The best definition of the source document would have to be that Source document identifies and describes the transaction and it is the basis for entering an event into accounting system.
What is the accounting process?This is the term that is used in accounting to make reference to all of the steps that has to do with the identification of transactions and also the ways that the transactions would have to be recorded so that there would be the a financial statement and the books can be closed in a company.
Hence the best solution is option B. We would say that it has to do with the identification and the description of transactions.
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if a type of production cost for a firm cannot be changed in the short run and cannot be changed by changing the amount of output, it must be a: multiple choice profit. variable cost. average cost. fixed cost.
If a type of production cost for a firm can't be changed in the short run and can't be changed by changing the amount of output, it should be a fixed cost.
So, the correct option is D.
Only variable expenses and revenues have an influence on short-term production costs; fixed costs have no bearing on them. Production and variable costs are cyclical. Overhead expenses, period costs, and supplemental costs are further names for fixed costs. Prime costs and direct costs are other names for variable expenses, which have a direct impact on production levels. Nature. Fixed expenses are time-related, meaning they are constant over an extended period of time.
The amount of output has little impact on fixed expenses. Within the appropriate range, total fixed costs stay constant. Nevertheless, when output rises, the fixed cost per unit falls since the same fixed expenses are distributed across a greater number of units. One of the elements of the overall cost of the company or business is the fixed cost.
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the quantity theory of money assumes that the velocity of money a. will fall if the money supply rises, and will rise if the money supply falls. b. is constant. c. will rise if the money supply rises and fall if the money supply falls. d. will rise if the money supply rises, but will not change if the money supply falls.
The quantity theory of money assumes that the velocity of money is constant. The correct option is b.
What is quantity theory of money?The quantity theory of money is one of the directions of Western economic thought that emerged in the 16th and 17th centuries in monetary economics.
According to the QTM, the general price level of goods and services is directly proportional to the amount of money in circulation, also known as the money supply.
According to the quantity theory of money, the general price level of goods and services in an economy is proportional to the money supply, assuming constant real output and constant money velocity.
Thus, the correct option is b.
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you are the president of your company, and you are attending a presentation about investing in foreign businesses. the presenter comes across as friendly and ends her speech on time. you always have a hard time coming across as personable and managing your time when speaking to your employees. you decide to ask the speaker what she does to be so personable and punctual.
I time myself when rehearsing in order to keep my presentation brief and focused. I also greet members of the audience while waiting for audience members to arrive before the presentation.
Statistics are very important and effective but infographics are even more comprehensive than bulleted statistics on PowerPoint slides. Infographics are not only more visually interesting and memorable but also more comprehensive. The introduction is the most important part of the presentation as it sets the tone for the entire presentation.
Its main purpose is to get the audience's attention usually within the first 15 seconds of her. Emphasize the first few words. Audience analysis involves identifying your audience and tailoring your speech to their interests understandings attitudes, and beliefs. An audience-centered approach is important because when a presentation is well crafted and delivered it increases the effectiveness of the speaker.
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the trade agreement that represented the most significant change to the regulations governing global trade during the 1990s was the ____.
the trade agreement that represented the most significant change to the regulations governing global trade during the 1990s was the General Agreement on Tariffs and Trade.
The General Agreement on Tariffs and Trade (GATT) is a legal agreement between numerous countries that aims to encourage international trade by lowering or eliminating trade obstacles such as tariffs and quotas. According to its preamble, its goal was to "significantly reduce tariffs and other trade obstacles, as well as eliminate preferences, on a reciprocal and mutually advantageous basis."
The GATT was initially addressed during the United Nations Conference on Trade and Employment, and it was the result of negotiating governments' failure to establish the International Trade Organization (ITO). On October 30, 1947, 23 states signed it in Geneva, and it went into effect on a provisional basis on January 1, 1948.
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food service distributors, inc., accepts a 90-day, 8% note receivable for $75,000 on september 1 in exchange for an account receivable due from fresh food, inc. food service distributors prepares financial statements quarterly. the effect of this transaction on food service distributors' net income for the quarter ended september 30 is an increase of $
The effect of this transaction on Food Service Distributor's net income for the quarter ending September 30 is an increase of $500
loan: $75,000 * .08(rate) / 12 months = $500 a month.
What is financial statements?Financial statements are official records of a company, an individual, or another entity's financial transactions and standing. The presentation of pertinent financial data is organised and presented in an understandable style. Financial statements are written records that outline a company's operations as well as its financial success. Government organisations, accounting firms, and other entities frequently audit financial statements to assure their accuracy and for reasons related to taxes, financing, or investment.
Financial statements offer a quick glance into the state of a company's finances and include information on its operations, profitability, and cash flow. Financial statements are crucial since they reveal details about a company's earnings, costs, profitability, and debt.
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why may a company want to pay its workers more than the prevailing market wage? a wage above the market equilibrium
A company may want to pay its workers a wage more than market equilibrium when it requires workers in urgency.
What is market equilibrium?In this context, market equilibrium refers to a situation where a market price is created through competition such that the quantity of products or services sought by buyers is equal to the quantity of goods or services produced by sellers. The quantity is referred to as the "competitive quantity" or market clearing quantity, and the price is frequently referred to as the competitive price or market clearing price. This price will typically not change unless demand or supply changes. But the idea of equilibrium in economics also holds true in imperfectly competitive marketplaces, where it takes the shape of a Nash equilibrium. When an economic agent cannot alter the circumstance by using any strategy, the situation is said to be in an economic equilibrium.
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coca-cola recently introduced coca-cola orange no sugar as a limited edition flavor. why would coca-cola market this product using the coca-cola brand name instead of creating a new brand? what are the trade-offs associated with adding the line extension?
The new brand will be marketed individually because it will aid the company in establishing it as a distinct competitive advantage if the product has a competitive advantage.
What is brand?
A brand is any characteristic that sets one seller's good or service apart from that of other sellers. It can be a name, a term, a design, a symbol, or anything else. In business, marketing, and advertising, brands are used to build and preserve brand equity for the identified product, which benefits the brand's customers, owners, and shareholders. Sometimes generic or store brands can be distinguished from brand names. It is believed that the ancient Egyptians, who really are known for branding livestock as early as 2,700 BCE, were the first to engage in the practise of branding, which is defined in its original literal sense as marking by burning.
The ability to generate employ future cash flows, and a specific market segment that can create a particular identity for the brand separate from the company. This product, known as Coca-Cola Orange No Sugar, is marketed more to health-conscious consumers and is intended for a specific target market, so if the brand is successful in giving the business a competitive advantage, it should be able to attract new customers and help the business increase its rate of return and gain another competitive advantage. Therefore, Coca-Cola may market this product under a new brand.
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Coca-Cola's success in its distribution system is attributed to its global-local approach, independent bottling partners, strong brand ownership, collaborative partnerships, and a well-planned distribution system. By continually adapting and innovating their strategies, they can solidify their position and meet the evolving needs of consumers in Bangladesh and beyond.
The key success factors for Coca-Cola's distribution system all over the world are:
1. Global reach with local focus: Coca-Cola operates on a local scale in every community where they do business. Their system includes the Coca-Cola Company and more than 250 bottling partners worldwide, allowing them to have a global presence while tailoring their strategies to local markets.
2. Independent bottling partners: Coca-Cola does not own or control all of its bottling partners worldwide. Instead, it sells concentrates, beverage bases, and syrups to these bottling operators, who then manufacture, package, and distribute the final branded beverages. This decentralized approach allows for flexibility and responsiveness to local consumer needs.
3. Strong brand ownership and marketing: Coca-Cola owns the brand and is responsible for consumer brand marketing initiatives. This ensures consistent messaging and brand recognition across different markets, contributing to consumer trust and loyalty.
4. Collaborative partnerships: Coca-Cola works closely with its bottling partners, suppliers, and various channels, such as grocery stores, restaurants, and convenience stores, to develop localized strategies. This collaboration helps adapt to local tastes and preferences, making the product more appealing to consumers in each market.
5. Well-planned distribution system: Coca-Cola's distribution system is well-executed and strategic, ensuring the availability of its products to retailers and wholesalers worldwide. This high visibility and availability contribute to their success and make them essential to the business success of retailers and wholesalers.
In Bangladesh, Coca-Cola likely employs a combination of distribution strategies, including direct distribution and channel partners, to reach consumers efficiently. The selection criteria used by Coca-Cola in Bangladesh may include factors such as the partner's distribution network, market coverage, logistics capabilities, and local market knowledge.
Coca-Cola offers various incentives to its distributors to motivate them and ensure their commitment to the brand. These incentives may include financial rewards, volume-based discounts, marketing support, training programs, and access to exclusive promotions. Communication with distributors is crucial, and Coca-Cola likely uses multiple channels to communicate with them, such as regular meetings, training sessions, online platforms, and dedicated account managers.
In the future, to solidify their position in Bangladesh, Coca-Cola could consider implementing the following distribution strategies:
1. Enhance digital presence: With the growing use of e-commerce and online platforms, Coca-Cola can expand its distribution by partnering with online retailers and food delivery services. This would allow them to reach a broader customer base and cater to the convenience-driven demands of consumers.
2. Strengthen partnerships with local retailers: By developing strong relationships with local retailers, Coca-Cola can ensure optimal product placement and availability. This may involve tailored promotional campaigns, training programs for retailers, and efficient supply chain management to minimize stockouts and maximize customer satisfaction.
3. Expand distribution network: Coca-Cola can explore partnerships with new distributors, wholesalers, and channel partners in untapped regions of Bangladesh. This would increase the reach of their products and provide greater access to remote areas.
4. Introduce smaller packaging options: To cater to different consumer preferences and affordability, Coca-Cola could introduce smaller packaging options, such as mini cans or single-serve bottles. This would target price-sensitive consumers and enhance penetration in the market.
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ed hat, incorporated, is a software development company that recently reported the following amounts (in thousands) in its unadjusted trial balance as of february 28, 2019. debits credits accounts receivable $ 984,750 allowance for doubtful accounts $ 4,500 sales and service revenue 3,300,000 required: assume red hat uses ¼ of 1 percent of revenue to estimate its bad debt expense for the year. prepare the adjusting journal entry required at february 28 for recording bad debt expense.
On 28, Feb Red hat, decide to write off an account, debit allowance for doubtful accounts by $8250, and credit the corresponding receivables account by $8250.
What is a Bad Debt Expense?When a customer's inability to pay a past-due debt owing to bankruptcy or other financial issues prevents them from doing so, the receivable is no longer recoverable, and this results in a bad debt expenditure being recorded.
Given
sales and service revenue = $3,300,000
Bed debt expenses = ¼ of 1 percent of revenue to estimate its bad debt expense
Required to pass adjusted Journal Entry of bad debts.
Calculation for the required amount = $3,300,000 x 1 x 1/4x100
= $8250
Date Particular Debit Credit
28 Feb Allowance for doubtful accounts $8250
Accounts receivables $8250
(Being amount of bed debts expenses write off)
The bad debt expenditure account is debited in the journal entry, while the accounts receivable account is credited. It could also be essential to debit the account for sales taxes payable in order to reverse any associated sales tax that was added to the original invoice. $8250 should be written off by Red hut.
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Which of the following is true about binding price floors?
a. A binding price floor makes all consumers worse off and all producers better off.
b. A binding price floor makes all consumers worse off, makes some producers worse off, and makes some producers better off.
c. A binding price floor makes all producers worse off, makes some consumers worse off, and makes some consumers better off.
d. A binding price floor makes all consumers and producers better off.
The statement given in option (b) ‘A binding price floor makes all consumers worse off, makes some producers worse off, and makes some producers better off’ is true about binding price floors.
A binding price floor fixes a minimum price of a good above the equilibrium price. Binding price floors make sure that prices for the goods do not drop below the set price, thus binding the market to that price for the goods and making it illegal to sell and buy at the equilibrium price and any other price that is below the price floor.
Since the binding price floors raise the prices of the goods above the equilibrium prices, this results in a decrease in demand and an increase in supply. Because of this, the amount of supply exceeds the amount of demand, leading to a surplus of the goods in the market.
While the other statements given in the rest of the options are not true in the context of binding price floors.
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with such a novel technology as driverless cars, how can toyota best benefit and obtain a competitive advantage from this investment in uber's technologies?
Uber's technologies can be installed into a given model in order to create a fleet for Uber's ride-hailing network, guaranteeing the sale of x number of vehicles.
how can Toyota best benefit and obtain a competitive advantage from this investment in Uber's technologies?Toyota has exclusive access to the technology and a competitive advantage in introducing self-driving cars to a wider market thanks to a strong cooperation with Uber.
Toyota effectively strengthens its position and expands its role by entering into a deal with Uber. This gives Toyota a competitive edge over other automakers.
What is a benefit of driverless car technology?Most Australian and worldwide experts think that the use of advanced driverless car technology could prevent 90% of accidents, making the major safety benefit from driverless vehicles the ability to significantly reduce the number of collisions.
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The aggregate demand curve illustrates the relationship between ________ and the ________, holding constant all other factors that affect aggregate expenditure.
An aggregate demand curve illustrates the relationship between the price level and the quantity of planned aggregate expenditure, holding constant all other factors that affect aggregate expenditure.
What is an aggregate demand curve?
Basically, a demand curve refers to the graph depicting the relationship between the price of a certain commodity and the quantity of that commodity that is demanded at that price. These curves can be used either for the price-quantity relationship for an individual consumer or for all consumers in a particular market.
Also, an aggregate demand means the measurement of total amount of demand for all finished goods and services produced in an economy. It is often expressed as the total amount of money exchanged for those goods and services at a specific price level and point in time.
In conclusion, the typical aggregate demand curve represents the total of consumption, investment, government purchases and net exports at each any price level in any period of time.
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steel mill inc. makes an offer to tag to enter into a contract to work as a mechanical engineer for a certain salary for one year subject to a five-year renewal based on his performance. tag accepts the offer. this is a valid contract because it includes
Tag accepts the offer. this is a valid contract because it includes an offer and an acceptance.
A contract is a legally enforceable agreement that creates, defines, and governs mutual rights and obligations among its parties. A contract commonly involves the switch of products, services, cash, or a promise to switch any of these at a destiny date. Within the occasion of a breach of agreement, the injured birthday party can also are seeking judicial remedies consisting of damages or rescission. Settlement regulation, the sphere of the law of obligations worried with contracts, is based totally at the precept that agreements ought to be venerated. Contract law, like other areas of private regulation, varies among jurisdictions. The diverse systems of agreement law can broadly be broken up between not unusual regulation jurisdictions, civil law jurisdictions, and combined law jurisdictions which integrate elements of both not unusual and civil law.
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Which of the following contribute to labor content?
A. The time the flow unit spends as buffer inventory
B. The time an unmanned machine spends working on a flow unit
C. The time a worker spends inspecting a flow unit
D. The time a worker works on the flow unit
The labor content is affected by both the time a worker spends working on a flow unit and the time they spend checking a flow unit.
The uterus contracts continuously and increasingly during labor, which helps the cervix widen and efface (thin out). As a result, the fetus can pass through the birth canal. Two weeks before or beyond the anticipated birth date, labor typically begins. In economics, there are four different categories of labor: skilled, unskilled, semi-skilled, and professional. Work is the effort that individuals put forth in the creation of commodities and services. Prior to 1500 B.C., sundials were created in ancient Egypt, marking the beginning of time measuring. However, the time the Egyptians recorded was different from the time that our clocks record. The length of daylight was the fundamental unit of time for the Egyptians, and for another three millennia after that.
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a decrease in net worth could be the result of: 16) a) inflows exceeding outflows for a month. b) inflows and outflows being equal for a month. c) outflows exceeding inflows for a month. d) assets exceeding expenses. e) increased earnings on the job.
A decrease in net worth could be the result of inflows and outflows being equal for a month. Option B.
You can improve your net worth by increasing your assets, decreasing your liabilities, or a combination of both. Cash outflows include money spent on fixed assets and interest payments the business has to make on loans taken. A negative cash flow occurs when the cash outflow is greater than the cash inflow. This is not an ideal situation.
Equity is negative if total liabilities are higher than total assets. For example, a person's net worth is negative if their credit card bills, utility bills, mortgage outstanding, car loan bills, and student loans exceed the combined value of their cash and investments. will If a company ends up with less cash inflow than it has, it may eventually go bankrupt.
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agnes and mary clare, two elderly sisters, own an annuity covering both of their lives. the annuity pays benefits to them until the first sister dies, then the annuity terminates. agnes and mary clare own a(n)
An annuity covering both of their lives is owned by the two elderly sisters, agnes and mary clare. A joint life annuity is owned by agnes and mary clare.
An annuity that pays benefits or amounts to two joint annuitants while annuity they are both still alive is known as a joint life annuity. Once one of the two dies, it is redeemed.
Agnes and Mary therefore share a Joint life annuity.
If both holders pass away, the joint and survivor joint life annuity annuity pays out. Therefore, the one mentioned in the query statement is not this.
An annuity known as a combined life annuity is one that keeps paying until joint life annuity one of the annuitants passes away. Joint life annuities are frequently provided by life insurance companies as a annuity means of generating a fixed income for retirement years in the insurance setting.
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An annuity covering both of their lives is owned by the two elderly sisters, agnes and mary clare. A joint life annuity is owned by agnes and mary clare.
An annuity that pays benefits or amounts to two joint annuitants while annuity annuity they are both still alive is known as a joint life annuity. Once one of the two dies, it is redeemed.
Agnes and Mary therefore share a Joint life annuity.
If both holders pass away, the joint and survivor joint life annuity pays out. Therefore, the one mentioned in the query statement is not this.
An annuity known as a combined life annuity is one that keeps paying until joint life annuity one of the annuitants passes away. Joint life annuities are frequently provided by life insurance companies as a annuity means of generating a fixed income for retirement years in the insurance setting.
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Which inventory cost flow assumption is commonly used internally by companies that externally report under the lifo cost flow assumption?.
The FIFO inventory cost flow assumption is commonly used internally by companies that externally report under the LIFO cost flow assumption.
According to FIFO, the first items stored should be retrieved first. First-in, first-out, or "FIFO," refers to the practice of recording sales of the oldest inventory items first (but this does not necessarily mean that the exact oldest physical object has been tracked and sold). In other words, the expensed cost is the cost related to the inventory that was purchased initially.
What is FIFO and LIFO?
There are two accounting techniques known as FIFO and LIFO that are used to manage inventory and financial concerns regarding the amount of money a corporation must have locked up in inventory of finished goods, raw materials, parts, components, or feedstocks. They are used to control inventory cost estimates, stock repurchases (if made at a lower price), and numerous other accounting assumptions. Even if a corporation utilizes FIFO for inventory management, it may nevertheless use the LIFO approach for accounting (i.e., for the actual storage, shelving, and sale of its merchandise). For instance, a business that sells a lot of perishable goods, like a chain of supermarkets, is likely to manage its inventory using the FIFO approach to make sure that items with earlier expiration dates are sold before others with later expiration dates. This does not, however, prevent the same corporation from using the LIFO method to account for its goods.To learn more about FIFO and LIFO visit:https://brainly.com/question/24938626
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a ""perfectly competitive"" industry is one that all of the answers are correct. usually exhibits low profitability. has difficulty achieving even a temporary competitive advantage. has commodity product offerings.
A "perfectly competitive" industry is one that
-has commodity product offerings.
-usually exhibits low profitability.
-have difficulty achieving even a temporary competitive advantage.
What is perfectly competitive" industry?In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by a number of idealising conditions, which are referred to as perfect competition, or atomistic competition, as a whole.
According to economic theory, perfect competition arises when all businesses offer the same goods, the price is unaffected by market share, businesses can enter or quit the market without any obstacles, consumers have complete or perfect information, and businesses are unable to set prices.
Perfectly competitive markets don't exist in the actual world. The closest parallels, however, can be agricultural marketplaces with plenty of growers of comparable crops like mangoes or wheat. Street food vendors could serve as another illustration.
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Suppose the market for bottled water and the market for soft drinks both have large numbers of buyers and sellers. Which of these markets is likely to be more competitive?.
Both markets have the features of a competitive market however the market for water bottles would be more competitive since it is a standardized and identical good to the soft drink.
What Makes a Market Competitive?
Competitive markets, often known as perfectly competitive markets or markets with perfect competition, have three distinct characteristics.
A competitive market has a big number of customers and sellers who are little in comparison to the size of the market as a whole. Although the precise number of buyers and sellers needed to create a competitive market is unknown, one cannot expect any one buyer or seller to have a major impact on the market's dynamics.
Consider competitive markets as a collection of the little buyer and seller fish swimming around in a somewhat large pond.
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the project scope management knowledge area maps to which process group through the activities of scope validation and scope control?
The project scope management knowledge area maps to monitoring and controlling through the activities of scope validation and scope control.
The monitoring and regulating phase of project management is crucial because it aids in realigning operations with project objectives. The project monitoring and controlling phase also begin as soon as the project execution phase does. This concurrent stage allows teams to adjust course as needed while keeping the project on pace and in line with its original goals.
An ongoing project's progress, triumphs, and failures can all be monitored in real-time during the controlling phase of project management. To prevent some of the most typical project management problems, it's a crucial tool.
For example, extracting statistics on project progress can assist you to avoid making assumptions. Even with tried-and-true project planning methods, this may aid in locating a real-world issue.
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louvers, inc., accepted a $15,000, 180-day, 10 percent note from a customer on may 31. louvers plans to prepare financial statements as of june 30, the end of its fiscal year.
If on May 31, Louvers Inc. took a $15,000, 180-day, 10% note from a client. For Louvers, the required adjusting entry for June 30 will be to credit $125 in interest revenue and debit interest receivable is $125.
What is interest receivable?The amount of interest generated but unpaid in cash is known as interest receivable. Many businesses won't record this amount because they believe it to be irrelevant. The typical journal entry used to record interest receivable is a debit to the interest receivable account and a credit to the interest income account. When the real interest payment is received, the entry is a debit to the cash account and a credit to the interest receivable account, removing the balance in the interest receivable account.
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if real estate prices tumble such that wealth declines by $160, what will be the new level of consumption at the $680 billion level of disposable income?
Based on the fact that the real estate prices tumbled and caused the wealth to decline by $160, the new level of consumption at $680 billion of disposable income will be $632.
How to find the new level of consumption?Every $10 change in wealth leads to a $2 change in consumption as shown by the table.
This means that consumption changes by:
= 2/10
= 20%
If there is a decline in wealth by $160, the change in consumption would be:
= 160 x 20%
= $32
At a disposable income level of $680 billion, the consumption is $664 billion. This leads to consumption being:
= 664 - 32
= $632
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A cost that can be traced directly to a specific segment should be charged directly to that segment and not allocated to other segments.
a. True
b. False
True, because these costs cannot be allocated to other segments.
The definition of direct costs are costs that can be charged directly to cost objects or products. Direct costs are costs incurred, the only cause of which is because something is being financed. If something that is financed does not exist, then direct costs will not occur.
Examples of direct costs are direct materials (raw materials), wages of workers who are directly involved in the production process of goods at the factory, advertising, transportation costs, and so on.
For example, a company that wants to design a new building needs to hire a project manager to oversee the construction of the building. Project manager salaries are included in direct costs. Examples of direct costs: costs of gravel, sand, cement and wages incurred in the production of concrete.
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If a company mistakenly counts less items during a physical inventory than actually exist, how will the error affect the cost of merchandise sold?.
On a company's balance sheet, inventory is normally reported as an asset at cost. The cost of inventory is recorded as the cost of products sold on the income statement when inventory is sold to customers.
A balance sheet asset or liability is inventory?
Both the products that are on hand for sale and the raw materials required to make those products are considered inventory. On the balance sheet of an organization, it is categorized as a current asset.
whenever inventory is accounted for at cost on the balance sheet?
When valuing a company's inventory, the lower of cost or market (LCM) technique stipulates that it is recorded on the balance sheet at either the historical cost or the market value. The cost at which the inventory was originally purchased is referred to as historical cost.
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Charlie is recently retired and set in her ways. When she finds a product she likes, she tends to stick with it, even after stores stop carrying it. She is curious about new electronic gadgets and digital apps but does not know a lot about them. Charlie falls into the ________ category.
She is curious about new electronic gadgets and digital apps but does not know a lot about them. Charlie falls into the laggard category.
What is laggard category?Laggard category can be defined as the way in which a person is often always the person that his left behind or when a person is to slow to understand or respond to something.
Based on the scenario she is laggard category because despite always been curious about a new product she does have enough information about them.
Therefore we can conclude that charlie is in a laggard category.
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What is the population doubling time in years for a country with an annual growth rate of 3. 5 percent?.
An investment's "doubling time" is the period of time during which it doubles its original value. In terms of GDP, the doubling time is the period of time during which the GDP, at its current growth rate, will have doubled.
The doubling time at r% is T = 70/ r according to the rule of 70.
70 /3.5 = 20 years
The Rule of 70: What Is It?
By using the rule of 70, you may determine how many years it will take for your money or an investment to double. According to a given rate of return, the rule of 70 calculates how many years it will take for your money to double. The formula is frequently applied to compare investments with various yearly compound interest rates in order to rapidly estimate how long an investment would take to increase. Double-time is another name for the rule of 70.
Methods for Applying the Rule of 70
Identify the investment's or variable's yearly rate of return or growth.
Subtract 70 from the yield or growth rate every year.
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Polani was giving ahmed directions to her house. She told him to turn right at the gas station, and then go straight for three lights. He was then supposed to turn left at the fast-food restaurant. What is polani using to help ahmed recall the directions to her house?.
Based on the fact that Polani was using the gas station, lights, and the fast-food restaurants, the factor used to help Ahmed recall the directions were landmarks.
How to direct with landmarks?Directing a person with landmarks is one of the best and most effective ways to direct people. This is because landmarks are easily noticeable and so can be used as markers to help a person to navigate across town and reach their destination.
Polani used the landmarks, the gas station, street lights, and the fast-food restaurant. Getting to each of these places is easy because it is noticeable so Polani used landmarks to help Ahmed.
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Which of the following pairs of goods are most likely to have a cross-price elasticity of demand that is greater than zero?
Apples and bananas
Gasoline and cars
Shoes and shoelaces
Pizza and bread sticks
When the price of one of the items varies, the cross elasticity of demand analyses the link between the two. The answer is Apples and Bananas.
The effect of pricing these other products is helped to be determined by cross elasticity of demand. When one of the goods' prices changes, it assesses the link between them. This is accomplished by tracking the rise or fall in demand for a product in response to a change in the price of another product.
Items that have a coefficient of 0 are unrelated and independent from one another. Items may be weak replacements if the demand elasticity for the two things is positive but low.
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What are the three types of money you should use when paying for college, and what type of money are scholarships and grants?.
Loans, grants, and work-study are the three categories of federal financial aid.
Grants are typically offered based on financial need, whereas scholarships are merit-based and given to students based on their academic performance, extracurricular involvement, field of study, and other factors.
Financial aid is cash that you are given or lent in order to help you pay for college. Financial aid that you don't have to pay back includes grants and scholarships. They are known as gift aid because of this.
Some college finance methods are:
Try to get a scholarship. Obtain a college grant by applying. Like scholarships, grants for college are based on financial need and are not repaid.Federal student loans and private student loans.Work study programmes at colleges.To know more about college scholarship refer to the given link:
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a business plan is a document that outlines ______.
A business plan is a detailed document that details the aims, operations, and finances of a company.
Finance is the study and practice of money, money-related instruments, and capital assets. It is a subfield of economics, which is the study of the creation, distribution, and use of money, property, goods, and services, but it is not the same thing (the discipline of financial economics bridges the two). The field of finance can be loosely classified into personal, corporate, and public finance since finance activities occur in financial systems at various scales.
Assets, such as currencies, loans, bonds, shares, stocks, options, futures, etc., are bought, sold, or traded as financial instruments in a financial system. To enhance value and reduce loss, assets can also be invested in, insured, and banked. Risks are, in fact, a constant in all financial transactions and companies.
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derek purchases a small business from art on july 30, 2021. he paid the following amounts for the business: fixed assets $180,000 goodwill 40,000 covenant not to compete 30,000 total $250,000 question content area a. how much of the $250,000 purchase price is for section 197 intangible assets? $ fill in the blank 404312fdd03e05f 1 question content area b. what amount can derek deduct on his 2021 tax return as section 197 intangible amortization? use months, not days, in your computations. round your answer to the nearest dollar. $ fill in the blank 89e41500dfa906a 1
a. The amount from $250,000 purchase price that is for section 197 intangible assets is $70000.
b. The amount that Derek deduct on his 2021 tax return as section 197 intangible amortization is $2,333
What is an intangible asset?An intangible asset is one that does not have physical substance. Patents, copyright, franchises, goodwill, trademarks, and trade names, as well as software, are examples. This contrasts with physical and financial assets. An intangible asset is a distinct non-monetary item that lacks physical substance.
From the $250,000 purchase price the intangible assets for sec 197 are
Goodwill = $40,000
Covenant not to compete=$30,000
Total = $40000 + $30000 = $70,000
b) As per sec 197 these intangibles need to be amortized over a period of 15 years beginning from the date of acquisition irrespective of the useful life.
So amortization,
= 70,000/15=$ 4667 yearly
Since 2019 starting from 1st July to 31st Dec 2019
= 4667*6/12= $2,333
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