for the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double-entry accounting system: transaction: walker company received $6,400 payment from a customer on account.

True. External auditors examine financial statements to verify that they are prepared according to generally accepted accounting principles.

External auditors examine clients' accounting records and render an opinion on whether financial reports are conveyed relatively in compliance with the entity's applicable accounting standards. They must establish whether accounting records are free from material misstatements caused by error or fraud.

The audited financial statements are then reviewed by several external users, such as creditors, investors, and government agencies. External auditors frequently provide tax and consultancy services as well as auditing. Individuals, government agencies, small businesses, corporations, and non-profit organizations qualify. External auditors can work for public accounting companies or work for themselves.

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Answer:

C. Taxes are the major source of revenue for

the government.

Explanation:

The government imposes taxes on incomes, goods and services sold, imports, and other items to raise money to finance its operations. Therefore, taxes are a source of revenue for the government.

The government also engages in other revenue-generating activities such as trade through state-owned corporations. As a composition of total revenue collected, taxes are the biggest contributor to government revenues.

Each general characteristic on the left is pulled toward the driver of globalization with which it is most associated by the expansion of international business. competitive drivers.

competitive motorists are determined by the actions of rival companies, such as the degree to which they cross continents to compete, expand their corporate capabilities globally, and interconnect geographical markets. public transportation.

The development of ICT and the spread of technology have been identified as the primary drivers of economic globalization that have an impact on the competitive environment. Other important factors include lower trade barriers, lower transportation costs, lower communication costs, and lower trade barriers.

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Answer:

never

Explanation:

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.

Answer:

b.they organize inventory and logical and easy to manage ways

Explanation:

A warehouse management system or (WMS) is a complex computer application software designed to improve the efficiency of managing inventory and supplies in an organization.  The warehouse management system tracks the movement of inventory from the warehouse to the distribution chain.  The systems complement the existing warehouse procedures and processes. It enables processes such as receiving, picking, and issuing of inventory logical, faster, and more accurate.

Answer:

60.28%

Explanation:

The selling price per chair = $179.49

buying price per chair = $87.49

the overhead rate is 28%

Actual overheard = 28% x $87.49

=28/100 x 87.49

=0.28  x 87.49

=$24.4972

total cost price per chair =  $87.49 + $24.4972

=$111.98

profit per chair

= $179.49 - $111.98

=67.51

Profitability rate = 67.51/111.98 x 100

=60.28%

So the option D (increase the supply of beef and decrease the demand for pork) is the correct answer.

Production of Beef and Pork

In 2021, the United States generated 28.06 billion pounds of beef and 27.7 billions pounds of pork, respectively. It was the highest amount of beef and second highest amount of pork ever produced in the USA. Only three times has the USA produced more pork than beef: in 2016, 2019, and 2020.

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Answer:

car manufacturer & food production

Explanation:

When someone makes a choice, what are all the other alternatives that are given up by making that choice called trade-offs.

All of economics is about tradeoffs. Any circumstance where choosing one course of action results in giving up another, often foregoing a reward or opportunity, is referred to as a tradeoff. A bonus in one area must be a minus in another, and in these zero-sum circumstances we encounter tradeoffs. The investigation of how humans distribute limited resources and bargain over opportunity costs is a central tenet of economic theory.

If we apply economic principles to resources other than money, economics provides instruments that we may utilize as guides for achieving our goals in life. Even while we all understand that money isn't limitless, we frequently treat our time, energy, and attention as if they are.

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Answer:

B . Labor

Explanation:

Labor refers to human efforts or contribution to the production process. Human beings provide skills, knowledge, experience, energy, and time in making products or in the provisions of services. Human beings are compensated with salaries, wages, and other benefits in exchange for labor.

Marion will be employed as a pilot. Meagan requires the skills of a person to offer services to customers. Mario will be providing labor services.

Answer:

с). You'll need to pay $4,000 on medical expenses each year before your

insurance will kick in

Explanation:

The deductible is the cash amount that a person needs to pay to the insurance company before their insurance coverage can begin.  It applies mostly to medical insurance. If an insurance policy has a deductible requirement, one can not launch any claim without having paid the deductible in full. The insured pays the deductible out of pocket.

Mr. husker’s tuxedos corp. ends the year 2021 with an average collection period of 39 days. So, the year end 2021 balance in accounts receivable for Mr. Husker’s Tuxedos is $6,069,041.

Given,

Average collection period = 39 days.

Firm’s credit sales = $56.8 million.

Accounts receivables = ?

So the year end 2021 balance in accounts receivable for Mr. Husker’s Tuxedos is calculated below

The Average collection period = (accounts receivables / credit sales) × 365

39 = (Accounts receivables / $56,800,000) x 365

365 accounts receivables =  $56,800,000 × 39

= $2,215,200,000 / 365

= $6,069,041

Hence, accounts receivables is $6,069,041

Accounts receivable is the money which the customers owes a company for products or services that have been invoiced to them. So the total value of all accounts receivable is listed on the balance sheet as current assets.

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Answer:

D

Explanation:

Bachelor Degree is 4 years

Answer:

D.  

A 4-year university.

Explanation:

The actions that would lead to the hospital seeing more patients would be based on the opportunity cost and the comparative advantage of the doctors.

We have been told that most of the time that Alicia has would be on liver transplants. She has a lower opportunity cost in doing this hence it would be better because she would see more that when she has to do heart surgery.

Christine has the comparative advantage in the performance of heart surgery so it would be better that she focuses on this because she would see more patients.

Hence Alicia has the lower comparative advantage in liver transplants and Christine has hers in heart surgery.

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Answer:

Correct:

Alicia spend most of her time doing liver transplants.

Christine spend most of her time in heart surgery.

Explanation:

Trust

Walter Co. is a manufacturer because it uses raw materials, and has a stock of merchandise inventory, work-in-progress inventory, and finished goods inventory. The current assets of Walter Co. will be:

Current Assets:

Cash                                                          6,000

Inventories

Raw materials inventory       21,000

Work in progress inventory  40,000

Finished goods inventory      25,000

Merchandise inventory           48,000

Total inventory                                      1,34,000

Other assets

Accounts receivable                               41,000

Prepaid expenses                                     1,000

Current assets                                                               2,22,000

A manufacturing company is a company that takes in raw materials processes the raw materials and then sells the finished goods manufactured in the market. So the current assets section of the balance sheet of Walter Co. is given which will be written on the right side of the balance sheet.

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Investment bankers advise businesses and, in certain situations, governments on financial matters.

What is Investment Banker?

They assist their clients in fund raising. That could entail issuing stock, putting a bond on the market, negotiating the purchase of a competing business, or setting up the sale of the firm as a whole. Famously, investment bankers play a major part in the initial public offers (IPOs) of emerging companies getting ready to go public.

What is A Private Placement?

A private placement is when stock or bonds are sold to institutions and investors who have been hand-picked rather than on the open market. It is a substitute for an initial public offering (IPO) for a business looking to raise money for growth.

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Answer:

negligence

Explanation:

Answer:

It was trespass on edge quiz

Explanation:

Long term equity anticipation securities (LEAPS) have max expirations of 39 months though max is 39, most trade w a 30 month life cycle.

Long-term Equity is intended for privately held, entrepreneurial businesses looking for joint investors to assist their long-term sustainable performance.

Any asset's equity is the ownership remaining after all liabilities related to it have been paid off. For instance, if you owe $10,000 on a car you own that is worth $25,000, you have $15,000 in equity in the asset. It is the worth of or interest in assets held by the most novice class of investors.

Many forms of equity

Equity held by shareholders. The amount of assets distributed to shareholders after liabilities have been subtracted is known as shareholders' equity or simply shareholders' equity.

ownership equity

Common shares.

favored stock.

further capital contributions.

Government stock

Retained income.

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Answer: The answer to the question is D, or "1950 to 1955, and 1958 to the present."

Explanation: edge

The total cost curve would rigorously move up by the amount of the change if fixed costs increased. Both the overall income curve and the whole expense curve would remain unchanged. As a result, the production that maximizes profit would not change.

Both fixed and variable expenses make to an organization's overall cost. Only when variable costs are present can fixed costs and variable costs have an impact on the marginal cost of production. By dividing the change in the total cost by a one-unit change in the manufacturing output level, the marginal cost of production is determined. The calculation establishes the manufacturing cost for an additional unit of the good. It is helpful in determining when a company will be able to realize economies of scale.

The additional cost of manufacturing only one more unit is referred to as the marginal cost of production.

Since fixed expenses normally do not change as the number of units increases, they have little impact on the marginal cost of production.

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Statements given a , b and c are correct choices of this question.

Project management is an essential discipline in a wide range of businesses that provides leadership and directions to projects in order to deliver best work by creating short term and long term project plans.

A brief explanation of correct choices are as follows:

a. Corporate prioritizes are growing to include environmental and social issues:

The environmental and social factors such as disasters, financial and economic shifts, access to technology, market trends, people norms and values, and culture of the society can have a direct and indirect influence on projects. It is the project management that provides contingency strategies in place to ensure the least possible negative influence to project success.

b. New services and products must be developed and introduced to the market quickly

Missing deadlines result in incomplete deliverables, in turn that expand the time to complete the project and launch it into the market. It is the project management that provides help to develop and introduce new products to market quickly, which is the most critical factor to businesses success.

c. Projects play a significant role in the strategic direction of firms

As a discipline, project management provides strategic directions to align projects with enterprise’s plan. Such as it specifies requirements and establishes achievable objectives; prioritizes the sequence of tasks to meet stakeholders’ expectations and organization’s goals; stimulates team collaboration; offers ways to identify and mitigate risks and challenges; and balances competing demands of quality, scope, time and cost.

The option d is false because, nowadays, Project Management as an academic discipline has been acknowledged and is being taught in many colleges and universities.

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The correct answer to the given question is a cash flow statement.

A cash flow statement, also known as a statement of cash flows, is a financial statement used in financial accounting that breaks down the analysis into operating, investing, and financing activities. It illustrates how changes in balance sheet accounts and income affect cash and cash equivalents. A cash flow statement is a type of financial statement that gives total information about all of the cash inflows a business makes from continuing activities and outside investment sources. It also includes any cash outflows made within a specific period to cover investments and business expenses. An entity's cash flow statement (CFS) contains important data. It displays the flow of cash into and out of a business.

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The farmers' alliance and the grange held different opinions about their dedication to political engagement.

American farmers united themselves into the Farmers' Alliance, which grew and prospered around 1875. The National Farmers' Alliance and Industrial Union, which represented white farmers in the South, the National Farmers' Alliance, which represented white and black farmers in the Midwest and High Plains, regions where the Granger movement had been active, and the Colored Farmers' National Alliance and Cooperative Union, which represented African American farmers in the South, were all part of the movement. The organization's objective was to eliminate the negative effects the crop-lien system had on farmers in the years after the American Civil War.

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Reference checks are not very reliable, particularly if they are based on letters. These are also not very valid.

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Answer: 1. increase 2. decrease Hope this helps!

The two additional coverages offered by the businessowners policy special form—water damage and collapse—are not offered by the regular form.

Business Owner's Policy (BOP) Insurance: What Is It?

A Business Owner's Policy (BOP) is a type of business insurance that includes property and liability coverage. BOP insurance assists in protecting your company from claims brought forth by things like fire, theft, or other covered events.

The company owners policy premium is paid in what way?

The premium for your business owner's insurance can normally be paid in monthly or yearly installments. Although choosing a lower monthly payment may be alluring, think about paying the full cost. Since many insurers give discounts for yearly rates, businesses may typically save money this way.

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Answer:

Merchant

Explanation:

Law of diminishing marginal utility explains about the slopes of demand curves.

As the amount of an item with a consumer increases, the marginal value of the goods to him expressed in terms of money declines, and the marginal advantage of utilising each more unit of that product within a given period also declines.

The Idea of declining prices is intimately related to the law of diminishing marginal utility. As a product’s usage rises, its utility declines. As it may turn completely unfavourable to consume another unit of any product, the marginal utility may go below zero and turn into negative utility. Because of this, the initial unit of consumption of any goods is usually the most valuable, and subsequent units of consumption carry decreasing amounts of value.

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The expected profit is $6493.86.

Probability is the branch of arithmetic concerning numerical descriptions of ways possibly an occasion is to occur, or how in all likelihood it is that a proposition is proper. The opportunity of an occasion is quite a number among 0 and 1, in which, more or less speaking, 0 indicates the impossibility of the occasion and 1 shows the truth.

Given, a profit of $ 11,349 with a probability of 0.73 and a loss of $6633 with prob 1 - 0.73

= 0.27

expected profit

= 11,349 * 0.73

= 8284.77

loss

$6,633 * 0.27

= 1,790.91

not profit = $ 8284.77 - $  1,790.91

               = $6493.86

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