Answer:
To get knowledge about business
Explanation:
Before participating in an entrepreneurial characteristics activity , it is important to evaluate one PECS so we'll have an understanding of that commercial enterprise or problem and we will know our positives and negatives. It will also enable us to determine what we're doing to enhance our features.
5. The source document for all cash payments is a sales invoice. (P. 60)
true or false
Answer:
false
Explanation:
A sales invoice is an accounting document addressed to a client informing them of the amount they should pay for the goods or services provided. It details the services or products provided, the date, name of the client, the amount due, among other details. The invoice does not keep information on cash payments.
The check is the document that contains information on cash payments. The checkbook will retain details of all payments, such as amount, payee, and payment date. This data is useful in cash reconciliations.
The source document for all cash payments is a sales invoice. Thus, the given statement is false.
The source document for all cash payments is not a sales invoice. A sales invoice is typically generated when a company makes a sale to a customer, documenting the details of the transaction and serving as a request for payment. However, when it comes to cash payments, the source document is usually a receipt or cash voucher.
A receipt is issued to the payer as proof of payment received, providing information such as the date, amount, payment method, and details of the transaction. Cash vouchers, on the other hand, are internal documents used within a company to track and record cash payments made.
Thus, the given statement is false.
Learn more about sales invoices here:
https://brainly.com/question/34223076
#SPJ6
Describe an ethical dilemma related to an employees behavior at work or work discipline
Understanding ethical dilemmas
You may be faced with an ethical dilemma when something at work goes against your personal ethics, morals and values. This could be something that one of your colleagues or managers is doing, or something that you are doing yourself.
Give 3 Examples of Product/Service
Answer:
Goods are items you buy, such as food, clothing, toys, furniture, and toothpaste. Services are actions such as haircuts, medical check-ups, mail delivery, car repair, and teaching.
Explanation:your welcome
Rolston Music Company is considering the sale of a new sound board used in recording studios. The new board would sell for $26,100, and the company expects to sell 1,460 per year. The company currently sells 1,960 units of its existing model per year. If the new model is introduced, sales of the existing model will fall to 1,780 units per year. The old board retails for $22,000. Variable costs are 56 percent of sales, depreciation on the equipment to produce the new board will be $1,410,000 per year, and fixed costs are $1,310,000 per year.
Answer:
$8,792,544
Explanation:
Computation for the Annual OCF of the project
First step is to compute the net income
NET INCOME
Sales of new$38,106,000
($26,100×1,460 per year)
Lost sales of old -$3,960,000
[($22,000×1,780)-($22,000×1,960)]
=39,160,000-43,120,000
=-3,960,000
Variable costs $19,121,760
[($38,106,000-3,960,000)×56%]
(34,146,000×56%)
=$19,121,760
Fixed costs $1,310,000
Depreciation 1,410,000
EBIT$12,304,240
($38,106,000-3,960,000-$19,121,760-$1,310,000-1,410,000)
Tax $4,921,696
(40%×$12,304,240)
Net income $7,382,544
($12,304,240-$4,921,696)
Second step is to calculate for the company OCF using this formula
OCF = EBIT + Depreciation – Taxes
Let plug in the formula
OCF=EBIT$12,304,240+Depreciation 1,410,000-Tax $4,921,696
OCF= $8,792,544
Therefore the Annual OCF of the project is $8,792,544
(look at the graph)
a) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Luxland? explain.
b) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Leanderland? explain.
Answer:
a) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Luxland? explain.
Yes, it is advantageous for Luxland. On its own, Luxland can only produce 1 chip for 1 pretzel, but with trade, 1 pretzel would now be equivalent to 4 chips, representing a net gain of 3 chips.
b) if the terms of trade are 4 chips for 1 pretzel, would trade be advantageous for Leanderland? explain.
No, trade would not be advantageous. We can see than domestically, Leanderland can produce 2 pretzels for every chip, because the graph shows that 4 chips are equivalent to 8 pretzels for this nation.
For trade to be advantageous, Leanderland should obtain at least 9 pretzels for the 4 chips.
A) The terms of trade will be advantageous for Luxland because, according to the graph, it can produce only one chip for Pretzel.
However, If it decides to trade, it would accrue a gain of 3 additional chips under the 4 chips to 1 Preztel arrangement.
B) Already, Leanderland gets 1 chip for 4 pretzels. Therefore, it will be disadvantageous for it to accept 4 chips for 1 pretzel trade arrangement. The above question seeks to highlight the comparative advantages of Leanderland and Luxland.
What is Comparative Advantage?When an economy or country has the ability to manufacture a good or service at a lower opportunity cost than its trading partners, it is said to have a comparative advantage. In the graph above, Luxland has a comparative advantage with the production of Chips.
See the link below for more about Comparative Advantage:
https://brainly.com/question/8416743
Which is a disadvantage of using a secondary source for information?
A.It is expensive to obtain the data.
B.It may not be the most current information.
C.The interviewers require payment.
D.There is no way to validate the accuracy of the information.
E.permits researchers to access valuable information for little or no cost
Answer:
B
Explanation:
it may not be the most current information
Answer:
B
Explanation:
With the second source you're getting it after so the information may not be the same
Obviously, the lifetime membership isn’t a good deal if you only remain a member for a couple of years, but if you remain a member for 40 years, it’s a great deal. Suppose that the appropriate annual interest rate is 8.5%. What is the minimum number of years that Lloyd must remain a member of the ADLA so that the lifetime membership is cheaper (on a present value basis) than paying $500 in annual membership dues? (Note: Round your answer up to the nearest year.)
Answer:
Within 15 years, lifetime membership is cheaper than annual membership.
Explanation:
Note: The question is incomplete but the complete question is attached as picture
Considering if Lloyd choose to pay $4,500 for lifetime membership fee, then
Future value of Lump sum = PV (1 + i)^n
Where PV = Present value = $4,500
, i = interest rate = 8.5%
, n = no. of compounding period = 15 years
So, FV = 4,500 * (1 + .085)^15
= 4,500 * 3.3997428788
= $15,298.84
When Lloyd choose to pay $500 for annual membership fee:
Future Value of annuity due = (1 + r) * P[((1 + r)^n - 1) / r]
where P = Periodic payment = $500
i = interest rate = 8.5%
n = no. of compounding period = 15 years
So, FV of annuity due = (1 + .085) * 500[((1 + .085)^15 - 1) / .085]
= (1.085) * 500[(3.3997428788 - 1) / .085]
= (1.085) * 500 * 28.2322691624
= $15,316.01
So, within 15 years lifetime membership is cheaper than annual membership.
Question 9 of 10
How do standards act as barriers to trade?
A. They set limits on the total amount of imported goods.
B. They force imported goods to meet certain criteria.
C. They tax imported goods in order to increase their price.
D. They use government funds to lower the cost of domestic goods.
SUBMIT
Answer:
A. They set limits on the total amount of imported goods.
Explanation:
Just took the test and it was this!!
Standards act as barriers to trade because they tax imported goods in order to increase their price. Thus, option (c) is correct.
What is trade?
The process of buying and selling commodities and services is referred to as “trade.” Trade is a form of economic activity.
The tax on imported goods and services, which is an adverse effect of raising product prices, is the biggest obstacle to trade. As prices rise, there will be a shortage of goods.
Therefore, option (d) is correct.
Learn more about on trade, here:
https://brainly.com/question/8322028
#SPJ2
Will each scenario shift the long-run aggregate supply (AS) curve, the short-run AS curve, both, or neither?(a) New technology improves solar panels so that they are less expensive(b) Federal government spending increases(c) A hurricane wipes out the orange crop in Florida(d) A new oil field is discovered that will provide a six-month supply of oil(e) A firm expects to introduce driverless cars within the next five years
Answer:
A shift in the SRAS occurs when a change impacts the quantity produced in the short run such as lower input prices or government policies whereas a shift in the LRAS occurs when factors of production have become more efficient or there is an introduction of new technology which leads to higher production in the Economy.
(a) New technology improves solar panels so that they are less expensive. BOTH SRAS and LRAS.
The technology makes the panels cheaper so there will be a shift in SRAS. With the Solar Panels now improved, more electricity will be supplied which will enable higher production levels so LRAS will shift as well.
(b) Federal government spending increases. NEITHER SHIFT.
This has to do with Aggregate Demand not Supply.
(c) A hurricane wipes out the orange crop in Florida. SRAS will shift.
In this short term, the supply of Oranges will decrease which means the SRAS will shift left.
(d) A new oil field is discovered that will provide a six-month supply of oil. SRAS.
6 months is short term so this new supply will shift only the SRAS right to reflect the higher supply.
(e) A firm expects to introduce driverless cars within the next five year. LRAS.
This new technology in the long run will lead to higher production levels so the LRAS will shift right.
Why are file naming conventions essential?
A. So that data entry workers do not have to learn new systems with
every new position.
B. To make it easy to copy files for backup storage.
C. So that companies can easily share files with other companies.
D. Without everyone using the same system, it would be impossible
to know locate folders or files.
Answer:
D. Without everyone using the same system, it would be impossible
to know locate folders or files.
Explanation:
advantages of collaborative office layouts
Answer:
By far, one of the greatest benefits of breaking down literal walls in the office is increased collaboration.
Explanation:
When multiple people are working in the same space, they are more likely to share ideas and ask for input.
where do financial institutions offer services
Answer:
Checking accounts.
Savings accounts.
Debit & credit cards.
Insurance
Wealth management.
State farm Commercial "she shed" Who burned down the she-shed
Explanation:
The ad features a character named Cheryl who calls State Farm to check whether she's insured for the outdoor "she shed" burning down in front of her and her husband, Victor. The prevailing fan theory is that Victor burned down the she shed
nice thats cool bro
In which countries do people prefer discussing business during meals?
Answer:
china
Explanation:
if your traveling to china on business do not discuss business during meals .
Answer:
Always send a thank-you note following a hosted meal.in Philippines
How can formal business documents help managers solve problems? OA. By eliminating the need for schedules and budgets to track progress B. By creating a record of every action taken during a meeting OC. By presenting well-organized, accurate information about a problem O D. By making decisions so the managers do not have to handle them
Answer: By presenting well-organized, accurate information about a problem.
Explanation:
it is antibullying month what are some ways you can prevent bullying to happen in any way?
Mrs. King wants to start an airline business and needs to raise millions of dollars to get the business started.
Your answer:
a. LLC
b. C-corporation
c. S-corporation
d. Sole Proprietorship
On December 20, Year 6, an uninsured property damage loss was caused by a company car being driven on company business by a company sales agent. The company did not become aware of the loss until January 25, Year 7, but the amount of the loss was reasonably estimable before the financial statements were issued. The company’s December 31, Year 6, financial statements should report an estimated loss as_____________
Answer:
an accrual.
Explanation:
Accruals are a type of liability. They are expenses that have been incurred by the company, but have not been paid yet.
The accident resulted in a loss contingency and since it was probable and could be reasonably estimated, it must be included in the balance sheet. Balance sheets must be adjusted when certain relevant events are known after the year ended, but before the balance sheet is presented.
Describe an ethical dilemma related to employee relations.
An ethical dilemma or ethical paradox is a decision-making problem between two possible moral imperatives, neither of which is unambiguously acceptable or preferable. The complexity arises out of the situational conflict in which obeying would result in transgressing another.
You can block anyone on Twitter.
A.) True
B.) False
Answer:
A true
Explanation: ive done it before
Answer:
yes
Explanation:
Wants personal finance definition ?
Answer:
the desire for GOODS and SERVICES. The attempt to satisfy wants forms the basis of all economic activity. Wants are expressed in the market place not by need or desire but by the willingness and ability to actually purchase the good or service in DEMAND.
Explanation:
Answer:
Explanation:
the desire for GOODS and SERVICES. The attempt to satisfy wants forms the basis of all economic activity. Wants are expressed in the market place not by need or desire but by the willingness and ability to actually purchase the good or service in DEMAND.
Which of the following is NOT affected by marketing?
A. The locations you shop
B. The items you purchase
C. The product regulations
D. The use of the products
Answer:
D, The use of products.
The use of the products is not affected by marketing. Thus, option D is appropriate.
Marketing describes the actions a business takes to encourage the purchase or sale of a good or service. Advertising, selling, and delivering goods to customers or other firms are all included in marketing. Affiliates perform some marketing on behalf of businesses.
Marketing is the procedure of discovering, developing, and providing value to satisfy a target market's needs in terms of products and services, which may also involve choosing a target audience. The process of developing, communicating, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large collectively is known as marketing.
Thus, option D is correct.
Learn more about Marketing here:
https://brainly.com/question/27155256
#SPJ6
Select the correct answer.
Klara runs her business successfully without ever meeting her clients. Which sales channel does her business use?
A. Direct sales.
B. trade shows.
C. e- commerce
S. flea market.
Answer:
A
Explanation: Just answered it myself
Answer:
its C
Explanation:
Edmentum users
Critically explain Robbins definition of economics?
Answer:
In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”
Explanation:
What information does a lead contain in a news story?
Answer:
1st one
Explanation:
is my account free of coast
Answer:
Yes, it is unless somebody bought brainly premium thru your account in the past 2 years
Explanation:
Which of the following is a list of assets?
A.cash, accounts payable, inventory, furniture
B.cash, accounts receivable, inventory, furniture
C.cash, bank loan, inventory, furniture
D.cash, accounts receivable, inventory, owner's equity
On March 12, Medical Waste Services provides services on account to Grace Hospital for $10,300, terms 3/10, n/30. Grace does not pay for services until March 31, missing the 3% sales discount. Required: For Medical Waste Services, record the service on account on March 12 and the collection of cash on March 31. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
Answer and Explanation:
The journal entry is shown below:
Account receivable Dr $10,300
To Service revenue $10,300
(Being service provided in account)
Cash Dr $10,300
To Account receivable $10,300
(Being cash reciept is recorded)
These two entries should be recorded and the same is to be considered
No cash discount is given as the payment is not made within 10 days
Which of the following is NOT a resource?
A
water
B.
food
C.
land
D.
jewelry
Answer:
D
Explanation:
It was never made when Earth was made
Answer:
jewelry not resource this is a correct answer
Select the correct answer. Joshua bought a commercial truck for his business's operations in 2010. It cost him $30,000. Every year, its value has diminished. In 2014, the truck had an estimated market value of $25,000. Under which accounting head did Joshua's business record the difference of $5,000?
Answer:
The answer is "market value account".
Explanation:
It is also known as market cap, which is used to determined by increasing the existing market price of the company's excellent stock. Its approximate value of the object was its selling value, based mostly on volume in cost by a buyer to the seller by Keeping track of the online accounting and finance app of your asset value and depreciation.
In determining the appropriate valuation based on open market standards a variety several factors are taken into account. One of the principal factors for the market price is because it provides a practical tool for eliminating uncertainty and insecurity and decide how a share price.Answer: The answer is not D.
Explanation: