The closing trial balance is then prepared for countercheck using the entire closing amount (adjusted).
Journalize closing entries and post to the ledger, analyze adjustment data, prepare adjusting entries, produce financial statements, analyze and record transactions, post transactions to the ledger, create a trial balance, and create a post-closing trial balance. Explanation: Basic financial transaction recording is the first phase, following which the business puts each transaction into ledgers to create a balance for trial balance accounts. The trial balance is then created as a result. The adjusting statistics are made after the trial balance has been prepared. Following the preparation of the financial statements, the closing entries for the data created using adjusted entries are entered. The closing trial balance is then prepared for countercheck using the entire closing amount (adjusted).
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which statement best describes the sixteenth-century english economy? question 1 options: a) it was largely stable and growing with everyone generally prospering and looking optimistically towards the future. b) it was unstable and undergoing rapid changes with merchants gaining power and much of the population living in economic uncertainty. c) urban and rural labor enjoyed higher wages and new bargaining power relative to the factory owners and landlords. d) traditional aristocratic landholders gained economic power at the expense of merchants.
Answer:b
Explanation:
if was a large stable community demanding growth
The sixteenth-century english economy was unstable and undergoing rapid changes with merchants gaining power and much of the population living in economic uncertainty. Option B is correct.
The sixteenth century English economy was marked by significant changes and instability, including the growth of a money-based economy, the expansion of trade, and the rise of merchant capitalism. These changes led to a shift in power and wealth, with merchants gaining more influence and wealth, while much of the population experienced economic uncertainty. This period of economic change and instability was also characterized by the growth of urbanization, the development of a new class of merchants, and the decline of feudalism.
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how does a taxpayer determine whether a dwelling unit is treated as a residence or nonresidence for tax purpose
If you occupy a housing unit for personal reasons more than the larger of 14 days; or 10% of the total days you rent it out to others at a reasonable rental rate during the tax year, you are deemed to utilize it as your primary place of residence.
What is a non-resident for tax purposes?A person who lives in one jurisdiction but has interests in another is referred to as a non-resident. When establishing one's eligibility for taxes, government benefits, jury service, schooling, voting, and other official duties, non-resident status is frequently crucial. The definition of non-resident status differs per jurisdiction and the relevant government function.
For tax reasons, a person could be a resident, but for voting purposes, they might not be. State institutions may charge extra tuition to non-residents. It might take up to two years to obtain residence, depending on the state.
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what are three core concepts of the change management process?
Successful communication The creation of a sense of ownership and urgency for the project, as well as selecting the best combination of skills and personalities for the team, are three fundamental aspects of the change management process.
By creating and implementing effective change management process, businesses and organisations employ the change control process to implement changes into practise. It entails analysing the reasons for change, implementing those changes, and aiding people in adjusting on them. This could involve altering the workforce structure, using modern technology, reducing costs, increasing earnings, or a combination of these in order to accomplish a certain goal. Change management is the process of directing organisational change from start to finish, including planning, implementing, and maintaining changes in an organisation. It has to deal with how companies handle changes like implementing new technologies, enhancing present practises, and changing the organisational structure. This method may look vary depending on the type of update you're making.
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a practitioner is associated with financial information when
Association with Financial Information refers to instances in which a practitioner is or is likely to be connected to historical financial information by third parties.
Financial information is information regarding a person's or an organization's financial dealings. This information is used by lenders and creditors to determine credit risk. Financial information includes things like credit card numbers, credit scores from independent credit research organisations, financial documents, and payment history, to name a few. The cost of financial data is high. It displays people's ability to generate income. In order for borrowers to be able to make the loan's monthly instalments, a lending institution would like to know about their monthly income. As a result, it is used to assess someone's or an organization's liquidity situation.
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Complete Question:
When is a practitioner associated with financial information
Refer to Alpha's cash T-Account for 2019 shown below. Alpha Industries T-Account December 31, 2019 Amounts in millions ($) Cash Balance January 1, 2019 725 Collection from Customers 200 150 Payments to suppliers Common Stock Issued 80 100 Salaries Paid Long-term Bond Issued 200 100 Payment of rent and utilities Sale of land 150 50 Dividends Paid 40 Payment of Loan Principal 300 Purchase of new machine Balance December 31, 2019 615 For 2019, what was Alpha's cash flow from financing? A net inflow of $160 million A net inflow of $190 million A net inflow of $240 million A net outflow of $90 million
American apparel company Alpha Industries was established in Knoxville, Tennessee, in 1959. The business began as a contractor for the US military and developed into an international retailer of American military-inspired clothing.
Please see the 2019 cash T-Account for Alpha below. T-Account for Alpha Industries as of December 31, 2019 Millions of dollars (5) 2019 January 1 Cash Balance 725 Payments to suppliers 200 150 Revenue from customers Long-term Bond Issued 200 100 Common Stock Paid 80 100 Salaries Paid Rent and utility payments Selling.The American clothing company Alpha Industries was established in Knoxville, Tennessee, in 1959. It specialises in American military dress items. Alpha manufactures things like flight jackets and vests and has been producing jackets for the American military, including the M65 Jacket, for more than 50 years.
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The complete question is: Refer To Alpha's Cash T-Account For 2019 Shown Below. Alpha Industries T-Account December 31, 2019 Amounts In Millions ($) Cash Balance January 1, 2019 725 Collection From Customers 200 150 Payments To Suppliers Common Stock Issued 80 100 Salaries Paid Long-Term Bond Issued 200 100 Payment Of Rent And Utilities Sale Of Land 150 50 Dividends Paid 40
what are the four variables that have to be balanced against stakeholder needs and project goals?
All projects must overcome four basic constraints: Scope, schedule, budget, quality. The success of a project depends on the project manager's ability and knowledge to consider all these constraints and develop plans and processes to balance them.
These four factors (time, cost, quality and quantity) are the most important parameters in project management. From the beginning of project planning, it is important to define how each of these will affect the project.
The Triple Constraints preference allows one (or more) of the three items to constrain a project. The elements are Budget/Cost, Time/Schedule, and Scope. If any of these elements change, something else must change.
Project-level balancing requires changes to keep the project on track with respect to original cost, schedule, and quality goals. These three parts of the project balance remain the same, so the project manager and team should have the authority to make these decisions.
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A domestic firm partners with a foreign company to create a new entity
What takes place in a joint venture?
A joint venture is a business arrangement in which two or more companies come together to achieve a specific goal or set of goals. The partners in a joint venture typically combine their resources, including money, technology, and personnel, in order to achieve a desired outcome.
In a joint venture between a domestic firm and a foreign company, both partners bring their own unique strengths to the table. For example, the domestic firm may have a strong presence in the local market, while the foreign company may have advanced technology or access to international markets.
One of the key benefits of a joint venture is that it allows partners to pool their resources and expertise, thereby reducing the risks and costs associated with a new venture. This can be especially beneficial for small firms that may not have the resources or expertise to enter a new market on their own. Additionally, a joint venture can help companies to enter new markets more quickly and efficiently than if they were to go it alone.
Another advantage of a joint venture is that it allows partners to share the costs and benefits of a new venture. This can be particularly beneficial for companies that are exploring new and untested markets, as the risks associated with these ventures are typically high.
Overall, a joint venture can be a valuable way for companies to achieve their goals, especially when entering new markets or developing new products. By combining resources and expertise, partners are able to achieve greater results than they would be able to on their own.
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what year had the highest revenue for atlantic cod. what was the revenue?
The highest revenue year for Atlantic cod is not publicly available. Revenue data for Atlantic cod is not typically publicly disclosed .
can vary based on many factors such as fishing quotas, market demand, and catch size.The revenue for Atlantic cod is difficult to determine as it depends on various factors such as catch size, market demand, fishing quotas, and fishing practices. Atlantic cod is a commercially important species, and its fishing industry has a significant impact on the economies of countries like Canada and Norway. The revenue generated from the sale of Atlantic cod can also be influenced by the presence of other fish species in the market and global economic conditions.
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what do you focus on most when evaluating the relevance of information or audit evidence
When evaluating the relevance of information or audit evidence one should focus on the relationship of the information to the objective of the procedure being performed. The correct option is D.
The value of information or audit evidence depends on its capacity to offer insightful understandings into the precise goals or practises being applied.
It entails determining whether the material acquired has a direct bearing on the matter being examined and whether it offers enough support for the findings or assertions being made.
Options A, B, and C are taken into account while evaluating information, but relevance is determined by other factors.
The reliability and credibility of the evidence are influenced by the direct or indirect nature of the information, the reputation of the source, and the completeness and accuracy of the information, but these factors may not necessarily determine how relevant the evidence is to the particular goal of the procedure being carried out.
Thus, the correct option is D.
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Your question seems incomplete, the probable complete question is:
What do you focus on most when evaluating the relevance of information or audit evidence?
A. Whether the information is obtained directly or indirectly.
B.Whether the information comes from a reputable source.
C.The completeness and accuracy of the information.
D.The relationship of the information to the objective of the procedure being performed.
which phrase best describes a stipulation that allows a contractor to adjust its contract price based on changes in wage rates due to local labor agreements?
The best option for describing a clause allowing a contractor to modify the price of a contract based on changes in pay rates brought on by local labor agreements be D) economic price adjustment.
What two categories of contractors are there?There are four main categorization divisions for CSLB licenses: General Contracting, General Building, Residential Remodeling, and Specialty are the four categories.
Is the job of contractor good?You have a great chance to take charge of your career through contracting, and for some individuals, it will be the finest choice they ever make. Don't allow yourself be fooled into believing the grass always is green on the contract side since quitting a permanent position is risky.
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The Complete Question :
Which phrase best describes a stipulation that allows a contractor to adjust its contract price based on changes in wage rates due to local labor agreements?
A. guaranteed maximum price
B. unit-price method
C. firm-fixed-price
D. economic price adjustment
what conflicts or barriers internal to barilla does the jitd program create?
Possible cause of Barilla internal conflicts and JITD is Before implementing a program in an enterprise, the program must be thoroughly reviewed and formally approved by all departments affected by the program.
Extreme fluctuations in demand have strained Barilla's production and logistics, making it very difficult for Barilla to meet this demand. By reducing inventory, Barilla saves both space and money. It also reduces waste from obsolescence. The feasibility of a JITD program includes the following practices: Eliminate overstock and overstock with the JIT inventory management model. Main problems and their causes. A major problem for Barilla is the increasing volatility of demand, straining production and logistics processes. The second problem is the internal resistance of Barilla's sales and marketing organization to his JITD program.
For Barilla, the demand for Barilla products is fluctuating, and the fluctuations in demand from customers are very high. Apart from that, Barilla's promotional activities and changes in the prices of its products have also caused a bullwhip effect along the supply chain.
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what are the challenges and opportunities of ant’s globalization strategies?
Globalization strategies are long haul plans directing business advancement and development outside homegrown business sectors and into different nations. In many examples, your globalization system will incline more towards either, with more prominent confinement or a more noteworthy level of comparability from one market to another.
The globalization strategies of Ant Financial face both challenges and opportunities. Some of these include:
Challenges:
Regulatory barriers: Ant Financial faces regulatory challenges as it expands into new markets, with different countries having different laws and regulations regarding financial services.Competition: Ant Financial faces intense competition in the global financial services market, with established players and new entrants all vying for market share.Cultural differences: Ant Financial must navigate cultural differences in different markets, including differences in consumer behavior, business practices, and government policies.Data security and privacy: Ant Financial must ensure the security and privacy of customer data as it expands into new markets, in light of increasing concerns about data breaches and privacy violations.Opportunities:
Growing demand for financial services: The global demand for financial services is growing, providing Ant Financial with a large and growing market opportunity.Technological advancements: Ant Financial can leverage technological advancements, such as artificial intelligence and blockchain, to offer innovative products and services in new markets.Strategic partnerships: Ant Financial can form strategic partnerships with companies in new markets to expand its product offerings and reach new customers.Market diversification: Expanding into new markets allows Ant Financial to diversify its revenue streams and reduce its dependence on a single market.Overall, Ant Financials' globalization strategies present both challenges and opportunities, and the company must navigate these carefully to achieve success in new markets.
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consider+a+stock+with+the+following+features:+div1=5;+div2=5.5,+then,+dividends+will+grow+at+2%+per+annum.+the+required+return+is+9%.+what+is+the+stock+price+at+time+zero?
The stock price at time zero can be calculated using the Gordon Growth Model, which assumes that dividends grow at a constant rate and that the required return remains constant. In this case, the Gordon Growth Model formula is:
P0 = (Div1 / (Required Return - Growth Rate)) = (5 / (0.09 - 0.02)) = 71.43
Where:
Div1 = the current dividend per share (5)
Required Return = the required return on the stock (9%)
Growth Rate = the expected growth rate of the dividends (2%)
P0 = the stock price at time zero (71.43)
Therefore, the stock price at time zero is 71.43.
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Which contract element is insurable interest a component of?
for each transaction below, calculate the amount of revenue to be recorded in the current period using accrual-basis accounting: required: a. performed $28,000 of services during the month and received full cash payment from customers at the time of service. b. performed $9,000 of services during the month and billed customers. customers are expected to pay next month. c. received $11,000 cash from customers for services to be provided next month.
For transaction A, the amount of revenue to be recorded in the current period using accrual-basis accounting is $28,000.
For transaction B, the amount of revenue to be recorded in the current period using accrual-basis accounting is $9,000. For transaction C, the amount of revenue to be recorded in the current period using accrual-basis accounting is $0, since the services have not yet been provided.
Accrual-basis accounting is an accounting method that records revenue when it is earned, rather than when it is received. Under this method, revenues are recognized when the goods or services are provided, regardless of when payment is actually received.
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reviewing the recent experience of the united states in global markets reveals that the united states has
The Correct Option, according to the declaration, is B) a significant trade imbalance with China.
What are the biggest markets worldwide?In 2022, approximately 60% of all equities traded globally were on American stock exchanges. Japan was the second-largest nation by stock market share, then the United Kingdom. The two biggest stock exchange companies in the world are the Stock Exchange of New York (NYSE) and the NASDAQ.
Which markets are international?For goods intended for corporations, financial institutions, and major issuers, Global Markets manages all sales and trading operations on the secondary markets (rates, credits, foreign currency, fixed-income, securitization, and treasury).
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The Complete Question :
Reviewing the recent experience of the United States in global markets reveals that the U.S. has
A. a merchandise trade surplus with the rest of the world.
B. a large trade deficit with China.
C. attracted very little foreign direct investment.
D. avoided becoming a debtor nation.
In the raci model, which role reviews the work to confirm it is complete? a. Responsible
b. Accountable c. Consulted
d. Informed.
Option B. In the RACI model, the role that reviews the work to confirm it is complete is typically the person who is "Accountable."
The RACI model is a project management tool used to clarify roles and responsibilities within a team or organization.
In the context of the RACI model, the person or group who is accountable is responsible for ensuring that the work is completed to the required standard and within the specified timeframe. As part of this responsibility, the accountable person reviews the work to confirm that it is complete and meets the necessary requirements. If necessary, they may request further changes or improvements to the work before giving final approval.
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In the raci model, which role reviews the work to confirm it is complete?
a. Responsible
b. Accountable
c. Consulted
d. Informed.
hannah and hugo have entered into a contract, but hannah is unhappy and is suing hugo for breach of contract. she argues that the contract includes a mistake, and hugo knew about the mistake but failed to point it out before they signed the contract. what type of mistake is hannah claiming?
The concept is Breach of Contract, which is a violation of any of the agreed-upon terms and conditions of a binding contract. The answer is Fraudulent.
Hannah claims that Hugo made a dishonest mistake. Contract fraud occurs when one party provides misleading, false or fraudulent information to the other party.
Breach of contract is a cause of action and a type of civil damages when a binding contract or negotiated exchange is breached by one or more parties due to the other party's failure or impairment of "performance".
Under Common Law , three elements are required to prove fraud: material misrepresentation with intent to (scientific) fraud, victim's reliance on testimony, and damages. Material misrepresentation.
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Suppose that nominal GDP growth is 4.6% and real GDP growth is -5.5%. What is (approximately) the inflation rate? (Submit your answer with up to two decimals, le., 10.22 for 10.22% and 11.44 for 11.442%.) Hint: It may be useful to think of Nom GDP as being equal to P multiplied by Y, where P is the price index and Y is real GDP.
Nominal GDP is the value of all goods and services produced in an economy, measured in current prices. It includes the effects of inflation or changes in prices.
To calculate the inflation rate, we can use the formula:
Inflation rate = (Nominal GDP growth - Real GDP growth) / Real GDP growth * 100%
Plugging in the values:
Inflation rate = (4.6% - (-5.5%)) / (-5.5%) * 100%
Inflation rate = 10.05%
Rounded to two decimals: 10.05%
In this case, we see that nominal GDP is growing at a rate of 4.6%, while real GDP is shrinking at a rate of -5.5%. This means that prices are rising faster than the actual production, and the inflation rate is positive, calculated to be approximately 10.05%.
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why does the product owner want the developers to adhere?
The product owner want the developers to adhere because of Full transparency of what happened at the end of each sprint. Find out what the team has to offer in the next three sprints.
A definition of done ensures everyone on the team knows exactly what is expected of everything they deliver. We guarantee transparency and quality of our products and tissues.
In one he said that combining the two roles violates Scrum's core value of engagement and reduces Scrum's focus and accountability. Because it undermines principles. Product owner provide feedback to developers and stakeholders.
POs work closely with developers and customers to determine what features will be included in product releases. You don't have to be part of one team. If multiple teams are working on the same project, the PO can be a member of all those teams.
The best solution is to let end users, not product owners, prioritize the product backlog and deliver results in sprints. However, end-users may not be aware of the process followed by the team where Scrum-her masters or other leaders can step in and provide assistance.
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7. How can Congress prevent the federal government from a "shut down" if the fiscal budget process is incomplete?
O send representatives to meet with the Office of Management and Budget (OMB) to request emergency funding
O pass legislation known as "stop-gap funding to keep the government running
O pass legislation known as an appropriations bill to keep the government running
O call an emergency Congressional Budget Office (CBO) meeting to discuss a temporary budget
Congress prevent the federal government from a "shut down" if the fiscal budget process is incomplete because pass legislation known as an appropriations bill to keep the government running. Thus, option (c) is correct.
What is Congress?The term “Congress” refers to the legislative of the United States' federal government. The president and Congress were to share power. The Supreme Court is the branch's apex body. The Congress governs the American people.
The Congress was the power to the prevention on the bills are the federal government "shut-down" if the fiscal budget is incomplete the government was the running the legislation on the specific budget saving.
As a result, the significance of the Congress are the aforementioned. Therefore, option (c) is correct.
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if total assets decreased by $52,540 during a period of time and stockholders' equity increased by $27,250 during the same period, then the amount and direction (increase or decrease) of the period's change in total liabilities is
Total liabilities would have reduced by $25,290 ($52,540 - $27,250) if total assets had fallen by $52,540 during the course of a time period but Stockholders' equity had grown by $27,250.
The following equation may be used to determine the change in total liabilities over the period: Change in Total Assets - Change in Stockholders' Equity equals Change in Total Liabilities. In this instance, the change in shareholders' equity is a gain of $27,250 while the change in total assets is a drop of $52,540. Therefore, the total liability change is calculated as follows: Total Liability Change = -52,540 + 27,250 = -25,290. Therefore, the overall change in liabilities for the period is a decrease of $25,290. This indicates that the volume of liabilities dropped during the course of the time.
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Which situation would likely make an accountant not accept a new audit engagement?
a) an accountant's lack of understanding of the entity's operations and industry
b) an accountant's inability to review the predecessor auditor's working papers
c) management's reputation for failing to provide schedules to prior auditors on a timely basis
d) management's unwillingness to make all financial records available to the accountant
The situation which would likely make an accountant not accept a new audit engagement is option d) management's unwillingness to make all financial records available to the accountant.
An accountant is a specialist that manages accounting and organises the financial records you use to manage your company, including account balances, statement of financial position, and more. They help streamline all the economic jargon associated with managing a business, review your books, generate reports for tax reasons, and more.
An agreement between an auditor and a customer to audit the customer's financial documents and account books is known as an audit engagement. Instead of the entire scope of the auditor's upcoming auditing responsibilities, the word typically refers to the contractual agreement reached between the two parties.
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you can spend $300 on either a pair of new air jordan sneakers or a new skateboard. if you choose to buy the air jordans, the opportunity cost is:
The opportunity cost of buying the Air Jordans is the skateboard. This means that by choosing to spend $300 on the Air Jordans, you are giving up the opportunity to buy a skateboard with the same amount of money.
Opportunity cost is a fundamental concept in economics that refers to the cost of a choice in terms of the next best alternative that must be given up. Opportunity cost represents the trade-off between two choices and helps individuals, businesses, and governments to make more informed decisions by considering the costs and benefits of each option. In the example, the opportunity cost of choosing to buy the Air Jordans is the skateboard. This means that if you spend $300 on the Air Jordans, you are giving up the opportunity to buy a skateboard with the same amount of money. This trade-off between two options represents the opportunity cost, and it is important to consider when making a decision. For example, if you are a fan of Air Jordans and view them as a necessity, then the opportunity cost of buying the sneakers is the skateboard, and the benefit is the satisfaction you will get from owning the sneakers. On the other hand, if you are a skateboarder and view the skateboard as a necessity, then the opportunity cost of buying the skateboard is the Air Jordans, and the benefit is the satisfaction you will get from riding your new skateboard. In conclusion, opportunity cost is a valuable tool that helps individuals, businesses, and governments to weigh the costs and benefits of different choices and make more informed decisions. In this example, the opportunity cost of buying the Air Jordans is the skateboard, and it represents the trade-off between the two options.
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The following data pertains to Tyne Co.'s investments in marketable debt securities:
Market value
Cost 12/31/Year 2 12/31/Year 1
Trading $183,000 $201,000 $195,000
Available-for-sale 76,000 77,000 72,000
What amount should Tyne report as unrealized gain (loss) in its Year 2 income statement?
A. $18,000
B. $12,000
C. $6,000
D. $5,000
After calculations, we found out the Unrealised gain(loss) as -$8000. Therefore as per calculations, none of the Options are correct.
To calculate the unrealized gain (loss), we subtract the cost from the market value.
For the trading securities:
Market value: $183,000
Cost: $195,000
Unrealized loss: $183,000 - $195,000 = -$12,000
For the available-for-sale securities:
Market value: $76,000
Cost: $72,000
Unrealized gain: $76,000 - $72,000 = $4,000
Combined, the unrealized gain (loss) is:
-$12,000 + $4,000 = -$8,000
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if the auditor added up the contents of the payments, and divided by the number of employees, to get the mean salary, what kind of activity has taken place?
If the auditor totaled the payment amounts and divided the total by the number of employees to determine the mean compensation, this would constitute a non-sampling error.
What is a non-sampling mistake example?Data entry mistakes, biassed survey questions, biassed processing or decision-making, non-responses, improper analysis results, and misleading information provided by respondents are a few examples of non-sampling errors.
How is a non-sampling error corrected?Randomizing the selection, training your staff, doing external record checks, finishing consistency checks, verifying your phrasing, randomising the order of the questions, and sticking to the facts are methods to prevent non-sampling error. A leading question encourages or prompts the intended response.
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andy views root beer and pizza as complements to one another. if the price of pizza decreases, economists would expect: group of answer choices andy's demand for pizza to increase. andy's quantity of pizza demanded to decrease. andy's demand for root beer to increase. andy's demand for pizza to decrease.
Economists would expect Andy's demand for pizza to increase if the price decreases.
What would economists expect to happen to Andy's demand for pizza if the price of pizza decreases?
Economists could anticipate Andy's call for for pizza to increase if the fee of pizza decreases. This is due to the fact, in step with the regulation of demand, whilst the price of an awesome decreases, the amount demanded of that right will increase, all else being same. As Andy perspectives root beer and pizza as enhances, a decrease in the price of pizza may additionally cause an increase in call for for root beer. But, this courting among fee and quantity demanded isn't always always honest and can be prompted by means of different factors such as changes in earnings or tastes.
As the price of pizza decreases, Andy's purchasing power for pizza increases, leading him to purchase more pizza. Additionally, as Andy views root beer and pizza as complements, the decrease in pizza price may also increase Andy's demand for root beer.
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The unadjusted trial balance shows a $17,000 balance for Prepaid Rent. At the end of the year, $5,000 of the rent had been used. The adjusted trial balance reflects a balance for Prepaid Rent of:
The results in an adjusted trial balance of $12,000 for Prepaid Rent.
The adjusted trial balance reflects a balance of $12,000 for Prepaid Rent. This is because the unadjusted trial balance showed a balance of $17,000 for Prepaid Rent, but at the end of the year $5,000 of the rent had been used. To adjust the balance of Prepaid Rent for the end of the year, $5,000 needs to be subtracted from the unadjusted trial balance of $17,000. This results in an adjusted trial balance of $12,000 for Prepaid Rent.
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generally, what is the basis of property inherited from a decedent?
Generally, the "fair market value" is the basis of property inherited from a decedent.
The fair market value is the value or the price of the products or goods which is sell for on open market, consider that the buyer and sellers are both knowledgeable about the asset.
The type of market value is functional value, monetary value, social value and the psychological value. These value are not equally to the consumers.
The inheritance of the passing or transferring the properties, titles, debts, rights and obligation to the legal heir individual upon his or her death. The fair market value of property on date of decedent's death.
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Evaluate the use of animals in attachment research
According to Green (1994), the only biological distinctions between mammals' brain structures—including those of rhesus monkeys—are their size and the number of connections. The findings of Harlow's study have important childcare implications.
What results did Harlow's experiment receive?The work of Harlow has drawn criticism. His research has been criticized for being unnecessary harmful (unethical) and of little use in trying to understand how deprivation affects human children. It was evident that the isolated upbringing of the monkeys used in this investigation caused them emotional harm.
What are the drawbacks of studying attachment through animal models?Animals and humans are too distinct of a species, according to psychologists, for their behaviors to be explained by one another. Therefore, the Lorenz study is not externally valid. Therefore, we are unable to use research on animals to understand human attachment.
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