchange of property possession via a land sales contract or any other land trust arrangement.
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When determining the amount of cash payments for manufacturing overhead, which costs are removed from the budgeted manufacturing overhead?
When determining the number of cash payments for manufacturing overhead, Depreciation is removed from the budgeted manufacturing overhead.
What is depreciation in accounting?
Depreciation is allocated across the asset's estimated useful life in order to charge a reasonable portion of the depreciable amount for each accounting period. Depreciation includes the amortization of assets with predetermined useful lifetimes.
How to calculate manufacturing overhead?
You must total up all indirect costs associated with the manufacturing of a product to determine manufacturing overhead. This covers the price of depreciation, factory supplies, electricity, insurance, maintenance of machines, indirect materials and labor, and more.
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Which additional information would the housing counselor need to prepare a household budget for this client?
Documentation of life insurance payout additional information would the housing counselor need to prepare a household budget. A household budget is a plan for manage the resources and expenses of a home that consists of one or more people living in the same residence. You may build a plan for saving money by creating a budget, which also helps you understand where your money goes each month.
You can simply manage your spending, save money, and more easily keep track of and accomplish your financial objectives if you have a household budget in place. Example of household budget are food, auto etc.
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Scales that measure how happy the client is with the services they have received are known as?
These parameters are known as the satisfaction scale CSS (Client Satisfaction Scale). It's used to measure the satisfaction level of customers or clients on your services these scales are provided in different ways to different clients on their dichotomy of work, behavior, and education in the form of the questionnaire.
satisfaction of clients is measured in different phases and in different ways. as a questionnaire pattern.Usually, it's measured in percentage form 1-3, 1-5, or 1-7. The more the value more will be the client satisfied. During the questionnaire form, we divide the levels of work into 5 portions strongly dissatisfied dissatisfiedneutralsatisfiedstrongly satisfied
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The sale of a single-family house produced a total commission of $45,825. The sales associate who was responsible for bringing the buyer to the transaction has a 60/40 commission split arrangement with the employing broker, with the sales associate receiving the 60 percent. If the total commission was split between the listing and selling firms, what is the commission that the buyer's sales associate will receive
The commission that the buyer's sales associate will receive will be $13747.50.
How to calculate the commission?From the information given, the sale of a single-family house produced a total commission of $45,825.
The sales associate who was responsible for bringing the buyer to the transaction has a 60/40 commission split arrangement with the employing broker, with the sales associate receiving the 60 percent.
Therefore, the commission that the buyer's sales associate will receive will be:
= 60% × (50% × $45825)
= $13747.50
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Current account and ______ account are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.
Current account and Capital account are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.
What is Capital account?The capital account is a tool used in macroeconomics and international finance to track the net flow of investment transactions into an economy.It is one of the balance of payments' two main elements, together with the current account. The capital account reflects the net change in ownership of national assets, whereas the current account reflects a country's net revenue.A positive balance on the capital account indicates that money is entering the nation, but unlike a positive balance on the current account, the inflows actually represent borrowings or asset sales rather than payments for labor.A deficit in the capital account indicates that money is leaving the country and that the country is acquiring more foreign assets.To know more about Capital account with the given link
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When is the present value of distress costs likely to exceed the present value of the tax shield from debt?
At high levels of debt, the present value of distress costs is likely to exceed the present value of the tax shield from debt.
What is Distress Cost?Distress cost is the additional expense, such as a higher cost of capital, that a company in financial distress must pay.Companies that are struggling often have a harder time paying their debts, which increases the likelihood that they will default. In order to meet urgent needs, assets may need to be sold fast and at a loss due to distress costs.Other costs associated with distress include diminished staff morale and productivity.Ex-ante expenses—those incurred before the event—and ex-post costs—those incurred after the event—such as bankruptcy—are the two categories of distress costs.To learn more about distress costs with the given link
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