In connection with the annual audit, Prepare any necessary closing journal entries are not a "subsequent events" procedure. So the option A is correct option.
An event that occurs after a reporting period but before the financial statements for that period has been released or is available for release is referred to as a subsequent event. Such events could or might not need to be disclosed in the financial statements of an organization, depending on the circumstances.
An event offers extra details about the circumstances existing at the time of the balance sheet, including the assumptions made when preparing the financial statements for that time period.
An event offers fresh details regarding circumstances that weren't known at the time of the balance sheet.
Hence, in connection with the annual audit, Prepare any necessary closing journal entries are not a "subsequent events" procedure. So the option A is correct option.
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Select the correct answer. Which of these do you need to do when receiving criticism? A. Do not respond to criticism. B. Ignore the criticism. C. Respond to criticism with your own criticism. D. Consider the criticism as a learning experience. E. Ask your best friend what to do.
Answer:
The correct answer is D. Consider the criticism as a learning experience.
Explanation:
Criticism is the opinion valued by a person regarding another, a thing or a situation, in which the characteristics of said person, thing or situation are evaluated, and an opinion is expressed about them, which can be favorable or unfavorable.
When a person receives a criticism without bad intention, that is, a genuine or constructive criticism, the ideal is not to feel attacked by whoever emits it, but on the contrary, to take that opinion as valid, to learn from the mistakes made and improve.
B. A customer sees a house they want, but it's not for sale because it's owned by someone else. How would you go about approaching the current home owner about possibly selling their home to your buyer?
Answer:
Well typically you would have a realtor contact the home owners. But if u are doing it yourself then you would need to go onto there page that they have it set in call or email them, and they will sign you up for an appointment.
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Answer:
you dont
Explanation:
Below is the income tax system for the country of Genovia.
For income from $0 to $100, no income tax.
For all income above $100 but less than $400, the tax rate is 20%.
For all income above $400, the tax rate is 40%.
Jane Doe’s income is $500. What is her AVERAGE tax rate?
Group of answer choices
40%
33%
50%
20%
25%
Answer:
24%
Explanation:
The computation of the average tax rate is shown below:
Given that
From income $0 to $100, no income tax is applicable
From income above $100 upto $400, the tax rate is 20%
The income above $400, the tax rate is 40%
So based on the above information
Since the Jane doe income is $500
So here the average tax rate is
= (400 × 0.20) + (100 × 0.40) ÷ $500
= ($80 + $40) ÷ ($500)
= ($120) ÷ ($500)
= 24%
This is the answer but the same is not provided in the given options
Which of the following is the best definition of a liability in accounting?
A. Anything your company owes to someone besides the business
owner
O B. A debt your business owes that must be repaid during the present
accounting period
c. Anything your company owes to the business owner
D. Anything your company needs to sell during the present
accounting period
The best definition of liability is anything your company owes to someone besides the business owner (option a).
What is liability?Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions. Liabilities reduce the net worth of a company.
Liabilities are resources that have been borrowed or that are owned. They would need to be repaid at a future date. An example of a liability is debt and account payable.
Liability can be short term or long term. It is short term if it has to be paid within a year and it is long term if its duration is greater than a year or one accounting period.
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Quick Corp. has $270,000 of outstanding accounts receivable. On March 10, Quick assigned to Taft for value (consideration) a $30,000 account receivable due from Pine, one of Quick Corp.'s customers. On March 30, Pine paid Quick Corp. the $30,000. On April 5, Taft notified Pine of the March 10 assignment from Quick to Taft. Taft is entitled to collect $30,000 from Select one: a. Neither Quick nor Pine. b. Quick only. c. Pine only. d. Either Quick or Pine
Answer:
b. Quick only
Explanation:
According to the given situation, since Taft bank collected the money from Quick corporation as not from Pine because the company would failed to inform pine assignment from quick corporation on time So the taft would be collected from Quick only
Hence, the correct option is b
And, the rest of the options would be considered incorrect
For international businesses to achieve vertical differentiation, _____. a. foreign and domestic operations should be grouped in such a way that the company effectively serves the needs of all customers b. top level managers must emphasize flexibility and openness in organizational structure c. a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers d. the global structure must allow decisions to be made in the most appropriate area of the organization
Answer:
a hierarchy of authority must be created that clarifies the responsibilities of both domestic and foreign managers
Explanation:
Benedict Company leased equipment to Mark, Inc., on January 1, Year 2. The lease is for an 8-year period expiring December 31, Year 9. The first of 8 equal annual payments of $600,000 was made on January 1, Year 2. Benedict had purchased the equipment on December 29, Year 1, for $3,200,000. The lease is appropriately accounted for as a sales-type lease by Benedict. Assume that the present value at January 1, Year 2, of all rent payments over the lease term discounted at a 10% interest rate was $3,520,000. What amount of interest income should Benedict record in Year 3 (the second year of the lease period) as a result of the lease
Answer:
$261,200
Explanation:
The computation of the interest income for the year 3 is shown below:
DATE Annual payment Interest revenue Reduction Net investment
On Jan 1 $3,520,000
On Jan 1 $600,000 $0 $600,000 $2,920,000
On Jan 1, year 2 $600,000 $292,000 $308,000 $2,612,000
On jan1, year 3 $600,000 $261,200 $338,800 $2,273,200
Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $2.00 per 12 oz. bottle. The following data has been collected: Annual sales 50,000 bottles Projected selling and administrative costs $8,000 Desired profit $70,000 The target cost per bottle is
Answer:
$0.40
Explanation:
Total Cost of Goods Sold = Sales revenue - Desired profit
Total Cost of Goods Sold = ($2*50,000) - $70,000
Total Cost of Goods Sold = $100,000 - $70,000
Total Cost of Goods Sold = $30,000
Target cost per bottle = Total cost of goods sold / Units sold
Target cost per bottle = $20,000/50,000
Target cost per bottle = $0.40
So, the target cost per bottle will be $0.40
1. Which of the following BEST defines a down payment?
1. A down payment is a portion of the purchase price that increases the loan amount.
2. The down payment is the good faith escrow deposit.
3. A down payment is a portion of the purchase price that reduces the loan amount.
4. The down payment is the total amount borrowed for purchasing or leasing a car.
Answer:
3
Explanation:
It has to be this one because it is intial payment to help someone.
Which aspect of the organization should Albert have been aware of before joining it?
Albert has recently joined a business organization. After a few weeks, he has realized that he is not happy with the organization's values,
management style, and policies. He is thus finding it difficult to perform daily tasks. He wishes he had found some information about the
organization's
before joining it
Answer:
well you have to think before taking action in something
According to the video, what are some qualities needed by workers involved in sales? Check all that apply.
physical strength
politeness
first-aid skills
good speaking skills
Answer:
B and D
Explanation:
According to the video, politeness and good speaking skills are qualities needed by workers involved in sales. Thus, options B and D are the correct options.
What Does a Sales Representative Do?Simply said, a sales representative promotes a company's brand while selling its goods or services. From the first lead outreach until the actual transaction, they maintain client connections and function as the primary point of contact. It is the perfect job if you want to be in control of your career because it is mostly performance-driven, meaning how well you sell directly affects how much money you earn.
All stages of the sales process involve a sales representative having direct consumer interactions. They are in charge of determining a customer's needs, making suitable product or service recommendations, and making sure they have a great experience from beginning to end. Some sales representatives would make cold calls to potential customers they locate in company directories or client referrals.
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Jorge has been audited by the IRS. He is hoping that the process will be very simple. Which type of audit would Jorge MOST likely find to be the easiest to deal with?
Answer:
Correspondence audit
Explanation:
The Internal Revenue Service conducts 3 types of audits. That is correspondence, field, and office audit.
The easiest and most common one is the correspondence audit that involves communication via mail.
The IRS send request for documents concerning a particular issue. Usually a Mathematica error on you part when filling the form or am ommission of an income on tax return.
This is easily resolved by sending the required documents.
The other two types of audit are more difficult to handle. Office audit is in person interview regarding issues o your tax return.
Field audit is an in depth audit of various items regarding your busuness
Answer:
Correspondence Audit
Explanation:
1. How does competition affect the prices that airlines charge for fares?
2. How does a lack of competition affect the prices that the train company charges for fares?
Explanation:
Different routes of the same distance cost different amounts generally not because they cost different amounts to operate, but because of how much the competitors are charging. ... In all, the truth is that prices reflect what people will pay and so people will pay what flights are priced.I don't really know this part tho...We evaluate historical sources by determining if they are valid or reliable.
True
False
Answer:
True
Explanation:
We evaluate historical sources by determining if they are valid or reliable. The given statement is True.
Why is it important to evaluate historical sources?You are prompted to use critical thinking skills while evaluating information to consider the authority, timeliness, point of view, and bias of various information sources. A book, article, or website is not always a trustworthy source of knowledge just because your search parameters are met by it.
Evaluating historical sources is an essential aspect of historical research, and determining their validity and reliability is crucial to understanding the past accurately. Validity refers to the accuracy and truthfulness of the information provided by the source, while reliability relates to the consistency and credibility of the source. Both validity and reliability are necessary to ensure that the historical source is trustworthy and can be used to support historical claims.
Thus, the mentioned above-given statement is true.
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Technology plays a role in a variety of industries and the ways that technology impacts marketing are vast and diverse. In a concise one-paragraph summary, narrow down the use of technology in marketing and explain the importance of computers and the internet in marketing.
Answer:
Marketing is a commercial practice by which companies seek to promote their products, trying to attract consumers through advertisements, promotional campaigns and market research, aimed at meeting the needs of consumers. For this, companies rely on technology (internet, television, radio, etc.) to be able to massify their products, advertising them through the mass media. Within this process, the internet is one of the most important marketing tools, since it allows companies to reach all parts of the world, where potential consumers from any territory can see the advertisements just one click away.
If you were a salesperson, what would be the most challenging part of the sales process for you? Explain.
The most challenging part for me would be overcoming objections because there are so many possible objections a customer could have. Also if the customer doesn't know their needs this can be even harder to accomplish.
When you get in a business, make a lot of money, and then get out, it’s referred to as a(n)
A) easy-money business.
B) hit-and-run business.
C) failure.
D) missing opportunity.
Answer:
The answer is B. Hit-and-run business.
Explanation:
30 points please help!
The incredible Ice cream company wants to preserve their secret recipes for their ice cream products. They require all employees to sign a document stating they will not work for a competing ice cream company or open their own ice cream business. Which type of document do employees sign?
a. non-compete agreement
b. partnership agreement
c. confidentiality agreement
Answer:
B.
Explanation:
Answer:
i believe is A. non compete agreement
Explanation:
is easy i did it
if it was helpfully pls give me points and a heart
One advantage of a market-product grid is that it can be used to Multiple Choice relate the product life cycle to consumer demand. determine which target market segments to select and which product groupings to offer. screen many new-product ideas in order to select the one with the best long-run market potential. select representative samples of consumers for marketing research studies. make cost-cutting decisions under conditions of uncertainty.
Answer:
The answer is "relate the product life cycle to consumer demand".
Explanation:
An Ansoff matrix or maybe a project director grid is also considered a consumer product grid. This is tool companies use to build a plan of development. New and existing markets, new and existing products as well as the uncertainties of any potential relationship are addressed, that's why one of the benefits is to the consumer-product grid is that it could be used to connect probable product sales to future market segments.
Wanna win 10$ on cashapp??
Answer:
How can you do this?
Explanation:
3.____What type of insurance covers damage done to your car by another car when the accident is your fault?
B. Property Damage
C. Medical payment
C. Collision
D.All the above
Drag the tiles to the correct boxes to complete the pairs.
Match the branches of study term to the examples.
Science
Engineering
Technology
Mathematics
Wi-Fi
sodium reacts with chlorine
to form sodium chloride
traffic signal design
determine the percentage
loss in sales of a product
Answer:
I. Science.
II. Engineering.
III. Mathematics.
Explanation:
Environmental science can be defined as an interdisciplinary field of science that comprises of chemistry, economics, engineering, zoology, geography, geology, biology, ecology, physics, etc., used for the study and understanding of various environmental factors, issues in relation to human life.
Some of the branches of study term matched to their respective example include the following;
I. Science: sodium reacts with chlorine to form sodium chloride. Science can be defined as a branch of intellectual and practical study which systematically observe a body of fact in relation to the structure and behavior of non-living and living organisms (animals, plants and humans) in the natural world through experiments.
II. Engineering: traffic signal design. Engineers are saddled with the responsibility of designing and developing end user (customers) physical tools or equipments, which are used for a specific purpose.
III. Mathematics: determine the percentage loss in sales of a product. This branch of study deals with solving for unknown variables or quantities in a mathematical expression.
Answer:
WI-Fi -Technology
sodium reacts with chlorine
to form sodium chloride-----------Science
traffic signal design------------------Engineering
determine the percentage
loss in sales of a product---------------Mathematics
Explanation:
What do you mean by accountability?
Accountability is when an individual or department experiences consequences for their performance or actions. Accountability is essential for an organization and for a society. Without it, it is difficult to get people to assume ownership of their own actions because they believe they will not face any consequences.
Customers are demanding your product. Unfortunately, you are struggling to create supply at the same rate. Based on the law of demand, what could you do to decrease the demand?
1. Decrease the supply
2. Decrease the price
3. Increase the supply
4. Increase the Price
Answer: Increase the Price
Explanation:
Since the customers are demanding for ones product while the supplier is struggling to create supply at the same rate, the way that the supplier can reduce the demand for the product is to increase the price.
According to the law of demand, when price of a product increases, the consumers will demand less for that product and in a situation whereby there's reduction in price, more of the product will be demanded.
2.____What is auto insurance based on in IL?
A. How much money you have
B. Fault
C. Your job
D. How tall you are
Kamal, Kamala, Krishna invert a sum of RS= 30,000 on a business in the ratio 2 : 3 : 5. Find the each of their investment.
Answer:
3000kamal
9000kamala
15000krishna
Explanation:
let the unknown investment be x
now
2x+3x+5x=30000
10x=30000x
x=30000/10
x=3000
again;
2x=2×3000=6000
3x=3×3000=9000
5x=5×3000=15000
wise it is correct
Answer:
Kamal
2×30000÷10 = 6000
Kamala
3×30000÷10= 9000
Krishna
5×30000÷ 10= 15000
Explanation:
Kamal _ RS = 6000
Kamala _RS =9000
Krishna _RS=1,5000
QUESTION 8 of 10: In a percentage lease, the landlord receives a
a) Assets
b) Expenses
c) Accounts payable
O d) Revenue
Submit
Answer:
d)revenue
Explanation:
the landlord receives a percentage of revenue earned from any business in addition to the base rent.
In a percentage lease, the landlord receives a revenue. Option d is correct.
What is percentage lease?A percentage lease is defined as one in which the tenant pays a base rent plus a percentage of any money generated while operating a company on the rental property.
A percentage lease pays the landlord a percentage of any business's revenue in addition to the base rent.
In comparison to a standard lease, the base rent is usually lower. The lower base rent is balanced out by the higher upside potential of a percentage lease.
Therefore, option d is correct.
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"Market Equilibrium" is...
A. The quantity where no more buyers want to buy stock
B. The price range where the quantity supplied equals the quantity demanded
C. What happens when there are the same number of buyers and sellers
D. Where the most trades are made
Answer: B
Explanation: Market equilibrium is when the quantity demanded and quantity supplied are equal
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B. A customer sees a house they want, but it's not for sale because it's owned by someone else. How would you go about approaching the current home owner about possibly selling their home to your buyer?
Answer:
conditional offer is an agreement between two parties that an offer will be made if a specific condition is met. Conditional offers are used in real estate transactions whereby a buyer's offer on a home is contingent on something getting done for the purchase to go through
What do you mean by search of trade?Why is it essential?
Answer:
trade means buying and selling good and service
Answer:
it takes time,resourses and money to creat and luanch distinctive and affective brands..in most instances,trade searching id an important first step in any trade registration to avoid adopting brans that infrige third-party trademark rights.