Adjusting entries for accrued expenses ensure that liabilities are reported for all amounts owed at the end of the accounting period.
What are adjusting entries?Adjusting entries are the end-of-the-year entries made to ensure that the income statement and balance sheet present the correct, up-to-date numbers.
Some of the adjusting entries include:
Accrued revenuesAccrued expensesDeferred revenuesPrepaid expensesDepreciation expenses.Thus, Adjusting entries for accrued expenses ensure that liabilities are reported for all amounts owed at the end of the accounting period.
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Which of the following is not part of the OSHA training requirements for construction workers?
A. Employers must teach employees to recognize and avoid unsafe conditions.
B. Employers must train employees required to handle or use poisons to handle and use them safely.
C. Employers must teach employees required to handle or use flammable liquids how to safely handle and use them.
D. Employers must teach employees how to clock in and clock out for payment purposes.
Answer:
B.
Explanation:
most construction workers dont handle poisons
ARTICLES OF ASSOCIATION
Answer:
Articles of association form a document that specifies the regulations for a company's operations and defines the company's purpose. The document lays out how tasks are to be accomplished within the organization, including the process for appointing directors and the handling of financial records.
Select the correct text in the passage.
Which sentence identifies business-to-business advertising?
A company that makes CCTV cameras wants to enter new and existing markets. It has set up a strategy of aggressive marketing by active programs and expanding market
size. It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality. It recently sponsored a famous
award show to secure consumer reach. It also won a contract with a security solution agency, which saw the company advertise discounts on CCTV cameras in a trade
journal. It differentiated its product from its rivals with its compact size. It also advertised its product on TV commercials and highway billboards, thus increasing
frequency of reach.
Reset
Next
Answer:
It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality.
Explanation:
A company that makes CCTV cameras wants to enter new and existing markets. It has set up a strategy of aggressive marketing by active programs and expanding market
size. It adopted a price skimming method wherein it reduced the prices of cameras compared to rivals with a promise of equal quality. It recently sponsored a famous
award show to secure consumer reach. It also won a contract with a security solution agency, which saw the company advertise discounts on CCTV cameras in a trade
journal. It differentiated its product from its rivals with its compact size. It also advertised its product on TV commercials and highway billboards, thus increasing
frequency of reach.
Answer: it also won a contract with a security solution agency, which saw the company advertised discounts on CCTV cameras in a trade journal.
Explanation: edmentum
On July 1, Aloha Co. exercises a call option that requires Aloha to pay $408,000 for its outstanding bonds that have a carrying value of $416,000 and a par value of $400,000. The company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds.
The journal entry for the retirement of bonds will affect a debit to Bonds Payable and Premium on bonds payable accounts for an amount of $400,000 and $12,000 respectively; and a credit in the balances of Cash and Gain on retirement of bonds accounts for a sum of $408,000 and $4,000 respectively.
What is journal entry?The systematic manner of record-keeping of financial transactions in a business in the chronological order of their occurrence is known as a journal entry. A journal entry has an equal amount of debit and credit effects.
Hence, the significance of a journal entry has been aforementioned.
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A skilled nursing facility chain is considering building a new facility on a piece of property that it currently owns. The property was purchased five years ago for $250,000 and could be sold now at a current market value of $100,000. When estimating the cash flows for the new facility, what amount should be included to recognize the opportunity cost of using the land for the proposed project?
Can someone explain why it is -$100,000 vs $-150,000
Based on the value of the land, the recognized opportunity cost for the project is -$100,000.
What is the opportunity cost of the land?When a new project is about to be embarked on, the relevant value of the resources to be used is the current value of the resource.
In this case, the current value of the land is $100,000 which will therefore be recorded as the opportunity cost. The reason it is negative is that it represents a loss on the original purchase.
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A chart of accounts lists the accounts and balances at a specific time.
True
False
A chart of accounts lists the accounts and balances at a specific time is the true statement, as it a digestible breakdown of all transactions.
What is a chart of accounts?chart of accounts is a list of all the accounting records in a company's general ledger. In a nutshell, it's an organizational tool that breaks down all of a company's financial transactions into subcategories and presents them in an easily understandable format.
Thus, it is a true statement.
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The supply and demand curve is a tool used by entrepreneurs.
True or false
Answer:
TRUE
Explanation:
If the effective annual yield on a bond is equal to the bondʹs coupon rate, the bond will have a market value that is
Answer:
The coupon rate is the stated periodic interest payment due to the bondholder at specified times. The bond's yield is the anticipated overall rate of return. If the bond's price changes and is no longer offered at par value, the coupon rate and the yield will no longer be the same as the coupon rate is fixed and yield is a derivative calculation based on the price of the bond.
Why can a credit union lend money to members at reduced rate
Answer:
Credit unions are able to offer lower rates compared to traditional banks because of their business structure. Most banks are for-profit companies, meaning they reinvest their income to earn more profit or they pay it out to shareholders. Banks are also subject to federal and state income taxes.
how to calculate a trial balance
Answer:
Here is the answer
hope it helps u
Please mark As Brainliest
( ^_^ ) BTS ARMY GIRL ( 방탄소년단 )Whats is the purpose of strikerbreakers ?
1. What industry forces might cause a propitious niche to disappear?
If the market contracts, due to internal or external factors, then the demand for the goods and services that the firm sells will fall and thus, a propitious niche will disappear. and, if the market expands, and the company fails to meet the increased demand, then also the propitious niche will vanish.
If you had to formulate some goals for cash buil,what would they be
Answer:
I would want them to be a reasonable price. I would also want them to be a reasonable goal.
Explanation:
I would want them to be a reasonable or average goal.
You have been asked to study the effects of an employee-wide training program, in a company of 500 employees, designed to reduce the amount of customer complaints. Describe how you would carry out the study, including the variable or variables you would collect, how you would measure those variables, and what would indicate success.
The effects of an employee-wide training program, will be done to improve the employee performance via good training programs.
What is the research about?The research method will be a qualitative research. In the work, we are going to analyze and understand and see the theoretical aspect and models linked to employee development via training and development programs, and the influence on employee performance.
The study will give a background about good training effectiveness and how it leads to boasting the employee performance as well as others.
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Which form of business ownership is an ideal way to test new business ideas?
Sole proprietorship is a business ownership that ideal way to test new business ideas
What are new business idea?This are ideas that have not been existing before, which an individual uses to improve on his or her business.
It could be a collective idea or an individual idea.
Therefore,
Sole proprietorship is a business ownership that ideal way to test new business ideas
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-transposition
-reversal of entries
-original entry
-omission
•Ethan records $1,000 as a rent expense; however, the actual rent paid was
$1,500.
•Ethan records stationery expenses as $251, but it should have been $215.
•Ethan records salaries of $5,000 as credits instead of debits.
•Ethan made a subtraction error while analyzing the profit on the sale of an
asset.
•Ethan completely overlooked stationery expenses of $115.
calculation
1000
Match each definition to each example.
Accounting error are errors committed in accounting, which are not intentional.
What is accounting error?These are unintentional errors committed in accounting, which are often corrected when spotted.
Matching each definition to each example is shown below:
Ethan records $1,000 as a rent expense; however, the actual rent paid was $1,500 Original entryEthan records stationery expenses as $251, but it should have been $215 TranspositionEthan records salaries of $5,000 as credits instead of debits. Reversal of entriesEthan made a subtraction error while analyzing the profit on the sale of an asset. CalculationEthan completely overlooked stationery expenses of $115. OmissionLearn more about accounting errors here : https://brainly.com/question/25671660
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On June 1, Barlow Inc. performed services and billed its client, Bertram Enterprises $1,500. On June 9, Bertram paid the account in full. The combined effect of these two transactions on Bertram’s tabular analysis is:
The effect of these two transactions is that, Bertram liability towards the payment of the amount of bill will decrease on June 9.
What is bill?A bill is defined as an instrument that is given to another person as a proof of purchase, and it also denotes that how much the amount would be paid by one person to another.
On June 1, Barlow Inc. completed work for Bertram Enterprises and billed them $1,500. Bertram paid the account in full on June 9th.
Bertram's tabular analysis is affected by the combined effect of these two transactions, are shown in the image below.
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Several coworkers of yours at the local swimming pool have been taking snacks from the snack bar without paying. This is an example of:
O property deviance.
O production deviance.
O personal aggression.
O political deviance
This is an example of property deviance. Thus the correct option is (B).
What is production deviance?Production deviance is conduct that formally transgresses the established organizational standards on the minimal standard of quantity and quality of work that must be completed in order to perform one's duties.
The coworkers are wasting the resources of the company and as well as polluting the swimming pool by eating snacks. This is an appropriate example of property deviance.
Thus the correct option is (B).
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Question 6 of 20
A product with a high level of elasticity of demand has which feature?
A. Demand for the product consistently falls over time.
B. Demand for the product rises and falls depending on
circumstances.
C. Demand for the prodt consistently rises over time.
D. Demand for the product is limited to a very small group of
A product with a high level of elasticity of demand has the feature of the B. Demand for the product rises and falls depending on circumstances.
What is Elasticity of Demand?This refers to the extent to which there is a price change that causes a product to have a change in demand.
Hence, we can see that when there is a high elasticity of demand, it is usually because there is a variable change in the quantity demanded in relation to its price and this means that B. Demand for the product rises and falls depending on circumstances.
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The most common term for marginal utility is
Answer:
The concept of marginal utility is used by economists to determine how satisfaction levels influence customer decisions. The law of diminishing marginal utility has also been found by economists. It describes how the first unit of an item or service consumed has more utility than subsequent units.
Explanation:
Answer:
law of diminishing marginal utility.
Explanation:
Economists use the idea of marginal utility to gauge how satisfaction levels affect consumer decisions. Economists have also identified a concept known as the law of diminishing marginal utility. It describes how the first unit of consumption of a good or service carries more utility than later units.
I'LL MARK BRAINLIEST PLEASE ANSWER FAST (14 POINTS)
To achieve your overall vision of your life, you’re going to have to piece together a lot of _____________ and effort.
A. different parts of your life
B. memories
C. different goals
D. different regrets
Answer:
The answer is B :)
Explanation:
Questions:
1. What can be done to encourage the sales force to engage in more cross-selling?
2.
Does the current FAM trip program serve as a motivational tool for the sales force? Justify your
response.
3. Discuss what is needed in terms of sales incentives and sales controls to achieve the objectives
of International Travel Agency
1. To encourage the sales force to engage in more cross-selling:
Give salespeople more attractive and rewarding incentives.Offer loyalty perks to customers.Identify the specific products for cross-selling.2. We can conclude that the current FAM trip program serves as a motivational tool for the sales force because a Familiarization trip gives the salespeople firsthand experience.
3. For the sales incentives and sales controls to achieve the objectives of the International Travel Agency, they must:
Be easy to operate and maintainUser-friendly for the sales and finance teamsProvide reasonable ROI measurement tools.What is cross-selling?Cross-selling is the marketing practice that encourages salespeople to market additional or related products or services to existing customers who are currently making some purchases.
Some of the advantages of cross-selling include:
Boosting sales revenueIncreasing customer satisfactionBuilding customer engagementCreating solid and lasting customer relationships.Thus, to encourage the sales force to engage in more cross-selling, offer:
Salespeople - more incentivesCustomers - loyalty perkEnsure the customers are not confused.Learn more about cross-selling at https://brainly.com/question/4978438
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Based on the Americans with Disabilities Act, organizations may be deemed discriminatory to those with disabilities if they
According to the Americans with Disabilities Act organizations may be deemed discriminatory to those with disabilities if they are biased with employment.
What are the Americans with Disabilities Act?ADA for short is an act that protects the rights of persons living with disability in America, especially in Transportation, communication, employment, and access to government services.
The purpose of this act is to make everyone inclusive in all areas of society.
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Please identify a firm using the various variables used in SCM and OHS&S as per legal requirements.
Canadian Tire Corporation is an example of Canadian firm involved in global operations and SCM.
How the company makes use of SCM and OHSThe company makes use of occupational safety and health and also supply chain management to ensure that the key operations in the firm are being carried out.
The company has over 1700 stores in the Canadian nation. They have workers that are about 100000. This form is one of the biggest retail shops in the nation.
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A key difference between an IRA and keogh plan is:
a) you may withdraw your money early from a keogh plan without penalty, but not from an IRA
b) you may contribute more to a keogh plan than to an IRA
c) self-employed individuals may open an IRA, but not a keogh
A key difference between an IRA and a Keogh plan is you may contribute more to a Keogh account than to an IRA.
What is a Keogh account?An account, the facility of which is granted to self-employed professionals who are involved in sole proprietorship and partnership businesses for the purpose of retirement plans and benefits is known as a Keogh Account.
An IRA, on the other hand, is a facility provided to employed individuals or professionals for the better management of their retirement plans and benefits.
Hence, option B holds true regarding a Keogh Account.
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Match the given scenarios to the different phases in business cycle.
-Onyx Corp. has decided
to make long term
investments
-The economy of the country
has recorded its highest
employment rate
-Jewel Inc. has decided
to lay off some of its
employees
-Jones family's purchasing
power is higher than ever
-Onyx Corp. is hiring
workers for its factory
-Jewels Inc.'s sales
have dipped
expansion phase
peak phase
recession phase
The business cycle is classified into the birth phase, expansion phase, peak phase and recession phase.
What is a business cycle?This is an economic cycle that consist of recession, recovery, growth, and decline of a firm or a country economy.
The stage where Onyx Corp. has decided to make long term investments is the expansion phase.The stage where the economy of the country has recorded its highest employment rate is the peak phase.The stage where Jewel Inc. has decided to lay off some of its employees is the recession phase.The stage where Jones family's purchasing power is higher than ever is the peak phase.The stage where Onyx Corp. is hiring workers for its factory is the expansion phase.The stage where Jewels Inc.'s sales have dipped is the recession phase.Read more about business cycle
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can u solve this plsss
The main reason why the Japanese liberalized the bank mergers in Japan was to protect the economy and prevent an economic crash.
What is Financial Liberalization?This refers to the removal of regulatory control in the financial sector to promote economic growth.
The government of Japan faced an economic crash that threatened to cripple the economy due to stock market crash, failing banks, etc and there was the use of risk-based capital to try and prevent this, amongst other solutions.
Hence, we can see that the key aspects of the liberalization program were:
MergersAcquisitions.The key criticism of the program is that it failed to address the scale of the problem and the solution was only short-term.
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The United States has laws meant to stop any one company from dominating
an entire industry. If a company gets to be too large and powerful, it is
possible for the government to force it to break into several smaller
companies.
This situation is an example of which characteristic of the U.S. economy?
A. Limiting the role of government
B. Motivating businesses to maximize profits
C. Promoting competition
D. Prioritizing individual freedom
Answer:
D. Prioritizing individual freedom is the answer.
Explanation:
Customers who purchase an item on account usually do so with a
—
Customers who purchase an item on account usually do so with a credit or debit card or a financial program.
What is a credit card?A credit card is a payment card that allows the cardholder to borrow money up to a certain limit in order to make purchases or withdraw cash. The borrower is then required to pay back the borrowed amount, along with interest, at a later date. Credit cards also typically offer rewards or cash back for purchases made with the card.
Therefore, a customer who purchased an item on account usually do so with a credit, or debit card or any other financial program.
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Alpha Software Inc. made an advance rent payment of $6,000 for its warehouse. The accounting period for which the company paid the rent was from January to June 2014. The accountant recorded a rent payment of $1,000 in the month of January, 2014. Which accounting principle guides this action? A. accounting periodicity B. matching principle C. historical cost D. business entity
Based on the fact that the accountant recorded the rent payment for the month of January, the principle here is the B. matching principle.
What is the matching principle?The matching principle calls for apportioning expenses to the period they were incurred so that they can be matched with the revenue in that period.
The accountant recorded $1,000 for rent in January $1,000 would be apportioned per month based on the total rent paid for 6 months.
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