The classification of the scenarios as either a competitive market or not are as follows:
In a college town, students choose between two providers of wireless internet access. All student housing is wired for both companies, and the internet service offered by both providers is equally fast and reliable - Competitive market.Dozens of clothing manufacturers produce plain black undershirts. Consumers view plain black undershirts as identical and have no preference which company makes their undershirts. - Competitive market.In a large city, one chain of coffee shops controls a large market share because locals believe its coffee tastes better than that of its competitors. - Non-competitive marketWhat is a competitive market?A competitive market means a structure in which no single consumer or producer has the power to influence the market. The market response to supply and demand fluctuates with the supply curve, a representation of a product's quantity. Since the competitive market means the producer must be willing to sell a product according to what the market pays, then, the supply curves adjust to keep the producer's costs relative to its sales.
Some of the features of Perfectly Competitive Market includes:
large number of buyers and sellershomogenous productsfree exit and entry of firmsperfect knowledge among buyers and sellersno transport costsperfect mobility of factors of production.Read more about competitive market
brainly.com/question/1748396
#SPJ1
when an economy is operating above full employment, we expect prices to adjust upwards. group of answer choices true false
Prices should increase if an economy is performing over full employment. It is True.
What exactly is an economy?The economy is a set of interconnected production and consumption activities that ultimately determine how resources are allocated within a community. The manufacturing activities plus consumption of the products in general satisfy the locals who reside nearby and do commerce there.
What do you call the current economic climate?This same American economy is diverse and has components of both capitalism and socialism. Any such market economy supports that free market when it comes to the use of capital, but it also allows for government engagement for the greater good.
To know more about economy visit:
https://brainly.com/question/14479528
#SPJ4
. a partnership begins its first year with the following capital balances: lo 14-9 lo 14-6 the articles of partnership stipulate that profits and losses be assigned in the following manner: ∙ each partner is allocated interest equal to 5 percent of the beginning capital balance. ∙ bertrand is allocated compensation of $45,000 per year. ∙ any remaining profits and losses are allocated on a 3:3:4 basis, respectively. ∙ each partner is allowed to withdraw up to $25,000 cash per year. assuming that the net income is $115,000 and that each partner withdraws the maximum amount allowed, what is the balance in coloma’s capital account at the end of the year?
A capital account is used in accounting to file man or woman possession rights of the proprietors of a company.
The capital account is recorded on the balance sheet and is composed of the following items: Owner's capital contributions made when creating the employer or following the creation, as required with the aid of the business.
Is a capital account an asset?The capital account in a organisation ability the monetary account that measures the contributions of every proprietor in the structure of money or an asset, and a present day account measures a company's net income.
For example, if Susan opens a flower shop, invests her own cash into the business enterprise and applies for a financial institution mortgage to hire a space, she is the sole proprietor of that flower shop. Therefore, the flower shop's stability sheet capital account would read: "Susan, Capital Account."
Learn more about capital accounts here:
https://brainly.com/question/15300072#SPJ4Brew-at-home is entering a foreign market and is spending significant funds on educating customers about the benefits of making beer at home with its beer-making system. The cost the company is spending on education is a type of __________ cost.
The cost company in a foreign market is spending on the education is a type of pioneering cost.
What are foreign markets?Markets outside of a company's home nation are referred to as foreign markets. Dealing with various linguistic and cultural barriers as well as legal and administrative requirements is part of selling in international markets. Businesses that want to enter a new market must thoroughly investigate the prospective opportunities and develop a market entry plan. The initial step to entering a foreign market is frequently exporting goods (which can lead to setting up a business presence there). When expanding into a new nation, it can be helpful to hire a foreign sales agent, a native who is familiar with the culture of the target foreign market.
To learn more about foreign markets. visit
https://brainly.com/question/14509293
#SPJ4
which of the following is true of the impact of financial leverage?multiple choice question.it protects gains but magnifies losses.it protects gains and minimizes losses.it magnifies gains but protects against losses.it magnifies gains and losses.
The impact of debt on equity return is referred to as the leverage effect: The owner's return on equity may rise as a result of the additional debt. This holds true so long as the project's total return exceeds the cost of additional debt.
Which elements influence financial leverage?Profitability, company size, growth opportunities, the tangibility of assets, and industry median leverage are these factors. The ratio of earnings before interest and taxes to total assets is a measure of profitability.
Is financial leverage associated with gains?The utilization of monetary influence additionally has esteem when the resources that are bought with the obligation capital acquire more than the expense of the obligation that was utilized to fund them. The use of financial leverage boosts the company's profits in both of these scenarios.
To learn more about financial leverage here
https://brainly.com/question/28145647
#SPJ1
artifacts produced by the mimbres culture in the american southwest are sought by collectors and the sites of that culture have been heavily looted to meet the demand. the type of mimbres artifact that is most valued by collectors is
On the antique market, Mimbres ceramics are among the most sought-after items. The kind of Mimbres item that collectors value the most is. decorated bowls.
What are Mimbres artifacts?The term "Mimbres" alludes to the Mimbres Valley in modern-day southwestern New Mexico, where Native Americans resided and produced these clay items between the years 1000 and 1100 AD. The striking effect of the detailed black patterning was achieved using a slurry mixture of clay and water, together with an iron-based mineral pigment.
One of the most well-known ceramic styles in the Southwest is Mimbres pottery. Although Mimbres Ware is frequently referred to as whiteware, it is actually brown ware that has been painted with motifs that range from red to black and slipped with white.
Learn more about Mimbres artifacts, from:
brainly.com/question/2234483
#SPJ1
which of the following statements is false? group of answer choices because forecasting exchange rates is subject to considerable error, managers of multinational corporations should complement their forecast with one from another source. the ability to forecast currency values may vary with the currency of concern. managers of different functional areas at a multinational corporation should use its proprietary model to forecast exchange rate movements so that the extreme forecasts cancel each other out and the average forecast represents the most likely outcome. managers should be skeptical of foreign projects that are feasible only if one particular model is used to forecast exchange rate
Projections should typically be developed by a centralized department rather than a department that is only responsible for the sales of a certain product in order to apply forecasting exchange rates uniformly. This statement is false.
Forecasts of exchange rates' projected values for the following four quarters are made every three months. They are carried out by economists and currency experts who work for investment banks and portfolio management companies.
To assess the foreign-denominated cash flows involved in international transactions, exchange rate projections are required. Forecasting currency rates is crucial for assessing the advantages and dangers of the global economic environment.
Forecasts based on these "wrong" parameters may be more off-base than those produced by a random walk if the coefficient values are distorted from their real values.
Complete question:
Which of the following statements is FALSE?
A - The ability to forecast currency values may vary with the currency of concern.
B - Because forecasting exchange rates are subject to considerable error, managers of multinational corporations should complement their forecasts with one from another source.
C - To apply FX forecasts consistently, forecasts should normally be established by a centralized department and not form a department focused on the sales of a particular product.
D - Managers of different functional areas at a multinational corporation should use its proprietary model to forecast exchange rate movements so that the extreme forecasts cancel each other out and the average forecast represents the most likely outcome.
E - Managers should be skeptical of foreign projects that are feasible only if one particular model is used to forecast the exchange rate.
To learn more about forecasting exchange rates
https://brainly.com/question/29214297
#SPJ4
The market mechanism might leave some people with too little income and others with too much. The government uses taxes and transfers to redistribute income more fairly.
Program Recipient Group Number of Recipients Value of Transfers
Social Security Retired and disabled workers 67 millions $1,002 billion
Medicare Individuals over age 65 59 millions $ 620 billion
Medicaid Medically needy individuals 75 millions $ 400 billion
Unemployment Compensation Unemployed workers 6 millions $ 30 billion
Calculate the average benefit a recipient of Medicaid receives. Instructions: Round your response to the nearest dollar. $ 1500
The market mechanism might leave some people with too little income and others with too much. Economic inequality has gained prominence in the global policy discussion after years of essentially being ignored.
The apparent effects of globalization and technological progress, as well as the expense of reversing these trends, are causing worry in industrialized countries. The question is whether inequality provides a significant barrier to boosting development and eradicating poverty in developing economies, where inequality is higher. In both situations, income redistribution may lead to more equality, quicker growth, and, for emerging economies, quicker poverty elimination.
There is definitely a compelling justification for allocating resources from those at the top of the income spectrum to those at the bottom in nations where development is good but helps the poor significantly less than the non-poor.
To know more about market mechanism visit:
https://brainly.com/question/4608480
#SPJ4
pickwick production offered employees a defined-benefit retirement plan, in which retirees received benefits calculated on the basis of their age, earnings, and years of service. but the company didn't keep up with technology, and its earnings fell. when the stock market dipped, the company could no longer afford to keep paying for its retirement benefits. what protection will the retirees have in this situation? group of answer choices the pension benefit guarantee corporation will provide them with a basic benefit. the employees will receive a share of profits as part of the company's esop. because the plan was underfunded, the retirees will no longer receive benefits. the employees will receive payouts from their 401(k) plans. pickwick production must give the employees the option to sell their stock in the company.
Since the company could no longer afford to keep paying for its retirement benefits. The protection that the retirees have in this situation is option A: The Pension Benefit Guarantee Corporation will provide them with a basic benefit.
What does the Pension Benefit Guaranty Corporation aim to accomplish?For nay form of covered plans that are said to be experiencing financial difficulty or are contracting, the PBGC controls plan terminations and imposes specific reporting requirements.
Note that over 33 million active and retired workers' retirement benefits are safeguarded by the Pension Benefit Guaranty Corporation (PBGC).
Therefore, one can say that the basic pension benefits under the PBGC basic plan are guaranteed, including pension benefits at normal retirement age, the majority of early retirement benefits, as well as disability benefits, and annuity benefits for surviving members of pension plan participants and as such, option A is correct.
Learn more about Pickwick production from
https://brainly.com/question/25647237
#SPJ1
janet woo decided to retire to florida in 6 years. what amount should janet invest today so she can withdraw $50,000 at the end of each year for 20 years after she retires? assume janet can invest money at 6% compounded annually
To be able to withdraw $50,000 every year at the end of her retirement for 20 years, Janet should invest $705,218.61 today.
How to calculate the present value?It is appropriate to use the formula A=P(1+r)n.
A = The total amount accrued after six years, where (this is the amount from which the yearly withdrawals will be made for the 20 years after retirement)
P=investment Today's amount,
r=Compound annual interest for the six years prior to retirement.
The investments will be made over a period of n years.
As a result, A= Annual Withdrawals*20 Years = $50,000*20 Years = $1,000,000
r= 6% Years = 0.06 Years = 6 Years
P= A/{(1+r)^n} = 1,000,000/{(1+0.06)^6} = $705,218.61
He ought to invest $705,218.61 right now.
Learn more about compound interest, from:
brainly.com/question/14295570
#SPJ1
you have a $50,000 portfolio consisting of intel, ge and con edison. you put $20,000 in intel, $12,000 in ge and the rest in con edison. intel, ge and con edison have betas of 1.3, 1.0 and 0.8 respectively. what is your portfolio beta?
Total Value of portfolio = $50,000; beta of intel, b1 = 1.3; beta of GE, b2 = 1; beta of Con Edison, b3 = 0.8
Intel = $20000 ; GE = $12,000; Con Edison = 18,000
weight of Intel stock, w1 = 20000/50000 = 0.4
weight of GE stock = 12000/ 50000 = 0.24
weight of Con Edison stock = 18000/50000 = 0.36
Formula to calculate the portfolio beta is = w1 * b1 + w2*b2 + w3*b3
= 0.4 * 1.3 + 0.24* 1 + 0.36* 0.8 = 0.52 + 0.24 + 0.288 = 1.048
Portfolio beta = 1.05 (rounding off to nearest two decimal places)
Any mix of financial assets, including stocks, bonds, and cash, is referred to as a "portfolio." Individual individuals may hold portfolios, or financial experts, hedge funds, banks, and other financial organizations may manage them. A portfolio should be created taking the investor's risk appetite, time horizon, and investment goals into consideration. This is a widely accepted principle. The risk/reward ratio of the portfolio may be impacted by the monetary value of each item.
The goal of asset allocation is to maximize expected return while minimizing risk. This is an illustration of a multi-objective optimization problem; there are numerous effective solutions and the best one must be chosen by weighing the trade-off between risk and reward.
To know more about portfolio visit:
https://brainly.com/question/17165367
#SPJ4
Vin Motors, a car manufacturer, recently announced a 10 percent price cut for its premium cars. This move by Vin Motors led other car manufacturers to reconsider the prices of their cars. In the context of a firm's environment, Vin Motors is most likely to have directly influenced the A. O technological environment B. O intrinsic environment C. competitive environment D. O ergonomic environment E. O economic environment
Vin Motors, a car manufacturer, recently announced a 10 percent price cut for its premium cars. This move by Vin Motors led other car manufacturers to reconsider the prices of their cars. In the context of a firm's environment, Vin Motors is most likely to have directly influenced the technological environment Option B
What is the technological environment?Generally, Changes in the production, manufacturing processes, utilization of equipment, and overall product quality are all examples of what is meant by the term "technological environment."
It encompasses the force that is associated with scientific advances and improvements in goods in addition to technological advancements in manufacturing.
The use of one or more of environmental science, green chemistry, environmental monitoring, and electronic equipment is an example of environmental technology, often known as green technology or environmental technology and sometimes known as clean technology.
Read more about the technological environment
https://brainly.com/question/9936560
#SPJ1
chapter 11 shows that increased government purchases, with taxes held constant, can eliminate a recessionary gap. how could a tax cut achieve the same result?
Taxes can be maintained while closing a recessionary gap. Tax cuts would boost disposable income.
A tax cut is a reduction in the amount of money taken from taxpayers to fund government revenue. Tax cuts reduce government revenue while increasing taxpayers' disposable income. Tax cuts are commonly used to describe reductions in the percentage of tax paid on income, goods, and services.
Tax reductions, according to supporters, boost disposable income for an individual or family, encourage spending, and aid in economic expansion. Tax cuts, according to critics, only help the wealthy while cutting back on essential government services for the underprivileged.
To know more about tax cuts, click here.
brainly.com/question/13050746
#SPJ4
FILL IN THE BLANK. The big advantage of advertising an upcoming concert via alternative publications, such as local arts weeklies, versus mainstream daily newspaper is ______.
The big advantage of advertising an upcoming concert via alternative publications, such as local arts weeklies, versus mainstream daily newspaper is it is less expensive and more demographically focused.
What is a newspaper?A newspaper is a periodical publication that features text about current events and is frequently typed in black ink on a white or gray backdrop. Newspapers can cover a wide range of topics, including politics, business, sports, and the arts. They also frequently feature articles, weather forecasts, evaluations of regional services, obituaries, birth announcements, crossword puzzles, editorial cartoons, comic strips, and advice columns. The majority of newspapers are businesses, and they use a combination of subscription, newsstand, and advertising revenue to cover their costs. Newspaper is a common metonym for the journalism companies that produce newspapers.
To know more about newspaper visit:
https://brainly.com/question/19434214
#SPJ4
In general, it is possible to eliminate ________ risk by holding a large portfolio of assets.
Idiosyncratic hazard can usually be mitigated in an investment portfolio thru the use of diversification
What are idiosyncratic risks?Idiosyncratic risk refers to the inherent elements that can negatively have an impact on person securities or a very unique group of assets. It is also recognised as specific, or unsystematic risk. Certain securities will naturally have extra idiosyncratic chance than others
What is an instance of idiosyncratic risk?Idiosyncratic threat refers to inherent risks one of a kind to a company. Systematic threat refers to broader traits that should have an impact on the average market or sector. An example of idiosyncratic chance would be suddenly bad sales of a precise new version of the iPhone. That threat would be unique to Apple (AAPL).
Learn more about Idiosyncratic risk here:
https://brainly.com/question/14125662#SPJ4the bond amortization schedule of kroken company shows that cash paid for interest exceeds interest expense. from this information we can infer that the bonds were issued at:
'The bond amortization schedule of broken company shows that cash paid for interest exceeds interest expense. from this information, we can infer that the bonds were issued at a premium.
A retired bond is a bond in which the principal (par value) of the debt is repaid periodically along with interest over the life of the bond. Fixed-rate mortgages are a common example. This is because the monthly interest rate is constant for the period, say 30 years.
Amortization is an accounting policy used to reduce the carrying amount of a loan or intangible asset periodically over a specified period. For loans, amortization focuses on the distribution of loan payments over time.
Similar to the depreciation of property, plant and equipment, there are three main depreciation methods: straight-line method, accelerated method, and unit-of-production method.
Learn more about bond amortization https://brainly.com/question/13931019
#SPJ4
4. the five phases of a hazardous material's life does not include production, transportation, storage, elimination, and disposal. a. true b. false
It is false that the five phases of a hazardous material's life does not include production, transportation, storage, elimination, and disposal.
What are Hazardous Materials?For an investor's or client's operations, it can be required to use potentially hazardous products. Hazardous materials are substances that, because of their physical or chemical characteristics, endanger human health, property, or the environment.
Finally, hazardous materials are substances or chemicals that have the potential to harm the environment, human health, or both. As a result, these items include dangerous chemicals, household products, sharp objects in the trash, and other things.
Learn more about hazardous material's here: https://brainly.com/question/27318175
#SPJ1
for a plaintiff to recover damages under section 10(b) of the securities exchange act of 1934 and sec rule 10b-5, proof of intent is necessary. true false
For a plaintiff to recover damages under section 10(b) of the securities exchange act of 1934 and sec rule 10b-5, proof of intent is necessary. This statement is true.
What is liability in terms of exchanges?A liability is a debt that a person or business has, typically in the form of money. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.
Loans, accounts payable, mortgages, accumulated revenue, borrowings, guarantees, and accrued expenses are all listed as liabilities on the balance sheet's right side. Assets and liabilities are comparable. Debt is defined as what you owe or have to pay back. Things that you own or owe you money are assets.
A liability is typically defined as a contract between two parties that has not been fulfilled or paid. Financial liabilities are responsibilities in the realm of accounting, although they are typically determined by previous business transactions, events, sales, exchanges of assets, or services.
To know more about Liability, refer:
brainly.com/question/14921529
#SPJ4
For members of what the diffusion of innovation theory calls the early majority, the recommended strategy for promoting a new technology is to _____.
For members of what the diffusion of innovation theory calls the early majority, the recommended strategy for promoting a new technology is to provide them with evidence of the system's effectiveness and success stories.
According to the diffusion of innovation theory, in order to promote a new technology one needs to lure the customers into thinking that why the particular product is effective and also there shall be stories that represent how the product benefitted the customers who used the new technology.
Without these promotional strategies, people will not be convinced for the new technology. Any kind of new technology that is brought into the market has to be proven effective through success stories.
To learn more about technology, click here:
https://brainly.com/question/25110079
#SPJ4
Complete the first row of the table with the quantity of burritos that can be bought with $700. Hint: In this problem, assume it is not possible to buy a fraction of a burrito, and always round down to the nearest whole burrito. For example, if your calculations result in 1.5 burritos, the answer should be 1 burrito. Price of a Burrito Burritos Bought with $700 Year (Dollars) (Quantity) 2018 4.00 ________
2019 ____ ________
Suppose the government of Snackistan cannot raise sufficient tax revenue to pay its debts. In order to meet its debt obligations, the government prints money. As a result, the money supply rises by 20% by 2019. Assuming monetary neutrality holds, complete the second row of the table with the new price of a burrito and the new quantity of burritos that can be bought with $700 in 2019. The impact of the government's decision to raise revenue by printing money on the value of money is known as the
175 burritos are the number of burritos that may be purchased with $700.
When a government prints money to raise money, it has imposed an inflation tax.When the government prints money and prices rise, the value of the money that people now own diminishes. An inflation tax is a charge placed on people who own money.
What takes place when currency is printed?Yes, "printing" additional money causes inflationary pressure. When there is more money circulating through the economy, economic growth is more likely to happen at the risk of price instability.
What can occur if the government prints an excessive amount of money?If the government prints too much money, those who make a living by selling things raise the prices they charge for their products, services, and labor. As a result, the newly created currency loses value and purchasing power. In fact, if the government issues too much money, it starts to lose value.
A hypothetical country produces only Burritos.
In 2018, a burritos price = $4
So, in 2018 the number of burritos can be bought by $700 = [tex]\frac{700}{4}[/tex]
=175 burritos
As a result, 175 burritos can be purchased in the year 2018 for $700.
Learn more about purchasing power: https://brainly.com/question/28461828
#SPJ4
which of the following would best indicate that the firm is carrying excess inventory? a. a decline in sales b. a decline in the current ratio c. a decline in days' sales in inventory d. a stable current ratio with declining quick ratios e. a rise in total asset turnover
The best indicator that the firm is carrying excess inventory is stable current ratio with declining quick ratios.
Excess inventory can lead to a number of operational issues and financial constraints.
You may have too much inventory if your current ratio remains constant over time while your quick ratio gradually decreases. A corporation may have a serious shortage of other liquid assets and be heavily dependent on inventory if its quick ratio is significantly lower than its current ratio.
Having too much inventory results in a loss of revenue. Excess inventory depreciates in value and takes up "shelf space" that could be occupied by a newer product with a higher profit margin when demand for a particular product drops over time.
Therefore, the correct option is d. a stable current ratio with declining quick ratios.
To learn more about current ratio here:
https://brainly.com/question/28214599#
#SPJ4
In a merge situation, the right of way goes to the car occupying the lane into which other cars are merging. True False
False, Under these conditions is the car can enter its lane and to avoid the rampage on the road. If we drive according to the rules, it will avoid accidents.
Accidents in traffic are very likely to occur, this can occur due to internal factors or external factors. One of the internal factors is drowsiness, driving while playing on a cellphone, and not focusing. for external factors are other vehicle user errors and damage to traffic tools such as traffic lights that are not active on time. If an accident occurs, it will have an impact on yourself and others. Even the worst impact is the loss of one's life.
You can learn more about Accidents here brainly.com/question/1235714
#SPJ4
Which of the following occurs when parties agree that they simply wish to discharge each other from their mutual obligations and, therefore, rescind or cancel the contract?
Multiple Choice
Accord and satisfaction
Novation
Substituted contract
Mutual rescission
Accord and abeyance
Mutual rescission occurs when parties agree that they simply wish to discharge each other from their mutual obligations and, therefore, rescind or cancel the contract.
The contracting parties may agree to mutual cancellation. Example: Two contractors have agreed to a contract to cooperate on a construction project, but have lost many employees at the same time.
A mutual termination and termination agreement voids the contract and relieves both parties of their obligations, allowing them to continue business as usual without the breach of contract affecting them. The revocation may occur if one of the parties to the contract is not legally entitled to enter into the contract.
Learn more about Mutual rescission https://brainly.com/question/29567814
#SPJ4
pick the main result of president roosevelt's depression-era effort to encourage every young person to attend high school.it allowed teens to move off farms and accept factory jobs.it helped the united states win world war ii.it reduced intelligence quotient (iq) differences between farm children and city children.it created a generation gap between teens and their parents.
The main result of President Roosevelt's depression-era effort to encourage every young person to attend high school is It created a generation gap between teens and their parents.
Melancholy is a not-unusual intellectual ailment. Globally, it is expected that 5% of adults be afflicted by the disorder. it is characterized by using continual disappointment and a loss of interest or delight in previously rewarding or exciting sports. it is able to also disturb sleep and appetite. Tiredness and negative attention are not unusual.
Depression would not simply affect the mind; it additionally affects the body. some of the physical outcomes include erratic sleep behavior, lack of appetite (or extended appetite with bizarre depression), regular fatigue, muscle aches, complications, and again pain.
Learn more about depression here https://brainly.com/question/441267
#SPJ4
atch the bond features with the party/parties for whom they are most beneficial.
callable
convertible
Primarily beneficial for lender (bond issuer)
Beneficial for both, the borrower (bond issuer) and lender (bond investor)
Callable bond: Primarily beneficial for the lender (bond issuer)
Convertible bond: Beneficial for both, the borrower (bond issuer) and lender (bond investor)
A callable bond (redeemable bond) is a type of bond that provides the issuer of the bond with the right, but not the obligation, to redeem the bond before its maturity date. The callable bond is a bond with an embedded call option. Callable bonds may be beneficial to bond issuers if interest rates are expected to fall.
A convertible bond is a type of debt security that provides an investor with a right or an obligation to exchange the bond for a predetermined number of shares in the issuing company at certain times of a bond's lifetime.
Learn more about the callable bond here:
https://brainly.com/question/24129882
#SPJ4
good management practice suggests that there should be multiple copies of purchasing records, particularly purchase orders, invoices and credit memos. what is the minimum number of copies needed for these records?
The minimum number of copies needed for these records is two. The original document should be kept in the purchasing department's records and a copy should be given to the supplier.
The Benefits of Maintaining Multiple Copies of Purchasing RecordsWhen it comes to managing purchasing records, good management practice suggests having multiple copies of purchase orders, invoices and credit memos. This is important for document retention, as well as for providing evidence of purchases and payments should a dispute arise.
The minimum number of copies needed for these records is two:
The original document should be kept in the purchasing department's records, which serve as a legal record of the transaction. A copy should then be given to the supplier, so that there is a clear record of the request and payment.Having multiple copies of these records is also important for audit purposes. The purchasing department should be able to produce the original documents in order to demonstrate the accuracy of their records, and the supplier should have a copy of the documents to prove that they have been paid. This can help to ensure that both parties understand their obligations and require them to adhere to the terms of any agreement.
Learn more about Purchasing Records at: https://brainly.com/question/13464873
#SPJ4
on july 1, shady creek resort borrowed $380,000 cash by signing a 10-year, 9% installment note requiring equal payments each june 30 of $59,212. what is the journal entry to record the first annual payment?
The journal entry is -
Debit Interest expenses $34,200
Debit notes payable $25,012
Credit Cash $59,212
What is a journal entry?In order to document a business transaction in the accounting data of the company, a journal entry is employed. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized.
The date, the amounts to be credited and debited, a short outline of the transaction, and the accounts involved are all included in each journal entry along with other information pertinent to a single business transaction.
To learn more about journal entry
https://brainly.com/question/15889958
#SPJ1
Decisions related to are considered structured decisions at the operational management level of an organization. a. payroll b. setting queue priorities c. sales forecast d. accounts receivable
Decisions related to payroll are considered structured decisions at the operational management level of an organization.
A choice that is constantly made which is based purely on the inputs is said to be structured. When it comes to organized decisions, you also realize whatever outcome needs to be determined after you've gathered the pertinent data. Asset reorder levels are an illustration of a structured decision.
Choices that are structured follow a set pattern and are predictable. Solving these problems doesn't need the decision maker to use their judgment or intuition. As a result, this method of decision-making is straightforward and consistently produces the same outcome.
Learn more about decisions here:
https://brainly.com/question/29311115
#SPJ4
Assume that one year ago, you bought 380 shares of a mutual fund for $36 a share, you received a capital gain distribution of $0.60 per share during the past 12 months, and the market value of the fund is now $40 a share. o. Calculate the total return for your $13,680 investment Total return b. Calculate the percentage of total return for your $13,680 investment. (Enter your answer as a percent rounded to 2 decimal places.) Percent of total return
In keeping with the policies, an investor desires to be KYC (realize our client) compliant to make an investment in a mutual fund product.
The simplest way of doing that is to top off the form, attach a picture, PAN card copy, and a legitimate deal with proof, along with Aadhaar, passport copy, strength bill, or financial institution announcement.
(a)-general return for $13,680 investment
overall go back = (current price – purchase cost) + Dividend received
= [(380 x $40) – 380 x $36)] + (380 x $0.60)
= [$15,200 – 13,680] + $228
= $1,520 + $228
= $1,748
Total return for $thirteen,680 funding = $1,748
(b)-the percentage of overall return
Percentage of total return = [Total Return / Amount of Investment] x 100
= [$1,748 / 13,680] x 100
= 12.78%
“percent of overall return = 12.78%”
A mutual fund is a pool of cash controlled by way of a professional Fund manager. It is a belief that collects cash from a number of traders who share a not-unusual funding objective and invests the same in equities, bonds, money market instruments, and/or other securities.
Learn more about the mutual fund here
https://brainly.com/question/23601898
#SPJ4
____ computing means the organization owns their it infrastructure and maintains it in their data centers.
Cloud computing means the organization owns their it infrastructure and maintains it in their data centers.
What is Cloud computing?
Cloud computing is the on-demand use of computer resources housed in a distant data center and controlled by a cloud services provider, such as programs, servers (both physical and virtual), data storage, development tools, networking capabilities, and more (or CSP). These materials are made available by the CSP in exchange for a monthly subscription fee or usage-based charges.
Cloud service companies can utilize the full potential of their data center resources thanks to virtualization. You almost probably use some type of cloud computing every day if you use a computer or mobile device at home or at work, whether it's a cloud application like Salesforce, streaming video like Netflix, or cloud file storage like Dropbox.
To know more about Cloud computing refer:
https://brainly.com/question/11973901
#SPJ4
The Marchetti Soup Company entered into the following transactions during June:
(1) purchased inventory on account for $165,000 (assume Marchetti uses a perpetual inventory system);
(2) paid $40,000 in salaries to employees for work performed during the month;
(3) sold merchandise that cost $120,000 to credit customers for $200,000;
(4) collected $180,000 in cash from credit customers, and
(5) paid suppliers of inventory $145,000.
Post the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts are zero except for cash, accounts receivable, and accounts payable that had opening balances of $65,000, $43,000, and $22,000, respectively.
PLEASE USE T-ACCOUNT FORMAT WITH THESE TWO COLOUMNS
CASH ACCOUNTS RECEIVABLE
INVENTORY ACCOUNTS PAYABLE
SALES REVENUE COST OF GOODS SOLD
SALARIES EXPENSE
The Account payable debit is 145000 and cash credit 145000, account receivable credit 180000,Cost of merchandise sold debit is 120000,sales credit is 200000.
Transaction Account Title Debit Credit
1 Inventory 1,65,000
Accounts payable 1,65,000
2 Salaries expense 40,000
Cash 40,000
3 Accounts receivable 2,00,000
Sales 2,00,000
Cost of merchandise sold 1,20,000
Inventory 1,20,000
4 Cash 1,80,000
Accounts receivable 1,80,000
5 Accounts payable 1,45,000
Cash 1,45,000
Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders.
learn more about inventory here
https://brainly.com/question/15118949
#SPJ4