How do businesses maintain a formal record of financial transactions?
a) Publish an income statement b) Publish a balance sheet
c) Maintain a general journal
d) Utilize the Matching Principle
Businesses maintain a formal record of financial transactions through publication of income statement and balance sheet.
A formal record of financial transaction entails publication of periodic financial statement to allows users them to understand the financial position of the company.
The process of Bookkeeping with helps to record all financial transactions helps to publish an income statement and balance sheet.
The income statement and balance sheet are the two main financial record which depict the accurate position of the firms position.
Therefore, the Option A and B is correct.
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A contractor can spend at most $350 a day on operating costs and payroll. It costs $75 each day to operate the forklift and $55 a day for each crew member. Write an inequality to represent the contractor's budget for the day. 75 55x ≥ 350 75 55x ≤ 350 75x 55 ≥ 350 75x 55 ≤ 350.
An inequality to represent the contractor's budget for the day is [tex]75 + 55x \leq 350[/tex].
Let the number of crew member be x.Let the forklift operating cost be F.Let the total cost be T.Let the payroll be P.Given the following data:
Total expense [tex]\leq[/tex] $350
Forklift operating cost = $75
Payroll for each crew member = $55
To write an inequality to represent the contractor's budget for the day:
The contractor's budget for the day on operating costs and payroll must not exceed $350. Thus, the mathematical expression (inequality) for the contractor's budget in a day is represented as follows:
[tex]F+Px \leq T[/tex]
Substituting the given parameters into the formula, we have;
[tex]75 + 55x \leq 350[/tex]
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What do you think Madison needs to include in the fire prevention training plan?
The United States and Canada have the production possibilities curves shown above. It is determined that the United States has the comparative advantage in peanuts. Will both nations gain from trade if the terms of trade that are offered are 1 Peanut= 2 Corn? Why or why not? Show your work.
In an exchange term in which 1 peanut is offered in exchange for 2 corn, the United States benefits because it has a greater capacity to exchange peanuts, so it can obtain more corn.
The graph shows the production capacity of the United States and Canada to produce corn and peanuts. In the case of the United States, it has the capacity to produce 60 of each product while Canada only has the capacity to produce 60 of corn and 20 of peanuts.
According to the above, if an exchange is established between the two countries in which 1 peanut is exchanged for 2 corn, the United States would have an advantage since they have more peanuts to offer and the amount of corn they would receive at change would be greater (maximum 160 corn)
On the other hand, Canada only has the capacity to change 20 peanuts, which is equivalent to 40 corn. So the United States is at an advantage because it has more peanuts to offer and would have a greater reception of corn.
Note: This question is incomplete because the graph is missing. Here is the graph.
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What is a trend in business
Dr. Montgomery recently graduated from medical school and his wife bought him an engraved stethoscope. The stethoscope cost $160. 0. The sales tax in his city is 8%. What is the total cost of the stethoscope in dollars and cents including sales tax?.
That's correct :)
True or false :Equifax experian and transunion are legally obligated to provide identical information
It should be noted that Equifax experian and transunion are legally obligated to provide identical information.
What is Experian and Equifax?Experian and Equifax serves as a credit bureaus in the U.S that collect and research credit information.
They help individuals to rate the overall ability to pay back a debt.
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Professional real estate trade associations and state real estate Commissions help guide real estate licensees in the practice of their profession by creating A) a code of ethics. B) a special category of licensing for those who work free of charge for in-need clients. C) a business model for real estate professionals. D) a list of real estate licensees who promise to act ethically.
The real estate associations and Commissions help to guide the real estate licensees by creating the code of ethics.
Code of ethics refers to those set of principles which are required to guide professionals in the conduct of their business with integrity.
The real estate associations and Commissions help to guide the real estate licensees by creating the code of ethics.
The Realtors' Code of Ethics is divided into three major sections which includes:
Duties to Clients and CustomersDuties to the PublicDuties to Realtors.Therefore, the Option A is correct.
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at land rover, voluntary discussion groups of 4 to 12 employees met weekly to identify cost savings, improve product quality, and discuss work-related problems. although the teams were later phased out, their work was, in part, responsible for almost doubling production at land rover from 1993 to 1996.
Explanation:
you would have 5000
i hope i help you
a new machine with a purchase price of $109,000, with transportation costs of $12,000, installation costs of $5,000, and special acquisition fees of $6,000, would have a cost basis of:
Based on the information given the cost basis is $132,000.
Using this formula
Cost basis=Purchases price+ Transportation costs + Installation costs + Special acquisition fees
Where:
Purchases price=$109,000
Transportation costs=$12,000
Installation costs=$5,000
Special acquisition fees=$6,000
Let plug in the formula
Cost basis=$109,000+$12,000+$5,000+$6,000
Cost basis=$132,000
Inconclusion the cost basis is $132,000.
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Gareth bought a home for $135,000. The home gained 2. 2% in value every year for eight years until Gareth sold it. How much profit did Gareth make, to the nearest hundred dollars? a. $60,700 b. $25,700 c. $23,800 d. $29,100.
The amount of profit made by Gareth upon the sale of the home is $26,700.
Computation:
Given,
[tex]P[/tex] = Principal Amount of $135,000
[tex]i[/tex] = interest rate of 2.20%
[tex]n[/tex] =number of years are 8 years
First, the value of the home at the end of the 8th year will be computed by using the formula of future value.
[tex]\begin{aligned}\text{Future Value}&=P\times(1+i)^n\\&=\$135,000\times(1+0.022)^8\\&=\$160,672.27\end{aligned}[/tex]
Now, the profit will be computed by taking the difference of the future value of the home and the purchase price or the principal amount of the home.
[tex]\begin{aligned}\text{Profit}&=\text{Future Value\;-\;Principal Amount}\\&=\$160,672.27-\$135,000\\&=\$25,672.27\;\text{or}\;\$25,700\end{aligned}[/tex]
Therefore, at the time of sale of the home, the amount of profit gained by Gareth is $25,700.
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Answer:
b. $25,700
Explanation:
got it right
The ______ is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.
Based on project management, the Network Diagram is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.
Network Diagram in Project ManagementGenerally, Network Diagram is a tool used by project managers to visualize the whole concept before the work is carried out. It is also used throughout the project to determine how the work is to be done, including the duration and methods, sequence, and dependency.
Benefits of a Project network diagramVisual representation of work or project in progress.Ascertaining project workflows.Tracking dependencies and potential stoppages.Hence, in this case, it is concluded that the correct answer is Network Diagram.
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In the early days of the game industry, nearly all games were developed by designers, for designers. More specifically, what age-range/gender were the designers, and for what age-range/gender were they designing the games for?
Based on historical perspective, the age range of the early game designers is between 40 to 60years old. Also, the gender for which the games were being designed is male.
History of Game Designs.The history of game designs can be traced to William Higinbotham, a Physicist who created the first video game in 1958 at the age of 48 years.
William Higinbotham created the first video game during the Brookhaven annual visitors day to lighten the exhibition show.
The video game he created was tennis, known as "Tennis for Two," and the men in attendance played it.
Hence, in this case, it is concluded that the game designers were men, and they are in the age range of 40 to 60 years.
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arts stream padhne se aacha to python ya java ki book pdf download kar lo usse padh lo
Answer:
Hahahahahahahha is it that much difficult
Lopez Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2007. Because of a recently proven health hazard in one of its paints, the government has clearly indicated its intention of having Lopez recall all cans of this paint sold in the last six months. The management of Lopez estimates that this recall would cost $800,000.
Requried:
What accounting recognition, if any, should be accorded this situation?
The accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000.
Basically, an accounting recognition refers to the act of recording a business transaction in the firm's accounting records.
Because the management of Lopez estimates that this recall of all cans of paint sold in the last six months would cost $800,000, then, the entry will be as followsIn conclusion, the accounting recognition to be accorded in this situation is operating expense of $800,000 and liability of $800,000
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A savings account is a good choice for:
A. a high return on your investment.
B. retirement planning.
C. when you need easy access to your funds. .
о
D. basic savings and as an emergency fund.
Answer:
B. Basic savings and as an emergency fund
Explanation:
When the quantity supplied is greater than the quantity demanded:
Answer:
... you have lots of extra products lying around and often prices will drop.
What tool in Word can you use to search your entire document for spelling and grammar errors?
Grammar Fixer
Spelling Dictionary
Spelling Help
Spelling and Grammar Check
Answer:
Spelling and Grammar check.
Explanation:
Oil refining is an example of:
Construction Production
Extractive Production
Domestic Production
Traditional Production
Answer:
Explanation: step by step
Suppose In a Snap Ltd. Just issued a dividend of $1. 25 per share on its common stock. The company paid dividends of $. 85, $. 90, $1. 04, and $1. 10 per share in the last four years. If the stock currently sells for $45, what is your best estimate of the company’s cost of equity capital using the arithmetic average growth rate in dividends? What if you use the geometric average growth rate?.
perfectly competitive market in long run equilibrium. if demand decreases, we can be certain that price will
Answer:
fall in the short run. all, some, or no firms will shut down, and some of them will exit the industry. price will then rise to reach the new long-run
What kinds of products
and property do cyber-
protection laws cover?
Answer:
Act of threatening to share information about a person to the public, their friends or family, unless a demand is met or money is paid
Explanation:
an example of contractionary fiscal policy would be:
Answer:
increasing taxes and lowering government spending.
Explanation:
When the government lowers taxes, consumers have more disposable income.
When countries specialize in the production of goods they have the comparative advantage in, both ___________ and ___________________ will increase
Based on the question above, demand and supply will increase.
Demanddemand is the quantity of a good that consumers are willing and able to buy at various prices during a given period of time.Supply supply is the amount of a resource that firms, manufacturers, labourers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or to an individual.Therefore, the correct answers are demand and supply.
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One difficulty in using voluntary transactions to internalize externalities is that: _____________
a. the government usually will not enforce contracts of this type.
b. people are motivated by self-interest and are often unwilling to engage in a transaction that might make another person better off.
c. transaction costs of coming to an agreement can be very large when numerous people are involved.
d. people usually don't understand what the real opportunity costs are that they face.
Answer:
jesus
Explanation:
lol
what is 450x12 PLZ HELP ME I NEED HELP
Answer:
5400
quick and easy thank u
You plan on making a $235. 15 monthly deposit into an account that pays 3. 2% interest, compounded monthly, for 20 years. At the end of this period, you plan on withdrawing regular monthly payments. Determine the amount that you can withdraw each month for 10 years, if you plan on not having anything in the account at the end of the 10 year period and no future deposits are made to the account. A. $769. 27 b. $767. 23 c. $78,910. 41 d. $79,120. 84.
Answer:
10
Explanation:
The amount of money that can be withdrawn each month for 10 years is equal to: A. $769. 27.
Given the following data:
Time = 20 yearsMonthly payment = $235.15Interest rate = 3.2%To determine the amount of money that can be withdrawn each month for 10 years:
First of all, we would convert the compounded interest rate into an effective monthly interest rate as follows:
[tex]r = \frac{0.032}{12} = 0.00267[/tex]
Next, we would calculate the future value for these annuities by using this formula:
[tex]A = \frac{P[(1+r)^{12t} - 1]}{r}[/tex]
Where:
A is the future value.P is the monthly payment or principal.r is the effective monthly interest rate.Substituting the given parameters into the formula, we have;
[tex]A = \frac{235.15[(1+0.00267)^{12 \times 20}\; - \;1]}{0.00267}\\\\A = \frac{235.15[(1.00267)^{240}\; - \;1]}{0.00267}\\\\A = \frac{235.15[1.8964\; - \;1]}{0.00267}\\\\A = \frac{235.15[0.8964]}{0.00267}\\\\A = \frac{210.789}{0.00267}[/tex]
A = $78,947.19
Now, we can the amount of money that can be withdrawn each month for 10 years by using this formula:
[tex]A = \frac{P[(1+r)^{12t} - 1]}{r(1+r)^{12t}}[/tex]
Making P the subject of formula, we have:
[tex]P = \frac{A[r(1+r)^{12t}]}{(1+r)^{12t} - 1}[/tex]
Substituting the given parameters into the formula, we have;
[tex]P = \frac{78,947.19[0.00267(1+0.00267)^{12 \times 10}]}{(1+0.00267)^{12 \times 10} - 1}\\\\P = \frac{78,947.19[0.00267(1.3771)]}{1.3771 - 1}\\\\P = \frac{290.278}{0.3771 }[/tex]
P = $769.27
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Who is likely to be in favor of a country that would be a net exporter moving from autarky to free trade
Explanation:
sorry don't know think you should ask the question
Which leadership skill do you feel is most important for a small business to succeed for a
long time? Explain your answer using examples. It's depends on the business that they are doing because they all have strengths and weakness.
margaret puts money into her savings account each month. in this example money is functioning as a
Answer: a store of value
In case where Margaret deposits money into her savings account monthly, the money functions acts as a store of value.
What are the characteristics of money?Money is a legally sanctioned document of the government and serves as a medium of exchange. It is generally acceptable mode of payment and is legal tender.
One of the main features of money is the storage and stability of its own value. This implies that money is something which is easily accessible and can be retrieved on demand.
In the above example, Margaret puts her money into the savings account, where she can easily use, store and retrieve the amount of money as per her will and requirement. So, money acts as a store of value.
Hence, it may be stated that when someone deposits money into the savings account, such money being deposited acts as a store of value.
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