Do not record transactions that do not affect inventory quality. A recorded inventory transaction has actually taken place.
Records of inventory purchases made during the accounting period. The purchase account is increased by direct debit. The manufacturing costs of the goods sold are overestimated by the same amount. An overstatement of cost of goods sold will result in an understatement of net income and retained earnings by the original margin of error.
If the auditor is dissatisfied with the accuracy of the closing balance sheet and may be materially increase.
Inventory write-downs affect both the income statement and the balance sheet. Write-offs are treated as expenses. This means your net income and tax liability will be reduced. Therefore, a decrease in net income will reduce a company's retained earnings and reduce shareholders' equity on the balance sheet.
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What effect does the issuance of a 2-for-1 stock split have on shares issued and retained earnings?
The issuance of a 2-for-1 stock split on shares issued and the retained earnings, the share price will be halved.
Thus, a stock split always increases the number of outstanding shares and proportionately it lowers the price of the shares , In this issuance the market capitalization of the company remains unchanged.
A stock split is a good decision taken by a company's board of directors to increase the number of shares outstanding by issuing more shares to current shareholders.
Stock splits can improve the trading liquidity and the stocks are seemed to be more affordable.
The most common split ratios are 2-for-1 and 3-for-1, it means that a stockholder will have two or three shares, respectively, for each share held before the split of stocks.
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What has been the effect of intense consolidation in certain hospital markets?
a. dilution of competition
b. better access
c. improved quality
d. increased competition
Dilution of competition has been the effect of intense consolidation in certain hospital market.
Option A is correct.:
Health care markets :
Health care market are becoming more consolidated, causing price increases for purchasers of health services, and this trend will continue for the foreseeable future despite anti-trust enforcement;
Government can still play an effective role in addressing higher prices that come from consolidation by pursuing policies that foster increased competition in health care markets. Many of these policies can be effective even in markets with high degrees of concentration, such as in Northern California.
Competition in hospital market
More health care competition exists in the United States than in any other industrial nation. The puzzle confounding reformers is that while competition has been enormously successful at producing quality-enhancing innovation, it appears to have failed on the crucial dimension of cost. A closer look suggests not that competition is failing, but that incentives throughout the system have been so skewed that the normal rules of competition simply do not apply. Prices remain high even when there is excess capacity. Technologies remain expensive even when they are widely used. Hospitals and physicians remain in business even when they charge higher prices for equal quality or fail to provide high-quality service.
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Pesto Company possesses 80 percent of Salerno Company's outstanding voting stock. Pesto uses the initial value method to account for this investment. On January 1, 2017, Pesto sold 9 percent bonds payable with a $10 million face value (maturing in 20 years) on the open market at a premium of $600,000. On January 1, 2020, Salerno acquired 40 percent of these same bonds from an outside party at 96.6 percent of face value. Both companies use the straight-line method of amortization. For a 2021 consolidation, what adjustment should be made to Pesto's beginning Retained Earnings as a result of this bond acquisition?
a. $474,800 increase b. $460,800 increase c. $489,600 increase d. $467,800 increase
The adjustment that should be made to Pesto's beginning Retained Earnings as a result of this bond acquisition team is B. $460,800 increase
How to calculate the amount?From the information, it was stated that Pesto Company possesses 80 percent of Salerno Company's outstanding voting stock. Pesto uses the initial value method to account for this investment. On January 1, 2017, Pesto sold 9 percent bonds payable with a $10 million face value (maturing in 20 years) on the open market at a premium of $600,000.
The book value will be:
= 18500000 + 700000
= 19200000
The Amortization will be $105000 and cash received is $7148400.
The adjustment will be:
= $489600 + $652000 + $666000 + $14800
= $460800
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In the ______ step of the strategy implementation phase of the afi strategy framework, managers would examine how the firm should be structured in order to implement the desired strategy
In the organizational design step of the strategy implementation phase of the AFI strategy framework, managers would examine how the firm should be structured in order to implement the desired strategy. The management and implementation of a company's strategic plan is organizational design.
This implies that best organizational design is determined by the organization's strategy. It also implies that there aren't really any best practices for organizational design. The strategic direction of business, often known as the vision, purpose, and goals of the organizational, influences organizational design. These result in competitive strategy for the business, which the organizational structure supports.
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Identify a primary way in which companies achieve cost advantage through lower-cost inputs.
By cooperating especially well with suppliers is the way in which companies achieve cost advantage through lower-cost inputs.
In a supply chain, a provider or seller is a company that offers goods or services. In general, a supply chain supplier manufactures inventory/inventory items and sells them to the next link in the chain. These terms now refer to providers of goods or services.
A supplier is a person, company, or entity that provides products or services to another entity. For example, a laptop manufacturer or a company that sells her PCBA to his OEM is an example of a supplier.
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If a unionized company has a(n) ______ shop, the workers do not have to join the union, and they do not pay dues or fees to the union
If a unionized company has a(n) open shop, the workers do not have to join the union, and they do not pay dues or fees to the union.
A unionized workplace is a process by which a company's employees are organized into trade unions, which act as intermediaries between employees and managers. In most cases, a majority vote of workers is required to approve a union.
An organized workplace is a stable workplace. Unionized workers typically enjoy more secure employment than non-union workers and often receive more favorable compensation and benefits packages. As a result, union members may be reluctant to leave the company for other opportunities, especially to move to a non-union environment.
Unionized workplaces have unions. A union is an organized group of workers, usually led by a union leader. The union is affiliated with the Confederation of Trade Unions of America, which oversees and supports union activity in a variety of industries, including education, manufacturing, skilled labor, and entertainment.
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Powder-actuated tools are extremely dangerous, with a "firing" mechanism similar to that of:__________
Powder-actuated tools are extremely dangerous, with a firing mechanism similar to that of an explosive or flammable atmosphere.
Loading the tool earlier than the object is ready to be fastened. Why is it unacceptable to use a powder-actuated tool to lock a plywood sheet to a wall. The fastener can without problems bypass thru each materials, causing an damage.
The tool at proper angles to the work floor. take a look at the chamber to see that the barrel is clean and unfastened from any obstruction, before the usage of the tool.
The principle threat of pneumatic equipment is the powerful air stress, which could shoot items throughout the room at excessive velocity. Drill attachments and fasteners, which include nails or staples, can fly off and grow to be airborne dangers.
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While the texas governor's term in office used to be 2 years, it was changed to _____ years with a constitutional amendment adopted in _________.
While the Texas governor's term in office used to be 2 years, it was changed to 4 years with a constitutional amendment adopted in 1876.
What is a constitutional amendment?This is the type of changes that are made to the already existing constitution of a country by the law making body of that particular area. The constitutional amendment would have to do with amending the practices that used to be in play in the state at that time.
Before the amendment, the governor had the opportunity of being the number one citizen of the state for a period of two years. But after the amendment, it was changed to be a period of 4 years in the year 1876.
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The ____________________ on which firms are able to establish a competitive advantage are virtually endless.
a. competitive dimensions
b. economics
c. strategy
d. dynamics
The strategy on which firms are able to establish a competitive advantage are virtually endless.
The term "competitive advantage" refers to a company's ability to manufacture goods or provide services more effectively than its rivals. It enables a business to produce value for the business and its shareholders while achieving greater margins.
A competitive advantage is something unique to a firm or industry that cannot be easily imitated. Internally generated value is what differentiates the company from its rivals.
A corporation and its stockholders may gain more from competitive advantages due to specific advantages or situations. It is more difficult for competitors to overcome a competitive advantage the more robust it is.
Hence, option C is correct.
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A recurring customer has placed an order for loaves of bread of a specific size and color. the customer has received loaves of bread of a different size and color than that which was ordered. why?
A recurring customer has placed an order for loaves of bread of a specific size and color. The customer has received loaves of bread of a different size and color than that which was ordered. This happened because the staff did not listen or understand properly the order. This shows lack of management, responsibility and accountability in that shop or firm.
In this situation manager should take action to avoid these types of problem in future. As if this exits in the long term in the firm they can face huge loses, depreciate of the brand name, customer dissatisfaction, market instability and can make situation even worse to force them to close or wind up their firm or shop.
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Jones, Incorporated acquires 15% of Anderson Corporation on January 1, 2020, for $105,000 when the book value of Anderson was $600,000. During 2020 Anderson reported net income of $150,000 and paid dividends of $50,000. On January 1, 2021, Jones purchased an additional 25% of Anderson for $200,000. Any excess cost over book value is attributable to goodwill with an indefinite life. The fair-value method was used during 2020 but Jones has deemed it necessary to change to the equity method after the second purchase. During 2021 Anderson reported net income of $200,000, and reported dividends of $75,000. The income reported by Jones for 2021 with regard to the Anderson investment is:_____.
a. $80,000.
b. $30,000.
c. $50,000.
d. $15,000.
e. $75,000.
The income reported by Jones for 2021 with regard to the Anderson investment is $80,000
In 2021 Jones changed the method from fair value to Equity method.
In the equity method Income reported is
= income of the company in which investment is made x capital share in that company
= $200,000 x 40%
= $80,000
Investing is dedicating an asset to achieve an increase in value over a period of time. Making an investment requires sacrificing your current assets such as time, money, and effort. In finance, the purpose of investment is to generate a return on the assets invested
The definition of investment is an asset that is purchased or invested to build wealth and save money from hard-earned income or capital appreciation.
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Andy has a credit rating of 800, and mia has a credit rating of 585. they both apply for the same loan amount from newton bank. the bank approves andy’s loan at 6.5%, and mia is charged 4 percentage points more because of her lower credit rating. what interest rate does mia have to pay?
10% interest rate to be paid by Mia.
What do interest rates mean?An interest rate indicates how expensive borrowing is or how lucrative saving is. Therefore, if you are a borrower, the interest rate is the sum you pay for borrowing money and is expressed as a percentage of the overall loan amount.The basic interest formula is as follows, for instance, if you take out a $20,000 loan with a five-year term and a 5% interest rate: $5,000 in interest results from multiplying $20,000 by.05 by 5.The nominal interest rate, the effective interest rate, and the real interest rate are the three primary categories of interest rates. The declared rate on which interest payments are computed is the nominal interest on an investment or loan.10% interest rate to be paid by Mia.
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Alignment between people, processes, structure, values, and environments is the __________ perspective.
Alignment between people, processes, structure, values, and environments is the behavioral perspective.
The behavioral perspective is the alignment between various aspects such as of people, values, structure, processes, environments and the way we behave and learn, which can be explained through our interactions with the environment.
As our actions are always responses to stimuli, which either occur naturally or because of our learned response. Thus, through a process called conditioning, all the behaviors are learned through interaction with the environment. This perspective also seeks to explain the way motivation can impact behavior.
Hence, the behavioral perspective centers around learned behaviors.
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The data a firm can leverage is a true strategic asset when it is valuable, rare, imperfectly imitable, and non-substitutable.
a) true
b) false
The answer is option a) true.
Leverage is the ratio of a company's debt to equity that it has (its capital structure). A corporation is said to be highly leveraged if it has more debt than is typical for its sector. When consumers have options and frequently make purchases, they are more likely to remember earlier costs. This makes dynamic pricing particularly challenging. We must have an overall architecture and strategy for data before we can utilize it. It is crucial to ensure that the data models supporting the important functional domains are suitable and that data quality is consistent. Companies may transform unactionable data into valuable insights by leveraging it. Organizations must develop their ability to efficiently gather, analyze, and convey information if they are to successfully exploit data.
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The cost method that will yield an ending inventory that is closer to current prices is the________.
The cost method that will yield an ending inventory that is closer to current prices is the FIFO inventory cost method.
What do you mean by cost method?
Certain investments are recorded using the cost method of accounting in a company's financial statements. When an investor owns an investment and has little or no control over it, which is often expressed as owning less than 20% of the company, they adopt this strategy.
What is FIFO and LIFO method?
The Last-In, First-Out (LIFO) approach is predicated on the idea that the most recent or most recent unit to enter inventory gets sold first. The oldest unit of inventory is supposed to be sold first according to the First-In, First-Out (FIFO) technique.
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Luminaires shall be wired with conductors having insulation suitable for the _____ to which the conductors will be subjected.
Luminaires shall be wired with conductors having insulation suitable for the _____ to which the conductors will be subjected.
I. environmental conditions II. current-voltage III. temperature.
What are luminaires?
The Illuminating Engineers Society (IES) makes use of luminaire. Fixture is employed by the US Congress. And it's typical to hear someone refer to a source of light as a lamp. Although both names are technically correct, the correct term is luminiire.
A luminaire is described as "a complete lighting unit consisting of a lamp or lamps together with the parts designed to distribute the light, to position and protect the lamps, and to connect the lamps to the power supply" in both the IES Lighting Handbook and the 2014 National Electrical Code, Article 100 (which originally the 2004 NEC).
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Using the previous budget as a starting point and making adjustments to the funds allocated to each expense category is the budgeting approach known as ______ budgeting.
Using the previous budget as a starting point and making adjustments to the funds allocated to each expense category is the budgeting approach known as incremental budgeting.
What is incremental budgeting?The concept behind incremental budgeting is that the easiest way to create a new budget is to just make minor adjustments to the one that is already in place.In other words, incremental budgeting involves starting with the present budget and adding or subtracting incremental assumptions to arrive at new budget numbers. In terms of budgeting techniques, incremental budgeting is frequently regarded as the most conservative strategy.Entrepreneurship is extremely dangerous, but it can also be very rewarding because it contributes to economic growth, innovation, and wealth.For entrepreneurs, securing money is essential: SBA loans and crowdsourcing are two forms of finance.The manner business owners file their taxes and pay them will depend on the organizational structure of their company.To know more about incremental budgeting with the given link
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The multi-faceted political and economic philosophy that emphasizes privatization and unregulated markets is?
The multi-faceted political and economic philosophy that emphasizes privatization and unregulated markets is neoliberalism.
Philosophy is the systematic study of general and fundamental questions such as existence, reason, knowledge, values, mind and language. Such questions are often asked as problems to be investigated or solved.
It is the rational search for basic truths, the search for understanding, the study of behavioral principles. It seeks to establish standards of evidence, provide rational methods for resolving conflicts, and develop techniques for evaluating ideas and arguments.
Philosophy is a collection of ideals, standards, or beliefs used to explain behavior and thought. A typical example of philosophy is Buddhism.
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In ______ feedback, the receiver provides nonevaluative information to the communicator.
In informational feedback, the receiver provides non-valuative information to the communicator.
Feedback in the context of communication refers to a reaction from the recipient that informs the communicator of the message's effectiveness and whether it needs to be amended.
Alternatively said, feedback is the message's reception by the recipient
Corrective feedback is when the receiver challenges the initial communication in response to informational feedback, which is when the receiver provides non-evaluative information to the communicator.
Reinforcing feedback occurs when the recipient expresses explicitly that she has understood the message and its goals.
Hence, in informational feedback, the receiver provides non-valuative information to the communicator.
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Jacqi tells kenneth, who does not know how to perform comedy, that she will tutor him in the subject for $500. As an offer, this is?
Jacqi tells Kenneth, who does not know how to perform comedy, that she will tutor him in the subject for $500. As an offer, this is effective.
Comedy is a genre of fiction consisting of narratives or works intended to be humorous or funny by inducing laughter, especially in theatre, film, stand-up comedy, television, radio, books, and other entertainment media.
It is in this sense that Dante used the term in the title of his poem La Commedia. Over time, the word became more and more associated with all kinds of performances intended to make people laugh. In the Middle Ages, the term "comedy" became synonymous with satire, and later humor was Synonymous with General.
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What is the scientific process of transforming data into insight for making better decisions?
a) business facts
b) business analytics
c) business knowledge
d) business intelligence
Business Analytics is the scientific process of transforming data into insight for making better decisions.
What is Business Analytics?Business Analytics is the process whereby businesses use statistical methods and technologies for analyzing data to aid decision making.
The goal of business analytics are:
To determine which datasets are useful and how they can be leveraged to solve problems.To increase efficiency, productivity and revenue.Here are the three stages of business analytics:
Descriptive Analytics: An application of a prime statistical technique that explains what a dataset contains, the main two techniques used are data aggregation and data mining that signify this method is used for understanding the elemental behavior and not to make predictions. Predictive Analytics: An advanced statistical application or a research method to figure out predictive variables and make predictive models determining patterns and relationships among variables.Prescriptive Analytics: An application of decision system, management science and operation research methodologies to conduct appropriate use of admissible resources.Therefore, (B) business analytics is the scientific process of transforming data into insight for making better decisions.
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Example(s) of obstacles to internationalization can be:_________
a. financial and psychological
b. physical and financial
c. physical and psychological
d. technological
Obstacles to internationalization can be a. financial and psychological.
Financial usually refers to money matters or transactions of some size or importance: a financial wizard. fiscal is used especially in connection with government budget, or those of any corporation: the top of the fiscal yr. monetary relates especially to cash as such: a monetary system or standard.
Psychological is relating the mind or to mental phenomena as the subject matter of psychology. of, concerning, handling, or affecting the thoughts, especially as a characteristic of awareness, feeling, or motivation: psychological play; psychological impact.
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An evaluation tool that collects feedback from manager, peers, direct reports, and customers is called?
An evaluation tool that collects feedback from managers, peers, direct reports, and customers is called 360 assessment.
Please clarify why you are asking. Putting your direct reports in the awkward position of having to guess why they are asking for feedback only adds to their discomfort. Instead, be proactive and explain why you need their help.
360-degree feedback (also called multi-rater feedback, multi-source feedback, or multi-source evaluation) comes from employees' process of soliciting feedback and self-evaluation by employees themselves.
Evaluation Tool means any written means of assessing teacher performance that is required by law.
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An increase in the number of sellers of a good will __________________ for that good equilibirum
An increase in the number of sellers of a good will reduce price of the good for that good equilibirum.
A change in supply will cause equilibrium price and output to change in opposite directions means that if the output will increase then the price will decrease.
An increase in supply will always cause a reduction in the equilibrium price and in this case an increase in the equilibrium quantity of a good.
The increase in supply leads to an excess supply at the initial price. which further causes the price to fall and quantity demanded to increase.
However, a decrease in supply will always cause an increase in the equilibrium price and a great fall in the equilibrium quantity of a good.
The decrease in supply always leads to an excess demand at the initial price which further leads to the price to rise and quantity demanded to decrease.
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It is critical for body cells to maintain fluid and electrolyte balance. The body achieves this balance by?
It is critical for body cells to maintain fluid and electrolyte balance. The body achieves this balance by attracting water into the cell through increased electrolyte concentrations.
The current density necessary to achieve passivity in a specific metal electrolyte system depends on the electrolyte concentration. When iron and sulfuric acid are combined, the current density necessary for passivity falls as the sulfuric acid concentration rises.
When dissolved in water, chemicals known as electrolytes acquire a natural positive or negative electrical charge. Since the average adult's body includes 60% water, electrolytes are present in almost all of the body's fluids and cells. They support a variety of bodily functions, including maintaining the harmony of fluids within and outside of your cells and regulating chemical processes.
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When the ownership percentage of stock exceeds 20 percent but is less than 50 percent, gaap presumes that the investor:_______.
When the ownership percentage of stock exceeds 20 percent but is less than 50 percent, Gaap presumes that the investor: is able to exert influence over the investee company.
What is Consolidation Rules Under GAAP?The general rule requires consolidation of financial statements when one company's ownership interest in a business provides it with a majority of the voting power -- meaning it controls more than 50 percent of the voting shares. But even if your company's equity or voting interest is 50 percent or less, consolidation may still be required. In the absence of owning a majority of the equity, extensive contractual agreements or other business arrangements between two enterprises may be sufficient to establish the requisite control that warrants consolidating financial statements.
The Principles of GAAP-
The four basic constraints associated with GAAP include
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The ____ is the point in time by which systems and data must be recovered after an outage as determined by the business unit.
The recovery point objective is the point in time by which systems and data must be recovered after an outage as determined by the business unit.
Here are several examples of recovery point objectives in action: in the case of an enterprise that makes use of conventional tape backups, take into account a backup plan that schedules backups twice a day at 6 AM and six PM. A primary site failure at 2 PM allows the crew to repair from the 6 AM backup an RPA of 8 hours.
The recovery factor goal (RPO) is the most ideal amount of statistics loss after an unplanned data-loss incident, expressed as a quantity of time.
A recovery point objective (RPO) is the most appropriate quantity of data loss after an unplanned facts-loss incident, expressed as an amount of time.
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A market structure in which there is one large firm that has a major share of the market and many smaller firms supplying the remainder of the market is called:_________
A market structure in which there is one large firm that has a major share of the market and many smaller firms supplying the remainder of the market is called Dominant firm model.
In the dominant company model, there is one large company operating in the market along with many smaller companies. Big companies have all the power in the market. She determines prices and quantities in line with the goal of maximizing profit. Therefore, the price is set in the market and the rest of the quantity is supplied by other companies.
a) Stackelberg Model - The Stackelberg model is commonly used for the duopoly. I made it clear here that there are many small companies.
b) Twisted Demand Curve Model – This model is found in oligopolistic regions where firms do not seek price competition as it will eventually eat into the profits of the industry as a whole.
d) Cournot Model - In this model, companies select quantities at the same time.
e) Bertrand model - when competition is based on pricing rather than quantity supplied.
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According to the pecking-order theory managers will often choose to finance with?
According to the pecking-order theory managers will often choose to finance with debt rather than new equity.
The Pecking Order Theory is also known as the Pecking Order Model. This theory relates to a company’s capital structure. It was made popular by Stewart Myers and Nicolas Majluf in 1984.
The theory of Pecking order states that managers should follow a hierarchy while considering sources of financing.
In the context of the pecking order theory, retained earnings financing also known as internal financing comes directly from the company which minimizes the information asymmetry.
In oppose to the external financing, such as debt or equity financing where the company is required to incur fees to obtain external financing, internal financing is the cheapest and most convenient source of financing.
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If ryan copies an article from a computer science journal that sells subscriptions and then distributes the copies to 25 employees at his company, his action?
Ryan would be liable for copyright infringement.
What is copyright infringement?Infringement of copyright is the use of works protected by copyright without permission for a usage where such permission is required, hence infringing some exclusive rights provided to the copyright.
Infringement notices are used to formally warn an infringer that their content must be removed. When you discover infringement, mailing a cease and desist letter is usually the best course of action.
A Copyright Infringement Notice should specify which copyrighted work or works have been infringed by another party. At the very least, the letter should specify the work that is infringing on your copyright, as well as any pertinent data.
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