When auditing the accounts receivable on the balance sheet, auditors' procedures would likely focus primarily on the management assertions of completeness, accuracy, existence, and valuation.
Completeness: Auditors would want to ensure that all accounts receivable that should be recorded on the balance sheet are included, and that there are no unrecorded receivables. Accuracy: Auditors would want to ensure that the accounts receivable balances are accurate and that there are no errors or misstatements.
Existence: Auditors would want to ensure that the accounts receivable balances actually exist and are not fictitious. They may perform procedures such as sending confirmations to customers to verify the balances and reviewing documentation such as sales invoices and shipping documents to ensure that the sales transactions actually occurred.
Valuation: Auditors would want to ensure that the accounts receivable balances are properly valued and that any adjustments to the allowance for doubtful accounts are appropriate. They may perform procedures such as reviewing the aging of accounts receivable and the history of bad debt write-offs to ensure that the allowance is reasonable and adequate.
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if the market experiences an increase in equilibrium price and the change in quantity is indeterminate, this must have been caused by a(n):
Price is unpredictable when both supply and demand are moving in the same direction. This is due to the fact that rising demand will result in higher prices while rising supply will result in lower prices. Demand declines push the amount and price of equilibrium downward.
A fall in equilibrium price and an unclear change in equilibrium quantity occur from an increase in supply and a decrease in demand pushing the price down but pushing quantity in the supply opposite directions. New equilibrium price and quantity are produced as a result of changes in the factors that determine supply and/or demand. The former price will no longer be an equilibrium when supply or demand changes.
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if a good is inferior, its multiple choice price elasticity of demand is negative. income elasticity of demand is positive. cross-price elasticity is negative. income elasticity of demand is negative.
If good is inferior, its price elasticity of the demand is negative.
What is price elasticity?Price elasticity refers to the degree to which the quantity demanded or supplied of a good or service changes in response to a change in its price. It measures the responsiveness of buyers or sellers to a change in price. When the price of a good or service changes, the demand for it can either increase or decrease. If the quantity demanded or supplied changes significantly in response to a price change, then the good or service is said to be highly elastic. On the other hand, if the quantity demanded or supplied changes only slightly in response to a price change, then the good or service is said to be inelastic. Understanding price elasticity is important for businesses to determine the optimal price points for their products or services.
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a community college has to decide if more budget is to be allocated for hiring new instructors or for developing new laboratory facilities. this is an example of .
This is an example of a resource allocation decision. Resource allocation decisions are made when organizations have limited resources, and must choose how to allocate them to different projects or initiatives.
In this case, the community college has limited funds and must decide whether to allocate more budget towards hiring new instructors or developing new laboratory facilities. This decision requires the college to determine which of the two options will generate more value for their students and achieve their goals more effectively. They need to consider factors such as the current state of their facilities and faculty, student demand for each option, and the long-term impact of their decision. By making an informed resource allocation decision, the college can ensure they are using their limited resources in the most effective and efficient way possible, and ultimately improve the quality of education they provide. This type of decision-making is critical for any organization, and requires careful analysis, planning, and evaluation of different options. By weighing the pros and cons of each option, the college can choose the best course of action that aligns with their objectives and maximizes the value they generate for their stakeholders.
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Is Vegeta the prince of all saiyans or the king of all saiyans
Answer: the prince
Explanation: Vegeta first appears in chapter #204 "Sayonara, Son Goku", published in Weekly Shōnen Jump magazine on November 7, 1988, seeking the wish-granting Dragon Balls to gain immortality. Vegeta is the prince of an extraterrestrial warrior race known as the Saiyans.
doritos is running a commercial contest for the superbowl this year. how does it work?
Typically, Doritos runs a commercial contest leading up to the Super Bowl each year, although it is possible that they may not run one every year.
The general idea behind the contest is that consumers are invited to create their own Doritos commercial, and the winning ad will be aired during the Super Bowl, which is one of the most-watched television events of the year.
Here's how the contest has worked in the past:
Doritos announces the contest and sets a deadline for submissions.
Consumers create and upload their 30-second Doritos commercial to the contest website.
The public votes on the commercials to determine the finalists.
A panel of judges selects the winning commercial from the finalists.
The winning commercial is aired during the Super Bowl, and the creator of the ad usually receives a cash prize.
It's worth noting that the specific details of the contest may vary from year to year, so it's a good idea to check the official contest rules and guidelines for the most up-to-date information.
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Doritos is running a commercial contest for the super bowl this year. how does it work?
The vast majority of products and services are likely to satisfy______ needs.
The vast majority of products and services are likely to satisfy both functional and psychological needs.
A psychological need is any requirement that is essential to one's welfare but is not a biological necessity. A person's desire for fulfilment might be entirely internal, as in the case of the need for pleasure, or it can arise through interactions with their social environment, as in the case of the need for social approval, justice, or job satisfaction. According to SDT, the three psychological criteria of autonomy, competence, and relatedness are crucial for psychological well-being and autonomous motivation. You should talk about these needs universally in the same way that you think about physiological needs.
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Whether carried out by an individual or a country, production beyond the production possibilities frontier A. is not physically possible. B. is possible only through trade. C. can occur by acquiring more productive resources, D. happens as a result of forced saving.
The production beyond the PPF is not physically possible.
What is meant by PPF?The production possibilities frontier (PPF) represents the maximum potential output of two goods or services that can be produced with a given set of resources and technology. Any point on or within the PPF represents a combination of goods that can be produced with the available resources, while any point outside the PPF represents a combination of goods that cannot be produced with the available resources. Therefore, production beyond the PPF is not physically possible because it would require more resources, technology, or both than are currently available.
The production beyond the PPF is possible only through trade, is incorrect because trade does not increase the total amount of resources or technology available for production. Rather, trade allows countries or individuals to specialize in producing goods or services in which they have a comparative advantage, and then trade with others for goods or services they cannot produce as efficiently.
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employers experience several costs as a result of bullying. which of the following accurately conveys one of these costs? question 23 options: a) higher workers' compensation costs b) higher turnover c) higher disability insurance rates d) a tarnished reputation e) all of these are correct.
Option E: All of these are correct, as employers experience several costs as a result of bullying that include higher turnover, higher workers' compensation costs, higher disability insurance rates, and a tarnished reputation.
Bullying can cause a significant cost to companies that may include cost to higher workers' compensation, higher disability insurance rates, costs to rehire, and train new employees. It may significantly cause companies' reputation damage, lesser sales, loss of morale, and lowered productivity.
Workplace bullying often occurs over a long period of time and can include verbal abuse and intimidation. It involves employees receiving unfavorable treatment that can lead to inappropriate, offensive, and humiliation. The one who practices it can be an employer or a colleague.
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which of the following five scenarios illustrate markets in action? (i) you rent a book at the university bookstore. (ii) you bargain at a street stall. (iii) you mow your own lawn. (iv) you get a manicure at a nail salon. (v) you grow your own vegetables and consume them yourself.
A market is a place where buyers and sellers come together to exchange goods or services. In a market, buyers seek to purchase goods or services at the lowest price possible, while sellers seek to sell goods or services at the highest price possible.
The following scenarios illustrate markets in action:
(i) You rent a book at the university bookstore - This involves a transaction in a market for books.
(ii) You bargain at a street stall - This involves a transaction in a market for goods or services.
(iv) You get a manicure at a nail salon - This involves a transaction in a market for personal care services.
In the scenario where you rent a book at the university bookstore, you are participating in a market for books. The university bookstore is the seller and you are the buyer. The price of the book is determined by the supply and demand for the book in the market, as well as the costs of producing and distributing the book.
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malik corp.'s bank statement has an end balance of $50,000. the deposits outstanding were $6,000. nsf checks were $1,000. checks outstanding at the end of the month were $3,000. using the bank statement, what is the corrected cash balance? multiple choice question.
Malik corp.'s bank statement has an end balance of $50,000. The corrected cash balance is $ 52,000.
Calculating the problem:Corrected cash balance =
Ending balance = $50,000
Deposit in transit = + $6,000
NSF Checks = - $1,000
Outstanding checks = - $3,000
Corrected cash balance = $52,000
In banking, what is a bank statement?
A bank proclamation is a report from the bank that covers a particular time span, normally a month, that shows all the movement for you for a time span. Your average daily balance, any earned interest, and processed deductions and deposits are all included in the activity shown on your bank statement.
An official bank statement is a summary of your account activity over a specified time frame, typically one month. You will find records of all incoming and outgoing transactions, so you will know exactly what happened to your money during that time.
Incomplete question:malik corp.'s bank statement has an end balance of $50,000. the deposits outstanding were $6,000. nsf checks were $1,000. checks outstanding at the end of the month were $3,000. using the bank statement, what is the corrected cash balance? multiple choice question.
A. $ 52,000
B. $ 50,000
C. $ 56,000
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based on table 5-14 annual demand at coolwipes and table 5-15 transportation costs per unit, without using excel solver, can you recommend in what cities should the new plant(s) be built for wipes or ointment? please explain your reasons. what is the annual cost, including fixed costs, variable costs, and transportation costs, of serving the entire nation from chicago? what is the minimal annual cost and in what cities should the plant(s) be built and what product lines should be included? assume that the chicago plant will be maintained at its current capacity. what is the minimal annual cost if chicago does not need to stay open?
To determine the optimal plant locations, one can use a network optimization model.
This model takes into account the demand for the products, the transportation costs between the potential plant locations and the demand points, as well as the fixed costs associated with building and operating the plants. By solving this optimization model, the optimal plant locations and the associated costs can be determined. Assuming that the demand and transportation costs are the same across the nation, the annual cost of serving the entire nation from Chicago would depend on the fixed and variable costs associated with producing the products in Chicago, as well as the transportation costs to the demand points. These costs can be estimated based on the production and transportation data provided in the tables. To determine the minimal annual cost and the optimal plant locations, one can solve the network optimization model. The model will identify the optimal locations to build the plants, the products to produce at each plant, and the associated costs, including fixed costs, variable costs, and transportation costs. If Chicago does not need to stay open, the minimal annual cost will depend on the costs associated with building and operating the new plants, as well as the transportation costs to the demand points. Again, the network optimization model can be used to identify the optimal plant locations and associated costs.
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11.When a consumer has previous experience with a product or brand, it is likely the level of involvement would _______.a. decreaseb. become more complicatedc. increased. remain the same12.A consumer who has an ongoing interest in a product or category experiences which type of high involvement?a. Shopping involvementb. Emotional involvementc. Product involvementd. Enduring involvement13.The goal for marketers in the consumer decision journey is to _______.a. eliminate the consumer's research and evaluation stages of the decision-making processb. reduce cognitive dissonance by providing after purchase services and benefitsc. simplify the buying process by offering automatic reorderingd. provide consumers with more information after they recognize an unmet need14.Advertising is(select//free/paid/decoded/publicized) ,(select /adia/personal/one-on-one/non personal) communication through various mass media.15.Which of the following are true about the effects of advertising on market share? (Select two)a. Advertising helps establish brand awareness.b. Advertising does not affect brand awareness.c. Any amount of exposure to ads will affect purchase habits.d. A certain minimum level of exposure is required to affect purchase habits.e. As market share increases, advertising continually shows a greater return.
When a consumer has previous experience with a product or brand, it is likely the level of involvement would increased.
What is a consumer?A consumer is a person or a group that is not directly involved in entrepreneurial or business operations and who intends to order or uses purchased items, products, or services primarily for personal, social, family, or household needs.
The phrase is most frequently used to describe someone who makes purchases for their own use. When it comes to consumer protection regulations, the legal definition of the term "consumer" is typically limited to live individuals and excludes commercial users.
A common legal justification for consumer protection is the idea of policing market imperfections and inefficiencies, such as unequal bargaining power between consumers and businesses.
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telstar uses job order costing. the t-accounts below summarize its production activity for the year. raw materials inventory debit credit 46,400 25,650 9,400 factory wages payable debit credit 127,400 87,150 41,650 factory overhead debit credit 9,400 104,084 41,650 62,770 work in process inventory debit credit 25,650 171,720 87,150 104,084 finished goods inventory debit credit 171,720 154,690 1. compute the amount for each of the following. a. direct materials used b. indirect materials used c. direct labor used d. indirect labor used e. cost of goods manufactured f. cost of goods sold (before closing over- or underapplied overhead) 2. compute the amount that overhead is overapplied or underapplied.
At the conclusion of the recording cycle, the applied overheads are compared to the actual overheads incurred, and any discrepancy is appropriately rectified in the cost of goods sold account.
What are Direct materials?Production T accounts assist us in comprehending a variety of information, including Material and Labor Consumed, Expenses Accrued for a Period, Payments Against Expenses Accrued, Inventory Conversion between Stages, Inventory Available after Conversion, etc.
1.Computations
a) Direct material used - 25,650
b) Indirect material used - 9,400
c) Direct labor used - 87,150
d) Indirect labor used - 41,650
e) Cost of Goods manufactured - 171,720
f) Cost of goods sold - 154,690
2. Over or Under applied
Actual Overhead incurred - 113,280 (9,400 + 41,650 + 62,770)
Overhead applied - 104,084
Under applied - 9,736 (113,280 - 104,084)
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the adjusted basis of vance's partnership interest in lex associates was $180,000 immediately before receiving the following distribution in complete liquidation of lex: basis to lex fair market value cash $100,000 $100,000 real estate 70,000 96,000 what is vance's basis in the real estate?
The balance of Vance's basis in the real estate after complete liquidation is $80, 000
Itcan be computed as:
Basis in partnership
Interest 180,000
Cash (100,000)
80,000
Land (80,000)
Basis in Real Estate to (total) 80,000
Selling off assets to pay off creditors and shut down a business is the process of liquidation. A company going into liquidation would be one that sold off its inventory, real estate, and other assets to settle its debts and shut its doors. In a complete liquidation, the liquidating corporation distributes all of its assets to its shareholders.
The assets are distributed in a single distribution or a series of distributions, and the distributions consist of the redemption of the entire stock of the corporation. A limited company's affairs are "winded up" through the legal procedure of liquidation. The company no longer exists at the conclusion of the procedure.
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pursell bank offers you a five-year loan for $69,000 at an annual interest rate of 8.5 percent. what will your annual loan payment be? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The Annual Loan Payments will be $ 17,509.84, based on the query we have.
What is the loan's yearly payment?The entire amount of principle and interest due on the loan for any given bond year is referred to as the annual loan payment for that bond year.
This type of annuity pays out equal sums each month for a period of five years. These sums are partially made up of principal and partially of interest.
Using the formula for annuity
[tex]\mathrm{PV = P \times \dfrac{1 - (1 + r)^{-n}}{r}}[/tex]
where P is the initial loan balance
Y = The annual loan payment
Interest rate = r
n is the number of years
Annual Loan + Present Value (8.5 percent, 5) Present Value for Annuity Factor
Hence 69,000= Annual Loan × 3.940642079
or Annual Loan = 69000 / 3.940642079
= $ 17,509.84
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explain the three methods of costing and which one will yield the highest tax net income where price level is declining
According to LIFO, inventory units that have recently been purchased go on sale first. When costs increase, the most priced item is recorded as an expense first, reducing the amount of net income that is taxable.
This will result in the lowest yearly income tax costs. Inventory is frequently a sizable current asset on the balance sheet of businesses that generate income by selling tangible goods. They are required to list their inventory costing technique, which may be FIFO, average cost, LIFO, or specific identification, in the notes to the financial statements. Companies use many methodologies for inventory valuation to assign a monetary value to the products in their inventory. Learn about several inventory valuation techniques, such as specific identification, first-in, first-out (FIFO) and last-in.
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a 28-year semiannual coupon bond has 3.25% coupons and the market interest rate is 2.3%. find the price of the bond today and the current yield.
The price of the bond today is $1,329.18 and current yield of the bond is 0.98%.
To calculate the price of the bond, we want to discount the cash flows from the bond, which consist of the coupon payments and the face value, the usage of the market interest rate. The formula to calculate the rate of a bond is:
Price = (C / (1 + r/n)^(n x t)) + (F / (1 + r/n)^(n x t))
wherein:
C = coupon charger = market interest raten = number of compounding durations per yeart = number of years till maturityF = face valueIn this situation, the bond has a 28-year maturity and pays semiannual coupons of 3.25%, so it has 56 coupon bills (28 years x 2 semiannual payments per year). The face price of the bond isn't given, so let's assume it is $1,000.
Plugging within the numbers, we get:
Price = (32.5 / (1 + 0.023/2)^(2 x 28)) + (1,000 / (1 + 0.023/2)^(2 x 28))
Price = $1,329.18
The price of the bond today is $1,329.18.
To calculate the current yield, we need to divide the yearly coupon payment by the price of the bond and multiply by means of 100%. the yearly coupon price is 2 x 3.25% = 6.5%.
current yield = (Annual coupon price / price) x 100%
current yield = (0.065 x 2 / $1,329.18) x 100%
current yield = 0.98%
The current yield of the bond is 0.98%.
Therefore, the price of the bond today is $1,329.18 and current yield of the bond is 0.98%.
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Accruals recorded in the salaries and wages expense and salaries and wages payable accounts represent salaries and wages.a. Trueb. False
The statement "accruals reported in the salaries and wages cost and salaries and wages payable accounts indicate salaries and wages" is correct. Hence, it is true.
What is the definition of accruals?Accruals are revenues made or costs incurred that affect a company's net income on the income statement even when cash has not yet changed hands. Accruals have a negative impact on the balance sheet since they involve non-cash assets and liabilities.
An accrual (accumulation) of anything is the accumulation of interest or different investments over time. Accruals are adjustments that must be made before a company's financial statements are released in accounting and bookkeeping.
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jarek has been asked to give a characteristic of a command economy to the class. what should he say?
In a command economy, all economic decisions are made at the discretion of the central authority. The land and the means of production are either owned by the state or a group.
In a command economy, sometimes referred to as a planned economy, all economic operations are planned, coordinated, and under the direct supervision of the central government in order to maximize societal welfare.
In a contrast to free-market economies, command economies do not let market forces like supply and demand control production or prices.
Command economies often produce inefficiencies and threaten to inhibit innovation, which is why historically significant command economies like China and Russia have evolved into mixed economies over time by embracing more free-market forces.
Belarus, Iran, North Korea, and other nations are instances of command economies.
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A free-market system cannot operate effectively and fairly without a reliable foundation in contract law. True or False?
True. It is true that without a solid foundation in contract law, a free-market system cannot function efficiently and fairly. It would be challenging for parties to trust one another
A dependable system of contracts is necessary because a free-market system is built on the voluntary exchange of goods and services between participants. The legal framework provided by contract law enables both private persons and corporate entities to make binding contracts that safeguard the interests of all parties. It would be challenging for parties to trust one another and participate in the kinds of long-term relationships required for a market economy to flourish without a solid basis in contract law. As a result, contract law is a crucial component of any free-market economy.
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13. capm and expected return. suppose that the treasury bill rate is 6% rather than the 1% value assumed in table 12.2. use the betas in table 12.2 to answer the following questions. (lo12-2) a. given the assumed risk premium of 7%, how does this change your estimate of the expected rate of return on the market portfolio? b. using your answer to part (a), calculate the expected return on the stocks in table 12.2. c. suppose instead that you continued to assume that the expected return on the market remained at 8% now what would be the expected return on each stock? d. compare your expected returns in part (c) to those in table 12.2. which stocks have a higher expected return? which lower? if you neglect to adjust the forecast of the market return to the change in the risk-free rate, how are your estimates of expected return likely to be biased?
A change in the risk-free rate affects the expected return on the market portfolio, and hence the expected return for each stock, as calculated using the CAPM model.
a. Assuming the risk premium remains at 7%, an increase in the risk-free rate to 6% from 1% reduces the expected rate of return on the market portfolio from 8% to 7%.
b. Using the new expected return on the market portfolio, the expected return for each stock can be calculated using the CAPM formula.
c. If the expected return on the market remains at 8%, the expected return for each stock would be higher than the ones calculated in Table 12.2.
d. Comparing the expected returns in part (c) to Table 12.2, stocks with a beta higher than 1 have a higher expected return, and those with a beta lower than 1 have a lower expected return. Neglecting to adjust the forecast of the market return to the change in the risk-free rate is likely to bias the estimates of expected return.
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5.3. why do taxes create deadweight loss in otherwise efficient markets? fill in the blanks to answer the question: what is likely to happen to consumer and producer surplus when taxes increase on smartphones?
Taxes result in deadweight loss because they discourage consumers from purchasing goods that are more expensive after the tax than they would have been without it. Deadweight loss is the loss of anything beneficial to the economy as a result of the tax. Deadweight loss is not simply caused by taxes on a product.
It is likely that consumer surplus will decrease and producer surplus will decrease
When customers pay less for a good or service than they are willing to, this is known as a consumer surplus. It measures the extra benefit that consumers get from paying less for something than they would have been prepared to.
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choose the answer. a corporation issued 1000 shares of $100 preferred stock for $90. what was the amount of the discount?
A corporation does not provide bond certificates to its owners, but the rest of the following are accurate.
What does "corporation" refer to in a business context?A corporation is a business entity whose shareholders elect a single board of directors to run its affairs. Operations and financial stability of the business are at the control of the corporation, not the shareholders.
What separates corporations from companies?
A firm is a person or group of persons who participate in profitable commercial business activity. Having no official recognition, regulations, or authorizations, the word "company" is a vernacular term. Despite the fact that not every business is a corporation, most are.
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which of the following is an acceptable registration for securities held in a custodial account? a john smith as custodian for............ b john and mary smith as custodians for................. c john smith corp. as custodian for............... d john smith partnership as custodian for..............
When securities are held in a custodial account, the account is managed by a custodian who holds the securities on behalf of the account's beneficial owner. In order to properly register securities held in a custodial account.
It is important to follow certain guidelines to ensure that the ownership of the securities is properly recorded and the account is managed in accordance with applicable laws and regulations.
Of the options listed, option A "John Smith as custodian for..." is an acceptable registration for securities held in a custodial account. This registration indicates that John Smith is acting as a custodian for the account, holding the securities on behalf of the beneficial owner. This registration provides clarity as to the role of the custodian and ensures that ownership of the securities is properly recorded.
Option B "John and Mary Smith as custodians for..." is also an acceptable registration for securities held in a custodial account, provided that John and Mary are acting jointly as custodians for the account. This registration indicates that the securities are held jointly by both custodians on behalf of the beneficial owner.
Options C and D, "John Smith Corp. as custodian for..." and "John Smith Partnership as custodian for..." respectively, are not acceptable registrations for securities held in a custodial account. These registrations suggest that a corporation or partnership is acting as the custodian, which is not consistent with the definition of a custodial account. A custodial account is typically held by an individual or institution that is authorized to manage the account on behalf of the beneficial owner.
In conclusion, the acceptable registration for securities held in a custodial account is typically the name of the individual custodian, such as "John Smith as custodian for...". It is important to ensure that the registration accurately reflects the ownership and management of the securities in order to comply with applicable laws and regulations and to ensure that the account is managed properly.
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adeline company, a retail store, sold gift cards totaling $242,000 during the current year. the gift cards do not have an expiration date. at the end of the year, gift cards totaling $83,000 have not yet been redeemed. the $83,000 in unredeemed gift cards should be recognized as
Adeline should be able to recognize $159,000 in sales revenue for the year. Unearned or deferred revenue is recorded as a liability.
Receivables are amounts that will also be returned as well as remitted to different parties at a later date.
Accrued interest payable is interest that has already been incurred and has not yet been paid. Accounts receivable are pledging accounts receivable when they're utilized as a guarantee for a loan.
Customers' advances include gift certificates, magazines and newspapers, easy installment deposits, special order deposit accounts, and airline tickets.
When commodities of which the seller did receive an advance payment have been supplied, the salesperson acknowledges income for the government.
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phong is in the market for a new car and hopes to buy a toyota scion. it seems everywhere he goes lately he sees a scion on the road. what does this exemplify in the process of selecting stimuli?
Motives exemplify in the process of selecting stimuli.
What is the selection of stimuli?The process of sensory selection helps us choose which stimuli to focus on. This frequently happens without our knowledge or with little effort on our part. paying close attention to particular environmental sounds, tastes, smells, touches, and visuals. Salient refers to something that seems exceptionally obvious and important.
What are the physiological factors shaping perception?Health, fatigue, and hunger can have an impact on how we perceive and communicate. Additionally, biological cycles like mensuration, body temperature, attentiveness, stress tolerance, and even neurological conditions like ADHD and bipolar disorder all have an impact on perceptions.
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Which of these investment types is considered moderate?A) IRAB) StocksC) Mutual FundD) Money Market Account
The level of risk associated with different types of investments can vary widely, and what is considered moderate will depend on the individual's investment goals and risk tolerance.
A money market account is generally considered to be a low-risk investment. These accounts offer low returns but are FDIC insured, meaning that depositors' funds are protected up to a certain amount. Mutual funds and stocks are considered to be moderate to high-risk investments. These types of investments offer the potential for higher returns, but also carry a higher level of risk. Stocks are typically more volatile than mutual funds, meaning that their prices can fluctuate more quickly and dramatically. An Individual Retirement Account (IRA) can be either a low-risk or a moderate-risk investment, depending on how the funds in the account are invested.
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houses are less expensive in laramie, wy than they are in calabasas, ca, ceteris paribus. in this example, purchasing power parity (ppp) does not hold. why?
Purchasing power parity (PPP) is a theory that suggests that in the long run, exchange rates should adjust to equalize the prices of goods and services in different countries.
Explain PPP in the case of laramie and calabasas?In this example, if houses are less expensive in Laramie, WY, than they are in Calabasas, CA, ceteris paribus (all other things being equal), it means that the cost of living is lower in Laramie than in Calabasas. Therefore, if PPP were to hold, we would expect the exchange rate between the US dollar and other currencies to reflect this difference in the cost of living.
However, there are many reasons why PPP may not hold in practice, even in the long run. One reason is that there are many factors that influence the cost of living, such as taxes, regulations, infrastructure, and cultural differences, that are difficult to quantify and compare across different countries. Additionally, market inefficiencies, such as transportation costs, tariffs, and non-tariff barriers, can prevent the equalization of prices across borders.
Therefore, even if houses are less expensive in Laramie, WY than they are in Calabasas, CA, ceteris paribus, it does not necessarily mean that PPP does not hold. It may simply reflect differences in the cost of living that are not fully captured by exchange rates. However, if the price differences persist over time, it could be an indication of market inefficiencies or other factors that prevent the equalization of prices.
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circle view company had 4,000 units in its ending work in process inventory that were 80% complete with respect to materials and conversion, 8,000 units in its beginning work in process inventory that were 65% complete with respect to materials and conversion, and total units equaled 30,000. what are the number of units started into production by circle view? 34,000 26,000 38,000 22,000
Number of units started into production by circle view are 22,000.
You will multiply the equivalent units for units started and finished by the price per equivalent costs unit for materials, labour, and overhead. The answer is OPTION D
No of completed units = ending WIP + Closing WIP - Total unit
= ( 8000/60% ) + ( 4000/80%) - 30000
= 22,000 units
The cost of units finished and transferred, also known as the cost of goods manufactured, will be the sum of these three. All products transferred to the next department are complete with regard to materials and conversion production, thus each unit brings all its costs. To calculate the goods transferred out, simply multiply the units transferred out by the total of the two equivalent unit costs.
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entrepreneurs notice that the market for cell phone service is profitable, so they decide to start their own service brand. what happens to the market for cell phone service today?
If entrepreneurs enter the market for cell phone service and start their own brand, it can increase the supply of cell phone service providers, leading to more competition in the market.
Entrepreneurs who enter the mobile phone service industry and establish their own brand may boost the supply of cell phone service providers, resulting in increased market competition. When suppliers compete for customers, this could result in reduced rates for consumers and higher quality service. Yet, if larger corporations buy out smaller ones, it may lead to market consolidation, thus limiting competition in the long run. Finally, the consequences on the market would be determined by a number of factors, including the success of new entrants and the response of incumbent providers to greater competition.
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