To complete the measurement process, companies need to update balances of assets, liabilities, revenues and expenses for changes created by adjusting entries.
What is Adjusting entries?Adjusting entries are the journal entries that cause change to the company accounts after the recording of the journal entries. This adjusting entries are posted at the end of a accounting period that is a month or a year or another interval of time.
Accounting for the companies require to adjust the balances of assets, liabilities, revenues and expenses accounts. These accounts then are presented in the income statement and balance sheet.
The Finance department of a company is responsible to post all the journal entries and to present the assets, liabilities with a true and fair view.
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hey hows everyone i need help with this
Answer:
thank you for the points..have a good day
(04.03 LC)
Which type of insurance covers homes, land, and other structures?
A. Collision
B. Health
C. Liability
D. Property
Answer:
D. Property
hope this helps out
Property insurance is the type of insurance which covers homes, land, buildings and other structures. It provides coverage of your property.
Property InsuranceInsurance may be defined as a protection from a financial loss of any possesssion.
It is in the form of an agreement where the insurer is promised for a reimbursement for any financial losses by the insurance agency.
Property Insurance provides financial coverage to your possessions such as house, offices, land, buildings and other properties against any damages causd by floods, fire, theft or any other reasons.
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The cash basis of accounting records revenues and expenses when the cash is exchanged while the accrual basis of accounting.
The cash basis of accounting records income and expenses when cash is exchanged while the accrual basis of accounting records revenues and expenses when they are incurred.
The notion of accrual basis accounting (time basis) is one of the basics in making accounting records. Revenues and expenses are recognized (recorded) when the transaction occurs regardless of whether cash is received or disbursed. This accrual basis is more widely used in business practices than cash basis accounting.
The difference between the actual basis of accounting with the cash basis with several parameters, including the following:
Cash Recording TimeIncome RiskData InformationInput ProcessHPP RecordingPurchase Order RecordingAccounting StandardsYou can learn more about notion of accrual basis accounting here brainly.com/question/13464862
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please help, this is culinary class
Answer: 1. cutlet knife 2.carving 4.steak knife 5. salmon knife 6. Paring
7. Boning 8. Chef's knife 9. peeling knife 10. bread knife
Explanation:
Answer:
1. cutlet knife 2.carving 4.steak knife 5. salmon knife 6. Paring
7. Boning 8. Chef's knife 9. peeling knife 10. bread knife
Explanation:
the last guy
also
thank u for this
i needed this question
A bank ______ is an important control because it provides independent verification of all cash transactions the bank has processed for the company. This internal report should be prepared by an employee whose duties are separate from recording and handling of cash.
A bank reconciliation is an important control because it provides independent verification of all cash transactions the bank has processed for the company.
What is bank reconciliation?A bank reconciliation statement can be described as the summary of banking as well as the business activity that can been linked with the reconciliation of an an entity's bank account with respect to the financial records.
Therefore, in this case it should be noted that this statement outlines some of part of the financial statements such as :
deposits withdrawalIn conclusion, A bank reconciliation is an important control because it provides independent verification of all cash transactions the bank has processed for the company as well as other activities affecting a bank account which do occur over some given period of time in the bank and this is very essential in the banking sector as well as the financial institutions.
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what is the purpose of this media message? to inform people that they have the opportunity to support a cause to inform people that they have the opportunity to save money
The purpose of this media message is to inform people that they have the opportunity to save money. Thus, option B is correct.
What is the media?
Media refers to any route of transmission. This can range from written paper to electronic material, and it provides data in a broad range of forms, including art, journalism, and instructional materials.
A media message is a form of communication that eventually contributes to a viewer, including a television program, website, news article, advertising, or status update through which the information can be conveyed.
As there needs to be a message that needs to be sent to the people, that means that the message can be conveyed that the people need to save money as well as the methods can also be said or be specified in the same with the help of any medium that can be possible. Therefore, option B is the correct option.
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define the term business
Answer:
Business refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.Explanation:
I hope l helped you. Please follow me. ❤❤❤which two things do CRM methods accomplish?
CRM is a set of methods that seeks both to understand costumers and to ______ about customers segments that companies should consider catering too.
FILL IN THE BLANK.
Answer:
I think it's make decisions
Explanation:
"CRM is a set of methods that companies use to understand customers. These methods make decisions regarding the selected customer segments"
The CRM is used for making decisions as it seeks to both understand the consumers and know about the segments that companies cater to.
What is a CRM?A CRM is a customer relationship management software that is a process that businesses and other organizations used to administrator the interactions among the customer typically using the data analysis to study a large amount of information.
Thus the system understands snd helps to decide the companies the customers they are catering to.
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which of these factors might contribute to a decrease in worker wages? downsizing of the company advanced education of workers increase in worker productivity increased demand for goods
The factor that might contribute to a decrease in worker wages is Increase in worker productivity.
What is productivity?Productivity can be described as the efficiency of production of goods or services expressed through different some measure.
It should be noted that the Measurements of productivity are often expressed as a ratio of an aggregate output with respect to the single input.
In some cases the aggregate input used in a production process which implies that the output per unit of input is been used in the calculations with respect to time specific period of time, hence factor that might contribute to a decrease in worker wages is Increase in worker productivity.
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Answer: Hello I know I'm late
Explanation:
It would be downsizing since the rest of the answers would increase the chances of higher wages.
"Supply and demand affects workers. If the demand for a good goes down, then less workers will be required. In addition, wages might go down.
However, if there is an increased demand for a good which leads to not having enough items to meet the demand, then more workers will be required. This can also lead to increased wages."
What measures the change in prices of a basket of goods and services in a given year
Choices
A. Recession
B. Depression
C. Deflation
D. Inflation
Answer:
d. inflation
Explanation:
PLATO
when the goals of two or more people are interconnected so that only one can achieve the goal—such as running a race in which there will be only one winner—this is a competitive situation, also known as a non-zero-sum or distributive situation.
When the goals of two or more people are interconnected so that only one can achieve the goal—such as running a race in which there will be only one winner—this is a competitive situation, also known as a non-zero-sum or distributive situation.
Buying a car is a classic example of distributive bargaining. A vehicle sale includes two disparate parties: a customer and a vendor. In this case, each person has special hobbies: even as the seller wants to make as lots cash as viable, the purchaser seeks to pay the least amount of money feasible.
Distributive bargaining is a competitive bargaining approach in which one celebration profits only if the other party loses some thing. it is used as a negotiation approach to distribute constant sources including cash, assets, property, and many others. among both the events.
In a zero-sum state of affairs, it's miles impossible for one celebration to enhance its role with out the opposite party suffering a corresponding loss. If one aspect receives $1,000 greater, meaning the opposite facet gets $1,000 less. The wins and losses add up to zero.
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(plz anwser asap!!))
What is the best way to combat stereotypes in the workplace?
Answer:
Explanation:
rather than combating them dont give into or reject them but be yourself and have a good attitude it shows others that group with stereo types that its okay to be an individual.
a social enterprise model characterized by organizations that donate a share of their incomes to nonprofits that addresses basic unmet needs.
A social enterprise model characterized by organizations that donate back a share of their incomes to nonprofits that addresses basic unmet needs.
Which best explains why many religious workers work for nonprofit organizations?a. Nonprofit organizations exist to help people rather than to make money.b. Nonprofit organizations are government funded.c. Nonprofit organizations receive all their money from donations.d. Nonprofit organizations do not require much money.Nonprofit organizations exist to help people rather than to make money.
A non-profit organization is a non-commercial entity that was founded to advance ethical social principles and make constructive contributions to society.
Many religious workers choose to work for non-profit organizations because these organizations support moral principles and do not practice religious discrimination, which is a problem for many global corporations because of differences in culture and religion.In order to guarantee the most secure and comfortable working environment possible for NGO employees.
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Holly is a small business owner whose income is reported on Schedule C. She placed her 2016 Honda Accord into service when she purchased it on January 1, 2018 for $24,000. She did not claim any §179 expense, but she did claim bonus depreciation. In 2018, she drove her vehicle 9,600 miles for business, 5,200 commuting miles, and a total of 18,000. What is Holly's depreciation for the car in 2018?
Answer:
the depreciation for the car is $9,600
Explanation:
The computation of the holly depreciation for the year 2018 is as follows:
In the case when the automobiled is used for business i.e. lower than 100% so it would be determined proportionally
i.e.
= $18,000 × 9600 Miles ÷ 18000 Miles
= $9600
Also the communting expense would be considered as a personal expense
So, the depreciation for the car is $9,600
when a country decides to focus on advanced technology and a skilled labor force, it is primarily answering which of the basic economic questions?
When a country decides to focus on advanced technology and a skilled labor force, it is primarily answering the basic economic question is - "Which wants to satisfy?"
What are three economic questions every nation must answer?Any mechanism for distributing limited resources qualifies as an economic system. Three fundamental questions are answered by economic systems:
what will be produced?How is it going to be made?How will society distribute the products it produces?There are two extremes in the responses to these queries. In command economies, the government makes choices on the distribution of resources as well as the distribution of output and consumption. In market economies, the factors of production and consumption are all coordinated via markets, and private ownership of resources is formed through property rights.
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which non-income factor for a potential job promotion would influence a person whose child needs frequent medical attention? location personal satisfaction independence health insurance
A non-income factor for a potential job promotion that would influence a person whose child needs frequent medical attention is location. Thus, option first is correct.
What is job promotion?The advancement or enhancement of a job's level is referred to as job promotion. It is an increase in employment position as a result of the employees' greater level of productivity.
If a person's mother requires medical care on a regular basis, it implies that she is not in good health and requires the support or companionship of her children to carry out various tasks.
If the individual receives a job promotion, the non-economic factor that he will evaluate most is location, because it will be necessary to assess if the new job's location would bring him closer or further away from his mother's residence, and how this may affect her.
Therefore, it can be concluded that option first is correct.
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Use the drop-down menu below to choose the best job for each example given.
Young operates an Army tank. His job title is best described as
Latrice coordinates the communications for air, water, and ground military forces. Her job title is best described as
Quincy uses weapons and equipment to participate in combat on land. His job title is best described as
Answer:C,D,B
Explanation:
Answer:
Young operates an Army tank. His job title is best described as
✔ Armored Assault Vehicle Crew Member
Latrice coordinates the communications for air, water, and ground military forces. Her job title is best described as
✔ Command and Control Center Specialist
Quincy uses weapons and equipment to participate in combat on land. His job title is best described as
✔ Infantry Member
Explanation:
On september 1, jerry co. Sold $2,000 of services for cash. On september 10, jerry co. Sold $5,000 of services on account. On september 20, jerry co. Collected $3,500 from accounts receivable. Calculate the ending balance in accounts receivable for september assuming no beginning balance.
The final service revenue balance for September was $5500.
How does a balance sheet work?A balance sheet shows the assets, liabilities, and owner equity of a company as of any given date. Typically, a balance sheet is produced at the end of set periods (e.g., every quarter; annually). A balance sheet is made up of two columns. The left-hand column contains a list of the company's assets.
What use does a balance sheet serve?You can get a brief overview of your company's financial status via a balance sheet. Along with an income statement and a cash flow statement, a balance sheet can help business owners evaluate the financial standing of their company.
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The September service revenue ending balance is $5500.
What exactly is service revenue?A company's service revenue is the income it earns from providing a service. The figure appears at the top of an income statement and is added to revenue from product earnings to calculate a company's total revenue for a given time period.This could be a monthly subscription service, rent, licensing fees, or a retainer. Businesses can forecast future sales using recurring revenue by calculating the value of ongoing payments.The banknotes produced by a company as a result of providing a service are referred to as service revenue. For accounting purposes, revenue is recorded on the income statement rather than the balance sheet with other assets. Revenue is used to buy other assets, pay down debt, and pay dividends to shareholders.To learn more about Revenue, refer to:
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jessica purchased 136 shares of stock at $32 using her 70% margin account. her maintenance margin is 40%. jessica has no other securities in her account. at what price will she receive a margin call?
Jessica purchased 136 shares of stock at $32 using her 70% margin account. her maintenance margin is 40%. jessica has no other securities in her account At she receives a margin call is $19.00.
The equity to your margin account is the cost of your securities less how tons you owe to your brokerage firm. FINRA policies require this upkeep required to be a minimum of twenty-five percent of the overall marketplace price of the margin securities. A margin call happens whilst the share of the equity inside the account drops beneath the upkeep margin requirement.
This deposit amount is referred to as the initial margin requirement. In this situation, the initial preservation margin requirement is forty percent of the acquisition rate of the change. For the dealer to buy the full one hundred shares, they need to maintain a balance of 40% of the change purchase amount of their margin account. you could without difficulty decide an organization's income margin by using subtracting the fee of products sold COGS from its overall revenue and dividing that figure by using the overall sales.
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generally accepted government auditing standards define and describe three broad types of audits that may be performed: financial audits, engagements and audits. (enter only one word per blank.)
Generally accepted government auditing standards define and describe three broad types of audits that may be performed: financial audits, attestation engagements and performance audits.
What is Government?A government is refer as administrative body which helps in the proper functioning of the country by maintaining peace and order by implementing laws and legislation describe in the constitution.
Generally accepted government auditing standards are refers as measures or guidelines provided by the government to calculate the or check the accountability and performance.
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When companies provide too few products in a product line, they run the risk of ________.
When companies provide too few products in a product line, they run the risk of missing important market opportunities.
Product adoption describes the process by which users become aware of a product, understand its value, and start using it. This process is typically broken down into four distinct phases: awareness, interest, evaluation, and conversion.
During the growth phase of the product life cycle, both sales and profits product line peak and begin to decline due to increased competition. During the introduction stage of the product lifecycle, low sales and high selling and advertising costs result in negative or low profits.
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after successfully overcoming a potential customer's objection to buying the vacuum cleaner he was selling, terrence, a salesperson, asked the customer for an order. terrence is in the stage of the selling process.
Terrence is in the closing stage of the selling process. Thus, option D is correct.
What is selling?Selling can be defined as the process where the person sells or convinces another being to purchase the product or to take the services that the company is to offer.
As the person was convinced that he needs to buy a vacuum cleaner and that means that he is ready to buy.
Terrance just asked the person what will be his order, which means that what will be the quantity that he will take or what type of vacuum cleaner is he going to buy. Therefore, option D is the correct option.
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The question is incomplete, the complete question will be:
After successfully overcoming a potential customer's objection to buying the vacuum cleaner he was selling, Terrence, a salesperson, asked the customer for an order. Terrence is in the ________ stage of the selling process.
A) follow-up
B) approach
C) preapproach
D) closing
E) prospecting
increasing the money supply in an economy will the economic activity but it may also increase . brainly
Increasing the money supply in an economy will the economic activity but it may also increase "inflation".
What do you mean by inflation?Inflation is referring to as the rate of the boom in terms of costs over a specified period of time.
Inflation is normally consisting of the conditions of general rise in prices or the growth in the price.
In economics, the examples of inflation include general fee stage rises. The types of inflation include Demand-pull inflation, Cost-push inflation and Built-in inflation.
Adding to it, the high inflation conditions are normally taken into consideration as harmful, some economists trust that a small quantity of inflation can help pressure an economic boom.
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Beekeeping has become a focus of Jacinta’s life. She understands that bees are fast disappearing and works hard to keep her hives healthy and productive. The Agriculture, Food, and Natural Resource pathway Jacinta works in is _____.
a) Food Products & Processing Systems
b) Agribusiness Systems
c) Animal Systems
d) Natural Resources Systems
Answer:
the answer is b which is: Agri business
Answer: c
Explanation:
in the annual report, where would a financial statement reader find out if the company’s financial statements give a fair depiction of its financial position and operating results? quizlet
In the annual report,a reader would find out about financial statement if the company’s financial statements give a fair depiction of its financial position and operating results, in an Audit report.
An audit report refers to a letter from the auditor of an organization that's the top results of the audit process. It points out the auditor’s opinion on if the company’s financial statements like the records are according to the extensively accepted accounting principles (GAAP) and if they're free from material misstatement.
The audit report is usually in the mid of the company’s annual report. The audit report is required by banks, investors, financial institutions,creditors, and regulators. When the auditor issues a healthy report, it means the company’s financial statements are found according to the accounting standards. An unqualified report will indicate that the financial plan could have some errors.
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crane inc started the month of june 2025 with total assets of 222000 and total liabilites of 132000. during june, the business crecorded 342000 in revenues, 157000, in expenses, and didvends of 56000. the net income reported by crane for the month of june was
If the revenues of the Crane Inc. for the month of June were $342,000, and its expenses for the month were $157,000, its total net income for the month will be $185,000.
What is the significance of net income?The net income of a company can be referred to or considered as the total profits made by the company during a given financial period after deduction of all the expenses incurred during the same period. It can be calculated as the difference between revenues and expenses.
In the condition given above, the net income will be calculated as,
Net Income = Revenues – Expenses
Net Income = $342,000 – $157,000
Net Income = $185,000
Therefore, the net income for Crane Inc. for the month of June upon incurring the given revenues and expenses has been aforementioned.
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roy is willing to pay $2.50 for a sports drink. he puts $5.00 into the vending machine and pushes the button for the sports drink without noticing that the price has increased to $2.75 until he counts the change he gets back.
Since Roy is willing to pay $2.50 for a sports drink, but since the price has increased to $2.75, his consumer surplus would be $0.
Consumer surplus is an economic measure of the benefits that consumers receive as a result of market competition. When the price that consumers pay for a product or service is less than the price that they are willing to pay, this is referred to as a consumer surplus. It is a measure of the additional benefit that consumers receive as a result of paying less than they were willing to pay for something. Consumer surplus and producer surplus can be compared.
Consumer surplus rises when the price of a good falls and falls when the price of a good rises. Economists visualize it as the triangular area under the demand curve between the market price and what consumers are willing to pay.
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the development of shipping containers enable companies to move freight quickly between ships trucks and trains
Impact the shipping container have on globalization an increase, in the shipping development because it decreases transportation costs .
Shipping containers moving between trucks, ships and trains would ensure minimum disruption to cargo during transport from origin to destination.
Shipping containers :This simplified the global logistics process overall and revolutionized international trade. Standardized containers have transformed the shipping and transport industry, allowing the transport of goods by rail, road, and ship easily, as the containers can fit onto different forms of transport with ease.
The development of shipping containers enables companies to move freight fastly between ships, trucks, and trains by loading a single large container with many more different goods and then moving the container. Before the container, freight had to be loaded and unloaded one palette, barrel, or box at a time.
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branches of accounting
virtually all jobs and professions, regardless of the proficiency or experience needed to perform them, require good skills.
Virtually all jobs and professions, regardless of the proficiency or experience needed to Skills Professionals Need for Workplace Success. A talent is the learned capacity to accomplish an action with predictable outcomes and good execution, generally in a limited amount of time, energy, or both.
In the domain of work, for example, some general skills would include time management, teamwork and leadership, self-motivation, and others, whereas domain-specific abilities would only be utilized for a certain job. To assess the amount of skill displayed and employed, certain contextual triggers and scenarios are normally required. When a talent represents a body of information.
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