Answer:
c
Explanation:
On february 2, miles inc. Pays $800 to purchase a one-year insurance policy that will expire next year on january 31. Miles indicates this transaction in its books by recording an $800 reduction in cash and an $800 increase in expenses. Did miles make the proper accounting entries? why or why not?.
If on february 2, miles inc. Pays $800 to purchase a one-year insurance policy. No miles did not make the proper accounting entries.
Insurance policy can be defined as a coverage that help to cover cost incase of unforeseen circumstance.
Based on the scenario mile did not makes the proper accounting entries based on the following:
Prepaid insurance is not an expense but an asset.Hence, the company should have offset the decrease in cash of the amount of $800 and $800 increase in prepaid insurance into an asset account.Therefore miles did not make the proper accounting entries.
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Tara is interested in designing automated systems for a supply chain. which type of degree would she most likely need? select an answer: mechanical engineering packaging engineering computer science industrial engineering
Tara is interested in designing automated systems for a supply chain the type of degree would she most likely need is mechanical engineering.
What is mechanical engineering?Mechanical engineering is a branch of science that combines other Science subject such as physics and mathematics to manufacture important mechanical systems and product.
Therefore, Tara is interested in designing automated systems for a supply chain the type of degree would she most likely need is mechanical engineering.
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How is a mutual fund different than an index fund?
Answer:
Index funds are mutual funds, but instead of owning maybe twenty or fifty stocks, they own the entire market. (Or, if it's an index fund that tracks a specific portion of the market, they own that portion of the market:)
Colorado Corporation was organized at the beginning of the year, with the investment of $250,000 in cash by its stockholders. The company immediately purchased an office building for $300,000, paying $210,000 in cash and signing a three-year promissory note for the balance. Colorado signed a five-year, $60,000 promissory note at a local bank during the year and received cash in the same amount. During its first year, Colorado collected $93,970 from its customers. It paid $65,600 for inventory, $20,400 in salaries and wages, and another $3,100 in taxes. Colorado paid $5,600 in cash dividends.
Required:
1. Prepare a statement of cash flows for the year.
2. What does this statement tell you that an income statement does not?
Based on the given figures for Colorado Corporation, the statement of cash flows for the year would be:
Cash flow for Operating Activities
Cash from customers 93,970
Less:
Cash for inventory 65,600
Salaries and Wages 20,400
Taxes 3,100 ( 89,100)
Net Cash from Operating Activities 4,870
Cash flow from Investing Activities
Purchase of office building (210,000)
Net cash used for Investing Activities (210,000)
Cash flow from Financing Activities
Issuance of Common stock 250,000
Note Payable 60,000
Dividend payment (5,600)
Net cash from Financing Activities 304,400
Net increase in cash 99,270
Opening cash balance 0
Closing cash balance 99,270
What does the statement of cash flows show?It shows transactions that involve actual cash being spent or gained by the company.
This allows Colorado Corporation to know the actual amount of cash it has for operations.
An Income statement on the other hand, shows the transactions that a business gets involved in regardless of whether they involve actual cash or not. This means that it cannot show the actual amount of cash that a business has.
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Having just graduated with a degree in business, Brianna looks over several offers she has received from companies interested in her talents. She is specifically interested in the wage setup each company is offering. One wants her to manage a small store; this would be a salaried position. Another would have her working in a sales office on commission. The third is a spot in a paper company as an hourly sales manager. Brianna has been offered a chance to do per-project work for a retail company, but she would be an independent contractor. Compare and contrast these
Answer:She's just getting started financially and decides not to join her field's major professional association because she thinks it's not worth the annual fee.
Explanation:There u GO!!<3:)
In 2021, depending on the amounts of income and other tax information, some individuals may report their income on: a.Form 1041. b.Form 1120. c.Form 1040A. d.Form 1065. e.None of these choices are correct.
In 2021, depending on the amounts of income and other tax information, some individuals may report their income on Form 1040A.
What is Form 1040A?
Form 1040A is defined as a form that permits a person to claim a limited number of tax credits after calculated the amount of taxes, such as the child tax credit, child and dependent care expenses, the credit for the elderly or disabled, and education tax credits.
Some individuals may be required to file Form 1040A in 2021, based on their income and other tax information.
Therefore, option c is correct.
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Amani is the newly hired manager at MyCoffee, a global coffee roasting company. As part of her responsibilities, Amani often gives interviews to media outlets and speeches to community organizations. Amani is playing the role of a
Amani is playing the role of a spokesperson as she often gives interviews to media outlets and speeches to community organizations.
Who is a firm's spokesperson?This refers to an official that is for transmitting information about their organization and its goals to the people outside it.
Hence, in this case, she is playing the role of a spokesperson as she often gives interviews to media outlets and speeches to community organizations.
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Broadly defined, how many types of customers are there?.
When it comes to customers, there are different types but in a broad measure, there are 4 types of customers.
Which types of customers are there?There are four broad types of customers which include:
Value buyers. Relationship buyers. Price buyers. Mix of value and relationship buyers.As the names imply, buyers are motivated by various things with some being motivated by the relationship they have with the seller, and others being motivated by the price of goods.
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Question
in the evolution of the internet, which event occurred most recently?
a. e-commerce allows people to make transactions online.
b. email was invented.
c. web 2.0 replaced the world wide web.
d. arpanet was opened to the general public.
Answer: C
Explanation: Web 2.0 replaced the World Wide Web.
Software upgrade times (in minutes) are being evaluated. samples of five observations each have been taken, and the results are as listed.
sample
1 2 3 4 5 6
79.2 80.5 79.6 78.9 80.5 79.7 78.8 78.7 79.6 79.4 79.6 80.6 80.0 81.0 80.4 79.7 80.4 80.5 78.4 80.4 80.3 79.4 80.8 80.0 81.0 80.1 80.8 80.6 78.8 81.1
According to the information above, the average time of each sample is: Sample 1 = 79.7, Sample 2 = 79.2, Sample 3 = 80.3, Sample 4 = 79.8, Sample 5 = 80.3 and, Sample 6 = 80.2.
How to calculate the average time in minutes of each sample?To calculate the average time (in minutes) of each sample, we must add all the values and then divide the result by the number of values that we used, in this case the number five as shown below:
Sample 1 = 79.2 + 80.5 + 79.6 + 78.9 + 80.5 = 398.7398.7 ÷ 5 = 79.7Sample 2 = 79.7 + 78.8 + 78.7 + 79.6 + 79.4 = 396.2396.2 ÷ 5 = 79.2Sample 3 = 79.6 + 80.6 + 80.0 + 81.0 + 80.4 = 401.6401.6 ÷ 5 = 80.3Sample 4 = 79.7 + 80.4 + 80.5 + 78.4 + 80.4 = 399.4399.4 ÷ 5 = 79.8Sample 5 = 80.3 + 79.4 + 80.8 + 80.0 + 81.0 = 401.5401.5 ÷ 5 = 80.3Sample 6 = 80.1 + 80.8 + 80.6 + 78.8 + 81.1 = 401.4401.4 ÷ 5 = 80.2According to the above, it can be inferred that the samples that took the longest time are Sample 3 = 80.3, and Sample 5 = 80.3. On the other hand, the sample that took the least time was: Sample 2 = 79.2.
Note: This question is incomplete because there is some information missing. The question is:
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List and describe the 3 primary ways in which banks make
money available to consumers.
Answer:
Currently, the majority of large banks offer deposit accounts, lending, and limited financial advice to both demographics. Products offered at retail and commercial banks include checking and savings accounts, certificates of deposit (CDs), personal and mortgage loans, credit cards, and business banking accounts.
Banks earn money in three ways: They make money from what they call the spread, or the difference between the interest rate they pay for deposits and the interest rate they receive on the loans they make. They earn interest on the securities they hold.
Functions of Commercial Banks: - Primary functions include accepting deposits, granting loans, advances, cash, credit, overdraft and discounting of bills. - Secondary functions include issuing letter of credit, undertaking safe custody of valuables, providing consumer finance, educational loans, etc.
Explanation:
Many financial service firms, IT firms, and health care companies are among the most active when it comes to________, which occurs when value chain activities are taken care of outside the home country of the firm.
Many financial service firms, IT firms, and health care companies are among the most active when it comes to Offshore outsourcing, which occurs when value chain activities are taken care of outside the home country of the firm.
What is Offshore Outsourcing?Offshore outsourcing is an act of hiring an external organization to run some business operation in another country.
Most financial firms, IT firms, and even health care companies are active when it comes to offshore outsourcing. They employ the services of another organization outside the country to run some operations.
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In addition to needs, what should you plan for first when
creating a budget?
Answer: recurring expenses
Explanation:
Wich of the following accounts is credited after the sale of a fully depreciated asset
Answer:
Relevant asset account is credited
the united states is considered to have a high standard of living because:
A. the most important sector's of its economy are agricultural
B. most of its citizens have access to necessities like food.
C. a large number of its citizens struggle to find good jobs.
D. its currency is no longer tied to precious metals like gold.
Answer:
B. most of its citizens have access to necessities like food.
A group of teens in your town meet and agree to charge a flat fee of five dollars per hour for babysitting. They charge the same rate no matter how many children there are, or when the service is needed. Then they divide areas of town on a map between them, agreeing to only serve customers within their respective areas. Within weeks they have gained most of the business in town, driving out other teens that cannot lower their rates. The babysitting market in your town has become
The babysitting market in the town has become an oligopoly.
What is an Oligopoly?An Oligopoly is an industry which is influenced by the firms.
In oligopoly, there are very few sellers and all are influenced by the behavior of the other sellers.
In this market, sellers deal in homogenous product.
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Answer: am oligopoly
Explanation: i got it right
The number of families receiving snap benefits grew most between . by 2012, about million families were receiving snap benefits.
The number of families receiving snap benefits grew most between 46 by 2012, about million families were receiving snap benefits.
What is snap benefit?Snap benefit which full meaning is Supplemental Nutrition Assistance Program can be defined as a federal government program that help to provides food for low income earners or people that cannot afford it.
By the end of 2012, about 46 million families were beneficiary of the SNAP program.
Therefore the number of families receiving snap benefits grew most between 46 million.
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Answer:
2008 to 2010
46 million families
Explanation:
Just did it :)
Information campaigns about tobacco hazards and taxes on tobacco are two ways to discourage its use. Which one causes a movement along the demand curve, without making changes to the demand curve itself
Information campaign on hazardous tobacco one causes a movement along the demand curve.
What is an information campaign?Information campaign's main motive is to provide the useful information to the people. The people in information campaign try to spread the awareness about the different things like save the girl child, equality above everything, say no to tobacco.
Thus, it is an Information campaign on hazardous tobacco.
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Which of these is a disadvantage of owning your own business?
A. You set your own rules, hours, and direction of your business.
B. You can work in the field you love best.
C. When your business makes money, you profit the most.
D. When your business loses money, you are responsible for the debt.
Answer:
D
Explanation:
If you own the business, and you experience a loss, you are responsible for the loss. The other answers are positive advantages
C. the "difference between growth and value shares involves a distinction based on book-to-market value. justify the low book-to-market ratios of growth shares versus high book-to-market ratios of value shares. (10 marks)
Answer:
Explanation:
C. the "difference between growth and value shares involves a distinction based on book-to-market value. justify the low book-to-market ratios of growth shares versus high book-to-market ratios of value shares. (10 marks)
Shonda wants to open a deli. She is worried that it won't be successful unless
it has a familiar brand name, so she pays for the rights to use the name and
logo of an existing deli company. What type of business is Shonda forming?
O A. A franchise
O B. A cooperative
O C. A partnership
O D. A corporation
If he pays for the rights to use the name and logo of an existing deli company. The type of business is Shonda forming is: A. A franchise.
What is franchise?Franchise can be defined as the way a person or a company is given the license or right to use a another company trade name or logo.
Based on the given scenario Shonda forming a franchise type of business because he was given the rights to use the name and logo of an existing deli company.
Therefore the type of business is Shonda forming is: A. A franchise.
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What is wrong with the following outline?
When teenagers give community service, they not only benefit the community but themselves.
Community service fulfills special needs in the community that might otherwise be neglected.
Volunteers often provide the only companionship that some of the elderly or disabled have because many people in nursing homes do not have family nearby.
Big Brother/Big Sister programs offer kids opportunities to learn, play, and socialize, which they would not otherwise have because of working parents.
Teenagers who perform community service benefit from the knowledge that they are making a difference.
Teenagers involved in neighborhood clean-up programs can see tangible evidence of how the clean streets and parks improve the community.
Teenage volunteers at food banks and soup kitchens are able to focus on the needs of others and see how they can fulfill those needs.
Many teenagers do not volunteer because they don't know how to get involved.
There are many resources that can help you find a service that's right for you.
The Internet is a great way to search for community service opportunities.
Your local community center or public library can be a good resource.
Ask teachers or parents how you can get involved.
There aren't enough main points.
There's nothing wrong with the outline.
There aren't enough subpoints for each main point.
There aren't enough supports for each subpoint.
Answer:
there are not enough subpoints for each main point
Answer:
B. There aren't enough subpoints for each main point.
Explanation:
The reason is that the outline has the main points which is good. But there isn't enough reasoning or smaller points to prove these main points.
smart manufacturing is achieved by instituting employee surveillance and monitoring.
For a manufacturing process to be smart instituting employee surveillance and monitoring is very important.
What is Smart Manufacturing?Smart Manufacturing also called CAD/CAM, computer aided design and computer aided manufacturing involves the integration of computer in the production of goods and services.
In recent times the concept of internet of things is being added to smart manufacturing for data collection
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A company is considering two capital investments. Each requires an initial investment of $15,000 and has a 4 year useful life. Investment A has expected cash inflows of $5,000 each year for the 4 years for total cash inflows of $20,000. Investment B has the following expected cash flows: Year 1: $8,000; Year 2: $6,000; Year 3: $4,000; Year 4: $2,000; Total cash flows: $20,000. Using the payback period as the evaluation method, which investment should be chosen by management
Based on the cashflows from each investment, the investment that should be chosen based on the payback period is Investment B.
What is the payback period for Investment A?This can be found as:
= Investment / Annual cash inflow
= 15,000 / 5,000
= 3 years
What is the payback period of Investment B?= Year before payback + Amount left to be paid / Cash inflow in year of payback
= 2 + (15,000 - 8,000 - 6,000) / 4,000
= 2 + 1,000 / 4,000
= 2.25 years
The company should pick Investment B as it pays back sooner than Investment A.
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Select the correct answer from each drop-down menu. when a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. businesses face because they must alter existing infrastructure to meet regulations. as a result, consumers pay for produced goods.
When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. Hence, Option A. is the answer.
What is the effect of government's regulations on worker safety and environmental protection?Environmental laws play a huge part in protecting humans, animals, resources, and habitats. Aside these laws, no regulations on pollution, contamination, hunting, or even response to disasters. Environmental law works to protect land, air, water, and soil.
Therefore, the correct answer is option A.
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Answer:
See image
Explanation:
Plato
When a manager has control over and is accountable for cost, profit or investments of an organization, it is called ________.
Answer:
it's called an responsibility center
There has been a relative _____ in employment to produce agricultural products in the US. At the same time, the US is producing _____ agricultural goods
There has been decline in employment to produce agricultural products even though the US is producing more agricultural goods.
What is employment?employment serves as the process of utilization of one skill so as to get paid in return.
In US, one of the department that brings money is agriculture which gives employment to more citizens.
Therefore, US are producing more agricultural products.
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Explain the process that economists use to conduct a cost benefit analysis (cbd)for a high speed rail
The economist uses the cost benefit analysis (cbd) for a high speed rail to determine the project benefit expected therein.
What is a cost-benefit analysis?This involves the tallying up all costs of a project and subtracting that amount from the total projected benefits of the project or decision.
Hence, the economist uses the cost benefit analysis (cbd) for a high speed rail to determine the project benefit expected therein.
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A company reports the following at year end: sales of $22,000; cost of goods sold $12,000; net income $6,000; average merchandise inventory $4,500. Inventory Turnover is calculated to be:
As per the given reports at year-end, the cost of goods sold is $12,000 and the average merchandise inventory is $4,500. The inventory turnover is 2.67.
What is inventory turnover?Inventory turnover refers to the measure of the number of times inventory is sold or used in a period.
The inventory turnover ratio is calculated by dividing the cost of goods sold and the average inventory. The inventory turnover is 2.67 (12,000/4,500).
Therefore, the inventory turnover ratio is 2.67.
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Aslam wants to create multiple worksheet containing common formatting styles for his team members. which file extension helps him to save these worksheets? help aslam to create multiple worksheets with common styles. he needs to save them with the extension.
The file extension that can be used to save the worksheets is Templates because he needs to save them with the .xlts extension.
What is a Worksheet?This refers to where information is stored and contains a database with data and parameters.
Hence, we can see that because Aslam wants to make multiple worksheets that have a common formatting style for his team members, he would need to use templates that save with the .xlts extension.
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