The preparation of consolidated financial statements is carried out on the books of the parent entity and the consolidated financial statements present the financial information of multiple legal entities as if they were a single economic entity.
Consolidated financial statements are a critical aspect of accounting that report the financial performance of multiple legal entities as if they were a single entity.
Statement i. The consolidating process is carried out on the books of the parent entity.
This statement is correct. The parent entity, also known as the holding company, is responsible for the consolidation process. The parent entity consolidates the financial information of the subsidiary companies by eliminating intercompany transactions and balances to present a single economic entity.
Statement ii. The consolidated financial statements report two or more legal entities as though they are a single economic entity.
This statement is also correct. The purpose of consolidated financial statements is to provide stakeholders with a complete picture of the financial health of the parent and subsidiary companies, which helps in decision-making.
In conclusion, both statements i and ii are correct.
To know more about financial statements here.
https://brainly.com/question/14951563
#SPJ4
The following are the trial balance and other information related to Soft Tech, a consulting engineer. Soft Tech, Consulting Engineer Trial Balance December 31, 2022 Debit Credit Cash Br. 59,000 Accounts Receivable 99,200 Allowance for Doubtful Accounts Br. 1,500 Supplies 3,920 Prepaid Insurance 2,200 Equipment 50,000 Accumulated Depreciation—Equipment 12,500 Notes Payable 14,400 Share, Capital 104,020 Dividend 34,000 Service Revenue 200,000 Rent Expense 19,500 Salaries and Wages Expense 61,000 Utilities Expense 2,160 Office Expense 1,440 Br. 332,420 Br. 332,420 Other data: 1. Fees received in advance from clients Br.12,000. 2. Services performed for clients that were not recorded by December 31, Br.9,800. 3. Bad debt expense for the year is Br.2,860. 4. Insurance expired during the year Br.960. 5. Equipment is being depreciated at 10% per year. 6. Fine Tech gave the bank a 90-day, 10% note for Br.14,400 on December 1, 2022. 7. Rent of the building is Br.1,500 per month. The rent for 2022 has been paid, as has that for January 2023. 8. Salaries and wages earned but unpaid December 31, 2022, Br.5,020.
Any corporate entity's periodic closing process includes recording adjusting journal entries. The procedure makes sure that the unreimbursed yet incurred costs are recorded in the books.
What is Adjusting Closing Entries ?Income taxes and salaries during the final week of the year are typically not paid, but they must be accounted for as expenses. Adjustments are categorised as expenses and acknowledge the utilised share of prepayments or advances.
It must be established whether revenues received in advance from consumers or clients are liabilities or revenues. Poor bookkeeping results in incorrect financial statements, which can seriously harm a company's operations and reputation.
a. Adjusting Entries
Unearned Service Revenue:
Debit Service Revenue 12,000
Credit Unearned Service Revenue 12,000
Accrued Salaries and Wages:
Debit Salaries and Wages Expense 5,020
Credit Salaries Payable 5,020
Depreciation Expense:
Debit Depreciation Expense 5,000
Credit Accumulated Depreciation—Equipment 5,000
(Calculation: 50,000 x 10% = 5,000)
Supplies Expense:
Debit Supplies Expense 3,920
Credit Supplies 3,920
Insurance Expense:
Debit Insurance Expense 960
Credit Prepaid Insurance 960
Bad Debt Expense:
Debit Allowance for Doubtful Accounts 2,860
Credit Bad Debt Expense 2,860
Revenue Recognition:
Debit Unearned Service Revenue 9,800
Credit Service Revenue 9,800
Learn more about Trial Balance here
https://brainly.com/question/22714440
#SPJ1
What are 3 of the stages in Books review?
Answer: 3 stages in book reviews is being able to describe the introduction of a book. Describing the climax, body, and message of the book. And being able to describe the conclusion of the given book.
One key Elements in book review is also being able to describe the given book at a proficient level.
Which of the following represents an event that is less routine when accounting for long-term assets?
A. changing the estimated useful life of an asset
B. recording an asset purchase
C. recording depreciation on an asset
D. recording accumulated depreciation for an asset or asset category
D. recording accumulated depreciation for an asset or asset category.
The expected decline in the valuation of fixed assets over course of a fiscal year is known as depreciation. For tangible items like residential housing, industry, vehicles, and so on, large lump-sum buys are made.
Straight lines, twofold dropping, years' digits totaling, and units of manufacturing are the four fundamental depreciation methods. Each method is applied to different companies and asset classes.
To calculate degradation using the straight-line method, decrease the asset's cost from its replacement cost (what you believe it will be worth at the end of its service life. The result, also known as the salvage value basis, is the percentage that can be discounted. The asset's usage, which is expressed in years, is deducted from this amount.
Learn more about depreciation here;
https://brainly.com/question/15085226
#SPJ4
A software developer has a new idea for a mobile application that will enable blind individuals to identify the denomination of paper currency. Which of the following may prevent the developer from charging a premium price?
a) Threat of potential entrants
b) Loss of purchasing power of suppliers
c) Lack of economies of scale
d) Absence of opportunity of complements
A software developer has an innovative concept for a mobile application that would allow blind people to recognise the denomination of paper money. The developer can decide against setting a high price because of the threat of competitors.
The practise of maintaining a product or service's price artificially high in order to promote good opinions among customers, based only on the price, is known as premium pricing (also known as image pricing or prestige pricing).
The term "premium" describes a group of a company's brands, goods, or services that are in the upper mid- to high price range and have real or perceived surplus value.
To know more about premium price click here
brainly.com/question/15501895
#SPJ4
an investor is considering municipal bond swap. all of the following should be considered when determining whether a municipal bond tax swap will result ina wash sale except
The cost basis and holding period of the bonds being sold and the new bonds being acquired. The tax implications of the sale and swap, including capital gains taxes and any state or local taxes. The credit rating and financial stability of the issuing municipality.
What is the current market value of the bond and how does it compare to the original purchase price?The current market value of the bond is the current price at which the bond is trading in the market. To determine if a swap would result in a wash sale, it is important to compare the current market value to the original purchase price. If the current market value is lower than the original purchase price, swapping the bond could result in a loss, which could trigger a wash sale. On the other hand, if the current market value is higher, swapping the bond could result in a gain, which would not trigger a wash sale. It is important to consider the current market value and the original purchase price when making a decision about a municipal bond swap.
To know more about Local Taxes visit: https://brainly.com/question/15876477
#SPJ4
If an action performed in a particular moment was done to produce net utility, but later on caused more harm than good, a proponent of actual consequence utility would consider it
A supporter of real consequence utility would regard an activity to be immoral if it was taken in a particular situation with the intention of producing net utility but ultimately resulted in more damage than benefit.
What concrete examples of consequentialism can you provide?The consequentialist ethical theory holds that decisions about what is right or wrong to do should be made in light of the consequences of those decisions. For instance, the majority of people agree that lying is wrong. However, consequentialism maintains that it is morally right to tell a lie if doing so will assist save someone's life.
What school of ethics maintains that an action's effects must serve the greater good or the greatest happiness for the majority of people?Utilitarianism is an ethical theory that establishes right from wrong by placing a strong emphasis on outcomes. It represents consequentialism in some sense. Utilitarianism holds that the ethically correct action is the one that will produce the most good for the greatest number of people.
Learn more about Utilitarianism: https://brainly.com/question/29313132
#SPJ4
Supplementary disclosures required by GAAP that help explain details behind the accounting treatment of certain items in the financial statements is most likely found in which of the following sections of a corporate annual report?
Report of Independent Accountants
Notes to Financial Statements
Income Statement
Balance Sheet
Notes to Financial Statements . Supplemental disclosures required by GAAP are often contained in the Notes to Financial Statements of a corporate annual report.
In order to further clarify the accounting treatment of specific items, corporations sometimes include supplemental disclosures in their financial statements. According to generally accepted accounting principles (GAAP) , a company's annual report must contain certain disclosures in the Notes to Financial Statements section. Supplemental disclosures are made to give interested parties a clearer, more thorough understanding of the financial facts being given .In addition to information on noteworthy transactions or events that have had an impact on the financial statements, they may contain information on a company's accounting principles, procedures, estimates, and assumptions.
Learn more about Supplementary disclosures here:
https://brainly.com/question/29535798
#SPJ4
if a transferor is concerned about shielding his assets from a creditor, which of the following transfer techniques should he utilize? he should create a testamentary bypass trust. he should transfer his assets to an utma for his minor child. he should transfer his assets to a section 2503(c) minor's trust and name an independent trustee. he should execute a payable on death designation on his bank account.
If a transferor is concerned about shielding his assets from a creditor, (A) he should create a testamentary bypass trust. So that the asset will safe because there is an agreement letter.
In economic and business, A bypass trust or also known as AB trust, generally can be defined as a legal arrangement that allows married couples to avoid estate tax on certain assets when one spouse passes away. Based on the, bypass trust or also known as AB trust, When one spouse dies, the estate's assets are split into two separate trusts. Bypass trusts are used in the United States as a legitimate tool to circumvent gift tax, and to minimize taxation of assets upon death of a married couple.
Here you can learn more about transferor https://brainly.com/question/13894937
#SPJ4
Which of the following are prospective financial statements upon which an accountant may appropriately report for general use?A. Pro forma financial statements.B. Financial projections.C. Partial presentations.D. Financial forecasts.
Financial forecasts are prospective financial statements upon which an accountant may appropriately report for general use.
Which of the following kinds of attestation assignments is permissible for an accountant to carry out in relation to upcoming financial statements?Agreed processes, exams, and compilations are the three main kinds of attestation engagements that an accountant may carry out in conjunction with anticipated financial statements.
What two categories of financial statements are prospective?Potentially useful financial data can take the shape of a forecast, a projection, or a mix of the two. For instance, a one-year forecast combined with a five-year projection.
To know more about financial statements visit:
https://brainly.com/question/14951563
#SPJ4
ndifference map for goods X and Y plus three budget lines. The consumer's income is $120, and the price of Good Y is $12. Each budget line is based on a different price for Good X.
Part 2
The price of Good X is $12 along budget line , $20 along budget line and $
enter your response here along . (Enter your response as an integer.)
Part 3
The line that goes through points A, B and C is called the
▼
.
Part 4
Based on the slope of the price-consumption curve, goods X and Y are
▼
Economists examine what customers can afford to buy in order to comprehend how households make decisions.
What is Budget Line ?To achieve this, we must map out the consumer's financial restrictions. The quantity of one good is measured on the horizontal axis while the quantity of the other good is measured on the vertical axis when there is a budgetary restriction.
The several combinations of the two commodities that the consumer can afford are displayed by the budget restriction. Think about José's circumstance, as depicted in Figure 6.1a. José enjoys amassing T-shirts and movies.
We now know that José must make a purchase depending on his choices at some point along the budget line. Keep in mind that every location along the budget line is doable.
Learn more about Budget line here
https://brainly.com/question/27052188
#SPJ1
low level protocols are written in binary while high level protocols are written in hexadecimal. high level protocols take into account specific implementation details of lower level protocols to ensure they are compatible. low level protocols can provide functionality to high level protocols without revealing the details of how this is accomplished. high level protocols can take on the role of a low level protocol in the event of failure in the system.
The best following to describes how protocols on the Internet (e.g. IP, TCP, HTTP) make use of abstraction to accomplish their respective purposes is B. Low level protocols can provide functionality to high level protocols without revealing the details of how this is accomplished.
In computer and networking, a protocol generally can be described as a set of rules for formatting and processing data. Network protocols in computer and technology generally can be defined as a common language for computers. The impact of using protocols enables software on a computer to communicate with each other regardless, The computers within a network may use vastly different software and hardware.
The question above is incomplete, the complete question is:
Which of the following BEST describes how protocols on the Internet (e.g. IP, TCP, HTTP) make use of abstraction to accomplish their respective purposes?
A. High level protocols take into account specific implementation details of lower level protocols to ensure they are compatible.
B. Low level protocols can provide functionality to high level protocols without revealing the details of how this is accomplished.
C. Low level protocols are written in binary while high level protocols are written in hexadecimal.
D. High level protocols can take on the role of a low level protocol in the event of failure in the system.
Here you can learn more about protocol https://brainly.com/question/27581708
#SPJ4
An attorney was sued by a client for malpractice. The client obtained a judgment against the attorney and, by filing the judgment in the county in which the attorney rented an office, created a lien that was valid against any real property then owned or subsequently acquired by the attorney for up to 10 years. Three years later, the attorney purchased a residence in the same county. The attorney financed the purchase with a loan from a bank, which was secured by a mortgage on the residence. Two years later, the attorney failed to make the required mortgage payments. The bank initiated foreclosure proceedings, joining the client as a party. The jurisdiction has adopted the following statute: "No conveyance or mortgage of real property shall be good against subsequent purchasers for value and without notice unless the same be recorded according to law." In addition, the jurisdiction treats a mortgage as a lien against the real property. Who has priority to the proceeds from the foreclosure sale?
Due to the fact that the mortgage was a purchase money mortgage, the bank had priority over the proceeds of the foreclosure auction.
Purchase money loans are given priority, right?At the same moment that real estate is purchased, transferred, and put to use as security for a purchase money mortgage. (a) Purchase money mortgages are given priority over all other liens or claims, regardless of how old they may be, that are made against the property through the mortgagor.
Why is the priority of a mortgage important to a mortgage lender?The priority becomes a source of concern when there are insufficient funds to fully repay all of the lenders. The lender with the greatest priority will often be entitled to receive the entire selling proceeds as payback before the lenders with lower priorities receive anything, but this is not always the case.
Learn more about purchase money mortgage: https://brainly.com/question/28222451
#SPJ4
in the world of finance, gaap is used mainly because . a. Allows certain credit balances to be recorded in financial reports
b. Is a way to standardize accounting procedures
c. Extensively tested on CPA examination
d. Allows certain computer programs
Option B is correct. To standardize accounting procedures and improve comparability of financial statements across different organizations.
What is GAAP?A collection of rules for financial reporting in the United States is known as GAAP, or generally accepted accounting principles. It offers a framework for preparing financial statements and is based on a collection of accounting guidelines and standards that the Financial Accounting Standards Board (FASB) and its predecessor organizations have created throughout time.
The goal of GAAP is to guarantee that financial statements present data that is trustworthy, pertinent, and comparable. This makes it possible for stakeholders, including creditors, investors, and regulatory bodies, to make defensible conclusions about a company's financial performance and state.
GAAP specifies rules for disclosing data that is crucial to the use of financial statements, as well as standards for recognizing, measuring, and presenting financial information. Among other things, the historical cost concept, the revenue recognition principle, and the matching principle are some of the GAAP tenets.
To know more about GAAP visit:
https://brainly.com/question/17895474
#SPJ4
Explain the purpose of a general journal in accounting and give at least two examples of transactions that may be recorded in this journal.
A general journal is a book of raw business transactions recorded in chronological order by date.
General journal typically contain information about things like cash receipt and payment.In addition,they can also contain inventory,balances,purchases and sales.
•Cash receipt: A cash receipt is a proof of purchase issued when the buyer has paid in cash.
p•Payments:
Payment is the transfer of money, goods, or services in exchange for goods and services in acceptable proportions that have been previously agreed upon by all parties involved.
•Inventory:Inventory refers to all the items, goods, merchandise, and materials held by a business for selling in the market to earn a profit.
•Balance:Balance gives insights into a company and its operations. It reveals a company's liabilities, assets, and owners' equity net worth.
•Purchase and sales:Purchase is a process through which a person gets the ownership of some goods or properties transferred in his name from another, on payment of money. Similarly, sale is a process through which the ownership of some goods or properties is transferred from one person (seller) to another person (buyer), for a price.
Duration is a measure of __________________.
A) yield to maturity of a bond.
B) coupon rate of a bond
C) price of a bond
D) effective maturity of a bond
Duration is a measure of effective maturity of a bond. Hence, option D is correct.
What is the maturity of a bond?The date a bond's principal and interest are repaid is referred to as its maturity. A 10-year bond, for instance, will mature in 10 years, at which point the holder will get the principal. The term "time to maturity" is also frequently used by investors to describe how much time will pass before a bond matures.
A Series I savings bond requires you to hold off on receiving the full amount until you redeem the bond. I bonding in electronics If you haven't cashed the bond before it matures, we pay automatically. Paper I bonds: In order to cash a paper bond, it must be presented.
Thus, option D is correct.
For more information about maturity of a bond, click here
https://brainly.com/question/14644574
#SPJ1
which of the following is not an accurate characterization of ecological and/or environmental economics? group of answer choices environmental economic thinking assumes that everything is divisible into parts and divides nature into separate ecosystem services, but in ecological economics, the emphasis is on interconnections between the economy and nature ecological economics sees the environment as a subsystem of the economy, whereas environmental economics assumes that the economy is operating within the environmental system in environmental economics, society is considered the sum of the individuals, but ecological economics assumes that society is a complex system with its own needs in ecological economics, markets can be part of the solution to environmental problems, but so should be regulations on markets, prohibitions, and education
The answer is, society is considered the sum of the individuals, but ecological economics assumes that society is a complex system with its own needs in ecological economics, markets can be part of the solution to environmental problems is not an accurate characterization of ecological and/or environmental economics.
What does economics fundamentally mean?Economics is the study of scarcity and its effects on the use of resources, the production of products and services, the growth of production and welfare through time, and a wide range of other complicated issues of essential significance to society.
What qualities distinguish good economics?A successful economist must be able to apply economic theory to produce forecasts and hypotheses, analyze data to statistically answer questions, and effectively communicate findings to a broad (non-economist) audience. These three abilities are crucial to the profession.
To know more about Economics visit:
https://brainly.com/question/1018610
#SPJ4
Which of the following primary value chain activities induce buyers to purchase a product and provide a means for them to do so?A inbound logisticsB sales and marketingC outbound logisticsD operations/management
Option (b) sales and marketing primary value chain activities induce buyers to purchase a product and provide .
Sales and marketing are critical components of any business. They are inextricably linked and serve as a catalyst for revenue generation (profit). While marketing is concerned with increasing awareness of a brand or organisation, sales convert that viewership into profits by converting potential customers into actual customers.
Both sales and marketing aim to generate revenue for a company. However, marketing is primarily concerned with long-term objectives, whereas sales is concerned with the short term. Sales departments typically operate on strict timetables, whereas marketing objectives are frequently intangible
learn more about Sales and marketing
https://brainly.com/question/20642398
#SPJ4
the clean-o company makes a cleanser for the hospital and nursing home market that is guaranteed to kill 99 percent of staphylococcus germs, a major concern for medical facilities. unlike other companies, clean-o is not interested in pursuing the consumer market. in this case, clean-o has adopted a orientation. -market
-mass customization
-differentiation
-relationship
-product
Differentiation is what clearly distinguishes your products from those of competitors in the minds of customers.
What is the product?The object being sold is referred to as a product. A service or an object both qualify as products. It could take on a physical, virtual, or cyber form. Every product has a cost associated with it, and each one has a price.
The trait or characteristics that set your product or service apart from your target market are known as product differentiation. It helps you set yourself apart from your competition and boosts brand loyalty, sales, and growth.
Therefore, Thus option (B) is correct.
Learn more about products here.
https://brainly.com/question/22852400
#SPJ1
Which of the following events can create the most significant shift in the demand curve?
when the quantity demanded varies in agreement with the initial demand connection and the price of goods changes.
Why does demand matter?The link between the supply and demand is crucial because it helps to establish the costs and availability of the majority of goods and services in a given market. The interplay between and demand eventually balances out in accordance with the tenets of a market economy.
Who invented the term "demand"?Although Sir James Steuart coined the phrase "basic economics" in his 1796 book Inquiry into Political Economy Principles Economy, numerous other academics and intellectuals, including Adam Smith, John Stuart mill, Alfred Lord, and Ibn Taymiyyah, are credited with studying the theory's roots.
To know more about demand visit:
https://brainly.com/question/29761926
#SPJ1
company dept. a dept b. predetermined overhead rate per direct labor hour $2.10 $2.40 $1.80 direct labor hours hours worked on job abc 40 18 22 based on this information, the overhead applied to job abc using multiple predetermined overhead rates is $
The overhead applied to job abc using multiple predetermined overhead rates is $167.80.
Multiple predetermined overhead rates are used to allocate overhead costs to different jobs based on how they use resources.
In this case, there are three departments - Department A, Department B and a company department, and each has a predetermined overhead rate per direct labor hour.
The direct labor hours worked on Job ABC are 40 for Department A, 18 for Department B and 22 for the company department. The predetermined overhead rate for Department A is $2.10 per direct labor hour, for Department B it is $2.40 per direct labor hour and for the company department it is $1.80 per direct labor hour.
To calculate the overhead applied to Job ABC, we multiply the direct labor hours worked in each department by the corresponding predetermined overhead rate.
For Department A:
40 direct labor hours * $2.10 per direct labor hour = $84
For Department B:
18 direct labor hours * $2.40 per direct labor hour = $43.20
For the company department:
22 direct labor hours * $1.80 per direct labor hour = $39.60
The total overhead applied to Job ABC is
=> $84 + $43.20 + $39.60 = $167.80.
To know more about predetermined overhead rate here.
https://brainly.com/question/15263327
#SPJ4
Which of the following HRM practices involves helping employees understand how their jobs contribute to the finished product? Work Design
The HRM practices involve helping employees understand how their jobs contribute to the finished product is work design. Hence, the correct option is (A).
What Is Work Design?Human Resource Management (HRM) is one of the divisions in a company that deals with labor relations, such as recruiting, hiring, deploying, and managing an organization's employees. In addition, HRM is also responsible for providing training to the workforce so that they can be skilled and have abilities according to company standards. One form of training provided by HRM is work design where HRM explains to the workforce about the contribution of their work to the final or finished product of the company. This is considered to be able to increase the work motivation of the workforce and also provide as detailed information as possible regarding the tasks of the workforce.
The question is incomplete, but most probably your question was:
The HRM practices involve helping employees understand how their jobs contribute to the finished product is
A) Work Design
B) Performance management
C) Training
D) Staffing
E) Compensation
Learn more about HRM at https://brainly.com/question/14419086
#SPJ4
3. There are alternate methods of dispute resolution to avoid a trial. Explain below which option is best in each circumstance below and why.
The importance of alternate methods of dispute resolution which helps in avoiding trial is that the through ADR, parties are generally more satisfied because they may directly participate in working out the terms of their settlement.
Why is alternate methods of dispute resolution important in avoiding a trial?Any method of resolving disputes other than through litigation is referred to as alternative dispute resolution. Its encompasses all conflict resolution processes and techniques that take place outside of any governmental authority. The most well-known ADR methods are mediation, arbitration, conciliation, negotiation, and transaction.
All ADR methods share the ability for parties to find admissible solutions to their conflicts outside of traditional legal/court proceedings, but they are governed by different rules. For example, in negotiation, no third party intervenes to help the parties reach an agreement, as opposed to mediation and conciliation, where the third party's purpose is to promote an amicable agreement between the parties.
Read more about ADR
brainly.com/question/23842872
#SPJ1
My debit card just arrived and before activating it I want to know if it’s going to charge $12 monthly if I will have only a $0 balance for about 2 months. Thanks.
Answer: you can use a debit card at an ATM to withdraw cash from a checking account, or to pay for goods and services at businesses that accept your bank’s card type.
Explanation: You can use a debit card at an ATM to withdraw cash from a checking account
One of the most important and productive
methods to identify job opportunities is by
a. networking with family and friends
b. posting a "Seeking Employment" ad at
the grocery store
c. trying to call Human Resource offices
directly
d. checking the Help Wanted section of the
newspaper daily
One of the most important and productive methods to identify job opportunities is by networking with family and friends. The Option A is correct.
What is the advantage of networking with family and friends?It is all about developing long-term relationships and a positive reputation over time. It entails meeting and getting to know people who can help you and who may be able to help you in return.
Friends and family, work colleagues, business connections, your social network, and members of groups to which you belong are all part of your network. Regular networking within your industry and discipline can help you advance in your career.
It is advantageous to cultivate relationships with your contacts. You can improve your professional profile and gain access to more opportunities, as well as work through industry challenges and gain satisfaction from assisting and connecting others in your network.
Read more about networking
brainly.com/question/20535662
#SPJ1
Samara conscientiously strives to achieve both efficiency and effectiveness for her company. She carefully plans, organizes, leads, and controls her company resources, including her employees. Samara is
Samara conscientiously strives to achieve both efficiency and effectiveness for her company. She carefully plans, organizes, leads, and controls her company resources, including her employees. Samara is Managing
Hence, option (d) is correct choice.
The practice of guiding and controlling resources (people, cash, materials, etc.) to achieve certain goals and objectives is referred to as management. It entails organizing, leading, and regulating people's activities to achieve desired goals. Good communication, decision-making, and problem-solving abilities are required for effective management.
a. Incorrect: Concerns collaboration between two or more members.
b. Incorrect: This is correct if Samara assigns tasks to her subordinates.
c. Incorrect: This is correct if Samara takes chances to gain further growth and makes decisions without consulting others.
d. Correct: She organizes, plans, leads, and controls. These are characteristics of a manager.
For more questions on Managing
https://brainly.com/question/1276995
#SPJ4
The complete question may be:
Samara conscientiously strives to achieve both efficiency and effectiveness for her company. She carefully plans, organizes, leads, and controls her company resources, including her employees. Samara is
developing synergy.
delegating.
entrepreneurship.
managing.
The X-Corporation produces a good (called X) that is a normal good. Its competitor, Y-Corp., makes a substitute good that it markets under the name “Y. ”
Good Y is an inferior good.
a. How will the demand for good X change if consumer incomes increase?
b. How will the demand for good Y change if consumer incomes decrease?
c. How will the demand for good X change if the price of good Y decreases?
d. Is good Y a lower-quality product than good X? Explain.
When the income of the consumer decreases, this will decrease the demand for good X.
What happens to demand when consumer income decreases?The income impact describes how consumer demand for products and services changes as a function of income. In general, people will start to desire more items as their money increases. In a similar vein, falling income leads to falling demand.
Price changes for connected goods: Price rises or decreases for similar products may affect the demand for Product X. Typically, complements and alternatives are used to categorize these connected products. An increase in income will lead to a rise in demand for everyday products. When it comes to inferior items, an increase in income will lead to a decline in demand.
Learn more about demand, here:
https://brainly.com/question/29892538
#SPJ1
Jeremy issues 5,000 shares of common stock for $10 per share. Which of the following accounts are affected? a.Notes payable
b.Common stock
c.Revenue
d.Cash
Option (b) and (d), Jeremy issues 5,000 common shares at a price of $10 each. Cash accounts and Common Stock are both impacted.
What accounting factors affect common stock?Your business's balance sheet needs to be adjusted in two accounts to reflect the transactions that occur when stock is distributed by a corporation. The both cash account, as well as the stockholder's account, as well as the stockholder's account are impacted by stock difficulties. The issue of shares increases your equity in the company as a shareholder.
When common stock is issued, what happens to the cash?At the time of issuance, common stock is normally priced at fair value, which corresponds to the amount of money received. The par value value of the shares, if any, is deducted from any surplus above par value before the balance is allocated to additional paid-in capital.
Learn more about Common Stock: https://brainly.com/question/13762106
#SPJ4
Sonequn is a concert promoter who works for singer Beyoncé. She works very hard to make sure most of Beyoncé's concerts are sold out because she understands the concept of perishability, which means a. the production of the concert and the consumption of the concert by the fans cannot be separated so tickets must be sold. b. a high level of interaction will exist between the customers and the musicians, which makes the customers' presence necessary, c. because the concert is not tangible, customers will have a difficult time judging its quality in advance. d. that if the tickets are not sold, seats will remain empty and they can never be sold to anyone again for that specific concert
Since Sonequn understands the concept of perishability, which means that if the tickets are not sold, the seats will remain empty and will never be sold to anyone else for that specific concert again.
What is concept of perishability?The concept of perishability refers to the fact that businesses can only store and sell certain products or services for a limited time. Fresh produce, meats, and dairy products are examples of perishable goods.A perishable service is one that is only available for a limited time. In an ideal world, such a service would be consumed as soon as it was created. The service, unlike products, cannot be saved for later use. Airline flights, auto repair, theater entertainment, and manicures are examples of perishable services.Businesses value perishability because it influences sale prices, inventory levels, and marketing strategies for a given product. Businesses use customized tactics, such as dynamic pricing, to mitigate the negative effects of perishability on their operations.To learn more about perishability refer to :
https://brainly.com/question/15381639
#SPJ4
Classify each of the following costs as a product cost or period cost. If it is a product cost, classify it as direct (or indirect) materials, direct (or indirect) labor, or overhead.
A. Wheat used to make flour at General Mills. B. Sales commissions paid to sales personnel at Gap retail stores. C. Costs incurred by General Motors for automobile seats purchased from the Lear-Corporation. D. Insurance paid on the Target retail stores in Michigan. E. Insurance paid on the Target warehouse holding merchandise inventory. F. Bonus paid to all production employees of Chrysler Group at the end of a profitable fiscal year. G. Health care costs for the office workers at the headquarters of Johnson & Johnson Company H. Bolts used by Trek Bicycle Corporation to secure the bike parts to the frame.
Costs incurred in the creation of a good or service that is meant for sale are referred to as product costs. All additional production-related indirect costs are referred to as period costs.
B. Sales commissions paid to sales personnel at Gap retail stores.
In terms of sales pay, sales commission is important. It refers to the sum of money a salesperson makes as a result of the volume of sales they have generated. It's extra cash that frequently goes along with a regular paycheck. These incentives are frequently paid out in the form of commissions in the sales industry; these sums are provided on top of a regular income and are depending on the volume of sales that an employee is responsible for.
Although most businesses pay between 20 and 30% in sales commissions, rates can range from 5% to 50%. Independent or contracted workers are frequently involved.
Learn more about Cost.
https://brainly.com/question/14691274
#SPJ4
suppose a famous baseball player, jacob degrom, hires a high-school student to paint his house. which of the following is most likely true?
The option that is most likely TRUE is the opportunity cost of painting a house is higher for Jacob deGrom than for the high-school student.
What is the opportunity cost?Opportunity cost is the cost of an opportunity forgone, it is the benefit of the next best alternative that has to be given up to pursue a certain action. In this case, the opportunity cost of painting a house would be higher for Jacob deGrom as compared to the high school student.
This is because Jacob deGrom, being a famous baseball player, is likely to have other higher value opportunities such as training, playing games or endorsing products, etc. On the other hand, the high school student is less likely to have as many high value opportunities as Jacob deGrom and thus the opportunity cost of painting a house for them would be lower.
Learn more about opportunity cost from
https://brainly.com/question/481029
#SPJ1
